DELICA FOODS HOLDINGS CO. LTD. (3392) AI Stock Analysis

DELICA FOODS HOLDINGS CO. LTD.

(TSE/TYO:3392)

Select Model

Rating:73Outperform

Price Target:JPY 797.00▲(11.47% Upside)

Action:reiterated

Date:08/17/26

The overall score reflects DELICA FOODS HOLDINGS' compelling fundamental turnaround, strong revenue growth, and highly attractive valuation metrics. These core fundamental strengths heavily outweigh the current bearish technical momentum, making the stock a fundamentally sound value proposition despite short-term price weakness.

Positive Factors

Profitability RecoveryThe return to operating and net profitability marks a meaningful improvement in the business’s earnings base. Margin expansion suggests better pricing, product mix, and/or cost control, providing a stronger platform for reinvestment and more durable earnings over the next several quarters.

Negative Factors

Thin Margins and Earnings VolatilityThin profitability leaves limited room to absorb higher costs, weaker demand, or execution setbacks. Earnings volatility also makes future performance less predictable, meaning the recent recovery still needs to prove it can persist through normal changes in the operating cycle.

DELICA FOODS HOLDINGS CO. LTD. (3392) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 11.61B
Dividend Yield: 3.50%
Average Volume (3M): 30.40K
Price to Earnings (P/E): 9.1
Beta (1Y): 0.32
Revenue Growth: 3.66%
EPS Growth: 9.21%
Country: Japan
Employees: 850
Sector: Consumer Defensive
Sector Strength: 62
Industry: Food Distribution

DELICA FOODS HOLDINGS CO. LTD. Business Overview & Revenue Model

Company Description

Operating from its Tokyo, Japan headquarters, Delica Foods Holdings Co., Ltd. specializes in the wholesale distribution of vegetables throughout the country. The company's offerings include both whole and pre-cut produce, supplied to a diverse custom...

DELICA FOODS HOLDINGS CO. LTD. Financial Statement Overview

Summary

DELICA FOODS HOLDINGS exhibits a strong fundamental turnaround with robust revenue growth, improved profitability, and significant deleveraging. While net margins remain historically thin at 2.4%, consistent positive earnings and strong operating cash flows highlight solid operational execution.

Income Statement

85Very Positive

Balance Sheet

80Positive

Cash Flow

75Positive

Financial statement breakdown
Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	62.52B	62.22B	58.76B	52.82B	47.93B	31.73B
Gross Profit	16.22B	16.34B	14.36B	13.20B	11.70B	6.22B
EBITDA	3.04B	3.38B	1.98B	2.14B	1.60B	-578.23M
Net Income	1.28B	1.52B	542.01M	1.01B	702.50M	-953.29M
Balance Sheet
Total Assets	29.48B	29.51B	26.64B	29.13B	25.04B	22.81B
Cash, Cash Equivalents and Short-Term Investments	5.89B	5.34B	3.74B	4.27B	5.52B	4.64B
Total Debt	12.11B	10.96B	10.66B	13.79B	11.61B	11.64B
Total Liabilities	19.05B	19.08B	17.61B	20.38B	17.33B	15.70B
Stockholders Equity	10.43B	10.43B	9.03B	8.75B	7.72B	7.12B
Cash Flow
Free Cash Flow	0	1.60B	2.92B	-3.21B	741.61M	-768.70M
Operating Cash Flow	0	3.16B	3.80B	1.69B	1.70B	72.48M
Investing Cash Flow	0	-1.83B	-812.91M	-4.87B	-976.59M	-830.92M
Financing Cash Flow	0	58.97M	-3.42B	1.94B	289.86M	1.14B

DELICA FOODS HOLDINGS CO. LTD. Technical Analysis

Technical Analysis SentimentNegative

Last Price715.00

Price Trends

50DMA770.58Negative

100DMA800.81Negative

200DMA834.52Negative

Market Momentum

MACD-18.63Negative

RSI36.75Neutral

STOCH15.00Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3392, the sentiment is Negative. The current price of 715.00 is below the 20-day moving average (MA) of 732.50, below the 50-day MA of 770.58, and below the 200-day MA of 834.52, indicating a bearish trend. The MACD of -18.63 indicates Negative momentum. The RSI at 36.75 is Neutral, neither overbought nor oversold. The STOCH value of 15.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3392.

DELICA FOODS HOLDINGS CO. LTD. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

JP:3392 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:3392	73Outperform	JPY 11.63B	9.09	―	3.50%	3.66%	9.21%
JP:2831	71Outperform	JPY 33.64B	10.04	―	1.96%	2.00%	35.75%
JP:2819	69Neutral	JPY 23.73B	10.99	―	1.96%	5.01%	120.83%
JP:2922	64Neutral	JPY 24.79B	12.69	―	1.42%	-1.66%	101.11%
Sector *	62Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
JP:2910	59Neutral	JPY 35.66B	169.32	―	1.79%	0.59%	-50.98%
JP:2923	52Neutral	JPY 34.65B	18.89	―	1.09%	6.18%	-35.54%

* Consumer Defensive Sector Average

Performance Comparison

JP:3392 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:3392	DELICA FOODS HOLDINGS CO. LTD.	715.00	-116.97	-14.06%
JP:2819	Ebara Foods Industry, Inc.	2547.00	118.38	4.87%
JP:2831	Hagoromo Foods Corporation	3610.00	406.01	12.67%
JP:2910	Rock Field Co., Ltd.	1335.00	-40.78	-2.96%
JP:2922	Natori Co., Ltd.	1965.00	44.21	2.30%
JP:2923	Sato Foods Co., Ltd.	7000.00	-649.26	-8.49%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 17, 2026

DELICA FOODS HOLDINGS CO. LTD. AI Stock Analysis