2904.T
The company operates in the Food Processing industry, manufacturing and distributing processed food products, primarily generating revenue through the sale of packaged food items to retail and wholesale customers.
Business. The company operates in the Food Processing industry, manufacturing and distributing processed food products, primarily generating revenue through the sale of packaged food items to retail and wholesale customers.
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
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Composite-score breakdown
Synthesis
The company operates in the Food Processing industry, manufacturing and distributing processed food products, primarily generating revenue through the sale of packaged food items to retail and wholesale customers.
The company maintains a debt-to-equity ratio of 0.67, indicating a moderate reliance on debt financing, and a current ratio of 1.17, suggesting limited short-term liquidity cushion. Free cash flow is negative at -216.7 million JPY, while operating cash flow is positive at 1,615.7 million JPY, highlighting a cash outflow from capital expenditures of 2,574.3 million JPY. ROE of 5.04% and ROA of 2.46% are below the industry median for Food Processing, indicating weaker profitability relative to peers.
Profitability metrics show the company's gross margin at 20.21% (6,988.5 million JPY gross profit on 34,579.1 million JPY revenue), and operating margin at 2.69% (931.4 million JPY operating income). These figures are below the industry median for Food Processing, where gross margins typically exceed 25% and operating margins exceed 5%. The company's net income of 746.9 million JPY reflects a net margin of 2.16%, further underscoring its weaker profitability position.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic shifts and supply chain disruptions. No material revenue is attributed to international markets, and the company does not report segment-specific revenue figures.
Outlook for the current fiscal year shows a projected revenue growth of 0.0%, with no significant change expected in the next fiscal year. This flat growth trajectory is consistent with the company's recent revenue history, which has shown minimal year-over-year expansion. The absence of a clear growth driver is a concern for long-term value creation.
Risk assessment indicates a medium liquidity risk due to negative net cash position after subtracting total debt. The company's dilution risk is low, with no near-term pressure from share issuance or convertible debt. However, the negative free cash flow and high capital expenditures suggest potential future dilution if the company requires additional financing to fund operations or growth initiatives.
Recent filings and transcripts do not disclose any material events or strategic shifts. The company's latest earnings report confirmed the 40.67 JPY EPS and 34,579.07 billion JPY revenue, aligning with analyst estimates. No significant changes in management, product lines, or capital structure were reported in the most recent investor communications.
- The company's profitability metrics (ROE, ROA, and margins) are below the industry median, indicating weaker performance relative to peers.
- Free cash flow is negative, driven by high capital expenditures, which may require additional financing in the future.
- The company's revenue is concentrated in a single business segment with no geographic diversification, increasing exposure to regional risks.
- Liquidity risk is moderate due to a negative net cash position after subtracting total debt.
- No material events or strategic shifts have been disclosed in recent filings or transcripts.
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- Net cash is negative after subtracting total debt.
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- 2904.T Market data — financials · 2026-05-26
- Ichimasa Kamaboko Co Ltd Market data — analyst estimates · 2026-05-26