Ifuji Sangyo Co Ltd

Ifuji Sangyo Co Ltd maintains a strong liquidity position, with cash and equivalents amounting to ¥3.15 billion, representing 21.5% of total assets. The company's liquidity FPT (free cash flow to total liabilities) is robust, supported by a current ratio of 2.08, indicating a solid ability to meet short-term obligations.

Profitability metrics, however, are below the industry median for Food & Beverages. The company's return on equity (ROE) is 1.32%, and return on assets (ROA) is 0.87%, both of which are weak compared to the sector's average. Gross margin stands at 15.5%, but operating margin is only 2.55%, reflecting high operating costs relative to revenue.

Geographically, the company's revenue is concentrated in Japan, with no disclosed international operations. Segment-wise, the business is not diversified, as it operates a single business segment focused on food production. This lack of diversification increases exposure to domestic economic and regulatory shifts.

The company's growth trajectory is modest, with revenue of ¥4.997 billion in the latest period. Outlook data does not indicate a significant change in the near term, with no disclosed revenue growth or contraction expected in the next fiscal year. Capital expenditures of ¥692 million suggest ongoing investment in operations, but the operating cash flow is negative at ¥294 million, indicating reliance on external financing or asset sales to fund operations.

Risk factors are limited, with low liquidity and dilution risk identified. The debt-to-equity ratio is 0.26, and there are no immediate filing-based flags for liquidity or dilution. However, the high price-to-earnings ratio of 135.81 suggests market skepticism about near-term earnings growth.

Recent filings and transcripts do not highlight any material events or strategic shifts. The company's last actual EPS was ¥254.58, and revenue was ¥25.557 billion, according to analyst estimates. No significant changes in management strategy or capital structure have been disclosed in the latest available data.

Operating income surged 52.0% year-over-year to JPY 2.998 billion in fiscal 2025, demonstrating strong top-line and bottom-line momentum.

Net income grew 31.7% year-over-year to JPY 2.103 billion in fiscal 2025, reflecting significant profitability expansion.

Revenue expanded at a robust 16.6% compound annual growth rate over the four-year period ending fiscal 2025.

The company maintains a low debt-to-equity ratio of 0.26, indicating a conservative capital structure with limited leverage risk.

Cash conversion ratio of -2.3 ranks in the bottom quartile of the cohort, revealing severe inefficiencies in cash management.

Capex to revenue ratio of -13.85% sits in the bottom quartile, suggesting heavy capital intensity relative to sales.

Revenue ¥8.73B, +19,4% YoY; Operating income −20,0% YoY.

• ▍Revenue ¥8.73B, +19,4% YoY
• ▍Operating income −20,0% YoY
• ▍Net income −21,8% YoY
• ▍Net margin 5.5%

Revenue ¥7.81B, +32,8% YoY; Operating income −19,6% YoY.

• ▍Revenue ¥7.81B, +32,8% YoY
• ▍Operating income −19,6% YoY
• ▍Net income −16,6% YoY
• ▍Net margin 5.2%

Revenue ¥8.22B, +58,0% YoY; Operating income +12,6% YoY.

• ▍Revenue ¥8.22B, +58,0% YoY
• ▍Operating income +12,6% YoY
• ▍Net income +15,2% YoY
• ▍Net margin 7.6%

Revenue ¥7.16B, +43,4% YoY; Operating income +380,3% YoY.

• ▍Revenue ¥7.16B, +43,4% YoY
• ▍Operating income +380,3% YoY
• ▍Net income +251,6% YoY
• ▍Net margin 6.3%

Revenue ¥7.31B; Operating income ¥865.0M.

• ▍Revenue ¥7.31B
• ▍Operating income ¥865.0M
• ▍Net margin 8.5%

Revenue ¥5.88B; Operating income ¥728.0M.

• ▍Revenue ¥5.88B
• ▍Operating income ¥728.0M
• ▍Net margin 8.3%

Revenue ¥5.20B; Operating income ¥795.0M.

• ▍Revenue ¥5.20B
• ▍Operating income ¥795.0M
• ▍Net margin 10.5%

Revenue ¥5.00B; Operating income ¥127.0M.

• ▍Revenue ¥5.00B
• ▍Operating income ¥127.0M
• ▍Net margin 2.6%

Revenue ¥25.56B, +4,3% YoY; Operating income +52,0% YoY.

• ▍Revenue ¥25.56B, +4,3% YoY
• ▍Operating income +52,0% YoY
• ▍Net income +31,7% YoY
• ▍Free cash flow −14,3% YoY
• ▍Net margin 8.2%

Revenue ¥24.50B, +17,3% YoY; Operating income +25,3% YoY.

• ▍Revenue ¥24.50B, +17,3% YoY
• ▍Operating income +25,3% YoY
• ▍Net income +43,0% YoY
• ▍Free cash flow +15,1% YoY
• ▍Net margin 6.5%

Revenue ¥20.89B, +19,9% YoY; Operating income +21,1% YoY.

• ▍Revenue ¥20.89B, +19,9% YoY
• ▍Operating income +21,1% YoY
• ▍Net income +12,2% YoY
• ▍Free cash flow −0,2% YoY
• ▍Net margin 5.3%

Revenue ¥17.43B, +26,1% YoY; Operating income +9,7% YoY.

• ▍Revenue ¥17.43B, +26,1% YoY
• ▍Operating income +9,7% YoY
• ▍Net income +20,0% YoY
• ▍Free cash flow +4,7% YoY
• ▍Net margin 5.7%