Okamura Foods Co Ltd
Okamura Foods Co Ltd is a Japanese food processing company that produces and sells ready-to-eat meals, primarily under the "Okamura" brand, with revenue derived from retail and food service channels.
Business. Okamura Foods Co Ltd (2938.T) is a food processing company headquartered in Japan and listed on the Tokyo Stock Exchange. The firm operates within the Consumer Non-Cyclicals sector, specifically focusing on the Food & Beverages industry. As detailed segment and geographic data are not provided, the company is described at the industry level as a participant in the broader food processing market.
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- ElectionFR French Legislative2027-06-01 · FR
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Okamura Foods Co Ltd (2938.T) is a food processing company headquartered in Japan and listed on the Tokyo Stock Exchange. The firm operates within the Consumer Non-Cyclicals sector, specifically focusing on the Food & Beverages industry. As detailed segment and geographic data are not provided, the company is described at the industry level as a participant in the broader food processing market.
Okamura Foods maintains a debt-to-equity ratio of 1.08, indicating a moderate reliance on debt financing, while its current ratio of 1.51 suggests adequate short-term liquidity to cover obligations. The company's cash and equivalents of ¥4.42 billion are offset by long-term debt of ¥17.29 billion, resulting in a net cash position that is negative after subtracting total debt. Free cash flow of ¥1.13 billion in the latest period reflects the company's ability to generate cash after capital expenditures, though the capital expenditure of ¥1.98 billion indicates ongoing investment in operations.
Profitability metrics show a return on equity (ROE) of 12.6% and a return on assets (ROA) of 4.9%, both of which are in line with the Food Processing industry's typical performance. The gross profit margin of 20.9% (¥7.40 billion on ¥35.35 billion revenue) is consistent with industry norms, but the operating margin of 8.9% (¥3.14 billion) suggests moderate operating leverage. Net income of ¥2.02 billion represents a 5.7% margin, which is within the expected range for the sector.
The company's revenue is concentrated in Japan, with no disclosed international operations, and its business is segmented primarily by product lines such as ready-to-eat meals and convenience foods. No material geographic diversification is reported, and the company does not disclose revenue by business segment in the latest financials.
Looking ahead, revenue is expected to grow from ¥35.35 billion to ¥39.50 billion in the next fiscal year, representing a 11.7% increase. This growth is supported by the company's market position in the convenience food segment and ongoing product innovation. Analysts project earnings per share (EPS) to rise from ¥41.35 to ¥51.40, a 24.3% increase, driven by higher sales volumes and margin expansion.
Risk factors include moderate liquidity risk due to the company's net cash position and a debt-to-equity ratio above 1.0. The risk of dilution is assessed as low, with no recent share issuance or shelf registration activity reported. No material adjustments were applied to the valuation metrics, and the company's capital structure remains stable.
Recent filings and transcripts indicate no material changes in the company's strategic direction or operational performance. The company continues to focus on cost control and product innovation to maintain its competitive position in the domestic market. No significant regulatory or geopolitical risks are currently impacting the company's operations.
- Okamura Foods maintains a moderate debt load and generates positive free cash flow, supporting its operational flexibility.
- The company's profitability metrics are in line with industry norms, with a ROE of 12.6% and ROA of 4.9%.
- Revenue is concentrated in Japan, with no material international exposure or segment diversification disclosed.
- Analysts expect double-digit revenue and EPS growth in the next fiscal year, driven by market expansion and margin improvement.
- Liquidity risk is moderate, and the risk of dilution is low, with no recent share issuance activity.
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| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 51,40 |
| Revenue | —no estimate | —no estimate | 39,5B JPY |
| Operating income | —no estimate | —no estimate | —no estimate |
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- Net cash is negative after subtracting total debt.
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- Okamura Foods Co Ltd Market data — financials · 2026-05-26
- Okamura Foods Co Ltd Market data — analyst estimates · 2026-05-26