Takizawa Ham Co Ltd

Takizawa Ham Co Ltd's capital structure is characterized by a debt-to-equity ratio of 1.23, indicating a moderate reliance on debt financing relative to equity. The company's liquidity position is mixed, with cash and equivalents of ¥1,991,578,000, but long-term debt of ¥4,921,726,000, resulting in a negative net cash position after subtracting total debt. The current ratio of 0.97 suggests the company is operating with a narrow margin of safety in meeting its short-term obligations.

Profitability metrics for Takizawa Ham Co Ltd are weak, with a return on equity (ROE) of -1.69% and a return on assets (ROA) of -0.5%, both significantly below the industry median for food processing companies. The company reported an operating loss of ¥114,864,000 and a net loss of ¥67,875,000 in the latest period, indicating a challenging operating environment.

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 fluctuations and supply chain disruptions. The absence of segment or geographic breakdown in the financial data limits the ability to assess risk distribution.

Growth trajectory appears to be negative, with the company reporting a net loss and declining operating income. Analyst estimates for revenue and earnings are not indicative of a recovery, with the last actual revenue at ¥28,088,800,000 and an EPS of -241.16 JPY. The company's capital expenditure of -¥264,416,000 suggests a reduction in investment in long-term assets, which may further constrain future growth.

Risk factors include a medium liquidity risk due to the negative net cash position and a current ratio below 1. The company's dilution risk is assessed as low, with no significant dilution potential in the near term. However, the operating loss and negative ROE highlight operational inefficiencies and potential earnings volatility.

Recent events include the filing of financial results showing a net loss and a reduction in capital expenditures. No significant corporate actions or regulatory changes have been disclosed in the latest filings. The company's performance is likely influenced by broader industry challenges, including rising input costs and shifting consumer preferences.

Revenue ¥7.36B, −6,3% YoY; Operating income +351,2% YoY.

• ▍Revenue ¥7.36B, −6,3% YoY
• ▍Operating income +351,2% YoY
• ▍Net income +841,1% YoY
• ▍Net margin 4.0%

Revenue ¥6.69B, −5,9% YoY; Operating income +39,6% YoY.

• ▍Revenue ¥6.69B, −5,9% YoY
• ▍Operating income +39,6% YoY
• ▍Net income +54,3% YoY
• ▍Net margin -2.1%

Revenue ¥6.57B, −4,3% YoY; Operating income −832,8% YoY.

• ▍Revenue ¥6.57B, −4,3% YoY
• ▍Operating income −832,8% YoY
• ▍Net income −626,7% YoY
• ▍Net margin -1.4%

Revenue ¥6.27B, −2,1% YoY; Operating income −99,9% YoY.

• ▍Revenue ¥6.27B, −2,1% YoY
• ▍Operating income −99,9% YoY
• ▍Net income −249,4% YoY
• ▍Net margin -3.8%

Revenue ¥7.85B; Operating income ¥17.7M.

• ▍Revenue ¥7.85B
• ▍Operating income ¥17.7M
• ▍Net margin 0.4%

Revenue ¥7.11B; Operating income -¥213.6M.

• ▍Revenue ¥7.11B
• ▍Operating income -¥213.6M
• ▍Net margin -4.3%

Revenue ¥6.86B; Operating income -¥10.5M.

• ▍Revenue ¥6.86B
• ▍Operating income -¥10.5M
• ▍Net margin 0.2%

Revenue ¥6.40B; Operating income -¥114.9M.

• ▍Revenue ¥6.40B
• ▍Operating income -¥114.9M
• ▍Net margin -1.1%

Revenue ¥28.09B, −0,4% YoY; Operating income −584,9% YoY.

• ▍Revenue ¥28.09B, −0,4% YoY
• ▍Operating income −584,9% YoY
• ▍Net income −500,0% YoY
• ▍Free cash flow −167,6% YoY
• ▍Net margin -1.8%

Revenue ¥28.21B, −4,2% YoY; Operating income +140,7% YoY.

• ▍Revenue ¥28.21B, −4,2% YoY
• ▍Operating income +140,7% YoY
• ▍Net income +164,8% YoY
• ▍Free cash flow +36,5% YoY
• ▍Net margin 0.4%

Revenue ¥29.46B, −0,1% YoY; Operating income −358,8% YoY.

• ▍Revenue ¥29.46B, −0,1% YoY
• ▍Operating income −358,8% YoY
• ▍Net income −209,3% YoY
• ▍Free cash flow −46,0% YoY
• ▍Net margin -0.6%

Revenue ¥29.48B, −3,0% YoY; Operating income +191,2% YoY.

• ▍Revenue ¥29.48B, −3,0% YoY
• ▍Operating income +191,2% YoY
• ▍Net income +217,3% YoY
• ▍Free cash flow +26,8% YoY
• ▍Net margin 0.6%