2904.T
Hot AirIchimasa Kamaboko Co., Ltd. · Consumer Defensive · Japan · $88M cap · $22K/day traded
JPY 752 -0.3% · close 12 Nov · scored 13 Nov
Score down 1.1 since 12 Nov.
Hot Air: Strong momentum and nothing else: weak business, rich price.
As of 13 Nov 2026, the MoatMap Score for Ichimasa Kamaboko Co., Ltd. (2904.T) is 40/100, ranked against 25,000+ stocks in 38 markets (Quality 28, Value 39, Momentum 65, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT ICHIMASA KAMABOKO CO., LTD.
Read
Ichimasa Kamaboko Co., Ltd. produces and sells fish-paste products in Japan. It operates through Seafood Paste Products and Prepared Food Business, Mushroom Business, and Transportation and Warehousing segments.
FINANCIAL SUMMARY (JPY)
| Year | 2022 | 2023 | 2024 | 2025 | 2026 | CAGR | TTM |
|---|---|---|---|---|---|---|---|
| Revenue | 31.6B | 32.8B | 34.5B | 34.6B | 35.5B | 3.0% | 35.8B |
| EPS (JPY) | 30.73 | 4.58 | 52.10 | 40.67 | 17.81 | -12.7% | 17.94 |
| Shares | 18.4M | 18.4M | 18.4M | 18.3M | 18.3M | -0.3% | 18.3M |
| Debt | 5.6B | 11.5B | 10.2B | 9.9B | 10.0B | 15.6% | 10.1B |
| Equity | 13.9B | 13.6B | 14.5B | 14.8B | 15.0B | 1.9% | — |
| Op CF | 1.8B | -1.0B | 5.2B | 1.6B | 2.3B | 6.1% | 2.3B |
| Inv CF | -2.2B | -3.9B | -1.7B | -2.6B | -1.8B | — | — |
| Fin CF | 1.4B | 4.1B | -1.6B | -1.1B | -330.5M | — | — |
Above its 200-day average and 3% below its 52-week high.
Calmer than 99% of stocks we rank over the past year (volatility 5% a year).
How this is worked out
The Price check reads only the chart, the price side of the Momentum score in words; it is not the MoatMap Score.
- Still falling: It set a new 52-week low in the last two weeks, after a deep fall.
- Finding a floor: It fell hard, but has set no new low for more than two weeks.
- Turning up: It has climbed off its low and is back above a rising 50-day average.
- In an uptrend (this stock): It is near its 52-week high and above its 200-day average.
- No clear trend: None of the above: no recent deep fall and no steady climb.
- No read yet: Not enough price history yet: it needs a year of trading.
In past US falls, waiting for Turning up cut the chance of another 20% drop from 42% to 33%. Returns were no better, and 33% of turns failed.
The exact rules
Still falling is a new 52-week low in the last two weeks, at least 25% below the high, with the low set after the high. Finding a floor is the same fall with no new low in the last two weeks. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average, with the 50-day average above the 200-day, and within 15% of the high. No clear trend is everything else. No read yet is under 252 trading days of history, or missing data. A new state shows once it has held for three trading days.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Consumer Defensive, ranked by industry match, size, and score similarity. Cross-listings of 2904.T are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| 2904.T | Ichimasa Kamaboko Co., Ltd.(you) | $88M | 40 |
| 2806.T | Yutaka Foods Corporation | $88M | 40 |
| 2700.T | Kitoku Shinryo Co., Ltd. | $89M | 35 |
| 2884.T | Yoshimura Food Holdings K.K. | $85M | 33 |
| 2224.T | Como Co.,Ltd. | $85M | 33 |
| 4404.T | Miyoshi Oil & Fat Co., Ltd. | $139M | 47 |
| 2933.T | Kibun Foods Inc. | $156M | 45 |
| 2818.T | PIETRO Co., Ltd. | $77M | 24 |
| 2204.T | Nakamuraya Co., Ltd. | $112M | 54 |
| 556A.T | INUNEKO-SEIKATSU Co.,Ltd. | $50M | 49 |
Peer medians: ROE 8.1% · P/E 15.9x · Gross margin 28.5%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.