5 Step Analysis of Japan Foods Holdings (SGX: 5OI)

By SmallCapAsia • February 5, 2018

This original post is written by Alpacainvestments.blogpost.sg.

Japan Foods Holding (JFH) has recently caught my attention, after I have started screening for stocks again. JFH operates a wide range of F&B outlets selling Japanese food.

We may be familiar with the Ajisen Ramen brand, which accounts for the bulk of JFH’s revenue (39.5%). JFH also operates brands including Menya Musashi and Keika Ramen. It has operations in Singapore, Malaysia, Vietnam, Hong Kong and China.

JFH Annual Report 2017

The firm has a four pronged strategy to grow its business – developing new concepts, cost control, overseas expansion and network expansion/consolidation.

1. 1H 2018 Financial Results

For 1H 2018, JFH reported an earnings per share of 1.35 cents, compared to 1.53 cents a year earlier, a 11.8% fall. Revenue fell marginally from $33.5 million to $33.0 million.

As at 30 Sep 2017, JFH had $19.6 million in cash and cash equivalents. This makes up more than a ...

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