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Stock Analysis & ValuationOisix ra daichi Inc. (3182.T)

Professional Stock Screener
Previous Close
¥1,432.00
Sector Valuation Confidence Level
Low
Valuation methodValue, ¥Upside, %
Artificial intelligence (AI)3061.25114
Intrinsic value (DCF)59542.974058
Graham-Dodd Method958.30-33
Graham Formula7997.94459

Strategic Investment Analysis

Company Overview

Oisix ra daichi Inc. (3182.T) is a leading Japanese e-commerce and food distribution company specializing in organic vegetables, additive-free processed foods, and premium agricultural products. Headquartered in Tokyo, the company operates multiple delivery services, including Oisix stores, Oitoku (regular discounted deliveries), Daichi wo mamorukai (organic household deliveries), and Tavelty (seasonal novelty packs). Founded in 1997, Oisix ra daichi has positioned itself as a pioneer in Japan's organic and sustainable food market, leveraging direct-to-consumer online sales and subscription-based models. Beyond retail, the company provides advertising, logistics, and omni-channel retailing solutions, enhancing its ecosystem in Japan's growing health-conscious consumer sector. With a market cap of ¥53.8 billion (as of latest data), Oisix ra daichi serves as a key player in Japan's consumer defensive sector, catering to demand for transparency and quality in food sourcing.

Investment Summary

Oisix ra daichi presents a compelling investment case due to its strong positioning in Japan's organic and premium food market, supported by recurring revenue from subscription services. The company reported ¥148.4 billion in revenue and ¥4.1 billion in net income for FY 2024, with a diluted EPS of ¥112.7. Operating cash flow of ¥7.7 billion and a healthy cash position (¥29.6 billion) provide financial flexibility, though total debt of ¥51.7 billion warrants monitoring. The stock's beta of 1.232 suggests moderate volatility relative to the market. Risks include competitive pressures in Japan's crowded e-grocery sector and reliance on domestic consumer spending. However, its focus on sustainability and organic trends aligns with long-term consumer shifts, making it an attractive play on Japan's evolving food retail landscape.

Competitive Analysis

Oisix ra daichi competes in Japan's premium and organic food distribution sector, differentiating itself through a vertically integrated supply chain and strong brand trust in quality. Its subscription-based models (Oitoku, Daichi wo mamorukai) enhance customer retention, while its omni-channel capabilities provide a competitive edge over traditional retailers. However, the company faces intense competition from larger e-commerce players and supermarket chains expanding into organic offerings. Its niche focus on additive-free and seasonal products creates a defensible moat, but scalability beyond urban centers remains a challenge. The company’s advertising and logistics services add B2B revenue streams, though margins may be pressured by Japan's high operational costs. Oisix ra daichi’s ability to maintain premium pricing and supplier relationships will be critical as competitors like Rakuten Seiyu and Aeon ramp up organic private-label offerings.

Major Competitors

  • Ryohin Keikaku Co., Ltd. (MUJI) (7453.T): MUJI’s strong brand and minimalist ethos extend to its organic food lines, competing with Oisix in premium consumer goods. While MUJI has broader retail diversification, its food segment lacks Oisix’s specialized focus on subscriptions and direct farm partnerships. MUJI’s global presence is a strength, but its domestic food curation is less comprehensive.
  • Aeon Co., Ltd. (8267.T): Aeon’s vast supermarket network and private-label organic products pose a threat to Oisix’s niche. Aeon benefits from economies of scale and offline dominance, but its e-grocery platform is less tailored to premium/organic demand compared to Oisix’s curated model. Aeon’s pricing power could pressure Oisix’s margins.
  • Z Holdings Corporation (Yahoo Japan) (4689.T): Yahoo Japan’s e-commerce marketplace includes competing organic food sellers, leveraging its tech infrastructure and user base. However, it lacks Oisix’s integrated supply chain and brand loyalty in sustainable food. Yahoo’s strength lies in aggregation, not curation, making it a partial competitor.
  • Rakuten Group, Inc. (4755.T): Rakuten’s Seiyu partnership and e-grocery initiatives overlap with Oisix’s online sales. Rakuten’s ecosystem (logistics, payments) is formidable, but its organic food selection is less specialized. Oisix’s focus on traceability and farmer relationships gives it an edge in authenticity.
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