| Valuation method | Value, ¥ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 1198.62 | 40 |
| Intrinsic value (DCF) | 3991.21 | 365 |
| Graham-Dodd Method | 665.60 | -22 |
| Graham Formula | 505.03 | -41 |
Foodison, Inc. (7114.T) is a Tokyo-based food e-commerce and distribution company specializing in restaurant-focused digital marketplaces and seafood retail. Operating primarily under its Uopochi platform, Foodison connects restaurants with suppliers, streamlining procurement for Japan's foodservice industry. The company also runs sakana bacca seafood stores and operates Food Talent Bank, a recruitment service for the food industry. Founded in 2013, Foodison capitalizes on Japan's digital transformation of food distribution, serving as a bridge between traditional food suppliers and modern e-commerce demand. With a market cap of ¥3.46 billion, the company plays in Japan's ¥30 trillion food service market, leveraging technology to improve supply chain efficiency. Its dual focus on B2B e-commerce (Uopochi) and specialty retail (sakana bacca) positions it uniquely in Japan's consumer defensive sector, combining digital innovation with essential food distribution.
Foodison presents a niche play on Japan's digital transformation of food distribution, with modest scale (¥6.35B revenue) but profitable operations (¥191M net income). The zero dividend policy suggests reinvestment focus, supported by a strong cash position (¥2.34B) relative to debt (¥484M). While the beta of 0.918 indicates lower volatility than the market, investors should weigh Japan's shrinking restaurant sector against Foodison's e-commerce growth potential. Key attractions include the capital-light Uopochi platform and seafood retail diversification, though competition from larger distributors and Japan's demographic challenges pose risks. The 41.1 diluted EPS reflects efficient scaling, but further growth may require expanding beyond current restaurant-centric model.
Foodison's competitive advantage stems from its specialized focus on restaurant food procurement through Uopochi, a niche underserved by Japan's traditional wholesale distributors. The platform's digital efficiency addresses pain points in a still-fragmented supplier market, though it lacks the scale of generalist food distributors. Its sakana bacca stores provide differentiation through premium seafood retailing, but face stiff competition from Japan's ubiquitous fish markets and supermarkets. The company's recruitment arm (Food Talent Bank) creates ecosystem stickiness but isn't a core revenue driver. Financially, Foodison's 3% net margin is respectable for food distribution but trails larger peers. Its true edge lies in tech-enabled SME restaurant servicing - a segment often overlooked by giants like Nissui but vulnerable if incumbents enhance digital capabilities. Geographic concentration in Japan limits risk but also growth potential unless overseas expansion occurs. The capital-light model (low CapEx) supports scalability, but dependence on Japan's shrinking foodservice industry requires either market share gains or vertical expansion to sustain growth.