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Calbee, Inc. logo

Calbee, Inc.

2229.T

JPXConsumer DefensivePackaged Foods

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Latest quote

¥3,083

+¥13.00 · +0.42%

Aug 24, 1:20 PM JST

2229.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Calbee, Inc. is a major producer and distributor of snack foods and other culinary items, with a significant international presence encompassing Japan, North America, Greater China, the United Kingdom, and Indonesia, among other global regions. The company's diverse product range includes various snacks made from potatoes, flour, corn, and beans, alongside wheat-based goods, breakfast cereals, and granola. These products are marketed under prominent brand names such as Potato Chips, Jagarico, Jaga Pokkuru, Kappa Ebisen, Seabrook, Thin Potato, Sapporo Potato, Sayaendo, Jagabee, and Frugra. Calbee's offerings are available to consumers through both e-commerce channels and traditional retail establishments. The company, which has its headquarters in Tokyo, Japan, was founded in 1949.

Industry
Packaged Foods
Sector
Consumer Defensive
Headquarters
JP
CEO
Makoto Ehara
Listed since
Mar 11, 2011
Employees
6,974

Market position

Day range

Current ¥3,083

52-week range

Current ¥3,083

Open
¥3,071
Previous close
¥3,070
Volume
73.7K
0.18× average
Average volume
417.89K
Average daily volume
Market cap
374.86B JPY
Beta
-0.06
Market reference 1
50-day average
¥2,953.05
+4.40% above average
200-day average
¥2,987.83
+3.19% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
367.43B JPY
P/E (TTM)
21.23×
P/B (TTM)
1.81×
P/S (TTM)
1.09×
EV / EBITDA
8.41×
Earnings yield
4.55%
Free cash flow yield
3.20%
Dividend yield
2.14%

Profitability & efficiency

Gross margin
32.76%
Operating margin
7.95%
Net margin
5.18%
Return on equity
8.23%
Return on assets
5.29%
Return on invested capital
6.38%

Financial health

Debt / equity
0.18×
Current ratio
2.03×
Altman Z-score
4.64
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends37%25%14%2%Gross margin, FY2022: 34.17%Gross margin, FY2023: 32.26%Gross margin, FY2024: 33.60%Gross margin, FY2025: 34.05%Gross margin, FY2026: 32.56%Operating margin, FY2022: 10.20%Operating margin, FY2023: 7.92%Operating margin, FY2024: 8.96%Operating margin, FY2025: 8.99%Operating margin, FY2026: 7.68%Net margin, FY2022: 7.36%Net margin, FY2023: 5.29%Net margin, FY2024: 6.56%Net margin, FY2025: 6.47%Net margin, FY2026: 5.09%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 34.17%. Gross margin FY2023 32.26%. Gross margin FY2024 33.60%. Gross margin FY2025 34.05%. Gross margin FY2026 32.56%. Operating margin FY2022 10.20%. Operating margin FY2023 7.92%. Operating margin FY2024 8.96%. Operating margin FY2025 8.99%. Operating margin FY2026 7.68%. Net margin FY2022 7.36%. Net margin FY2023 5.29%. Net margin FY2024 6.56%. Net margin FY2025 6.47%. Net margin FY2026 5.09%.

Income trends

Revenue

340.15B JPY+5.45%

Operating income

26.12B JPY-9.92%

Net income

17.33B JPY-16.98%
Income trends across reported periods372.69B JPY242.54B JPY112.39B JPY−17.77B JPYRevenue, FY2022: 245.42B JPYRevenue, FY2023: 279.32B JPYRevenue, FY2024: 303.03B JPYRevenue, FY2025: 322.56B JPYRevenue, FY2026: 340.15B JPYOperating income, FY2022: 25.04B JPYOperating income, FY2023: 22.12B JPYOperating income, FY2024: 27.16B JPYOperating income, FY2025: 28.99B JPYOperating income, FY2026: 26.12B JPYNet income, FY2022: 18.05B JPYNet income, FY2023: 14.77B JPYNet income, FY2024: 19.89B JPYNet income, FY2025: 20.87B JPYNet income, FY2026: 17.33B JPYFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 245.42B JPY. Revenue FY2023 279.32B JPY. Revenue FY2024 303.03B JPY. Revenue FY2025 322.56B JPY. Revenue FY2026 340.15B JPY. Operating income FY2022 25.04B JPY. Operating income FY2023 22.12B JPY. Operating income FY2024 27.16B JPY. Operating income FY2025 28.99B JPY. Operating income FY2026 26.12B JPY. Net income FY2022 18.05B JPY. Net income FY2023 14.77B JPY. Net income FY2024 19.89B JPY. Net income FY2025 20.87B JPY. Net income FY2026 17.33B JPY.
Metric (JPY)FY2026FY2025FY2024FY2023FY2022
Revenue340.15B JPY322.56B JPY303.03B JPY279.32B JPY245.42B JPY
Cost of goods sold229.4B JPY212.74B JPY201.21B JPY189.21B JPY161.55B JPY
Gross profit110.75B JPY109.83B JPY101.82B JPY90.1B JPY83.87B JPY
Research and development—4.21B JPY3.91B JPY3.68B JPY3.32B JPY
Selling, general, and administrative84.63B JPY76.63B JPY70.75B JPY64.3B JPY55.51B JPY
Operating expenses84.63B JPY80.83B JPY74.66B JPY67.98B JPY58.83B JPY
Interest income453M JPY494M JPY445M JPY140M JPY84M JPY
Interest expense388M JPY358M JPY302M JPY162M JPY99M JPY
Depreciation and amortization17.09B JPY14.3B JPY12.68B JPY12.03B JPY11.01B JPY
Operating income26.12B JPY28.99B JPY27.16B JPY22.12B JPY25.04B JPY
Net income17.33B JPY20.87B JPY19.89B JPY14.77B JPY18.05B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 4 misses, 0 met estimates
Average EPS surprise
+9.05%
11 comparable reports
Latest EPS result
33.59
Estimate 30.97 · Beat by 8.46%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates65.6147.7229.8311.93Q1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 6, 2025: actual 61.79, estimate 51.81, surprise +19.26%, Beat. Q2 2025, reported May 12, 2025: actual 20.19, estimate 14.04, surprise +43.80%, Beat. Q3 2025, reported Aug 1, 2025: actual 28.38, estimate 39.62, surprise -28.37%, Miss. Q4 2025, reported Nov 5, 2025: actual 25.95, estimate 38.1, surprise -31.89%, Miss. Q1 2026, reported Feb 2, 2026: actual 55.06, estimate 56.77, surprise -3.01%, Miss. Q2 2026, reported May 14, 2026: actual 30.59, estimate 24.49, surprise +24.91%, Beat. Q3 2026, reported Jul 30, 2026: actual 33.59, estimate 30.97, surprise +8.46%, Beat. Q4 2026, reported Nov 6, 2026: actual —, estimate 25.24, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates94.63B88.14B81.64B75.15BQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 6, 2025: actual 86.71B JPY, estimate 84.7B JPY, surprise +2.37%, Beat. Q2 2025, reported May 12, 2025: actual 78.79B JPY, estimate 80.51B JPY, surprise -2.14%, Miss. Q3 2025, reported Aug 1, 2025: actual 82.23B JPY, estimate 81.2B JPY, surprise +1.27%, Beat. Q4 2025, reported Nov 5, 2025: actual 83.51B JPY, estimate 83.35B JPY, surprise +0.19%, Beat. Q1 2026, reported Feb 2, 2026: actual 90.99B JPY, estimate 90.9B JPY, surprise +0.10%, Beat. Q2 2026, reported May 14, 2026: actual 83.41B JPY, estimate 82.58B JPY, surprise +1.01%, Beat. Q3 2026, reported Jul 30, 2026: actual 86.76B JPY, estimate 88.03B JPY, surprise -1.45%, Miss. Q4 2026, reported Nov 6, 2026: actual —, estimate 89.93B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥58.00

2025 complete year+16.0% since 2021

2026 partial: ¥66.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Mar 30, 2027

¥69.00

Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥66.00

Annual

Record Mar 31, 2026 · Payment Jun 25, 2026

Dividend

Ex-dividend Mar 28, 2025

¥58.00

Annual

Record Mar 31, 2025 · Payment Jun 26, 2025

Dividend

Ex-dividend Mar 28, 2024

¥56.00

Annual

Record Mar 31, 2024 · Payment Jun 26, 2024

Dividend

Ex-dividend Mar 30, 2023

¥52.00

Annual

Record Mar 31, 2023 · Payment Jun 22, 2023

Dividend

Ex-dividend Mar 30, 2022

¥52.00

Annual

Record Mar 31, 2022 · Payment Jun 23, 2022

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ETFs holding 2229.T

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core TOPIX ETF logoiShares Core TOPIX ETF1475.T
Market value
710.4M
Weight
0.02%
AUM
2.89T JPY
Expense ratio
0.05%
Price / 1D
¥418.1+0.02%
iShares JPX-Nikkei 400 ETF logoiShares JPX-Nikkei 400 ETF1364.T
Market value
206.61M
Weight
0.03%
AUM
592.34B JPY
Expense ratio
0.05%
Price / 1D
¥3,7610.00%
Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
19.8M
Weight
0.00%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Vanguard FTSE Developed Markets ETF logoVanguard FTSE Developed Markets ETFVEA
Market value
13.09M
Weight
0.00%
AUM
315B USD
Expense ratio
0.03%
Price / 1D
$73.42+0.80%
iShares Core MSCI EAFE ETF logoiShares Core MSCI EAFE ETFIEFA
Market value
12.41M
Weight
0.01%
AUM
195.14B USD
Expense ratio
0.07%
Price / 1D
$100.85+0.86%
iShares MSCI EAFE Small-Cap ETF logoiShares MSCI EAFE Small-Cap ETFSCZ
Market value
5.17M
Weight
0.04%
AUM
13.28B USD
Expense ratio
0.40%
Price / 1D
$86.60+0.70%
Vanguard FTSE All-World ex-US ETF logoVanguard FTSE All-World ex-US ETFVEU
Market value
3.07M
Weight
0.00%
AUM
95.9B USD
Expense ratio
0.04%
Price / 1D
$85.69+0.82%
WisdomTree Japan Hedged Equity Fund logoWisdomTree Japan Hedged Equity FundDXJ
Market value
2.95M
Weight
0.04%
AUM
7.11B USD
Expense ratio
0.48%
Price / 1D
$177.54+1.10%

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