Bull-Dog Sauce Co., Ltd. logo

Bull-Dog Sauce Co., Ltd.

2804.T

JPXConsumer DefensivePackaged Foods

Latest quote

¥1,859

+¥14.00 · +0.76%

Aug 24, 2:31 PM JST

2804.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Headquartered in Tokyo, Japan, Bull-Dog Sauce Co., Ltd. is a long-established Japanese firm that began operations in 1902. The company specializes in the manufacturing and distribution of sauces, pasta products, and various seasonings for the Japanese market. It was initially known as Bull-Dog Foods Co., Ltd., before officially adopting the name Bull-Dog Sauce Co., Ltd. in 1962.

Industry
Packaged Foods
Sector
Consumer Defensive
Headquarters
JP
CEO
Hisatoshi Ishigaki
Listed since
Jan 1, 2001
Employees
282

Market position

Day range

Current ¥1,859

52-week range

Current ¥1,859

Open
¥1,842
Previous close
¥1,845
Volume
19.5K
0.93× average
Average volume
20.97K
Average daily volume
Market cap
23.44B JPY
Beta
0.05
Market reference 1
50-day average
¥1,787.22
+4.02% above average
200-day average
¥1,843.63
+0.83% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
23.43B JPY
P/E (TTM)
18.34×
P/B (TTM)
0.92×
P/S (TTM)
1.59×
EV / EBITDA
13.28×
Earnings yield
10.22%
Free cash flow yield
5.92%
Dividend yield
2.42%

Profitability & efficiency

Gross margin
32.49%
Operating margin
4.37%
Net margin
8.68%
Return on equity
9.66%
Return on assets
6.54%
Return on invested capital
1.30%

Financial health

Debt / equity
0.16×
Current ratio
2.04×
Altman Z-score
2.56
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends37%24%11%-2%Gross margin, FY2021: 33.84%Gross margin, FY2022: 32.18%Gross margin, FY2023: 29.83%Gross margin, FY2024: 28.86%Gross margin, FY2025: 32.28%Operating margin, FY2021: 4.90%Operating margin, FY2022: 3.18%Operating margin, FY2023: 1.13%Operating margin, FY2024: 1.53%Operating margin, FY2025: 4.18%Net margin, FY2021: 5.39%Net margin, FY2022: 4.40%Net margin, FY2023: 1.00%Net margin, FY2024: 4.27%Net margin, FY2025: 16.61%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 33.84%. Gross margin FY2022 32.18%. Gross margin FY2023 29.83%. Gross margin FY2024 28.86%. Gross margin FY2025 32.28%. Operating margin FY2021 4.90%. Operating margin FY2022 3.18%. Operating margin FY2023 1.13%. Operating margin FY2024 1.53%. Operating margin FY2025 4.18%. Net margin FY2021 5.39%. Net margin FY2022 4.40%. Net margin FY2023 1.00%. Net margin FY2024 4.27%. Net margin FY2025 16.61%.

Income trends

Revenue

14.69B JPY+0.48%

Operating income

614M JPY+175.25%

Net income

2.44B JPY+291.22%
Income trends across reported periods16.14B JPY10.33B JPY4.51B JPY−1.31B JPYRevenue, FY2021: 13.3B JPYRevenue, FY2022: 13.53B JPYRevenue, FY2023: 14.48B JPYRevenue, FY2024: 14.62B JPYRevenue, FY2025: 14.69B JPYOperating income, FY2021: 651.64M JPYOperating income, FY2022: 430.9M JPYOperating income, FY2023: 163.82M JPYOperating income, FY2024: 223.07M JPYOperating income, FY2025: 614M JPYNet income, FY2021: 716.87M JPYNet income, FY2022: 595.78M JPYNet income, FY2023: 145.41M JPYNet income, FY2024: 623.68M JPYNet income, FY2025: 2.44B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 13.3B JPY. Revenue FY2022 13.53B JPY. Revenue FY2023 14.48B JPY. Revenue FY2024 14.62B JPY. Revenue FY2025 14.69B JPY. Operating income FY2021 651.64M JPY. Operating income FY2022 430.9M JPY. Operating income FY2023 163.82M JPY. Operating income FY2024 223.07M JPY. Operating income FY2025 614M JPY. Net income FY2021 716.87M JPY. Net income FY2022 595.78M JPY. Net income FY2023 145.41M JPY. Net income FY2024 623.68M JPY. Net income FY2025 2.44B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue14.69B JPY14.62B JPY14.48B JPY13.53B JPY13.3B JPY
Cost of goods sold9.95B JPY10.4B JPY10.16B JPY9.18B JPY8.8B JPY
Gross profit4.74B JPY4.22B JPY4.32B JPY4.35B JPY4.5B JPY
Research and development137.39M JPY141.27M JPY179.65M JPY185.24M JPY
Selling, general, and administrative4.13B JPY3.86B JPY4.02B JPY3.74B JPY3.66B JPY
Operating expenses4.13B JPY4B JPY4.16B JPY3.92B JPY3.85B JPY
Interest income244K JPY132K JPY110K JPY150K JPY902K JPY
Interest expense63.38M JPY53.25M JPY33.22M JPY15.96M JPY3.73M JPY
Depreciation and amortization1.15B JPY1.14B JPY931.67M JPY743.08M JPY709.09M JPY
Operating income614M JPY223.07M JPY163.82M JPY430.9M JPY651.64M JPY
Net income2.44B JPY623.68M JPY145.41M JPY595.78M JPY716.87M JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
47.69

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates145.3699.6453.918.19Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 25, 2024: actual 12.73, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 24, 2025: actual 23.56, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 15, 2025: actual 9.63, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 25, 2025: actual 135.31, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 24, 2025: actual 24.26, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 23, 2026: actual 20.15, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 15, 2026: actual 10.49, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 24, 2026: actual 47.69, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates4.02B3.78B3.53B3.28BQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 25, 2024: actual 3.68B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 24, 2025: actual 3.87B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 15, 2025: actual 3.44B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 25, 2025: actual 3.7B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 24, 2025: actual 3.68B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 23, 2026: actual 3.86B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 15, 2026: actual 3.46B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 24, 2026: actual 3.73B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Stock split

Effective Jul 30, 2019

2:1

Stock split

Effective Sep 28, 2016

1:10

Stock split

Effective Jul 5, 2007

9:1

2804.T peers

ETFs holding 2804.T

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

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