Kewpie Corporation logo

Kewpie Corporation

2809.T

JPXConsumer DefensivePackaged Foods

Latest quote

¥4,805

+¥26.00 · +0.54%

Aug 24, 1:22 PM JST

2809.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Operating both within Japan and globally, Kewpie Corporation, alongside its various subsidiaries, is a diversified entity involved in the production, distribution, logistics, and storage of food items. Its extensive product range features prominent condiments like mayonnaise, dressings, and vinegar. The company is also a significant provider of egg-based goods, encompassing liquid, frozen, and dried eggs, as well as egg spreads and hearty omelets. Furthermore, Kewpie supplies delicatessen items, including various salads and pre-packaged deli meals. Beyond these, its portfolio includes processed foods in bottles and cans, such as jams, fruit preserves, pasta sauces, baby food, and specialized nutritional meals for healthcare. The corporation also ventures into fine chemicals, notably hyaluronic acid. Adding to its diverse operations, Kewpie cultivates and distributes fresh vegetables, offers dried meats, and trades in machinery and equipment. It handles outsourced administrative tasks, provides car-related equipment, and manages a mail-order service. The company's services extend to advertising, public relations, event management, and financial and business consulting. Established in 1919, Kewpie Corporation maintains its headquarters in Tokyo, Japan.

Industry
Packaged Foods
Sector
Consumer Defensive
Headquarters
JP
CEO
Amane Nakashima
Listed since
Jan 1, 2001
Employees
10,773

Market position

Day range

Current ¥4,805

52-week range

Current ¥4,805

Open
¥4,785
Previous close
¥4,779
Volume
78.7K
0.18× average
Average volume
430.03K
Average daily volume
Market cap
655.16B JPY
Beta
0.05
Market reference 1
50-day average
¥4,468.02
+7.54% above average
200-day average
¥4,302.92
+11.67% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
557.53B JPY
P/E (TTM)
26.57×
P/B (TTM)
2.03×
P/S (TTM)
1.25×
EV / EBITDA
8.44×
Earnings yield
5.10%
Free cash flow yield
2.71%
Dividend yield
1.33%

Profitability & efficiency

Gross margin
30.01%
Operating margin
7.36%
Net margin
4.76%
Return on equity
9.41%
Return on assets
6.35%
Return on invested capital
6.25%

Financial health

Debt / equity
0.08×
Current ratio
1.94×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends33%22%11%0%Gross margin, FY2021: 29.96%Gross margin, FY2022: 28.27%Gross margin, FY2023: 26.24%Gross margin, FY2024: 29.76%Gross margin, FY2025: 28.63%Operating margin, FY2021: 6.87%Operating margin, FY2022: 5.91%Operating margin, FY2023: 4.28%Operating margin, FY2024: 7.05%Operating margin, FY2025: 6.72%Net margin, FY2021: 4.43%Net margin, FY2022: 3.73%Net margin, FY2023: 2.89%Net margin, FY2024: 4.43%Net margin, FY2025: 5.94%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 29.96%. Gross margin FY2022 28.27%. Gross margin FY2023 26.24%. Gross margin FY2024 29.76%. Gross margin FY2025 28.63%. Operating margin FY2021 6.87%. Operating margin FY2022 5.91%. Operating margin FY2023 4.28%. Operating margin FY2024 7.05%. Operating margin FY2025 6.72%. Net margin FY2021 4.43%. Net margin FY2022 3.73%. Net margin FY2023 2.89%. Net margin FY2024 4.43%. Net margin FY2025 5.94%.

Income trends

Revenue

513.42B JPY+6.08%

Operating income

34.5B JPY+1.09%

Net income

30.51B JPY+42.42%
Income trends across reported periods563.44B JPY363.34B JPY163.25B JPY−36.85B JPYRevenue, FY2021: 407.04B JPYRevenue, FY2022: 430.3B JPYRevenue, FY2023: 455.09B JPYRevenue, FY2024: 483.99B JPYRevenue, FY2025: 513.42B JPYOperating income, FY2021: 27.97B JPYOperating income, FY2022: 25.44B JPYOperating income, FY2023: 19.49B JPYOperating income, FY2024: 34.12B JPYOperating income, FY2025: 34.5B JPYNet income, FY2021: 18.01B JPYNet income, FY2022: 16.03B JPYNet income, FY2023: 13.17B JPYNet income, FY2024: 21.42B JPYNet income, FY2025: 30.51B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 407.04B JPY. Revenue FY2022 430.3B JPY. Revenue FY2023 455.09B JPY. Revenue FY2024 483.99B JPY. Revenue FY2025 513.42B JPY. Operating income FY2021 27.97B JPY. Operating income FY2022 25.44B JPY. Operating income FY2023 19.49B JPY. Operating income FY2024 34.12B JPY. Operating income FY2025 34.5B JPY. Net income FY2021 18.01B JPY. Net income FY2022 16.03B JPY. Net income FY2023 13.17B JPY. Net income FY2024 21.42B JPY. Net income FY2025 30.51B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue513.42B JPY483.99B JPY455.09B JPY430.3B JPY407.04B JPY
Cost of goods sold366.45B JPY339.95B JPY335.69B JPY308.66B JPY285.08B JPY
Gross profit146.97B JPY144.04B JPY119.39B JPY121.64B JPY121.96B JPY
Research and development3.82B JPY3.87B JPY3.96B JPY3.91B JPY4.03B JPY
Selling, general, and administrative108.66B JPY106.05B JPY95.95B JPY92.29B JPY89.96B JPY
Operating expenses112.47B JPY109.91B JPY99.9B JPY96.21B JPY93.99B JPY
Interest income646M JPY686M JPY534M JPY253M JPY122M JPY
Interest expense265M JPY295M JPY393M JPY255M JPY241M JPY
Depreciation and amortization18.3B JPY17.72B JPY17.12B JPY16.25B JPY15.53B JPY
Operating income34.5B JPY34.12B JPY19.49B JPY25.44B JPY27.97B JPY
Net income30.51B JPY21.42B JPY13.17B JPY16.03B JPY18.01B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 6 misses, 0 met estimates
Average EPS surprise
+48.41%
11 comparable reports
Latest EPS result
56.99
Estimate 37.29 · Beat by 52.83%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates110.0476.7543.4610.17Q1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 8, 2025: actual 11.97, estimate 16.6, surprise -27.89%, Miss. Q2 2025, reported Apr 3, 2025: actual 88.74, estimate 102.78, surprise -13.66%, Miss. Q3 2025, reported Jul 3, 2025: actual 43.35, estimate 46.57, surprise -6.91%, Miss. Q4 2025, reported Oct 1, 2025: actual 53.69, estimate 63.57, surprise -15.54%, Miss. Q1 2026, reported Jan 14, 2026: actual 32.73, estimate 38.95, surprise -15.97%, Miss. Q2 2026, reported Apr 9, 2026: actual 38.96, estimate 49.13, surprise -20.70%, Miss. Q3 2026, reported Jul 9, 2026: actual 56.99, estimate 37.29, surprise +52.83%, Beat. Q4 2026, reported Oct 1, 2026: actual —, estimate 45.14, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates144.88B132.71B120.54B108.37BQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 8, 2025: actual 123.07B JPY, estimate 126.54B JPY, surprise -2.74%, Miss. Q2 2025, reported Apr 3, 2025: actual 120.04B JPY, estimate 113.94B JPY, surprise +5.35%, Beat. Q3 2025, reported Jul 3, 2025: actual 131.81B JPY, estimate 126.85B JPY, surprise +3.91%, Beat. Q4 2025, reported Oct 1, 2025: actual 131.57B JPY, estimate 132.64B JPY, surprise -0.81%, Miss. Q1 2026, reported Jan 14, 2026: actual 129.99B JPY, estimate 130.99B JPY, surprise -0.76%, Miss. Q2 2026, reported Apr 9, 2026: actual 124.7B JPY, estimate 123.7B JPY, surprise +0.81%, Beat. Q3 2026, reported Jul 9, 2026: actual 139.31B JPY, estimate 136.87B JPY, surprise +1.79%, Beat. Q4 2026, reported Oct 1, 2026: actual —, estimate 136.67B JPY, surprise —, Comparison unavailable.

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