Natori Co., Ltd. logo

Natori Co., Ltd.

2922.T

JPXConsumer DefensivePackaged Foods

Latest quote

¥2,015

+¥9.00 · +0.45%

Aug 24, 2:34 PM JSTData delayed

2922.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Natori Co., Ltd. is a Japanese enterprise primarily involved in the production and distribution of snack foods. Its diverse product portfolio encompasses seafood-based snacks, various meat products, cheese-flavored treats, agricultural items, fried delicacies, confectionery ingredients, cold snacks, and a range of other offerings. Established in 1937, the company maintains its corporate headquarters in Tokyo, Japan.

Industry
Packaged Foods
Sector
Consumer Defensive
Headquarters
JP
CEO
Saburo Natori
Listed since
Sep 17, 2001
Employees
815

Market position

Day range

Current ¥2,015

52-week range

Current ¥2,015

Open
¥2,010
Previous close
¥2,006
Volume
15.9K
0.84× average
Average volume
19.04K
Average daily volume
Market cap
25.35B JPY
Beta
0.12
Market reference 1
50-day average
¥1,959.76
+2.82% above average
200-day average
¥1,922.04
+4.84% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
24.38B JPY
P/E (TTM)
12.98×
P/B (TTM)
0.9×
P/S (TTM)
0.52×
EV / EBITDA
8.09×
Earnings yield
5.58%
Free cash flow yield
5.42%
Dividend yield
1.29%

Profitability & efficiency

Gross margin
23.31%
Operating margin
5.84%
Net margin
4.04%
Return on equity
4.85%
Return on assets
3.15%
Return on invested capital
3.77%

Financial health

Debt / equity
0.13×
Current ratio
1.9×
Altman Z-score
3.44
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 trends25%16%8%-1%Gross margin, FY2021: 23.18%Gross margin, FY2022: 18.56%Gross margin, FY2023: 21.33%Gross margin, FY2024: 21.09%Gross margin, FY2025: 21.30%Operating margin, FY2021: 5.04%Operating margin, FY2022: 1.38%Operating margin, FY2023: 4.47%Operating margin, FY2024: 4.03%Operating margin, FY2025: 3.89%Net margin, FY2021: 3.45%Net margin, FY2022: 0.90%Net margin, FY2023: 2.94%Net margin, FY2024: 2.77%Net margin, FY2025: 2.76%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 23.18%. Gross margin FY2022 18.56%. Gross margin FY2023 21.33%. Gross margin FY2024 21.09%. Gross margin FY2025 21.30%. Operating margin FY2021 5.04%. Operating margin FY2022 1.38%. Operating margin FY2023 4.47%. Operating margin FY2024 4.03%. Operating margin FY2025 3.89%. Net margin FY2021 3.45%. Net margin FY2022 0.90%. Net margin FY2023 2.94%. Net margin FY2024 2.77%. Net margin FY2025 2.76%.

Income trends

Revenue

48.58B JPY-0.63%

Operating income

1.89B JPY-3.97%

Net income

1.34B JPY-0.70%
Income trends across reported periods53.74B JPY34.35B JPY14.95B JPY−4.44B JPYRevenue, FY2021: 45.09B JPYRevenue, FY2022: 45.09B JPYRevenue, FY2023: 47.58B JPYRevenue, FY2024: 48.89B JPYRevenue, FY2025: 48.58B JPYOperating income, FY2021: 2.27B JPYOperating income, FY2022: 622.24M JPYOperating income, FY2023: 2.13B JPYOperating income, FY2024: 1.97B JPYOperating income, FY2025: 1.89B JPYNet income, FY2021: 1.56B JPYNet income, FY2022: 407.49M JPYNet income, FY2023: 1.4B JPYNet income, FY2024: 1.35B JPYNet income, FY2025: 1.34B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 45.09B JPY. Revenue FY2022 45.09B JPY. Revenue FY2023 47.58B JPY. Revenue FY2024 48.89B JPY. Revenue FY2025 48.58B JPY. Operating income FY2021 2.27B JPY. Operating income FY2022 622.24M JPY. Operating income FY2023 2.13B JPY. Operating income FY2024 1.97B JPY. Operating income FY2025 1.89B JPY. Net income FY2021 1.56B JPY. Net income FY2022 407.49M JPY. Net income FY2023 1.4B JPY. Net income FY2024 1.35B JPY. Net income FY2025 1.34B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue48.58B JPY48.89B JPY47.58B JPY45.09B JPY45.09B JPY
Cost of goods sold38.23B JPY38.58B JPY37.43B JPY36.73B JPY34.64B JPY
Gross profit10.35B JPY10.31B JPY10.15B JPY8.37B JPY10.45B JPY
Research and development702.64M JPY666.45M JPY628.85M JPY649.77M JPY
Selling, general, and administrative8.46B JPY7.64B JPY7.36B JPY7.12B JPY7.53B JPY
Operating expenses8.46B JPY8.34B JPY8.02B JPY7.75B JPY8.18B JPY
Interest income933K JPY179K JPY8K JPY8K JPY9K JPY
Interest expense54.15M JPY35.61M JPY34.2M JPY38.32M JPY41.67M JPY
Depreciation and amortization1.12B JPY1.21B JPY1.38B JPY1.63B JPY1.7B JPY
Operating income1.89B JPY1.97B JPY2.13B JPY622.24M JPY2.27B JPY
Net income1.34B JPY1.35B JPY1.4B JPY407.49M JPY1.56B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
47.3

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates90.9852.5914.21-24.18Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 6, 2024: actual 25.41, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 5, 2025: actual 69.18, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 9, 2025: actual -16.24, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 6, 2025: actual -1.19, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 12, 2025: actual 15.84, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 4, 2026: actual 83.04, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 13, 2026: actual 9.01, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 5, 2026: actual 47.3, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates14.73B13.2B11.67B10.13BQ1 '25BeatQ2 '25No estimateQ3 '25No estimateQ4 '25No estimateQ1 '26No estimateQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 5, 2025: actual 14.11B JPY, estimate 12.2B JPY, surprise +15.73%, Beat. Q2 2025, reported May 9, 2025: actual 10.83B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 6, 2025: actual 12.06B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 12, 2025: actual 11.66B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 4, 2026: actual 14.16B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 13, 2026: actual 10.7B JPY, estimate 10.92B JPY, surprise -1.98%, Miss. Q3 2026, reported Aug 5, 2026: actual 11.85B JPY, estimate 12.2B JPY, surprise -2.85%, Miss. Q4 2026, reported Nov 11, 2026: actual —, estimate 11.7B JPY, surprise —, Comparison unavailable.

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