GoAI
Get started
Pickles Holdings Co.,Ltd. logo

Pickles Holdings Co.,Ltd.

2935.T

JPXConsumer DefensivePackaged Foods

Open in GoAI

Latest quote

¥1,177

−¥3.00 · -0.25%

Aug 24, 3:30 PM JST

2935.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Pickles Holdings Co.,Ltd., through its subsidiaries, manufactures and sells pickled vegetables and side dishes in Japan. It also engages in the restaurant and retail business; and agricultural business. The company was founded in 1977 and is headquartered in Tokorozawa, Japan.

Industry
Packaged Foods
Sector
Consumer Defensive
Headquarters
JP
CEO
Naoji Kageyama
Listed since
Sep 1, 2022
Employees
411

Market position

Day range

Current ¥1,177

52-week range

Current ¥1,177

Open
¥1,180
Previous close
¥1,180
Volume
17.9K
0.65× average
Average volume
27.52K
Average daily volume
Market cap
14.75B JPY
Beta
0.51
Market reference 1
50-day average
¥1,140.6
+3.19% above average
200-day average
¥1,187.03
-0.84% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
10.29×
P/B (TTM)
0.73×
P/S (TTM)
0.37×
Dividend yield
2.46%

Profitability & efficiency

Gross margin
22.17%
Operating margin
5.36%
Net margin
3.54%

Financial health

Debt / equity
0.17×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends30%20%10%-0%Gross margin, FY2021: 27.12%Gross margin, FY2022: 21.03%Gross margin, FY2023: 20.08%Gross margin, FY2024: 19.50%Gross margin, FY2025: 21.51%Operating margin, FY2021: 6.54%Operating margin, FY2022: 3.75%Operating margin, FY2023: 3.88%Operating margin, FY2024: 3.08%Operating margin, FY2025: 5.10%Net margin, FY2021: 4.73%Net margin, FY2022: 2.77%Net margin, FY2023: 2.73%Net margin, FY2024: 2.31%Net margin, FY2025: 3.38%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 27.12%. Gross margin FY2022 21.03%. Gross margin FY2023 20.08%. Gross margin FY2024 19.50%. Gross margin FY2025 21.51%. Operating margin FY2021 6.54%. Operating margin FY2022 3.75%. Operating margin FY2023 3.88%. Operating margin FY2024 3.08%. Operating margin FY2025 5.10%. Net margin FY2021 4.73%. Net margin FY2022 2.77%. Net margin FY2023 2.73%. Net margin FY2024 2.31%. Net margin FY2025 3.38%.

Income trends

Revenue

40.92B JPY-1.43%

Operating income

2.09B JPY+62.97%

Net income

1.38B JPY+44.36%
Income trends across reported periods49.41B JPY31.79B JPY14.17B JPY−3.45B JPYRevenue, FY2021: 45.01B JPYRevenue, FY2022: 41.05B JPYRevenue, FY2023: 43.03B JPYRevenue, FY2024: 41.52B JPYRevenue, FY2025: 40.92B JPYOperating income, FY2021: 2.94B JPYOperating income, FY2022: 1.54B JPYOperating income, FY2023: 1.67B JPYOperating income, FY2024: 1.28B JPYOperating income, FY2025: 2.09B JPYNet income, FY2021: 2.13B JPYNet income, FY2022: 1.14B JPYNet income, FY2023: 1.18B JPYNet income, FY2024: 958M JPYNet income, FY2025: 1.38B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 45.01B JPY. Revenue FY2022 41.05B JPY. Revenue FY2023 43.03B JPY. Revenue FY2024 41.52B JPY. Revenue FY2025 40.92B JPY. Operating income FY2021 2.94B JPY. Operating income FY2022 1.54B JPY. Operating income FY2023 1.67B JPY. Operating income FY2024 1.28B JPY. Operating income FY2025 2.09B JPY. Net income FY2021 2.13B JPY. Net income FY2022 1.14B JPY. Net income FY2023 1.18B JPY. Net income FY2024 958M JPY. Net income FY2025 1.38B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue40.92B JPY41.52B JPY43.03B JPY41.05B JPY45.01B JPY
Cost of goods sold32.12B JPY33.42B JPY34.39B JPY32.42B JPY32.8B JPY
Gross profit8.8B JPY8.1B JPY8.64B JPY8.63B JPY12.2B JPY
Research and development223M JPY—281M JPY339M JPY325M JPY
Selling, general, and administrative6.72B JPY6.82B JPY6.71B JPY6.82B JPY9.26B JPY
Operating expenses6.72B JPY6.82B JPY6.97B JPY7.09B JPY9.26B JPY
Interest income5M JPY2M JPY——1M JPY
Interest expense22M JPY13M JPY6M JPY5M JPY7M JPY
Depreciation and amortization1.24B JPY1.1B JPY1.02B JPY1.04B JPY1.06B JPY
Operating income2.09B JPY1.28B JPY1.67B JPY1.54B JPY2.94B JPY
Net income1.38B JPY958M JPY1.18B JPY1.14B JPY2.13B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
37.82

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates56.5338.5320.532.53Q3 '24Q4 '24Q2 '25Q2 '25Q3 '25Q4 '25Q2 '26Q2 '26
Q3 2024, reported Sep 30, 2024: actual 35.06, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Dec 27, 2024: actual 9.89, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 14, 2025: actual 2.98, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 30, 2025: actual 34.09, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 31, 2025: actual 52.56, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Dec 29, 2025: actual 12.17, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 14, 2026: actual 10.2, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Jun 30, 2026: actual 37.82, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates11.73B10.71B9.68B8.65BQ4 '24MissQ2 '25MissQ2 '25No estimateQ3 '25No estimateQ4 '25No estimateQ2 '26MissQ2 '26MissQ4 '26Estimate
Q4 2024, reported Dec 27, 2024: actual 10.08B JPY, estimate 10.24B JPY, surprise -1.52%, Miss. Q2 2025, reported Apr 14, 2025: actual 9.74B JPY, estimate 10.24B JPY, surprise -4.88%, Miss. Q2 2025, reported Jun 30, 2025: actual 11.04B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 31, 2025: actual 11.28B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Dec 29, 2025: actual 9.5B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 14, 2026: actual 9.1B JPY, estimate 9.53B JPY, surprise -4.48%, Miss. Q2 2026, reported Jun 30, 2026: actual 10.5B JPY, estimate 10.8B JPY, surprise -2.80%, Miss. Q4 2026, reported Oct 6, 2026: actual —, estimate 11B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

¥29.00

2025 complete year-19.4% since 2024

2026 partial: ¥14.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Aug 28, 2026

¥15.00

Semi-Annual

Record Aug 31, 2026 · Payment Aug 28, 2026

DividendUpcoming

Ex-dividend Feb 25, 2027

¥14.00

Semi-Annual

Record Feb 28, 2027 · Payment Feb 25, 2027

Dividend

Ex-dividend Feb 26, 2026

¥14.00

Semi-Annual

Record Feb 28, 2026 · Payment May 12, 2026

Dividend

Ex-dividend Aug 28, 2025

¥15.00

Semi-Annual

Record Aug 31, 2025 · Payment Nov 6, 2025

Dividend

Ex-dividend Feb 27, 2025

¥14.00

Semi-Annual

Record Feb 28, 2025 · Payment May 12, 2025

Dividend

Ex-dividend Aug 29, 2024

¥12.00

Semi-Annual

Record Aug 31, 2024

2935.T peers

Japan Tobacco Inc. logo

2914.T

Japan Tobacco Inc.

¥6,890

-1.29%

Ajinomoto Co., Inc. logo

2802.T

Ajinomoto Co., Inc.

¥5,370

-0.48%

Seven & i Holdings Co., Ltd. logo

3382.T

Seven & i Holdings Co., Ltd.

¥2,045

+0.71%

Kao Corporation logo

4452.T

Kao Corporation

¥3,567

+0.31%

Asahi Group Holdings, Ltd. logo

2502.T

Asahi Group Holdings, Ltd.

¥1,672

-0.51%

Kirin Holdings Company, Limited logo

2503.T

Kirin Holdings Company, Limited

¥3,053

+0.49%

ETFs holding 2935.T

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

iShares Core TOPIX ETF logoiShares Core TOPIX ETF1475.T
Market value
27.38M
Weight
0.00%
AUM
2.89T JPY
Expense ratio
0.05%
Price / 1D
¥417.7-0.07%
Dimensional - International Core Equity 2 ETF logoDimensional - International Core Equity 2 ETFDFIC
Market value
93.53K
Weight
0.00%
AUM
15.43B USD
Expense ratio
0.22%
Price / 1D
$39.345-0.16%
Dimensional - International Small Cap ETF logoDimensional - International Small Cap ETFDFIS
Market value
50.48K
Weight
0.00%
AUM
5.91B USD
Expense ratio
0.39%
Price / 1D
$37.49-0.15%
Dimensional - International Core Equity Market ETF logoDimensional - International Core Equity Market ETFDFAI
Market value
45.28K
Weight
0.00%
AUM
18.23B USD
Expense ratio
0.18%
Price / 1D
$43.275-0.17%
Dimensional World ex U.S. Core Equity 2 ETF logoDimensional World ex U.S. Core Equity 2 ETFDFAX
Market value
43.8K
Weight
0.00%
AUM
12.57B USD
Expense ratio
0.28%
Price / 1D
$37.97-0.50%

Continue in GoAI

Research 2935.T

research.disclaimer