1. Japan Stocks

  2. •

    Consumer Defensive

  3. •

    Food Distribution
Kuze Co., Ltd.

Kuze Co., Ltd.

2708.T
Kuze Co., Ltd.JP flagTokyo Stock Exchange
1,993.00
JPY
-16.00
- -
9.22BMarket Cap
Kuze Co., Ltd.
2708.T
(Tokyo Stock Exchange)

Recent

price

1,993.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
12,058.28
13,161.48
14,452.1
16,052.55
17,579.11
17,353.13
16,227.1
16,983.99
17,832.68
17,387.02
10,226.99
11,847.2
12,278.05
13,937.69
14,821.42
- -
7,117.6
Revenue per Share
20.79
44.82
94.86
25.78
-106.21
125.26
128.35
112.12
56.47
-78.35
-502.79
-196.41
180.93
434.08
379.14
- -
166.22
Basic EPS, GAAP
116.2
335.3
160.8
-374.58
-15.73
276.59
93.56
408.49
69.97
-420.38
-925.06
-108.34
343.16
578.7
73.49
- -
- -
Free Cash Flow per Basic Share
12.03
11.97
11.87
11.6
11.86
12.14
11.86
12.16
11.62
12.16
5.94
- -
- -
11.89
41.72
- -
- -
Dividend per Share
932.82
965.65
1,048.39
1,062.13
945.87
1,060.92
1,119.58
1,329.49
1,374.07
1,283.57
774.85
576.54
601.07
1,019.7
1,356.81
- -
1,171.35
Book Value per Share
972.43
1,047.1
1,162.87
1,203.14
1,145.4
1,234.22
1,346.24
1,515.36
1,547.79
1,312.75
816.18
651.11
913.13
1,390.66
1,665.05
- -
1,517.42
Tangible Book Value per Share
4
4
4
4
4
4
4
4
4
4
4
4
5
5
5
- -
5
Basic Weighted Avg Shares
46,775
51,054
56,060
62,268
68,189
67,193
61,570
62,865
66,006
64,356
37,854
43,851
56,460
64,474
68,568
73,503
32,928
Sales/Revenue/Turnover
4.16
4.23
4.72
3.85
3.45
4.37
0.93
0.69
0.35
-0.08
-6.16
-2.07
1.5
2.89
2.7
3
2.91
Operating Margin (%)
199
178
186
205
450
229
230
239
293
323
381
361
358
353
415
381
- -
Depreciation Expense
81
174
368
100
-412
485
487
415
209
-290
-1,861
-727
832
2,008
1,754
1,758
769
Net Income, GAAP
71.56
62.4
44.34
52.13
- -
26.96
26.55
27.27
46
- -
- -
- -
6.31
1.52
31.95
26.34
25.92
Effective Tax Rate (%)
0.17
0.34
0.66
0.16
-0.6
0.72
0.79
0.66
0.32
-0.45
-4.92
-1.66
1.47
3.11
2.56
2.39
2.34
Profit Margin (%)
2,147
1,989
2,471
2,314
1,618
2,264
2,126
2,092
1,694
1,273
321
882
2,355
3,913
2,460
4,010
1,987
Working Capital
931
1,141
1,154
1,249
1,232
1,467
1,260
1,491
1,278
1,207
2,056
3,020
3,204
3,464
775
1,050
950
LT Debt
3,905
4,174
4,596
4,792
4,611
4,914
5,270
6,048
6,163
5,335
3,496
2,777
4,443
6,665
7,917
9,663
7,244
Total Equity
10.12
14.01
22.57
16.27
- -
28.08
5.29
3.74
1.39
- -
- -
- -
8.38
17.43
11.5
14.61
7.04
Return on Invested Capital (%)
1.74
3.44
6.51
1.73
- -
7.61
7.35
5.95
2.76
- -
- -
- -
10.93
24.38
20.5
20.18
9.81
Return on Capital (%)
2.24
4.72
9.42
2.44
-10.58
12.47
11.66
9.05
4.18
-5.9
-48.85
-29.07
33.97
53.68
31.91
24.9
16.42
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
1,097
- -
1,343
LT Borrowings
3,464
- -
950
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5
- -
5
Market Capitalization
10,549
7,069
7,499

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
17,924
- -
15,203
Cash, Cash Equivalents & STI
6,506
- -
4,070
Accounts Receivable, Net
7,444
- -
6,883
Inventories
3,307
- -
3,755
Total Current Liabilities
14,011
- -
13,216
Payables & Accruals
- -
- -
- -
ST Debt
1,097
- -
1,343
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.63%
26.05%
22.05%
Free Cash Flow
-86.1%
-91.3%
142.94%
Net Income, GAAP
9.25%
-29.29%
0.23%
Sales/Revenue/Turnover
2.74%
14.47%
7.2%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
15,483
16,063
17,518
15,410
64,474
2025
- -
- -
- -
- -
68,568
2026
- -
- -
- -
- -
73,503

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
132.77
- -
- -
- -
434.08
2025
- -
- -
- -
- -
379.14
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
11.89
2025
- -
- -
- -
- -
41.72
2026
- -
- -
- -
- -
- -
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Business
Kuze Co., Ltd. (2708.T) engages primarily in the wholesale distribution of food products and materials to the food service industry in Japan and internationally. The company offers an extensive range of commercial ingredients under its Kuze brand, including dressing bases, Italian prosciutto slices, crispy sheep intestine pork wieners, beer germanwurst, specialty breads such as pan au specialty, pain au segle and pan aux noiresans, rolled eggs, grated radishes, smoked salmon slices, scrambled eggs, sauces, pork cutlets, kinpei burdock, potato salad, pate de campagne, beef steak slices, beef burger patties, beef hamburgers, radish and bamboo shoots, boiled radish and carrot soup stock, extra virgin olive oil, tempura flour, hakata mentaiko barako, fried chicken thighs, wheat fragrant baguettes, shredded cheese, white miso, oil-free Japanese ginger dressing and grated onion dressing; Dolceze brand desserts and bakery items such as chiffon cakes, baked cakes, pound chocolate, danjou, shortcakes, roll cakes, mousses, mousse cakes, sponge sheets, ice creams, beans, whipping creams, coffee powder and rice flour; and non-food supplies including commercial wraps, paper towels, cooking sheets and papers, aluminum foil, alcohol spray bottles, neutral detergents, sterilizers/bleaches, liquid detergents, dishwasher rinses and hand soaps. It also provides processed foods like sauces, bouillons, soups and pre-cooked items through subsidiaries including Kisco Foods Co., Ltd., Kisco Foods International Limited, Kuze Fresh One Co., Ltd. for fresh vegetables, Kuze (Hong Kong) Co., Limited, Kuze (Chengdu) Trading Co., Ltd. and Asahi Suisan Co., Ltd. for fishery products brokerage; the company proposes menus and distributes via catalog sales to hotels, halls, restaurants, pubs, fast food outlets, catering services, delicatessens, side dish providers and in-flight meal services. Founded in 1934 and headquartered in Toshima-ku, Tokyo, Kuze operates distribution centers and sales offices across Japan with international presence in Hong Kong, China and New Zealand. In a significant recent development, the company agreed in August 2025 to acquire the commercial food wholesale business from Saito Shogyo K.K., effective September 1, 2025, with transaction completion expected by October 1, 2025, alongside exchanging 10% of its shares in Kuze Chiiki Company Co., Ltd. for renaming adjustments involving Saito Shogyo.