1. Japan Stocks

  2. •

    Consumer Defensive

  3. •

    Packaged Foods
S&B Foods Inc.

S&B Foods Inc.

2805.T
S&B Foods Inc.JP flagTokyo Stock Exchange
5,360.00
JPY
-60.00
- -
129.58BMarket Cap
S&B Foods Inc.
2805.T
(Tokyo Stock Exchange)

Recent

price

5,170.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
4,470.66
4,553.89
4,581.79
4,513.93
4,463.42
4,429.56
4,969.66
5,311.47
5,605.7
5,714.96
4,432.2
4,498.23
4,666.22
4,912.16
5,232.13
5,111.26
2,619.54
Revenue per Share
78.48
44.88
46.62
62.12
73.95
72.4
62.33
105.72
152.98
169.96
215.94
261.89
246.07
166.11
277.94
313.04
178.28
Basic EPS, GAAP
58.8
61.74
66.33
91.89
158.16
-62.41
-39.6
181.17
-24.49
-63.58
15.94
173.82
113.37
-181.34
105.19
220.18
- -
Free Cash Flow per Basic Share
14.98
17.5
17.52
17.53
17.5
17.7
17.69
17.72
18.7
20
20.94
21.97
24.59
26.14
28.97
35.96
- -
Dividend per Share
889.51
917.7
947.79
993.16
1,060.74
1,116.93
1,078.23
1,200.78
1,362.33
1,512.64
1,707.6
1,949.61
2,129.97
2,335.3
2,622.42
2,901.98
2,757.21
Book Value per Share
906.1
947.38
990.41
1,065.11
1,114.38
1,200.86
1,274.37
1,388.81
1,558.15
1,684.02
1,842.32
2,137.09
2,339.16
2,539.77
2,983.04
3,292.69
3,083.46
Tangible Book Value per Share
28
28
28
28
28
28
27
26
25
25
25
25
25
25
24
24
24
Basic Weighted Avg Shares
124,474
126,722
127,381
125,415
123,976
121,866
133,147
137,907
142,396
145,160
112,578
114,255
118,046
120,651
126,443
123,520
63,286
Sales/Revenue/Turnover
12.45
12.56
3.28
2.88
3.57
3.31
2.87
3.89
4.49
4.93
6.43
8.27
7.3
4.48
6.15
7.65
7.12
Operating Margin (%)
2,964
2,742
2,688
2,715
2,588
2,622
3,204
3,216
3,262
3,442
3,809
4,684
4,649
4,660
4,336
3,672
- -
Depreciation Expense
2,185
1,249
1,296
1,726
2,054
1,992
1,670
2,745
3,886
4,317
5,485
6,652
6,225
4,080
6,717
7,565
4,307
Net Income, GAAP
40.83
58.01
64.16
46.48
46.53
47.55
60.95
37.84
36.96
19.71
24.02
28.38
27.63
25.93
16.6
21.98
8.52
Effective Tax Rate (%)
1.76
0.99
1.02
1.38
1.66
1.63
1.25
1.99
2.73
2.97
4.87
5.82
5.27
3.38
5.31
6.12
6.81
Profit Margin (%)
6,968
10,639
12,331
9,763
9,230
11,230
12,815
11,407
12,108
15,581
18,447
25,980
26,738
27,940
36,320
44,701
39,243
Working Capital
13,742
14,485
13,713
9,181
10,626
14,309
14,801
13,073
9,243
10,042
17,153
17,235
15,081
12,516
11,365
12,000
10,506
LT Debt
25,820
26,916
28,118
30,215
31,485
33,549
34,702
36,667
40,271
43,621
47,679
55,136
59,901
62,925
72,691
80,266
75,088
Total Equity
14.46
10.45
2.31
2.92
3.52
3.08
2.09
4.56
5.57
7.86
6.9
7.69
6.7
4.22
6.56
7.23
4.04
Return on Invested Capital (%)
4.22
2.48
2.45
3.28
3.73
3.51
2.85
4.66
6.48
7.05
7.9
8.6
7.66
5
7.83
8.64
4.86
Return on Capital (%)
9.16
4.97
5
6.4
7.2
6.62
5.6
9.14
11.81
11.82
13.41
14.32
12.04
7.34
11.13
11.33
6.83
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
16,723
- -
14,646
LT Borrowings
11,034
- -
10,506
LT Finance Leases
331
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
24
- -
24
Market Capitalization
53,290
54,841
60,217

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
85,076
- -
83,594
Cash, Cash Equivalents & STI
22,082
- -
21,157
Accounts Receivable, Net
34,406
- -
31,880
Inventories
27,534
- -
29,438
Total Current Liabilities
48,756
- -
44,351
Payables & Accruals
- -
- -
- -
ST Debt
16,723
- -
14,646
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.18%
11.05%
10.42%
Free Cash Flow
-0.82%
130.41%
109.32%
Net Income, GAAP
18.56%
11.53%
12.62%
Sales/Revenue/Turnover
0.51%
1.9%
-2.31%
Total Cash Common Dividend
6.21%
10.55%
24.14%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
31,955
31,202
34,760
28,526
126,443
2025
- -
- -
- -
- -
123,520
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
61.86
- -
- -
- -
277.94
2025
- -
- -
- -
- -
313.04
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
28.97
2025
- -
- -
- -
- -
35.96
2026
- -
- -
- -
- -
- -
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Business
S&B Foods Inc. is a Japan-based company primarily engaged in the manufacture, processing, and distribution of food products. Founded in 1923 and headquartered in Tokyo, the company specializes in spices and herbs, instant foods, spicy seasonings, and prepared foods. Its core product portfolio includes Japanese curry mixes such as the widely recognized Golden Curry, wasabi paste, Japanese spices, seasoning mixes, retort pouch curry, pasta sauces, and oden mix. S&B Foods markets these products under multiple brands, including S&B, MAGIC SALT, MEISTER’S SPICE, GOLDEN CURRY, and others. The company operates manufacturing facilities across Japan, including locations in Nagano, Saitama, and Miyagi prefectures, and maintains a nationwide sales network. Recent major developments include expansions in product offerings focusing on convenience foods and seasoning innovations catering to both retail and food service sectors. In the last two years, S&B has emphasized extending its presence in the global wasabi market and enhancing its Japanese curry product lines. It has also increased focus on product diversification with new launches in spicy seasoning categories and further brand development. The company maintains a strong footprint in Japan, with strategic partnerships and distribution channels supporting its expansion into international markets. As one of the pioneers in packaged curry powder in Japan, S&B Foods combines tradition with innovation in food manufacturing, addressing both domestic and international customer bases with its range of culinary products. It continues to leverage its heritage since 1923 while adapting to modern consumer trends in ready-made and processed food products. The company’s leadership includes President Kazuya Ikemura, and it maintains offices and production centers strategically placed within Japan to support nationwide operations.