1. Japan Stocks

  2. •

    Consumer Defensive

  3. •

    Packaged Foods
Calbee, Inc.

Calbee, Inc.

CBCFF
Calbee, Inc.US flagOther OTC
23.00
USD
- -
- -
2.80BMarket Cap
Calbee, Inc.
CBCFF
(Other OTC)

Recent

price

23.00

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
1,339.04
1,267
1,371.78
1,513.05
1,665.39
1,844.32
1,889.08
1,883
1,860.67
1,914.71
1,995.8
1,852.18
2,177.48
2,426.23
2,582.34
2,747.54
1,249.02
Revenue per Share
36.62
55.07
72.18
91.46
105.81
125.88
139.24
129.71
145.39
131.21
132.3
136.25
115.16
159.22
167.11
139.97
72.26
Basic EPS, GAAP
108.61
12.63
76.69
129.3
52.3
9.84
121.2
-12.35
132.26
235.24
142.97
66.5
-57.74
-54.73
76.75
85.81
-21.47
Free Cash Flow per Basic Share
5.96
6.93
10.44
15.45
22.02
28.01
35
42.04
42.06
48.07
50.08
50.5
52.41
52.08
56.08
58.62
0.09
Dividend per Share
522.45
522.98
579.58
652.36
726.66
824.42
927.67
1,015.55
1,118.68
1,201.56
1,283.9
1,376.04
1,484.13
1,631.37
1,742.17
1,839.12
1,660.83
Book Value per Share
569.88
576.93
668.15
755.62
856.45
943.47
977.19
1,072.39
1,143.27
1,171.53
1,169.01
1,187.72
1,222.02
1,407.69
1,527.95
1,591.47
1,441.81
Tangible Book Value per Share
116
129
131
132
133
133
134
134
134
134
134
133
128
125
125
124
125
Basic Weighted Avg Shares
155,529
163,268
179,411
199,941
222,150
246,129
252,420
251,575
248,655
255,938
266,745
245,419
279,315
303,027
322,564
340,151
155,956
Sales/Revenue/Turnover
6.89
7.5
8.8
9.86
10.89
11.43
11.43
10.66
10.84
10.81
10.15
10.24
7.96
9.01
9.01
7.69
8.84
Operating Margin (%)
7,813
7,272
6,938
6,597
6,879
8,263
7,916
8,445
8,781
9,163
10,804
11,008
12,026
12,675
14,296
17,093
6,567
Depreciation Expense
4,253
7,096
9,440
12,086
14,114
16,799
18,605
17,330
19,429
17,539
17,682
18,053
14,772
19,886
20,874
17,329
9,022
Net Income, GAAP
44.32
42.79
39.51
40.08
38.45
30.97
31.6
34.58
31.94
33.14
31.52
31.67
33.86
32.24
26.85
32.89
31.99
Effective Tax Rate (%)
2.73
4.35
5.26
6.04
6.35
6.83
7.37
6.89
7.81
6.85
6.63
7.36
5.29
6.56
6.47
5.09
5.78
Profit Margin (%)
16,132
25,211
36,302
50,161
55,314
57,456
60,805
68,951
77,815
83,066
80,892
72,912
53,307
73,378
78,132
66,743
71,400
Working Capital
267
201
152
83
76
406
308
214
111
325
3,549
375
403
25,433
35,468
25,872
35,000
LT Debt
72,924
80,417
92,682
104,464
118,799
131,468
135,056
146,666
160,487
169,632
182,739
183,456
182,686
201,086
215,066
221,773
203,987
Total Equity
7.94
8.71
10.45
11.35
12.69
14.87
14.15
11.88
11.45
10.79
10.02
8.94
7.78
8.75
8.67
6.76
4.11
Return on Invested Capital (%)
6.07
10.12
12.17
13.6
13.33
13.68
14.43
12.74
12.95
11.01
9.82
9.47
7.47
8.83
8.13
6.41
3.78
Return on Capital (%)
7.41
11.08
13.18
14.92
15.41
16.23
15.9
13.35
13.63
11.31
10.65
10.2
7.93
10.09
9.91
7.78
4.49
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
1,602
- -
1,917
LT Borrowings
25,000
- -
35,000
LT Finance Leases
433
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
125
- -
125
Market Capitalization
- -
- -
412,800

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
127,853
- -
121,690
Cash, Cash Equivalents & STI
44,295
- -
51,538
Accounts Receivable, Net
54,118
- -
37,804
Inventories
22,208
- -
26,947
Total Current Liabilities
54,475
- -
50,290
Payables & Accruals
- -
- -
- -
ST Debt
1,602
- -
1,917
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.43%
4.02%
3.12%
Free Cash Flow
-58.43%
-95.01%
10.82%
Net Income, GAAP
1.36%
1.31%
-16.98%
Sales/Revenue/Turnover
3.44%
5.24%
5.45%
Total Cash Common Dividend
7.22%
1.7%
3.6%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
73,156
73,915
80,268
75,688
303,027
2025
- -
- -
- -
- -
322,564
2026
- -
- -
- -
- -
340,151

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
50.05
- -
- -
- -
159.22
2025
- -
- -
- -
- -
167.11
2026
- -
- -
- -
- -
139.97

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
51.05
- -
- -
- -
52.08
2025
- -
- -
- -
- -
56.08
2026
- -
- -
- -
- -
58.62
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Business
Calbee, Inc. manufactures and sells snack foods, cereals, and related products worldwide. Founded in 1949 and headquartered in Tokyo, the company produces potato chips, shrimp crackers, vegetable crisps, flour-based snacks, corn snacks, bean snacks, and cereals including its leading Frugra brand; it also offers bakery products, confectionery, processed foods, and health-oriented items through domestic and international operations spanning Japan, North America, Greater China, Europe, Asia, and Oceania. Calbee holds dominant market shares in Japan, exceeding 50% in snacks and 70% in potato chips, while expanding globally via subsidiaries like Calbee America, Inc. and tailored product development in priority markets. The company operates across food manufacturing segments, targeting consumers with innovative, high-quality snacks and health-focused offerings through brands such as Jagabee, JagaRico, and Sapporo Potato. Its geographic footprint includes production facilities in Japan (Hokkaido Factory, Setouchi Hiroshima Factory), the United States (Fairfield Plant in California), and partnerships supporting supply chains in eleven regions. Calbee maintains strategic alliances, including a longstanding business and equity tie with PepsiCo, Inc., and pursues growth in agribusiness for natural ingredients and food-and-health platforms. Recent developments include the September 2025 acquisition of a majority stake in U.S. tofu producer Hodo Inc. to bolster health-oriented offerings; establishment of subsidiaries in Ireland and New Zealand in September 2024; the January 2025 opening of the Setouchi Hiroshima Factory; a January 2025 collaboration with Shiretoko Shari Agricultural Cooperative for stable potato procurement; April 2025 expansion of the Utsunomiya R&D Center; local production of Jagabee snacks in China announced in September 2024; and the "Change 2025" growth strategy emphasizing new business areas, DX initiatives, and overseas investments.