KENKO Mayonnaise Co., Ltd.

KENKO Mayonnaise Co., Ltd.

TTSE:2915
2,074.00
JPY
-3.00
(-0.14%)
31.78BMarket Cap
Nov 09Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
4,032.18
4,245.13
4,710
4,812.86
4,416.15
4,490.85
4,520.67
4,157.83
4,639.61
5,064.47
5,511.59
5,801.66
6,279.05
- -
Basic EPS, GAAP
89.02
115.55
146.72
194.86
174.62
139.36
124.91
88.5
74.27
29.82
169.9
221.62
198.94
- -
Free Cash Flow per Basic Share
-211.18
25.05
245.38
53.22
-413.88
-262.57
212.86
273.01
206.02
136.63
313.34
238.64
11.29
- -
Dividend per Share
20.97
20.97
23.93
29.91
40.91
33.93
29.98
23.91
19.01
17.95
19.07
39.35
47.52
- -
Book Value per Share
1,112.53
1,264.32
1,358.9
1,727.15
1,880.54
1,996.85
2,069.81
2,159.4
2,244.98
2,281.61
2,439.82
2,678.11
2,886.7
- -
Tangible Book Value per Share
1,086.28
1,235.61
1,335.53
1,710.88
1,867.25
1,984.65
2,059.55
2,149.32
2,227.16
2,231.57
2,357.95
2,581.28
2,803.36
- -
Basic Weighted Avg Shares
14
14
14
15
16
16
16
16
16
16
16
16
15
15
Sales/Revenue/Turnover
57,301
60,327
66,933
70,812
72,759
73,989
74,480
68,502
75,647
82,363
88,724
91,703
92,354
- -
Operating Margin (%)
4.24
4.98
5.13
5.63
5.74
4.21
3.89
2.89
2.14
0.13
3.32
5.28
4.5
- -
Depreciation Expense
1,004
1,421
1,508
1,754
1,745
2,077
2,966
2,952
2,797
2,776
2,699
2,402
2,756
- -
Net Income, GAAP
1,265
1,642
2,085
2,867
2,877
2,296
2,058
1,458
1,211
485
2,735
3,503
2,926
- -
Effective Tax Rate (%)
42.84
41.21
24.61
28.7
31.58
39.25
33.7
31.82
30.96
25.15
27.4
31.87
30.95
- -
Profit Margin (%)
2.21
2.72
3.12
4.05
3.95
3.1
2.76
2.13
1.6
0.59
3.08
3.82
3.17
- -
Working Capital
3,235
4,282
5,523
12,709
8,814
7,622
9,860
11,313
11,800
11,564
14,709
15,921
16,671
- -
LT Debt
4,053
2,979
2,184
1,489
7,131
10,085
8,571
7,141
5,466
4,321
3,815
3,293
2,771
- -
Total Equity
15,810
17,967
19,311
28,456
30,983
32,899
34,101
35,577
36,538
36,792
38,977
39,963
41,562
- -
Return on Invested Capital (%)
6.57
7.79
10.99
10.13
7.92
4.43
4.28
3.02
2.53
0.18
4.94
7.4
6.34
- -
Return on Capital (%)
6.36
7.66
9.29
10.61
8.32
5.61
4.78
3.43
2.87
1.23
6.48
8.11
6.66
- -
Return on Common Equity (%)
8.27
9.72
11.19
12
9.68
7.19
6.14
4.18
3.36
1.32
7.22
8.88
7.18
- -

Capital Structure

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
ST Debt
522
522
- -
LT Borrowings
3,032
2,771
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
15
14
14
Market Capitalization
29,299
31,776
28,680

Working Capital

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
Total Current Assets
35,379
33,733
- -
Cash, Cash Equivalents & STI
15,570
13,487
- -
Accounts Receivable, Net
14,950
14,634
- -
Inventories
4,448
5,074
- -
Total Current Liabilities
18,316
17,062
- -
Payables & Accruals
- -
- -
- -
ST Debt
522
522
- -
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.63%
3.17%
4%
Free Cash Flow
-129.08%
-10.6%
-95.6%
Net Income, GAAP
37.68%
79.73%
-16.47%
Sales/Revenue/Turnover
3.4%
6.22%
0.71%
Total Cash Common Dividend
12.67%
18.6%
12.38%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
91,703
2026
- -
- -
- -
- -
92,354
2027
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
221.62
2026
- -
- -
- -
- -
198.94
2027
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
39.35
2026
- -
- -
- -
- -
47.52
2027
- -
- -
- -
- -
- -

Company Description

CEO
Takashi Sumii
Full Time Employees
964
Sector
Consumer non-durables
Industry
Food: specialty/candy
Address
3-8-13, Takaidohigashi Tokyo TY Japan 102-0083
IPO Date
Nov 1, 1994
Business
KENKO Mayonnaise Co., Ltd. (2915.T) manufactures and sells a range of food products, primarily focused on condiments, processed foods, salads, and delicatessen items. The company operates through two main segments: the Seasoning and Processed Foods Business, which includes salads and delicatessen such as potato salads, pasta salads, tuna salads, rice noodle salads, burdock salads, and long-life salads like Fashion Delica Foods; mayonnaise and dressings including plain mayonnaise, creamy golden sesame dressing, and other sauces; processed egg products such as thick omelets (atsuyaki tamago), dashi-wound eggs, scrambled eggs, and narrowly stripped cooked eggs (kinshi tamago); and other items like frozen potatoes and sweet potatoes; and the Delicatessen-related Business, which encompasses operations of Salad Cafe stores and related deli foods including rice dishes. It serves diverse channels including restaurants, mass retailers, convenience stores, bread manufacturers, school lunches, and exports, with key customers in the foodservice and retail sectors. Founded in March 1958 and headquartered in Tokyo with its head office in Kobe, Japan, the company maintains extensive domestic operations across multiple factories including Kobe, Atsugi, Nishi-Kobe, Yamanashi, Gotenba, Nishi-Nihon, and Shizuoka Fujisan factories, alongside sales branches in Nagoya, Tokyo, Sendai, Osaka, Fukuoka, Sapporo, and Hiroshima. Internationally, it has established entities such as PT. Intan Kenkomayo Indonesia in Jakarta and previously operated in Hong Kong, Dongguan, and Hangzhou through affiliates before divesting shares in 2015. Subsidiaries include DIETCOOK SHIRAOI Co., Ltd., KANTO DIETCOOK Co., Ltd., KANSAI DIETCOOK Co., Ltd., and Salad Cafe Co., Ltd., supporting a consolidated workforce of 2,985 employees as of March 31, 2025. In recent developments, the company completed a share repurchase program in November 2025, acquiring 543,000 shares representing 3.64% of its equity for ¥1,034.42 million to enhance shareholder returns under its KENKO Vision 2035 medium- to long-term plan launched in 2024. It announced reorganizations including the closure of the Aizu Wakamatsu Factory by March 2026 with production consolidation at Shizuoka Fujisan and Yamanashi factories, investing approximately ¥2.2 billion in capacity expansions for mayonnaise, sauces, and processed eggs to improve efficiency and supply stability. Additional changes encompass Tokyo Headquarters relocation to Chiyoda-ku in February 2026 and R&D transfers to Koto-ku in October 2026 to boost innovation, alongside price increases across product lines from FY 3/2026 and a store closure in July 2024 impacting Salad Cafe performance.