WARABEYA NICHIYO HOLDINGS Co., Ltd.

WARABEYA NICHIYO HOLDINGS Co., Ltd.

TTSE:2918
2,668.00
JPY
+30.00
(+1.14%)
254.23EPS
9.58P/E
41.39BMarket Cap
Jan 14Next 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
10,589.93
11,449.98
11,906.35
12,219.47
12,495.18
12,292.47
12,168.47
11,110.99
11,015.87
11,132.19
11,853.47
12,737.15
13,460.62
12,461.51
Basic EPS, GAAP
128.99
157.55
81.29
130.06
119.36
34.76
57.54
39
186.95
160.9
244.67
153.38
307.34
247.47
Free Cash Flow per Basic Share
154.37
289.26
61.77
357.85
6.33
6.67
472.82
164.97
245.26
19.01
-211.86
-307.23
174.48
- -
Dividend per Share
29.92
34.97
35.07
40.14
40.15
40.12
40.11
40.26
40.32
50.39
110.86
90.63
106.38
- -
Book Value per Share
2,205.46
2,339.57
2,367.98
2,461.81
2,525.52
2,513.75
2,526.23
2,530.4
2,723.49
2,891.38
3,051.9
3,244.12
3,431.19
3,294.85
Tangible Book Value per Share
2,185.71
2,306.64
2,328.75
2,409.35
2,473.96
2,450.39
2,472.9
2,491.61
2,698.01
2,873.4
3,003.4
3,131.06
3,327.87
3,175.42
Basic Weighted Avg Shares
18
18
18
18
18
18
18
17
17
17
17
17
17
17
Sales/Revenue/Turnover
186,531
201,680
209,147
214,305
219,103
215,696
213,581
194,309
192,326
194,416
207,009
222,467
233,833
217,634
Operating Margin (%)
5.61
5.63
5
1.91
1.7
0.71
1.27
1.72
2.31
2.57
3.08
2.03
3.18
2.82
Depreciation Expense
3,854
4,382
4,838
4,797
5,082
5,472
5,802
4,812
5,178
4,654
4,970
7,502
7,317
- -
Net Income, GAAP
2,272
2,775
1,428
2,281
2,093
610
1,010
682
3,264
2,810
4,273
2,679
5,339
4,322
Effective Tax Rate (%)
41.25
36.73
21.22
36.55
30.82
32.28
42.73
62.02
28.09
29.86
27.8
24.97
22.45
26.49
Profit Margin (%)
1.22
1.38
0.68
1.06
0.96
0.28
0.47
0.35
1.7
1.45
2.06
1.2
2.28
1.99
Working Capital
7,013
6,554
6,812
9,656
4,899
2,691
5,133
5,894
7,928
10,265
9,180
7,171
4,923
9,800
LT Debt
7,135
6,581
8,442
9,237
11,546
10,876
8,538
8,446
6,852
12,560
19,198
30,045
31,355
24,729
Total Equity
38,848
41,210
41,529
43,176
44,284
44,241
44,523
44,372
47,900
51,527
54,307
59,122
62,129
60,065
Return on Invested Capital (%)
4.56
5.22
4.68
4.77
4.45
1.75
2.71
2.24
5.6
5.6
6.41
3.98
5.99
5.76
Return on Capital (%)
4.97
5.76
2.93
4.32
3.78
1.14
1.75
1.15
5.65
4.49
6.18
3.27
5.61
5.7
Return on Common Equity (%)
6
6.93
3.45
5.39
4.79
1.38
2.28
1.54
7.12
5.73
8.23
4.87
9.2
7.83

Capital Structure

JPY

•

in mil. unless spec.
Feb'24
May'25
Aug'25
ST Debt
2,467
913
981
LT Borrowings
11,037
15,939
15,481
LT Finance Leases
8,161
9,234
9,248
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
17
17
17
Market Capitalization
47,712
41,181
41,393

Working Capital

JPY

•

in mil. unless spec.
Feb'24
May'25
Aug'25
Total Current Assets
31,306
34,105
40,120
Cash, Cash Equivalents & STI
8,122
7,105
11,891
Accounts Receivable, Net
17,113
19,576
22,119
Inventories
3,767
4,230
3,946
Total Current Liabilities
22,126
24,980
30,320
Payables & Accruals
- -
- -
- -
ST Debt
2,467
913
981
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.16%
6.98%
5.09%
Free Cash Flow
594.38%
-273.95%
-156.49%
Net Income, GAAP
49.24%
95.75%
99.29%
Sales/Revenue/Turnover
1.23%
3.83%
5.11%
Total Cash Common Dividend
- -
- -
16.74%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
54,720
58,916
- -
- -
222,467
2026
- -
- -
- -
- -
233,833
2027
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
85.55
75.18
- -
- -
153.38
2026
- -
- -
- -
- -
307.34
2027
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
90.63
2026
- -
- -
- -
- -
106.38
2027
- -
- -
- -
- -
- -

Company Description

CEO
Hideo Tsuji
Full Time Employees
1,960
Sector
Consumer non-durables
Industry
Food: specialty/candy
Address
13-19, Tomihisa-cho Tokyo TY Japan 162-8020
IPO Date
Nov 4, 1999
Business
Warabeya Nichiyo Holdings Co., Ltd. engages primarily in the manufacture and sale of convenience store food products across Japan and internationally. Its core product offerings include bento meal boxes with seasonal ingredients, onigiri rice balls and sushi, chilled bento meal boxes for microwave heating, side dishes such as simmered foods, fried foods, salads, noodles including pasta, bread products with various fillings, and chilled Japanese sweets. The company operates through multiple business segments encompassing food production, food materials, logistics, and food plant and equipment design and development. It serves convenience stores, supermarkets, and restaurants, focusing on high-quality, safe, and fresh food items. Founded in 1950 and headquartered in Tokyo, Warabeya Nichiyo Holdings maintains a strong presence in the domestic prepared foods market while also expanding overseas. Significant recent developments include the establishment in late 2025 of three wholly owned regional subsidiaries—Warabeya Hokkaido Co., Ltd., Warabeya Chubu Co., Ltd., and Warabeya Kansai Co., Ltd.—to strengthen regional production and product development aligned with local consumer preferences. This strategic move restructures the domestic food production business to emphasize local production for local consumption, maximizing regional characteristics. Additionally, the company acquired the food manufacturing business of Higashiya Delica Co., Ltd. to expand product offerings into noodles and bread in the Tokyo metropolitan area, enhancing its portfolio and operational capacity. The firm also boosted its consolidated operating profit forecast for the fiscal year 2025, driven by price hikes and premium product strategies, reflecting robust domestic and overseas sales performance. Warabeya Nichiyo operates through subsidiaries including Warabeya Co., Ltd. and has built capabilities in product development, procurement, and manufacturing, offering a comprehensive range of ready-made foods tailored to convenience stores and mass retailers. The company continues to innovate in fresh and processed products such as vegetable seeds and marine products, while engaging in cost and operational efficiencies through regional business segregation and targeted growth strategies. Its geographic reach covers Japan primarily, with expanding exports and international sourcing operations to secure supply chain resilience and product diversity. The company’s strategic evolution positions it as the largest domestic player in Japan’s prepared food sector with sustained growth in earnings and market presence.