2294
Kakiyasu Honten Co.,Ltd.
株式会社柿安本店
Consumer Defensive · Food Distribution
Kakiyasu Honten Co., Ltd., a food company, engages in production and sale of meat, prepared foods, Japanese sweets primarily in Japan. The company offers meat, such as beef, pork, and chicken under the Mie Kakinoyasu beef and Premium Agu brand names; western and Chinese style delicatessen; Japanese confectioneries, including Ohagi and mitarashi dango through a network of stores; and processed food products. It also operates Japanese and Chinese buffet style restaurants. Kakiyasu Honten Co., Ltd. was founded in 1871 and is headquartered in Kuwana, Japan.
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Overview
Filings & Signals
Ownership
Financials
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Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥36.1B
¥37.1B
¥43.9B
¥38.0B
Cost of Sales
¥16.5B
¥17.0B
¥20.4B
¥18.2B
Gross Profit
¥19.6B
¥20.0B
¥23.5B
¥19.7B
SG&A
¥18.1B
¥17.8B
¥20.0B
¥17.0B
Operating Income
¥1.5B
¥2.2B
¥3.5B
¥2.8B
Non-Operating Income
¥41M
¥37M
¥60M
¥513M
Dividend Income
¥5M
¥4M
¥3M
¥3M
Interest Income
¥4M
¥0M
¥0M
¥0M
Non-Operating Expenses
¥3M
¥4M
¥2M
¥3M
Ordinary Income
¥1.5B
¥2.2B
¥3.6B
¥3.3B
Pre-tax Income
¥1.2B
¥2.2B
¥3.4B
¥2.8B
Income Taxes
¥515M
¥775M
¥1.2B
¥1.1B
Current Tax
¥571M
¥689M
¥1.2B
¥955M
Deferred Tax
¥-55M
¥85M
¥-39M
¥147M
Net Income (owners)
¥701M
¥1.4B
¥2.2B
¥1.7B
Comprehensive Income
¥640M
¥1.5B
¥2.2B
¥1.7B
EBITDA
¥2.1B
¥2.7B
¥4.1B
¥3.3B
EPS
¥71.50
¥133.74
¥210.60
¥162.79
Shares Outstanding
9.6M
10.5M
10.5M
10.5M
Shares Issued (total)
12.4M
12.4M
12.4M
12.4M
Treasury Shares
2.9M
2.0M
2.0M
2.0M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥19.2B
¥21.7B
¥21.7B
¥20.0B
Current Assets
¥11.5B
¥14.4B
¥15.2B
¥13.6B
Cash & Deposits
¥8.0B
¥10.7B
¥11.3B
¥10.6B
Trade Receivables
¥2.5B
¥2.5B
¥2.8B
—
Non-Current Assets
¥7.7B
¥7.3B
¥6.5B
¥6.4B
PP&E
¥5.8B
¥5.6B
¥4.9B
¥4.8B
Intangible Assets
¥182M
¥194M
¥188M
¥226M
Investment Securities
¥219M
¥212M
¥131M
¥111M
Deferred Tax Assets
¥236M
¥156M
¥298M
¥250M
Total Liabilities
¥4.2B
¥4.0B
¥4.7B
¥4.2B
Current Liabilities
¥3.6B
¥3.5B
¥4.3B
¥3.7B
Accounts Payable
¥1.3B
¥1.2B
¥1.3B
¥1.0B
Taxes Payable
¥315M
¥163M
¥842M
¥909M
Non-Current Liabilities
¥522M
¥490M
¥455M
¥455M
Total Equity
¥15.0B
¥17.7B
¥17.0B
¥15.8B
Capital Stock
¥1.3B
¥1.3B
¥1.3B
¥1.3B
Capital Surplus
¥1.1B
¥1.1B
¥1.1B
¥1.1B
Retained Earnings
¥18.4B
¥18.6B
¥18.1B
¥17.0B
Treasury Stock
¥-5.9B
¥-3.5B
¥-3.5B
¥-3.5B
AOCI
¥150M
¥211M
¥72M
¥75M
Equity (owners)
¥14.9B
¥17.4B
¥16.9B
¥15.8B
Net Cash ⓘ
¥8.0B
¥10.7B
¥11.3B
¥10.6B
NCAV ⓘ
¥7.4B
¥10.3B
¥10.5B
¥9.4B
NCAV/Share
¥770
¥986
¥999
¥898
BV/Share
¥1,555
¥1,666
¥1,617
¥1,505
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥1.7B
¥1.4B
¥2.5B
¥3.7B
Interest Received
¥8M
¥4M
¥3M
¥3M
D&A
¥633M
¥535M
¥565M
¥508M
Investing CF
¥-3.0B
¥-1.2B
¥-699M
¥-418M
CapEx
¥995M
¥1.0B
¥635M
¥210M
Purchase Investments
—
—
¥-2M
—
Proceeds from Invest.
—
—
—
¥8M
Financing CF
¥-905M
¥-895M
¥-1.1B
¥-789M
Dividends Paid
¥-890M
¥-889M
¥-1.0B
¥-783M
Share Buybacks
¥0M
¥0M
—
—
Free Cash Flow
¥751M
¥383M
¥1.9B
¥3.5B
Net Change in Cash
¥-2.1B
¥-637M
¥794M
¥2.5B
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2021
EDINET ↗
ROE
4.3%
8.1%
13.4%
11.1%
ROA
3.4%
6.4%
10.6%
8.5%
EPS
¥71.50
¥133.74
¥210.60
¥162.79
DPS
¥85.00
¥85.00
¥85.00
¥100.00
BPS
¥1,570.68
¥1,685.83
¥1,623.80
¥1,512.67
FCF/Share
¥78
¥37
¥183
¥337
NCAV/Share
¥770
¥986
¥999
¥898
Payout Ratio
118.9%
63.6%
40.4%
61.4%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 3
Date Activist Stake Event Flag Demands Source
2025-04-14
Akatsu kakousan Co.,Ltd.
—
exit
Passive
—
2025-02-17
Akatsu kakousan Co.,Ltd.
7.25%
correction
Passive
—
2025-02-04
Akatsu kakousan Co.,Ltd.
7.25%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 4
#
Shareholder
Shares (thou.)
% of Total
1
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
717
7.50%
2
The Hyakugo Bank, Ltd.
株式会社百五銀行
373
3.90%
3
赤塚 保正
331
3.50%
4
赤塚 和隆
267
2.80%
5
赤塚 美雪
265
2.80%
6
赤塚 勝子
247
2.60%
7
Business Partner Stock Ownership Plan
柿安取引先持株会
194
2.00%
8
Employee Stock Ownership Plan
柿安社員持株会
192
2.00%
9
赤塚 元康
154
1.60%
10
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託口)
112
1.20%
Domestic Nominees
8.7%
+3.4% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
21.2%
-4.8% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Japan Master Trust Bank
日本マスタートラスト信託銀行
5.70%
5.30%
7.50%
+2.20%
The Hyakugo Bank, Ltd.
式会社百五銀行
2.60%
3.60%
3.90%
+0.30%
赤塚 保正
3.00%
3.00%
3.50%
+0.50%
赤塚 美雪
2.00%
2.00%
2.80%
+0.80%
赤塚 和隆
NEW ENTRY
—
—
—
2.80%
NEW
赤塚 勝子
2.40%
2.40%
2.60%
+0.20%
Employee Stock Ownership Plan
柿安社員持株会
1.90%
1.80%
2.00%
+0.20%
Business Partner Stock Ownership Plan
柿安取引先持株会
1.70%
1.70%
2.00%
+0.30%
赤塚 元康
NEW ENTRY
—
—
—
1.60%
NEW
日本カストディ銀行
NEW ENTRY
—
—
—
1.20%
NEW
式会社赤塚興産
last seen 2024
Exited Top 10
8.60%
8.60%
—
Tokio Marine & Nichido Fire Insurance Co., Ltd.
東京海上日動火災保険
last seen 2024
Exited Top 10
2.50%
1.50%
—
増田 明彦
last seen 2024
Exited Top 10
—
1.40%
—
SMBC日興証券
last seen 2023
Exited Top 10
3.30%
—
—
Concentration (HHI)
ⓘ
156
144
118
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥215M
+69% since 2023
Holdings
4
Trend
1 building
vs 2023
Held Company
FY2025
¥215M total
FY2023
¥127M total
Book Val ¥M
Shares
Book Val ¥M
Shares
The Hyakugo Bank, Ltd.
株式会社百五銀行
194
283,735
110
283,735
M
Isetan Mitsukoshi Holdings Ltd.
株式会社三越伊勢丹ホールディングス
18
10,000
14
10,000
Takashimaya Company,Limited
株式会社髙島屋
2
+100.0%
↑
2,000
2
1,000
J.フロントリテイリング株式会社
1
1,000
1
1,000
Portfolio total
215
127
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding