2813
Wakou Shokuhin Co.,Ltd.
和弘食品株式会社
Foods
Wakou Shokuhin Co., Ltd. manufactures and sells soups and natural extracts in the United States and Japan. The company offers Ramen soups; and acts as an OEM manufacturer of various seasonings. It sells its products through convenience stores, restaurants, and other industries. The company was incorporated in 1964 and is headquartered in Otaru, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥16.2B
¥15.4B
¥13.5B
¥11.5B
Cost of Sales
¥11.5B
¥11.1B
¥9.8B
¥8.6B
Gross Profit
¥4.7B
¥4.3B
¥3.7B
¥2.9B
SG&A
¥3.1B
¥2.9B
¥2.7B
¥2.4B
Operating Income
¥1.6B
¥1.5B
¥973M
¥461M
Non-Operating Income
¥38M
¥114M
¥104M
¥55M
Dividend Income
¥3M
¥3M
¥2M
¥2M
Interest Income
¥1M
¥0M
¥0M
¥0M
Non-Operating Expenses
¥20M
¥63M
¥40M
¥47M
Interest Expense
¥15M
¥10M
¥11M
¥11M
Ordinary Income
¥1.6B
¥1.5B
¥1.0B
¥469M
Pre-tax Income
¥1.6B
¥1.5B
¥1.0B
¥495M
Income Taxes
¥390M
¥443M
¥-233M
¥34M
Current Tax
¥430M
¥334M
¥40M
¥60M
Deferred Tax
¥-40M
¥109M
¥-273M
¥-26M
Net Income (owners)
¥1.2B
¥1.1B
¥1.3B
¥461M
Comprehensive Income
¥1.1B
¥2.0B
¥1.5B
¥666M
EBITDA
¥2.1B
¥1.9B
¥1.4B
¥942M
EPS
¥484.99
¥438.18
¥1,513.79
¥561.31
Shares Outstanding
2.5M
2.5M
0.8M
0.8M
Shares Issued (total)
2.8M
2.8M
0.9M
0.9M
Treasury Shares
0.4M
0.4M
0.1M
0.1M
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥14.6B
¥13.6B
¥10.1B
¥8.9B
Current Assets
¥7.9B
¥7.2B
¥5.5B
¥4.5B
Cash & Deposits
¥3.5B
¥2.9B
¥1.8B
¥1.3B
Non-Current Assets
¥6.7B
¥6.4B
¥4.6B
¥4.4B
PP&E
¥5.2B
¥5.0B
¥3.8B
¥3.8B
Intangible Assets
¥45M
¥94M
¥132M
¥192M
Investment Securities
¥807M
¥833M
¥207M
¥147M
Deferred Tax Assets
¥214M
¥209M
¥316M
¥65M
Total Liabilities
¥6.0B
¥6.0B
¥4.5B
¥4.7B
Current Liabilities
¥4.0B
¥4.1B
¥3.5B
¥3.3B
ST Debt
¥1.8B
¥1.8B
¥1.4B
¥1.5B
Taxes Payable
¥106M
¥157M
¥57M
¥49M
Non-Current Liabilities
¥2.0B
¥1.9B
¥1.0B
¥1.4B
Total LT Borrowings
¥668M
¥424M
¥762M
¥1.2B
Deferred Tax Liab.
¥122M
¥162M
—
—
Total Equity
¥8.6B
¥7.6B
¥5.6B
¥4.1B
Capital Stock
¥1.4B
¥1.4B
¥1.4B
¥1.4B
Capital Surplus
¥1.4B
¥1.4B
¥1.4B
¥1.4B
Retained Earnings
¥4.6B
¥3.6B
¥2.6B
¥1.3B
Treasury Stock
¥-212M
¥-213M
¥-217M
¥-225M
AOCI
¥1.3B
¥1.4B
¥465M
¥231M
Equity (owners)
¥7.3B
¥6.2B
¥5.1B
¥3.9B
Total Interest-Bearing Debt ⓘ
¥2.4B
¥2.3B
¥2.2B
¥2.7B
Net Cash ⓘ
¥1.1B
¥686M
¥-367M
¥-1.4B
NCAV ⓘ
¥1.8B
¥1.2B
¥993M
¥-245M
NCAV/Share
¥742
¥479
¥1,199
¥-298
BV/Share
¥2,910
¥2,487
¥6,210
¥4,755
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥1.5B
¥1.6B
¥1.3B
¥571M
Interest Paid
¥-11M
¥-10M
¥-10M
¥-11M
Interest Received
¥22M
¥19M
¥9M
¥2M
D&A
¥464M
¥452M
¥458M
¥481M
Investing CF
¥-829M
¥-564M
¥-244M
¥-229M
CapEx
¥604M
¥533M
¥246M
¥294M
Purchase Investments
¥-2M
¥-2M
¥-2M
¥-2M
Proceeds from Invest.
¥2M
¥2M
¥2M
¥2M
Financing CF
¥-80M
¥-43M
¥-666M
¥-189M
Dividends Paid
¥-164M
¥-54M
¥-41M
¥-25M
Share Buybacks
—
¥-1M
—
—
LT Debt Repaid
¥-341M
¥-396M
¥-441M
¥-467M
Free Cash Flow
¥910M
¥1.1B
¥1.1B
¥277M
Net Change in Cash
¥551M
¥1.2B
¥517M
¥214M
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
15.0%
16.5%
25.7%
12.1%
ROA
8.6%
9.2%
13.2%
5.2%
EPS
¥484.99
¥438.18
¥1,513.79
¥561.31
DPS
¥97.00
¥66.00
¥65.00
¥50.00
BPS
¥3,432.10
¥3,054.72
¥6,772.54
¥5,035.80
FCF/Share
¥365
¥426
¥1,334
¥336
NCAV/Share
¥742
¥479
¥1,199
¥-298
Payout Ratio
20.0%
15.1%
4.3%
8.9%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 2
Date Activist Stake Event Flag Demands Source
2025-09-04
Nomura Asset Management Co., Ltd.
5.05%
initial_5pct
Passive
—
2024-09-05
AKIHIRO KAZUYAMA
24.34%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 6
#
Shareholder
Shares (thou.)
% of Total
1
株式会社和山商店
622
24.97%
2
日清オイリオグループ株式会社
480
19.26%
3
野村信託銀行株式会社
83
3.35%
4
和山 明弘
70
2.85%
5
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行
59
2.37%
6
株式会社北海道銀行
42
1.71%
7
株式会社泉屋製菓総本舗
40
1.61%
8
加世田 十七七
24
0.99%
9
日本生命保険相互会社
24
0.96%
10
菊池 賢治
21
0.86%
Domestic Nominees
2.4%
+2.4% 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
56.6%
+0.0% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
式会社和山商店
25.06%
24.99%
24.97%
-0.02%
日清オイリオグループ
19.33%
19.28%
19.26%
-0.02%
野村信託銀行
NEW ENTRY
—
—
—
3.35%
NEW
和山 明弘
2.72%
2.82%
2.85%
+0.03%
日本カストディ銀行
NEW ENTRY
—
—
—
2.37%
NEW
式会社北海道銀行
1.72%
1.71%
1.71%
式会社泉屋製菓総本舗
NEW ENTRY
—
—
—
1.61%
NEW
加世田 十七七
—
0.95%
0.99%
+0.04%
日本生命保険
0.97%
0.96%
0.96%
菊池 賢治
NEW ENTRY
—
—
—
0.86%
NEW
水元 公仁
last seen 2024
Exited Top 10
2.78%
2.11%
—
式会社SBI証券
last seen 2024
Exited Top 10
1.22%
1.38%
—
MSIP CLIENT SECURITIES
last seen 2024
Exited Top 10
—
1.21%
—
秋山 俊之
last seen 2024
Exited Top 10
—
1.15%
—
上田八木短資
last seen 2023
Exited Top 10
1.09%
—
—
新堀 眞敏
last seen 2023
Exited Top 10
1.00%
—
—
式会社北陸銀行
last seen 2023
Exited Top 10
1.52%
—
—
Concentration (HHI)
ⓘ
1027
1018
1028
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥801M
+301% since 2023
Holdings
6
Trend
3 building
vs 2023
Held Company
FY2025
¥801M total
FY2023
¥200M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Maruchiyo Yamaokaya Corporation
㈱丸千代山岡家
729
+300.0%
↑
204,000
141
51,000
M
NISSIN FOODS HOLDINGS CO.,LTD.
日清食品ホールディングス㈱
34
+225.1%
↑
11,181
42
3,439
Hokuhoku Financial Group, Inc.
㈱ほくほくフィナンシャルグループ
16
6,281
6
6,281
M
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
13
+200.0%
↑
3,501
6
1,167
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
6
2,850
2
2,850
NICHIRYO BAKING CO.,LTD.
日糧製パン㈱
3
1,155
2
1,155
Portfolio total
801
200
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding