2876
Delsole Corporation
株式会社デルソーレ
Foods
Delsole Corporation manufactures and sells pizza and ethnic bread products in Japan. The company offers pizza crust and dough products; bread products, including naan, focaccia, tortilla, pita, and biscuits; shredded cheese; and cheese fry and naan dog snack products to supermarket chains and various food service companies. It also trades in pizza and basil sauces, and curries; olives and jalapenos; meat and chicken products comprising pepperoni, Italian sausages, taco meat, chicken sticks, chicken drops, and spicy chicken drops. In addition, the company operates restaurants and department store food counters, as well as provides take-out and home delivery services. Delsole Corporation distributes its products under the Del Sole label. The company was formerly known as JC Comsa Corporation. Delsole Corporation was incorporated in 1964 and is headquartered in Tokyo, Japan.
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⚠ TSE Capital Mandate
P / Book
0.68×
Overview
Filings & Signals
Ownership
Financials
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Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥15.4B
¥17.8B
¥16.9B
¥15.5B
Cost of Sales
¥9.7B
¥11.0B
¥10.7B
¥9.3B
Gross Profit
¥5.7B
¥6.8B
¥6.2B
¥6.2B
SG&A
¥5.1B
¥5.6B
¥5.8B
¥5.6B
Operating Income
¥561M
¥1.2B
¥418M
¥539M
Non-Operating Income
¥159M
¥130M
¥113M
¥480M
Dividend Income
¥22M
¥11M
¥17M
¥1M
Interest Income
¥1M
¥0M
¥0M
¥0M
Non-Operating Expenses
¥181M
¥84M
¥15M
¥19M
Interest Expense
¥1M
¥3M
¥4M
¥7M
Ordinary Income
¥539M
¥1.3B
¥516M
¥999M
Pre-tax Income
¥-601M
¥934M
¥314M
¥992M
Income Taxes
¥-178M
¥334M
¥11M
¥350M
Current Tax
¥103M
¥289M
¥152M
¥298M
Deferred Tax
¥-281M
¥45M
¥-141M
¥52M
Net Income (owners)
¥-423M
¥599M
¥303M
¥642M
EBITDA
¥919M
¥1.6B
¥867M
¥1.0B
EPS
¥-47.48
¥67.32
¥33.74
¥70.48
Shares Outstanding
9.1M
9.1M
9.1M
9.1M
Shares Issued (total)
9.1M
9.1M
9.1M
9.1M
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥10.2B
¥10.7B
¥11.0B
¥10.6B
Current Assets
¥6.0B
¥6.4B
¥6.0B
¥5.2B
Cash & Deposits
¥2.7B
¥2.3B
¥1.6B
¥1.6B
Trade Receivables
¥2.0B
¥2.8B
¥2.7B
¥2.5B
Non-Current Assets
¥4.2B
¥4.4B
¥5.0B
¥5.4B
PP&E
¥2.8B
¥3.2B
¥3.6B
¥4.1B
Intangible Assets
¥9M
¥11M
¥10M
¥49M
Investment Securities
¥195M
¥230M
¥171M
¥158M
Deferred Tax Assets
¥774M
¥502M
¥564M
¥425M
Total Liabilities
¥4.1B
¥4.1B
¥4.9B
¥4.7B
Current Liabilities
¥2.6B
¥2.7B
¥3.6B
¥2.5B
ST Debt
¥60M
¥60M
¥260M
¥80M
Taxes Payable
¥25M
¥253M
¥43M
¥291M
Non-Current Liabilities
¥1.5B
¥1.4B
¥1.4B
¥2.1B
Total LT Borrowings
¥90M
¥150M
¥210M
¥470M
Total Equity
¥6.1B
¥6.6B
¥6.1B
¥6.0B
Capital Stock
¥923M
¥923M
¥923M
¥923M
Capital Surplus
¥1.3B
¥1.3B
¥1.3B
¥1.3B
Retained Earnings
¥3.9B
¥4.5B
¥4.0B
¥3.8B
Treasury Stock
¥-87M
¥-87M
¥-87M
¥-0M
AOCI
¥79M
¥61M
¥21M
¥12M
Equity (owners)
¥6.0B
¥6.6B
¥6.1B
¥6.0B
Total Interest-Bearing Debt ⓘ
¥150M
¥210M
¥470M
¥550M
Net Cash ⓘ
¥2.6B
¥2.0B
¥1.2B
¥1.0B
NCAV ⓘ
¥1.9B
¥2.3B
¥1.1B
¥526M
NCAV/Share
¥206
¥249
¥116
¥58
BV/Share
¥664
¥722
¥666
¥654
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥903M
¥1.1B
¥396M
¥1.6B
Taxes Paid
¥-359M
¥-77M
¥-404M
¥7M
Interest Paid
¥-1M
¥-3M
¥-4M
¥-6M
Interest Received
¥23M
¥11M
¥17M
¥1M
D&A
¥358M
¥384M
¥450M
¥483M
Investing CF
¥-255M
¥-152M
¥-67M
¥-344M
CapEx
¥367M
¥293M
¥112M
¥381M
Purchase Investments
¥-3M
¥-2M
¥-1M
¥-1M
Proceeds from Invest.
¥143M
—
—
—
Financing CF
¥-168M
¥-347M
¥-277M
¥-671M
Dividends Paid
¥-108M
¥-87M
¥-109M
¥-91M
Share Buybacks
¥-0M
—
¥-87M
—
LT Debt Repaid
¥-60M
¥-260M
¥-80M
¥-180M
Free Cash Flow
¥537M
¥814M
¥284M
¥1.3B
Net Change in Cash
¥480M
¥608M
¥52M
¥623M
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
-6.6%
9.4%
5.0%
11.3%
ROA
-4.0%
5.5%
2.8%
6.0%
EPS
¥-47.48
¥67.32
¥33.74
¥70.48
DPS
¥15.00
¥12.00
¥10.00
¥12.00
BPS
¥687.27
¥744.76
¥682.96
¥655.31
FCF/Share
¥59
¥89
¥31
¥138
NCAV/Share
¥206
¥249
¥116
¥58
Payout Ratio
—
17.8%
29.6%
17.0%
No filings or capital allocation signals recorded for this company.
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 5
#
Shareholder
Shares (thou.)
% of Total
1
大河原 愛子
2,272,000
25.51%
2
大河原 毅
1,534,250
17.23%
3
PT INDOFOOD CBP SUKSES MAKMUR TBK(常任代理人SMBC日興証券株式会社)
900,000
10.11%
4
株式会社ミツウロコグループホールディングス
300,000
3.37%
5
株式会社ニチレイフーズ
255,000
2.86%
6
マリンフード株式会社
253,500
2.85%
7
株式会社三菱UFJ銀行
215,000
2.41%
8
株式会社商工組合中央金庫
200,000
2.25%
9
日清製粉株式会社
180,000
2.02%
10
和田 隆介
155,700
1.75%
Domestic Nominees
0.0%
+0.0% 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
70.4%
-0.2% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
大河原 愛子
25.69%
25.58%
25.51%
-0.07%
大河原 毅
17.23%
17.23%
17.23%
PT INDOFOOD CBP SUKSES MAKMUR TBK
10.11%
10.11%
10.11%
式会社ミツウロコグループホールディングス
3.37%
3.37%
3.37%
式会社ニチレイフーズ
2.86%
2.86%
2.86%
マリンフード
2.97%
2.97%
2.85%
-0.12%
式会社三菱UFJ銀行
2.41%
2.41%
2.41%
式会社商工組合中央金庫
2.25%
2.25%
2.25%
日清製粉
2.02%
2.02%
2.02%
和田 隆介
1.74%
1.75%
1.75%
Concentration (HHI)
ⓘ
1105
1100
1096
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥170M
+58% since 2023
Holdings
5
Trend
1 unwinding
vs 2023
Held Company
FY2025
¥170M total
FY2023
¥108M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Mitsubishi UFJ Financial Group, Inc.
株式会社三菱UFJフィナンシャル・グループ
99
49,270
42
49,270
oie sangyo co.,ltd
尾家産業株式会社
54
+9.3%
↑
27,460
28
25,123
TOHO Co.,Ltd.
株式会社トーホー
11
3,200
7
3,200
KUZE CO., LTD.
株式会社久世
6
3,000
3
3,000
M
key coffee inc
キーコーヒー株式会社
0
-99.9%
↓
20
28
13,969
Portfolio total
170
108
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding