Wel-Dish. Incorporated

2901 石垣食品株式会社

Medical Care Facilities · Standard

PRICE: ¥188 · MKT CAP: ¥4.1B · P/E: 83.9x · P/B: 1.25x · DIV YIELD: 0.8%

PRICE — 5Y

Characteristics & Business Summary

Wel-Dish.Incorporated develops, manufactures, imports, and sells food and beverages primarily in Japan. The company offers barley and burdock tea, other health drinks and beverages, and beef jerky. It also provides services to medical, welfare, and nursing...

Income Statement Highlights (¥ Million, except EPS/DPS in ¥)

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Net Sales	2,853	2,412	2,975	2,015	1,974	1,305
Operating Profit	-94	-106	-133	-122	201	32
Ordinary Profit	-138	-119	-145	-170	48	39
Net Profit	-109	-158	-115	-352	432	48
EPS	¥-9	¥-11	¥-8	¥-23	¥21	¥2
DPS	¥0	¥0	¥0	¥0	¥2	¥2

Balance Sheet & Valuation Highlights

Total Assets ¥4B

Net Assets (Equity) ¥3B

Equity Ratio 85.4%

ROE (Return on Equity) 1.4%

Cash & Equivalents ¥0B

Interest-Bearing Debt ¥0B

Capital Expenditure (CapEx) ¥0B

Depreciation & Amort. ¥0B

Major Shareholders

1. SK FUND投資事業有限責任組合 9.2%
2. 株式会社ＩＴ 8.1%
3. Citibank, N.A. 7.5%
4. 田坂大作 4.7%
5. 間野賢治 4.6%
6. アクティブマーケット２号投資事業有限責任組合 4.6%
7. アクティブマーケット１号投資事業有限責任組合GP 3.7%
8. INTERACTIVE BROKERS LLC(インタラクティブ・ブローカーズ証券㈱) 3.5%
9. 今村豪 2.9%
10. 石垣裕義 2.8%

Activist Activity

Trust up corporation 12.02%

2026-03-23 · correction

Trust up corporation 12.02%

2026-03-18 · change

Medical Management Consulting 5.17%

2026-03-02 · correction

SINO PRIDE VENTURES LIMITED 4.91%

2026-01-30 · correction

SINO PRIDE VENTURES LIMITED 4.91%

2026-01-29 · change

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues per share	¥249	¥169	¥208	¥132	¥96	¥60
FCF/Share	¥-3	¥-19	¥-26	¥-2	¥0	¥-9
EPS	¥-9	¥-11	¥-8	¥-23	¥21	¥2
DPS	¥0	¥0	¥0	¥0	¥2	¥2
Capital Spending per share	¥0	¥0	¥0	¥0	¥1	¥0
Book Value per share	¥5	¥17	¥9	¥-5	¥131	¥152
Common Shares Outstanding	11M	14M	14M	15M	21M	22M

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues (Net Sales)	¥3B	¥2B	¥3B	¥2B	¥2B	¥1B
Operating Margin (%)	-3.3%	-4.4%	-4.5%	-6.0%	10.2%	2.5%
Net Profit (owners)	¥-0B	¥-0B	¥-0B	¥-0B	¥0B	¥0B
Net Profit Margin (%)	-3.8%	-6.6%	-3.9%	-17.4%	21.9%	3.7%
Working Capital	¥-0B	¥0B	¥0B	¥-0B	¥0B	¥1B
Total Debt (Interest-bearing)	¥1B	¥1B	¥1B	¥1B	¥1B	¥0B
Net Worth (Common Equity)	¥0B	¥0B	¥0B	¥-0B	¥3B	¥3B
Return on Total Assets (ROA)	-10.0%	-15.6%	-12.9%	-39.9%	9.4%	1.2%
Return on Common Equity (ROE)	-182.7%	-64.0%	-87.4%	—	16.1%	1.4%

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.