2935
PICKLES HOLDINGS CO.,LTD.
株式会社ピックルスホールディングス
Foods
Pickles Holdings Co.,Ltd., through its subsidiaries, manufactures and sells pickled vegetables and side dishes in Japan. It also engages in the restaurant and retail business; and agricultural business. The company was founded in 1977 and is headquartered in Tokorozawa, 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 2022
EDINET ↗
Net Sales
¥40.9B
¥41.5B
¥43.0B
¥41.1B
Cost of Sales
¥32.0B
¥33.3B
¥34.4B
¥32.4B
Gross Profit
¥8.9B
¥8.2B
¥8.6B
¥8.6B
SG&A
¥6.8B
¥6.9B
¥7.0B
¥7.1B
Operating Income
¥2.1B
¥1.3B
¥1.7B
¥1.5B
Non-Operating Income
¥97M
¥102M
¥128M
¥136M
Dividend Income
¥12M
¥10M
¥9M
¥8M
Interest Income
¥5M
¥2M
¥0M
¥0M
Non-Operating Expenses
¥34M
¥36M
¥24M
¥24M
Interest Expense
¥22M
¥13M
¥6M
¥5M
Ordinary Income
¥2.1B
¥1.3B
¥1.8B
¥1.6B
Pre-tax Income
¥2.1B
¥1.3B
¥1.8B
¥1.7B
Income Taxes
¥711M
¥349M
¥602M
¥513M
Current Tax
¥725M
¥381M
¥669M
¥592M
Deferred Tax
¥-13M
¥-32M
¥-66M
¥-78M
Net Income (owners)
¥1.4B
¥958M
¥1.2B
¥1.1B
Minority Interest
¥-4M
¥-2M
¥0M
¥0M
Comprehensive Income
¥1.5B
¥992M
¥1.2B
¥1.2B
EBITDA
¥3.3B
¥2.4B
¥2.7B
¥2.6B
Goodwill Amort. (J-GAAP)
¥98M
¥98M
¥98M
¥98M
EPS
¥110.70
¥77.09
¥94.29
¥88.80
Shares Outstanding
12.5M
12.4M
12.4M
12.6M
Shares Issued (total)
12.9M
12.9M
12.9M
12.9M
Treasury Shares
0.3M
0.4M
0.4M
0.3M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
Total Assets
¥30.2B
¥30.2B
¥27.7B
¥26.3B
Current Assets
¥11.6B
¥10.9B
¥12.6B
¥11.2B
Cash & Deposits
¥6.2B
¥5.0B
¥7.8B
¥5.9B
Trade Receivables
¥4.5B
¥4.1B
¥4.1B
¥4.2B
Non-Current Assets
¥18.6B
¥19.4B
¥15.1B
¥15.1B
PP&E
¥17.1B
¥17.8B
¥13.4B
¥13.4B
Goodwill
¥8M
¥107M
¥206M
¥304M
Intangible Assets
¥76M
¥186M
¥326M
¥463M
Investment Securities
¥872M
¥726M
¥677M
¥617M
Deferred Tax Assets
¥548M
¥586M
¥571M
¥511M
Total Liabilities
¥10.2B
¥11.4B
¥9.5B
¥8.9B
Current Liabilities
¥6.6B
¥8.0B
¥6.7B
¥7.3B
ST Debt
¥839M
¥2.7B
¥1.5B
¥2.1B
Taxes Payable
¥604M
¥163M
¥449M
¥220M
Non-Current Liabilities
¥3.5B
¥3.3B
¥2.8B
¥1.6B
Total LT Borrowings
¥2.3B
¥2.2B
¥1.6B
¥528M
Pension Obligations
¥857M
¥836M
¥818M
¥762M
Deferred Tax Liab.
¥19M
¥15M
¥17M
¥10M
Total Equity
¥20.1B
¥18.9B
¥18.3B
¥17.4B
Capital Stock
¥100M
¥100M
¥100M
¥100M
Capital Surplus
¥2.8B
¥2.8B
¥2.8B
¥2.8B
Retained Earnings
¥16.8B
¥15.8B
¥15.3B
¥14.4B
Treasury Stock
¥-391M
¥-499M
¥-499M
¥-324M
AOCI
¥307M
¥206M
¥170M
¥142M
Equity (owners)
¥19.3B
¥18.2B
¥17.7B
¥17.0B
Minority Interests
¥16M
¥21M
¥11M
¥0M
Total Interest-Bearing Debt ⓘ
¥3.2B
¥4.8B
¥3.1B
¥2.6B
Net Cash ⓘ
¥3.1B
¥156M
¥4.6B
¥3.3B
NCAV ⓘ
¥1.4B
¥-470M
¥3.2B
¥2.3B
NCAV/Share
¥114
¥-38
¥254
¥186
BV/Share
¥1,544
¥1,466
¥1,425
¥1,351
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
Operating CF
¥4.2B
¥831M
¥2.7B
¥1.7B
Interest Paid
¥-16M
¥-11M
¥-6M
¥-5M
Interest Received
¥21M
¥15M
¥11M
¥11M
D&A
¥1.1B
¥1.0B
¥940M
¥980M
Goodwill Amort.
¥98M
¥98M
¥98M
¥98M
Investing CF
¥-428M
¥-4.7B
¥-950M
¥-882M
CapEx
¥391M
¥4.7B
¥935M
¥827M
Purchase Investments
¥-9M
¥-10M
¥-11M
¥-10M
Proceeds from Invest.
—
¥0M
—
¥9M
Financing CF
¥-2.5B
¥1.1B
¥45M
¥-876M
Dividends Paid
¥-361M
¥-446M
¥-276M
¥-256M
Share Buybacks
—
—
¥-174M
¥-324M
LT Debt Repaid
¥-1.6B
¥-400M
¥-806M
¥-885M
Free Cash Flow
¥3.8B
¥-3.9B
¥1.8B
¥838M
Net Change in Cash
¥1.2B
¥-2.8B
¥1.8B
¥-93M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
ROE
7.3%
5.3%
6.7%
6.8%
ROA
4.6%
3.3%
4.4%
4.3%
EPS
¥110.70
¥77.09
¥94.29
¥88.80
DPS
¥29.00
¥26.00
¥24.00
¥22.00
BPS
¥1,568.51
¥1,482.42
¥1,438.45
¥1,362.11
FCF/Share
¥304
¥-311
¥143
¥67
NCAV/Share
¥114
¥-38
¥254
¥186
Payout Ratio
26.2%
33.7%
25.5%
24.8%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 6
Date Activist Stake Event Flag Demands Source
2026-05-22
FMR LLC
6.05%
-1.14%
change
Passive
—
2026-03-23
FMR LLC
7.19%
change
Passive
—
2026-03-23
Sumitomo Mitsui DS Asset Management Company, Limited
5.31%
initial_5pct
Passive
—
2026-03-06
FMR LLC
7.19%
-0.8%
change
Passive
—
2025-11-21
FMR LLC
7.99%
-1.05%
change
Passive
—
2024-02-07
FMR LLC
9.04%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 3
#
Shareholder
Shares (thou.)
% of Total
1
東海漬物株式会社
1,953
15.59%
2
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)
919
7.34%
3
荻野 芳隆
483
3.86%
4
Business Partner Stock Ownership Plan
ピックルスホールディングス取引先持株会
375
3.00%
5
Saitama Resona Bank
株式会社埼玉りそな銀行
366
2.92%
6
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
335
2.67%
7
株式会社セブン-イレブン・ジャパン
280
2.23%
8
STATE STREET BANK AND TRUST CLIENT OMNIBUS ACCOUNT OM02 505002 (常任代理人 株式会社みずほ銀行決済営業部)
238
1.90%
9
BBH FOR FIDELITY LOW-PRICED STOCK FUND (常任代理人 株式会社三菱UFJ銀行)
232
1.85%
10
株式会社武蔵野銀行 (常任代理人 日本マスタートラスト信託銀行株式会社)
200
1.60%
Domestic Nominees
10.0%
-1.3% vs 2025
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2025
Sub-custodians for foreign asset managers
Direct / Strategic
33.0%
-1.2% vs 2025
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
2026
東海漬物
15.52%
15.71%
15.71%
15.59%
-0.12%
Japan Master Trust Bank
日本マスタートラスト信託銀行
7.81%
8.69%
9.06%
7.34%
-1.72%
荻野 芳隆
3.84%
3.89%
3.89%
3.86%
-0.03%
Business Partner Stock Ownership Plan
ピックルスホールディングス取引先持株会
2.06%
2.34%
2.66%
3.00%
+0.34%
Saitama Resona Bank
りそな銀行
2.91%
2.94%
2.94%
2.92%
-0.02%
Japan Custody Bank
日本カストディ銀行
2.05%
2.25%
2.21%
2.67%
+0.46%
式会社セブン-イレブン・ジャパン
2.23%
2.25%
2.25%
2.23%
-0.02%
STATE STREET BANK AND TRUST CLIENT OMNIBUS ACCOUNT OM02 505002
—
—
1.91%
1.90%
-0.01%
BBH FOR FIDELITY LOW-PRICED STOCK FUND
—
—
2.75%
1.85%
-0.90%
式会社武蔵野銀行
NEW ENTRY
—
—
—
—
1.60%
NEW
Nomura Trust & Banking
野村信託銀行株式会社(投信口)
last seen 2025
Exited Top 10
1.96%
1.99%
2.01%
—
State Street
last seen 2024
Exited Top 10
1.78%
1.91%
—
—
ビービーエイチ フオー フイデリテイ ロー プライスド ストツク フアンド(プリンシパル オール セクター サブポートフオリオ)
last seen 2024
Exited Top 10
2.83%
2.83%
—
—
Concentration (HHI)
ⓘ
354
377
385
351
4 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥142M
+58% since 2023
Holdings
3
Trend
Stable
vs 2023
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding