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Consumer Non-Durables


Business Summary

CALBEE, Inc. engages in the manufacture and sale of snacks and food products. It operates through the Food Manufacturing and Sales; and Other divisions. The Food Manufacturing and Sales division handles the production of potato, wheat, and corn-based snacks and cereals. The Other division manages logistics business. The company was founded on April 30, 1949 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2023 JPYUSD
Gross Profit90,101M664.86M
Operating income22,121M163.23M
Income before tax22,641M167.07M
Net income14,772M109.00M
Diluted EPS115.150.84
Dividends Per Share520.38
Total Assets239,095M1,796.49M
Total liabilities56,407M423.82M
Total equity174,112M1,308.22M
Operating cash flow19,310M142.49M
Currency in JPYCurrency in USD

Historical Data

 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 248,655M 255,938M 266,745M 245,419M 279,315M
Gross Profit 111,083M 114,981M 117,685M 83,869M 90,101M
Operating income 26,873M 27,542M 26,925M 25,037M 22,121M
Income before tax 28,469M 25,743M 26,381M 26,748M 22,641M
Net income 19,428M 17,539M 17,682M 18,053M 14,772M
EBITDA 35,654M 36,705M 37,729M 36,045M 34,147M
Diluted EPS 145.33 131.20 132.29 136.24 115.15
Dividends Per Share 48 50 50 52 52
Total Assets 202,750M 214,967M 238,978M 236,598M 239,095M
Total liabilities 42,256M 45,332M 56,234M 53,137M 56,407M
Total equity 153,935M 163,242M 175,369M 175,380M 174,112M
Operating cash flow 27,620M 40,449M 30,450M 22,327M 19,310M
 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 2,242.26M 2,353.97M 2,515.09M 2,183.97M 2,061.09M
Gross Profit 1,001.69M 1,057.53M 1,109.63M 746.34M 664.86M
Operating income 242.32M 253.31M 253.87M 222.80M 163.23M
Income before tax 256.72M 236.76M 248.74M 238.02M 167.07M
Net income 175.19M 161.31M 166.72M 160.65M 109.00M
EBITDA 321.51M 337.59M 355.74M 320.76M 251.97M
Diluted EPS 1.31 1.20 1.24 1.21 0.84
Dividends Per Share 0.43 0.45 0.47 0.46 0.38
Total Assets 1,831.77M 1,991.26M 2,162.69M 1,949.31M 1,796.49M
Total liabilities 381.76M 419.91M 508.90M 437.79M 423.82M
Total equity 1,390.74M 1,512.13M 1,587.04M 1,444.94M 1,308.22M
Operating cash flow 249.06M 372.02M 287.10M 198.68M 142.49M

Valuation Measures

Mar 2023
Operating margin7.91%
Profit margin5.28%


  • President, CEO & Representative Director: Makoto Ehara
  • Senior Managing Director: Koichi Kikuchi
  • Executive Officer & General Manager-Technology: Kenichi Ono
  • Executive Officer, GM-Research & Development: Eizaburo Endo
  • Chief Branding Officer & Executive Officer: Takanori Koizumi


  • PepsiCo, Inc. (20.0%)
  • CALBEE, Inc. (6.7%)
  • Baillie Gifford & Co. (4.9%)
  • GIC Pte Ltd. (Investment Management) (2.7%)
  • Nomura Asset Management Co., Ltd. (2.2%)
  • The Vanguard Group, Inc. (1.7%)
  • T. Rowe Price International Ltd. (1.6%)
  • Calbee Employee Stock Ownership Plan (1.5%)
  • The Torigoe Co., Ltd. (1.4%)

Contact Details

  • Website:
  • Address: Marunouchi Trust Tower Main, 22/F, 1-8-3 Marunouchi, Tokyo, 100-0005, Japan
  • Phone: +81.3.5220.6222

Related Companies

  • Calbee Australia Pty Ltd.
  • Calbee (China) Co., Ltd.
  • Studio Socio, Inc.
  • Calbee Eatalk Co., Ltd.
  • Calbee Moh Seng Pte Ltd.
  • Calbee Employee Incentive Plan
  • Greenday Global Co. Ltd.
  • Calbee Board Member Incentive Plan
  • Haitai-Calbee Co., Ltd.
  • Yantai Calbee Co., Ltd.
  • CFSS Co., Ltd.
  • Qingdao Calbee Foods Co. Ltd.
  • Calbee Group (UK) Ltd.
  • Calbee Four Seas Co., Ltd.
  • Calbee Foods Co., Ltd.
  • Oisia KK
  • Calbee Employee Stock Ownership Plan
  • Calbee Tanawat Co., Ltd.
  • Oishia KK
  • Calbee Konan KK
  • Calbee Potato, Inc.
  • Calbee Logistics, Inc.
  • Potato Kaitsuka Co., Ltd.
  • Carnac KK
  • Japan Frito-Lay Ltd.
  • Calbee America, Inc.


  • YanGuFang International Group Co., Ltd.
Last Updated on 21 Sep, 2023

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