Consumer Non-Durables

ITO EN, LTD.

Business Summary

ITO EN, LTD. engages in the production and marketing of tea leaves and beverages. It operates through the following segments: Leaf & Drink-related Business, Food-related Business, and Others. The Leaf & Drink-related Business segment produces and sells green, black, barley, and oolong tea. The Food-related Business segment manages franchise operations of specialty coffee shops. The Others segment engages in the manufacture and sale of supplements. The company was founded on August 22, 1966 and is headquartered in Tokyo, Japan.

Financial Highlights

Apr 2023	JPY	USD
Revenue	431,674M	3,172.16M
Gross Profit	157,664M	1,158.59M
Operating income	19,589M	143.95M
Income before tax	19,684M	144.64M
Net income	12,889M	94.71M
EBITDA	31,016M	227.92M
Diluted EPS	99.57	0.73
Dividends Per Share	40	0.29
Total Assets	338,774M	2,487.96M
Total liabilities	166,511M	1,222.86M
Total equity	170,724M	1,253.80M
Operating cash flow	23,773M	174.69M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Apr 2019	Apr 2020	Apr 2021	Apr 2022	Apr 2023
Revenue	504,153M	483,360M	446,281M	400,769M	431,674M
Gross Profit	229,079M	221,798M	204,796M	150,428M	157,664M
Operating income	22,820M	19,941M	16,676M	18,794M	19,589M
Income before tax	22,486M	14,368M	13,395M	20,343M	19,684M
Net income	14,462M	7,793M	7,012M	12,929M	12,889M
EBITDA	38,008M	34,806M	30,369M	31,135M	31,016M
Diluted EPS	110.91	60.02	54.01	99.62	99.57
Dividends Per Share	40	40	40	40	40
Total Assets	303,981M	290,651M	333,065M	328,359M	338,774M
Total liabilities	153,056M	140,955M	180,006M	165,344M	166,511M
Total equity	149,796M	148,482M	151,921M	161,758M	170,724M
Operating cash flow	26,128M	24,719M	25,351M	22,226M	23,773M

	Apr 2019	Apr 2020	Apr 2021	Apr 2022	Apr 2023
Revenue	4,533.12M	4,458.60M	4,203.92M	3,523.86M	3,172.16M
Gross Profit	2,059.78M	2,045.90M	1,929.15M	1,322.67M	1,158.59M
Operating income	205.18M	183.93M	157.08M	165.25M	143.95M
Income before tax	202.18M	132.53M	126.17M	178.87M	144.64M
Net income	130.03M	71.88M	66.05M	113.68M	94.71M
EBITDA	341.75M	321.05M	286.07M	273.76M	227.92M
Diluted EPS	0.99	0.55	0.50	0.87	0.73
Dividends Per Share	0.35	0.36	0.37	0.35	0.29
Total Assets	2,729.34M	2,718.01M	3,047.11M	2,534.41M	2,487.96M
Total liabilities	1,374.24M	1,318.13M	1,646.82M	1,276.19M	1,222.86M
Total equity	1,344.96M	1,388.52M	1,389.88M	1,248.51M	1,253.80M
Operating cash flow	234.93M	228.01M	238.80M	195.42M	174.69M

Valuation Measures

Apr 2023
PER	42.14
ROA	3.86%
ROE	7.75%
Operating margin	4.53%
Profit margin	2.98%

Management

President & Representative Director: Daisuke Honjo
Vice Chairman, Head-Compliance & Production: Shunji Hashimoto
Director, Vice President & Head-Administration: Minoru Watanabe
Representative Director, VP & Senior GM-Sales: Shusuke Honjo
Executive Officer & Manager-Internal Audit: Masato Kawamoto

Shareholders

HONJO FAMILY (19.7%)
Invesco Asset Management (Japan) Ltd. (9.9%)
Honjo International Scholarship Foundation (5.8%)
HONJO HACHIRO (2.7%)
Nomura Asset Management Co., Ltd. (2.2%)
Toyo Seikan Group Holdings Ltd. (2.1%)
ITO EN Employee Stock Ownership Plan (2.1%)
Resona Holdings, Inc. (2.1%)
The Vanguard Group, Inc. (2.0%)
HONJO DAISUKE (1.3%)

Contact Details

Website:http://www.itoen.co.jp
Address: 3-47-10 Hon-machi, Shibuya-Ku, Tokyo, 151-8550, Japan
Phone: +81.3.5371.7111

Related Companies

Green Value Co., Ltd.
Neos Corp.
ITO EN Asia Pacific Holdings Pte Ltd.
Ningbo Shunyi Tea Products Co. Ltd.
ITO EN Beverage (Shanghai) Ltd.
ITO EN Australia Pty Ltd.
ITO EN Singapore Pte Ltd.
PT ITO EN Ultrajaya Wholesale
ITO EN Kansai Chagyo Ltd.
Tully's Coffee Japan Co., Ltd.
Okinawa ITO EN Ltd.
ITO EN ITOCHU Mineral Waters Co., Ltd.
ITO EN Sangyo Ltd.
Chichiyasu KK
TSUCHIKURA Co., Ltd.
Sentry Manufacturing, Inc.
ITO EN (Hawaii) LLC
ITO EN (North America) INC.
ITO EN Employee Stock Ownership Plan
Honjo International Scholarship Foundation
FOODX Globe Co., Ltd.

Competitors

Farmer Bros. Co.

Last Updated on 25 Sep, 2023