ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Consumer Non-Durables


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 JPYUSD
Gross Profit157,664M1,158.59M
Operating income19,589M143.95M
Income before tax19,684M144.64M
Net income12,889M94.71M
Diluted EPS99.570.73
Dividends Per Share400.29
Total Assets338,774M2,487.96M
Total liabilities166,511M1,222.86M
Total equity170,724M1,253.80M
Operating cash flow23,773M174.69M
Currency in JPYCurrency in USD

Historical Data

 Apr 2019Apr 2020Apr 2021Apr 2022Apr 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 2019Apr 2020Apr 2021Apr 2022Apr 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
Operating margin4.53%
Profit margin2.98%


  • 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


  • 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:
  • 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.


  • Farmer Bros. Co.
Last Updated on 25 Sep, 2023

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more