JP-listed companies
Kewpie Corporation

Kewpie CorporationJP:2809

Market cap

¥496.2B

P/E ratio

32x

Income statement Balance sheet Cash flow

	Nov 30, 2012	Nov 30, 2013	Nov 30, 2014	Nov 30, 2015	Nov 30, 2016	Nov 30, 2017	Nov 30, 2018	Nov 30, 2019	Nov 30, 2020	Nov 30, 2021	Nov 30, 2022	Nov 30, 2023
Cash and deposits	-	33,967	34,815	29,844	35,794	29,618	38,493	46,777	56,835	58,343	57,825	66,610
Notes and accounts receivable - trade	-	77,460	81,498	78,151	75,134	78,212	77,034	83,651	73,783	56,875	59,414	64,515
Accounts receivable - trade	-	-	-	-	-	-	-	-	-	56,858	59,390	64,500
Securities	-	10,000	10,000	5,000	5,000	12,000	9,500	10,000	10,000	10,000	10,000	2,000
Merchandise and finished goods	-	12,478	14,811	17,178	15,669	16,355	16,695	17,392	16,214	18,277	20,867	27,939
Work in process	-	950	1,142	979	972	972	963	2,354	1,398	1,369	2,659	2,064
Raw materials and supplies	-	5,878	6,995	10,247	9,229	11,377	10,595	9,089	9,609	10,419	13,551	13,990
Other	-	3,801	3,079	3,996	5,268	5,192	5,566	5,951	6,696	2,303	3,524	5,329
Allowance for doubtful accounts	-	-242	-203	-176	-173	-222	-446	-426	-523	-137	-115	-370
Other	-	3,801	3,079	3,996	5,268	5,192	5,566	5,951	6,696	2,303	3,524	5,329
Current assets	-	146,435	154,593	148,518	150,160	156,332	161,426	174,790	174,012	157,451	167,726	182,080
Allowance for doubtful accounts	-	-242	-203	-176	-173	-222	-446	-426	-523	-137	-115	-370
Current assets	-	146,435	154,593	148,518	150,160	156,332	161,426	174,790	174,012	157,451	167,726	182,080
Buildings and structures	-	138,035	151,166	168,599	179,789	185,446	181,314	183,036	191,496	157,939	162,131	159,074
Accumulated depreciation	-	-82,213	-86,759	-95,402	-99,764	-104,416	-106,708	-108,069	-110,485	-93,161	-97,130	-97,560
Buildings and structures, net	-	55,822	64,406	73,196	80,024	81,030	74,605	74,966	81,011	64,777	65,001	61,514
Machinery, equipment and vehicles	-	133,368	142,058	155,974	161,169	170,766	175,809	179,442	183,338	149,308	153,551	152,809
Accumulated depreciation	-	-109,274	-113,659	-121,743	-122,204	-121,373	-123,835	-123,953	-121,934	-106,897	-111,171	-111,556
Machinery, equipment and vehicles, net	-	24,094	28,399	34,231	38,965	49,393	51,974	55,488	61,403	42,411	42,379	41,252
Land	-	42,191	46,109	47,468	48,099	49,820	52,084	52,178	53,504	30,850	30,529	30,762
Leased assets	-	6,158	7,573	7,734	8,102	9,729	8,966	9,768	12,106	5,562	5,544	5,817
Accumulated depreciation	-	-2,523	-3,256	-2,950	-3,427	-4,257	-4,205	-4,340	-4,638	-1,713	-2,048	-2,253
Leased assets	-	3,634	4,317	4,784	4,675	5,472	4,761	5,427	7,467	3,848	3,496	3,564
Construction in progress	-	7,401	7,144	3,742	7,238	4,571	11,223	15,268	5,352	2,488	3,446	7,093
Land	-	42,191	46,109	47,468	48,099	49,820	52,084	52,178	53,504	30,850	30,529	30,762
Other	-	10,544	11,894	13,542	14,820	15,707	16,183	16,415	17,247	12,497	13,223	13,256
Accumulated depreciation	-	-7,860	-8,720	-10,150	-10,444	-11,248	-11,977	-12,286	-13,184	-10,340	-11,027	-11,244
Other, net	-	2,684	3,173	3,392	4,375	4,459	4,206	4,129	4,062	2,157	2,196	2,011
Leased assets	-	3,634	4,317	4,784	4,675	5,472	4,761	5,427	7,467	3,848	3,496	3,564
Property, plant and equipment	-	135,828	153,550	166,815	183,378	194,746	198,856	207,459	212,802	146,532	147,050	146,199
Construction in progress	-	7,401	7,144	3,742	7,238	4,571	11,223	15,268	5,352	2,488	3,446	7,093
Property, plant and equipment	-	135,828	153,550	166,815	183,378	194,746	198,856	207,459	212,802	146,532	147,050	146,199
Goodwill	-	-	183	1,785	1,563	3,778	1,233	989	2,014	552	364	182
Software	-	1,857	2,456	3,176	3,129	3,210	4,322	6,399	9,383	10,979	13,768	13,768
Other	-	810	748	697	982	1,369	737	2,531	4,084	1,771	1,506	1,856
Intangible assets	-	2,667	3,388	5,659	5,675	8,359	6,293	9,921	15,144	13,303	15,639	15,807
Investment securities	-	23,536	26,568	28,547	27,408	34,495	29,673	27,225	27,110	43,629	45,633	48,975
Long-term loans receivable	-	593	501	492	450	519	879	901	1,497	973	850	595
Long-term loans receivable	-	593	501	492	450	519	879	901	1,497	973	850	595
Retirement benefit asset	-	-	8,207	12,427	7,413	12,630	11,552	9,898	9,601	11,128	18,656	25,630
Prepaid pension costs	-	15,736	-	-	-	-	-	-	-	-	-	-
Deferred tax assets	-	-	-	-	-	-	-	3,625	3,870	2,981	2,749	2,308
Other	-	9,078	8,872	9,424	9,657	10,278	10,449	10,664	10,504	5,123	5,198	4,499
Allowance for doubtful accounts	-	-575	-540	-499	-213	-182	-181	-177	-188	-120	-119	-91
Other	-	9,078	8,872	9,424	9,657	10,278	10,449	10,664	10,504	5,123	5,198	4,499
Investments and other assets	-	49,724	45,462	52,023	46,700	59,769	56,184	52,138	52,396	63,715	72,969	81,918
Allowance for doubtful accounts	-	-575	-540	-499	-213	-182	-181	-177	-188	-120	-119	-91
Investments and other assets	-	49,724	45,462	52,023	46,700	59,769	56,184	52,138	52,396	63,715	72,969	81,918
Non-current assets	-	188,220	202,401	224,498	235,754	262,875	261,334	269,519	280,263	223,552	235,658	243,926
Assets	-	334,655	356,994	373,017	385,914	419,207	421,373	444,309	454,276	381,003	403,384	426,006
Notes and accounts payable - trade	-	50,786	53,775	45,192	47,050	48,008	44,518	53,299	41,828	28,015	33,051	33,414
Short-term borrowings	-	8,312	7,859	9,096	8,301	8,037	9,496	7,322	12,153	11,591	3,058	17,200
Accounts payable - other	-	20,113	25,294	19,153	22,074	17,547	17,025	20,406	14,480	17,908	17,001	17,577
Income taxes payable	-	2,725	5,278	3,960	7,016	4,005	6,775	4,208	3,901	4,182	2,157	2,330
Accrued expenses	-	9,140	9,826	13,273	12,809	6,533	6,462	6,769	6,986	4,622	2,118	2,291
Accrued expenses	-	9,140	9,826	13,273	12,809	6,533	6,462	6,769	6,986	4,622	2,118	2,291
Income taxes payable	-	2,725	5,278	3,960	7,016	4,005	6,775	4,208	3,901	4,182	2,157	2,330
Provision for bonuses	-	1,117	1,054	1,541	1,826	1,831	1,937	2,083	1,817	1,442	1,487	1,650
Provision for bonuses for directors (and other officers)	-	139	112	169	160	121	116	151	163	86	74	71
Other	-	2,637	1,910	2,094	2,162	3,699	3,672	3,852	4,242	6,281	6,303	6,835
Current liabilities	-	95,901	106,097	94,870	102,245	90,697	100,903	99,006	86,373	71,199	65,252	81,372
Bonds payable	-	10,000	10,000	10,000	10,000	10,000	-	10,000	10,000	10,000	10,000	10,000
Long-term borrowings	-	3,711	6,632	6,343	12,498	35,947	36,664	42,616	51,861	16,356	16,070	784
Deferred tax liabilities	-	-	-	-	-	-	-	5,344	6,223	5,856	9,558	12,766
Lease liabilities	-	-	3,398	3,727	3,774	4,506	3,804	4,631	6,084	3,780	3,337	3,807
Provision for retirement benefits	-	2,315	-	-	-	-	-	-	-	-	-	-
Deferred tax liabilities	-	-	-	-	-	-	-	5,344	6,223	5,856	9,558	12,766
Retirement benefit liability	-	-	2,581	3,075	3,893	3,147	3,546	3,306	3,619	2,750	2,840	2,107
Other	-	4,639	4,980	1,578	1,392	1,286	1,508	1,463	1,539	1,537	1,434	3,588
Asset retirement obligations	-	332	653	748	1,112	1,120	1,123	1,187	1,218	221	267	275
Non-current liabilities	-	28,468	30,499	33,429	37,807	65,077	54,370	68,550	80,546	40,502	43,508	33,330
Other	-	4,639	4,980	1,578	1,392	1,286	1,508	1,463	1,539	1,537	1,434	3,588
Non-current liabilities	-	28,468	30,499	33,429	37,807	65,077	54,370	68,550	80,546	40,502	43,508	33,330
Liabilities	-	124,369	136,596	128,299	140,053	155,775	155,273	167,556	166,920	111,702	108,761	114,702
Share capital	-	24,104	24,104	24,104	24,104	24,104	24,104	24,104	24,104	24,104	24,104	24,104
Capital surplus	-	29,434	30,309	30,302	30,300	29,425	29,543	29,483	28,647	28,632	28,634	28,638
Capital surplus	-	29,434	30,309	30,302	30,300	29,425	29,543	29,483	28,647	28,632	28,634	28,638
Retained earnings	-	132,491	142,489	155,557	166,765	170,583	183,431	196,551	201,705	194,015	203,515	209,740
Retained earnings	-	132,491	142,489	155,557	166,765	170,583	183,431	196,551	201,705	194,015	203,515	209,740
Treasury shares	-	-3,392	-1,150	-1,416	-6,123	-6,603	-15,859	-15,862	-15,865	-5,838	-5,840	-5,842
Shareholders' equity	-	182,638	195,752	208,548	215,047	217,509	221,219	234,276	238,592	240,913	250,413	256,639
Valuation difference on available-for-sale securities	-	4,771	5,902	9,330	8,916	13,429	10,618	9,045	8,882	8,690	9,348	11,939
Valuation and translation adjustments	-	1,566	-701	5,525	-2,426	8,929	5,112	1,275	1,153	4,727	17,244	25,244
Deferred gains or losses on hedges	-	-4	4	-8	79	-3	-28	6	-4	8	-1	-2
Foreign currency translation adjustment	-	-3,200	-1,234	-552	-3,947	-1,141	-1,459	-3,241	-3,408	-962	5,911	7,037
Remeasurements of defined benefit plans	-	-	-5,373	-3,243	-7,474	-3,354	-4,018	-4,534	-4,315	-3,008	1,985	6,269
Valuation and translation adjustments	-	1,566	-701	5,525	-2,426	8,929	5,112	1,275	1,153	4,727	17,244	25,244
Net assets	195,928	210,285	220,397	245,929	245,861	263,432	266,100	276,753	287,356	269,301	294,623	311,303
Non-controlling interests	-	-	-	31,780	33,240	36,992	39,768	41,201	47,612	23,660	26,965	29,419
Net assets	195,928	210,285	220,397	245,929	245,861	263,432	266,100	276,753	287,356	269,301	294,623	311,303
Liabilities and net assets	-	334,655	356,994	373,017	385,914	419,207	421,373	444,309	454,276	381,003	403,384	426,006