Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Outside Director Misa Machida was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Dec 12
Kobe Bussan Co., Ltd., Annual General Meeting, Jan 29, 2026 Kobe Bussan Co., Ltd., Annual General Meeting, Jan 29, 2026. Aankondiging • Oct 02
Kobe Bussan Co., Ltd. to Report Fiscal Year 2025 Results on Dec 12, 2025 Kobe Bussan Co., Ltd. announced that they will report fiscal year 2025 results on Dec 12, 2025 Aankondiging • Jul 03
Kobe Bussan Co., Ltd. to Report Q3, 2025 Results on Sep 11, 2025 Kobe Bussan Co., Ltd. announced that they will report Q3, 2025 results on Sep 11, 2025 Aankondiging • Mar 20
Kobe Bussan Co., Ltd. to Report Q2, 2025 Results on Jun 12, 2025 Kobe Bussan Co., Ltd. announced that they will report Q2, 2025 results on Jun 12, 2025 Aankondiging • Jan 22
Kobe Bussan Co., Ltd. (TSE:3038) agreed to acquire Uehara Foods Industry Co., Ltd. from Adeka Corporation (TSE:4401) for Approximately ¥700 million. Kobe Bussan Co., Ltd. (TSE:3038) agreed to acquire Uehara Foods Industry Co., Ltd. from Adeka Corporation (TSE:4401) for Approximately ¥700 million on January 22, 2025. A cash consideration of ¥700 million will be paid by Kobe Bussan Co., Ltd. As part of consideration, ¥700 million is paid towards common equity of Uehara Foods Industry Co., Ltd.
For the period ending March 31, 2024, Uehara Foods Industry Co., Ltd. reported total revenue of ¥1.56 billion, operating loss of ¥14 million and net loss of ¥16 million. As of March 31, 2024, Uehara Foods Industry Co., Ltd. reported total assets of ¥908 million and net liabilities of ¥590 million.
The expected completion of the transaction is April 1, 2025. Aankondiging • Jan 18
Kobe Bussan Co., Ltd. to Report Q1, 2025 Results on Mar 14, 2025 Kobe Bussan Co., Ltd. announced that they will report Q1, 2025 results on Mar 14, 2025 Aankondiging • Dec 13
Kobe Bussan Co., Ltd., Annual General Meeting, Jan 29, 2025 Kobe Bussan Co., Ltd., Annual General Meeting, Jan 29, 2025. Upcoming Dividend • Oct 23
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 30 October 2024. Payment date: 15 January 2025. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.0%). Aankondiging • Oct 03
Kobe Bussan Co., Ltd. to Report Fiscal Year 2024 Results on Dec 13, 2024 Kobe Bussan Co., Ltd. announced that they will report fiscal year 2024 results on Dec 13, 2024 Reported Earnings • Sep 15
Third quarter 2024 earnings released: EPS: JP¥11.33 (vs JP¥29.48 in 3Q 2023) Third quarter 2024 results: EPS: JP¥11.33 (down from JP¥29.48 in 3Q 2023). Revenue: JP¥129.2b (up 11% from 3Q 2023). Net income: JP¥2.50b (down 61% from 3Q 2023). Profit margin: 1.9% (down from 5.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Aankondiging • Jun 20
Kobe Bussan Co., Ltd. to Report Q3, 2024 Results on Sep 11, 2024 Kobe Bussan Co., Ltd. announced that they will report Q3, 2024 results on Sep 11, 2024 Reported Earnings • Jun 17
Second quarter 2024 earnings released: EPS: JP¥30.89 (vs JP¥35.38 in 2Q 2023) Second quarter 2024 results: EPS: JP¥30.89 (down from JP¥35.38 in 2Q 2023). Revenue: JP¥127.2b (up 12% from 2Q 2023). Net income: JP¥6.82b (down 12% from 2Q 2023). Profit margin: 5.4% (down from 6.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 18
First quarter 2024 earnings released: EPS: JP¥25.03 (vs JP¥6.15 in 1Q 2023) First quarter 2024 results: EPS: JP¥25.03 (up from JP¥6.15 in 1Q 2023). Revenue: JP¥120.9b (up 12% from 1Q 2023). Net income: JP¥5.52b (up 310% from 1Q 2023). Profit margin: 4.6% (up from 1.2% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 03
Full year 2023 earnings released: EPS: JP¥93.59 (vs JP¥95.35 in FY 2022) Full year 2023 results: EPS: JP¥93.59 (down from JP¥95.35 in FY 2022). Revenue: JP¥461.5b (up 14% from FY 2022). Net income: JP¥20.6b (down 1.3% from FY 2022). Profit margin: 4.5% (down from 5.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Aankondiging • Dec 31
Kobe Bussan Co., Ltd. to Report Q2, 2024 Results on Jun 13, 2024 Kobe Bussan Co., Ltd. announced that they will report Q2, 2024 results on Jun 13, 2024 Aankondiging • Dec 17
Kobe Bussan Co., Ltd., Annual General Meeting, Jan 30, 2024 Kobe Bussan Co., Ltd., Annual General Meeting, Jan 30, 2024. Reported Earnings • Dec 17
Full year 2023 earnings released: EPS: JP¥93.59 (vs JP¥95.35 in FY 2022) Full year 2023 results: EPS: JP¥93.59 (down from JP¥95.35 in FY 2022). Revenue: JP¥461.5b (up 14% from FY 2022). Net income: JP¥20.6b (down 1.3% from FY 2022). Profit margin: 4.5% (down from 5.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 2% per year. Upcoming Dividend • Oct 23
Upcoming dividend of JP¥22.00 per share at 0.6% yield Eligible shareholders must have bought the stock before 30 October 2023. Payment date: 12 January 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.5%). Reported Earnings • Sep 17
Third quarter 2023 earnings released: EPS: JP¥29.48 (vs JP¥22.40 in 3Q 2022) Third quarter 2023 results: EPS: JP¥29.48 (up from JP¥22.40 in 3Q 2022). Revenue: JP¥116.8b (up 15% from 3Q 2022). Net income: JP¥6.48b (up 32% from 3Q 2022). Profit margin: 5.5% (up from 4.8% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Jun 17
Second quarter 2023 earnings released: EPS: JP¥35.38 (vs JP¥27.09 in 2Q 2022) Second quarter 2023 results: EPS: JP¥35.38 (up from JP¥27.09 in 2Q 2022). Revenue: JP¥114.0b (up 13% from 2Q 2022). Net income: JP¥7.76b (up 31% from 2Q 2022). Profit margin: 6.8% (up from 5.8% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Consumer Retailing industry in Europe. Reported Earnings • Mar 15
First quarter 2023 earnings released: EPS: JP¥6.15 (vs JP¥23.48 in 1Q 2022) First quarter 2023 results: EPS: JP¥6.15 (down from JP¥23.48 in 1Q 2022). Revenue: JP¥107.9b (up 12% from 1Q 2022). Net income: JP¥1.35b (down 74% from 1Q 2022). Profit margin: 1.2% (down from 5.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Consumer Retailing industry in Europe. Reported Earnings • Feb 02
Full year 2022 earnings released: EPS: JP¥95.35 (vs JP¥90.48 in FY 2021) Full year 2022 results: EPS: JP¥95.35 (up from JP¥90.48 in FY 2021). Revenue: JP¥406.8b (up 12% from FY 2021). Net income: JP¥20.8b (up 6.3% from FY 2021). Profit margin: 5.1% (down from 5.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Consumer Retailing industry in Europe. Aankondiging • Jan 01
Kobe Bussan Co., Ltd. to Report Q1, 2023 Results on Mar 14, 2023 Kobe Bussan Co., Ltd. announced that they will report Q1, 2023 results on Mar 14, 2023 Aankondiging • Dec 17
Kobe Bussan Co., Ltd., Annual General Meeting, Jan 27, 2023 Kobe Bussan Co., Ltd., Annual General Meeting, Jan 27, 2023. Reported Earnings • Dec 16
Full year 2022 earnings released: EPS: JP¥95.35 (vs JP¥90.48 in FY 2021) Full year 2022 results: EPS: JP¥95.35 (up from JP¥90.48 in FY 2021). Revenue: JP¥406.8b (up 12% from FY 2021). Net income: JP¥20.8b (up 6.3% from FY 2021). Profit margin: 5.1% (down from 5.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Retailing industry in Europe. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 7 highly experienced directors. No independent directors (9 non-independent directors). President and Representative Director Hirokazu Numata was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Oct 21
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 28 October 2022. Payment date: 30 January 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (5.1%). Aankondiging • Oct 02
Kobe Bussan Co., Ltd. to Report Fiscal Year 2022 Results on Dec 15, 2022 Kobe Bussan Co., Ltd. announced that they will report fiscal year 2022 results on Dec 15, 2022 Reported Earnings • Sep 14
Third quarter 2022 earnings released: EPS: JP¥22.40 (vs JP¥21.94 in 3Q 2021) Third quarter 2022 results: EPS: JP¥22.40 (up from JP¥21.94 in 3Q 2021). Revenue: JP¥101.9b (up 12% from 3Q 2021). Net income: JP¥4.90b (up 3.1% from 3Q 2021). Profit margin: 4.8% (down from 5.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Consumer Retailing industry in Europe. Aankondiging • Jul 09
Kobe Bussan Co., Ltd. to Report Q3, 2022 Results on Sep 12, 2022 Kobe Bussan Co., Ltd. announced that they will report Q3, 2022 results on Sep 12, 2022 Reported Earnings • Jun 14
Second quarter 2022 earnings released: EPS: JP¥27.09 (vs JP¥25.60 in 2Q 2021) Second quarter 2022 results: EPS: JP¥27.09 (up from JP¥25.60 in 2Q 2021). Revenue: JP¥101.4b (up 11% from 2Q 2021). Net income: JP¥5.92b (up 6.9% from 2Q 2021). Profit margin: 5.8% (down from 6.1% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 10%, compared to a 7.3% growth forecast for the industry in Germany. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 7 highly experienced directors. No independent directors (9 non-independent directors). President and Representative Director Hirokazu Numata was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Buying Opportunity • Apr 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be €33.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Reported Earnings • Mar 15
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: JP¥23.48 (up from JP¥21.29 in 1Q 2021). Revenue: JP¥96.8b (up 14% from 1Q 2021). Net income: JP¥5.12b (up 11% from 1Q 2021). Profit margin: 5.3% (down from 5.4% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 8.6%, compared to a 7.7% growth forecast for the industry in Germany. Buying Opportunity • Mar 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be JP¥37.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% per annum over the last 3 years. Earnings per share has grown by 21% per annum over the last 3 years. Buying Opportunity • Jan 15
Now 20% undervalued Over the last 90 days, the stock is up 3.5%. The fair value is estimated to be JP¥36.80, however is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% per annum over the last 3 years. Earnings per share has grown by 21% per annum over the last 3 years. Reported Earnings • Dec 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥90.48 (up from JP¥69.86 in FY 2020). Revenue: JP¥362.1b (up 6.2% from FY 2020). Net income: JP¥19.6b (up 30% from FY 2020). Profit margin: 5.4% (up from 4.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 9.3%, compared to a 8.0% growth forecast for the retail industry in Germany. Upcoming Dividend • Oct 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 October 2021. Payment date: 29 January 2022. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.7%). Reported Earnings • Sep 15
Third quarter 2021 earnings released: EPS JP¥21.94 (vs JP¥19.07 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥90.9b (up 9.2% from 3Q 2020). Net income: JP¥4.75b (up 16% from 3Q 2020). Profit margin: 5.2% (up from 4.9% in 3Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Jun 16
Second quarter 2021 earnings released: EPS JP¥25.60 (vs JP¥18.52 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥91.4b (down 3.3% from 2Q 2020). Net income: JP¥5.54b (up 39% from 2Q 2020). Profit margin: 6.1% (up from 4.2% in 2Q 2020). The increase in margin was driven by lower expenses. Reported Earnings • Mar 17
First quarter 2021 earnings released: EPS JP¥21.29 (vs JP¥16.55 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥85.0b (up 4.2% from 1Q 2020). Net income: JP¥4.60b (up 29% from 1Q 2020). Profit margin: 5.4% (up from 4.4% in 1Q 2020). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Feb 25
New 90-day low: €21.86 The company is down 21% from its price of €27.60 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €18.06 per share. Reported Earnings • Feb 03
Full year 2020 earnings released: EPS JP¥140 (vs JP¥56.33 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥340.9b (up 14% from FY 2019). Net income: JP¥15.0b (up 25% from FY 2019). Profit margin: 4.4% (up from 4.0% in FY 2019). The increase in margin was driven by higher revenue. Analyst Estimate Surprise Post Earnings • Feb 03
Revenue beats expectations Revenue exceeded analyst estimates by 0.3%. Over the next year, revenue is forecast to grow 3.1%, compared to a 1.7% growth forecast for the Consumer Retailing industry in Germany. Aankondiging • Jan 12
Kobe Bussan Co., Ltd. to Report Q1, 2021 Results on Mar 15, 2021 Kobe Bussan Co., Ltd. announced that they will report Q1, 2021 results on Mar 15, 2021 Aankondiging • Dec 16
Kobe Bussan Co., Ltd., Annual General Meeting, Jan 28, 2021 Kobe Bussan Co., Ltd., Annual General Meeting, Jan 28, 2021. Analyst Estimate Surprise Post Earnings • Dec 16
Revenue beats expectations Revenue exceeded analyst estimates by 0.3%. Over the next year, revenue is forecast to grow 1.5%, compared to a 1.5% growth forecast for the Consumer Retailing industry in Germany. Reported Earnings • Dec 16
Full year 2020 earnings released: EPS JP¥140 The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥340.9b (up 14% from FY 2019). Net income: JP¥15.0b (up 25% from FY 2019). Profit margin: 4.4% (up from 4.0% in FY 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Nov 27
New 90-day high: €27.60 The company is up 12% from its price of €24.70 on 28 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €19.86 per share. Aankondiging • Aug 03
Kobe Bussan Co., Ltd. to Report Q3, 2020 Results on Sep 10, 2020 Kobe Bussan Co., Ltd. announced that they will report Q3, 2020 results on Sep 10, 2020 
