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Employees: 4,150
Size Bourbon (2208.T) is a Japan Consumer Staples company (Food: Specialty/Candy) with a market value of $451M, the 1130th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,963 on 6 Nov 2026.
Performance Over six months the shares gained 3.0%, against -8.5% for the median peer and +1.8% for the Japan market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 7.5% over the last twelve months (peer median +8.5%); the operating margin is 6.4% (peer median 5.7%).
Valuation It trades at 20.4× forward earnings against a peer median of 17.8× (5th most expensive of 13).
Price implies For today's price to make sense, revenue must grow about -12% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is -12 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.0 points above its cost of capital (5.0% WACC).
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥124B | ¥120B | ¥113B | ¥104B | ¥97.4B |
| Revenue growth | — | +6% | +9% | +7% | — |
| Gross profit | ¥31.8B | ¥30.3B | ¥29.1B | ¥24.5B | ¥21.9B |
| EBITDA | ¥13.6B | ¥13.1B | ¥12.9B | ¥8.73B | ¥6.25B |
| Net income | ¥6.37B | ¥5.91B | ¥5.57B | ¥3.07B | ¥1.10B |
| Free cash flow | ¥6.27B | ¥5.17B | -¥294M | ¥4.46B | -¥3.60B |
| Capital expenditure | ¥4.30B | ¥4.11B | ¥6.82B | ¥5.35B | ¥5.72B |
| Total debt | ¥2.70B | ¥3.67B | ¥3.69B | ¥5.34B | ¥5.75B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2208.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.9% | -2.9% | 9th highest of 21 |
| 6-month return | +3.0% | -8.5% | 6th highest of 21 |
| Distance from 52-week high | -12.2% | -24.9% | 6th highest of 21 |
| Revenue growth (TTM) | +7.5% | +8.5% | 10th lowest of 21 |
| Operating margin | 6.4% | 5.7% | 8th highest of 21 |
| Forward P/E | 20.4× | 17.8× | 5th most expensive of 13 |
| Growth the price implies (Req g, 7 yrs) | -12.1% | 3.9% | least demanding of 17 |
| Growth delivered (Del g) | +0.3% | +6.6% | 3rd lowest of 17 |
| Hurdle (Req g minus delivered) | -12.4 pp | -4.0 pp | 4th least demanding of 17 |
| ROIC minus cost of capital | +5.0 pp | +0.4 pp | 5th highest of 21 |
| EV / EBITDA | 4.3× | 9.1× | cheapest of 12 |
| Net debt / EBITDA | -1.0× | 0.6× | 2nd least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Bourbon 2208.T | Japan | $451M | +3% | +7% | 6% | 20.4× | -12.1% | +0.3% |
| Zhengzhou Qianweiyangchu Food 001215.SZ | China | $451M | -34% | +13% | 5% | 42.5× | 13.9% | +15.0% |
| Petpal Pet Nutrition Technology 300673.SZ | China | $444M | -26% | +2% | 6% | 45.6× | 7.5% | +1.6% |
| Daesang 001680.KS | South Korea | $459M | -16% | +2% | 4% | 8.1× | -5.6% | +7.2% |
| Yasho Industries YASHO.NS | India | $441M | +122% | +35% | 14% | n/a | 33.4% | +17.7% |
| Ganso 603886.SS | China | $464M | +1% | +5% | 6% | 11.4× | -11.0% | -1.9% |
| Shoei Foods 8079.T | Japan | $435M | +1% | +8% | 4% | 17.6× | n/a | n/a |
| Nitto Fuji Flour Milling 2003.T | Japan | $472M | +14% | 0% | 6% | n/a | 3.0% | +5.2% |
| Gourmet Master 2723.TW | Taiwan | $431M | +19% | -11% | 5% | 14.8× | 0.9% | -1.7% |
| Kunshan Asia Aroma 301220.SZ | China | $413M | -35% | +13% | 6% | 24.8× | 10.8% | +12.4% |
| Tianshui Zhongxing Bio-Technology 002772.SZ | China | $410M | -54% | +12% | 14% | n/a | n/a | n/a |
| Baolingbao Biology 002286.SZ | China | $500M | -15% | +9% | 6% | 18.1× | 10.0% | +6.0% |
| QAF Q01.SI | Singapore | $408M | -10% | 0% | 6% | n/a | -10.6% | +2.4% |
| Qingdao Richen Food 603755.SS | China | $407M | -5% | +11% | 17% | 33.2× | 20.1% | +12.3% |
| Chalkis Health Industry 000972.SZ | China | $397M | -9% | +17% | -52% | n/a | -6.8% | +89.3% |
| Riken Vitamin 4526.T | Japan | $516M | +29% | +3% | 7% | 11.8× | -3.9% | +4.4% |
| Fujiya 2211.T | Japan | $393M | -1% | +6% | 1% | n/a | n/a | n/a |
| Once Upon a Farm, PBC OFRM | United States | $389M | -43% | +43% | -6% | n/a | n/a | n/a |
| Kameda Seika 2220.T | Japan | $525M | -8% | +17% | 6% | 18.0× | 0.3% | +6.0% |
| Vadilal Industries VADILALIND.NS | India | $541M | +53% | +31% | 16% | n/a | 17.3% | +26.5% |
| Ganyuan Foods 002991.SZ | China | $552M | -22% | 0% | 10% | 17.1× | 4.8% | +12.4% |