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Makes Yakult, a probiotic fermented-milk drink, sold worldwide through door-to-door and retail channels.
Makes Yakult, a probiotic fermented-milk drink, sold worldwide through door-to-door and retail channels.
Sells its drink almost entirely through its own network, delivered to homes by Yakult Ladies or bought in shops and supermarkets, and makes it in local factories in each country rather than exporting. Overseas markets are a large share of sales and where growth comes from. The cosmetics and pharmaceutical lines are small beside the drink.
In one line: A global probiotic-drink brand, part-owned by Danone.
Moat: narrow (brand, distribution). Unique door-to-door 'Yakult Lady' distribution model and globally recognized probiotic brand.
Headquarters: Tokyo, Japan · Founded: 1935 · Employees: 29,618
Size Yakult Honsha (2267.T) is a Japan Consumer Staples company (Food: Meat/Fish/Dairy) with a market value of $5.15B, the 238th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,822 on 6 Nov 2026.
Performance Over six months the shares gained 3.3%, against -2.0% for the median peer and +1.8% for the Japan market (cap-weighted) — 10th highest of 20 in its peer set.
Growth Revenue fell 0.7% over the last twelve months (peer median +4.9%); the operating margin is 9.1% (peer median 7.5%).
Valuation It trades at 17.0× forward earnings against a peer median of 16.0× (11th cheapest of 21).
Capital Return on invested capital runs 0.1 points above its cost of capital (5.0% WACC).
Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥490B | ¥486B | ¥500B | ¥503B | ¥483B |
| Revenue growth | — | -3% | -1% | +4% | — |
| Gross profit | ¥289B | ¥281B | ¥291B | ¥295B | ¥284B |
| EBITDA | ¥73.5B | ¥74.1B | ¥85.1B | ¥91.2B | ¥91.4B |
| Net income | ¥46.2B | ¥44.2B | ¥45.5B | ¥51.0B | ¥50.6B |
| Free cash flow | n/a | -¥13.1B | ¥31.0B | ¥24.5B | ¥56.2B |
| Capital expenditure | n/a | ¥65.2B | ¥53.7B | ¥46.2B | ¥30.3B |
| Total debt | ¥113B | ¥114B | ¥105B | ¥89.4B | ¥74.7B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Yakult Honsha 2267.T | $5.15B | +3% | -1% | 9% | 17.0× | n/a |
| Danone BN.PA | $48.3B | +8% | 0% | 15% | 17.0× | -0.8% |
| Meiji 2269.T | $7.35B | +14% | +4% | 8% | 17.2× | n/a |
| Nestle NESN.SW | $266B | +11% | -2% | 16% | 19.0× | 1.3% |
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 | 2267.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.2% | +3.5% | 10th lowest of 21 |
| 6-month return | +3.3% | -2.0% | 10th highest of 20 |
| Distance from 52-week high | -8.8% | -17.4% | 6th highest of 21 |
| Revenue growth (TTM) | -0.7% | +4.9% | 5th lowest of 21 |
| Operating margin | 9.1% | 7.5% | 7th highest of 21 |
| Forward P/E | 17.0× | 16.0× | 11th cheapest of 21 |
| ROIC minus cost of capital | +0.1 pp | +2.8 pp | 7th lowest of 21 |
| EV / EBITDA | 10.3× | 10.7× | 9th cheapest of 18 |
| Net debt / EBITDA | -1.4× | 1.5× | 3rd least indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Yakult Honsha 2267.T | Japan | $5.15B | +3% | -1% | 9% | 17.0× | n/a | n/a |
| Want Want China 0151.HK | Hong Kong | $4.43B | -32% | +6% | 18% | 9.7× | n/a | n/a |
| Emmi EMMN.SW | Switzerland | $6.32B | +16% | +4% | 7% | 21.8× | 0.3% | +5.1% |
| Cranswick CWK.L | United Kingdom | $3.94B | +7% | +10% | 8% | 17.2× | 5.7% | +9.5% |
| Smithfield Foods SFD | United States | $7.60B | -26% | -2% | 7% | 13.0× | -11.5% | +1.9% |
| Nh Foods 2282.T | Japan | $3.40B | -10% | +7% | 3% | 14.0× | n/a | n/a |
| China Feihe 6186.HK | Hong Kong | $3.16B | -20% | -4% | 15% | 11.8× | -14.7% | -1.2% |
| Bakkafrost P/F BAKKA.OL | Norway | $2.77B | +4% | +7% | 14% | 23.1× | 9.5% | +10.1% |
| Leroy Seafood LSG.OL | Norway | $2.74B | -2% | +1% | 6% | 14.6× | 7.7% | +11.5% |
| Hatsun Agro Product HATSUN.NS | India | $2.52B | +8% | +18% | 5% | 49.8× | 25.4% | +12.4% |
| Mengniu Dairy 2319.HK | Hong Kong | $10.5B | +28% | +3% | 5% | 14.7× | 6.7% | +0.9% |
| Wh Group 0288.HK | Hong Kong | $10.8B | -31% | +6% | 9% | 8.4× | -16.4% | +1.9% |
| Milky Mist Dairy Food MILKYMIST.NS | India | $2.42B | n/a | +34% | 8% | 79.2× | n/a | n/a |
| New Hope Dairy 002946.SZ | China | $2.22B | -13% | +7% | 9% | 17.6× | 1.9% | +10.7% |
| Morinaga Milk Industry 2264.T | Japan | $2.21B | -9% | +2% | 6% | 14.4× | n/a | n/a |
| Hormel Foods HRL | United States | $12.1B | +7% | +1% | 7% | 14.4× | 0.9% | +4.7% |
| Magnum Ice Cream MICC.AS | Netherlands | $12.1B | +35% | +1% | 8% | 17.9× | 10.9% | +1.8% |
| China Youran Dairy 9858.HK | Hong Kong | $2.15B | -4% | +7% | -2% | 8.0× | 17.8% | +11.1% |
| Saputo SAP.TO | Canada | $12.4B | +7% | -5% | 6% | 21.2× | -1.9% | +4.2% |
| Mowi MOWI.OL | Norway | $12.4B | +12% | +10% | 13% | 17.8× | 7.5% | +10.7% |
| Henan Shuanghui Investment & Development 000895.SZ | China | $12.7B | -12% | -4% | 11% | 17.3× | -4.6% | -4.3% |