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Japan's leading green tea beverage maker (Oi Ocha brand), also selling coffee and other soft drinks.
Japan's leading green tea beverage maker (Oi Ocha brand), also selling coffee and other soft drinks.
Packaged drinks, led by Oi Ocha, carry the business, sold through supermarkets, convenience stores and vending machines, with a smaller tea-leaf business and cafes through its Tully's Coffee Japan unit. It contracts with growers for leaf, so crop quality and tea prices affect costs.
In one line: Japan's answer to a tea-focused Snapple/AriZona.
Moat: narrow (brand, distribution). Leading green tea beverage brand and vending/retail distribution network in Japan.
Headquarters: Tokyo, Japan · Founded: 1966 · Employees: 7,945
Size ITO EN,Ltd (2593.T) is a Japan Consumer Staples company (Food: Major Diversified) with a market value of $2.12B, the 462nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,300 on 6 Nov 2026.
Performance Over six months the shares gained 14.2%, against -6.0% for the median peer and +1.8% for the Japan market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 4.9% over the last twelve months (peer median +5.5%); the operating margin is 4.7% (peer median 8.8%).
Valuation It trades at 26.0× forward earnings against a peer median of 16.8× (5th most expensive of 16).
Capital Return on invested capital runs 3.4 points above its cost of capital (5.0% WACC).
Next results Next results expected around 1 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥502B | ¥498B | ¥473B | ¥454B | ¥432B |
| Revenue growth | — | +5% | +4% | +5% | — |
| Gross profit | ¥181B | ¥173B | ¥173B | ¥171B | ¥158B |
| EBITDA | ¥31.7B | ¥30.5B | ¥32.4B | ¥34.7B | ¥31.0B |
| Net income | ¥4.32B | ¥3.47B | ¥14.2B | ¥15.7B | ¥12.9B |
| Free cash flow | n/a | -¥3.00M | ¥5.75B | ¥15.6B | ¥16.8B |
| Capital expenditure | n/a | ¥11.3B | ¥12.3B | ¥9.91B | ¥7.00B |
| Total debt | ¥74.2B | ¥65.6B | ¥73.1B | ¥76.0B | ¥76.8B |
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 |
|---|---|---|---|---|---|---|
| ITO EN,Ltd 2593.T | $2.12B | +14% | +5% | 5% | 26.0× | n/a |
| Kirin 2503.T | $15.2B | +21% | +6% | 11% | 13.7× | -4.2% |
| Suntory Beverage & Food 2587.T | $9.58B | +9% | +7% | 9% | 17.2× | -7.5% |
| Asahi Group Hldgs 2502.T | $16.4B | +10% | +3% | 9% | 13.1× | 1.8% |
| Coca-Cola Bottlers Japan 2579.T | $4.60B | +31% | -2% | 4% | 31.7× | 8.4% |
| Sapporo Breweries 2501.T | $5.34B | +24% | -6% | 5% | 2.8× | 14.8% |
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 | 2593.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.7% | -1.0% | 5th highest of 21 |
| 6-month return | +14.2% | -6.0% | 3rd highest of 21 |
| Distance from 52-week high | -4.1% | -22.6% | highest of 21 |
| Revenue growth (TTM) | +4.9% | +5.5% | 10th lowest of 21 |
| Operating margin | 4.7% | 8.8% | 5th lowest of 21 |
| Forward P/E | 26.0× | 16.8× | 5th most expensive of 16 |
| ROIC minus cost of capital | +3.4 pp | +3.7 pp | 11th highest of 21 |
| EV / EBITDA | 10.9× | 8.1× | 4th most expensive of 12 |
| Net debt / EBITDA | 0.3× | -0.6× | 5th most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ITO EN,Ltd 2593.T | Japan | $2.12B | +14% | +5% | 5% | 26.0× | n/a | n/a |
| Dongsuh 026960.KS | South Korea | $2.06B | +6% | +6% | 8% | n/a | 16.2% | +1.6% |
| Yihai International 1579.HK | Hong Kong | $2.02B | +3% | +11% | 18% | 14.2× | 6.8% | +3.6% |
| Chagee Holdings Limited Unsponsored ADR CHA | United States | $2.44B | +19% | 0% | 11% | 7.9× | -4.1% | +190.8% |
| Olam VC2.SI | Singapore | $2.55B | -29% | -40% | 2% | 17.6× | -3.7% | -3.7% |
| Yankershop Food 002847.SZ | China | $1.64B | -30% | 0% | 14% | 14.6× | 2.9% | +24.1% |
| Herbalife HLF | United States | $1.60B | +7% | +6% | 9% | 5.4× | -14.8% | -1.9% |
| Zydus Wellness ZYDUSWELL.NS | India | $1.58B | -7% | +74% | 9% | 41.0× | 32.3% | +16.2% |
| Cheng De Lolo 000848.SZ | China | $1.18B | -11% | +5% | 24% | 12.6× | -10.8% | +11.3% |
| S&B Foods 2805.T | Japan | $1.16B | +53% | +7% | 9% | 16.8× | -1.8% | +2.5% |
| Jiangsu Hengshun Vinegar-Industry 600305.SS | China | $1.15B | -7% | +6% | 6% | 49.9× | 17.3% | +2.6% |
| Kewpie 2809.T | Japan | $4.07B | +11% | +4% | 7% | 24.2× | 0.6% | -0.7% |
| Shanghai Ziyan Foods 603057.SS | China | $1.09B | -37% | +7% | 6% | 39.1× | n/a | n/a |
| Simply Good Foods SMPL | United States | $1.05B | -2% | -7% | 13% | 7.9× | -12.3% | +6.2% |
| Bombay Burmah Trading BBTC.NS | India | $947M | -18% | +7% | 16% | n/a | -8.8% | +8.2% |
| AGT Food and Ingredients AGTF.TO | Canada | $922M | +12% | -19% | -2% | 16.0× | n/a | n/a |
| Hongmian Zhihui Science and Technology Innovation Co., Ltd. Guangzhou 000523.SZ | China | $798M | -16% | +4% | 2% | n/a | 12.1% | -8.5% |
| Vitasoy International 0345.HK | Hong Kong | $794M | -3% | -3% | 7% | 21.8× | -9.8% | -4.2% |
| Standard Foods 1227.TW | Taiwan | $751M | -5% | 0% | 4% | n/a | n/a | n/a |
| Hebei Yangyuan Zhihui Beverage 603156.SS | China | $6.06B | -15% | +12% | 28% | 26.5× | 9.9% | +3.9% |
| V V Food & Beverage 600300.SS | China | $717M | -18% | +6% | 11% | n/a | -9.2% | -6.8% |