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Maker of natural food seasonings and extracts (bouillon, broth bases) supplied as ingredients to food and foodservice manufacturers.
Maker of natural food seasonings and extracts (bouillon, broth bases) supplied as ingredients to food and foodservice manufacturers.
Sells extracts by weight to food makers and restaurant groups that build them into soups, sauces and ready meals, so revenue follows their volumes. Once an extract is written into a recipe it is slow to change, which makes orders repeat.
In one line: A B2B natural-flavor ingredient maker akin to a smaller Kerry Group/McCormick ingredients .
Moat: narrow (process know-how, customer qualification). Proprietary natural-extraction processes and long-run B2B ingredient qualification with food makers.
Headquarters: Tosu, Japan · Founded: 1966 · Employees: 1,201
Size ARIAKE JAPAN (2815.T) is a Japan Consumer Staples company (Food: Specialty/Candy) with a market value of $1.04B, the 715th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥5,150 on 6 Nov 2026.
Performance Over six months the shares fell 5.2%, against -8.5% for the median peer and +1.8% for the Japan market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue grew 3.1% over the last twelve months (peer median +7.1%); the operating margin is 17.4% (peer median 5.5%).
Valuation It trades at 17.4× forward earnings against a peer median of 18.2× (7th cheapest of 15).
Price implies For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -14 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.8 points above its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥67.5B | ¥67.0B | ¥65.4B | ¥60.0B | ¥55.7B |
| Revenue growth | — | +2% | +9% | +8% | — |
| Gross profit | ¥20.7B | ¥20.5B | ¥19.7B | ¥16.7B | ¥16.2B |
| EBITDA | ¥14.0B | ¥14.0B | ¥13.3B | ¥10.7B | ¥10.3B |
| Net income | ¥9.19B | ¥9.46B | ¥8.21B | ¥7.35B | ¥6.39B |
| Free cash flow | n/a | ¥6.74B | ¥11.2B | ¥5.78B | ¥2.58B |
| Capital expenditure | n/a | ¥2.31B | ¥965M | ¥3.05B | ¥3.03B |
| Total debt | ¥8.25M | ¥9.77M | ¥18.0M | ¥26.3M | ¥34.4M |
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 |
|---|---|---|---|---|---|---|
| ARIAKE JAPAN 2815.T | $1.04B | -5% | +3% | 17% | 17.4× | -7.4% |
| Ajinomoto 2802.T | $25.3B | -16% | +7% | 11% | 29.4× | 19.2% |
| McCormick & MKC | $13.0B | 0% | +13% | 17% | 15.9× | 3.2% |
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 | 2815.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.0% | +1.1% | 9th highest of 21 |
| 6-month return | -5.2% | -8.5% | 8th highest of 20 |
| Distance from 52-week high | -16.4% | -27.9% | 3rd highest of 21 |
| Revenue growth (TTM) | +3.1% | +7.1% | 8th lowest of 21 |
| Operating margin | 17.4% | 5.5% | 2nd highest of 21 |
| Forward P/E | 17.4× | 18.2× | 7th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | -7.4% | 0.1% | 4th least demanding of 13 |
| Growth delivered (Del g) | +6.1% | +9.5% | 3rd lowest of 13 |
| Hurdle (Req g minus delivered) | -13.6 pp | -12.3 pp | 6th least demanding of 13 |
| ROIC minus cost of capital | +4.8 pp | -0.8 pp | 6th highest of 21 |
| EV / EBITDA | 8.1× | 8.2× | 5th cheapest of 10 |
| Net debt / EBITDA | -3.7× | 0.8× | 2nd least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ARIAKE JAPAN 2815.T | Japan | $1.04B | -5% | +3% | 17% | 17.4× | -7.4% | +6.1% |
| ORION 001800.KS | South Korea | $1.06B | -4% | +15% | 15% | n/a | -16.5% | +8.3% |
| Seneca Foods SENEA | United States | $1.03B | +9% | +12% | 9% | 10.9× | -15.1% | +2.5% |
| Star Lake Bioscience 600866.SS | China | $1.07B | -26% | -3% | 0% | 37.2× | n/a | n/a |
| Namchow Food Group (Shanghai) 605339.SS | China | $1.01B | -2% | -5% | -1% | n/a | n/a | n/a |
| JinJian Cereals Industry 600127.SS | China | $1.08B | +64% | +1% | -1% | n/a | n/a | n/a |
| Jiangxi Qiyunshan Food 2797.HK | Hong Kong | $1.10B | n/a | -7% | 17% | n/a | n/a | n/a |
| Jiajia Food 002650.SZ | China | $983M | -25% | -3% | -11% | n/a | 1.2% | -10.0% |
| Food Empire F03.SI | Singapore | $952M | -22% | +14% | 16% | 12.7× | -9.9% | +14.9% |
| Guilin Seamild Foods 002956.SZ | China | $947M | -14% | +21% | 11% | 23.3× | 9.0% | +17.0% |
| Chenguang Biotech 300138.SZ | China | $946M | +13% | -4% | 6% | 16.1× | -1.0% | +10.9% |
| Lotte 004990.KS | South Korea | $1.18B | -27% | +1% | 2% | 69.5× | n/a | n/a |
| Snowsky Salt Industry 600929.SS | China | $1.20B | -29% | +32% | 1% | 54.7× | n/a | n/a |
| Italmobiliare ITM.MI | Italy | $1.20B | -8% | +8% | 14% | 12.0× | n/a | n/a |
| Nisshin OilliO 2602.T | Japan | $1.22B | +13% | +8% | 3% | 18.0× | 3.1% | +10.5% |
| Otoki 007310.KS | South Korea | $879M | -13% | +4% | 5% | 9.4× | -6.5% | +7.2% |
| Westrock Coffee WEST | United States | $878M | +9% | +39% | 0% | n/a | n/a | n/a |
| Shandong Bailong Chuangyuan Bio-Tech 605016.SS | China | $1.24B | -28% | +19% | 32% | 18.4× | 8.8% | +22.5% |
| Wellhope Foods 603609.SS | China | $870M | -8% | +7% | 0% | 53.8× | 54.2% | +8.5% |
| Bikaji Foods International BIKAJI.NS | India | $1.27B | -29% | +14% | 10% | 37.4× | 38.6% | +17.5% |
| Morinaga & 2201.T | Japan | $1.28B | -8% | +3% | 9% | 12.3× | -5.7% | +7.1% |