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Japanese general trading company (sogo shosha) dealing in foods, textiles, electronics, steel and machinery worldwide.
Japanese general trading company (sogo shosha) dealing in foods, textiles, electronics, steel and machinery worldwide.
Earns a trading margin, or a fee for arranging and financing deals, on goods it buys and resells across foods, electronics, steel and other sectors, so it behaves like a set of separate trading desks rather than one business. Being smaller than the big five trading houses, it concentrates on niches such as food and electronics.
In one line: A smaller Japanese trading house akin to a diversified Marubeni/ADM hybrid.
Moat: narrow (distribution, scale). Global trading network and supplier relationships built over a century, though smaller than the big-five trading houses.
Headquarters: Tokyo, Japan · Founded: 1889 · Employees: 8,604
Size Kanematsu (8020.T) is a Japan Consumer Staples company (Food: Specialty/Candy) with a market value of $2.35B, the 435th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,202 on 6 Nov 2026.
Performance Over six months the shares gained 2.4%, against -5.2% for the median peer and +1.8% for the Japan market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 3.6% over the last twelve months (peer median +2.8%); the operating margin is 4.7% (peer median 11.4%).
Valuation It trades at 9.6× forward earnings against a peer median of 20.4× (2nd cheapest of 20).
Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -13 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.8 points above its cost of capital (6.4% WACC).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥1.09T | ¥1.07T | ¥1.05T | ¥986B | ¥911B |
| Revenue growth | — | +2% | +7% | +8% | — |
| Gross profit | ¥177B | ¥156B | ¥142B | ¥131B | ¥120B |
| EBITDA | ¥68.0B | ¥62.2B | ¥55.7B | ¥51.1B | ¥48.4B |
| Net income | ¥37.2B | ¥32.5B | ¥27.5B | ¥23.2B | ¥18.6B |
| Free cash flow | ¥39.9B | ¥53.2B | ¥49.3B | ¥32.0B | -¥4.95B |
| Capital expenditure | ¥6.97B | ¥5.56B | ¥9.93B | ¥4.76B | ¥5.54B |
| Total debt | ¥191B | ¥183B | ¥203B | ¥236B | ¥249B |
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 |
|---|---|---|---|---|---|---|
| Kanematsu 8020.T | $2.35B | +2% | +4% | 5% | 9.6× | -2.4% |
| Marubeni 8002.T | $49.7B | -22% | +14% | 4% | 12.3× | 17.7% |
| Sojitz 2768.T | $5.77B | -19% | +27% | 3% | 7.6× | n/a |
| Itochu 8001.T | $111B | +16% | +6% | 5% | 15.8× | 18.1% |
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 | 8020.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.0% | +3.2% | 7th lowest of 21 |
| 6-month return | +2.4% | -5.2% | 10th highest of 21 |
| Distance from 52-week high | -10.8% | -17.9% | 8th highest of 21 |
| Revenue growth (TTM) | +3.6% | +2.8% | 10th highest of 21 |
| Operating margin | 4.7% | 11.4% | 6th lowest of 21 |
| Forward P/E | 9.6× | 20.4× | 2nd cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -2.4% | 0.9% | 3rd least demanding of 18 |
| Growth delivered (Del g) | +10.5% | +8.3% | 5th highest of 18 |
| Hurdle (Req g minus delivered) | -12.8 pp | -4.9 pp | 3rd least demanding of 18 |
| ROIC minus cost of capital | +2.8 pp | +4.0 pp | 10th lowest of 21 |
| EV / EBITDA | 7.7× | 11.1× | 3rd cheapest of 15 |
| Net debt / EBITDA | 2.0× | 0.4× | 4th most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kanematsu 8020.T | Japan | $2.35B | +2% | +4% | 5% | 9.6× | -2.4% | +10.5% |
| Premier Foods PFD.L | United Kingdom | $2.34B | +3% | +2% | 18% | 12.6× | -1.3% | +4.4% |
| CALBEE 2229.T | Japan | $2.37B | +7% | +5% | 8% | 22.0× | -1.8% | +5.0% |
| Lotus 600186.SS | China | $2.37B | -18% | +21% | 13% | 35.2× | n/a | n/a |
| Yantai North Andre Juice 605198.SS | China | $2.31B | +16% | -17% | 18% | 66.5× | 36.8% | +14.8% |
| Gambol Pet 301498.SZ | China | $2.25B | -32% | +14% | 7% | 43.6× | n/a | n/a |
| Sichuan Teway Food 603317.SS | China | $2.24B | -18% | +22% | 21% | 20.4× | 2.9% | +7.8% |
| Weilong Delicious Global 9985.HK | Hong Kong | $2.22B | -20% | +13% | 25% | 9.6× | -6.3% | +11.1% |
| Suedzucker SZU.DE | Germany | $2.57B | -5% | -5% | -3% | 34.2× | 0.7% | +4.6% |
| House Foods 2810.T | Japan | $2.58B | +49% | 0% | 6% | 27.2× | 5.0% | +4.9% |
| UTZ Brands UTZ | United States | $2.05B | +90% | +2% | 4% | 17.9× | 31.8% | +8.3% |
| Chongqing Fuling Zhacai 002507.SZ | China | $2.04B | -6% | +3% | 28% | 18.0× | -0.9% | +1.4% |
| Nissui 1332.T | Japan | $1.97B | -16% | +8% | 4% | 10.8× | 0.9% | +8.7% |
| Kotobuki Spirits 2222.T | Japan | $2.81B | +41% | +10% | 25% | 29.3× | 5.2% | +27.7% |
| Marzetti MZTI | United States | $2.86B | -8% | -1% | 11% | 15.6× | -2.4% | +5.6% |
| Tootsie Roll Industries TR | United States | $2.92B | -8% | +2% | 12% | n/a | 14.1% | +9.2% |
| MeiHua 600873.SS | China | $2.99B | -27% | -3% | 4% | 14.5× | n/a | n/a |
| Robertet RBT.PA | France | $1.84B | +4% | 0% | 15% | 18.3× | -0.4% | +9.4% |
| Anhui Jinhe Industrial 002597.SZ | China | $1.83B | -8% | +22% | 4% | 19.4× | 10.3% | +6.0% |
| Cloetta CLA-B.ST | Sweden | $1.82B | +16% | 0% | 14% | 20.9× | -0.3% | +8.4% |
| Freshpet FRPT | United States | $3.09B | +21% | +12% | 9% | 34.9× | 28.5% | +28.2% |