KK Itoen

2593

Equity

ISIN JP3143000002 / Valor 785029

Tokyo Stock Exchange (2024-11-21)

JPY 3,142.00+1.00%

KK Itoen
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About company

KK Itoen, established in 1976, is a Japanese company primarily engaged in the production and distribution of tea products. The company focuses on supporting tea production areas to address challenges in Japanese agriculture while ensuring a stable supply of raw materials for green tea. Itoen's product portfolio includes a wide range of beverages such as green tea, oolong tea, and other tea-based drinks, as well as ready-to-drink bottled teas. The company is known for its commitment to quality and innovation in tea production, leveraging its expertise to maintain a strong presence in both domestic and international markets.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Net Sales Growth

KK Itoen reported consolidated net sales of 453,899 million yen for the fiscal year ended April 30, 2024, marking a 5.1% increase compared to the previous fiscal year. This growth reflects the company's successful strategies in expanding its market presence and product offerings.

Operating Income Surge

For the fiscal year ended April 30, 2024, KK Itoen achieved an operating income of 25,023 million yen, representing a significant 27.7% year-on-year increase. This substantial rise in operating income indicates improved operational efficiencies and cost management.

Profit Increase

KK Itoen's profit attributable to owners of the parent for the fiscal year ended April 30, 2024, was 15,650 million yen, up by 21.4% from the previous year. This increase in profit underscores the company's strong financial performance and effective business strategies.

Dividend Announcement

KK Itoen declared a total annual dividend of 42.00 yen per share for the fiscal year ended April 30, 2024, compared to 40.00 yen in the previous year. The company continues to prioritize shareholder returns while maintaining a balanced approach to reinvestment and growth.

Future Outlook

Looking ahead, KK Itoen forecasts consolidated net sales of 466,600 million yen and a profit attributable to owners of the parent of 17,200 million yen for the fiscal year ending April 30, 2025. The company remains optimistic about its growth prospects and aims to continue enhancing its market position.

Summarized from source with an LLMView Source

Key figures

-34.0%1Y

-58.3%3Y

-42.7%5Y

Performance

24.7%1Y

27.0%3Y

27.6%5Y

Volatility