KewpieKewpie Corporation2809東証プライム食料品FY ending Nov 2025, consolidated, J-GAAP

Kewpie FY ending Nov 2020 results

About 20% of Kewpie's sales come from Condiments and processed foods, with Retail Market Business and Food Service Business making up much of the rest.

Out of every ¥100 of sales, about ¥5 is left as operating profit.

Revenue changed -2.7% from the prior year, operating profit -11.7%.

Revenue and profit pattern

Revenue and profit down

Revenue -2.7% · profit -11.7%, calculated from disclosed figures.

Operating leverage: 4.36× (profit growth ÷ revenue growth)

What changed from last year

FY ending Nov 2019 → FY ending Nov 2020

Revenue: -2.7%¥545.7B → ¥531.1B
Gross profit: -5.8%¥133B → ¥125.3B
Operating income: -11.7%¥32B → ¥28.3B
Net income attributable to owners: -38.0%¥18.7B → ¥11.6B
Operating cash flow: -20.4%¥43.9B → ¥35B
Free cash flow: -31.6%¥13.9B → ¥9.5B

Where the money goes

FY ending Nov 2019 → FY ending Nov 2020

※ Segment revenues include inter-segment sales and are scaled to consolidated revenue

Where ¥100 of sales goes

For every ¥100 Kewpie sells, how much goes where, and how much is kept.

FY ending Nov 2020

Cost of sales: ¥77
SG&A: ¥18
Operating profit: ¥5
Net profit kept: ¥2

Annual margin trends

Gross margin23.6%

Operating margin5.3%

Net margin2.2%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Nov 2020

Condiments and processed foods¥180.2B
20%
Op. margin 12.4%
Retail Market Business¥168B
19%
Op. margin 9.4%Industry: Processed Foods
Food Service Business¥145B
16%
Op. margin 5.4%Industry: Processed Foods
Distribution¥140.4B
16%
Op. margin 2.0%
Delicatessen products¥90.9B
10%
Op. margin 4.0%
Egg products¥89.1B
10%
Op. margin 3.7%
Overseas Business¥47.2B
5%
Op. margin 10.5%Industry: Processed Foods
Fruit solution products¥16.5B
2%
Op. margin 3.4%Industry: Processed Foods
Fine chemical products¥7.94B
1%
Op. margin 14.6%Industry: Chemicals
Common business operations¥6.03B
1%
Op. margin 22.0%Industry: Industrial Machinery

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (5)

EDINET (FSA Japan)
有価証券報告書－第112期(2023/12/01－2024/11/30)
ID S100VAQ72025-02-28Open
EDINET (FSA Japan)
有価証券報告書－第111期(2022/12/01－2023/11/30)
ID S100SYBO2024-02-29Open
EDINET (FSA Japan)
訂正有価証券報告書－第110期(2021/12/01－2022/11/30)
ID S100QJY32023-04-06Open
EDINET (FSA Japan)
有価証券報告書－第109期(令和2年12月1日－令和3年11月30日)
ID S100NJZ42022-02-28Open
EDINET (FSA Japan)
有価証券報告書－第108期(令和1年12月1日－令和2年11月30日)
ID S100KVOF2021-02-26Open

Extracted from XBRL: 56 / Derived from other figures: 2

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