2813 Wakou Food
- Japan Guru
- Jun 15, 2025
- 1 min read
Maker of ramen soup and noodle broth. Closely related to Nisshin Oillio. The company has production site of ramen soup in the United States.
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"Until 2022 it was a mediocre and barely profitable business. Overseas expansion into higher margin markets changed the story. The U.S. now makes up 26% of sales but 77% of net profit. ROE has climbed to the mid teens."
https://x.com/RocksOver/status/1931216591162888545
mkt cap 10 bil yen (at share price 3615) vs net cash of 2.5 bil
8.4x per / 1.05 pbr / 2.38% div
Domestically, sales to ramen retails continue to grow. Price hikes going well. In the US, the popularity of ramen has led to a steady increase in new customers.
Consecutive operating profit increases. In the US, the co stands to reap effects of increased production capacity.
In Thailand, the company has begun contract production and sales of ramen soup locally through a joint venture.
Acquired an Akita-based maker of natural extracts for ramen soup.