Ezaki Glico Stock: All Points Investors Should Know

Table of Contents

1. Introduction

2. Company Overview

3. Market Environment

4. Financial Analysis

5. Stock Price Trends

6. Valuation Comparison

7. Dividends and Shareholder Returns

8. Growth Strategy

9. Risk Factors

10. ESG and Governance

11. Future Scenarios

12. Conclusion
    
    

1. Introduction

The confectionery industry is caught between the conflicting trends of inflation and health consciousness. Ezaki Glico (hereafter, Glico) exemplifies this, pursuing both overseas expansion and healthy snacks centered around its traditional brand. This article comprehensively examines the latest stock price data, fundamentals, and future growth drivers, providing recommended actions for individual investors.aktiencheck.de

2. Company Overview

Founded in 1922, with approximately 5,400 employees. The business is structured around five pillars: ① Confectionery and Processed Foods, ② Frozen Desserts, ③ Dairy Beverages, ④ Healthcare, and ⑤ Overseas. About 35% of sales come from overseas, with ASEAN and China being growth drivers. In Europe, a new subsidiary "Glico Europe B.V." was established in the Netherlands in March 2025 to strengthen local production capabilities.de.marketscreener.com

3. Market Environment

Japan's confectionery market is limited to an annual growth rate of 1-2%, but the demand for health-conscious and low-sugar products is expanding. Overseas, the increase in high-income groups and the growing demand for luxury goods provide tailwinds, while rising raw material prices pose a common risk. In particular, international prices for cocoa and dairy products have risen by 15-30% since 2023, making cost pass-through a challenge.

4. Financial Analysis

• Revenue: For the fiscal year ending December 2024, revenue is 423.8 billion yen (up 4.1% year-on-year), with a company plan of +5% for 2025
  
  

• Operating Profit Margin: Declining from 9.8% in 2023 to 7.4% in 2024, due to high raw material costs
  
  

• EPS/PER: Earnings per share is 95 yen, with a dollar-converted PER of approximately 26.5 timesde.marketscreener.com
  
  

• Cash Flow: 26.46 euros per share (equivalent to approximately 4,400 yen)aktiencheck.de
  
  

• Equity Ratio: 61%, indicating a strong financial position
  Considering these factors, profitability is on a declining trend, but financial safety is high.
  
  
  
  
  

5. Stock Price Trends

In the Frankfurt market, the price is 28.10 euros, while in the Tokyo market, it is trading around 2,980 yen, up 0.74% from the previous day. The 52-week high is 29.40 euros, and the low is 23.60 euros, with volatility slightly above the average for European food stocks. Currently, it is below the moving averages (25-day, 75-day), indicating a continuation of short-term corrective waves.aktiencheck.de

6. Valuation Comparison

7. Dividends & Shareholder Returns

• Dividend Policy: Maintaining a DOE of 2.5% while aiming for progressive dividends

• Ex-Dividend Date: The ex-dividend date is June 27, 2025, with an annual dividend forecast of 60 yen (yield 2.0%)aktiencheck.de

• Share Buyback: A total of 10 billion yen is allocated for 2024-25
  
  
  
  

8. Growth Strategy

1. Expansion of European Production — Entering the EU market with the Netherlands factory as a hub, reducing logistics costs by 20%.

2. Low-Carb, High-Protein Products — Combining with Glico DNA testing and supplements, expanding through D2C.

3. DX Investment — Inventory turnover days are expected to be reduced by 14 days through the migration to SAP S/4HANA.
   
   
   
   

9. Risk Factors

• Increased costs due to high raw material prices and yen depreciation

• Integration risks of overseas M&A

• Management intervention by activists (symbolized by Dalton's proposal in March 2025)

• Cocoa supply constraints due to climate change
  
  
  
  

10. ESG and Governance

Glico aims to reduce GHG emissions by 26% by 2030. The current ratio of renewable energy is 41%. However, the approval rate for major proposals in exercising voting rights remains in the 80% range, necessitating deeper dialogue with investors.

11. Future Scenarios

12. Summary

• Coexistence of Undervaluation and Overvaluation: Undervalued in Asset & Sales Comparison, Overvalued in Profit Comparison

• Continued Strengthening of Shareholder Returns: Supporting the Downside with DOE and Treasury Stock

• Europe × Health Consciousness as Key: New Factory and Low-Sugar Line as Next Growth Engines

• Can It Overturn the Cautious Stance of Analysts?: Financial Results for the Next Two Quarters as a Touchstone
  
  

List of Reference Articles

• AktienCheck.de, "Ezaki Glico Aktie: Eine Übersicht der Fakten", 13 Jun 2025. aktiencheck.de

• MarketScreener, "Ezaki Glico Co., Ltd. Company Profile and Valuation Indicators", Jun 2025. marketscreener.com

• finanzen.at, "Ezaki Glico Aktie", Jun 2025. finanzen.at

• Ezaki Glico, "Integrated Report 2024", May 2024. glico.com