Founded in 1912, Kanro with ¥49 bn market cap, is well-known for its “Kanro Nodo Ame” throat drops. The company entered the gummy candy market 20 years ago which has since grown to become a core profit earner.

Candies may not be as trendy as AI, but the confectionery industry is experiencing solid growth, supported by rising consumer interest in candies and gummies as a convenient way to boost energy and take supplements. Even in Japan, where the population is rapidly declining, industry sales increased by 13% from 1H 2023 to 1H 2024.

Kanro, with its shrewd product strategy and industry growth, has managed to steadily grow its operating margin from 4.5% in FY17 to 11.7% in FY23.

The CEO with the background at Mitsubishi Corp intends2023 to continue their steady growth.

How?

I have discussed why I believe the company can keep growing in my report which is available for purchase.  Please DM me if interested.