Bull-Dog Sauce Co., Ltd.

TSE:2804 Stock Report

Market Cap: JP¥22.5b

Bull-Dog Sauce Past Earnings Performance

Past criteria checks 4/6

Bull-Dog Sauce has been growing earnings at an average annual rate of 33.3%, while the Food industry saw earnings growing at 9.6% annually. Revenues have been declining at an average rate of 0.8% per year. Bull-Dog Sauce's return on equity is 9.7%, and it has net margins of 16.6%.

Key information

33.27%

Earnings growth rate

34.25%

EPS growth rate

Food Industry Growth4.08%
Revenue growth rate-0.80%
Return on equity9.66%
Net Margin16.61%
Next Earnings Update24 Jul 2026

Recent past performance updates

Analysis Article May 22

Bull-Dog Sauce's (TSE:2804) Profits Appear To Have Quality Issues

Bull-Dog Sauce Co., Ltd.'s ( TSE:2804 ) healthy profit numbers didn't contain any surprises for investors. We think...
Analysis Article May 22

Bull-Dog Sauce's (TSE:2804) Solid Earnings May Rest On Weak Foundations

The recent earnings posted by Bull-Dog Sauce Co., Ltd. ( TSE:2804 ) were solid, but the stock didn't move as much as we...

Recent updates

Analysis Article May 22

Bull-Dog Sauce's (TSE:2804) Profits Appear To Have Quality Issues

Bull-Dog Sauce Co., Ltd.'s ( TSE:2804 ) healthy profit numbers didn't contain any surprises for investors. We think...
Analysis Article Jan 23

Bull-Dog Sauce (TSE:2804) Is Increasing Its Dividend To ¥25.00

The board of Bull-Dog Sauce Co., Ltd. ( TSE:2804 ) has announced that it will be paying its dividend of ¥25.00 on the...
Analysis Article Dec 03

Bull-Dog Sauce's (TSE:2804) Shareholders Will Receive A Bigger Dividend Than Last Year

Bull-Dog Sauce Co., Ltd.'s ( TSE:2804 ) dividend will be increasing from last year's payment of the same period to...
Analysis Article Sep 27

Bull-Dog Sauce's (TSE:2804) Shareholders Will Receive A Bigger Dividend Than Last Year

The board of Bull-Dog Sauce Co., Ltd. ( TSE:2804 ) has announced that the dividend on 2nd of December will be increased...
Analysis Article Sep 10

Bull-Dog Sauce's (TSE:2804) Shareholders Will Receive A Bigger Dividend Than Last Year

Bull-Dog Sauce Co., Ltd. ( TSE:2804 ) will increase its dividend on the 2nd of December to ¥20.00, which is 18% higher...
Analysis Article Aug 26

Bull-Dog Sauce (TSE:2804) Will Pay A Larger Dividend Than Last Year At ¥20.00

The board of Bull-Dog Sauce Co., Ltd. ( TSE:2804 ) has announced that it will be increasing its dividend by 18% on the...
Analysis Article Aug 11

Bull-Dog Sauce (TSE:2804) Is Increasing Its Dividend To ¥20.00

Bull-Dog Sauce Co., Ltd.'s ( TSE:2804 ) periodic dividend will be increasing on the 2nd of December to ¥20.00, with...
Analysis Article Jul 27

Bull-Dog Sauce's (TSE:2804) Upcoming Dividend Will Be Larger Than Last Year's

Bull-Dog Sauce Co., Ltd.'s ( TSE:2804 ) periodic dividend will be increasing on the 2nd of December to ¥20.00, with...
Analysis Article Jul 13

Bull-Dog Sauce's (TSE:2804) Shareholders Will Receive A Bigger Dividend Than Last Year

The board of Bull-Dog Sauce Co., Ltd. ( TSE:2804 ) has announced that it will be increasing its dividend by 18% on the...
Analysis Article May 22

Bull-Dog Sauce's (TSE:2804) Solid Earnings May Rest On Weak Foundations

The recent earnings posted by Bull-Dog Sauce Co., Ltd. ( TSE:2804 ) were solid, but the stock didn't move as much as we...
Analysis Article Jan 24

Bull-Dog Sauce's (TSE:2804) Dividend Will Be ¥18.00

The board of Bull-Dog Sauce Co., Ltd. ( TSE:2804 ) has announced that it will pay a dividend of ¥18.00 per share on the...
Analysis Article Nov 01

Earnings Troubles May Signal Larger Issues for Bull-Dog Sauce (TSE:2804) Shareholders

The market rallied behind Bull-Dog Sauce Co., Ltd.'s ( TSE:2804 ) stock, leading do a rise in the share price after its...

Revenue & Expenses Breakdown

How Bull-Dog Sauce makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

TSE:2804 Revenue, expenses and earnings (JPY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2614,6882,4404,0320
31 Dec 2514,6692,4443,9790
30 Sep 2514,6802,5093,9710
30 Jun 2514,6802,3753,9570
31 Mar 2514,6176233,9960
31 Dec 2414,6105914,1050
30 Sep 2414,5372764,2090
30 Jun 2414,490234,2250
31 Mar 2414,4821454,1560
31 Dec 2314,362-114,0860
30 Sep 2314,1302863,9540
30 Jun 2313,7255853,9000
31 Mar 2313,5295953,9210
31 Dec 2213,4477863,8710
30 Sep 2213,2706573,8660
30 Jun 2213,3096833,8290
31 Mar 2213,3007163,8490
31 Dec 2114,2215524,9980
30 Sep 2115,3176386,0560
30 Jun 2116,3685887,0960
31 Mar 2117,7086938,2280
31 Dec 2017,7168948,1350
30 Sep 2017,6848288,1640
30 Jun 2017,6257758,1820
31 Mar 2017,2356928,0720
31 Dec 1917,1086697,9690
30 Sep 1917,0496327,9140
30 Jun 1917,0025997,8700
31 Mar 1917,0107737,8270
31 Dec 1817,0007847,8460
30 Sep 1816,9128567,8200
30 Jun 1816,9009577,8110
31 Mar 1816,7918837,7710
31 Dec 1716,8328497,8100
30 Sep 1716,7278547,7500
30 Jun 1716,7318347,7230
31 Mar 1716,7608087,6920
31 Dec 1616,7748077,6660
30 Sep 1616,7557857,6760
30 Jun 1616,7667867,7090
31 Mar 1616,6667287,6810
31 Dec 1516,5387087,6480
30 Sep 1516,5636967,5880

Quality Earnings: 2804 has a large one-off gain of ¥2.7B impacting its last 12 months of financial results to 31st March, 2026.

Growing Profit Margin: 2804's current net profit margins (16.6%) are higher than last year (4.3%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: 2804's earnings have grown significantly by 33.3% per year over the past 5 years.

Accelerating Growth: 2804's earnings growth over the past year (291.7%) exceeds its 5-year average (33.3% per year).

Earnings vs Industry: 2804 earnings growth over the past year (291.7%) exceeded the Food industry 9.6%.


Return on Equity

High ROE: 2804's Return on Equity (9.7%) is considered low.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/07 17:18
End of Day Share Price 2026/07/07 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Bull-Dog Sauce Co., Ltd. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.