CALBEE, Inc. 2229

Calbee (TSE:2229) has drawn fresh attention after recent share price weakness, with the stock down 4% over the past month and 5.6% over the past 3 months, prompting closer scrutiny of its fundamentals. See our latest analysis for Calbee. At the current share price of ¥2,890.5, Calbee’s short term share price momentum has softened, with the stock down over the past quarter, while the 1 year total shareholder return of 0.73% and 5 year total shareholder return of 26.18% point to a steadier...

War in Iran has cut supplies of naphtha, a petroleum-derived material used in ink, prompting the Japanese snack company to go monochrome on May 25

STORY: :: Japan snack giant Calbee goes monochrome amid fear the Iran war could leave ink running short :: Tokyo, Japan / May 12, 2026 :: Tokyo said it had not received reports of supply issues related to printing ink or naphtha, an oil derivative :: Kei Sato, Deputy Chief Cabinet Secretary of Japan "As of now, we have not received any reports indicating that there will be immediate supply issues regarding printing ink or naphtha, and we understand that the necessary quantities are secured for Japan as a whole. Relevant ministries are working together and making efforts to communicate closely

Calbee says shortages tied to the Strait of Hormuz blockade are forcing some of its best-known products into monochrome packaging.

A Japanese snack giant is replacing its colourful crisp packets with black-and-white bags as the Iran war sparks a global shortage of petroleum-based inks.

Prices of naphtha, which is used to make solvents and resins for printing ink, have surged amid the war in Iran.