NichireiNICHIREI CORPORATION2871東証プライム食料品FY ending Mar 2026, consolidated, J-GAAP

Nichirei FY ending Mar 2026 results

About 60% of Nichirei's sales come from Foods, with Logistics and Other making up much of the rest.

Out of every ¥100 of sales, about ¥5 is left as operating profit.

Revenue changed +2.0% from the prior year, operating profit +1.8%.

Revenue and profit pattern

Revenue and profit upSimilar growth

Revenue +2.0% · profit +1.8%, calculated from disclosed figures.

Operating leverage: 0.89× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: +2.0%¥702.1B → ¥716.1B
Gross profit: +2.4%¥126.2B → ¥129.2B
Operating income: +1.8%¥38.3B → ¥39B
Net income attributable to owners: +10.5%¥24.7B → ¥27.3B
Operating cash flow: -8.4%¥53.2B → ¥48.7B
Free cash flow: -30.3%¥23.8B → ¥16.6B

Results at a glance

Revenue for FY ending Mar 2026 was ¥716.1B, up +2.0% from ¥702.1B.
Operating income edged up +1.8% to ¥39B, while net income grew more strongly, up +10.5% to ¥27.3B.
Cash generation weakened: operating cash flow fell -8.4% to ¥48.7B and free cash flow dropped -30.3% to ¥16.6B.

What drove the change

Processed foods grew in Japan as price increases took hold and chicken products for large business customers sold well
Seafood and meat sales shrank as the company deliberately cut low-margin products, so the Foods segment's revenue fell overall
Foods profit declined due to higher raw material costs, partly from the weak yen, and a stronger Thai baht hurting exports from Thailand
Logistics profit rose on stronger storage and delivery demand in Japan and a change in depreciation method, offsetting the drop in Foods
Net income was also lifted by one-off gains, including sales of investment securities

Things to watch

Prices of chicken, seafood and other inputs can swing sharply; if price increases and cost cuts fall short, earnings suffer
Sudden moves in the US dollar, Thai baht or euro could affect results
Higher oil prices raise electricity and fuel costs, and labor shortages in Japan put pressure on both food production and logistics

Annual Securities Report, 108th term (Apr 2025 - Mar 2026) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report, 108th term (Apr 2025 - Mar 2026) / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 Nichirei sells, how much goes where, and how much is kept.

FY ending Mar 2026

Cost of sales: ¥82
SG&A: ¥13
Operating profit: ¥5
Net profit kept: ¥4

Annual margin trends

Gross margin18.0%

Operating margin5.4%

Net margin3.8%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Foods¥426.4B
60%
Op. margin 4.7%Industry: Fisheries
Logistics¥282B
39%
Op. margin 6.6%Industry: Warehouses & Logistics Facilities
Other¥4.41B
1%
Op. margin 10.7%
Real Estate¥3.34B
0%
Op. margin 56.7%Industry: Real Estate Development & Leasing

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第108期(2025/04/01－2026/03/31)
ID S100YCCS2026-06-16Open
EDINET (FSA Japan)
訂正有価証券報告書－第107期(2024/04/01－2025/03/31)
ID S100WDWZ2025-07-18Open
EDINET (FSA Japan)
有価証券報告書－第106期(2023/04/01－2024/03/31)
ID S100TR052024-06-25Open
EDINET (FSA Japan)
有価証券報告書－第105期(2022/04/01－2023/03/31)
ID S100R2PQ2023-06-27Open
EDINET (FSA Japan)
有価証券報告書－第104期(令和3年4月1日－令和4年3月31日)
ID S100OE3W2022-06-24Open
EDINET (FSA Japan)
有価証券報告書－第103期(令和2年4月1日－令和3年3月31日)
ID S100LLJM2021-06-22Open

Extracted from XBRL: 55 / Derived from other figures: 2

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