NippnNIPPN CORPORATION2001東証プライム食料品FY ending Mar 2026, consolidated, J-GAAP

Nippn FY ending Mar 2026 results

About 58% of Nippn's sales come from Food business, with Flour milling business and Other making up much of the rest.

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

Revenue changed +1.8% from the prior year, operating profit +2.8%.

Revenue and profit pattern

Revenue and profit upSimilar growth

Revenue +1.8% · profit +2.8%, calculated from disclosed figures.

Operating leverage: 1.51× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
+1.8%¥410.9B → ¥418.4B
Gross profit
+5.2%¥99.6B → ¥104.8B
Operating income
+2.8%¥21.5B → ¥22.1B
Net income attributable to owners
-11.9%¥24.8B → ¥21.8B
Operating cash flow
+34.7%¥18.8B → ¥25.3B
Free cash flow
Loss-¥1.39B → -¥5.95B

Results at a glance

  • Revenue for FY ending Mar 2026 was ¥418.4B, up +1.8% from ¥410.9B.
  • Operating income grew a bit faster, rising +2.8% to ¥22.1B.
  • Net income dropped -11.9%, from ¥24.8B to ¥21.8B.
  • Operating cash flow jumped +34.7% to ¥25.3B, but heavy capital spending of ¥31.2B left free cash flow negative at -¥5.95B.

What drove the change

  • Sales grew on stronger inbound tourist demand, marketing-led promotions and price increases to cover rising costs
  • Labor and logistics costs went up, but steady sales still lifted operating income
  • Net income fell because the prior year included a one-off gain from selling idle land; flour milling sales slipped after the government cut its selling price for imported wheat, which NIPPN passed on

Things to watch

  • Changes to trade deals or Japan's wheat policy could hit its core flour, mix and pasta businesses
  • Sharp currency moves and higher raw material and energy costs could raise purchasing costs faster than prices can follow
  • A shrinking pool of truck drivers could delay deliveries to customers

Annual securities report (FY ending Mar 2026) / Management's analysis of financial position, results and cash flows · Annual securities report (FY ending Mar 2026) / Business risks

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

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

FY ending Mar 2026
Cost of sales
¥75
SG&A
¥20
Operating profit
¥5
Net profit kept
¥5

Annual margin trends

Gross margin25.0%
FY ending Mar 2021: 24.2%24.2%FY ending Mar 2022: 23.3%23.3%FY ending Mar 2023: 21.9%21.9%FY ending Mar 2024: 23.5%23.5%FY ending Mar 2025: 24.2%24.2%FY ending Mar 2026: 25.0%25.0%FY21FY22FY23FY24FY25FY26
Operating margin5.3%
FY ending Mar 2021: 3.6%3.6%FY ending Mar 2022: 3.5%3.5%FY ending Mar 2023: 3.4%3.4%FY ending Mar 2024: 5.1%5.1%FY ending Mar 2025: 5.2%5.2%FY ending Mar 2026: 5.3%5.3%FY21FY22FY23FY24FY25FY26
Net margin5.2%
FY ending Mar 2021: 3.0%3.0%FY ending Mar 2022: 2.9%2.9%FY ending Mar 2023: 2.8%2.8%FY ending Mar 2024: 6.6%6.6%FY ending Mar 2025: 6.0%6.0%FY ending Mar 2026: 5.2%5.2%FY21FY22FY23FY24FY25FY26

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

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202期(2025/04/01-2026/03/31)

    ID S100YIC92026-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第201期(2024/04/01-2025/03/31)

    ID S100W7OT2025-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第200期(2023/04/01-2024/03/31)

    ID S100TTYL2024-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第199期(2022/04/01-2023/03/31)

    ID S100R8LO2023-06-29Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第198期(令和3年4月1日-令和4年3月31日)

    ID S100ORA52022-07-20Open
  • EDINET (FSA Japan)

    有価証券報告書-第197期(令和2年4月1日-令和3年3月31日)

    ID S100LT8P2021-06-29Open

Extracted from XBRL: 56 / Derived from other figures: 2

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