Nisshin Seifun GroupNISSHIN SEIFUN GROUP INC.2002東証プライム食料品FY ending Mar 2026, consolidated, J-GAAP

Nisshin Seifun Group FY ending Mar 2026 results

About 50% of Nisshin Seifun Group's sales come from Flour Milling, with Processed Food and Prepared dishes and other prepared foods making up much of the rest.

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

Revenue changed +1.6% from the prior year, operating profit +0.7%.

Revenue and profit pattern

Revenue and profit upSimilar growth

Revenue +1.6% · profit +0.7%, calculated from disclosed figures.

Operating leverage: 0.41× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: +1.6%¥851.5B → ¥865B
Gross profit: +2.4%¥190.2B → ¥194.7B
Operating income: +0.7%¥46.4B → ¥46.7B
Net income attributable to owners: -6.0%¥34.7B → ¥32.6B
Operating cash flow: +25.3%¥55.2B → ¥69.2B
Free cash flow: +103.9%¥13.7B → ¥28B

Results at a glance

Revenue for the FY ending Mar 2026 was ¥865B, up +1.6% from ¥851.5B.
Operating income barely moved, rising +0.7% to ¥46.7B.
Net income fell -6.0%, from ¥34.7B to ¥32.6B.
Cash generation improved: operating cash flow rose +25.3% to ¥69.2B, and free cash flow grew from ¥13.7B to ¥28B.

What drove the change

Sales grew thanks to more large engineering projects, higher shipments of processed foods and yeast, and steady demand for ready-made meals. Overseas flour sales fell on lower wheat prices and currency translation
Profit was held back by start-up costs at the new Mizushima flour mill in Japan and weaker shipments in overseas milling and mesh cloth. Higher shipments and price increases in processed foods and yeast made up for it
Net income fell because of an impairment loss on fixed assets in the yeast business in India

Things to watch

Tension in the Middle East and elsewhere could push up raw material and energy costs or disrupt supplies
Trade liberalization or changes to Japan's wheat policy could change how wheat is managed and sharpen competition in milling and processed foods
If higher wheat and other costs cannot be passed on through prices, profits will be squeezed

Annual securities report (FY ending 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 (FY ending 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 Nisshin Seifun Group sells, how much goes where, and how much is kept.

FY ending Mar 2026

Cost of sales: ¥78
SG&A: ¥17
Operating profit: ¥5
Net profit kept: ¥4

Annual margin trends

Gross margin22.5%

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

Flour Milling¥428.5B
50%
Op. margin 6.5%Industry: Food Ingredients
Processed Food¥216.6B
25%
Op. margin 3.8%Industry: Processed Foods
Prepared dishes and other prepared foods¥164.6B
19%
Op. margin 3.5%Industry: Takeout & Delivery Meals
Other¥55.3B
6%
Op. margin 9.9%

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182期(2025/04/01－2026/03/31)
ID S100YE6A2026-06-22Open
EDINET (FSA Japan)
有価証券報告書－第181期(2024/04/01－2025/03/31)
ID S100W0C22025-06-23Open
EDINET (FSA Japan)
訂正有価証券報告書－第180期(2023/04/01－2024/03/31)
ID S100UADS2024-08-30Open
EDINET (FSA Japan)
有価証券報告書－第179期(2022/04/01－2023/03/31)
ID S100R7Q52023-06-28Open
EDINET (FSA Japan)
有価証券報告書－第178期(令和3年4月1日－令和4年3月31日)
ID S100OEC12022-06-28Open
EDINET (FSA Japan)
有価証券報告書－第177期(令和2年4月1日－令和3年3月31日)
ID S100LQFN2021-06-25Open

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

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