NittoBestNittoBest Corporation2877東証スタンダード食料品FY ending Mar 2026, consolidated, J-GAAP

NittoBest revenue and profit

Out of every ¥100 of sales, about ¥1 is left as operating profit. Revenue changed +2.9% from the prior year, operating profit +12.7%.

Five-year trend

Revenue¥57.5B
FY ending Mar 2022: ¥49.7B¥49.7BFY ending Mar 2023: ¥51.9B¥51.9BFY ending Mar 2024: ¥54.3B¥54.3BFY ending Mar 2025: ¥55.9B¥55.9BFY ending Mar 2026: ¥57.5B¥57.5BFY22FY23FY24FY25FY26
Operating income¥647.3M
FY ending Mar 2022: ¥843.8M¥843.8MFY ending Mar 2023: ¥380.8M¥380.8MFY ending Mar 2024: ¥504.8M¥504.8MFY ending Mar 2025: ¥574.4M¥574.4MFY ending Mar 2026: ¥647.3M¥647.3MFY22FY23FY24FY25FY26
Operating margin1.1%
FY ending Mar 2022: 1.7%1.7%FY ending Mar 2023: 0.7%0.7%FY ending Mar 2024: 0.9%0.9%FY ending Mar 2025: 1.0%1.0%FY ending Mar 2026: 1.1%1.1%FY22FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin0.9%
Asset turnover1.42×
ROA1.3%
ROA1.3%
Financial leverage2.60×
ROE3.3%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin0.9%
2022: 1.2%1.2%2023: 0.5%0.5%2024: 0.8%0.8%2025: 0.7%0.7%2026: 0.9%0.9%2223242526
Asset turnover1.42×
2022: 1.29×1.29×2023: 1.32×1.32×2024: 1.31×1.31×2025: 1.35×1.35×2026: 1.42×1.42×2223242526
ROA1.3%
2022: 1.6%1.6%2023: 0.6%0.6%2024: 1.0%1.0%2025: 0.9%0.9%2026: 1.3%1.3%2223242526
Financial leverage2.60×
2022: 2.61×2.61×2023: 2.66×2.66×2024: 2.76×2.76×2025: 2.70×2.70×2026: 2.60×2.60×2223242526
ROE3.3%
2022: 4.1%4.1%2023: 1.6%1.6%2024: 2.7%2.7%2025: 2.5%2.5%2026: 3.3%3.3%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20221.2%1.29×1.6%2.61×4.1%
20230.5%1.32×0.6%2.66×1.6%
20240.8%1.31×1.0%2.76×2.7%
20250.7%1.35×0.9%2.70×2.5%
20260.9%1.42×1.3%2.60×3.3%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue23.8%
2021: 30.3%30.3%2022: 28.9%28.9%2023: 27.9%27.9%2024: 26.1%26.1%2025: 24.7%24.7%2026: 23.8%23.8%212223242526
PPE ÷ total assets33.2%
2021: 39.4%39.4%2022: 37.3%37.3%2023: 35.9%35.9%2024: 33.2%33.2%2025: 34.6%34.6%2026: 33.2%33.2%212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending¥581.2M
2021: ¥754.5M¥754.5M2022: ¥485.3M¥485.3M2023: ¥474.9M¥474.9M2024: ¥489.5M¥489.5M2025: ¥488.2M¥488.2M2026: ¥581.2M¥581.2M212223242526
R&D / revenue1.0%
2021: 1.5%1.5%2022: 1.0%1.0%2023: 0.9%0.9%2024: 0.9%0.9%2025: 0.9%0.9%2026: 1.0%1.0%212223242526
Receivable days67d
2021: 71d71d2022: 72d72d2023: 72d72d2024: 75d75d2025: 69d69d2026: 67d67d212223242526
Payable days34d
2021: 37d37d2022: 39d39d2023: 40d40d2024: 41d41d2025: 34d34d2026: 34d34d212223242526

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue49,74751,87954,27155,86057,493
Cost of revenue40,67743,06045,19246,53647,766
Gross profit9,0708,8189,0799,3259,727
SG&A8,2268,4378,5748,7509,080
Operating income844381505574647
Pretax income856401629580751
Income tax297141191140195
Net income attributable to owners608243412385514
Operating margin1.7%0.7%0.9%1.0%1.1%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

Cash 11%
Receivables 26%
Property, plant and equipment 33%
1%
Investment securities 9%
Other assets 20%

Funding

Trade payables 11%
Other liabilities 47%
Equity 42%
0%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥3.44B¥3.67B¥5.7B¥3.5B¥4.28B
Total assets¥38.6B¥40.3B¥42.6B¥39.9B¥41.2B
Net assets¥15.2B¥15.5B¥16.2B¥16.6B¥17.3B
Share capital¥1.47B¥1.47B¥1.47B¥1.47B¥1.47B
Trade receivables¥9.8B¥10.2B¥11.2B¥10.6B¥10.5B
Property, plant and equipment¥14.4B¥14.5B¥14.2B¥13.8B¥13.7B
Intangible assets excluding goodwill¥309M¥310.6M¥340.9M¥420.5M¥527.5M
Investment securities¥3.49B¥3.2B¥3.6B¥3.52B¥3.82B
Current assets¥19.2B¥21.2B¥23.6B¥21.1B¥22.3B
Current liabilities¥15.4B¥17.8B¥19.9B¥17B¥18B
Trade payables¥4.35B¥4.76B¥5.13B¥4.38B¥4.48B
Short-term borrowings¥3.28B¥4.44B¥4.92B¥4.88B¥4.64B
Long-term borrowings¥4.87B¥4.54B¥4.17B¥4.06B¥3.86B
Bonds¥500M————
Interest-bearing debt¥8.65Bderived————
Total liabilities¥23.4B¥24.8B¥26.4B¥23.3B¥23.9B
Non-controlling interests¥328.3M¥384.3M¥431.7M¥509.8M¥536.1M
Equity attributable to owners of parent¥14.8B¥14.9B¥15.2B¥15.4B¥15.8B
Retained earnings¥11.6B¥11.7B¥12B¥12.2B¥12.6B
Treasury stock-¥4.2M-¥4.3M-¥4.4M-¥4.4M-¥4.4M

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第88期(2025/04/01-2026/03/31)

    ID S100YGFI2026-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第87期(2024/04/01-2025/03/31)

    ID S100W3C32025-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第86期(2023/04/01-2024/03/31)

    ID S100TPM02024-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第85期(2022/04/01-2023/03/31)

    ID S100R0N92023-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第84期(令和3年4月1日-令和4年3月31日)

    ID S100ODWQ2022-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第83期(令和2年4月1日-令和3年3月31日)

    ID S100LOQ12021-06-25Open

Extracted from XBRL: 54 / Derived from other figures: 1

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