# Nisshin Seifun Group vs Nissui vs Warabeya Nichiyo Holdings vs Zensho Holdings

> Unit: JPY millions (ratios in %)
> Periods: Nisshin Seifun Group = FY ending Mar 2026, consolidated, J-GAAP / Nissui = FY ending Mar 2026, consolidated, J-GAAP / Warabeya Nichiyo Holdings = FY ending Feb 2026, consolidated, J-GAAP / Zensho Holdings = FY ending Mar 2026, consolidated, J-GAAP
> Retrieved: 2026-09-30T23:30:48.411Z

| Metric | Nisshin Seifun Group | Nissui | Warabeya Nichiyo Holdings | Zensho Holdings |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 865,004 | 931,265 | 233,833 | 1,264,053 |
| Operating income | 46,685 | 40,430 | 7,441 | 81,440 |
| Net income | 32,589 | 27,517 | 5,339 | 45,812 |
| COGS ratio | 77.5% | 83.7% | 81.2% | 45.7% |
| Operating margin | 5.4% | 4.3% | 3.2% | 6.4% |
| Net margin | 3.8% | 3.0% | 2.3% | 3.6% |
| FCF margin | 3.2% | 1.0% | 1.3% | 1.6% |
| Period | FY ending Mar 2026 | FY ending Mar 2026 | FY ending Feb 2026 | FY ending Mar 2026 |
| Source | S100YE6A | S100YHOQ | S100Y6N1 | S100YKA9 |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | Nisshin Seifun Group | Nissui | Warabeya Nichiyo Holdings | Zensho Holdings |
| --- | ---: | ---: | ---: | ---: |
| Revenue growth | 34.1 (22 peers) | 56.7 (15 peers) | 43.3 (15 peers) | 75.9 (56 peers) |
| Profitability | 52.1 (24 peers) | 78.1 (16 peers) | 53.1 (16 peers) | 76.5 (66 peers) |
| Cash conversion | 72.9 (24 peers) | 53.6 (14 peers) | 89.3 (14 peers) | 30 (55 peers) |
| Efficiency | 56.3 (24 peers) | 28.1 (16 peers) | 59.4 (16 peers) | 47.7 (66 peers) |
| Financial strength | 91.7 (6 peers) | — | — | 37.5 (4 peers) |

## Company details

- https://vizora.meequs.com/en/company/nisshin-seifun-group/md
- https://vizora.meequs.com/en/company/nissui/md
- https://vizora.meequs.com/en/company/warabeya-nichiyo-holdings/md
- https://vizora.meequs.com/en/company/zensho-holdings/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).