Industry map/Food & Agriculture
Agriculture & Seeds industry map
Who earns the money in Agriculture & Seeds, and who keeps it. When a company spans several industries, only the relevant segment is counted.
FY2025 · 18 companies · ¥325.2B
Industry map
Companies ordered by revenue, connected by ownership (major shareholders). Arrows point from the shareholder to the investee.
- Industry size (revenue)
- ¥325.2B
- Companies
- 18
- Avg. salary（parent only）
- ¥6.5M
- Industry weather
- Sunny
YoY +2.2%
Avg. age 42.5
Operating income +3.3%
Sakata Seed[1377]
Overseas wholesaling + 2 more
- Revenue
- ¥89.2B▲4.6%
- Operating income
- ¥24.5B▲6.7%
Margin 27.5%
Whole company: Revenue ¥92.9B · Net income ¥9.71B
Avg. salary ¥7M · 39.4（parent only）
Hokuto[1379]
Domestic Mushrooms Business + 1 more
- Revenue
- ¥64.3B▲2.4%
- Operating income
- ¥8.39B▲2.9%
Margin 13.0%
Whole company: Revenue ¥85.9B · Net income ¥7.01B
Avg. salary ¥6M · 40.6（parent only）
Megmilk Snow Brand[2270]
Feed and seeds
- Revenue
- ¥47.9B▼1.1%
- Operating income
- ¥710M▲95.6%
Margin 1.5%
Whole company: Revenue ¥615.8B · Net income ¥32.9B
Avg. salary ¥7.7M · 41.6（parent only）
Kaneko Seeds[1376]
Agricultural Materials and Facilities + 2 more
- Revenue
- ¥32.6B▲3.7%
- Operating income
- ¥918.7M▼6.5%
Margin 2.8%
Whole company: Revenue ¥64.5B · Net income ¥1.2B
Avg. salary ¥6M · 41.7（parent only）
Kagome[2811]
Other
- Revenue
- ¥22.1B▲2.3%
- Operating income
- —
Whole company: Revenue ¥294.3B · Net income ¥14.8B
Avg. salary ¥9M · 42.4（parent only）
Ichinen Holdings[9619]
Agriculture related business
- Revenue
- ¥19.6B▲11.7%
- Operating income
- ¥1.45B▲24.4%
Margin 7.4%
Whole company: Revenue ¥162.3B · Net income ¥7.65B
Avg. salary ¥7.9M · 44.4（parent only）
Restar[3156]
EcoSolutionReportableSegmentMember
- Revenue
- ¥17.4B▼15.9%
- Operating income
- ¥1.94B▼44.2%
Margin 11.2%
Whole company: Revenue ¥630.9B · Net income ¥7.69B
Avg. salary ¥7.5M · 45.0（parent only）
Ryoden[8084]
X-Tech
- Revenue
- ¥8.5B▼2.2%
- Operating income
- ¥122MBack to profit
Margin 1.4%
Whole company: Revenue ¥212.8B · Net income ¥5.28B
Avg. salary ¥7.8M · 43.8（parent only）
Berg Earth[1383]
Vegetable seedling and Seedling related + 1 more
- Revenue
- ¥7.2B▲3.1%
- Operating income
- ¥461.4M▼5.6%
Margin 6.4%
Whole company: Revenue ¥7.3B · Net income ¥48.3M
Avg. salary ¥4M · 38.9（parent only）
Nippon Beet Sugar Manufacturing[2108]
Agricultural materials
- Revenue
- ¥3.99B▲1.5%
- Operating income
- ¥270MBack to profit
Margin 6.8%
Whole company: Revenue ¥68.7B · Net income ¥5.03B
Avg. salary ¥6.7M · 43.8（parent only）
Ichimasa Kamaboko[2904]
Mushroom
- Revenue
- ¥3.77B▼0.6%
- Operating income
- -¥251.6M
Margin -6.7%
Whole company: Revenue ¥34.6B · Net income ¥746.9M
Avg. salary ¥4.3M · 40.2（parent only）
OPTiM[3694]
AgriTech business
- Revenue
- ¥2.64B▲52.7%
- Operating income
- -¥460.1M
Margin -17.4%
Whole company: Revenue ¥11.7B · Net income ¥1.11B
Avg. salary ¥6.2M · 33.4（parent only）
※ Card revenue and operating income cover only the segment in this industry; “Whole company” shows consolidated revenue and net income.
Other companies: E-Supportlink · HOB · Watami · Azuma Shipping · Nihon Yamamura Glass · Nakabayashi
The weather is derived mechanically from year-over-year totals of revenue and operating income (both up = sunny, both down = rainy).
Who earns the money
Area = revenue from businesses in this industry. Color = operating margin.
Who makes a profit
Across = revenue (log scale), up = operating margin, bubble size = operating income.
Ranking and momentum
| Rank | Company (business) | Revenue | Share | Op. margin | CAGR | FCF* |
|---|---|---|---|---|---|---|
| 1 | Sakata SeedOverseas wholesaling + 2 more | ¥89.2B | 27.4% | 27.5% | — | -¥2.61B |
| 2 | HokutoDomestic Mushrooms Business + 1 more | ¥64.3B | 19.8% | 13.0% | +5.1% | ¥5.9B |
| 3 | Megmilk Snow BrandFeed and seeds | ¥47.9B | 14.7% | 1.5% | +0.6% | -¥4.39B |
| 4 | Kaneko SeedsAgricultural Materials and Facilities + 2 more | ¥32.6B | 10.0% | 2.8% | -0.2% | -¥998.9M |
| 5 | KagomeOther | ¥22.1B | 6.8% | — | +89.2% | ¥15.5B |
| 6▲1 | Ichinen HoldingsAgriculture related business | ¥19.6B | 6.0% | 7.4% | — | ¥4.58B |
| 7▼1 | RestarEcoSolutionReportableSegmentMember | ¥17.4B | 5.3% | 11.2% | — | -¥9.81B |
| 8 | RyodenX-Tech | ¥8.5B | 2.6% | 1.4% | +5.0% | ¥1.66B |
| 9 | Berg EarthVegetable seedling and Seedling related + 1 more | ¥7.2B | 2.2% | 6.4% | — | -¥239.4M |
| 10 | Nippon Beet Sugar ManufacturingAgricultural materials | ¥3.99B | 1.2% | 6.8% | -1.5% | ¥1.04B |
| 11 | Ichimasa KamabokoMushroom | ¥3.77B | 1.2% | -6.7% | -4.8% | -¥958.6M |
| 12▲2 | OPTiMAgriTech business | ¥2.64B | 0.8% | -17.4% | — | -¥93.9M |
| 13 | E-SupportlinkAgricultural support business | ¥2.45B | 0.8% | -8.1% | +16.4% | -¥378.6M |
| 14▼2 | HOBStrawberry and fruit business + 2 more | ¥2.28B | 0.7% | 7.8% | -6.2% | -¥5M |
| 15 | WatamiAgriculture | ¥748M | 0.2% | -1.9% | +0.3% | ¥4.37B |
| 16 | Azuma ShippingOther business | ¥260.9M | 0.1% | -13.4% | +3.2% | -¥1.89B |
| 17 | Nihon Yamamura GlassOther | ¥173M | 0.1% | -122.5% | — | ¥4.6B |
| 18 | NakabayashiOther | ¥104M | 0.0% | 11.5% | +13.4% | ¥2.63B |
* FCF is company-wide (not disclosed by segment). CAGR covers the available years, up to five.
How they make money differently
Where each company's ¥100 of sales goes, and how much it keeps (company-wide).
- Cost of sales
- Operating costs
- SG&A
- Operating profit
- OPTiM542917
- Sakata Seed375013
- Hokuto71218
- Kagome67258
- Ichinen Holdings78157
- Watami4451
- Nihon Yamamura Glass7916
- Nakabayashi7322
- Megmilk Snow Brand8314
- Restar91
- Kaneko Seeds8513
- Ryoden8612
- Ichimasa Kamaboko8018
- E-Supportlink6731
- HOB7721
- Azuma Shipping98
- Berg Earth7624
- Nippon Beet Sugar Manufacturing8020
Ownership links
From the major-shareholder section of annual securities reports.
- 太平洋セメント㈱Outside
- AffiliateAzuma Shipping39.4%
- 三菱電機株式会社Outside
- AffiliateRyoden36.0%
- 明治ホールディングス㈱Outside
- StakeNippon Beet Sugar Manufacturing8.2%
- StakeHokuto5.0%
- 株式会社群馬銀行Outside
- StakeKaneko Seeds4.4%
- ダイナパック㈱Outside
- StakeKagome4.3%
- ＳＢＩホールディングス株式会社Outside
- StakeRestar3.5%
- ＯＡＴアグリオ株式会社Outside
- StakeBerg Earth3.1%
The company on each card is a major shareholder of the companies listed under it (latest 'major shareholders' disclosure). 50%+ is labelled subsidiary and 20%+ affiliate, based on ownership alone. Stakes under 3% are omitted.
Compare the leaders side by side
All companies in Agriculture & Seeds (by revenue)
All 18 companies in this industry, ranked by revenue in each company's latest fiscal year. For companies that belong through one business segment, the figure is that segment's revenue.
- Sakata Seed¥100.1B · 25.4%
- Hokuto¥64.3B · 13.0%
- Megmilk Snow Brand¥47.9B · 1.5%
- Kaneko Seeds¥33.2B · 3.3%
- Kagome¥22.1B
- Ichinen Holdings¥19.6B · 7.4%
- Restar¥17.4B · 11.2%
- Ryoden¥8.5B · 1.4%
- Berg Earth¥7.2B · 6.4%
- Nippon Beet Sugar Manufacturing¥3.99B · 6.8%
- Ichimasa Kamaboko¥3.89B · -6.3%
- OPTiM¥2.64B · -17.4%
- E-Supportlink¥2.45B · -8.1%
- HOB¥2.28B · 7.8%
- Watami¥748M · -1.9%
- Azuma Shipping¥260.9M · -13.4%
- Nihon Yamamura Glass¥173M · -122.5%
- Nakabayashi¥104M · 11.5%
Revenue · Op. margin
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