Industry map/Food & Agriculture
Food Packaging industry map
Who earns the money in Food Packaging, and who keeps it. When a company spans several industries, only the relevant segment is counted.
FY2025 · 37 companies · ¥4.25T
Industry map
Companies ordered by revenue, connected by ownership (major shareholders). Arrows point from the shareholder to the investee.
- Industry size (revenue)
- ¥4.25T
- Companies
- 37
- Avg. salary（parent only）
- ¥6.8M
- Industry weather
- Sunny
YoY +6.8%
Avg. age 42.8
Operating income +29.9%
Toyo Seikan Group Holdings[5901]
Packaging business + 1 more
- Revenue
- ¥781.6B▲4.4%
- Operating income
- ¥30.1B▲73.5%
Margin 3.8%
Whole company: Revenue ¥963.2B · Net income ¥55B
Avg. salary ¥7.6M · 42.3（parent only）
TOPPAN Holdings[7911]
Living and Industry
- Revenue
- ¥715.2B▲32.0%
- Operating income
- ¥33.1B▼1.1%
Margin 4.6%
Whole company: Revenue ¥1.81T · Net income ¥64.8B
Avg. salary ¥8.7M · 42.8（parent only）
Dai Nippon Printing[7912]
Life and Healthcare
- Revenue
- ¥512.1B▲3.3%
- Operating income
- ¥37.3B▲56.6%
Margin 7.3%
Whole company: Revenue ¥1.51T · Net income ¥104B
Avg. salary ¥8.6M · 44.8（parent only）
Nippon Paper Industries[3863]
Lifestyle
- Revenue
- ¥482B▲5.3%
- Operating income
- ¥7.17BBack to profit
Margin 1.5%
Whole company: Revenue ¥1.19T · Net income ¥11.7B
Avg. salary ¥6.9M · 43.0（parent only）
Rengo[3941]
Overseas business + 2 more
- Revenue
- ¥447B▲1.7%
- Operating income
- ¥9.64B▼17.4%
Margin 2.2%
Whole company: Revenue ¥1.01T · Net income ¥21B
Avg. salary ¥8.2M · 42.1（parent only）
FP[7947]
- Revenue
- ¥240.5B▲2.1%
- Operating income
- ¥21.6B▲17.0%
Margin 9.0%
Avg. salary ¥7.6M · 42.3（parent only）
- Sekisui Kasei owns 3.1%
Sekisui Kasei[4228]
Human Life
- Revenue
- ¥52.4B▼4.7%
- Operating income
- ¥3.03B▲0.9%
Margin 5.8%
Whole company: Revenue ¥113.9B · Net income ¥2.15B
Avg. salary ¥7.8M · 46.0（parent only）
- FP owns 3.0%
Fuji Seal International[7864]
japan + 3 more
- Revenue
- ¥217.8B▲2.5%
- Operating income
- ¥20.6B▲5.9%
Margin 9.5%
Whole company: Revenue ¥217.8B · Net income ¥20.7B
Avg. salary ¥8M · 47.0（parent only）
Kohsoku[7504]
- Revenue
- ¥124.2B▲7.1%
- Operating income
- ¥4.87B▲7.4%
Margin 3.9%
Avg. salary ¥6M · 39.0（parent only）
Ishizuka Glass[5204]
Packaging container + 3 more
- Revenue
- ¥72.6B▲4.8%
- Operating income
- ¥5.67B▲34.0%
Margin 7.8%
Whole company: Revenue ¥59.5B · Net income ¥2.62B
Avg. salary ¥6M · 43.6（parent only）
Nihon Yamamura Glass[5210]
Glass Containers + 1 more
- Revenue
- ¥53.7B▼3.3%
- Operating income
- ¥3.37B▲20.0%
Margin 6.3%
Whole company: Revenue ¥72.2B · Net income ¥3.27B
Avg. salary ¥6.9M · 44.8（parent only）
Okura Industrial[4221]
Synthetic resin business
- Revenue
- ¥52.7B▲1.6%
- Operating income
- ¥5.52B▲24.0%
Margin 10.5%
Whole company: Revenue ¥86.7B · Net income ¥3.81B
Avg. salary ¥6.1M · 40.5（parent only）
※ Card revenue and operating income cover only the segment in this industry; “Whole company” shows consolidated revenue and net income.
Other companies: JSP · Hokkan Holdings · SENKO Group Holdings · Riken Technos · Kyodo Printing · Zacros · Taisei Lamick Group Head Quarter & Innovation · Mitsui Matsushima Holdings · Shin-Etsu Polymer · Superbag · Maruto Sangyo · Furubayashi Shiko · Hokuetsu · Takemoto Yohki · THE Pack · Sun A.Kaken · Ohishi Sangyo · Nihon Seikan · shoei · Altech · Dynic · Nomura · Sagami Rubber Industries · Powdertech · Fuji Latex
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 | Toyo Seikan Group HoldingsPackaging business + 1 more | ¥781.6B | 18.4% | 3.9% | +4.0% | ¥39.9B |
| 2 | TOPPAN HoldingsLiving and Industry | ¥715.2B | 16.8% | 4.6% | +13.2% | -¥61.8B |
| 3 | Dai Nippon PrintingLife and Healthcare | ¥512.1B | 12.0% | 7.3% | — | -¥32.6B |
| 4 | Nippon Paper IndustriesLifestyle | ¥482B | 11.3% | 1.5% | +5.7% | ¥20.7B |
| 5 | RengoOverseas business + 2 more | ¥447B | 10.5% | 2.2% | +14.2% | -¥12.7B |
| 6 | FP | ¥240.5B | 5.7% | 9.0% | +5.3% | ¥13.4B |
| 7 | Fuji Seal Internationaljapan + 3 more | ¥217.8B | 5.1% | 9.5% | +6.3% | ¥4.26B |
| 8 | Kohsoku | ¥124.2B | 2.9% | 3.9% | +7.8% | -¥1.97B |
| 9 | Ishizuka GlassPackaging container + 3 more | ¥72.6B | 1.7% | 7.8% | +9.6% | ¥3.55B |
| 10 | Nihon Yamamura GlassGlass Containers + 1 more | ¥53.7B | 1.3% | 6.3% | +3.1% | ¥4.6B |
| 11▲1 | Okura IndustrialSynthetic resin business | ¥52.7B | 1.2% | 10.5% | +2.4% | ¥2.79B |
| 12▼1 | Sekisui KaseiHuman Life | ¥52.4B | 1.2% | 5.8% | +1.4% | ¥2.44B |
| 13 | JSPExtrusion | ¥49.5B | 1.2% | 4.2% | +6.1% | ¥5.99B |
| 14 | Hokkan HoldingsContainer Business + 1 more | ¥47.1B | 1.1% | 3.6% | +0.6% | -¥3.08B |
| 15 | SENKO Group HoldingsProduct | ¥45.8B | 1.1% | 1.5% | — | ¥15B |
| 16▲1 | Riken TechnosDaily Life and Healthcare | ¥36.5B | 0.9% | 10.8% | +4.4% | ¥8.47B |
| 17▲2 | Kyodo PrintingLiving and Industrial Materials Branch | ¥33.2B | 0.8% | 4.6% | +4.3% | ¥1.66B |
| 18 | ZacrosEnvironment solution | ¥32.6B | 0.8% | 4.5% | -1.9% | -¥9.99B |
| 19▲1 | Taisei Lamick Group Head Quarter & Innovation | ¥32.5B | 0.8% | 7.4% | +3.6% | ¥65.6M |
| 20▲1 | Mitsui Matsushima HoldingsConsumer goods | ¥27.1B | 0.6% | 9.1% | — | ¥3.31B |
| 21▲1 | Shin-Etsu PolymerHousing and living materials | ¥21.5B | 0.5% | 7.6% | +0.1% | ¥10.2B |
| 22▲1 | SuperbagPaper products + 1 more | ¥21B | 0.5% | 6.0% | +3.2% | -¥639M |
| 23▲2 | Maruto Sangyo | ¥18.8B | 0.4% | 2.2% | +2.9% | ¥157.3M |
| 24 | Furubayashi ShikoJapan + 1 more | ¥17.9B | 0.4% | 3.3% | +2.6% | ¥671.2M |
| 25▲1 | HokuetsuPackaging and paper processing | ¥17.4B | 0.4% | 3.2% | +6.4% | -¥6.5B |
| 26▲1 | Takemoto Yohki | ¥14.5B | 0.3% | 6.8% | -2.1% | -¥498.4M |
| 27▲1 | THE PackChemical products business | ¥13.3B | 0.3% | 6.2% | +4.5% | ¥2.91B |
| 28▲1 | Sun A.KakenFlexible packaging | ¥12.3B | 0.3% | 2.4% | +2.2% | ¥1.03B |
| 29▲1 | Ohishi SangyoPacking materials | ¥11.4B | 0.3% | 5.5% | +2.7% | -¥221M |
| 30▲1 | Nihon SeikanSteel Can Manufacturer | ¥11.3B | 0.3% | -3.5% | +2.3% | -¥203.6M |
| 31▲2 | shoeiSales promotion support | ¥10.1B | 0.2% | 8.6% | +1.8% | ¥829.4M |
| 32 | AltechPreform | ¥8.58B | 0.2% | -6.1% | +12.5% | ¥115.7M |
| 33▲1 | DynicPacking related | ¥7.99B | 0.2% | 5.3% | +4.1% | ¥761.3M |
| 34▲1 | NomuraPackaging-related business | ¥6.2B | 0.1% | 11.0% | +9.4% | ¥932.8M |
| 35▲1 | Sagami Rubber IndustriesPlastic products business | ¥1.19B | 0.0% | -3.0% | +0.8% | ¥454.6M |
| 36▲1 | PowdertechQuality Preservative | ¥965.9M | 0.0% | 5.0% | — | ¥1.24B |
| 37▲1 | Fuji LatexFood container | ¥182.3M | 0.0% | -64.9% | -2.2% | ¥266.5M |
* 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
- Mitsui Matsushima Holdings622414
- Shin-Etsu Polymer701812
- FP67249
- Fuji Seal International78139
- Riken Technos80119
- Dai Nippon Printing76177
- Ishizuka Glass74197
- Okura Industrial80137
- Zacros77167
- Taisei Lamick Group Head Quarter & Innovation73207
- Toyo Seikan Group Holdings869
- Nihon Yamamura Glass7916
- JSP7421
- TOPPAN Holdings7620
- Rengo8115
- Kohsoku8016
- Hokkan Holdings7719
- SENKO Group Holdings96
- Superbag8017
- Hokuetsu8017
- Nippon Paper Industries8315
- Sekisui Kasei7721
- Kyodo Printing7919
- Maruto Sangyo8513
- Furubayashi Shiko8414
Showing the 25 largest companies by revenue.
Ownership links
From the major-shareholder section of annual securities reports.
- 信越化学工業株式会社Outside
- SubsidiaryShin-Etsu Polymer53.5%
- StakeRiken Technos3.5%
- 三菱瓦斯化学株式会社Outside
- AffiliateJSP47.4%
- 三井金属株式会社Outside
- AffiliatePowdertech35.3%
- 積水化学工業株式会社Outside
- AffiliateSekisui Kasei21.6%
- TOPPAN HoldingsIn industry
- StakeMaruto Sangyo18.9%
- 大王製紙㈱Outside
- 昭和パックス株式会社Outside
- StakeSun A.Kaken14.0%
- 王子ホールディングス株式会社Outside
- StakeOhishi Sangyo9.6%
- StakeSuperbag4.6%
- 日本製鉄株式会社Outside
- StakeNihon Seikan7.8%
- 東京インキ株式会社Outside
- StakeKyodo Printing7.2%
- 住友化学株式会社Outside
- StakeOkura Industrial6.0%
- RengoIn industry
- StakeFurubayashi Shiko3.8%
- 松井証券株式会社Outside
- StakeNihon Seikan3.6%
- Kyodo PrintingIn industry
- StakeAltech3.1%
- 丸紅株式会社Outside
- StakeRiken Technos3.1%
- 積水樹脂株式会社Outside
- StakeSekisui Kasei3.1%
- 大日精化工業株式会社Outside
- Sekisui KaseiIn industry
- StakeFPcross-held3.1%
- ａｒｔｉｅｎｃｅ株式会社Outside
- StakeKyodo Printing3.0%
- 三菱商事株式会社Outside
- StakeRiken Technos3.0%
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 Food Packaging (by revenue)
All 38 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.
- Toyo Seikan Group Holdings¥781.6B · 3.9%
- TOPPAN Holdings¥715.2B · 4.6%
- Dai Nippon Printing¥512.1B · 7.3%
- Nippon Paper Industries¥482B · 1.5%
- Rengo¥447B · 2.2%
- FP¥240.5B · 9.0%
- Fuji Seal International¥217.8B · 9.5%
- Kohsoku¥124.2B · 3.9%
- Ishizuka Glass¥72.6B · 7.8%
- Nihon Yamamura Glass¥53.7B · 6.3%
- Okura Industrial¥52.7B · 10.5%
- Sekisui Kasei¥52.4B · 5.8%
- JSP¥49.5B · 4.2%
- Hokkan Holdings¥47.1B · 3.6%
- SENKO Group Holdings¥45.8B · 1.5%
- Kureha¥40.5B · 17.5%
- Riken Technos¥36.5B · 10.8%
- Kyodo Printing¥33.2B · 4.6%
- Zacros¥32.6B · 4.5%
- Taisei Lamick Group Head Quarter & Innovation¥32.5B · 7.4%
- Mitsui Matsushima Holdings¥27.1B · 9.1%
- Shin-Etsu Polymer¥21.5B · 7.6%
- Superbag¥21B · 6.0%
- Maruto Sangyo¥18.8B · 2.2%
- Furubayashi Shiko¥17.9B · 3.3%
- Hokuetsu¥17.4B · 3.2%
- Takemoto Yohki¥14.5B · 6.8%
- THE Pack¥13.3B · 6.2%
- Sun A.Kaken¥12.3B · 2.4%
- Ohishi Sangyo¥11.4B · 5.5%
- Nihon Seikan¥11.3B · -3.5%
- shoei¥10.1B · 8.6%
- Altech¥8.58B · -6.1%
- Dynic¥7.99B · 5.3%
- Nomura¥6.2B · 11.0%
- Sagami Rubber Industries¥1.19B · -3.0%
- Powdertech¥965.9M · 5.0%
- Fuji Latex¥182.3M · -64.9%
Revenue · Op. margin
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