2055
NICHIWA SANGYO CO., LTD.
日和産業株式会社
Foods
Nichiwa Sangyo Co., Ltd. manufactures, processes, sells, and trades in compound feed products in Japan. It operates through Feed Business and Livestock Business segments. The company is also involved in the manufacture, sale, and brokerage of livestock and poultry equipment; breeding of livestock and poultry; production and sales of livestock products; processing of livestock products and food; sales of animal drugs; and the livestock medical treatment business. Nichiwa Sangyo Co., Ltd. was incorporated in 1924 and is headquartered in Kobe, Japan.
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⚠ TSE Capital Mandate
P / Book
0.33×
Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥45.6B
¥48.6B
¥52.9B
¥54.7B
¥44.9B
Cost of Sales
¥41.4B
¥45.0B
¥49.7B
¥52.3B
¥42.4B
Gross Profit
¥4.1B
¥3.6B
¥3.1B
¥2.4B
¥2.5B
SG&A
¥2.7B
¥2.7B
¥2.2B
¥2.6B
¥2.4B
Operating Income
¥1.5B
¥906M
¥905M
¥-200M
¥118M
Non-Operating Income
¥219M
¥389M
¥155M
¥249M
¥253M
Dividend Income
—
¥30M
¥25M
¥22M
¥18M
Interest Income
—
¥9M
¥12M
¥22M
¥23M
Non-Operating Expenses
—
¥151M
¥145M
¥148M
¥154M
Interest Expense
—
¥57M
¥55M
¥56M
¥56M
Ordinary Income
¥1.4B
¥1.1B
¥915M
¥-99M
¥217M
Pre-tax Income
¥807M
¥499M
¥1.1B
¥199M
¥217M
Income Taxes
¥428M
¥189M
¥513M
¥42M
¥100M
Current Tax
—
¥372M
¥248M
¥45M
¥193M
Deferred Tax
—
¥-182M
¥264M
¥-2M
¥-93M
Net Income (owners)
¥378M
¥310M
¥541M
¥157M
¥116M
Comprehensive Income
—
¥218M
¥837M
¥131M
¥195M
EBITDA
¥2.0B
¥1.5B
¥1.5B
¥418M
¥721M
EPS
¥20.92
¥17.12
¥29.91
¥8.68
¥6.08
Shares Outstanding
—
18.1M
18.1M
18.1M
18.1M
Shares Issued (total)
—
20.8M
20.8M
20.8M
20.8M
Treasury Shares
—
2.7M
2.7M
2.7M
2.7M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥30.8B
¥29.7B
¥32.6B
¥29.7B
¥29.0B
Current Assets
¥24.1B
¥23.6B
¥25.6B
¥22.5B
¥21.9B
Cash & Deposits
¥9.4B
¥9.0B
¥7.0B
¥5.2B
¥7.6B
Trade Receivables
—
¥9.8B
¥12.9B
¥11.4B
¥9.0B
Non-Current Assets
¥6.8B
¥6.1B
¥7.0B
¥7.2B
¥7.2B
PP&E
¥4.0B
¥4.7B
¥5.5B
¥5.8B
¥5.6B
Intangible Assets
—
¥16M
¥5M
¥40M
¥8M
Investment Securities
¥1.9B
¥950M
¥1.0B
¥643M
¥591M
Deferred Tax Assets
—
—
—
¥129M
¥111M
Total Liabilities
¥11.8B
¥11.5B
¥14.5B
¥12.3B
¥11.6B
Current Liabilities
¥10.3B
¥11.2B
¥14.0B
¥12.1B
¥11.4B
Accounts Payable
—
¥6.1B
¥8.6B
¥6.7B
¥5.9B
ST Debt
¥3.6B
¥4.0B
¥4.0B
¥4.3B
¥4.3B
Taxes Payable
—
¥268M
¥251M
¥0M
¥100M
Non-Current Liabilities
¥1.4B
¥249M
¥468M
¥206M
¥187M
Total LT Borrowings
¥783M
—
—
—
—
Pension Obligations
—
¥19M
¥23M
¥21M
¥21M
Deferred Tax Liab.
—
¥48M
¥262M
—
—
Total Equity
¥19.0B
¥18.2B
¥18.2B
¥17.4B
¥17.4B
Capital Stock
—
¥2.0B
¥2.0B
¥2.0B
¥2.0B
Capital Surplus
—
¥1.9B
¥1.9B
¥1.9B
¥1.9B
Retained Earnings
¥14.8B
¥14.5B
¥14.4B
¥13.9B
¥13.9B
Treasury Stock
—
¥-722M
¥-722M
¥-722M
¥-722M
AOCI
—
¥496M
¥588M
¥292M
¥318M
Equity (owners)
¥18.0B
¥17.7B
¥17.6B
¥17.1B
¥17.1B
Total Interest-Bearing Debt ⓘ
¥4.4B
¥4.0B
¥4.0B
¥4.3B
¥4.3B
Net Cash ⓘ
¥5.0B
¥5.0B
¥3.1B
¥913M
¥3.3B
NCAV ⓘ
¥12.3B
¥12.2B
¥11.1B
¥10.2B
¥10.2B
NCAV/Share
—
¥671
¥615
¥565
¥565
BV/Share
—
¥980
¥970
¥946
¥944
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥1.2B
¥2.4B
¥2.1B
¥-1.5B
¥-1.0B
Taxes Paid
—
¥-399M
¥51M
—
—
Interest Paid
—
¥-62M
¥-53M
¥-59M
¥-58M
Interest Received
—
¥39M
¥38M
¥45M
¥42M
D&A
¥511M
¥588M
¥568M
¥618M
¥603M
Investing CF
¥-1.1B
¥-321M
¥215M
¥-793M
¥-622M
CapEx
¥377M
¥436M
¥658M
¥901M
¥797M
Purchase Investments
—
¥-3M
—
—
—
Financing CF
¥284M
¥-144M
¥-408M
¥-108M
¥-541M
Dividends Paid
—
¥-144M
¥-108M
¥-108M
¥-115M
Share Buybacks
—
¥0M
¥0M
¥0M
¥-426M
Free Cash Flow
¥777M
¥2.0B
¥1.4B
¥-2.4B
¥-1.8B
Net Change in Cash
—
¥2.0B
¥1.9B
¥-2.4B
¥-2.2B
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
2.0%
1.7%
3.0%
0.9%
0.7%
ROA
1.2%
1.0%
1.7%
0.5%
0.4%
EPS
¥20.92
¥17.12
¥29.91
¥8.68
¥6.08
DPS
¥0.00
¥6.00
¥8.00
¥6.00
¥6.00
BPS
¥1,051.22
¥1,006.95
¥1,002.90
¥962.64
¥961.24
FCF/Share
—
¥111
¥77
¥-134
¥-101
NCAV/Share
—
¥671
¥615
¥565
¥565
Payout Ratio
0.0%
35.0%
26.7%
69.1%
98.7%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 8
Date Activist Stake Event Flag Demands Source
2026-05-12
SMBC Nikko Securities Inc.
5.04%
initial_5pct
Passive
—
2026-04-22
Mizuho Securities Co., Ltd.
6.72%
change
Passive
—
2025-10-07
Mizuho Securities Co., Ltd.
6.72%
+6.72%
initial_5pct
Passive
—
2025-07-07
Mizuho Securities Co., Ltd.
—
exit
Passive
—
2024-07-29
Mitsubishi UFJ Financial Group Inc.
5.69%
change
Passive
—
2024-06-21
Mizuho Securities Co., Ltd.
6.81%
initial_5pct
Passive
—
2024-06-11
jumonjichickencompany
6.86%
change
Passive
—
2023-09-14
JUMONJICHIKENCOMPANY
6.0%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 5
#
Shareholder
Shares (thou.)
% of Total
1
株式会社十文字チキンカンパニー
1,504
8.31%
2
TOYOTA TSUSHO CORPORATION
豊田通商株式会社
1,362
7.52%
3
東北グレーンターミナル株式会社
1,153
6.37%
4
カーギルジャパン合同会社
1,000
5.52%
5
株式会社みなと銀行
903
4.99%
6
MUFG Bank
株式会社三菱UFJ銀行
873
4.82%
7
Sumitomo Mitsui Banking Corporation
株式会社三井住友銀行
873
4.82%
8
兵庫県信用農業協同組合連合会
849
4.69%
9
Mitsui Sumitomo Insurance Company, Limited
三井住友海上火災保険株式会社
771
4.26%
10
佐藤産業株式会社
535
2.96%
Domestic Nominees
0.0%
+0.0% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
54.3%
+0.4% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
式会社十文字チキンカンパニー
6.29%
7.65%
8.31%
+0.66%
TOYOTA TSUSHO CORPORATION
豊田通商
7.52%
7.52%
7.52%
東北グレーンターミナル
6.37%
6.37%
6.37%
カーギルジャパン合同会社
5.52%
5.52%
5.52%
式会社みなと銀行
4.99%
4.99%
4.99%
MUFG Bank
三菱UFJ銀行
4.82%
4.82%
4.82%
Sumitomo Mitsui Banking Corporation
三井住友銀行
4.85%
4.82%
4.82%
兵庫県信用農業協同組合連合会
4.69%
4.69%
4.69%
Mitsui Sumitomo Insurance Company, Limited
三井住友海上火災保険
4.57%
4.57%
4.26%
-0.31%
佐藤産業
2.96%
2.96%
2.96%
Concentration (HHI)
ⓘ
290
309
317
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥520M
+32% since 2023
Holdings
5
+1 new
1 exited
Trend
1 building
vs 2023
Held Company
FY2025
¥520M total
FY2023
¥395M total
Book Val ¥M
Shares
Book Val ¥M
Shares
TOYOTA TSUSHO CORPORATION
豊田通商㈱
430
+200.0%
↑
172,779
323
57,593
M
s foods inc.
エスフーズ㈱
43
17,330
49
17,330
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
34
8,638
16
8,638
Sumitomo Mitsui Trust Group, Inc.
三井住友トラストグループ㈱
9
NEW
New
2,604
—
KANEMATSU CORPORATION
兼松㈱
4
1,800
2
1,800
M
三井住友トラスト・ホールディングス㈱
—
−100%
Exit
—
5
1,302
Portfolio total
520
395
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding