2282
NH Foods Ltd.
日本ハム株式会社
Foods
NH Foods Ltd. engages in manufacturing and selling ham, sausage, processed food, meat, and dairy product in Japan and internationally. It operates through Processed Foods Business Division and the Fresh Meat Business Division. The Processed Foods Business division offers ham and sausages under the SCHAU ESSEN brand; and Chinese food meal kits under the Chuka Meisai brand; chilled pizza under the Ishigama Kobo brand; and other meat product under the Hokkaido Carl Ramon and Kamakura Ham Tomioka brands. This segment also provides dairy products, such as cheese and yogurt products. The Fresh Meats Business division is involved in the production and raising, slaughtering, processing, distribution, and sale of fresh meat product. The company also engages in the operation of a football club, baseball club, and ballpark. It also exports its products. The company was formerly known as Nippon Meat Packers Inc. and changed its name to NH Foods Ltd. in June 2014. NH Foods Ltd. was founded in 1942 and is headquartered in Osaka, Japan.
Price
¥6,106
Market Cap
¥605.0B
Ent. Value
—
Net Cash
est
—
Shares Out.
99.1M
P / E
26.3×
EV / EBIT
—
P / Book
2.71×
P / NCAV
N/M
Div. Yield
2.62%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | — | ¥1,370.6B | ¥1,303.4B | ¥1,259.8B | ¥1,174.4B |
| Cost of Sales | — | ¥1,150.2B | ¥1,099.8B | ¥1,082.8B | ¥974.4B |
| SG&A | — | ¥184.4B | ¥172.1B | ¥166.1B | ¥157.9B |
| Non-Operating Income | — | ¥3.7B | ¥3.2B | ¥3.4B | ¥2.2B |
| Non-Operating Expenses | — | ¥2.7B | ¥3.0B | ¥1.8B | ¥4.0B |
| Pre-tax Income | — | ¥37.2B | ¥40.6B | ¥22.2B | ¥51.4B |
| Net Income (owners) | — | ¥26.6B | ¥28.1B | ¥16.6B | ¥48.0B |
| Minority Interest | — | ¥1.2B | ¥1.4B | ¥-661M | ¥-402M |
| Comprehensive Income | — | ¥29.6B | ¥46.8B | ¥23.1B | ¥54.2B |
| EPS | ¥232.34 | ¥263.05 | ¥273.70 | ¥162.44 | ¥469.92 |
| Shares Outstanding | — | 99.1M | 102.9M | 102.9M | 102.9M |
| Shares Issued (total) | — | 99.1M | 103.0M | 103.0M | 103.0M |
| Treasury Shares | — | 0.0M | 0.0M | 0.0M | 0.0M |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | — | ¥949.3B | ¥958.2B | ¥937.2B | ¥909.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | — | ¥406.3B | ¥423.4B | ¥428.0B | ¥414.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | — | ¥71.6B | ¥65.5B | ¥65.0B | ¥85.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | — | ¥543.0B | ¥534.8B | ¥509.1B | ¥494.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | — | ¥375.0B | ¥375.2B | ¥364.4B | ¥345.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | — | ¥4.5B | ¥206M | ¥201M | ¥201M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥28.1B | ¥28.1B | ¥31.1B | ¥26.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | — | ¥412.2B | ¥419.0B | ¥434.4B | ¥419.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | — | ¥257.7B | ¥246.8B | ¥278.5B | ¥281.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | — | ¥154.5B | ¥172.2B | ¥155.8B | ¥137.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | ¥712M | ¥874M | ¥889M | ¥1.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | — | ¥537.1B | ¥539.2B | ¥502.8B | ¥489.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥71.0B | ¥71.1B | ¥71.1B | ¥71.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | — | ¥387.8B | ¥390.3B | ¥369.4B | ¥360.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-776M | ¥-1.4B | ¥-2.1B | ¥-2.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | — | ¥524.3B | ¥527.5B | ¥492.9B | ¥479.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥12.8B | ¥11.7B | ¥9.9B | ¥10.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | — | ¥71.6B | ¥65.5B | ¥65.0B | ¥85.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | — | ¥-5.9B | ¥4.4B | ¥-6.4B | ¥-5.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥-59 | ¥43 | ¥-62 | ¥-52 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥5,291 | ¥5,124 | ¥4,788 | ¥4,654 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | — | ¥77.4B | ¥86.6B | ¥11.3B | ¥33.4B |
| D&A | — | ¥41.7B | ¥39.7B | ¥38.4B | ¥36.5B |
| Investing CF | — | ¥-42.7B | ¥-39.2B | ¥-63.7B | ¥-22.8B |
| Financing CF | — | ¥-29.9B | ¥-53.2B | ¥28.4B | ¥-12.2B |
| Free Cash Flow | — | ¥77.4B | ¥86.6B | ¥11.3B | ¥33.4B |
| Net Change in Cash | — | ¥6.1B | ¥479M | ¥-20.4B | ¥1.5B |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | — | 4.9% | 5.4% | 3.4% | 9.8% |
| ROA | — | 2.8% | 3.0% | 1.8% | 5.3% |
| EPS | ¥232.34 | ¥263.05 | ¥273.70 | ¥162.44 | ¥469.92 |
| DPS | ¥160.00 | ¥135.00 | ¥119.00 | ¥110.00 | ¥102.00 |
| BPS | ¥2,253.56 | — | — | — | — |
| FCF/Share | — | ¥782 | ¥841 | ¥110 | ¥324 |
| NCAV/Share | — | ¥-59 | ¥43 | ¥-62 | ¥-52 |
| Payout Ratio | 68.9% | 51.3% | 43.5% | 67.7% | 21.7% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 10
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
|
20,594 | 20.78% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
8,264 | 8.34% |
| 3 |
STATE STREET BANK AND TRUSTCOMPANY
STATE STREET BANK AND TRUSTCOMPANY 505001(常任代理人株式会社みずほ銀行)
|
4,365 | 4.41% |
| 4 |
The Hyakujushi Bank,Ltd.
株式会社百十四銀行
|
3,708 | 3.74% |
| 5 |
Meiji Yasuda Life Insurance
明治安田生命保険相互会社
|
3,677 | 3.71% |
| 6 |
Nippon Life Insurance
日本生命保険相互会社
|
2,785 | 2.81% |
| 7 |
Norinchukin Bank
農林中央金庫
|
2,370 | 2.39% |
| 8 | 株式会社三菱UFJ銀行 | 1,653 | 1.67% |
| 9 | 共栄火災海上保険株式会社 | 1,613 | 1.63% |
| 10 | 株式会社三井住友銀行 | 1,395 | 1.41% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
29.1%
-0.2% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
4.4%
+0.3% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
17.4%
+1.6% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 50.9% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 18.75% | 20.23% | 20.78% +0.55% | |
| Japan Custody Bank 日本カストディ銀行 | 9.50% | 9.09% | 8.34% -0.75% | |
| State Street ↑ | — | 4.13% | 4.41% +0.28% | |
| The Hyakujushi Bank,Ltd. 式会社百十四銀行 | 3.60% | 3.60% | 3.74% +0.14% | |
| Meiji Yasuda Life Insurance 明治安田生命保険 | 3.57% | 3.57% | 3.71% +0.14% | |
| Nippon Life Insurance 日本生命保険 | 2.71% | 2.71% | 2.81% +0.10% | |
| Norinchukin Bank 農林中央金庫 | 2.88% | 2.30% | 2.39% +0.09% | |
| 三菱UFJ銀行 NEW ENTRY | — | — | — | 1.67% NEW |
| 共栄火災海上保険 NEW ENTRY | — | — | — | 1.63% NEW |
| 三井住友銀行 NEW ENTRY | 1.81% | — | 1.41% NEW | |
| JPモルガン証券 last seen 2024 | Exited Top 10 | — | 2.01% | — |
| MUFG Bank 式会社三菱UFJ銀行 last seen 2024 | Exited Top 10 | 2.14% | 1.61% | — |
| SSBTC CLIENT OMNIBUS ACCOUNT last seen 2023 | Exited Top 10 | 1.72% | — | — |
| STATE STREETBANK AND TRUSTCOMPANY last seen 2023 | Exited Top 10 | 2.11% | — | — |
| Concentration (HHI) ⓘ | 498 | 554 | 570 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥17,166M
+9% since 2023
Holdings
46
+5 new
21 exited
Trend
1 unwinding
vs 2023
| Held Company | FY2025 ¥17,166M total | FY2023 ¥15,817M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
| ㈱ FOOD LIFE COMPANIES | 2,471 |
555,200
|
1,910 | 555,200 | |
|
AEON Co.,Ltd.
イオン㈱
|
2,374 |
+0.2%
↑
633,183
|
1,622 | 631,945 | |
|
AXYZ Co., Ltd
㈱アクシーズ
|
1,462 |
500,000
|
1,480 | 500,000 | M |
|
Chubu Feed Co.
中部飼料㈱
|
1,272 |
945,000
|
987 | 945,000 | M |
|
TOMONY Holdings,Inc.
トモニホールディングス㈱
|
1,101 |
2,045,896
|
722 | 2,045,896 | |
| エイチ・ツー・オーリテイリング㈱ | 1,045 |
+245.0%
↑
462,330
|
200 | 134,004 | |
|
Sompo Holdings, Inc.
SOMPOホールディングス㈱
|
924 |
+200.0%
↑
204,459
|
358 | 68,153 | |
| ㈱セブン アイ・ホールディングス | 776 |
NEW
New
358,641
|
— | ||
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
589 |
NEW
New
292,970
|
— | ||
|
The Hyakujushi Bank,Ltd.
㈱百十四銀行
|
461 |
132,673
|
244 | 132,673 | M |
|
Takashimaya Company,Limited
㈱髙島屋
|
436 |
+100.0%
↑
360,000
|
348 | 180,000 | M |
|
ARCS COMPANY,LIMITED
㈱アークス
|
427 |
146,856
|
330 | 146,856 | |
|
OHSHO FOOD SERVICE CORP.
㈱王将フードサービス
|
421 |
+201.9%
↑
130,952
|
261 | 43,378 | |
| アクシアルリテイリング㈱ | 372 |
+300.0%
↑
385,116
|
330 | 96,279 | |
|
TRIAL Holdings, Inc.
㈱トライアルホールディングス
|
327 |
NEW
New
150,000
|
— | ||
|
United Super Markets Holdings Inc.
ユナイテッド・スーパーマーケット・ホールディングス㈱
|
294 |
NEW
New
356,532
|
— | ||
|
Isetan Mitsukoshi Holdings Ltd.
㈱三越伊勢丹ホールディングス
|
275 |
+5.4%
↑
128,457
|
181 | 121,832 | |
|
VALOR HOLDINGS CO.,LTD.
㈱バローホールディングス
|
265 |
110,880
|
214 | 110,880 | |
|
North Pacific Bank,Ltd.
㈱北洋銀行
|
259 |
500,000
|
139 | 500,000 | M |
|
ALBIS Co.,Ltd.
アルビス㈱
|
245 |
88,000
|
219 | 88,000 | M |
|
YAOKO CO., LTD.
㈱ヤオコー
|
202 |
22,000
|
152 | 22,000 | |
|
譬ェ蠑丈シ夂、セ繧√�カ縺阪ヵ繧」繝翫Φ繧キ繝」繝ォ繧ー繝ォ繝シ繝�
㈱めぶきフィナンシャルグループ
|
200 |
276,120
|
89 | 276,120 | |
|
Aeon Hokkaido Corporation
イオン北海道㈱
|
156 |
183,600
|
148 | 183,600 | |
|
Sumitomo Mitsui Trust Group, Inc.
三井住友トラストグループ㈱
|
152 |
NEW
New
40,760
|
— | ||
|
OOTOYA Holdings Co., Ltd.
㈱大戸屋ホールディングス
|
137 |
27,000
|
104 | 27,000 | |
|
OM2 Network Co., Ltd.
㈱オーエムツーネットワーク
|
131 |
89,700
|
107 | 89,700 | |
| ㈱Olympic グループ | 77 |
178,886
|
93 | 178,886 | M |
|
RETAIL PARTNERS CO., LTD.
㈱リテールパートナーズ
|
67 |
50,000
|
68 | 50,000 | |
| 第一生命ホールディングス㈱ | 47 |
10,300
|
25 | 10,300 | |
|
SRS HOLDINGS CO.,LTD.
SRSホールディングス㈱
|
35 |
30,000
|
28 | 30,000 | |
|
izumico.,ltd
㈱イズミ
|
30 |
9,384
|
30 | 9,384 | |
|
East Japan Railway Company
東日本旅客鉄道㈱
|
27 |
+200.0%
↑
9,000
|
22 | 3,000 | |
|
YAMANAKA CO.,LTD.
㈱ヤマナカ
|
26 |
46,300
|
32 | 46,300 | |
|
DAIICHI CO.,LTD.
㈱ダイイチ
|
23 |
16,800
|
13 | 16,800 | |
|
AEON KYUSHU CO., LTD.
イオン九州㈱
|
21 |
+8.9%
↑
8,548
|
18 | 7,847 | |
|
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
|
18 |
+200.0%
↑
4,659
|
8 | 1,553 | |
|
NICHIRYO BAKING CO.,LTD.
日糧製パン㈱
|
13 |
5,700
|
12 | 5,700 | |
|
Maruyoshi Center Inc.
㈱マルヨシセンター
|
8 |
-66.7%
↓
2,000
|
17 | 6,000 | |
| ㈱プレナス | — | — | |||
|
LIFE CORPORATION
㈱ライフコーポレーション
|
— | — | |||
| ㈱フジ・リテイリング | — | — | |||
|
DUSKIN CO.,LTD.
㈱ダスキン
|
— | — | |||
| ㈱マミーマート | — | — | |||
|
YAMAZAWA CO.,LTD.
㈱ヤマザワ
|
— | — | |||
|
OKUWA CO., LTD.
㈱オークワ
|
— | — | |||
|
OOMITSU CO., LTD.
㈱大光
|
— | — | |||
|
KANSAI FOOD MARKET LTD.
㈱関西フードマーケット
|
— |
−100%
Exit
—
|
473 | 315,419 | |
|
MOS FOOD SERVICES,INC.
㈱モスフードサービス
|
— |
−100%
Exit
—
|
905 | 301,282 | M |
|
HEIWADO CO.,LTD.
㈱平和堂
|
— |
−100%
Exit
—
|
360 | 176,903 | |
|
inageya co.,ltd.
㈱いなげや
|
— |
−100%
Exit
—
|
765 | 596,500 | |
|
HURXLEY CORPORATION
㈱ハークスレイ
|
— |
−100%
Exit
—
|
169 | 218,400 | M |
|
Imperial Hotel, Ltd.
㈱帝国ホテル
|
— |
−100%
Exit
—
|
38 | 20,000 | |
|
NittoBest Corporation
日東ベスト㈱
|
— |
−100%
Exit
—
|
37 | 50,000 | |
| LAY HONG BERHAD | — |
−100%
Exit
—
|
1,202 | 132,500,000 | |
|
Seven & i Holdings Co., Ltd.
㈱セブン&アイ・ホールディングス
|
— |
−100%
Exit
—
|
714 | 119,547 | |
| ㈱三菱UFJ フィナンシャル・グループ | — |
−100%
Exit
—
|
248 | 292,970 | |
| 三井住友トラスト・ホールディングス㈱ | — |
−100%
Exit
—
|
93 | 20,380 | |
|
DOUTOR NICHIRES Holdings.,Co Ltd.
㈱ドトール・日レスホールディングス
|
— |
−100%
Exit
—
|
68 | 35,740 | |
|
shinobu foods products co., ltd
シノブフーズ㈱
|
— |
−100%
Exit
—
|
50 | 71,874 | |
|
eco's co.,ltd
㈱エコス
|
— |
−100%
Exit
—
|
41 | 21,858 | |
|
Belc CO., LTD.
㈱ベルク
|
— |
−100%
Exit
—
|
37 | 6,600 | |
|
Hokuyuu Lucky Co.
北雄ラッキー㈱
|
— |
−100%
Exit
—
|
29 | 10,000 | M |
|
TENMAYA STORE CO.,LTD.
㈱天満屋ストア
|
— |
−100%
Exit
—
|
22 | 22,000 | |
|
HALOWS CO.,LTD.
㈱ハローズ
|
— |
−100%
Exit
—
|
19 | 6,000 | |
|
SUGI HOLDINGS CO.,LTD.
スギホールディングス㈱
|
— |
−100%
Exit
—
|
16 | 2,756 | |
|
SEIBU HOLDINGS INC.
㈱西武ホールディングス
|
— |
−100%
Exit
—
|
15 | 11,000 | |
|
Central Forest Group, Inc.
セントラルフォレストグループ㈱
|
— |
−100%
Exit
—
|
5 | 3,000 | |
| Portfolio total | 17,166 | 15,817 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding