2871
NICHIREI CORPORATION
株式会社ニチレイ
Foods
Nichirei Corporation, through its subsidiaries, engages in the processed food, logistics, marine products, meat and poultry products, bioscience, and real estate businesses in Japan and internationally. The company engages in the manufacture, processing, and sale of frozen, retort packaged, and canned foods, as well as packaged ice and other products. It also manufactures and sells marine, meat, and poultry products, as well as processed products. In addition, the company offers logistics services, such as temperature-controlled storage, cargo handling, distribution processing, transportation and delivery, and 3PL. Further, it engages in the manufacture and sale of diagnostics and raw materials for cosmetics, as well as offers real estate management services. The company was formerly known as Nippon Reizo Co. Ltd. and changed its name to Nichirei Corporation in February 1985. Nichirei Corporation was incorporated in 1942 and is headquartered in Tokyo, Japan.
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Overview
Filings & Signals
Ownership
Financials
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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
¥716.1B
¥702.1B
¥680.1B
¥662.2B
¥602.7B
Cost of Sales
¥586.9B
¥575.9B
¥559.9B
¥553.3B
¥500.5B
Gross Profit
¥129.2B
¥126.2B
¥120.1B
¥108.9B
¥102.2B
SG&A
¥90.2B
¥87.9B
¥83.2B
¥75.9B
¥70.8B
Operating Income
¥39.0B
¥38.3B
¥36.9B
¥32.9B
¥31.4B
Non-Operating Income
¥3.3B
¥3.1B
¥2.8B
¥2.0B
¥1.4B
Dividend Income
—
¥1.1B
¥877M
¥867M
¥797M
Interest Income
—
¥627M
¥385M
¥201M
¥106M
Non-Operating Expenses
—
¥1.6B
¥1.4B
¥1.5B
¥1.2B
Interest Expense
—
¥1.2B
¥886M
¥787M
¥619M
Ordinary Income
¥40.1B
¥39.9B
¥38.3B
¥33.4B
¥31.7B
Pre-tax Income
¥41.5B
¥37.8B
¥37.2B
¥33.0B
¥35.1B
Income Taxes
¥12.7B
¥10.8B
¥11.3B
¥9.3B
¥10.8B
Current Tax
—
¥10.2B
¥11.7B
¥8.7B
¥10.2B
Deferred Tax
—
¥573M
¥-395M
¥653M
¥605M
Net Income (owners)
¥27.3B
¥24.7B
¥24.5B
¥21.6B
¥23.4B
Minority Interest
—
¥2.3B
¥1.4B
¥2.1B
¥886M
Comprehensive Income
—
¥30.5B
¥39.1B
¥27.7B
¥26.8B
EBITDA
¥61.1B
¥63.3B
¥61.7B
¥55.6B
¥52.8B
Goodwill Amort. (J-GAAP)
—
¥703M
¥602M
¥495M
¥277M
EPS
¥109.07
¥97.35
¥191.80
¥167.14
¥176.72
Shares Outstanding
—
125.3M
127.7M
127.7M
129.5M
Shares Issued (total)
—
128.5M
134.1M
134.0M
134.0M
Treasury Shares
—
3.2M
6.4M
6.4M
4.5M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥557.2B
¥499.2B
¥485.2B
¥457.3B
¥427.6B
Current Assets
¥230.1B
¥204.9B
¥201.4B
¥196.7B
¥180.3B
Cash & Deposits
¥52.1B
¥39.4B
¥31.3B
¥27.8B
¥23.4B
Trade Receivables
—
¥101.4B
¥105.8B
¥101.1B
¥90.7B
Non-Current Assets
¥327.1B
¥294.3B
¥283.7B
¥260.6B
¥247.3B
PP&E
¥243.4B
¥219.2B
¥207.1B
¥195.1B
¥181.1B
Goodwill
—
¥7.4B
¥6.9B
¥6.7B
¥6.7B
Intangible Assets
—
¥16.3B
¥15.8B
¥14.3B
¥14.8B
Investment Securities
¥46.9B
¥45.0B
¥46.9B
¥38.3B
¥38.1B
Deferred Tax Assets
—
¥2.9B
¥2.7B
¥2.7B
¥2.6B
Total Liabilities
¥252.8B
¥223.3B
¥219.2B
¥223.8B
¥209.7B
Current Liabilities
¥149.3B
¥129.1B
¥123.5B
¥130.1B
¥120.8B
ST Debt
¥22.0B
¥16.1B
¥17.4B
¥19.2B
¥28.3B
Taxes Payable
—
¥4.8B
¥7.5B
¥4.0B
¥4.8B
Non-Current Liabilities
¥103.5B
¥94.2B
¥95.7B
¥93.7B
¥88.9B
Total LT Borrowings
¥67.8B
¥63.7B
¥64.5B
¥64.9B
¥59.9B
Pension Obligations
—
¥2.2B
¥2.2B
¥2.1B
¥2.0B
Deferred Tax Liab.
—
¥8.6B
¥9.4B
¥6.1B
¥5.9B
Total Equity
¥304.4B
¥276.0B
¥265.9B
¥233.5B
¥217.9B
Capital Stock
—
¥30.6B
¥30.6B
¥30.5B
¥30.5B
Capital Surplus
—
¥5.6B
¥5.5B
¥5.5B
¥5.5B
Retained Earnings
¥218.6B
¥203.4B
¥203.8B
¥187.3B
¥172.4B
Treasury Stock
—
¥-11.7B
¥-16.9B
¥-16.8B
¥-11.8B
AOCI
—
¥32.2B
¥30.4B
¥18.0B
¥14.7B
Equity (owners)
¥243.1B
¥227.9B
¥223.0B
¥206.5B
¥196.5B
Minority Interests
—
¥15.9B
¥12.5B
¥9.1B
¥6.7B
Total Interest-Bearing Debt ⓘ
¥89.8B
¥79.7B
¥81.9B
¥84.1B
¥88.2B
Net Cash ⓘ
¥-37.7B
¥-40.4B
¥-50.6B
¥-56.2B
¥-64.8B
NCAV ⓘ
¥-22.7B
¥-18.3B
¥-17.8B
¥-27.1B
¥-29.4B
NCAV/Share
—
¥-146
¥-139
¥-212
¥-227
BV/Share
—
¥1,819
¥1,746
¥1,617
¥1,518
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥48.7B
¥53.2B
¥62.4B
¥37.9B
¥34.7B
Interest Paid
—
¥-1.1B
¥-884M
¥-755M
¥-630M
Interest Received
—
¥1.9B
¥1.4B
¥1.2B
¥1.1B
D&A
¥22.1B
¥24.3B
¥24.2B
¥22.2B
¥21.1B
Goodwill Amort.
—
¥703M
¥602M
¥495M
¥277M
Investing CF
¥-33.0B
¥-32.4B
¥-31.6B
¥-26.8B
¥-26.0B
CapEx
¥30.2B
¥28.3B
¥26.7B
¥23.8B
¥21.3B
Purchase Investments
—
¥-42M
¥-29M
¥-1.6B
¥-80M
Proceeds from Invest.
—
¥440M
¥315M
¥1.9B
¥5.6B
Financing CF
¥-3.2B
¥-16.8B
¥-31.3B
¥-8.6B
¥-14.2B
Dividends Paid
—
¥-9.9B
¥-8.0B
¥-6.6B
¥-7.1B
Share Buybacks
—
¥-10.0B
¥-10M
¥-5.0B
¥-10.0B
LT Debt Repaid
—
¥-10.8B
¥-3.6B
¥-15.4B
¥-4.8B
Free Cash Flow
¥18.5B
¥24.9B
¥35.7B
¥14.0B
¥13.4B
Net Change in Cash
—
¥6.2B
¥2.0B
¥4.4B
¥-4.7B
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
9.4%
9.6%
10.3%
9.9%
11.3%
ROA
5.2%
5.0%
5.2%
4.9%
5.5%
EPS
¥109.07
¥97.35
¥191.80
¥167.14
¥176.72
DPS
¥23.00
¥92.00
¥74.00
¥52.00
¥50.00
BPS
¥1,142.56
¥1,037.82
¥1,984.04
¥1,757.70
¥1,630.84
FCF/Share
—
¥198
¥280
¥110
¥103
NCAV/Share
—
¥-146
¥-139
¥-212
¥-227
Payout Ratio
21.1%
94.5%
38.6%
31.1%
28.3%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 23
Date Activist Stake Event Flag Demands Source
2026-04-22
Nippon Life Insurance Company
5.08%
-1.1%
change
Passive
—
2026-04-21
Nomura Securities Co.,Ltd.
7.47%
-1.1%
change
Passive
—
2026-03-19
Nomura Securities Co.,Ltd.
8.57%
+0.58%
change
Passive
—
2026-02-20
Sumitomo Mitsui DS Asset Management Company, Limited
4.1%
-0.97%
change
Passive
—
2026-02-19
Nomura Securities Co.,Ltd.
7.99%
+1.11%
change
Passive
—
2026-02-06
Mizuho Bank, Ltd.
2.51%
-2.69%
change
Passive
—
2026-02-02
Mitsubishi UFJ Financial Group Inc.
3.32%
-1.49%
change
Passive
—
2026-01-21
Sumitomo Mitsui Trust Bank,Limited
4.8%
-1.05%
change
Passive
—
2025-12-05
SMBC Nikko Securities Inc.
5.14%
-1.04%
change
Passive
—
2025-11-10
SMBC Nikko Securities Inc.
6.18%
change
Passive
—
2025-09-19
Sumitomo Mitsui Trust Bank,Limited
5.85%
+0.41%
change
Passive
—
2025-09-05
Mizuho Bank, Ltd.
5.2%
change
Passive
—
2025-08-22
Nippon Life Insurance Company
6.18%
+1.01%
change
Passive
—
2025-03-24
Sumitomo Mitsui DS Asset Management Company, Limited
5.07%
+1.1%
initial_5pct
Passive
—
2025-01-21
Sumitomo Mitsui Trust Bank,Limited
5.44%
change
Passive
—
2024-12-18
Nomura Securities Co.,Ltd.
6.88%
-1.26%
change
Passive
—
2024-09-20
Nomura Securities Co.,Ltd.
8.14%
-1.15%
change
Passive
—
2024-08-07
Nippon Life Insurance Company
5.17%
initial_5pct
Passive
—
2024-07-29
Mitsubishi UFJ Financial Group Inc.
4.81%
-0.98%
change
Passive
—
2024-02-07
Sumitomo Mitsui DS Asset Management Company, Limited
3.97%
-1.12%
change
Passive
—
2023-10-16
Mitsubishi UFJ Financial Group Inc.
5.79%
change
Passive
—
2023-10-04
Nomura Securities Co.,Ltd.
9.29%
change
Passive
—
2023-08-22
Sumitomo Mitsui DS Asset Management Company, Limited
5.09%
initial_5pct
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 16
#
Shareholder
Shares (thou.)
% of Total
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行株式会社(信託口)
23,135
18.47%
2
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託口)
13,472
10.75%
3
Nippon Life Insurance
日本生命保険相互会社
5,744
4.59%
4
Mizuho Bank
株式会社みずほ銀行
3,813
3.04%
5
NISSHIN SEIFUN GROUP INC.
株式会社日清製粉グループ本社
2,719
2.17%
6
Fukoku Mutual Life Insurance
富国生命保険相互会社
2,680
2.14%
7
農林中央金庫
2,675
2.14%
8
GOVERNMENT OF NORWAY
GOVERNMENT OF NORWAY (常任代理人 シティバンク)
1,970
1.57%
9
Sumitomo Life Insurance
住友生命保険相互会社
1,855
1.48%
10
MUFG Bank
株式会社三菱UFJ銀行
1,703
1.36%
Domestic Nominees
29.2%
-4.4% 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
18.5%
+0.7% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Japan Master Trust Bank
日本マスタートラスト信託銀行
20.14%
20.56%
18.47%
-2.09%
Japan Custody Bank
日本カストディ銀行
10.80%
13.10%
10.75%
-2.35%
Nippon Life Insurance
日本生命保険
4.50%
4.50%
4.59%
+0.09%
Mizuho Bank
みずほ銀行
2.99%
2.99%
3.04%
+0.05%
NISSHIN SEIFUN GROUP INC.
式会社日清製粉グループ本社
2.13%
2.13%
2.17%
+0.04%
Fukoku Mutual Life Insurance
富国生命保険相互会社
—
2.10%
2.14%
+0.04%
Norinchukin Bank
農林中央金庫
2.10%
2.09%
2.14%
+0.05%
GOVERNMENT OF NORWAY
1.48%
1.24%
1.57%
+0.33%
Sumitomo Life Insurance
住友生命保険
1.45%
1.45%
1.48%
+0.03%
MUFG Bank
式会社三菱UFJ銀行
2.00%
1.33%
1.36%
+0.03%
富国生命保険
last seen 2023
Exited Top 10
1.61%
—
—
Concentration (HHI)
ⓘ
571
642
507
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥27,412M
+35% since 2023
Holdings
16
Trend
3 building
vs 2023
Held Company
FY2025
¥27,412M total
FY2023
¥20,292M total
Book Val ¥M
Shares
Book Val ¥M
Shares
NISSHIN SEIFUN GROUP INC.
㈱日清製粉グループ本社
5,988
3,460,457
5,367
3,460,457
M
Fuyo General Lease Co., Ltd.
芙蓉総合リース㈱
4,822
416,600
3,749
416,600
M
Kewpie Corporation
キユーピー㈱
4,540
1,555,007
3,464
1,555,007
M
Mitsubishi Shokuhin Co., Ltd.
三菱食品㈱
3,433
700,000
2,275
700,000
㈱三菱UFJ フィナンシャル・グループ
1,862
926,160
785
926,160
SOMPO ホールディングス㈱
1,650
+200.0%
↑
365,055
639
121,685
THE KYOTO HOTEL, LTD.
㈱京都ホテル
1,423
2,008,178
1,429
2,008,178
㈱みずほ フィナンシャルグループ
793
195,756
367
195,756
The Chiba Bank, Ltd.
㈱千葉銀行
773
553,000
472
553,000
M
Imperial Hotel, Ltd.
㈱帝国ホテル
622
+100.0%
↑
696,048
667
348,024
M
Yasuda Logistics corporation
安田倉庫㈱
505
301,000
312
301,000
M
JINUSHI Co.,Ltd.
地主㈱
325
156,000
298
156,000
三井住友トラスト・ホールディングス㈱
296
+100.0%
↑
79,680
180
39,840
Toyo Seikan Group Holdings, Ltd.
東洋製罐グループホールディングス㈱
247
101,200
184
101,200
M
TODA CORPORATION
戸田建設㈱
133
151,000
104
151,000
M
SAPPORO HOLDINGS LIMITED
サッポロホールディングス㈱
—
—
Portfolio total
27,412
20,292
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding