2892
NIHON SHOKUHIN KAKO CO., LTD.
日本食品化工株式会社
Foods
Nihon Shokuhin Kako Co., Ltd. engages in the manufacture and sale of processed corn products and related secondary processed products in Japan. The company offers starch, modified, and pregelatinized starch; glucose, isomerized liquid sugar, starch syrup, maltose syrup, maltooligosaccharide, powdered maltooligosaccharide, isomaltooligosaccharide, glucooligosaccharides, nigerooligosaccharide, dietary fiber, and edible processed material. It also provides cyclodextrin, glucose, and maltose hydrate products; and by products, such as corn salad oil, corn steep liquor, gluten meal, and gluten feed. The company was incorporated in 1948 and is headquartered in Tokyo, Japan. Nihon Shokuhin Kako Co., Ltd. operates as a subsidiary of Mitsubishi Corporation.
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⚠ TSE Capital Mandate
P / Book
0.65×
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
¥63.0B
¥62.7B
¥66.7B
¥64.6B
¥50.6B
Cost of Sales
¥52.7B
¥52.7B
—
—
—
Gross Profit
¥10.3B
¥10.0B
¥10.5B
¥11.3B
¥8.6B
SG&A
¥9.0B
¥8.8B
¥8.0B
¥7.8B
¥7.1B
Operating Income
¥1.3B
¥1.2B
¥2.6B
¥3.5B
¥1.5B
Non-Operating Income
¥604M
¥978M
¥738M
¥477M
¥537M
Dividend Income
—
¥12M
¥471M
¥317M
¥318M
Interest Income
—
¥0M
¥0M
¥0M
¥0M
Non-Operating Expenses
—
¥264M
¥293M
¥676M
¥183M
Interest Expense
—
¥44M
¥19M
¥16M
¥22M
Ordinary Income
¥1.6B
¥1.9B
¥3.0B
¥3.3B
¥1.9B
Pre-tax Income
¥1.6B
¥1.9B
¥3.3B
¥3.7B
¥1.9B
Income Taxes
¥394M
¥400M
¥817M
¥1.1B
¥488M
Current Tax
—
¥322M
¥839M
¥1.2B
¥514M
Deferred Tax
—
¥77M
¥-22M
¥-123M
¥-25M
Net Income (owners)
¥1.2B
¥1.5B
¥2.4B
¥2.6B
¥1.4B
Comprehensive Income
—
¥1.3B
—
—
—
EBITDA
¥4.4B
¥4.0B
¥5.0B
¥5.8B
¥3.7B
EPS
¥238.55
¥310.56
¥494.98
¥529.79
¥278.55
Shares Outstanding
—
4.9M
6.4M
6.4M
6.4M
Shares Issued (total)
—
6.4M
6.4M
6.4M
6.4M
Treasury Shares
—
1.5M
—
—
—
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥50.7B
¥50.1B
¥46.4B
¥46.5B
¥39.7B
Current Assets
¥29.1B
¥28.0B
¥30.5B
¥31.2B
¥24.6B
Cash & Deposits
¥338M
¥241M
¥214M
¥411M
¥198M
Trade Receivables
—
¥13.2B
¥15.8B
¥16.2B
¥12.0B
Non-Current Assets
¥21.5B
¥22.1B
¥16.0B
¥15.3B
¥15.1B
PP&E
¥14.9B
¥15.4B
¥13.4B
¥12.5B
¥12.5B
Intangible Assets
—
¥342M
¥267M
¥286M
¥380M
Investment Securities
¥5.0B
¥4.9B
¥170M
¥183M
¥288M
Deferred Tax Assets
—
¥1.2B
¥1.6B
¥1.8B
¥1.5B
Total Liabilities
¥20.5B
¥21.7B
¥22.1B
¥23.8B
¥18.6B
Current Liabilities
¥16.0B
¥17.1B
¥17.7B
¥19.4B
¥14.1B
ST Debt
¥8.0B
¥10.7B
¥7.9B
¥10.9B
¥7.3B
Taxes Payable
—
¥21M
¥248M
¥952M
¥215M
Non-Current Liabilities
¥4.5B
¥4.6B
¥4.4B
¥4.4B
¥4.6B
Total LT Borrowings
—
—
—
¥100M
¥200M
Pension Obligations
—
¥4.3B
—
—
—
Total Equity
¥30.2B
¥28.4B
¥24.3B
¥22.7B
¥21.1B
Capital Stock
—
¥1.6B
¥1.6B
¥1.6B
¥1.6B
Capital Surplus
—
¥328M
¥327M
¥327M
¥327M
Retained Earnings
¥26.2B
¥27.7B
¥24.1B
¥23.0B
¥20.9B
Treasury Stock
—
¥-2.1B
¥-2.1B
¥-2.1B
¥-2.1B
AOCI
—
¥934M
¥454M
¥-120M
¥352M
Equity (owners)
¥27.7B
¥27.5B
¥23.9B
¥22.8B
¥20.7B
Total Interest-Bearing Debt ⓘ
¥8.0B
¥10.7B
¥7.9B
¥11.0B
¥7.5B
Net Cash ⓘ
¥-7.7B
¥-10.5B
¥-7.7B
¥-10.6B
¥-7.3B
NCAV ⓘ
¥8.6B
¥6.3B
¥8.4B
¥7.4B
¥5.9B
NCAV/Share
—
¥1,289
¥1,307
¥1,162
¥925
BV/Share
—
¥5,589
¥3,730
¥3,565
¥3,235
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥6.9B
¥3.7B
¥6.8B
¥-533M
¥292M
Taxes Paid
—
—
¥-1.5B
¥-515M
¥-888M
Interest Paid
—
¥-36M
¥-19M
¥-15M
¥-21M
Interest Received
—
¥455M
¥471M
¥317M
¥318M
D&A
¥3.1B
¥2.8B
¥2.4B
¥2.3B
¥2.2B
Investing CF
¥-3.1B
¥-5.8B
¥-2.5B
¥-2.2B
¥-2.4B
CapEx
¥2.6B
¥5.5B
¥3.0B
¥2.6B
¥2.6B
Purchase Investments
—
¥-2M
¥-2M
¥-2M
¥-2M
Proceeds from Invest.
—
¥34M
—
¥516M
¥0M
Financing CF
¥-3.7B
¥2.1B
¥-4.5B
¥3.0B
¥2.1B
Dividends Paid
—
¥-687M
¥-1.4B
¥-484M
¥-411M
Share Buybacks
—
—
¥0M
¥0M
¥0M
LT Debt Repaid
—
¥-100M
¥-100M
—
¥-2.4B
Free Cash Flow
¥4.3B
¥-1.8B
¥3.8B
¥-3.1B
¥-2.3B
Net Change in Cash
—
¥27M
¥-196M
¥212M
¥21M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
4.0%
5.4%
10.4%
11.9%
6.7%
ROA
2.3%
3.2%
5.2%
6.0%
3.5%
EPS
¥238.55
¥310.56
¥494.98
¥529.79
¥278.55
DPS
¥70.00
¥95.00
¥200.00
¥180.00
¥100.00
BPS
¥6,235.72
¥5,779.32
¥4,946.77
¥4,614.86
¥4,281.15
FCF/Share
—
¥-372
¥594
¥-484
¥-359
NCAV/Share
—
¥1,289
¥1,307
¥1,162
¥925
Payout Ratio
29.3%
30.6%
40.4%
34.0%
35.9%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 1
Date Activist Stake Event Flag Demands Source
2024-10-25
Mitsubishi Corporation
45.98%
change
Passive
—
Capital Allocation Signals 1
Date
Type
Amount
Summary
2026-05-27
12:30
Div Increase
¥364M ¥75.0/sh
+36%
Nippon Shokuhin KAKO (2892) announced a final dividend of ¥75 per share for FY2026 (ended March 31, 2026), representing …
Summary
Nippon Shokuhin KAKO (2892) announced a final dividend of ¥75 per share for FY2026 (ended March 31, 2026), representing a 36% increase from the prior year's ¥55 DPS, with total payout of ¥364 million. The company has adopted DOE (Return on Equity) as a new capital allocation metric, targeting minimum 2.5% DOE during the medium-term plan period. This reflects management's commitment to cost-of-capital awareness and strengthened shareholder returns.
Deadline: 2026-06-26
YoY: +36%
Source (JP)
当社は、資本コストを意識した経営の実現と安定的な配当を維持し、利益還元の更なる強化を図るため、DOE(株主資本配当率)を新たな株主還元指標として導入し、中経2027期間中はDOE2.5%以上の配当を基本方針としております。
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 3
#
Shareholder
Shares (thou.)
% of Total
1
三菱商事株式会社
2,942
59.83%
2
三和澱粉工業株式会社
200
4.07%
3
堀内運輸株式会社
102
2.07%
4
小林 利香
81
1.65%
5
三菱UFJモルガン・スタンレー証券株式会社
67
1.36%
6
野村證券株式会社
47
0.96%
7
渡井 勲
35
0.72%
8
日本食品化工従業員持株会
30
0.61%
9
楽天証券株式会社
26
0.55%
10
松井証券株式会社
26
0.53%
Domestic Nominees
0.0%
+0.0% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
-0.8% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
72.3%
+0.5% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
三菱商事
59.83%
59.83%
59.83%
三和澱粉工業
4.07%
4.07%
4.07%
堀内運輸
2.07%
2.07%
2.07%
小林 利香
—
1.65%
1.65%
Morgan Stanley
—
1.41%
1.36%
-0.05%
野村證券
↑
—
0.57%
0.96%
+0.39%
渡井 勲
NEW ENTRY
0.32%
—
0.72%
NEW
日本食品化工従業員持株会
0.51%
0.55%
0.61%
+0.06%
楽天証券
NEW ENTRY
—
—
—
0.55%
NEW
松井証券
NEW ENTRY
—
—
—
0.53%
NEW
UBS
last seen 2024
Exited Top 10
—
1.02%
—
BNY Mellon
last seen 2024
Exited Top 10
1.31%
0.84%
—
JPモルガン証券
last seen 2024
Exited Top 10
—
0.65%
—
木下 勝弘
last seen 2023
Exited Top 10
0.41%
—
—
堀内 篤
last seen 2023
Exited Top 10
1.65%
—
—
BNP PARIBAS NEW YORK BRANCH - PRIME BROKERAGE SEGREGATION ACCOUNT
last seen 2023
Exited Top 10
0.68%
—
—
Concentration (HHI)
ⓘ
3606
3608
3607
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥75M
-48% since 2023
Holdings
3
1 exited
Trend
1 building
vs 2023
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding