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Nichirei Corporation
(2871)
Nichirei Corporation (2871) vs. iShares MSCI Japan ETF (EWJ)
Nichirei Corporation Business Overview & Revenue Model
Nichirei Corporation Financial Statement Overview
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 701.69B | 702.08B | 680.09B | 662.20B | 602.70B | 572.76B |
| Gross Profit | 126.73B | 126.23B | 120.15B | 108.87B | 102.25B | 98.80B |
| EBITDA | 61.22B | 63.30B | 61.73B | 55.63B | 52.78B | 52.87B |
| Net Income | 23.93B | 24.73B | 24.50B | 21.57B | 23.38B | 21.21B |
Balance Sheet | ||||||
| Total Assets | 502.60B | 504.46B | 489.72B | 461.36B | 431.77B | 410.17B |
| Cash, Cash Equivalents and Short-Term Investments | 39.17B | 39.37B | 31.28B | 27.84B | 23.41B | 28.93B |
| Total Debt | 111.75B | 106.25B | 97.95B | 114.58B | 104.71B | 96.42B |
| Total Liabilities | 230.01B | 228.49B | 223.77B | 227.84B | 213.87B | 199.73B |
| Stockholders Equity | 256.85B | 260.04B | 253.41B | 224.44B | 211.17B | 203.33B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 24.87B | 35.72B | 14.04B | 13.37B | 16.92B |
| Operating Cash Flow | 0.00 | 53.19B | 62.44B | 37.87B | 34.66B | 45.45B |
| Investing Cash Flow | 0.00 | -32.40B | -31.41B | -26.84B | -26.02B | -32.21B |
| Financing Cash Flow | 0.00 | -16.80B | -31.43B | -8.59B | -14.18B | -10.71B |
Nichirei Corporation Technical Analysis
Nichirei Corporation Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥651.91B | 15.92 | 9.18% | 1.13% | 3.53% | 4.88% | |
73 Outperform | ¥412.86B | 10.77 | 10.18% | 2.56% | 3.87% | 29.64% | |
72 Outperform | ¥486.58B | 15.17 | 9.86% | 2.58% | 1.08% | 2.71% | |
66 Neutral | ¥842.64B | 12.71 | 9.77% | 2.41% | 1.46% | -2.17% | |
63 Neutral | ¥660.31B | 15.19 | 6.04% | 2.04% | 5.55% | 27.03% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | ¥4.06T | 20.92 | 9.46% | 1.32% | 1.99% | -18.79% |
Nichirei Corporation Corporate Events
Nichirei Corporation has approved a substantial capital increase at its European sub-subsidiary Nichirei Holding Holland B.V., lifting its capital from EUR 11.35 million to EUR 46.35 million and thereby classifying it as a specified subsidiary. The funds, provided through Nichirei Logistics Group Inc., will support construction of new refrigerated warehouses and expansion of existing facilities across Europe to bolster market share and high value-added logistics services.
The move underscores Nichirei’s commitment to expanding its temperature-controlled logistics footprint in Europe, leveraging NHH as a core holding company for cold storage and transportation operations. While the company expects the impact on results for the fiscal year ending March 31, 2026 to be immaterial, the investment signals a longer-term strategy to strengthen its competitive position in the European cold-chain market and enhance service capabilities for customers in the region.
The most recent analyst rating on (JP:2871) stock is a Buy with a Yen2259.00 price target. To see the full list of analyst forecasts on Nichirei Corporation stock, see the JP:2871 Stock Forecast page.
Nichirei Corporation has announced a leadership transition effective April 1, 2026, with current President and CEO Kenya Okushi becoming Representative Director and Chairman, and Senior Executive Officer Kazunori Shimamoto stepping up as Representative Director, President and CEO. The company says the move is aimed at strengthening its management structure to support post-integration growth in its foods business and maximize group synergies.
Additional senior management reshuffles are planned around the June 2026 shareholders’ meeting, including the retirement of Director and Senior Executive Officer Wataru Tanabe and Audit & Supervisory Board Member Tetsuro Katabuchi. New roles will be assigned to several executives, notably Hiroyuki Moriai becoming Director, Senior Executive Officer and COO after taking the helm of Nichirei Logistics Group Inc., alongside adjustments in CFO, CSO, CISO, HR, and legal responsibilities to reinforce governance, strategy, and operational oversight.
The most recent analyst rating on (JP:2871) stock is a Buy with a Yen2285.00 price target. To see the full list of analyst forecasts on Nichirei Corporation stock, see the JP:2871 Stock Forecast page.
Nichirei Corporation reported that for the third quarter of FY26/3, performance is broadly in line with its revised full-year plan, with solid net sales growth in its processed foods and temperature-controlled logistics segments offset by flat overall group sales due to structural reforms in its marine, meat and poultry products business. Operating profit returned to growth in the third quarter alone, though cumulative operating profit for the first three quarters declined by ¥1.2 billion year on year; nonetheless, the company left its full-year guidance unchanged, projecting net sales of ¥700 billion, a ¥1.2 billion increase in operating profit to ¥39.5 billion, and record net income of ¥28 billion supported by gains from the sale of an investment security, underscoring confidence in earnings resilience despite ongoing portfolio restructuring.
The most recent analyst rating on (JP:2871) stock is a Hold with a Yen1700.00 price target. To see the full list of analyst forecasts on Nichirei Corporation stock, see the JP:2871 Stock Forecast page.
Nichirei Corporation has resolved to change its fiscal year-end from March 31 to December 31, subject to shareholder approval of amendments to its Articles of Incorporation at the June 2026 annual general meeting. The shift, which will create a nine-month transitional 109th fiscal period from April 1 to December 31, 2026 and align non-December year-end subsidiaries, is aimed at strengthening the group’s global management base and improving transparency through more timely, unified disclosure of management information; detailed earnings forecasts for the shortened fiscal period and the final form of the article amendments will be announced later in 2026.
The most recent analyst rating on (JP:2871) stock is a Hold with a Yen1700.00 price target. To see the full list of analyst forecasts on Nichirei Corporation stock, see the JP:2871 Stock Forecast page.
Nichirei Corporation has approved a substantial capital increase for Nichirei Global Foods, LLC, a new Delaware-based frozen food development and production subsidiary that will be wholly owned via its North American unit InnovAsian Cuisine Enterprises Inc. The capital will be raised in stages from March to September 2026, ultimately lifting the subsidiary’s capital to about USD 105.7 million and making it a specified subsidiary, with a production facility planned in Jonesboro, Arkansas. The move is part of Nichirei’s broader strategy to build a robust U.S. supply chain base, enhance product development capabilities, and accelerate brand penetration in the rapidly expanding U.S. Asian food market, while the company expects the financial impact on consolidated results to be immaterial in the near term.
The most recent analyst rating on (JP:2871) stock is a Hold with a Yen1700.00 price target. To see the full list of analyst forecasts on Nichirei Corporation stock, see the JP:2871 Stock Forecast page.
Nichirei reported consolidated net sales of ¥537.7 billion for the nine months ended December 31, 2025, slightly up year on year, while operating and ordinary profits dipped modestly to ¥30.5 billion and ¥31.4 billion, respectively, but profit attributable to owners of parent rose to ¥21.9 billion, lifting earnings per share to ¥87.23 after a 2-for-1 share split. Total assets and shareholders’ equity increased, the equity ratio remained near 50%, and the company maintained its full-year forecast of ¥700 billion in net sales and ¥28 billion in profit attributable to owners, alongside a planned annual dividend of ¥47 per share for FY2026. In conjunction with its new medium-term plan “Compass×Growth 2027” under the long-term strategy “N-FIT 2035,” Nichirei shifted from declining balance to straight-line depreciation and reviewed useful lives for property, plant and equipment across the group, particularly in its food and temperature-controlled logistics businesses, a change that boosted nine-month operating profit by ¥2.8 billion and is intended to better reflect long-term, stable asset use and improve capital efficiency.
The most recent analyst rating on (JP:2871) stock is a Hold with a Yen1700.00 price target. To see the full list of analyst forecasts on Nichirei Corporation stock, see the JP:2871 Stock Forecast page.
Nichirei Corporation has set the terms for a secondary offering of its common stock, approving a selling price of 1,791 yen per share, with the aggregate selling amount totaling approximately 29.96 billion yen and an underwriters’ purchase amount of about 28.72 billion yen, with share delivery scheduled for January 26, 2026. In addition, the company will conduct an over-allotment secondary offering of 2,508,900 shares at the same selling price, raising a further 4.49 billion yen equivalent, a move that is expected to enhance liquidity in its shares and support capital market access without constituting a new primary issuance of stock.
The most recent analyst rating on (JP:2871) stock is a Buy with a Yen1988.00 price target. To see the full list of analyst forecasts on Nichirei Corporation stock, see the JP:2871 Stock Forecast page.
Nichirei Corporation has approved the introduction of a new shareholder benefits program aimed at enhancing shareholder returns and promoting medium- to long-term shareholding. The scheme, effective for shareholders of record as of March 31, 2026, will grant eligible investors—those holding 500 shares or more—annual assortments of Nichirei Group products, with benefit levels tied both to the number of shares held and the length of continuous ownership, offering higher product value to shareholders who hold their shares for three years or longer. By rewarding loyalty and encouraging a deeper understanding of its business through direct exposure to its products, Nichirei aims to increase the attractiveness of its stock and support the growth of its enterprise value, which may strengthen its investor base and reinforce its market positioning in the Japanese food sector.
The most recent analyst rating on (JP:2871) stock is a Buy with a Yen1997.00 price target. To see the full list of analyst forecasts on Nichirei Corporation stock, see the JP:2871 Stock Forecast page.
Nichirei Corporation has approved a secondary offering of 16,726,400 existing shares of its common stock, to be sold by a group of major financial institutions and corporate shareholders including Mizuho Bank, MUFG Bank, The Norinchukin Bank, and several insurers and logistics-related firms. The shares will be purchased and underwritten by securities underwriters, with the final selling price to be set between 90% and 100% of the prevailing market price on a pricing date scheduled between January 19 and 21, 2026, and settlement occurring five business days later.
In addition to the main block of shares, up to 2,508,900 additional shares may be offered through an over-allotment option, allowing the designated underwriter to borrow shares from an existing shareholder to meet excess demand, with the option size and execution dependent on market appetite. As this is a secondary sale by existing shareholders rather than a new issuance, the transaction does not dilute Nichirei’s share capital but may increase the stock’s free float and liquidity, potentially broadening the investor base while enabling key financial stakeholders to reduce or rebalance their holdings.
The most recent analyst rating on (JP:2871) stock is a Buy with a Yen1997.00 price target. To see the full list of analyst forecasts on Nichirei Corporation stock, see the JP:2871 Stock Forecast page.