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Nichirei (2871) investor relations material
Nichirei Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for the six months ended September 30, 2025, were ¥347,708 million, nearly flat year-over-year, with Processed Foods and Temperature-controlled Logistics growing but overall Group sales flat due to structural reforms in Marine, Meat, and Poultry segments.
Operating profit declined by ¥1.4 billion to ¥18,307 million, mainly from weaker Processed Foods performance.
Profit attributable to owners of parent rose to ¥14,149 million, up ¥1.3 billion (10%) year-over-year, aided by the sale of an investment security.
Comprehensive income decreased to ¥13,521 million, down 19.2% year-over-year.
Segment reorganization consolidated reporting to Foods, Logistics, and Real Estate from FY 2025.
Financial highlights
Gross profit for the period was ¥63,766 million, up slightly from ¥63,323 million year-over-year.
Ordinary profit was ¥18,770 million, down from ¥20,641 million year-over-year.
EPS for the period was ¥56.47, reflecting a 2-for-1 share split.
Total assets increased to ¥515,768 million as of September 30, 2025.
Equity ratio stood at 51.7% as of September 30, 2025.
Outlook and guidance
Full-year forecast for FY ending March 31, 2026: net sales ¥700,000 million, operating profit ¥39,500 million, ordinary profit ¥40,300 million, profit attributable to owners of parent ¥28,000 million, and EPS ¥111.74.
Dividend forecast for FY ending March 31, 2026, is ¥47.00 per share, marking the 10th consecutive year of increases.
Processed Foods operating profit expected to recover in the second half, but full-year forecast revised down by ¥4.6 billion.
Temperature-controlled Logistics to drive group performance with 8% sales and 26% operating profit growth forecast.
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