From Ocean To Dining, Challenges For The Better Future.
NICHIMO CO., LTD. Q1 of FYE3/2026 Earnings Presentation August 8, 2025 8091Prime Market
NICHIMO CO., LTD.
Business environment
Inbound tourism demand grew, but higher prices continue to weigh on consumer spending.
Overseas situation increased in uncertainty due to the US trade policy and economic impact of military conflict in the Middle East.
Appetite for capital investment is solid, and labor shortages continue, prolonging the delivery time.
Situation by segment
Food: Sales and profits increased. Increase in sales of high-priced products such as crab due to inbound
tourism demand.
Marine: Sales and profits increased. Stable demand for purse seine fishing gear, etc. Solid sales of aquaculture cages and materials.
Machinery: Sales and profits increased. Increase in order intake, including facility updates at domestic ready-made and frozen food factories, due to growing inbound tourism demand.
Materials: Sales and profits increased. Solid sales of printing films and packaging materials, despite
some products struggling due to rising production costs.
Financial Highlights for Q1 of FYE3/2026
Net sales: ¥35,305mn, up 16.5% YoY (initial growth forecast
full-year 26.2%・Q2 54.3％)
Operating profit: ¥1,033mn, up 59.3% YoY (initial growth forecast full-year 31.3%・Q2 62.6％)
Food: Sales of high-price products such as crab grew due to inbound tourism demand. Machinery: Significant growth in sales due to ready-made food factory construction project and frozen food factory facility update.
for the US with yen depreciation effect.
Machinery: Profit increased due to higher order intake in Japan and delivery of Chinese food facility
Marine: Profit improved due to restriction of procurement costs of aquaculture feed raw materials.
Operating profit: ¥1,033mn
(+59.3%)
(Millions of yen) Q1 FYE3/2025 % of net sales
Net sales 30,297 100.0
Gross profit 2,877 9.5
Q1 FYE3/2026
35,305
3,387
% of net sales YoY change (%)
100.0 16.5
9.6 17.7
Q2 FYE3/2026
Initial forecast
65,000
-
Progress to Q2 forecast (%)
54.3
-
SG&A expenses 2,228 7.4
2,353
6.7 5.6 - -
Operating profit 648 2.1
Ordinary profit 804 2.7
1,033
1,174
2.9 59.3
3.3 45.9
1,650
1,750
62.6
67.1
Profit
attributable to owners of parent
632 2.1
846
2.4 33.9
1,250
67.7
Q1 of FYE3/2026 Results: Solid Start with Increase in Sales and Profit
Net sales: ¥35,305mn (+16.5%)
(Millions of yen) | Q1 FYE3/2025 | % of total | Q1 FYE3/2026 | % of total | YoY change | |
Total | Net sales | 30,297 | 100.0 | 35,305 | 100.0 | +5,008 |
Operating profit | 648 | - | 1,033 | - | +384 | |
Food | Net sales | 18,552 | 61.2 | 22,083 | 62.5 | +3,531 |
Operating profit | 423 | 40.9 | 433 | 30.1 | +9 | |
Marine | Net sales | 5,843 | 19.3 | 6,205 | 17.6 | +361 |
Operating profit | 260 | 25.1 | 333 | 23.2 | +73 | |
Machinery | Net sales | 2,936 | 9.7 | 3,925 | 11.1 | +989 |
Operating profit | 211 | 20.5 | 532 | 37.1 | +320 | |
Materials | Net sales | 2,279 | 7.5 | 2,419 | 6.9 | +139 |
Operating profit | 68 | 6.7 | 107 | 7.5 | +38 | |
Biotics | Net sales | 65 | 0.2 | 63 | 0.2 | (1) |
Operating profit | (5) | - | (7) | - | (1) | |
Distribution | Net sales | 594 | 2.0 | 582 | 1.6 | (11) |
Operating profit | 34 | 3.3 | 10 | 0.7 | (24) | |
Other* | Net sales | 27 | 0.1 | 26 | 0.1 | (0) |
Operating profit | 35 | 3.5 | 19 | 1.4 | (15) | |
Corporate expenses | (380) | - | (397) | - | (17) | |
* The "Other" segment includes businesses such as real estate leasing. The percentage of total of each segment's operating profit is calculated before deducting corporate expenses.
Q1 FYE3/2026 Segment Performance (vs. Q1 FYE3/2025)
All four core business segments achieved increase in sales and profits.
*Machinery is leading performance due to solid appetite for capital investment in Japan and overseas.
Assets Liabilities and net assets
(Millions of yen) | As of June 30, 2025 | YoY change |
Current assets | 60,892 | +4,391 |
Cash and deposits | 7,202 | +1,246 |
Notes and accounts receivable - trade and electronically recorded monetary claims -operating | 18,506 | +1,094 |
Merchandise and finished goods | 29,641 | +2,639 |
Non-current assets | 26,515 | +65 |
Property, plant and equipment | 10,530 | (63) |
Intangible assets | 624 | (23) |
Investments and other assets | 15,361 | +152 |
Total assets | 87,545 | +4,446 |
(Millions of yen) | As of June 30, 2025 | YoY change |
Current liabilities | 35,987 | +3,901 |
Notes and accounts payable - trade and electronically recorded obligations - operating | 14,021 | (70) |
Short-term debt 13,309 | +5,533 | |
Non-current liabilities | 20,950 | +166 |
Net assets | 30,608 | +378 |
Shareholders' equity | 25,692 | +401 |
Accumulated other comprehensive income | 4,897 | (23) |
Total liabilities and net assets | 87,545 | +4,446 |
NICHIMO CO., LTD.
5
Balance Sheet (Condensed): Secured Seafood in Q1 as Usual and Preparing for Sales Expansion
Despite the soaring market price of seafood, proactively built up inventory in anticipation of increase in demand for seafood for online shopping, hometown tax return gifts, and restaurants; inventory to be surely liquidated in the year-end shopping season (Q3).