Overview
Foods

NICHIREI CORPORATION

Nichirei Corporation is a Japanese holding company operating across five core segments: processed foods, marine products, meat products, temperature-controlled logistics, and real estate. Its processed foods division, led by Nichirei Foods, is one of Japan's leading manufacturers of frozen prepared foods including chicken/meat products, rice dishes, croquettes, and wellness foods. The cold-chain logistics division operates an extensive domestic network of refrigerated warehouses and transport services, complemented by international temperature-controlled logistics operations across Europe (Netherlands, Germany, France, UK, Poland) and Asia (China, Thailand, Malaysia, Vietnam).

Market Cap
¥543B
US$3.46B
EV
¥587B
US$3.74B
Stock¥2,166.5▲+1.50%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
9.7
x
LTM EV/EBIT
14.7
x
LTM PER
19.0
x
LTM PBR
1.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-2.0%pt
10012345
Oct 23, 25 – Oct 23, 26StockTOPIX
1May 29, 26Oasis Management Company Ltd. filed large shareholding report
2Jul 15, 26Confirmed cyberattack via unauthorized access, possible personal data leak disclosed
3Jul 17, 26Cyberattack-induced system outage: announced full recovery at all sites by next week (July 17)
4Jul 24, 26Oasis Management Company Ltd. changed stake (5.01%→6.07%)
5Aug 19, 26Oasis Management Company Ltd. changed stake (6.07%→7.27%)
MC → EV Bridge
543BUS$3.46BMarket Cap125BUS$794M+ Debt52.1BUS$332M− Cash46.9BUS$299M− Inv. Sec.18.1BUS$115M+ NCI587BUS$3.74BEV
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Generating insights…
Performance & Balance
Revenue 5Y (¥B)
603US$3.84B'22/3662US$4.22B'23/3680US$4.33B'24/3702US$4.47B'25/3716US$4.56B'26/3
EBITDA 5Y (¥B)
52.5US$334M'22/355.1US$351M'23/361.1US$389M'24/362.6US$399M'25/361.1US$389M'26/3
Net Income 5Y (¥B)
23.4US$149M'22/321.6US$137M'23/324.5US$156M'24/324.7US$157M'25/327.3US$174M'26/3
Capital Structure
70%
30%
EquityD/E 0.43xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
61.5US$392M105US$667M'22/366.1US$421M115US$730M'23/378.1US$498M98.0US$624M'24/384.4US$537M106US$677M'25/399.0US$630M125US$794M'26/3
Shareholders
Top 10 hold 44.0%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
17.23%
2
Custody Bank of Japan, Ltd. (Trust Account)
9.98%
3
Nippon Life Insurance Company
4.58%
4
NISSHIN SEIFUN GROUP INC.
2.17%
5
Fukoku Mutual Life Insurance Company
2.14%
6
Nomura Securities Co., Ltd.
2.03%
7
JPMorgan Securities Japan Co., Ltd.
1.55%
8
Sumitomo Life Insurance Company
1.48%
9
Goldman Sachs Japan Co., Ltd. BNYM
1.47%
10
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.42%
Management
16 officers
Kenya OKUSHI
Representative Director, Chairman
Apr 1988 Joined the Company Apr 2011 General Manager, Business Division, Nichirei Foods Inc. Apr 2013 General Manager, Corporate Planning Department Jun 2014 Executive Officer, General Manager, Corporate Planning Department Jun 2015 Director, Managing Executive Officer, Nichirei Foods Inc.; in charge of Brand Promotion, HR, General Affairs, Business Promotion, Overseas Procurement and International Business Divisions; General Manager, Corporate Planning Department Apr 2017 Representative Director, President, Nichirei Foods Inc. Jun 2017 Director, Executive Officer Apr 2018 Director, Executive Officer; in charge of Corporate Planning Department Apr 2019 Representative Director, President May 2020 Chairman, Japan Frozen Foods Association Jun 2025 Chairman, Japan Refrigerated Warehouse Association (current) Apr 2026 Representative Director, Chairman (current)
1965-01-15
Kazunori SHIMAMOTO
Representative Director, President, CEO
Apr 1996 Joined the Company Apr 2014 Shanghai Representative Office, Nichirei Logistics Group Headquarters Inc. Apr 2017 Head, Bangkok Representative Office, Nichirei Logistics Group Headquarters Inc. Apr 2020 General Manager, Sales Strategy Department, Nichirei Logistics Group Headquarters Inc. Apr 2021 Executive Officer, General Manager, Corporate Planning Department and Sales Strategy Department, Nichirei Logistics Group Headquarters Inc. Jun 2023 Director, Executive Officer, General Manager, Corporate Planning Department and Sales Strategy Department, Nichirei Logistics Group Headquarters Inc. Apr 2024 Representative Director, President, Nichirei Logistics Group Headquarters Inc. Jun 2024 Director, Senior Executive Officer Apr 2026 Representative Director, President, CEO (current)
1972-02-05
Masahiko TAKENAGA
Director, Senior Executive Officer, COO
Apr 1989 Joined the Company Apr 2013 General Manager, Brand Promotion Department, Nichirei Foods Inc. Apr 2015 Executive Officer, General Manager, Production Strategy Department and Production Management Department, Nichirei Foods Inc. Apr 2016 Executive Officer, General Manager, Consumer Products Division, Nichirei Foods Inc. Apr 2017 Managing Executive Officer, General Manager, Consumer Products Division, Nichirei Foods Inc. Jun 2018 Director, Managing Executive Officer, Nichirei Foods Inc. Apr 2019 Representative Director, President, Nichirei Foods Inc. Jun 2019 Director, Executive Officer (current as President, Nichirei Foods Inc.) Apr 2023 Director, Senior Executive Officer Apr 2026 Director, Senior Executive Officer, COO (current)
1964-09-16
Kenji SUZUKI
Director, Senior Executive Officer, CFO; General Manager, Corporate Management Division; in charge of Accounting, Treasury, Public Relations, IR, Internal Audit and Real Estate Business Departments
Apr 1991 Joined the Company Apr 2019 General Manager, Treasury Department Apr 2021 Executive Officer, General Manager, Management Administration Department and Treasury Department Feb 2022 Executive Officer, in charge of Accounting Department; General Manager, Management Administration Department and Treasury Department Jun 2022 Director, Executive Officer, General Manager, Corporate Management Division; in charge of Accounting, Management Administration and Real Estate Business Departments; General Manager, Treasury Department Apr 2024 Director, Senior Executive Officer, General Manager, Corporate Management Division; in charge of Accounting, Public Relations and IR, HR Development, Internal Audit, Quality Assurance and Real Estate Business Departments; General Manager, Treasury Department Apr 2025 Director, Senior Executive Officer, General Manager, Corporate Management Division; in charge of Accounting, Treasury, Public Relations and IR, HR Development, Legal, Internal Audit, Quality Assurance and Real Estate Business Departments Apr 2026 Director, Senior Executive Officer, CFO, General Manager, Corporate Management Division; in charge of Accounting, Treasury, Public Relations, IR, Internal Audit and Real Estate Business Departments (current)
1967-02-18
Yuichi TAKAKU
Director, Senior Executive Officer, CSO and CGO; General Manager, Strategy Division; in charge of Corporate Planning, Sustainability Strategy and New Value Creation Departments
Apr 1994 Joined the Company Apr 2012 Seconded to Nichirei Holding Holland B.V., Nichirei Logistics Group Headquarters Inc. Apr 2018 General Manager, Corporate Planning Department, Nichirei Logistics Group Headquarters Inc. Apr 2021 Executive Officer, in charge of Information Strategy Department; General Manager, Corporate Planning Department Apr 2023 Senior Executive Officer, in charge of Information Strategy and Sustainability Promotion Departments; General Manager, Corporate Planning Department Jun 2023 Director, Senior Executive Officer, in charge of Information Strategy and Sustainability Promotion Departments; General Manager, Corporate Planning Department Apr 2024 Director, Senior Executive Officer, General Manager, Strategy Division; in charge of Information Strategy, Sustainability Strategy and Diversity Promotion Departments; General Manager, Corporate Planning Department and New Value Creation Department Apr 2025 Director, Senior Executive Officer, General Manager, Strategy Division; in charge of Information Strategy, Sustainability Strategy, New Value Creation and Diversity Promotion Departments; General Manager, Corporate Planning Department Apr 2026 Director, Senior Executive Officer, CSO, CGO, General Manager, Strategy Division; in charge of Corporate Planning, Sustainability Strategy and New Value Creation Departments (current)
1970-07-18
Mana NABESHIMA
Outside Director
Aug 1991 Joined Citibank, N.A., Tokyo Branch Oct 2000 Joined Goldman Sachs Securities Co., Ltd. Jan 2015 Joined DBS Bank Ltd. Aug 2016 Representative Director, DBS Vickers Securities (Japan) Co., Ltd. Sep 2016 Japan Representative, DBS Bank Ltd. Jan 2020 Executive Officer, General Manager, Sales Division, HiJoJo Partners Inc. Jul 2020 Vice Chairman, Digital Grid Inc. Dec 2020 Representative Director, Wakiaiai Co., Ltd. (current) Jun 2021 Outside Director, the Company (current) Jun 2025 Outside Director, The Chiba Bank, Ltd. (current)
1966-07-04
Itsuo HAMA
Outside Director
Apr 1977 Joined Lion Yushi Co., Ltd. (now Lion Corporation) Mar 2008 Director, General Manager, Household Products Division, Lion Corporation Jan 2009 Director, General Manager, Household Products Division; in charge of Advertising, Consumer Research, Distribution Policy and Sales Development Departments, Lion Corporation Mar 2010 Managing Director, in charge of Healthcare, Household Products and Special Sales Divisions; in charge of Advertising, Consumer Research, Distribution Policy and Sales Development Departments, Lion Corporation Jan 2012 Representative Director, President, Executive Officer, Chief Operating Officer in charge of Risk Management, Lion Corporation Mar 2016 Representative Director, President, Executive Officer, Chairman of the Board, Chief Executive Officer, Lion Corporation Jan 2019 Representative Director, Chairman of the Board, Chief Executive Officer, Lion Corporation Mar 2022 Representative Director, Chairman of the Board, Lion Corporation Jun 2022 Outside Director, the Company (current) Mar 2023 Senior Advisor, Lion Corporation (current) Jun 2025 Outside Director, Nissan Chemical Corporation (current)
1954-03-14
Kenji HAMAJIMA
Outside Director
Apr 1982 Joined Ushio Inc. Apr 1999 President and CEO, Ushio America, Inc. Nov 2000 President and CEO, Christie Digital Systems, Inc. Apr 2004 Senior Group Executive Officer, Ushio Inc. Apr 2007 Group Managing Executive Officer, Ushio Inc. Jun 2010 Director, Senior Managing Executive Officer, Ushio Inc. Apr 2014 Representative Director, Executive Vice President, Ushio Inc. Oct 2014 Representative Director, President, Ushio Inc. Apr 2019 Senior Advisor, Ushio Inc. Apr 2020 Special Advisor, Ushio Inc. (current) Jun 2020 Outside Director, Inabata & Co., Ltd. Jun 2022 Outside Director, Audit and Supervisory Committee Member, Inabata & Co., Ltd. Jun 2022 Outside Director, the Company (current) Jun 2024 Outside Director, Takamatsu Construction Group Co., Ltd. (current)
1959-01-03
Yukiko YOSHIMARU
Outside Director
Apr 1982 Joined Oki Electric Industry Co., Ltd. Apr 1998 Director, Oki America Inc. and Head, New York Office, Oki Electric Industry Co., Ltd. Oct 2004 General Manager, Diversity Development Office, Nissan Motor Co., Ltd. Apr 2008 Joined NIFCO Inc. Jun 2011 Executive Officer, NIFCO Inc. Apr 2018 Outside Director, Sekisui House, Ltd. (current) Jun 2019 Outside Director, Mitsui Chemicals, Inc. Jun 2021 Outside Director, Daiwabo Holdings Co., Ltd. (current) Jun 2024 Outside Director, the Company (current)
1960-02-01
Hiromi YAMAGUCHI
Outside Director
Apr 1983 Joined the Ministry of Transport (now Ministry of Land, Infrastructure, Transport and Tourism) Apr 2001 Policy Division, Policy Bureau, Ministry of Land, Infrastructure, Transport and Tourism 2002 Director, International Passenger Transport Measures Office, FIFA World Cup Japan/Korea Aug 2005 Director, Freight and Distribution Facilities Division, Policy Bureau, Ministry of Land, Infrastructure, Transport and Tourism Jul 2006 Vice Governor, Okayama Prefecture Jul 2014 Deputy Commissioner, Japan Tourism Agency, Ministry of Land, Infrastructure, Transport and Tourism Oct 2015 Executive Advisor, Corporate Planning Division, Mitsui & Co., Ltd. Apr 2016 Executive Officer, Mitsui & Co., Ltd.; Representative Director, President, Mitsui & Co. Strategic Research Institute Ltd. Jul 2020 Executive Officer, Assistant to Chief Strategy Officer and Assistant to Chief Digital Information Officer, Mitsui & Co., Ltd. Apr 2023 Special Advisor, Mitsui & Co., Ltd. Jun 2024 Outside Director, Mitsui O.S.K. Lines, Ltd. (current) Jun 2024 Outside Director, the Company (current)
1961-03-31
Hiroyuki MORIAI
Director
Apr 1992 Joined the Company Apr 2015 General Manager, Business Development Department, Nichirei Logistics Group Headquarters Inc. Apr 2020 Executive Officer, Nichirei Logistics Group Headquarters Inc. Jun 2020 Senior Managing Executive Officer, Director, Logistics Business Division Head, Logistics Network Co., Ltd. Apr 2021 Representative Director, President, Logistics Network Co., Ltd. Jun 2023 Director, Executive Officer, Nichirei Logistics Group Headquarters Inc. Apr 2024 Director, Managing Executive Officer, Nichirei Logistics Group Headquarters Inc. Apr 2025 Director, Senior Managing Executive Officer, Nichirei Logistics Group Headquarters Inc.; Representative Director, Chairman, Logistics Network Co., Ltd. Jun 2025 Director, Chairman, Logistics Network Co., Ltd. Apr 2026 Representative Director, President, Nichirei Logistics Group Headquarters Inc. (current)
Tetsuro KATABUCHI
Full-time Audit and Supervisory Board Member
Apr 1987 Joined the Company Apr 2005 Group Leader, Legal Support Group, Legal Services Division, Nichirei Pro Serve Inc. Apr 2011 Manager, Business Management Support Department, Nichirei Pro Serve Inc. Apr 2013 General Manager, Legal Department Apr 2022 Corporate Management Division Jun 2022 Full-time Audit and Supervisory Board Member (current)
1964-05-13
Kenji YANAGISAWA
Full-time Audit and Supervisory Board Member
Apr 1986 Joined the Company Jul 1986 Trade Section 1, Overseas Department 1 Dec 1987 Seconded to Nichirei America, Inc. Nov 1996 Seconded to Ina Bakery Co., Ltd. Jan 2000 Manager, Corporate Planning Department Apr 2005 Seconded to Nichirei Holding Holland B.V. Apr 2014 General Manager and Group Leader, IR Group, Finance and IR Department Apr 2017 Executive Officer, General Manager, Management Department, Nichirei Fresh Co., Ltd. Jun 2021 Audit and Supervisory Board Member, Nichirei Fresh Co., Ltd. Jun 2025 Full-time Audit and Supervisory Board Member (current)
1963-06-06
Takehiko SAITO
Outside Audit and Supervisory Board Member
Apr 1983 Appointed Public Prosecutor Sep 2012 Director-General, Rehabilitation Bureau, Ministry of Justice Jul 2014 Chief Public Prosecutor, Kyoto District Public Prosecutors Office Apr 2015 Chief Public Prosecutor, Yokohama District Public Prosecutors Office Sep 2016 Superintending Prosecutor, Takamatsu High Public Prosecutors Office Mar 2017 Superintending Prosecutor, Hiroshima High Public Prosecutors Office Jan 2018 Retired from public service Mar 2018 Registered as Attorney-at-Law, Dojima Law Office (current) Jun 2019 Outside Audit and Supervisory Board Member, the Company (current)
1955-01-27
Takaaki KATO
Outside Audit and Supervisory Board Member
Apr 1980 Joined Fuji Bank, Ltd. (now Mizuho Bank, Ltd.) Mar 2005 General Manager, Hong Kong Branch, Mizuho Corporate Bank, Ltd. (now Mizuho Bank, Ltd.) Apr 2008 Executive Officer, Mizuho Securities Co., Ltd. Apr 2009 Managing Executive Officer, Mizuho Securities Co., Ltd. Apr 2011 Managing Executive Officer and Chairman, Mizuho Securities Asia Limited, Mizuho Securities Co., Ltd. Apr 2013 Managing Executive Officer, KYB Corporation (now Kayaba Corporation) Jun 2015 Director, Senior Managing Executive Officer, KYB Corporation Jun 2017 Representative Director, Executive Vice President, Executive Officer, KYB Corporation Jun 2023 Senior Advisor, KYB Corporation Jun 2024 Outside Audit and Supervisory Board Member, the Company (current) Jun 2024 Outside Director, Kanden Engineering Co., Ltd. (current)
1957-06-12
Hiromichi MATSUSHIMA
Outside Audit and Supervisory Board Member
Apr 1982 Joined the Ministry of Agriculture, Forestry and Fisheries May 1999 Counsellor, Permanent Mission of Japan to International Organizations in Geneva, Ministry of Foreign Affairs Oct 2003 Director, Dairy Products Division, Livestock Industry Bureau, Ministry of Agriculture, Forestry and Fisheries Jul 2005 Director, Special Products Promotion Division, Production Bureau, Ministry of Agriculture, Forestry and Fisheries Oct 2006 Director, General Affairs Division, Secretariat, Council for Agriculture, Forestry and Fisheries Technology, Ministry of Agriculture, Forestry and Fisheries Jul 2007 Director, Secretariat Division, Minister's Secretariat, Ministry of Agriculture, Forestry and Fisheries Jan 2010 Coordinator for Policy Research, Policy Research Institute, Ministry of Agriculture, Forestry and Fisheries Aug 2011 Councilor, Minister's Secretariat, Ministry of Agriculture, Forestry and Fisheries Apr 2013 Director-General, International Affairs Department, Minister's Secretariat, Ministry of Agriculture, Forestry and Fisheries; Senior Councilor, Cabinet Secretariat Jul 2014 Director-General, Production Bureau, Ministry of Agriculture, Forestry and Fisheries Aug 2015 Vice-Minister, Ministry of Agriculture, Forestry and Fisheries Jul 2019 Adviser, Ministry of Agriculture, Forestry and Fisheries Sep 2020 Ambassador Extraordinary and Plenipotentiary to the Republic of Slovenia Jun 2024 Outside Audit and Supervisory Board Member, the Company (current)
1958-01-20
Large Shareholding Reports
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2026-10-21
6.53%→6.54%
Nomura Asset Management Co., Ltd.
2026-10-06
6.52%→6.53%
Nomura Asset Management Co., Ltd.
2026-09-15
6.52%→6.52%
Nomura Asset Management Co., Ltd.
2026-09-14
6.50%→6.52%
Oasis Management Company Ltd.
2026-09-10
7.27%→8.38%
Nomura Asset Management Co., Ltd.
2026-09-04
6.43%→6.50%
Oasis Management Company Ltd.
2026-08-19
6.07%→7.27%
Oasis Management Company Ltd.
2026-07-24
5.01%→6.07%
Nomura Asset Management Co., Ltd.
2026-06-19
6.47%→6.47%
Oasis Management Company Ltd.
2026-05-29
5.01%
Nippon Life Insurance Company
2026-04-22
4.47%→4.47%
Annual report (as of 2026-03-31): 4.58%
Nomura Asset Management Co., Ltd.
2026-04-21
6.60%→6.47%
Nomura Asset Management Co., Ltd.
2026-03-19
6.62%→6.60%
Sumitomo Mitsui DS Asset Management Company, Limited
2026-02-20
4.65%→4.10%
Nomura Asset Management Co., Ltd.
2026-02-19
6.43%→6.62%
Asset Management One Co., Ltd.
2026-02-06
2.23%→2.05%
Mitsubishi UFJ Asset Management Co., Ltd.
2026-02-02
1.69%→1.61%
Amova Asset Management Co., Ltd.
2026-01-21
3.90%→2.96%
Sumitomo Mitsui DS Asset Management Company, Limited
2025-12-05
4.95%→4.65%
Sumitomo Mitsui DS Asset Management Company, Limited
2025-11-10
4.77%→4.95%
Amova Asset Management Co., Ltd.
2025-09-19
3.39%→3.90%
Mizuho Bank, Ltd.
2025-09-05
2.85%→2.97%
Nippon Life Insurance Company
2025-08-22
4.59%→4.47%
Annual report (as of 2026-03-31): 4.58%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-21
Large Shareholding Report
EDINET
2026-10-06
Large Shareholding Report
EDINET
2026-09-15
Large Shareholding Report
EDINET
2026-09-14
Large Shareholding Report
EDINET
2026-09-10
Large Shareholding Report
EDINET
2026-09-04
Large Shareholding Report
EDINET
2026-08-19
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TDnet
2026-08-07
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-07-24
Large Shareholding Report
EDINET
2026-06-19
Large Shareholding Report
EDINET
2026-06-16
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
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株主総会招集通知
EDINET
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中期経営計画
EDINET
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EDINET
2026-04-21
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2026-02-20
Large Shareholding Report
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Large Shareholding Report
EDINET
2026-02-06
Large Shareholding Report
TDnet
2026-02-03
Q3 Earnings Flash
FY ending Mar 2026
EDINET
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Large Shareholding Report
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Semi-Annual Securities Report
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2025-11-10
Large Shareholding Report
EDINET
2025-09-19
Large Shareholding Report
EDINET
2025-09-05
Large Shareholding Report
EDINET
2025-08-22
Large Shareholding Report
TDnet
2025-08-05
Q1 Earnings Flash
FY ending Mar 2026
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