Overview
Foods

NICHIWA SANGYO CO.,LTD.

Nichiwa Sangyo is primarily engaged in the manufacture and sale of compound feed for livestock and aquaculture, including poultry, swine, cattle, and fish, using grains as the main raw material. The company also conducts livestock production and sales through its consolidated subsidiary, Towa Chikusan Co., Ltd., which raises and sells broiler chickens and pigs. The group emphasizes food safety and security as a core mission within Japan's feed industry.

Market Cap
¥6.03B
US$38.4M
EV
¥-1.85B
-US$11.8M
Stock¥333▲+0.91%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
13.0
x
LTM PBR
0.3
x
2026-08-25 closing price basis: ranked #67 in beluuga.ai's "Japanese listed companies with negative Enterprise Value" ranking (simplified EV ≈ ¥-17B).
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-22.5%pt
1001
Oct 23, 25 – Oct 23, 26StockTOPIX
1Mar 4, 26Market-wide: Following TOPIX -3.7% decline
MC → EV Bridge
6.03BUS$38.4MMarket Cap4.11BUS$26.2M+ Debt10.1BUS$64.2M− Cash1.91BUS$12.1M− Inv. Sec.-1.85B-US$11.8MEV
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Performance & Balance
Revenue 5Y (¥B)
44.9US$286M'22/354.7US$348M'23/352.9US$337M'24/348.6US$309M'25/345.6US$290M'26/3
EBITDA 5Y (¥B)
0.72US$4.58M'22/30.42US$2.66M'23/31.47US$9.38M'24/31.49US$9.51M'25/31.97US$12.5M'26/3
Net Income 5Y (¥B)
0.12US$0.74M'22/30.16US$1.00M'23/30.54US$3.44M'24/30.31US$1.97M'25/30.38US$2.41M'26/3
Capital Structure
82%
EquityD/E 0.21xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
8.21US$52.3M4.27US$27.2M'22/35.83US$37.1M4.27US$27.2M'23/38.06US$51.3M3.97US$25.3M'24/39.97US$63.5M3.97US$25.3M'25/311.3US$71.9M4.36US$27.8M'26/3
Shareholders
Top 10 hold 55.0%
1
Jumonji Chicken Company Ltd.
8.70%
2
TOYOTA TSUSHO CORPORATION
7.52%
3
Tohoku Grain Terminal Co., Ltd.
6.37%
4
Cargill Japan LLC
5.52%
5
The Minato Bank, Ltd.
4.99%
6
MUFG Bank, Ltd.
4.82%
7
Sumitomo Mitsui Banking Corporation
4.82%
8
Hyogo Prefectural Credit Federation of Agricultural Cooperatives
4.69%
9
Japan Securities Finance Co.,Ltd.
4.24%
10
Seigo NAITO
3.32%
Management
8 officers
Taichiro NAKAHASHI
Representative Director, President
Apr 2007 Joined the Company May 2008 Executive Officer, General Manager of Administration Division Jun 2011 Director, General Manager of Administration Division Jun 2017 Senior Managing Director, General Manager of Administration Division Jun 2018 Senior Managing Director, General Manager of Sales Division Jun 2024 Representative Director, President (current)
1979-01-06
Masatoshi NAKAHASHI
Director, Senior Adviser
Jun 1973 Joined the Company Aug 1985 Director, General Manager of General Affairs Department Jun 1993 Managing Director, General Manager of General Affairs Department Jun 1997 Senior Managing Director Jun 1999 Representative Director, President Jun 2017 Representative Director, Chairman Jun 2024 Director, Senior Adviser (current)
1945-12-06
Yukihisa MATSUMOTO
Director, Mihara Plant Manager
Apr 1975 Joined the Company Mar 2009 Executive Officer, Mihara Plant Manager Jun 2013 Director, Mihara Plant Manager (current)
1952-08-01
Hideo YASUI
Director, General Manager of Administration Division and General Affairs Department Manager
Apr 1978 Joined the Company Jun 2011 Executive Officer, Deputy General Manager of Administration Division Jun 2018 Director, General Manager of Administration Division and General Affairs Department Manager (current)
1956-03-14
Satoshi TOMOKUMOHINO
Director, Kagoshima Plant Manager
Apr 1984 Joined the Company May 2017 Deputy Plant Manager, Kagoshima Plant Apr 2019 Executive Officer, Deputy Plant Manager, Kagoshima Plant Jun 2023 Director, Kagoshima Plant Manager (current)
1961-11-17
Tsuneo WAKIMURA
Director, Audit and Supervisory Committee Member
Jul 1983 Joined the Company Jun 2001 Director, General Manager of General Affairs Department Jun 2006 Director, General Manager of Administration Division and General Affairs Department Manager May 2008 Director Jun 2008 Audit & Supervisory Board Member Jun 2009 Standing Audit & Supervisory Board Member Jun 2025 Director, Audit and Supervisory Committee Member (current)
1952-10-30
Shiro KAWASAKI
Director, Audit and Supervisory Committee Member
Apr 1976 Joined The Sanwa Bank, Ltd. (currently MUFG Bank, Ltd.) Oct 2003 Joined UFJ Bank Limited (currently MUFG Bank, Ltd.), Manager, Kawaramachi Branch Jan 2006 Head, Kawaramachi Branch Office, The Bank of Tokyo-Mitsubishi UFJ, Ltd. (currently MUFG Bank, Ltd.) May 2006 Joined Shin Nihon & Co. (currently EY ShinNihon LLC) Oct 2008 Principal, Ernst & Young ShinNihon LLC (currently EY ShinNihon LLC) Jul 2010 Senior Principal, Ernst & Young ShinNihon LLC (currently EY ShinNihon LLC) Jun 2016 Managing Director, Ernst & Young ShinNihon LLC (currently EY ShinNihon LLC) Jun 2017 Director of the Company Jun 2025 Director, Audit and Supervisory Committee Member of the Company (current)
1953-12-29
Kenji YOSHIDA
Director, Audit and Supervisory Committee Member
Oct 1998 Joined Deloitte Tohmatsu LLC, Osaka Office (currently Deloitte Touche Tohmatsu LLC) May 2002 Registered as Certified Public Accountant Mar 2004 Joined Taenaka CPA Office Aug 2006 Joined Index Digital Inc. (currently Synergy Marketing Inc.) Jul 2012 Head, Yoshida CPA Office (current) Jun 2017 Audit & Supervisory Board Member, Rigua Inc. (current) Jun 2024 Audit & Supervisory Board Member of the Company Mar 2025 Director, Audit and Supervisory Committee Member, Monster Lab Inc. (current) Jun 2025 Director, Audit and Supervisory Committee Member of the Company (current)
1972-11-13
Large Shareholding Reports
株式会社十文字チキンカンパニー
2026-10-23
6.86%→7.74%
Annual report (as of 2026-03-31): 8.70%
株式会社十文字チキンカンパニー
2026-10-23
7.88%→7.89%
Annual report (as of 2026-03-31): 8.70%
株式会社十文字チキンカンパニー
2026-10-23
7.74%→7.88%
Annual report (as of 2026-03-31): 8.70%
Mizuho Securities Co., Ltd.
2026-10-22
6.72%→6.72%
Jumonji Chicken Company Co., Ltd.
2026-10-15
6.86%→7.86%
Annual report (as of 2026-03-31): 8.70%
Mizuho Securities Co., Ltd.
2026-10-07
6.72%→6.72%
Sumitomo Mitsui Banking Corporation
2026-05-12
4.19%
Annual report (as of 2026-03-31): 4.82%
Mizuho Securities Co., Ltd.
2026-04-22
6.72%→6.72%
Mizuho Securities Co., Ltd.
2025-10-07
6.72%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-23
Large Shareholding Report
EDINET
2026-10-23
Large Shareholding Report
EDINET
2026-10-23
Large Shareholding Report
EDINET
2026-10-22
Large Shareholding Report
EDINET
2026-10-15
Large Shareholding Report
EDINET
2026-10-07
Large Shareholding Report
TDnet
2026-08-12
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-05-12
Large Shareholding Report
EDINET
2026-04-22
Large Shareholding Report
TDnet
2026-02-12
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-12
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-10-07
Large Shareholding Report
TDnet
2025-08-12
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-27
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-12
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-13
Quarterly Securities Report
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