Overview
Foods

NittoBest Corporation

Nitto Best Co., Ltd. is a food manufacturer headquartered in Sagae City, Yamagata Prefecture, specializing in the production and sale of processed foods including frozen foods, canned goods, retort pouch foods, and daily delivered (chilled) foods. The company operates across multiple segments—frozen foods, daily foods, canned/retort foods, and overseas foods—with manufacturing facilities across Japan and a subsidiary in Vietnam (JAPAN BEST FOODS COMPANY LIMITED). Its competitive strengths include vertically integrated production through group manufacturing partners, multi-site ISO/FSSC22000-certified facilities, and long-standing expertise in Japanese processed food categories.

Market Cap
¥9.03B
US$57.6M
EV
¥9.42B
US$60.1M
Stock¥746▼-1.84%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
4.4
x
LTM EV/EBIT
18.4
x
LTM PER
26.6
x
LTM PBR
0.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-21.6%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
9.03BUS$57.6MMarket Cap8.72BUS$55.6M+ Debt5.04BUS$32.1M− Cash3.82BUS$24.3M− Inv. Sec.0.53BUS$3.37M+ NCI9.42BUS$60.1MEV
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Performance & Balance
Revenue 5Y (¥B)
49.7US$317M'22/351.9US$331M'23/354.3US$346M'24/355.9US$356M'25/357.5US$367M'26/3
EBITDA 5Y (¥B)
2.54US$16.2M'22/32.15US$13.7M'23/32.30US$14.7M'24/32.30US$14.7M'25/32.32US$14.8M'26/3
Net Income 5Y (¥B)
0.61US$3.87M'22/30.24US$1.55M'23/30.41US$2.62M'24/30.38US$2.45M'25/30.51US$3.28M'26/3
Capital Structure
66%
34%
EquityD/E 0.53xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
6.87US$43.8M10.6US$67.5M'22/36.88US$43.9M11.0US$70.1M'23/39.32US$59.4M11.3US$72.0M'24/37.02US$44.8M10.9US$69.5M'25/38.10US$51.6M10.6US$67.3M'26/3
Shareholders
Top 10 hold 48.6%
1
NittoBest Corporation Business Partners' Stock Ownership Association
13.51%
2
Uchida Corporate Co., Ltd.
7.78%
3
The Norinchukin Bank
5.00%
4
The Yamagata Bank,Ltd.
4.95%
5
NittoBest Corporation Employee Stock Ownership Association
4.67%
6
Uchida Holdings Co., Ltd.
4.35%
7
KOKUBU GROUP CORP.
2.42%
8
Toyo Seikan Group Holdings,Ltd.
2.40%
9
Mahoko UCHIDA
1.79%
10
Kawasho Foods Co., Ltd.
1.69%
Management
12 officers
Soichiro TSUKADA
Representative Director, Chairman
Apr 1994 Joined the Company Oct 2010 Plant Manager, Kamimachi Plant Apr 2012 Deputy Head, Production Division Apr 2013 Deputy Head, Production Division and Head, Production Department Jun 2013 Director, Deputy Head of Production Division and Head, Production Department Apr 2014 Director, Head of Production Division and General Manager, East Integrated Plant Jun 2014 Managing Director, Head of Production Division and General Manager, East Integrated Plant Jun 2015 Representative Director, President, Kyushu Best Foods Co., Ltd. Oct 2015 Managing Director, Head of Production Division Jun 2017 Managing Director, Head of Production Division and Head of Overseas Business Division Apr 2018 Managing Director, Head of Sales Division and Head of Overseas Business Division Jun 2018 Senior Managing Director, Head of Sales Division and Head of Overseas Business Division Jun 2020 Representative Director, President and Head of Sales Division Apr 2022 Representative Director, President Jun 2023 Representative Director, President and Executive Officer Jun 2025 Representative Director, Chairman (current)
1964-09-09
Hideo SAGA
Representative Director, President and Executive Officer, Head of Overseas Business Division
Apr 1983 Joined the Company Apr 2007 Deputy Head, Sokentei Business Division, the Company Apr 2016 Representative Director, Sokentei Co., Ltd. Jun 2020 Director, Head of Overseas Business Division, the Company Jun 2021 Managing Director, Head of Overseas Business Division, the Company May 2022 Legal Representative, JAPAN BEST FOODS COMPANY LIMITED Jun 2023 Director, Managing Executive Officer, Head of Overseas Business Division, the Company Jun 2025 Representative Director, President and Executive Officer, Head of Overseas Business Division, the Company (current)
1960-03-28
Kazuhiko OHNUMA
Director, Senior Advisor
Apr 1970 Joined the Company Jun 2003 Director, Plant Manager, Tendo Plant Jun 2007 Director, Deputy Head of Production Division and Plant Manager, Tendo Plant Oct 2008 Managing Director, Deputy Head of Production Division and Plant Manager, Tendo Plant Jun 2010 Managing Director, Head of Production Division Jun 2011 Senior Managing Director, Head of Production Division Jun 2013 Representative Director, President and Head of Production Division Apr 2014 Representative Director, President Jun 2015 Representative Director, President, Kansai Best Foods Co., Ltd. Apr 2017 Representative Director, President and Head of Sales Division Apr 2018 Representative Director, President Jun 2019 Representative Director, President, Functional Peptide Research Institute Co., Ltd. (current) Jun 2020 Representative Director, Chairman Jun 2025 Director, Senior Advisor (current)
1951-05-25
Mahoko UCHIDA
Director, Senior Vice President and Executive Officer, Head of Administration Division
Jan 2008 Joined the Company Apr 2017 General Manager, Health Business Department Jun 2018 Director, General Manager, Health Business Department Apr 2019 Director, General Manager, Sales Planning Department Jun 2019 Managing Director, General Manager, Sales Planning Department Jun 2022 Representative Director, President, Kansai Best Foods Co., Ltd. Apr 2023 Managing Director, Deputy Head of Development Division Jun 2023 Director, Senior Managing Executive Officer, Head of Development Division Apr 2025 Director, Senior Managing Executive Officer Jun 2025 Director, Senior Vice President and Executive Officer, Head of Administration Division (current)
1971-06-22
Akihide WATANABE
Director, Managing Executive Officer, Head of Sales Division
Apr 1984 Joined the Company Apr 2005 Osaka Branch Manager, the Company Apr 2015 Tohoku Branch Manager, the Company Apr 2017 Deputy Head, Sales Division Jun 2017 Director, Deputy Head of Sales Division Apr 2022 Director, Head of Sales Division Jun 2022 Managing Director, Head of Sales Division Jun 2023 Director, Managing Executive Officer, Head of Sales Division Jun 2026 Director, Managing Executive Officer, Head of General Affairs and Human Resources Department (scheduled)
1961-12-11
Toru KOSEKI
Director, Managing Executive Officer
Apr 1984 Joined the Company Nov 2016 Department Manager attached to Overseas Business Division, the Company Jul 2018 Head, Accounting Department Jun 2019 Director, Head of Accounting Department Jun 2023 Director, Managing Executive Officer, Head of Accounting Department Apr 2025 Director, Managing Executive Officer (current)
1960-12-03
Masaaki ENDO
Director, Managing Executive Officer, Head of General Affairs and Human Resources Department
Apr 2000 Joined the Company Apr 2019 Head, General Affairs and Human Resources Department Jun 2019 Director, Head of General Affairs and Human Resources Department Jun 2023 Director, Managing Executive Officer, Head of General Affairs and Human Resources Department Jun 2026 Director, Managing Executive Officer, Head of Sales Division (scheduled)
1965-05-15
Hisashi MURAYAMA
Director
Apr 1990 Registered as attorney with the Tokyo Bar Association Aug 1994 Registered as attorney with the Yamagata Bar Association Aug 1994 Head, Murayama Hisashi Law Office (current) Apr 2012 President, Yamagata Bar Association Jun 2012 Outside Audit & Supervisory Board Member, the Company Jun 2022 Outside Director, the Company (current)
1960-08-26
Hideyuki MURAYAMA
Director
Feb 1990 Registered as Certified Public Accountant Sep 1992 Joined Tsuji Certified Public Accountant Office Jul 1994 Joined Chuo Aoyama Audit Corporation Sep 1997 Registered as Certified Tax Accountant Oct 1998 Head, Murayama Certified Public Accountant Office (current) Jun 2022 Outside Audit & Supervisory Board Member, the Company Jun 2025 Outside Director, the Company (current)
1963-01-01
Takashi ISHIZUKA
Full-time Audit & Supervisory Board Member
Apr 1986 Joined the Company Mar 2018 Head, Internal Audit Office, the Company Oct 2021 Department Manager attached to Full-time Audit & Supervisory Board Member, the Company Jun 2022 Full-time Audit & Supervisory Board Member, the Company (current)
1962-10-16
Yoshihiro UEMURA
Audit & Supervisory Board Member
Aug 1988 Registered as Certified Public Accountant Aug 1991 Joined Kuronuma Joint Accounting Office, Certified Tax Accountant Corporation Feb 1992 Registered as Certified Tax Accountant Jan 2017 Senior Partner, Kuronuma Joint Accounting Office, Certified Tax Accountant Corporation Nov 2024 Head, Kuronuma Joint Accounting Office, Certified Tax Accountant Corporation (current) Jun 2025 Outside Audit & Supervisory Board Member, the Company (current)
1961-08-19
Takako TAMAYA
Audit & Supervisory Board Member
Apr 2001 Joined Osakaya Co., Ltd. Nov 2004 Joined Tamaya Seimenjo Co., Ltd. Feb 2020 Managing Director, Tamaya Seimenjo Co., Ltd. (current) Jun 2025 Outside Audit & Supervisory Board Member, the Company (current)
1977-06-26
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-10
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-13
Q3 Earnings Flash
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
EDINET
2024-06-25
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
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
2023-06-23
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
2022-06-24
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-09
Quarterly Securities Report
EDINET
2021-08-11
Quarterly Securities Report
EDINET
2021-06-25
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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