Overview
Wholesale Trade

NICHIMO CO.,LTD.

Nichimo Co., Ltd. is a specialized marine products trading company operating across four core segments: Food Business (trading and processing of fresh/frozen fish, fish roe, and surimi through global procurement and group company manufacturing), Marine Business (fishing nets, ropes, fishing gear, aquaculture materials, and vessel equipment), Machinery Business (food processing machinery and manufacturing equipment for food factories), and Materials Business (synthetic resins, packaging materials, and agricultural/livestock materials). The company leverages over 100 years of expertise in the fishery and marine industry, with a global network of procurement staff deployed to fishing grounds worldwide. Its integrated value chain spanning from ocean to dining table, combined with diversified businesses including biotics (fermented soybean products), logistics, and staffing services, underpins its competitive positioning.

Market Cap
¥19.0B
US$121M
EV
¥34.0B
US$217M
Stock¥2,256▼-0.66%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
9.0
x
LTM EV/EBIT
13.4
x
LTM PER
9.2
x
LTM PBR
0.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-32.2%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
19.0BUS$121MMarket Cap42.0BUS$268M+ Debt8.57BUS$54.7M− Cash18.4BUS$117M− Inv. Sec.0.02BUS$0.12M+ NCI34.0BUS$217MEV
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Performance & Balance
Revenue 5Y (¥B)
115US$736M'22/3127US$809M'23/3128US$815M'24/3134US$854M'25/3140US$891M'26/3
EBITDA 5Y (¥B)
4.11US$26.2M'22/34.02US$25.6M'23/33.22US$20.5M'24/34.06US$25.9M'25/33.99US$25.4M'26/3
Net Income 5Y (¥B)
2.75US$17.6M'22/32.44US$15.5M'23/32.35US$15.0M'24/32.67US$17.0M'25/32.18US$13.9M'26/3
Capital Structure
45%
55%
EquityD/E 1.20xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
17.2US$109M34.7US$221M'22/319.5US$125M36.0US$230M'23/322.1US$141M29.1US$185M'24/320.4US$130M31.3US$199M'25/324.8US$158M35.2US$225M'26/3
Shareholders
Top 10 hold 36.0%
1
Asahi Mutual Life Insurance Company (Standing Proxy: Custody Bank of Japan, Ltd.)
7.58%
2
Kakusho NAKAMURA
7.47%
3
Watanabe Reishoku Co., Ltd.
6.35%
4
Nissui Corporation
2.80%
5
NICHIMO CO.,LTD. Business Partners' Stock Ownership Association
2.46%
6
Mizuho Trust & Banking Co., Ltd. (Retirement Benefit Trust, Mizuho Bank, Ltd. Account; Re-trustee: Custody Bank of Japan, Ltd.)
2.34%
7
Wataru TAKEMURA
2.11%
8
KYOKUYO CO.,LTD.
1.97%
9
Custody Bank of Japan, Ltd. (Trust Account)
1.53%
10
DFA INTL SMALL CAP VALUE PORTFOLIO (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.34%
Management
9 officers
Shinya AOKI
Representative Director, President and Executive Officer
Apr 1985 Joined the Company Apr 2002 Manager, Shikoku Sales Office Apr 2018 Executive Officer, Manager, Fukuoka Branch Apr 2020 Executive Officer, General Manager, Materials Business Division Apr 2021 Executive Officer, General Manager, Marine Business Division Jun 2024 Representative Director, President and Executive Officer (current)
1962-06-05
Yoshiyuki TSUCHIDA
Director, Managing Executive Officer, in charge of Food Business Division
Apr 1986 Joined the Company Jun 2003 General Manager, Food Sales Department No. 2 Apr 2007 Manager, Osaka Branch Apr 2010 Executive Officer, Manager, Osaka Branch Jun 2012 Director, Executive Officer, Manager, Osaka Branch Apr 2018 Director, Executive Officer, General Manager, Food Business Division Apr 2024 Director, Executive Officer, in charge of Food Business Division and General Manager, Food Business Division Apr 2025 Director, Executive Officer, in charge of Food Business Division Jun 2025 Director, Managing Executive Officer, in charge of Food Business Division (current)
1961-01-10
Toshihiko SUWABE
Director, Managing Executive Officer, in charge of Marine, Machinery and Materials Business Division
Apr 1982 Joined the Company Apr 2002 General Manager, Food Sales Department No. 2 Jun 2003 Executive Officer, General Manager, Food Sales Department No. 3 Oct 2004 Executive Officer, in charge of Food Business Division Apr 2007 Executive Officer, General Manager, Food Business Department No. 2 Jun 2014 Executive Officer, Manager, Fukuoka Branch Apr 2018 Executive Officer, Manager, Osaka Branch Jun 2020 Director, Executive Officer, Manager, Osaka Branch Apr 2024 Director, Executive Officer, in charge of Marine, Machinery and Materials Business Division and General Manager, Marine Business Division Apr 2025 Director, Executive Officer, in charge of Marine, Machinery and Materials Business Division Jun 2025 Director, Managing Executive Officer, in charge of Marine, Machinery and Materials Business Division (current)
1960-03-01
Yutaka FUKUI
Director, Executive Officer, Manager, Osaka Branch
Apr 1989 Joined the Company Apr 2010 General Manager, Machinery Sales Department Apr 2021 Executive Officer, General Manager, Machinery and Materials Business Division Jun 2025 Director, Executive Officer, General Manager, Machinery and Materials Business Division Apr 2026 Director, Executive Officer, Manager, Osaka Branch (current)
1966-05-14
Akinobu KOJIMA
Director, Executive Officer, in charge of Administration
Apr 1989 Joined the Company Oct 2011 General Manager, Food Sales Department No. 3 Apr 2016 General Manager, Finance Department Apr 2022 Executive Officer, General Manager, General Affairs Department and General Manager, Finance Department Apr 2025 Executive Officer, in charge of Administration Jun 2025 Director, Executive Officer, in charge of Administration (current)
1967-03-21
Tatsuya KIKUCHI
Director (Audit and Supervisory Committee Member)
Apr 1984 Joined Asahi Mutual Life Insurance Company Apr 2011 Executive Officer, Head of Business Planning Division and Sales Planning Department Apr 2014 Executive Officer, Head of General Affairs and Human Resources Division Jul 2014 Director and Executive Officer, Head of General Affairs and Human Resources Division Apr 2015 Director and Executive Officer, in charge of General Affairs Department, Human Resources Department and Human Resources and General Affairs Department Jun 2015 Audit & Supervisory Board Member, the Company Apr 2016 Managing Executive Officer, Director, Asahi Mutual Life Insurance Company, in charge of General Affairs Department, Human Resources Department and Human Resources and General Affairs Department Jun 2016 Director (Audit and Supervisory Committee Member), the Company Apr 2018 Senior Managing Executive Officer, Director, Asahi Mutual Life Insurance Company, Head of Sales Division and in charge of Special Assignment for Tokyo Metropolitan Area Strengthening, in charge of Sales Management Department and Sales Force Structure Strengthening Department Apr 2019 Representative Director, Senior Managing Executive Officer, Asahi Mutual Life Insurance Company, Head of Sales Division and in charge of Special Assignment for Tokyo Metropolitan Area Strengthening, in charge of Sales Management Department and Sales Force Structure Strengthening Department Apr 2021 Director, Asahi Mutual Life Insurance Company Jun 2021 Representative Director and President, Infotechno Asahi Co., Ltd.; Outside Director (Audit and Supervisory Committee Member), Lasa Industries, Ltd. (current) Jun 2024 Director, Asahi Life Adult Disease Research Institute (public interest foundation) (current)
1959-07-15
Yumiko YOSHIE
Director (Audit and Supervisory Committee Member)
Apr 1987 Joined Nippon Suisan Kaisha, Ltd. Jul 1997 Research Assistant, Faculty of Fisheries, Tokyo University of Fisheries Apr 2007 Research Assistant, Faculty of Marine Science, Tokyo University of Fisheries Apr 2010 Professor, Department of Food and Environmental Sciences, Faculty of Life Sciences, Toyo University (current) Jun 2017 Outside Director, Kenko Mayonnaise Co., Ltd. Jun 2023 Outside Director, Kenko Mayonnaise Co., Ltd. Jun 2024 Director (Audit and Supervisory Committee Member), the Company (current)
1965-03-18
Ichiro NAKAYAMA
Director (Audit and Supervisory Committee Member)
Apr 1994 Researcher, Genetics and Breeding Division, Aquaculture Research Institute, Fisheries Agency Jan 2001 Assistant Counselor, Office of Policy Coordination, Council for Science and Technology Policy, Cabinet Office Apr 2003 Director, Genetic Analysis Center, Central Fisheries Research Institute, Fisheries Research Agency Apr 2010 Director, Business Promotion Department, Central Fisheries Research Institute, Fisheries Research Agency Apr 2011 Counselor, Division for Promotion of Production, Fisheries Agency; Research Coordination Officer, Secretariat of the Agriculture, Forestry and Fisheries Research Council, Ministry of Agriculture, Forestry and Fisheries Apr 2013 Director, Research Promotion Department, Headquarters, Fisheries Research Agency Apr 2014 Director, Tohoku National Fisheries Research Institute, Fisheries Research Agency Apr 2015 Director, Central Fisheries Research Institute, Fisheries Research Agency Apr 2018 Aquaculture R&D Advisor, Central Research Institute, Nippon Suisan Kaisha, Ltd. Apr 2021 President, Fisheries Research and Education Agency Apr 2026 Deputy Director, Fukushima Institute for Research, Education and Innovation (current) Jun 2026 Director (Audit and Supervisory Committee Member), the Company (current)
1957-05-09
Tsutomu NOMURA
Director (Audit and Supervisory Committee Member)
Apr 1982 Joined Dai-Ichi Kangyo Bank, Ltd. Mar 2006 General Manager, Credit Planning Department, Mizuho Financial Group, Inc. Jan 2008 General Manager, Corporate Credit Examination Department No. 1, Mizuho Bank, Ltd. Apr 2009 General Manager, Corporate Finance Department, Mizuho Bank, Ltd. Apr 2011 Executive Officer, General Manager, Corporate Finance Department, Mizuho Bank, Ltd. May 2011 Executive Officer, General Manager, Credit Examination Department No. 1, Mizuho Bank, Ltd. Jul 2013 Executive Officer, General Manager, Credit Examination Operations Department, Mizuho Bank, Ltd. Apr 2014 Managing Executive Officer, Co-Head of Credit Examination Division, Mizuho Bank, Ltd. Apr 2016 Managing Executive Officer, Co-Head of Credit Examination Group, Mizuho Bank, Ltd. Apr 2017 Managing Executive Officer, General Manager, Internal Audit Group, Mizuho Financial Group, Inc. Apr 2019 Executive Officer, Mizuho Financial Group, Inc. Jun 2019 Vice Chairman, Dai-Ichi Kangyo Credit Union Jun 2020 Chairman, Dai-Ichi Kangyo Credit Union (current) Jun 2026 Director (Audit and Supervisory Committee Member), the Company (current)
1959-05-30
Large Shareholding Reports
Watanabe Reishoku Co., Ltd.
2026-04-13
5.22%→6.58%
Annual report (as of 2026-03-31): 6.35%
Watanabe Reishoku Co., Ltd.
2026-04-13
5.22%→6.58%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 6.35%
Watanabe Reishoku Co., Ltd.
2026-04-13
6.58%
Annual report (as of 2026-03-31): 6.35%
Noriaki NAKAMURA
2025-08-26
5.09%→6.31%
Annual report (as of 2026-03-31): 7.47%
Noriaki NAKAMURA
2025-08-26
5.09%→6.31%
Annual report (as of 2026-03-31): 7.47%
Noriaki NAKAMURA
2025-08-26
5.09%→6.31%
Annual report (as of 2026-03-31): 7.47%
Noriaki NAKAMURA
2025-08-26
5.09%→6.31%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 7.47%
Noriaki NAKAMURA
2025-08-25
5.10%→6.80%
Annual report (as of 2026-03-31): 7.47%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-04-13
Large Shareholding Report
EDINET
2026-04-13
Large Shareholding Report
EDINETAmended
2026-04-13
Change Report
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2025-08-26
Change Report
EDINETAmended
2025-08-26
Change Report
EDINETAmended
2025-08-26
Change Report
EDINET
2025-08-26
Large Shareholding Report
EDINET
2025-08-25
Large Shareholding Report
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-27
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-07
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-21
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
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
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-26
Securities Registration Statement
EDINET
2022-08-26
Securities Registration Statement
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-24
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
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