NH Foods sees profit dip, sets ambitious growth targets

NH Foods (TSE:2282) reported a consolidated net sales increase of 5.1% to JPY1,370.55 billion for the fiscal year ended March 31, 2025, though business profit decreased by 5.3% to JPY42.54 billion. To drive growth, NH Foods acquired LJD Holdings, Mountain View Packaging, and Tamarack Foods, aiming to expand its processed food business in North America. The company projects fiscal year 2026 net sales of JPY1,400 billion and business profit of JPY54.00 billion. The company also announced a plan to acquire up to 6 million of its own shares for up to JPY30 billion. The annual dividend for fiscal year 2026 is expected to be JPY156 per share.