Nichimo reports strong half-year results, reaffirms full-year forecast

Nichimo Co., Ltd. reported consolidated net sales of 67,022 million yen for the six months ended September 30, 2025, an 8.8% increase year-on-year, with operating profit climbing 29.0% to 1,586 million yen. The company reaffirmed its full-year forecast for fiscal year 2026, projecting net sales of 135,000 million yen and operating profit of 3,300 million yen, citing expectations for continued stable growth across its four main businesses.

The Food, Marine, Machinery, and Materials segments all contributed to increased sales and profits, offsetting volatility in food raw material prices. The company also announced an interim dividend of 50 yen per share for the fiscal year ending March 31, 2026, maintaining its progressive dividend policy with a target payout ratio of 35% or more. Total annual dividends are forecast at 100 yen per share.

Strategic investments outlined in the medium-term management plan include 6 billion yen for capital expenditures focused on aquaculture and environmental development, and a further 6 billion yen for M&A in the food and machinery sectors, aiming for a total investment of 12 billion yen. Nichimo also highlighted the launch of its first television commercial and progress in developing a land-based aquaculture system as part of its brand strengthening and innovation efforts.