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NH Foods
(2282)
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Rating:65Neutral
Price Target:
¥2,102.00
▼(-63.40% Downside)
Action:Reiterated
Date:09/30/26
Overall score is driven by improving fundamentals and a stable balance sheet, but capped by inconsistent/weakening free cash flow in the latest TTM. Valuation is a meaningful positive due to the very high dividend yield and reasonable P/E, while bearish price momentum and trading below major moving averages keep the score from being higher.
Positive Factors
Integrated, diversified food platform
NH Foods controls multiple stages of the meat and food value chain and serves retail, foodservice, and commercial customers. This breadth supports customer reach, product diversification, and the ability to capture value through processing, branding, and distribution rather than relying on a single activity.
Negative Factors
Volatile and weakening free cash flow
Weak recent cash conversion reduces the quality and flexibility of reported earnings. Volatile free cash flow, including negative periods in 2022 and 2023, may constrain internally funded investment, dividends, or debt reduction if working-capital and investment demands remain elevated.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated, diversified food platform
NH Foods controls multiple stages of the meat and food value chain and serves retail, foodservice, and commercial customers. This breadth supports customer reach, product diversification, and the ability to capture value through processing, branding, and distribution rather than relying on a single activity.
Read all positive factors
NH Foods (2282) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥573.79B
Dividend Yield2.62%
Average Volume (3M)1.52M
Price to Earnings (P/E)17.0
Beta (1Y)0.18
Revenue Growth7.32%
EPS Growth43.91%
CountryJP
Employees15,790
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)120.06
Shares Outstanding282,735,000
10 Day Avg. Volume1,638,880
30 Day Avg. Volume1,520,334
Financial Highlights & Ratios
PEG Ratio0.52
Price to Book (P/B)1.27
Price to Sales (P/S)0.47
P/FCF Ratio14.26
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥2,300.00Price Target Upside-59.95% Downside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)130.75
Revenue Forecast (FY)¥1.50T
NH Foods Business Overview & Revenue Model
Company Description
NH Foods Ltd. engages in manufacturing and selling ham, sausage, processed food, meat, and dairy product in Japan and internationally. It operates through Processed Foods Business Division and the Fresh Meat Business Division. The Processed Foods ...
How the Company Makes Money
NH Foods makes money primarily by selling food products through multiple channels and stages of the supply chain. Key revenue streams include: (1) Fresh/processed meat sales: revenue from supplying pork, chicken, beef, and other meats to supermark...
NH Foods Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
70
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.49T | 1.46T | 1.37T | 1.30T | 1.26T | 1.15T |
| Gross Profit | 250.64B | 250.58B | 204.71B | 188.25B | 161.58B | 184.68B |
| EBITDA | 101.47B | 103.92B | 80.83B | 82.30B | 62.33B | 89.33B |
| Net Income | 34.42B | 35.07B | 26.59B | 28.08B | 19.37B | 36.01B |
Balance Sheet | ||||||
| Total Assets | 1.02T | 997.48B | 949.27B | 958.24B | 937.15B | 909.21B |
| Cash, Cash Equivalents and Short-Term Investments | 58.32B | 68.68B | 71.56B | 65.47B | 64.99B | 85.37B |
| Total Debt | 252.98B | 228.55B | 223.90B | 214.85B | 242.06B | 211.41B |
| Total Liabilities | 469.61B | 445.79B | 412.20B | 419.04B | 434.37B | 419.66B |
| Stockholders Equity | 533.92B | 536.94B | 524.29B | 527.50B | 492.91B | 479.07B |
Cash Flow | ||||||
| Free Cash Flow | 26.71B | 47.87B | 41.47B | 38.11B | -70.93B | -11.09B |
| Operating Cash Flow | 62.52B | 82.34B | 77.44B | 86.59B | 11.33B | 33.39B |
| Investing Cash Flow | -36.51B | -34.04B | -42.72B | -39.22B | -63.68B | -23.03B |
| Financing Cash Flow | -42.31B | -56.00B | -29.85B | -53.19B | 28.42B | -11.97B |
NH Foods Technical Analysis
Neutral
5743.00
Price Trends
2064.86
Negative
2046.60
Negative
2143.90
Negative
Market Momentum
-18.42
Negative
50.29
Neutral
77.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2282, the sentiment is Neutral. The current price of 5743 is above the 20-day moving average (MA) of 2028.37, above the 50-day MA of 2064.86, and above the 200-day MA of 2143.90, indicating a neutral trend. The MACD of -18.42 indicates Negative momentum. The RSI at 50.29 is Neutral, neither overbought nor oversold. The STOCH value of 77.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:2282.
NH Foods Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥532.32B | 18.60 | 10.25% | 2.33% | 10.36% | 20.76% | |
72 Outperform | ¥1.04T | 13.67 | 14.17% | 2.17% | 7.85% | 23.20% | |
69 Neutral | ¥866.83B | 17.91 | 9.39% | 2.38% | 4.84% | -2.91% | |
65 Neutral | ¥573.79B | 17.00 | 6.43% | 2.62% | 7.32% | 43.91% | |
63 Neutral | ¥329.92B | 11.62 | 9.78% | 3.13% | 8.09% | 9.61% | |
63 Neutral | ¥258.17B | 13.88 | ― | 4.93% | 0.50% | 20.92% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% |
* Consumer Defensive Sector Average
JP:2282
NH Foods
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NH Foods Corporate Events
NH Foods Advances Share Buyback, Repurchasing 2.68 Million Shares
Sep 1, 2026
NH Foods has reported progress on its ongoing share buyback program authorized by its board in May 2026, acquiring 1,287,000 common shares for about ¥7.89 billion between August 1 and August 31 via market purchases on the Tokyo Stock Exchange...
NH Foods Revamps Shareholder Benefit Plan Ahead of Share Split
Aug 7, 2026
NH Foods Ltd. is a major Japanese food manufacturer listed on the Tokyo Stock Exchange, specializing in meat and processed foods and leveraging group brands and online channels. The company uses a structured shareholder special benefit program off...
NH Foods Confirms Q1 FY2026 Results After Audit Review, Revenue Rises but Profit Eases
Aug 7, 2026
NH Foods announced that its consolidated financial results for the three months ended June 30, 2026, previously disclosed on August 3, have now completed interim review by certified public accountants with no changes required. For the quarter, the...
NH Foods Advances Share Buyback Under ¥40 Billion Authorization
Aug 3, 2026
NH Foods has continued its share buyback program, acquiring 1,193,600 of its own common shares on the Tokyo Stock Exchange between July 1 and July 31, 2026, for a total of about ¥7.46 billion. This activity forms part of a broader board-appro...
NH Foods lifts quarterly sales, holds outlook and plans higher dividend
Aug 3, 2026
NH Foods reported consolidated net sales of ¥384.9 billion for the three months ended June 30, 2026, up 8.7% year on year, with business profit rising 19.5% to ¥19.4 billion and profit before tax nearly flat. Profit attributable to owner...
NH Foods Reshapes Executive Roles Around Strategy and VBM Promotion
Jul 17, 2026
NH Foods announced changes to its leadership structure following a July 17, 2026 board meeting, effective from August 1, 2026. Director and Executive Officer Teruyuki Asayama will expand his remit to include oversight of the VBM Promotion Office i...
NH Foods Reports Initial Progress on ¥40 Billion Share Buyback Program
Jul 1, 2026
NH Foods has disclosed the latest progress of its share buyback program, authorized under Japan’s Companies Act and approved by its board in May 2026. The company purchased 202,100 of its own common shares on the Tokyo Stock Exchange between...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.