Nittobest Corporation (2877) AI Stock Analysis

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Nittobest Corporation

(TSE/TYO:2877)

Select Model

Rating:50Neutral

Price Target:JPY 736.00▼(-0.27% Downside)

Action:reiterated

Date:08/17/26

The score is primarily weighed down by mixed financial performance: stable growth and a reasonable balance sheet are offset by thin earnings quality and highly volatile cash flow (notably the 2025 drop). Technicals are broadly neutral with slightly soft momentum, and valuation appears somewhat expensive versus the current profitability profile, with only modest dividend support.

Positive Factors

Steady Revenue GrowthConsistent top-line expansion indicates resilient demand and a stable market position in packaged foods. Continued revenue growth can support operating scale and provide a durable base for improving profitability if cost control and pricing execution strengthen.

Negative Factors

Thin and Volatile ProfitabilityEarnings have not kept pace with revenue growth, indicating limited operating leverage and possible cost or pricing pressure. Persistently low margins reduce resilience and leave less room to absorb inflation, competition or shifts in consumer demand.

Nittobest Corporation (2877) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 8.92B
Dividend Yield: 1.63%
Average Volume (3M): 2,408
Price to Earnings (P/E): 26.4
Beta (1Y): 0.11
Revenue Growth: 1.82%
EPS Growth: -19.15%
Country: Japan
Employees: 1,840
Sector: Consumer Defensive
Sector Strength: 62
Industry: Packaged Foods

Nittobest Corporation Business Overview & Revenue Model

Company Description

NittoBest Corporation is engaged in the manufacturing and distribution of a wide range of food products, including frozen, fresh, canned, packaged, chilled, and retort items, primarily for the Japanese market. The company was established in 1937 and...

How the Company Makes Money

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Nittobest Corporation Financial Statement Overview

Summary

Steady revenue growth supports stability, and the balance sheet is moderately leveraged with rising equity. However, profitability is thin and uneven (net income down versus 2021), and cash flow reliability is a key weakness given the sharp operating cash flow and free-cash-flow deterioration in 2025.

Income Statement

56Neutral

Balance Sheet

62Positive

Cash Flow

41Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	57.45B	57.49B	55.86B	54.27B	51.88B	49.75B
Gross Profit	9.65B	9.63B	9.23B	9.08B	8.82B	9.07B
EBITDA	2.22B	2.32B	2.44B	2.55B	2.29B	2.65B
Net Income	338.11M	514.48M	384.74M	411.64M	243.09M	607.55M
Balance Sheet
Total Assets	42.47B	41.20B	40.05B	42.78B	40.38B	38.58B
Cash, Cash Equivalents and Short-Term Investments	5.04B	4.28B	3.50B	5.71B	3.68B	3.46B
Total Debt	8.72B	10.55B	11.14B	11.48B	11.84B	10.58B
Total Liabilities	25.38B	23.92B	23.46B	26.59B	24.89B	23.35B
Stockholders Equity	16.57B	16.74B	16.07B	15.76B	15.11B	14.90B
Cash Flow
Free Cash Flow	0	1.29B	-1.45B	2.47B	-683.94M	1.19B
Operating Cash Flow	0	2.74B	48.42M	3.60B	1.18B	1.89B
Investing Cash Flow	0	-1.35B	-1.55B	-1.05B	-1.50B	-766.64M
Financing Cash Flow	0	-595.08M	-692.74M	-516.47M	529.86M	-653.18M

Nittobest Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

JP:2877 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:2813	79Outperform	JPY 10.60B	8.29	―	2.57%	8.64%	8.94%
Sector *	62Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
JP:2818	56Neutral	JPY 12.09B	-136.42	―	1.38%	9.62%	-179.71%
JP:2877	50Neutral	JPY 8.92B	26.40	―	1.63%	1.82%	-19.15%
JP:2904	48Neutral	JPY 13.90B	354.72	―	1.86%	3.55%	-93.65%
JP:2876	47Neutral	JPY 4.37B	10.03	―	2.49%	2.24%	―
JP:2901	37Underperform	JPY 1.94B	25.15	―	5.97%	―	―

* Consumer Defensive Sector Average

Performance Comparison

JP:2877 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:2877	Nittobest Corporation	738.00	13.68	1.89%
JP:2813	Wakou Shokuhin Co., Ltd.	3895.00	961.49	32.78%
JP:2818	Pietro Co., Ltd.	1738.00	26.33	1.54%
JP:2876	Delsole Corporation	482.00	65.86	15.83%
JP:2901	Ishigaki Foods Co., Ltd.	67.00	-506.11	-88.31%
JP:2904	Ichimasa Kamaboko Co., Ltd.	752.00	16.31	2.22%

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.

Date of analysis: Aug 17, 2026

Nittobest Corporation AI Stock Analysis