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Major Japanese meat and ham/sausage processing company, formerly known as Nippon Meat Packers.
Major Japanese meat and ham/sausage processing company, formerly known as Nippon Meat Packers.
Earns thin margins on fresh meat, where livestock costs and import prices swing, and steadier profit from branded processed foods such as ham and sausage sold to supermarkets and restaurants. It raises, processes and imports meat, with operations in Australia and elsewhere overseas.
In one line: Japan's Tyson Foods/Hormel.
Moat: narrow (brand, scale, distribution). Leading scale in Japanese meat processing and distribution with strong retail brand.
Headquarters: Osaka, Japan · Founded: 1942 · Employees: 15,790
Size Nh Foods (2282.T) is a Japan Consumer Staples company (Food: Meat/Fish/Dairy) with a market value of $3.40B, the 331st largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥6,054 on 6 Nov 2026.
Performance Over six months the shares fell 10.2%, against -6.3% for the median peer and +1.8% for the Japan market (cap-weighted) — 7th lowest of 20 in its peer set.
Growth Revenue grew 6.7% over the last twelve months (peer median +3.4%); the operating margin is 3.1% (peer median 7.0%).
Valuation It trades at 14.0× forward earnings against a peer median of 17.0× (8th cheapest of 20).
Capital Return on invested capital runs 0.9 points below its cost of capital (5.0% WACC).
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥1.50T | ¥1.46T | ¥1.37T | ¥1.30T | ¥1.26T |
| Revenue growth | — | +6% | +5% | +3% | — |
| Gross profit | ¥242B | ¥233B | ¥205B | ¥188B | ¥162B |
| EBITDA | ¥91.0B | ¥103B | ¥77.7B | ¥71.3B | ¥49.4B |
| Net income | ¥29.3B | ¥35.1B | ¥26.6B | ¥28.1B | ¥19.4B |
| Free cash flow | -¥8.75B | ¥47.9B | ¥41.5B | ¥38.1B | -¥70.9B |
| Capital expenditure | ¥38.9B | ¥34.5B | ¥36.0B | ¥48.5B | ¥82.3B |
| Total debt | ¥290B | ¥229B | ¥224B | ¥215B | ¥242B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Nh Foods 2282.T | $3.40B | -10% | +7% | 3% | 14.0× | n/a |
| Itoham Yonekyu 2296.T | $1.53B | -13% | +3% | 3% | 13.2× | n/a |
| Tyson Foods TSN | $20.6B | -13% | +3% | 3% | 17.4× | 6.7% |
| Prima Meat Packers,Ltd 2281.T | $724M | -9% | +5% | 2% | 12.8× | -1.2% |
| Marudai Food 2288.T | $325M | -10% | +1% | 3% | n/a | n/a |
| Wh Group 0288.HK | $10.8B | -31% | +6% | 9% | 8.4× | -16.4% |
| Hormel Foods HRL | $12.1B | +7% | +1% | 7% | 14.4× | 0.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2282.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.3% | +1.9% | 4th lowest of 21 |
| 6-month return | -10.2% | -6.3% | 7th lowest of 20 |
| Distance from 52-week high | -18.4% | -20.5% | 10th highest of 21 |
| Revenue growth (TTM) | +6.7% | +3.4% | 8th highest of 21 |
| Operating margin | 3.1% | 7.0% | 6th lowest of 21 |
| Forward P/E | 14.0× | 17.0× | 8th cheapest of 20 |
| ROIC minus cost of capital | -0.9 pp | -0.4 pp | 9th lowest of 21 |
| EV / EBITDA | 8.7× | 9.3× | 8th cheapest of 17 |
| Net debt / EBITDA | 2.6× | 1.5× | 5th most indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nh Foods 2282.T | Japan | $3.40B | -10% | +7% | 3% | 14.0× | n/a | n/a |
| China Feihe 6186.HK | Hong Kong | $3.16B | -20% | -4% | 15% | 11.8× | -14.7% | -1.2% |
| Cranswick CWK.L | United Kingdom | $3.94B | +7% | +10% | 8% | 17.2× | 5.7% | +9.5% |
| Bakkafrost P/F BAKKA.OL | Norway | $2.77B | +4% | +7% | 14% | 23.1× | 9.5% | +10.1% |
| Leroy Seafood LSG.OL | Norway | $2.74B | -2% | +1% | 6% | 14.6× | 7.7% | +11.5% |
| Want Want China 0151.HK | Hong Kong | $4.43B | -32% | +6% | 18% | 9.7× | n/a | n/a |
| Hatsun Agro Product HATSUN.NS | India | $2.52B | +8% | +18% | 5% | 49.8× | 25.4% | +12.4% |
| Milky Mist Dairy Food MILKYMIST.NS | India | $2.42B | n/a | +34% | 8% | 79.2× | n/a | n/a |
| Yakult Honsha 2267.T | Japan | $5.15B | +3% | -1% | 9% | 17.0× | n/a | n/a |
| New Hope Dairy 002946.SZ | China | $2.22B | -13% | +7% | 9% | 17.6× | 1.9% | +10.7% |
| Morinaga Milk Industry 2264.T | Japan | $2.21B | -9% | +2% | 6% | 14.4× | n/a | n/a |
| China Youran Dairy 9858.HK | Hong Kong | $2.15B | -4% | +7% | -2% | 8.0× | 17.8% | +11.1% |
| Ezaki Glico 2206.T | Japan | $2.07B | -11% | +10% | 3% | 35.7× | 7.5% | +1.0% |
| Bell Food BELL.SW | Switzerland | $1.98B | +42% | +2% | 3% | 10.9× | 2.9% | +4.0% |
| Emmi EMMN.SW | Switzerland | $6.32B | +16% | +4% | 7% | 21.8× | 0.3% | +5.1% |
| Austevoll Seafood AUSS.OL | Norway | $1.79B | -8% | -1% | 7% | 11.4× | 2.5% | +11.9% |
| Shanghai Milkground Food Tech 600882.SS | China | $1.55B | -1% | +26% | 4% | 32.0× | 11.1% | +14.7% |
| Itoham Yonekyu 2296.T | Japan | $1.53B | -13% | +3% | 3% | 13.2× | n/a | n/a |
| Fraser & Neave F99.SI | Singapore | $1.53B | -8% | -3% | 10% | n/a | 0.1% | +4.8% |
| Smithfield Foods SFD | United States | $7.60B | -26% | -2% | 7% | 13.0× | -11.5% | +1.9% |
| Bright Dairy & Food 600597.SS | China | $1.43B | -6% | -3% | 0% | 30.6× | 18.8% | -1.1% |