NH Foods Limited

NH Foods Ltd. manufactures and sells ham, sausage, processed foods, meat, and dairy products in Japan and internationally. It operates through the Processed Foods Business Division and the Fresh Meat Business Division. The Processed Foods Business Division offers ham and sausages under the SCHAU ESSEN brand, Chinese food meal kits under the Chuka Meisai brand, chilled pizza under the Ishigama Kobo brand, and other meat products under the Hokkaido Carl Ramon and Kamakura Ham Tomioka brands, as well as dairy products such as cheese and yogurt. The Fresh Meats Business Division is involved in the production, raising, slaughtering, processing, distribution, and sale of fresh meat products. The company also operates a football club, a baseball club, and a ballpark, and exports its products. Formerly known as Nippon Meat Packers Inc., it changed its name to NH Foods Ltd. in June 2014. Founded in 1942, it is headquartered in Osaka, Japan.

2282.JP▼

Nippon Ham posts higher revenue but lower net profit in Q1, meat business drives earnings

Nippon Ham reported a 8.7 percent rise in revenue to 384.9 billion yen and a 19.5 percent increase in business profit to 19.4 billion yen for the first quarter of the fiscal year ending March 2027. However, quarterly profit attributable to owners of the parent fell 5.6 percent to 10.8 billion yen, resulting in a net profit decline. In its core meat business, appropriate pricing and inventory management of imported meat boosted profits, while the processed foods segment saw lower earnings due to soaring raw material costs affected by the Middle East situation. Full-year earnings forecasts were left unchanged, as sluggish net profit growth prevented an upward revision despite solid mainstay operations. The stock price fell more than 8 percent from the previous day to 5,796 yen after the earnings announcement.

2282.JP ▼

LIMO·45dRead more →