Mid-Term Management Plan 2026 Progress Briefing | NH Foods Ltd. (2282) timely disclosure

Worth reading

67In focus

0–100. This measures how worthwhile something is to read, not how good or bad the company is.

Direction

Mixed performance

Direction inferred from the company’s description.

Scale

258

¥100 million (year-on-year increase in business profit)

Wording

Conditional

How definitive the wording is.

Contents of this document

Medium-Term Management Plan PresentationFiscal year ended March 2026 (and plan for the fiscal year ending March 2027)11 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales14,574 Hundreds of millions of yen+6.3%

Net income¥351 100 million +31.9%profit for the year attributable to owners of the parent

Full-year earnings forecast

Net Sales

15,000 Hundreds of millions of yen

Business profit

610 Hundreds of millions of yen

Profit for the period attributable to owners of the parent

380 Hundreds of millions of yen

ROE

7.2 %

ROIC

5.3 %

EPS

¥405

What the company explained in this material

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

Qualitative assumptions include uncertainty related to the situation in the Middle East, structurally weak yen conditions, rising production costs and market volatility. Numerical assumptions are not disclosed

New initiatives

Transition the North American processed foods business from a growth strategy to structural reform in preparation for the next Mid-Term Management Plan
Establish a Tamarack production system
Improve the profitability of DLF local sales
Revitalize the TNF business
Expand domestic chicken production and procurement through external collaboration
Use Proteinnovation to pursue new fields, including medical and cosmetic materials
Reform the cost structure through DX and AI
Develop the surrounding area as a town-building project with a view to opening a new station near the ballpark

Key KPIsA metric the company considers important as a management benchmark.

ROE6.6 %
Year on year against the same period last year+1.5 percentage points
ROIC6.1 %
Year on year against the same period last year+2.2 percentage points
EPS¥361
Year on year against the same period last year+¥98
Priority category ratio72.5 %
Production line reduction rate14.2 %
Branded beef ratio66.1 %
Ballpark attendance466 10,000 people

Unit price and quantity metricsThese figures show sales broken down by price and volume.

Sales volumes, shipment volumes and attendance are disclosed, but no breakdown combining unit prices and volumes is disclosed

Segment results

Processing Business

Net Sales

5,303 Hundreds of millions of yen

Business profit

72 Hundreds of millions of yen

Meat business

Net Sales

10,341 Hundreds of millions of yen

Business profit

613 Hundreds of millions of yen

Sports and Entertainment Business

Net Sales

315 Hundreds of millions of yen

Business profit

49 Hundreds of millions of yen

Eliminations, adjustments and other items

Net Sales

-1,381 Hundreds of millions of yen

Business profit

-50 Hundreds of millions of yen

Medium-term management plan targets

Share repurchases over the three years of the Mid-Term Management Plan¥90.0 billion

FY27/03 business profit¥61.0 billion

FY27/03 revenue¥1,500.0 billion

FY27/03 ROE7.2%

FY27/03 ROIC5.3%

Financial targets

ROE

FY26/03 actual6.6%

FY27/03 forecast7.2%

ROIC

FY26/03 actual6.1%

FY27/03 forecast5.3%

Market Size / Share

The company states its policy of expanding its sales share in Australia, but share figures are not disclosed

Capital expenditures

1,304 Hundreds of millions of yen

Annual Dividend

An increase in dividends is indicated, but the dividend per share and the interim and year-end breakdown are not disclosed

Acquisition of treasury shares

Buyback limit

900 Hundreds of millions of yen

PeriodThree years of the Mid-Term Management Plan

FY27/03 plan

400 Hundreds of millions of yen

Contents of this document
Item	Details
Document type	Medium-Term Management Plan Presentation
Fiscal Period Covered	Fiscal year ended March 2026 (and plan for the fiscal year ending March 2027)
Net Sales	14,574 Hundreds of millions of yen (YoY +6.3%)
Net income	¥351 100 million (profit for the year attributable to owners of the parent) (YoY +31.9%)
Full-year earnings forecast	Net Sales 15,000 Hundreds of millions of yen / Business profit 610 Hundreds of millions of yen / Profit for the period attributable to owners of the parent 380 Hundreds of millions of yen / ROE 7.2 % / ROIC 5.3 % / EPS ¥405
Segment results	Processing Business Net Sales 5,303 Hundreds of millions of yen / Business profit 72 Hundreds of millions of yen / Meat business Net Sales 10,341 Hundreds of millions of yen / Business profit 613 Hundreds of millions of yen / Sports and Entertainment Business Net Sales 315 Hundreds of millions of yen / Business profit 49 Hundreds of millions of yen / Eliminations, adjustments and other items Net Sales -1,381 Hundreds of millions of yen / Business profit -50 Hundreds of millions of yen
Key KPIs	Indicator name ROE / Value 6.6 % / Year on year against the same period last year +1.5 percentage points, Indicator name ROIC / Value 6.1 % / Year on year against the same period last year +2.2 percentage points, Indicator name EPS / Value ¥361 / Year on year against the same period last year +¥98, Indicator name Priority category ratio / Value 72.5 % / Year on year against the same period last year Not disclosed, Indicator name Production line reduction rate / Value 14.2 % / Year on year against the same period last year Not disclosed, Indicator name Branded beef ratio / Value 66.1 % / Year on year against the same period last year Not disclosed, Indicator name Ballpark attendance / Value 466 10,000 people / Year on year against the same period last year Not disclosed
Unit price and quantity metrics	Sales volumes, shipment volumes and attendance are disclosed, but no breakdown combining unit prices and volumes is disclosed
Assumptions Underlying the Business Outlook	Qualitative assumptions include uncertainty related to the situation in the Middle East, structurally weak yen conditions, rising production costs and market volatility. Numerical assumptions are not disclosed
Medium-term management plan targets	Share repurchases over the three years of the Mid-Term Management Plan ¥90.0 billion / FY27/03 business profit ¥61.0 billion / FY27/03 revenue ¥1,500.0 billion / FY27/03 ROE 7.2% / FY27/03 ROIC 5.3%
Financial targets	ROE FY26/03 actual 6.6% / FY27/03 forecast 7.2% / ROIC FY26/03 actual 6.1% / FY27/03 forecast 5.3%
Annual Dividend	An increase in dividends is indicated, but the dividend per share and the interim and year-end breakdown are not disclosed
Acquisition of treasury shares	Buyback limit 900 Hundreds of millions of yen / Period Three years of the Mid-Term Management Plan / FY27/03 plan 400 Hundreds of millions of yen
Capital expenditures	1,304 Hundreds of millions of yen
Market Size / Share	The company states its policy of expanding its sales share in Australia, but share figures are not disclosed
New initiatives	Transition the North American processed foods business from a growth strategy to structural reform in preparation for the next Mid-Term Management Plan, Establish a Tamarack production system, Improve the profitability of DLF local sales, Revitalize the TNF business, Expand domestic chicken production and procurement through external collaboration, Use Proteinnovation to pursue new fields, including medical and cosmetic materials, Reform the cost structure through DX and AI, Develop the surrounding area as a town-building project with a view to opening a new station near the ballpark

Items this document does not state (15)

Operating profitOrdinary incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planBreakdown of Factors Affecting the ChangeNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookPayout ratioOrders received and order backlogKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

For the fiscal year ended March 2026, favorable external conditions, together with successful measures to strengthen the company’s self-sustaining earnings base, drove performance. For the fiscal year ending March 2027, the company is planning for lower profit after factoring in uncertainties related to the situation in the Middle East, but says it has built the earnings power to maintain business profit in the ¥60 billion range through internal efforts.

How to read this page

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