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Japanese (NIKKEI) Food Industry Analysis

UpdatedJul 11, 2026
DataAggregated Company Financials
Companies125
  • 7D-2.1%
  • 3M5.1%
  • 1Y22.3%
  • YTD17.0%

Over the last 7 days, the Food industry has dropped 2.1%, driven by a pullback from Ajinomoto of 7.1%. This takes the industry's 12 month performance to a gain of 22%. Earnings are forecast to grow by 6.9% annually.

Industry Valuation and Performance

Has the Japanese Food Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Jul 2026JP¥21.1tJP¥25.2tJP¥1.0t15.8x20.3x0.8x
Tue, 09 Jun 2026JP¥19.4tJP¥25.2tJP¥1.0t15x18.7x0.8x
Thu, 07 May 2026JP¥19.7tJP¥24.9tJP¥960.2b15.5x20.5x0.8x
Sat, 04 Apr 2026JP¥20.4tJP¥24.8tJP¥961.4b16x21.2x0.8x
Mon, 02 Mar 2026JP¥21.2tJP¥24.8tJP¥988.1b16.9x21.4x0.9x
Wed, 28 Jan 2026JP¥18.8tJP¥24.6tJP¥950.5b17.1x19.8x0.8x
Fri, 26 Dec 2025JP¥18.2tJP¥24.5tJP¥945.5b16.7x19.3x0.7x
Sun, 23 Nov 2025JP¥18.4tJP¥24.5tJP¥946.1b16.4x19.4x0.7x
Tue, 21 Oct 2025JP¥18.2tJP¥24.4tJP¥932.1b16.3x19.5x0.7x
Thu, 18 Sep 2025JP¥18.8tJP¥24.4tJP¥927.3b16.9x20.3x0.8x
Sat, 16 Aug 2025JP¥18.0tJP¥24.4tJP¥928.2b16.2x19.4x0.7x
Mon, 14 Jul 2025JP¥17.5tJP¥24.2tJP¥921.1b16.4x19x0.7x
Wed, 11 Jun 2025JP¥17.4tJP¥24.2tJP¥922.2b16.5x18.8x0.7x
Fri, 09 May 2025JP¥17.5tJP¥24.1tJP¥962.0b16.9x18.2x0.7x
Sun, 06 Apr 2025JP¥16.5tJP¥24.0tJP¥968.9b15.4x17.1x0.7x
Tue, 04 Mar 2025JP¥16.8tJP¥24.0tJP¥967.9b15.4x17.3x0.7x
Thu, 30 Jan 2025JP¥17.5tJP¥23.7tJP¥955.9b15.5x18.3x0.7x
Sat, 28 Dec 2024JP¥18.2tJP¥23.7tJP¥953.7b15.3x19x0.8x
Mon, 25 Nov 2024JP¥17.9tJP¥23.7tJP¥954.3b15x18.8x0.8x
Wed, 23 Oct 2024JP¥17.9tJP¥23.5tJP¥963.4b16x18.5x0.8x
Fri, 20 Sep 2024JP¥17.7tJP¥23.5tJP¥967.8b16.4x18.3x0.8x
Sun, 18 Aug 2024JP¥17.6tJP¥23.5tJP¥971.7b15.7x18.1x0.7x
Tue, 16 Jul 2024JP¥18.7tJP¥23.2tJP¥975.8b16.3x19.1x0.8x
Thu, 13 Jun 2024JP¥18.0tJP¥23.2tJP¥973.7b16x18.5x0.8x
Sat, 11 May 2024JP¥18.3tJP¥23.0tJP¥978.8b16.8x18.7x0.8x
Mon, 08 Apr 2024JP¥18.1tJP¥22.9tJP¥965.6b17x18.8x0.8x
Wed, 06 Mar 2024JP¥18.2tJP¥22.9tJP¥960.0b17.7x18.9x0.8x
Fri, 02 Feb 2024JP¥18.5tJP¥22.7tJP¥900.6b18.7x20.5x0.8x
Sun, 31 Dec 2023JP¥17.4tJP¥22.7tJP¥901.6b17.6x19.3x0.8x
Tue, 28 Nov 2023JP¥17.8tJP¥22.7tJP¥901.2b17.8x19.8x0.8x
Thu, 26 Oct 2023JP¥17.0tJP¥22.5tJP¥799.1b20.2x21.2x0.8x
Sat, 23 Sep 2023JP¥17.3tJP¥22.4tJP¥793.3b20.8x21.8x0.8x
Mon, 21 Aug 2023JP¥16.9tJP¥22.4tJP¥790.6b19x21.3x0.8x
Wed, 19 Jul 2023JP¥16.5tJP¥22.0tJP¥692.6b20.5x23.8x0.7x
Price to Earnings Ratio

23.8x


Total Market Cap: JP¥16.5tTotal Earnings: JP¥692.6bTotal Revenue: JP¥22.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Food Industry Price to Earnings3Y Average 19.4x202420252026
Current Industry PE
  • Investors are relatively neutral on the Japanese Food industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 19.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.76x.
Past Earnings Growth
  • The earnings for companies in the Food industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 4.5% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Japanese Consumer Staples industry?

JP Market-0.89%
Consumer Staples-0.75%
Food-2.08%
Agricultural Products2.30%
Packaged Foods and Meats-2.15%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry, which is trading close to its 3-year average PE ratio of 19.6x.
    • Analysts are expecting annual earnings growth of 7.0%, which is lower than the prior year's growth of 9.6% per year.
  • Investors are most pessimistic about the Agricultural Products industry, which is trading below its 3-year average of 16.1x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 7.0% over the next 5 years.
  • However this is lower than its past earnings growth rate of 9.6% per year.
  • In contrast, the Agricultural Products industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
2222 Kotobuki SpiritsJP¥2.61k2.5%
+JP¥9.8b		26.0%PE32.1x
2805 S&B FoodsJP¥5.81k7.0%
+JP¥9.2b		83.9%PE16.7x
2296 Itoham Yonekyu HoldingsJP¥4.82k2.1%
+JP¥5.7b		-3.5%PE13.5x
1377 Sakata SeedJP¥4.29k3.0%
+JP¥5.3b		22.7%PE17.1x
2282 NH FoodsJP¥6.17k0.8%
+JP¥4.6b		26.1%PE16.5x

Latest News

2222
JP¥2,608.50
Kotobuki Spirits
7D
2.5%
1Y
26.0%
2802
JP¥5,731.00
Ajinomoto
7D
-7.1%
1Y
47.4%
Narrative Update • Jul 08

2802: Higher P E And Semiconductor Pricing Power Will Still Pressure Margins

Ajinomoto's analyst price target has moved higher to ¥6,700, reflecting updated views on fair value and P/E assumptions as analysts point to potential margin benefits from raw material related price increases on its key semiconductor input materials. What's in the News Ajinomoto completed a share repurchase program announced on November 6, 2025, buying back a total of 11,951,600 shares, or 1.24% of shares, for ¥49,368.79 million through June 30, 2026, source: company buyback tranche update.
2897
JP¥2,794.50
Nissin Foods HoldingsLtd
7D
-2.0%
1Y
-4.8%
2805
JP¥5,810.00
S&B Foods
7D
7.0%
1Y
83.9%
2264
JP¥1,258.00
Morinaga Milk Industry
7D
-3.3%
1Y
53.1%
2282
JP¥6,166.00
NH Foods
7D
0.8%
1Y
26.1%
2001
JP¥2,810.00
Nippn
7D
1.6%
1Y
33.0%
2938
JP¥1,276.00
Okamura Foods
7D
5.4%
1Y
14.3%
2269
JP¥3,771.00
Meiji Holdings
7D
-1.2%
1Y
21.1%
Narrative Update • Jun 29

2269: Dividend Policy Changes And Medical Study Hype Will Likely Disappoint

The analyst fair value price target for Meiji Holdings has been updated from ¥3,100 to ¥3,300 as analysts now apply slightly higher revenue growth and profit margin assumptions, along with a modestly higher discount rate and a lower future P/E multiple. What's in the News Meiji Holdings plans a board meeting on May 21, 2026 to consider a notice concerning surplus dividends.
2004
JP¥3,485.00
Showa Sangyo
7D
3.3%
1Y
21.4%
2296
JP¥4,820.00
Itoham Yonekyu Holdings
7D
2.1%
1Y
-3.5%
2206
JP¥5,185.00
Ezaki Glico
7D
-3.3%
1Y
15.7%
2212
JP¥3,176.00
Yamazaki Baking
7D
-1.5%
1Y
3.9%
2801
JP¥1,619.00
Kikkoman
7D
-0.8%
1Y
26.0%
1377
JP¥4,290.00
Sakata Seed
7D
3.0%
1Y
22.7%
1332
JP¥1,262.50
Nissui
7D
-2.4%
1Y
46.5%