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Japanese (NIKKEI) Food Industry Analysis

UpdatedAug 07, 2026
DataAggregated Company Financials
Companies125
  • 7D-0.8%
  • 3M6.0%
  • 1Y17.8%
  • YTD15.7%

Over the last 7 days, the Food industry has dropped 4.1%, driven by Toyo Suisan Kaisha declining 8.7%. Meanwhile, Ajinomoto actually outperformed within the industry, gaining 7.4% in the last week. In the past year, the industry has gained 16%. As for the next few years, earnings are expected to grow by 7.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 07 Aug 2026JP¥20.8tJP¥25.4tJP¥1.0t15.5x20x0.8x
Sun, 05 Jul 2026JP¥21.5tJP¥25.2tJP¥1.0t15.6x20.7x0.9x
Tue, 02 Jun 2026JP¥19.8tJP¥25.2tJP¥1.0t15.4x19.1x0.8x
Thu, 30 Apr 2026JP¥19.7tJP¥24.9tJP¥956.9b15.9x20.6x0.8x
Sat, 28 Mar 2026JP¥20.1tJP¥24.8tJP¥961.4b16.1x20.9x0.8x
Mon, 23 Feb 2026JP¥20.5tJP¥24.8tJP¥988.1b16.6x20.7x0.8x
Wed, 21 Jan 2026JP¥19.3tJP¥24.6tJP¥950.5b17.2x20.3x0.8x
Fri, 19 Dec 2025JP¥18.2tJP¥24.5tJP¥945.5b16.6x19.3x0.7x
Sun, 16 Nov 2025JP¥18.3tJP¥24.5tJP¥944.2b16.4x19.4x0.7x
Tue, 14 Oct 2025JP¥18.1tJP¥24.4tJP¥931.1b16.4x19.5x0.7x
Thu, 11 Sep 2025JP¥18.7tJP¥24.4tJP¥926.3b17x20.2x0.8x
Sat, 09 Aug 2025JP¥18.1tJP¥24.3tJP¥932.1b16.5x19.4x0.7x
Mon, 07 Jul 2025JP¥17.7tJP¥24.2tJP¥921.1b16.3x19.2x0.7x
Wed, 04 Jun 2025JP¥17.5tJP¥24.2tJP¥922.2b16.5x19x0.7x
Fri, 02 May 2025JP¥17.3tJP¥24.1tJP¥961.8b16.8x17.9x0.7x
Sun, 30 Mar 2025JP¥17.2tJP¥24.0tJP¥962.2b16.2x17.8x0.7x
Tue, 25 Feb 2025JP¥16.4tJP¥24.0tJP¥967.9b15.6x17x0.7x
Thu, 23 Jan 2025JP¥17.3tJP¥23.7tJP¥956.6b15.1x18.1x0.7x
Sat, 21 Dec 2024JP¥18.0tJP¥23.7tJP¥953.7b15.2x18.9x0.8x
Mon, 18 Nov 2024JP¥17.9tJP¥23.7tJP¥954.7b15.1x18.8x0.8x
Wed, 16 Oct 2024JP¥18.2tJP¥23.5tJP¥966.9b15.9x18.8x0.8x
Fri, 13 Sep 2024JP¥17.7tJP¥23.5tJP¥968.1b16x18.3x0.8x
Sun, 11 Aug 2024JP¥17.0tJP¥23.4tJP¥1.0t15.9x16.8x0.7x
Tue, 09 Jul 2024JP¥18.1tJP¥23.2tJP¥975.8b16.4x18.5x0.8x
Thu, 06 Jun 2024JP¥18.0tJP¥23.2tJP¥973.7b16x18.5x0.8x
Sat, 04 May 2024JP¥18.5tJP¥23.0tJP¥974.3b17x19x0.8x
Mon, 01 Apr 2024JP¥18.5tJP¥22.9tJP¥961.1b17.3x19.2x0.8x
Wed, 28 Feb 2024JP¥18.4tJP¥22.9tJP¥958.6b18.2x19.2x0.8x
Fri, 26 Jan 2024JP¥18.3tJP¥22.7tJP¥900.7b18.5x20.3x0.8x
Sun, 24 Dec 2023JP¥17.2tJP¥22.7tJP¥901.6b17.3x19.1x0.8x
Tue, 21 Nov 2023JP¥17.8tJP¥22.7tJP¥900.8b17.4x19.7x0.8x
Thu, 19 Oct 2023JP¥16.8tJP¥22.5tJP¥799.1b20.1x21.1x0.7x
Sat, 16 Sep 2023JP¥17.7tJP¥22.4tJP¥793.4b20.9x22.3x0.8x
Mon, 14 Aug 2023JP¥17.1tJP¥22.4tJP¥789.2b19.2x21.7x0.8x
Price to Earnings Ratio

21.7x


Total Market Cap: JP¥17.1tTotal Earnings: JP¥789.2bTotal Revenue: JP¥22.4tTotal 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 0.77x.
Past Earnings Growth
  • The earnings for companies in the Food industry have grown 9.3% per year over the last three years.
  • Revenues for these companies have grown 4.2% 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 Market2.77%
Consumer Staples-1.56%
Food-0.83%
Packaged Foods and Meats-0.80%
Agricultural Products-2.82%
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 19.5x.
    • Analysts are expecting annual earnings growth of 7.2%, which is lower than the prior year's growth of 10.5% per year.
  • Investors are most pessimistic about the Agricultural Products industry, which is trading below its 3-year average of 15.7x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 7.2% over the next 5 years.
  • However this is lower than its past earnings growth rate of 11% per year.
  • In contrast, the Agricultural Products industry is expected to see its earnings decline by 2.8% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
2802 AjinomotoJP¥5.20k7.4%
+JP¥340.8b		30.5%PE36.8x
2801 KikkomanJP¥1.77k2.9%
+JP¥46.9b		35.8%PE25.1x
2805 S&B FoodsJP¥6.90k17.5%
+JP¥24.9b		118.0%PE16.7x
2269 Meiji HoldingsJP¥4.01k1.6%
+JP¥17.3b		33.7%PE27x
2222 Kotobuki SpiritsJP¥2.63k3.6%
+JP¥14.1b		36.0%PE31.3x

Latest News

2801
JP¥1,770.00
Kikkoman
7D
2.9%
1Y
35.8%
2269
JP¥4,012.00
Meiji Holdings
7D
1.6%
1Y
33.7%
2206
JP¥4,889.00
Ezaki Glico
7D
-6.3%
1Y
-0.3%
4404
JP¥2,184.00
Miyoshi Oil & Fat
7D
13.0%
1Y
7.8%
2802
JP¥5,196.00
Ajinomoto
7D
7.4%
1Y
30.5%
Narrative Update • Aug 06

2802: Semiconductor Materials And ASV Initiatives Will Support Balanced Future Outlook

Analysts have lifted their fair value estimate for Ajinomoto from ¥4,932 to ¥5,889, citing updated assumptions on revenue growth, profit margins and future P/E in light of recent research that highlights potential for improved margins from raw material related price increases on its flagship semiconductor input material. What’s in the News for Ajinomoto Ajinomoto has a Board Meeting scheduled for July 30, 2026 to consider disposal of treasury shares in connection with the continuation of the Medium term Stock based Incentives program for Executive Officers.
2222
JP¥2,630.00
Kotobuki Spirits
7D
3.6%
1Y
36.0%
Analysis Article • Aug 05

Kotobuki Spirits Co., Ltd. (TSE:2222) Just Released Its First-Quarter Results And Analysts Are Updating Their Estimates

Kotobuki Spirits Co., Ltd. ( TSE:2222 ) last week reported its latest first-quarter results, which makes it a good time...
2282
JP¥5,998.00
NH Foods
7D
-8.8%
1Y
12.7%
Analysis Article • Aug 05

NH Foods Ltd. Beat Revenue Forecasts By 5.4%: Here's What Analysts Are Forecasting Next

It's been a sad week for NH Foods Ltd. ( TSE:2282 ), who've watched their investment drop 12% to JP¥5,860 in the week...
2810
JP¥3,700.00
House Foods Group
7D
-7.8%
1Y
31.0%
2897
JP¥2,884.50
Nissin Foods HoldingsLtd
7D
-5.4%
1Y
3.6%
2875
JP¥10,365.00
Toyo Suisan Kaisha
7D
-8.7%
1Y
4.7%
Analysis Article • Aug 04

Toyo Suisan Kaisha, Ltd. Just Beat EPS By 19%: Here's What Analysts Think Will Happen Next

There's been a notable change in appetite for Toyo Suisan Kaisha, Ltd. ( TSE:2875 ) shares in the week since its...
2229
JP¥2,928.00
Calbee
7D
-6.1%
1Y
7.9%
Analysis Article • Aug 03

Calbee, Inc. (TSE:2229) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

The first-quarter results for Calbee, Inc. ( TSE:2229 ) were released last week, making it a good time to revisit its...
2805
JP¥6,900.00
S&B Foods
7D
17.5%
1Y
118.0%
2871
JP¥2,206.50
Nichirei
7D
-4.5%
1Y
32.1%
2002
JP¥1,966.00
Nisshin Seifun Group
7D
-7.0%
1Y
11.1%
2936
JP¥275.00
BASE FOOD
7D
7.4%
1Y
-46.2%
2938
JP¥1,273.00
Okamura Foods
7D
2.6%
1Y
-0.8%