AKIKAWA FOODS & FARMS CO., LTD.
1380・Standard Market・Fishery, Agriculture & Forestry
Production and Wholesale Business
Core business producing and selling chicken, frozen processed foods, etc. to cooperatives and home delivery companies
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (external customers) | ¥6,622 million | ¥6,265 million | ↑ |
| Segment profit (operating income, before goodwill amortization) | ¥558 million | ¥412 million | ↑ |
| Segment assets | ¥5,171 million | ¥5,225 million | ↓ |
| Depreciation and amortization | ¥407 million | ¥412 million | ↓ |
| Increase in property, plant and equipment and intangible assets | ¥262 million | ¥423 million | ↓ |
Business Details
This segment produces and sells chicken, frozen processed foods, eggs, milk, and other products, with direct-trade-style consumer cooperatives and home delivery companies as its main customers. It differentiates itself through safe food produced without reliance on pesticides or antibiotics, and its principal customers are Green Coop Federation of Consumers' Cooperatives and Seikatsu Club Consumers' Cooperative Union. Group-affiliated cooperating farms and subsidiaries handle integrated production, and the segment also includes the China chicken business through Akikawa Farm (Changzhou) Agriculture Co., Ltd., which was consolidated as a subsidiary in March 2024.
Recent Overview
Both net sales and profit rose substantially on strong frozen processed food sales and price revision effects
In the Production and Wholesale segment for FY2026 (ending March 2026), expanding demand for chicken and frozen processed foods amid consumers' growing thrift-consciousness combined with the effects of product price revisions to drive net sales of ¥6,622 million (up 5.7% year on year) and segment profit of ¥558 million (up 35.5% year on year), a substantial increase. Productivity improvements at frozen food plants and meat processing plants also contributed to the profit improvement. Meanwhile, the Chinese subsidiary (Akikawa Farm (Changzhou) Agriculture Co., Ltd.) recorded an impairment loss on fixed assets reflecting changes in the business environment.
Key Products
Growth Drivers
- Expansion of sales volume centered on frozen processed foods (increased demand in cooperative and home delivery channels)
- Improvement in net sales and profit margin from product price revisions (price increases)
- Promotion of productivity improvements, mechanization, and IT adoption at frozen food plants and meat processing plants
- Enhancement of added value through transformation of the frozen food product mix, including a shift toward molded/shaped products
- Expansion of sales channels and establishment of business foundation for the China chicken business through Akikawa Farm (Changzhou) Agriculture Co., Ltd.
- Deepening of direct-trade relationships with key customers (Green Coop and Seikatsu Club)
Risks
- Risk of raw material costs (feed, packaging materials, etc.) remaining elevated or rising further
- Profit pressure from continued increases in labor costs
- Risk of sluggish sales volume growth due to strengthening consumer thrift-consciousness
- Rising feed prices driven by yen depreciation (risk of fluctuation in subsidy income)
- Risks related to sales channel expansion, quality control, and impairment in the China business (Akikawa Farm (Changzhou) Agriculture Co., Ltd.)
- Rising procurement costs for packaging materials, etc. due to geopolitical risks such as the Middle East situation
Last updated: June 25, 2026