NISSIN FOODS HOLDINGS CO.,LTD.

Business Details

This is the domestic instant noodle business segment centered on Nissin Foods Holdings Co., Ltd. (Nissin Foods). It manufactures and sells cup noodles, bag noodles, and cup rice products, and holds flagship brands including Cup Noodle, Nissin Donbei, Nissin Yakisoba U.F.O., Chicken Ramen, and Demae Iccho. The main customer is Mitsubishi Shokuhin Co., Ltd. (equivalent to approximately 11.5% of the period's revenue, ¥90,768 million). It is the largest segment, accounting for approximately 30.7% of the Group's total revenue, and holds multiple No.1 brands in the domestic instant noodle market.

Recent Overview

Revenue increased but profit declined due to higher raw material and logistics costs. Cup rice products and new brands contributed to sales.

In the Nissin Foods segment for FY2026 (ending March 2026), revenue increased 1.3% year on year to ¥241,940 million. In cup noodles, the renewed "Cup Noodle BIG" series contributed, while in cup rice products, strong new product performance contributed. In bag noodles, the new "Nissin Shin Myon" series contributed for the first time. On the other hand, costs increased due to rising raw material and logistics costs, resulting in a decline in segment profit of ¥2,020 million year on year to ¥32,147 million. Core operating profit also declined 3.9% year on year to ¥32,596 million.

Key Products

Growth Drivers

• Sales expansion driven by stable demand for flagship brands such as Cup Noodle, Donbei, and U.F.O., along with new product launches (e.g., the renewed Cup Noodle BIG)
• Continued strong performance driven by new product launches in cup rice products (e.g., Nissin Curry Meshi)
• Expansion of the Kanzen Meshi brand (mid- to long-term nurturing in the new business area)
• Capturing new demand through the rollout of new brands such as Nissin Shin Myon
• Global demand for instant noodles reached a record high, and affordability and convenience were reappraised domestically as well

Risks

• Cost increase pressure from rising raw material prices (wheat flour, palm oil, etc.)
• Profit margin pressure from rising logistics costs
• Risk of demand slowdown due to increasing consumer thrift amid price inflation
• Sales concentration risk with the main customer, Mitsubishi Shokuhin Co., Ltd. (equivalent to approximately 11.5% of the period's revenue, ¥90,768 million)
• Risk of intensifying price competition with competitors and risk that new products fail to gain market traction
• Profit pressure from increased depreciation associated with expanded capital expenditures (¥23,376 million)