STI Foods Holdings,Inc.
2932・Standard Market・Foods
Food Manufacturing and Sales Business
Core business manufacturing and selling marine prepared foods and ingredients through a vertically integrated model
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (Q1 FY2026, ending December 2026) | ¥8,320 million | ¥8,561 million (Q1 FY2025, ending December 2025; company-wide figure as it was a single segment) | ↓ |
| Segment profit (Q1 FY2026, ending December 2026) | ¥668 million | – (not disclosed for the same period of the prior year, as it was a single segment) | — |
| Net sales (full year, prior year results) | ¥36,142 million (FY2025, ended December 2025) | – | — |
| Segment profit (full year, prior year results) | ¥3,080 million (FY2025, ended December 2025) | – | — |
| Depreciation (Q1 FY2026, ending December 2026) | ¥249 million (company-wide) | ¥241 million (Q1 FY2025, ending December 2025) | ↑ |
Business Details
Manufactures and sells grilled fish and other Daily Prepared Foods (Food) as well as Marine Food Ingredients (Ingredients), primarily for 7-Eleven. Building on marine raw materials procured domestically and internationally, the company has established a vertically integrated system covering everything from raw material procurement to manufacturing and sales. Stable supply is achieved through a system that includes manufacturing subsidiaries such as STI Foods Co., Ltd. (which absorbed STI Delica Co., Ltd. in January 2026) and overseas bases in the U.S. and Chile. The basic policy emphasizes health consciousness and a fish-culture-oriented approach to prepared foods (Nakashoku).
Recent Overview
Mainstay business net sales down 2.8% year on year due to soaring marine raw material prices, squeezing profit
In Q1 FY2026 (ending December 2026), the Food Manufacturing and Sales Business posted net sales of ¥8,320 million (down 2.8% year on year) and segment profit of ¥668 million. The business environment remained challenging as prices for marine raw materials such as mackerel, salmon, and octopus continued to rise. In response, the company is promoting the development of products using new fish species and specifications, as well as higher value-added products. In addition, effective January 1, 2026, STI Delica Co., Ltd. was absorbed into STI Foods Co., Ltd., streamlining the manufacturing and management structure.
Key Products
Growth Drivers
- Continued expansion of demand for Daily Prepared Foods linked to 7-Eleven's strategy to strengthen its food offerings
- Increasing demand for marine-ingredient-based prepared foods against the backdrop of health consciousness and growth in the prepared foods (Nakashoku) market
- Development and launch of new cost-competitive products adopting new fish species and specifications
- Promotion of quality manufacturing and repeat purchases through review of core product specifications and strengthened development capabilities
- Streamlining of manufacturing and management systems and reduction of duplicate costs through the absorption of STI Delica Co., Ltd. into STI Foods Co., Ltd. (January 2026)
Risks
- Rising manufacturing costs due to soaring prices of marine raw materials such as mackerel, driven mainly by increased international demand for marine products and yen depreciation
- Customer concentration risk due to high sales dependence on Seven-Eleven Japan Co., Ltd. (66.4% of net sales)
- Risk of declining sales volume associated with price increases
- Risk of rising cost ratio due to increased labor costs from minimum wage hikes and other factors
- Risk of difficulty procuring raw materials due to depletion of marine resources and tightening of fishing regulations
- Risk of continued high raw material and materials prices due to ongoing yen depreciation
Last updated: March 30, 2026