ENVALITH
デリカフーズホールディングス株式会社 logo

DELICA FOODS HOLDINGS CO., LTD.

3392Standard MarketWholesale Trade

デリカフーズホールディングス株式会社 logo
DELICA FOODS HOLDINGS CO., LTD.3392

Fruits & Vegetables Business

Core business handling processed fruit and vegetable distribution for the food service and prepared foods industries, accounting for approximately 98% of Group sales.

PeriodCurrentPreviousChange
Segment sales (external customers + internal, full year FY2026 (ending March 2026))¥60,977 million¥57,843 million
Segment profit (ordinary income basis, full year FY2026 (ending March 2026))¥2,034 million¥827 million
Segment assets (end of FY2026 (ending March 2026))¥26,179 million¥23,964 million
Depreciation and amortization (full year FY2026 (ending March 2026))¥1,097 million¥1,030 million
Increase in tangible and intangible fixed assets (capital expenditure, full year FY2026 (ending March 2026))¥971 million¥838 million

Business Details

Centered on Delica Foods Co., Ltd., this segment sells Whole Vegetables and manufactures and sells Cut Vegetables & Vacuum-Heated Vegetables and Meal Kits for the food service and prepared foods (nakashoku) industries. It provides a one-stop delivery service for vegetables and daily delivery products leveraging a nationwide chilled logistics network. The segment is also focused on the BtoC business (meal kits for general consumers) through Rakusai Co., Ltd. Upstream supply chain capabilities have also been strengthened through the newly consolidated agricultural corporation Delica Farm Co., Ltd.

Recent Overview

The centralized headquarters procurement system contributed to stabilizing procurement costs, driving a substantial profit increase of 145.8% year on year.

In FY2026 (ending March 2026), Fruits & Vegetables Business segment sales reached a record ¥60,977 million (up 5.4% year on year), and segment profit (ordinary income) reached a record ¥2,034 million (up ¥1,206 million, or 145.8%, year on year). The centralized headquarters procurement system introduced this fiscal year contributed to stringent management of procurement costs and inventory and reduced disposal losses, while optimization of staffing and logistics also contributed to more efficient field operations. Although some items were affected by price surges due to extreme heat, the impact was appropriately managed.

Key Products

product
Whole Vegetables

Supplies fresh Whole Vegetables to restaurant chains and prepared foods operators. Segment sales for FY2026 (ending March 2026) were ¥24,529 million (up 3.6% year on year), accounting for 39.4% of total sales.

product
Cut Vegetables & Vacuum-Heated Vegetables

The mainstay product capturing labor-saving demand in the food service and prepared foods industries amid labor shortages. Segment sales for FY2026 (ending March 2026) were ¥27,211 million (up 7.9% year on year), accounting for 43.7% of total sales, making it the largest product category.

product
Meal Kit

Meal Kits manufactured and sold by Rakusai Co., Ltd. for general consumers. Continuously being strengthened as part of measures to expand the BtoC business.

service
Daily Delivery Products Simultaneous Delivery Service

A service that reduces customers' ordering and logistics costs by simultaneously delivering vegetables and daily delivery products, leveraging a chilled logistics network spanning 11 locations nationwide. Provided in cooperation with the in-group logistics subsidiary FS Logistics Co., Ltd.

Growth Drivers

  • Steady growth in food service demand and increased transaction volume driven by expanding inbound consumption
  • Rising demand for labor-saving commercial-use Cut Vegetables & Vacuum-Heated Vegetables amid labor shortages
  • Strengthened procurement cost management and reduced disposal losses through the established centralized headquarters procurement system
  • Expansion of the customer base (optimizing the balance of business types and developing new customers)
  • Expansion of the BtoC business (Meal Kits) centered on Rakusai Co., Ltd.
  • Strengthened upstream supply chain through the newly consolidated agricultural corporation Delica Farm Co., Ltd.

Risks

  • Risk of sharp increases in vegetable procurement prices due to unusual weather and climate change (price surges occurred for some items due to extreme heat in FY2026 (ending March 2026) as well)
  • High dependence on imported vegetables, creating risk of rising procurement costs due to yen depreciation and geopolitical risk
  • Risk of demand slowdown as chronic labor shortages and rising prices in the food service industry heighten consumer thrift consciousness
  • Risk of profit pressure from continued increases in labor and logistics costs
  • Risk from regulatory and policy changes, including trends in review of the consumption tax rate on foodstuffs

Last updated: June 25, 2026