NittoBest Corporation【JP:2877】Stock Price

Nitto Best's primary business is the manufacturing and sales of processed foods and daily-use foods. Specifically, the company handles frozen foods, canned goods, and retort pouch foods, along with related ancillary operations.

In the frozen food business, Nitto Best handles manufacturing and sales, while Kansai Best Foods Co., Ltd., Kyushu Best Foods Co., Ltd., and Nitto Aliman Co., Ltd. manage manufacturing. This structure enables the company to offer a wide range of frozen food products.

The daily-use food business is operated by Soukentei Co., Ltd., which handles manufacturing and sales. Daily-use foods are products consumed regularly, and the company provides offerings that meet consumer needs.

In the canned goods business, Nitto Best manufactures and sells canned goods, retort pouch foods, and refrigerated foods. Nitto Aliman Co., Ltd. also handles manufacturing of retort pouch foods.

The overseas food business is conducted by JAPAN BEST FOODS COMPANY LIMITED, which manufactures and sells products in Vietnam. This operation supports the company's expansion into international markets and growth from a global perspective.

As other operations, Functional Peptide Research Institute Co., Ltd. conducts research on animal cell culture and manufactures and sells culture media and related systems. Through this division, the company aims to develop new markets leveraging advanced technology.

Nitto Best's fundamental business policy is to contribute to society in the food industry while enhancing corporate value, with a mission to provide consumers with comfortable eating experiences. Under the medium-term management plan "Reborn & Growing 2028" beginning in fiscal 2024, the company aims to achieve consolidated ordinary income of 2 billion yen or more by fiscal 2028, while strengthening business operations and improving productivity.

The company is reinforcing its system for supplying safe and reliable products and ensuring strict compliance, while focusing on research and development of new products. It is pursuing enhanced technological capabilities and quality improvements, restructuring its frozen food division, strengthening organizational capacity, improving employee satisfaction, and developing talent. The company is also working to ensure sustainability in response to changing market conditions.

The food industry is experiencing economic recovery driven by returning inbound demand and continued wage increases, but faces challenges including rising raw material costs, an aging and declining population, and intensifying competition. Nitto Best is responding to these environmental changes while promoting customer satisfaction and aiming to maintain and improve quality and ensure stable supply of safe products.