¥301 billion from keeping food cold: Nichirei's other core business.

¥716.1 billion in group sales

Food alone generated ¥426.7 billion

Alongside it is a second major business.

Temperature-controlled logistics generated ¥301.0 billion

The two operating-profit figures are almost the same

¥426.7bnFood sales

¥301.0bnLogistics sales

¥19.9bnFood operating profit

¥18.6bnLogistics operating profit

Processed foods contributed ¥334.2 billion

The logistics network also serves customers overseas.

Overseas logistics sales reached ¥92.6 billion

A ¥2.8 billion profit rise requires a qualification

The infrastructure behind those services is extensive.

Cold-store capacity: 2.59 million tonnes worldwide

There is more to logistics than storage space.

Providing an outside customer’s entire cold chain

Food manufacturing and third-party logistics share a history in preserving food at low temperatures.

The cooling business began alongside fisheries operations

Private Nippon Reizo emerged in 1945

Keeping food coldIce-making, cold storage and freezing by 1943

1. Make processed foodsRetail and foodservice frozen foods
2. Store food for customersRefrigerated warehouses and distribution hubs
3. Move it under temperature controlDelivery, sorting and third-party logistics
4. Extend logistics abroadEurope and other regional networks

This is a conceptual map, not a single line of technical descent. Food and logistics are distinct revenue and profit segments; logistics does not handle only Nichirei-manufactured products.

The transport network has roots decades before modern frozen-food distribution.

Refrigerated trucking in 1959; expansion into Europe in 1988

THE VIEW AFTER THE NUMBERS

What the numbers suggest

In the year ended March 2026, Nichirei reported ¥716.1bn in consolidated sales and ¥39.0bn in operating profit.

Food delivered ¥426.7bn in sales and ¥19.9bn in segment operating profit; alongside it, temperature-controlled logistics contributed ¥301.0bn and ¥18.6bn. Overseas logistics sales alone amounted to ¥92.6bn. The company’s separate 2025 guide lists 2.59 million tonnes of global cold-store capacity.

Depreciation-method changes influenced the logistics profit increase, so underlying growth should not be overstated. From the group’s original ice-making and storage businesses, two sizable and distinct operations have emerged: producing food and keeping other companies’ food moving through a cold chain.

Nichirei is both a maker of frozen foods and a provider of infrastructure for the wider food system.