1. Japan Stocks

  2. •

    Consumer Defensive

  3. •

    Food Distribution
Nousouken Corporation

Nousouken Corporation

3541.T
Nousouken CorporationJP flagTokyo Stock Exchange
763.00
JPY
+1.00
- -
16.52BMarket Cap
Nousouken Corporation
3541.T
(Tokyo Stock Exchange)

Recent

price

763.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
49.95
65.16
79.21
110.06
136.24
165.34
218.96
237.75
260.42
328.01
- -
- -
Revenue per Share
2.94
5.86
4.05
-1.39
1.06
1.49
-13.09
-5.82
1.13
4.94
- -
- -
Basic EPS, GAAP
0.56
8.38
1.65
-5.92
-11.57
6.77
-25.05
1.48
4.44
-0.78
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
1.52
15.9
17.96
17.17
19.69
21.21
20.55
16.83
3.4
8.34
- -
- -
Book Value per Share
2.73
24.6
31.15
28.18
25.77
23.85
34.55
35.63
36.62
43.06
- -
- -
Tangible Book Value per Share
18
18
21
21
21
21
22
22
22
22
- -
- -
Basic Weighted Avg Shares
884
1,195
1,660
2,310
2,852
3,473
4,738
5,193
5,735
7,223
8,359
5,553
Sales/Revenue/Turnover
5.05
13.12
7.9
-4.17
1.56
1.06
-4.09
-2.37
0.64
1.3
2.18
1.07
Operating Margin (%)
7
9
10
19
20
32
34
65
61
63
66
- -
Depreciation Expense
52
107
85
-29
22
31
-283
-127
25
109
11
80
Net Income, GAAP
- -
34.01
41.65
- -
49.39
32.7
- -
- -
16.75
- -
86.84
40.12
Effective Tax Rate (%)
5.89
8.99
5.11
-1.26
0.78
0.9
-5.98
-2.45
0.43
1.51
0.13
1.43
Profit Margin (%)
121
497
685
626
569
400
797
789
794
675
490
524
Working Capital
82
88
60
104
128
87
364
341
286
281
37
58
LT Debt
54
476
685
668
609
645
926
899
924
1,033
890
1,050
Total Equity
- -
24.93
10.53
- -
2.77
2.99
- -
- -
2.18
- -
1.81
- -
Return on Invested Capital (%)
- -
39.01
19.57
- -
5.5
5.3
- -
- -
4.14
- -
2.21
6.75
Return on Capital (%)
- -
67.5
25.41
-7.9
5.74
7.3
-63.63
-31.3
11.24
84.15
5.83
42.47
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
May'24
Aug'24
Feb'25
ST Debt
84
77
265
LT Borrowings
293
281
58
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
22
22
22
Market Capitalization
5,946
6,012
- -

Working Capital

FRC

•

in mil. unless spec.
May'24
Aug'24
Feb'25
Total Current Assets
2,157
2,011
2,074
Cash, Cash Equivalents & STI
1,073
779
968
Accounts Receivable, Net
1,034
1,192
1,018
Inventories
31
26
63
Total Current Liabilities
1,320
1,336
1,550
Payables & Accruals
- -
- -
- -
ST Debt
84
77
265
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
86.32%
8.28%
-13.84%
Free Cash Flow
-112.56%
-393.72%
-1,466.16%
Net Income, GAAP
-111.64%
-186.45%
-89.86%
Sales/Revenue/Turnover
25.66%
19.62%
15.71%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1,421
1,349
1,452
1,513
5,735
2024
1,671
1,820
1,802
1,931
7,223
2025
- -
- -
- -
- -
8,359

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1.77
- -
- -
- -
1.13
2024
1.32
- -
- -
- -
4.94
2025
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
Similar Companies
Lykis Limited (LYKISLTD.BO)
The SPAR Group Ltd (SGPPY)
Mitsubishi Shokuhin Co., Ltd. (7451.T)
Cool Link (Holdings) Limited (8491.HK)
Tohto Suisan Co., Ltd. (8038.T)
Modern Dairies Limited (MODAIRY.BO)
Business
Nousouken Corporation (TSE: 3541), operating as Agriculture Research Institute, engages primarily in the farmer's direct sales office business, providing a distribution platform that connects agricultural producers with supermarkets and retailers across Japan. The company operates through core segments including Farmers' Direct Sales, which delivers fresh produce collected at nationwide transshipment terminals to in-store direct sales displays via consignment sales, outright purchase, and wholesale systems; and Direct Wholesale, where it purchases products from producers, brands them, and supplies supermarkets. Its proprietary Nousouken System (farm-direct system) supports producers with cultivation management, sales assistance, shipment tracking, and consumer-facing mobile apps offering product details, producer stories, and recipes, emphasizing traceability, pesticide digital management, and shortest-path logistics for freshness. Founded in October 2007 and headquartered in Wakayama City, Japan, Nousouken maintains collection points, logistics centers, registered producers exceeding thousands, and partnerships with over 1,400 stores primarily in urban areas like Tokyo, Osaka, Nagoya, and expanding internationally in concept. Recent developments include the November 2025 launch of revenue-share sales for "mini hakusai" cabbage in Shizuoka involving producers, distributors, and retailers to promote sustainable agriculture; hosting of Producer Conventions 2025 across Kanto, Kansai, and Chubu regions including a November event in Nagano; strengthened rice collection and sales initiatives for faster, affordable consumer access; partnerships such as with Kubota and House Foods Group for new vegetable brands like "Vegetables You'll Want to Eat Tomorrow Again" and unique-standard produce distribution from Tokyo; record-high monthly distribution value surpassing 1.3 billion yen in its farmhouse direct sales business; and ongoing share repurchase programs alongside new shareholder benefits as of late 2025.[web:function:1][web:function:2]