Maruha Nichiro KK

1333

Equity

ISIN JP3876600002 / Valor 23845971

Tokyo Stock Exchange (2024-11-21)

JPY 3,055.00-0.13%

Maruha Nichiro KK
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About company

Maruha Nichiro KK is a prominent Japanese company specializing in the seafood industry, with a comprehensive portfolio that spans from fishing and aquaculture to food processing and distribution. The company is dedicated to sustainable practices, as evidenced by its MSC and ASC certifications, which ensure that its seafood products come from well-managed and responsible sources. Maruha Nichiro is also an active participant in the SeaBOS initiative, which promotes responsible ocean management on a global scale. Beyond seafood, the company is involved in the production and sale of a variety of food products, leveraging its extensive supply chain to deliver high-quality goods to consumers worldwide.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Revenue Growth

Maruha Nichiro KK reported a slight increase in net sales for the fiscal year ended March 2024, with figures rising from JPY 1,020.5 billion in March 2023 to JPY 1,030.7 billion in March 2024. This 1.0% year-on-year growth was primarily attributed to strong sales and effective price revisions within the Foodstuff Distribution Business Segment.

Operating Income Decline

Despite the positive performance in the Processed Foods and Foodstuff Distribution Business Segments, Maruha Nichiro KK experienced a decline in operating income for the fiscal year ended March 2024. Operating income decreased from JPY 29.6 billion in March 2023 to JPY 26.5 billion in March 2024, largely due to a significant drop in the Marine Products Business Segment.

Challenges in Marine Products

The Marine Products Business Segment of Maruha Nichiro KK faced several challenges in the fiscal year ended March 2024, including reduced operations of fishing vessels and high fuel costs, which led to a decrease in catch volume. Additionally, the segment was impacted by declining sales prices for key products like Alaska pollock and imported marine species such as tuna and salmon.

Balance Sheet Strength

Maruha Nichiro KK's balance sheet showed an overall improvement by the end of March 2024. Total assets increased by JPY 30.2 billion, reaching JPY 667.4 billion, driven by higher trade notes and accounts receivable and an increase in investment securities. The equity ratio improved from 28.0% in March 2023 to 31.0% in March 2024, reflecting a stronger financial position.

Cash Flow Insights

The consolidated statements of cash flows for Maruha Nichiro KK indicated a robust cash flow from operating activities, which amounted to JPY 53.6 billion for the fiscal year ended March 2024. This was a significant improvement compared to the previous year, supported by an increase in net income before taxes and adjustments, and a decrease in inventories.

Summarized from source with an LLMView Source

Key figures

12.2%1Y

29.2%3Y

5.45%5Y

Performance

25.7%1Y

22.2%3Y

24.6%5Y

Volatility