KK Nisshin Seifun Group Honsha

2002

Equity

ISIN JP3676800000 / Valor 763138

Tokyo Stock Exchange (2024-11-21)

JPY 1,827.00-0.71%

KK Nisshin Seifun Group Honsha
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About company

Nisshin Seifun Group Inc., headquartered in Chiyoda-ku, Tokyo, Japan, is a diversified food manufacturing company with a significant presence both domestically and internationally. As a listed entity on the Nikkei 225, the company has established itself as a major player in the food industry. Nisshin Seifun's business operations encompass a wide range of food products, including but not limited to, flour milling, which has been its core business since inception, as well as the production of premixes and ingredients for both commercial and domestic use. The company's portfolio also extends into processed foods and health-oriented products, catering to a broad spectrum of consumer needs and preferences. With its global footprint, Nisshin Seifun not only serves the Japanese market but also has a significant presence in various international markets, leveraging its extensive experience and innovation in food manufacturing to meet diverse consumer demands across the globe.

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

Net Sales Growth

KK Nisshin Seifun Group Honsha reported consolidated net sales of ¥426,881 million for the second quarter of fiscal 2024, marking a 9.8% increase compared to the same period in the previous fiscal year. This growth was driven by the enactment of price revisions and a favorable business environment.

Operating Profit Surge

The company achieved an operating profit of ¥25,511 million in the second quarter of fiscal 2024, representing a significant 60.3% increase from the previous year. This surge in operating profit reflects the company's successful cost management and operational efficiencies.

Profit Attributable to Owners

KK Nisshin Seifun Group Honsha reported a profit attributable to owners of the parent of ¥18,446 million for the second quarter of fiscal 2024. This is a notable turnaround from the previous year's loss, indicating a strong recovery in the company's financial performance.

Dividend Increase

The company announced a revision to its dividend forecast, with a planned year-end dividend of ¥21.00 per share, up from the previous forecast. This brings the total annual dividend to ¥42.00 per share, reflecting the company's improved financial health and commitment to returning value to shareholders.

Positive Financial Outlook

For the full fiscal year ending March 31, 2024, KK Nisshin Seifun Group Honsha forecasts net sales of ¥850,000 million, a 6.4% increase from the previous year. The company also projects an operating profit of ¥46,000 million and a profit attributable to owners of the parent of ¥30,000 million, indicating a positive outlook for continued growth and profitability.

Summarized from source with an LLMView Source

Key figures

-11.8%1Y

6.72%3Y

-14.1%5Y

Performance

24.3%1Y

23.1%3Y

25.4%5Y

Volatility