ITOHAM YONEKYU HOLDINGS KK

2296

Equity

ISIN JP3144500000 / Valor 30372420

Tokyo Stock Exchange (2024-11-21)

JPY 3,775.00-0.26%

ITOHAM YONEKYU HOLDINGS KK
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About company

Itoham Yonekyu Holdings KK, established on April 1, 2016, through the merger of Itoham Foods Inc. and Yonekyu Corporation, operates as a leading entity in the food industry. The company leverages the combined expertise and experience of its predecessor firms to enhance growth and deliver high-quality products and services. Itoham Yonekyu Holdings focuses on maintaining the strengths of both the Itoham and Yonekyu brands, ensuring the provision of safe and secure food products that meet customer demands. The company is committed to compliance and aims to increase corporate value by fostering a spirit of fairness and continuous improvement among its employees.

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

Revenue Growth

ITOHAM YONEKYU HOLDINGS KK reported a 3.6% increase in sales for FY2023, which ended on March 31, 2024. This growth was driven by higher meat prices and price revisions for processed foods.

Profit Stability

For FY2023, ITOHAM YONEKYU HOLDINGS KK's ordinary profit remained stable compared to the previous year. The company managed to offset increased costs through strategic price adjustments.

Processed Food Division Performance

The Processed Food Division of ITOHAM YONEKYU HOLDINGS KK saw a 4.0% increase in sales and a significant 76.7% rise in ordinary profit for FY2023. This was largely due to effective price revisions that covered high raw material costs.

Meat Division Challenges

In FY2023, the Meat Division of ITOHAM YONEKYU HOLDINGS KK experienced a 3.2% increase in sales. However, ordinary profit decreased by 17.7%, primarily due to lower export prices for beef in the Overseas business.

Dividend Increase

ITOHAM YONEKYU HOLDINGS KK announced plans to increase the annual dividend by 125 yen, a 5 yen year-over-year increase, resulting in a payout ratio of 45.7% for FY2023. The company also plans to further increase the annual dividend to 145 yen for FY2024.

Summarized from source with an LLMView Source

Key figures

-3.45%1Y

13.4%3Y

8.17%5Y

Performance

21.2%1Y

18.1%3Y

20.7%5Y

Volatility