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Consumer Non-Durables

Maruha Nichiro Corp.

Business Summary

Maruha Nichiro Corp. engages in the business of marine products, food processing, chemical foods, overseas joint ventures, fish breeding, livestock feedstuffs and others. It operates through the following segments: Fisheries and Aquaculture, Products, Overseas, Processed Foods, Logistics, and Others. The Fisheries and Aquaculture segment procures marine resources and handles fisheries and aquaculture. The Products segment sells seafood and livestock products. The Overseas segment processes marine materials to make frozen foods and canned foods at production bases in Thailand, China, and other countries and provides processed foods to the Japanese, American, European, and Asian markets. The Processed Foods segment manufactures and sells frozen and canned food, fish sausage, dried products, seasonings, pouch foods, dessert jellies,, fish sausage, and others. The Logistics segment handles transportation and storage of frozen goods. The Others segment includes feeds, shipping and real estate businesses. The company was founded on March 31, 1943 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2021 JPYUSD
Revenue862,585M8,133.18M
Gross Profit116,203M1,095.66M
Operating income16,209M152.83M
Income before tax10,561M99.57M
Net income5,779M54.48M
EBITDA33,377M314.70M
Diluted EPS109.791.03
Dividends Per Share400.37
Total Assets532,719M4,820.98M
Total liabilities365,720M3,309.68M
Total equity142,833M1,292.60M
Operating cash flow33,284M313.83M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 873,295M 918,820M 922,468M 905,204M 862,585M
Gross Profit 126,341M 125,115M 123,850M 118,069M 116,203M
Operating income 26,308M 24,498M 21,759M 17,080M 16,209M
Income before tax 24,632M 26,711M 26,547M 21,067M 10,561M
Net income 15,446M 16,102M 16,696M 12,538M 5,779M
EBITDA 41,462M 40,368M 37,695M 33,719M 33,377M
Diluted EPS 293.44 305.93 317.22 238.23 109.79
Dividends Per Share 45 40 40 40 40
Total Assets 501,303M 516,607M 520,318M 528,063M 532,719M
Total liabilities 378,480M 376,556M 369,935M 369,083M 365,720M
Total equity 100,664M 115,460M 125,354M 132,628M 142,833M
Operating cash flow 25,843M 31,148M 16,366M 39,444M 33,284M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 8,064.59M 8,290.17M 8,318.41M 8,325.56M 8,133.18M
Gross Profit 1,166.71M 1,128.86M 1,116.82M 1,085.93M 1,095.66M
Operating income 242.94M 221.03M 196.21M 157.09M 152.83M
Income before tax 227.46M 241.00M 239.38M 193.76M 99.57M
Net income 142.63M 145.28M 150.55M 115.31M 54.48M
EBITDA 382.88M 364.22M 339.91M 310.12M 314.70M
Diluted EPS 2.70 2.76 2.86 2.19 1.03
Dividends Per Share 0.41 0.36 0.36 0.36 0.37
Total Assets 4,498.81M 4,857.61M 4,700.89M 4,891.51M 4,820.98M
Total liabilities 3,396.57M 3,540.72M 3,342.23M 3,418.85M 3,309.68M
Total equity 903.38M 1,085.66M 1,132.52M 1,228.54M 1,292.60M
Operating cash flow 238.65M 281.03M 147.58M 362.78M 313.83M

Valuation Measures

Mar 2021
PER23.90
ROA1.08%
ROE4.19%
Operating margin1.87%
Profit margin0.66%

Key executives

  • President & Representative Director: Masaru Ikemi
  • Director & Senior Managing Executive Officer: Osamu Momiyama
  • Director & Managing Executive Officer: Shinichiro Takeda
  • Director & Senior Managing Executive Officer: Sadahiko Hanzawa
  • Manager-Legal Affairs: Yasushi Nakagawa

Shareholders

  • Daitoh Trading Co., Ltd. (9.8%)
  • Nomura Asset Management Co., Ltd. (6.4%)
  • Japan Agricultural Cooperatives Group (3.5%)
  • Asset Management One Co., Ltd. (3.3%)
  • Mizuho Financial Group, Inc. (3.0%)
  • Nikko Asset Management Co., Ltd. (2.3%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (2.2%)
  • Daiwa Asset Management Co. Ltd. (2.1%)
  • The Vanguard Group, Inc. (1.8%)
  • Tokio Marine Holdings, Inc. (1.7%)

Contact Details

Related Companies

  • Kushimoto Marinefarm Co. Ltd.
  • Maruha Nichiro Kitanippon, Inc.
  • Maruha Nichico Corp. (Dalian)
  • Maruha (Shanghai) Trading Corp.
  • Cixi Young-shin Foods Co. Ltd.
  • Yantai Riluda Foodstuffs Co. Ltd.
  • PT Alfa Kurnia Fish Enterprise
  • Taiyo Finance Europe Ltd.
  • Saigon Food JSC
  • Trans-Ocean Products, Inc.
  • Seafood Connection Holding BV
  • Daitoh Gyorui Co., Ltd.
  • Koh-Yo Marine Products Co., Ltd.
  • Alyeska Seafoods, Inc.
  • Taiyo Club Co., Ltd.
  • Taiyo A&F Co., Ltd.
  • Daito Gyorui Co., Ltd.

Competitors

  • Nichirei Corporation
  • Japan Tobacco Inc.
  • KIDO Group Corporation
Last Updated on 21 Oct, 2021

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