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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 2020 JPYUSD
Revenue905,204M8,325.56M
Gross Profit118,069M1,085.93M
Operating income17,080M157.09M
Income before tax21,067M193.76M
Net income12,538M115.31M
EBITDA33,719M310.12M
Diluted EPS238.232.19
Dividends Per Share400.36
Total Assets528,063M4,891.51M
Total liabilities369,083M3,418.85M
Total equity132,628M1,228.54M
Operating cash flow39,444M362.78M
Currency in JPYCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 884,811M 873,295M 918,820M 922,468M 905,204M
Gross Profit 116,569M 126,341M 125,115M 123,850M 118,069M
Operating income 16,972M 26,308M 24,498M 21,759M 17,080M
Income before tax 12,433M 24,632M 26,711M 26,547M 21,067M
Net income 4,097M 15,446M 16,102M 16,696M 12,538M
EBITDA 59,126M 41,462M 40,368M 37,695M 33,719M
Diluted EPS 77.83 293.44 305.93 317.22 238.23
Dividends Per Share 30 45 40 40 40
Total Assets 485,973M 501,303M 516,607M 520,318M 528,063M
Total liabilities 380,307M 378,480M 376,556M 369,935M 369,083M
Total equity 85,197M 100,664M 115,460M 125,354M 132,628M
Operating cash flow 29,672M 25,843M 31,148M 16,366M 39,444M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 7,368.24M 8,064.59M 8,290.17M 8,318.41M 8,325.56M
Gross Profit 970.72M 1,166.71M 1,128.86M 1,116.82M 1,085.93M
Operating income 141.33M 242.94M 221.03M 196.21M 157.09M
Income before tax 103.53M 227.46M 241.00M 239.38M 193.76M
Net income 34.11M 142.63M 145.28M 150.55M 115.31M
EBITDA 492.37M 382.88M 364.22M 339.91M 310.12M
Diluted EPS 0.64 2.70 2.76 2.86 2.19
Dividends Per Share 0.24 0.41 0.36 0.36 0.36
Total Assets 4,323.79M 4,498.81M 4,857.61M 4,700.89M 4,891.51M
Total liabilities 3,383.66M 3,396.57M 3,540.72M 3,342.23M 3,418.85M
Total equity 758.01M 903.38M 1,085.66M 1,132.52M 1,228.54M
Operating cash flow 247.09M 238.65M 281.03M 147.58M 362.78M

Valuation Measures

Mar 2020
PER9.47
ROA2.39%
ROE9.72%
Operating margin1.88%
Profit margin1.38%

Key executives

  • President & Representative Director: Masaru Ikemi
  • Director & Senior Managing Executive Officer: Masayuki Nakajima
  • Director & Senior Managing Executive Officer: Osamu Momiyama
  • Director & Managing Executive Officer: Shinichiro Takeda
  • Director & Senior Managing Executive Officer: Sadahiko Hanzawa

Shareholders

  • Daitoh Trading Co., Ltd. (9.8%)
  • Nomura Asset Management Co., Ltd. (5.4%)
  • 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. (1.9%)
  • The Vanguard Group, Inc. (1.9%)
  • 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.
  • 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.
  • Bloomage BioTechnology Corporation Ltd Class A
Last Updated on 27 Nov, 2020

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