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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 2022 JPYUSD
Revenue866,702M7,712.74M
Gross Profit120,497M1,072.29M
Operating income23,820M211.97M
Income before tax27,518M244.88M
Net income16,899M150.38M
EBITDA41,570M369.92M
Diluted EPS321.122.85
Dividends Per Share550.48
Total Assets548,603M4,519.90M
Total liabilities360,705M2,971.82M
Total equity160,174M1,319.66M
Operating cash flow19,579M174.23M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 918,820M 922,468M 905,204M 809,050M 866,702M
Gross Profit 125,115M 123,850M 118,069M 108,545M 120,497M
Operating income 24,498M 21,759M 17,080M 16,173M 23,820M
Income before tax 26,711M 26,547M 21,067M 10,525M 27,518M
Net income 16,102M 16,696M 12,538M 5,753M 16,899M
EBITDA 40,368M 37,695M 33,719M 33,341M 41,570M
Diluted EPS 305.93 317.22 238.23 109.32 321.12
Dividends Per Share 40 40 40 40 55
Total Assets 516,607M 520,318M 528,063M 532,866M 548,603M
Total liabilities 376,556M 369,935M 369,083M 366,204M 360,705M
Total equity 115,460M 125,354M 132,628M 142,497M 160,174M
Operating cash flow 31,148M 16,366M 39,444M 33,284M 19,579M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 8,290.17M 8,318.41M 8,325.56M 7,628.41M 7,712.74M
Gross Profit 1,128.86M 1,116.82M 1,085.93M 1,023.45M 1,072.29M
Operating income 221.03M 196.21M 157.09M 152.49M 211.97M
Income before tax 241.00M 239.38M 193.76M 99.23M 244.88M
Net income 145.28M 150.55M 115.31M 54.24M 150.38M
EBITDA 364.22M 339.91M 310.12M 314.36M 369.92M
Diluted EPS 2.76 2.86 2.19 1.03 2.85
Dividends Per Share 0.36 0.36 0.36 0.37 0.48
Total Assets 4,857.61M 4,700.89M 4,891.51M 4,822.31M 4,519.90M
Total liabilities 3,540.72M 3,342.23M 3,418.85M 3,314.06M 2,971.82M
Total equity 1,085.66M 1,132.52M 1,228.54M 1,289.56M 1,319.66M
Operating cash flow 281.03M 147.58M 362.78M 313.83M 174.23M

Valuation Measures

Mar 2022
PER7.46
ROA3.12%
ROE11.16%
Operating margin2.74%
Profit margin1.94%

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. (9.7%)
  • Nomura Asset Management Co., Ltd. (4.2%)
  • Japan Agricultural Cooperatives Group (3.6%)
  • Mizuho Financial Group, Inc. (3.1%)
  • Dimensional Fund Advisors LP (2.7%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (2.6%)
  • Asset Management One Co., Ltd. (2.3%)
  • The Vanguard Group, Inc. (1.8%)
  • OUG Holdings, Inc. (1.6%)
  • Nikko Asset Management Co., Ltd. (1.6%)

Contact Details

Related Companies

  • Maruha Nichiro Board Incentive Plan
  • Ceebay Holdings Ltd.
  • Maruha Nichiro Europe Holding BV
  • Icicle Seafoods, Inc. /Alaska Pollack Operation/
  • Marine Access Corp.
  • Kushimoto Marinefarm Co. Ltd.
  • JPK Cold Storage Co. Ltd.
  • Maruha (N.Z.) Corp. Ltd.
  • Maruha Nichiro Kitanippon, Inc.
  • Maruha Nichico Corp. (Dalian)
  • Maruha (Shanghai) Trading Corp.
  • Cixi Young-shin Foods Co. Ltd.
  • Cixi Yongching Frozen Foods Co. Ltd.
  • Zhejiang Industrial Group Co. Ltd.
  • Yantai RiLuDa Foodstuffs Co. Ltd.
  • PT Alfa Kurnia Fish Enterprise
  • Yayoi Sunfoods Co., Ltd.
  • N&N Foods Co., Ltd.
  • Taiyo Finance Europe Ltd.
  • Saigon Food JSC
  • DaitoService Co., Ltd.
  • KF Foods Ltd.
  • Trans-Ocean Products, Inc.
  • Seafood Connection Holding BV
  • Southeast Asian Packaging & Canning Ltd.
  • Inlet Seafish SL
  • Daitoh Gyorui Co., Ltd.
  • Koh-Yo Marine Products Co., Ltd.
  • AIXIA Corp.
  • Alyeska Seafoods, Inc.

Competitors

  • Nichirei Corporation
  • Japan Tobacco Inc.
Last Updated on 26 Jan, 2023

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