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Process Industries

Nichirei Corp.

Business Summary

Nichirei Corp. operates as a holding company that engages in food-related businesses. It operates through the following segments: Processed Foods, Marine Products, Meat and Poultry, Logistics, Real Estate, and Others. The Processed Foods segment provides processed and frozen food items. The Marine Products segment offers seafood products. The Meat and Poultry procures and processes livestock commodities. The Logistics segment supports food transport and storage. The Real Estate segment manages the development and sale of residential units of group-owned properties. The Others segment handles bioscience business, personnel related business, greening management, and cleaning related services. The company was founded on December 1, 1945 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2021 JPYUSD
Revenue572,757M5,400.44M
Gross Profit98,803M931.59M
Operating income32,950M310.68M
Income before tax31,603M297.98M
Net income21,212M200.00M
EBITDA52,866M498.46M
Diluted EPS159.181.50
Dividends Per Share500.47
Total Assets410,165M3,711.90M
Total liabilities199,734M1,807.54M
Total equity203,326M1,840.05M
Operating cash flow45,453M428.56M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 539,657M 568,032M 580,141M 584,858M 572,757M
Gross Profit 91,141M 92,838M 93,215M 99,074M 98,803M
Operating income 29,310M 29,898M 29,511M 31,036M 32,950M
Income before tax 27,818M 29,237M 29,540M 29,792M 31,603M
Net income 18,752M 19,097M 19,944M 19,610M 21,212M
EBITDA 45,559M 46,250M 47,190M 49,674M 52,866M
Diluted EPS 135.11 142.22 149.64 147.15 159.18
Dividends Per Share 28 30 32 42 50
Total Assets 346,195M 371,167M 380,941M 390,004M 410,165M
Total liabilities 181,443M 201,482M 197,133M 198,611M 199,734M
Total equity 159,141M 162,729M 176,820M 184,504M 203,326M
Operating cash flow 40,828M 29,859M 31,311M 39,441M 45,453M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 4,983.55M 5,125.14M 5,231.45M 5,379.20M 5,400.44M
Gross Profit 841.65M 837.64M 840.57M 911.22M 931.59M
Operating income 270.66M 269.75M 266.11M 285.45M 310.68M
Income before tax 256.89M 263.79M 266.37M 274.01M 297.98M
Net income 173.16M 172.30M 179.84M 180.36M 200.00M
EBITDA 420.72M 417.29M 425.53M 456.87M 498.46M
Diluted EPS 1.24 1.28 1.34 1.35 1.50
Dividends Per Share 0.25 0.27 0.28 0.38 0.47
Total Assets 3,106.83M 3,490.05M 3,441.66M 3,612.65M 3,711.90M
Total liabilities 1,628.31M 1,894.51M 1,781.02M 1,839.75M 1,807.54M
Total equity 1,428.17M 1,530.12M 1,597.50M 1,709.08M 1,840.05M
Operating cash flow 377.03M 269.40M 282.34M 362.75M 428.56M

Valuation Measures

Mar 2021
PER17.89
ROA5.30%
ROE10.93%
Operating margin5.75%
Profit margin3.70%

Key executives

  • President & Representative Director: Kenya Okushi
  • Director, Head-Legal Affairs & Public Relations: Takumi Taguchi
  • Director & Manager-Technology Strategy Planning: Junji Kawasaki
  • Director & Executive Officer: Yoshifumi Kaneko
  • Executive Officer & Manager-Administration: Tatsuo Udagawa

Shareholders

  • Nomura Asset Management Co., Ltd. (6.9%)
  • Nichirei Corp. (4.8%)
  • Nippon Life Insurance Co. (4.1%)
  • Asset Management One Co., Ltd. (4.0%)
  • Daiwa Asset Management Co. Ltd. (3.4%)
  • Nikko Asset Management Co., Ltd. (2.8%)
  • Mizuho Financial Group, Inc. (2.7%)
  • Mitsubishi UFJ Financial Group, Inc. (2.4%)
  • Mizuho Bank Pension Fund (1.9%)
  • Nisshin Seifun Group Inc. (1.9%)

Contact Details

  • Website:http://www.nichirei.co.jp
  • Address: Nichirei Higashi-Ginza Building, 6-19-20 Tsukiji, Tokyo, 104-8402, Japan
  • Phone: +81.3.3248.2101

Related Companies

  • Nichirei Restricted Stock Compensation Plan
  • menew KK
  • Ningbo Haitong Nichirei Foods Co. Ltd.
  • Rizhao Mei Leng Food Trading Co. Ltd.
  • Nichirei Suco Vietnam Co., Ltd.
  • Shandong Nichirei Foods Co. Ltd.
  • Nichirei Enterprise Management Consulting (Shanghai) Co. Ltd.
  • Nichirei Corporation Shanghai Ltd.
  • Nichirei Seafoods, Inc.
  • Entrepots Godfroy SAS
  • Nichirei Europe SA
  • Amazonas Industrias Alimenticias SA
  • Nichirei Carib Corp. NV
  • Nichirei do Brasil Agricola Ltda.
  • Eurofrigo Venlo BV
  • Nichirei Australia Pty Ltd.
  • Nichirei Fresh Farm, Inc.
  • Nichirei Proserve, Inc.
  • New Housing KK
  • Logistics Network KK
  • Nichirei Logistics Hokkaido KK
  • Nichirei Logistic Tokai Co. Ltd.
  • Logistics Planner, Inc.
  • Sapporo Nichirei Service KK
  • Nichirei Logistics Kansai KK
  • Nichirei ICE KK
  • Kyokurei Corp.
  • Nichirei Logistics Kyushu, Inc.
  • Osaka Nichirei Service KK
  • Kyurei KK

Competitors

  • Maruha Nichiro Corp.
  • Toyo Suisan Kaisha, Ltd.
  • Americold Realty Trust
  • Chilled & Frozen Logistics Holdings Co., Ltd.
  • Eimskipafelag Islands hf.
  • Yokohama Reito Co., Ltd.
  • Japan Tobacco Inc.
Last Updated on 22 Oct, 2021

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