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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 2022 JPYUSD
Revenue602,696M5,363.36M
Gross Profit102,245M909.87M
Operating income31,410M279.51M
Income before tax35,107M312.41M
Net income23,382M208.07M
EBITDA52,776M469.65M
Diluted EPS176.711.57
Dividends Per Share500.44
Total Assets431,775M3,557.36M
Total liabilities213,868M1,762.04M
Total equity211,170M1,739.81M
Operating cash flow34,660M308.43M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 568,032M 580,141M 584,858M 572,757M 602,696M
Gross Profit 92,838M 93,215M 99,074M 98,803M 102,245M
Operating income 29,898M 29,511M 31,036M 32,950M 31,410M
Income before tax 29,237M 29,540M 29,792M 31,603M 35,107M
Net income 19,097M 19,944M 19,610M 21,212M 23,382M
EBITDA 46,250M 47,190M 49,674M 52,866M 52,776M
Diluted EPS 142.22 149.64 147.15 159.18 176.71
Dividends Per Share 30 32 42 50 50
Total Assets 371,167M 380,941M 390,004M 410,165M 431,775M
Total liabilities 201,482M 197,133M 198,611M 199,734M 213,868M
Total equity 162,729M 176,820M 184,504M 203,326M 211,170M
Operating cash flow 29,859M 31,311M 39,441M 45,453M 34,660M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 5,125.14M 5,231.45M 5,379.20M 5,400.44M 5,363.36M
Gross Profit 837.64M 840.57M 911.22M 931.59M 909.87M
Operating income 269.75M 266.11M 285.45M 310.68M 279.51M
Income before tax 263.79M 266.37M 274.01M 297.98M 312.41M
Net income 172.30M 179.84M 180.36M 200.00M 208.07M
EBITDA 417.29M 425.53M 456.87M 498.46M 469.65M
Diluted EPS 1.28 1.34 1.35 1.50 1.57
Dividends Per Share 0.27 0.28 0.38 0.47 0.44
Total Assets 3,490.05M 3,441.66M 3,612.65M 3,711.90M 3,557.36M
Total liabilities 1,894.51M 1,781.02M 1,839.75M 1,807.54M 1,762.04M
Total equity 1,530.12M 1,597.50M 1,709.08M 1,840.05M 1,739.81M
Operating cash flow 269.40M 282.34M 362.75M 428.56M 308.43M

Valuation Measures

Mar 2022
PER13.40
ROA5.55%
ROE11.28%
Operating margin5.21%
Profit margin3.87%

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. (7.9%)
  • Nippon Life Insurance Co. (4.2%)
  • Daiwa Asset Management Co. Ltd. (3.6%)
  • Nichirei Corp. (3.3%)
  • Asset Management One Co., Ltd. (2.8%)
  • Mizuho Financial Group, Inc. (2.8%)
  • Nikko Asset Management Co., Ltd. (2.7%)
  • Mitsubishi UFJ Financial Group, Inc. (2.5%)
  • Nisshin Seifun Group, Inc. (2.0%)
  • Japan Agricultural Cooperatives Group (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, Inc.
  • YOKOREI CO. LTD.
  • Chilled & Frozen Logistics Holdings Co., Ltd.
  • Eimskipafelag Islands hf.
  • Japan Tobacco Inc.
Last Updated on 3 Oct, 2022

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