Nippon Suisan Kaisha (1332) AI Stock Analysis

• Market Cap: ¥482.11B
• Dividend Yield: 2.56%
• Average Volume (3M): 1.47M
• Price to Earnings (P/E): 16.9
• Beta (1Y): 0.59
• Revenue Growth: 3.87%
• EPS Growth: 29.64%
• Country: JP
• Employees: 10,104
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 26.52
• Shares Outstanding: 312,430,270
• 10 Day Avg. Volume: 1,998,880
• 30 Day Avg. Volume: 1,471,203
• PEG Ratio: 1.70
• Price to Book (P/B): 1.01
• Price to Sales (P/S): 0.32
• P/FCF Ratio: 26.63
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 86.66
• Revenue Forecast (FY): ¥916.83B

• Rating: 76 Outperform
• Price Target: ¥1,750.00 ▲(53.51% Upside)
• Action: Reiterated Date: 11/18/25
• Date: Action: Reiterated 11/18/25

Nippon Suisan Kaisha's stock is supported by strong technical indicators and a fair valuation, contributing to a positive outlook. While financial performance shows potential, improvements in cash flow management are necessary. The absence of earnings call and corporate events data limits further insights.

Positive Factors

Vertical integration & supply-chain control

Nissui's end-to-end presence—from catch and aquaculture through processing, cold storage and distribution—creates a durable competitive advantage. This structural integration secures raw-material access, quality control and logistics efficiency, supporting margin resilience and consistent supply over months.

Diversified revenue mix with steady growth

A diversified mix across marine products, aquaculture, processed foods and trading lowers single-market dependence and supports repeatable sales. Combined with a 6.6% TTM revenue rise and stable gross margins, this structural diversification sustains revenue visibility and reduces cyclicality over a multi-month horizon.

Moderate leverage and solid equity base

A debt-to-equity around 0.78 and a 43.6% equity ratio indicate a balanced capital structure that supports operational stability. ROE near 9.2% shows the business generates reasonable returns on equity, providing capacity to invest and weather seasonal variations without excessive refinancing risk.

Negative Factors

Weakening free cash flow generation

A marked decline in free cash flow and an FCF-to-net-income ratio of 0.42 signal that accounting earnings are not fully converting to spendable cash. Over several months this constrains capex flexibility, dividend funding, and debt reduction, increasing sensitivity to operational setbacks or investment demands.

Thin net profitability

Despite healthy gross and operating margins, a 2.9% net margin leaves limited room to absorb inflationary cost shocks or adverse commodity swings. Structurally low net profitability reduces retained earnings and limits capacity to fund strategic initiatives or build reserves over the medium term.

High total liabilities relative to assets

The balance sheet note on elevated liabilities relative to assets indicates potential leverage concentration. Coupled with weakening FCF, this structural liability profile could constrain financial flexibility, increase refinancing risk and amplify downside in prolonged industry stress or poor harvest periods.

Nippon Suisan Kaisha Business Overview & Revenue Model

Company Description

Nippon Suisan Kaisha, Ltd. engages marine, food products, fine chemicals, distribution, and marine-related/engineering businesses in Japan and internationally. The company engages in the provision of salmon, Alaska pollock, yellowtail, shrimp, tuna, crab, and yellowtail products, as well as fish feed, oil, and meal products. It also produces and sells frozen foods for household and food service use, shelf-stable foods, and fish sausage and surimi-based products, as well as chilled foods. In addition, the company produces and supplies fine chemical products, such as eicosapentaenoic acid (EPA) for pharmaceuticals; and ingredients for functional foods, health products, supplements, and other health-related foods that contain EPA. Further, it is involved in integrated logistics service business; and building, repairing, and operating ships. The company was founded in 1911 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Nippon Suisan Kaisha generates revenue primarily through the sale of seafood products and processed foods. Its key revenue streams include fresh and frozen fish, seafood-based processed foods, and commercial food products supplied to restaurants and retailers. The company benefits from strategic partnerships with fishing companies, food distributors, and retail chains, enhancing its market reach. Additionally, Nippon Suisan Kaisha engages in international trade, exporting its products to various countries, which contributes significantly to its earnings. The company also invests in technology and sustainable practices, which help in reducing costs and improving efficiency, further bolstering its financial performance.

Nippon Suisan Kaisha Financial Statement Overview

Summary

Nippon Suisan Kaisha demonstrates robust revenue growth and stable operational efficiency. Despite a healthy balance sheet with moderate leverage, potential risks from high liabilities exist. Cash flow management needs improvement, particularly in boosting free cash flow. The company shows potential for growth but should focus on enhancing profitability and cash flow stability.

Income Statement

Nippon Suisan Kaisha displays strong revenue growth with a TTM (Trailing-Twelve-Months) revenue increase of 6.6% compared to the prior year. Gross profit and net profit margins are stable at 15.5% and 2.9% respectively, indicating efficient cost management. EBIT and EBITDA margins are healthy, reflecting effective operational control. However, the net profit margin is relatively low, suggesting room for profitability improvement.

Balance Sheet

The company's debt-to-equity ratio stands at 0.78, suggesting moderate leverage. The return on equity (ROE) is 9.2%, indicating reasonable returns for shareholders. The equity ratio of 43.6% reflects a solid equity base, providing stability. However, high total liabilities in relation to assets point to potential risk if not managed carefully.

Cash Flow

Free cash flow has decreased substantially in the latest period, with a decline in operating cash flow. The operating cash flow to net income ratio is 1.6, reflecting good cash generation. However, the free cash flow to net income ratio is only 0.42, indicating limited free cash flow relative to net income. The declining free cash flow growth rate raises concerns about future liquidity.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	890.97B	886.13B	831.38B	768.18B	693.68B	656.49B
Gross Profit	138.79B	136.93B	125.64B	116.05B	111.08B	127.18B
EBITDA	61.13B	65.11B	60.64B	51.64B	48.29B	43.67B
Net Income	26.60B	25.38B	23.85B	21.23B	17.27B	14.39B
Balance Sheet
Total Assets	635.51B	634.88B	606.38B	549.01B	505.73B	475.42B
Cash, Cash Equivalents and Short-Term Investments	13.63B	14.71B	16.66B	10.38B	13.84B	10.99B
Total Debt	219.85B	215.27B	212.26B	211.15B	182.08B	184.21B
Total Liabilities	355.45B	348.94B	349.08B	328.38B	297.13B	287.49B
Stockholders Equity	270.93B	277.04B	249.19B	216.84B	189.80B	169.57B
Cash Flow
Free Cash Flow	0.00	10.54B	28.23B	-19.38B	10.63B	21.68B
Operating Cash Flow	0.00	40.38B	54.49B	3.40B	29.12B	45.91B
Investing Cash Flow	0.00	-30.39B	-37.72B	-22.57B	-17.26B	-18.02B
Financing Cash Flow	0.00	-11.45B	-12.39B	17.41B	-11.27B	-44.79B

Nippon Suisan Kaisha Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1140.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1332, the sentiment is Positive. The current price of 1140 is below the 20-day moving average (MA) of 1470.45, below the 50-day MA of 1298.43, and above the 200-day MA of 1069.97, indicating a bullish trend. The MACD of 64.03 indicates Positive momentum. The RSI at 73.09 is Negative, neither overbought nor oversold. The STOCH value of 63.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:1332.

Nippon Suisan Kaisha Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2875	76 Outperform	¥1.26T	18.99	13.26%	1.82%	3.64%	5.31%
1332	76 Outperform	¥482.11B	16.87	10.81%	2.56%	3.87%	29.64%
2871	72 Outperform	¥538.55B	20.47	9.86%	2.58%	1.08%	2.71%
1301	71 Outperform	¥64.78B	10.26	10.55%	2.68%	15.22%	4.80%
2282	63 Neutral	¥703.40B	22.54	6.04%	2.04%	5.55%	27.03%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
2802	61 Neutral	¥4.83T	62.42	9.46%	1.32%	1.99%	-18.79%

Nippon Suisan Kaisha Corporate Events

Nissui Transfers Salmon Aquaculture Trial to Subsidiary to Launch Full-Scale Operations

Nissui Corporation has approved an absorption-type company split under which it will transfer the rights, facilities, and obligations related to its salmon aquaculture commercialization trial in Rikuzentakata City, Iwate Prefecture, to its wholly owned subsidiary Yumigahama Suisan Kaisha, effective April 1, 2026. By consolidating these trial operations into the specialized aquaculture subsidiary, the company aims to smoothly transition to full-scale commercial production, expand output, and move the salmon farming business to profitability, without changes to Nissui’s capital structure or the need for shareholder approval, thereby streamlining governance while reinforcing its position in the aquaculture segment.

The most recent analyst rating on (JP:1332) stock is a Buy with a Yen1336.00 price target. To see the full list of analyst forecasts on Nippon Suisan Kaisha stock, see the JP:1332 Stock Forecast page.

Nissui Announces 2026 Leadership Overhaul as Chairman and CFO to Retire

Nissui Corporation has announced a leadership reshuffle, with Chairman of the Board and Representative Director Shingo Hamada set to retire as director at the close of the company’s 111th Ordinary General Shareholders’ Meeting on June 25, 2026, upon which he will also step down as representative director. The board has proposed several new director appointments effective the same date, including promoting Executive Officer Yoichiro Hiroi to Director, Executive Officer and Chief Financial Officer overseeing the Corporate Administration Group, and elevating Executive Officer Hiroshi Inoue to Director, Executive Officer and Chief Human Resource Officer with expanded oversight of risk management, general affairs, legal and ICT functions. In the food products division, Executive Officer Hirofumi Nakano is slated to become Director, Executive Officer and Food Products Business Operating Officer with responsibility for convenience store sales and joint responsibility for strategic product development, while outside director candidate Masahiko Ito, currently an outside director at Toagosei Co., Ltd., is also nominated. The proposed changes, which also include the retirement of Director and Senior Managing Executive Officer CFO Shinya Yamamoto, underscore a generational and functional realignment of Nissui’s top management, concentrating financial, HR and operational authority in newly promoted executives ahead of the June 2026 shareholders’ meeting, and signaling a refreshed governance and organizational structure for the next phase of the company’s growth.

The most recent analyst rating on (JP:1332) stock is a Buy with a Yen1336.00 price target. To see the full list of analyst forecasts on Nippon Suisan Kaisha stock, see the JP:1332 Stock Forecast page.

Nissui Completes Full Takeover of Chilean Salmon Producer Pesquera Yadran

Nissui Corporation has completed the acquisition, via its consolidated subsidiary Salmones Antartica S.A., of all shares in Chilean salmon producer PESQUERA YADRAN S.A., turning it into a wholly owned subsidiary as of January 15, 2026. The transaction also brings Cultivos Yadran S.A. and five other PY subsidiaries fully under Nissui’s control, significantly expanding the group’s salmon farming and processing footprint in Chile’s Los Lagos region. While PY and CY have recently posted volatile earnings, including losses in 2024, the deal consolidates Nissui’s position in the global salmon market by integrating production and sales capabilities across the entire value chain, with potential implications for strengthening supply stability and competitiveness in farmed salmon for Nissui and its stakeholders.

The most recent analyst rating on (JP:1332) stock is a Buy with a Yen1336.00 price target. To see the full list of analyst forecasts on Nippon Suisan Kaisha stock, see the JP:1332 Stock Forecast page.

Nissui Corporation Expands Aquaculture Business with Strategic Acquisition

Nissui Corporation has announced the acquisition of all shares of PESQUERA Y ADRAN S.A. through its subsidiary SALMONES ANTARTICA S.A., making it a wholly owned subsidiary. This strategic move is part of Nissui’s long-term vision to enhance its aquaculture business, particularly in the salmon farming sector, and expand its operations in Chile. The acquisition is expected to create synergies, improve operational efficiency, and strengthen Nissui’s market position in the global salmon industry.

The most recent analyst rating on (JP:1332) stock is a Buy with a Yen1360.00 price target. To see the full list of analyst forecasts on Nippon Suisan Kaisha stock, see the JP:1332 Stock Forecast page.