Maruha Nichiro (1333) AI Stock Analysis

• Market Cap: ¥195.05B
• Dividend Yield: 2.84%
• Average Volume (3M): 155.10K
• Price to Earnings (P/E): 8.9
• Beta (1Y): 0.58
• Revenue Growth: 2.63%
• EPS Growth: -7.81%
• Country: JP
• Employees: 12,531
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Agricultural Farm Products
• EPS (TTM): 118.21
• Shares Outstanding: 50,578,840
• 10 Day Avg. Volume: 139,250
• 30 Day Avg. Volume: 155,100
• PEG Ratio: 0.60
• Price to Book (P/B): 0.72
• Price to Sales (P/S): 0.15
• P/FCF Ratio: 8.80
• 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: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 75 Outperform
• Price Target: ¥3,815.00 ▼(-1.47% Downside)

Maruha Nichiro's strong financial performance and attractive valuation are the primary drivers of its stock score. While technical indicators are neutral, the company's solid fundamentals and low valuation make it a compelling investment opportunity. The high debt level is a concern but is currently manageable.

Positive Factors

Revenue Growth

Consistent revenue growth reflects the company's ability to expand its market reach and product adoption, ensuring long-term business sustainability.

Cash Flow Generation

Strong cash flow generation indicates efficient cash management, providing the company with the flexibility to invest in growth opportunities and manage debt.

Profitability

Improved profitability margins suggest effective cost management and operational efficiency, contributing to the company's financial health and competitive position.

Negative Factors

High Debt Levels

High debt levels can strain financial resources and limit flexibility, posing a risk to long-term stability if not managed carefully.

Debt Management

While the equity base helps mitigate risk, the high debt level requires careful management to avoid potential financial distress.

Capital Expenditures

Inefficient capital expenditure management can impact free cash flow and limit the company's ability to invest in growth and innovation.

Maruha Nichiro Business Overview & Revenue Model

Company Description

Maruha Nichiro Corporation engages in the fishing, fish farming, food processing, trading, meat products, and distribution businesses in Japan and internationally. The company offers seafood products; and operates Bluefin tuna and other farms. It also provides frozen and processed food products, including canned, fish sausage, nursing care, supplement, cosmetic, institutional, pet, and space food products, as well as desserts and retort pouch foods. In addition, the company engages in the trade and supply of shrimps and octopus; production of beef, pork, chicken, and processed products; distribution of fish; and development of freezing technology for a network of cold storage businesses. Maruha Nichiro Corporation was founded in 1880 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Maruha Nichiro generates revenue primarily through the sale of its seafood products, which includes fresh and frozen fish, shellfish, and processed seafood items. The company also has a significant presence in the processed food sector, offering ready-to-eat meals and other food products. Key revenue streams come from both retail and wholesale channels, with partnerships established with major supermarkets, restaurants, and food service providers. Additionally, Maruha Nichiro invests in aquaculture and sustainable fishing practices, which helps secure a steady supply of raw materials while enhancing its reputation in the market. The company also explores opportunities in health food products, contributing to its diversification and overall earnings.

Maruha Nichiro Financial Statement Overview

Summary

Maruha Nichiro exhibits strong financial performance with robust revenue and profit growth, improved margins, and solid cash flow operations. However, the high debt level poses a potential risk that requires careful management.

Income Statement

Maruha Nichiro has demonstrated a strong revenue growth with consistent improvements in total revenue over the years, reaching JPY 1,078.63 billion in 2025 from JPY 809.05 billion in 2021. The gross profit margin has also improved, indicating better cost management. The net profit margin saw a healthy increase, highlighting enhanced profitability. EBIT and EBITDA margins have improved, showing strong operational performance. Overall, the income statement reflects robust growth and profitability trends.

Balance Sheet

The company's balance sheet shows a moderate debt-to-equity ratio, with total debt being high but manageable due to increasing stockholders' equity. The return on equity has improved over the years, suggesting efficient use of equity to generate profits. The equity ratio is stable, indicating a balanced approach to financing. However, the high level of debt remains a potential risk, which is partially offset by a strong equity base.

Cash Flow

Maruha Nichiro has shown strong cash flow generation capabilities, with operating cash flow consistently exceeding net income, indicating good cash management. Free cash flow has been positive and growing, though the free cash flow growth rate has fluctuated year over year. The company has maintained a healthy operating cash flow to net income ratio, reflecting efficient cash flow operations. Overall, cash flow metrics are solid, though there is room for improvement in managing capital expenditures.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.09T	1.08T	1.03T	1.02T	866.70B	809.05B
Gross Profit	148.44B	145.60B	133.82B	135.25B	120.50B	108.54B
EBITDA	66.68B	65.11B	57.24B	50.52B	46.67B	29.20B
Net Income	23.22B	23.26B	20.85B	18.60B	16.90B	5.75B
Balance Sheet
Total Assets	714.33B	681.21B	671.80B	637.23B	548.60B	532.72B
Cash, Cash Equivalents and Short-Term Investments	49.71B	49.24B	37.94B	33.68B	24.95B	31.58B
Total Debt	299.80B	270.91B	284.35B	301.14B	250.60B	259.84B
Total Liabilities	444.20B	405.82B	426.32B	424.71B	360.71B	365.72B
Stockholders Equity	226.53B	229.57B	207.13B	178.31B	160.17B	142.83B
Cash Flow
Free Cash Flow	0.00	18.67B	35.42B	-20.93B	4.76B	10.51B
Operating Cash Flow	0.00	37.68B	52.08B	-574.00M	19.58B	33.28B
Investing Cash Flow	0.00	-4.54B	-20.86B	-25.51B	-12.02B	-13.43B
Financing Cash Flow	0.00	-25.20B	-29.49B	32.49B	-15.77B	-9.30B

Maruha Nichiro Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3872.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1333, the sentiment is Positive. The current price of 3872 is above the 20-day moving average (MA) of 3773.50, above the 50-day MA of 3621.78, and above the 200-day MA of 3270.88, indicating a bullish trend. The MACD of 62.62 indicates Negative momentum. The RSI at 63.59 is Neutral, neither overbought nor oversold. The STOCH value of 77.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:1333.

Maruha Nichiro Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1333	75 Outperform	¥195.05B	8.87	9.42%	2.84%	2.63%	-7.81%
8041	72 Outperform	¥21.68B	4.31	―	2.46%	5.27%	9.51%
2292	70 Neutral	¥85.52B	15.29	―	3.59%	4.55%	79.33%
9955	65 Neutral	¥33.87B	10.11	―	0.72%	-2.02%	103.08%
2874	64 Neutral	¥75.72B	38.37	―	1.86%	4.41%	-41.71%
2938	63 Neutral	¥51.68B	26.03	―	0.34%	4.70%	-2.58%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%

Maruha Nichiro Corporate Events

Maruha Nichiro to Fully Acquire Seafood Connection Holding B.V.

Maruha Nichiro Corporation has announced its decision to acquire the remaining shares of Seafood Connection Holding B.V., making it a wholly owned subsidiary. This strategic move is part of the company’s efforts to strengthen its management structure and accelerate profit expansion in Europe, a key region in its overseas strategy. By fully integrating SCH, Maruha Nichiro aims to enhance its global earnings and work towards its long-term vision of increasing the overseas ordinary income ratio to 70%.

Maruha Nichiro Announces Shareholder Benefits Amidst Name Change

Maruha Nichiro Corporation announced a new shareholder benefits program to coincide with its upcoming name change to Umios Corporation in March 2026. This initiative, part of the Mid-Term Management Plan ‘For the ocean, for life 2027,’ aims to express gratitude to shareholders and promote broader ownership of the company’s shares. Eligible shareholders will receive benefits such as products from the company’s online shopping site or gift cards, with specifics subject to future updates. This program is part of the company’s broader corporate transformation efforts.

Maruha Nichiro Announces Stock Split and Dividend Revision

Maruha Nichiro Corporation announced a stock split to lower investment costs per trading unit, aiming to expand its investor base and enhance share liquidity. The company will also amend its Articles of Incorporation and revise its dividend forecast to reflect the stock split, with no substantive change in the total dividend amount.

Maruha Nichiro Reports Q2 Financial Results and Announces Share Split

Maruha Nichiro Corporation reported its consolidated financial results for the second quarter of the fiscal year ending March 31, 2026, showing a slight increase in net sales by 0.9% year-on-year to ¥536,697 million. Despite the rise in sales, the profit attributable to owners of the parent decreased by 9.8% to ¥12,455 million. The company announced a share split effective January 1, 2026, and adjusted its dividend forecast accordingly, reflecting strategic financial management to enhance shareholder value.