Maruha Nichiro (1333) AI Stock Analysis

• Market Cap: $155.42B
• Dividend Yield: 3.55%
• Average Volume (3M): 176.36K
• Price to Earnings (P/E): 6.7
• Beta (1Y): 0.58
• Revenue Growth: 4.65%
• EPS Growth: 11.70%
• Country: JP
• Employees: 12,531
• Sector: Industrials
• Sector Strength: 93
• Industry: Agricultural Farm Products
• EPS (TTM): 0.52
• Shares Outstanding: 50,578,840
• 10 Day Avg. Volume: 141,170
• 30 Day Avg. Volume: 176,360
• PEG Ratio: 0.03
• Price to Book (P/B): 0.76
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 27.41
• 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: $3,362.32
• Price Target Upside: 8.39% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 75 Outperform
• Price Target: ¥3,440.00 ▲(10.90%Upside)

The overall score reflects strong financial performance and attractive valuation, with some technical stability. Key strengths are the high revenue and profit growth, efficient cash flow management, and attractive valuation metrics. The primary risk is the high level of debt, which requires careful management.

Maruha Nichiro Business Overview & Revenue Model

Company Description

Maruha Nichiro Corporation, a prominent player in the global seafood industry, is headquartered in Tokyo, Japan. The company operates across multiple sectors including fishing, aquaculture, food processing, and distribution. Maruha Nichiro offers a diverse range of products such as fresh and frozen seafood, canned and processed foods, and is also involved in the production of pet food and pharmaceutical ingredients. The company is committed to sustainable practices and innovation in food safety and quality, serving both domestic and international markets.

How the Company Makes Money

Maruha Nichiro generates revenue through a diversified business model primarily centered around its seafood and food processing operations. The company earns income by sourcing seafood through its fishing and aquaculture activities, which is then processed and distributed to wholesalers, retailers, and foodservice companies. It also capitalizes on its extensive product line, offering canned and frozen seafood, ready-to-eat meals, and value-added products. Additionally, Maruha Nichiro leverages strategic partnerships and collaborations to expand its market reach and enhance its product offerings. The company also engages in the production and sale of pet food and pharmaceutical ingredients, contributing to its overall revenue streams. Key factors influencing its earnings include global seafood demand, raw material prices, and adherence to sustainability standards.

Maruha Nichiro Financial Statement Overview

Summary

Maruha Nichiro exhibits strong financial performance, highlighted by robust revenue and profit growth, stable leverage, and efficient cash management. The primary concern is the high level of debt, which requires careful management to ensure long-term stability.

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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	1.07T	1.08T	1.03T	1.02T	866.70B	809.05B
Gross Profit	143.64B	145.60B	133.82B	135.25B	120.50B	108.54B
EBITDA	42.68B	65.11B	57.24B	50.52B	46.67B	29.20B
Net Income	21.66B	23.27B	20.85B	18.60B	16.90B	5.75B
Balance Sheet
Total Assets	723.92B	681.21B	671.80B	637.23B	532.72B	528.06B
Cash, Cash Equivalents and Short-Term Investments	45.70B	49.24B	37.94B	33.68B	31.58B	21.78B
Total Debt	304.49B	270.91B	284.35B	301.14B	259.84B	261.71B
Total Liabilities	456.59B	405.81B	426.32B	424.71B	365.72B	369.08B
Stockholders Equity	224.05B	229.57B	207.13B	178.31B	142.83B	132.63B
Cash Flow
Free Cash Flow	0.00	18.67B	35.18B	4.43B	10.59B	15.05B
Operating Cash Flow	0.00	37.68B	53.60B	19.25B	33.36B	39.18B
Investing Cash Flow	0.00	-4.54B	-18.93B	-10.26B	-12.00B	-22.45B
Financing Cash Flow	0.00	-25.20B	-32.94B	-17.20B	-10.81B	-7.13B

Maruha Nichiro Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3102.00
• 50DMA: Positive
• 100DMA: Negative
• 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 3102 is above the 20-day moving average (MA) of 3057.55, above the 50-day MA of 3043.07, and above the 200-day MA of 3036.27, indicating a bullish trend. The MACD of 6.10 indicates Negative momentum. The RSI at 60.11 is Neutral, neither overbought nor oversold. The STOCH value of 79.27 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
8041	80 Outperform	¥20.71B	4.45		2.48%	5.07%	24.88%
1333	75 Outperform	$155.42B	6.66	10.52%	3.55%	4.65%	11.70%
2292	70 Neutral	¥82.14B	20.19		3.40%	3.99%	-32.61%
2938	66 Neutral	¥55.39B	25.10		1.07%	13.62%	24.54%
2874	63 Neutral	¥61.48B	15.56		2.29%	1.11%	―
9955	61 Neutral	¥28.96B	20.43		0.84%	-0.54%	-13.51%
Sector *	58 Neutral	HK$14.89B	4.75	-2.78%	5.07%	3.80%	-54.55%

Maruha Nichiro Corporate Events

Maruha Nichiro and SENKO Group Forge Strategic Partnership

Maruha Nichiro Corporation has entered into a comprehensive business partnership with SENKO Group Holdings Co., Ltd., aiming to enhance corporate value through collaboration in logistics and non-logistics sectors. This strategic partnership seeks to integrate management resources to strengthen logistics sustainability and improve corporate value through co-creation in various fields, impacting stakeholders by fostering innovation and sustainable growth.

Maruha Nichiro Announces Strategic Amendments for Future Growth

Maruha Nichiro Corporation has announced a proposal for amendments to its Articles of Incorporation, including a change of its trade name to ‘Umios Corporation’ effective March 2026, relocation of its head office to Takanawa Gateway City in Tokyo, and a transition to a company with an Audit and Supervisory Committee. These changes are aimed at enhancing corporate governance, increasing operational efficiency, and ensuring sustainable growth, reflecting the company’s commitment to adapting to environmental changes and improving corporate value.

Maruha Nichiro Announces Progressive Dividend Policy

Maruha Nichiro Corporation has announced a change in its dividend policy to introduce progressive dividends, aiming to enhance and stabilize shareholder returns. This new policy, which will take effect from the fiscal year ending March 2026, is part of the company’s mid-term management plan ‘For the ocean, for life 2027,’ and reflects a commitment to maintaining or increasing dividends per share with a payout ratio of 30% or more.

Maruha Nichiro Reports Strong Financial Performance for FY2025

Maruha Nichiro reported its consolidated financial results for the fiscal year ended March 31, 2025, showing a 4.7% increase in net sales to ¥1,078,631 million, and a 14.5% rise in operating income to ¥30,381 million. The company also announced a significant increase in annual dividends per share from ¥85.00 to ¥110.00, reflecting its improved financial performance and commitment to returning value to shareholders. Despite a decrease in comprehensive income, the company’s equity-to-asset ratio improved to 33.7%, indicating a stronger financial position.

Maruha Nichiro Expands European Market Presence with Strategic Acquisitions

Maruha Nichiro Corporation has announced a strategic capital injection into its subsidiary, Maruha Nichiro Europe Holding B.V., and the acquisition of Van der Lee Seafish Beheer B.V. shares by its sub-subsidiary, Seafood Connection Holding B.V. This move aims to strengthen the company’s European market presence and enhance its value-added processing capabilities. By integrating VDL Group into its operations, Maruha Nichiro seeks to establish a vertically integrated supply chain, aligning with its mid-term management plan’s ‘Value Cycle’ and ‘Glocal Strategy’. This development is expected to enhance the company’s competitive positioning in the European seafood market.