Recent Insider Transactions • Jun 18
Chairman & CEO recently bought HK$995k worth of stock On the 15th of June, Kiyotaka Ando bought around 135k shares on-market at roughly HK$7.39 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Kiyotaka has been a buyer over the last 12 months, purchasing a net total of HK$5.4m worth in shares. Announcement • Jun 05
Nissin Foods Company Limited Announces Board and Committee Changes, Effective July 1, 2026 Nissin Foods Company Limited announced that, with effect from July 1, 2026, Professor Lynne Yukie Nakano resigned as an Independent Non-executive Director and a member of each of the audit committee, remuneration committee and nomination committee in order to devote more time to her other commitments. Professor Nakano confirmed that she has no disagreement with the Board and there is no matter relating to her resignation that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and the shareholders of the Company. The Board announced that, with effect from 1 July 2026, Mr. Simon Nicholas Walton (Mr. Walton) shall be appointed as an Independent Non-executive Director. Mr. Simon Nicholas Walton, aged 63, was a former principal of Japanese International School, Hong Kong (International Section). From 2007 until his retirement in 2022, he led the International Section of the school and worked closely with the staff and management of the Japanese Section of the school. Mr. Walton started as a primary school teacher in the United Kingdom and enjoyed an accomplished education career spanning 38 years with an extensive background in teaching, curriculum development, training and management in various international schools in Hong Kong. He obtained a Bachelor of Education degree from University of Durham in July 1984 and a post-graduate diploma from University of Exeter in November 2000. Mr. Walton is supporting some local charitable organizations and also a trustee of Docking Playing Field Association. From July 12, 2021 to June 3, 2026, he served as a member of the advisory committee of Nissin Foods (Hong Kong) Charity Fund, an approved charitable organisation under section 88 of the Inland Revenue Ordinance (Chapter 112 of the Laws of Hong Kong) set up by the Company in September 2020. With effect from 1 July 2026, Professor Toshiaki Sakai shall be appointed as a member of the remuneration committee and Professor Keiko Ito shall be appointed as a member of each of the audit committee and nomination committee. Upcoming Dividend • Jun 02
Upcoming dividend of HK$0.16 per share Eligible shareholders must have bought the stock before 09 June 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Hong Kong dividend payers (6.9%). Lower than average of industry peers (5.7%). Reported Earnings • May 14
First quarter 2026 earnings released: EPS: HK$0.12 (vs HK$0.10 in 1Q 2025) First quarter 2026 results: EPS: HK$0.12 (up from HK$0.10 in 1Q 2025). Revenue: HK$1.12b (up 4.1% from 1Q 2025). Net income: HK$122.4m (up 11% from 1Q 2025). Profit margin: 11% (in line with 1Q 2025). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Food industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Apr 28
Nissin Foods Company Limited to Report Q1, 2026 Results on May 13, 2026 Nissin Foods Company Limited announced that they will report Q1, 2026 results at 9:30 AM, China Standard Time on May 13, 2026 Declared Dividend • Mar 28
Dividend of HK$0.16 announced Shareholders will receive a dividend of HK$0.16. Ex-date: 9th June 2026 Payment date: 25th June 2026 Dividend yield will be 2.2%, which is lower than the industry average of 5.7%. Payout Ratios Payout ratio: 53%. Cash payout ratio: 34%. Announcement • Mar 27
Nissin Foods Company Limited announces Annual dividend, payable on June 25, 2026 Nissin Foods Company Limited announced Annual dividend of HKD 0.1588 per share payable on June 25, 2026, ex-date on June 09, 2026 and record date on June 10, 2026. Reported Earnings • Mar 27
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: HK$0.32 (up from HK$0.19 in FY 2024). Revenue: HK$4.00b (up 5.0% from FY 2024). Net income: HK$331.4m (up 65% from FY 2024). Profit margin: 8.3% (up from 5.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) also missed analyst estimates by 4.5%. Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Food industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Mar 26
Nissin Foods Company Limited, Annual General Meeting, Jun 03, 2026 Nissin Foods Company Limited, Annual General Meeting, Jun 03, 2026. Buy Or Sell Opportunity • Mar 06
Now 20% undervalued Over the last 90 days, the stock has risen 7.1% to HK$7.44. The fair value is estimated to be HK$9.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 9.2% in 2 years. Earnings are forecast to grow by 46% in the next 2 years. Announcement • Mar 05
Nissin Foods Company Limited to Report Fiscal Year 2025 Results on Mar 26, 2026 Nissin Foods Company Limited announced that they will report fiscal year 2025 results on Mar 26, 2026 Recent Insider Transactions • Jan 28
Chairman & CEO recently bought HK$231k worth of stock On the 21st of January, Kiyotaka Ando bought around 33k shares on-market at roughly HK$7.00 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$626k. Kiyotaka has been a buyer over the last 12 months, purchasing a net total of HK$3.2m worth in shares. Buy Or Sell Opportunity • Jan 02
Now 25% undervalued The stock has been flat over the last 90 days, currently trading at HK$6.92. The fair value is estimated to be HK$9.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 9.2% in 2 years. Earnings are forecast to grow by 46% in the next 2 years. Buy Or Sell Opportunity • Nov 17
Now 17% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.7% to HK$6.74. The fair value is estimated to be HK$8.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 48% in the next 2 years. Recent Insider Transactions • Nov 17
Chairman & CEO recently bought HK$626k worth of stock On the 11th of November, Kiyotaka Ando bought around 92k shares on-market at roughly HK$6.80 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$995k. Kiyotaka has been a buyer over the last 12 months, purchasing a net total of HK$3.4m worth in shares. Reported Earnings • Nov 11
Third quarter 2025 earnings released: EPS: HK$0.097 (vs HK$0.015 in 3Q 2024) Third quarter 2025 results: EPS: HK$0.097 (up from HK$0.015 in 3Q 2024). Revenue: HK$1.05b (up 5.4% from 3Q 2024). Net income: HK$101.0m (up HK$85.3m from 3Q 2024). Profit margin: 9.6% (up from 1.6% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Food industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Price Target Changed • Oct 28
Price target increased by 8.5% to HK$7.35 Up from HK$6.77, the current price target is an average from 2 analysts. New target price is 13% above last closing price of HK$6.51. Stock is up 50% over the past year. The company is forecast to post earnings per share of HK$0.34 for next year compared to HK$0.19 last year. Announcement • Oct 27
Nissin Foods Company Limited to Report Nine Months, 2025 Results on Nov 10, 2025 Nissin Foods Company Limited announced that they will report nine months, 2025 results on Nov 10, 2025 Buy Or Sell Opportunity • Oct 23
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.7% to HK$6.18. The fair value is estimated to be HK$8.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 111% in the next 2 years. Reported Earnings • Sep 27
Second quarter 2025 earnings released: EPS: HK$0.045 (vs HK$0.049 in 2Q 2024) Second quarter 2025 results: EPS: HK$0.045 (down from HK$0.049 in 2Q 2024). Revenue: HK$942.3m (up 9.6% from 2Q 2024). Net income: HK$47.0m (down 8.8% from 2Q 2024). Profit margin: 5.0% (down from 6.0% in 2Q 2024). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Food industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Recent Insider Transactions • Sep 24
Chairman & CEO recently bought HK$995k worth of stock On the 22nd of September, Kiyotaka Ando bought around 142k shares on-market at roughly HK$6.99 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Kiyotaka has been a buyer over the last 12 months, purchasing a net total of HK$1.9m worth in shares. Reported Earnings • Aug 27
Second quarter 2025 earnings released: EPS: HK$0.045 (vs HK$0.049 in 2Q 2024) Second quarter 2025 results: EPS: HK$0.045 (down from HK$0.049 in 2Q 2024). Revenue: HK$942.3m (up 9.6% from 2Q 2024). Net income: HK$47.0m (down 8.8% from 2Q 2024). Profit margin: 5.0% (down from 6.0% in 2Q 2024). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Food industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Aug 15
Nissin Foods Company Limited to Report First Half, 2025 Results on Aug 26, 2025 Nissin Foods Company Limited announced that they will report first half, 2025 results on Aug 26, 2025 Price Target Changed • Jul 03
Price target increased by 13% to HK$6.77 Up from HK$6.00, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of HK$6.85. Stock is up 42% over the past year. The company is forecast to post earnings per share of HK$0.32 for next year compared to HK$0.19 last year. Recent Insider Transactions • Jun 13
Chairman & CEO recently bought HK$449k worth of stock On the 5th of June, Kiyotaka Ando bought around 74k shares on-market at roughly HK$6.04 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Kiyotaka has been a buyer over the last 12 months, purchasing a net total of HK$951k worth in shares. Upcoming Dividend • Jun 03
Upcoming dividend of HK$0.16 per share Eligible shareholders must have bought the stock before 10 June 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (4.6%). Announcement • May 01
Nissin Foods Company Limited to Report Q1, 2025 Results on May 13, 2025 Nissin Foods Company Limited announced that they will report Q1, 2025 results on May 13, 2025 Reported Earnings • Apr 27
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: HK$0.19 (down from HK$0.32 in FY 2023). Revenue: HK$3.81b (flat on FY 2023). Net income: HK$201.0m (down 39% from FY 2023). Profit margin: 5.3% (down from 8.6% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 38%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Food industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Apr 03
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at HK$5.87. The fair value is estimated to be HK$7.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has declined by 4.3%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Declared Dividend • Mar 28
Dividend of HK$0.16 announced Shareholders will receive a dividend of HK$0.16. Ex-date: 10th June 2025 Payment date: 27th June 2025 Dividend yield will be 2.6%, which is lower than the industry average of 5.7%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 4.0% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 69% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Mar 27
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.3% Last year net profit margin: 8.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Announcement • Mar 27
Nissin Foods Company Limited Proposes Final Ordinary Dividend for the Financial Year Ended 31 December 2024, Payable on June 27, 2025 Nissin Foods Company Limited proposed Final Ordinary dividend of HKD 0.0963 per share for the financial year ended 31 December 2024. Ex-dividend date 10 June 2025, Record date 16 June 2025 and Payment date 27 June 2025. Date of shareholders' approval is 05 June 2025. Announcement • Mar 06
Nissin Foods Company Limited to Report Fiscal Year 2024 Results on Mar 26, 2025 Nissin Foods Company Limited announced that they will report fiscal year 2024 results on Mar 26, 2025 Recent Insider Transactions • Jan 11
Chairman & CEO recently bought HK$503k worth of stock On the 9th of January, Kiyotaka Ando bought around 90k shares on-market at roughly HK$5.59 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Kiyotaka has been a buyer over the last 12 months, purchasing a net total of HK$1.3m worth in shares. Announcement • Oct 30
Nissin Foods Company Limited to Report Q3, 2024 Results on Nov 11, 2024 Nissin Foods Company Limited announced that they will report Q3, 2024 results on Nov 11, 2024 Price Target Changed • Aug 29
Price target decreased by 8.3% to HK$5.78 Down from HK$6.31, the current price target is an average from 4 analysts. New target price is 39% above last closing price of HK$4.17. Stock is down 32% over the past year. The company is forecast to post earnings per share of HK$0.34 for next year compared to HK$0.32 last year. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: HK$0.049 (vs HK$0.059 in 2Q 2023) Second quarter 2024 results: EPS: HK$0.049 (down from HK$0.059 in 2Q 2023). Revenue: HK$859.5m (down 5.0% from 2Q 2023). Net income: HK$51.5m (down 16% from 2Q 2023). Profit margin: 6.0% (down from 6.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Food industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Aug 15
Nissin Foods Company Limited to Report First Half, 2024 Results on Aug 28, 2024 Nissin Foods Company Limited announced that they will report first half, 2024 results on Aug 28, 2024 Announcement • Jun 05
Nissin Foods Company Limited (SEHK:1475) agreed to acquire Gaemifood Co. Ltd from Sung Gyung Food Co., Ltd. for KRW 48 billion. Nissin Foods Company Limited (SEHK:1475) agreed to acquire Gaemifood Co. Ltd from Sung Gyung Food Co., Ltd. for KRW 48 billion on June 3, 2024. As part of the consideration, KRW 48000 million was paid towards common equity for 50000 shares. Upcoming Dividend • Jun 04
Upcoming dividend of HK$0.16 per share Eligible shareholders must have bought the stock before 11 June 2024. Payment date: 27 June 2024. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (4.9%). Recent Insider Transactions • May 20
Chairman & CEO recently bought HK$770k worth of stock On the 14th of May, Kiyotaka Ando bought around 155k shares on-market at roughly HK$4.95 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Kiyotaka has been a buyer over the last 12 months, purchasing a net total of HK$1.5m worth in shares. Reported Earnings • Apr 26
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: HK$0.32 (up from HK$0.30 in FY 2022). Revenue: HK$3.83b (down 5.8% from FY 2022). Net income: HK$330.2m (up 5.6% from FY 2022). Profit margin: 8.6% (up from 7.7% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 6.9%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Food industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Major Estimate Revision • Apr 02
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from HK$4.14b to HK$4.05b. EPS estimate also fell from HK$0.38 per share to HK$0.337 per share. Net income forecast to grow 7.1% next year vs 23% growth forecast for Food industry in Hong Kong. Consensus price target down from HK$6.75 to HK$6.15. Share price was steady at HK$4.84 over the past week. Price Target Changed • Mar 30
Price target decreased by 8.9% to HK$6.15 Down from HK$6.75, the current price target is an average from 4 analysts. New target price is 24% above last closing price of HK$4.95. Stock is down 29% over the past year. The company is forecast to post earnings per share of HK$0.34 for next year compared to HK$0.32 last year. Announcement • Mar 27
Nissin Foods Company Limited, Annual General Meeting, Jun 05, 2024 Nissin Foods Company Limited, Annual General Meeting, Jun 05, 2024. Reported Earnings • Mar 27
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: HK$0.32 (up from HK$0.30 in FY 2022). Revenue: HK$3.83b (down 4.8% from FY 2022). Net income: HK$330.2m (up 4.3% from FY 2022). Profit margin: 8.6% (up from 7.9% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 6.9%. Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Food industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Mar 26
Nissin Foods Company Limited Proposes Final Ordinary Dividend for the Financial Year Ended 31 December 2023, Payable on June 27, 2024 Nissin Foods Company Limited proposed Final Ordinary dividend of HKD 0.1582 per share for the financial year ended 31 December 2023. Ex-dividend date 11 June 2024, Record date 17 June 2024 and Payment date 27 June 2024. Date of shareholders' approval is 05 June 2024. Announcement • Mar 07
Nissin Foods Company Limited to Report Fiscal Year 2023 Results on Mar 26, 2024 Nissin Foods Company Limited announced that they will report fiscal year 2023 results on Mar 26, 2024 Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: HK$0.094 (vs HK$0.069 in 3Q 2022) Third quarter 2023 results: EPS: HK$0.094 (up from HK$0.069 in 3Q 2022). Revenue: HK$1.03b (down 2.1% from 3Q 2022). Net income: HK$98.7m (up 36% from 3Q 2022). Profit margin: 9.6% (up from 6.9% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Food industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Oct 31
Nissin Foods Company Limited to Report Nine Months, 2023 Results on Nov 09, 2023 Nissin Foods Company Limited announced that they will report nine months, 2023 results on Nov 09, 2023 Recent Insider Transactions • Oct 06
Chairman & CEO recently bought HK$770k worth of stock On the 29th of September, Kiyotaka Ando bought around 130k shares on-market at roughly HK$5.93 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Kiyotaka has been a buyer over the last 12 months, purchasing a net total of HK$1.7m worth in shares. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: HK$0.059 (vs HK$0.071 in 2Q 2022) Second quarter 2023 results: EPS: HK$0.059 (down from HK$0.071 in 2Q 2022). Revenue: HK$904.9m (down 6.8% from 2Q 2022). Net income: HK$61.2m (down 18% from 2Q 2022). Profit margin: 6.8% (down from 7.7% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Food industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Aug 18
Nissin Foods Company Limited to Report First Half, 2023 Results on Aug 30, 2023 Nissin Foods Company Limited announced that they will report first half, 2023 results on Aug 30, 2023 Announcement • Jul 04
Nissin Foods Company Limited (SEHK:1475) acquired remaining 19% stake in Eastpeak Trading (Shanghai) Co., Ltd. from LIU Feng. Nissin Foods Company Limited (SEHK:1475) acquired remaining 19% stake in Eastpeak Trading (Shanghai) Co., Ltd. from LIU Feng on July 3, 2023.Nissin Foods Company Limited (SEHK:1475) completed the acquisition of remaining 19% stake in Eastpeak Trading (Shanghai) Co., Ltd. from LIU Feng on July 3, 2023. Announcement • Jul 01
Nissin Foods Company Limited Announces Executive Changes, Effective from 1 July 2023 The board of directors of Nissin Foods Company Limited announced that, with effect from 1 July 2023: (1) Mr. Kazuo Kawasaka ("Mr. Kawasaka") shall resign as an Executive Director in order to devote more time to his other commitments; and (2) Dr. Sumio Matsumoto ("Dr. Matsumoto") shall resign as an Independent Non-executive Director, and a member of each of the audit committee, remuneration committee and nomination committee of the Company in order to devote more time to his other commitments. Each of Mr. Kawasaka and Dr. Matsumoto confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. (1) Mr. Katsunori Hiroi ("Mr. Hiroi") shall be appointed as an Executive Director; (2) Mr. Xi Xiaotong ("Mr. Xi") shall be appointed as an Executive Director; and (3) Professor Keiko Ito ("Professor Ito") shall be appointed as an Independent Non-executive Director. Mr. Katsunori Hiroi, aged 50, is currently the general manager of eastern and northern China of the Group, responsible for overseeing and managing overall sales. He is a director of certain subsidiaries of the Company. He was the chairman and managing director of Zhuhai Golden Coast Winner Food Products Limited and a director of Winner Food Products Limited between September 2019 and March 2023. Mr. Hiroi obtained a Bachelor of Arts in International Relations from Ritsumeikan University in Japan in March 1996. Mr. Hiroi joined Nissin Food Holdings Co., Ltd, the controlling shareholder of the Company in April 1996 and worked in various roles in marketing and sales function until March 2013. He joined the Group in March 2013 and was appointed as a director of the Company until May 2015. From May 2015 to September 2019, he was the deputy managing director of Nissin Foods (Thailand) Co. Ltd. He rejoined the Group in September 2019. Mr. Xi Xiaotong, aged 53, joined the Group since December 2013 and is currently the general manager of southern China of the Group, responsible for overseeing and managing overall sales. He is a director of Nissin Food (China) Holding Co., Limited. Mr. Xi obtained a Bachelor of Economics degree from Nihon University in Japan in March 1996. Before joining the Group, Mr. Xi had worked in Nissin Japan in April 1996 and had served various positions until December 2013, and had been assigned to Shanghai Nissin Foods Co. Ltd. between 2001 and 2004 and between 2008 and 2009. Professor Keiko Ito, aged 51, is currently a professor at the Graduate School of Social Sciences of Chiba University in Japan. From April 2018 to March 2022, she was a professor at the Faculty of Commerce of Chuo University in Japan. From April 2004 to March 2018, she worked in Senshu University in Japan, with her last position as a professor of the Faculty of Economics. From April 2002 to March 2004, she was a senior research fellow at the International Centre for the Study of East Asian Development. Professor Ito obtained a Bachelor's degree in industrial management from the Faculty of Science and Engineering of Waseda University in Japan in March 1994, a Master's degree in area studies from University of Tsukuba in Japan in March 1999 and a Doctoral's degree in economics from Hitotsubashi University in Japan in March 2002. She is an economist whose research focuses on trade and economic policy in the Asian region, including China. With effect from 1 July 2023, Professor Lynne Yukie Nakano shall be appointed as a member of each of the remuneration committee and nomination committee and Mr. Toshiaki Sakai shall be appointed as a member of the audit committee. The Board announced that with effect from 1 July 2023, Mr. Lau Wing Leung Max ("Mr. Lau") shall be appointed as a member of senior management. Mr. Lau, aged 57, joined the Group since August 2018 and is currently the managing director of Winner Foods Products Limited, responsible for overseeing and managing overall business and operational matters. Mr. Lau obtained a Master of Arts degree (major in marketing) from Macquarie University Australia in October 1995, a Master of Business Administration degree from Asia International Open University (Macau) in July 1996 and a Master of Electronic Business degree from City University of Hong Kong in November 2002, and Advanced Management Programme from INSEAD of France in 2004. Before joining the Group, Mr. Lau had worked in Cony Electronic, British American Tobacco and Lee Kum Kee between 1983 and 1988. And he worked with John Swire & Sons (H.K.) Limited between July 1988 and December 2017, and had been assigned to Taikoo Sugar Limited between 1988 and 2011 with last position as director and general manager and to Swire Foods Holdings Limited as managing director between 2012 and 2017. Announcement • Jun 10
Nissin Foods Company Limited Declares Final Dividend for the Year Ended 31 December 2022 Nissin Foods Company Limited at its annual general meeting held on 9 June 2023, declared a final dividend of 15.16 Hong Kong cents per share of the Company for the year ended 31 December 2022. Upcoming Dividend • Jun 07
Upcoming dividend of HK$0.15 per share at 2.2% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (4.3%). Reported Earnings • May 11
First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2023 results: EPS: HK$0.11 (up from HK$0.086 in 1Q 2022). Revenue: HK$1.02b (down 3.5% from 1Q 2022). Net income: HK$110.5m (up 22% from 1Q 2022). Profit margin: 11% (up from 8.5% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 3.7%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Food industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Recent Insider Transactions • Apr 13
Chairman & CEO recently bought HK$482k worth of stock On the 6th of April, Kiyotaka Ando bought around 71k shares on-market at roughly HK$6.76 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Kiyotaka has been a buyer over the last 12 months, purchasing a net total of HK$1.4m worth in shares. Reported Earnings • Mar 28
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: HK$0.30 (up from HK$0.29 in FY 2021). Revenue: HK$4.02b (up 4.1% from FY 2021). Net income: HK$316.5m (up 4.2% from FY 2021). Profit margin: 7.9% (in line with FY 2021). Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 3.6%. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Food industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 1% per year. Reported Earnings • Nov 16
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: HK$0.069 (up from HK$0.056 in 3Q 2021). Revenue: HK$1.05b (up 4.4% from 3Q 2021). Net income: HK$72.4m (up 20% from 3Q 2021). Profit margin: 6.9% (up from 6.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 1.0%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Food industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Masaru Takahashi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: HK$0.069 (up from HK$0.056 in 3Q 2021). Revenue: HK$1.05b (up 4.4% from 3Q 2021). Net income: HK$72.4m (up 20% from 3Q 2021). Profit margin: 6.9% (up from 6.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 1.0%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Food industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Nov 08
Now 22% undervalued Over the last 90 days, the stock is up 4.1%. The fair value is estimated to be HK$7.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 7.1%. Revenue is forecast to grow by 17% in 2 years. Earnings is forecast to grow by 34% in the next 2 years. Announcement • Nov 02
Nissin Foods Company Limited to Report Q3, 2022 Results on Nov 10, 2022 Nissin Foods Company Limited announced that they will report Q3, 2022 results on Nov 10, 2022 Recent Insider Transactions • Oct 18
Chairman & CEO recently bought HK$483k worth of stock On the 10th of October, Kiyotaka Ando bought around 77k shares on-market at roughly HK$6.30 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Kiyotaka has been a buyer over the last 12 months, purchasing a net total of HK$1.4m worth in shares. Announcement • Sep 10
Nissin Foods Company Limited Appoints Kiyoshi Matsuura as Member of Senior Management and Production General Manager (China and Hong Kong) of the Company The board of directors of Nissin Foods Company Limited announced that with effect from 11 September 2022, Mr. Kiyoshi Matsuura will be appointed as a member of senior management and production general manager (China and Hong Kong) of the Company, responsible for overseeing and managing overall production of the Group. Reported Earnings • Sep 01
Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2022 results: EPS: HK$0.072 (down from HK$0.073 in 2Q 2021). Revenue: HK$971.3m (up 9.2% from 2Q 2021). Net income: HK$74.6m (down 4.0% from 2Q 2021). Profit margin: 7.7% (down from 8.7% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 9.0%, compared to a 11% growth forecast for the Food industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Price Target Changed • Aug 31
Price target increased to HK$7.66 Up from HK$7.15, the current price target is an average from 5 analysts. New target price is 22% above last closing price of HK$6.30. Stock is up 13% over the past year. The company is forecast to post earnings per share of HK$0.32 for next year compared to HK$0.29 last year. Announcement • Aug 16
Nissin Foods Company Limited to Report Q2, 2022 Results on Aug 30, 2022 Nissin Foods Company Limited announced that they will report Q2, 2022 results on Aug 30, 2022 Recent Insider Transactions • Jul 23
Independent Non-Executive Director recently bought HK$143k worth of stock On the 18th of July, Toshiaki Sakai bought around 25k shares on-market at roughly HK$5.71 per share. In the last 3 months, there was an even bigger purchase from another insider worth HK$450k. Despite this recent purchase, insiders have collectively sold HK$2.7m more in shares than they bought in the last 12 months. Recent Insider Transactions • Jul 07
Chairman & CEO recently bought HK$450k worth of stock On the 30th of June, Kiyotaka Ando bought around 81k shares on-market at roughly HK$5.55 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Kiyotaka has been a net seller over the last 12 months, reducing personal holdings by HK$3.1m. Upcoming Dividend • Jun 07
Upcoming dividend of HK$0.17 per share Eligible shareholders must have bought the stock before 14 June 2022. Payment date: 29 June 2022. Payout ratio is a comfortable 51% and the cash payout ratio is 80%. Trailing yield: 2.8%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (3.8%). Reported Earnings • Apr 27
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: HK$0.29 (up from HK$0.28 in FY 2020). Revenue: HK$3.87b (up 9.9% from FY 2020). Net income: HK$303.8m (flat on FY 2020). Profit margin: 7.9% (down from 8.6% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) also surpassed analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 10%, compared to a 9.6% growth forecast for the industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year.