TSE:1332Food
Nissui (TSE:1332) Stock Sees Earnings Strength Meet Cash Flow Doubts
Nissui stock has drifted over the past month, down about 4%, yet today’s earnings invite a closer look at that caution. The company reported Q1 Basic EPS of ¥24.53 on revenue of ¥257,283m, with trailing 12-month earnings up 16%. Those are not the numbers of a business in distress.
The key issue is sentiment around risk. Debt is not well covered by operating cash flow and the dividend relies on free cash flow. Today’s muted price suggests the market is focused on those balance sheet concerns...