TSE:1332

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Executive Summary

Nippon Suisan Kaisha, Ltd. provides various seafood products in Japan and internationally.


Snowflake Analysis

Very undervalued with adequate balance sheet.


Similar Companies

Share Price & News

How has Nippon Suisan Kaisha's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1332 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

6.9%

1332

3.2%

JP Food

5.7%

JP Market


1 Year Return

-24.4%

1332

3.0%

JP Food

3.7%

JP Market

Return vs Industry: 1332 underperformed the JP Food industry which returned 0.8% over the past year.

Return vs Market: 1332 underperformed the JP Market which returned 2.4% over the past year.


Shareholder returns

1332IndustryMarket
7 Day6.9%3.2%5.7%
30 Day5.9%2.4%8.4%
90 Day-2.3%11.3%4.2%
1 Year-23.2%-24.4%4.6%3.0%6.4%3.7%
3 Year-12.6%-16.0%-5.9%-9.9%6.4%-1.0%
5 Year50.0%41.0%20.9%13.2%10.4%-1.7%

Price Volatility Vs. Market

How volatile is Nippon Suisan Kaisha's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Nippon Suisan Kaisha undervalued compared to its fair value and its price relative to the market?

28.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1332 (¥499) is trading below our estimate of fair value (¥694.4)

Significantly Below Fair Value: 1332 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1332 is good value based on its PE Ratio (10.5x) compared to the Food industry average (19.6x).

PE vs Market: 1332 is good value based on its PE Ratio (10.5x) compared to the JP market (15x).


Price to Earnings Growth Ratio

PEG Ratio: 1332 is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: 1332 is good value based on its PB Ratio (1x) compared to the JP Food industry average (1x).


Next Steps

Future Growth

How is Nippon Suisan Kaisha forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

11.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1332's forecast earnings growth (11.6% per year) is above the savings rate (0.05%).

Earnings vs Market: 1332's earnings (11.6% per year) are forecast to grow slower than the JP market (12% per year).

High Growth Earnings: 1332's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1332's revenue (2.3% per year) is forecast to grow slower than the JP market (3.1% per year).

High Growth Revenue: 1332's revenue (2.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1332's Return on Equity is forecast to be low in 3 years time (10.6%).


Next Steps

Past Performance

How has Nippon Suisan Kaisha performed over the past 5 years?

7.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1332 has high quality earnings.

Growing Profit Margin: 1332's current net profit margins (2.1%) are lower than last year (2.2%).


Past Earnings Growth Analysis

Earnings Trend: 1332's earnings have grown by 7.7% per year over the past 5 years.

Accelerating Growth: 1332's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1332 had negative earnings growth (-3.9%) over the past year, making it difficult to compare to the Food industry average (-2.4%).


Return on Equity

High ROE: 1332's Return on Equity (8.9%) is considered low.


Next Steps

Financial Health

How is Nippon Suisan Kaisha's financial position?


Financial Position Analysis

Short Term Liabilities: 1332's short term assets (¥253.1B) exceed its short term liabilities (¥196.9B).

Long Term Liabilities: 1332's short term assets (¥253.1B) exceed its long term liabilities (¥122.3B).


Debt to Equity History and Analysis

Debt Level: 1332's debt to equity ratio (128.4%) is considered high.

Reducing Debt: 1332's debt to equity ratio has reduced from 232.9% to 128.4% over the past 5 years.

Debt Coverage: 1332's debt is not well covered by operating cash flow (8.5%).

Interest Coverage: 1332's interest payments on its debt are well covered by EBIT (38x coverage).


Balance Sheet


Next Steps

Dividend

What is Nippon Suisan Kaisha's current dividend yield, its reliability and sustainability?

1.80%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1332's dividend (1.8%) is higher than the bottom 25% of dividend payers in the JP market (1.47%).

High Dividend: 1332's dividend (1.8%) is low compared to the top 25% of dividend payers in the JP market (3.4%).


Stability and Growth of Payments

Stable Dividend: 1332's dividend payments have been volatile in the past 10 years.

Growing Dividend: 1332's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16.9%), 1332's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Matono Akiyo (66yo)

2.17yrs

Tenure

Mr. Matono Akiyo has been Chief Executive Officer and President of Nippon Suisan Kaisha, Ltd. since March 2018 and served as its Senior Managing Executive Officer since June 28, 2017. Mr. Akiyo serves as C ...


Leadership Team

NamePositionTenureCompensationOwnership
Matono Akiyo
President2.17yrsno data0.016% ¥25.0m
Shinya Yamamoto
Managing Executive Officerno datano data0.013% ¥20.0m
Shingo Hamada
Senior Managing Executive Officer2.92yrsno data0.0080% ¥12.5m
Tetsuhiro Kuroda
Executive Officer & Commissioned GM of Human Resources Department2.92yrsno datano data
Norio Hosomi
0.92yrno datano data
Hisami Sakai
Managing Executive Officer and Business Supervisor in Oceania & Asiano datano datano data
Seiji Takahashi
Managing Exec. Officerno datano data0.0045% ¥7.0m
Yoichi Sekiguchi
Managing Executive Officer5.92yrsno data0.0096% ¥15.0m
Hiroyuki Hamano
Standing Audit & Supervisory Board Member0.92yrno data0.0016% ¥2.5m

2.5yrs

Average Tenure

66yo

Average Age

Experienced Management: 1332's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Matono Akiyo
President2.17yrsno data0.016% ¥25.0m
Shinya Yamamoto
Managing Executive Officerno datano data0.013% ¥20.0m
Shingo Hamada
Senior Managing Executive Officer2.92yrsno data0.0080% ¥12.5m
Seiji Takahashi
Managing Exec. Officerno datano data0.0045% ¥7.0m
Yoichi Sekiguchi
Managing Executive Officer5.92yrsno data0.0096% ¥15.0m
Hiroyuki Hamano
Standing Audit & Supervisory Board Member0.92yrno data0.0016% ¥2.5m
Keisuke Yokoo
Director2.92yrsno datano data
Shino Hirose
Audit & Supervisory Board Member3.92yrsno datano data
Kazuo Ohki
Director2.92yrsno datano data
Motohide Ozawa
Audit & Supervisory Board Member2.92yrsno datano data

2.9yrs

Average Tenure

66yo

Average Age

Experienced Board: 1332's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Nippon Suisan Kaisha, Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Nippon Suisan Kaisha, Ltd.
  • Ticker: 1332
  • Exchange: TSE
  • Founded: 1911
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: JP¥155.260b
  • Shares outstanding: 311.14m
  • Website: https://www.nissui.co.jp

Number of Employees


Location

  • Nippon Suisan Kaisha, Ltd.
  • Nishi-Shimbashi Square
  • 1-3-1, Nishi-Shimbashi
  • Tokyo
  • 105-8676
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1332TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
71NDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992
NISU.YOTCPK (Pink Sheets LLC)ADRUSUSDNov 1992

Biography

Nippon Suisan Kaisha, Ltd. provides various seafood products in Japan and internationally. The company engages in the provision of salmon, trout, yellowtail, shrimp, and bluefin tuna, as well as pollock roe products. It also produces and sells frozen prepared foods for household and commercial uses, canned and bottled foods, fish sausage, chikuwa, and imitation crab and fish paste products, as well as chilled foods for convenience stores. In addition, the company produces and supplies fine chemical products, such as pharmaceuticals and functional materials; functional foods comprising EPA and DHA, as well as various health food products; and sports EPA products. Further, it engages in cold storage, third party logistics, and international marine logistics businesses; building, repairing, and operating ships; and selling equipment and plant hardware. The company was founded in 1911 and is headquartered in Tokyo, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/29 16:03
End of Day Share Price2020/05/29 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.