Announcement • Jun 04
Nisshin Seifun Group Inc. to Report Q1, 2027 Results on Jul 30, 2026 Nisshin Seifun Group Inc. announced that they will report Q1, 2027 results on Jul 30, 2026 Reported Earnings • May 16
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥113 (down from JP¥117 in FY 2025). Revenue: JP¥865.0b (up 1.6% from FY 2025). Net income: JP¥32.6b (down 6.0% from FY 2025). Profit margin: 3.8% (down from 4.1% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.8%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Food industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • May 14
Nisshin Seifun Group Inc., Annual General Meeting, Jun 25, 2026 Nisshin Seifun Group Inc., Annual General Meeting, Jun 25, 2026. Announcement • May 09
Nisshin Seifun Group Inc. to Report Fiscal Year 2026 Results on May 14, 2026 Nisshin Seifun Group Inc. announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 14, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 64% but the company is paying out more than the cash it is generating. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%). Reported Earnings • Jan 31
Third quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2026 results: EPS: JP¥43.73 (up from JP¥34.21 in 3Q 2025). Revenue: JP¥222.6b (up 2.2% from 3Q 2025). Net income: JP¥12.6b (up 24% from 3Q 2025). Profit margin: 5.7% (up from 4.7% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 1.7%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Food industry in Japan. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Dec 13
Nisshin Seifun Group Inc. to Report Q3, 2026 Results on Jan 30, 2026 Nisshin Seifun Group Inc. announced that they will report Q3, 2026 results on Jan 30, 2026 Declared Dividend • Dec 06
First half dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 3.3%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (71% earnings payout ratio) but not covered by cash flows (136% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 31
Second quarter 2026 earnings: EPS misses analyst expectations Second quarter 2026 results: JP¥4.47 loss per share (down from JP¥32.01 profit in 2Q 2025). Revenue: JP¥215.9b (flat on 2Q 2025). Net loss: JP¥1.30b (down 114% from profit in 2Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Food industry in Japan. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Oct 30
Nisshin Seifun Group Inc. (TSE:2002) announces an Equity Buyback for 15,000,000 shares, representing 5.18% for ¥20,000 million. Nisshin Seifun Group Inc. (TSE:2002) announces a share repurchase program. Under the program, the company will repurchase up to 15,000,000 shares, representing 5.18% of its total issued share capital for ¥20,000 million. The purpose of the program is to enhance shareholder returns, improve capital efficiency, and implement capital policies that take into account the business environment. the shares repurchased will be cancelled. The program is valid till June 23, 2026. As of September 30, 2025, the company had 289,838,973 issued shares and 818,918 shares in treasury. Price Target Changed • Oct 16
Price target decreased by 8.9% to JP¥2,125 Down from JP¥2,333, the current price target is an average from 4 analysts. New target price is 19% above last closing price of JP¥1,782. Stock is down 0.08% over the past year. The company is forecast to post earnings per share of JP¥132 for next year compared to JP¥117 last year. Announcement • Sep 05
Nisshin Seifun Group Inc. to Report Q2, 2026 Results on Oct 30, 2025 Nisshin Seifun Group Inc. announced that they will report Q2, 2026 results on Oct 30, 2025 Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥40.11 (vs JP¥36.46 in 1Q 2025) First quarter 2026 results: EPS: JP¥40.11 (up from JP¥36.46 in 1Q 2025). Revenue: JP¥215.4b (flat on 1Q 2025). Net income: JP¥11.6b (up 7.1% from 1Q 2025). Profit margin: 5.4% (up from 5.1% in 1Q 2025). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Food industry in Japan. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 29th September 2025 Payment date: 8th December 2025 Dividend yield will be 3.5%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but not covered by cash flows (127% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 27
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥117 (up from JP¥107 in FY 2024). Revenue: JP¥851.5b (flat on FY 2024). Net income: JP¥34.7b (up 9.3% from FY 2024). Profit margin: 4.1% (up from 3.7% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.2%. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Food industry in Japan. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Jun 05
Nisshin Seifun Group Inc. to Report Q1, 2026 Results on Jul 31, 2025 Nisshin Seifun Group Inc. announced that they will report Q1, 2026 results on Jul 31, 2025 New Risk • May 17
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 127% Dividend yield: 3.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • May 15
Nisshin Seifun Group Inc., Annual General Meeting, Jun 26, 2025 Nisshin Seifun Group Inc., Annual General Meeting, Jun 26, 2025. Price Target Changed • Mar 22
Price target decreased by 7.9% to JP¥2,150 Down from JP¥2,333, the current price target is an average from 4 analysts. New target price is 21% above last closing price of JP¥1,771. Stock is down 21% over the past year. The company is forecast to post earnings per share of JP¥122 for next year compared to JP¥107 last year. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.6%). Announcement • Mar 15
Nisshin Seifun Group Inc. to Report Fiscal Year 2025 Results on May 15, 2025 Nisshin Seifun Group Inc. announced that they will report fiscal year 2025 results on May 15, 2025 Reported Earnings • Jan 29
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: JP¥34.21 (down from JP¥37.22 in 3Q 2024). Revenue: JP¥217.9b (down 2.6% from 3Q 2024). Net income: JP¥10.2b (down 8.1% from 3Q 2024). Profit margin: 4.7% (down from 4.9% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 10%. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Food industry in Japan. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Jan 29
Nisshin Seifun Group Inc. (TSE:2002) announces an Equity Buyback for 7,700,000 shares, representing 2.59% for ¥15,400 million. Nisshin Seifun Group Inc. (TSE:2002) announces a share repurchase program. Under the program, the company will repurchase up to 7,700,000 shares, representing 2.59% of its total issued share capital for ¥15,400 million. The purpose of the program is to enhance shareholder returns, improve capital efficiency, and implement capital policies that take into account the business environment. the shares repurchased will be cancelled. As of December 31, 2024, the company had 297,539,497 issued shares and 6,818,394 shares in treasury. Announcement • Jan 03
Nisshin Seifun Group Inc. to Report Q3, 2025 Results on Jan 28, 2025 Nisshin Seifun Group Inc. announced that they will report Q3, 2025 results on Jan 28, 2025 Declared Dividend • Dec 07
First half dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 3.0%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (43% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 01
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: JP¥32.01 (down from JP¥32.64 in 2Q 2024). Revenue: JP¥215.6b (down 1.4% from 2Q 2024). Net income: JP¥9.52b (down 1.9% from 2Q 2024). Profit margin: 4.4% (in line with 2Q 2024). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Food industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Sep 21
Nisshin Seifun Group Inc. to Report Q2, 2025 Results on Oct 30, 2024 Nisshin Seifun Group Inc. announced that they will report Q2, 2025 results on Oct 30, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.4%). Reported Earnings • Aug 02
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: JP¥36.46 (up from JP¥29.40 in 1Q 2024). Revenue: JP¥213.9b (up 2.7% from 1Q 2024). Net income: JP¥10.8b (up 24% from 1Q 2024). Profit margin: 5.1% (up from 4.2% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 32%. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Food industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 11
Final dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 2.7%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 17
Nisshin Seifun Group Inc. to Report Q1, 2025 Results on Jul 31, 2024 Nisshin Seifun Group Inc. announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • May 17
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥107 (up from JP¥34.91 loss in FY 2023). Revenue: JP¥858.2b (up 7.5% from FY 2023). Net income: JP¥31.7b (up JP¥42.1b from FY 2023). Profit margin: 3.7% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.5%. Revenue is forecast to stay flat during the next 3 years compared to a 3.6% growth forecast for the Food industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • May 17
Nisshin Seifun Group Inc., Annual General Meeting, Jun 26, 2024 Nisshin Seifun Group Inc., Annual General Meeting, Jun 26, 2024. Buy Or Sell Opportunity • Mar 25
Now 22% undervalued Over the last 90 days, the stock has risen 15% to JP¥2,173. The fair value is estimated to be JP¥2,790, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 1.1% per annum. Earnings are also forecast to grow by 0.8% per annum over the same time period. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.7%). Price Target Changed • Mar 19
Price target increased by 8.1% to JP¥2,613 Up from JP¥2,417, the current price target is an average from 4 analysts. New target price is 19% above last closing price of JP¥2,200. Stock is up 42% over the past year. The company is forecast to post earnings per share of JP¥112 next year compared to a net loss per share of JP¥34.91 last year. Announcement • Mar 06
Nisshin Seifun Group Inc. to Report Fiscal Year 2024 Results on May 15, 2024 Nisshin Seifun Group Inc. announced that they will report fiscal year 2024 results on May 15, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings: EPS exceeds analyst expectations Third quarter 2024 results: EPS: JP¥37.22 (down from JP¥50.05 in 3Q 2023). Revenue: JP¥223.8b (up 5.9% from 3Q 2023). Net income: JP¥11.1b (down 26% from 3Q 2023). Profit margin: 4.9% (down from 7.0% in 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 43%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Food industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Jan 30
Nisshin Seifun Group Inc. Provides Year-End Dividend Guidance for the Fiscal Year Ending March 31, 2024 Nisshin Seifun Group Inc. provided year-end dividend guidance for the fiscal year ending March 31, 2024. For the year, the company expects to pay year-end dividend of ¥21.00 per share against ¥21.00 per share paid for the same period a year ago. Buying Opportunity • Dec 15
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 2.7%. The fair value is estimated to be JP¥2,470, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 1.5% per annum. Earnings is forecast to decline by 2.1% per annum over the same time period. Announcement • Dec 08
Nisshin Seifun Group Inc. to Report Q3, 2024 Results on Jan 30, 2024 Nisshin Seifun Group Inc. announced that they will report Q3, 2024 results on Jan 30, 2024 Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥2,252, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 19x in the Food industry in Japan. Total returns to shareholders of 47% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,079 per share. New Risk • Oct 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.1% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (256% cash payout ratio). Large one-off items impacting financial results. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥20.00 per share at 2.1% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.6%). Announcement • Sep 09
Nisshin Seifun Group Inc. to Report Q2, 2024 Results on Oct 27, 2023 Nisshin Seifun Group Inc. announced that they will report Q2, 2024 results on Oct 27, 2023 Reported Earnings • Jul 28
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: JP¥29.40 (up from JP¥21.20 in 1Q 2023). Revenue: JP¥208.2b (up 10.0% from 1Q 2023). Net income: JP¥8.74b (up 39% from 1Q 2023). Profit margin: 4.2% (up from 3.3% in 1Q 2023). Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 33%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Food industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Announcement • Jun 15
Nisshin Seifun Group Inc. to Report Q1, 2024 Results on Jul 27, 2023 Nisshin Seifun Group Inc. announced that they will report Q1, 2024 results on Jul 27, 2023 Reported Earnings • May 12
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: JP¥34.91 loss per share (down from JP¥58.88 profit in FY 2022). Revenue: JP¥798.7b (up 18% from FY 2022). Net loss: JP¥10.4b (down 159% from profit in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Food industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Jan 31
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: JP¥50.05 (up from JP¥27.72 in 3Q 2022). Revenue: JP¥211.3b (up 18% from 3Q 2022). Net income: JP¥14.9b (up 81% from 3Q 2022). Profit margin: 7.0% (up from 4.6% in 3Q 2022). Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates by 64%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Food industry in Japan. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Dec 17
Nisshin Seifun Group Inc. to Report Q3, 2023 Results on Jan 30, 2023 Nisshin Seifun Group Inc. announced that they will report Q3, 2023 results on Jan 30, 2023 Reported Earnings • Oct 27
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: JP¥148 loss per share (down from JP¥14.87 profit in 2Q 2022). Revenue: JP¥199.4b (up 20% from 2Q 2022). Net loss: JP¥44.1b (down JP¥48.5b from profit in 2Q 2022). Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) missed analyst estimates by 119%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Food industry in Japan. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Oct 27
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from JP¥72.02 to JP¥34.03 per share. Revenue forecast steady at JP¥782.7b. Net income forecast to shrink 28% next year vs 8.6% decline forecast for Food industry in Japan. Consensus price target broadly unchanged at JP¥1,763. Share price rose 2.0% to JP¥1,607 over the past week. Major Estimate Revision • Oct 21
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from JP¥72.02 to JP¥63.90. Revenue forecast unchanged from JP¥775.0b at last update. Net income forecast to grow 7.2% next year vs 8.6% decline forecast for Food industry in Japan. Consensus price target of JP¥1,747 unchanged from last update. Share price rose 3.1% to JP¥1,575 over the past week. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Buying Opportunity • Aug 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.5%. The fair value is estimated to be JP¥2,058, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.5% over the last 3 years. Earnings per share has declined by 7.9%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings is also forecast to grow by 3.8% per annum over the same time period. 