Latest news with #MaruhaNichiro
Yahoo
12-05-2025
- Business
- Yahoo
Maruha Nichiro snaps up majority stake in Van der Lee Seafish
Seafood Connection – a Dutch subsidiary of Japan's Maruha Nichiro – has acquired a 70% majority stake in the Netherlands' Van der Lee Seafish. The €40m ($44.4m) deal sees Seafood Connection acquire shares in Van der Lee Seafish's subsidiary King Fish Selection. Seafood Connection is headquartered in the Dutch town of Urk and has operations in another ten countries, including Portugal, France, Italy, Poland, Spain, the UK, Bangladesh, Vietnam, India and China. "It's true Seafood Connection is always eager to expand our product range and sales network for frozen seafood," said Jan Kaptijn, CEO of Seafood Connection. "Next to our organic growth, M&A is an important way to speed up our growth into the European market." Van der Lee Seafish, also based in Urk, generated net sales of Y11.56bn ($78m) and a profit per share of Y54,101, according to a Maruha Nichiro filing announcing the dea. In March, Tokyo-headquartered Maruha Nichiro, one of the world's largest fish companies, announced plans to change its trade name to Umios Corp. In its most recent full-year accounts to the end of March 2024, the publicly-listed company booked a 1% increase in net revenue to Y1.03tn. Profit attributable to shareholders rose 12.1% to Y20.8bn. However, operating income dropped 10.3% to Y26.5bn. "Maruha Nichiro snaps up majority stake in Van der Lee Seafish" was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-03-2025
- Business
- Yahoo
Maruha Nichiro to become Umios Corp as part of new strategy
Japanese seafood company Maruha Nichiro has announced a rebranding initiative, with plans to change its trade name to Umios Corp. from 1 March 2026. The move, which is subject to shareholder approval at an ordinary general meeting on 25 June, is part of the company's long-term vision and mid-term management plan, 'For the Ocean, For Life 2027'. In a statement, Maruha Nichiro said it 'will aim for sustainable growth under a new identity and transform itself into a 'solution company' that co-creates value with various stakeholders and solves social issues through food'. As part of its strategic roadmap to 2035, the company plans to develop a 'value cycle that enables consumer-driven, sustainable value creation'. The company aims to leverage its expertise in resource procurement, food processing, and supply chain management to create 'unique' added value through sustainable protein and 'creating health value'. This framework is set for global expansion with a localised approach. To support its vision, Maruha Nichiro is also refining its business portfolio by prioritising sustainable ventures and investing in downstream operations The mid-term plan, covering fiscal years 2026 to 2028, focuses on building the value cycle and promoting the so-called glocal approach. In the short term, Maruha Nichiro said it will move towards a 'culture of challenge' and co-creation', while improving 'profitability and capital efficiency'. For the next decade, the company has set a target to generate over 70% of its ordinary income from overseas operations. The Tokyo-based company also seeks to achieve a return on invested capital (ROIC) of at least 7% and secure a position among the world's top ten meat and seafood protein providers by market capitalisation. By the end of fiscal year 2028, Maruha Nichiro targets Y40bn ($265.8m) in operating income, a ROIC of 5%, and over Y140bn in growth investments. In its most recent full-year accounts to the end of March 2024, the publicly-listed company booked a 1% increase in net revenue to Y1.03tn. Profit attributable to shareholders rose 12.1% to Y20.8bn. However, operating income dropped 10.3% to Y26.5bn. Maruha Nichiro issued its year-to-date results for fiscal 2025 in February, covering the nine months to 31 December. Net sales climbed 5.2% to Y828.1bn. Profit attributable rose 3.6% to Y23.2bn. Operating income increased 9.8% to Y27.8bn. "Maruha Nichiro to become Umios Corp as part of new strategy " was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
26-02-2025
- Business
- Yahoo
Maruha Nichiro And 2 Other High-Yield Dividend Stocks
Amidst a backdrop of geopolitical tensions and economic uncertainties, global markets have experienced volatility, with major indices like the S&P 500 and Dow Jones Industrial Average facing declines. As investors navigate these challenging conditions, high-yield dividend stocks can offer a potential source of income and stability, making them an attractive option for those looking to mitigate market risks. Name Dividend Yield Dividend Rating Chongqing Rural Commercial Bank (SEHK:3618) 8.73% ★★★★★★ Wuliangye YibinLtd (SZSE:000858) 4.00% ★★★★★★ Padma Oil (DSE:PADMAOIL) 7.67% ★★★★★★ CAC Holdings (TSE:4725) 5.10% ★★★★★★ Tsubakimoto Chain (TSE:6371) 4.26% ★★★★★★ Daito Trust ConstructionLtd (TSE:1878) 4.04% ★★★★★★ Nihon Parkerizing (TSE:4095) 3.93% ★★★★★★ Guangxi LiuYao Group (SHSE:603368) 3.49% ★★★★★★ HUAYU Automotive Systems (SHSE:600741) 4.23% ★★★★★★ DoshishaLtd (TSE:7483) 3.88% ★★★★★★ Click here to see the full list of 2012 stocks from our Top Dividend Stocks screener. Here's a peek at a few of the choices from the screener. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Maruha Nichiro Corporation operates in fishing, fish farming, food processing, trading, meat products, and distribution both in Japan and internationally with a market cap of ¥157.55 billion. Operations: Maruha Nichiro Corporation's revenue is derived from its operations in fishing, fish farming, food processing, trading, meat products, and distribution across domestic and international markets. Dividend Yield: 3.2% Maruha Nichiro's dividend payments are well-supported by both earnings and cash flows, with a low payout ratio of 23.3% and a cash payout ratio of 15.3%. Despite trading at 74.3% below its estimated fair value, the company offers a reliable dividend yield of 3.2%, though it is lower than the top tier in Japan's market. Dividends have been stable and growing over the past decade, but debt coverage by operating cash flow remains weak. Delve into the full analysis dividend report here for a deeper understanding of Maruha Nichiro. In light of our recent valuation report, it seems possible that Maruha Nichiro is trading behind its estimated value. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Daido Steel Co., Ltd. manufactures and sells steel products both in Japan and internationally, with a market cap of ¥246.38 billion. Operations: Daido Steel Co., Ltd. generates revenue through the manufacturing and sale of steel products across both domestic and international markets. Dividend Yield: 3.9% Daido Steel's dividend yield of 3.93% is among the top 25% in Japan, yet its sustainability is questionable due to a high cash payout ratio of 142.8%, indicating dividends are not well covered by free cash flow. Despite a low earnings payout ratio of 39.9%, dividends have been volatile and unreliable over the past decade. Recent share buybacks suggest efforts to enhance shareholder returns, but lowered earnings guidance may impact future dividend stability. Dive into the specifics of Daido Steel here with our thorough dividend report. Our comprehensive valuation report raises the possibility that Daido Steel is priced lower than what may be justified by its financials. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: ProCredit Holding AG, with a market cap of €571.32 million, offers commercial banking services for small and medium enterprises and private customers across Europe, South America, and Germany. Operations: ProCredit Holding AG generates its revenue primarily through its banking segment, which accounts for €433.86 million. Dividend Yield: 6.6% ProCredit Holding's dividend yield of 6.6% places it in the top 25% of German dividend payers, with a current payout ratio of 36.2%, indicating dividends are well covered by earnings. Despite this, its eight-year history shows an unstable and volatile dividend track record. The company trades at a significant discount to estimated fair value and has a high level of non-performing loans at 2.1%, which could impact future payouts' sustainability. Navigate through the intricacies of ProCredit Holding with our comprehensive dividend report here. The valuation report we've compiled suggests that ProCredit Holding's current price could be quite moderate. Click here to access our complete index of 2012 Top Dividend Stocks. Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up. Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TSE:1333 TSE:5471 and XTRA:PCZ. Have feedback on this article? Concerned about the content? with us directly. 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