Kibun Foods --- Formulation of a medium-term management plan
Kibun Foods <2933> announced on the 24th that it has formulated a medium-term management plan (fiscal year ending 2025/3 to fiscal year ending 2027/3) with the 2025/3 fiscal year as the first year. The “Mid-Term Management Plan 2026” aims to “establish a strong corporate structure capable of sustainable growth” by improving profitability and improving financial position. The company's 2024/3 PBR was about 1.5 times and PER was about 10 times, both below the weighted average of the prime market food sector. Realizing management that is conscious of capital costs and stock prices
Kibun Foods --- Sales and significant increase in profit for the fiscal year ended March 24, and profits in the domestic food business remained strong
Kibun Foods <2933> announced consolidated financial results for the fiscal year ending 2024/3 on the 14th. Net sales increased 0.9% from the previous fiscal year to 106.684 billion yen, operating profit increased 129.5% to 4.641 billion yen, ordinary profit increased 150.1% to 4.404 billion yen, and net income attributable to parent company shareholders increased 540.9% to 2,836 billion yen. Sales in the domestic food business increased 0.9% from the same period last year to 76.077 billion yen, and segment profit increased 2,796 billion yen to 2,836 billion yen. Sale
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Kibun Foods: Summary of Financial Results for the Fiscal Year Ending March 31, 2024 [Japanese GAAP] (Consolidated)
Japan Frozen Seafood Market Report 2024: A $968.6 Million Market by 2032 Featuring Kibun Foods, Nippon Suisan Kaisha, Marudai Food, and Maruha Nichiro
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Kibun Foods Research Memo (13): Presents an assortment of the company's products as a shareholder benefit
■Shareholder Return Policy 2. Shareholder benefit system Kibun Foods <2933> has a shareholder benefit system, and the company's products are presented to shareholders described or recorded in the shareholder register as of 9/30 according to the number of shares held. Shareholders holding 300 shares (3 units) or more of the company's shares and less than 1,000 shares (10 units) will be shipped from mid-November to late November, and shareholders holding 1,000 shares (10 units) or more of the company's product bundles (equivalent to approximately 5,500 yen).
Kibun Foods Research Memo (12): The idea is to gradually raise the dividend payout ratio with a target of around 20% for the time being
■Shareholder Return Policy 1. Dividend Policy Kibun Foods <2933> considers return of profits to shareholders as one of the important management issues, and while securing internal reserves necessary for future business development and strengthening financial position, it is said that stable dividends will continue to be implemented by comprehensively considering business results and future prospects. As for internal reserves, from a medium- to long-term perspective, we allocate mainly efficiency promotion and expansion of existing businesses and investment in new businesses, and work to stabilize corporate competitiveness and management base over the long term, and companies
Kibun Foods Research Memo (7): Strong domestic performance covers overseas struggles
In terms of financial results by segment, the overseas food business experienced a 2-digit decrease in sales and profit compared to the same period last year, but the domestic food business increased sales/significant profit, and the food-related business increased sales/profit. Strong domestic business covered the struggles of overseas business, so we were able to secure an increase in sales and profit even during the consolidated period as a whole.
Kibun Foods Research Memo (4): Developing domestic food business, overseas food business, and food-related business
The Kibun Foods <2933> Group consists of the company, 14 consolidated subsidiaries (7 domestic companies, 7 overseas companies), 1 unconsolidated subsidiary (1 domestic company), and 3 equity law applicable related companies (1 domestic company, 2 overseas companies), and its main business is the manufacture and sale of fishery paste products, side dishes, and fishery delicacies, and the purchase and sale of food.
Kibun Foods Research Memo (3): Stable domestic growth, overseas demand expansion
■Company Overview 2. Industry environmental fishery paste products are a general term for foods such as kamaboko, chikuwa, deep-fried satsuma, hanpen, etc., and are made by grinding fish meat, the main ingredient, and kneaded by adding seasonings, etc. and heated. It has long been made in various parts of Asia, but since fish used as raw materials differ from place to place, there are various types of fishery paste products in Japan. According to Kibun Foods <2933>, although production volume of fishery paste products decreased from the peak of over 1 million tons, it has been good since the 2010s
Kibun Foods Research Memo (2): Top manufacturer of fishery paste products whose demand is expanding as health food
■Company Overview 1. Company Overview Kibun Foods <2933> is a leading manufacturer of fishery paste products, such as kamaboko, chikuwa, deep-fried satsuma, hanpen, and crab sticks (crab-flavored kamaboko), where demand is growing both domestically and internationally. In the domestic food business, we mainly sell fishery paste products to supermarkets and convenience stores, and provide noodle-like products such as Chinese side dishes and health-conscious “carbohydrate 0g noodles” that meet simple and ready-to-eat needs. In the overseas food business, it is mainly manufactured in Thailand
Kibun Foods Research Memo (1): Significant improvement in operating profit, momentum for medium-term regrowth
■Summary 1. Company Overview Kibun Foods <2933> is a top manufacturer of fishery paste products with a reputation under the Kibun brand, and mainly sells them to supermarkets and convenience stores. Fisheries paste products are a general term for kamaboko, chikuwa, deep-fried satsuma, hanpen, etc., and since fish used as raw materials differ from place to place, various types of products have been made in each region. The company was the first to advance a full line of fishery paste products from all over Japan, and is also a chilled logistics and seller
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