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Japanese seafood and fisheries company (Nippon Suisan Kaisha) selling frozen, processed and fine chemical marine products.
Japanese seafood and fisheries company (Nippon Suisan Kaisha) selling frozen, processed and fine chemical marine products.
Runs the chain from catching and farming fish through processing and sale, so marine trading and processed foods for supermarkets and restaurants are the largest lines, while a small fine-chemicals unit sells purified fish oil to drug and supplement makers. Its US subsidiary Gorton's sells frozen fish under its own name.
In one line: Japan's answer to a diversified US seafood company.
Moat: narrow (scale, distribution, process know-how). Global fishing/processing scale plus proprietary marine biochemical (EPA/fish oil) extraction know-how.
Headquarters: Tokyo, Japan · Founded: 1911 · Employees: 11,526
Size Nissui (1332.T) is a Japan Consumer Staples company (Food: Specialty/Candy) with a market value of $1.97B, the 489th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,022 on 6 Nov 2026.
Performance Over six months the shares fell 16.5%, against +2.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 8.1% over the last twelve months (peer median +3.0%); the operating margin is 4.4% (peer median 7.8%).
Valuation It trades at 10.8× forward earnings against a peer median of 19.5× (4th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -8 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.0 points below its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥963B | ¥931B | ¥886B | ¥831B | ¥768B |
| Revenue growth | — | +5% | +7% | +8% | — |
| Gross profit | ¥157B | ¥150B | ¥137B | ¥123B | ¥114B |
| EBITDA | ¥71.2B | ¥67.6B | ¥57.5B | ¥52.5B | ¥45.2B |
| Net income | ¥28.4B | ¥27.5B | ¥25.4B | ¥23.9B | ¥21.2B |
| Free cash flow | n/a | ¥10.2B | ¥10.5B | ¥29.3B | -¥17.5B |
| Capital expenditure | n/a | ¥44.4B | ¥31.0B | ¥26.3B | ¥22.8B |
| Total debt | ¥301B | ¥270B | ¥215B | ¥212B | ¥211B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Nissui 1332.T | $1.97B | -16% | +8% | 4% | 10.8× | 0.9% |
| Umios 1333.T | $1.14B | -10% | +3% | 3% | n/a | n/a |
| Kyokuyo 1301.T | $331M | -3% | +11% | 3% | n/a | n/a |
| Nichirei 2871.T | $3.42B | +13% | +10% | 5% | 24.2× | 2.4% |
| Mowi MOWI.OL | $12.4B | +12% | +10% | 13% | 17.8× | 7.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1332.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.4% | +3.6% | 2nd lowest of 21 |
| 6-month return | -16.5% | +2.4% | 6th lowest of 21 |
| Distance from 52-week high | -34.0% | -14.0% | 5th lowest of 21 |
| Revenue growth (TTM) | +8.1% | +3.0% | 6th highest of 21 |
| Operating margin | 4.4% | 7.8% | 5th lowest of 21 |
| Forward P/E | 10.8× | 19.5× | 4th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 0.9% | 0.2% | 9th most demanding of 19 |
| Growth delivered (Del g) | +8.7% | +6.0% | 6th highest of 19 |
| Hurdle (Req g minus delivered) | -7.8 pp | -4.4 pp | 6th least demanding of 19 |
| ROIC minus cost of capital | -0.0 pp | +3.3 pp | 5th lowest of 21 |
| EV / EBITDA | 8.3× | 8.4× | 6th cheapest of 14 |
| Net debt / EBITDA | 3.8× | 0.8× | 3rd most indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nissui 1332.T | Japan | $1.97B | -16% | +8% | 4% | 10.8× | 0.9% | +8.7% |
| Chongqing Fuling Zhacai 002507.SZ | China | $2.04B | -6% | +3% | 28% | 18.0× | -0.9% | +1.4% |
| UTZ Brands UTZ | United States | $2.05B | +90% | +2% | 4% | 17.9× | 31.8% | +8.3% |
| Robertet RBT.PA | France | $1.84B | +4% | 0% | 15% | 18.3× | -0.4% | +9.4% |
| Anhui Jinhe Industrial 002597.SZ | China | $1.83B | -8% | +22% | 4% | 19.4× | 10.3% | +6.0% |
| Cloetta CLA-B.ST | Sweden | $1.82B | +16% | 0% | 14% | 20.9× | -0.3% | +8.4% |
| Weilong Delicious Global 9985.HK | Hong Kong | $2.22B | -20% | +13% | 25% | 9.6× | -6.3% | +11.1% |
| Nongshim 004370.KS | South Korea | $1.74B | +8% | +5% | 6% | 11.8× | -16.1% | +5.9% |
| Sichuan Teway Food 603317.SS | China | $2.24B | -18% | +22% | 21% | 20.4× | 2.9% | +7.8% |
| Corbion CRBN.AS | Netherlands | $1.73B | +37% | -3% | 8% | 19.6× | 11.5% | +5.1% |
| Gambol Pet 301498.SZ | China | $2.25B | -32% | +14% | 7% | 43.6× | n/a | n/a |
| Yantai North Andre Juice 2218.HK | Hong Kong | $2.31B | +27% | -14% | 18% | 21.9× | 21.9% | +14.0% |
| J & J Snack Foods JJSF | United States | $1.68B | +18% | -5% | 6% | 24.1× | 6.8% | +9.1% |
| Premier Foods PFD.L | United Kingdom | $2.34B | +3% | +2% | 18% | 12.6× | -1.3% | +4.4% |
| Three Squirrels 300783.SZ | China | $1.66B | -12% | -13% | 2% | 21.5× | 19.5% | +0.8% |
| Kanematsu 8020.T | Japan | $2.35B | +2% | +4% | 5% | 9.6× | -2.4% | +10.5% |
| Nomad Foods NOMD | United States | $1.64B | +24% | +3% | 13% | 7.3× | -4.1% | +3.6% |
| CALBEE 2229.T | Japan | $2.37B | +7% | +5% | 8% | 22.0× | -1.8% | +5.0% |
| Lotus 600186.SS | China | $2.37B | -18% | +21% | 13% | 35.2× | n/a | n/a |
| Sanquan Foods 002216.SZ | China | $1.56B | -18% | +7% | 5% | 18.1× | 2.6% | -1.1% |
| Suedzucker SZU.DE | Germany | $2.57B | -5% | -5% | -3% | 34.2× | 0.7% | +4.6% |