Fuji Nihon Corporation (2114) Stock Price

Market cap
¥32.2B
P/E ratio
10.7x
Fuji Nihon produces refined sugar and food additives while operating real estate and other businesses across Japan and Thailand.

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Business Overview

Fuji Nihon operates three main business segments: refined sugar, functional materials, and real estate. These businesses are conducted through Fuji Nihon and its affiliated companies and consolidated subsidiaries.

In the refined sugar business, Fuji Nihon manufactures and sells refined sugar and sugar-related products. Nanei Sugar Industries Co., Ltd. produces raw sugar in Kagoshima Prefecture, and Fuji Nihon purchases a portion of this output. Pacific Sugar Co., Ltd. manufactures refined sugar on a contract basis for Fuji Nihon and other competitors in the industry.

In the functional materials business, Fuji Nihon manufactures, processes, and sells food additives. Its consolidated subsidiary Fuji Nihon Thai Inulin Co., Ltd. manufactures and sells inulin, a functional food ingredient. Fuji Nihon Shoji Co., Ltd. handles functional food materials such as fruit juice concentrates and flavoring agents.

In the real estate business, Fuji Nihon leases land and buildings it owns and engages in other real estate-related operations. This provides a stable revenue base.

In other operations, Fuji Nihon manufactures and sells cut flower preservative "Keep Flower." Additionally, FUJI NIHON (Thailand) Co., Ltd. sells food products in Thailand, and DAY PLUS (THAILAND) Co., Ltd. manufactures and sells bread products.

Management Policy

Fuji Nihon aims to be "a company full of dreams and vitality" and is committed to contributing to healthy living through its corporate philosophy. Under this philosophy, the company's basic policy is to increase satisfaction among shareholders, business partners, and employees, contribute to society through food culture, and enhance corporate value.

The company has adopted the purpose "Empower the world through food science!" and seeks to create new value through food science technology utilizing sustainable biological resources, energizing people worldwide. To achieve this goal, the company has formulated "NEXT VISION 2040," a long-term vision through 2040.

To realize its long-term vision, Fuji Nihon formulates medium-term management plans that cycle every five years, three times over. The current medium-term management plan "CHANGE 2028" launched in fiscal year 2024 under the slogan "Shift to Offense," with five priority themes as its pillars.

The company uses operating profit as a growth indicator and emphasizes ROE, DOE, and D/E ratio. Through these measures, the company aims for sustainable growth by improving operational efficiency, enhancing shareholder returns, and ensuring financial stability.

Fuji Nihon operates three businesses: refined sugar, functional materials, and real estate. In the refined sugar business, the company strengthens sales operations and rigorous quality control to increase customer satisfaction and ensure stable supply. In the functional materials business, the company focuses on expanding domestic and international sales and developing new products.

In the real estate business, the company secures stable earnings through maintenance and management of its owned properties. Additionally, in the newly entered cassava starch manufacturing and sales business, the company works with partner companies in Thailand to develop and sell value-added products.

Fuji Nihon aims to enhance corporate vitality through improving profitability across each business segment, developing new businesses and products, and pursuing M&A activities. In particular, the company is pursuing further growth through aggressive expansion of overseas operations.

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