<p>在看到 Nichirei（東京證券交易所代碼：2871）最近的表現後，很難感到興奮，因為其股票在過去三個月中下跌了 6.8%。然而，該公司的基本面看起來相當不錯，長期財務狀況通常與未來市場價格走勢一致。具體來説，我們決定在本文中研究 Nichirei 的股本回報率（ROE）。</p>
<p>股本回報率（ROE）是評估公司如何有效地利用股東投資產生回報的有用工具。簡單來説，它衡量的是公司相對於股東權益的盈利能力。</p>
<p>我們發現 21 只美國股票預計明年將支付超過 6% 的股息收益率。查看完整列表，免費獲取。</p>
<h2>ROE 是如何計算的？</h2>
<p><strong>股本回報率可以通過以下公式計算：</strong></p>
<p>股本回報率 = 淨利潤（來自持續經營）÷ 股東權益</p>
<p>因此，根據上述公式，Nichirei 的 ROE 為：</p>
<p>9.7% = JP¥26b ÷ JP¥273b（基於截至 2025 年 6 月的過去十二個月）。</p>
<p>“回報” 是企業在過去一年中獲得的收入。這意味着，對於每 ¥1 的股東投資，公司產生了 ¥0.10 的利潤。</p>
<p>查看我們對 Nichirei 的最新分析</p>
<h2>ROE 與盈利增長有什麼關係？</h2>
<p>到目前為止，我們瞭解到 ROE 是衡量公司盈利能力的指標。根據公司選擇再投資或 “保留” 的利潤比例，我們能夠評估公司未來產生利潤的能力。假設其他條件不變，ROE 和利潤保留越高，公司相對於不具備這些特徵的公司，其增長率就越高。</p>
<h2>Nichirei 的盈利增長與 9.7% 的 ROE</h2>
<p>首先，Nichirei 的 ROE 看起來是可以接受的。尤其是與行業平均水平 7.6% 相比，該公司的 ROE 看起來相當令人印象深刻。然而，Nichirei 在過去五年中僅實現了 4.6% 的微弱增長。通常情況下，當一家公司有高回報率時，其盈利增長率也應該較高。這種情況通常發生在公司將大量盈利作為股息支付，或面臨競爭壓力時。</p>
<p>我們隨後將 Nichirei 的淨收入增長與行業進行了比較，發現該公司的增長數據低於同一五年期間行業平均增長率 8.8%，這讓人有些擔憂。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/876656-past-earnings-growth-1-dark-2/1756076855666?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/876656-past-earnings-growth-1-dark-2/1756076855666"/></p>
<p>東京證券交易所代碼：2871 過去的盈利增長 2025 年 8 月 24 日</p>
<p>盈利增長是股票估值的一個重要因素。投資者應該嘗試確定預期的盈利增長或下降，無論是哪種情況，是否已經被市場定價。通過這樣做，他們將能夠了解股票是否正朝着清晰的藍海前進，還是面臨泥濘的水域。市場是否已經定價了 2871 的未來前景？您可以在我們最新的內在價值信息圖研究報告中找到答案。</p>
<h2>Nichirei 是否有效利用其利潤？</h2>
<p>儘管有 36% 的適度三年中位數派息比率（意味着公司保留了剩餘的 64% 收入），但 Nichirei 的盈利增長仍然相當低。因此，這裏可能存在其他因素在影響增長。例如，企業面臨了一些逆風。</p>
<p>此外，Nichirei 在至少十年的時間裏一直在支付股息，這表明保持股息支付對管理層來説比業務增長更為重要，即使這可能會以犧牲業務增長為代價。</p>
<h2>總結</h2>
<p>總體來看，Nichirei 的業務似乎有一些積極的方面。然而，低盈利增長讓人有些擔憂，尤其是考慮到公司有高回報率並且正在再投資大量利潤。從表面上看，可能還有一些其他因素，未必在企業的控制之內，正在阻礙增長。儘管如此，最新的分析師預測顯示，該公司將繼續看到盈利的擴張。要了解更多關於公司未來盈利增長預測的信息，請查看這份關於公司分析師預測的 <strong>免費</strong> 報告，以獲取更多信息。</p>

2871

<p>日清食品公司的股票在過去三個月中下跌了 6.8%，儘管基本面表現尚可。該公司的股本回報率（ROE）為 9.7%，高於行業平均水平的 7.6%。然而，過去五年的盈利增長僅為 4.6%，落後於行業平均的 8.8%。儘管公司的派息率為 36%，屬於適中水平，但仍面臨可能阻礙增長的挑戰。分析師預測盈利將持續擴張，顯示出未來改善的潛力</p>

<p>It is hard to get excited after looking at Nichirei's (TSE:2871) recent performance, when its stock has declined 6.8% over the past three months. However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. Specifically, we decided to study Nichirei's ROE in this article.</p>
<div class="lb-trans"><p>在看到 Nichirei（東京證券交易所代碼：2871）最近的表現後，很難感到興奮，因為其股票在過去三個月中下跌了 6.8%。然而，該公司的基本面看起來相當不錯，長期財務狀況通常與未來市場價格走勢一致。具體來説，我們決定在本文中研究 Nichirei 的股本回報率（ROE）。</p>
</div><p>ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.</p>
<div class="lb-trans"><p>股本回報率（ROE）是評估公司如何有效地利用股東投資產生回報的有用工具。簡單來説，它衡量的是公司相對於股東權益的盈利能力。</p>
</div><p>We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.</p>
<div class="lb-trans"><p>我們發現 21 只美國股票預計明年將支付超過 6% 的股息收益率。查看完整列表，免費獲取。</p>
</div><h2>How Is ROE Calculated?</h2>
<div class="lb-trans"><h2>ROE 是如何計算的？</h2>
</div><p><strong>Return on equity can be calculated by using the formula:</strong></p>
<div class="lb-trans"><p><strong>股本回報率可以通過以下公式計算：</strong></p>
</div><p>Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity</p>
<div class="lb-trans"><p>股本回報率 = 淨利潤（來自持續經營）÷ 股東權益</p>
</div><p>So, based on the above formula, the ROE for Nichirei is:</p>
<div class="lb-trans"><p>因此，根據上述公式，Nichirei 的 ROE 為：</p>
</div><p>9.7% = JP¥26b ÷ JP¥273b (Based on the trailing twelve months to June 2025).</p>
<div class="lb-trans"><p>9.7% = JP¥26b ÷ JP¥273b（基於截至 2025 年 6 月的過去十二個月）。</p>
</div><p>The 'return' is the income the business earned over the last year. So, this means that for every ¥1 of its shareholder's investments, the company generates a profit of ¥0.10.</p>
<div class="lb-trans"><p>“回報” 是企業在過去一年中獲得的收入。這意味着，對於每 ¥1 的股東投資，公司產生了 ¥0.10 的利潤。</p>
</div><p>Check out our latest analysis for Nichirei</p>
<div class="lb-trans"><p>查看我們對 Nichirei 的最新分析</p>
</div><h2>What Has ROE Got To Do With Earnings Growth?</h2>
<div class="lb-trans"><h2>ROE 與盈利增長有什麼關係？</h2>
</div><p>So far, we've learned that ROE is a measure of a company's profitability. Based on how much of its profits the company chooses to reinvest or &#34;retain&#34;, we are then able to evaluate a company's future ability to generate profits. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.</p>
<div class="lb-trans"><p>到目前為止，我們瞭解到 ROE 是衡量公司盈利能力的指標。根據公司選擇再投資或 “保留” 的利潤比例，我們能夠評估公司未來產生利潤的能力。假設其他條件不變，ROE 和利潤保留越高，公司相對於不具備這些特徵的公司，其增長率就越高。</p>
</div><h2>Nichirei's Earnings Growth And 9.7% ROE</h2>
<div class="lb-trans"><h2>Nichirei 的盈利增長與 9.7% 的 ROE</h2>
</div><p>To start with, Nichirei's ROE looks acceptable. Especially when compared to the industry average of 7.6% the company's ROE looks pretty impressive. Yet, Nichirei has posted measly growth of 4.6% over the past five years. This is generally not the case as when a company has a high rate of return it should usually also have a high earnings growth rate. Such a scenario is likely to take place when a company pays out a huge portion of its earnings as dividends, or is faced with competitive pressures.</p>
<div class="lb-trans"><p>首先，Nichirei 的 ROE 看起來是可以接受的。尤其是與行業平均水平 7.6% 相比，該公司的 ROE 看起來相當令人印象深刻。然而，Nichirei 在過去五年中僅實現了 4.6% 的微弱增長。通常情況下，當一家公司有高回報率時，其盈利增長率也應該較高。這種情況通常發生在公司將大量盈利作為股息支付，或面臨競爭壓力時。</p>
</div><p>We then compared Nichirei's net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 8.8% in the same 5-year period, which is a bit concerning.</p>
<div class="lb-trans"><p>我們隨後將 Nichirei 的淨收入增長與行業進行了比較，發現該公司的增長數據低於同一五年期間行業平均增長率 8.8%，這讓人有些擔憂。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/876656-past-earnings-growth-1-dark-2/1756076855666" alt="" original-src="https://images.simplywall.st/asset/chart/876656-past-earnings-growth-1-dark-2/1756076855666"/></p>
<p>TSE:2871 Past Earnings Growth August 24th 2025</p>
<div class="lb-trans"><p>東京證券交易所代碼：2871 過去的盈利增長 2025 年 8 月 24 日</p>
</div><p>Earnings growth is a huge factor in stock valuation. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Has the market priced in the future outlook for 2871? You can find out in our latest intrinsic value infographic research report.</p>
<div class="lb-trans"><p>盈利增長是股票估值的一個重要因素。投資者應該嘗試確定預期的盈利增長或下降，無論是哪種情況，是否已經被市場定價。通過這樣做，他們將能夠了解股票是否正朝着清晰的藍海前進，還是面臨泥濘的水域。市場是否已經定價了 2871 的未來前景？您可以在我們最新的內在價值信息圖研究報告中找到答案。</p>
</div><h2>Is Nichirei Making Efficient Use Of Its Profits?</h2>
<div class="lb-trans"><h2>Nichirei 是否有效利用其利潤？</h2>
</div><p>Despite having a moderate three-year median payout ratio of 36% (implying that the company retains the remaining 64% of its income), Nichirei's earnings growth was quite low. So there might be other factors at play here which could potentially be hampering growth. For example, the business has faced some headwinds.</p>
<div class="lb-trans"><p>儘管有 36% 的適度三年中位數派息比率（意味着公司保留了剩餘的 64% 收入），但 Nichirei 的盈利增長仍然相當低。因此，這裏可能存在其他因素在影響增長。例如，企業面臨了一些逆風。</p>
</div><p>In addition, Nichirei has been paying dividends over a period of at least ten years suggesting that keeping up dividend payments is way more important to the management even if it comes at the cost of business growth.</p>
<div class="lb-trans"><p>此外，Nichirei 在至少十年的時間裏一直在支付股息，這表明保持股息支付對管理層來説比業務增長更為重要，即使這可能會以犧牲業務增長為代價。</p>
</div><h2>Summary</h2>
<div class="lb-trans"><h2>總結</h2>
</div><p>In total, it does look like Nichirei has some positive aspects to its business. Yet, the low earnings growth is a bit concerning, especially given that the company has a high rate of return and is reinvesting ma huge portion of its profits. By the looks of it, there could be some other factors, not necessarily in control of the business, that's preventing growth. That being so, the latest analyst forecasts show that the company will continue to see an expansion in its earnings. To know more about the company's future earnings growth forecasts take a look at this <strong>free</strong> report on analyst forecasts for the company to find out more.</p>
<div class="lb-trans"><p>總體來看，Nichirei 的業務似乎有一些積極的方面。然而，低盈利增長讓人有些擔憂，尤其是考慮到公司有高回報率並且正在再投資大量利潤。從表面上看，可能還有一些其他因素，未必在企業的控制之內，正在阻礙增長。儘管如此，最新的分析師預測顯示，該公司將繼續看到盈利的擴張。要了解更多關於公司未來盈利增長預測的信息，請查看這份關於公司分析師預測的 <strong>免費</strong> 報告，以獲取更多信息。</p>
</div>

日冷株式會社（TSE:2871）的股票最近表現疲軟，但其財務前景看起來相當不錯：市場是否判斷錯誤？