Next Meats Co., Ltd. is a Japanese Company that operates in the “alternative meat” industry. It currently offers, and plans to continue to offer, amongst other things, artificial chicken and beef products made from meat substitutes. The product offerings from Next Meats Co., Ltd. are currently sold to various food distributors, supermarkets, and restaurant groups.
Company profile
Ticker
NXMH
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Turnkey Solutions, Inc.
SEC CIK
Latest filings (excl ownership)
10-Q
2023 Q2
Quarterly report
20 Jan 23
8-K/A
Unregistered Sales of Equity Securities
28 Dec 22
8-K
Unregistered Sales of Equity Securities
23 Dec 22
NT 10-Q
Notice of late quarterly filing
15 Dec 22
8-K
Unregistered Sales of Equity Securities
5 Dec 22
10-Q
2023 Q1
Quarterly report
4 Nov 22
10-K
2022 FY
Annual report
29 Sep 22
NT 10-Q
Notice of late quarterly filing
14 Sep 22
NT 10-K
Notice of late annual filing
29 Jul 22
8-K
Departure of Directors or Certain Officers
13 Jul 22
Latest ownership filings
SC 13D/A
White Knight Co., Ltd.
17 Jan 23
SC 13D/A
Shirai Ryo
17 Jan 23
SC 13D/A
Sasaki Hideyuki
17 Jan 23
4
Hideyuki Sasaki
4 Jan 23
4
Change in insider ownership
4 Jan 23
4
Ryo Shirai
4 Jan 23
4
Koichi Ishizuka
4 Jan 23
SC 13D/A
Dr. Foods, Inc.
12 Jul 22
4
Dr. Foods, Inc.
8 Jul 22
4
Change in insider ownership
1 Jun 22
Financial summary
| Quarter (USD) | Oct 22 | Jul 22 | Apr 22 | Jan 22 | |
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| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Apr 22 | Apr 21 | |
|---|---|---|---|
| Revenue | |||
| Cost of revenue | |||
| Operating income | |||
| Operating margin | |||
| Net income | |||
| Net profit margin | |||
| Cash on hand | |||
| Change in cash | |||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 58.14 k | 58.14 k | 58.14 k | 58.14 k | 58.14 k | 58.14 k |
| Cash burn (monthly) | 8.58 k | 212.49 k | 248.70 k | 396.70 k | (no burn) | 347.01 k |
| Cash used (since last report) | 26.53 k | 657.41 k | 769.45 k | 1.23 mm | n/a | 1.07 mm |
| Cash remaining | 31.61 k | -599.27 k | -711.31 k | -1.17 mm | n/a | -1.02 mm |
| Runway (months of cash) | 3.7 | -2.8 | -2.9 | -2.9 | n/a | -2.9 |
Institutional ownership, Q3 2022
7.0% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 1 |
| Opened positions | 0 |
| Closed positions | 0 |
| Increased positions | 0 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 0.00 |
| Total shares | 35.00 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Next Meats | 35.00 mm | $0.00 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 22 Nov 22 | Ishizuka Koichi | Common Stock | Sell | Acquire S | No | No | 0.001 | 79,521,051 | 79.52 k | 100,451,120 |
| 22 Nov 22 | Ryo Shirai | Common Stock | Sell | Dispose S | No | No | 0.001 | 25,112,780 | 25.11 k | 50,225,560 |
| 22 Nov 22 | Ryo Shirai | Common Stock | Sell | Dispose S | No | No | 0.001 | 79,521,051 | 79.52 k | 75,338,340 |
| 22 Nov 22 | Ryo Shirai | Common Stock | Sell | Dispose S | No | No | 0.001 | 8,229,451 | 8.23 k | 154,859,391 |
| 22 Nov 22 | White Knight | Common Stock | Sell | Acquire S | No | No | 0.001 | 112,863,282 | 112.86 k | 212,508,202 |
| 22 Nov 22 | White Knight | Common Stock | Sell | Acquire S | No | No | 0.001 | 8,229,451 | 8.23 k | 99,644,920 |
| 22 Nov 22 | Hideyuki Sasaki | Common Stock | Sell | Dispose S | No | No | 0.001 | 112,863,282 | 112.86 k | 50,225,560 |
| 1 Jul 22 | Next Meats | Series Z Preferred Stock | Sell | Dispose S | No | No | 29.52 | 5,000 | 147.60 k | 0 |