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. All 31 COSTCO stores are selling Next Kalbi 2.1 from March 2023. Next Meats Co., Ltd. sells Next Skirt steak to ORIENTAL LAND Co., Ltd. and Next Skirt steak is used in a restaurant in Tokyo Disney land. Next Meats Co., Ltd. has successfully developed the room temperature type Next Kalbi 2.0 and signed an exclusive distribution agreement with Van Gelder, a leading Dutch food company, in April 2023. Next Meats Co., Ltd. has begun marketing its room-temperature Next Kalbi 2.0 in the United States. The product is scheduled to go on sale in the U.S. through an e-commerce site in October 2023. Next Meats Co., Ltd. is referred to herein as “NMCO”, and Next Meats Holdings, Inc., is referred to herein as “the Company”, and or “NXMH.” The current shareholders of Next Meats Co., Ltd. are referred to herein as “NMCO shareholders”.
Company profile
Ticker
NXMH
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Turnkey Solutions, Inc.
SEC CIK
Latest filings (excl ownership)
SEC STAFF ACTION
SEC staff action: Order
9 Apr 24
10-Q
2024 Q3
Quarterly report
25 Mar 24
NT 10-Q
Notice of late quarterly filing
18 Mar 24
8-K
Unregistered Sales of Equity Securities
13 Dec 23
10-Q
2024 Q2
Quarterly report
8 Dec 23
10-Q
2024 Q1
Quarterly report
7 Nov 23
8-K
Unregistered Sales of Equity Securities
31 Oct 23
Latest ownership filings
SC 13D/A
White Knight Co., Ltd.
15 Apr 24
4
Change in insider ownership
11 Apr 24
4
Koichi Ishizuka
11 Apr 24
SC 13D/A
Shirai Ryo
1 Nov 23
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
Financial summary
Quarter (USD) | Oct 23 | Jul 23 | Apr 23 | Jan 23 | |
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Diluted EPS |
Annual (USD) | Apr 23 | Apr 22 | Apr 21 | |
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Operating income | ||||
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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) | 26.84 k | 26.84 k | 26.84 k | 26.84 k | 26.84 k | 26.84 k |
Cash burn (monthly) | 47.07 k | 2.61 k | (no burn) | 103.04 k | 62.98 k | 119.17 k |
Cash used (since last report) | 273.03 k | 15.13 k | n/a | 597.71 k | 365.35 k | 691.30 k |
Cash remaining | -246.19 k | 11.72 k | n/a | -570.87 k | -338.50 k | -664.46 k |
Runway (months of cash) | -5.2 | 4.5 | n/a | -5.5 | -5.4 | -5.6 |
Institutional ownership, Q3 2022
8.0% 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 |
---|---|---|---|---|---|---|---|---|---|---|
4 Apr 24 | Ishizuka Koichi | Common Stock | Buy | Acquire P | Yes | No | 0.0145 | 9,584,227 | 138.97 k | 212,508,202 |
4 Apr 24 | Ishizuka Koichi | Common Stock | Sell | Dispose S | Yes | No | 0.0145 | 9,584,227 | 138.97 k | 202,923,975 |
4 Apr 24 | White Knight | Common Stock | Buy | Acquire P | No | No | 0.0145 | 9,584,227 | 138.97 k | 212,508,202 |
4 Apr 24 | White Knight | Common Stock | Sell | Dispose S | No | No | 0.0145 | 9,584,227 | 138.97 k | 202,923,975 |
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 |