Acquisition of Assets for Alaska Pollock Operations
First written in FY2022-Q3. 3 of 7 entries say "Advanced", first in FY2023-Q1. Latest entry: FY2026.
1 other company's latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In the consolidated fiscal year, structural reforms (improvements in operating efficiency, withdrawal from certain businesses and integration of North American production sites), production improvements (measures to address high water temperatures and optimization of the product mix) and increased sales (farmed fish and Alaska pollock products) contributed to overall increases in revenue and profit.」
The integration of North American production bases, including those for the Alaska pollock business, and improvements in operating efficiency were implemented as structural reforms and contributed to improved operating results in the marine resources business. - FY2026-H1AdvancedAnnual report
「During the interim consolidated accounting period, the market for walleye pollock, the North American Unit's main product, remained firm. The effects of cost reductions from integrating production sites and strong sales of surimi products in the United States also contributed, resulting in lower revenue and higher profit overall.」
In the Alaska pollock business, cost reductions through the integration of production bases and expanded sales of crab-flavored fish paste in the United States progressed, and the marine resources business improved from an operating loss of ¥2,312 million in the same period of the previous year to operating profit of ¥1,011 million. - FY2025-H1Lower profit in North America due to weak Alaska pollock market conditionsAnnual report
「The North American unit reported higher revenue due to increased sales volumes of products such as Pacific cod, but continued weakness in market conditions for its core surimi and Alaska pollock fillet products led to lower profit as margins declined.」
While operating the acquired Alaska pollock assets and resources as the foundation of the North American business, higher sales volumes were offset by lower margins and profit due to weak market conditions for surimi and fillets. - FY2023-Q3RestatedAnnual report
「In North America, improved production efficiency and newly acquired Alaska pollock resources contributed to higher production, while higher selling prices in a firm market resulted in higher revenue and profit.」
The third-quarter results also confirmed that the Alaska pollock-related assets and resources acquired in FY2022 contributed to increased production in the North American business. - FY2023-Q1AdvancedAnnual report
「In North America, improved production efficiency and newly acquired Alaska pollock resources contributed to higher production,」
It was stated that the Alaska pollock-related assets and resources acquired in FY2022 contributed to increased production in the North American business. - FY2022RestatedAnnual report
「As a result of this acquisition, the share of access to onshore quotas will increase from 31% to 41%, giving the onshore business the leading market share.」
The full-year disclosure confirmed the acquisition of an Alaska pollock processing facility and 9 vessels with fishing quotas, the expansion of the access share from 31% to 41%, and the concentration of management resources on the North American business. - FY2022-Q3First statedAnnual report
「At a board of directors meeting held on 20 December 2021, the company resolved for its consolidated subsidiaries Maruha Capital Investment, Inc. (hereinafter “MCII”) and Westward Seafoods, Inc. (hereinafter “WSI”) to acquire assets for Alaska pollock operations from Icicle Seafoods, Inc. The assets were acquired in January 2022.」
The company acquired a processing facility and 9 vessels with Alaska pollock fishing quotas, expanding its access share from 31% to 41% and becoming the leading operator in the shore-based business. It disclosed for the first time specific investments and business restructuring measures, including establishing a new local partner and a fishing-vessel holding company and concentrating management resources on its North American Alaska pollock business.