Structural Reform of the Fisheries-Related Business
First written in FY2021. 6 of 9 entries say "Advanced", first in FY2022-Q3. Latest entry: 2026-08-04.
1 other company's latest entry also says "Advanced".
- 2026-08-04AdvancedResults presentation
「The Fisheries unit has entered the final phase of structural reforms aimed at strengthening its earnings base.」
The Company indicated that structural reforms in the Fisheries unit had entered the final stage. - FY2026AdvancedAnnual report
「The Fisheries Resources Business comprises the Fisheries Unit, which operates fisheries in Japan and overseas; the Aquaculture Unit, which primarily farms Pacific bluefin tuna, yellowtail and greater amberjack in Japan; and the North America Unit, which is based in North America and processes and sells seafood products drawing on North America's abundant fisheries resources. Based on the medium-term management plan's policy of "selecting and concentrating on sustainable businesses," we are strengthening structural reform of unprofitable businesses and a glocal downstream strategy.」
Structural reform of unprofitable businesses, improved operating efficiency, withdrawal from certain businesses, integration of North American production sites, measures to address high water temperatures and optimization of the product mix were implemented, improving the Fisheries Resources Business from an operating loss of ¥3,899 million in the previous fiscal year to operating profit of ¥2,445 million. - 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.」
Regarding structural reform of the fisheries-related businesses, cost reductions from integrating production sites and strong downstream sales of surimi products in the United States were identified as specific factors driving results. - FY2023AdvancedAnnual report
「In the Overseas unit, revenue and profit increased in North America as higher production efficiency and newly acquired Alaska pollock resources contributed to increased production, while selling prices rose amid a firm market.」
Walleye pollock resources positioned as the core of the North American business after its structural reform, together with improved production efficiency, contributed to increased full-year production, higher revenue and higher profit. - FY2023-Q3RestatedAnnual report
「In the Overseas unit, revenue and profit increased in North America as higher production efficiency and newly acquired Alaska pollock resources contributed to increased production, while selling prices rose amid a firm market.」
The company continued to state that walleye pollock resources positioned as the core of the North American business and improved production efficiency contributed to increased production, higher revenue and higher profit. - FY2023-Q1AdvancedAnnual report
「In the Overseas unit, revenue and profit increased in North America as higher production efficiency and newly acquired Alaska pollock resources contributed to increased production, while selling prices rose amid a firm market.」
The walleye pollock resources positioned as the core of the North American business after its structural reform contributed to increased production, and the effects of restructuring the North American business were reflected in results. - FY2022RestatedAnnual report
「Going forward, walleye pollock will be positioned as the core of our group's North American business, and we will concentrate management resources there.」
The company continued its structural reform policy of making walleye pollock the core of its North American business following its withdrawal from the salmon and trout business. - FY2022-Q3AdvancedAnnual report
「The acquisition of assets in the walleye pollock business has completed the reallocation of assets in the North American seafood processing business. Going forward, walleye pollock will be positioned as the core of our group's North American business, and we will concentrate management resources there.」
After withdrawing from the unprofitable salmon and trout business, the company completed the reallocation of assets to make walleye pollock the core of its North American business and moved to the stage of concentrating management resources there. - FY2021First statedAnnual report
「We recognize the following 4 items as structural issues: deterioration in the profitability of offshore purse-seine fisheries; sluggish market conditions and a high-cost structure in the aquaculture business; sluggish market conditions and delays in structural reform in the fish receiving business; and deteriorating profitability at Peter Pan Seafoods in North America. We have begun reducing costs in offshore purse-seine fisheries by reducing the number of unprofitable vessels, lowering the costs of fully farmed fish and strengthening research and development in the aquaculture business, and expanding off-auction transactions in the fish receiving business by strengthening cooperation with the fisheries trading business.」
The structural issues facing the fisheries-related businesses were organized into 4 categories, and reforms including reducing the number of unprofitable vessels, lowering the costs of fully farmed fish, strengthening research and development, and expanding off-auction transactions were stated to have begun.