Worth reading
24Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedKey initiatives
01Expand transactions with major customers
02Market Expansion
03Expanding the Overseas Business
04Improve efficiency from raw material procurement through product sales with partner companies
05Risk Management
06Contribute to society through food
07Strengthening the Business Foundation
08Strengthening the Financial Base
09Strengthen the human capital foundation
Plan assumptionsFish consumption in Japan has continued to decline since peaking in fiscal years 2001–2005, falling to nearly half its peak level in fiscal 2025, From 2030 onward, declining birthrates and population aging, including the advent of a super-aged society, are expected to reach their peak, Competition for resources, including marine products, has intensified worldwide, resulting in higher raw material costs, Dining occasions continue to change in a society facing labor shortages and the widespread adoption of hybrid work, More than 40% of procurement has been dependent on China
Risks identified by the company
Population decline and the declining birthrate in Japanese society
Declining birthrates and population aging, including a super-aged society
Worldwide competition for resources, including marine products, and rising raw material costs
Changes in dining occasions caused by labor shortages and hybrid work
Country Risk
Dependence on China for more than 40% of procurement
There has been no clear prospect of ending the measures suspending imports of raw materials originating in Japan since August 2023
Declining domestic catch volumes
Rising prices of overseas resources
Foreign-exchange volatility
Intensifying price competition
| Item | Details |
|---|---|
| Plan name | New Medium-Term Management Plan (2026–2028) |
| Plan period | FY2026-FY2028 |
| Progress against the plan | Formulated |
| Plan assumptions | Fish consumption in Japan has continued to decline since peaking in fiscal years 2001–2005, falling to nearly half its peak level in fiscal 2025, From 2030 onward, declining birthrates and population aging, including the advent of a super-aged society, are expected to reach their peak, Competition for resources, including marine products, has intensified worldwide, resulting in higher raw material costs, Dining occasions continue to change in a society facing labor shortages and the widespread adoption of hybrid work, More than 40% of procurement has been dependent on China |
| Key initiatives | Expand transactions with major customers, Market Expansion, Expanding the Overseas Business, Improve efficiency from raw material procurement through product sales with partner companies, Risk Management, Contribute to society through food, Strengthening the Business Foundation, Strengthening the Financial Base, Strengthen the human capital foundation |
| Risks identified | Population decline and the declining birthrate in Japanese society, Declining birthrates and population aging, including a super-aged society, Worldwide competition for resources, including marine products, and rising raw material costs, Changes in dining occasions caused by labor shortages and hybrid work, Country Risk, Dependence on China for more than 40% of procurement, There has been no clear prospect of ending the measures suspending imports of raw materials originating in Japan since August 2023, Declining domestic catch volumes, Rising prices of overseas resources, Foreign-exchange volatility, Intensifying price competition |
| Date of board resolution | 8 May 2026 |
| Publication date | 8 May 2026 |
Items this document does not state (17)
Sales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsResults under the previous planReason for revision or withdrawalSize of the Target Market
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The company explained that product development, stable supply, and the expansion of new sales channels and overseas businesses are necessary against a backdrop of declining domestic fish consumption, declining birthrates and an aging and shrinking population, rising raw material costs due to global competition for resources, labor shortages, and ongoing changes in dining occasions.
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