Maintaining handling volumes despite lower imported seafood supplies, with declining margins
First written in FY2018-Q1. 8 of 33 entries say "Advanced", first in FY2021. Latest entry: 2026-11-13.
Chuo Gyorui moved to the "Worse" side of this theme in 2026.
0 other companies' latest entry also says "Reframed".
- FY2026Profit declines due to higher raw material costs despite sales growth from increased frozen productsAnnual report
「Although landings of popular fish were unstable, increased landings of Pacific saury and higher volumes of frozen products handled resulted in segment sales of ¥149,281 million, up 6.2% year on year. Sales to mass retailers and commercial customers were strong, particularly for shrimp, crab and salmon products. However, segment profit was ¥1,864 million, down 6.9% year on year, due to surging raw material costs and higher collection and sales expenses.」
Compared with the previous year's profit growth driven by strong sales to commercial customers, the business shifted to a pattern of higher sales from increased frozen products and strong sales, but lower profit due to higher raw material costs and collection and sales expenses. - 2026-05-15ReframedResults
「エビ・カニ・サケ等の商材を中心に、量販店や業務筋向けの販売が好調でした。一方、原材料の高騰や集荷販売経費等の増加によりセグメント利益は1,864百万円（前年同期比6.9％減）となりました。」
冷凍品等の販売好調による増収要因がある一方、原材料高と集荷販売経費等の増加により水産物卸売事業は減益となった。 - FY2026-H1Profit declines due to higher raw material prices despite strong salesAnnual report
「During the current interim consolidated accounting period, strong sales to food supermarkets, restaurants and other customers resulted in sales of ¥72,397 million, up 5.8% year on year. However, higher raw material market prices reduced segment profit to ¥1,064 million, down 13.2% year on year.」
Although strong sales to food supermarkets and restaurants increased revenue, higher raw material market prices caused the seafood wholesale business's segment profit to fall below the previous year. - FY2025AdvancedAnnual report
「In the seafood wholesale business, although landings of fresh fish were unstable, increased handling of frozen products resulted in segment sales of ¥140,579 million, up 9.3% year on year. Strong sales of tuna, shrimp, crab and other products to commercial customers resulted in segment profit of ¥2,002 million, up 51.5% year on year.」
Despite continued instability in fresh fish landings, profit improvement in the seafood wholesale business progressed over the full year due to increased handling of frozen products and strong sales to commercial customers. - FY2025-H1AdvancedAnnual report
「During the current interim consolidated accounting period, strong sales to food supermarkets, specialty fresh fish retailers, restaurants and other customers resulted in sales of ¥68,438 million, up 14.4% year on year. Profit margins also improved, and segment profit was ¥1,225 million, up 177.8% year on year.」
Following profit growth in the previous full year driven by strong sales to commercial customers, first-half segment profit increased 177.8% year on year due to strong sales to food supermarkets, specialty fresh fish retailers, restaurants and other customers and improved profit margins. - FY2024Full-year profit growth driven by strong sales to commercial customersAnnual report
「In the seafood wholesale business, segment sales were ¥128,584 million, down 0.3% year on year, partly because landings of popular fish were unstable. However, strong sales to commercial customers, particularly of shrimp and crab products, resulted in segment profit of ¥1,322 million, up 49.6% year on year.」
Although unstable landings of popular fish led to a slight decline in sales, strong sales of shrimp, crab and other products to commercial customers resulted in segment profit up 49.6% year on year. - FY2024-Q3RestatedAnnual report
「During the nine-month period ended 31 December, unit prices increased, but sales fell to ¥99,976 million, down 1.2% year on year, due to lower sales volume. Segment profit fell to ¥968 million, down 8.5%, due in part to lower market prices for tuna, scallops and other products.」
The seafood wholesale business continued to exhibit a performance structure in which sales volumes declined while unit prices increased, but falling market prices put downward pressure on profit. - FY2024-Q2Profit decline continues due to falling market pricesAnnual report
「During the six-month period ended 30 September, unit prices increased, but sales fell to ¥59,824 million, down 2.5% year on year, due to lower sales volume. Segment profit fell to ¥441 million, down 35.5%, due in part to lower market prices for tuna, scallops, fish roe and other products.」
Although sales volumes declined while unit prices increased, profit in the seafood wholesale business continued to fall due to declining market prices for tuna, scallops, fish roe and other products. - FY2024-Q1WorsenedAnnual report
「During the first quarter of the current consolidated cumulative period, product unit prices increased, but sales volume declined, resulting in sales of ¥30,340 million, down 1.0% year on year. Segment profit was ¥241 million, down 46.7% year on year, partly due to the write-down of some products.」
In addition to lower sales volumes, write-downs of some products reduced profit, resulting in segment profit down 46.7% year on year. - FY2023Full-year sales increase but segment profit declinesAnnual report
「Segment sales were ¥128,909 million, up 12.7% year on year, but segment profit was ¥883 million, down 7.5% year on year, due to higher collection and sales expenses.」
Although the seafood wholesale business achieved higher sales due to higher unit prices and other factors, full-year segment profit declined due to higher collection and sales expenses and a lower gross profit margin. - FY2023-Q3RestatedAnnual report
「During the first nine months of the current consolidated cumulative period, sales volume declined, but higher product unit prices contributed to sales of ¥101,149 million, up 13.9% year on year, and segment profit of ¥1,058 million, up 13.8% year on year.」
As in the second quarter, sales and segment profit in the seafood wholesale business exceeded the previous year as higher product unit prices offset lower sales volumes. - FY2023-Q2AdvancedAnnual report
「During the six-month period ended 30 September, sales volume declined, but the impact of higher unit prices contributed to sales of ¥61,360 million, up 18.0% year on year, and segment profit of ¥684 million, up 204.9%.」
Despite lower sales volumes, higher product prices expanded segment profit in the seafood wholesale business by 204.9% year on year, with profit improvement advancing further from the previous quarter. - FY2023-Q1AdvancedAnnual report
「During the three-month period ended 30 June, sales volume declined, but the substantial increase in unit prices lifted sales to ¥30,638 million, up 18.9% year on year, and segment profit to ¥453 million, up 515.9%.」
Despite lower sales volumes, higher unit prices increased segment profit in the seafood wholesale business from ¥73 million in the same period of the previous year to ¥453 million, further improving profitability. - FY2022AdvancedAnnual report
「In the seafood wholesale business, revenue from sales of products handled on consignment and other activities decreased due to application of the revenue recognition accounting standard. Sales of frozen silver salmon, imported sea urchin, domestic tuna, frozen scallops and yellowtail exceeded the previous year, but sales conditions were generally difficult for farmed yellowtail, snow crab, Japanese flying squid and mackerel. Segment sales were ¥114,336 million, down 36.4% year on year. Gross profit increased, and segment profit was ¥955 million, up 120.7% year on year.」
Although some products faced difficult sales conditions and sales declined due to application of the accounting standard, higher gross profit improved segment profit to ¥955 million, up 120.7% year on year. - FY2022-Q3AdvancedAnnual report
「During the first nine months of the current consolidated cumulative period, revenue from sales of products handled on consignment and center logistics operations and other activities decreased due to the application of the revenue recognition accounting standard and other factors. Sales were ¥88,776 million and segment profit was ¥930 million, up 96.5% year on year.」
Although sales decreased due to application of the revenue recognition accounting standard and other factors, segment profit in the seafood wholesale business increased 96.5% year on year, with profit improvement advancing further from the first half. - FY2022-Q2First-half segment profit increases under the accounting standard applicationAnnual report
「During the first half of the current consolidated cumulative period, revenue from sales of products handled on consignment and center logistics operations and other activities decreased due to the application of the revenue recognition accounting standard. Sales were ¥52,019 million and segment profit was ¥224 million, compared with profit of ¥15 million in the same period of the previous year.」
Although sales of products handled on consignment and other revenue decreased due to application of the revenue recognition accounting standard, segment profit in the seafood wholesale business increased from ¥15 million in the same period of the previous year to ¥224 million. - FY2022-Q1AdvancedAnnual report
「(Seafood wholesale business) During the first quarter of the current consolidated cumulative period, revenue from sales of products handled on consignment and center logistics operations decreased due to the application of the revenue recognition accounting standard and other factors. The impact of the spread of COVID-19 also contributed to sales of ¥25,769 million and segment profit of ¥73 million, compared with a segment loss of ¥73 million in the same period of the previous year.」
Despite lower sales due to the spread of COVID-19 and the application of the accounting standard, the seafood wholesale business turned from a ¥73 million segment loss in the same period of the previous year to a ¥73 million profit. - FY2021AdvancedAnnual report
「In the seafood wholesale business, sales of frozen silver salmon, frozen snow crab, farmed yellowtail and farmed red sea bream exceeded the previous year, but sales conditions were generally difficult for frozen bigeye tuna, frozen southern bluefin tuna, domestic fresh tuna and imported sea urchin. Segment sales were ¥179,885 million, down 3.5% from the previous consolidated fiscal year. Segment profit was ¥432 million, up 36.8% from the previous consolidated fiscal year, due to higher gross profit and lower collection and sales expenses, among other factors.」
Despite continued difficult sales conditions and lower sales, segment profit in the seafood wholesale business increased year on year due to higher gross profit and lower collection and sales expenses. - FY2021-Q3Profit growth continues through cost reductions amid a deteriorating sales environmentAnnual report
「During the cumulative third quarter of the fiscal year, the sales environment deteriorated due to the spread of COVID-19, but as a result of efforts to reduce costs, revenue was ¥137,441 million, down 4.6% year on year, and segment profit was ¥473 million, up 44.8% year on year.」
While the deterioration in the sales environment and lower sales caused by the spread of COVID-19 continued, cost reductions lifted segment profit in the seafood wholesale business by 44.8% year on year, extending the upward profit trend. - FY2021-Q2Segment remains profitable but profit falls sharplyAnnual report
「In the seafood wholesale business, the spread of COVID-19 resulted in sales of ¥81,812 million, down 7.8% year on year, and segment profit of ¥15 million, down 82.0% year on year.」
Although the business returned to a ¥15 million profit from a segment loss in the first quarter, sales declined and segment profit fell sharply, down 82.0% year on year. - FY2021-Q1Seafood wholesale segment turns loss-making due to COVID-19Annual report
「During the first quarter of the current consolidated cumulative period, the spread of COVID-19 resulted in sales of ¥38,390 million, down 15.3% year on year, and a segment loss of ¥73 million, compared with segment profit of ¥80 million in the same period of the previous year.」
The seafood wholesale business, which had returned to profitability in the previous year due to improved margins and other factors, turned from a ¥80 million profit in the same period of the previous year to a ¥73 million loss as the spread of COVID-19 reduced sales. - FY2020Returned to profit for the full yearAnnual report
「In the seafood wholesale business, sales of farmed yellowtail, farmed red sea bream, horse mackerel and frozen bluefin tuna exceeded the previous year, but sales conditions were generally difficult for frozen bigeye tuna, frozen southern bluefin tuna, salmon roe and frozen king crab. Segment sales were ¥186,355 million, down 1.8% from the previous consolidated fiscal year. Segment profit was ¥316 million, compared with a ¥198 million loss in the previous consolidated fiscal year, due to higher gross profit and lower provisions for doubtful accounts, relocation-related expenses associated with the move to Toyosu Market and other costs.」
Although lower sales due to weak sales of some fish products continued, the seafood wholesale business turned from a ¥198 million full-year loss to a ¥316 million profit due to higher gross profit and lower provisions for doubtful accounts and relocation-related expenses. - FY2020-Q3Wider profit in the seafood wholesale businessAnnual report
「During the nine-month period ended 31 December, the business was affected by poor catches resulting from unfavourable weather and other factors. However, gross profit margins were improved and selling, general and administrative expenses were reduced. Sales were ¥143,996 million, down 0.8% year on year, while segment profit was ¥327 million, compared with a segment loss of ¥340 million in the previous year.」
Although poor catches weighed on sales, the seafood wholesale business's segment profit turned from a ¥340 million loss in the same period of the previous year to a ¥327 million profit due to improved margins and lower selling, general and administrative expenses, further widening its profit. - FY2020-Q2RestatedAnnual report
「In the seafood wholesale business, sales of farmed yellowtail, horse mackerel and dried whitebait increased, but sales of tuna products such as frozen bigeye and frozen southern bluefin tuna, as well as salmon roe and Pacific saury, declined. As a result, net sales were ¥88,749 million, down 1.7% year on year. Segment profit, however, was ¥86 million, compared with a ¥171 million loss in the same period of the previous year, due to a higher gross profit margin and lower selling, general and administrative expenses.」
Although lower volumes handled across various fish species resulted in lower sales, the seafood wholesale business continued to report a segment profit due to a higher gross profit margin and lower selling, general and administrative expenses. - FY2020-Q1Return the segment to profitabilityAnnual report
「In the seafood wholesale business, arrivals of horse mackerel, yellowtail and dried whitebait were solid, but volumes of bonito, Japanese flying squid, sablefish and frozen shrimp declined. Sales were ¥45,335 million, down 0.1% year on year, while segment profit was ¥80 million, compared with a segment loss of ¥26 million in the previous year, due to higher gross profit resulting from improved margins and lower selling expenses and other costs.」
Although inbound volumes of certain fish species declined, the seafood wholesale business changed from a ¥26 million loss in the year-earlier period to segment profit of ¥80 million due to improved margins and lower selling expenses and other costs. - FY2019WorsenedAnnual report
「In the seafood wholesale business, revenue from domestic tuna, frozen Indian tuna, frozen silver salmon, fresh sea urchin and saury exceeded the previous year's level, but sales conditions were generally challenging for frozen tuna, salmon roe and frozen sablefish, among other products. Segment revenue was ¥189,812 million, down 2.2% from the previous fiscal year. Gross profit also declined, and segment loss was ¥198 million, compared with a ¥23 million loss in the previous fiscal year, due in addition to higher temporary costs associated with the relocation to Toyosu Market.」
Although certain products performed well, the wholesale business's segment loss widened from ¥23 million to ¥198 million due to generally challenging sales conditions and Toyosu relocation costs. - FY2019-Q3Wider operating lossAnnual report
「In the seafood wholesale business, sales of saury, domestically farmed tuna and dried whitebait were strong, but handling volumes of imported products such as frozen salmon declined. Revenue was ¥145,211 million, down 2.8% year on year, and operating loss was ¥340 million, compared with an operating loss of ¥144 million in the year-earlier period, due to higher selling, general and administrative expenses, including relocation costs for the Toyosu Market and distribution costs.」
Although sales of certain domestic products were strong, the loss in the seafood wholesale business widened from the year-earlier period due to lower handling volumes of imported products and higher costs, including Toyosu Market relocation and distribution costs. - FY2019-Q2Widening loss due to lower handling volumesAnnual report
「In the seafood wholesale business, landings of the seasonal product Pacific saury were strong and domestic tuna also increased. However, sales fell to ¥90,297 million, down 4.1% year on year, as volumes handled of bonito, frozen salmon and frozen shrimp declined. Operating results were a loss of ¥171 million, compared with a loss of ¥139 million in the previous year.」
Although catches and volumes of certain fish species increased, the loss widened from the year-earlier period due to lower handling volumes for skipjack tuna and frozen seafood. - FY2019-Q1RestatedAnnual report
「Sales in the seafood wholesale business fell to ¥45,392 million, down 5.9% year on year, due to lower volumes of seasonal products such as bonito and imported seafood. Although collection and selling expenses declined, operating results were a loss of ¥26 million, compared with a profit of ¥27 million in the previous year, due to lower gross profit.」
The deterioration in profitability in the seafood wholesale business identified at the end of the previous fiscal year continued in the current quarter, with the business moving from a profit in the year-earlier period to a loss. - FY2018Full-year segment lossAnnual report
「Due to lower inbound volumes from Japan and overseas, overall handling volume in the current fiscal year was slightly below the previous fiscal year's level, resulting in revenue of ¥194,131 million, down 0.6% from the previous fiscal year. Segment loss was ¥23 million, compared with segment profit of ¥109 million in the previous fiscal year, due to higher bad debt expense, outsourcing fees and other costs.」
Although unit prices for imported products were higher, lower inbound volumes in Japan and overseas and higher costs caused the seafood wholesale business to change from a full-year profit to a ¥23 million loss. - FY2018-Q1First statedAnnual report
「In the seafood wholesale business, although imports and other imported seafood declined, the volume handled remained approximately at the previous year's level due in part to an increase in domestic seasonal products. Sales were ¥48,244 million, up 4.3% year on year, while operating profit was ¥27 million, down 89.4%, due mainly to lower gross profit resulting from a decline in profit margins.」
The seafood wholesale business made up for lower imports with higher sales of seasonal domestic products and maintained handling volumes at approximately the previous year's level, while operating profit fell substantially due to lower margins. This performance structure has emerged as an individual theme for the first time.