Increase in off-market distribution and decline and deteriorating performance of wholesale intermediaries

「The business conditions of a growing number of intermediary wholesalers in the market have deteriorated in recent years, owing to the decline in market distribution and the expansion of volumes handled by mass retailers. We establish allowances for doubtful accounts for these business partners based on the status of receivables collection, but the future emergence of non-performing receivables could affect our performance.」

「Domestic consumption of seafood for human consumption has continued to decline in recent years. In addition, off-market distribution, including direct transactions between fishermen or producers and shippers and retailers, as well as direct sales to consumers through e-commerce, is increasing. As a result, the proportion of distribution passing through consumer-market channels has declined year after year in recent years.」

「The business conditions of a growing number of intermediary wholesalers in the market have deteriorated in recent years, owing to the decline in market distribution and the expansion of volumes handled by mass retailers. We establish allowances for doubtful accounts for these business partners based on the status of receivables collection, but the future emergence of non-performing receivables could affect our performance.」

「In the seafood wholesale industry surrounding our company, the difficult industry environment has continued amid structural issues including declining catches due to fluctuations in the marine environment and weather conditions, shrinking within-market distribution, intensifying competition across industries and business formats, and higher logistics costs. Other factors include higher procurement costs resulting from expanding international seafood consumption, efforts to protect marine resources, and consumers' entrenched preference for saving money.」

「The wholesale seafood industry surrounding the Company continues to face a challenging environment, including structural issues such as reduced catches due to fluctuations in the marine environment and weather conditions and intensified price competition due to shrinking in-market distribution, as well as higher transaction prices resulting from growing global seafood consumption, moves to protect marine resources and persistent household preferences for saving money.」

「The wholesale seafood industry surrounding the Company continues to face a challenging environment, including structural issues such as reduced catches due to fluctuations in the marine environment and weather conditions and intensified price competition due to shrinking in-market distribution, as well as higher transaction prices resulting from growing global seafood consumption, moves to protect marine resources and persistent household preferences for saving money.」

「The number of businesses going bankrupt or voluntarily closing has increased, partly as a result of the market relocation. We establish allowances for doubtful accounts for these business partners based on the status of receivables collection, but the future emergence of non-performing receivables could affect our performance.」

「The wholesale seafood industry surrounding the Company continues to face a challenging environment, including structural issues such as reduced catches due to fluctuations in the marine environment and weather conditions, intensified price competition due to shrinking in-market distribution and higher logistics costs, as well as higher procurement costs resulting from growing international seafood consumption, moves to protect marine resources and persistent household preferences for saving money.」

「In the seafood wholesale industry surrounding our company, the difficult industry environment has continued amid structural issues including declining catches due to fluctuations in the marine environment and weather conditions, intensifying price competition due to shrinking within-market distribution, and higher logistics costs. Other factors include rising transaction prices due to expanding global seafood consumption, efforts to protect marine resources, and the entrenched preference among households to save money.」

「The wholesale seafood industry surrounding the Company continues to face a challenging environment, including structural issues such as reduced catches due to fluctuations in the marine environment and weather conditions and intensified price competition due to shrinking in-market distribution, as well as higher transaction prices resulting from growing global seafood consumption, moves to protect marine resources and persistent household preferences for saving money.」

「The wholesale seafood industry surrounding the Company continues to face a challenging environment, with persistent structural issues including reduced catches due to adverse weather conditions such as typhoons and torrential rain, fishing restrictions imposed by various countries, declining fisheries resources, the expansion of distribution outside wholesale markets and intensified price competition due to shrinking in-market distribution, as well as persistent household preferences for saving money.」

「The wholesale seafood industry surrounding the Company continues to face a challenging environment, including structural issues such as fishing restrictions imposed by various countries, declining fisheries resources, the expansion of distribution outside wholesale markets and intensified price competition due to shrinking in-market distribution, as well as consumer preferences for safety and low prices and the declining consumption of fish.」

「The increase in off-market distribution and the decline and deterioration of intermediary wholesalers. Seafood distribution is broadly divided into channels that pass through wholesale markets and those that do not. Off-market distribution, which does not pass through wholesale markets, is increasing year after year, and a gradual decline in the volume handled by wholesale markets themselves has become the trend in recent years.」

「The wholesale seafood industry surrounding the Company continues to face a challenging environment, including reduced arrivals of fresh fish due to adverse weather conditions, the expansion of distribution outside wholesale markets and intensified price competition due to shrinking in-market distribution, as well as consumer preferences for safety and low prices and the declining consumption of fish.」

「Structural issues including increased off-market distribution, shrinking in-market distribution and intensifying price competition」

「Structural issues including increased off-market distribution, shrinking in-market distribution and intensifying price competition」

「Off-market distribution has increased year after year, and a gradual decline in the volume handled by wholesale markets themselves has become the trend in recent years. The number of intermediary wholesalers in Tsukiji Market whose business conditions have deteriorated has also gradually increased in recent years, owing to the growth of off-market distribution and the expansion of volumes handled by mass retailers.」