Impact on exports from China's complete ban on imports of Japanese seafood
First written in FY2024-Q2. 1 of 3 entries say "Materialised", first in FY2024-Q3. Latest entry: FY2025.
0 other companies' latest entry also says "Other".
- FY2025Progress toward lifting the ban and receipt of compensation while the ban remains in placeAnnual report
「China's import ban on Japanese seafood introduced in autumn 2023 and its continuation (progress is currently being made toward lifting the ban in full)」
Although China's ban on imports of Japanese seafood remains in place, progress toward its full removal is described. During the fiscal year, the company also received ¥80 million in compensation related to the discharge of treated water. - FY2024-Q3MaterialisedAnnual report
「As a result of the impact of China's complete ban on imports of Japanese seafood following the discharge of treated water from Tokyo Electric Power Company Holdings,Incorporated, one-off losses arose from sales of scallops, salmon roe, and other products, causing gross profit to decline substantially」
Regarding China's complete ban on imports of Japanese seafood, the company states that one-off losses actually arose from sales of scallops, salmon roe, and other products, resulting in a substantial decline in gross profit. - FY2024-Q2First statedAnnual report
「China announced a complete ban on imports of Japanese seafood in response to the discharge of treated water from Tokyo Electric Power Company Holdings,Incorporated's Fukushima Daiichi Nuclear Power Station into the ocean. This has had a major impact on seafood that had been scheduled for export to China, and difficult industry conditions continue.」
The announcement of China's complete ban on imports of Japanese seafood and its major impact on products scheduled for export to China are described as new export and market-access risks.