Sourcing Competition Driven by Catch Restrictions, Declining Fisheries Resources and Increased Overseas Demand

「回遊ルートの変化等により、季節商材であるサンマの漁獲量が前年同期を大幅に下回ったほか、近海魚全般においても水揚げが低調に推移し、市場への集荷体制の維持・確保に苦慮する状況となりました。また、円安基調の継続や海外における買付け競争の激化等により、冷凍サバをはじめとする輸入水産物の調達価格が上昇した」

「Meanwhile, imported raw material prices remained high throughout the fiscal year due to stronger resource management overseas and rising global demand.」

「魚の再生産能力を超えるスピードで繰り広げられている国際的な漁業競争」

「Prices soared after the Norwegian government reduced mackerel catch quotas to strengthen resource management, while imported raw material prices continued to rise due to the weaker yen and increased overseas demand.」

「In the seafood wholesale business, declining catches due to changes in the marine environment and further growth in overseas demand had a significant impact on procurement prices.」

「However, some fish species became difficult to procure due to successive large typhoons, record heat and frequent torrential rains. The operating environment also remains challenging, with logistics costs rising due to persistently high energy prices and the "2024 logistics problem."」

「Catches of seafood have declined due to changes in fishing grounds associated with "global boiling," while procurement and sales competition has intensified amid growing overseas demand for seafood, including through being outbid by overseas buyers, leaving the business exposed to an extremely challenging environment.」

「However, the operating environment remains challenging. Rising temperatures, described as "global boiling," have changed the marine environment, while mild winters have weakened sales of seasonal products. In addition, the discharge into the ocean of ALPS-treated water from the Fukushima Daiichi Nuclear Power Station, which began in August last year, reduced volumes handled, particularly of scallops, a major product for China.」

「In the seafood wholesale business, our Group's core business, the company faced difficulties in procuring supplies due to successive price increases for processed seafood products caused by soaring raw material and other costs, as well as the impact of successive typhoons. Higher product unit prices and lower volumes handled continued.」

「The operating environment remains challenging, amid declining catches caused by rising sea temperatures associated with global warming and successive price increases for processed seafood products due to soaring raw material and other costs.」

「However, an unprecedentedly challenging operating environment continues, as fishery resources decline due to global warming and overfishing, procurement prices rise with expanding overseas demand and the weaker yen, and geopolitical risks involving neighboring countries emerge.」

「However, the operating environment remains challenging, as the effects of declining catches due to globally rising sea temperatures, soaring procurement prices resulting from the sharp depreciation of the yen, and higher transportation, refrigerated and frozen storage, and electricity costs due to higher resource prices have persisted.」

「Meanwhile, uncertainty over the outlook is increasing due to growing global demand for seafood, higher fish prices resulting from stagnant imports of Russian seafood following the Ukraine crisis, and rising transportation costs due to higher resource prices.」

「The seafood wholesale business faced emerging global risks, including supply constraints, soaring resource prices and rising inflation, particularly in Europe and the United States. Combined with declining catches due to changes in the marine environment, these factors significantly affected procurement, and the company was unable to fully pass higher procurement unit prices on to selling prices, resulting in a larger operating loss.」

「In addition, the operating environment remains challenging, amid declining catches due to changes in the marine environment and soaring procurement prices resulting from increased global demand for fishery resources.」

「The decline in catches of certain fish species associated with changes in their migration areas also had a significant impact.」

「Decline in catches due to changes in the marine environment」

「The operating environment remains challenging, due to stagnant imports and exports and a significant decline in catches of certain fish species associated with changes in the marine environment.」

「Declining handling volumes due to increased overseas demand for fisheries resources and the diversification of off-market distribution」

「In the seafood wholesale business, the Group's core business, the sharp decline in catches resulting from changes in the marine environment led to higher transaction prices, in addition to which」

「In addition to the sharp decline in catches resulting from changes in the marine environment and soaring transaction prices due to increased overseas demand for seafood, successive large typhoons had a significant impact on collection, with particularly severe damage concentrated in Chiba Prefecture.」

「In the seafood wholesale business, the Group's core business, the challenging business environment continues as changes in the marine environment and large typhoons and torrential rains that caused disasters across the country made it impossible to collect products as planned, while labor shortages and other factors drove up logistics costs.」

「The challenging business environment continues, partly due to soaring transaction prices resulting from growing international demand for fisheries resources and rising logistics costs.」

「The business environment remained challenging as abnormal weather contributed to declining fisheries resources and changes in fish migratory waters, resulting in lower catches. This, combined with competition from off-market distribution, led to continued declines in handling volumes.」

「In the seafood wholesale business, the Group's core business, the challenging business environment continues due to declining fisheries resources caused by changes in the marine environment, lower handling volumes accompanying the expansion of off-market distribution, and higher transaction prices resulting from growing international demand for fisheries resources.」

「In the seafood wholesale business, the Group's core business, the challenging business environment continues due to declining fisheries resources resulting from changes in the marine environment and weather conditions, as well as higher transaction prices resulting from growing global demand for seafood.」

「In the seafood wholesale business, the Group's core business, the challenging business environment continues due to lower catches resulting from tighter management of fisheries resources and growing global demand for seafood, as well as the impact of media reports about anisakiasis, which have continued since last year, on fresh fish sales.」

「The depletion of fisheries resources due to changes in the natural environment and overfishing, together with rising overseas demand for seafood, led to a global scramble for seafood.」

「In the seafood wholesale business, the Group's core business, the challenging business environment continues due to the impact of food poisoning issues on fresh fish sales, lower catches of certain fish species resulting from changes in seawater temperatures and migratory waters, including record-low catches, and increased off-market distribution.」

「In the seafood wholesale business, the Group's core business, the challenging business environment continues due to declining fisheries resources, lower catches resulting from changes in fish migratory waters, and increased off-market distribution.」

「In the seafood wholesale business, the Group's core business, the challenging business environment continues due to lower catches resulting from tighter management of fisheries resources and changes in fishing grounds and seasons caused by climate change, as well as the impact of media reports about anisakiasis on fresh fish sales.」

「In the seafood wholesale business, the Group's core business, the challenging business environment continues due to declining fisheries resources resulting from the growth of fish consumption overseas, unfavorable weather and other factors, increased off-market distribution, and consumers' preference for frugality and shift away from fish consumption.」

「Fisheries resources are declining due to fishing restrictions in various countries and increased demand accompanying the growth of fish consumption overseas. A challenging business environment also continues due to the increase in off-market distribution, consumers' continued preference for frugality, and the ongoing shift away from fish consumption.」

「In our Group’s core seafood wholesaling business, a difficult business environment continues, due to the increase in off-market distribution accompanying intensifying competition, declining seafood resources, weakening consumer sentiment, and the growing manifestation of declining consumption of fish, among other factors.」

「In addition to fishing restrictions in various countries, fisheries resources are declining, demand for seafood consumption overseas is increasing, and a global scramble for seafood is underway. The business environment surrounding the Group therefore remained challenging.」