Expansion of the aquaculture, seawater equipment and heat exchanger businesses through the acquisition of マリンリバー

「Moreover, orders and sales of seawater cooling equipment for aquaculture remained above the previous year's levels, driven by growing replacement demand accompanying greater efficiency and sophistication in Japan's fisheries industry.」

「In addition, revenue and profit increased in the manufacturing and sales business for aquaculture equipment, namely seawater cooling equipment, as market conditions remained favorable and demand remained strong.」

「As rising seawater temperatures caused by climate change have become more severe in recent years, the risks of stress and disease among fish have increased, further raising the importance of temperature control at aquaculture farms. To address this issue, the company has provided effective titanium cooling equipment for aquaculture using technologies including advanced heat control, high corrosion resistance and energy efficiency.」

「The market environment also remained buoyant in the manufacturing business for aquaculture equipment, namely seawater cooling equipment. In particular, orders in the aquaculture equipment market continued to trend upward against the backdrop of strong demand.」

「The manufacturing business for land-based aquaculture cooling equipment has already received highly probable inquiries exceeding full-year production capacity, and during the quarter the company has been progressively recording orders received from these inquiries.」

「In addition, as orders for cooling equipment remained at high levels in the aquaculture equipment market, profits increased because the company was able to demonstrate pricing competitiveness based on its strong technological capabilities.」

「Against the backdrop of buoyant conditions in the aquaculture market, orders and installations of seawater heat pump chillers manufactured and sold by the group progressed, resulting in revenue of ¥2,831 million, up 23.5% year on year, and segment profit of ¥176 million, up 156.9%, for the nine months ended 31 December.」

「Wholesale sales of water-treatment equipment remained firm, while the manufacturing and sales business for seawater heat-pump chillers for the aquaculture market continued to perform well, resulting in steady operating performance for the first half of the current fiscal year’s cumulative consolidated period.」

「Wholesale sales of water-treatment equipment remained firm, while the manufacturing and sales business for seawater heat-pump chillers for the aquaculture market performed well, resulting in steady operating performance for the first quarter of the current fiscal year’s cumulative consolidated period.」

「In September 2021, the company expanded its business into the fisheries and aquaculture sector by making 株式会社マリンリバー, which manufactures and sells seawater cooling and heating units and titanium heat exchangers, a consolidated subsidiary, and worked to expand its earnings base.」

「Following the acquisition of all shares of 株式会社マリンリバー, the company made 株式会社マリンリバー a newly consolidated subsidiary. Its main products include seawater heat pump chillers, titanium heat exchangers, shell-and-coil heat exchangers and shell-and-tube heat exchangers. The company designs, manufactures and installs fisheries equipment used mainly at fisheries research stations and live-fish centers. 株式会社マリンリバー also develops products in-house, and its technological capabilities, cultivated over many years and supported by patented technologies, are highly regarded in the industry. The aquaculture industry has promising prospects, in part because the Ministry of Agriculture, Forestry and Fisheries aims to increase the export value of farmed fish in 2030 to 10 times the 2018 level, prompting companies from other industries to begin entering the market.」