A company engaged in yellowtail farming and sales was ordered into bankruptcy proceedings by the Satsumasendai Branch of the Kagoshima District Court, with total liabilities of approximately ¥315 million. The deterioration in growth caused by rising seawater temperatures, as well as the representative's ill health, is said to have contributed.
The company was engaged in yellowtail farming and sales and was ordered into bankruptcy proceedings by the Satsumasendai Branch of the Kagoshima District Court. Total liabilities have been disclosed as approximately ¥315 million.
The deterioration in yellowtail growth associated with rising seawater temperatures is cited as a factor behind the decision and is believed to have affected the operation of the business. The representative's ill health also appears to have been mentioned as a related factor.
The article reports the commencement of bankruptcy proceedings, and attention is expected to focus on the progress of the legal procedures and the winding-up and整理 of the business.