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Despite a complex global economic the company achieved significant growth
Nissui Group Achieves Record Profits in FY2025 Amidst Global Headwinds
(JAPAN, 6/2/2025)
Japanese Seafood and Food Giant Reports Strong Financial Performance, Driven by International Trade and Chilled Foods, Despite Challenges in Fisheries and Aquaculture.
TOKYO – The Nissui Group, a prominent Japanese seafood and food conglomerate, has announced record-high financial results for the fiscal year ended March 31, 2025. The company successfully navigated a complex global economic environment, marked by geopolitical uncertainties, exchange rate fluctuations, and rising climate change impacts, to achieve significant growth across key metrics.
For the fiscal year, Nissui reported net sales of ¥886.13 billion (US$5.64 billion), marking a year-on-year increase of ¥54.75 billion (US$348.73 million). Operating profit surged to ¥31.78 billion (US$202.41 million), up ¥2.12 billion (US$13.47 million) from the previous year. Ordinary profit reached ¥35.30 billion (US$224.85 million), an increase of ¥3.34 billion (US$21.25 million). The profit attributable to owners of the parent company climbed to ¥25.38 billion (US$161.66 million), up ¥1.53 billion (US$9.75 million) year-on-year, representing a new record high at every profit level.
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The company's robust performance was primarily fueled by strong showings in its international trading business, international food business, and domestic chilled food business. The fine chemical segment also saw a recovery in sales of pharmaceutical raw materials, while the general distribution business improved profitability through strategic price revisions.
However, the group's North American processing business continued to face struggles. Both the fishery and aquaculture businesses also encountered challenging conditions, primarily due to unfavourable weather patterns and rising seawater temperatures impacting production. Domestically, the food business contended with persistently high rice prices.
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Segmental Insights and Future Outlook
Within the Marine Products Business, sales climbed to ¥364.06 billion (US$2.32 billion), but operating profit declined to ¥8.42 billion (US$53.62 million). This profit dip was largely attributed to the Fishery Business, where sluggish sardine catches overshadowed solid bonito and mackerel volumes. The Aquaculture Business experienced decreases in both sales and profit due to elevated feed costs, increased mortality, and slower growth across multiple species in Japan, along with an oversupply in the tuna market. South American aquaculture also faced cost increases and reduced survival rates. In contrast, the Processing and Trading Business recorded increased sales and profit, boosted by strong global sales of salmon and trout and the consolidation of a fresh fish business in Europe.
The Food Products Business showcased strong performance with sales reaching ¥471.06 billion (US$3.00 billion) and an operating profit of ¥28.71 billion (US$182.87 million). This growth was driven by robust sales in domestic frozen foods, fish sausages, and the chilled foods sector, which benefited from promotional efforts and a recovery in human flow, alongside the integration of Gourmet Delica Co., Ltd. as a consolidated subsidiary.
Maintaining its dominant share in the fried marine products market, the company is focused on increasing production capacity and optimizing production systems in North America and Europe. These efforts are designed to strengthen engagement with existing customers, facilitate new customer acquisition, enhance productivity, and manage logistics costs effectively
Looking ahead, Nissui acknowledges the persistent uncertainties from geopolitical events and the escalating impacts of climate change. The company plans to "enhance resilience" by promoting environmental impact reduction and building a more sustainable value chain. Its strategic initiatives include boosting production capacity in international food products, expanding and stabilizing profitability in aquaculture, increasing exports of high-value-added products like Japanese amberjack and scallops, and accelerating the global rollout of pharmaceutical raw materials.
For the fiscal year ending March 31, 2026, Nissui projects net sales of ¥900.00 billion (US$5.73 billion), operating profit of ¥3.45 billion (US$21.97 million), ordinary profit of ¥35.50 billion (US$226.11 million), and profit attributable to owners of parent of ¥25.00 billion (US$159.23 million).
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