Aquaculture boosts profits for Japanese seafood giant
Thanks partly to a recovery in aquaculture, the Japanese seafood giant Nissui has announced a big increase in its operating and ordinary profit in Q3 2025, or the three-month period ending 31 December 2025, which is its third quarter.
Nissui posted net sales of JPY 689.7 billion yen (USD 4.4 billion or £3.3 billion), which year-on-year was 4% up on a year earlier.
A Nissui fish farm.
This resulted in a major increase in profits, with the company posting an operating profit of 31.4 billion yen ( £147m or USD 199.9 million). This was a 26.5% increase on the same period 12 months earlier.
The ordinary profit also increased by 21.1% to 33.7 billion yen (USD 214.5 million or $157m).
Nissui said: “With the steady recovery of the aquaculture business and North American processing segment, along with continued strong performance in the domestic chilled products business, both sales and profit increased, progressing at a pace significantly exceeding the initial plan.”
Nissui said much of its increase in operating profit is thanks to its marine products segment. Its fishing business saw increased profits thanks to strong catches of Japanese amberjack, mackerel, and tuna.
“In aquaculture, profits also rose, supported by increased coho salmon production, improved aquaculture performance, and higher selling prices for Japanese amberjack,” the company added.
The company said an upturn in market conditions also contributed to the increase in its South American aquaculture operations, as its strong biological performance helped capitalise on higher selling prices.
Nissui announced recently that it plans to more than double its output in Chile after finalising the takeover of the fish farmer Pesquera Yadran SA.
The plan is to build up output to more than 80,000 tons a year, by 2030 strengthening its global position in salmon aquaculture.
Nissui also has major seafood interests in the UK at Grimsby and Hull.
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