Surimi price crash, rising costs in pollock roe hit Japan’s Nichimo profits
Japan's Nichimo saw a 30% reduction in its consolidated operating income at JPY 2.02bn, $13.4m, for the full year ended March 2024, largely due to price crashes in surimi products
Nichimo Foods, a domestic seafood wholesaling arm for Japan's Nichimo, showcasing Russian whole frozen raw opilio at Seafood Show Osaka in 2024. Credit: Masahiko Takeuchi
Japanese seafood giant Nichimo posted a 30% reduction in its consolidated operating income to JPY 2.02 billion ($13.4 million) for the full year ended March 2024, largely due to price crashes in surimi products, the company reported on May 10. [...]
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