Welcome to FIS   Sponsored By
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
If you would like to send us an article, contact Margaret Stacey
   


Nichirei is one of may companies suffering from the effects of the earthquake, tsunami and subsequent nuclear disaster. (Photo: GPLv3)

Nichirei posts losses of USD 38.6 mln due to quake

  (JAPAN, 4/19/2011)

Marine products and processed foods company Nichirei Corporation this week issued a statement announcing extraordinary losses of JPY 3,196 million (USD 38.6 million) posted in association with the 11 March earthquake and tsunami.

The company has also revised its full-year consolidated results forecast for the fiscal year ended 31 March 2011 previously revealed on 21 December 2010. 

The company communicated that its losses consist of certain fixed assets at JPY 2,007 million (USD 24.2 million), inventories at JPY 523 million (USD 6.3 million) and other assets at JPY 665 million (USD 8 million). The posted damages include estimates.

Nichirei’s revision of the full-year consolidated results forecast dated 1 April 2010 through 31 March 2011 showed a previous forecast of net sales of JPY 435,200 million (USD 5.25 billion) and a revised forecast of JPY 437,800 million (USD 5.29 million) - a change of JPY 2,600 million (USD 31.4 million) or 0.6 per cent. Results for the previous fiscal year ended 31 March 2010 were net sales of JPY 438,111 million (USD 5.29 billion).

Its net income shifted from a previous forecast of JPY 6,300 million (USD 76.1 million) to a revised forecast of JPY 4,000 million (USD 48.3 million), a change of JPY 2,300 million (USD 27.8 million) or 36.5 per cent. Results for the previous fiscal year ended 31 March 2010 consisted of a net income of JPY 9,064 million (USD 109.4 million).

The company’s processed foods division, made up of Nichirei Foods Inc and Chiba Chikusan Kogyo Inc, saw damages at its factories in Shiroishi, Yamagata and Funabashi. 

At its Shiroishi production plants for frozen foods in Shiroishi-shi, Miyagi Prefecture, the machinery was “partially damaged;” a test run resumed on 4 April and production resumed on 11 April. In the Yamagata plant in Tendoushi, Yamagata Prefecture, the water receiving and water storage tanks were hit and its piping cracked, but operations have since resumed.

In terms of its marine products division, made up of Maruichikakou Corporation, its Kesennuma and Onahama factories were harmed by last month’s natural disaster. 

At the Kesennuma factory, located in Kesennuma-shi, Miyagi Prefecture, there was “water immersion at the office and factory” and the company believes “a recovery is likely to take a considerable period of time,” Nichirei said earlier this month.

Its Onahama production plant for marine products in Iwaki-shi, Fukushima Prefecture, suffered the same consequences; the firm said its “restoration process continues” and recovery is expected to take a long time as well.

Its meat and poultry products division as well as distribution centres were also devastated by the quake and tsunami.

Nichirei Foods was established in 1945 and employs 6,577 workers. It develops, manufactures and sells frozen food products and other processed foods.

 

By Natalia Real
[email protected]
www.fis.com


Information of the company:
Address: 6-19-20 Tsukiji, Chuo-ku
City: Tokyo
State/ZIP: (104-8402)
Country: Japan
Phone: +81 3 3248 2235
Fax: +81 3 3248 2159
E-Mail: [email protected]
More about:


Location:

View Larger Map


Approval / Accreditation / Certified / Oversight by...
IFS (International Food Standard)  HACCP  ISO   Organic Soil Assoc/UK  E.U.  USDA/USDC & FDA  RF (Russia)  BRC (British Retail Consortium) 



 Print


Click to know how to advertise in FIS
MORE ARTICLES
Smartphone Photo App Makes Gathering Shrimp Data Easier Than Ever
Valka Introduces New Possibilities in Salmon Fillets Portioning
PVC Rain Gear for Aquaculture Designed for Comfort and Built to Last
First Facilities Certified to BAP Chain of Custody Standard
ASC Salmon Given Green Rating in New Good Fish Guide
Chicken of the Sea Celebrates World Food Day by Announcing Donation of More than 2.5 Million Servings of Protein Rich Seafood Throughout 2020
Kongsberg Maritime to Deliver Large Electric Winch Package to New Vessel for Faroese Fishing Company JFK
Atlantic Sapphire Revolutionizes the Salmon Industry with Sustainable, U.S. Raised Bluehouse Salmon Product
Echo Detects Red Shrimp in the Mediterranean
Wärtsilä Reels in Another Fishing Vessel Order
Albertsons Companies and FishWise Dive into National Seafood Month with a Splash
Eco-friendly Salmon Boards Could be Industry Game Changer
STARFISH Project Gathers Critical SSF Data for the First Time
Seafood Expo Asia Introduces Seafood Expo Asia Reconnect
Menon Enhances Immune System Health of Aquaculture Through Development of Sustainable Feed Ingredient
New SeaPak Shrimp Sea Pals Bring Fun and Flavor to the Kitchen Table
Safe Catch Solves Mercury Problem in Seafood for Industry and Consumers
Pingtan Marine Enterprise Announces Departure of 10 New Squid Jigging Vessels
Kongsberg Maritime to Design and Equip an Innovative New Krill Vessel for Rimfrost
Scout Launches First Canned Seafood Brand 100% Sourced from Canada and the U.S.
More Articles...

Lenguaje
FEATURED EVENTS
  
TOP STORIES
The course of pelagic fishing week 43
Norway This autumn's best NVG herring week and less mackerel from the North Sea Mackerel: We received significantly smaller quantities of mackerel than in the previous three weeks. A total of 23,100 to...
Tuna exports to Italy soar in September
Viet Nam NDO/VNA – Vietnam’s tuna exports to Italy soared by 8,599% last month over the same period last year. This staggering increase transformed Italy into Vietnam's largest tuna market in the EU in ...
The fisheries Brexit negotiation must exclude the privileges that the Common Fisheries Policy has granted to the UK since its inception
European Union The additional fishing quotas that the EU has historically allocated to the British have amounted to more than € 100 million annually in the last 10 years for Great Britain. ...
Statistics │ Import by origin │Crab │ September 2020
South Korea Source: FIS.com | Click to enlarge it [email protected] www.fis.com...
 
Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2020 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER