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IN BRIEF - Benihana Inc. Reports Third Fiscal Quarter 2011 Results

Thursday, February 17, 2011

MIAMI, Benihana Inc. (NASDAQ: BNHNA; BNHN), operator of the nation's largest chain of Japanese theme and sushi restaurants, today reported results for its third fiscal quarter 2011 ended January 2, 2011.

Highlights for the Company's third fiscal quarter 2011 relative to the third fiscal quarter 2010 include:

  • Total restaurant sales increased 3.6% to $72.5 million from $70.0 million
  • Total comparable restaurant sales increased 4.4%, including a 7.3% increase at Benihana Teppanyaki
  • Income from operations of $1.3 million (net of $1.2 million in non-recurring costs), compared to a loss from operations of ($10.7) million (net of $0.2 million in non-recurring costs and $12.3 million in non-cash impairment charges)
  • Net income of $2.2 million, or $0.12 per diluted share, compared to a net loss of ($10.9) million, or ($0.72) per diluted share

Richard C. Stockinger, Chairman, President and Chief Executive Officer, said, "We demonstrated a remarkable improvement in our operating results compared to the same quarter last year, characterized by comparable restaurant sales growth at Benihana Teppanyaki and effective management of controllable expenses across our entire Company. As part of our ongoing efforts to increase traffic and sustain the momentum of our Renewal Program, we are highlighting the distinct nature of the Benihana Teppanyaki guest experience with a new multi-media campaign, coupled with a combination of value-based promotions, media advertising, and local marketing initiatives at RA Sushi and Haru. These initiatives are designed to enhance value for all of our shareholders."

Other Media | aqua.cl: First shipment of fishmeal was processed via Siscomex bound for China

Friday, December 04, 2020

"In times of pandemic, institutional progress has been fundamental in the modernization of Sernapesca, providing a virtuous and concrete public contribution to boost foreign trade," said the aquaculture-fisheries inspection body.

There were 100 tons of fish resources processed as flour, which the Camanchaca company, in Coronel, Biobío region, processed via Siscomex, an online platform linked to the SicexChile window, which allows expediting export procedures.

The regional director in the Biobío of the National Fisheries and Aquaculture Service (Sernapesca), Claudio Báez, highlighted the previous work carried out by the technical team of the Foreign Trade area of ??the institution. 

Source: aqua.cl | Read the full article here

Other Media | iPac.acuicultura: Council and Parliament reach an agreement on the European Fund for Maritime Fisheries and Aquaculture 2021-2027

Friday, December 04, 2020

The Council has concluded an informal agreement with the European Parliament on how to distribute the budget of € 6.18 billion from the European Maritime Fund for Fisheries and Aquaculture (FEMPA) 2021-2027 to maintain and modernize the sector. This has been announced by the Council itself, which highlights that the new FEMPA will particularly support small-scale coastal fishing and promote aquaculture. The negotiated text also aims to simplify the processes to unlock funds and improve results.

"The agreement we have reached is a clear indicator of how we want our future in fishing to be: safe, sustainable, innovative and crisis-proof," said Julia Klöckner, Germany's Minister of Food and Agriculture.

Source: iPac.acuicultura | Read the full article here

Other Media | Fish Farmer: Salmon prices stall again

Friday, December 04, 2020

The rise in salmon prices which sent a few industry pulses racing just over a week ago seems to have been short-lived, the latest figures from Norway suggest.

Fresh or chilled salmon fell back by 1.9 per cent to NOK 47.67 between week 47 and week 48, which is higher than the 1.3 per cent increase reported by Statistics Norway last month. Prices are now more than 24 per cent than this time last year. However, export levels at 24,964 tonnes in week 48 were slightly up.

The price per kilo of frozen salmon (excluding by products) at NOK 50.44, was 4.4 per cent lower than the week before and 15.7 per cent lower than the same week in 2019. In the period, 496 kilos of frozen salmon were exported. This is an increase of 70.4 per cent from week 47.

Author: Vince McDonagh / Fish Farmer | Read the full article here

Other Media | SeafoodSource: Reaction to COVID-19 relief bill mixed as restaurants close doors

Friday, December 04, 2020

Restaurant organizations are reacting both positively and negatively to a new USD 908 billion (EUR 751 billion) COVID-19 relief bill proposed by a group of U.S. legislators.

Due to renewed indoor dining restrictions in several U.S. cities and states, many restaurants are temporarily – or permanently – shutting their doors, and many others are struggling to stay afloat. Seafood suppliers, distributors, and wholesalers are, in turn, taking a hit from the widespread closures.

The congressional proposal, which includes USD 228 billion (EUR 189 billion) for Paycheck Protection Program subsidies focused on small businesses and additional unemployment benefits, is an effort to compromise on an economic stimulus package, which legislators could not agree on before the November election, The Washington Post reported.

Author: Christine Blank / SEafoodSource | Read the full article here


IN BRIEF | New dates announced for Seafood Expo North America/Seafood processing North America

Friday, December 04, 2020

Portland, Maine – New dates for the 2021 edition of the in-person event, Seafood Expo North America/Seafood Processing North America, have been released.  The event, which was recently postponed from March 14-16, will be held on July 11-13, 2021 at the Boston Convention and Exhibition Center.  The expo will bring seafood suppliers and buyers from the North American market back together for three days of business meetings, networking and educational sessions.

“While the summer is an untraditional time of year for this event, we are pleased to have been able to find new dates in 2021 at the Boston Convention & Exhibition Center that will allow our seafood community to gather once again,” said Liz Plizga, Group Vice-President, Diversified Communications.  “We’ve had conversations with seafood buyers and industry professionals who have expressed the need to reconnect and are eager to meet in-person in July.”

Other Media | FiskerForum: Freezer Trawler Beyond Salvaging After Fire On Board

Friday, December 04, 2020

Fire took hold in the fishroom of freezer trawler Baffin Bay while alongside in Vigo early yesterday morning and by evening the extent of the damage made it clear that the trawler is beyond saving.

The fire is believed to be connected to welding work being done on board. Despite the presence of three harbour tugs spraying the stricken trawler with water, after five hours, an explosion occurred in the engine room.

Author: Quentin Bates / FiskerForum | Read the full article here

IN BRIEF - IFOP will use artificial intelligence to optimize fisheries research

Thursday, December 03, 2020

A modern system, based on artificial intelligence and implemented by the Instituto de Fomento Pesquero, has successfully passed its pilot phase and is expected to enter a trial period in 2021.

The pilot system successfully identified and classified more than 80% of commercially important fish images that were entered into the Artificial Intelligence system.

Jorge Cornejo, Doctor in Marine Sciences and project manager, mentioned that “based on this achievement, it is expected to create an automatic fishing registration program. This program will use images obtained during the fishing and unloading operations of the main fisheries in the south central zone of the country. Given the large amount of image information that is obtained in each fishing operation and the number of fishing vessels in Chile, the proposed program helps to improve the analysis and effective use of this information for research. In this way, the pilot program has managed to classify the target species of the fishery, and in the future it is expected to incorporate the classification of the accompanying fauna. This will make it possible to modernize the management of sampling and data collection for fisheries monitoring studies ”.

This Project was carried out for a year, and is part of the performance agreements that IFOP has with the Corporation for the Promotion of Production CORFO. IFOP workers Jorge Cornejo (head of IFOP Talcahuano), Judith Castillo, Guillermo Bendel, Aldo Poblete and Enrique Fernández, external advisor on artificial intelligence, participated in the project.

Other Media | La Voz de Galicia: The changes in commercialization, the good that the covid has brought to fishing

Thursday, December 03, 2020

The coronavirus pandemic has turned the economy of the productive sectors upside down. One of the most affected and harmed groups has been fishing. Hundreds of sailors and shellfishmen had to go out to fish without having any type of protection and with the dismay of seeing that in the first moments of confinement the price of their product fell dramatically. Even so, the Galician fleet remained afloat. After nine months of shocks, La Voz de Galicia organized a discussion forum in the Ribeira fish market to take the pulse of the Galician fishing sector, entitled Weaknesses and strengths in the face of covid-19. Opportunities for improvement in the marketing of seafood.

Author: J.M Jamardo / La Voz de Galicia | Read the full article here

Other Media | Industrias Pesqueras: European Shipowners celebrate that seafarers are 'essential' for the UN and call for 'pri vaccination

Thursday, December 03, 2020

ECSA, the European Community Shipowners' Associations, has celebrated the recent UN resolution, by which seafarers are considered "essential workers" - a demand on the table since last March after the outbreak of the pandemic - and has also supported the request of the International Maritime Organization for a "priority vaccination" to this professional group that encompasses different sectors.

In its opinion, the UN calls on all countries to designate seafarers and other maritime workers as key workers with the aim of implementing the relevant measures to allow seafarers to be repatriated and to facilitate crew changes, in addition to considering the priority vaccination of seafarers.

Source: Fisheries Industries | Read the full article here

Other Media | SeafoodSource: World’s biggest ocean sustainability initiative signed by 14 countries

Thursday, December 03, 2020

A new initiative designed to lessen humanity’s negative impacts on the world’s oceans has been signed by 14 countries.

Several of the countries belonging to the High-Level Panel for a Sustainable Ocean Economy, a consortium of ocean-dependent countries founded in 2018 to initiate action to improve global marine sustainability efforts, announced the Transformations for a Sustainable Ocean Economy: A Vision for Protection, Production and Prosperity initiative on Tuesday, 1 December.

Australia, Canada, Chile, Fiji, Ghana, Indonesia, Jamaica, Japan, Kenya, Mexico, Namibia, Norway, Palau, and Portugal have agreed to jointly pursue a policy agenda of commitments (called Transformations) 

Author: Mark Godfrey / SeafoodSource | Read the full article

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United States
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Catches DAP NMFS at BSAI │ Pacific cod │ Longline and Trawl | week 47
United States
Dec 5, 00:00 (GMT + 9):
Total catch BSAI-GOA │ POP │week 47
United States
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DAP at BSAI-GOA | Atka Mackerel, Yellowfin Sole and Pacific Cod | week 47
Dec 4, 19:00 (GMT + 9):
Government Approves Morocco-Russia Fisheries Agreement
Dec 4, 18:30 (GMT + 9):
New fisheries law enters into force and Japanese specialists discuss its future
Dec 4, 15:00 (GMT + 9):
Statistics │ Import │Bottomfish from USA and Russia (2018/19/20)
Dec 4, 15:00 (GMT + 9):
Statistics │ Seafood Import and export │ Oct-2020
Dec 4, 09:00 (GMT + 9):
China refutes U.S. allegations on fishing practices
Dec 4, 08:00 (GMT + 9):
The South Atlantic requires urgent action and simulation conspires against it
Dec 4, 07:00 (GMT + 9):
Tunacor takes in retrenched fishermen
Dec 4, 00:50 (GMT + 9):
Other Media | aqua.cl: First shipment of fishmeal was processed via Siscomex bound for China
European Union
Dec 4, 00:50 (GMT + 9):
Other Media | iPac.acuicultura: Council and Parliament reach an agreement on the European Fund for Maritime Fisheries and Aquaculture 2021-2027
United States
Dec 4, 00:40 (GMT + 9):
Other Media | SeafoodSource: Reaction to COVID-19 relief bill mixed as restaurants close doors
Dec 4, 00:40 (GMT + 9):
Other Media | Fish Farmer: Salmon prices stall again
United States
Dec 4, 00:30 (GMT + 9):
IN BRIEF | New dates announced for Seafood Expo North America/Seafood processing North America

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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
National Geographic Society
AmazonFresh, LLC - AmazonFresh

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