MISSION
With the wellbeing of the ocean and people as our compass,
we are driven to oﬀer the world better food choices.

We are determined to harness
the power of our pioneering spirit andindustry expertise to create a healthier,more sustainable future through innovative food solutions.

01

NISSUI Corporate Proﬁle

NISSUI Corporate Proﬁle02

Message from the President and CEO

Nissui has been unwavering in its commitment to offering
the world better food choices since its inception,
while also continuously pursuing new possibilities of “food.”
Nissuiʼs history began in 1911 with a single fishing trawler. Over the past 110 years, we have developed aand fine chemical businesses. Nissui has now grown to include nearly 100 Group companies globally.
In recent years, peopleʼs demands for food have diversified to include aspects such as taste, health,environmental awareness, and sustainability. Together with Nissui Group companies worldwide, we have been
expanding our business to deliver food products that meet our customersʼ needs. As the natural and social
environment continues to rapidly evolve, we believe it will be necessary to become even closer to our customers
and address a variety of challenges and needs that have yet to be identified.

A leading company that delivers friendly foods
for people and the earth
Nissui has redeﬁned its mission and established
the above-described “Vision Targeted in 2030”
as its long-term vision of “Good Foods 2030.”
Toward 2030, we will work to enhance ourSustainability

diverse portfolio of businesses, spanning beyond just the marine products business to include food products

Long-Term Vision “Good Foods 2030”

Good Foods 2030

Planned by backcasting toachieve the long-term vision

A leadingcompany thatdelivers friendly
foods for people
and the earth

Current

corporate value based on the two axes ofMoving up
towardhigher level“Reinforcing business portfolio management”
and “Accelerating sustainability management.”

Long-term vision

Mid-term plan 2022-2024

Good Foods

Under our mission established in 2022 and the long-term vision “Good Foods 2030” based on this mission,

Recipe1

Recipe2

Business
growthRecipe3

Nissui aims to realize its vision by fearlessly creating innovative food solutions that contribute to solving social
issues, harnessing our pioneering spirit and expertise that were forged at sea to bring these innovative foodsolutions to everyone.

Mid-Term Business Plan “Good Foods Recipe1”（FY22-24）

With the founding spirit of offering the world better food choices carried forward since its inception, Nissui willcontinue to explore new possibilities in food solutions.

Promoting “transformation to go one level higher”
in accordance with the six basic strategies.

Mid-Term Business Strategy KPIs
【Financial KPIs】

ROIC 5.5％ or above

Improving proﬁtability oneach business

Productivity
Innovation
StrategySustainability
Strategy

GlobalExpansion
Strategy

President & CEO

Six

Basic

Strategies

New BusinessDevelopment
Strategy

Financial
Strategy

Governance
Strategy

ROE 10.0％ or above

2024 Goals （Mid-term KPI）
Net Sales

JPY790 billion

Operating proﬁt

JPY32 billion

Appropriate capital policy【Sustainability KPIs】
Values

Themes2024 Goals

Action toward
CO2 emissions（Scope1・2） Reduced by 10% （on FY2018）
Environmental Climate Change andOcean Environment Usage of plastic* Reduced by 10% （on FY2015）
Value

SocialValue

Sustainable
Procurement
Solving Health
Challenges

Procurement of sustainable marine resources 80%Assessments of primary suppliers* 100%
Sales of healthy products category: Expanded by 130% （on FY2021）

Employee engagement score* Improved by 10% （on FY2021）
Value in Play Important Roles
Humanby Diverse Human Ratio of female managers* 10%
Resources
Resources
Ratio of female executives and directors* 10%

03

NISSUI Corporate ProﬁleDetails on the Six Basic
Strategies to achieve
the Mid-Term Business Plan

*Numbers not Nissui Group Total

NISSUI Corporate Proﬁle04

VALUE 1

Nissui ’s Value Chain

A commitment to maximizing the value of ingredients throughthe synergy of our three businesses of Marine Products, Food Products,and Fine Chemicals to deliver innovative food solutions to people all over the world.

Nissui GLOBAL LINKS
Access to resources

p.07 - 08

R&D that brings out the strengths of materials

Advanced technology knowledge that supports the value chain(Processing & Producing, logistics, Quality Assurance)

Fillet, pickled ﬁsh

Globalprocurement
capabilities

MarineProductsBusinesss）

toR&DoryCe
nter

Fine
ChemicalsBusiness（elopment
Dev epts
DAdvancedaquaculturetechnology

FoodProducts
BusinessLogisticstora gyb
Oit Centraa M al Research L hnoloarineecBiological T ulture ）（n Innovation
Ope

Access tosustainable marine
resources

Innovation Ckyo
To sic research on foods thro ente
Ba business applicatio ughrn

Restaurants

EC/Delivery

Health food
manufacturers

Pharmaceuticalmanufacturers

Wholesale,
RetailFresh ﬁshAll-temperaturelogistics, handling ofmarine products

Customers of
all ages aroundthe world

Fish pastebased foods
Frozen foods
Food
manufacturers

Chilled foods
Health Category
Products

Quality
Assurance

Processing &Producing(e.g. Protein of Fast-twitch
skeletal muscles)

GFSI certiﬁcation acquired

Fish oil/Fishmealuac
Basic research of aq ess
Adaptation to busin

Alternative protein
Functional food products
IMARK, etc.

Land-based/Large scale oﬀshore aquaculture, etc.

Functional lipids EPA・DHA

Advanced Aquaculture Technology
Sustainably Procured 71％

72 aquaculture bases

Development of alternative protein products(33 in Japan, 39 overseas)*1

Global Supply Chain(Raw materials procured from more than 48 countries)

05

Diﬀerentiation through artiﬁcial propagation and breeding

Fully cultured Kurose Buri (Japanese amberjack)Of 2.71 million tons of natural ﬁsh handled

NISSUI Corporate ProﬁleSupporting healthy, sustainable foodHigh-purity EPA

Establishment of advanced
puriﬁcation technology
Born out of Alaska pollock researchProtein of Fast-twitch
skeletal muscles

Pharmaceutical raw materials
Frozen prepared marine foods
for household use

1

US share No.

*2

GFSI*3 standard certiﬁcation acquired

processing/32 production sites

Global Supplierof EPA Pharmaceutical
Ingredients

Market for household use frozen rice balls

Japanese manufacturer

1 *4share No.

Market for household use ﬁsh cake(processed ﬁsh cake with tube-like shape)

Japanese manufacturer

1 *5share No.

*1 Counted as one aquaculture area for consolidated subsidiaries.
*2 August 2022‒April 2024 monetary amount share in IRIʼs category of frozen preparedmarine foods for household use in the United States.
*3 GFSI (Global Food Safety Initiative): a private consortium of global food companies
collaborating and working together to improve food safety and strengthen consumer
conﬁdence in food products through initiatives such as certiﬁcation of food safety
management standards.
*4 April 2023‒April 2024 monetary amount share in INTAGE Inc. SRI+ʼs category offrozen rice balls for household use.
*5 April 2023‒April 2024 monetary amount share in INTAGE Inc. SRI+ʼs category ofﬁsh cake for household use.

NISSUI Corporate Proﬁle06

VALUE 2

Nissui Global Links

Nissui Group’s Business Scale (As of March 31, 2024)

Nissui Global Links is an international family of independent businesses, joined
together by common goals and a shared ethos. It consists of Global Links connecting
global resources with dining tables and Local Links connecting diverse functions in831.3

Overseassales ratioConsolidated net Sales

JPYbn.

39.5%

each region. Our‘global family’co-operatively shares their vast resource of foodindustry expertise, helping to develop innovative processing techniques, delicious added

26

Global Networkcountries*Number of countries in which NissuiGroup-affiliated companies have bases.
Affiliates include Nissui subsidiaries andcompanies shown on the map.

Consolidated no.
of employees

10,104

value products and truly sustainable procurement practices.

JapanNorth America
Marine products processing Food production and sales
and sales

Aquaculture/marine
products processing and salesMarine products
purchasing and sales

Marine products purchasingand sales

Fishery/Marine products
processing and sales

EuropeFood production and sales

Marine products
purchasing and sales

Food production and sales

Cold storage management/
Freight transportation

LOCAL LINKS

Food production and sales

Marine products processing and sales

Asia
Food productionand sales

Marine products purchasing and sales

Food production and sales

Marine products
processing and sales

GLOBAL LINKSNISSUI Corporate ProﬁleMarine products
processing and sales

Fishery/Marine products
processing and sales

Oceania

NissuiThailand07

South America

Marine products purchasingand sales

Aquaculture/
Marine products
processing and sales

Agricultural
products cultivated,
processing and sales

Fishery and Aquaculture/
Fishery/Marine
Marine products
products processing and sales
processing and sales

Marine products
purchasing and sales(As of July 31, 2024)

NISSUI Corporate Proﬁle08

Nissui Group Businesses

MarineProducts Business

Food
Products Business

Creating new value from marine resources
by building a global value chain for marine
products, from ﬁshery and aquaculture toprocessing and marketing

Creating innovative food solutions by providing
delicious, convenient processed foods inresponse to changes in society and customerlifestyles

短期養殖本まぐろNorth America

EuropeWe access marine resources via ﬁsheries/aquaculture throughNissuiʼs Food Products Business continues to grow thanks

collaboration among our Global Links throughout the world and Local

to Nissuiʼs unique products that leverage the strengths ofLinks within each region.

its Japan-based and overseas Group companies in raw

Utilizing the processing technologies and product development

material procurement and production technologies.

capabilities cultivated over many years to make full use of marine

In Japan, it sells frozen foods for retail and commercial use,products, we not only sell fresh and frozen ﬁsh but also are advancing

canned and bottled foods, and Surimi-Boiled products suchour “food processing” eﬀorts to process products into convenient

as ﬁsh sausages and Surimi-Based products. Overseas,

forms that are easy for customers to use.

Group companies such as Gortonʼs, which has the largest

As the global demand for marine products grows, sustainable

share of the retail frozen prepared marine foods market inaquaculture operations are playing an increasingly important role due

North America, Cité Marine, a leading French chilled foods

to the ﬁnite nature of natural marine resources. The Nissui Group iscompany, and Three Oceans Fish Company of the Unitedengaged in the full cultivation of high-quality coho salmon and trout inKingdom, which specializes in white ﬁsh products, areSouth America and the full cultivation of Japanese amberjack, cohodeveloping their business in their respective regions.

Japansalmon/trout, Paciﬁc blueﬁn tuna, and other species in Japan, as wellas the production/sale of compound feeds for farmed ﬁsh.

09

NISSUI Corporate Proﬁle

NISSUI Corporate Proﬁle10

Nissui Group Businesses

Fine Chemicals
BusinessGeneral Distribution
Business

Advanced puriﬁcation and processing technologies
and a global supply chain delivering functional lipids(EPA/DHA) to people of all ages

Supporting all temperature zone logistics originatingfrom cold/refrigerated storage facilities locatedacross Japan

Fine Chemicals General Factory
Kashima Pharmaceutical Factory

Since the 1980s, Nissui has been engaged in the research, production andNissui Logistics Corporation manages the logistics business of thecommercialization of eicosapentaenoic acid (EPA) contained in sardines

Nissui Group and has ex tensive experience in handlingand other blue-backed ﬁsh for over 40 years. Having established advanced

low-temperature food and seafood storage. The company can

puriﬁcation techniques for EPA, the company has been producing andaccommodate a broad range of temperature zones, from ultra-low

distributing EPA as a pharmaceutical raw material, having obtained

temperatures of -50℃ to frozen and chilled, as well as room

approval for its use in the treatment of arteriosclerosis obliterans andtemperature. The Nissui Group has established a nationwide network

hyperlipidemia. In 2021 we received FDA certiﬁcation and began exportingof cold storage warehouses located in port areas, connecting major

to the U.S. as a global supplier of EPA pharmaceutical raw materials.

cities, based on its quality control standards.

Furthermore, focusing on the diverse eﬀects of EPA, Nissui produces andAt the same time, to enhance transportation and delivery eﬃciency,

supplies EPA as a functional ingredient and uses it in various foods for

the Group promotes collaborative food logistics with other industry

speciﬁed health uses, foods with functional claims, supplements, andplayers. Carrynet Co., Ltd., which handles the Groupʼs transportation

other general food products.

operations, also makes use of trailer transport.

The company is also involved in other functional ingredients derived fromIn response to the “logistics 2024 problem,” we are working based on

marine resources, such as supplying docosahexaenoic acid (DHA) as aour voluntary action plan while also addressing social issues in theraw material for foods such as powdered infant formulas and functional

environmental space by promoting measures such as decommissioning

foods both in Japan and overseas.

refrigerated warehouses that use CFCs and shifting modes ofCold Storage BusinessTransportation andDistribution Business

Customs clearance

transportation to the use of sea transport such as ferries to reduce
CO2 emissions.

11NISSUI Corporate Proﬁle

NISSUI Corporate Proﬁle12Founding:Toward the industrial developmentof the ﬁsheries industry

A 110-year-plus history of creating diverse value from marine resources

1911～

1911 Tamura Steamship Fishery Company founded using
the UK-built trawler “The Minato Maru”

Postwar reconstruction
to expansion of scale

1940 s～2000 s～1980 Epidemiological study of EPA commences with Chiba University

2004

1967

Full-scale production of on-board frozen surimi commences

1968

Nationwide sales of1987 Launch of production of formula feed for use in aquaculture andother products

Establishment of Kurose Suisan Co., Ltd. and entry into
domestic Japanese amberjack aquaculture business

2007

EMDEPES S.A. founded in Santiago, Chile

1988 Acquisition of Salmones Antártica S.A. (Chile)

Acquisition of shares in Cité Marine S.A.S. (France)

1978(grilled rice balls),
1989 Launch ofa frozen food for the retail market

2011Completion of Tokyo Innovation Center2017

Completed construction of the Kashima Pharmaceuticals Plant,
a comprehensive plant for the Fine Chemicals Business1993 Construction completed on the Central ResearchLaboratory’s Oita Marine Biological Technology Center2022

Change of company name to Nissui Corporation

1920 Establishment of the Hayatomo Fishery Research Institute1958

1930 Commercialization of on-board rapid freezing device
Relocation to the Tobata Fishing Port completed

begin in Japan

1937 Name changed to Nippon Suisan Kaisha, Ltd.

Trawler “The Minato Maru” Tobata Fishing Port at initial planning stage

Establishing a global
supply chain

Full-scale production of frozen foods commences

Full-scale production of “Tuna Sausage” commences

seafood companies in the ﬁrst 25 years
after founding.

1970 s～Acquisition of shares in Sealord Group Ltd. (New Zealand)
Acquisition of Gorton’s, Inc. (U.S.A.)

1952＞＞＞ Growing into one of the world’s largest

Period of stagnation:
Looking toward a change
in business structure

2001

Establishment of the Nippon Kaiyo Gyogyo Tosei K.K.

Kontserun (“Nissan Konzern Group”)

through operations not only in marine products business but also in ﬁelds such as food products and ﬁne chemicals business.

1977 U.S. and Soviet Union enact 200-natural-mile exclusiveﬁshing zones; withdrawal from global ﬁshing grounds since1943

1934 Joinedwide range of diﬃculties. The company now delivers innovative food solutions for healthy living and a sustainable future around the world,＞＞＞ Capital investment in onshore/oﬀshore
operations, expanding scale during
the high-growth period.

Production of“Tuna Sausage”＞＞＞ Hard times due to withdrawal from the＞＞＞ Development of global Group management

Salmones Antártica (Chile) processing plant Central Research Laboratoryʼs Oita Marine
Biological Technology CenterGortonʼs (U.S.A.) product lineup in 2001

deep-sea ﬁshing operations.
New business ventures launched, but poor
performance continues.

HISTORY

The Nissui Story

Founded in 1911 as a trawler ﬁshing business, throughout its 110-year-plus history, Nissui has met the waves of change and confronted awith the aim of “converting marine
resources into value for our customers”

Salmones Antártica S.A.
“FIVE STAR” Brand■ Marine Products Business■ Food Products Business

Overview of the Nissui Group

North America Nissui USA, Inc. ■Nissui Group
Consolidated number of employees: 10,104
Consolidated net sales: JPY831.3 billion
Consolidated operating proﬁt: JPY29.6 billion
No. of Group companies: 91(As of March 31, 2024)

UniSea, Inc. ■F.W. Bryce, Inc. ■Glacier Fish Company, LLC ■OVERVIEW

Minato-ku Tokyo 105-8676
Founded: 1911
Established: 1943
Capital: JPY30,685 million

NISSUI Corporate ProﬁleThai Delmar Co., Ltd. ■King & Prince Seafood Corporation ■Sealord Group Ltd. ■BlueWater Seafoods, Inc. ■South America Nissui América Latina S.A.（N.A.L.） ■Empresa de Desarrollo Pesquero de Chile S.A.
（EMDEPES） ■Nordsee Comercial Importadora Y Exportadora, Ltda. ■Europe Nissui Europe B.V. ■Nordic Seafood A/S ■Tai Mei Food Industrial Corp. ■Australian Longline
Fishing Pty Ltd. ■Wakkanai Tobu Co., Ltd. ■Kyowa Fishery Co., Ltd. ■Hokkaido Fine Chemicals Co., Ltd. ■Tokai Gyogyo Co., Ltd. ■Sasaya Shoten Co., Ltd. ■Tohoku Area MUSASHINO FOODS CO., LTD. ■mogamifoods Co., Ltd. ■HACHIKAN Co., Ltd. ■YAMATSU-SUISAN, Ltd. ■Nippon Delica Service Co., Ltd. ■Funabashi Delica Service CO., LTD. ■CHILLDY CO., LTD. ■NISSUI LOGISTICS CORPORATION ■TOKYOSUISANUNYU CORPORATION ■Regal Fish Supplies Ltd. ■SUISAN RYUTSU CO., LTD. ■Flatﬁsh Ltd. ■NIPPON MARINE ENTERPRISES, LTD. ■Cité Marine S.A.S. ■SANKYOU-SUISAN Co., Ltd. ■Cap Océan S.A.S. ■MITI S.A.S. ■Europacíﬁco Alimentos Del Mar, S.L. ■Kyowa Sangyo Co., Ltd. ■HIROSHIMASUISAN CO., LTD. ■Kunihiro Inc. ■Kanekosyokuhin Co., Ltd. ■Kanto/Koshinetsu Area YOKOHAMA TRADING CORPORATION, LTD. ■ Kyushu Area Hakata Marukita Suisan Co., Ltd. ■KANEKO SANGYO CO., LTD. ■Aqua Platform Co., Ltd. ■NISSUI ENGINEERING CO., LTD. ■Halieutis Fish & Co, S.A.S. ■■ Other

Hokkaido Area HOKKAIDO NISSUI CO., LTD. ■ Chugoku/Shikoku Area Yumigahama Suisan Kaisha, Ltd. ■J.P. Klausen & Co. A/S ■Three Oceans Fish Company Ltd. ■13NIGICO Co., Ltd ■Qingdao Nissui Food Researchand Development Co., Ltd. ■Nissui América Latina Perú S.A. ■Nishi-Shimbashi Square, 1-3-1 Nishi-shimbashi,

Asia/Oceania Nissui (Thailand) Co., Ltd. ■Gorton’s, Inc. ■Salmones Antártica S.A.（S.A.） ■Nissui Corporation

Main Domestic Group Companies

Main Overseas Group Companies■ Fine Chemicals Business■ General Distribution BusinessChubu/Kansai Area HOKURIKU FRESH FOODS Co., Ltd. ■CARRY NET CO. ■TOMISO Co., Ltd. ■DAISUI CO., LTD. ■K-TEION FOODS CO., LTD. ■Nissui Maguro Co., Ltd. ■FARMCHOICE Co., Ltd. ■KUROSE SUISAN CO., LTD.■
Kitakyushu Nissui Ltd. ■Nippo Foods Industry Co., Ltd. ■Ryukyu Delica Service Co., Ltd. ■NISSUI MARINE KOGYO CO., LTD. ■Nagasaki Shipyard Co., Ltd. ■Rinkai kenkyu Co., Ltd. ■(As of July 31, 2024)
For details of group companies,please visit the“List of Group Companies"

on the Nissui website.
NISSUI Corporate Proﬁle14