The company is expanding overseas purchasing bases to bolster its capabilities as a trading company.
Plans call for increasing sales of canned, frozen and other processed food products.
A leading supplier of canned salmon and crab, the company's Akebono-brand canned fish and frozen foods are a stable source of earnings. Nichiro is now placing emphasis on the development and import of marine products and processed seafoods as well as overseas procurement of other ingredients. The company is expanding production and sales capabilities to become a comprehensive food processor with special skills in marine products. With offices around the world, Nippon Suisan has a strong supply network for fish paste and other products. Large unrealized capital gains add strength to the balance sheet.