Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | 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.seafood.media


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
Skretting Introduces New Feed Formulation Concept
FDO Showcases Range of Seafood Products at HORECA Oman 2024
Atlantic Sapphire Further Reduces Carbon Footprint by Joining Esteemed FPL Solar Together Program
GSA Launches BAP Consumer Websites in French and German
High Liner Foods Invests US$10M in Andfjord Salmon
Blue Star Foods Reports 19% Growth to U$2.3 M Revenue for First Quarter Ended March 31
Filetfabrikken is Ready for the Future of Fish Processing
Wanda Fish Unveils Its First Cell-Cultivated Bluefin Tuna Toro Sashimi
Veramaris Achieves a Record-breaking Year With a 50% Increase in Production Volumes
Online registration is Now Open for Aquaculture Vietnam 2024
Tasmanian Oyster Company Renews Friend of the Sea Certification
Good Results in a Biologically Challenging Quarter for Mowi in Norway
Coles Canned Tuna Range to Get Tick of Approval from MSC
Seaweed Caviar: The “Roe” of the Future
A Gourmet Line of Peruvian Seafood Like no Other
Shinkei Announces USD 6 Million in Seed Funding for Sustainable Robotic Fish Harvesting
BEWI Introduces New EPS Grades and Fish Boxes with 60% Lower CO2 Footprint
Enabling the Blue Food Revolution
American Seafoods Releases Annual Sustainability Report
Natural Shrimp, Inc. Completes Successful Trial in Japan
More Articles...

Lenguaje
FEATURED EVENTS
  
TOP STORIES
The price of oil
Peru Fishing and aquaculture for human consumption, those invisible arts to feed the world, have suffered for centuries in our country from enormous neglect by official entities, which keep them relegated,...
Shell processing plant suspends operation, 20 staff laid off
Canada The following is an excerpt from an article published by CTV News: Coastal Shell Products in Richibucto, N.B., has suspended all operations. The company made the announcement in a news release ...
Orpagu and ABANCA strengthen ties to improve the financing and modernization of the fishing fleet
Spain • The new deal includes a variety of credit solutions tailored to address the industry's key challenges  • Products such as the naval mortgage stand out, which will allow longliners ...
Shrimp and Squid, Main Topics of the CFP
Argentina Data on the current shrimp (Pleoticus muelleri) season were presented and the possibility of prospecting new areas was left open. A summary of the topics addressed in the illex monitoring commission w...
 

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. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
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 - 2024 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER