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Company type | Public KK |
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TYO: 1332 Nikkei 225 Component | |
Industry |
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Founded | Shimonoseki, Yamaguchi, Japan (1911 ) |
Founder | Ichiro Tamura |
Headquarters | Nishi-Shimbashi Square, 1-3-1, Nishi-Shimbashi, Minato-ku, Tokyo 105-8676, Japan |
Area served | Worldwide |
Key people | Shingo Hamada, (CEO and President) |
Products | |
Revenue | ![]() |
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Number of employees | 10,175 (consolidated) (as of March 31, 2013) |
Website | Official website |
Footnotes /references [2] [3] [4] |
Nissui Corporation (株式会社ニッスイ, Kabushiki-gaisha Nissui), is a marine products company based in Tokyo, Japan. Formerly known as Nippon Suisan Kaisha Ltd. (日本水産株式会社, Nippon Suisan Kabushiki-gaisha) from 31 March 1937 to 30 November 2022, it officially changed its name to its common abbreviation on 1 December 2022.
The company was established as the fishery division of Tamura Steamship Company in March 1911 by Ichiro Tamura (田村市郎), a cousin of the head of the Fujita Zaibatsu ( zaibatsu were large conglomerates in pre-war Japan). Its former headquarters, built in Tobata (Kita Kyushu) in 1929, is now an exhibit center. [5]
It has been listed on the Tokyo Exchange since 16 May 1949, when Japan's stock market was resumed after the Second World War (TYO : 1332). It is the only component of the Nikkei 225 index from the country's fishery sector. [6]
With 768 billion yen annual sales in FY2022, [7] it is now the second largest commercial fishing and marine product procurement corporation in the country by revenue, only surpassed by the Maruha Nichiro Holdings. [8] Its founding principles state 'A tap water supply system is exactly what marine products should be like in their production and distribution'. [9]
In 2005, the company divested its whaling fleet following controversy for its role in the modern global whaling industry (see Whaling in Japan ). [10]
As of 2013, the company has 61 subsidiaries and 44 associated companies across Japan, Australia, New Zealand, Asia, Europe and North and South America. [11]
In FY2022, Nissui had 9515 employees and a total net asset of 220.6 billion Yen. As of 10 February 2023, its market capitalisation is 283 billion Yen. Nissui's CEO is Shogo Hamada, who has a degree of fisheries science from the University of Tokyo [12] and has been working for the company since 1983. [13]
After exclusive economic zones (EEZ) were introduced by the 1982 United Nations Convention on the Law of the Sea, Nissui's traditional business model of pelagic fisheries collapsed, as most of continental shelves, where Nissui's ships used to fish, was now to be controlled by other countries. No longer running a profitable business, Nissui found itself unable to allocate any of its profit to dividends for the first time in its history as a publicly traded company in 1991. [14] [15]
This business downturn became an impetus for the company to change its business model, and during the 1990s it invested heavily in aquaculture of salmon by its Chilean subsidiary Emdepes, extraction of Eicosapentaenoic acid from fish for pharmaceutical use, and production of frozen food. It also started to diversify the sources of fish supply by establishing and acquiring subsidiaries around the world. [15]
These efforts gradually proved successful, and its main sources of revenue are now its traditional fishery&marine products business, and the fine chemical and processed food divisions. Today, its subsidiaries across the world not only contribute to the stabilisation of Nissui's supply chain as originally intended but also sell products that cater to the needs of each country. Its US subsidiary Gorton's of Gloucester is the top supplier of frozen marine products, and supplies hamburgers to McDonald's. Its New Zealand subsidiary Sealord is the largest supplier of fried fish and one of the largest food companies in the country. Its French subsidiary Cité Marine holds a similar position in the French frozen food market. [16] [17]
Nissui has been working to make land-based aquaculture commercially viable. Nissui's current aquaculture business, mainly salmon and Japanese amberjack, is mostly conducted in the traditional way of ocean-based aquaculture, meaning they keep fish in segregated areas of harbours or in tanks that are connected to ocean. However, keeping fish in ocean water means they are prone to get diseases or affected by natural conditions, which sometimes result in worst scenarios such as annihilation. This method also has a large impact on the ecosystem that share the water. Thus, from both the perspectives of business stability and environmental friendliness, land-based aquaculture is more desirable. In April 2023, as Nissui's first land-based commercial aquaculture project, a whiteleg shrimp farm started operations in Ei, Kagoshima. A mackerel farm is also planned to start commercial operations in 2026. [18] [19] [20] [21]
Aquaculture, also known as aquafarming, is the controlled cultivation ("farming") of aquatic organisms such as fish, crustaceans, mollusks, algae and other organisms of value such as aquatic plants. Aquaculture involves cultivating freshwater, brackish water, and saltwater populations under controlled or semi-natural conditions and can be contrasted with commercial fishing, which is the harvesting of wild fish. Aquaculture is also a practice used for restoring and rehabilitating marine and freshwater ecosystems. Mariculture, commonly known as marine farming, is aquaculture in seawater habitats and lagoons, as opposed to freshwater aquaculture. Pisciculture is a type of aquaculture that consists of fish farming to obtain fish products as food.
The fishing industry includes any industry or activity that takes, cultures, processes, preserves, stores, transports, markets or sells fish or fish products. It is defined by the Food and Agriculture Organization as including recreational, subsistence and commercial fishing, as well as the related harvesting, processing, and marketing sectors. The commercial activity is aimed at the delivery of fish and other seafood products for human consumption or as input factors in other industrial processes. The livelihood of over 500 million people in developing countries depends directly or indirectly on fisheries and aquaculture.
Gorton's of Gloucester is a subsidiary of Japanese seafood conglomerate Nippon Suisan Kaisha, Ltd., producing fishsticks and other frozen seafood for the retail market in the United States. Gorton's also has a North American food service business which sells to fast-food restaurants such as McDonald's, and an industrial coating ingredients operation. It has been headquartered in Gloucester, Massachusetts, since 1849.
Tassal is a Tasmanian-based Australian salmon farming company founded in 1986. It was listed on the Australian Securities Exchange (ASX) from 2003 until 2022. Tassal is the largest producer of Tasmanian grown Atlantic salmon, supplying salmon to both domestic and international markets. In November 2022, it was acquired by Canadian seafood company Cooke Inc. and delisted from the ASX.
Agriculture, forestry, and fishing form the primary sector of industry of the Japanese economy together with the Japanese mining industry, but together they account for only 1.3% of gross national product. Only 20% of Japan's land is suitable for cultivation, and the agricultural economy is highly subsidized.
Mowi ASA, known as Marine Harvest ASA until January 1, 2019 and as Pan Fish prior to February 6, 2007, is a Norwegian seafood company with operations in a number of countries around the world. The company's primary interest is fish farming, primarily salmon, the operations of which are focused on Norway, Scotland, Canada, the Faroe Islands, Ireland and Chile. The group has a share of 25 to 30% of the global salmon and trout market, making it the world's largest company in the sector. Mowi also owns a 'value added processing' unit, which prepares and distributes a range of seafood products, and a number of smaller divisions.
Sustainable seafood is seafood that is caught or farmed in ways that consider the long-term vitality of harvested species and the well-being of the oceans, as well as the livelihoods of fisheries-dependent communities. It was first promoted through the sustainable seafood movement which began in the 1990s. This operation highlights overfishing and environmentally destructive fishing methods. Through a number of initiatives, the movement has increased awareness and raised concerns over the way our seafood is obtained.
Loch Fyne Oysters is a seafood and meat company that operates on the banks of Loch Fyne, Scotland. The company created the Loch Fyne Restaurants chain, which was later sold to Greene King. Loch Fyne Oysters still owns the Loch Fyne brand and supplies its products to the restaurant chain.
Toyo Suisan Kaisha, Ltd., best known as Toyo Suisan, is a Japanese company specializing in ramen noodles, through its Maruchan brand, seafood and frozen and refrigerated foods. It is the fourth-largest transnational seafood corporation.
This page is a list of fishing topics.
Aker BioMarine is a Norwegian fishing and biotech company providing krill products through a fully documented and secured catch and process chain. Based in Oslo, Aker BioMarine is part of the Aker Group and the company also created Eco-Harvesting.
The coastline of the Russian Federation is the fourth longest in the world after the coastlines of Canada, Greenland, and Indonesia. The Russian fishing industry has an exclusive economic zone (EEZ) of 7.6 million km2 including access to twelve seas in three oceans, together with the landlocked Caspian Sea and more than two million rivers.
Aquaculture started to take off in New Zealand in the 1980s. It is dominated by mussels, oysters and salmon. In 2007, aquaculture generated about NZ$360 million in sales on an area of 7,700 hectares. $240 million was earned in exports.
Maruha Nichiro Corporation is a Japanese seafood company, beginning its operation in 1880, when its founder, Ikujiro Nakabe, began a fish sale business in Osaka. The company is the largest of its kind in Japan, with Nippon Suisan Kaisha and Kyokuyo Co., Ltd. as its main competitors.
The following outline is provided as an overview of and topical guide to fisheries:
Feng Sushi is a UK-based restaurant chain known for advocating sustainable fish farming. The company was founded in 1999 by chef Silla Bjerrum and chef Jeremy Rose, with restaurant entrepreneur Luke Johnson the majority owner since 2010.
Fisheries law is an emerging and specialized area of law. Fisheries law is the study and analysis of different fisheries management approaches such as catch shares e.g. individual transferable quotas; TURFs; and others. The study of fisheries law is important in order to craft policy guidelines that maximize sustainability and legal enforcement. This specific legal area is rarely taught at law schools around the world, which leaves a vacuum of advocacy and research. Fisheries law also takes into account international treaties and industry norms in order to analyze fisheries management regulations. In addition, fisheries law includes access to justice for small-scale fisheries and coastal and aboriginal communities and labor issues such as child labor laws, employment law, and family law.
Surimi is a paste made from fish or other meat. It can also be any of a number of East Asian foods that use that paste as their primary ingredient. It is available in many shapes, forms, and textures, and is often used to mimic the texture and color of the meat of lobster, crab, grilled Japanese eel, or shellfish.
Sir Graeme Thomas Harrison is a New Zealand business executive. He was the driving force behind ANZCO Foods, which is New Zealand's fifth-largest exporter. He was at the helm of ANZCO Foods for 34 years until his retirement in 2018.
Taneko Suzuki was a Japanese biochemist and nutritionist who was an expert in protein chemistry and development of foods from fish proteins. Her work on transforming pollock into a hamburger-like substance received the Minister of Agriculture, Forestry and Fisheries Award in 1980. She was also honored with the Achievement in Processing and Technology Award of the Japanese Society of Fisheries Science in 1980, and the Director's Medal from the Japan Science and Technology Agency Commissioner in 1985.
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