Japanese seafood company Nissui posted a double-digit percentage increase in its operating and ordinary profit in Q3 2025, or the three-month period ending 31 December 2025.
Nissui posted net sales of JPY 689.7 billion (USD 4.4 billion EUR 3.7 billion), marking a year-over-year increase of 4 percent compared to Q3 2024. That increase in revenue came with a significant increase in profit, with the company posting an operating profit of JPY 31.4 billion (USD 199.9 million EUR 169.1 million) in Q3 2025, up 26.5 percent over the same period of the prior year.
Ordinary profit also increased by 21.1 percent to JPY 33.7 billion (USD 214.5 million EUR 181.4 million) in the period, and profit attributable to owners of the parent company increased to JPY 22.3 billion (USD 141.9 million EUR 120.1 million), up 14.1 percent.
"With the steady recovery of the aquaculture business and North American processing segment, along with continued strong performance in the domestic chilled products business, both sales and profit increased, progressing at a pace significantly exceeding the initial plan," Nissui said in its results.
By division, its marine products segment saw revenue of JPY 279.1 billion (USD 1.8 billion EUR 1.5 billion) in Q3 2025, an increase of 3.2 percent over the same period of 2024. Its food products segment saw an even bigger jump in revenue, climbing to JPY 375.6 billion (USD 2.4 billion EUR 2 billion), an increase of 5.5 percent.
Nissui said much of its increase in operating profit is thanks to its marine products segment. Its fishing business saw increased profits thanks to strong catches of Japanese amberjack, mackerel, and tuna.
“In aquaculture, profits also rose supported by increased coho salmon production, improved aquaculture performance, and higher selling prices for Japanese amberjack,” Nissui said.
The company said an upturn in market conditions also contributed to the increase in its South American aquaculture operations, as its strong biological performance helped capitalize on higher selling prices.
Its processing and trading businesses also pushed up the company’s profits, Nissui said.
“In North America, increased sales of processed fillets and higher surimi prices improved results,” the company said. “In the domestic trading segment, profits declined due to sluggish sales of salmon and trout, fish oil, and fishmeal.”
The strong Q3 builds on a solid H1 2025, which the company attributed to economic growth in Japan. Nissui is in the midst of its FY 2025 financial plan, which it dubbed “Good Foods Recipe 2” that builds on its previously announced “Good Foods 2030” plan. The company completed Stage 1 of that plan in 2025 and, in the current fiscal year, has taken on a number of new initiatives and projects, including breaking ground on a new production facility and purchasing Chilean salmon-farming firm Yadran for USD 133 million (EUR 113 million).
Looking forward, the company has revised its full-year forecast upward and is predicting new record-high profits and increased dividends for shareholders. It also said that through synergies and the purchase of Yadran, it plans to expand its production capacity of Atlantic salmon to over 80,000 metric tons (MT), or roughly two and a half times the current production level.
The company said it is also planning to produce up to 10,000 MT of salmon in Japan by 2030 by expanding its facilities in the Iwate Prefecture and through developing new juvenile salmon production sites.
