Japanese seafood giant Umios – formerly known as Maruha Nichiro – posted an increase in its net sales and EBITDA for the financial year ending 31 March 2026.
During the time frame, the company saw net sales of JPY 1.1 trillion (USD 6.99 billion, EUR 5.94 billion), which was up 2.5 percent from the JPY 1.08 trillion (USD 6.87 billion, EUR 5.83 billion) it posted in the prior year. Operating income also increased slightly to JPY 31.2 billion (USD 198.44 million, EUR 168.52 million), up from JPY 30.4 billion (USD 193.35 million, EUR 164.12 million). EBITDA increased to JPY 53.1 billion (USD 337.73 million, EUR 286.68 million), up from JPY 51.6 billion (USD 328.18 million, EUR 278.57 million). Operating income also increased to JPY 31.2 billion (USD 198.44 million, EUR 168.52 million) from JPY 30.4 billion (USD 193.35 million, EUR 164.12 million).
Profits dipped slightly to JPY 22.2 billion (USD 141 million, EUR 119 million) from the JPY 23.3 billion (USD 148.19 million, EUR 125.79 million) it posted in the same period of the prior year. However, that amount beat Umios' forecasted profit of JPY 19.5 billion (USD 124.02 million, EUR 105.28 million) – as did its operating income, net sales, and EBITDA.
Umios' increase in operating income was largely attributable to its marine resources business segment, which saw an uptick in income of JPY 6.3 billion (USD 40.07 million, EUR 34.01 million). The company said business structural reform and production improvement, along with higher sales volume, were to thank for the increase.
Umios said its fishing business's net sales were down due to lower skipjack tuna catches and weaker fish prices, but operating income increased thanks to higher catch in fisheries where the company has worked to improve efficiency and also ]to Umios withdrawing from unprofitable businesses.
Aquaculture saw both higher sales and income due to strong prices for yellowtail and amberjack and higher net sales and yields. The company's North American marine operations also saw higher sales and income as prices for Alaska pollock remained firm.
"Operating income increased significantly, driven by cost reduction effects from production site consolidation and strong sales of imitation crab products," Umios said.
Gains in the company's marine products business were offset by the foodstuff distribution business segment and the processed foods business segment. Foodstuff's operating income dropped by JPY 2.2 billion (USD 13.99 million, EUR 11.88 million) due to lower income in the meat and products business, and processed foods dropped by JPY 3.9 billion (USD 24.8 million, EUR 21.06 million) due to lower sales volume in Japan and lower overseas pet food operating income caused by currency exchange rates.
For FY 2026, Umios is forecasting net sales of JPY 1.11 trillion (USD 7.06 billion, EUR 5.99 billion).
On the same date as it published its FY 2025 results, Umios also announced it is transferring 51 percent of Umios Logistics to SENJO Group Holdings. Umios said it entered a comprehensive business alliance agreement with SENKO on 26 May 2025, centered around logistics functions. Since that time, Umios said the logistics industry has faced “significant changes in the business environment” and that utilizing the expertise of SENKO will be essential for the Umios Groups logistics functions.
“Against this backdrop, [Umios] has confirmed that SENKO possesses the operational capabilities necessary to ensure the logistics quality required for increasingly prevalent high-value-added processed products, including transportation and delivery functions, and is capable of establish a sustainable framework aligned with the company’s business operations for the handling and storage of both international and domestic cargo,” Umios said.
