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Okamura Foods Co. Ltd. ( (JP:2938) ) has shared an announcement.
Okamura Foods Co., Ltd. announced that its subsidiary, Musholm A/S, will acquire a 51% stake in Riga Bay Aquaculture, AS, a Latvian company focused on trout aquaculture. This strategic acquisition aims to expand Okamura’s aquaculture operations into Latvia, addressing the challenge of limited aquaculture licenses in Denmark and enhancing the company’s raw material procurement capabilities. The move is expected to significantly contribute to profit growth in both the aquaculture and domestic processing businesses, stabilizing profit volatility and supporting the company’s long-term growth strategy.
More about Okamura Foods Co. Ltd.
Okamura Foods Co., Ltd. operates in the aquaculture industry, focusing on processing and selling fish products such as salmon, trout, mackerel, and fish roe. The company leverages a vertically integrated business model that spans aquaculture, procurement, processing, and sales, with operations in Japan, Denmark, Vietnam, and Myanmar, catering to both domestic and international markets.
Average Trading Volume: 33,727
Technical Sentiment Signal: Buy
Current Market Cap: Yen53.85B
For detailed information about 2938 stock, go to TipRanks’ Stock Analysis page.