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Okamura Foods Co. Ltd. ( (JP:2938) ) has issued an update.
Okamura Foods’ subsidiary Japan Salmon Farm Co., Ltd. will establish a new joint venture, Japan Salmon Farm Yakumo Co., Ltd., in Yakumo Town, Hokkaido, together with the Hiyama Fisheries Cooperative Association and the local municipality. The new entity, majority-owned by the subsidiary, will engage in the aquaculture, processing, and sales of trout, other fish species, and seaweed, reinforcing the group’s vertically integrated model.
The initiative is a key step toward Okamura Foods’ Medium-term Management Targets 2030, which call for expanding domestic aquaculture production to 12,000 tons and scaling overseas wholesale operations. By increasing capacity at land-based farms and collaborating closely with local governments and fisheries cooperatives, the company aims both to remove production bottlenecks and to stimulate related industries, contributing to regional economic revitalization and sustainable community development in Hokkaido.
More about Okamura Foods Co. Ltd.
Okamura Foods Co., Ltd. operates in the seafood industry with a vertically integrated business model spanning aquaculture, processing, and sales. Through its subsidiary Japan Salmon Farm Co., Ltd., the company focuses on expanding domestic aquaculture production and strengthening wholesale operations, particularly for trout and other marine products in Japan.
Average Trading Volume: 92,137
Technical Sentiment Signal: Buy
Current Market Cap: Yen61.36B
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