Nissui’s Chilean fish farming operation took a €34.5 million hit compared to the year before

Salmones Antartica hit by low sales prices.

The Japanese seafood company Nissui has posted its financial results for 2020. The company has considerable operations domestically and internationally in wild catch and aquaculture.

Overall, revenue declined by 4.9 per-cent and operating profit dropped 20.8 per-cent.

Salmones Antártica. PHOTO: Google MAP

In South America, revenue and income decreased in the salmon/trout aquaculture business as sales prices went down and it reduced production. Nissui fish farming/processing operation is Salmones Antartica, which sells salmon and trout internationally under the Five Star brand.

Nissui wrote that “real profit loss of salmon/trout aquaculture in South America decreased by YEN 4.6 billion (EUR 34.5 million .ed) from the previous year”.

“We expect that the domestic and chilled business will be improved, the salmon trout aquaculture will be restored,” added Nissui.

The company wrote that looking ahead it will expand aquaculture with salmon farming commercialisation tests in Japan (coho salmon cultivated in Sakaiminato), as well as land-based. Nissui and the major Japanese integrated trading and investment business Marubeni acquired a majority share in the RAS fish farmer Danish Salmon last year.