- CEO
- Masaru Ikemi
- Full Time Employees
- 12,479
- Sector
- Consumer non-durables
- Industry
- Food: meat/fish/dairy
- Address
- 3-2-20 Toyosu Tokyo TY Japan 135-8608
- IPO Date
- Apr 1, 2014
- Business
- Maruha Nichiro Corporation (TSE: 1333) is a leading global seafood company engaged in fishing, aquaculture, food processing, trading, meat products, and distribution. The company operates through three core segments: Marine Resources, encompassing fishery operations, aquaculture including bluefin tuna and other species, and North America operations focused on Alaska pollock processing and imitation crab products; Foodstuff Distribution, covering marine products trading across approximately 70 countries, foodstuff distribution, and agricultural and meat products; and Processed Foods, including frozen and canned seafood, fish sausages, chikuwa, desserts, retort pouch foods, seasonings, pet food, supplements, fine chemicals such as heparin, space food, and nursing care products. It maintains a global procurement network spanning over 70 countries and regions, with subsidiaries and operations in North and South America, Europe, Asia, Africa, and Oceania, including key facilities in Japan, the United States, the Netherlands, and Thailand. Founded in 1880 and headquartered in Toyosu, Koto-ku, Tokyo, Japan, the company integrates upstream resource procurement with downstream manufacturing, trading, and logistics functions.
In recent developments, Maruha Nichiro has advanced its mid-term management plan launched in fiscal 2025, targeting operating income of 40 billion JPY and ROIC of 5% by March 2028 through 140 billion JPY in growth investments, emphasizing a "Glocal Strategy" and corporate transformation under the new vision of promoting health for people and the planet via ocean-inspired food solutions. The company announced plans in March 2026 to rebrand as Umios Corporation, accompanied by a 3-for-1 stock split effective December 31, 2025, and a commemorative shareholder benefits program over three years. Key strategic moves include acquiring a 9.9% stake in surimi specialist Kibun Foods in March 2025 for collaboration in product development, manufacturing, sales, and logistics in Japan and overseas markets such as the U.S., EU, and Asia; entering a comprehensive business alliance with Senko Group Holdings in May 2025 to enhance logistics, personnel training, and international operations; and through subsidiary Seafood Connection Holding B.V., purchasing a 70% majority stake in Dutch processor Van der Lee Seafish in May 2025, followed by acquiring the remaining 18.04% on December 3, 2025, to achieve 100% ownership and strengthen European sales as a wholly owned entity. Additional expansions encompass expansion of imitation crab production capacity in the U.S. by 25% completing in December 2025, commercialization of cobia aquaculture for trial sales starting May 2025, ongoing reduction of cross-shareholdings to fund global growth, and bolstering pet food operations in Japan (Aixia brand, No. 2 in wet cat food) and Thailand targeting 1.5x sales growth from 2022 levels. These initiatives build on strong interim results for the fiscal year ending March 2026, with record operating income of 18.7 billion JPY, driven by North American improvements and European contributions.