Nissui blamed the drop – from 4 billion yen (US$35.2 million) to 2bn yen ($17.6m) on a massive mortality of juveniles during 2017 caused by an outbreak of infectious pancreatic necrosis (IPN).
This delayed stocking and consequently lowered 2018 harvest levels.
Nissui said the loss was within its expectations, and things were back on track. “So far we are running smoothly to achieve our annual plan and, therefore, the dividend will be paid to shareholders according to schedule,” it said in a report for investors.
It revealed a series of improvements that it is applying to its aquaculture business. Among them, stabilising its operations and differentiating them from competitors, improving farming methods and the size of its coho salmon eggs, along with increasing the promotion of salmon and trout for end-of-year purchases.
The Japanese group aims that, by 2030, all its species linked to its Marine Products division will be sustainable. This was reinforced with the participation of Nissui in SeaBOS (Seafood Business for Ocean Stewardship) last September, which has manifested its commitment to the sustainability of the industry worldwide.