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Tuna Supply Amount Slightly Declines in January thru March

February 24, 2009

The 4th Tuna Supply-Demand Council and Forecast Meeting for the year of 2008 by the Fisheries Agency summarized the supply-demand trend of tuna for sashimi.
The supply amount from October to December 2008 (the sum of production and imported amounts) "slightly declined" in comparison with the previous year. However, when compared with the previous period (July thru September 2008), the supply amount slightly grew. Wholesale prices moved weakly.

The stock quantities (in November 2008) amounted to 61,358 tons, or a 33 percent rise, contrasted with three months ago, and a seven percent increase over a year earlier. A wholesale price of frozen big-eye tuna, based on a price at the Tsukiji Market from October through December 2008, was \1,006, or 88 percent of the previous year and 95 percent of the previous quarter.

Tuna Supply-Demand Info.
Recent Trend
Production Amount
Oct. - Dec. 2008
Import Amount
Oct. - Dec. 2008
Stock Amount
November 2008
Wholesale Price (Tsukiji)
Oct. - Dec. 2008
38,419 tons
Year to Year Basis75%
Yearly Average76%
Quarter to Quarter Basis76%
37,235 tons
Year to Year Basis73%
yearly average62%
Quarter to Quarter Basis102%
61,358 tons
Year to Year Basis107%
Yearly Average107%
Quarter to Quarter Basis133%
Frozen Tuna Total
Year to Year Basis104%
Yearly Average108%
Quarter to Quarter Basis94%

25,610 tons
Year to Year Basis75%
Yearly Average75%
Quarter to Quarter Basis81%

26,259 tons
Year to Year Basis68%
yearly average57%
Quarter to Quarter Basis91%
Big-eyed Tuna

16,857 tons
Year to Year Basis87%
Yearly Average100%
Quarter to Quarter Basis96%
Big-eyed Tuna (Frozen)
Year to Year Basis88%
Yearly Average111%
Quarter to Quarter Basis95%
12,809 tons
Year to Year Basis76%
Yearly Average80%
Quarter to Quarter Basis69%
10,976 tons
Year to Year Basis108%
yearly average79%
Quarter to Quarter Basis143%
18,886 tons
Year to Year Basis114%
Yearly Average101%
Quarter to Quarter Basis142%
Yellowfin (Frozen)
Year to Year Basis116%
Yearly Average134%
Quarter to Quarter Basis91%
Supply-Demand Forecast
Jan. - March 2009
Production Amount
Year to Year Basis: Slight decline
Yearly Average: Slight decline
Quarter to Quarter Basis :Slight decline

Import Amount
Year to Year Basis: Average
Yearly Average: Decline
Quarter to Quarter Basis: Increase
Overall Supply Total
Year to Year Basis: Slight decline
Yearly Average: Declinee
Quarter to Quarter Basis: Slight increase

Wholesale Price
Year to Year Basis: Slight weaknesse
Yearly Average: Slight weakness
Quarter to Quarter Basis: Slight weakness
1.The forecast of supply and demand is based on wholesale markets; a year-to-year comparison covers a period of January to March 2008; a yearly average indicates a period of January to March from 2004 thru 2008; and a quarter-to-quarter basis means a comparison with a period ofOctober to December 2008.
2.Both production and import amounts are the aggregates of tuna for sashimi use (except for standardized products of tuna and marlin for canned use) investigated by the Fisheries Agency; and therefore the numbers differ from official statistics.
3.The stock amount was derived from a preliminary report of cold marine products distribution statistics by theMinistry of Agriculture, Forestry, and Fishery (albacore is excluded).
4.The wholesale price (in Tokyo) was surveyed by the Japan Fisheries Information Service Center. A total of frozen tuna indicates an average of combined weight of bluefin, Southern bluefin, big-eyed, and yellowfin tuna.

The original article was published on February 24, 2009 and was translated by Kiyo Hayasaka.

Sanyu Industries Ltd. Attempts at Fillet Processing at -20°C

February 24, 2009

Sanyu Industries Ltd., under management of President Toshihiro Nobata, manufactures high quality food machineries, such as a fillet machine "Super Ita-san" (Super Sushi Chef), making the best of skills cultivated through its automation system business. The company is earning high marks from client users for its high-precision, quality products.

The company constantly incorporates cutting-edge technologies and machinery to provide such high quality products and expertise in the versatile fields of rubber injection molding machinery, factory automation, refuse fermentation treatment system production, energy operation, and aerospace instrument manufacture.

The company's endeavor to utilize well-cultivated skills and proficiency in these different arenas has led to a "Super Ita-san" series. Despite its relatively low production volume of food machineries, the quality and accuracy of the fillet machines the company's high expertise produces is outstanding.

"Super Ita-san" can be easily controlled by a touch panel, sterically processing fish. With weight, length, and width of fish being instantly calculated, the machine cuts it up at appropriate yield ratios after arranging the head and tail parts of different sizes. The setting can be freely adjusted, enabling it to slice fish in preferred shapes. The machine processes 3,600 fillets per hour, exhibiting an excellent capability. It can handle the following fish species: salmon, mero (patagonian toothfish), Greenland halibut, pacific cold, Japanese Spanish mackerel, and amberjack. The series consist of a reasonably priced "Wakadaisho" (young general), an automatic fillet feeder "Okami-san" (landlady), and a fillet counting machine "Nakai Kazuko san" with all humorous names.

New Addition, "Takumi"

The company is currently developing a new machine, named "Takumi" (artisan), which enables to process fish frozen at -20°C. Fish in circulation is frozen at -20°C; fish needs to be defrosted up to -5°C, in order to be processed without generating any residues. Many processors were asking for a machine, which "could handle frozen fish." Thus, the company began undertaking this unprecedented idea. The test model received a great deal of positive feedback at the International Food Machinery and Technology Exhibition (FOOMA) last year. Many of tuna processors, among others, have inquired about this new machine, providing the company a new potential market expansion. Completion of the machine is set for next year.

The original article was published on February 24, 2009 and was translated by Kiyo Hayasaka.

Nippon Suisan Decides on TOB for Daisui

February 23, 2009

Nippon Suisan (Nissui) reached a decision on February 20 that the company would conduct a tender offer (TOB) for common stock of Daisui (located in Osaka). As a result of recent poor business performance and being designated as a trade control brand (under examination) by the Osaka Securities Exchange, Daisui added an annotation, "matters concerning premises of a going business," in both the third quarter results and the quarterly report. The company already entered into an agreement with its largest stockholder, Nissui, on February 5. Nissui currently possesses 7.94 percent of outstanding stock of Daisui; Nissui will conduct the TOB for the purpose of further acquirement of Daisui's stock. Taking Daisui's current circumstances into consideration, Nissui will not set a minimum or maximum amount of stock for purchase, saying that the company's intention is not to acquire all of the already issued common stock or delist the stock of Daisui. The TOB price is \184 per share.

Immediate Consideration of Capital and Business Tie-ups

Concerning business support after the TOB, Nissui says, "It is imperative that we immediately undertake capital and business tie-ups, in order not to damage a value of Daisui. We will map out the details of the partnership, such as fundamental reform of Daisui's business structure under the bilateral project team as well as determination of a number of administrators dispatched from Nissui to Daisui for prompt recovery of Daisui's social trust and business performance. At this point, there are no decisions made, yet."

The agreement reached between Nissui and Daisui on February 5 consists of the following four items: 1) Nissui provides overall leading business support to Daisui; 2) Nissui dispatches the main management team to Daisui; 3) Daisui institutes and thoroughly practices detailed improvement measures for corporate governance and compliance, with the help of Nissui; and 4) Nissui furnishes financial support by upgrading a stockholding ratio of the stock possessed by Nissui.

Daisui posted net profit losses of \478 million in 2007 and \1.514 billion in 2008. For this third quarter, the company announced another net profit deficit of \440 million. In addition, as a result of misconduct by a former department director, which was detected last October, the company was appointed as a trade control brand by the Osaka Securities Exchange. Under these adverse circumstances, the company was facing impossibility of refinance of a short-term loan from the financial institutions.

The original article was published on February 23, 2009 and was translated by Kiyo Hayasaka.

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