NITTO SEIMO CO., LTD.
3524・Standard Market・Textiles & Apparels
Fishery-Related Business
Nitto Seimo's core segment. A vertically integrated business spanning fishing net manufacturing and sales, fishery product procurement and sales, and set-net fishery operations.
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment Net Sales | ¥17,786 million | ¥17,447 million | ↑ |
| Segment Profit | ¥312 million | ¥384 million | ↓ |
| Segment Assets | ¥26,862 million | ¥25,541 million | ↑ |
| Depreciation | ¥996 million | ¥882 million | ↑ |
| Increase in Property, Plant and Equipment and Intangible Assets | ¥1,428 million | ¥736 million | ↑ |
Business Details
This segment centers on the manufacture and sale of knotless nets, knotted nets, twisted nets, gill nets, fiber ropes, aquaculture wire nets, and anti-fouling agents for the fishing industry, and also handles the sale of purchased goods such as fishing vessels and labor-saving fishery equipment, as well as fishing ground management guidance services including set-net fishery operations. The segment mainly serves domestic fishery operators but also engages in exports to Asia (Purse Seine Net division). Accounting for approximately 80% of the Group's consolidated net sales, this core segment is composed of the Purse Seine Net, Aquaculture Net, Set-Net, and Fishery divisions.
Recent Overview
Net sales rose 1.9% year on year to ¥17,786 million, but a sluggish Set-Net division and higher costs pushed segment profit down 18.7% to ¥312 million.
In the Fishery-Related Business for FY2026 (ending April 2026), net sales reached ¥17,786 million (up 1.9% year on year), driven by steady performance in the Purse Seine Net division including exports to Asia, along with strong handling volume in the Fishery division and strong landing volumes at fishery subsidiaries. On the profit side, however, segment profit was limited to ¥312 million (down 18.7% year on year), due to sluggishness in the core Set-Net division, an inability to level production, and rising labor costs. Capital expenditure increased substantially from ¥736 million in the prior period to ¥1,428 million, suggesting an expansion of production capacity is expected from the next period onward.
Key Products
Growth Drivers
- Sustained fishery operators' capital investment appetite amid a continued recovery trend in fish prices (brisk activity in the Purse Seine Net and Aquaculture Net divisions)
- Steady performance in exports to Asia (Purse Seine Net division)
- Strong landing volumes at fishery subsidiaries (set-net fishery operations)
- Expanding demand for fishery products amid revitalization of the food service industry and robust export demand
- Promotion of price pass-through (ongoing price revisions) and shortened lead times for products
- Capture of capital expenditure projects utilizing various policy and institutional funding programs, and realization of overseas projects
Risks
- Risk of continued sluggishness in the Set-Net division (a major factor in the decline in segment profit again this period)
- Difficulty in leveling production due to delays in order finalization, and rising manufacturing costs
- Profit pressure from rising raw material and labor costs, among other costs (interest expense also increased year on year)
- Instability in catch volumes due to marine environment and climate change (declining catch volumes for some fish species)
- Long-term structural contraction in demand due to the declining and aging fishery workforce
- Foreign exchange risk (impact on overseas subsidiaries and export transactions)
- Rising raw material costs due to surging crude oil prices and difficulty procuring naphtha amid heightened tensions in the Middle East
Last updated: July 23, 2025