Higashimaru Corporation has sold its bluefin tuna aquaculture subsidiary, Yanbaru Ryukyu Suisan, to Asahi Bussan for 3,000 yen, amidst declining demand and profitability concerns.

Target Information

Higashimaru Corporation (Ticker: 2058) has decided to divest its wholly-owned subsidiary, Yanbaru Ryukyu Suisan, which is engaged in the farming of bluefin tuna. This decision arises from the declining demand for farmed bluefin tuna, attributed to the recovery of natural tuna resources, resulting in a significant decline in profitability. As per the financial report for the fiscal year ending March 2025, Yanbaru Ryukyu Suisan reported revenues of 207 million yen, an operating loss of 255 million yen, and a net asset deficit of 1 billion 40 million yen.

The transaction involves the sale of 100% of Yanbaru Ryukyu Suisan's shares to Asahi Bussan, a company based in Tokushima that specializes in the farming of yellowtail. The sale price for the transaction is set at 3,000 yen, with the transfer date planned for November 30, 2025.

Industry Overview in Japan

The aquaculture industry in Japan has faced numerous challenges and transformations over the past decade. With increasing awareness of sustainability and overfishing, the emphasis has shifted towa