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Japanese seafood firms’ results show higher costs on weak yen
date:May 26, 2014
ny sold off subsidiary Sealords unprofitable Argentinean fishing business, as well as two frozen food manufacturing companies, in Germany and China, leading to lower revenue but higher income.

The low yen made the companys foreign earnings look better in yen terms, but increased the cost of imported materials, especially in frozen prepared foods for domestic sale.

In Japanese aquaculture, prices recovered and sales volumes increased for yellowtail, while volume increased but prices fell for bl

12/25 18:01