Revenue and income increased in the marine products business; meanwhile, revenue increased, but income decreased in the food products business and fine chemicals business.
Sales in Japan and overseas in the 1st Quarter were stronger than expected. At this point, the market is healthy, but there is always a tide. We believe purchasing and inventory management is essential to prevent high unit cost inventory.
We restrained shipping of yellowtail to increase their weight in the 1st Quarter. We think it will contribute to the performance after the 2nd Quarter. We believe domestic aquaculture will go as planned as the landing result of coho salmon was firm.
Although there was a time lag for the price increase, negotiations are still going. We assume we need to raise the price if the raw material price continues to rise.
The sales volume didn't decrease after raising the price in the 1st Quarter. It seems like the consumers understood the situation. However, we need to watch how it will be after raising the price in August.
We'll consider how to deal with the slowing down the sales in the U.S. To ship to Europe as soon as possible, we're working to strengthen quality assurance and apply for registration. We cannot state sales to generics at this moment.
