Okamura Food Industry

Basic Information

Stock Code
2938
Industry
Food Products
Category Detail
Food Manufacturing
Prefecture
Aomori Prefecture
Establishment Year
August 1971
Listing Year
September 2023
Official Website
https://www.okamurashokuhin.co.jp/
TSE Information
TSE Information
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Overview

Okamura Food Industry is a seafood prepared food processing manufacturer based in Aomori Prefecture, founded in 1971, with strengths in large-scale salmon farming operations and exports to Southeast Asia.

Current Situation

Okamura Food Industry achieved consolidated sales of 32.6 billion yen and operating profit of 2.5 billion yen in the fiscal year ending June 2024, positioning it as an emerging leader in the growing seafood prepared food processing industry. The company focuses primarily on the manufacturing and sales of aquatic processed foods, differentiating itself through large-scale farming of salmon for raw consumption. It is actively expanding overseas sales channels, particularly in Southeast Asia, to build a global sales foundation. The company is focusing on improving production technologies and product development to strengthen its competitiveness in the industry. It is also engaged in sustainable use of fishery resources, environmental burden reduction measures, and social contribution activities in collaboration with the local economy. Following its listing on the Tokyo Stock Exchange Standard Market in September 2023, the company has improved its fundraising capabilities and is advancing new business expansions and capital investments. Product development tailored to customer needs and diversification of distribution channels form the pillars of its strategy, establishing a foundation for medium- to long-term growth. Moving forward, it aims to expand its business through management that balances technological innovation and sustainability.

Trivia

Interesting Facts

  • Operates one of Japan's largest raw edible salmon farms in Fukaurazaki Town, Aomori Prefecture.
  • High recognition as a regional brand for fish roe processed foods.
  • Relatively new company listed on the TSE Standard Market in September 2023.
  • Food manufacturer strong in exports to Southeast Asia.
  • Founded in 1971 with over 50 years of history.
  • Large-scale farming business contributes to local industry revitalization.
  • Features a balance of locally rooted management and global expansion.
  • Succeeded in preserving fish roe freshness with latest freezing technology.
  • Participated in local fisheries recovery support after the Great East Japan Earthquake.
  • Actively contributes to local fish consumption promotion activities.
  • High industry evaluation for high value-added fish roe processing technology.
  • Product development leveraging Aomori's abundant aquatic resources.
  • Researches and develops special fish roe processing technologies.
  • Well-received product deployment under proprietary brands.
  • One of the few companies integrating raw edible salmon farming and food manufacturing.

Hidden Connections

  • Deep partnership with local retailers through strengthened exports to Southeast Asian markets.
  • Collaborates with regional research institutions on aquaculture technology development to introduce latest technologies.
  • Advances sustainable fishery resource protection projects in collaboration with Aomori Prefecture.
  • Jointly develops local brand fish roe products in cooperation with local fisheries associations.
  • Exploring business partnerships while competing in the market with major aquatic companies.
  • Implements fish cuisine education programs in collaboration with local high schools.
  • Closely collaborates with specific companies in supplying fish-based raw materials to pharmaceutical companies.
  • Deploys factory environmental burden reduction activities in collaboration with environmental protection groups.

Future Outlook

Growth Drivers

  • Expansion of domestic and international demand for raw edible salmon
  • Increasing demand for fish roe due to health consciousness
  • Population growth and income improvement in Southeast Asian markets
  • Distribution expansion through improved freezing and preservation technologies
  • Consumer support for sustainability-compliant products
  • Diversification of online sales channels
  • New product development through processing technology innovations
  • Promotion of branding for local aquatic resources
  • Growth in commercial markets and increasing demand for high-quality products
  • Cost efficiency improvement through energy-saving and environmentally considerate management
  • Further expansion of overseas sales channels and local production reinforcement
  • Utilization of government aquatic support policies and subsidies

Strategic Goals

  • Expand overseas sales ratio to over 50%
  • Lead the standardization of sustainable farming technologies in the industry
  • Enter top 3 domestic market share for fish roe processed foods
  • Fully introduce factory equipment that reduces environmental burden
  • Acquire 20 or more new B2B customers annually
  • Expand EC channel sales to 30% of total
  • Promote employee environmental awareness and technical skills improvement
  • Maintain over 10% annual revenue growth through new product development
  • Create sustainable local economic models through collaboration with local communities
  • Achieve 100% food safety certifications to ensure high safety

Business Segments

Commercial Aquatic Processed Products Supply

Overview
Stable supply of various high-quality aquatic processed products to the food service and food processing industries.
Competitiveness
Stable quality supply through large-scale farming and freshness management technology
Customers
  • Food Service Chains
  • School Lunch Companies
  • Hotels and Inns
  • Hospitals and Nursing Homes
  • Food Processing Manufacturers
  • Supermarket Operators
  • Commercial Wholesalers
  • Bento Factories
  • Restaurants
  • Seafood Delivery Services
Products
  • Fish Roe Processing Raw Materials
  • Frozen Seafood
  • Raw Edible Salmon
  • Commercial Fish Paste Products
  • Aquatic Delicacies
  • Pre-Processed Fish Prepared Foods
  • Fresh Fish Materials
  • Freshness-Preserving Packaged Products
  • Seafood Paste Products
  • Frozen Sushi Toppings

Raw Fish Meal and Fish Oil Supply

Overview
Supply of high-quality fish meal, fish oil, and related materials to various industries.
Competitiveness
Advanced processing technology and traceability assurance.
Customers
  • Feed Manufacturers
  • Chemical Industry
  • Pharmaceutical Companies
  • Agricultural Material Manufacturers
  • Cosmetics Manufacturers
  • Seafood Processors
  • Fertilizer Manufacturers
  • Aquaculture Operators
  • Animal Husbandry Facilities
  • Health Food Manufacturers
Products
  • Fish Meal
  • Fish Oil
  • Fish Protein Raw Materials
  • Pharmaceutical Fish Meal
  • High-Function Fish Meal
  • Environmentally Friendly Fish Oil
  • Cosmetics Fish Oil Raw Materials
  • Feed Fish Protein
  • Functional Materials
  • Fermented Fish Meal

Aquaculture Business Support

Overview
Comprehensive support for technology, materials, and equipment for aquaculture operators.
Competitiveness
Proposal capabilities leveraging in-house large-scale aquaculture know-how.
Customers
  • Aquaculture Operators
  • Aquatic Research Institutions
  • Local Governments
  • Environmental Protection Groups
  • Food Research Institutions
  • Technology Development Companies
  • Aquaculture Material Manufacturers
Products
  • Aquaculture Technology Consulting
  • High-Efficiency Feeding Systems
  • Aquaculture Materials
  • Production Management Systems
  • Environmental Monitoring Equipment

Overseas Aquatic Sales Channel Provision

Overview
Provides a variety of aquatic products to overseas markets such as Southeast Asia.
Competitiveness
Local needs understanding and sales capabilities through overseas bases.
Customers
  • Overseas Importers
  • Food Wholesalers
  • Specialty Food Stores
  • Export-Related Companies
  • Overseas Food Service Expansion Divisions
  • Mail Order Operators
  • Southeast Asia Retailers
Products
  • Frozen Seafood
  • Raw Edible Salmon
  • Fish Roe Processed Products
  • Aquatic Prepared Foods
  • Pre-Processed Fish Materials

Commercial Frozen Products Supply

Overview
Timely supply of frozen processed products for commercial use.
Competitiveness
High freezing technology for product quality preservation.
Customers
  • Major Frozen Food Manufacturers
  • Supermarket Industry
  • Convenience Stores
  • Restaurant Industry
  • Food Delivery Services
  • School Lunch Industry
Products
  • Frozen Tarako
  • Frozen Ikura
  • Frozen Kazunoko
  • Frozen Fish Paste Products
  • Frozen Sashimi Fish

Food Wholesaling (Seafood)

Overview
Handles wholesaling of fishery products and processed goods centered on local Aomori.
Competitiveness
Locally integrated distribution network.
Customers
  • Local Supermarkets
  • Specialty Food Stores
  • Restaurants
  • Local Markets
  • Food Service Chains
  • Food Retailers
Products
  • Seafood Wholesaling
  • Pre-Processed Fish Foods
  • Fish Roe Processed Products Wholesaling
  • Frozen Aquatic Products Wholesaling

Health Food Raw Material Supply

Overview
Provides high-function aquatic raw materials for health-oriented food markets.
Competitiveness
High-purity production technology and stable supply.
Customers
  • Health Food Manufacturers
  • Functional Food Developers
  • Supplement Manufacturers
  • Pharmaceutical Companies
Products
  • EPA/DHA Raw Materials
  • Fish-Derived Functional Materials
  • Supplement Raw Materials

Material Supply for Environmental and Recycling Businesses

Overview
Develops material supply business utilizing environmental technologies.
Competitiveness
High value-added products using by-products.
Customers
  • Environmental Material Manufacturers
  • Biomass Research Companies
  • Recycling Companies
Products
  • Fish-Derived Biomass Materials
  • Environmentally Friendly Fish Meal

OEM and Contract Manufacturing Services

Overview
Diverse contract manufacturing services tailored to customer needs.
Competitiveness
Advanced processing technology and flexible responsiveness.
Customers
  • Food Manufacturers
  • Retailers
  • New Entrants
  • Local Specialty Developers
Products
  • Fish Roe Processing OEM
  • Seafood Prepared Foods Contract Manufacturing
  • Frozen Processing OEM

Logistics and Distribution Services

Overview
Provides rapid delivery of aquatic products through specialized logistics networks.
Competitiveness
Nationwide delivery from local areas and freshness maintenance technology.
Customers
  • Distribution Operators
  • Retail Stores
  • Online Shops
Products
  • Refrigerated Logistics
  • Freshness-Managed Delivery
  • Product Storage Services

Technology Development and Research Business

Overview
Promotes research and development in aquatic processing and aquaculture technologies.
Competitiveness
Development capabilities based on field aquaculture and manufacturing experience.
Customers
  • Industry Joint Research Institutions
  • Universities
  • Local Industrial Parks
  • Corporate Collaboration Projects
Products
  • Aquaculture Technology Development
  • Quality Preservation Technology
  • New Product Development

Competitive Advantage

Strengths

  • Large-scale raw edible salmon farming capacity
  • Strong sales channels in Southeast Asia
  • Regional brand power in fish roe processed foods
  • Stable fundraising capabilities and capital structure
  • High aquatic processing technology and quality control systems
  • Locally rooted customer base and trust
  • Diverse product lineup and processing expertise
  • Sustainable farming and environmentally considerate management
  • Production capacity enhancement through active capital investment
  • Experienced management team and technical staff
  • Solid financial base and sales growth potential
  • Latest freezing technology for quality preservation
  • Cooperative ties with local government and industries
  • Diversified sales channel deployment
  • Integrated supply chain management

Competitive Advantages

  • Stable raw material securing through in-house farming
  • Sales strategy specialized for Southeast Asian markets
  • Manufacturing power for high value-added fish roe processed foods
  • Cost competitiveness through large-scale production facilities
  • Balance of local closeness and global expansion
  • Freshness and quality maintenance possible with latest technologies
  • Reliability and transparency as a listed company
  • Development and adoption of proprietary freezing and preservation technologies
  • Business strengthening through multifaceted partnerships
  • Implementation of high product safety management standards
  • Commercial reinforcement through stable supply systems
  • Effective branding and marketing
  • Establishment of integrated farming and processing systems
  • Enhanced brand value through collaboration with local communities
  • Improved customer satisfaction through advanced quality control

Threats

  • Intensifying price competition with imported seafood
  • Risks from declining fishery resources and stricter regulations
  • Profit deterioration due to exchange rate fluctuations
  • Production instability from abnormal weather and climate change
  • Increased market competition from new entrants
  • Political and economic risks in overseas markets
  • Decline in credibility from food safety and hygiene issues
  • Risks of rising raw material prices and supply shortages
  • Rising logistics costs
  • Delayed response to rapid changes in consumer preferences
  • Business constraints from regulatory tightening
  • Increasing social criticism of environmental burdens

Innovations

2023: Large-Scale Raw Edible Salmon Farming Launch

Overview
Launched large-scale raw edible salmon farming operations in Fukaurazaki Town, Aomori Prefecture.
Impact
Succeeded in enhancing production capacity and improving quality.

2024: Introduction of High-Freshness Freezing Technology

Overview
Introduced the latest flash-freezing technology, enabling significant preservation of freshness in fish roe products.
Impact
Achieved stabilization of export quality and sales expansion.

2022: Strengthening Export Sales Network to Southeast Asia

Overview
Expanded sales channels in the Southeast Asian market utilizing local bases.
Impact
Contributed to increasing the overseas sales ratio.

2023: Advancement of Fish Roe Processing Automation

Overview
Advanced automation of processing lines, achieving production efficiency and quality uniformity.
Impact
Contributed to cost reduction and product quality improvement.

2024: Development of Low-Environmental Impact Farming Technology

Overview
Successfully developed environmentally considerate farming systems, promoting sustainable aquaculture.
Impact
Obtained environmental certifications and improved corporate image.

2021: New Fish Roe Processed Product Lineup

Overview
Developed a diverse range of new fish roe processed products tailored to consumer needs.
Impact
Expanded market share and acquired new customers.

2022: Introduction of Traceability Enhancement System

Overview
Introduced an IT system capable of tracking products from raw materials to manufacturing processes.
Impact
Strengthened quality control and improved food safety.

2023: Environmental Adaptation of Product Packaging

Overview
Switched to environmentally friendly packaging aimed at reducing plastic use.
Impact
Reduced environmental burden and increased customer support.

2024: Introduction of Energy-Saving Production Equipment

Overview
Updated factory equipment to achieve energy savings.
Impact
Succeeded in cost reduction and environmental burden mitigation.

2020: Expansion of Online Sales System

Overview
Strengthened mail-order channels in collaboration with in-house EC site.
Impact
Promoted increased direct sales to individual consumers.

Sustainability

  • Development and introduction of environmentally considerate farming technologies
  • Review of packaging materials to reduce plastics
  • Focus on utilizing sustainable fishery resources
  • Promotion of energy-saving and resource-saving activities at factories
  • Participation in environmental conservation activities in collaboration with local communities
  • Deployment of food loss reduction programs
  • Adoption of high-efficiency recycling systems
  • Acquisition of environmental certifications and continuous improvement
  • Promotion of environmental awareness through employee education
  • Setting and progress management of CO2 emission reduction targets
  • Strengthening water quality preservation and waste management
  • Implementation of sustainable procurement policies