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Hanwa’s seafood profits down 21% on higher costs, but US subsidiary breaks even

The Japanese owner of US firm Seattle Shrimp & Seafood reported consolidated net sales for food of $158m in its most recently completed quarter, while the subsidiary's profit swung to break-even from an earlier loss

By Masahiko Takeuchi | Aug. 9, 2024 14:43 BST
Hanwa company office in Tokyo. Credit: Masahiko Takeuchi / Undercurrent News
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Hanwa Co. posted consolidated net sales of JPY 29.3 billion ($158 million) for its seafood business during the three months ended June 30, 2024, a slight growth of 4% year-on-year, the Japanese trading company reported on Thursday (August 8). [...]

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