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Hokkaido Surimi Production Up To August Marks 86% Over Last Year

September 28, 2010

The National Surimi Manufactures Association released a summary of August onshore surimi production of seven companies in Hokkaido. The combined total of surimi yield for August in Hokkaido ran up to 682 tons, as opposed to 720 tons in the same month a year ago. In addition, the cumulative amount of the January-August period was 14,138 tons (16,132 tons last year), marking 86 percent over the previous year. Moreover, the total landings of pollack from January to July came to 76,070 tons; hokke (arabesque greenling) registered a slight decline to 31,856 tons.

The output from January through August by region goes as follows: Wakkanai 149 tons (256 tons during the corresponding period last year); Monbetsu 5,045 tons (4,330 tons); Abashiri 739 tons (449 tons); and Kushiro 8,206 tons (11,097 tons).

The original article was published on September 28, 2010 and was translated by Kiyo Hayasaka.

Kyokuyo's Subsidiary STI Receives Business of Shin Tokyo Int'l Inc

September 28, 2010

Kyokuyo's consolidated subsidiary STI (Minami Aoyama, Tokyo; President Shigenori Jinho), as of September 27, accepted a transfer of business of Shin Tokyo International Inc (Minami Aoyama, Tokyo; President Yutaka Jyumi), which was under court-guided rehabilitation.

Harnessing the know-how of leading convenience store-related product development, production, and marketing achieved by Shin Tokyo International, which can be amalgamated with Kyokuyo's long-cultivated procuring power and processing skills, Kyokuyo aims to extract synergy effects from this deal.

\600M Invested for Entire Business Operations, Including Subsidiaries

The transaction includes Shin Tokyo International's foods and deli production and distribution, as well as fresh aquatic products trading and destitution. The deal is also made up of all shares held by Shin Tokyo International and all existing operations of the company's subsidiaries, Shin Tokyo Foods, Shin Tokyo Enak, STI America, and STI Chile. The total amount invested in the sale was \600 million.

STI was launched on September 27, 2010. Its capital of \10 million was all contributed by Kyokuyo. The company's chief operations comprise foods and deli manufacturing and distribution and fresh marine product trading and distribution. Projected annual sales are \9 billion.

The original article was published on September 28, 2010 and was translated by Kiyo Hayasaka.

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