Maruha Nichiro acquires remaining shares of Seafood Connection

Maruha Nichiro Corporation’s Board of Directors resolved on December 3, 2025, to acquire an additional 18.04% of SCH shares, making it a wholly owned subsidiary. Currently holding 81.96% of SCH's outstanding shares, this acquisition brings Maruha Nichiro's ownership to 100%. The acquisition is scheduled for December 29, 2025.

SCH, a holding company primarily engaged in frozen marine product sales, recorded net sales of 130,968 million yen for the fiscal year ending December 2024, with ordinary income of 4,554 million yen.

This move strengthens the Group's management structure and accelerates profit expansion, aligning with Maruha Nichiro’s "Glocal Strategy" for global business growth. The company aims to leverage SCH's success in the European market, fostering collaboration across its overseas bases. Furthermore, Jan Kaptijn, chief executive of SCH, was appointed as an executive officer of Maruha Nichiro effective April 1, 2025, underscoring the strategic importance of this integration. The acquisition price remains undisclosed by agreement.