QUICK Corp.

Equity Bottom-Up

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COVID-19 impact continued, revised downward to full-year OP 34% reduction plan
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Demand was sluggish and the market for Marine Products deteriorated. OP fell 37% in 1H The consolidated results for 1H of FY3/21 were sales of JPY320.8bn (-7% YoY) and OP of JPY7bn (-37% YoY). Sales of household Food Products were firm both in Japan and overseas. However, sales of Marine Products and commercial Food Products for restaurants and hotels decreased due to the sharp decline in demand for eating out and…</li>
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Notes: This is translated from our Japanese report issued on 20 Aug 2020.
OP decreased by 25% in 1Q due to sluggish demand for restaurants and hotels
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Fisheries market conditions deteriorate due to reduced demand The consolidated financial results for 1Q of FY3/21 were sales of JPY162.3bn (-7% YoY) and OP of JPY4.3bn (-25% YoY). Although sales of household foods were firm both in Japan and overseas, sales of marine products and commercial foods for restaurants and hotels decreased due to a sharp…
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Japan

NIPPON SUISAN KAISHA, Ltd. fishes and purchases seafood, and produces seafood products including fresh, frozen, and canned fish.  The Company also produces fish oil and fish meal, and operates cold storage business.

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