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Announced

Completed

J-STAR completed the acquisition of DAINICHI.

Synopsis

J-STAR, a provider of investment management services, completed the acquisition of DAINICHI, Japan's fish farming company. Financial terms were not disclosed. "Given the heightened environmental awareness including the promotion of the SDGs, demand for farmed fish is increasing worldwide. In response to such a trend, it is expected that the exports of fish farmed in Japan will increase and that the major mass retailers and the restaurant industry will shift from natural fish to farmed fish. We believe that the role of DAINICHI will grow further in the aquaculture industry," Gregory Hara, J-STAR President & Representative Director.

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