Blue Nature Bond
As the second phase toward achieving its long-term vision, the Group launched its medium-term management plan, "GOOD FOODS Recipe2" (fiscal years 2025 to 2027), in April 2025. With "enhancement of value chain resilience" as its core theme, the Group is implementing three basic strategies based on its material issues: strengthening the business portfolio, deepening sustainability management, and strengthening governance.
Under the strategy of "deepening sustainability management," the Group is enhancing the integration of sustainability and business strategy and, in collaboration with its stakeholders, is addressing material issues through its business activities with the aim of solving social challenges and increasing corporate value. In its aquaculture business, the Group is working to achieve full-life cycle aquaculture that does not rely on wild seeds (juveniles), as well as implementing selective breeding, introducing floating and submersible cages, monitoring farming environments, and utilizing automated feeding systems. Through these initiatives, the Group seeks to reduce risks from natural disasters and environmental impacts, realize stable aquaculture that is friendly to both people and the planet, and contribute to the conservation and restoration of marine biodiversity through the sustainable use of marine resources.
In light of these initiatives, in order to further promote the Group's sustainability management from a financing perspective and to enhance recognition among a wide range of stakeholders, the proceeds to be raised through the Issuance are planned to be allocated to expenditures related to sustainable aquaculture operations that are fully closed-cycle and have obtained biodiversity- and ecosystem-related certifications, including ASC and MEL. Through the conservation of biodiversity in fisheries resources and the promotion of their sustainable use, the Group will continue to contribute to the realization of a sustainable society.
Blue Nature Bond
| Name of Bond | Nissui Corporation 1st Series of Unsecured Straight Bonds (with Inter-Bond Pari Passu Clause) (Blue Nature Bond) |
|---|---|
| Maturity | Five years |
| Issue Amount | 10.0 billion yen |
| Interest Rate | 1.908% |
| Pricing Date | 27-Feb-26 |
| Payment Date | 5-Mar-26 |
| Maturity Date | 5-Mar-31 |
| Lead Managers | SMBC Nikko Securities Inc. and Mizuho Securities Co., Ltd. |
| Structuring Agent | SMBC Nikko Securities Inc. |
| Third-party evaluation of the Blue Nature Finance Framework | In establishing the "Blue Nature Finance Framework", the Company has obtained a second opinion from R&I regarding its alignment with the relevant principles and guidelines. |
| Use of Fund | Refinancing of existing expenditures related to the Kurose Buri aquaculture business and the FIVE STAR (Salmon) aquaculture business through loans and investments to the Company's consolidated subsidiaries. |
Establishment of the Blue Nature Finance Framework and Obtaining of a Second Opinion
In connection with the Issuance, the Company has established a Blue Nature Finance Framework (Note 6) that is aligned with the Green Bond Principles 2025 and Sustainable Bonds for Nature: A Practitioner's Guide by the International Capital Market Association (ICMA); A Practitioner's Guide for Bonds to Finance the Sustainable Blue Economy by ICMA and other organizations; the Green Loan Principles 2025 by the Loan Market Association (LMA), the Asia Pacific Loan Market Association (APLMA), and the Loan Syndications and Trading Association (LSTA); as well as the Green Bond Guidelines (2024 Edition) and the Green Loan Guidelines (2024 Edition) by Japan's Ministry of the Environment. The Company has also obtained a second opinion (Note 7) from Rating and Investment Information, Inc. (R&I) regarding the alignment of the Framework with these principles and guidelines.