Table of Contents Executive Summary 2 Market value 2 Market value forecast 2 Market volume 2 Market volume forecast 2 Category segmentation 2 Geography segmentation 2 Market rivalry 2 Market Overview 7 Market definition 7 Market analysis 7 Market Data 9 Market value 9 Market volume 10 Market Segmentation 11 Category segmentation 11 Geography segmentation 12 Market Outlook 13 Market value forecast 13 Market volume forecast 14 Five Forces Analysis 15 Summary 15 Buyer power 17 Supplier power 19 New entrants 21 Threat of substitutes 23 Degree of rivalry 24 Leading Companies 25 Cermaq Group AS 25 Maruha Nichiro Corporation 26 Nippon Suisan Kaisha, Ltd. 29 Macroeconomic Indicators 33 Country data 33 Methodology 35 Industry associations 36 Related MarketLine research 36 Appendix 37 About MarketLine 37

List of Tables Table 1: Japan aquaculture industry value: $ million, 2013-17(e) Table 2: Japan aquaculture industry volume: thousand tonnes, 2013-17(e) Table 3: Japan aquaculture industry category segmentation: $ million, 2017(e) Table 4: Japan aquaculture industry geography segmentation: $ million, 2017(e) Table 5: Japan aquaculture industry value forecast: $ million, 2017-22 Table 6: Japan aquaculture industry volume forecast: thousand tonnes, 2017-22 Table 7: Cermaq Group AS: key facts Table 8: Maruha Nichiro Corporation: key facts Table 9: Maruha Nichiro Corporation: key financials ($) Table 10: Maruha Nichiro Corporation: key financials (¥) Table 11: Maruha Nichiro Corporation: key financial ratios Table 12: Nippon Suisan Kaisha, Ltd.: key facts Table 13: Nippon Suisan Kaisha, Ltd.: key financials ($) Table 14: Nippon Suisan Kaisha, Ltd.: key financials (¥) Table 15: Nippon Suisan Kaisha, Ltd.: key financial ratios Table 16: Japan size of population (million), 2013-17 Table 17: Japan gdp (constant 2005 prices, $ billion), 2013-17 Table 18: Japan gdp (current prices, $ billion), 2013-17 Table 19: Japan inflation, 2013-17 Table 20: Japan consumer price index (absolute), 2013-17 Table 21: Japan exchange rate, 2013-17 List of Figures Figure 1: Japan aquaculture industry value: $ million, 2013-17(e) Figure 2: Japan aquaculture industry volume: thousand tonnes, 2013-17(e) Figure 3: Japan aquaculture industry category segmentation: % share, by value, 2017(e) Figure 4: Japan aquaculture industry geography segmentation: % share, by value, 2017(e) Figure 5: Japan aquaculture industry value forecast: $ million, 2017-22 Figure 6: Japan aquaculture industry volume forecast: thousand tonnes, 2017-22 Figure 7: Forces driving competition in the aquaculture industry in Japan, 2017 Figure 8: Drivers of buyer power in the aquaculture industry in Japan, 2017 Figure 9: Drivers of supplier power in the aquaculture industry in Japan, 2017 Figure 10: Factors influencing the likelihood of new entrants in the aquaculture industry in Japan, 2017 Figure 11: Factors influencing the threat of substitutes in the aquaculture industry in Japan, 2017 Figure 12: Drivers of degree of rivalry in the aquaculture industry in Japan, 2017 Figure 13: Maruha Nichiro Corporation: revenues & profitability Figure 14: Maruha Nichiro Corporation: assets & liabilities Figure 15: Nippon Suisan Kaisha, Ltd.: revenues & profitability Figure 16: Nippon Suisan Kaisha, Ltd.: assets & liabilities

Cermaq Group AS Maruha Nichiro Corporation Nippon Suisan Kaisha, Ltd.