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A Company that Processes and Sells High-Quality Natural Sea Cucumbers From Hokkaido Is Set to File for Bankruptcy. Despite Increasing Exports to China, Its Performance Deteriorated Due to China's Complete Ban on Imports of Japanese Seafood in August 2023. (Sapporo, Hokkaido)
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Kaiou Bussan, a Sapporo-based company that processes and sells natural sea cucumbers from Hokkaido, has ceased operations and filed for bankruptcy with the Sapporo District Court. According to Teikoku Databank, a private credit research company, its debt amounts to approximately 1.532 billion yen. Kaiou Bussan was established in June 2007. It processed natural salted and dried sea cucumbers from Hokkaido at its own factory and exported them main…
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