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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Sojitz Corporation    2768   JP3663900003

SOJITZ CORPORATION

(2768)
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End-of-day quote. End-of-day quote Tokyo Stock Exchange - 08/12
241 JPY   +1.69%
07/03SOJITZ : Sushi meets AI - Japanese inventor's app scopes out choice tuna cuts
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06/18SOJITZ CORPORATION : Proxy Statments
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05/13SOJITZ CORPORATION : Mixed general shareholder meeting
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Sojitz : Sushi meets AI - Japanese inventor's app scopes out choice tuna cuts

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07/03/2020 | 05:42am EDT
Kazuhiro Shimura, a director at Dentsu Group's Future Creative Center, demonstrates the 'Tuna Scope' in Miura, Japan

By Tim Kelly

If you've ever bought supermarket sushi, you may know the taste trauma that hit Kazuhiro Shimura one night. But "disappointing" tuna sparked an idea: he'd develop an artificial intelligence (AI) system to make sure your sashimi is always delicious.

Shimura, a director at advertising firm Dentsu Group's Future Creative Center, came up with the concept for "Tuna Scope" AI as he chewed his raw dish while watching a television show on fish merchants who spend a decade mastering the skill of selecting high-quality tuna for sushi restaurants.

Using a deep learning algorithm to crunch through grading data from merchants, Tuna Scope has now evolved into a smartphone app. Clients can download and use it anywhere, creating "a unified grading standard" for an industry that relies on local know-how, said Shimura, who is working with Japanese trading company Sojitz Corp to promote his technology.

"That means people can be sure they are getting delicious tuna," Shimura told Reuters at fish merchant Misaki Megumi Suisan, which ships AI-certified tuna overseas.

The highest quality fish - which can each weigh around 300 kilogrammes - have sold for more than $3 million (2.41 million pounds) in past tuna auctions. According to the Organization for the Promotion of Responsible Tuna Fisheries, around 2 million tons of tuna is consumed around the world annually, of which Japan accounts for a quarter.

Since the start of coronavirus pandemic fish merchants from the Maldives, Spain, the United States, Taiwan and elsewhere have contacted Shimura about Tuna Scope because travel curbs mean they can't visit suppliers to check tuna quality, he said.

At Misaki Megumi near Tokyo, one of the merchant's buyers Shingo Ishii held a smartphone with Tuna Scope over a tray of tuna tail sections on a metal tray as other workers used industrial saws to cut up frozen tuna shipped from around the world. The AI delivered a result within a few seconds.

"I think this will become a common tool over the next 10 to 20 years," said Ishii, holding the smartphone over one of the tail sections.

Ishii admitted to mixed feelings about a technology that could make his job easier, but threatened to make a skill passed down through generations obsolete.

"To be frank, I think I can still beat the AI," he said.

(Reporting by Tim Kelly; Editing by Kenneth Maxwell)

Stocks mentioned in the article
ChangeLast1st jan.
DENTSU GROUP INC. 0.62% 2751 End-of-day quote.-27.13%
SOJITZ CORPORATION 1.69% 241 End-of-day quote.-31.53%
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Latest news on SOJITZ CORPORATION
07/03SOJITZ : Sushi meets AI - Japanese inventor's app scopes out choice tuna cuts
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Financials
Sales 2021 1 562 B 14 647 M 14 647 M
Net income 2021 36 750 M 345 M 345 M
Net Debt 2021 660 B 6 186 M 6 186 M
P/E ratio 2021 7,83x
Yield 2021 4,15%
Capitalization 289 B 2 702 M 2 709 M
EV / Sales 2021 0,61x
EV / Sales 2022 0,56x
Nbr of Employees 18 839
Free-Float 92,8%
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Technical analysis trends SOJITZ CORPORATION
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 5
Average target price 260,00 JPY
Last Close Price 241,00 JPY
Spread / Highest target 20,3%
Spread / Average Target 7,88%
Spread / Lowest Target -0,41%
EPS Revisions
Managers
NameTitle
Masayoshi Fujimoto President, CEO & Representative Director
Takashi Hara Chairman
Seiichi Tanaka CFO, Representative Director, Head-IR & Accounting
Masaaki Kushibiki GM-Personnel & Information Technology Operations
Shigeru Nishihara Director & Senior Managing Executive Officer
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