logo
Central Fish has thrived for 75 years in Fresno's Chinatown. What's next?

Central Fish has thrived for 75 years in Fresno's Chinatown. What's next?

Yahoo04-05-2025

Uniquely is a Fresno Bee series that covers the moments, landmarks and personalities that define what makes living in the Fresno area so special.
The anchor of Fresno's Chinatown, Central Fish Co. has thrived for 75 years by building a loyal customer base and selling products sold nowhere else in the region.
Owner Morgan Doizaki has run the family-owned store — which is also a fish wholesaler and restaurant — since he took over the 1535 Kern St. mainstay in 2003.
He grew up in Los Angeles but would work at Central Fish during the summers off from school. He was still in college studying business when he convinced his family to let him take over Central Fish, and transferred to Fresno Pacific University.
But the shop goes back to 1950, when Doizaki's great-uncle, Akira Yokomi, opened a store around the corner on Kern and F streets. Doizaki said his uncle, who was born in Fowler and known by the nickname 'Okie,' wanted to cater to shoppers who were not already shopping at other Japanese markets in the area.
'It's a very unique place that brings a lot of people here of all types, you know, from a homeless person to a millionaire, from a judge to a student,' he said. 'And it's a destination spot too.'
The 44-year-old said he still meets shoppers who are older than him who reminisce about Yokomi giving them candy when they were little.
Doizaki said Central Fish offers less commonly found meats, continuing his great-uncle's legacy of finding a niche in the market. There's an array of Cajun, Portuguese and Hawaiian sausages and products, as well as Japanese snacks and mushrooms customers won't see on other stores' shelves.
But the real star of the show at Central Fish is just that — the fish. When a diner sits down to enjoy sushi or a cut of salmon in Fresno, there's a high likelihood it came through Fresno's Chinatown.
'I say we don't sell price, we sell quality. And that separates us,' he said. 'It's going into quality sushi restaurants and white tablecloth restaurants and saying, 'We sell quality stuff.' That keeps the standards high and keeps our reputation a certain way.'
Then there's the restaurant. Doizaki said everything is made in-house, and he's seen success lately with a new menu item called the Inflation Fighter. That comes in a couple of different forms whether chicken or seafood with rice and a drink that totals $9.99 after tax.
Running what amounts to three businesses in one has its unique struggles.
'Only a crazy man would say, 'Hey, you want to start a business. Yeah, but why don't you open up a restaurant, fish market and all in the same house?' ' he said. 'It's kind of madness.'
One emerging market for fish sellers, he said, is small catering parties that were spawned during the pandemic. A buyer can go into Central Fish and buy a large cut of sushi-quality fish and make rolls at home for friends and family, cutting out the expenses that come with buying it at a restaurant.
Like any business that's been around for decades, Central Fish has seen ups and downs, including an unspeakable tragedy, but its been able to continue to adapt, he said.
In 1996, Yokomi was murdered by a former employee in a crime that shocked the city. The 75-year-old was doing some paperwork after hours inside Central Fish on June 24 of that year when the former employee and a 14-year-old accomplice confronted Yokomi.
The two had hidden behind some boxes until the store emptied out. The former employee stabbed Yokomi in the chest from across a desk before running around it to stab him several more times. The killer was sentenced to life in prison.
Doizaki has fond memories of Yokomi, who was killed when Doizaki was 16.
'He was the nicest guy ever,' he said. 'When people talk stories about him, it just solidifies in my head, like, they don't make people like this anymore.'
Many businesses in Chinatown — Chef Paul's, La Elegante and Ho Ho Kafe, to name a few — survive by being a destination. They're not picking up business off of foot traffic so much as being a place where residents who know what they want are going to make the trip.
Central Fish is Chinatown's flagship in many ways, according to Jan Minami, the project director for Chinatown Fresno Foundation.
'I think it's a good place to start when you think about revitalization, and Morgan is such a strong advocate for the whole neighborhood,' she said. 'His business is really important, but his attitude is equally important to the neighborhood, because he hears a lot of things. He knows what's going on.'
Chinatown and much of downtown is going through a transformation between the high-speed rail construction and the now-delayed $200 million downtown investment Gov. Gavin Newsom announced in 2023.
Chinatown has been choked by construction in recent years, and Central Fish sits in the middle of much of it. The city is also replacing water lines throughout Chinatown.
Doizaki said he's optimistic about what the future holds. Central Fish has come a long way from when he took over what was a failing business in 2003.
'We've positioned ourselves to hopefully benefit from all this investment coming in, infrastructure and all this stuff and high speed rail,' Doizaki said. 'We want to be a part of this revitalization.'
'When I came here in 2003 I had a five-year plan. I'm still here, and I don't think I'm going anywhere, because I want to see this place succeed, this area succeed.'
Central Fish at 1535 Kern St. is open 9 a.m. to 6 p.m. every day, and stays open 30 minutes later on Friday and Saturday. For more, go to www.centralfish.com.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Japan trade negotiator Akazawa says he made progress in U.S. tariff talks
Japan trade negotiator Akazawa says he made progress in U.S. tariff talks

CNBC

timean hour ago

  • CNBC

Japan trade negotiator Akazawa says he made progress in U.S. tariff talks

Japan had made some progress in a fifth round of trade talks with U.S. officials aimed at ending tariffs that are hurting Japan's economy, Tokyo's chief tariff negotiator said. "Tariffs have already been imposed on autos, auto parts, steel and aluminum, and some of them have doubled to 50% along with 10% general tariff. These are causing daily losses to Japan's economy," Ryosei Akazawa, said in Washington on Friday after talks with officials, including Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick. Akazawa declined to say what progress they had made. The latest round of talks may be the last in-person meeting between senior Japanese and U.S. officials before the Group of Seven (G7) leaders summit that starts on June 15, where U.S. President Donald Trump is expected to meet Japanese Prime Minister Shigeru Ishiba. Japan also faces a 24% tariff rate starting in July unless it can negotiate a deal with Washington. "We want an agreement as soon as possible. The G7 summit is on our radar, and if our leaders meet, we want to show what progress has been made," Akazawa said. "Still we must balance urgency with a need to guard our national interests," he added. Last month Japan's trade negotiator said U.S. defence equipment purchases, shipbuilding technology collaboration, a revision of automobile import standards and an increase in agricultural imports could be bargaining chips in tariff talks. In a bid to reach an agreement with the U.S., Japan is also proposing a mechanism to reduce the auto tariff rate based on how much countries contribute to the U.S. auto industry, the Asahi newspaper reported on Friday. Akazawa said Japan's position has not changed and that the tariffs are not acceptable.

Looking for More Dividends? These 4 Singapore REITs Could Be Perfect for You
Looking for More Dividends? These 4 Singapore REITs Could Be Perfect for You

Yahoo

timean hour ago

  • Yahoo

Looking for More Dividends? These 4 Singapore REITs Could Be Perfect for You

With high interest rates and inflation posing a threat to your savings, dividend-paying REITs have become a go-to choice for investors seeking passive income. REIT managers have been restructuring their portfolios in both the retail and industrial space. However, only a handful check all the crucial boxes of reliable distributions and a resilient portfolio. Here are four Singapore REITs for investors seeking to enhance their income stream. Keppel DC REIT or KDCR, is a sector-specific REIT in data centre infrastructure across the Asia-Pacific and Europe. As of the end of 2024, KDCR's assets under management (AUM) has seen substantial growth to about S$5 billion which is about five times its AUM when it had its initial public offering in 2014. For the first quarter of 2025 (1Q 2025), KDCR's distributable income increased by 59.4% year-on-year (YoY) and its distribution per unit (DPU) increased by 14.2% YoY. In 1Q 2025, KDCR also has a high portfolio occupancy of 96.5%. In March 2025, KDCR realised a profit from the divestment of Kelsterbach Data Centre, giving it more financial flexibility. Moving forward, KDCR acknowledges the high opportunity for growth from strong demand for data centres as the Artificial Intelligence (AI) industry scales. KDCR has a healthy debt profile with only 2.2% of its debt maturing in 2025. KDCR's DPU is also less sensitive to a change in interest rates with a 0.5 percentage point increase in interest rates resulting in a low 1.1% decline for its 1Q 2025 DPU. Capitaland Ascott Trust or CLAS, is the largest lodging trust in the Asia-Pacific with S$8.9 billion in total assets. CLAS has a geographically diverse portfolio with properties spanning across 46 cities in 16 countries. For 1Q 2025, the trust enjoyed a strong performance from its stable income sources such as master leases which make up 70% of its gross profit. CLAS also experienced a 4% YoY growth of its gross profit. In 1Q 2025, CLAS made two strategic acquisitions of Japanese hotels. This acquisition not only increased CLAS' market exposure in Japan but also increased its distribution per stapled security by 1.6% on a 2024 pro forma acquisition also improved the trust's portfolio as the blended net operating income (NOI) of the acquired hotels was over two times that of the NOI of divested properties in 2024. Macroeconomic challenges such as Trump's tariffs are also mitigated by CLAS due to a highly diversified portfolio in terms of properties and countries, thus reducing concentration mitigation strategies hedge against foreign currency and interest rate risk as well as a reduction in lodging demand due to rising costs. AIMS APAC REIT or AAREIT, is an industrial REIT with a portfolio consisting of properties in Australia and Singapore. For fiscal year 2025 (FY2025) ending 31 March 2025, AAREIT demonstrated a promising net property income growth of 2.1% YoY and a DPU growth of 2.6% YoY to S$0.096. AAREIT also has a high occupancy rate of 93.6%. AAREIT has several Asset Enhancement Initiatives (AEIs) such as the revitalisation of Optus Centre Campus in Macquarie Park,Australia, which will increase the functionality of the event space. By doing so, the Campus will appeal to a wider range of tenants and improve long term tenant retention. AAREIT also has a healthy portfolio weighted average lease expiry (WALE) value of 4.4 years which makes for a smoother and more predictable rental income stream. As of FY2025, AAREIT has total gross debt of S$582 million with no refinancing required for FY2026. Frasers Centrepoint Trust, or FCT, is a retail REIT which owns primarily suburban retail malls in Singapore. For the first half of fiscal 2025 (1H FY2025), FCT reported a YoY increase of 7.3% in net property income and a 0.5% YoY increase in DPU to S$0.0605. Its retail malls showed an increase in shopper traffic and tenants' sales by 1% YoY and 3.3% YoY, respectively. For 1H FY2025, FCT's debt profile is healthy with an aggregate leverage of 38.6% and a cost of debt decreasing by 0.1% quarter-on-quarter to 3.9%. The retail REIT also has a well-spread debt maturity profile and a stable credit rating. FCT has active AEIs with the recent completion of the AEI for Tampines 1 and the commencement of the AEI of Hougang had 41 new-to-portfolio tenants in 1H FY2025 such as Munchi Pancakes at NEX and Honor at Causeway Point. The trust also has several new-to-market tenants upcoming such as OH!SOME at Suntec City and KKV at Tiong Bahru Plaza. These efforts to revamp the malls and introduce new tenants allow FCT's malls to stay relevant, increasing foot traffic and improving tenant retention. With the increasing number of new homes around its malls as well as increasing household income, FCT sees an increase in future consumer spending resulting in long-term growth for retail spaces. In an environment where economic uncertainty is a primary concern, dividend reliability matters more than ever. These four REITs exhibit not only dependable dividend payments but also sound capital management and growth potential. Whether you are a seasoned income investor or just starting out, these REITs deserve to be in your dividend portfolio. When the market is unpredictable, where can you park your money with confidence? Our latest FREE report reveals 5 Singapore dividend-payers built to withstand global storms. Get it now and see what's still worth holding. Follow us on Facebook, Instagram and Telegram for the latest investing news and analyses! Disclosure: Gabriel Lim does not own shares of any of the companies mentioned. The post Looking for More Dividends? These 4 Singapore REITs Could Be Perfect for You appeared first on The Smart Investor.

Yageo to meet with Japan's Shibaura Electronics in mid-June
Yageo to meet with Japan's Shibaura Electronics in mid-June

Yahoo

timean hour ago

  • Yahoo

Yageo to meet with Japan's Shibaura Electronics in mid-June

KAOHSIUNG, Taiwan (Reuters) -Taiwan's Yageo will meet with Japan's Shibaura Electronics in the middle of this month in Tokyo to discuss cooperation, Yageo's chairman said on Saturday. Pierre Chen was speaking to reporters at an event in Kaohsiung, Taiwan. Yageo, the world's largest maker of chip resistors, announced an unsolicited tender offer for Shibaura Electronics in February, aiming to acquire full control of the Japanese manufacturer that specialises in thermistor technology. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store