The 2024 Japanese squid resource assessment report reveals that both the autumn and winter breeding populations of squid in the waters around Japan have low resource abundance and uncertain future recovery. The autumn breeding population, which was once a historical catch of 315,000 tons in 1996, saw a significant decline to 28,000 tons in 2023. The winter breeding population, which peaked at 400,000 tons in 1996, dropped to 14,000 tons in 2023. The causes of the decline include abnormal climate and overfishing, despite some protection and management measures. The recovery of Japanese squid resources is uncertain, and the fishing volume and prices are uncertain, presenting operating challenges for processing plants and exporters.