Ito En, Ltd.
Notice Regarding Establishment of Overseas Subsidiary
ITO EN, Ltd. will establish a subsidiary, ITO EN INDIA PRIVATE LIMITED, in the Republic of India with capital of 300 million rupees (approximately JPY 520 million) on April 1, 2026, to accelerate local business development.
Key Figures
- Capital: 300 million rupees (approximately JPY 520 million)
- Equity Ratio: ITO EN Asia Pacific Holdings Pte. Ltd. 99%, ITO EN, Ltd. 1%
- Establishment Date: 2026-04-01
AI要約
Purpose of Establishing the Subsidiary
ITO EN, Ltd. is advancing the globalization of the "Oi Ocha" brand based on the medium-term management plan announced on June 3, 2024, aiming to realize its long-term vision as the "World's Tea Company." To respond swiftly to challenges in the Indian market and accelerate business development, it has resolved to establish a subsidiary, ITO EN INDIA PRIVATE LIMITED, in Mumbai, Maharashtra State, Republic of India. This will enhance local brand recognition and strengthen the group's presence.
Overview of the Subsidiary and Future Outlook
The subsidiary will have capital of 300 million rupees (approximately JPY 520 million), with an equity ratio of 99% held by ITO EN Asia Pacific Holdings Pte. Ltd. and 1% by ITO EN, Ltd. The business involves importing and selling ITO EN branded products, with the fiscal year ending in March. The impact on consolidated results for the fiscal year ending April 2026 is expected to be minimal.
