Nichirei Corporation
Notice Regarding Changes in Specified Subsidiary (Grandchild Company)
Nichirei Corporation has resolved to increase capital in its newly established U.S. Delaware subsidiary, Nichirei Global Foods, LLC. Capital is planned to increase significantly from USD 1,000 to approximately USD 105.7 million, with phased investments scheduled between March and September 2026.
Key Figures
- Post-Increase Capital: USD 105,701,000 (planned)
- Pre-Increase Capital: USD 1,000 (planned)
- Investment Period: March 2026 to September 2026 (phased investments planned)
AI要約
Overview of the Change
Nichirei Corporation has resolved that its North American subsidiary InnovAsian Cuisine Enterprises Inc., which operates in the food business under its subsidiary Nichirei Foods, will increase capital in its newly established Delaware-based subsidiary Nichirei Global Foods, LLC. The capital will increase from USD 1,000 to approximately USD 105.7 million, qualifying it as a specified subsidiary. The new company will develop and produce frozen food products, aiming to expand its business in the U.S. market, leveraging growth in the Asian food sector.
Outlook and Impact
The capital increase is scheduled to be carried out in phases from March to September 2026, aiming to build a supply chain foundation and strengthen product development capabilities in the U.S. The impact on consolidated earnings is expected to be minimal. A production base is also planned to be established in Jonesboro, Arkansas.
