Daikoku Denki Co., Ltd.
Notice Regarding Establishment of Subsidiary and Commencement of New Business
On April 1, 2026, Daikoku Denki established a subsidiary, Chagri Co., Ltd., with capital of 50 million yen to undertake agricultural support and agritech business related to the matcha sector, launching a new business.
Key Figures
- Investment Amount: 100 million yen (Investment for the start of new business)
- Subsidiary Capital: 50 million yen (Capital of Chagri Co., Ltd.)
- Establishment Date: 2026-04-01 (Date of subsidiary establishment and business commencement)
AI要約
Overview of Subsidiary Establishment and New Business
Daikoku Denki Co., Ltd. established Chagri Co., Ltd. as a wholly-owned subsidiary based on a board resolution dated March 23, 2026, to address the expansion of the matcha-related market and to solve challenges at the tencha production sites through agricultural support and agritech business. The capital is 50 million yen. The new company will engage in a wide range of activities including agricultural technology research and development, production, processing and sales of agricultural products, contract farming operations, and operation of agricultural experience farms.
Future Outlook
This business is expected to contribute to the group’s performance improvement over the medium to long term, but its impact on the performance for the current consolidated fiscal year is anticipated to be minor. Should there be any impact on earnings, timely disclosure will be made.
