At the Food Company, we are bolstering initiatives in the production and processing areas through the Group companies. As well as harnessing the advantages of a trading company in procuring ingredients, we also tap our networks for cooperating in marketing.
In Japan, major businesses including Fuji Oil Co., Ltd., Prima Meat Packers, Ltd., Japan Foods Co., Ltd., ITOCHU Sugar Co., Ltd. and Yayoi Foods Co., Ltd. are carrying out food production and processing.
In overseas development, manufacturing products intended for Japan has been the primary focus in the past but based on the global SIS strategy, we have been investing in or developing joint projects with companies that are manufacturing products intended for the local market. For example, the Master Kong brand, an affiliate of the Ting Hsin Group, manufactures instant noodles, drinks and snacks, and is one of the major brands in the Chinese market. Going forward, we will work together with local partners on expanding Japanese technologies, know-how, and brands overseas.