DAIKOKU DENKI CO.,LTD. [6430.T]
TOKYO, Apr 01 (Pulse News Wire) – Daikoku Denki CO.,LTD. (6430.T) established a subsidiary named Chagri Corporation on April 01, 2026, to address challenges in matcha production and expand supply capacity in response to growing demand for matcha-related products domestically and internationally.
The newly formed subsidiary, located at Aichi, Kasugai Shi Sakashita Machi 1-875, 3rd Floor, will focus on agricultural support and agri-tech services. Daikoku Denki invested [TICKER_0] in the new venture, which has a capital of ¥50 million. The subsidiary's primary activities will include research and development related to agriculture technology, consulting, education, and training; farming operations; food manufacturing and sales; and labor dispatch services. Chagri Corporation’s establishment was approved during a board meeting held on March 23, 2026.
The company aims to contribute to Daikoku Denki Group's long-term performance improvement while having a minor impact on the current fiscal year's results. Major shareholders include Daikoku Denki with a holding ratio of 100%. The company also dispatched executives and employees to the new entity. In the coming months, Daikoku Denki expects the new subsidiary to play a significant role in enhancing its group performance without substantially affecting the current fiscal year's earnings.
Any material changes in the impact on earnings will be promptly disclosed.
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