FOOD & LIFE COMPANIES LTD. [3563.T]
TOKYO, May 27 (Pulse News Wire) – Food & Life Companies Ltd. (3563.T) announced today that its board of directors has resolved to establish a joint venture with Koyatsu Corporation.
The newly formed subsidiary, tentatively named FOOD & LIFE KYORITSU MARINE, aims to support sustainable aquaculture production and resource utilization. Koyatsu Corporation brings extensive experience and advanced technology in environmental conservation through water treatment and traceability solutions for aquatic products. The subsidiary's capital will amount to ¥100 million and is scheduled to commence operations in October 2026.
Food & Life Companies will hold a stake of 60% while Koyatsu Corporation will own 40%. Three employees from Food & Life Companies are expected to join the management team of the new entity. This move aligns with Food & Life Companies' vision to enhance daily culinary experiences globally and spread joy worldwide, focusing on addressing societal challenges such as the sustainability of marine resources.
The joint venture underscores the commitment to providing safe and secure food supplies to customers around the world.
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