Yutaka Foods reports strong ties with parent firm Oriental Yeast

TOKYO, May 15 (Pulse News Wire) – Yutaka Foods Corporation (2806.T) disclosed its significant relationship with parent company Oriental Yeast Co., Ltd., which holds a 50.9% stake in the company. As part of the Oriental Yeast Group, Yutaka Foods manufactures instant noodles and seasoning products for Oriental Yeast, leveraging long-established production technology and equipment.

The company reported total sales of ¥148.9 billion, with ¥149 million owed to Oriental Yeast and ¥23 million in unpaid expenses. Additionally, Yutaka Foods received ¥200 million in recoverable loans from related companies and earned ¥44 million in interest income.

The disclosure also noted that product pricing is determined through periodic negotiations based on total costs, ensuring fair conditions similar to those of general transactions. In maintaining minority shareholder protection, Yutaka Foods adheres strictly to equitable trading conditions with Oriental Yeast, ensuring that such dealings do not harm the interests of smaller shareholders.

The company's operations remain robustly aligned with its parent firm while upholding transparency and fairness in all transactions.