- Lifestyle
May 14, 2025.
Toyota Tsusho Corporation (hereinafter referred to as Toyota Tsusho) has decided to acquire all shares of Mitsui & Co. Agri-Foods, Inc. (hereinafter referred to as Mitsui & Co. Agri-Foods), a subsidiary of Mitsui & Co., and fully consolidate it as a subsidiary effective June 2, 2025.
Consequently, Mitsui & Co. Agri-Foods will change its name to Toyotsu Agri-Foods, Inc. (hereinafter referred to as Toyotsu Agri-Foods) and plans to integrate with Toyotsu Foods during this fiscal year.
Mitsui & Co. AgriFoods is a food specialty trading company that handles agricultural products such as rice, soybeans, peanuts, and nuts. With its rice business accounting for 60% of sales, it has strong product development capabilities and a wide sales network, collaborating with major supermarkets and convenience stores for product development.
This integration aims to diversify the business through the merger of Mitsui & Co. Agri-Foods and Toyotsu Foods and to enhance corporate value.
Currently, Toyo Suisan is dealing with a wide range of food products including meat, fish, vegetables, fruits, soybeans, wine, seasonings, and processed foods. By newly acquiring Mitsui & Co. AgriFoods' rice business, further expansion of the business foundation is anticipated. Additionally, for the food products handled by both companies, such as soybeans, peanuts, and nuts, creating synergies will achieve market Share expansion and accelerate Global business development.
Moreover, the fusion of the high-yield rice "Shiki Yutaka" developed by Toyoda Gosei and the processed food business of Toyo Suisan with Mitsui & Co. AgriFoods' product development capabilities and sales network is also being considered, aiming to provide socially valuable products.
Changes after becoming a subsidiary.
| Currently. | After becoming a subsidiary (after June 2). | |
|---|---|---|
Company Name | Mitsui & Co. AgriFoods Ltd. | Toyotsu AgriFoods Corporation. |
Location | Shiba Park, Minato-ku, Tokyo. | Shiba Park, Minato-ku, Tokyo. |
President and Representative Director. | Keiichi Tsukahara | Chiaki Onodzuka |
Capital | 0.4 billion yen | 0.4 billion yen |
Shareholder | Mitsui & Co., Ltd. 100%. | Toyotsu Food 100%. |
The "Shikiyutaka" is a hybrid variety developed based on Koshihikari by the Institute of Rice Production Technology, Nagoya University, and Toyota Tsusho, achieving both high yield and good taste. It yields approximately 1.3 times the harvest compared to regular varieties.
Shikiyutaka is a registered trademark of Toyota Tsusho.
Overview of Toyotsu Food.
Company name | Toyotsu Food Corporation. |
|---|---|
Location | Minato, Konan, Tokyo. |
Representative | Ichiro Koyama. |
Capital | 0.3 billion 70 million yen. |
Shareholder | Toyota Tsusho 100%. |
Business activities | A food specialty trading company whose main business is the sale, import and export, and trilateral Trade of various food ingredients, Commodities, and food materials, as well as Food Processing. |
The information published in the release is current as of the announcement date.
Please note that changes may occur after the announcement date.
