Announcement Regarding the Establishment of a Subsidiary and the Commencement of a New Business
Daikoku Denki announced that its Board of Directors resolved on March 23, 2026, to establish a subsidiary and commence a new business. Effective today, the company has established the subsidiary and launched an agri-tech business related to matcha. This initiative aims to address challenges in tencha production and build a supply system to meet the expanding matcha market, driven by rising health consciousness and inbound demand.
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- 📰 Published: April 1, 2026 at 21:58
- 🔍 Collected: April 1, 2026 at 16:47
- 🤖 AI Analyzed: April 21, 2026 at 19:43 (482h 55m after Collected)
Daikoku Denki Co., Ltd. (Headquarters: Nagoya City, Aichi Prefecture; Representative Director: Masakatsu Kayamori; Securities Code: 6430; hereinafter "the Company") announced that its Board of Directors, held on March 23, 2026, resolved to establish a subsidiary and commence a new business. The Company has established the said subsidiary and commenced business as of today.
▶ Please refer to the announcement material "here" (https://www.daikoku.co.jp/ir/wp-content/uploads/2026/04/260401_chagri.pdf).
## 1. Purpose of Subsidiary Establishment and Outline of New Business
In recent years, the matcha-related market has continued to expand both domestically and internationally, driven by increasing health consciousness, recovery of inbound demand, and growing interest in Japanese food culture. However, at the production sites of tencha, the raw material for matcha, many small-scale producers face significant challenges such as constraints on capital investment and securing human resources.
This time, by establishing a new subsidiary, the Company aims to solve the challenges at tencha production sites, which are in the matcha-related field, a new business domain for the Company Group, and to build a supply system that can respond to market expansion.
## 2. Outline of New Business
(1) Content of New Business
Agricultural Support and Agri-tech Business
(2) Department in charge of the business
Newly established subsidiary
(3) Amount and content of special expenditures for the commencement of the business
An investment of 100 million yen was made for the establishment of the subsidiary to conduct the new business.
## 3. Outline of the Established Subsidiary
## 4. Schedule
Keywords: IR, Agriculture, Human Resources, Matcha, Pachinko, Pachislot, Daikoku Denki, Prime, Agri, Subsidiary
▶ Please refer to the announcement material "here" (https://www.daikoku.co.jp/ir/wp-content/uploads/2026/04/260401_chagri.pdf).
## 1. Purpose of Subsidiary Establishment and Outline of New Business
In recent years, the matcha-related market has continued to expand both domestically and internationally, driven by increasing health consciousness, recovery of inbound demand, and growing interest in Japanese food culture. However, at the production sites of tencha, the raw material for matcha, many small-scale producers face significant challenges such as constraints on capital investment and securing human resources.
This time, by establishing a new subsidiary, the Company aims to solve the challenges at tencha production sites, which are in the matcha-related field, a new business domain for the Company Group, and to build a supply system that can respond to market expansion.
## 2. Outline of New Business
(1) Content of New Business
Agricultural Support and Agri-tech Business
(2) Department in charge of the business
Newly established subsidiary
(3) Amount and content of special expenditures for the commencement of the business
An investment of 100 million yen was made for the establishment of the subsidiary to conduct the new business.
## 3. Outline of the Established Subsidiary
## 4. Schedule
Keywords: IR, Agriculture, Human Resources, Matcha, Pachinko, Pachislot, Daikoku Denki, Prime, Agri, Subsidiary