I would like to take this opportunity to thank you for your steady support.
Since 1928, Itoham group, under the company policy of “Service to Society through Business”, has been contributing to improving one’s eating habits by supplying animal protein such as meat and processed meat products that are essential to good health. In order to remain a corporation that is trusted by the society as a bearer of “food culture”, our compliance structure has been solidified to heighten our management quality. We are also active in global environment consideration and social contribution activities to fulfill our duty as a member of the society.
Looking at the business environment that surrounds us, there are rapid changes such as the negative interest rate announced by the Bank of Japan in January of 2016 and fluctuating market triggered in part by the slowing of the Chinese economy and the decline in the price of oil. Domestically, we are seeing growth in the ready-to-eat meal and restaurant sector. Demand for convenience is growing with increase in foods and meals from “external sources” backed by decline in persons per family and increase in working couples due to the changing demographics and social structure. Under these circumstances, it is necessary to respond rapidly and adequately to various global changes that occurs from sourcing of raw materials through to sale of final product.
Itoham Yonekyu Holdings Inc. was incorporated on April first through management integration between Itoham Foods Inc. and Yonekyu Corporation. By bringing together the strengths that both companies have cultivated, and showing maximum synergy effect, Itoham Yonekyu Holdings will become a strong group that can adapt to kaleidoscopic changes and better serve the society.
As a member of the Holdings, Itoham group will increase efficiency in business activities at all divisions, refine development capabilities of value added products and deliver products that yield high trust from customers to ensure continuous growth and increase corporate value.
I look forward to your continued support.