News Release

2017.3.16Notification of capital increase in the Chinese headquarters and establishment of a new company (subsidiary of a subsidiary)

At a meeting of its board of directors on March 16, 2017, Fuji Oil Holdings Inc. decided to make a capital increase in FUJI OIL (SHANGHAI) INVESTMENT CO., LTD., its Chinese headquarters, and establish a new company (subsidiary of a subsidiary) in China, through it.

1. Objective of establishment of the new company (subsidiary of a subsidiary)

The Fuji Oil Group is developing business in oils & fats, confectionery & bakery ingredients, and soy beans on a global scale. In China, it already has eight subsidiaries that are engaged in business in the Chinese market, which is very important to the Group. It has decided to establish a new company (subsidiary of a subsidiary) through FUJI OIL (SHANGHAI) INVESTMENT CO., LTD., its wholly-owned subsidiary functioning as its headquarters in the China area, in order to further expand its production capacity and sales, mainly in business in confectionery & bakery ingredients in the Chinese market.


2. Outline of the Chinese headquarters (the company receiving the capital increase and making outlays for the new company (subsidiary of a subsidiary))

  (1) Company name FUJI OIL (SHANGHAI) INVESTMENT CO., LTD.
  (2) Representative Masataka Minemura, Chairman & President (a Fuji Group employee)
  (3) Location Changning District, Shanghai, China
  (4) Date of establishment January 22, 2015
  (5) Main business General management of operations in China, including business administration, fund management, business investment, and formulation of business strategy
  (6) Fiscal year end December 31
  (7) Capitalization 30,000,000 USD (highest capital increase of 26,000,000 USD this time)
  (8) Investors Fuji Oil Holdings Inc. 100%

3. Outline of the new company (subsidiary of a subsidiary)

  (1) Company name FUJI OIL (ZHAOQING) CO., LTD.
  (2) Representative Masataka Minemura, Chairman & President (a Fuji Group employee)
  (3) Location Zhaoqing, Guangdong Province, China
  (4) Time of establishment March 2017 (tentative)
  (5) Main business Manufacture and sale of confectionery & bakery ingredients
  (6) Fiscal year end December 31
  (7) Capitalization 200,000,000 RMB
(3.3 billion JPY, based on figures officially announced on March 15, 2017)
  (8) Investors
Fuji Oil Group 98.06% (*)
Jiangsu Liangfeng Food Group Corp.     1.94%

(*)Fuji Oil Holdings Inc. will make an outlay through FUJI OIL (SHANGHAI) INVESTMENT CO., LTD., its headquarters (and wholly-owned subsidiary) in China.

  (9) Start of production July 2018 (tentative)
(10) Sales target 859,000,000 RMB (14.3 billion JPY) (FY2027 target)


4. Impact on business performance

The impact of this matter on Fuji Oil Holdings’ consolidated financial results for the financial year ending March 31, 2017 is expected to be minimal.



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