News Release

2018.10.1Notification of the Establishment of
FUJI EUROPE AFRICA B.V. Regional Headquarters

This is a notification of the establishment of the subsidiary FUJI EUROPE AFRICA B.V. by FUJI OIL HOLDINGS INC. (Hiroshi Shimizu, President & CEO; hereinafter referred to as “the Company”).

1.Objective of establishment

The Company is aspiring to be a global enterprise “contributing to its customers and society with delicious and healthy foods,” to meet this objective the Company is further developing its business in oils and fats, confectionery and bakery ingredients, and soy-based ingredients in Japan, Southeast Asia, China, the Americas, and Europe.

FUJI EUROPE AFRICA B.V. has been established as the Headquarters for the business in Europe and Africa with the aim of optimizing group synergies and business expansion through strategic initiatives, the creation of new business and the establishment of new research and development relationships. The Company intends to further accelerate the expansion and development of its business on a global scale in line with its medium-term management plan “Towards a Further Leap 2020,”. To achieve this objective, it intends to strengthen its oils and fats and chocolate business, which is its core competence in the European region. We will promote the establishment of a management structure centered on unifying Group global standards across the region and strengthening external cooperation with organizations and groups outside of Japan. 


2.Outline of FUJI EUROPE AFRICA B.V.

Company name FUJI EUROPE AFRICA B.V.
Location UN Studio Parnassusweg 819, 1082 LZ Amsterdam, The Netherlands
Establishment July, 2018
Representative Naohiro Rokukawa (employee of Fuji Oil Holdings Inc.)
Capital 0.5 million €
Business Business management of Europe and Africa region
Number of employees 8(Next fiscal year)

* This summary is planned at the time of release and may be subject to change in the future.

3.Impact on results for the current business year

The impact on consolidated results for this term will be minimal.

End of report

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