Diversification of the earnings base through the agricultural business
First written in FY2023. . Latest entry: FY2024.
0 other companies' latest entry also says "Other".
- FY2024Failure to meet the requirements for an agricultural landholding corporationAnnual report
「As there are no plans to own agricultural land for the time being, voting rights ownership was increased to 100% in June 2024, and as of the date of filing this document, the requirements for an agricultural landholding corporation were not met.」
While restating the agriculture business plan and production record, adds that voting-rights ownership was increased to 100% in June 2024 and that the requirements for an agricultural landholding corporation were not met. - FY2023First statedAnnual report
「In the agriculture business, we adopted the OSMIC agricultural products production business operated by OSMIC Co., Ltd. under a franchise model, achieved the first shipment as planned in November 2020, and produced and shipped approximately 22 tons annually in fiscal 2023. In October 2021, we established J.E.T. Agri Co., Ltd. to manage the business on a stand-alone profitability basis, clarify responsibility, and improve its earnings power and competitiveness. J.E.T. Agri Co., Ltd. has operated the agriculture business since January 2022. We are developing employees and seeking to improve production technology and quality further.」
The agriculture business achieved its first shipment in November 2020 and produced and shipped approximately 22 tons in fiscal 2023. The company aims to improve earnings power and competitiveness through stand-alone profitability management, employee development, and production and quality improvements by the subsidiary.