Announcement Regarding the Establishment of a Subsidiary and the Commencement of a New Business
NQ Score
88/100
N1 Content Completeness
90
AI Summary (NQ-processed)
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.