Yamazaki buys Kobeya's packaged bread business

Aug 26 (NHK) - Japan's leading baked goods company, Yamazaki Baking, is buying the packaged bread business of a smaller rival, Kobeya Baking.

The two companies signed the deal on Friday.

The business will be transferred by the end of February, 2023. The size of the deal has not been disclosed. Kobeya will retain its restaurant chain and other businesses.

Yamazaki hopes to take advantage of Kobeya's assets to increase manufacturing efficiency and strengthen sales in western Japan.

Bread companies in the country have been hit hard by soaring material prices, as well as the declining population.

Breakthrough in Colon Research Sparks New Potential for Cancer Treatment

A research group from Osaka University has made a world-first discovery, revealing that the right and left sides of the colon serve different roles.

Japan Targets First 'International Outstanding Research University'

The Ministry of Education, Culture, Sports, Science, and Technology announced that Tohoku University, initially shortlisted, has been formally designated as Japan's first 'International Outstanding Research University,' aiming to achieve world-class research capabilities.

Nissan to Cut 9,000 Jobs Worldwide

Nissan Motor Co. has announced it will cut 9,000 jobs globally in response to declining business performance.

Monkey Alert at Tokyo Disney Resort

A monkey has been spotted within the premises of Tokyo Disney Resort after it had moved south along the coast from Urayasu City, where it was seen on November 4th.

Whale Shark Found Dead in Local River

A whale shark that mysteriously appeared in a river has been identified as one previously kept at an aquarium in Osaka Prefecture.

MEDIA CHANNELS

MORE Business NEWS

Japanese Companies Target China's Booming Pet Market

China is currently experiencing an unprecedented pet boom, with Japanese companies seizing the opportunity to promote pet-related products.

Nissan to Cut 9,000 Jobs Worldwide

Nissan Motor Co. has announced it will cut 9,000 jobs globally in response to declining business performance.

Cultivating Change in Japan's Agricultural Policy

During the regular Diet session in 2024, the Japanese government amended the Basic Law on Food, Agriculture and Rural Areas for the first time. The Basic Law was promulgated in 1999 and is the so-called ‘constitution of agricultural policy’ in Japan. (East Asia Forum)