Next Meats and Yakuodo form a capital and business alliance agreement

TOKYO, March 17, 2022 /PRNewswire/ — We are happy to announce that Subsequent Meats Co., Ltd, a subsidiary of Next Meats Holdings, Inc. (CEO: Koichi Ishizuka, OTC Pink: NXMH), has agreed to conclude a enterprise alliance settlement with Yakuodo Co., a subsidiary of Yakuodo Holdings, Inc. and as a aspect of this alliance, Yakuodo has agreed to acquire certain shares of Up coming Meats Holdings, Inc., to improve the romance between the two providers.

Considering the fact that its institution in June 2020, Following Meats has released the world’s initial plant-centered Japanese barbecue meats, the “Subsequent Yakiniku Collection,” as perfectly as the world’s to start with plant-primarily based beef bowl “Subsequent Gyudon,” and the common chicken prototype, “Future Rooster.”

In Japan, the Following items has been sold at supermarkets this sort of as Ito-Yokado, Aeon, and Daily life, and in the foodservice sector, it has been adopted by popular restaurants such as Yakiniku Like, as properly as higher-conclusion destinations this sort of as Palace Lodge Tokyo, among others.

As element of the company’s efforts to make the items readily available all over Japan, Following Meats began performing with the foremost drugstore chain Yakuodo Co.—which has a staggering amount of 358 suppliers nationwide*—in November last calendar year and had distinctive fixtures termed Next Stands mounted in pick out retailers. Yakuodo has also carried the Future Tuna due to the fact its start and has jointly promoted plant-based food stuff merchandise forward of other shops and areas.

*As of the close of February 2022

The money and business alliance was shaped at this time to improve the two companies’ partnership and efforts to further more propagate plant-dependent foodstuff. Transferring ahead, the two firms will think about the pursuing prospects for collaboration.

1. Utilization of data owned by Yakuodo

Based on the purchasing info, purchaser facts, and healthcare details owned by Yakuodo, the two companies intend to determine the wants and wellness issues of men and women in the Tohoku location and utilize this info for product or service enhancement, in-keep sales and promoting.

2. Solution improvement Using Yakuodo’s employee belongings

Yakuodo’s 4,000~5,000 workforce will be questioned to just take surveys and participate in other products advancement attempts to establish new solutions that mirror shopper calls for. Utilizing Yakuodo’s staff members will permit a fast PDCA cycle.

3. Improvement of logistics performance

As 1 of Up coming Meats’ production crops is in Iwate Prefecture, we are contemplating making use of Yakuodo’s shipping and delivery community to make improvements to logistics efficiency.

Comment from Koichi Sogo, Director, Running Govt Officer and General Supervisor of Revenue Division, Yakuodo Co.

We have been operating with Future Meats because we respect and truly feel aligned with their purpose of improving upon the wellbeing of men and women and the earth by meat solutions. We have a equivalent enterprise intention to assistance people’s health from the Tohoku area, and are certain that forming a money and organization alliance will even further deliver synergies between the two organizations. By leveraging Yakuodo’s current belongings these types of as data, shops, employees, and logistic community, and Future Meats’ products growth capabilities, we goal to deliver much better solutions to the persons of Tohoku and throughout Japan.

Responses from Hideyuki Sasaki, CEO of Future Meats Co.

Since our institution in June 2020, we have been operating to convey our goods to all elements of Japan, but there is nevertheless a big amount of money of people who do not know about alternate meats or have had the possibility to take in it. Having said that, Subsequent Meats and Yakuodo have built revolutionary efforts starting in the Tohoku location and have evidently expanded the availability and recognition of plant-centered items to a greater viewers.

We are very grateful for this and pleased to type a cash and organization alliance with a partner like Yakuodo who has a similar organization philosophy as us and also feels strongly about attaining the SDG ambitions. By strengthening our partnership, we hope to help the wellness of men and women in the Tohoku area and promote a far more sustainable dietary practice through Japan.

About Future Meats

Up coming Meats is a food stuff-tech venture enterprise from Tokyo set up in 2020. They focus in the R&D of substitute meats and has developed the world’s very first plant-centered barbeque meat, the “Subsequent Yakiniku Collection” as properly as the world’s 1st plant-centered beef bowl, “Next Gyudon”, and have several other sorts of protein substitutes like hen, burgers, pork, and tuna. The enterprise has achieved a listing in the U.S. within just 7 months of its establishment and is energetic in 10 nations abroad, including the United States, France, Singapore, Taiwan, and Hong Kong.

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Source Upcoming Meats Co., Ltd.