February 22, 2024
FoodTech One Corporation
FoodTech One Corporation Established by 12 Food Industry Companies toDevelop and Expand the Spread of Sustainable Food Products– Developing Competitive Alternative Food Products –FoodTech One Corporation (“FoodTech One”) has been established by 12 foodindustry companies with the aim of developing high-quality sustainable foodproducts at competitive prices for consumers in Japan and overseas. FoodTech
One is engaged in joint product development, including the development of plantbased meat substitutes, and aims to realize early commercialization of theseproducts while promoting a range of Foodtech solutions.
The global population will reach 10 billion by 2050, and the world will face a“protein crisis” in 2030 in which protein demand will outstrip supply. At the sametime, a rise in health awareness has created greater demand for vegetarian
products. One highly anticipated solution is alternative plant-based protein
products. While market growth is expected for such alternative products andproduct development is underway, the Japanese market faces challenges such as
quality, pricing, and low consumer awareness as eating alternative protein is not
currently part of the food culture in Japan.
【FoodTech One Business Scheme】*participating companies

FoodTech One is made up of a wide range of companies within food distribution,
includingnotonlyprocurement

andprocessed

fooddevelopment

andmanufacturing companies, but also food wholesale and restaurant chain operators.
Joint product development is undertaken by companies with experience indeveloping food substitutes alongside companies with expertise in meat productdevelopment to reflect consumer needs. Additionally, by building a supply chainthat spans procurement to sales, FoodTech One can expand stable supply andpopularize alternative products that are both delicious and sold at competitiveprices.
FoodTech One strives to discover new Foodtech technologies and collaborate
with participating companies in order to address social issues concerning food.

[Company Overview – FoodTech One Corporation]
Established
December 8, 2023
Head Office3-1-1 Roppongi, Minato-ku, Tokyo
Representative Toshinori Ikemoto (Retail & Consumer Service Division, Sojitz
DirectorCorporation)
Main Business Development, promotion, and marketing of alternative foodproducts and Foodtech solutions

Ownership
Shareholders

Main Business Activities
・ Development and open innovation for new technologies(including alternative products, biofuels, and DX)
・New lifestyle proposals and solutions
・Joint development (including materials, products, and menus)
・Industry-academia partnerships
・Support for reliable procurement of raw materials and othermaterials
Sojitz Corporation, Sojitz Foods Corporation – More than 67%
Other – Less than 33%
ADEKA Corporation, F-Link Corporation, JALUX Inc., Showa
Sangyo Co., Ltd., Sojitz Corporation, Sojitz Foods Corporation,
Delica Foods Holdings Co., Ltd., Matsuya Foods Holdings Co.,
Ltd., The Marine Foods Corporation, Marudai Food Co., Ltd.,Meat One Corporation, Royal Holdings Co., Ltd.
(Japanese kana order)[For questions, contact:]
Sojitz Corporation

Retail Business Dept.2+81－3－6871－5209