Otoya HD Enters into a business alliance with Oisix Top shareholder Corowide conflict with August 13 18:49
The set meal chain “Otoya Holdings” has established a policy of forming a business tie-up with food delivery giant “Oisix La Daichi”. Amid the conflict with the largest shareholder, Corowide, regarding management policy, it seems that the aim is to show other shareholders the attitude of promoting management improvement.
Regarding Otoya, TOB=Tender Offer of Shares has been implemented since last month with the aim of making Corowide, the largest shareholder holding approximately 19% of the shares, a subsidiary in order to strengthen its impact on management. Opposes this, and the conflict between the two companies continues.
According to the people involved, Otoya has decided to establish a business tie-up with “Oisix La Daichi”, a food delivery company.
Otoya plans to develop its own frozen foods, etc., which it will focus on in the future, in cooperation with Oisix, which has more than 300,000 members in the entire group, and sell it on Oisix's online shopping site. It seems that the aim is to show the attitude to other shareholders.
Since February last year, Otoya has continued to have monthly sales below the same month of the previous year since the impact of the price increase and the new coronavirus. The focus will be on broadening your understanding of the solution.