Announced business alliance with Otoya HD Oisix at 14:34 on August 14
Otoya Holdings Co., Ltd., which develops a set meal chain, announced a business tie-up with a food delivery giant, Oisix La Daichi, and revealed that it aims to increase sales through online shopping of frozen foods. While confronting our largest shareholder, CoroWide, over our management policy, we also aim to show our other shareholders the stance of promoting management improvements.
According to the announcement, Otoya Holdings Co., Ltd. and Oisix La Daichi will form a business tie-up and will sell frozen side dishes and lunch boxes jointly developed by the two companies online.
With this alliance, Otoya aims to diversify the products handled by Oisix while strengthening sales outside stores, and both companies aim to achieve annual sales of 3 billion yen in 3 to 5 years. is.
Sales at Otoya have been sluggish since February last year due to menu price increases and the new coronavirus, which was announced on the 14th, and the sales for the three months to June were 3.1 billion yen and 48%. In addition to the decrease, the net loss was 1.5 billion yen.
Regarding Otoya, we have been conducting a tender offer for TOB = shares since last month with the aim of making CoroWide, the largest shareholder and major restaurant restaurant, a subsidiary, but Otoya has opposed this and the two companies continue to face conflict.
At Otoya, the aim is to appeal to other shareholders the attitude of promoting business improvement through business alliances and to counter TOB, and the focus is on gaining understanding from shareholders.