Maruha Nichiro Corporation (hereinafter "the Company") hereby announces that its Board of Directors has resolved at a meeting held today to enter into a comprehensive business partnership agreement (hereinafter referred to as the "Agreement") with SENKO Group Holdings Co., Ltd. (hereinafter "Senko"). The purpose of this Agreement is to enhance the corporate value of both companies through collaboration primarily in the logistics sector, as well as in non-logistics areas. This year marks the 145th anniversary of the Company's founding.
In this milestone year, the Company has newly defined its corporate purpose as: "For the ocean, for life." Guided by this purpose, the Company is committed to become a visionary company that provides solutions to promote the health of people and the planet, by delivering food that supports well-being across the world. Through ongoing challenges undertaken for the happiness that lies beyond this vision, we aim to become a company that continues to enrich lives and contribute to happiness through food over the next 100 years. On the other hand, under its vision of being "Corporate Group Creating Future Trends," Senko aims to be "a corporate group fostering people and supports people's lives, (to) contribute to achieve a genuinely productive global society by continuously challenging efforts to create new trends in terms of products and services that shift the future." With logistics as its foundation, Senko positions "connection" as a key concept-connecting supply chains, connecting all kinds of businesses, connecting the world, and connecting to the next generation-and is actively taking on diverse business challenges to achieve sustainable growth.
Based on the shared foundation of over a century of corporate culture, the two companies have agreed to enter into this strategic partnership agreement. Through the organic integration of their respective management resources, the partnership aims to enhance and strengthen the sustainability of logistics functions, as well as to improve corporate value through co-creation in non-logistics fields. The following series of logistics-related operations to be conducted jointly or cooperatively by the Company and Senko: Sharing of transportation and delivery functions owned by Senko.
Mutual utilization of logistics bases held by both companies. Mutual provision and exchange of logistics expertise. Utilization of Senko's personnel dispatch functions and sharing of personnel training systems. Joint advancement of strategies related to international operations.
Other logistics-related initiatives not specified above. Non-logistics business activities to be jointly or collaboratively conducted by the Company and Senko: Development of new products and services through collaboration with Senko's initiatives in areas such as after-school childcare, nursing care, and fitness, etc. Supplying foodstuff ingredients to various facilities and food service businesses/restaurants and utilizing feedback to develop new products and services.
Other collaborative efforts leveraging the combined assets and strengths of both companies.
