Do you want to start or expand your business in Japan? Buy a bankrupt company at a reasonable price.

 

Company Overview

 

- Founded: 1964

- Incorporated: July 1985

- Capital: 25 million JPY

- Industry: Manufacturing and wholesale of various konjac products, noodles, sesame tofu, and tokoroten

- Brand Name: Okawa / Yoshino's Taste

 

Business Operations

 

- Major Clients: Large distribution companies, supermarkets, food trading companies, and retailers

 

Financial Information

 

- Sales for April 2016: Approximately 4.5 billion JPY

- Liabilities:

  - Okawa Co., Ltd.: Approximately 2.8 billion JPY

  - Okawa Shoten Co., Ltd.: Approximately 1.5 billion JPY

 

Affiliated Company

 

- Name: Okawa Shoten Co., Ltd.

- Headquarters: 2212 Yomura, Shimoichi Town, Yoshino District

- Business Role: Raw materials procurement

- Representative: Same as the main company

  

Reasons for Bankruptcy

 

The company, a long-established konjac manufacturer, also engaged in the wholesale of noodles, sesame tofu, and tokoroten. It had numerous distribution channels with large retailers and food companies. However, several factors led to its downfall:

 

- In the 2010s, economic policies under Abenomics resulted in increased non-regular employment and part-time work, without a corresponding rise in wages.

- Changes in Japanese dietary habits led to a decline in demand for konjac, with more people opting for ready-made and instant foods over traditional dishes.

- Poor weather conditions caused a surge in raw material prices.

- The COVID-19 pandemic drove up fuel and utility costs, increasing production costs significantly.

- In July, a product sold to a supermarket developed an odor issue, leading to a recall in August. This damaged the company's reputation.

 

 

Facing persistent deficits and loss of credibility, the company decided to cease operations. The affiliated company, Okawa Shoten Co., Ltd., was also affected by this chain of events.

What are Konjac, Goma Dofu and Tokoroten?

 

What does this company produce?

 

こんにゃく (Konjac)

 

Description: 

Konjac is a traditional Japanese food made from the root of the konjac plant, also known as the devil's tongue or elephant yam. It is gelatinous and often used in Asian cuisine, particularly in Japan, as a low-calorie substitute for foods like noodles and rice.

 

Health Benefits:

 

1. Low in Calories: Konjac is extremely low in calories, making it a popular food for weight management.

  

2. High in Fiber: It contains glucomannan, a soluble fiber that can help improve digestion, promote a feeling of fullness, and regulate blood sugar levels.

 

3. Cholesterol Management: The fiber in konjac may help reduce cholesterol levels, contributing to heart health.

 

4. Blood Sugar Control: Glucomannan may help slow the absorption of sugars, aiding in blood sugar control for people with diabetes.

 

 胡麻豆腐 (Goma Dofu)

 

Description: 

Goma Dofu is a Japanese dish that resembles tofu but is made from sesame paste and kuzu (a type of starch). It has a smooth, creamy texture and is often served as part of a traditional Japanese meal.

 

Health Benefits:

 

1. Rich in Healthy Fats: Made from sesame seeds, Goma Dofu is a good source of healthy fats, particularly omega-6 fatty acids.

 

2. High in Protein: Provides plant-based protein, beneficial for muscle maintenance and overall health.

 

3. Contains Antioxidants: Sesame seeds are rich in antioxidants, which help protect the body from oxidative stress and reduce inflammation.

 

4. Mineral Rich: Goma Dofu is a source of important minerals such as calcium, magnesium, and iron, supporting bone health and energy production.

 

 ところてん (Tokoroten)

 

Description: 

Tokoroten is a traditional Japanese jelly made from agar-agar, a gelatinous substance derived from seaweed. It has a firm yet jelly-like texture and is often served as a cold dish, typically flavored with soy sauce or vinegar.

 

Health Benefits:

 

1. Low in Calories: Like konjac, tokoroten is low in calories, making it suitable for weight management.

 

2. High in Fiber: Agar-agar is high in soluble fiber, which aids in digestion, helps maintain a healthy gut, and can promote satiety.

 

3. Vegan and Gluten-Free: As it is made from seaweed, tokoroten is suitable for those on vegan and gluten-free diets.

 

4. Supports Digestive Health: The fiber in agar-agar can act as a prebiotic, supporting beneficial gut bacteria and promoting regular bowel movements.

 

These traditional Japanese foods are valued not only for their unique textures and flavors but also for their potential health benefits.