From snacks to tea, Japan food makers eye US plants to avoid tariffs
YUME NAMEKATA, KEI KIMURA and YUIYA SHIBATA
TOKYO/NIIGATA, Japan -- Japanese food manufacturers are exploring U.S. production to mitigate pricing and supply chain risks posed by looming tariffs imposed by the Trump administration that could reach 24% or higher.
Ginbis, a confection maker in Tokyo, is considering locating production capacity in the U.S. for its Tabekko Dobutsu animal crackers as well as its chocolate-flavored corn puffs, Shimi Choco Corn.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Nikkei Asia
2 hours ago
- Nikkei Asia
Foreign entrepreneurs fuel innovation in Kyoto
Number of funded startups in Kyoto nearly doubled to 79 last year from 44 in 2014, according to a report by Initial Inc., a Japanese startup information platform. (Photo by Toshiki Sasazu) Nikkei staff writers TOKYO -- Foreign entrepreneurs are blending tradition and technology in Kyoto, as Japan seeks to attract international talent and boost its startup ecosystem. The nascent trend suggests a model for how traditional industries can find new relevance through technological integration.
Asahi Shimbun
3 hours ago
- Asahi Shimbun
Japanese game maker Nintendo reports robust profits on strong Switch 2 sales
Nintendo, the Japanese video game maker behind the Super Mario and Pokemon franchises, reported an 18.6% surge in net profit for the first fiscal quarter Friday on the back of strong demand for its new Switch 2 console. Kyoto-based Nintendo Co.'s April-June profit totaled 96.03 billion yen ($640 million), up from nearly 81 billion yen. Quarterly sales more than doubled to 572.36 billion yen ($3.8 billion). Nintendo said it sold 3.5 million Switch 2 game consoles globally on the first four days after it hit store shelves June 5, a record pace for a Nintendo game machine. Its sales continue to be strong, it said. The company said the new console's higher price added to sales growth momentum. The new version sells for about $450 compared to $300 for the previous Switch when it first went on sale in 2017. Especially popular games included 'Mario Kart World' and 'Donkey Kong Bananza.' 'Pokemon Friends,' which went on sale last month for the older Switch, can be also played on the new Switch. The Switch works both as a handheld portable machine and as a home console. Nintendo stuck to its forecast to sell 15 million Switch 2 machines through this fiscal year. Nintendo left unchanged its profit forecast for the year through March 2026, at 300 billion yen ($2 billion) profit, up nearly 8% on year. Nintendo stock, which has steadily climbed in the past year gaining more than 50%, edged down nearly 1% before earnings were announced. There are some worries about the impact of President Donald Trump's tariffs on Japanese exports, but that did not appear to affect Nintendo's overall projections.
Nikkei Asia
3 hours ago
- Nikkei Asia
Japan's beef, seafood producers pin hopes on resuming China exports
Beef is a key part of Japan's goal of growing farm exports. (Photo by Atsushi Kato) KOSUKE SHINOHARA, MASAMITSU ITO and TAKUMI SASAKI TOKYO/KAGOSHIMA, Japan -- China's move toward resuming imports of Japanese beef for the first time in 24 years is raising hopes in Japan's livestock regions, with producers eyeing the Chinese enormous market as their home one shrinks and U.S. tariffs cause global trade turmoil. China suspended such imports in 2001, following the spread of bovine spongiform encephalopathy in Japan. But a bilateral animal health and quarantine agreement took effect July 11, Japan's Foreign Ministry said.
