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Japan Foods says no sales cannibalisation among ramen brands; no intention of declaring special dividend

PC Lee Published on Sun, Jul 22, 2018 / 11:55 PM GMT+8

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SINGAPORE (July 22): Japan Foods Holding its Ajisen and Menya Musashi brands of ramen are unlikely to cannibalise each other in sales but instead contribute to the broadening of Singapore’s ramen offerings.

“The texture of the noodles, the type of soup base and the accompaniments and toppings all depend on the origins of the ramen. Both brands hail from different parts of Japan,” says Japan Foods, “Ajisen is from Kumamoto while Menya Musashi is from Tokyo. Both offer different tastes and connoisseurs of ramen appreciate these differences.”

Japan Foods was answering questions from the Securities Investors Association (Singapore) (SIAS) relating to the annual report for FY2018 as part of the group’s initiative to improve the quality of Annual General Meetings (AGM).

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Japan Foods says no sales cannibalisation among ramen brands; no intention of declaring special dividend