NEWS RELEASE

MIRAI and CHIYODA CORPORATIONconcludes a business partnership agreement for the growing demand in the field of vertical farming business

February 1, 2019 (Fri.) MIRAI Co., Ltd. (headquarters: Kashiwa City, Chiba Prefecture “MIRAI” hereinafter) and CHIYODA CORPORATION (headquarters: Yokohama City, Kanagawa Prefecture “CHIYODA CORPORATION” hereinafter) have concluded a business partnership agreement in the field of closed type artificial light vertical farming business, to respond to the increasing demand for vegetable products and production systems.

MIRAI is a “producer” of vegetables in Japan, having large commercial scale vertical farms in Chiba (Kashiwanoha Factory) and Miyagi (Tagajo Factory). And by consistent efforts of producing and selling lettuces and herbs, MIRAI accumulates the know-how of vertical farm management, vegetable cultivation, and market development.

We recently issued a press release regarding a large commercial scale plant factory system in Moscow, Russia, while in China we have completed three systems installation from last year to this year.

MIRAI have strengths in vertical farm management and cultivation technology, and recently have started research and development of diversified vegetable production system in response to the growing market demand. Meanwhile, in the field of labor-saving hardware development and engineering that are suitable for countries with severe climate environments, the capability of MIRAI alone was limited while such demands have been ever more increasing. Therefore, to meet the demand, MIRAI decided to make the partnership with CHIYODA CORPORATION, which have profound achievements and experience in such field and recently have started focusing on vertical farming business.

—————————————————–To inquire about this news release—–

MIRAI Co., Ltd.
Administration Department
mirai@miraigroup.jp

CHIYODA CORPORATION
IR · PR · CSR Department
irpr@chiyodacorp.com