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Develop recycling technology and manufacture and sell recycled products
Invested in "JEPLAN, INC."
Euglena Co., Ltd.
Euglena Co., Ltd. (Headquarters: Minato-ku, Tokyo, President: Mitsuru Izumo) is pleased to announce that it has invested in JEPLAN, INC.
In recent years, resource demand has increased worldwide and the problem of depletion of natural resources has become more serious, and the formation of a recycling-oriented society to replace the mass production, mass consumption, and mass disposal type society has become an important issue.
JEPLAN, Inc. has a management philosophy of "forming an economically independent circular economy", and by building a recycling infrastructure, it has a series of conventional "make, sell, use, throw away". It is a venture company that aims to change from economic activity to new economic activity of "collecting, making, selling, collecting again". Specifically, we are developing a project to collect and recycle used clothing, plastics, and mobile phones, and also recycle bioethanol from cotton fibers contained in the collected clothing and from polyester fibers. Manufactures polyester.
Based on our management philosophy of "Health for people and the earth," we are developing an energy / environmental business such as biofuel development and a healthcare business that manufactures and sells health foods and cosmetics that utilize Euglena doing. Through this investment, we plan to work with JEPLAN, Inc. to consider collaboration centered on the biofuel field toward the realization of a sound material-cycle society.
The details are as follows.
About investment in JEPLAN, INC.
■ Overview of JEPLAN, INC.
| (1) Name | JEPLAN, INC. |
| (2) Location | 3-2-5 Kasumigaseki, Chiyoda-ku, Tokyo Kasumigaseki Building 25F |
| (3) Title and name of the representative | President and CEO Masaki Takao |
| (4) Business content | Recycled polyester manufacturing business Mobile phone recycling business Environmental consulting business |
| (5) Date of establishment | January 2007 |
■ Overview of shares to be acquired
In June 2018, we undertook a part of the capital increase through third-party allotment implemented by JEPLAN, INC. And acquired the common stock of JEPLAN, INC.
■ Future outlook
The impact on the Company's consolidated financial results for the fiscal year ending September 2018 will be minor.
-Contact for inquiries from the press-
Euglena Co., Ltd. Corporate Communication Division