https://www.japantimes.co.jp/business/2023/12/18/companies/japan-tofu-maker-share-up/

 
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December 19, 2023
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The Japan Times
BUSINESS / Companies

Tofu-maker Yamami sees shares surge after automating ancient craft

 
Packages of tofu on the production line at the Yamami factory in
Oyama, Shizuoka Prefecture
Packages of tofu on the production line at the Yamami factory in
Oyama, Shizuoka Prefecture | Bloomberg
By Hideyuki Sano and Grace Huang
Bloomberg
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Dec 18, 2023

Many of Japan's tofu producers are struggling to stay in business,
even as people eat more of the plant-based source of protein. Not
Yamami, which is forecasting record profits thanks to automation and
mass production.

At its newest factory at the foot of Mount Fuji, the tofu-maker, one
of the few that's listed, can produce 15,000 units of the bean curd
each hour. That's several times more than its rivals, the company
says. Yamami is able to tap pristine groundwater with a stable
temperature at the site -- key for making tofu, an important part of
Japanese cuisine for centuries.

Yamami expects to post all-time high profits and revenue in its
financial year ending in June 2024. Its shares have soared 138% this
year, beating all 10 of its Japanese packaged-food peers according to
Bloomberg-compiled data, as well as the broad Topix and Nikkei 225
indexes. Its success stands in contrast to domestic competitors, who
are suffering as high resource prices worsen their already tight
margins.

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