2020.02.28NewsMusashi Seimitsu Industry Co., Ltd. (Global Headquarters: Toyohashi-city, Aichi, Japan; President and CEO: Hiroshi Otsuka) has entered into a partnership by investing in Waphyto Co., Ltd. (Headquarters: Toyohashi, Aichi; CEO: Ms. Atsuko Morita), developing inner and outer care products made from botanical phytochemicals of East Mikawa: the eastern region of Aichi Prefecture. Musashi has acquired 49% of its shares through third-party share issuance and will participate in its management.
Ms. Atsuko Morita, a leading authority on phytotherapy in Japan, has found soil of East Mikawa is globally-rare and effective to develop botanical phytochemicals and she confirmed the local plants such as mulberry, chrysanthemum, and Gotu Kola are very rich in the ingredients with antimicrobial activity and antioxidative effect. Ms. Morita has a unique patent to extract such active botanical ingredients from such plants very purely and effectively to develop into cosmetics and foods. Waphyto is aiming to contribute to the local society and human health by establishing Eastern Mikawa brand cosmetics with local botanical phytochemicals through promoting them to the global market.
Musashi, located in Easter Mikawa, believes it is our vision to contribute to resolve social issues such as declining of population in local area including farmers. By joining Waphyto, Musashi is going to support to develop the local brand products to revitalize the local society by connecting Waphyto with Musashi’s own agricultural network including Agri Trio, an in-house startup, and Monarch: a Silicon Valley partner developing electrified smart tractors.
■Related Website and Release
Agri Trio Website
Musashi Seimitsu Industry Co., Ltd. is a global auto parts Tier1 company for automobiles and motorcycles, whose headquarters is located in Toyohashi, Japan. It has 34 manufacturing sites spreading across Europe, North and South America, China, and South East Asia. Musashi specializes in designing, developing and manufacturing products such as Differential Assemblies, Transmission Gears and Assemblies, and Linkage and Suspension (L&S) products especially for the future automobiles including electrified and autonomous driving vehicles. Musashi is also generating and expanding new businesses through open innovation with global startups to contribute to the SDGs in wider business domains. MusashiAI, a leading-edge AI technology subsidiary to lead Industry 4.0, is one of the examples.
Musashi Website: http://www.musashi.co.jp/en/
Musashi AI Website : https://www.musashi.ai/
Waphyto Co., Ltd. was established at Toyohashi, Aichi, Japan, on November 2019 as a 100% subsidiary of St Louis International Co., Ltd, (Headquarters: Nakameguro, Tokyo CEO: Ms. Atsuko Morita, Website: http://stlouis.co.jp/) who researches, develop, educates, manufactures and sells products and services related to Phytotherapy. Waphyto is deploying inner and outer care brand products of bio-methodologies with oriental phytology and phytotherapy.