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    8002   JP3877600001

MARUBENI CORPORATION

(8002)
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Marubeni Corporation : - Ministry of the Environment Adopts Proof of Concept for 'edish' Upcycled Tableware

09/16/2021 | 10:39am EDT

Marubeni Corporation (hereinafter, 'Marubeni') is working on a 'Consideration of various utilizations of upcycled dishes called 'edish,' and demonstration of their molding and composting technology' (hereinafter, the 'PoC').

The PoC has been adopted under the Japanese Ministry of the Environment's 'Demonstration Project for a Plastic Resource Circulation System toward a Decarbonized Society'.

'edish' is a sustainable and circulate tableware company born from Marubeni's Business Plan Contest held in 2019. Marubeni uses unique technology to upcycle food waste materials such as food skins (until now a rarely utilized piece of food waste) into tableware. edish aims for further upcycling by composting the edish tableware collected after use, together with kitchen waste, to nourish soil and put it back into the dining cycle as vegetables and flowers.

The purpose of ths PoC is as follows

By using edish materials for all disposable items used for meals, the need for sorting waste can be reduces and convenience for users can be improved.

The collected edish will be monitored for the amount of food waste, the composition of the resulting compost will be measured, and the emissions from fermentation and decomposition during processing will be verified.

The resulting edish compost will be used by an agricultural corporation to grow vegetables. This will confirm its effectiveness (nutritional value) as compost.

Contact:

Tel: 91-11-4129-5555

Fax: 91-11-4129-5585

(C) 2021 Electronic News Publishing, source ENP Newswire

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Analyst Recommendations on MARUBENI CORPORATION
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Financials
Sales 2022 7 126 B 62 287 M 62 287 M
Net income 2022 327 B 2 863 M 2 863 M
Net Debt 2022 1 776 B 15 521 M 15 521 M
P/E ratio 2022 5,12x
Yield 2022 4,84%
Capitalization 1 671 B 14 636 M 14 606 M
EV / Sales 2022 0,48x
EV / Sales 2023 0,47x
Nbr of Employees 42 882
Free-Float 97,2%
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Marubeni Corporation Technical Analysis Chart | 8002 | JP3877600001 | MarketScreener
Technical analysis trends MARUBENI CORPORATION
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Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 962,00 JPY
Average target price 1 091,82 JPY
Spread / Average Target 13,5%
EPS Revisions
Managers and Directors
Masumi Kakinoki President, CEO & Representative Director
Takayuki Furuya CFO, Representative Director & Head-IR
Fumiya Kokubu Chairman
Mutsumi Ishizuki Representative Director & Chief Compliance Officer
Takao Kitabata Independent Outside Director
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