Scandal-tainted Japanese confectionery company Fujiya has revealed that its cross-shareholding relationship with Morinaga & Co has been terminated.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


In 2005 the two confectioners entered into a tie-up agreement that saw each hold 5m shares in the other. Fujiya and Morinaga also shared joint distribution channels. The companies reached an agreement to end this relationship today (14 March).


Following a scandal concerning Fujiya’s use of out-of-date ingredients in the production of candy and cream cakes, the group has launched a business rehabilitation programme with quality control support from cake and bread manufacturer Yamazaki Baking.


Morinaga and Fujiya said that they will maintain normal business relations.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now