Business · Companies · 16 hrs ago
Nitto Corn halts business and prepares to file for bankruptcy
Nitto Corn stopped its business on November 2 and began preparing a bankruptcy filing.
The company was established in Tokyo in 1961 and made ice cream cones and other sweets.
Its factory in Osaki, Miyagi, employed about 30 people.
Nitto Corn also sold frozen desserts and had routes to major ice cream makers.
Its annual sales were about ¥2.2 billion in the early 1990s, but sales for the year ending December 2025 were about ¥528 million.
Staff shortages and worsening profitability put pressure on the business.
The company’s reported debt is about ¥290 million, and it is preparing to file for bankruptcy.
Nitto Corn stopped operating and began preparing to file for bankruptcy by November 2.
The company made ice cream cones and other sweets at a factory in Osaki, Miyagi Prefecture.
It was established in Tokyo in 1961 and had about 30 employees at its Osaki factory.
The company’s sales fell amid staffing shortages, while its business became unprofitable.
Its liabilities total about 290 million yen.
- Who
- Nitto Corn, a sweets manufacturer established in Tokyo in 1961.
- What
- It stopped business and began preparing to file for bankruptcy.
- When
- By November 2, 2026.
- Where
- The company was headquartered in Chuo, Tokyo, and had a factory in Osaki, Miyagi Prefecture.
- Why
- Staffing shortages and worsening profitability contributed to financial difficulties. Its funding reached its limit.
This story does not have two clearly opposing sides.
Nitto Corn was established in Tokyo.
The company established its Sendai factory in Sanbongi, Osaki.
Nitto Corn stopped operating and began preparing to file for bankruptcy.
- Established
- 1961
- Factory
- Osaki, Miyagi Prefecture
- Employees
- About 30 at the Osaki factory
- Sales
- 527.78 million yen for the year ending December 2025
- Liabilities
- About 290 million yen