Glico Explained

Ezaki Glico Co., Ltd.
Native Name:江崎グリコ株式会社
Native Name Lang:ja
Romanized Name:Ezaki Guriko Kabushiki-gaisha
Type:Public
Parent:Mondelez International
Foundation:Nishi-ku, Osaka, Japan [1]
Location City:Nishiyodogawa-ku, Osaka
Location Country:Japan
Key People:[2] (chairman)
Etsuro Ezaki (President and CEO)
Industry:Food manufacturing
Revenue: ¥338,437 million
US$3,003,531 thousand
(112.68 yen/US dollar, March 2016)
Operating Income: ¥17,110 million
US$151,850 thousand
(112.68 yen/US dollar, March 2016)
Net Income: ¥14,364 million
US$127,478 thousand
(112.68 yen/US dollar, March 2016)
Assets: ¥274,974 million
US$2,440,311 thousand
(112.68 yen/US dollar, March 2016)
Equity: ¥179,151 million
US$1,589,917 thousand
(112.68 yen/US dollar, March 2016)
Num Employees:4,961 (consolidated, March 2016)
Products:Confectioneries, ice cream products, processed food
Subsid:Glico Nutrition Co., Ltd.
Icreo Co., Ltd.
and others

, commonly known as Glico, is a Japanese multinational food processing company headquartered in Nishiyodogawa-ku, Osaka. It does business across 30 countries, in North America, Asia-Pacific and Europe.

Overview

Ezaki Glico's primary business is manufacturing confectionery products such as chocolate, chips, chewing gums and ice cream, and dairy products. Additionally, Glico manufactures processed foods, such as curry stocks and retort takikomi gohan pouches, and dietary supplement products. Glico's main competitors are Meiji Seika, Lotte, Morinaga, Fujiya and in the confectionery business and House Foods, Meiji and S&B Foods in the processed food business.

Ezaki Glico is a member of Midori Kai, a group of companies whose main financier was Sanwa Bank (later merged into the Bank of Tokyo-Mitsubishi UFJ).

Corporate message

History

Japan

In 1919, Riichi Ezaki created a caramel candy product containing glycogen extracted from oysters. The caramel candy product was named "Cuchieco". The sales copy for this product was "300 Meters in a Single Piece," and a running man was painted on the package.[3] On February 11, 1922, Riichi started selling Glico products at the Mitsukoshi Osaka branch.

Later, in 1922, Riichi established a company, Ezaki Glico Co., Ltd. Glico is the shortened word for glycogen.[4] Its Osaka and Tokyo factories were destroyed during World War II, and they were reopened in 1951. Popular products like Pretz and Pocky were introduced in 1963 and 1966, respectively.

In 1984, the Glico Morinaga case, a series of criminal incidents targeting Japanese major food manufacturers, occurred. Ezaki Glico and other victims were targeted by a group known as "The Monster with 21 Faces." The group claimed that $21 million ($2.26 billion yen) worth of sweets was laced with potassium cyanide soda, while Katsuhisa Ezaki(jp), president and CEO, was kidnapped but escaped by himself. Ezaki Glico was blackmailed and its office was burned by the criminals.

Products

Ezaki Glico manufactures a wide variety of products. Major products are listed here. [5]

Confections

Dairy products

Ice-cream products

Processed foods

Baby formula

Advertisement

Ezaki Glico's large LED sign located above Dōtonbori in Osaka has been a landmark of the city since its initial construction in 1935. It bears the Glico running man on a blue race track, as well as some of Osaka's other landmarks in the background. The giant neon sign has been revised on several occasions in order to celebrate events such as the World Cup and to bolster team spirit for Osaka's baseball team, the Hanshin Tigers. As the sign is quite well known, it has long been a popular photo stop for tourists as well as locals.

Ezaki Glico was also the main sponsor of the anime series Tetsujin 28 (1963–1966, the original Japanese version of Gigantor).

See also

References

Materials

External links

Notes and References

  1. The date when Riichi Ezaki started selling his first product "Glico" caramel. Ezaki Glico Co., Ltd. was established in February 1929, but it features February 11, 1922 as Glico group's "foundation date."
  2. Web site: Corporate Data . 2024-01-08 . 2024-01-08 . https://web.archive.org/web/20240108095209/https://www.glico.com/global/about/data/ . live .
  3. A piece of Glico is 15.4 kcal, enough energy to run exactly 300 meters. (Calculated from a formula stating that a person 165 centimeters in height and weighing 55 kilograms will burn 8.21 kcal running 160 metres in one minute. Over a period of 1.88 minutes, such a person would burn 15.4 kcal running 300 meters.)
  4. Ezaki Glico has been renamed several times. When established in 1929, the company name was Kabushiki-gaisha Ezaki. In 1934, it was renamed to Glico Kabushiki-gaisha and in 1943 it was renamed to Ezaki Glico Co., Ltd. In 1949, the company name was changed to Glico Kabushiki-gaisha again and in 1958 it was renamed to the current name.
  5. Unless otherwise noted, the explanation in this "Products" paragraph is based on Ezaki Glico Co., Ltd. 2017a, p. 37-42.

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