ANGIMEX - KITOKU LIMITED COMPANY

A Leading Player in Vietnam’s Rice Processing Industry

ANGIMEX - KITOKU LIMITED COMPANY (CÔNG TY TNHH ANGIMEX - KITOKU) is a foreign direct investment (FDI) enterprise specializing in rice processing and starch manufacturing. Established on July 22, 2008, the company has over 16 years of experience in Vietnam’s agricultural and food processing sector. Its headquarters is strategically located at National Road 91, Thanh An Cluster, My Thoi Ward, Long Xuyen City, An Giang Province, Vietnam, an area known for its rich rice production. The company is a joint venture between Kitoku Shinryo Co., Ltd. (Japan), which holds 67.04% ownership, and Angiang Import-Export Company (Vietnam), which owns 32.96%.

Business Operations & Leadership

ANGIMEX - KITOKU operates as a limited liability company with a business registration number of 1600190202and a Tax Identification Number (TIN) of 1600190202. The company is managed by Director Mr. Takashi Ryujin, a Japanese national, with financial oversight handled by Chief Accountant Ms. Duong Thuy Nhung, a Vietnamese national. It employs 100 staff members, specializing in rice processing, starch manufacturing, and wholesale trade of agricultural products.

The company’s core business revolves around processing high-quality rice, including Japonica rice, Japanese brown rice, Jasmine rice, glutinous rice, fragrant rice, and long-grain rice. These rice varieties cater to both domestic consumption and export markets, particularly Japan, South Korea, and Europe. Additionally, the company engages in the manufacture of starches and starch products, a critical component in food processing, pharmaceuticals, and industrial applications.

Financial Performance & Market Growth

ANGIMEX - KITOKU has demonstrated steady financial performance over the years. As of December 31, 2023, the company’s total assets were valued at $7.91 million, reflecting a slight decline of 2.06% from the previous year. However, total sales increased by 13.49%, reaching $16.12 million, signaling strong market demand and expanded sales channels. The company’s net profit improved by 3.53%, reaching $466,973, while equity increased by 8.56% to $4.26 million, highlighting financial stability despite industry fluctuations.

Compared to previous years, the company has made significant strides in profitability. In 2021, the company reported a loss of $114,342, but in 2022, profits rebounded sharply to $451,048, marking a 494.47% increase. This growth trend continued into 2023, with profits rising by an additional 3.53%, demonstrating effective cost control and revenue expansion.

Competitive Advantages & Market Position

• Strategic Location: Based in An Giang Province, one of Vietnam’s top rice-producing regions, ANGIMEX - KITOKU has direct access to high-quality raw materials, reducing production costs and ensuring superior product quality.
• Strong Japanese Partnership: With Kitoku Shinryo Co., Ltd. as the majority shareholder, the company benefits from advanced rice processing technology, international trade expertise, and a well-established export network.
• Diverse Product Portfolio: The company’s specialization in premium rice varieties allows it to cater to high-end markets, including export-quality rice for Japan and other developed countries.
• Sustainable Growth: Despite fluctuations in the agricultural sector, the company’s revenue and equity continue to grow, reinforcing its long-term stability and investment potential.

Challenges & Industry Risks

• Market Price Volatility: The global rice market is highly susceptible to price fluctuations, weather conditions, and government regulations, which could impact profit margins and supply chain stability.
• Increased Competition: Vietnam’s rice processing industry is becoming increasingly competitive, with local and international firms vying for market share. Maintaining product quality and pricing competitiveness will be crucial.
• Sustainability Regulations: With growing environmental concerns and stricter agricultural policies, the company must adapt to sustainable farming and processing practices to meet international trade standards.

Future Prospects & Investment Potential

ANGIMEX - KITOKU is well-positioned for continued growth in Vietnam’s agricultural processing sector. With a steady increase in sales and profits, the company demonstrates strong business fundamentals and expansion potential. As global demand for high-quality rice grows, the company is expected to strengthen its export network and introduce value-added products to enhance profitability.

With its Japanese backing, strategic location, and expertise in rice processing, ANGIMEX - KITOKU remains a key player in Vietnam’s rice export industry. The company’s ability to adapt to market trends, implement sustainable practices, and expand its customer base will be crucial in securing its position as one of Vietnam’s leading rice processing companies.