Japanese dairy products manufacturer Snow Brand Milk Products has said it has been granted a ¥30bn (US$250m) debt waiver from one of its main lenders to enable the troubled company to recover.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


Snow Brand will also issue new common shares worth ¥10.9bn for third party allotment and ¥20bn worth of preferred shares in debt-for-equity swaps.

The company said that the stock issues would allow Snow Brand to increase its capital and reduce debts, reported Agence France-Presse.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now