About Next Meats Holdings

Next Meats Holdings, Inc. develops and sells alternative meat products, with ingredients derived from predominantly, plant based materials. The company’s subsidiaries include Next Meats Co., Ltd.; Next Meats USA, Inc.; Next Meats HK Co. Limited; and Next Meats (S) Pte. Ltd. The company’s principal focus is on the creation of plant-based food products to replace traditional animal products, while retaining the taste and texture of the original. The company combines vegetable proteins such as soybeans and peas and mold them with heat and pressure to create a unique texture and flavor. The company produces its products only in certified food factories. To ensure that its products are safe, the company produces them in clean food factories certified by the Japan Food Safety Management Association (JFS), HALAL, etc., for thorough quality control. The company is also exporting more and more of its products overseas as time progresses. The company intends to maintain ongoing relationships and agreements with local manufacturers for as long as they remain certified by JFS, HALAL, etc. and meet its rigorous safety and cleanliness standards. NEXT Burger 2.1- The NEXT Burger is a meat (plant-based) patty made by combining the proteins of peas and soybeans. NEXT Gyudon- Gyudon, also known as a beef bowl, is a Japanese dish traditionally consisting of a bowl of rice topped with beef and onion simmered in a mildly sweet sauce flavored with dashi, soy sauce and mirin. The NEXT Gyudon is made from processed soybeans and natural seasonings, without using any animal ingredients and without adding chemical seasonings. NEXT Yakiniku- The world's first plant-based Yakiniku barbecue meats have two types, the Short-rib, and the Skirt-steak. The textures slightly vary but they both have a non-intrusive, lightly sweet and savory flavor which makes it extremely versatile. The NEXT Yakinikus are excellent grilled and topped on rice or in a stir fry, or in tacos, and in an endless possibility of dishes. NEXT Tuna- The NEXT Tuna is 100% botanical and low in fat cholesterol. It is available in a can and there is no need to drain oil or water. The vegetable protein for the Next Yakiniku is formed in a twin-screw extruder, then dried, boiled, fried, and seasoned. Finally, it is heat sterilized and frozen. The Next Burger and Next Gyudon also use processed soy that comes out the extruder but they are cooked differently afterwards. The main ingredient for the company’s products is predominantly soybeans. Different varieties of soybeans and production areas are used for different products to give them varying textures and colors. The products are all sold frozen with the exception of the canned Next Gyudon, and they are all classified as processed soy products. In some stores, depending on the results of the bacteria count test, the product can be sold in the chilled zone in the fridge (5?). Other than the main ingredient, soybeans, the other part of the product is the seasoning, such as yakiniku sauce, beef bowl sauce, and herb seasoning. Trademarks In Taiwan, the company has trademarked its ‘NEXT Yakiniku’ product. Additionally, the company’s name, ‘Next Meats’ is trademarked in the United States, Japan, China, and Taiwan. Distribution The company distributes its products through several wholesale companies, while also selling directly through its website. The USA version of the company’s website can be viewed at the following link: https://www.nextmeatsusa.com/. The company has accounts with Kokubu and NIPPON ACCESS, two of the largest food wholesalers in Japan, and they distribute its products to restaurants and supermarkets throughout the country. As a result of its wholesale and distribution channels, the company’s products are widely distributed in supermarkets and restaurant chains as an alternative meat brand. Notably, several of its food products can be found in Wayback Burgers’ Japanese Restaurant locations. These Wayback Burgers locations are owned and controlled by WB Burgers Asia, Inc. Collaborative Efforts In 2020, Next Meats Co., Ltd. entered into a Joint Development Agreement with Euglena Co., Ltd. with the intent to jointly develop artificial meat products containing Euglena. The company is working on developing a burger patty alongside Euglena Co., Ltd. In 2021, Next Meats Co., Ltd. entered into a Joint Research Agreement with Nagaoka University of Technology. In 2021, the company, through its wholly owned subsidiary Next Meats Co., Ltd., entered into and consummated a Collaboration Agreement with Dr. Foods Co., Ltd., a Japan company and wholly owned subsidiary of Dr. Foods, Inc., a Nevada Company, that shares common management with the company, to co-develop new food products and subsequently offer them for sale. Dr. Foods Co., Ltd. operates in the plant-based food industry. In 2023, Next Meats Co., Ltd. and Van Gelder, a Netherlands Company, signed an exclusive distribution contract which enables them to start importing Next Meats products from Japan, and selling in European markets starting from April 2023, with Bidfood and Van der Valk Hotel as the first customers. The primary product of relevance to this agreement is the Next Short Rib 2.0 also called Next Kalbi. History Next Meats Holdings, Inc., formerly known as Turnkey Solutions, Inc., was incorporated in 2020.