Ichitan Group or ICHI revealed during its earnings call that the company will adopt an asset-light strategy through business partners to expand production capacity to support growth over the next 3-5 years, without investing in new factories. Partners will build factories on adjacent land, with construction expected to be completed in October 2026 and operations starting in November 2026. Ichitan has the first choice right to purchase products at special prices without minimum purchase commitments. Meanwhile, the company has raised its alkaline water sales target for this year to 1.14 billion baht from the previous target of 1 billion baht, and aims to expand to 1.6 billion baht next year, inspired by trends in Japan and Taiwan where sales have reached all-time highs. Additionally, the company maintains its full-year gross margin target of no less than 23.5% and net margin of no less than 14-15%, while continuing to study M&A opportunities using the company's working capital.
Ichitan Group Public Company LimitedRaised alkaline water sales target to 1.14B baht this year and 1.6B baht next year, signaling stronger end-customer demand.
