Taipei, July 1 (CNA) The expansion plans of two Japanese businesses in Taiwan reflect the country's closer ties with Japan following an outpouring of help from Taiwan after the devastating March 11 earthquake in Japan last year.
Chen Chi-ying, an executive of Hands Tailung Creative Life Store, the sole agent of Japan-based Tokyo Hands in Taiwan, said Hands Tailung set up four more branches last year, reaching 12 stores in Taiwan, and plans to open more branches this year.
The company's sales are estimated to grow by 30 percent in the first half of 2012, Chen said.
In addition, Hands Tailung and its Japan headquarters co-funded and opened the first Hand Tailung store in Shanghai in April, Chen said, adding that they will continue to cooperate in the business in China.
Meanwhile, Monteroza Co., Ltd., Japan's largest izakaya (sake bar) chains, will enter the Taiwan market this year, announced Monteroza Managing Director Masaru Kawaguchi.
Monteroza, which runs over 1,900 stores with its more than 20 brands across Japan, had operated in Taiwan for a short period before pulling back 12 years ago.
Kawaguchi said the group is set to open three restaurants in Taipei, Taichung and Kaohsiung and plans to expand to 100 by opening 15 restaurants per year.
Further, he did not rule out the possibility of having Taiwanese capital invest in the company.
(By Yang Su-min and Nell Shen)