The goal of this study is to verify the correlation between the industrial organisation and the profitability of the food industry in Japan. Our analysis shows the profitability of
each upstream, midstream, and downstream industry using the concept of the smile curve. A quantitative analysis was performed using the B-to-B rate and operating income
margins of 32 industrial classifications. The results indicate that the profitability of midstream industries is lower than that of downstream food industries.
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Hiroshi Imahashi is a doctoral student in the Department of Management of Industry and Technology, Graduate School of Engineering at Osaka University, Japan. In 2016, he received a Master’s degree in Management of Technology from Ritsumeikan University, Kyoto, Japan. His main fields of research are food system and patent analysis and management of technology. He is a qualified librarian and museum curator.
Kiminori Gemba is a Professor at the Business School of Innovation Management at Hosei University. His research interests are innovation theories and strategic management. In 1992, he received a Master’s degree in engineering from the University of Tokyo. Subsequently, he joined the research division of Sanwa Research Institute. His work is focused on environmental management and new industry creation. He
received his Ph.D. from the University of Tokyo in 1999. Subsequently, he became a research associate and an associate professor at the University of Tokyo and a professor at Ritsumeikan University