Ichibanya shares reached a limit-up indication during the morning session, following reports that House Foods Group was considering selling its stake in Ichibanya. Developments surrounding the parent-subsidiary listing structure are also being discussed, drawing attention to what happens next.
Ichibanya, which operates Curry House CoCo Ichibanya, attracted buying interest as its shares stood at a bid indication of ¥1,091 at the end of the morning session, up ¥150 from the previous day. Nikkei’s online edition reported that House Foods Group was considering selling its stake in the company, prompting wider speculative buying. Ichibanya has worked with House Foods Group on areas including raw-material procurement since becoming its subsidiary in 2015, but the company may move toward reviewing its business portfolio and raising capital efficiency.
Related reports have also discussed unwinding the parent-subsidiary listing structure, prompting views that the company’s shareholding structure could be reorganized going forward. The information was provided by Wealth Advisor, which stated that subsequent reports could affect the share price.