KIBUN FOODS, which is known for its "kneaded foods" such as kamaboko and hanpen, is listed on the first section of the Tokyo Stock Exchange on the 13th, 83 years after its founding, with the aim of expanding sales overseas while the domestic market is sluggish. Was listed.
On the 13th, Chairman Kunihito Hoashi of KIBUN FOODS visited the Tokyo Stock Exchange and struck a bell to celebrate the listing of shares.
Immediately after the start of the transaction at 9:00 am, the initial price was 1271 yen per share, which is about 10% higher than the selling price of 1160 yen before listing.
Kibun Foods is a long-established store that was founded as a food store in Hatchobori, Tokyo in 1938, and started manufacturing processed marine products, which is the current core business, in 1947 after the war.
The aim of listing shares for the first time 83 years after its founding is to expand production facilities and expand overseas sales with the funds obtained from the listing while the domestic market is sluggish.
Due to growing health consciousness, sales of noodles with reduced sugar are strong in the United States, and crab sticks are being sold overseas against the backdrop of the Japanese food boom, and we would like to further leverage it.
KIBUN FOODS commented, "I feel that there are great expectations from investors, and we will continue to make efforts in the future."