House Foods to Sell Ichibanya, Nihon Gas Announces Stock Split and Dividend Increase

Corporate ActionPrice Action
โดย ダイヤモンド・ザイ·JP·Read original
Summary · why it matters

On August 31, the Nikkei average on the Tokyo stock market fell, dropping more than 1,500 points at one point due to hawkish comments from the U.S., but it showed signs of recovering. Among the stocks in focus, House Foods Group announced that it is considering selling its subsidiary Ichibanya, and Ichibanya shares surged on expectations of a takeover premium. Additionally, Nifco announced a share buyback of up to 8.3 million shares, equivalent to 8.88% of its total issued shares, for up to 40 billion yen, and its stock price rose. Nihon Gas announced a 1-for-3 stock split and an increase in its year-end dividend, attracting investor interest.

Impact on stocks 4

Consumer Discretionary · 2 stocks
Nifco Inc.
7988
▲ PositiveCapitalrelevance

Nifco announced a buyback of up to 8.3 million shares for up to 40 billion yen.

Ichibanya Co., Ltd.
7630
▲ PositiveCapitalrelevance

Ichibanya shares surged on expectations of a takeover premium from House Foods' potential sale of the unit.

Energy Transition & Power Demand · 1 stocks
NIPPON GAS Co., Ltd.
8174
▲ PositiveCapitalrelevance

Nihon Gas announced a 1-for-3 stock split and an increased year-end dividend.

Consumer Staples · 1 stocks
House Foods Group Inc.
2810
± MixedCapitalrelevance

House Foods is considering selling its subsidiary Ichibanya, a divestiture/M&A event.