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TYO:3397

4 stories mentioning TYO:3397

Every FINWIRES story that references TYO:3397, newest first.

Asia

Toridoll UK Unit Advances Restructuring After Creditor Vote

Toridoll (TYO:3397) said creditors approved a restructuring plan for UK subsidiary Franco Manca 2 UK under a company voluntary arrangement process, according to a Thursday filing on the Tokyo Stock Exchange.The restructuring plan cleared a creditors' meeting held on May 5 after meeting approval requirements under UK insolvency law.Franco Manca 2 UK, a subsidiary of The Fulham Shore, will continue restructuring operations under the approved plan while maintaining business operations.

TYO:3397
Asia

Toridoll UK Unit Sells Assets to Karali Group in Insolvency Process

Toridoll (TYO:3397) said its UK subsidiary, The Real Greek Food Company, executed an asset purchase agreement with Karali Group under insolvency proceedings, according to a Thursday filing on the Tokyo Stock Exchange.The Real Greek Food Company entered into Administration proceedings last week as part of a restructuring process at The Fulham Shore, a consolidated Toridoll subsidiary.Karali Group, which operates restaurant and hospitality businesses mainly in the UK, will acquire the business and related assets. Toridoll said the transaction will support business continuity and employee succession. Toridoll expects The Real Greek Food Company to exit its consolidation scope after the asset transfer.

TYO:3397
Asia

Japan Shares Rise as Policymakers Flag Stability amid Global Uncertainty

Japanese shares closed higher on Thursday, supported by policy reassurance after Finance Minister Satsuki Katayama said she flagged currency volatility and broader market swings to G7 counterparts.The Nikkei 225 rose 2.4%, or 1,384.10 points, to close at 59,518.34.Central banks are largely adopting a wait-and-see stance on policy amid uncertainty over the Middle East conflict and the impact of rate moves on growth, Finance Minister Satsuki Katayama said after a G7 meeting.Bank of Japan Governor Kazuo Ueda also attended, though Katayama did not comment on implications for rate decisions.On the corporate front, SoftBank Group (TYO:9984) jumped 5% after pricing about 516.8 billion yen in dollar and euro senior notes to refinance debt and fund OpenAI-related investments.Toridoll (TYO:3397) fell 1% after saying it will restructure its UK unit via a company voluntary arrangement to cut costs and improve profitability.Daikin Industries (TYO:6367) surged 9% after Elliott flagged undervaluation and pushed for margin gains, higher returns and a review of non-core assets.

Nikkei 225TYO:3397TYO:6367TYO:9984
Asia

Toridoll Unit to File for Restructuring in UK amid Cost Pressures

Toridoll (TYO:3397) will pursue restructuring proceedings for a UK subsidiary operating the Franco Manca pizza brand to improve profitability, according to a Thursday filing on the Tokyo Stock Exchange.The plan involves filing for a company voluntary arrangement to revise lease terms for underperforming stores and optimize the portfolio.The move follows a weaker-than-expected recovery after the 2023 acquisition of Fulham Shore, as inflation, higher energy and food costs, and rising wages weighed on margins.The subsidiary had total liabilities of about 6.0 billion yen as of end-March 2025.

TYO:3397