Warabeya Nichiyo : (Revision of Disclosed Matter)_Notice Regarding the Business Expansion into the East Coast Area of the US and Establishment of a New Plant
March 04, 2022 at 07:36 am
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Translation
February 28, 2022
Company Name:
Warabeya Nichiyo Holdings Co., Ltd.
Representative:
Hiroyuki Otomo, Representative Director, President
(Securities code: 2918, Tokyo Stock Exchange First Section)
(Revision of Disclosed Matter) Notice Regarding the Business Expansion into
the East Coast Area of the U.S. and Establishment of a New Plant
Warabeya Nichiyo Holdings Co., Ltd. (hereinafter the "Company") has decided to revise a portion of the plan for the establishment of a new plant, which was announced in "Notice Regarding the Business Expansion into the East Coast Area of the U.S. and Establishment of a New Plant" on July 6, 2021, today as follows.
1. Details of Revision
Item
Initial Plan
After Revision
Approximately $44 million
Approximately $54 million
Total investments
(Approximately ¥4.8 billion)
(Approximately ¥6.2 billion)
(Land and buildings will be leased)
(Land and buildings will be leased)
Reason for Revision
The Company has revised the initial plan as it reviewed the plant layout, and because of the impact of rising construction material prices.
Future Outlook
This plan revision will not impact the consolidated results for this fiscal year.
Note: This English translation is provided solely for information purposes. Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.
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WARABEYA NICHIYO Holdings Co. Ltd. published this content on 04 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 March 2022 07:35:07 UTC.
WARABEYA NICHIYO HOLDINGS CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of cooked food such as cooked rice, cooked bread, prepared foods, and Japanese sweets, and the purchase, process and sale of food materials. The Company operates through five business segments. The Food related segment manufactures and sells cooked foods such as cooked rice, cooked bread, prepared meals, and Japanese sweets for convenience stores. The Food Ingredients segment is engaged in the purchase and sale of food materials for food makers. The Logistical segment is engaged in the provision of food related transportation. The Food Production Equipment segment is engaged in the sale, repair and maintenance of food production equipment. The Temporary Staffing related segment is engaged in temporary staff dispatch and other business contracts.
Warabeya Nichiyo : (Revision of Disclosed Matter)_Notice Regarding the Business Expansion into the East Coast Area of the US and Establishment of a New Plant
WARABEYA NICHIYO HOLDINGS CO., LTD. 
