Japan's Warabeya shares drop after cockroach found in 7-Eleven rice balls
Reuters
Published Aug 07, 2023 03:54AM ET
TOKYO (Reuters) - Japan's Warabeya Nichiyo (TYO:2918) saw its shares lose more than 4% on Monday after the food maker disclosed two instances of cockroaches being found inside its rice that were sold at a 7-Eleven convenience store last week.
Warabeya Nichiyo said it had received two separate notices that plum-flavoured rice balls made at a subsidiary's factory and sold at a 7-Eleven convenience store in Saitama, north of Tokyo, contained the pest.
"We sincerely apologise for great inconvenience and discomfort this has caused to our customers," the Tokyo-based company said in a statement on Friday.
Its stock ended down 4.4% after losing as much as 8.6% at one point. The benchmark Nikkei 225 share average closed slightly up on the day.
Warabeya Nichiyo said it has recalled nearly 2,000 rice balls made at the same factory and sold at 373 7-Eleven stores on Thursday and Friday.
The factory's production lines were shut down and sanitised, it said.
Shares of 7-Eleven owner Seven & i Holdings (TYO:3382) ended roughly flat.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.