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Japan’s Warabeya shares drop after cockroach found in 7-Eleven rice balls By Reuters

August 7, 2023
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Japan's Warabeya shares drop after cockroach found in 7-Eleven rice balls
© Reuters. FILE PHOTO: Staff work at a 7-Eleven comfort retailer in Tokyo, Japan December 6, 2017. REUTERS/Toru Hanai/File Picture

TOKYO (Reuters) – Japan’s Warabeya Nichiyo (TYO:) noticed its shares lose greater than 4% on Monday after the meals maker disclosed two cases of cockroaches being discovered inside its rice that have been offered at a 7-Eleven comfort retailer final week.

Warabeya Nichiyo stated it had acquired two separate notices that plum-flavoured rice balls made at a subsidiary’s manufacturing unit and offered at a 7-Eleven comfort retailer in Saitama, north of Tokyo, contained the pest.

“We sincerely apologise for nice inconvenience and discomfort this has brought on to our prospects,” the Tokyo-based firm stated in a press release on Friday.

Its inventory ended down 4.4% after shedding as a lot as 8.6% at one level. The benchmark share common closed barely up on the day.

Warabeya Nichiyo stated it has recalled almost 2,000 rice balls made on the similar manufacturing unit and offered at 373 7-Eleven shops on Thursday and Friday.

The manufacturing unit’s manufacturing strains have been shut down and sanitised, it stated.

Shares of 7-Eleven proprietor Seven & i Holdings (TYO:) ended roughly flat.

 

 

 

 

 

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Tags: 7ElevenballscockroachDropJapansReutersricesharesWarabeya
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