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The latest announcement is out from Eternal Hospitality Group Co.,Ltd. ( (JP:3193) ).
Eternal Hospitality Group Co., Ltd. announced the establishment of a wholly-owned subsidiary in Vietnam, aiming to expand its yakitori business in the Southeast Asian market. The new subsidiary, ETERNAL HOSPITALITY VIETNAM Co., Ltd., will open YAKITORI DAIKICHI brand restaurants in Hanoi to assess local demand and market characteristics, which will inform a broader expansion strategy for the TORIKIZOKU brand. This move is part of the company’s vision to create a ‘Global YAKITORI Family’ and leverage the growing food service market in Vietnam, although the financial impact on the company’s results is expected to be minimal.
More about Eternal Hospitality Group Co.,Ltd.
Eternal Hospitality Group Co., Ltd. operates in the hospitality industry, focusing on promoting Japanese yakitori culture globally. The company is expanding its business into international markets, including the U.S. and East Asia, with a particular emphasis on yakitori restaurants.
Average Trading Volume: 78,513
Technical Sentiment Signal: Buy
Current Market Cap: Yen36.56B
For a thorough assessment of 3193 stock, go to TipRanks’ Stock Analysis page.