• Kyodo News


Snack food maker Calbee Inc. made its debut Friday on the first section of the Tokyo Stock Exchange.

Shares opened trading at ¥2,100, the same as the initial public offering price.

Calbee, known for such products as potato chips, went public with a total of 31.7 million shares, and is valued at about ¥66.5 billion based on the price of ¥2,100 a share.

The initial public offering is expected to raise about ¥5.5 billion for the Tokyo-based company, which plans to use the money to enhance and update production facilities at its plants in such cities as Utsunomiya, Tochigi Prefecture, and Hatsukaichi, Hiroshima Prefecture.

The listing followed the debuts of drug and food producer Otsuka Holdings Co. and cosmetics maker Pola Orbis Holdings Inc. on the TSE in December.

In the year to last March, Calbee reported a net profit of ¥4.02 billion on sales of ¥146.45 billion on a consolidated basis.

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