Cockroach Contamination Sends Rice-Ball Supplier’s Stock Reeling
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Shares of Japanese packaged food producer Warabeya Nichiyo Holdings Co. dropped as much as 8.6% on Monday, the most in ten months, after apologizing over cockroach contamination in a rice-ball product.
Seven & i Holdings Co.’s Japan subsidiary also published an apology. Its shares fell as much as 1.1% at the open before recovering to trade slightly higher and in line with the broader market.