Kobe Bussan (3038.T) Shares Decline 1.75% Amidst Market Volatility

Tokyo, Japan - February 5, 2025

Kobe Bussan (3038.T), a leading retail operation company in Japan, saw its shares decline by 1.75% over the past 24 hours, closing at JPY 3,472 on the Tokyo Stock Exchange. This decline comes amidst a broader market downturn, with several other Japanese companies experiencing similar losses.

Market Capitalization and Trading Volume

As of the latest market close, Kobe Bussan’s market capitalization stands at JPY 957.3 billion, with approximately JPY 3.1 billion worth of shares traded in the last 24 hours. The company’s current supply of stocks is 273.6 million.

Comparison with Peers

Other Japanese companies in the retail and energy sectors also experienced declines in their share prices. Fuji Electric (6504.T) traded down 6.67% to JPY 6,939, while Kawasaki Heavy Industries (7012.T) and Seibu (9024.T) declined by 1.05% and 1.28%, respectively. Screen (7735.T) and Ryohin Keikaku (7453.T) also saw their shares drop by 3.57% and 1.07%, respectively.

Company Overview

Kobe Bussan Co., Ltd. is a retail operation company based in Japan, founded in 1985. The company operates various stores nationwide, including Gyomu super stores, buffet-style restaurants, and delicatessen stores. Kobe Bussan also manages several restaurant and delicatessen store chains, such as Kobe Cook World Buffet and CHISOUNA/Green’s K delicatessen stores. Additionally, the company operates renewable energy power plants.

Historical Performance

Over the past 52 weeks, Kobe Bussan’s share price has ranged from a high of JPY 4,715 on September 20, 2024, to a low of JPY 3,205 on January 14, 2025. The company’s simple moving average over the past 200 days stands at JPY 3,747.4.

Investor Insights

Kobe Bussan’s decline in share price may be attributed to various market and economic factors. Investors are advised to closely monitor the company’s performance and market trends to make informed investment decisions.