Between Aug 26 and 31, RE& S Holdings $ RE& S Hldg: 1G1 -2.44% (RE& S) executive director and president Hiroshi Tatara acquired 1,050,000 shares of the Catalist-listed company for a consideration of S$193,565.

 

At an average price of 18.4 cents per share, this increased Mr Tatara' s total interest in RE& S from 61.91 per cent to 62.21 per cent.

 

It followed his acquisition of 100,000 shares at 17.0 cents per share on Feb 15 and 67,100 shares at 15 cents per share on Feb 9.

 

Mr Tatara is also the founder of RE& S and has been active in overseeing the group' s overall corporate strategy and relocated to Singapore from Osaka, Japan in 1976.

 

On Aug 25, RE& S reported a turnaround profit after tax of S$9.5 million for its FY21 (ended June 30) with revenue increasing by 12.0 per cent to S$123.9 million from FY20, largely due to the easing of Covid-19 restrictions and growth in online delivery sales, partially offset by the implementation of Phase 2 Heightened Alert.

 

With the results, RE& S executive director and CEO Fenton Foo noted that the group had put in efforts in adapting to the changing landscape, and to grow through the expansion of its quick service restaurant segment, and will continue to look for new business opportunities and improve profitability while staying vigilant and nimble to thrive in the challenging operating environment.

 

On Feb 15, RE& S Holdings (RE& S) executive director and president Hiroshi Tatara acquired 100,000 shares of the Catalist-listed company at 17 cents per share.

 

It took his total interest in RE& S from 61.88 per cent to 61.91 per cent.

 

This followed his acquisition of 67,100 shares in the company at 15 cents per share on Feb 9.

 

Mr Tatara is also the founder of RE& S and has always been active in overseeing the group' s overall corporate strategy.

 

He relocated to Singapore from Osaka, Japan in 1976.

 

RE& S is a multi-concept owner and operator of food & beverage (F& B) outlets in Singapore and Malaysia, providing customers with authentic Japanese cuisine and dining experience.

 

Since its incorporation in 1988, RE& S has grown from a single restaurant into a network comprising its corporate headquarters building with an office, central kitchen and warehousing facilities in Tai Seng a procurement office in Japan, and more than 70 F& B outlets.

 

On Feb 8, RE& S reported a turnaround performance in its H1FY21 (ended Dec 31) with a profit before tax of S$8.7 million, in contrast to a loss of S$3.6 million in H1FY20.

 

Offsetting the lower H1FY21 revenue generated in the full-service restaurants segment, was increased revenue which was contributed by the quick-service restaurants, convenience & others segment, reflecting the group' s strategy in expanding its brand presence in the latter of the two segments.

 

RE& S declared an interim cash dividend and special cash dividend of 0.50 Singapore cent and 0.35 Singapore cent per share respectively, for H1FY21, scheduled to go ex-dividend on Feb 24.

 

RE& S executive director and CEO Fenton Foo Kah Lee noted with the results that as a team, the group has worked hard, exercised prudent cost control and quickly adjusted its businesses to adapt to the new norm in 2020.

 

He added that RE& S was, immensely heartened by the support of its loyal customers during this difficult period, and that the company' s performance over the past few months has attested to the strength of its brands.

 

Mr Foo also highlighted that the group will continue to focus on creating signature experiences and quality products through its portfolio of brands.

 

Based on the most recent filings, Mr Foo maintains a 2.54 per cent interest in the company and as CEO is in charge of strategic planning of the group to drive new initiatives and partnerships to expand business portfolio while improving operational efficiency.

 

In the 2021 year through to Feb 18, the share price of RE& S has gained 71 per cent, from 10.4 cents to 17.8 cents.