Between Sept 24 and 27, RE& S Holdings $ RE& S Hldg: 1G1 0% (RE& S) executive director and president Hiroshi Tatara acquired 54,000 shares of the Catalist-listed company for a consideration of S$10,492.

 

At an average price of 19.4 cents per share, this increased his total interest in RE& S from 62.25 per cent to 62.26 per cent.

 

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

 

He relocated to Singapore from Osaka, Japan in 1976.

 

The group noted in late August that with the Covid-19 pandemic changing consumption patterns as consumers seek greater value and convenience with higher acceptance of online delivery, the group remains committed to expand its quick-service restaurants and convenience segment through the addition of new concepts and/or expansion of existing concepts, as well as the development of ready meals which are suitable for online delivery.

 

The share price of RE& S has gained 92.3 per cent over the first nine months of 2021, with reinvested dividends boosting the total return to 101.9 per cent.

 

On Sept 22, RE& S Holdings $ RE& S Hldg: 1G1 0% (RE& S) executive director and president Hiroshi Tatara acquired 22,500 shares of the Catalist-listed company for a consideration of S$4,408.

 

At an average price of 19.6 cents per share, this increased his total interest in RE& S from 62.24 per cent to 62.25 per cent.

 

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

 

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.

 

Food and beverage company RE& S has reported earnings of $9.5 million for the FY2021 ended June 30, reversing from a loss of $5.4 million in the preceding year.

Revenue in the same period was up 12% to $124 million, as the company generated more online sales. 

 

It plans to pay a final dividend of 0.85 cents, which, coming on top of the interim dividend of 0.85 cents, will bring the full year payout to 1.7 cents and a payout ratio of 60%.

 

The company plans to maintain this payout ratio going forward.

 

While the company is noted for its full-service Japanese restaurants, the growth driver for this FY2021 was from its so-called quick-service restaurants.

This segment accounted for 40% of RE& S&rsquo total revenue for FY2021, up from 22.6% in FY2016.

 

&ldquo We have put in efforts in adapting to the changing landscape and to grow through the expansion of our Quick Service Restaurant segment,&rdquo says CEO Fenton Foo (seen here in a 2012 picture).

 

&ldquo We will continue to look for new business opportunities and improve profitability while staying vigilant and nimble to thrive in this challenging operating environment,&rdquo he adds.

 

The company notes that with higher vaccination rates, the F& B market can expect to &ldquo normalize gradually&rdquo , although it also warns that the pandemic situation remains fluid and changes might happen.

 

Also, the pandemic has changed consumption patterns as consumers want &ldquo greater value and convenience&rdquo , along with demand for delivery. 

RE& S plans to expand its quick service restaurants segment by adding new concepts of opening more outlets of existing brands. It is also developing more ready meals suitable for delivery orders.

&ldquo Barring unforeseen circumstances, the group is cautiously optimistic of achieving satisfactory financial performance for FY2022.&rdquo

 

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.