Takaya Awata, founder and CEO of Tokyo-listed Toridoll Holdings, best known for its popular udon noodle restaurants, has joined the ranks of billionaires. Shares of Toridoll, which operates nearly 1,900 eateries around the world, jumped by more than a third over the past year as people, constrained during the pandemic, resumed eating out once again. Awata’s 48% stake in Toridoll is now worth $1.1 billion, based on last Friday’s closing price of ¥3,930 ($26.8).
Established by Awata in 1990, Toridoll has grown to become one of Japan’s leading operators of noodle shops with chains such as Marugame Seimen. Toridoll also owns eateries that serve up spicy Chinese rice noodles, pancakes, ramen and freshly fried tempura. Since 2010, Awata has been focusing on expanding Toridoll’s footprint across the globe. Apart from Japan, where it has more than 1,000 restaurants, the company has a presence in the U.S., the U.K., Cambodia, Hong Kong, Indonesia, the Philippines, Taiwan and Vietnam. Continue here.
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