TORIDOLL Holdings Corporation [3397.T]
TOKYO, May 01 (Pulse News Wire) – TORIDOLL Holdings Corporation (3397.T) announced today that its subsidiary, The Fulham Shore Limited, has initiated administration proceedings for its subsidiary, The Real Greek Food Company Limited (TRG). The decision was made during a board meeting held on May 01, 2026, and the administrator has been appointed accordingly.
Recent inflationary pressures and rising labor costs in the UK have significantly impacted TRG's operations. In response, TORIDOLL decided to commence administration proceedings to maintain the value of its investment in TRG and ensure a sustainable future for The Fulham Shore Limited. TRG operates the "The Real Greek" restaurant chain in the UK and had a capital of £¥43 thousand as of March 2025. Its liabilities stood at £¥13,352 thousand as of the same period. TRG’s financial performance shows a decline over the past three fiscal years.
Revenue decreased from £¥14,890 thousand in FY2023 to £¥11,480 thousand in FY2025. Operating losses also increased from £¥796 thousand in FY2023 to £¥1,449 thousand in FY2025. Net profit fell from a loss of £¥957 thousand in FY2023 to a loss of £¥3,019 thousand in FY2025. The administration process will begin immediately upon court approval. Further updates on the impact on TORIDOLL's consolidated earnings for the fiscal year ending March 2026 will be disclosed as necessary.
Additionally, the progress of Franco Manca 2 UK Limited's CVA proceedings remains on track, with a creditors' meeting scheduled for early May.
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