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Okinawa supermarket tops the Tokyo Stock Exchange

Date Posted: 2006-01-27

San-A, Okinawa’s largest supermarket, has been approved for top ranking on the Tokyo Stock Exchange.

The approval came this week, with the new status officially in effect February 1st. There are currently three other Okinawa businesses with First Ranking. The Bank of the Ryukyu, Bank of Okinawa and Okinawa Electronic Company hold the elite status. San-A held second ranking in 2005.

San-A’s president says heavy stockholder activity last November triggered the condition changes that enhanced the company’s ranking. “Now our supermarket has higher credit from stockholders and customers both. We’ll do more, and offer better service and offer higher quality goods and better management,” he said.

There are 1,696 companies listed on the Tokyo Stock Exchange. San-A’s last year dividend was Y23 per stock share, but since the latest announcement, stock dividend value has increased to Y28 per share.

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