Fast-food chain operator Yoshinoya D&C Co. said Wednesday that Goldman Sachs (Japan) Ltd. sold almost all of its 10.98 percent equity stake in Yoshinoya it had bought the previous day.
Goldman Sachs became the second-largest Yoshinoya shareholder by buying 72,140 shares from Seiyo Food Systems Inc., operator of the Casa restaurant chain.
A Goldman Sachs official said, "We owned those Yoshinoya shares only on a provisional basis and sold them off to institutional investors and others."