Source disclosure: February 10, 2026
HEIAN CEREMONY SERVICE CO.,LTD. [2344.T]
TOKYO — Heian Ceremony Service Co., Ltd., represented by President and CEO Yoichi Yamada, announced on February 10, 2026, that it will hold an extraordinary shareholders' meeting on April 15, 2026, to discuss share consolidation plans aimed at delisting its shares from public trading. The company's Standard Code number is 2344.
The proposed share consolidation would reduce the shareholder base of the company to only those affiliated with the founding family, including Masaharu Soma, the chairman and major shareholder; Yamada himself, who holds the position of president and is the sixth-largest shareholder as of September 30, 2025; and other related parties such as Koyatsuyuki Honsan Corporation, which is also a significant shareholder. Additionally, several relatives of these key figures, including Masaharu Soma’s sons Daiichi and Dairyo Soma, and Yamada’s relatives Takako, Etsuko, Shoichi, Maki, Ichika, Ryo, and Shiho Yamada, have been identified as part of this consolidated group known as "remaining shareholders."
In conjunction with this plan, the company has decided to revise its dividend forecast for the fiscal year ending March 2026. Originally, the company had anticipated paying a final dividend of ¥36 per share for the fiscal year, but following discussions with the founding family shareholders regarding the handling of fractional shares during the consolidation process, the board resolved not to pay any final dividends for the current fiscal year. This decision was made contingent upon the approval of the share consolidation proposal at the upcoming extraordinary general meeting scheduled for April 15, 2026.
Previously, the company had planned to distribute a total annual dividend of ¥54 per share, comprising interim dividends of ¥18 per share paid twice yearly. However, due to the impending share consolidation, the revised forecast now shows no interim dividends being issued for the second half of the fiscal year, resulting in a total annual dividend payout of just ¥18 per share based solely on the interim dividend already distributed in July 2025. The company stated that while maintaining stable dividend payments has historically been a priority, the unique circumstances surrounding the share consolidation necessitated this adjustment to ensure smooth execution of the non-public listing procedure.
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