TOKYO, May 15 (Pulse News Wire) – Kaihan CO.,LTD. (3133.T) announced today that its board of directors has resolved to abolish the shareholder benefits program effective immediately.
The decision was made due to significant changes in profitability within its dining division amid heightened competition and inflationary pressures leading to higher raw material and labor costs. In the recently released interim earnings statement for the fiscal year ending March 2026 (consolidated), the company reported substantial operating losses, necessitating urgent cost-cutting measures.
Management believes that reallocating resources towards enhancing operational efficiency and long-term growth will better serve shareholders’ interests compared to maintaining the existing benefit program. The company plans to focus on strengthening its competitive position and sustainable development to achieve long-term value creation for investors.
Under the revised plan, the last distribution of shareholder benefits will occur based on the share registry as of March 31, 2026, for those holding 100 shares or more.
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