Source disclosure: February 04, 2026
MUTOH HOLDINGS CO.,LTD. [7999.T]
TOKYO — Mutoh Holdings Co., Ltd. announced on February 4, 2026, that it has revised its full-year consolidated earnings forecast and final dividend estimate for the fiscal year ending March 2026 (April 1, 2025 to March 31, 2026), as well as decided to discontinue its shareholder benefits program. The revisions were made based on recent performance trends and the decision to transfer MUTOH Akishita Building, which was disclosed today.
The company's board of directors held a meeting on February 4, 2026, where they approved the recommendation for shareholders to tender their shares in response to Brother Industries' public offer. As a condition of this tender offer being successful, Mutoh Holdings will not pay dividends for the fiscal year ending March 2026. Additionally, the company will terminate its annual shareholder benefit program starting from the same period.
Regarding the revised earnings forecast, Mutoh Holdings anticipates lower sales due to sluggish sales in Asia and North America. Operating income and ordinary income are also expected to be below previous forecasts because of reduced sales revenue and increased selling and administrative expenses due to inflation. However, extraordinary gains from asset disposals, including the sale of MUTOH Akishita Building, are anticipated to offset some losses. Specifically, the company expects to record an additional gain of ¥13.1 billion from the building sale and incur approximately ¥7.52 billion in related advisory fees and other costs associated with the tender offer.
Mutoh Holdings emphasizes that these projections are based on available information up to the date of this announcement and acknowledges that actual results may differ significantly. For currency exchange rates, the company assumes USD/JPY at 151.72 and EUR/JPY at 175.73 for the entire fiscal year.
Furthermore, the company’s decision to suspend dividends and eliminate shareholder benefits is contingent upon the success of the tender offer by Brother Industries. This move reflects Mutoh Holdings’ strategy to strengthen internal reserves while aligning future dividend distributions with business performance. The company believes that the buyout price per share offered by Brother Industries does not include any consideration for a dividend payout, leading to the decision to forego dividends for the upcoming fiscal year.
In summary, Mutoh Holdings is taking significant steps to address current economic challenges and prepare for potential changes in ownership structure following the proposed acquisition by Brother Industries. These measures aim to stabilize the company’s financial position and ensure alignment with strategic objectives moving forward.
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