TOKYO, May 11 (Pulse News Wire) – Yodoko,ltd. (5451.T) announced today that its board of directors resolved to terminate the basic agreement for the potential sale of shares in its subsidiary, Yotsuka Seiyu (Heifei) High-Tech Steel Plate Co., Ltd.
(YSS). The initial agreement was made with Shanghai Qinhang International Trade Co., Ltd. (Shanghai Qinhang) on January 28, 2026. The decision to cancel the agreement stems from an assessment of Shanghai Qinhang's financial condition and responsiveness during negotiations.
Yodoko concluded that continuing discussions with Shanghai Qinhang would not be beneficial and could potentially harm the interests of stakeholders. Currently, Yodoko is exploring alternative buyers for YSS’s shares. Any further developments related to this process will be disclosed promptly. According to the company, the anticipated gain from the sale of related-party shares remains unchanged from previous forecasts.
This expected profit will be reflected in the fiscal year ending March 2027 performance projections released on February 27, 2026.
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