Source disclosure: February 25, 2026
YOMEISHU SEIZO CO.,LTD. [2540.T]
TOKYO — Yomeishu Seizo Co., Ltd., represented by President and CEO Eiichi Tanaka, announced on February 25, 2026, that it has revised its full-year earnings forecast for the fiscal year ending March 2026 due to anticipated special losses. The company also decided to suspend dividends for the same period and abolish shareholder perks starting from the fiscal year beginning April 2027.
The revision of the earnings forecast was prompted by an expected special loss of ¥380 million related to advisory fees and legal costs associated with a tender offer initiated by Renocorp Inc. Additionally, the company plans to record a ¥2.93 billion impairment loss on fixed assets linked to its Kurasawa business unit, which has been underperforming due to sluggish sales and intense competition.
In a separate announcement made earlier today, Yomeishu Seizo expressed support for Renocorp's tender offer for its shares, recommending shareholders consider participating based on their own judgment. This decision is contingent upon Renocorp successfully acquiring all outstanding shares of Yomeishu Seizo, leading to delisting. As a result, the board resolved to eliminate the final dividend payout for the fiscal year ending March 2026 and terminate the shareholder perk program effective from the next fiscal year.
Furthermore, during yesterday’s board meeting, Yomeishu Seizo decided to withdraw its medium-term management plan originally set to run through March 2027. The company cited significant changes in market conditions, including rising prices affecting consumer behavior, intensified competition in online sales channels, difficulties in expanding retail operations, and reduced feasibility of planned mergers and acquisitions as reasons for this shift. These factors have led to a reassessment of strategic goals, resulting in the cancellation of previously established targets such as achieving annual revenues exceeding ¥20 billion by the end of the current fiscal year.
Yomeishu Seizo emphasized that these decisions were made after careful consideration of the evolving business environment and potential benefits of transitioning to a non-publicly traded status under Tsumura & Co., as proposed by Renocorp and Yuzawa Corporation. The company stated that this move could help address ongoing challenges more swiftly and enhance overall enterprise value.
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