Decision and Details
Board of DirectorsAbolition of the shareholder benefit program
Profitability in the food-service segment has changed significantly due to intensifying competition in the Company's principal business, higher raw material prices resulting from inflation, and persistently high labor costs. The Company will allocate management resources with priority given to proactive business investment in response to changes in its earnings structure.
The Company recorded a substantial ordinary loss in its full-year results, making temporary cost reductions an urgent priority. The impact on earnings of discontinuing the shareholder benefits program itself is Not disclosed
| Item | Details |
|---|---|
| Matter Covered | Abolition of the shareholder benefit program |
| Decision-Making Body | Board of Directors |
| Decision Date | 15 May 2026 |
| Implementation Date | The program will be discontinued upon the distribution of shareholder benefits to shareholders entered or recorded in the shareholder register as of the record date at the end of March 2026 (scheduled). |
| Period Covered | Through the distribution of shareholder benefits based on the record date at the end of March 2026 |
| Quantity / scale | Shareholders holding 100 or more shares of the Company's stock (one trading unit) |
| Impact on Business Performance | The Company recorded a substantial ordinary loss in its full-year results, making temporary cost reductions an urgent priority. The impact on earnings of discontinuing the shareholder benefits program itself is Not disclosed |
| Reason | Profitability in the food-service segment has changed significantly due to intensifying competition in the Company's principal business, higher raw material prices resulting from inflation, and persistently high labor costs. The Company will allocate management resources with priority given to proactive business investment in response to changes in its earnings structure. |
| Future plans | The program will be discontinued upon the distribution of shareholder benefits to shareholders entered or recorded in the shareholder register as of the record date at the end of March 2026. Going forward, the Company will work to enhance corporate value by strengthening business competitiveness and achieving sustainable growth. |
Items this document does not state (3)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Profitability in the food-service segment has changed significantly due to intensifying competition, higher raw material prices resulting from inflation, and persistently high labor costs. In addition, as the Company has recorded a substantial ordinary loss and temporary cost reductions are urgently required, it will allocate management resources with priority given to business investment.