Key Facts
• In May 2008, Yoshinoya Holdings introduced takeover defense measures.
• On April 9, 2026, the board decided not to continue these measures.
• The current measures expire at the annual shareholders meeting on May 26, 2026.
• Decision based on opinions of domestic and foreign institutional investors and Ministry of Economy, Trade and Industry policies.
• Future large-scale stock purchases will require sufficient time and information for shareholders to decide.
• The board will disclose opinions respecting outside directors’ views and take appropriate measures at the time.
Summary
Yoshinoya Holdings announced on April 9, 2026, that it will abolish the takeover defense measures it introduced in May 2008. The board’s decision follows consultations with shareholders, including domestic and international institutional investors, and aligns with the Ministry of Economy, Trade and Industry’s stance. These measures will officially end at the annual shareholders meeting scheduled for May 26, 2026. Going forward, in the event of large-scale stock acquisitions, the company will require bidders to provide ample time and information to shareholders for informed decision-making. Additionally, the board will respect the opinions of outside directors and disclose its views, implementing suitable actions as deemed necessary at that time. This marks a shift toward more transparent and shareholder-friendly governance.
