Yoshinoya Holdings to merge six domestic subsidiaries for streamlined operations

Yoshinoya Holdings Co., Ltd. announced a significant organizational restructuring, effective March 1, 2026, to consolidate its six domestic operating subsidiaries: Yoshinoya Co., Ltd., Kitanihon Yoshinoya Co., Ltd., Nakanihon Yoshinoya Co., Ltd., Kansai Yoshinoya Co., Ltd., Nishinihon Yoshinoya Co., Ltd., and Okinawa Yoshinoya Co., Ltd. These subsidiaries' businesses will be transferred to Yoshinoya Junbi Co., Ltd. (to be established December 1, 2025, and renamed Yoshinoya Co., Ltd. on March 1, 2026) through an absorption-type company split.

Following the split, Yoshinoya Holdings will perform an absorption-type merger, with the parent company as the survivor and all six subsidiaries dissolved. This restructuring aims to centralize decision-making, strengthen governance, and streamline the execution structure, leading to more efficient allocation of management resources and enhanced operational efficiency.

The company split and subsequent merger, involving wholly-owned subsidiaries, are not expected to materially impact Yoshinoya Holdings' non-consolidated or consolidated financial results for the fiscal year ending February 2026. However, a gain on the extinguishment of treasury stock may be recognized as a special gain in its non-consolidated financial statements for the fiscal year ending February 2027.