Paramount Bed Holdings to delist following management buyout

Paramount Bed Holdings resolved on December 12, 2025, to implement a share consolidation, abolish the provisions for the number of shares per unit, and amend its articles of incorporation. This is subject to approval at an extraordinary general meeting of shareholders on January 19, 2026. This move is part of a management buyout (MBO) by TMKR Inc., aiming to privatize the company. The share consolidation will involve merging 16,034,050 shares into one share, effectively reducing the total number of outstanding shares to 3 post-consolidation. As a result, Paramount Bed Holdings' shares are scheduled to be delisted from the Tokyo Stock Exchange Prime Market on February 5, 2026.

Concurrently, the company also announced a share cancellation, effective February 6, 2026, where 1,522,853 shares of treasury stock will be retired. These actions are designed to enable long-term strategic investments free from short-term market pressures, ultimately enhancing corporate value.

The decision follows an MBO process, initiated on September 24, 2025, and includes measures to ensure fairness and prevent conflicts of interest, such as obtaining independent valuations and advice from a special committee. The final tender offer price for the MBO was 3,530 yen per share.