Yesterday, Fine Today Holdings announced that it will postpone its planned listing on the Tokyo Stock Exchange’s Standard Market, which had been scheduled for November 5. This marks the company’s second delay following a previous postponement last year.
The company cited “a comprehensive consideration of recent stock market conditions” as the reason for the decision. As a result, it has canceled the issuance and sale of shares associated with the listing and decided to suspend related procedures. Fine Today said it will determine the timing of resuming the listing process after closely monitoring market developments.
The company had planned to offer a total of 15.82 million shares, with the offering price to be set on October 27. For the fiscal year ending December 2025 under IFRS, Fine Today forecasted net sales of 113.3 billion yen (up 5.5% year-on-year), operating profit of 13.6 billion yen (down 6.9%), and net income of 7.7 billion yen (up 679.1%).
Fine Today Holdings was established in May 2021 through the transfer of Shiseido’s personal care business. Initially launched as Fine Today Shiseido, a joint venture between Shiseido and CVC Capital Partners, it became part of Asian Personal Care Holding in July of the same year. The company manages well-known brands such as TSUBAKI, SENKA, and UNO. In August 2022, it signed an agreement to acquire Shiseido’s production business, adopting its current name in January 2023. Fine Today now operates an integrated business model encompassing R&D, production, marketing, and sales across 11 markets in Asia, including Japan.
