Fancl remains delisted: what it means for Fancl stock

Published on 10/02/2026 at 03:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fancl was delisted on December 18, 2024, after Kirin's takeover. Fancl stock posted JPY 52.2 billion in interim sales.

Fancl, JP3802670004, Illustration mit AI erstellt.

Fancl (JP3802670004) was delisted from the Prime Market of the Tokyo Stock Exchange on December 18, 2024, after Kirin Holdings took control of the Japanese beauty and health company. Fancl stock therefore belongs to a former listed-company story centered on ownership change rather than daily exchange trading.

Delisting reshaped the investment case

The official FANCL investor-relations page states that the shares left the Tokyo Stock Exchange Prime Market on December 18, 2024. The page also says that the historical investor-relations material was disclosed before the delisting, while the company group continues its transformation under the new ownership structure.

For investors reviewing older Fancl reports, the decisive figure is the 75.24 percent stake acquired by Kirin Holdings through its tender offer. Quartr summarized the transaction and the related planned delisting in its September 9, 2026 overview of Fancl's second-quarter 2025 results.

Historical results show the pressure

In the interim period of fiscal 2025, Fancl reported net sales of JPY 52.2 billion, down 3.5 percent from the comparable period. Operating income fell 21.7 percent to JPY 4.7 billion, while net income attributable to owners decreased 40.9 percent to JPY 2.6 billion, according to Quartr. The comparison indicates that the ownership transition coincided with weaker operating performance in that reported period.

Cash and cash equivalents stood at JPY 33.8 billion at the end of the interim period of fiscal 2025, down JPY 8.3 billion from the previous fiscal year-end. Quartr also reported that Fancl disclosed no full-year earnings forecast because the tender offer and subsequent delisting changed the reporting context.

What delisting means for Fancl stock

Fancl's historical ticker was 4921 on the Tokyo Stock Exchange Prime Market. The delisting date, the controlling stake and the reported interim decline in sales and operating income are the key reference points for understanding why Fancl stock is no longer a conventional exchange-traded investment.