Reported Earnings • May 01
Full year 2026 earnings released: EPS: JP¥83.98 (vs JP¥83.27 in FY 2025) Full year 2026 results: EPS: JP¥83.98. Revenue: JP¥164.9b (up 5.2% from FY 2025). Net income: JP¥3.37b (flat on FY 2025). Profit margin: 2.0% (down from 2.2% in FY 2025). The decrease in margin was driven by higher expenses. Announcement • Apr 30
Meiwa Corporation, Annual General Meeting, Jun 26, 2026 Meiwa Corporation, Annual General Meeting, Jun 26, 2026. Announcement • Apr 21
Meiwa Corporation to Report Fiscal Year 2026 Results on Apr 30, 2026 Meiwa Corporation announced that they will report fiscal year 2026 results on Apr 30, 2026 Buy Or Sell Opportunity • Mar 02
Now 24% undervalued Over the last 90 days, the stock has risen 2.9% to JP¥878. The fair value is estimated to be JP¥1,148, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 27%. Announcement • Feb 20
Meiwa Corporation has filed a Follow-on Equity Offering. Meiwa Corporation has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 6,800,000 Announcement • Feb 19
Meiwa Corporation (TSE:8103) announces an Equity Buyback for 3,400,000 shares, representing 8.43% for ¥2,500 million. Meiwa Corporation (TSE:8103) announces a share repurchase program. Under the program, the company will repurchase up to 3,400,000 shares, representing 8.43% of its issued share capital, for ¥2,500 million. The program will be valid till October 30, 2026. As of December 31, 2025, the company has 40,315,335 issued shares (excluding treasury stock) and 17,065 treasury shares. Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥16.54 (vs JP¥27.95 in 3Q 2025) Third quarter 2026 results: EPS: JP¥16.54 (down from JP¥27.95 in 3Q 2025). Revenue: JP¥45.1b (up 7.0% from 3Q 2025). Net income: JP¥665.0m (down 41% from 3Q 2025). Profit margin: 1.5% (down from 2.7% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Declared Dividend • Nov 03
Dividend of JP¥38.00 announced Shareholders will receive a dividend of JP¥38.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 4.8%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥13.16 (vs JP¥13.95 in 2Q 2025) Second quarter 2026 results: EPS: JP¥13.16 (down from JP¥13.95 in 2Q 2025). Revenue: JP¥37.9b (down 1.4% from 2Q 2025). Net income: JP¥529.0m (down 6.4% from 2Q 2025). Profit margin: 1.4% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥24.46 (vs JP¥18.35 in 1Q 2025) First quarter 2026 results: EPS: JP¥24.46 (up from JP¥18.35 in 1Q 2025). Revenue: JP¥38.8b (down 2.3% from 1Q 2025). Net income: JP¥983.0m (up 30% from 1Q 2025). Profit margin: 2.5% (up from 1.9% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Board Change • Jul 14
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Shinichi Muramoto was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 09
Meiwa Corporation (TSE:8103) completed the acquisition of Takaroku Corporation from Dolphin No. 1 Investment Limited Partnership, a fund managed by Bluepass Capital Inc. and BLUEPASS No. 1 M Investment Limited Partnership. Meiwa Corporation (TSE:8103) agreed to acquire Takaroku Corporation from Dolphin No. 1 Investment Limited Partnership, a fund managed by Bluepass Capital Inc. and BLUEPASS No. 1 M Investment Limited Partnership for ¥1.5 billion on June 25, 2025.
The expected completion of the transaction is July 9, 2025.
Meiwa Corporation (TSE:8103) completed the acquisition of Takaroku Corporation from Dolphin No. 1 Investment Limited Partnership, a fund managed by Bluepass Capital Inc. and BLUEPASS No. 1 M Investment Limited Partnership on July 9, 2025. Announcement • Jun 25
Meiwa Corporation (TSE:8103) agreed to acquire Takaroku Corporation from Dolphin No. 1 Investment Limited Partnership, a fund managed by Bluepass Capital Inc. and BLUEPASS No. 1 M Investment Limited Partnership for ¥1.5 billion Meiwa Corporation (TSE:8103) agreed to acquire Takaroku Corporation from Dolphin No. 1 Investment Limited Partnership, a fund managed by Bluepass Capital Inc. and BLUEPASS No. 1 M Investment Limited Partnership for ¥1.5 billion on June 25, 2025.
The expected completion of the transaction is July 9, 2025. Board Change • May 07
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Managing Executive Officer, Head of Corporate Division & Director Masahiro Kanai was the last director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 01
Full year 2025 earnings released: EPS: JP¥83.26 (vs JP¥66.08 in FY 2024) Full year 2025 results: EPS: JP¥83.26 (up from JP¥66.08 in FY 2024). Revenue: JP¥156.7b (down 1.0% from FY 2024). Net income: JP¥3.38b (up 23% from FY 2024). Profit margin: 2.2% (up from 1.7% in FY 2024). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Apr 30
Meiwa Corporation, Annual General Meeting, Jun 27, 2025 Meiwa Corporation, Annual General Meeting, Jun 27, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥37.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%). Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥27.95 (vs JP¥23.34 in 3Q 2024) Third quarter 2025 results: EPS: JP¥27.95 (up from JP¥23.34 in 3Q 2024). Revenue: JP¥42.2b (down 2.4% from 3Q 2024). Net income: JP¥1.13b (up 16% from 3Q 2024). Profit margin: 2.7% (up from 2.2% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Declared Dividend • Nov 02
Dividend of JP¥32.00 announced Shareholders will receive a dividend of JP¥32.00. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 5.0%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 8.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥18.35 (vs JP¥6.44 in 1Q 2024) First quarter 2025 results: EPS: JP¥18.35 (up from JP¥6.44 in 1Q 2024). Revenue: JP¥39.7b (up 6.2% from 1Q 2024). Net income: JP¥756.0m (up 181% from 1Q 2024). Profit margin: 1.9% (up from 0.7% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 13% per year. Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: JP¥66.08 (vs JP¥41.19 in FY 2023) Full year 2024 results: EPS: JP¥66.08 (up from JP¥41.19 in FY 2023). Revenue: JP¥158.3b (up 1.0% from FY 2023). Net income: JP¥2.75b (up 60% from FY 2023). Profit margin: 1.7% (up from 1.1% in FY 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 01
Full year 2024 earnings released: EPS: JP¥66.08 (vs JP¥41.19 in FY 2023) Full year 2024 results: EPS: JP¥66.08 (up from JP¥41.19 in FY 2023). Revenue: JP¥158.3b (up 1.0% from FY 2023). Net income: JP¥2.75b (up 60% from FY 2023). Profit margin: 1.7% (up from 1.1% in FY 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 01
Meiwa Corporation, Annual General Meeting, Jun 21, 2024 Meiwa Corporation, Annual General Meeting, Jun 21, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥29.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.4%). Announcement • Feb 26
Meiwa Corporation (TSE:8103) announces an Equity Buyback for 1,975,000 shares, representing 4.73% for ¥1,000 million. Meiwa Corporation (TSE:8103) announces a share repurchase program. Under the program, the company will repurchase up to 1,975,000 shares, representing 4.73% of its issued share capital, for ¥1,000 million. The purpose of the program is to enhance shareholder returns and improve liquidity. The program will be valid till September 20, 2024. As of January 31, 2024, the company has 41,763,006 issued shares (excluding treasury stock) and 16,994 treasury shares. Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥23.34 (vs JP¥18.34 in 3Q 2023) Third quarter 2024 results: EPS: JP¥23.34 (up from JP¥18.34 in 3Q 2023). Revenue: JP¥43.2b (up 13% from 3Q 2023). Net income: JP¥972.0m (up 27% from 3Q 2023). Profit margin: 2.2% (up from 2.0% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 01
Meiwa Corporation Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024 Meiwa Corporation provided dividend guidance for the fiscal year ending March 31, 2024. For the year, the company expects to pay dividend of JPY 29.00 per share. Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥16.84 (vs JP¥10.61 in 2Q 2023) Second quarter 2024 results: EPS: JP¥16.84 (up from JP¥10.61 in 2Q 2023). Revenue: JP¥37.6b (down 7.1% from 2Q 2023). Net income: JP¥702.0m (up 59% from 2Q 2023). Profit margin: 1.9% (up from 1.1% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥6.44 (vs JP¥15.64 in 1Q 2023) First quarter 2024 results: EPS: JP¥6.44 (down from JP¥15.64 in 1Q 2023). Revenue: JP¥37.4b (down 7.3% from 1Q 2023). Net income: JP¥269.0m (down 59% from 1Q 2023). Profit margin: 0.7% (down from 1.6% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 29
Full year 2023 earnings released: EPS: JP¥41.19 (vs JP¥57.64 in FY 2022) Full year 2023 results: EPS: JP¥41.19 (down from JP¥57.64 in FY 2022). Revenue: JP¥156.7b (up 9.5% from FY 2022). Net income: JP¥1.72b (down 28% from FY 2022). Profit margin: 1.1% (down from 1.7% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 13% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share at 3.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.8%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥18.34 (vs JP¥16.02 in 3Q 2022) Third quarter 2023 results: EPS: JP¥18.34 (up from JP¥16.02 in 3Q 2022). Revenue: JP¥38.4b (up 1.5% from 3Q 2022). Net income: JP¥766.0m (up 14% from 3Q 2022). Profit margin: 2.0% (up from 1.8% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 5% per year. Announcement • Dec 17
Meiwa Corporation (TSE:8103) acquired 10% stake in Green Power Management Pte Ltd. Meiwa Corporation (TSE:8103) acquired 10% stake in Green Power Management Pte Ltd on December 15, 2022.Meiwa Corporation (TSE:8103) completed the acquisition of 10% stake in Green Power Management Pte Ltd on December 15, 2022. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. 3 independent directors (9 non-independent directors). External Independent Director Toshifumi Minami was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥10.61 (vs JP¥13.10 in 2Q 2022) Second quarter 2023 results: EPS: JP¥10.61 (down from JP¥13.10 in 2Q 2022). Revenue: JP¥40.4b (up 17% from 2Q 2022). Net income: JP¥443.0m (down 19% from 2Q 2022). Profit margin: 1.1% (down from 1.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 8% per year. Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥15.64 (vs JP¥16.81 in 1Q 2022) First quarter 2023 results: EPS: JP¥15.64 (down from JP¥16.81 in 1Q 2022). Revenue: JP¥40.4b (up 18% from 1Q 2022). Net income: JP¥653.0m (down 7.0% from 1Q 2022). Profit margin: 1.6% (down from 2.1% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: JP¥57.64 (vs JP¥28.69 in FY 2021) Full year 2022 results: EPS: JP¥57.64 (up from JP¥28.69 in FY 2021). Revenue: JP¥143.0b (up 9.8% from FY 2021). Net income: JP¥2.41b (up 101% from FY 2021). Profit margin: 1.7% (up from 0.9% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. 3 independent directors (9 non-independent directors). External Independent Director Toshifumi Minami was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment deteriorated over the past week After last week's 20% share price decline to JP¥947, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 9x in the Trade Distributors industry in Japan. Total returns to shareholders of 153% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥71.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 9.9%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.4%). Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥16.02 (up from JP¥12.67 in 3Q 2021). Revenue: JP¥37.8b (up 8.4% from 3Q 2021). Net income: JP¥669.0m (up 27% from 3Q 2021). Profit margin: 1.8% (up from 1.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Announcement • Jan 31
Meiwa Corporation Provides Earning Guidance for the Fiscal Year Ending March 31, 2022 Meiwa Corporation provided earning guidance for the fiscal year ending March 31, 2022. For the period, the company expects net sales of JPY 136,000 million, operating income of JPY 2,700 million, ordinary income of JPY 3,000 million, net income attributable to owners of parent JPY 2,300 million and basic earnings per share JPY 55.07. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥997, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 9x in the Trade Distributors industry in Japan. Total returns to shareholders of 215% over the past three years. Reported Earnings • Oct 31
Second quarter 2022 earnings released: EPS JP¥13.10 (vs JP¥11.35 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2022 results: Revenue: JP¥34.6b (up 18% from 2Q 2021). Net income: JP¥547.0m (up 15% from 2Q 2021). Profit margin: 1.6% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 19% share price decline to JP¥937, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 10x in the Trade Distributors industry in Japan. Total returns to shareholders of 128% over the past three years. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥547, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 10x in the Trade Distributors industry in Japan. Total returns to shareholders of 31% over the past three years. Reported Earnings • Aug 05
First quarter 2022 earnings released: EPS JP¥16.81 (vs JP¥3.98 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥34.2b (up 9.7% from 1Q 2021). Net income: JP¥702.0m (up 323% from 1Q 2021). Profit margin: 2.1% (up from 0.5% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • May 12
Full year 2021 earnings released: EPS JP¥28.69 (vs JP¥50.07 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥130.2b (down 5.0% from FY 2020). Net income: JP¥1.20b (down 43% from FY 2020). Profit margin: 0.9% (down from 1.5% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 3.0%. Within top quartile of Japanese dividend payers (2.7%). In line with average of industry peers (3.0%). Is New 90 Day High Low • Mar 08
New 90-day high: JP¥493 The company is up 16% from its price of JP¥424 on 08 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Trade Distributors industry, which is also up 16% over the same period. Is New 90 Day High Low • Feb 10
New 90-day high: JP¥492 The company is up 18% from its price of JP¥417 on 12 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 13% over the same period. Reported Earnings • Feb 08
Third quarter 2021 earnings released: EPS JP¥12.67 (vs JP¥23.37 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥34.9b (down 10.0% from 3Q 2020). Net income: JP¥529.0m (down 46% from 3Q 2020). Profit margin: 1.5% (down from 2.5% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Nov 06
Meiwa Corporation Announces No Dividend for the Second Quarter Ended September 30, 2020 Meiwa Corporation announced dividend of JPY 0.00 per share for the second quarter ended September 30, 2020 against JPY 44.00 per share paid a year. Announcement • Sep 29
Meiwa Corporation sold its subsidiary Uniflex Corporation to Multi-Color Corporation (NASDAQ: LABL). Meiwa Corporation has signed a letter of intent to sell its subsidiary Uniflex Corporation to Multi-Color Corporation (NASDAQ: LABL). Rutan & Tucker acted as a legal advisor for Uniflex Corporation.
Multi-Color Corporation completed the acquisition of Uniflex Corporation on 06/05/2000 for $7 million cash. PNC Bank National Association and another lender provided Multi-Color Corporation with a $7.2 million facility in order to complete the acquisition. The founder and president of Uniflex, John Yamasaki, will join Multi-Color as a member of the executive management team and Vice President of Sales and Product Development - Heat Shrink Labels. 
