Japan Stock IR Daily – May 01, 2026 (40 reports)

• Ｐ－ＦＦＦＨＤ commenced trading on the TOKYO PRO Market of the Tokyo Stock Exchange today, May 1, 2026.
• For the consolidated fiscal year ending September 2026, the company forecasts net sales of ¥14,371 million (up 2.1% year-on-year), operating profit of ¥21 million (down 72.0%), ordinary profit of ¥68 million (down 31.3%), and profit attributable to owners of parent of ¥53 million (down 10.2%).
• The consolidated results for the fiscal year ended September 2025 showed net sales of ¥14,073 million (up 5.0%), operating profit of ¥75 million (up 1,150.0%), ordinary profit of ¥99 million (down 26.7%), and profit attributable to owners of parent of ¥59 million (down 51.2%).
• The forecast for FY2026 includes earnings per share of ¥58.00 and a dividend per share of ¥7.5 (after considering the stock split). A 1-for-10 stock split of common shares was conducted on December 26, 2025.
• The company cited a challenging economic environment, including rising material and energy costs due to the weaker yen and supply shortages exacerbated by the Middle East situation, as premises for its forecast. It plans to improve profitability by securing flexible procurement routes independent of specific manufacturers and revising its pricing structure.

The listing on TOKYO PRO Market may enhance the company’s credibility and expand its access to capital. While the FY2026 forecast anticipates increased revenue, a significant decrease in profit is projected, which appears largely influenced by external factors such as soaring material costs and supply chain disruptions. The company’s stated strategies, including diversifying procurement and reviewing pricing, will be key areas for investors to monitor regarding future profitability improvements.

• P-Local Co., Ltd. announced a partial correction to its non-consolidated financial results for the fiscal year ended February 2026 on May 1, 2026.
• The corrections involved reclassifying payments to external specialists from “selling, general and administrative expenses” to “non-operating expenses,” and integrating “subsidy income” into “other non-operating income” due to its reduced materiality.
• As a result of these corrections, the operating profit for the fiscal year ended February 2026 was revised upwards by 25,000 thousand yen, from 190,198 thousand yen to 215,198 thousand yen.
• The company stated that there is no impact on ordinary profit, profit before income taxes, net profit, or earnings per share.
• The year-on-year change rate for operating profit in the FY2027/2 earnings forecast was revised from 129.5% to 102.8%.

This correction primarily stems from the reclassification of accounting line items for expenses, which led to an upward revision of operating profit. The fact that ordinary profit and net profit remain unchanged suggests that the company’s overall profitability, after considering all income and expenses, was not altered by this reclassification. Nevertheless, investors might observe the revised year-on-year growth rate for the FY2027/2 operating profit forecast, as it reflects the adjusted base from the prior period.

• Treasure Factory Co., Ltd. (TSE Prime: 3093) updated its Q&A for the full-year financial results of the fiscal year ending February 2026 on May 1, 2026.
• The company cited three main factors for the improvement in gross profit margin at existing standalone stores: a change in the purchase coupon system in Q3, a favorable sales mix due to strong sales of low-priced items, and successful price control of winter inventory. The improvement from the coupon system change is expected to continue until Q2 of the fiscal year ending February 2027.
• The anticipated decrease in operating profit margin in the medium-term management plan is attributed to forward-looking investments for future growth, including investments in AI/DX, strengthening non-store purchasing channels, and expansion into the U.S. market.
• Inbound demand continues to exceed the previous year, benefiting from the weak yen, with sales declines from Chinese tourists being absorbed by increased demand from other regions (America, non-Chinese Asian countries, Australia, and Europe). Tax-exempt sales currently exceed 10% of total sales.
• Domestically, the company envisions a long-term potential for 800 to 1,000 stores. Internationally, it operates 5 general reuse stores in Thailand (6th planned for current period), 3 stores in Taiwan (including the first overseas apparel-specialized store “TreFac Style” opened in December 2025), and aims to open its first U.S. store by the fiscal year ending February 2027.

The Q&A released by Treasure Factory provides specific insights into the company’s business strategy and financial standing. Factors contributing to the gross profit margin improvement and details of strategic investments for mid-to-long term growth are particularly relevant for understanding future revenue structures and business expansion directions. Furthermore, the identified domestic store expansion potential and ongoing international ventures appear to be key elements in assessing the company’s sustained growth prospects.

• SBI Saudi Arabia Equity ETF (Code: 273A) announced its financial results for the period ended March 2026 (September 25, 2025 – March 24, 2026).
• Total net assets for the March 2026 period reached ¥2,805 million, an increase from ¥2,443 million at the end of September 2025.
• The net asset value per unit rose to ¥9,810 at the end of March 2026, up from ¥8,855 at the end of September 2025.
• The fund reported a net profit of ¥281,494,523 for the current period, a significant improvement from the net loss of ¥121,895,706 in the previous period.
• A distribution of ¥66 per unit was announced, with the payment scheduled to commence on May 1, 2026.

The March 2026 financial results indicate a positive shift, with both net assets and net asset value per unit showing increases, and a notable turnaround from a net loss to a net profit. This improvement may suggest favorable market conditions or effective management of the fund’s underlying assets. Investors might want to monitor how the fund’s profitability and asset growth align with its distribution policy, given the decrease in distribution per unit compared to the prior period.

• SBI Shinsei Bank announced its consolidated financial results for the fiscal year ended March 31, 2026, on May 1, 2026.
• Consolidated ordinary revenues reached ¥774,058 million (up 26.1% year-on-year), consolidated ordinary profit was ¥123,382 million (up 58.6% year-on-year), and net profit attributable to owners of the parent was ¥113,415 million (up 34.2% year-on-year).
• Basic earnings per share for FY2026 March stood at ¥137.66, with consolidated total assets at ¥24,741,359 million and a capital adequacy ratio of 5.0% at year-end.
• A year-end dividend of ¥42.00 per share was determined for FY2026 March. The full-year dividend forecast for FY2027 March is also ¥42.00 per share.
• During the second quarter of FY2026 March, the bank distributed Latitude Group Holdings Limited common shares as a dividend in kind, with a book value of ¥41,921,190,564 (¥52.53 per share).

SBI Shinsei Bank’s consolidated results for FY2026 March show significant double-digit growth across key profitability metrics, which may suggest a period of robust operational performance. The rise in earnings per share and an improved capital adequacy ratio are also notable. Furthermore, the declaration of a regular year-end cash dividend, coupled with a substantial in-kind dividend, could be interpreted as part of the bank’s strategy for shareholder returns.

• SBI Holdings reported consolidated revenue of JPY 1,896,607 million for the fiscal year ended March 2026, marking a 31.4% increase year-on-year.
• Consolidated profit before tax reached JPY 516,667 million, up 83.0% from the previous fiscal year.
• Profit attributable to owners of the parent surged by 163.7% to JPY 427,577 million.
• Basic earnings per share for the fiscal year ended March 2026 stood at JPY 666.82.
• The total annual dividend for the fiscal year ended March 2026 was JPY 61,689 million. The consolidated earnings forecast and dividend forecast for the fiscal year ending March 2027 are undetermined.

The fiscal year 2026 results indicate a period of robust growth for SBI Holdings, with significant year-on-year increases across consolidated revenue and key profit metrics. The substantial surge in profit attributable to owners of the parent may lead investors to monitor the sustainability of this profitability trend moving forward. The company’s solid operating cash flow also suggests strong internal funding capabilities from its business activities.

• Tsuruya Co., Ltd. reported non-consolidated results for the fiscal year ended March 2026, with net sales of JPY 6,505 million (down 4.5% year-on-year), operating profit of JPY 146 million (down 20.9%), and ordinary profit of JPY 302 million (down 33.7%).
• Net profit for the period reached JPY 373 million, marking a significant increase of 208.0% year-on-year. This was partly due to an extraordinary gain of JPY 233 million from the sale of fixed assets (land).
• The annual dividend per share for FY2026 March is JPY 14.50 (an increase of JPY 2.50 from the previous year), with the year-end dividend of JPY 10.50 consisting of JPY 4.50 in ordinary dividend and JPY 6.00 in special dividend.
• Regarding the financial position, total assets at the end of the period were JPY 14,840 million (down 5.3% from the previous fiscal year-end), while net assets increased by 1.7% to JPY 12,122 million, with the equity ratio improving to 81.7% (up 5.7 percentage points).
• The earnings forecast for the fiscal year ending March 2027 is currently undecided, as it is difficult to make a reasonable calculation at this stage.

Tsuruya’s FY2026 March results show a notable increase in net profit despite declines in net sales and operating profit. This substantial rise in net profit appears primarily attributable to the recognition of extraordinary gains from the sale of fixed assets. The decision to increase the annual dividend per share may also be seen as a positive signal regarding shareholder returns. With the FY2027 earnings forecast currently undetermined, future developments in the business environment and the impact of planned product price revisions will be worth monitoring.

• G-J TEC (7774) announced its non-consolidated financial results for the fiscal year ended March 2026.
• For the fiscal year ended March 2026, net sales were ¥2,182 million (down 11.1% year-on-year), operating loss was ¥549 million, ordinary loss was ¥537 million, and net loss was ¥734 million, with all losses widening.
• The company forecasts for the fiscal year ending March 2027 include net sales of ¥3,070 million (up 40.6% year-on-year), operating income of ¥100 million, ordinary income of ¥110 million, and net income of ¥100 million, projecting a return to profitability.
• “JACC” (autologous cultured cartilage) achieved insurance coverage for expanded indication to knee osteoarthritis on January 1, 2026, leading to a significant increase in orders towards the end of the fiscal year.
• The regenerative medicine contract manufacturing business experienced a decrease in revenue due to the disappearance of one-time spot revenue from a specific customer in the previous year and a milestone achievement shift to the next period, but multiple projects transitioned to higher value-added phases.

While the fiscal year ended March 2026 saw a decrease in net sales and an expansion of losses, the company projects a substantial revenue increase and a return to profitability for the fiscal year ending March 2027, which may suggest a shift in business structure. The insurance coverage for “JACC” expanding its indication and the progress of higher value-added projects in the regenerative medicine contract manufacturing business could be key drivers for future earnings improvement. However, as financial forecasts are based on certain assumptions, their realization will be worth monitoring.

• Net assets totaled JPY 229 million, with principal investment assets in bonds accounting for JPY 227 million (99.0% of net assets).
• The number of outstanding units at the end of the current period was 230 thousand units, with 230 thousand units newly issued during the period and no units redeemed.
• The net asset value per 10 units was JPY 9,977.
• No distribution was paid per 10 units for the current calculation period.
• The fund reported a net loss of JPY 234,605 for the period, resulting in a capital deficit of JPY 539,605 at period-end.

As the fund, One ETF Japanese Government Bond 1-3 Year, commenced operations on January 19, 2026, these financial results reflect approximately two months of initial performance. The reported net loss and capital deficit may be influenced by initial operational costs, notably a JPY 550,000 listing examination fee recorded under operating expenses. The absence of a distribution for the period is attributed to insufficient distributable income after deducting expenses.

• Consolidated revenue for the fiscal year ended March 31, 2026, increased by 6.1% year-on-year to JPY 8,265,841 million.
• Profit attributable to owners of the parent rose by 8.1% to JPY 543,852 million for the same period.
• The annual dividend per share was set at JPY 107.50, an increase of JPY 12.50 from the previous fiscal year.
• For the fiscal year ending March 31, 2027, the company forecasts a 6.6% increase in profit attributable to owners of the parent, projecting JPY 580,000 million.
• Equity method investment gain/loss increased by JPY 45,400 million (15.5%) year-on-year, reaching JPY 338,300 million.

While profit attributable to owners of the parent saw a healthy increase, operating profit declined despite higher gross profit, which may indicate increased selling, general and administrative expenses. The significant rise in equity method investment income and a valuation gain from the integration of domestic real estate businesses appear to have been key contributors to the overall net profit growth. Investors may find it worthwhile to monitor the balance between top-line growth and cost control in future periods.

• Itoham Yonekyu Holdings reported consolidated net sales of JPY 1,071,381 million (up 8.4% year-on-year), operating profit of JPY 28,456 million (up 45.4%), ordinary profit of JPY 30,395 million (up 46.5%), and profit attributable to owners of parent of JPY 20,225 million (up 54.4%) for the fiscal year ended March 31, 2026.
• The annual dividend per share, including a commemorative dividend, is planned at JPY 320.00, an increase from JPY 145.00 in the previous fiscal year.
• For the fiscal year ending March 31, 2027, the company forecasts consolidated net sales of JPY 1,040,000 million (down 2.9% year-on-year), operating profit of JPY 27,000 million (down 5.1%), ordinary profit of JPY 28,000 million (down 7.9%), and profit attributable to owners of parent of JPY 18,500 million (down 8.5%).
• The consolidated statement of income for the current fiscal year includes 15 months of results from consolidated subsidiary ANZCO Foods and its subsidiaries, following a change in their fiscal year end from December 31 to March 31.
• By reporting segment, the Meat business saw a significant increase in net sales to JPY 672,814 million (up 14.4% year-on-year) and ordinary profit to JPY 22,624 million (up 84.3%), while the Processed Foods business experienced a decrease in both sales and profit.

The substantial increase in results for FY2026 may be influenced by the inclusion of 15 months of performance from a consolidated subsidiary due to a fiscal year end change. While the Meat business showed strong growth, contributing significantly to overall profit, the Processed Foods segment experienced a decline, suggesting differing operational dynamics within the company. Investors may wish to monitor future disclosures for details on the business environment and strategies that underpin the projected decline in performance for the upcoming fiscal year.

• Sojitz’s consolidated revenue for the fiscal year ended March 31, 2026, increased by 9.9% year-on-year to JPY 2,757,350 million.
• Profit attributable to owners of the parent decreased by 6.3% from the prior year to JPY 103,611 million.
• The annual dividend for FY2026 was announced at JPY 165.00 per share (interim JPY 82.50, year-end JPY 82.50), an increase of JPY 15.00 from the previous fiscal year.
• For the fiscal year ending March 31, 2027, the company forecasts consolidated profit attributable to owners of the parent to increase by 25.5% year-on-year to JPY 130,000 million.
• The number of outstanding shares at the end of the period decreased to 210,000,000 shares due to the cancellation of 15,000,000 treasury shares on August 29, 2025.

While Sojitz achieved revenue growth in FY2026, the decline in profit attributable to owners of the parent suggests potential factors impacting profitability. However, operating cash flow turned positive, which could indicate an improvement in financial health. The increased annual dividend coupled with a strong profit forecast for the upcoming fiscal year may suggest management’s confidence in future performance and commitment to shareholder returns.

• On May 1, 2026, West Japan Railway Company (JR West), Resona Holdings, Inc. (Resona HD), and Kansai Mirai Bank, Ltd. (Kansai Mirai Bank) concluded a capital and business alliance agreement.
• JR West plans to acquire 20,000,000 shares of Kansai Mirai Bank (20% of total issued shares) from Resona HD for ¥90 billion, subject to regulatory approvals. This transaction is expected to make Kansai Mirai Bank an equity-method affiliate of JR West.
• Key aspects of the business alliance include the planned launch of a new banking service named “WESTER Mirai Bank” (tentative name) by FY2027, the “Osaifu WESTER Project” to enhance payment experiences, and initiatives to improve the quality of life along railway lines through community development.
• Preparations for the establishment of a joint venture between JR West and Resona Group are underway to promote the “Osaifu WESTER Project.”

This alliance appears to merge JR West Group’s extensive customer touchpoints and daily infrastructure with Resona Group’s financial capabilities and expertise to forge a new business model. It suggests a strategic move towards a “regionally value-circulating BaaS and payment model” aimed at revitalizing regional economies and integrating financial services into daily life. JR West’s acquisition of an equity-method stake in Kansai Mirai Bank could deepen the collaborative efforts between the two groups.

• JR West achieved five consecutive years of revenue and profit growth, reaching a record high profit in its fiscal year ended March 2026.
• The annual dividend per share for FY2026/3 is projected to be ¥97.5, an increase of ¥13 from the previous year.
• For FY2027/3, the company forecasts a consolidated operating profit of ¥165.0 billion (down ¥33.0 billion, 83.3% year-on-year), primarily due to the rebound effect from Expo 2025 Osaka, inflation, and impacts from the Middle East situation.
• A new shareholder return policy for the medium-term management plan period targets a Dividend on Equity (DOE) of approximately 3.5%.
• The annual dividend per share for FY2027/3 is projected to remain at ¥97.5, the same as the previous year.

The record-high profit and dividend increase for FY2026/3 suggest a strong recovery and growth across business segments. However, the projected profit decline for FY2027/3, attributed to external factors, may shift investor focus towards the company’s future structural reforms and cost-saving initiatives. The change in shareholder return policy to a DOE standard could indicate an emphasis on stable dividends over the new medium-term plan period.

• Ｇ－ＦフォースＧ Inc. announced the completion of its full acquisition of ECPower Co., Ltd., with an effective date of May 1, 2026.
• This acquisition was executed through a simplified stock exchange, as previously disclosed in the announcement dated March 26, 2026.
• In the stock exchange, 0.097 shares of Ｇ－ＦフォースＧ were allotted for each share of ECPower, with a total of 19,400 shares delivered by Ｇ－ＦフォースＧ.
• ECPower Co., Ltd., now a wholly-owned subsidiary, is located in Minato-ku, Tokyo, and specializes in website planning, design, development, and operation.
• The stock exchange will be accounted for as an acquisition under relevant accounting standards, and its impact on Ｇ－ＦフォースＧ’s consolidated financial results for the fiscal year ending May 2026 is stated to be minor.

This move can be viewed as Ｇ－ＦフォースＧ’s strategic step to strengthen its digital marketing and web services infrastructure by fully integrating ECPower. The specialized services offered by ECPower could potentially broaden Ｇ－ＦフォースＧ’s service portfolio and enhance its market competitiveness. As the short-term impact on consolidated financial results is deemed minor, investors may focus on the potential for long-term strategic synergies.

• Itochu Corporation reported consolidated revenue of JPY 14,823,087 million for the fiscal year ended March 31, 2026, an increase of 0.7% from the previous fiscal year.
• Net profit attributable to owners of parent for the same period was JPY 900,283 million, marking a 2.3% increase year-over-year.
• As of March 31, 2026, consolidated total assets stood at JPY 16,732,815 million, with equity attributable to owners of parent at JPY 6,589,966 million, and an equity ratio of 39.4%.
• The annual dividend for the fiscal year ended March 31, 2026, was JPY 210.00 per share (pre-stock split) or JPY 42.00 per share (post-stock split, comprising JPY 20.00 interim and JPY 22.00 year-end).
• For the fiscal year ending March 31, 2027, the company forecasts consolidated net profit attributable to owners of parent to increase by 5.5% to JPY 950,000 million, with an anticipated annual dividend of JPY 44.00 per share (JPY 22.00 interim and JPY 22.00 year-end).

Itochu’s fiscal year 2026 results show a modest increase in profit, with the company projecting continued growth for fiscal year 2027. The improvement in equity ratio and strong operating cash flow could indicate a solid financial position. The planned increase in dividend, even after a stock split, may signal management’s commitment to shareholder returns.

• Sumitomo Corporation reported consolidated net profit attributable to owners of parent of ¥600,334 million for the fiscal year ended March 31, 2026, a 6.8% increase compared to the previous fiscal year.
• The annual dividend per share for FY2026/3 was ¥150.00 (interim ¥70.00, year-end ¥80.00), an increase from ¥130.00 in the prior fiscal year.
• The company resolved to conduct a stock split at a ratio of four shares for every one common share, effective July 1, 2026.
• For the fiscal year ending March 31, 2027, the company forecasts a consolidated net profit attributable to owners of parent of ¥630,000 million, representing a 4.9% increase year-on-year.
• Consolidated cash flow from operating activities amounted to ¥813,456 million, with cash and cash equivalents at the end of the period totaling ¥1,005,442 million.

The reported increase in net profit for the fiscal year ended March 2026 suggests solid performance across certain business segments and benefits from deferred tax assets. The announced stock split could aim to enhance liquidity and make the shares more accessible to a broader investor base by reducing the price per unit. The positive profit outlook for the next fiscal year may indicate management’s confidence in continued business growth and operational efficiency.

• SM ENTERTAINMENT JAPAN Co., Ltd. announced its consolidated financial results for the first quarter of the fiscal year ending December 2026 (January 1, 2026, to March 31, 2026) on May 1, 2026.
• For the first quarter, consolidated net sales were ¥3,204 million (up 47.0% year-on-year), operating profit was ¥235 million (up 452.6% year-on-year), ordinary profit was ¥268 million (up 463.3% year-on-year), and net profit attributable to parent company shareholders was ¥262 million (up 533.2% year-on-year).
• By segment, the Entertainment business recorded net sales of ¥2,616 million (up 61.2% year-on-year) and segment profit of ¥309 million (up 136.7% year-on-year).
• The Entertainment business held a total of 21 concerts, attracting approximately 340,000 attendees, with large-scale performances at Mizuho PayPay Dome Fukuoka, Belluna Dome, and RIIZE’s solo concert at Tokyo Dome contributing to performance.
• The full-year consolidated performance forecast for the fiscal year ending December 2026 remains unrevised, projecting net sales of ¥9,089 million (down 10.8% year-on-year), operating profit of ¥247 million (up 42.4% year-on-year), and net profit attributable to parent company shareholders of ¥253 million (down 32.5% year-on-year).

The significant year-on-year increases in net sales and profit across all categories for Q1 suggest a strong start to the fiscal year, primarily driven by the robust performance of the Entertainment business segment. The success of large-scale concerts and new IP launches appears to be key contributors to this growth. Investors may note the contrast between the strong Q1 results and the full-year forecast, which anticipates a decrease in net sales but an increase in operating profit, while net profit is projected to decrease, potentially indicating shifting revenue streams or cost structures for the latter part of the year.

• Chugin Financial Group announced an upward revision to its year-end dividend for the fiscal year ending March 31, 2026.
• The per-share year-end dividend has been revised from the previously forecasted ¥42.0 (announced on February 4, 2026) to ¥53.0.
• This revision results in a total annual dividend of ¥90.0 per share for the fiscal year ending March 2026, combining the interim dividend of ¥37.0.
• The total dividend amount is ¥9,421 million, with an effective date planned for June 26, 2026.
• The reason for the dividend increase is attributed to the expansion of earnings performance for the fiscal year ending March 2026.

This significant dividend increase from the previous forecast may suggest the company’s strong earnings performance. The rise in the annual dividend from ¥62.0 in the previous fiscal year to ¥90.0 could be viewed as a positive signal regarding the company’s commitment to shareholder returns. Furthermore, the projected total shareholder return ratio of 47.8% (including share buybacks) for the fiscal year ending March 2026 might indicate an active approach to shareholder returns.

• Net profit attributable to owners of the parent for the fiscal year ended March 31, 2026, was ¥800.46 billion, a 15.8% decrease compared to the previous fiscal year.
• Revenue for the same period increased by 1.6% year-on-year, reaching ¥18,915.995 billion.
• The annual dividend for FY2026 was ¥110.00 per share (interim ¥55.00, year-end ¥55.00), marking an increase of ¥10.00 from the prior fiscal year.
• For the fiscal year ending March 31, 2027, the company forecasts a consolidated net profit attributable to owners of the parent of ¥1,100 billion, representing a 37.4% increase year-on-year.
• The forecasted annual dividend for FY2027 is ¥125.00 per share (interim ¥62.00, year-end ¥63.00).

While net profit attributable to owners of the parent declined in FY2026, the company maintained its policy of increasing annual dividends, which may be a point of interest for investors.

The year-on-year decrease in pre-tax profit was primarily due to the reversal of revaluation gains recorded in the previous year related to the reclassification of Lawson as an equity-method affiliate, and the reversal of gains from the sale of tangible fixed assets in the Australian metallurgical coal business.

Conversely, the FY2027 outlook projects a significant increase in net profit attributable to owners of the parent and a further dividend hike, which could suggest management’s confidence in future performance recovery.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.

• Fuji Jutaku Co., Ltd. announced its consolidated financial results for the fiscal year ended March 31, 2026 (April 1, 2025 – March 31, 2026).
• Consolidated net sales increased by 11.6% year-on-year to JPY 138,332 million, operating profit increased by 5.1% to JPY 8,294 million, and ordinary profit increased by 0.1% to JPY 6,995 million.
• Profit attributable to owners of parent was JPY 4,757 million, a slight decrease of 0.1% year-on-year, with basic earnings per share at JPY 132.20.
• Total assets reached JPY 193,040 million, net assets JPY 58,312 million, and the equity ratio improved to 30.2%.
• The annual dividend for the fiscal year ended March 2026 was JPY 32.00 (interim JPY 16.00, year-end JPY 16.00). The consolidated earnings forecast for the fiscal year ending March 2027 is currently undecided.

In Fuji Jutaku’s consolidated results for FY2026, while net sales, operating profit, and ordinary profit all increased, it is noteworthy that profit attributable to owners of parent saw a marginal decrease compared to the previous fiscal year. This could suggest that while the company absorbed increases in selling, general, and administrative expenses and higher financial costs, these factors had an impact on the net profit level. The consolidated earnings forecast for FY2027 is currently undecided, citing numerous uncertain elements, indicating that future disclosures will be worth monitoring for investors.

• Joyful Honda announced its Q3 FY2026 financial results. From this fiscal year, the company transitioned from non-consolidated to consolidated financial reporting following the acquisition and subsidiarization of Honda Co., Ltd.
• Consolidated net sales reached ¥95,937 million (up 0.5% YoY), and consolidated net income was ¥7,703 million (up 23.5% YoY).
• The net income includes a gain on negative goodwill of ¥1,940 million, recorded as an extraordinary gain, resulting from the subsidiarization of Honda Co., Ltd.
• The company reported that the progress rate of consolidated net sales against the full-year forecast is 73.2%, indicating that performance is tracking in line with the full-year projections.
• Joyful Honda also announced the signing of a basic agreement for business integration with Arclands Co., Ltd.
• Non-consolidated existing store sales turned positive year-on-year in Q3 (January-March 2026), specifically increasing by 5.2% in March and 5.1% in April. The company attributed this growth to customer traffic increases due to pricing strategies initiated in Q3.

Joyful Honda’s Q3 FY2026 results reflect the significant impact of the transition to consolidated accounting and the subsidiarization of Honda Co., Ltd. The substantial increase in consolidated net income appears to be largely driven by the recognition of a gain on negative goodwill. Furthermore, the basic agreement for business integration with Arclands Co., Ltd. may suggest a strategic move towards expanding business and enhancing competitiveness in the long term. The recovery in non-consolidated existing store sales during the third quarter could indicate the effectiveness of the new pricing strategies.

• G-AIAI’s absorption-type merger between consolidated subsidiaries was completed as scheduled on May 1, 2026.
• In this merger, Mode Planning Japan Co., Ltd. (MPJ) is the surviving company, and Kirara Group Holdings Co., Ltd. (KGH) is the absorbed company, in what is described as a “reverse merger.”
• The purpose of the merger is to effectively utilize overall group management resources and maintain the Kirara Nursery brand, following the conclusion of KGH’s role as a pure holding company after joining the company group on February 27, 2026.
• Following the merger, MPJ’s capital increased by 80 million yen, and AIAI Inclusive Corporation became the sole major shareholder (100.00%). There are no changes to MPJ’s trade name, location, representative’s title/name, business content, or fiscal year-end.
• The company states that this merger, being between consolidated subsidiaries, will have a minor impact on consolidated business performance.

This intra-group merger between consolidated subsidiaries appears to aim at enhancing the efficient utilization of management resources and strengthening the business brand through internal corporate restructuring. The absorption of KGH, whose role as a pure holding company has concluded, by MPJ, the surviving company, could indicate a strategic move to eliminate redundant functions and improve operational efficiency. While the impact on consolidated earnings is stated as minor, the progression of long-term group synergies may be a point for investors to monitor.

• M3, Inc. announced its consolidated financial results for the fiscal year ended March 31, 2026 (April 1, 2025 – March 31, 2026) on May 1, 2026.
• Consolidated revenue reached ¥351,363 million (up 23.3% year-on-year), operating profit was ¥73,547 million (up 16.8% year-on-year), and profit attributable to owners of the parent was ¥49,100 million (up 21.3% year-on-year).
• Basic earnings per share stood at ¥72.53.
• The annual dividend for the fiscal year ended March 31, 2026, was ¥22.00 per share for the fiscal year-end dividend, making the total annual dividend ¥22.00 (compared to ¥21.00 in the previous fiscal year). The dividend payout ratio was 30.3%.
• For the fiscal year ending March 31, 2027, the company forecasts consolidated revenue of ¥400,000 million (up 13.8% year-on-year), operating profit of ¥80,000 million (up 8.8% year-on-year), and profit attributable to owners of the parent of ¥53,000 million (up 7.9% year-on-year).

M3’s fiscal year 2026 results show double-digit growth across revenue and key profit metrics compared to the previous fiscal year. This performance may indicate the company’s strong execution across its diverse medical information platform and solution businesses, both domestically and internationally. The outlook for fiscal year 2027, projecting continued increases in revenue and profit, could suggest management’s confidence in sustained business expansion.

• G-kurashiru reported consolidated net sales of 17,001 million yen (up 29.8% year-on-year) and net profit attributable to parent company of 2,461 million yen (up 45.5% year-on-year) for the fiscal year ended March 31, 2026 (April 1, 2025 – March 31, 2026).
• By segment, sales in the purchasing business reached 6,028 million yen (up 85.7% year-on-year), increasing its proportion of total sales by 10.7 percentage points from the previous fiscal year to 35.5%.
• For the fiscal year ending March 31, 2027 (April 1, 2026 – March 31, 2027), the company forecasts consolidated net sales of 21,368 million yen (up 25.7% year-on-year) and net profit attributable to parent company of 2,468 million yen (up 0.3% year-on-year).
• The company changed its trade name from dely Inc. to kurashiru Inc. as of October 1, 2025.
• A subsidiary was established in November 2025 for the acquisition of a VTuber business, with the acquisition completed in January 2026.

The strong performance in the current fiscal year appears to be primarily driven by the significant growth in the purchasing business. While the company forecasts double-digit sales growth for the next fiscal year, the relatively modest increase in net profit attributable to the parent company may suggest ongoing strategic investments or shifts in cost structures. The acquisition of the VTuber business could indicate an effort to diversify the company’s business portfolio and secure new revenue streams.

• Arigato Service Co., Ltd. announced on May 1, 2026, a partial correction to its “Consolidated Financial Results for the Fiscal Year Ended February 2026 (Japanese GAAP).”
• The reason for the correction was an error in the descriptions within the “Summary Information (Reference) Summary of Non-consolidated Operating Results (1) Non-consolidated Operating Results” and “(2) Non-consolidated Financial Position” of the financial report published on April 14, 2026.
• Key figures corrected for the fiscal year ended February 2026 include Earnings Per Share (EPS) and Book Value Per Share (BPS).
• The revised EPS for the fiscal year ended February 2026 is ¥358.31 (previously ¥358.26), and BPS is ¥3,163.83 (previously ¥3,163.34).
• No changes were made to the figures for the fiscal year ended February 2025 or other parts of the report.

• This correction primarily addresses minor numerical discrepancies in the non-consolidated financial results for the fiscal year ended February 2026 and does not appear to involve significant alterations to consolidated performance or key financial indicators.
• Investors may consider the minimal impact of these revisions on the company’s overall financial outlook and operational status.
• Such corrections, while minor, highlight the importance of accuracy in financial disclosures and are generally seen as a part of maintaining transparency.

• Ise Chemical Industries Co., Ltd. announced its consolidated financial results for the first quarter of the fiscal year ending December 2026 (January 1 to March 31, 2026) on May 1, 2026.
• Consolidated results showed net sales of JPY 8,813 million, a 7.0% increase year-on-year. Operating profit decreased by 2.0% to JPY 1,959 million, ordinary profit fell by 1.4% to JPY 1,908 million, and profit attributable to owners of parent declined by 2.7% to JPY 1,326 million.
• By segment, the “Iodine and Natural Gas Business” reported net sales of JPY 7,628 million (up 8.3% YoY) and operating profit of JPY 1,986 million (down 0.1% YoY). The “Metal Compound Business” recorded net sales of JPY 1,185 million (down 0.8% YoY) and an operating loss of JPY 26 million (compared to an operating profit of JPY 12 million in the prior year).
• As of the end of the first consolidated quarter, total assets stood at JPY 48,920 million (a decrease of JPY 2,095 million from the previous fiscal year-end), net assets at JPY 40,416 million (an increase of JPY 346 million), and the equity ratio was 82.6% (compared to 78.5% at the previous fiscal year-end).
• The full-year consolidated performance forecast for the fiscal year ending December 2026 remains unchanged from the most recently announced figures, with projected net sales of JPY 38,000 million, operating profit of JPY 8,000 million, ordinary profit of JPY 7,800 million, and profit attributable to owners of parent of JPY 5,400 million. The annual dividend forecast is also maintained at JPY 40 per share (JPY 20 at the second quarter-end, JPY 20 at the fiscal year-end), reflecting the 10-for-1 stock split effective January 1, 2026.

• Ise Chemical Industries’ first-quarter results indicate revenue growth but a decline in profits compared to the previous year. This performance appears to be influenced by increased depreciation expenses in the Iodine and Natural Gas Business and an operating loss in the Metal Compound Business.
• Despite the mixed Q1 results, the company has maintained its full-year earnings forecast, suggesting management anticipates a recovery or stable performance in subsequent quarters.
• The consolidated balance sheet shows a robust equity ratio of 82.6%, which could indicate a strong financial position.

• Sugai Chemical Industry announced on May 1, 2026, revisions to its full-year earnings forecast for the fiscal year ending March 2026 (April 1, 2025 – March 31, 2026) and its dividend forecast.
• For the full-year FY2026, the net sales forecast was revised downward from ¥6,650 million to ¥6,432 million (a decrease of 3.3%).
• Conversely, operating profit was revised upward from ¥350 million to ¥430 million, ordinary profit from ¥363 million to ¥489 million, and net profit from ¥229.63 million to ¥277.96 million.
• The reasons for the revisions state that while net sales are expected to decrease due to customer inventory adjustments of pharmaceutical intermediates, profits improved as a result of the introduction of high value-added new products, expense reduction, and cost-cutting efforts.
• The year-end dividend forecast for FY2026 was revised upward by ¥20 per share, from the previously announced ¥70 to ¥90, in response to the revised earnings forecast (annual dividend also revised to ¥90). This revision is subject to approval at the 75th Ordinary General Meeting of Shareholders scheduled for June 23, 2026.

The announcement highlights a notable divergence where net sales were revised downward, but operating, ordinary, and net profits were all revised upward, which may be a key point for investors. This could suggest that despite challenges in sales, the company has potentially improved its profit structure and implemented effective cost management strategies. Furthermore, the increase in the dividend forecast following the upward revision of the earnings forecast can be interpreted as a reflection of the company’s proactive stance towards shareholder returns.

• G-Stream Inc. reported consolidated net sales of ¥11,997 million for the fiscal year ended March 2026, an increase of 1.7% year-over-year.
• Consolidated operating income decreased by 9.9% to ¥826 million, and net income attributable to owners of parent declined by 11.9% to ¥485 million.
• Subsidiaries collectively posted a 9.6% increase in sales and a 16.3% rise in operating income compared to the previous year.
• Growth in the OTT (media and content) and EVC (non-pharmaceutical) markets helped offset a decline in the pharmaceutical market.
• While cost of sales was largely contained due to reduced hiring and outsourcing, selling, general, and administrative (SG&A) expenses increased by 6.3% year-over-year, driven by enhanced sales activities, promotional costs, and M&A-related expenses.

Although consolidated net sales increased, the decline in operating income suggests that the rise in SG&A expenses, particularly for promotional activities and M&A-related costs, may have impacted profitability. The strong performance of subsidiaries, including the doubling of sales by an education SaaS subsidiary, indicates a successful strategy to diversify revenue streams beyond the fluctuating pharmaceutical market. This shift in market focus could be a key area for investors to monitor.

• For the first quarter of the fiscal year ending December 2026 (January 1, 2026 – March 31, 2026), consolidated revenue increased by 69.4% year-on-year to JPY 11,256 million.
• During the same period, Core Operating Income reached JPY 5,495 million, Operating Income was JPY 3,244 million, and Profit attributable to owners of the parent was JPY 1,793 million, marking a turnaround from losses in the prior-year period.
• On January 8, 2026, the company announced a licensing agreement with Santhera Pharmaceuticals Holding AG for the development, manufacturing, and commercialization of vamorolone, a Duchenne muscular dystrophy (DMD) treatment, in Japan, South Korea, Australia, and New Zealand.
• Positive topline results were announced for a Phase 3 study of the dual orexin receptor antagonist daridorexant for insomnia in South Korea, leading to the submission of a marketing authorization application to the Ministry of Food and Drug Safety (MFDS) in South Korea on March 4, 2026.
• Progress in the clinical development of the muscarinic receptor agonist portfolio, including Direclidine/NBI-1117568, NBI-1117570, NBI-1117567, and NBI-1117569, in Phase 1, Phase 2, and Phase 3 trials, was reported in collaboration with Neurocrine Biosciences Inc.

Nexera Pharma’s Q1 FY2026 results show significant revenue growth and a shift to profitability across key income metrics compared to the previous year. The advancements in multiple drug candidates through late-stage clinical development and strategic licensing agreements suggest a strengthening of the company’s pipeline for potential future revenue streams. These developments could indicate the execution of the company’s stated growth strategies.

• unerry Inc. announced the completion of its acquisition of all shares of Blogwatcher Inc. on May 1, 2026, making it a wholly-owned subsidiary.
• The acquisition cost for Blogwatcher Inc. totaled an estimated JPY 755 million, comprising JPY 748 million for common shares and JPY 7 million for due diligence expenses.
• unerry secured a JPY 750 million loan from Sumitomo Mitsui Banking Corporation, executed on May 1, 2026, for a two-year term, to partially fund the acquisition and ensure flexible working capital and financial stability for future business expansion.
• Blogwatcher Inc. is scheduled to relocate its headquarters to Hibiya Park Front 19F, Chiyoda-ku, Tokyo (the same address as unerry’s headquarters) on May 11, 2026, to improve operational efficiency through group integration and foster synergy.
• Blogwatcher Inc. will become a consolidated subsidiary as of the end of unerry’s fiscal year ending June 2026, with a minor impact on unerry’s consolidated performance for that period. Amortization of goodwill, estimated at approximately JPY 100 million annually, is expected to begin from the second quarter of the fiscal year ending June 2027.

The completion of Blogwatcher Inc.’s acquisition by unerry Inc. appears to be a strategic move to strengthen its location data platform business and expand its presence in marketing support. The relocation of Blogwatcher’s headquarters to unerry’s office could facilitate closer collaboration and accelerate synergy realization between the two entities. The secured loan for funding suggests a proactive approach to stabilizing the financial base while maintaining flexibility for future business development.

• For the non-consolidated fiscal year ended March 31, 2026, Nikkato reported net sales of ¥11,341 million, a 12.5% increase year-on-year.
• Operating profit grew by 67.9% to ¥1,071 million, ordinary profit by 59.2% to ¥1,146 million, and net income by 54.0% to ¥776 million.
• By segment, the Ceramics business saw sales increase by 10.9% year-on-year and segment profit by 86.0%, while the Engineering business recorded a 17.0% increase in sales and a 25.0% increase in segment profit.
• The annual dividend for the fiscal year ended March 31, 2026, was ¥21.00 per share, including a year-end dividend of ¥11.00.
• For the fiscal year ending March 31, 2027, the company forecasts net sales of ¥11,000 million (down 3.0% year-on-year), operating profit of ¥1,100 million (up 2.7%), ordinary profit of ¥1,150 million (up 0.4%), and net income of ¥800 million (up 3.1%). The forecast annual dividend is ¥23.00 per share.

• Nikkato achieved substantial growth across net sales and key profit metrics in FY2026/3, with robust performance in both its Ceramics and Engineering segments attributed to market recovery in the electronics industry and strong capital expenditure, respectively.
• While the sales forecast for FY2027/3 indicates a slight decrease, the projected increases in operating, ordinary, and net income may suggest a strategic focus on maintaining or improving profitability margins.
• The anticipated dividend increase for FY2027/3 could also signal the company’s confidence in its future earnings and commitment to shareholder returns.

• MK Seiko Co., Ltd. announced its consolidated financial results for the fiscal year ended March 2026 (March 21, 2025 – March 20, 2026).
• Consolidated net sales reached ¥29,788 million (up 5.4% year-on-year), operating profit was ¥2,723 million (up 36.6%), ordinary profit was ¥2,921 million (up 38.4%), and net profit attributable to parent company shareholders was ¥2,354 million (up 76.4%).
• Diluted earnings per share were ¥167.49, and the equity ratio increased to 68.5%.
• The annual dividend for the fiscal year ended March 2026 was raised to ¥15.00 per share, up from ¥10.00 in the previous fiscal year.
• For the fiscal year ending March 2027, the company forecasts consolidated net sales of ¥30,000 million (up 0.7% year-on-year), but anticipates a decrease in profits: operating profit of ¥2,200 million (down 19.2%), ordinary profit of ¥2,300 million (down 21.3%), and net profit attributable to parent company shareholders of ¥1,500 million (down 36.3%).

MK Seiko’s strong performance in the fiscal year ended March 2026, marked by significant profit growth across key metrics and an increased dividend, is noteworthy. However, the company’s forecast for a decrease in profits for the upcoming fiscal year 2027 could suggest a change in business environment or planned investments. Investors may wish to monitor the detailed reasons behind this profit outlook and the company’s future strategic direction.

• Marusan-ai Co., Ltd. announced its consolidated financial results for the second quarter (interim) of the fiscal year ending September 2026 on May 1, 2026.
• For the interim period, consolidated net sales were JPY 16,121 million (up 0.1% year-on-year), operating income was JPY 467 million (up 22.8%), ordinary income was JPY 591 million (up 62.0%), and net income attributable to owners of parent was JPY 488 million (up 68.6%).
• By segment, the soy milk and beverage business reported net sales of JPY 14,126 million (up 6.3%), with soy milk sales at JPY 12,385 million (up 6.4%) and beverage sales at JPY 1,740 million (up 6.1%).
• In contrast, net sales for the miso business decreased to JPY 607 million (down 56.7%), due to product lineup reduction and a profit-focused sales strategy as part of business portfolio restructuring.
• The full-year consolidated performance forecast for the fiscal year ending September 2026 has been revised, projecting net sales of JPY 32,886 million (up 0.0% year-on-year), operating income of JPY 893 million (up 4.2%), ordinary income of JPY 973 million (up 13.5%), and net income attributable to owners of parent of JPY 817 million (up 14.7%).

• The interim results show significant increases in operating income, ordinary income, and net income, despite a minimal rise in net sales.
• This performance appears to be driven by the strong growth in the soy milk and beverage business, coupled with a profit-focused sales strategy and cost reduction efforts, which may suggest an improvement in profitability.
• The upward revision of the full-year forecast could indicate the company’s confidence in sustaining this positive trend throughout the fiscal year.

• For the fiscal year ended February 2026, the company achieved record-high revenue of JPY 8,958 million, EBITDA of JPY 923 million, and operating profit of JPY 431 million, surpassing its initial forecasts (published on May 29, 2025).
• Net loss for the period was JPY 168 million, which was primarily influenced by a one-time loss recorded due to the structural reform (carve-out) of the DX Promotion business.
• In the earnings forecast for the fiscal year ending February 2027, approximately JPY 300 million in annual goodwill amortization is expected to depress operating profit, and as this is not tax-deductible, it results in a relatively heavier corporate tax burden on net profit.
• The carve-out of the DX Promotion business is not expected to significantly impact net income for FY2027/2, with the company aiming to offset special losses from the sale of JAPANDX and other companies (announced April 27) with special gains from the sale of GloLing and Playnextlab.
• The company plans to concentrate its management resources on the Digital Risk business and stated that it may consider future carve-outs for the Smart City and AI Security businesses.

• The FY2026/2 results suggest an improvement in core business profitability, although net income was affected by temporary costs associated with business portfolio restructuring.
• The strategy of focusing on the Digital Risk business and reorganizing less profitable segments could be interpreted as a strategic move to enhance future profitability and meet growth market listing criteria.
• Investors may wish to monitor the ongoing impact of goodwill amortization on earnings and the progression of business carve-outs, as these factors will be crucial for assessing the company’s future financial health.

• Galilei Co. resolved on May 1, 2026, at its Board of Directors meeting, to increase its year-end dividend for the fiscal year ended March 31, 2026.
• The per-share dividend for the period with a record date of March 31, 2026, will be ¥82.00. This represents an increase of ¥1.00 from the most recent forecast (announced May 7, 2025) of ¥81.00, and an increase of ¥8.00 from the previous fiscal year’s actual dividend (FY2025/3) of ¥74.00.
• The total dividend amount is ¥3,287 million, showing an increase compared to the previous fiscal year’s ¥2,964 million.
• The effective date for the dividend is June 26, 2026, and this matter is scheduled to be submitted for approval at the 75th Annual General Meeting of Shareholders on the same date.
• The dividend decision is based on the company’s fundamental shareholder return policy for the three-year period from FY2025/3 to FY2027/3, which aims to determine dividends with a target consolidated DOE (Dividend on Equity) of approximately 3.0%.

This dividend increase appears to align with the company’s stated shareholder return policy targeting a consolidated DOE of approximately 3.0%. The upward revision from the latest forecast could be interpreted as a positive signal regarding the company’s commitment to shareholder returns. Investors may find it worthwhile to monitor the company’s future adherence to this policy and its financial performance.

• Nihon Sohatsu Group announced on May 1, 2026, that its Board of Directors resolved to merge wholly-owned equity-method affiliates G1 Inc. and Playce Inc.
• G1 Inc. will be the surviving company, while Playce Inc. will be dissolved. The surviving company’s trade name will change to “PlayceCUBE Inc.”
• The effective date of the merger is scheduled for July 1, 2026.
• The merger aims to unify management resources, consolidate management structures, and integrate business operations to accelerate management decision-making, efficiently utilize resources, and enhance the agility of service provision and expansion, thereby improving the corporate value of the Group.
• The company stated that the impact of this merger on the consolidated financial results for the fiscal year ending December 2026 will be minor.

• This merger appears to be a strategic move to efficiently integrate management resources within the Group’s creative service businesses, aiming to accelerate decision-making and enhance customer value.
• By combining G1’s expertise in creative communication development and Playce’s editorial production capabilities, the merged entity may be positioned to offer more diverse solutions.
• While the immediate impact on consolidated earnings is stated to be minor, the initiative could foster long-term synergies and contribute to the Group’s overall corporate value.

• JVCKENWOOD Corporation (Code: 6632) announced its consolidated financial results for the fiscal year ended March 31, 2026.
• For FY2026/3, revenue decreased by 3.6% year-on-year to ¥356,865 million, and profit attributable to owners of the parent fell by 17.2% to ¥16,787 million.
• Business profit was ¥20,880 million (down 17.5% YoY), and operating profit was ¥20,540 million (down 5.7% YoY).
• The annual dividend per share was set at ¥18.00 (interim ¥6.00, year-end ¥12.00), an increase from ¥15.00 in the previous fiscal year.
• For the fiscal year ending March 31, 2027, the company forecasts consolidated revenue of ¥364,000 million (up 2.0% YoY), profit attributable to owners of the parent of ¥15,000 million (down 10.6% YoY), and an annual dividend of ¥20.00 per share.

The fiscal year ended March 2026 saw a decline in key profit indicators compared to the previous year. However, the increase in the annual dividend and the projected growth in revenue and business profit for the upcoming fiscal year 2027 are noteworthy points for investors. The increase in cash flow from operating activities and the higher year-end cash and cash equivalents balance may suggest a stable financial foundation.

• For the second quarter (interim period, September 2025 – February 2026) of the fiscal year ending August 2026, consolidated operating income reached ¥4,459 thousand, marking a turnaround from a loss of ¥81,918 thousand in the prior corresponding period. Ordinary loss and loss before income taxes also significantly narrowed.
• The consolidated gross profit margin improved to 41.7% in the interim period, up from 40.0% in the prior corresponding period. Happiness & D’s standalone gross profit margin increased from 31.1% to 33.6%.
• Happiness & D expanded its handling of vintage (reused) products to 54 out of 55 stores. Jewelry and gold bullion products performed strongly, with gold jewelry’s average unit price increasing by 116.5% and sales volume by 106.4% compared to the prior corresponding period.
• The exercise of all stock acquisition rights from the third-party allocation issued in November 2025 was completed, satisfying the Tokyo Stock Exchange’s listing maintenance criteria (market capitalization of tradable shares).
• The company acquired the pure gold brand “JUNGOLD” business in January 2026, with plans to strengthen e-commerce sales and custom-made product offerings.

The turnaround to consolidated operating income profitability may suggest that improvements in the business structure and effective selling, general and administrative expense reductions have been successful. The sustained improvement in the gross profit margin could indicate that efforts towards enhancing profitability are steadily yielding results, with strong sales of high-margin products like gold jewelry and vintage items contributing. The fulfillment of listing maintenance criteria and strengthening of the financial base are notable developments towards management stability and establishing a foundation for sustainable growth.

• Tokyo Steel Manufacturing Co., Ltd. announced corrections to a portion of its “FY2026 March Earnings Report (Non-consolidated)” previously disclosed on April 24, 2026.
• The reason for the correction is the discovery of an error in the fair value assessment of investment securities after the initial publication.
• As a result of the correction, total assets for FY2026 March were revised from 291,597 million yen to 292,995 million yen, and net assets from 221,132 million yen to 222,089 million yen.
• Earnings per share (EPS) were adjusted from 2,156.96 yen to 2,166.30 yen, and the ratio of ordinary profit to total assets was corrected from 3.0% to 2.9%.
• On the balance sheet, investment securities were revised from 34,012 million yen to 35,410 million yen, and deferred tax liabilities from 6,670 million yen to 7,111 million yen.

This correction addresses a specific error in the fair value assessment of investment securities, impacting several financial metrics. While total assets, net assets, and EPS were revised upwards, the ordinary profit to total assets ratio saw a slight downward adjustment. Ensuring the accuracy of financial figures is a crucial aspect for investors evaluating a company’s financial health and stability.