Japan Stock IR Daily – May 14, 2026 (158 reports)

• Nippon Shokubai reported full-year results for the fiscal year ended March 2026, with net sales of ¥399.9 billion (down 2.3% year-on-year), operating profit of ¥17.5 billion (down 8.0% year-on-year), and profit attributable to owners of parent of ¥16.8 billion (down 3.6% year-on-year).
• By segment, the Materials business recorded segment profit of ¥11.9 billion (down 24.8% year-on-year), while the Solutions business recorded segment profit of ¥6.0 billion (down 2.4% year-on-year, but up in revenue and profit excluding equity-method investment gain/loss).
• Key factors contributing to the profit decrease included increased selling, general and administrative expenses, higher manufacturing fixed costs, a decrease in inventory valuation gains, and impairment losses at equity-method affiliates.
• The company has stated that the earnings forecast for the fiscal year ending March 2027 is currently undecided due to the difficulty in reasonably calculating the impact of escalating tensions in the Middle East.
• Regarding shareholder returns, the company announced a policy to distribute dividends at 100% payout ratio or DOE of 2.0%, whichever is higher, and to acquire treasury shares with funds obtained from reducing strategic shareholdings.

Nippon Shokubai’s FY2026/3 results indicate that while spread expansion due to lower raw material prices provided a positive factor, increased SG&A expenses and impairment losses at equity-method affiliates weighed down overall profits, particularly from the Materials business. The decision to leave the FY2027/3 earnings forecast undecided highlights the significant uncertainty surrounding geopolitical risks in the Middle East and their potential impact on the company’s operations and supply chain. Investors may find it worth monitoring how the company addresses these external factors and when a more definitive outlook becomes available.

• For the first quarter of the fiscal year ending December 2026 (January 1, 2026 to March 31, 2026), sales revenue totaled ¥2,056 million, representing a 19.8% increase compared to the same period in the previous year.
• Operating income for the quarter was ¥16 million, ordinary income was ¥19 million, and net income for the quarter was ¥12 million, marking a return to profitability or significant profit growth from losses in the prior-year period.
• As of the end of the first quarter, total assets stood at ¥6,079 million, an increase of ¥723 million from the end of the previous fiscal year. Current assets increased by ¥657 million, primarily due to increases in merchandise, notes, and accounts receivable.
• Total liabilities amounted to ¥2,259 million, an increase of ¥758 million from the end of the previous fiscal year, mainly driven by an ¥807 million increase in notes and accounts payable.
• The full-year performance forecast for the fiscal year ending December 2026 and the annual dividend forecast of ¥6.00 per share remain unchanged from the most recently published figures.

Ｇ－ユニネク’s Q1 FY2026 results indicate robust sales growth and a significant turnaround in profitability across all income levels compared to the prior year. Achieving profitability in the first quarter, typically an off-season for uniform sales, suggests effective strategies. The reported increases in merchandise inventory and the advancement of their hybrid sales model may have contributed to these results. Investors may want to continue monitoring the company’s progress against its full-year earnings forecast.

• Renova Inc. reported consolidated results for the fiscal year ended March 2026: net sales of JPY 87,622 million (up 24.7% year-on-year), EBITDA of JPY 30,526 million (up 31%), and operating income of JPY 8,283 million (up 104%).
• For the fiscal year ending March 2027, the company forecasts consolidated net sales of JPY 95,700 million (up 9% year-on-year), EBITDA of JPY 33,800 million (up 11%), and operating income of JPY 11,300 million (up 36%).
• In March 2026, the investment decision and construction start for the Kikukawa Nishimura Battery Storage Project (90MW/270MWh) were announced, with project finance secured as one of Japan’s largest market-sale battery storage projects. Operations are scheduled to commence in FY2028.
• The Power Purchase Agreement (PPA) for the Reihoku-Amakusa Onshore Wind Project is stated to be nearing finalization.
• Planned annual maintenance days for biomass power generation projects in FY2027/3 are projected to decrease by 57 days year-on-year to 194 days, with maintenance primarily concentrated in the first quarter.

Renova’s strong performance in the fiscal year ended March 2026, driven by full-year contributions from biomass power plants and project development fees, indicates successful execution of its growth strategy. The significant increase in operating income suggests improved operational efficiency and profitability. The successful project financing for the Kikukawa Nishimura Battery Storage Project, a large-scale market-sale initiative, highlights the company’s commitment to expanding its battery storage portfolio. Investors may also note the projected reduction in maintenance days for biomass operations in FY2027/3, which could contribute to sustained earnings growth.

• Will 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).
• Consolidated net sales amounted to ¥4,143 million, a 33.6% increase compared to the same period of the previous year.
• Consolidated operating profit reached ¥434 million (up 122.2% year-on-year), and ordinary profit was ¥394 million (up 135.0% year-on-year).
• Profit attributable to owners of parent was ¥236 million, marking a 137.7% increase year-on-year.
• By segment, the Real Estate Development and Sales business reported net sales of ¥2,602 million (up 47.9% year-on-year) and operating profit of ¥193 million (up 127.5% year-on-year), driving overall sales. The Real Estate Brokerage business also performed strongly with net sales of ¥1,044 million (up 30.3% year-on-year) and operating profit of ¥355 million (up 113.9% year-on-year).

Will’s Q1 FY2026 results show substantial year-on-year growth across net sales and all profit metrics. This performance appears to be primarily driven by strong sales progress in the Real Estate Development and Sales business, coupled with an increase in contract volumes and commission fees within the Real Estate Brokerage business. The robust start to the fiscal year suggests that investors may wish to monitor the company’s progress against its full-year earnings forecast.

• G-Libcon (Code: 480A) announced its consolidated financial results for the first quarter of the fiscal year ending December 2026 (January 1, 2026 to March 31, 2026).
• For the first quarter, consolidated net sales were ¥1,805 million, EBITDA ¥324 million, operating income ¥295 million, ordinary income ¥303 million, and net income attributable to owners of parent ¥201 million.
• Year-on-year growth rates are not provided as the company did not prepare consolidated financial statements for the first quarter of the fiscal year ended December 2025.
• The full-year consolidated earnings forecast for the fiscal year ending December 2026 remains unchanged, with net sales projected at ¥7,086 million (16.0% increase year-on-year) and net income attributable to owners of parent at ¥721 million (41.2% increase year-on-year).
• As of the end of the first quarter, total assets stood at ¥4,535 million, net assets at ¥3,770 million, and the equity ratio at 82.9%.

G-Libcon has disclosed its first consolidated Q1 financial results. While direct year-on-year comparisons are unavailable, these figures provide a baseline for evaluating progress against the full-year forecast. The high equity ratio of 82.9% may suggest a strong financial position, which could be a point of interest for investors monitoring the company’s stability.

• Tokai Carbon has released its presentation materials for the first quarter of the fiscal year ending December 2026.
• The document summarizes information regarding the company’s financial performance and business activities during the first quarter.
• The fiscal year in question is FY2026, and the disclosed information specifically covers the first quarter.

The released earnings presentation materials provide fundamental information for understanding Tokai Carbon’s current business status and financial health. Investors may be looking for detailed numerical data on revenue, profit margins, and segment performance to gain insights into the company’s present condition and future outlook. Comparisons to the prior year’s same quarter and against broader market trends could be crucial for evaluating the company’s competitiveness and growth strategies.

• ERITZ HOLDINGS announced its consolidated financial results for the second quarter (cumulative) of the fiscal year ending September 2026.
• Net sales reached ¥3.526 billion, an increase of 8.2% compared to the same period of the previous year.
• Operating profit amounted to ¥0.590 billion, marking a 16.1% increase year-on-year.
• Net income attributable to owners of the parent was ¥0.389 billion, up 18.4% from the prior year’s period.
• Key Performance Indicators (KPIs) include a 1.7% increase (209 units) in rental brokerage contracts and a 1.5% increase (430 units) in rental property management units compared to the end of the previous fiscal year.
• Growth was observed across the real estate brokerage, real estate management, and resident support businesses, with spot transactions also contributing to profit.
• The full-year consolidated earnings forecast remains unchanged as of this earnings announcement.

ERITZ HOLDINGS’ Q2 results demonstrate solid revenue and profit growth across all segments, indicating a stable expansion of its core businesses. The increase in both rental brokerage contracts and managed property units suggests a strengthening foundation for the company’s business model. The contribution from spot transactions also highlights an additional revenue stream that helped boost profitability.

• O.B.System reported record-high financial results for the fiscal year ended March 2026, with net sales of ¥8,655 million (up 12.6% YoY), gross profit of ¥1,675 million (up 15.7% YoY), operating income of ¥672 million (up 19.5% YoY), ordinary income of ¥727 million (up 18.9% YoY), and net income attributable to owners of the parent of ¥599 million (up 23.6% YoY).
• Despite a decrease in orders due to the completion of large projects in the banking sector, the expansion of the insurance sector and M&A (consolidation of Green Cat Co., Ltd.) contributed to the increase in net sales.
• Selling, general, and administrative expenses increased to ¥1,003 million (up 13.3% YoY) due to higher personnel costs and training expenses for staffing reinforcement, but the increase in gross profit absorbed these costs, leading to higher profits.
• The equity ratio stood at 74.8% (down 4.2 percentage points from the previous fiscal year-end), and net assets increased to ¥5,698 million.
• Operating cash flow was ¥329 million, and free cash flow significantly increased.

O.B.System’s achievement of record-high sales and profits, despite the completion of a major project in its core banking sector, suggests successful strategic diversification through M&A and growth in the insurance domain. The ability to absorb increased SG&A expenses from proactive investments while still expanding profitability could indicate effective business management and a resilient operational model. The continued strong equity ratio further highlights the company’s solid financial foundation, which may be a point of interest for investors.

• Asax Co., Ltd. announced on May 14, 2026, an “Amendment to the ‘Notice of Revision to Dividend Forecast (Increase in Dividend)'”.
• The amendment addresses the incorrect attachment of past disclosure materials in the original “Notice of Revision to Dividend Forecast (Increase in Dividend)” released on May 13, 2026.
• According to the May 13, 2026, announcement, the year-end dividend forecast for the fiscal year ending March 2026 has been revised.
• The revised year-end dividend per share is ¥22.00 (annual total ¥22.00), an increase of ¥2.00 from the previous forecast of ¥20.00 (announced on May 1, 2025).
• The reason for the dividend forecast revision is stated as the company’s strong performance and its policy of actively returning profits to shareholders.

This IR correction clarifies that the original dividend forecast revision (an increase) remains unchanged, and the correction pertains only to an erroneously attached document. Investors may view this as a reaffirmation of the increased dividend and an indication of the company’s commitment to accurate information disclosure. The increased dividend itself reflects the company’s efforts to enhance profitability and its intent to actively return profits to shareholders.

• JOYL’s consolidated financial results for the fiscal year ended March 2026 show net sales of ¥226.57 billion, operating income of ¥4.40 billion, ordinary income of ¥5.78 billion, and net income attributable to owners of the parent of ¥4.75 billion.
• Compared to the previous fiscal year, net sales decreased by ¥4.21 billion (98.2%), and operating income decreased by ¥4.17 billion (51.4%), resulting in decreased revenue and profit.
• Operating income for the Oils & Fats Business was ¥3.38 billion (40.9% year-on-year), while the Specialty Food Business reported operating income of ¥0.83 billion (613.1% year-on-year).
• The consolidated forecast for the fiscal year ending March 2027 projects net sales of ¥243.00 billion, operating income of ¥5.50 billion, ordinary income of ¥6.20 billion, and net income attributable to owners of the parent of ¥5.00 billion.
• The company plans an annual dividend of ¥80 for the fiscal year ending March 2027, an increase of ¥10 from the previous year.

JOYL’s FY2026/3 results show a revenue and profit decline, primarily attributed to cost increases that price revisions could not fully offset, particularly impacting the Oils & Fats business. In contrast, the Specialty Food business demonstrated significant profit growth, highlighting diverging performance across segments. The company’s FY2027/3 forecast projects a recovery with increased revenue and profit, suggesting that the completion of price revisions and expansion into high-value-added areas may be key drivers. The planned dividend increase could also indicate confidence in future profitability improvements.

• Snow Brand Megmilk Co., Ltd. announced its consolidated financial results for the fiscal year ended March 2026.
• Consolidated net sales amounted to ¥615,761 million, representing a slight decrease of 0.0% year-on-year.
• Consolidated operating profit was ¥18,266 million, a decrease of 4.5% compared to the previous fiscal year.
• Net profit attributable to owners of parent significantly increased by 136.6% year-on-year, reaching ¥32,897 million.
• This substantial increase in net profit was primarily driven by the recording of gains from the sale of policy-held shares.
• Earnings per share (EPS) for the fiscal year ended March 2026 was ¥524.82.
• A resolution for share buybacks has been announced, and its impact has been considered in the projected EPS for the fiscal year ending March 2027.

The significant increase in net profit attributable to owners of parent was primarily a result of gains from the sale of policy-held shares, which suggests a strategic portfolio adjustment. While sales remained largely flat, the decrease in operating profit could indicate pressures from rising costs or increased promotional spending. For the upcoming fiscal year, the company forecasts both revenue and operating profit growth, and the impact of the announced share buyback on EPS will be a key point for investors to monitor.

• Unitika Ltd. has announced its consolidated financial results for the fiscal year ended March 31, 2026.
• Consolidated net sales amounted to ¥118,563 million, marking a 6.2% decrease compared to the previous fiscal year.
• Operating profit was ¥10,549 million, representing an 80.3% increase year-on-year.
• Ordinary profit reached ¥10,392 million, an increase of 121.4% from the prior fiscal year.
• Net profit attributable to parent company shareholders turned profitable at ¥18,153 million, a significant improvement from a loss of △¥24,283 million in the previous period.
• Earnings per share (EPS) for the period stood at ¥310.33.
• The equity ratio improved to 35.7%.
• The consolidated earnings forecast for the fiscal year ending March 31, 2027, projects net sales of ¥84,000 million (a 29.2% decrease year-on-year), operating profit of ¥8,000 million (a 24.2% decrease), and net profit attributable to parent company shareholders of ¥5,000 million (a 72.5% decrease).

Unitika’s FY2026 results show a notable improvement in profitability, with operating profit, ordinary profit, and net profit attributable to parent company shareholders all increasing significantly, despite a decrease in net sales. This turnaround could suggest that the company’s structural reforms, including business divestitures and cost reduction initiatives, are yielding positive results. Investors may want to monitor the company’s progress on these reforms and how they will impact the forecasted decline in sales and profits for FY2027.

• Daiki Aluminium Industry Co., Ltd. announced its consolidated financial results for the fiscal year ended March 31, 2026 (April 1, 2025 – March 31, 2026).
• Consolidated net sales reached ¥331,109 million, an increase of 10.4% year-on-year.
• Operating profit was ¥7,268 million (up 50.4% YoY), and ordinary profit was ¥5,620 million (up 49.9% YoY).
• Profit attributable to owners of parent significantly increased to ¥3,680 million, a 426.4% rise from the previous fiscal year.
• For the fiscal year ending March 31, 2027 (April 1, 2026 – March 31, 2027), the company forecasts consolidated net sales of ¥386,700 million (up 16.8% YoY) and profit attributable to owners of parent of ¥8,840 million (up 140.2% YoY).
• The annual dividend for FY2026 was finalized at ¥55.00 (interim ¥25.00, year-end ¥30.00), and the forecast for FY2027 is ¥70.00 (interim ¥35.00, year-end ¥35.00).

Daiki Aluminium’s FY2026 results show substantial growth across all key profit metrics, with a notable 426.4% increase in profit attributable to owners of parent. This performance may suggest the positive impact of rising LME prices, robust demand, pricing adjustments, and material shifts on the company’s profitability. The strong FY2027 outlook, anticipating continued revenue and profit growth alongside an increased dividend forecast, could indicate the company’s confidence in its future operational trajectory and strategic initiatives.

• Kikusui Chemical Industry announced its consolidated financial results for the fiscal year ended March 31, 2026 (April 1, 2025 – March 31, 2026).
• Consolidated net sales amounted to ¥21,602 million, representing a 1.0% increase from the previous fiscal year.
• Consolidated operating profit was ¥403 million (up 52.3% year-on-year), and consolidated ordinary profit was ¥495 million (up 44.9% year-on-year).
• Profit attributable to owners of parent reached ¥270 million, marking a 63.1% increase from the prior year.
• The consolidated performance forecast for the fiscal year ending March 31, 2027, is currently undetermined due to the difficulty in making reasonable estimates impacted by the situation in the Middle East.
• The year-end dividend is set at ¥10.00 per share, making the annual dividend ¥17.00 (same as the previous year).

Kikusui Chemical Industry’s FY2026/3 results show significant profit growth despite a modest increase in net sales, which may suggest improved profitability and operational efficiency. The substantial rise in operating profit, exceeding 50%, could indicate effective cost management or higher-margin product sales. However, the decision to leave the FY2027/3 forecast undetermined due to geopolitical factors introduces an element of uncertainty, which investors might consider when evaluating future prospects.

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

• G-mirai works reported consolidated net sales of ¥5,846 million for the second quarter of the fiscal year ending September 2026, marking a 2.2% increase year-on-year.
• Operating profit stood at ¥253 million, a 2.0% increase from the same period last year, and ordinary profit was ¥256 million, also up 2.0% year-on-year.
• Net income attributable to owners of parent increased by 13.6% year-on-year to ¥175 million.
• Basic earnings per share for the interim period were ¥33.81.
• The full-year consolidated earnings forecast for the fiscal year ending September 2026 (Net sales ¥13,000 million, Operating profit ¥600 million, Ordinary profit ¥600 million, Net income attributable to owners of parent ¥360 million) remains unchanged.

G-mirai works’ Q2 results demonstrate growth in both revenue and various profit metrics. The higher growth rate in net income attributable to owners of parent, compared to other profit figures, may suggest improved profitability or efficiency within the company. The decision to keep the full-year forecast unchanged indicates management’s current view on future performance, which will likely be a point of continued observation for investors.

• Consolidated net sales for the fiscal year ended March 31, 2026, increased by 14.0% year-on-year to ¥44,554 million.
• Consolidated operating profit for the same period was ¥974 million (down 27.6% year-on-year), and ordinary profit was ¥658 million (down 37.1% year-on-year).
• Net income attributable to parent company shareholders increased by 4.0% year-on-year to ¥950 million.
• For the fiscal year ending March 31, 2027 (forecast), the company projects consolidated net sales of ¥55,700 million (up 25.0% year-on-year) and operating profit of ¥1,500 million (up 53.9% year-on-year).
• The annual dividend per share is projected to remain at ¥50.00 (¥25.00 interim, ¥25.00 year-end) for both FY2026/3 and FY2027/3 (forecast).
• Effective from the current consolidated fiscal year, the company has changed its reporting segments, establishing a new Functional Materials segment for its functional materials business.
• A significant change in the scope of consolidation occurred during the period, with PT. SHIKIBO MERMAID INDONESIA newly consolidated.

Shikibo’s FY2026/3 results show a significant increase in net sales, which may be largely attributed to the business acquisition from Unitika Group. However, the decline in operating and ordinary profits could indicate the impact of acquisition-related expenses and increased depreciation costs from new factory operations. The rise in net income attributable to parent shareholders might be influenced by one-time factors such as the recognition of negative goodwill from the business acquisition. The robust FY2027/3 forecast for sales and operating profit suggests that the full benefit of the acquisition and potential changes in cost structure could be key factors for investors to monitor.

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

• Chikaranomoto Holdings Co., Ltd. announced its consolidated financial results for the fiscal year ended March 31, 2026 (April 1, 2025 – March 31, 2026).
• Net sales for the period were ¥36,261 million, an increase of 6.1% compared to the previous fiscal year.
• Operating income was ¥2,325 million (down 17.3% year-on-year), and ordinary income was ¥2,582 million (down 9.1% year-on-year).
• Profit attributable to owners of parent was ¥1,829 million, an increase of 4.0% compared to the previous fiscal year.
• For the fiscal year ending March 31, 2027, the company forecasts consolidated net sales of ¥40,125 million (up 10.7% year-on-year), operating income of ¥2,595 million (up 11.6% year-on-year), and profit attributable to owners of parent of ¥1,807 million (down 1.2% year-on-year).
• The annual dividend for FY2026/3 was ¥20 (¥10 interim, ¥10 year-end), and the forecast for FY2027/3 is ¥24 (¥12 interim, ¥12 year-end).

Chikaranomoto HD’s FY2026/3 results show a revenue increase, but a decrease in operating and ordinary income, while net profit attributable to owners of parent saw an increase. This could suggest a shift in the company’s profit structure despite top-line growth. Investors may focus on the quality of earnings and the underlying reasons for the projected slight decrease in net profit attributable to owners of parent for FY2027/3, even with forecasted increases in sales and operating income.

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

• TechmoMathematica Inc. has announced its non-consolidated financial results for the fiscal year ended March 31, 2026 (April 1, 2025 – March 31, 2026).
• Net sales for FY2026 reached ¥685 million, marking a 64.6% increase compared to the previous fiscal year.
• The company reported an operating income of ¥44 million (vs. an operating loss of ¥286 million in FY2025), ordinary income of ¥106 million (vs. an ordinary loss of ¥282 million in FY2025), and net income of ¥85 million (vs. a net loss of ¥285 million in FY2025), indicating a return to profitability.
• Basic earnings per share stood at ¥33.16 for FY2026, compared to a loss per share of ¥109.91 in FY2025.
• For the fiscal year ending March 31, 2027, the company forecasts full-year net sales of ¥705 million (a 2.8% increase YoY) and a net income of ¥31 million (a 64.0% decrease YoY).

The significant increase in net sales and the return to profitability across all key income metrics for FY2026 are notable for investors, suggesting successful business expansion and project acquisitions in both the software license and solution divisions. However, the forecast for FY2027, while projecting continued revenue growth, anticipates a substantial decrease in net income, which may warrant further analysis into the company’s future cost structure and profitability drivers. This divergence between revenue and profit growth in the outlook could indicate shifting operational dynamics.

• G-Toyokumo announced its consolidated financial results for the first quarter of the fiscal year ending December 2026 (January 1, 2026 – March 31, 2026).
• Sales revenue reached 1,389 million yen, marking a 29.0% increase compared to the same period last year.
• EBITDA was 665 million yen (+70.0% YoY), operating profit was 600 million yen (+80.5% YoY), and ordinary profit was 604 million yen (+81.2% YoY).
• Net profit attributable to owners of the parent company increased by 82.9% year-on-year to 401 million yen.
• Earnings per share for the quarter were 36.72 yen.
• There were no revisions to the consolidated full-year earnings forecast or the dividend forecast for the fiscal year ending December 2026 from the most recently published figures.

G-Toyokumo’s Q1 FY2026 results show significant year-over-year growth across sales and all profit metrics. The higher growth rates in operating and net profit compared to sales growth may suggest an improvement in profitability. The sustained performance of its cloud service business will be a key area to monitor in future earnings reports.

• Sanwa Holdings Corporation has announced its consolidated financial results for the fiscal year ended March 31, 2026.
• Net sales were ¥660,712 million (down 0.3% from the previous year), operating profit was ¥79,095 million (down 1.8%), and ordinary profit was ¥80,647 million (down 4.0%).
• Profit attributable to owners of parent increased by 3.9% to ¥59,776 million.
• The annual dividend per share increased from ¥106 in the prior year to ¥130.
• For the fiscal year ending March 31, 2027, the company forecasts consolidated net sales of ¥677,000 million (up 2.5% year-on-year), operating profit of ¥81,000 million (up 2.4%), and profit attributable to owners of parent of ¥60,000 million (up 0.4%).

Sanwa Holdings’ FY2026 results show a slight decline in net sales, operating, and ordinary profit, but an increase in net profit attributable to owners of parent, which may suggest improved efficiency or contributions from non-operating income. The significant increase in the annual dividend could indicate a strong commitment to shareholder returns. The company’s forecast for FY2027 projects growth in both revenue and profit, which is worth monitoring for investors.

• Toyo Engineering reported consolidated net sales of ¥182,941 million for the fiscal year ended March 31, 2026, marking a 34.2% decrease compared to the previous fiscal year.
• The company recorded an operating loss of ¥19,003 million, an ordinary loss of ¥11,398 million, and a net loss attributable to owners of parent of ¥14,944 million for the same period.
• Basic earnings per share for the fiscal year ended March 31, 2026, was ¥-255.03.
• The annual dividend for the fiscal year ended March 31, 2026, was ¥0.00.
• For the fiscal year ending March 31, 2027, the company forecasts consolidated net sales of ¥190,000 million (a 3.9% increase year-on-year), operating profit of ¥3,000 million, ordinary profit of ¥7,500 million, and net profit attributable to owners of parent of ¥6,000 million, with a planned year-end dividend of ¥25.00.

The fiscal year 2026 consolidated results indicate a significant decline in revenue and a shift to losses across all key profitability metrics, suggesting a challenging period possibly influenced by specific project impacts or broader market conditions. However, the company’s forecast for fiscal year 2027 projects a return to revenue growth and profitability, along with the resumption of dividends. This outlook may suggest management’s confidence in an operational recovery. Investors could find it valuable to monitor the company’s progress against these forward-looking statements.

• For the fiscal year ended March 31, 2026, Zuken reported consolidated net sales of ¥43,101 million (up 5.8% year-on-year), operating profit of ¥5,865 million (up 8.8%), ordinary profit of ¥7,133 million (up 20.2%), and profit attributable to owners of parent of ¥5,400 million (up 3.3%).
• The annual dividend per share is projected to be ¥200, an increase of ¥100 from the previous fiscal year, comprising a regular dividend of ¥100 and a commemorative dividend of ¥100.
• For the fiscal year ending March 31, 2027, the company forecasts consolidated net sales of ¥46,000 million (up 6.7% year-on-year), operating profit of ¥6,700 million (up 14.2%), ordinary profit of ¥7,800 million (up 9.3%), and profit attributable to owners of parent of ¥5,700 million (up 5.6%).
• The annual dividend per share for the fiscal year ending March 31, 2027, is expected to be ¥150, reflecting a ¥50 increase in the regular dividend from ¥100.
• Total assets reached ¥67,625 million, net assets were ¥41,277 million, and the equity ratio stood at 61.0%.

Zuken’s FY2026/3 results demonstrate robust performance with increases across all key profit metrics, notably a significant 20.2% rise in ordinary profit, which may suggest improved operational efficiency. The substantial increase in the annual dividend, including a commemorative payout, along with a projected further increase for FY2027/3, could indicate a strong commitment to shareholder returns. The positive outlook for FY2027/3, forecasting continued sales and profit growth, suggests sustained business momentum and may be a point of interest for investors.

• Ｇ－ＡｅｒｏＥｄｇｅ announced its Q3 FY2026 financial results for the period from July 1, 2025, to March 31, 2026.
• Cumulative net sales reached ¥3.775 billion, marking a 36.0% increase year-on-year, while operating profit grew by 67.9% to ¥1.007 billion.
• Ordinary profit was ¥969 million (+81.4% YoY), and quarterly net profit was ¥660 million (+44.2% YoY).
• The equity ratio as of the end of Q3 FY2026 stood at 39.4%.
• The full-year FY2026 forecast remains unchanged, projecting net sales of ¥5.050 billion (+40.2% YoY) and operating profit of ¥1.070 billion (+63.3% YoY).

G-AeroEdge achieved significant revenue and profit growth this quarter, largely attributed to the recovery and expansion of aircraft demand, which boosted sales of its core titanium-aluminum low-pressure turbine blades. The company is actively pursuing mass production of new materials and the launch of new aircraft engine components, suggesting ongoing efforts to build a foundation for future business expansion. While increased upfront investments have been reported, their contribution to future earnings will be worth monitoring.

• Roland’s consolidated net sales for the first quarter of fiscal year 2026 (January 1 to March 31, 2026) were ¥25,633 million, representing a 13.7% increase year-on-year.
• Consolidated operating profit amounted to ¥1,947 million, a 35.0% increase compared to the same period last year.
• Consolidated ordinary profit was ¥1,731 million, an increase of 28.9% year-on-year.
• Net profit attributable to owners of parent decreased by 22.1% year-on-year to ¥1,429 million.
• By product category, keyboard instruments saw a 19.2% increase, wind & percussion instruments a 16.3% increase, and guitar-related equipment a 20.9% increase. However, creation-related equipment & services decreased by 6.6%, and video & audio equipment by 21.0%.
• The full-year consolidated earnings forecast for FY2026 remains unchanged, projecting net sales of ¥106,400 million (up 5.4% year-on-year), operating profit of ¥10,000 million (up 6.2% year-on-year), and net profit attributable to owners of parent of ¥7,200 million (up 232.1% year-on-year).

Roland’s Q1 results show strong year-over-year growth in both net sales and operating profit, which may suggest effective product strategies and market recovery in key segments. However, the decline in net profit attributable to owners of parent warrants investor attention to understand underlying factors. With the full-year forecast maintained, the company’s ability to sustain growth and manage profitability throughout the year will be a key focus for stakeholders.

• Daiei Kankyo reported net sales of ¥87,855 million (up 9.6% year-on-year) and operating profit of ¥22,189 million (up 3.0% year-on-year) for the fiscal year ended March 2026.
• For the fiscal year ending March 2027, the company projects net sales of ¥93,900 million (up 6.9% year-on-year) and operating profit of ¥24,300 million (up 9.5% year-on-year).
• As part of key initiatives, Daiei Kankyo acquired Scarabe Sacre Co., Ltd. and four other companies as consolidated subsidiaries in October 2025, expanding its business area by securing final disposal sites in the Kyushu and Okinawa regions.
• According to the consolidated statement of income for the fiscal year ended March 2026, EBITDA was ¥31,908 million (up 14.7% year-on-year) and profit attributable to owners of parent was ¥15,845 million (up 10.3% year-on-year).
• By business segment, environmental-related business recorded net sales of ¥85,248 million (up 10.0% year-on-year), with the soil remediation business notably growing to ¥7,159 million (up 47.3% year-on-year).

• For the fiscal year ended March 31, 2026 (April 1, 2025 – March 31, 2026), Nissui reported consolidated net sales of ¥931,265 million (up 5.1% year-over-year), operating profit of ¥40,430 million (up 27.2%), ordinary profit of ¥43,187 million (up 22.3%), and profit attributable to owners of parent of ¥27,517 million (up 8.4%).
• Net sales, operating profit, ordinary profit, and profit attributable to owners of parent all achieved record highs.
• The annual dividend per share increased from ¥28.00 in FY2025/3 to ¥32.00 in FY2026/3. The forecast for the FY2027/3 annual dividend is ¥32.00.
• Significant changes occurred in the scope of consolidation, with two new companies, PESQUERA YADRAN S.A. and CULTIVOS YADRAN S.A., being added, and one company, Seinan Suisan Co., Ltd., being excluded.
• The consolidated earnings forecast for FY2027/3 projects net sales of ¥980,000 million (up 5.2% year-over-year), operating profit of ¥42,500 million (up 5.1%), ordinary profit of ¥43,000 million (down 0.4%), and profit attributable to owners of parent of ¥29,000 million (up 5.4%).

Nissui’s achievement of record-high performance in FY2026/3, coupled with an increased annual dividend, may suggest a strong commitment to shareholder returns. The additions to and removals from the scope of consolidation, along with the forecasted increase in sales and most profit metrics for FY2027/3, could indicate continued strategic growth in its business operations. Further analysis of segment-specific performance would be worthwhile for investors to evaluate the company’s future direction.

• LINK & M (2170) announced its consolidated financial results for the first quarter of the fiscal year ending December 2026 (January 1, 2026, to March 31, 2026).
• Consolidated revenue reached ¥10,688 million, marking a 14.1% increase compared to the same period of the previous year.
• Consolidated operating profit was ¥1,489 million, an increase of 21.9% year-on-year.
• Profit attributable to owners of the parent for the quarter amounted to ¥867 million, up 16.2% from the prior year.
• In the Organization Development Division, revenue was ¥4,287 million (up 118.7% YoY) and segment profit was ¥2,954 million (up 120.2% YoY). The Consulting and Cloud Services business specifically reported revenue of ¥3,411 million (up 111.2% YoY) and gross profit of ¥2,491 million (up 111.5% YoY), with a significant year-on-year increase in monthly subscription revenue for “Motivation Cloud.”

LINK & M’s Q1 FY2026 results demonstrate significant year-on-year growth across revenue and all profit stages, aligning with expectations. The strong performance appears to be driven by its focus on consulting and cloud services, with “Motivation Cloud” serving as a key growth driver. This trend could indicate increasing demand for the company’s services amidst a growing emphasis on human capital management, making future business developments worth monitoring.

• Ishimitsu Shoji Co., Ltd. announced its consolidated financial results for the fiscal year ended March 31, 2026.
• Net sales for the period amounted to ¥76,527 million, marking a 17.8% increase compared to the previous fiscal year.
• Operating profit reached ¥2,707 million (up 73.8% year-on-year), and ordinary profit was ¥2,161 million (up 61.7% year-on-year).
• Net profit attributable to parent company increased by 42.8% to ¥1,267 million.
• Earnings per share were ¥163.18.
• The company plans to implement annual dividends twice a year (interim and year-end) starting from the fiscal year ending March 31, 2027. The forecast for the FY2027/3 annual dividend is ¥55 (interim ¥20, year-end ¥35, including a ¥5 commemorative dividend).

Ishimitsu Shoji’s FY2026/3 results show significant growth across all key financial metrics, with operating profit increasing by over 70%. This strong performance may suggest positive initial outcomes from their new mid-term management plan, “SHINE2027,” which focuses on growth investments and internal system strengthening. The initiation of an interim dividend and an increased annual dividend forecast for FY2027/3 could indicate a more robust shareholder return policy, which may be worth monitoring for investors.

• For the fiscal year ended March 2026, consolidated net sales were ¥9.881 billion, a 7.3% decrease from the previous fiscal year.
• Operating profit was ¥200 million (down 19.7% YoY), ordinary profit was ¥204 million (up 17.3% YoY), and profit attributable to owners of parent was ¥219 million (down 85.6% YoY).
• Total assets stood at ¥11.914 billion, net assets at ¥6.116 billion, and the equity ratio increased to 51.2% from 48.4% in the prior period.
• For the fiscal year ending March 2027 (forecast), the company projects consolidated net sales of ¥10.591 billion (up 7.2% YoY) and profit attributable to owners of parent of ¥288 million (up 31.1% YoY).
• A year-end dividend of ¥1.22 per share is planned for FY2027/3 (forecast), which would be the total annual dividend.

Hiramatsu’s FY2026/3 results show a decline in revenue and net profit, which the company attributes to accounting treatment following the transfer of hotel assets. However, an improved equity ratio suggests enhanced financial stability, which may be a point of interest for investors. The positive forecast for FY2027/3 indicates anticipated recovery in business activities and profit improvement efforts, which could be worth monitoring.

• IACE Travel reported consolidated results for the fiscal year ended March 2026: Revenue of ¥3,015 million (up 11.9% YoY), Operating Profit of ¥754 million (up 24.2% YoY), Ordinary Profit of ¥755 million (up 28.6% YoY), and Net Profit attributable to owners of parent of ¥529 million (up 34.2% YoY).
• Diluted EPS for FY2026 was ¥111.39, with adjusted diluted EPS at ¥111.09.
• Total assets reached ¥5,774 million (up ¥884 million from previous fiscal year-end), net assets ¥4,290 million (up ¥1,436 million), and the equity ratio stood at 74.3%.
• A year-end dividend of ¥30.00 per share (total annual dividend also ¥30.00) is planned for FY2026.
• The consolidated forecast for the full fiscal year ending March 2027 projects Revenue of ¥3,375 million (up 11.9% YoY), Operating Profit of ¥900 million (up 19.3% YoY), Ordinary Profit of ¥900 million (up 19.2% YoY), Net Profit attributable to owners of parent of ¥600 million (up 13.3% YoY), and EPS of ¥125.85.

IACE Travel’s FY2026 results indicate a strong performance, with double-digit growth across revenue and all profit metrics, notably a more than 30% increase in net profit. The company’s forecast for continued revenue and profit growth in FY2027 suggests an anticipation of sustained favorable business conditions. These figures may suggest a positive trend in the company’s operational efficiency and market demand for its services.

• Internet Initiative Japan Inc. (IIJ) announced its consolidated financial results for the fiscal year ended March 31, 2026 (April 1, 2025 – March 31, 2026).
• Revenue totaled ¥345,395 million (up 9.0% year-on-year), operating profit was ¥34,835 million (up 15.7% year-on-year), and profit attributable to owners of the parent was ¥24,188 million (up 21.3% year-on-year).
• Basic earnings per share were ¥136.51, compared to ¥112.68 in the previous fiscal year.
• The annual dividend for the fiscal year ended March 31, 2026, was ¥39.00 per share (¥19.50 interim, ¥19.50 year-end), an increase from ¥35.00 in the previous fiscal year.
• For the fiscal year ending March 31, 2027 (April 1, 2026 – March 31, 2027), the company forecasts consolidated revenue of ¥385,000 million (up 11.5% year-on-year), operating profit of ¥38,500 million (up 10.5% year-on-year), and profit attributable to owners of the parent of ¥25,000 million (up 3.4% year-on-year). The projected annual dividend is ¥43.00 per share (¥21.50 interim, ¥21.50 year-end).

• Asteria Corporation announced its consolidated financial results for the fiscal year ended March 31, 2026 (April 1, 2025 – March 31, 2026).
• Revenue reached ¥3,389 million, marking a 6.9% increase compared to the previous fiscal year.
• Profit attributable to owners of the parent company stood at ¥799 million, a 35.7% increase year-on-year.
• Operating profit was ¥1,025 million (up 31.2% year-on-year), and profit before tax was ¥974 million (up 27.2% year-on-year).
• The Investment Business segment recorded valuation gains, primarily from SpaceX.
• For the fiscal year ending March 31, 2027, consolidated performance forecasts include revenue of ¥3,700 million (up 9.2% year-on-year) and operating profit of ¥1,100 million (up 7.3% year-on-year).
• The year-end dividend for the fiscal year ended March 31, 2026, is ¥9.00, and for the fiscal year ending March 31, 2027 (forecast), it is ¥10.00.

Asteria’s FY2026/3 results highlight stable revenue growth, significantly boosted by valuation gains from SpaceX in the Investment Business segment. The software business’s subscription sales drove revenue expansion, suggesting a solid recurring revenue base. The company forecasts continued growth in both revenue and profit for the next fiscal year, which may indicate management’s confidence in its ongoing strategies and market position.

• SSSK HD resolved to revise its year-end dividend forecast (increase) for the fiscal year ending March 2026 at a board meeting held on May 14, 2026.
• The revised year-end dividend forecast per share is ¥25.00.
• The previous year-end dividend forecast per share, announced on February 13, 2026, was ¥24.00.
• The reason for the revision is attributed to achieving better-than-expected performance for the fiscal year ending March 2026 and a comprehensive consideration of financial conditions.
• This dividend forecast is conditional upon approval at the 32nd Ordinary General Meeting of Shareholders scheduled for June 25, 2026.

This dividend increase suggests that SSSK HD has experienced stronger financial performance than initially anticipated for the fiscal year ending March 2026. For investors, this could indicate a positive trend in the company’s operational results and a commitment to shareholder returns. The company’s future performance and dividend policy may warrant continued monitoring.

• Ｇ－ケイファーマ announced its Q1 FY2026 financial results (January 1, 2026 – March 31, 2026).
• For the first quarter, the company reported no net sales. Operating loss was ¥237 million, ordinary loss ¥242 million, and net loss attributable to owners of parent was ¥250 million.
• Compared to the previous year’s corresponding quarter, operating loss, ordinary loss, and net loss all widened.
• In terms of financial position, total assets stood at ¥2,821 million (down ¥117 million from end of previous fiscal year), net assets at ¥1,015 million (down ¥249 million), and the equity ratio was 36.0% (down from 43.1% at previous fiscal year-end).
• Development pipelines include preparations for a confirmatory clinical trial (Phase III) for ALS in Japan and the receipt of a patent allowance notice from the U.S. Patent and Trademark Office. In regenerative medicine, a basic agreement for manufacturing consignment for subacute spinal cord injury and an extension of a joint research agreement for chronic cerebral infarction were reported.

• G-OpenWork announced its financial results for the first quarter of the fiscal year ending December 2026 (January 1, 2026, to March 31, 2026).
• Operating revenue reached ¥1,376.55 million, representing a 31.5% increase compared to the same period in the previous year.
• Operating profit was ¥504.90 million (up 55.4% year-on-year), ordinary profit was ¥511.70 million (up 56.6% year-on-year), and quarterly net profit was ¥352.06 million (up 57.8% year-on-year).
• The “OpenWork Recruiting” service contributed ¥995.52 million in operating revenue, marking a 43.5% increase year-on-year, and was the primary driver of overall revenue growth.
• The full-year earnings forecast for the fiscal year ending December 2026 and the dividend forecast (interim ¥4.50, year-end ¥4.50, total ¥9.00) remain unchanged.
• Following the resolution of the Board of Directors on March 17, 2026, the company plans to transition to consolidated financial statements from the second quarter of FY2026 due to the complete acquisition of BNG Partners Inc.

G-OpenWork’s Q1 performance demonstrates robust growth, largely driven by its “OpenWork Recruiting” service, which significantly contributed to both increased revenue and profit. The strong increase in registered web resumes appears to have fueled recruitment activities by companies and applications from job seekers. The upcoming transition to consolidated financial statements from Q2, incorporating the acquired BNG Partners, will be a key area for investors to monitor regarding potential shifts in business structure and future performance.

• G-Basic released a summary of Q&A regarding its Q1 FY2026 financial results on May 14, 2026.
• The company addressed the slowdown in ARR growth, stating it is due to an ongoing review of target customers, which has led to allowing some customer cancellations.
• G-Basic announced a strategic shift to focus management resources on customers who prioritize safety, security, and reliable operations, aiming to drive upsells and cross-sells.
• Regarding new products, the company reported multiple inquiries for ferret SFA/CRM, over 100 business negotiations at the pre-sales stage for workrun, and greater-than-expected interest for the beta version of askrun.
• The decline in the run business’s churn rate was attributed to an increasing number of customers subscribing to higher-tier plans, which exhibit a churn rate in the low 1% range.

G-Basic’s candid explanation for the ARR growth deceleration, coupled with a defined strategic pivot towards large enterprises and enhanced upsell/cross-sell initiatives, may be a focal point for investors. The company’s emphasis on leveraging AI-driven development for cost competitiveness and targeting replacement demand from foreign SaaS products could indicate a shift in its future revenue streams. Additionally, the positive initial feedback on new products suggests potential future growth drivers for the business.

• For the fiscal year ended March 2026, consolidated net sales were ¥12,024 million, a 14.0% increase year-over-year.
• Operating profit reached ¥880 million, marking a 44.1% increase compared to the previous year.
• Ordinary profit was ¥904 million, up 51.4% year-over-year.
• Net income attributable to owners of parent increased by 37.1% year-over-year, totaling ¥510 million.
• By segment, childcare business sales were ¥6,671 million (+12.4%), nursing care and welfare business sales were ¥3,020 million (+16.0%), and temporary staffing business sales were ¥1,948 million (+19.1%), all achieving increased sales and profits.
• The year-end dividend for the fiscal year ended March 2026 is ¥10 per share, and the forecast for the full fiscal year ending March 2027 is ¥11 per share.

G-QLS’s FY2026 results demonstrate robust growth across all segments, with significant increases in sales and all profit metrics. This performance appears to be driven by new childcare facility openings, M&A in the nursing care and welfare sector, and sustained demand in the temporary staffing business coupled with successful coordinator recruitment. The projected dividend increase for the next fiscal year may suggest the company’s confidence in its continued business trajectory.

• Printnet Co., Ltd. announced a correction to a portion of its “Q1 FY2026 Financial Results (Japanese GAAP) (Non-consolidated)” on May 14, 2026.
• The correction pertains to the content disclosed on January 14, 2026, within the same financial results report.
• The reason for the correction is an error in the wording in the “Independent Auditor’s Interim Review Report on Quarterly Financial Statements.”
• Specifically, the phrase “the first quarter accounting period and the first quarter cumulative period of the previous fiscal year ended November 30, 2024” was corrected to “the first quarter accounting period and the first quarter cumulative period of the previous fiscal year ended August 31, 2025.”
• The corrected statement maintains that the financial statements for the previous fiscal year ended August 31, 2025, were audited by the previous auditor, who issued an unqualified opinion on November 26, 2025.

This correction addresses a clerical error in the independent auditor’s report regarding the description of a past accounting period, rather than a change in the financial figures themselves. For investors, this may indicate the company’s commitment to ensuring the accuracy of its disclosed information. Such administrative corrections are generally not expected to have a direct impact on the company’s performance or financial health.

• NICE Co., Ltd. announced its consolidated financial results for the fiscal year ended March 31, 2026.
• Consolidated net sales were ¥259,154 million (up 6.6% year-on-year), operating profit was ¥5,322 million (up 15.0%), and ordinary profit was ¥5,162 million (up 19.9%).
• Net profit attributable to owners of the parent decreased by 9.9% to ¥2,586 million.
• Earnings per share (EPS) were ¥218.21, compared to ¥242.53 in the previous fiscal year.
• The annual dividend per share was ¥72.00 (interim ¥28.00, year-end ¥44.00), an increase from ¥65.00 in the previous fiscal year.
• For the fiscal year ending March 31, 2027, the company forecasts consolidated net sales of ¥270,000 million (up 4.2%), operating profit of ¥5,700 million (up 7.1%), and net profit attributable to owners of the parent of ¥3,200 million (up 23.7%).
• One company, Arai Shoji Building Management Co., Ltd., was newly consolidated, and Smart Power Co., Ltd. was excluded from consolidation during the period.

The reported results indicate growth in consolidated net sales and operating profit, contrasting with a decline in net profit attributable to owners of the parent. The increase in the annual dividend may suggest a commitment to shareholder returns. The company’s forecast for the next fiscal year projects increases across sales, operating profit, and net profit, potentially indicating an optimistic outlook for future business performance.

• FCE’s consolidated results for the second quarter of the fiscal year ending September 2026 show net sales of ¥3,434 million (up 14.0% year-on-year), operating profit of ¥742 million (up 14.4%), ordinary profit of ¥763 million (up 14.5%), and net income attributable to owners of the parent of ¥539 million (up 18.3%).
• By segment, the DX Promotion Business recorded net sales of ¥2,027 million (up 25.3% year-on-year) and segment profit of ¥505 million (up 12.8%). The flagship “Robo-Pat AI” saw its number of client companies reach 2,055 as of March 31, 2026 (up 26.2% year-on-year).
• The Education and Training Business reported net sales of ¥1,407 million (down 0.9% year-on-year) and segment profit of ¥238 million (up 24.7%).
• The full-year consolidated earnings forecast remains unchanged from the most recently announced figures: net sales of ¥6,800 million (up 11.5% from previous year), operating profit of ¥1,130 million (up 23.9%), ordinary profit of ¥1,160 million (up 25.4%), and net income attributable to owners of the parent of ¥865 million (up 30.5%).
• The forecast for annual dividends is ¥10.00 per share for the fiscal year-end, totaling ¥10.00. There are no revisions to the most recently announced dividend forecast.

FCE’s Q2 FY2026 results indicate solid growth in both revenue and profit, primarily driven by its DX Promotion Business. The increase in client companies for “Robo-Pat AI” suggests a successful capture of market demand for digital transformation. While selling, general, and administrative expenses in the DX Promotion Business have risen due to new business investments, this may reflect strategic forward-looking investments for future growth that could be worth monitoring.

• Tomoe Corporation announced its consolidated financial results for the fiscal year ended March 31, 2025.
• Consolidated net sales increased by 0.8% year-on-year to ¥34,951 million, and consolidated operating profit increased by 21.0% year-on-year to ¥4,759 million.
• Consolidated ordinary profit increased by 16.2% year-on-year to ¥5,481 million, but profit attributable to owners of parent decreased by 58.1% year-on-year to ¥6,227 million.
• Earnings per share (EPS) for the period were ¥170.06.
• A year-end dividend of ¥36.00 per share (ordinary dividend ¥24.00, special dividend ¥12.00) was paid for FY2025, with total dividends amounting to ¥1,208 million.
• For the fiscal year ending March 31, 2026, the company forecasts consolidated net sales of ¥32,000 million (down 8.4% year-on-year), operating profit of ¥2,800 million (down 41.2% year-on-year), and profit attributable to owners of parent of ¥2,600 million (down 58.2% year-on-year).

Tomoe Corporation’s FY2025 results show an increase in net sales and operating profit, but a significant decline in profit attributable to owners of parent. This substantial decrease in net profit compared to the previous year may suggest the presence of extraordinary income in the prior period. The forecast for FY2026 indicates a projected decrease in both revenue and profit, which could signal a challenging business environment or a strategic re-evaluation.

• Wellneo Sugar Co., Ltd. reported consolidated revenue of ¥112,904 million for the fiscal year ended March 31, 2026, marking a 16.3% increase from the previous fiscal year.
• Consolidated operating profit for the same period was ¥10,324 million (up 25.8% year-on-year), and profit attributable to owners of the parent was ¥6,472 million (up 12.6% year-on-year).
• The annual dividend for the fiscal year ended March 31, 2026, was announced at ¥119 per share (interim dividend of ¥54, year-end dividend of ¥65), an increase from ¥102 in the previous fiscal year.
• For the fiscal year ending March 31, 2027, the company forecasts consolidated revenue of ¥110,000 million (down 2.6% year-on-year), operating profit of ¥9,200 million (down 10.9% year-on-year), and profit attributable to owners of the parent of ¥6,500 million (up 0.4% year-on-year).
• During the fiscal year ended March 31, 2026, Daiichi Sugar Co., Ltd. was excluded from the scope of consolidation due to its absorption merger with the company, effective October 1, 2025.

Wellneo Sugar’s FY2026 results indicate a robust performance with significant double-digit growth in revenue, operating profit, and profit attributable to owners of the parent. The increase in the annual dividend may suggest a positive outlook on shareholder returns. However, the forecast for FY2027 projecting a decline in revenue and operating profit, along with the impact of changes in the scope of consolidation due to the corporate merger, are factors worth monitoring for future performance evaluation.

• Daiei Sangyo announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending September 2026.
• Consolidated results show net sales of ¥13,087 million (down 7.6% year-on-year), an operating loss of ¥291 million (compared to a loss of ¥146 million in the prior interim period), an ordinary loss of ¥504 million (compared to a loss of ¥335 million), and a net loss attributable to parent company shareholders of ¥426 million (compared to a loss of ¥230 million).
• By segment, the condominium business reported net sales of ¥5,288 million (down 13.9% year-on-year) and segment profit of ¥8 million (down 95.6% year-on-year). The housing business reported net sales of ¥7,718 million (down 3.3% year-on-year) and segment profit of ¥206 million (up 10.0% year-on-year).
• In the condominium business, the number of delivered condominium units increased year-on-year, but net sales decreased due to the absence of large-scale corporate property sales recorded in the prior year and a higher proportion of deliveries for the “Sunrelius” compact condominium series.
• In the housing business, while deliveries of business properties and contracted construction for specific buildings increased, deliveries of detached houses, redeveloped pre-owned homes, and investment-purpose detached rental homes decreased. However, segment profit increased due to intensified sales promotion for long-term inventory properties, strengthened product competitiveness, and rigorous selection of highly profitable acquisition properties.

Daiei Sangyo’s Q2 FY2026 results show a decline in net sales and a widening of losses across all profit stages compared to the previous year. This appears to be primarily driven by the timing of sales recognition for large-scale properties and changes in the product mix within the condominium business. Conversely, despite a decrease in sales, the housing business achieved an increase in segment profit, suggesting that profitability improvement initiatives are taking effect in this area. With the full-year forecast unchanged, the progress of sales for properties scheduled for delivery in the latter half of the year will be a key factor for investors to monitor.

• Pia Corporation announced discrepancies between its full-year consolidated performance forecast and actual results for the fiscal year ending March 2026, along with a revision to its dividend forecast (increase).
• For the fiscal year ended March 2026, consolidated net sales were JPY 55,330 million, exceeding the previous forecast of JPY 50,000 million (an increase of 10.7%).
• Operating profit was JPY 4,311 million (up 2.6%), ordinary profit was JPY 4,345 million (up 3.5%), and profit attributable to owners of parent was JPY 3,317 million (up 22.9%) compared to previous forecasts of JPY 4,200 million, JPY 4,200 million, and JPY 2,700 million, respectively.
• Basic earnings per share were JPY 216.37, up from the previous forecast of JPY 176.20.
• The year-end dividend forecast was revised from JPY 20 per share to JPY 35 per share, making the total annual dividend JPY 35. This amount represents the highest dividend per share since the company’s listing.
• The company attributed the higher-than-expected performance to strong ticket sales, which progressed smoothly above the previous forecast, driven by the buoyant domestic leisure and entertainment market.

The announcement reveals that Pia Corporation’s performance for the fiscal year ended March 2026 surpassed previous forecasts across all metrics, with a notable increase of over 20% in profit attributable to owners of parent. This outcome suggests that the recovery in the domestic leisure and entertainment market has directly benefited Pia’s ticket sales business. Furthermore, the upward revision of the year-end dividend to an all-time high, concurrent with the improved performance, may be viewed as a positive indication of the company’s commitment to shareholder returns.

• ADEKA Co. has decided to increase its year-end dividend for the fiscal year ending March 2026.
• The year-end dividend per share will be ¥60, an increase of ¥8 from the initial forecast of ¥52 (announced on May 14, 2025).
• This revision brings the total annual dividend for the fiscal year ending March 2026 to ¥112 per share, including the interim dividend of ¥52 (compared to ¥100 for the prior year).
• The consolidated dividend payout ratio is projected to be 40.3%.
• This dividend proposal is subject to approval at the 164th Ordinary General Meeting of Shareholders scheduled for June 19, 2026.

ADEKA has stated its commitment to a dividend payout ratio of 40% or more as a key objective in its mid-term management plan, “ADX 2026,” launched in April 2024. This dividend increase aligns with that shareholder return policy. The upward revision from the initial forecast may suggest the company’s confidence in its current fiscal year performance and financial position. Consistent execution of dividend policies could be a notable point for long-term investors.

• Asahi Concrete Co., Ltd. announced its non-consolidated financial results for the fiscal year ended March 2026 (April 1, 2025 – March 31, 2026).
• Net sales for the period amounted to ¥7.63 billion, representing a 5.7% increase compared to the previous fiscal year.
• Operating profit reached ¥609 million, marking a 9.8% increase year-on-year.
• Ordinary profit was ¥676 million (up 10.7% YoY), and net profit was ¥455 million (up 10.6% YoY).
• Earnings per share were ¥34.57, and net assets per share were ¥965.17.
• The company plans a year-end dividend of ¥17 per share for FY2026 (¥14 ordinary dividend, ¥3 special dividend).
• For the fiscal year ending March 2027 (forecast), the company projects full-year net sales of ¥7.80 billion (up 2.1% YoY), operating profit of ¥620 million (up 1.8% YoY), and net profit of ¥470 million (up 3.3% YoY).

Asahi Concrete’s FY2026 results indicate stable performance with increases across sales and all profit metrics. A notable point is the significant 18.3% increase in sales within the “Other departments” of the Concrete-related business, which may suggest a shift in sales composition or strong growth in specific areas. The company’s commitment to maintaining a dividend of ¥17 per share, including a special dividend, could be viewed positively by investors seeking consistent shareholder returns.

• Topre Corporation has resolved to pay a year-end dividend of ¥60.00 per share for the fiscal year ending March 31, 2026.
• This represents an increase of ¥20.00 per share from the most recent dividend forecast of ¥40.00 per share announced on February 13, 2026.
• The previous fiscal year’s (March 2025) year-end dividend was ¥50.00 per share (including ¥40.00 ordinary dividend and ¥10.00 commemorative dividend).
• The total annual dividend for the current fiscal year will be ¥100.00 per share, combining the interim dividend of ¥40.00 per share already paid.
• The annual dividend for the previous fiscal year was ¥85.00 per share.
• The source of the dividend is retained earnings, and the effective date is June 25, 2026.

This dividend increase appears to align with the company’s mid-term management plan, announced on May 14, 2024, which targets a dividend payout ratio of 20-30% (and over 30% in the mid-to-long term). This move could be viewed by investors as a tangible demonstration of Topre’s commitment to its shareholder return policy. The decision to raise the dividend, while also aiming for enhanced total returns including share repurchases, might suggest a focus on delivering consistent value to shareholders.

• Kuroda Precision Industries Ltd. reported consolidated results for the fiscal year ended March 2026: Net sales of ¥19,501 million (up ¥2,217 million year-on-year), operating profit of ¥32 million (down ¥278 million year-on-year), ordinary profit of ¥11 million (down ¥408 million year-on-year), and net loss attributable to parent company shareholders of ¥96 million (down ¥269 million year-on-year).
• Order intake amounted to ¥20,749 million (up ¥2,510 million year-on-year).
• Factors contributing to the decrease in profit included a decline in profit margin due to product mix differences, increased depreciation expenses, expanded losses at the German subsidiary, and recognition of extraordinary losses such as structural reform costs in Germany.
• For the fiscal year ending March 2027, the company forecasts consolidated net sales of ¥25,800 million (up 32.3% from FY2026), operating profit of ¥770 million, ordinary profit of ¥550 million, and net profit attributable to parent company shareholders of ¥330 million.
• The annual dividend per share is ¥20.00 for both the fiscal year ended March 2026 (actual) and the fiscal year ending March 2027 (forecast).

Kuroda Precision Industries’ FY2026 results showed increased net sales but a shift to net loss due to factors like increased losses at its German subsidiary and structural reform costs. Investors may note the company’s FY2027 forecast, which anticipates substantial revenue and profit growth, driven by a rapid recovery in orders for the drive system business and contributions from new projects in the mold system business. This outlook could suggest a potential recovery in profitability as previous extraordinary loss factors diminish.

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

• Suruga Bank announced its consolidated financial results for the fiscal year ended March 2026.
• Consolidated ordinary revenue increased by 20.6% year-on-year to ¥109,912 million.
• Consolidated ordinary profit rose by 35.7% year-on-year to ¥35,518 million.
• Profit attributable to owners of parent surged by 72.1% year-on-year to ¥34,728 million.
• The annual dividend increased to ¥60.00, up from ¥29.00 in the previous fiscal year.
• For the fiscal year ending March 2027, the company forecasts consolidated ordinary profit of ¥47,500 million (up 33.7% year-on-year) and profit attributable to owners of parent of ¥32,000 million (down 7.8% year-on-year).

Suruga Bank’s FY2026 consolidated results show significant growth across key financial metrics, with a notable surge in profit attributable to owners of parent, driven partly by an increase in funding operations revenue. The substantial increase in the annual dividend may suggest a commitment to shareholder returns. However, the projected decrease in profit attributable to owners of parent for FY2027 could indicate potential challenges or strategic shifts that investors might want to monitor closely, seeking further clarification from the company’s detailed reports.

• Takashima & Co., Ltd. has released its supplementary financial results for the fiscal year ended March 2026 (FY2025).
• For FY2025, actual results were: Net sales ¥90,642 million, Operating profit ¥2,102 million, Ordinary profit ¥1,523 million, and Profit attributable to owners of parent ¥1,225 million, all matching the initial forecasts.
• Compared to the previous fiscal year, FY2025 saw net sales decrease by 4.1% to ¥90,642 million, operating profit decrease by 1.2% to ¥2,102 million, ordinary profit decrease by 24.7% to ¥1,523 million, and profit attributable to owners of parent decrease by 21.8% to ¥1,225 million.
• The forecast for the fiscal year ending March 2027 (FY2026) projects net sales of ¥100,000 million (up 10.3% year-on-year), operating profit of ¥2,300 million (up 9.4%), ordinary profit of ¥2,400 million (up 57.5%), and profit attributable to owners of parent of ¥1,600 million (up 30.6%).
• On the consolidated balance sheet as of the end of FY2025, total assets were ¥57,090 million (down 5.0% from previous fiscal year-end), total liabilities were ¥33,920 million (down 6.2%), and total net assets were ¥23,169 million (down 3.2%).

Takashima & Co., Ltd.’s FY2025 results matching its initial forecasts across all key profit metrics may be a point of interest for investors, indicating stable internal forecasting. However, the year-on-year declines in sales and all profit figures suggest underlying challenges or specific market conditions during the period. The robust growth projected for FY2026, with significant increases in sales and profits, could indicate management’s confidence in future strategies or an anticipated rebound in business activities, making the execution of these plans worth monitoring.

• For the fiscal year ended March 2026, A-N Grande’s consolidated net sales were ¥3,655 million, representing a 35.9% increase year-on-year.
• The company reported an operating profit of ¥139 million (compared to a loss of ¥88 million in the previous year), an ordinary profit of ¥111 million (compared to a loss of ¥118 million), and a net income attributable to parent company shareholders of ¥87 million (compared to a loss of ¥66 million), all marking a return to profitability.
• The real estate development business segment achieved sales of ¥2,861 million (a 49.9% increase year-on-year) and a segment profit of ¥95 million (compared to a loss of ¥128 million in the previous year).
• The annual dividend for the fiscal year ended March 2026 was ¥10.00 per share, compared to ¥0.00 in the previous fiscal year.
• For the fiscal year ending March 2027, the company forecasts consolidated net sales of ¥2,542 million (a 30.4% decrease year-on-year), an operating profit of ¥102 million (a 26.1% decrease), and a net income attributable to parent company shareholders of ¥40 million (a 53.3% decrease).

A-N Grande’s FY2026/3 results highlight a significant increase in revenue and a successful return to profitability across key earnings metrics. This turnaround appears to be driven by strong performance in its core real estate development business, specifically an increase in delivered condominium and detached house units. The initiation of a dividend payment after a prior year of no dividend also stands out as a potentially positive signal for investors. However, the projected decline in sales and profits for FY2027/3 suggests that future business strategies and market dynamics will be important areas for investors to monitor.

• Sumitomo Chemical Co., Ltd. announced its consolidated financial results for the fiscal year ended March 31, 2026 (April 1, 2025 – March 31, 2026).
• Revenue for the period was ¥2,328,515 million, representing a 10.7% decrease compared to the previous fiscal year.
• Core operating profit increased by 48.3% to ¥208,376 million, while operating profit decreased by 21.4% to ¥151,744 million. Profit attributable to owners of the parent increased by 57.9% to ¥60,947 million.
• For the fiscal year ending March 31, 2027, the company forecasts consolidated revenue of ¥2,360,000 million (1.4% increase), core operating profit of ¥215,000 million (3.2% increase), and profit attributable to owners of the parent of ¥70,000 million (14.9% increase).
• Annual dividends were ¥13.50 per share for FY2026/3 and are projected to be ¥16.00 per share for FY2027/3.

Sumitomo Chemical’s FY2026/3 results show a notable increase in profit attributable to owners of the parent, despite a decrease in revenue. This could be attributed to the significant rise in core operating profit and a change from a positive to a negative figure in equity in earnings of associates and joint ventures compared to the previous fiscal year. The positive outlook for FY2027/3, projecting growth in both revenue and profit, may suggest management’s confidence in an improving business environment for the upcoming period.

• SHINPOKOKU MATERIAL Co., Ltd. announced its Q1 FY2026 financial results (January 1, 2026 – March 31, 2026).
• For the first quarter, net sales were ¥1,477 million (down 10.2% year-on-year), operating profit was ¥154 million (down 26.9% year-on-year), ordinary profit was ¥158 million (down 26.7% year-on-year), and quarterly net profit was ¥130 million (down 19.7% year-on-year).
• Earnings per share for the quarter were ¥19.46.
• Total assets stood at ¥8,028 million, net assets at ¥5,838 million, and the equity ratio was 72.7%.
• The full-year forecast for FY2026 (net sales ¥6,000 million, operating profit ¥650 million, ordinary profit ¥670 million, net profit ¥500 million, EPS ¥75.11) remains unchanged from the forecast announced on February 10, 2026.

While the first quarter results showed a year-on-year decline in both revenue and profit, the company’s disclosure indicates that investments in semiconductors for AI and data centers are recovering since Q4 of the previous year, and orders remain robust. This suggests that future sales may increase compared to the previous period. The unchanged full-year forecast could indicate the company’s expectation of a recovery to meet its annual targets.

• Tokyo Electric Power Company Holdings, Inc. announced on May 14, 2026, a “Correction to a part of ‘FY2025 Financial Results Briefing Material'”.
• The correction pertains to page 10, “(Reference) FP Year-on-year Comparison,” in the FY2025 financial results briefing material released on April 30, 2026.
• The original figures stated “Fuel business profit decrease △10.4 billion yen” and “Overseas/renewable energy generation business profit increase, etc. ＋28.7 billion yen”.
• These figures have been corrected to “Fuel business profit decrease △12.1 billion yen” and “Overseas/renewable energy generation business profit increase, etc. ＋30.4 billion yen”.
• It was explicitly stated that there are no corrections to the figures in previously disclosed financial statements.

This correction primarily affects specific reference data within the FY2025 financial results briefing material, with no impact on the final consolidated financial figures. Investors may consider this revision as an adjustment to internal comparative data for a specific business segment. Going forward, investors might review the updated materials to reassess the detailed performance of Tokyo Electric Power Fuel & Power.

• Chubu Electric Power Co., Inc. announced on May 14, 2026, a partial correction to its “FY2025 Financial Results Briefing Material” originally published on April 28, 2026.
• The correction specifically pertains to page 7, titled “Segment Overview ④: JERA,” within the briefing material.
• The precise changes are indicated by revised figures in the table presented under “(Before Correction)” and “(After Correction)” on the specified page.
• This correction does not impact the figures reported in the already disclosed Consolidated Financial Statements.
• Corrected sections are marked with an underline.

This correction primarily concerns specific details within a supplementary briefing document and does not alter the already published consolidated financial statements, suggesting a limited impact on the overall performance assessment. For investors, this highlights the importance of referring to the most current versions of disclosure materials. The adjustment to the JERA segment information could be worth monitoring for those specifically interested in the performance of that particular business division.

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

• Honda’s consolidated revenue for the fiscal year ended March 31, 2026, was ¥21,796,610 million, a 0.5% increase year-on-year.
• Operating profit recorded a loss of ¥414,346 million, a decrease of ¥1,627,800 million from the previous year, primarily due to EV-related losses and tariff impacts.
• Net loss attributable to owners of the parent company amounted to ¥423,941 million.
• Cash and cash equivalents at the end of the period increased by ¥589,600 million to ¥5,118,477 million compared to the previous fiscal year-end.
• The annual dividend for the fiscal year ended March 31, 2026, was ¥70 per share (interim ¥35, year-end ¥35), an increase of ¥2 from the prior year. The company forecasts ¥70 per share for FY2027.
• For the fiscal year ending March 31, 2027, consolidated revenue is projected at ¥23,150,000 million (a 6.2% increase year-on-year), operating profit at ¥500,000 million, and net profit attributable to owners of the parent at ¥260,000 million.

Honda’s FY2026 consolidated results show a slight increase in revenue, yet significant losses in operating and net profit, largely attributed to EV-related investments and associated losses. Despite these challenges, the company’s decision to maintain its annual dividend and project a substantial recovery in FY2027 may be seen as a sign of confidence in its future strategy. The improvement in cash flow could indicate efforts to maintain financial health.

• Nifco Inc. announced its consolidated financial results for the fiscal year ended March 31, 2026 (April 1, 2025 – March 31, 2026).
• Consolidated net sales were ¥352,650 million, a 0.1% decrease year-on-year. Operating profit was ¥48,078 million, a 2.3% decrease year-on-year. Ordinary profit was ¥51,275 million, a 1.7% decrease year-on-year.
• Net profit attributable to owners of parent was ¥34,079 million, a 23.9% decrease year-on-year.
• The annual dividend for the fiscal year ended March 31, 2026, including a year-end dividend of ¥70.00, totaled ¥110.00 (an increase of ¥35.00 from the previous year).
• For the fiscal year ending March 31, 2027, the company forecasts consolidated net sales of ¥367,000 million (4.1% increase year-on-year), operating profit of ¥50,800 million (5.7% increase), ordinary profit of ¥50,000 million (2.5% decrease), and net profit attributable to owners of parent of ¥34,000 million (0.2% decrease).

Nifco’s FY2026/3 results showed slight declines in revenue, operating profit, and ordinary profit, with a more significant 23.9% decrease in net profit attributable to owners of parent. This could be attributed to rising prices and labor costs, compounded by the recording of extraordinary losses. Conversely, the substantial increase in the annual dividend payment suggests a commitment to shareholder returns. The positive revenue and operating profit projections for FY2027/3 indicate the company anticipates a recovery, which may be a key point for investors to monitor.

• Tekken Corporation has updated its Mid-Term Management Plan 2028, first announced in April 2024, by upwardly revising financial targets and changing its dividend policy.
• The revenue target for FY2028 has been revised from 200 billion yen to 212 billion yen, and the operating profit target from 8 billion yen to 11 billion yen.
• The Return on Equity (ROE) target for FY2028 has been raised from 8% to over 10%.
• The shareholder return policy has been modified to target a Dividend on Equity (DOE) of 4.0% or more, starting with dividends for the fiscal year ending March 2027.
• The company will continue to implement timely share buybacks as part of its capital policy.

This update appears to reflect Tekken’s recognition of improved profitability and business conditions exceeding initial projections. The upward revision of ROE targets and the introduction of a DOE-based dividend policy could indicate a strengthened focus on capital efficiency and enhanced shareholder returns. Investors may view these changes as a commitment to more stable and predictable distributions.

• NJS 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).
• Consolidated net sales for the quarter reached ¥10,626 million, marking a 20.1% increase year-on-year.
• Operating income rose by 25.3% to ¥4,090 million, and ordinary income increased by 25.8% to ¥4,124 million.
• Net income attributable to owners of parent grew by 28.7% to ¥2,910 million.
• The Domestic Operations segment reported net sales of ¥9,990 million (up 20.8% YoY) and operating income of ¥4,121 million (up 24.3% YoY). The Overseas Operations segment recorded net sales of ¥635 million (up 10.7% YoY) but an operating loss of ¥31 million.
• The consolidated full-year earnings forecast and dividend forecast remain unchanged from the announcement made on February 13, 2026.

NJS’s first-quarter results for fiscal year 2026 demonstrate significant year-on-year growth across net sales and all profit metrics, with domestic operations being a primary driver of performance. This suggests that strategic initiatives aimed at addressing the evolving water infrastructure market may be beginning to translate into revenue. While overseas operations showed increased sales, the recorded operating loss indicates an area for continued monitoring as the company progresses through the fiscal year.

• Okamura Foods Co., Ltd. has announced its consolidated financial results for the third quarter of the fiscal year ending June 2026 (July 1, 2025 – March 31, 2026).
• Consolidated cumulative results showed net sales of ¥28,722 million (up 13.4% year-on-year), operating profit of ¥2,851 million (up 27.7%), ordinary profit of ¥3,101 million (up 45.9%), and profit attributable to owners of parent of ¥2,111 million (up 32.9%).
• The domestic processing business achieved significant profit growth, with sales of ¥9,311 million (up 26.6%) and segment profit of ¥1,955 million (up 105.1%), driven by higher-than-expected selling prices for salmon roe products.
• The overseas processing business experienced a decrease in segment profit due to a decline in gross profit margin as price transfers did not keep pace with rising raw material costs influenced by exchange rates and purchase prices, coupled with increased selling, general and administrative expenses due to higher personnel costs.
• The full-year consolidated earnings forecast for the fiscal year ending June 2026 remains unchanged from the most recently announced forecast, projecting net sales of ¥39,035 million, operating profit of ¥3,813 million, ordinary profit of ¥3,594 million, and profit attributable to owners of parent of ¥2,577 million.

Okamura Foods’ Q3 results demonstrate a solid performance with year-over-year increases across key revenue and profit metrics. The robust performance of the domestic processing business appears to be a primary driver, while challenges in the overseas processing segment related to cost pass-through are noted. The unchanged full-year forecast could suggest that the company’s progress aligns with its initial expectations.

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

• Stella Chemifa reported consolidated net sales of ¥36,799 million for the fiscal year ended March 2026, a 1.4% increase from the previous fiscal year.
• Consolidated operating profit reached ¥4,644 million, up 7.1% year-on-year.
• Net profit attributable to owners of parent was ¥3,058 million, an increase of 5.7% from the prior year.
• Within the high-purity chemicals business, sales in the semiconductor division were ¥22,204 million (+5.8% YoY), with increased shipments in the electronic materials division contributing to overall high-purity chemical sales of ¥31,786 million (+0.8% YoY).
• The transportation business recorded net sales of ¥4,892 million (+5.5% YoY) and an operating profit of ¥1,045 million (+31.6% YoY).
• The year-end dividend for the fiscal year ended March 2026 was ¥95 (¥85 ordinary dividend + ¥10 commemorative dividend), bringing the annual dividend to ¥180.

Stella Chemifa’s FY2026/3 results demonstrate solid performance with increases across all key financial metrics, suggesting resilience in its core businesses. The growth driven by semiconductor-related demand and improved profitability in the transportation segment could indicate favorable market conditions for its specialized products and services. The increased annual dividend payout may also reflect the company’s commitment to shareholder returns.

• Rhonseal Kogyo Co., Ltd. announced a resolution for a dividend increase at its Board of Directors meeting held on May 14, 2026.
• The record date for the dividend is March 31, 2026, with an effective date of June 8, 2026.
• The per-share dividend for the fiscal year ending March 2026 has been set at ¥85.00.
• This represents an increase of ¥15.00 from the most recent dividend forecast of ¥70.00 (announced on May 14, 2025).
• The total dividend amount is ¥391 million, sourced from retained earnings.
• The company’s Articles of Incorporation permit dividend decisions to be made by the Board of Directors, without a shareholders’ meeting resolution.

Rhonseal Kogyo’s decision to increase its dividend above the initial forecast may suggest a commitment to shareholder returns while balancing internal reserves for future business development. This move is consistent with the company’s stated dividend policy aiming for continuous and stable profit distribution. Investors may view this increase as a positive signal regarding the company’s performance for the fiscal year ending March 2026.

• Consolidated net sales for the fiscal year ended March 2026 amounted to ¥55,636 million, a 0.2% increase from the previous fiscal year.
• Consolidated operating profit reached ¥2,271 million, representing a significant increase of 73.9% year-on-year.
• Consolidated ordinary profit was ¥4,210 million, up 107.1% compared to the prior fiscal year.
• Net profit attributable to owners of parent soared to ¥3,134 million, marking a substantial increase of 513.5% from the previous period.
• Diluted earnings per share were ¥106.83, an increase from ¥16.94 in the previous fiscal year.
• The annual dividend per share for the period was ¥20, with a year-end dividend of ¥11 (compared to ¥18 for the previous year).
• The consolidated earnings forecast and dividend forecast for the fiscal year ending March 2027 are undetermined due to numerous uncertain factors, including the impact of the Middle East situation.

Fujikura Kasei’s financial results for the fiscal year ended March 2026 show a marginal increase in net sales but significant growth in all profit categories, which could suggest an improvement in profitability. The substantial rise in operating, ordinary, and net profits is a key highlight for investors. However, the decision to leave the fiscal year 2027 forecast undetermined indicates the company’s cautious stance regarding geopolitical risks and fluctuations in raw material prices, which is worth monitoring.

• UACJ announced that its consolidated financial results for the fiscal year ended March 2026 exceeded the forecast published on February 12, 2026.
• Actual net sales were JPY 1,181,716 million (up 3.7% from forecast), operating profit was JPY 76,863 million (up 16.5%), and profit attributable to owners of parent was JPY 38,882 million (up 44.0%).
• The difference in results was attributed to a favorable turn in inventory effects due to soaring aluminum ingot prices.
• The year-end dividend for the fiscal year ended March 2026 was resolved to be increased from the initially projected JPY 25.00 per share to JPY 35.00 per share.
• The total dividend amount after the increase is JPY 6,337 million, with an effective date of June 22, 2026.

UACJ’s significant outperformance in its consolidated results for the fiscal year ended March 2026 suggests that the rise in aluminum ingot prices positively impacted the company’s profitability. The improvement in profit levels appears to have led to an increased year-end dividend, aligning with its shareholder return policy, which may draw investor attention. Future monitoring might focus on ongoing factors influencing performance and the trend of the dividend payout ratio.

• Chuo Jidosha Kogyo resolved on a dividend of surplus with a record date of March 31, 2026, at its Board of Directors meeting.
• The year-end dividend for the fiscal year ending March 2026 is projected to be 35 yen per share for ordinary dividends, an increase of 4 yen from the initial forecast of 31 yen.
• A commemorative dividend of 3 yen per share will be implemented to celebrate the company’s 80th anniversary.
• This results in a total year-end dividend of 38 yen per share for the fiscal year ending March 2026, making the annual dividend 64 yen per share (61 yen ordinary, 3 yen commemorative) when combined with the interim dividend of 26 yen.
• This represents an increase of 11 yen compared to the previous fiscal year’s annual dividend of 53 yen (post-stock split conversion) for March 2025.

The company’s dividend policy emphasizes “stable and high dividends,” and this increase appears to be based on the earnings outlook for the fiscal year ending March 2026. The 80th-anniversary commemorative dividend may suggest the company’s commitment to shareholder returns. Investors might consider this in the context of the post-stock split dividend figures when evaluating long-term dividend trends.

• Nikko Kiso Co., Ltd. announced a divergence between its full-year consolidated financial results for the fiscal year ending March 2025 (April 1, 2024 – March 31, 2025) and its previously announced forecasts.
• Consolidated net sales were ¥27,353 million against a forecast of ¥29,330 million (a decrease of 6.7%), and consolidated operating income was ¥1,455 million against a forecast of ¥1,460 million (a decrease of 0.3%).
• Consolidated ordinary income reached ¥2,094 million against a forecast of ¥1,630 million (an increase of ¥464 million, or 28.5%), and net income attributable to owners of the parent was ¥1,659 million against a forecast of ¥980 million (an increase of ¥679 million, or 69.3%).
• The company attributed the sales divergence to a lower-than-planned progress in a ground improvement project at an LNG refining plant in the US subsidiary and a lost bid for an environmental protection project. The increase in ordinary income was due to ¥293 million in dividends received and ¥353 million in foreign exchange gains, while net income was further boosted by ¥173 million in gain on sale of investment securities.
• The company resolved to increase the year-end dividend for the fiscal year ending March 31, 2025, from the previous forecast of ¥27.00 per share to ¥30.00 per share. The total dividend amount will be ¥548 million. The company also announced that it plans to pay ¥30 per share for the next fiscal year.

Nikko Kiso’s announcement highlights a significant divergence in its full-year results, where while net sales fell short of forecasts, both consolidated ordinary income and net income attributable to owners of the parent substantially exceeded expectations. This positive deviation appears primarily driven by non-operating and extraordinary income, including dividends received, foreign exchange gains, and gains from the sale of investment securities. The decision to increase the dividend and project the same dividend level for the next fiscal year suggests a proactive stance towards shareholder returns, which may be viewed favorably by investors.

• For the nine months ended March 31, 2026, JTECCORP reported consolidated net sales of ¥1,040 million, an increase of 7.5% year-on-year.
• The company recorded an operating loss of ¥239 million (compared to a loss of ¥242 million in the prior-year period).
• Ordinary loss stood at ¥232 million (compared to a loss of ¥257 million in the prior-year period).
• Net loss attributable to owners of parent was ¥176 million (compared to a loss of ¥194 million in the prior-year period).
• The Optical business segment achieved sales of ¥715 million (up 23.0% YoY) and segment profit of ¥244 million (up 77.7% YoY).
• The Life Science and Equipment Development business exceeded initial sales plans but saw an increase in segment loss due to higher selling, general and administrative expenses, primarily R&D costs.

JTECCORP’s Q3 FY2026 results show revenue growth, yet the company continues to report losses. The Optical business segment significantly contributed to both sales and profits, while the Life Science and Equipment Development business, despite strong sales, experienced increased losses due to higher R&D expenses. The company’s full-year forecast anticipates a return to profitability, suggesting that the performance in the upcoming quarter will be a key focus for investors.

• Nomura System Corporation announced its financial results for the first quarter of the fiscal year ending December 2026 (January 1, 2026 – March 31, 2026).
• For the first quarter, net sales were ¥849 million (down 11.9% year-on-year), operating profit was ¥124 million (down 44.5% year-on-year), ordinary profit was ¥125 million (down 44.2% year-on-year), and net income for the quarter was ¥85 million (down 44.4% year-on-year).
• Basic earnings per share for the quarter were ¥1.86.
• The equity ratio as of March 31, 2026, stood at 90.4%.
• The full-year forecast for FY2026 remains unchanged from the most recently announced forecast, projecting net sales of ¥3,800 million, operating profit of ¥530 million, ordinary profit of ¥530 million, and net income of ¥362 million (¥7.84 per share).
• The company acquired ¥142,412 thousand in treasury shares during the first fiscal quarter, increasing the total treasury shares to ¥205,982 thousand.

Nomura System’s Q1 FY2026 results show a significant year-on-year decrease in both revenue and profit across all key metrics. This performance may prompt investors to monitor the company’s ability to adapt to market changes and maintain competitiveness. However, the high equity ratio of 90.4% could indicate a strong financial foundation, which may provide a degree of resilience during periods of lower profitability.

• Bridgestone Corporation announced its consolidated financial results for the first quarter of the fiscal year ending December 2026 (January 1, 2026 – March 31, 2026).
• Revenue for the period was ¥1,113,427 million, representing a 5.2% increase compared to the same period last year.
• Adjusted Operating Profit amounted to ¥122,190 million, a 9.7% increase year-on-year.
• Profit attributable to owners of parent increased by 21.4% to ¥91,925 million.
• Basic earnings per share for the quarter were ¥72.37.
• A two-for-one stock split of common shares was conducted on January 1, 2026.

Bridgestone’s Q1 FY2026 results demonstrate a solid start to the fiscal year, with increases across key financial metrics including revenue, adjusted operating profit, and profit attributable to owners of parent. The higher growth rate in adjusted operating profit compared to revenue growth could indicate improvements in operational efficiency or product mix. The stock split on January 1, 2026, may enhance stock liquidity and make shares more accessible to a broader range of investors.

• Mitsui E&S announced a revision to its year-end dividend forecast for the fiscal year ending March 2026.
• The annual dividend per share is revised upwards by ¥7, from the previous forecast of ¥50 to ¥57.
• Consequently, the year-end dividend will be ¥42 per share, up from ¥35.
• The revision is attributed to consolidated business performance for the fiscal year ending March 2026 surpassing previous expectations, and is in line with the 15% dividend payout ratio stated in the company’s medium-to-long-term plan, “Mitsui E&S Rolling Vision 2025”.
• This announcement was made on May 14, 2026, coinciding with the release of the “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (Japanese GAAP)”.

This dividend forecast revision appears to align with the company’s shareholder return policy, supported by an improved consolidated performance. The stated commitment to a 15% dividend payout ratio as a medium-to-long-term target may suggest a strong emphasis on shareholder returns linked to earnings. For investors, this information could indicate the company’s efforts to balance growth with enhanced shareholder value.

• Sakae Denshi’s consolidated financial results for the fiscal year ended March 2026 show net sales of ¥7,330 million (up 14.0% year-on-year), operating profit of ¥139 million (up 119.7% year-on-year), ordinary profit of ¥154 million (up 82.8% year-on-year), and profit attributable to owners of parent of ¥113 million (up 205.5% year-on-year).
• Earnings per share (EPS) for the period was ¥22.42, compared to ¥7.34 in the previous period.
• The consolidated financial position shows total assets of ¥7,360 million (up ¥668 million from the previous fiscal year-end), net assets of ¥4,818 million (up ¥344 million from the previous fiscal year-end), and an equity ratio of 65.5%.
• Annual dividends for the fiscal year ended March 2026 were ¥11.00 per share (compared to ¥10.00 in the previous period), with a forecast of ¥13.00 per share (including a ¥2 special dividend for the 60th anniversary) for the fiscal year ending March 2027.
• The consolidated earnings forecast for the fiscal year ending March 2027 projects net sales of ¥9,000 million (up 22.8% year-on-year) and profit attributable to owners of parent of ¥130 million (up 14.3% year-on-year). Additionally, Taieig Denshi Co., Ltd. was newly included in the scope of consolidation during the period.

Sakae Denshi’s fiscal year 2026/3 results demonstrate robust growth across sales and profit metrics, with net profit surging by over 200%. This performance appears to be driven by progress in inventory adjustments for key customers in the semiconductor manufacturing equipment market and enhanced sales activities. The positive outlook for fiscal year 2027/3, including the addition of a Taiwanese subsidiary to the consolidation scope, suggests a strategic focus on strengthening global business operations, which could be a key factor for future growth.

• Maedakosen Co., Ltd. announced its consolidated financial results for the third quarter of the fiscal year ending June 2026 (July 1, 2025, to March 31, 2026).
• Consolidated net sales for the cumulative third quarter period reached ¥54,250 million, a 14.1% increase year-on-year.
• Operating profit was ¥9,718 million (down 4.3% YoY), ordinary profit was ¥10,548 million (up 3.1% YoY), and profit attributable to owners of parent was ¥7,226 million (up 3.2% YoY).
• Basic earnings per share for the quarter were ¥107.64.
• The full-year consolidated earnings forecast and dividend forecast (year-end dividend of ¥14.00, annual dividend of ¥28.00) remain unchanged from the most recently published figures.

Maedakosen’s Q3 results show solid sales growth, but a notable decline in operating profit, which could suggest shifts in profit margins within specific business segments or changes in cost structure. The increase in ordinary profit and net profit, however, may indicate the positive impact of non-operating income, such as foreign exchange gains. The unchanged full-year forecast implies that the company anticipates no significant deviations from its current plans, suggesting confidence in its ongoing strategies despite the mixed profit performance this quarter.

• Tomony Holdings announced its consolidated financial results for the fiscal year ended March 31, 2025 (April 1, 2024 – March 31, 2025).
• Consolidated ordinary revenue increased by 10.1% year-on-year to ¥104,775 million.
• Consolidated ordinary profit increased by 4.2% year-on-year to ¥24,360 million.
• Net income attributable to owners of parent increased by 2.0% year-on-year to ¥16,163 million.
• The annual dividend per share was ¥26.00 (interim ¥13.00, year-end ¥13.00), an increase of ¥9.50 from the previous fiscal year.
• For the fiscal year ending March 31, 2026, the company forecasts consolidated ordinary profit of ¥26,600 million (up 9.1% year-on-year), net income attributable to owners of parent of ¥17,850 million (up 10.4% year-on-year), basic earnings per share of ¥92.93, and an annual dividend per share of ¥30.00 (forecast).

Tomony HD’s FY2025 results show growth in ordinary revenue and net income, alongside an increased dividend payment. The positive outlook for FY2026 suggests the company anticipates continued growth and effective adaptation to the evolving financial landscape. Investors may focus on the sustained dividend increases and the projected performance for the upcoming fiscal year as key indicators.

• Chuo Seisakusho Co., Ltd. announced its non-consolidated financial results for the fiscal year ended March 31, 2026.
• Sales were ¥4,016 million (down 17.8% year-on-year), operating profit was ¥130 million (down 44.6%), ordinary profit was ¥137 million (down 43.7%), and net profit attributable to owners of parent was ¥201 million (down 9.0%).
• Diluted earnings per share were ¥260.52 (compared to ¥286.28 in the previous fiscal year).
• The year-end dividend for FY2026/3 was ¥40.00 (total annual dividend of ¥40.00), a decrease from ¥42.00 in the prior year.
• For the fiscal year ending March 31, 2027, the company forecasts sales of ¥4,000 million (down 0.4% year-on-year), operating profit of ¥100 million (down 23.5%), and net profit of ¥135 million (down 32.9%).
• The year-end dividend for FY2027/3 is planned to be ¥55.00, comprising a regular dividend of ¥35.00 and a special commemorative dividend of ¥20.00 for the 90th anniversary.

Chuo Seisakusho’s FY2026/3 results show a significant decline in both revenue and various profit metrics compared to the previous year, suggesting a challenging operational environment. While the forecast for FY2027/3 indicates largely flat sales, a further contraction in operating and net profits is anticipated, which could signal ongoing pressure on profitability. However, the planned 90th-anniversary commemorative dividend for FY2027/3 may be seen as a positive sign regarding the company’s commitment to shareholder returns.

• Juroku Financial Group reported consolidated ordinary revenue of ¥169,093 million for the fiscal year ended March 31, 2026, marking a 24.0% increase from the previous fiscal year.
• Consolidated ordinary profit reached ¥42,766 million (up 36.9% year-on-year), and net profit attributable to parent company shareholders was ¥27,380 million (up 31.3% year-on-year).
• Diluted earnings per share (EPS) for FY2026 was ¥153.22 (compared to ¥115.45 in the previous year), and the capital adequacy ratio improved to 6.2% (from 5.5%).
• The year-end dividend for FY2026 was announced as ¥140 per share, making the total annual dividend ¥240 per share. The forecast for FY2027 annual dividend is ¥50 per share after a stock split (equivalent to ¥250 before split).
• For the fiscal year ending March 31, 2027, the company forecasts consolidated ordinary profit of ¥41,000 million (down 4.1% year-on-year) and net profit attributable to parent company shareholders of ¥28,000 million (up 2.2% year-on-year).

Juroku FG’s FY2026 results show significant growth across key financial metrics, with ordinary revenue and profits increasing by double digits, driven by higher investment income and gains on securities sales. While the strong performance in FY2026 is notable, the projected decrease in consolidated ordinary profit for FY2027 may suggest potential shifts in market conditions or business strategies worth monitoring for investors. The announced stock split and dividend forecast could also influence investor sentiment moving forward.

• Morigumi Co., Ltd. has announced its non-consolidated financial results for the fiscal year ended March 31, 2026 (April 1, 2025 – March 31, 2026).
• Net sales for FY2026 were ¥28,040 million, representing a 4.8% decrease from the previous fiscal year.
• Operating profit increased by 23.5% to ¥1,335 million, and ordinary profit increased by 25.6% to ¥1,314 million.
• Net income for the period was ¥926 million, a 0.6% increase year-over-year.
• The shareholder equity ratio improved from 58.9% at the end of the previous fiscal year to 61.5%.
• For the fiscal year ending March 31, 2027, the company forecasts net sales of ¥27,200 million (down 3.0%), operating profit of ¥1,160 million (down 13.2%), ordinary profit of ¥1,160 million (down 11.8%), and net income of ¥780 million (down 15.8%).
• The annual dividend per share for FY2026 and FY2027 (forecast) is ¥14.00.

Despite a decrease in net sales, the double-digit growth in both operating and ordinary profits may suggest an improvement in the company’s profitability structure. The enhanced shareholder equity ratio could indicate strengthened financial health. However, the company’s forecast for the next fiscal year projects declines in revenue and profit, which warrants monitoring by investors.

• Sapporo Holdings Ltd. announced its consolidated financial results (IFRS) for the first quarter of the fiscal year ending December 2026 on May 14, 2026.
• Consolidated revenue for Q1 FY2026 was ¥108,979 million, representing a 4.3% decrease compared to the same period in the previous year.
• Consolidated business profit amounted to ¥586 million, a turnaround from a loss of ¥1,002 million in the prior year’s first quarter.
• Quarterly profit attributable to owners of the parent was a loss of ¥878 million, narrowing from a loss of ¥4,222 million in the previous year.
• Basic earnings per share for the quarter were △¥2.25.
• The full-year consolidated performance forecast for FY226 remains unchanged, projecting revenue of ¥505,000 million, business profit of ¥22,000 million, and profit attributable to owners of the parent of ¥296,000 million.

Sapporo Holdings’ Q1 FY2026 results show a notable improvement in business profit, turning positive despite a decrease in revenue. This shift may suggest that structural reforms in certain businesses and revenue growth in overseas operations are beginning to yield positive effects. The narrowing of the net loss attributable to owners of the parent also appears to be influenced by foreign exchange gains.

• P-Glocal Marketing announced its financial results for the fiscal year ended March 31, 2026 (April 1, 2025 – March 31, 2026).
• For FY2026, net sales were ¥387 million (up 6.5% year-on-year), and operating profit was ¥4 million (down 31.6% year-on-year).
• Ordinary profit for the period was ¥5 million (down 15.9% year-on-year), while net profit reached ¥11 million (up 213.6% year-on-year).
• For the fiscal year ending March 31, 2027 (April 1, 2026 – March 31, 2027), the company forecasts net sales of ¥480 million (up 23.7% year-on-year), operating profit of ¥20 million (up 319.2% year-on-year), and net profit of ¥13 million (up 12.4% year-on-year).
• Earnings per share (EPS) were ¥39.48 for FY2026, with a forecast of ¥44.37 for FY2027.

While P-Glocal Marketing saw solid revenue growth in FY2026, operating and ordinary profits declined, contrasting with a significant surge in net profit. This disparity may be attributed to changes in extraordinary gains/losses or the impact of deferred tax accounting. The FY2027 forecast projects substantial growth across all key metrics, with operating profit expected to increase by over 300%, suggesting a potential focus on improved business structure and profitability that investors might monitor.

• For Q1 FY2026, net sales were JPY 8.49 billion (up 140.9% year-on-year), and gross profit was JPY 1.70 billion (up 236.7% year-on-year).
• Operating profit amounted to JPY 1.11 billion, representing a 26.0% progress rate against the full-year plan.
• Pre-tax profit reached JPY 2.43 billion, achieving a 54.1% progress rate against the full-year plan, due to the recognition of an extraordinary gain of JPY 1.59 billion from the absorption-type company split of a consolidated subsidiary.
• The domestic whole-building regeneration sales business drove performance, with both net sales and gross profit increasing year-on-year.
• Inventory of revenue-generating real estate for sale reached a record high of JPY 62.6 billion.
• In the grid-scale battery storage business, the first site, “ADW Mie Matsusaka Battery Storage,” commenced operations in March 2026.

A.D.Works Group’s Q1 FY2026 results suggest strong contributions from its domestic whole-building regeneration sales business and the significant impact of extraordinary gains on profit progress. The high pre-tax profit progress rate, in particular, appears to be influenced by the extraordinary gain from the absorption-type company split, warranting a closer look at its specifics. The gradual reactivation of sales channels for the fractional real estate business and the progress in the grid-scale battery storage business could also be key areas for investors to monitor for future revenue trends.

• Applied Co., Ltd. announced a resolution for a dividend of surplus (special dividend) at its Board of Directors meeting held on May 14, 2025.
• The year-end dividend per share for the record date of March 31, 2026, is planned to be JPY 80.00 (JPY 70.00 ordinary dividend + JPY 10.00 special dividend).
• Including the interim dividend of JPY 50.00 already paid, the total annual dividend per share will be JPY 130.00.
• The total year-end dividend amount is projected to be JPY 216 million, and the total annual dividend amount JPY 351 million.
• The effective date for the dividend is June 22, 2026, and the source of the dividend is retained earnings.
• This matter is scheduled to be proposed at the 44th Annual General Meeting of Shareholders on June 19, 2026.

The decision to implement a special dividend, based on the company’s performance for the current fiscal year and its shareholder return policy, may suggest a commitment to enhancing shareholder returns. This move could result in an increase in the annual dividend per share compared to the previous fiscal year, which might be a notable point for investors. It is worth monitoring that this dividend resolution is subject to approval at the upcoming Annual General Meeting of Shareholders.

• For the fiscal year ended March 2026, net sales reached ¥7,726 million, marking an 11.1% increase year-over-year.
• Operating profit for the same period was ¥182 million (+39.9% YoY), ordinary profit was ¥188 million (+13.7% YoY), and net profit was ¥122 million (+13.3% YoY).
• Diluted EPS was ¥524.72, and diluted EPS for shares after adjustment for potential shares was ¥509.62.
• The Mobile Communications segment reported sales of ¥7,202,593 thousand (+10.7% YoY) and segment profit of ¥536,280 thousand (+19.0% YoY).
• The Bridal segment reported sales of ¥524,366 thousand (+17.7% YoY) and segment profit of ¥30,745 thousand (-17.9% YoY).
• For the fiscal year ending March 2027, the company forecasts net sales of ¥8,195 million (+6.1% YoY), but expects operating profit of ¥107 million (-40.7% YoY), ordinary profit of ¥103 million (-44.7% YoY), and net profit of ¥48 million (-60.5% YoY).

F-KOKI achieved growth in sales and all profit metrics for FY2026/3, driven by strong performance in its Mobile Communications business and contributions from M&A activities. However, the company’s forecast for FY2027/3 indicates a significant decline in profitability despite projected sales growth. This suggests that investors might need to consider the potential impact of changing business conditions or strategic investments on the company’s future earnings.

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

• G-FORLIFE announced its non-consolidated financial results for the fiscal year ended March 31, 2026 (April 1, 2025 – March 31, 2026).
• Revenue reached ¥17,476 million (up 18.3% year-on-year), operating profit was ¥880 million (up 48.9%), and ordinary profit was ¥787 million (up 50.2%).
• Net income for the period was ¥544 million (down 1.2% year-on-year).
• Earnings per share (EPS) for the period were ¥136.11.
• For the fiscal year ending March 31, 2027, the company forecasts revenue of ¥20,000 million (up 14.4% year-on-year), operating profit of ¥1,000 million (up 13.6%), ordinary profit of ¥900 million (up 14.3%), and net income of ¥650 million (up 19.4%).
• The year-end dividend for FY2026/3 is ¥17.50 (total annual dividend of ¥30.00), with an expected annual dividend of ¥32.50 for FY2027/3.

The fiscal year ended March 2026 saw double-digit growth in revenue, operating profit, and ordinary profit, indicating business expansion. However, the slight decrease in net income may be a point of interest for investors. The company’s forecast for FY2027/3 projects continued growth in both revenue and profit, suggesting that market attention will likely focus on how these future business developments are received.

• For the fiscal year ended March 2026, consolidated net sales were ¥11,505 million, an increase of 30.7% year-on-year.
• Consolidated operating profit for the same period was ¥933 million, up 54.2% year-on-year.
• Net income attributable to parent company shareholders increased by 79.8% year-on-year to ¥607 million.
• Basic earnings per share rose to ¥88.86 from ¥49.69 in the previous fiscal year.
• For the fiscal year ending March 2027 (forecast), consolidated net sales are projected at ¥13,000 million (+13.0% YoY), operating profit at ¥1,100 million (+17.9% YoY), and net income attributable to parent at ¥680 million (+12.0% YoY).

G-GDH’s fiscal year 2026 results show substantial growth across key financial metrics, including net sales, operating profit, and net income attributable to parent company shareholders. This performance appears to be driven by investments in its “Redx business” within the IT segment and “goodroom solution business” in the lifestyle segment. The company’s forecast for continued revenue and profit growth in FY2027 suggests a positive outlook on its ongoing strategic initiatives.

• G-WILLS completed an absorption merger of its wholly-owned subsidiary, Netmile Co., Ltd., which ceased to exist as of January 17, 2026.
• As a result of this merger, a special gain of ¥293 million (reversal of allowance for doubtful accounts) was recorded in the Q1 FY2026 non-consolidated financial results.
• Concurrently, a special loss of ¥293 million (loss on cancellation of treasury stock) was also recorded in the Q1 FY2026 non-consolidated financial results.
• G-WILLS states that the impact on its full-year FY2026 non-consolidated earnings forecast is minor, as the special loss is offset by the special gain.
• Due to this merger, G-WILLS will no longer prepare consolidated financial statements, as it has no remaining entities within the scope of consolidation.

This announcement details G-WILLS’ accounting treatment for the absorption merger of its wholly-owned subsidiary, Netmile, resulting in equal special gains and losses. The offsetting nature of these items suggests a minimal direct impact on the company’s financial performance. Furthermore, the transition to becoming a non-consolidated financial statement preparer indicates a shift in future reporting structures, which might be a point of interest for investors.

• G-Unite & Grow announced its non-consolidated financial results for the first quarter of the fiscal year ending December 2026 (January 1, 2026 – March 31, 2026).
• Sales reached ¥996 million, marking a 29.3% increase compared to the same period last year.
• Operating income was ¥216 million, an increase of 72.2% year-on-year.
• Ordinary income stood at ¥217 million (up 71.6% YoY), and quarterly net income was ¥156 million (up 71.3% YoY).
• By service, “General IT Systems” recorded sales of ¥843 million (up 22.6% YoY), and “IT Infrastructure” recorded sales of ¥52 million (up 86.7% YoY).
• The new service “Accounting IT,” launched in the current first quarter, generated sales of ¥49 million.
• As of the end of the period, the total number of outstanding shares was 7,963,200, with 44,624 treasury shares.

G-Unite & Grow’s Q1 FY2026 results demonstrate strong growth across sales and profit metrics, suggesting favorable business momentum. The introduction of the new “Accounting IT Shared Employee” service and the significant growth in existing “IT Infrastructure” services indicate that the company’s diverse IT human resources support business is capturing market demand. Investors may find it worthwhile to monitor how these service expansions continue to contribute to future performance.

• For the fiscal year ended March 2026, C Management reported consolidated net sales of 8,235 million JPY (up 4.2% year-on-year), operating profit of 628 million JPY (up 22.2% year-on-year), and ordinary profit of 649 million JPY (up 22.5% year-on-year), setting new record highs for all three metrics.
• Revenue by service line for FY2026/3 was: Infrastructure Solutions at 5,442 million JPY (up 4.3% year-on-year), General Solutions at 1,616 million JPY (up 5.3% year-on-year), and ERP Solutions at 1,176 million JPY (up 2.4% year-on-year), with all segments showing revenue growth.
• The consolidated performance forecast for the fiscal year ending March 2027 projects net sales of 9,020 million JPY (up 9.5% year-on-year), operating profit of 675 million JPY (up 7.5% year-on-year), and ordinary profit of 697 million JPY (up 7.3% year-on-year).
• For FY2026/3, cash flow from operating activities was 406 million JPY, cash flow from investing activities was -66 million JPY, and cash flow from financing activities was -100 million JPY.
• The number of consolidated employees as of the end of March 2026 was 754.

C Management’s FY2026/3 results demonstrate robust growth, with record-high net sales, operating profit, and ordinary profit. The revenue growth across all service solutions may suggest broad demand in their diverse business areas. The positive outlook for FY2027/3 sales and ordinary profit could indicate a continued focus on shifting towards higher-value upstream processes and expanding direct engagement with end-users, which is a strategy worth monitoring for future performance.

• Nippon Insure Co., Ltd. has announced its financial results for the second quarter (interim period) of the fiscal year ending September 2026.
• Interim sales reached ¥2,064 million (up 15.6% year-on-year), operating income was ¥590 million (up 52.5% YoY), ordinary income was ¥602 million (up 51.0% YoY), and interim net income was ¥417 million (up 53.3% YoY).
• Diluted interim net income per share was ¥145.64.
• By segment, the Guarantee Business reported sales of ¥1,949 million (up 16.4% YoY) and segment profit of ¥720 million (up 39.1% YoY).
• There are no revisions to the full-year earnings forecast or the dividend forecast (year-end ¥22.00, annual ¥22.00).

The interim results show significant year-on-year growth across all key financial metrics, with net income increasing by over 50%. This strong performance appears to be primarily driven by the Guarantee Business. The decision to keep the full-year earnings forecast unchanged may suggest a conservative outlook from the company despite the robust interim figures, which could be worth monitoring for investors.

• Atrae, Inc. announced its Q2 FY2026 (interim period) financial results (non-consolidated).
• During the interim period, net sales reached ¥3.821 billion (up 7.2% year-on-year).
• Operating profit was ¥568 million (down 17.2% year-on-year), ordinary profit was ¥545 million (down 19.5%), and interim net profit was ¥419 million (down 7.0%).
• Among the core businesses, revenue from the contingency fee-based recruitment media “Green” was ¥1.981 billion (down 6.4% year-on-year).
• Revenue from the organizational strength improvement platform “Wevox” increased to ¥1.818 billion (up 28.1% year-on-year), with over 4,300 client companies as of the end of the interim accounting period.
• The full-year earnings forecast remains unchanged from the latest public disclosure, projecting net sales of ¥8.6 billion (up 12.7% year-on-year), operating profit of ¥1.1 billion (down 40.6%), and net profit of ¥756 million (down 35.5%).

Atrae’s Q2 FY2026 results show an increase in revenue, but a decline in profit metrics compared to the previous year. This may be attributed to decreased revenue from the core “Green” business and increased advertising and personnel expenses aimed at regenerating “Green” and expanding “Wevox”‘s recognition. The strong growth in “Wevox” client numbers and revenue appears to be a key driver for overall sales growth, which could be a point of interest for investors.

• SMC’s fiscal year 2026 March saw an order recovery from the latter half of the third quarter in Japan, North America, and South Korea, with positive yen depreciation effects, leading to results that surpassed the downward-revised guidance.
• Capital expenditures for FY2026 March amounted to ¥150.2 billion against a plan of ¥180 billion. The year-end dividend was ¥500, making the annual dividend ¥1,000.
• For fiscal year 2027 March, the guidance projects ¥1 trillion in net sales, ¥219 billion in operating profit, and ¥170 billion in net profit, with the annual dividend expected to remain at ¥1,000.
• The company announced a shareholder return policy to maintain a total payout ratio of 50% or more, setting a share repurchase framework of ¥50 billion for the current fiscal year.
• SMC targets ¥1 trillion in sales as a medium-term goal, anticipating increased demand in semiconductor-related fields, automotive (hybrid vehicle investment), and broader manufacturing automation in Greater China.

SMC’s FY2026 March results, exceeding revised guidance due to order recovery and favorable forex, may suggest a rebound in key industrial sectors. The ambitious FY2027 March guidance of ¥1 trillion in sales and projected operating profit increase indicates management’s confidence in growth drivers like semiconductors and automation. The consistent annual dividend of ¥1,000 coupled with an increased share buyback framework of ¥50 billion demonstrates a strong commitment to shareholder returns, which could be a positive signal for investors.

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

• NIPPON THOMPSON announced a partial correction to its consolidated financial results for the fiscal year ended March 2026 on May 14, 2026.
• The correction was due to an error in the accounting treatment of treasury stock disposal, which was identified after the original disclosure on May 11, 2026.
• As a result of the correction, retained earnings for the current consolidated fiscal year (as of March 31, 2026) were revised from 48,022 million yen to 47,945 million yen.
• Similarly, capital surplus for the current consolidated fiscal year (as of March 31, 2026) was revised from 12,886 million yen to 12,963 million yen.
• Total net assets remained unchanged at 83,184 million yen, and total shareholders’ equity also remained unchanged at 68,315 million yen before and after the correction.

The correction of an accounting error related to treasury stock disposal is notable, but it did not impact the total net assets or total shareholders’ equity. While the breakdown between retained earnings and capital surplus was revised, the overall amount of shareholders’ equity remained the same, suggesting that the direct impact of this correction on the company’s overall financial position may be limited. Investors might focus on how these corrections affect future financial reporting processes and any enhancements in internal controls to prevent similar errors.

• Dream Bed Co., Ltd. reported consolidated results for the fiscal year ended March 2026: net sales of ¥12,174 million (up 5.8% year-on-year), operating profit of ¥703 million (up 18.1% year-on-year), ordinary profit of ¥686 million (up 17.7% year-on-year), and net profit of ¥479 million (up 15.6% year-on-year).
• Net sales, operating profit, ordinary profit, and net profit all reached record highs since listing, marking two consecutive years of increased revenue and profit.
• The company exceeded its final year targets for the medium-term management plan, with net sales (plan ¥11,000 million) and operating profit (plan ¥680 million) surpassed.
• By sales channel, sales to commercial facilities grew to ¥1,803 million (up ¥331 million year-on-year), and sales to shops/showrooms increased to ¥1,702 million (up ¥199 million year-on-year).
• The annual dividend for the fiscal year ended March 2026 is planned at ¥36 per share (including a ¥2 commemorative dividend for the 75th anniversary, with a year-end dividend of ¥19), and the forecast for the fiscal year ending March 2027 is ¥37 per share annually.

Dream Bed’s FY2026/3 financial results indicate robust performance, with record highs in all key profit metrics and exceeding its medium-term plan targets. This performance may be attributed to strong demand from the hotel industry driven by inbound tourism, the introduction of the new “KING KOIL” brand, and enhanced channel strategies. The planned consecutive dividend increases could suggest a proactive stance on shareholder returns, which might be a point of interest for investors.

• Sanyei Corporation announced its consolidated financial results for the fiscal year ended March 31, 2026 (April 1, 2025, to March 31, 2026).
• Consolidated net sales were ¥36.332 billion, representing an 8.9% decrease from the previous year.
• Operating income declined by 51.0% to ¥1.026 billion, ordinary income by 46.2% to ¥1.156 billion, and profit attributable to owners of parent by 41.7% to ¥568 million.
• Basic earnings per share for FY2026/3 was ¥59.83, compared to ¥103.09 in the prior fiscal year.
• For the fiscal year ending March 31, 2027, the company forecasts consolidated net sales of ¥36.500 billion (0.5% increase), operating income of ¥1.000 billion (2.6% decrease), ordinary income of ¥1.000 billion (13.5% decrease), and profit attributable to owners of parent of ¥700 million (23.1% increase).
• The annual dividend for FY2026/3 was ¥31.00 per share (interim ¥15.50, year-end ¥15.50), and the forecast for FY2027/3 is also ¥31.00 per share.

Sanyei Corporation’s FY2026/3 results show significant year-over-year declines across key profit metrics and sales, which may reflect the impact of restructuring unprofitable businesses as part of its mid-term management strategy. However, the FY2027/3 forecast suggests a projected increase in profit attributable to owners of parent, indicating an anticipated recovery or positive impact from these strategic adjustments. The substantial decrease in cash flow from operating activities, alongside a reduction in cash flow from financing activities, is a point worth monitoring for future financial stability.

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

• Howa Bank reported net operating revenues of ¥12,042 million for the fiscal year ended March 31, 2026, marking a 16.0% increase from the previous year.
• However, ordinary profit decreased by 10.1% to ¥1,207 million, and net profit for the period decreased by 21.0% to ¥819 million.
• Diluted earnings per share for FY2026 were ¥69.27, and the capital adequacy ratio stood at 4.7%.
• The bank announced an annual dividend of ¥10.00 per share for common stock for the fiscal year ended March 31, 2026.
• For the fiscal year ending March 31, 2027, the bank forecasts an ordinary profit of ¥1,220 million (up 1.0% year-on-year) and a net profit of ¥830 million (up 1.3% year-on-year).

Howa Bank’s FY2026 results show a notable increase in net operating revenues, primarily driven by higher interest income from loans and securities. However, this growth was offset by increased ordinary expenses, including deposit interest, provision for loan losses, and losses on sale of bonds, leading to a decline in both ordinary and net profits. The projected increase in profits for FY2027 suggests the bank anticipates an improvement in its financial performance, which may indicate a focus on managing expenses or further revenue diversification in the coming year.

• G-LAHD will conduct a 1-for-3 stock split of its common shares, effective July 1, 2026, with a record date of June 30, 2026.
• Following the split, the total number of issued shares will be 22,890,225 (from 7,630,075 previously), and the total number of authorized shares will be 51,000,000 (from 17,000,000 previously).
• In conjunction with the stock split, the company’s Articles of Incorporation will be amended to change the total number of authorized shares from 17 million to 51 million, effective July 1, 2026.
• The forecast for the full-year dividend for the fiscal year ending December 2026 has been revised upwards, effectively increasing from JPY 520.00 to JPY 522.00 per share on a pre-split basis. The interim dividend has also been revised upward.
• There will be no change in the amount of stated capital in connection with this stock split.

This announcement suggests G-LAHD’s aim to broaden its investor base and enhance stock liquidity by making shares more accessible, potentially appealing to a wider range of investors. The simultaneous announcement of a stock split and an effective dividend increase could signal the company’s commitment to shareholder returns. This revision, aligned with a 40% dividend payout ratio target, appears to reflect the company’s favorable business performance progress.

• Market Enterprise Co., Ltd. announced its consolidated financial results for the third quarter of the fiscal year ending June 2026 (July 1, 2025, to March 31, 2026).
• Consolidated net sales reached ¥19,445,542 thousand, representing a 9.5% increase compared to the same period of the previous fiscal year.
• Conversely, consolidated operating profit decreased significantly by 83.6% year-on-year to ¥77,839 thousand.
• Consolidated ordinary profit also declined by 92.8% year-on-year, totaling ¥39,203 thousand.
• Net loss attributable to owners of parent was ¥72,330 thousand, a reversal from a profit of ¥277,244 thousand in the prior year’s period.

While the company recorded a steady increase in net sales, the substantial decline in profits, particularly the shift to a net loss attributable to owners of parent, warrants attention. This could suggest impacts from increased operating costs or strategic investments that have not yet yielded returns. Investors may wish to monitor the drivers behind the profit decline in future reports.

• G-Dynamic Map announced a ¥3,797 million valuation loss on shares of affiliates in its non-consolidated financial results for the fiscal year ended March 2026.
• This valuation loss resulted from impairment processing of shares of affiliated companies held by the company.
• The impairment was applied to its subsidiary, Dynamic Map Platform North America, Inc.
• The decision for impairment was based on a comprehensive consideration of the subsidiary’s financial condition and business plans.
• This impairment loss will be recorded in the non-consolidated financial statements for the fiscal year ended March 2026, but it will have no impact on the consolidated financial performance for the same period, as it pertains to shares of a consolidated subsidiary.

While the announced valuation loss impacts the non-consolidated financial statements, the absence of an effect on consolidated earnings may suggest a contained impact from a broader investment perspective. Investors might consider assessing the underlying reasons for the impairment of Dynamic Map Platform North America, Inc., as it could indicate specific challenges or strategic shifts within that subsidiary’s operations. Monitoring the performance and outlook of this subsidiary in future disclosures could be worthwhile.

• Havix transitioned to non-consolidated financial reporting from the fiscal year ended March 2026.
• For the fiscal year ended March 2026, net sales amounted to ¥12,110 million, representing a 9.0% decrease compared to the previous period.
• Operating income was ¥428 million (a 40.2% decrease year-on-year), ordinary income was ¥474 million (a 41.3% decrease), and net income was ¥547 million (a 16.2% decrease).
• Earnings per share for the period were ¥69.91.
• The year-end dividend for the fiscal year ended March 2026 is ¥16.00 per share, and the forecast for the fiscal year ending March 2027 is also ¥16.00 per share.
• The earnings forecast for the fiscal year ending March 2027 is currently undetermined due to the uncertain business environment.

Havix’s first non-consolidated reporting period shows notable declines across key revenue and profit metrics, which may draw investor attention. The significant decrease in sales and various profit figures could indicate challenges in adapting to prevailing business conditions. The decision to keep the FY227/3 earnings forecast undetermined suggests ongoing market uncertainties that are worth monitoring.

• Shinnihon Rika announced discrepancies between its consolidated financial forecast for the fiscal year ended March 2026, published on May 14, 2025, and its actual results.
• Net sales were ¥32,105 million against a forecast of ¥34,000 million (a variance of -¥1,894 million, -5.6%). Operating profit was ¥576 million against a forecast of ¥900 million (a variance of -¥323 million, -36.0%). Ordinary profit was ¥547 million against a forecast of ¥750 million (a variance of -¥202 million, -27.0%).
• Profit attributable to owners of parent was ¥597 million against a forecast of ¥550 million (a variance of +¥47 million, +8.7%), exceeding the initial forecast.
• The reason for the higher-than-expected net profit was attributed to the recording of gains from the sale of investment securities, associated with the review of strategic shareholdings.
• The year-end dividend per share for the fiscal year ended March 31, 2026, was increased by ¥0.50 from the most recent forecast of ¥4.00, to ¥4.50 per share.

While Shinnihon Rika’s sales, operating profit, and ordinary profit fell short of initial projections, the company managed to surpass its net profit forecast, largely due to gains from the sale of investment securities. This unexpected boost in net profit appears to be the driver behind the announced increase in the year-end dividend. The impact of non-recurring factors on performance and shareholder returns amidst a challenging business environment could be a point of interest for future discussions on the company’s business restructuring and efforts to improve profitability.

• For the third quarter of fiscal year 2026 (July 1, 2025 – March 31, 2026), business revenue was zero.
• The company reported an operating loss of ¥916 million, an ordinary loss of ¥873 million, and a net loss of ¥873 million.
• Research and development expenses increased by ¥104 million year-on-year to ¥686 million.
• Total assets at the end of the period were ¥2,206 million, a decrease of ¥844 million from the previous fiscal year-end, primarily due to a ¥1,062 million reduction in cash and deposits.
• The full-year earnings forecast for fiscal year 2026 remains undisclosed due to the difficulty of making a reasonable prediction.

G-CANBAS’s Q3 FY2026 results highlight its continued status as a company focused on upfront R&D investment, with no reported revenue. The decrease in cash and deposits, linked to the preparation for CBP501’s Phase 3 clinical trial in Europe, suggests significant progress in large-scale clinical activities. The ongoing non-disclosure of the full-year earnings forecast indicates that the company’s financial outlook remains highly dependent on future partnership agreements and clinical trial advancements, which investors may wish to monitor closely.

• Meinan M&A announced its consolidated financial results for the second quarter of the fiscal year ending September 2026.
• Revenue for the interim period was ¥654 million, marking a 35.0% increase compared to the same period last year.
• The company reported an operating loss of ¥87 million (compared to a loss of ¥193 million in the prior year interim period), an ordinary loss of ¥95 million (compared to a loss of ¥199 million), and a net loss attributable to parent company shareholders of ¥83 million (compared to a loss of ¥146 million).
• The consolidated full-year earnings forecast and dividend forecast for the fiscal year ending September 2026 remain unchanged from the most recently announced projections.
• The number of completed M&A deals in the interim period was 37 (up from 33 in the prior year interim period).

Meinan M&A’s Q2 FY2026 results show a significant year-on-year revenue increase, yet the company continues to report losses. The rise in completed deals suggests that their M&A origination and awareness efforts are yielding some results. The unchanged full-year forecast may indicate management’s expectation for improved profitability in the latter half of the fiscal year.

• For Q1 FY2026, GMO Pepabo reported consolidated net sales of ¥2.614 billion, a 4.8% decrease year-over-year (YoY).
• Operating income for the quarter was ¥255 million, representing a 23.8% decrease YoY.
• Net income attributable to owners of the parent reached ¥188 million, a 20.5% decrease YoY.
• The primary reason for the decline in net sales was the deconsolidation of GMO Creators Network, Inc.’s financial support business in September 2025 due to a share transfer.
• Excluding the impact of this deconsolidation, net sales increased YoY, driven by the strong performance of the domain and rental server (hosting) business.
• The domain and rental server (hosting) segment reported sales of ¥1.592 billion (up 4.6% YoY) and segment profit of ¥504 million (up 6.9% YoY).
• The EC support business segment recorded sales of ¥707 million (down 2.0% YoY) and segment profit of ¥195 million (down 4.3% YoY).

• G-GMO Commerce (410A) announced its financial results for the first quarter of the fiscal year ending December 2026 (January 1, 2026 to March 31, 2026).
• For Q1, net sales were ¥710,233 thousand, operating income was ¥157,402 thousand, ordinary income was ¥158,777 thousand, and quarterly net income was ¥111,248 thousand.
• The number of customer stores expanded to 17,514 at the end of the quarter, up from 17,011 as of December 2025.
• Basic earnings per share for the quarter were ¥20.12, and diluted earnings per share were ¥19.65.
• The full-year earnings forecast and dividend forecast (year-end dividend ¥48.24) for the fiscal year ending December 2026 remain unchanged from previously announced figures.

The Q1 financial results provide a clear initial snapshot of G-GMO Commerce’s performance, particularly as a year-over-year comparison is unavailable due to the company not preparing quarterly financial statements for Q1 FY2025. The reported increase in customer stores, driven by its Annual Recurring Revenue (ARR) maximization strategy, may be seen as a foundational indicator for future revenue growth. The reaffirmation of the full-year outlook suggests consistency in the company’s operational trajectory.

• For the first quarter of the fiscal year ending December 2026, G-PRONI reported revenue of ¥978 million, operating profit of ¥154 million, ordinary profit of ¥154 million, and quarterly net profit of ¥177 million.
• Basic earnings per share for the quarter were ¥40.23, and diluted earnings per share were ¥36.19.
• As of the end of Q1 FY2026, total assets stood at ¥3,362 million, net assets at ¥1,815 million, and the equity ratio was 52.9%.
• The company’s key metric, the number of successful matches, increased by 22.5% year-on-year to 43 thousand.
• ARPU (Average Revenue Per User) for order-receiving companies grew by 74.4% year-on-year to ¥3,847 thousand.

G-PRONI’s first-quarter results for the fiscal year ending December 2026 show revenue of ¥978 million and an operating profit of ¥154 million. The company operates the B2B order-matching platform “PRONI Aimitsu,” and the increase in successful matches and ARPU for order-receiving companies is noted as a driver of revenue growth. An equity ratio of 52.9% suggests a stable financial position, which investors may find noteworthy.

• For the first quarter of the fiscal year ending December 2026, consolidated operating revenue was ¥1,135 million, a 0.3% increase year-on-year.
• Consolidated operating loss for the period was ¥38 million (compared to operating profit of ¥56 million in the prior year’s first quarter).
• Consolidated ordinary loss was ¥28 million (compared to ordinary profit of ¥36 million in the prior year’s first quarter).
• Net loss attributable to owners of the parent company was ¥119 million (compared to net profit of ¥27 million in the prior year’s first quarter).
• The OTA business reported operating revenue of ¥841,823 thousand (down 8.1% YoY) and operating profit of ¥131,169 thousand (down 36.1% YoY).
• The full-year consolidated earnings forecast for the fiscal year ending December 2026 remains unchanged, projecting operating revenue of ¥5,000 million, operating profit of ¥380 million, ordinary profit of ¥366 million, and net profit attributable to owners of the parent company of ¥340 million.

G-VELTRA’s Q1 FY2026 results show a slight increase in revenue but a shift to losses in key profit metrics. This appears to be influenced by reduced revenue in the overseas travel segment of the OTA business and sustained marketing investments. As the full-year forecast remains unchanged, the recovery trajectory of each business segment and the progress of cost structure optimization could be worth monitoring.

• For the third quarter of fiscal year 2026 (cumulative), consolidated net sales reached ¥1,003,663 million, marking a 67.3% increase year-on-year.
• Consolidated operating profit was ¥22,943 million, a 70.4% increase compared to the previous year.
• Consolidated ordinary profit stood at ¥20,093 million, up 38.6% year-on-year.
• Net income attributable to owners of the parent company was ¥5,922 million, representing a 29.3% decrease from the prior year.
• Eight new companies, including Seiyu Co., Ltd., were added to the scope of consolidation as of July 1, 2025, following its complete acquisition.
• The full-year consolidated earnings forecast for fiscal year 2026 has been revised, with net income attributable to owners of the parent company now projected at ¥500 million, a 95.7% decrease from the previous forecast.

G-Trial’s Q3 FY2026 results show a significant increase in revenue, exceeding ¥1 trillion, and strong growth in operating profit, largely attributed to the full acquisition of Seiyu Co., Ltd. on July 1, 2025. However, net income attributable to owners of the parent company decreased, and the full-year net income forecast has been substantially revised downwards. This could suggest the impact of accounting treatments related to the acquisition or non-cash expenses such as goodwill amortization, which warrant further attention from investors.

• For the first quarter of the fiscal year ending December 2026, net sales were ¥744 million, representing a 15.6% increase compared to the same period of the previous year.
• Operating profit for the quarter was ¥13 million (down 82.4% YoY), ordinary profit was ¥14 million (down 84.3% YoY), and quarterly net profit was ¥9 million (down 84.3% YoY).
• The Monthly Parking Innovation Business recorded net sales of ¥520,282 thousand (up 28.0% YoY) and segment profit of ¥154,192 thousand (up 15.2% YoY). AP Cloud registered units increased to 487,114 (up 23.7% YoY).
• The Building Innovation Business reported net sales of ¥223,000 thousand (down 4.4% YoY) and segment profit of ¥27,708 thousand (down 43.1% YoY).
• The full-year forecast for FY2026 remains unchanged, projecting net sales of ¥3,385 million (up 22.7% YoY), operating profit of ¥204 million (down 15.6% YoY), ordinary profit of ¥200 million (down 23.0% YoY), and net profit of ¥216 million (down 12.2% YoY).

G-Hatch Work’s Q1 FY2026 results show a robust increase in net sales, yet a significant decline in operating and net profits compared to the prior year. This trend may suggest that the company’s strategic investments and enhanced sales force in its core Monthly Parking Innovation Business have led to increased expenses. While the Building Innovation Business also experienced a decline in sales and profit, the unchanged full-year outlook indicates that the company anticipates positive returns from its investments in subsequent quarters, making future performance worth monitoring.

• G-TASUKI HD disclosed the Q&A session following its Q2 FY2026 earnings announcement.
• In response to rising interest rates and construction material costs, the company announced a strategy to increase the allocation to its “Refining Business” within the Life Platform segment, which allows for better control over construction material usage.
• Gross profit margin improved year-over-year due to sales suppression in Q1, but ordinary profit margin decreased by 0.2 percentage points due to shareholder benefit expenses and increased interest payments from higher borrowings.
• The gross profit margin for Q2 was 19.2%, slightly above the initial budget.
• Inventory assets reached a record high, but the company stated there were no stagnant properties and that sales are progressing at appropriate prices.
• The equity ratio was 29.9%, slightly below the KPI of 30%, but considered an appropriate level. An equity offering is not being considered at this time.
• In the AI Dynamics business, the company aims to expand ARR by focusing on acquiring customers for ZISEDAI TOUCH&PLAN, which operates on an account-based billing system, and developing property matching functions and AI-driven rent assessment features.

The company’s stated strategy to rebalance its business portfolio in response to external environmental changes, such as rising interest rates and material costs, suggests an emphasis on business structure flexibility. While inventory assets have increased, the company denies any risk of stagnant stock, indicating a proactive approach to pipeline securing for long-term vision achievement, which could be a key area for investors to monitor regarding future sales strategies and profitability. The outlined plans for product development and feature enhancements to expand ARR in the AI business also present potential future revenue drivers.

• G-Cocorport announced its unaudited financial results for the third quarter of the fiscal year ending June 2026 (July 1, 2025 – March 31, 2026).
• Consolidated net sales for the cumulative period reached ¥5,207 million, marking an 11.5% increase compared to the same period in the previous year.
• Operating profit was ¥610 million (up 15.5% YoY), ordinary profit was ¥627 million (up 18.5% YoY), and quarterly net profit was ¥426 million (up 18.6% YoY).
• As of March 31, 2026, total assets stood at ¥4,002 million, net assets at ¥3,131 million, and the equity ratio was 78.2%.
• The company expanded its number of support centers from 120 at the end of the previous fiscal year to a total of 126 centers (130 including pre-openings).

G-Cocorport’s Q3 results indicate robust growth across key financial metrics, with double-digit increases in revenue and all profit categories year-over-year. The expansion of its support centers appears to be a significant driver of this performance, suggesting that the company is effectively capitalizing on the growing demand within the disability welfare service sector. The strong equity ratio of 78.2% could indicate a solid financial position, which is worth monitoring for investors.

• G-VPJ announced its unaudited non-consolidated financial results for the first quarter of the fiscal year ending December 2026 (January 1, 2026 to March 31, 2026).
• Net sales reached ¥372 million, marking a 27.5% increase compared to the same quarter of the previous year.
• Operating profit was ¥63 million, an increase of 41.9% year-over-year.
• Ordinary profit amounted to ¥65 million, representing a 111.0% increase from the prior year’s first quarter.
• Net profit for the quarter was ¥46 million, up 118.8% year-over-year.
• Basic earnings per share for the quarter were ¥13.93.
• The full-year earnings forecast remains unchanged: Net sales ¥1,520 million, operating profit ¥301 million, ordinary profit ¥301 million, and net profit ¥205 million.
• The annual dividend forecast for FY2026 is currently undecided.
• New CIERTO DAM|PIM installations totaled 19 cases (a 46% increase year-over-year), with Annual Recurring Revenue (ARR) reaching ¥1,024,533 thousand (a 23.5% increase).
• A 2-for-1 stock split of common shares was conducted with an effective date of May 1, 2026.

G-VPJ’s Q1 FY2026 results demonstrate significant year-over-year growth across net sales and all profit metrics. This performance appears to be driven by the strong momentum in its DX solution business, particularly with its core “CIERTO” products, and contributions from new business initiatives including cloud services, international partner products, and government-related development projects. The continuous growth in ARR and a low churn rate could indicate a stable revenue foundation for the company’s business model.

• AMG Holdings announced its full-year results for the fiscal year ended March 2026, reporting consolidated net sales of ¥31,352 million (+3.1% year-on-year), operating profit of ¥1,930 million (+24.5% year-on-year), ordinary profit of ¥1,812 million (+25.7% year-on-year), and net profit attributable to owners of parent of ¥1,159 million (+18.9% year-on-year).
• By segment, net sales for the Construction business were ¥10,661 million (+3.0% year-on-year), Real Estate Development business ¥20,305 million (+4.2% year-on-year), and Real Estate Management business ¥942 million (+9.2% year-on-year), all achieving revenue growth.
• The per-share dividend increased by ¥10 from the previous fiscal year to ¥70 (interim ¥35, year-end ¥35), marking 8 consecutive years of dividend increases. The consolidated payout ratio was 16.9%.
• While consolidated net sales achieved 98.0% of the initial plan of ¥32,000 million, operating profit achieved 117.0% of the planned ¥1,650 million, ordinary profit 120.8% of the planned ¥1,500 million, and net profit attributable to owners of parent 115.9% of the planned ¥1,000 million.
• In the consolidated cash flow statement, cash flow from operating activities was -¥438 million (compared to ¥4,266 million in the previous period), and cash flow from financing activities turned positive at ¥925 million (compared to -¥4,223 million in the previous period).

AMG Holdings’ strong performance in FY2026, with significant profit growth across all categories, appears to be driven by robust construction demand and successful price pass-through in response to rising material costs. While net sales slightly missed the initial target, exceeding profit forecasts suggests an improved earnings structure. The eighth consecutive year of dividend increases could also be seen as a consistent commitment to shareholder returns.

• FUJI Japan announced its unaudited non-consolidated financial results for the first quarter of the fiscal year ending December 2026 (January 1, 2026 – March 31, 2026).
• Net sales for Q1 amounted to JPY 195 million, marking a 17.8% decrease compared to the same period in the previous year.
• The company reported losses across all profit stages: operating loss of JPY 19 million, ordinary loss of JPY 19 million, and net loss for the quarter of JPY 18 million. These loss figures represent an increase compared to the prior year’s first quarter.
• Loss per share for the quarter was JPY △8.90.
• The full-year earnings forecast and dividend forecast for the fiscal year ending December 2026 remain unchanged from the most recently published figures.

The Q1 results show a decline in net sales and an expansion of losses across key profitability metrics, which could indicate challenges within the company’s operating environment, possibly reflecting broader trends in the renovation industry or consumer sentiment. Investors may want to monitor how the company plans to address these pressures, especially since the full-year forecast has been maintained despite the weaker Q1 performance.

• Wakachiku Construction Co., Ltd. announced a revision (increase) to its dividend forecast for the fiscal year ending March 2026.
• The revised annual dividend (total) is ¥135 per share.
• This represents an increase of ¥3 from the previous forecast of ¥132.
• The company’s shareholder return policy under its Mid-Term Management Plan is “a dividend payout ratio of 40% or more (non-consolidated) with a minimum Dividend on Equity (DOE) of 3.6%.”
• This revision is expected to result in a non-consolidated DOE of 3.6% and a non-consolidated dividend payout ratio of 40.4%.
• This matter is scheduled to be formally decided by a resolution of the Board of Directors meeting planned for May 26, 2026.

This dividend increase by Wakachiku Construction appears to demonstrate the company’s commitment to its stated shareholder return policy within its mid-term management plan. The alignment of both the dividend payout ratio and Dividend on Equity (DOE) with target values could be seen by investors as a consistent approach to shareholder returns. Such a flexible dividend policy based on performance may also suggest confidence in the company’s financial health and future business environment.

• G-PRISM Bio reported Net Sales of ¥253 million for the second quarter of the fiscal year ending September 2026, marking a 15.8% increase compared to the previous interim period.
• The company recorded an Operating Loss of ¥584 million (vs. ¥460 million loss in prior interim period), Ordinary Loss of ¥560 million (vs. ¥432 million loss), and Net Loss for the interim period of ¥603 million (vs. ¥474 million loss).
• Loss per share for the interim period was ¥16.34.
• As of the end of the second quarter of FY2026, Total Assets stood at ¥2,586 million, Net Assets at ¥2,129 million, and the Equity Ratio was 81.8%.
• The company has not provided a full-year earnings forecast for FY2026, stating that a reasonable calculation is not possible at this time.

G-PRISM Bio, a biotech firm utilizing proprietary PepMetics® technology for new drug development, saw an increase in net sales, which may suggest progress in their collaborative development programs or milestone revenues. However, as an R&D-intensive company, it continues to report losses due to significant upfront investments in research and clinical trials. The ongoing advancement of two programs in Phase II clinical trials and the overall pipeline progress in both in-house and collaborative development initiatives could be key factors for investors to monitor for future performance.

• P-SUPPORT Co., Ltd. reported consolidated financial results for the first half of the fiscal year ending September 2026 (October 1, 2025 – March 31, 2026), showing revenue of ¥519 million, an operating loss of ¥151 million, an ordinary loss of ¥141 million, and a net loss attributable to parent company shareholders of ¥96 million.
• Year-over-year percentage changes for the interim period are not provided due to the commencement of consolidated financial statement preparation.
• As of the end of the interim period, consolidated total assets were ¥2,488 million (an increase of ¥108 million from the previous fiscal year-end), net assets were ¥748 million (a decrease of ¥134 million from the previous fiscal year-end), and the equity ratio was 30.1%.
• The full-year consolidated performance forecast (October 1, 2025 – September 30, 2026) remains unchanged from the most recent public announcement, projecting revenue of ¥2,500 million, operating profit of ¥428 million, ordinary profit of ¥423 million, and net profit attributable to parent company shareholders of ¥264 million.
• The company stated that delays in administrative procedures for urban planning changes in some projects led to a postponement of revenue recognition until after the current consolidated fiscal year-end, impacting interim performance.

While the company reported losses in the interim period due to delayed revenue recognition from administrative procedures, the unchanged full-year forecast suggests that these revenues are anticipated to be recognized in the latter half of the fiscal year or beyond, supported by continued robust demand in its core business. The significant use of cash from operating activities, primarily driven by increases in uncompleted project expenditures and real estate for sale, could indicate ongoing investments in business expansion. Investors may want to monitor the progression of these delayed projects and their eventual impact on future revenues.

• Care Service Co., Ltd. announced its full-year financial results (non-consolidated) for the fiscal year ended March 2026.
• Revenue was ¥9,217 million (down 6.3% from the previous fiscal year), operating profit was ¥131 million (down 75.3%), ordinary profit was ¥162 million (down 71.0%), and net profit was ¥115 million (down 62.7%).
• The decrease in revenue and profit was attributed to seasonal factors in core services, regional conditions in each business, service provision, and a comprehensive consideration of employee shortages, leading to the consolidation and closure of business sites.
• Revenue for the home care service business was ¥6,365 million, with segment profit of ¥188 million. Revenue for the comprehensive senior services business was ¥2,851 million, with segment profit of ¥643 million.
• The year-end dividend for the fiscal year ended March 2026 was ¥22 per share (an increase of ¥2 from the previous year), with an estimated ¥22 per share for the fiscal year ending March 2027.

Care Service’s fiscal year 2026 results show a decline in both revenue and profit compared to the previous year. This could be due to industry-wide challenges such as rising labor costs and personnel shortages in the nursing care sector, alongside the company’s business restructuring efforts. Despite the profit decline, the company announced an increased dividend, which may suggest a continued commitment to shareholder returns.

• WDB Holdings Co., Ltd. announced its consolidated financial results for the fiscal year ended March 2026.
• Consolidated net sales were ¥50,304 million (down 1.6% year-on-year), operating profit was ¥4,464 million (down 11.9% year-on-year), ordinary profit was ¥4,597 million (down 9.8% year-on-year), and net profit attributable to parent company shareholders was ¥2,755 million (down 9.7% year-on-year).
• Earnings per share were ¥141.65 (compared to ¥155.36 in the previous fiscal year).
• For the fiscal year ending March 2027 (forecast), the company projects consolidated net sales of ¥51,439 million (up 2.3% year-on-year), operating profit of ¥4,639 million (up 3.9% year-on-year), ordinary profit of ¥4,663 million (up 1.4% year-on-year), and net profit attributable to parent company shareholders of ¥2,772 million (up 0.6% year-on-year).
• The annual dividend for the fiscal year ended March 2026 was ¥62.50 in total, and for the fiscal year ending March 2027 (forecast) is ¥94.00.

WDB Holdings’ FY2026/3 results showed a decline across all key financial metrics, including net sales and various profit figures, compared to the previous fiscal year. This performance may be attributed to challenges in securing job seekers within the human resources service business and ongoing efforts to improve staff treatment. However, the company forecasts a return to increased revenue and profit for the upcoming FY2027/3, with a significant increase in the dividend forecast potentially indicating a strong commitment to shareholder returns.

• For the first quarter of fiscal year 2026 (January 1 to March 31, 2026), consolidated net sales totaled ¥13,409 million, representing a 5.6% increase year-over-year.
• Consolidated operating income reached ¥275 million, up 2.9% compared to the prior year’s first quarter.
• Consolidated ordinary income was ¥280 million, showing a 0.2% increase year-over-year.
• Net income attributable to owners of the parent company amounted to ¥172 million, marking a 12.0% rise from the previous year.
• The consolidated full-year earnings forecast and the annual dividend forecast for fiscal year 2026 remain unchanged from the projections announced on February 6, 2026.

The reported increase in both revenue and profit for the first quarter may suggest positive momentum in the company’s operational activities. Growth in various sales channels, including convenience stores, restaurants, and online sales, along with a stable performance in vending machine operations, appears to be contributing to the sales increase. Maintaining profitability despite rising raw material costs could indicate effective cost management and ongoing efforts for profit improvement.

• Imageone’s net sales for the second quarter of the fiscal year ending September 2026 (interim period) were ¥324 million, representing a 45.0% decrease year-on-year.
• The company reported an operating loss of ¥257 million, an ordinary loss of ¥294 million, and a net loss for the interim period of ¥152 million.
• For the financial position, total assets stood at ¥1,806 million, net assets at ¥1,115 million, and the equity ratio was 59.9%.
• The dividend forecast for the fiscal year ending September 2026 is ¥0.00 per share (year-end ¥0.00), with no revisions from the most recent forecast.
• The full-year earnings forecast for FY2026 remains unchanged, projecting net sales of ¥1,377 million, operating profit of ¥76 million, ordinary profit of ¥74 million, and net profit of ¥226 million.

Imageone’s second-quarter results show a significant year-on-year decline in net sales, yet the full-year earnings forecast remains unchanged, which may suggest the company anticipates a recovery in the latter half of the fiscal year. This could be attributed to ongoing structural reforms and reallocation of management resources in certain new businesses. Additionally, the improved equity ratio could be seen as an indicator of a more stable financial foundation.

• G-Sapeet announced its non-consolidated financial results for the second quarter (interim) of the fiscal year ending September 2026.
• Revenue reached ¥829 million (an 84.9% increase year-on-year), operating profit was ¥102 million (a 579.0% increase year-on-year), ordinary profit was ¥102 million (a 2,218.8% increase year-on-year), and interim net profit was ¥115 million (a 2,640.6% increase year-on-year).
• The full-year earnings forecast for FY2026 has been revised upwards, projecting revenue of ¥1,700 million (a 70.7% increase from the previous period), operating profit of ¥120 million (an 118.2% increase), ordinary profit of ¥121 million (a 168.9% increase), and net profit of ¥132 million (an 88.6% increase).
• Interim net profit per share was ¥72.54, and diluted interim net profit per share was ¥70.86.
• The dividend forecast for FY2026 remains ¥0.00 (unchanged from the most recently announced forecast).

G-Sapeet’s Q2 FY2026 results show significant growth in revenue and all profit metrics, driven by progress and expansion in AI solutions, new project acquisitions, and increased AI product accounts. The rise in cost of sales and selling, general and administrative expenses suggests ongoing strategic investments for business expansion. The upward revision of the full-year earnings forecast could indicate the company’s confidence in its future business developments.

• Ichimasa Kamaboko has announced its consolidated financial results for the third quarter of the fiscal year ending June 2026 (July 1, 2025, to March 31, 2026).
• Consolidated net sales for the period were ¥28.165 billion, representing a 2.6% increase compared to the same period in the previous year.
• Operating profit decreased by 15.0% year-on-year to ¥973 million, ordinary profit decreased by 20.3% to ¥924 million, and profit attributable to owners of parent decreased by 29.5% to ¥673 million.
• By segment: Seafood Paste & Prepared Foods business sales were ¥24.7 billion (+2.5% YoY), with segment profit of ¥865 million. Mushroom business sales were ¥3.213 billion (+4.0% YoY), with segment profit of ¥16 million (compared to a loss in the prior year). Transportation & Warehouse business sales were ¥251 million (-3.0% YoY), with segment profit of ¥84 million.
• The full-year consolidated earnings forecast remains unchanged: net sales of ¥36.2 billion (+4.7% YoY), operating profit of ¥1.1 billion (+23.4% YoY), ordinary profit of ¥1.15 billion (+26.8% YoY), and profit attributable to owners of parent of ¥750 million (+0.4% YoY).

The latest financial results indicate an increase in sales but a decline in profits compared to the prior year. The Seafood Paste & Prepared Foods business, despite sales growth, appears to have been impacted by rising raw material and labor costs. Conversely, the Mushroom business turned profitable and showed sales growth, suggesting a potential area of improvement within the company’s business segments that is worth monitoring.

• Nitcho Co. (2961) announced its Q2 FY2026 (non-consolidated) financial results for the period ending March 31, 2026.
• Net sales for the interim period amounted to ¥9,665 million, marking a 5.2% increase compared to the same period in the previous year.
• Operating profit was ¥502 million (+0.5% YoY), ordinary profit was ¥510 million (-5.4% YoY), and net income for the interim period was ¥331 million (-9.7% YoY).
• Diluted earnings per share for the interim period stood at ¥297.82.
• The full-year FY2026 forecast remains unchanged, projecting net sales of ¥19.1 billion (+5.4% YoY), operating profit of ¥820 million (-2.9% YoY), ordinary profit of ¥830 million (-8.6% YoY), and net income of ¥500 million (-16.8% YoY).

While Nitcho Co. reported an increase in net sales, the decline in ordinary profit and net income warrants attention. The company’s commentary attributes this decrease to “temporary non-operating income in the previous fiscal year,” suggesting a non-recurring factor. The unchanged full-year forecast indicates that management believes performance is progressing in line with initial plans, which may imply expectations for profit recovery in the latter half of the fiscal year.

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

• MIC Co., Ltd. announced its full-year results for the fiscal year ended March 2026, reporting record-high net sales of ¥15,092 million (up 23% year-on-year) and ordinary profit of ¥1,742 million (up 71% year-on-year).
• The ordinary profit margin improved from 8.3% in the previous fiscal year to 11.5%.
• The dividend per share for FY2026/3 was ¥70, an increase of ¥42.50 from the previous year.
• For the fiscal year ending March 2027, the company forecasts net sales of ¥15,400 million (up 2% year-on-year, under new accounting standards) and ordinary profit of ¥2,100 million (up 21% year-on-year).
• From FY2027/3, the accounting treatment for DM postage will change from sales to advances, with the real sales growth rate excluding postage expected to be 17%.
• The planned dividend per share for FY2027/3 is ¥77.00, an increase of ¥7.00 from the previous fiscal year.
• The relocation of the fulfillment center is expected to yield approximately ¥1.1 billion in P/L cost savings over 10 years, though an extraordinary loss of approximately ¥100 million related to the relocation is anticipated for FY2027/3.

MIC achieved substantial revenue and profit growth in FY2026/3, driven by increased sales to both new and existing customers, coupled with improved cost of sales and selling, general, and administrative expenses ratios. The company’s high equity ratio of 74.8% suggests a strong financial foundation. For FY2027/3, MIC projects continued growth in revenue, profit, and dividends, indicating a focus on long-term profitability despite the temporary costs associated with a change in accounting standards and the relocation of its fulfillment center.

• RESTEC Corporation has revised its dividend forecast for the fiscal year ending March 2026.
• The annual dividend per share is increased from the previous forecast of ¥125 to ¥128.
• The year-end dividend per share has been revised from the previous forecast of ¥65 to ¥68.
• The revision is attributed to the record-high consolidated business performance for the fiscal year ending March 2026, and the shareholder return policy outlined in the medium-term management plan, which includes a “consolidated dividend on equity (DOE) of 4% or more” and “stable and continuous dividend increases.”
• With this revision, the DOE is expected to be 4.0%.

This dividend increase suggests RESTEC’s commitment to its medium-term management plan’s shareholder return policy, distributing the benefits of record-high earnings to shareholders. The emphasis on DOE as a key indicator and the goal of stable and continuous dividend increases may be noteworthy for investors considering long-term holdings.

• Humanstage Holdings announced discrepancies between its full-year performance forecast and actual results for the fiscal year ended March 31, 2026 (April 1, 2025 – March 31, 2026).
• Consolidated net sales were ¥3,816 million against a forecast of ¥4,079 million, representing a decrease of 6.5%.
• Consolidated operating profit was a loss of ¥50 million against a forecast loss of ¥1 million.
• Consolidated ordinary profit was ¥103 million against a forecast of ¥9 million.
• Net profit attributable to owners of parent was ¥89 million against a forecast of ¥29 million, an increase of 199.2%, with basic EPS at ¥70.80.
• The company cited a decrease in revenue due to reduced dispatched personnel and delayed start times for new projects, while ordinary profit and net profit exceeded forecasts due to gains from securities sales and insurance cancellation refunds.
• The company decided to declare no year-end dividend for the current fiscal year, prioritizing growth investments and strengthening its business foundation for long-term corporate value enhancement.

The significant deviation where net sales and operating profit fell short of expectations, while ordinary profit and net profit substantially exceeded them, suggests that non-core business activities played a critical role in the final earnings. The decision to declare no year-end dividend may indicate a strategic focus on reinvestment into the business for future growth and strengthening its operational base.

• For the fiscal year ended March 31, 2026 (April 1, 2025 – March 31, 2026), Nihon Seima reported net sales of ¥2,399 million (down 3.7% year-on-year), an operating loss of ¥35 million (compared to an operating income of ¥95 million in the prior period), and an ordinary loss of ¥47 million (compared to an ordinary income of ¥92 million in the prior period).
• Net income for the period was ¥583 million, representing an 806.3% increase compared to the previous fiscal year.
• Earnings per share (EPS) for the period stood at ¥132.48.
• The annual dividend per share was announced as ¥10, comprising ¥4 for ordinary dividend and ¥6 for special dividend.
• The forecast for the full fiscal year ending March 31, 2027, includes projected net sales of ¥2,600 million (up 8.3% year-on-year), operating income of ¥40 million, ordinary income of ¥15 million, and net income of ¥3 million.

Nihon Seima’s FY2026/3 results show a significant increase in net income despite a decline in net sales, which appears to be driven by the recognition of special gains from the transfer of shares in a consolidated subsidiary. While the company forecasts an increase in net sales for the next fiscal year, a substantial decrease in net income is anticipated, suggesting that the focus for investors may shift towards the improvement of core business profitability excluding one-off special gains.

• RSTECH released the Q&A for its Q1 FY2026 earnings briefing on May 14, 2026.
• The Wafer Regeneration Business progressed as planned in both net sales and operating income, with the operating profit margin increasing from 36.0% in the prior year period to 38.5%.
• The Prime Wafer Business achieved record-high shipments of approximately 250,000 8-inch prime wafers per month due to increased production equipment investment, resulting in increased sales and profits year-on-year.
• Selling, general and administrative expenses, attributed as company-wide costs, increased primarily due to an increase in head office personnel and investments in human capital, including wage increases and expanded training programs.
• The company acknowledges that the impact of the Middle East situation on its operations is currently limited, but the mid-to-long-term outlook remains highly uncertain.

RSTECH’s Q1 performance suggests steady progress in its core businesses, with notable improvements in the profitability of its wafer regeneration segment and increased shipment volumes in the prime wafer segment. The rise in company-wide expenses, driven by human capital investments, could indicate a strategic focus on long-term growth. Investors may wish to monitor the evolving Middle East situation, as the company acknowledges its potential for future uncertainty.

• For the fiscal year ended March 2026, net sales were ¥2,311,924 thousand (up 6.0% year-on-year).
• Operating profit for the same period was ¥190,481 thousand (up 21.2% year-on-year), and ordinary profit was ¥187,023 thousand (up 17.4% year-on-year).
• Net profit for the period was ¥106,323 thousand (down 5.8% year-on-year), primarily due to an extraordinary loss of ¥29,443 thousand from investment securities valuation loss.
• Basic earnings per share were ¥22.57.
• For the fiscal year ending March 2027, the company forecasts net sales of ¥2,410 million (up 4.3% year-on-year), operating profit of ¥191 million (up 0.4% year-on-year), ordinary profit of ¥187 million (up 0.1% year-on-year), and net profit of ¥128 million (up 20.9% year-on-year).
• The annual dividend per share is ¥10.00 for both FY2026 and FY2027 (forecast).

P-Ban.com’s FY2026 results show solid growth in net sales and operating profit, indicating an improvement in core business profitability. However, the decrease in net profit due to an investment securities valuation loss is a point for investors to consider. The company’s forecast for FY2027 projects renewed growth in both revenue and profit, suggesting that future business strategies and profitability improvements may be anticipated.

• Wacoal Holdings Corp. announced its consolidated financial results for the fiscal year ended March 31, 2026 (April 1, 2025 – March 31, 2026).
• Revenue for the period was JPY 171,510 million, a decrease of 1.4% compared to the previous fiscal year.
• Business profit was a loss of JPY 461 million (compared to a loss of JPY 3,437 million in the prior year), while operating profit surged to JPY 19,877 million, a 504.5% increase year-on-year.
• Profit before tax stood at JPY 19,653 million (+246.0% YoY), and profit attributable to owners of the parent was JPY 13,124 million (+81.8% YoY).
• Basic earnings per share were JPY 261.65 (compared to JPY 133.90 in the prior year).
• For the full fiscal year ending March 31, 2027, the company forecasts consolidated revenue of JPY 187,600 million (+9.4% YoY), operating profit of JPY 1,500 million (△92.5% YoY), and profit attributable to owners of parent of JPY 1,800 million (△86.3% YoY).

Wacoal Holdings’ FY2026 results show a significant recovery in profitability, with operating profit and profit attributable to owners of the parent increasing substantially despite a slight decrease in revenue. This could suggest effective cost management or improved operational efficiency during the period. However, the company’s forecast for FY2027 projects a notable decline in operating profit and profit attributable to owners of the parent, even with an anticipated increase in revenue, which may warrant close monitoring of their upcoming strategies and efforts to sustain profit margins.

• Jorudan Co., Ltd. announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending September 2024.
• Revenue reached 1,651 million yen (up 11.4% year-on-year), operating profit was 87 million yen (up 94.1%), ordinary profit was 342 million yen (up 61.3%), and profit attributable to owners of parent was 259 million yen (up 56.7%).
• By segment, the Transit Information business reported significantly increased revenue of 1,431 million yen (up 13.8% year-on-year) and segment profit of 238 million yen (up 26.8%).
• The full-year consolidated earnings forecast remains unchanged: revenue of 2,950 million yen, operating profit of 80 million yen, ordinary profit of 220 million yen, and profit attributable to owners of parent of 150 million yen.
• The year-end dividend forecast is unchanged at 6.00 yen per share.

Jorudan’s Q2 FY2024 results show significant year-on-year growth in revenue and all profit metrics, driven by strong performance in its core Transit Information business. The substantial increase in operating profit, nearly doubling from the previous year, could indicate improved operational efficiency. However, with the full-year forecast remaining unchanged, investors may focus on the company’s performance in the second half of the fiscal year and any potential shifts in its cost structure.

• NextGen has determined a year-end dividend of ¥15 per share for the fiscal year ended March 2026. This includes a special dividend of ¥5 due to achieving record high profits for two consecutive periods.
• The total annual dividend for the fiscal year ended March 2026 will be ¥30 per share, combining the interim dividend of ¥15 and the year-end dividend.
• The forecast for the fiscal year ending March 2027 annual dividend is ¥30 per share, comprising a ¥20 ordinary dividend and a ¥10 commemorative dividend for the 25th anniversary of the company’s founding.
• For the shareholder benefit program, effective from the record date of March 31, 2027, the eligibility requirement will change from “200 shares or more” to “300 shares or more.” The benefit content, a ¥3,000 QUO card, remains unchanged.

NextGen’s decision to increase its annual dividend for FY2026, including a special dividend, follows two consecutive years of record profits, which may suggest a proactive stance on shareholder returns. The company’s plan to continue with a commemorative dividend in FY2027 indicates a commitment to consistent shareholder remuneration. However, the adjustment to the minimum shareholding for shareholder benefits could reflect an intention to encourage longer-term investment or target a different shareholder base.

• For the second quarter of the fiscal year ending September 2026, Tear reported consolidated net sales of ¥11,422 million, representing a 1.4% decrease year-on-year.
• Operating profit stood at ¥1,004 million (down 35.9% YoY), ordinary profit at ¥909 million (down 42.3% YoY), and net profit attributable to parent company shareholders at ¥517 million (down 49.1% YoY).
• The funeral services segment recorded sales of ¥10,277 million (down 4.3% YoY) and operating profit of ¥1,834 million (down 23.1% YoY). The number of funeral services decreased by 3.6% YoY to 10,308 cases, and the average funeral unit price decreased by 1.0%.
• The franchise business segment reported sales of ¥254 million (down 11.3% YoY) and operating profit of ¥37 million (down 15.6% YoY).
• The other businesses segment saw sales increase by 56.6% YoY to ¥891 million and operating profit increase by 224.1% YoY to ¥112 million, driven by increased real estate transactions and higher-value properties, as well as an increase in reuse business purchases.
• The consolidated full-year earnings forecast and dividend forecast remain unchanged from the announcement made on November 13, 2025.

Tear’s Q2 FY2026 results show a decrease in net sales and profits compared to the prior year. This decline appears primarily attributable to a reactionary decrease in the number of funeral services following a strong previous period in the funeral services segment. However, strong performance in the “other businesses” segment, particularly real estate and reuse, helped mitigate the overall sales decline. The company maintaining its full-year earnings forecast could suggest an expectation for recovery in the latter half of the fiscal year.

• Nittoku Paint Co. announced that its consolidated financial results for the fiscal year ended March 2026 exceeded the previously announced forecast.
• Consolidated net sales were ¥61,889 million against a forecast of ¥60,500 million, operating income was ¥4,004 million against ¥3,050 million, ordinary income was ¥6,834 million against ¥5,650 million, and net income attributable to owners of parent was ¥5,244 million against ¥4,800 million.
• The difference in consolidated operating income was attributed to the impact of rising raw material prices and a decrease in domestic vehicle production due to US tariff policies being less significant than anticipated, among other factors.
• The company’s Board of Directors, at its meeting on May 14, 2026, decided to increase the year-end dividend per share for the fiscal year ended March 31, 2026, from the previously forecast ¥60 to ¥75.
• This increase brings the total annual dividend, including the interim dividend of ¥50, to ¥125 per share.

This announcement indicates that Nittoku Paint’s consolidated performance for the fiscal year ended March 2026 surpassed its initial projections across all key metrics. The significant increase in operating income, exceeding the forecast by 31.2%, may suggest effective management in navigating cost pressures and market conditions. The accompanying dividend increase, reflecting the stronger performance, could be viewed positively by investors as a sign of commitment to shareholder returns.

• Tranvia Co., Ltd. announced the non-consolidated financial results for the fiscal year ended March 2026 for Toho System Science Co., Ltd., which became a wholly-owned subsidiary on April 1, 2026. The announcement was made on May 14, 2026.
• For the fiscal year ended March 2026, net sales were ¥18,281 million (up 5.4% year-on-year), operating profit was ¥1,733 million (up 4.5%), and ordinary profit was ¥1,741 million (up 7.0%).
• Net profit for the same period was ¥1,178 million (down 1.3% year-on-year).
• The equity ratio as of March 2026 was 68.1% (68.0% in March 2025), and net assets per share were ¥531.57 (¥509.15 in March 2025).
• Toho System Science became a wholly-owned subsidiary of Tranvia on April 1, 2026, and was delisted from the Tokyo Stock Exchange on March 30, 2026. Consequently, no financial forecasts or dividend forecasts for the fiscal year ending March 2027 have been disclosed.

This marks the first financial disclosure for Toho System Science after its complete acquisition by Tranvia, serving as foundational data for assessing its future impact on the parent company’s consolidated performance. While most revenue and profit figures showed growth, the slight decrease in net profit for the period may warrant closer examination for its underlying causes. As a wholly-owned subsidiary, Toho System Science’s results will now likely be integrated into Tranvia’s consolidated financial statements, potentially making this one of its last standalone disclosures.

• Meito Co., Ltd. announced its consolidated financial results for the fiscal year ended March 31, 2026 (April 1, 2025 – March 31, 2026).
• Consolidated net sales amounted to ¥29,106 million (up 3.7% year-on-year), operating profit was ¥1,230 million (down 12.5%), and ordinary profit was ¥2,913 million (up 9.0%).
• Profit attributable to owners of parent was ¥3,067 million (down 35.0% year-on-year).
• The annual dividend for the fiscal year ended March 31, 2026, was ¥55.00 per share (interim ¥20.00, year-end ¥35.00), compared to ¥35.00 for the previous fiscal year.
• For the fiscal year ending March 31, 2027, the company forecasts consolidated net sales of ¥30,500 million (up 4.8%), operating profit of ¥1,800 million (up 46.3%), ordinary profit of ¥3,000 million (up 3.0%), and profit attributable to owners of parent of ¥2,100 million (down 31.6%). An annual dividend of ¥80.00 per share is planned.

Meito’s FY2026/3 results show a divergence between increased sales and ordinary profit, and a decrease in profit attributable to owners of parent. This decline in net profit may largely be attributed to the absence of the significant extraordinary gain from the sale of investment securities recorded in the prior year. The FY2027/3 forecast, which projects a substantial recovery in operating profit and a further increase in the annual dividend, suggests management’s confidence in future earnings improvements and a commitment to shareholder returns.

• P-Mediear reported net sales of ¥279 million for the first half of fiscal year 2026 (October 1, 2025 – March 31, 2026), marking a 19.0% increase year-on-year.
• Operating income reached ¥24 million (+14840.1% YoY), ordinary income ¥28 million (+841.7% YoY), and net income for the interim period was ¥15 million (+916.9% YoY).
• By segment, EC support services generated ¥232 million in sales (+8.4% YoY), while D2C sales contributed ¥46 million (+131.8% YoY).
• The full-year forecast for FY2026 remains unchanged, projecting net sales of ¥568 million (+18.9% YoY), operating income of ¥36 million (+499.0% YoY), and net income of ¥26 million (+1406.5% YoY).
• Total assets stood at ¥688 million, net assets at ¥223 million, and the equity ratio was 32.5%.

The significant increases in net sales and profits for the interim period suggest strong performance driven by both EC support services and D2C sales. The remarkable growth in operating income could indicate improved profitability and an expanding business scale. With the full-year forecast unchanged, investors may wish to monitor future developments.

• Fixstars Corporation announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending September 2026.
• For the interim period (October 1, 2025 – March 31, 2026), consolidated net sales were ¥5,442 million (up 13.8% year-on-year), operating profit was ¥1,635 million (up 8.8% year-on-year), and ordinary profit was ¥1,641 million (up 9.5% year-on-year).
• Net profit attributable to owners of the parent decreased by 19.1% year-on-year to ¥964 million.
• The full-year consolidated earnings forecast has been revised: Net sales of ¥10,800 million (up 12.3% year-on-year), operating profit of ¥3,100 million (up 20.2% year-on-year), ordinary profit of ¥3,100 million (up 20.1% year-on-year), and net profit attributable to owners of the parent of ¥1,950 million (up 0.2% year-on-year).
• The annual dividend forecast has also been revised, with the year-end dividend projected at ¥19.00, totaling ¥19.00 (compared to ¥18.00 in the previous fiscal year).

Fixstars’ Q2 FY2026 results show growth in revenue, operating profit, and ordinary profit, but a decline in net profit attributable to owners of the parent, which may draw investor attention. The revised full-year forecasts and dividend projections could reflect changes in the business environment or future strategic adjustments. The balance between the strong performance of the core Solution business and aggressive investment in the SaaS business might influence future earnings.

• G-Kringle Pharma announced its Q2 FY2026 earnings presentation on May 14, 2026.
• In the development of a treatment for acute spinal cord injury, a face-to-face consultation with PMDA concluded, and the framework for additional clinical trials was agreed upon in April 2026.
• Patient enrollment for the Phase III clinical trial of the vocal cord scar treatment was completed in January 2026.
• A US subsidiary was established and capital increases were implemented in November 2025 and April 2026.
• A Japanese patent for a chronic spinal cord injury therapeutic agent for acute spinal cord injury was registered in December 2025, and Orphan Drug Designation was obtained in Europe in March 2026.

G-Kringle Pharma’s announcement highlights concrete progress in its key development pipelines for acute spinal cord injury and vocal cord scars, with regulatory agreement and clinical trial advancement being significant milestones for future business development. The establishment of a US subsidiary and patent acquisitions could be interpreted as foundational steps for global business expansion. These advancements may influence the company’s growth strategy, making them noteworthy points for investors.

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

• Value HR Co., Ltd. resolved to revise its interim dividend forecast (increase) for the fiscal year ending December 2026 at its Board of Directors meeting held on May 14, 2026.
• The interim dividend forecast for the fiscal year ending December 2026 will be increased by ¥1.00 per share, from ¥13.50 to ¥14.50.
• Consequently, the annual dividend for the fiscal year ending December 2026 is projected to be ¥28.00, up from the previous forecast of ¥27.00.
• The reason cited for the interim dividend forecast revision is the strong performance of the company’s core business.
• The previous year’s actual annual dividend (fiscal year ended December 2025) was ¥13.00 for both interim and year-end, totaling ¥26.00.

This revised dividend forecast, based on the strong performance of the company’s core business, may suggest a commitment to shareholder returns. The projected increase in the annual dividend compared to the previous fiscal year’s actual result is a point of interest for investors. Consistent changes in dividend amounts can serve as an indicator of a company’s financial health and management policy.

• Media Links Co., Ltd. reported consolidated net sales of ¥2.337 billion for the fiscal year ended March 2026, marking a 16.2% decrease year-over-year.
• Gross profit was ¥1.053 billion (down 32.6% YoY), and operating loss expanded to -¥877 million (compared to -¥523 million in the prior year).
• Net loss attributable to owners of parent was -¥1.454 billion, impacted by decreased revenue, increased cost of sales, and an inventory valuation loss related to older products.
• Geographically, the Asia market lacked large-scale project sales, and multiple projects in the EMEA market were frozen due to the deteriorating situation in the Middle East. Sales to major telecommunication carriers in the Americas market increased year-over-year.
• For the fiscal year ending March 2027, the company forecasts consolidated net sales of ¥3.690 billion (up 57.9% YoY) and an operating profit of ¥20 million, projecting a return to profitability.

Media Links’ FY2026/3 results showed declines in revenue and profitability, with geopolitical tensions in the Middle East reportedly impacting project freezes in the EMEA market. However, the company projects a significant recovery in sales and a return to operating profitability for FY2027/3, which may suggest that new large-scale project wins in Japan and ongoing proposal activities with key customers in North America are expected to drive future growth. Investors may find it worth monitoring the progress of these upcoming projects and the market adoption of their new “Xscend” product line as key factors for the company’s turnaround.

• Nippon Dempa Kogyo Co., Ltd. (NDK) announced its consolidated financial results for the fiscal year ended March 31, 2026 (April 1, 2025 – March 31, 2026).
• Revenue increased by 2.9% year-on-year to ¥54,629 million.
• Operating profit decreased by 27.4% to ¥3,355 million, profit before tax decreased by 13.6% to ¥2,552 million, and profit attributable to owners of the parent increased by 15.2% to ¥2,065 million.
• For the fiscal year ending March 31, 2027, the company forecasts consolidated revenue of ¥60,600 million (an increase of 10.9% year-on-year) and operating profit of ¥4,000 million (an increase of 19.2% year-on-year).
• The annual dividend per share for both FY2026/3 and FY2027/3 (forecast) is planned to be ¥30.00 (interim ¥15.00, year-end ¥15.00).

NDK’s FY2026/3 results show revenue growth but a decline in operating profit. This suggests that upfront investments in R&D and DX initiatives aimed at strengthening future growth foundations temporarily impacted profitability. The FY2027/3 forecast projects a rebound in both revenue and profit, which may indicate expectations for these strategic investments to yield positive returns in the coming period.

• Ｇ－Ｔ．Ｓ．Ｉ reported consolidated net sales of ¥1,370 million for the first quarter of fiscal year 2026 (January 1, 2026 to March 31, 2026), marking a 25.6% increase compared to the same period in the previous year.
• Operating income for the quarter was ¥13 million, a turnaround from an operating loss of △¥43 million in the prior year’s first quarter.
• Ordinary income stood at ¥12 million, and net income attributable to owners of the parent was ¥6 million, both recovering from losses in the prior year period.
• Basic earnings per share for the quarter were ¥4.58.
• As of the end of the first quarter, total assets were ¥6,047 million, net assets were ¥1,421 million, and the equity ratio was 23.5%.
• The company announced a revised full-year dividend forecast for FY2026, including a special dividend of ¥5 for the second quarter, totaling an expected annual dividend of ¥15.

G-T.S.I.’s Q1 FY2026 results show a notable increase in net sales and a return to profitability across operating, ordinary, and net income levels. This performance may be attributed to contributions from newly opened facilities, the successful operation of their home-visit nursing business, and the launch of marketing efforts for their in-house system. The revision of the dividend forecast to include a payout could also be seen as a positive signal regarding shareholder returns.

• Nippon Television Holdings, Inc. has decided on a year-end dividend of ¥35.00 per share for the fiscal year ending March 31, 2026.
• This represents an increase of ¥5.00 from the previous dividend forecast of ¥30.00 per share announced on February 5, 2026.
• The total dividend amount is ¥8,923 million, with an effective date of June 29, 2026.
• The company resolved to reverse ¥30,000,000,000 from the separate retained earnings reserve and transfer it to retained earnings brought forward.
• The reversal of the separate retained earnings reserve will not impact the total net assets or the company’s profit and loss.

This announcement by Nippon TV HD is noteworthy for both the increase in dividend from its previous forecast and the decision to reverse a portion of its separate retained earnings. This move could signal the company’s commitment to its stated shareholder return policy of a total payout ratio of 35% or more, as outlined in its medium-term management plan. The reversal of the separate retained earnings reserve, aimed at securing flexibility in future capital policy, may indicate a strategic effort to enhance the stability of dividend payments and allow for more agile financial management.

• Royal Hotel Co., Ltd. announced a resolution for a dividend increase (ordinary shares) from retained earnings at its Board of Directors meeting held on May 14, 2026.
• The year-end dividend for the fiscal year ending March 31, 2026, has been set at ¥6.00 per share.
• This represents an increase from the most recent dividend forecast (announced on February 12, 2026) of ¥5.00 per share.
• The total dividend amount is ¥91 million, with the dividend source stated as retained earnings.
• The effective date for the dividend payment is June 26, 2026.
• The reason for the increase includes the company’s full-year performance for the fiscal year ending March 2026 exceeding its plan due to increased demand related to the Osaka-Kansai Expo, as well as favorable consolidated financial conditions and full-year consolidated results.

This announcement suggests Royal Hotel’s commitment to shareholder returns, reflecting the company’s strong performance. The significant impact of the Osaka-Kansai Expo on the company’s results appears to be a key factor. Investors may monitor future hotel demand trends and the company’s ongoing shareholder return policies.

• G-Kinjiro announced its consolidated financial results for the first quarter of the fiscal year ending December 2026 (January 1, 2026 – March 31, 2026).
• Net sales amounted to ¥1,331 million, representing a 6.3% increase compared to the same period in the previous year.
• Operating profit was ¥326 million (a 7.0% decrease year-on-year), ordinary profit was ¥319 million (an 8.6% decrease), and net profit attributable to owners of parent was ¥207 million (an 11.3% decrease).
• Diluted earnings per share for the quarter were ¥10.51.
• The full-year consolidated earnings forecast (net sales ¥6,000 million, operating profit ¥1,601 million, net profit attributable to owners of parent ¥1,050 million) remains unchanged.
• Cloud license sales within the cloud business recorded ¥900,773 thousand, a 28.4% increase year-on-year.

G-Kinjiro’s Q1 FY2026 results showed an increase in net sales but a decrease in profit items compared to the prior year. This trend may suggest strong growth in the cloud business, as evidenced by the significant rise in cloud license sales, while potential factors such as the decline in the on-premise business or other cost structures could have impacted overall profitability. The unchanged full-year forecast indicates the company believes it is on track to meet its initial plan, which investors may monitor for future updates.

• TalentX Inc. announced its full-year financial results for the fiscal year ended March 2026.
• Full-year revenue reached ¥1,751 million, representing a 122% year-over-year increase.
• Adjusted operating profit was ¥366 million, with an adjusted operating profit margin of 21%. This exceeded the initial forecast of ¥306 million by 119%.
• Annual Recurring Revenue (ARR) stood at ¥1.68 billion, with 402 paying companies and a monthly churn rate of 0.9% as of March 2026.
• The company completed its rebranding to “MyTalent Platform,” launching it as an integrated talent acquisition platform.

TalentX has demonstrated strong revenue growth and profitability while achieving its initial business focus points, which may indicate effective strategic execution. The high subscription revenue ratio of 91% suggests a stable and sustainable growth model. Maintaining an 84% gross profit margin despite accelerated AI development investments could highlight the robustness of its business model.

• P-Tops reported net sales of ¥2,135 million for the first half of the fiscal year ending September 2026, marking a 6.8% increase compared to the same period last year.
• However, operating profit decreased by 28.5% to ¥110 million, ordinary profit by 31.3% to ¥107 million, and net income for the interim period by 45.6% to ¥59 million.
• Basic earnings per share for the interim period stood at ¥28.70, down from ¥53.99 in the prior year’s interim period.
• During the interim accounting period, there were no new store openings or closures of unprofitable stores.
• The Urayasu factory commenced operations in October 2025, with the transfer of semi-finished western confectionery processes from the Meguro factory completed.
• The full-year forecast for FY2026 remains unchanged, projecting net sales of ¥4,023 million (16.0% increase YoY) and net income of ¥43 million (61.4% decrease YoY).

While net sales increased, the significant decline in profits may suggest the impact of a challenging business environment, potentially due to rising raw material and logistics costs. The operationalization of the Urayasu factory and the in-house production of previously outsourced items could be a key factor to monitor for future profitability improvements. Additionally, ongoing initiatives such as supervised product releases at convenience stores, e-commerce site enhancements, and seasonal product launches will be important to watch regarding their contribution to achieving the full-year forecast.

• G-BASIS announced its consolidated financial results for the third quarter of the fiscal year ending June 2026 on May 14, 2026.
• For the cumulative nine months ended March 31, 2026 (July 1, 2025 – March 31, 2026), net sales were ¥6,304 million, a 5.4% increase year-on-year.
• Operating profit reached ¥210 million (up 19.9% year-on-year), and ordinary profit was ¥207 million (up 24.9% year-on-year).
• Net profit attributable to owners of parent increased by 21.2% year-on-year to ¥124 million.
• By service segment, IoT Engineering Services saw sales of ¥2,720 million (up 13.2% year-on-year) and Other services ¥1,092 million (up 15.2% year-on-year), while Mobile Engineering Services decreased to ¥2,490 million (down 5.5% year-on-year).
• The full-year consolidated earnings forecast for the fiscal year ending June 2026 remained unchanged from the announcement made on August 13, 2025.

G-BASIS’s Q3 FY2026 results show growth across sales and various profit metrics compared to the previous year. The expansion in IoT Engineering Services, driven by their proprietary field operation DX cloud “BLAS,” appears to be a key driver of this performance. The decision to maintain the full-year earnings forecast suggests that the company’s performance is aligned with its initial projections, which could be a point of stability for investors to consider.

• Terilogy Holdings reported net sales of JPY 10,646 million for the fiscal year ended March 2026, marking a 23.0% increase from the previous period.
• Operating profit reached JPY 549 million (up 101.0%), ordinary profit JPY 656 million (up 100.8%), and profit attributable to owners of parent JPY 346 million (up 97.2%).
• By segment, the Security division recorded sales of JPY 4,434 million (up 31.4%), Solution Service division JPY 4,424 million (up 22.2%), and Network division JPY 1,787 million (up 7.9%).
• Non-operating income included equity in earnings of affiliates of JPY 9 million, foreign exchange gains of JPY 44 million, and derivative valuation gains of JPY 43 million.
• For the fiscal year ending March 2027, the company forecasts net sales of JPY 12,200 million (up 14.6%), operating profit of JPY 662 million (up 20.6%), ordinary profit of JPY 715 million (up 8.8%), and profit attributable to owners of parent of JPY 429 million (up 23.6%).
• A full-year dividend of JPY 5.00 per share is projected, representing a consolidated payout ratio of 19.9%.

The significant growth in both revenue and profit for FY2026 suggests Terilogy HD has effectively capitalized on market trends, particularly in cybersecurity and inbound tourism-driven services. The strong performance of the Security and Solution Service divisions appears to be a key driver for the overall positive results. The company’s positive outlook for FY2027 indicates expectations for continued expansion, which could be an important factor for investors monitoring its long-term trajectory in these evolving market segments.

• QB Net Holdings (6571) announced its consolidated financial results for the third quarter of fiscal year 2026 (July 1, 2025 – March 31, 2026).
• Consolidated revenue was JPY 20,027 million, an increase of 6.7% compared to the same period last year. Operating profit was JPY 1,060 million, up 0.9% year-on-year.
• Profit attributable to owners of the parent for the quarter was JPY 584 million, a decrease of 4.0% from the prior year.
• The domestic segment recorded revenue of JPY 16,001 million (up 5.6% year-on-year) and segment profit of JPY 996 million (up 3.5% year-on-year).
• The overseas segment achieved revenue of JPY 4,036 million (up 11.5% year-on-year) but segment profit decreased to JPY 64 million (down 28.0% year-on-year).

While consolidated revenue and operating profit show an increase, the decrease in profit attributable to owners of the parent is a point that investors may want to monitor. The domestic business benefited from price revisions and expanded discount programs, leading to increased customer visits. The overseas business saw strong revenue growth, particularly from expansion in Taiwan, but its segment profit declined, which could be attributed to initial costs in newly entered regions.

• For the nine months ended March 31, 2026 (Q3 FY2026), Zero Inc. reported consolidated revenue of ¥111.93 billion, a 1.0% decrease year-on-year.
• Net profit attributable to owners of the parent for the same period was ¥5.09 billion, down 6.6% compared to the prior year.
• The Domestic Automobile Related Business segment achieved revenue of ¥52.47 billion, an increase of 1.3% year-on-year, but segment profit decreased by 3.8% to ¥6.93 billion.
• The Human Resources Business segment recorded revenue of ¥17.72 billion (up 2.9% YoY) and segment profit of ¥0.75 billion (up 9.2% YoY), demonstrating growth in both metrics.
• The consolidated full-year earnings forecast and dividend forecast for FY2026 remained unchanged from the most recently published figures.

While overall consolidated performance showed a decrease in both revenue and profit, the Domestic Automobile Related Business segment pivoted to revenue growth, driven by strengthened used car transportation and an expanding auto peripheral business. Increased labor costs and system expenses, possibly due to future investments, appear to have impacted profitability in this segment. Conversely, the Human Resources segment’s growth in both revenue and profit suggests effective pricing adjustments, operational efficiencies, and integrated driver recruitment.

• TV Asahi Holdings announced an absorption-type merger between its consolidated subsidiaries, Trust Network Co., Ltd. and TV Asahi Ask Co., Ltd.
• Trust Network Co., Ltd. will be the surviving company, and TV Asahi Ask Co., Ltd. will be the absorbed company.
• The effective date of this merger is scheduled for July 1, 2026.
• As this merger is between wholly-owned subsidiaries of TV Asahi Holdings, no shares, cash, or other assets will be delivered in connection with the merger.
• The stated purpose of the merger is to rationalize administrative divisions, further strengthen sales capabilities, and aim for the sustainable development of the announcer school and announcer dispatch businesses.

This merger suggests an intent to create business synergies by combining TV Asahi Ask’s strengths in announcer education with Trust Network’s content production, technical capabilities, and sales channels. While the impact on TV Asahi Holdings’ consolidated performance is stated to be minor due to it being a merger between wholly-owned subsidiaries, it could indicate a strategic move towards optimizing group resources and strengthening competitiveness over the medium to long term. Investors may monitor how this integration contributes to operational efficiency and business growth within the group.

• G-eole announced a change in the release date for its Consolidated Financial Results for the fiscal year ending March 2026.
• The original scheduled release date was May 14, 2026, which has been moved to May 15, 2026.
• The reason for the change is the time required for confirmation and discussion with auditors regarding the accounting treatment for crypto-asset related businesses.
• There is no change to the full-year earnings forecast for the fiscal year ending March 2026, which was announced on February 13, 2026.

A postponement in earnings release dates, especially due to auditor discussions on specific accounting treatments like crypto-assets, can sometimes suggest the complexity or novelty of the financial reporting aspects involved. While the change in date might draw investor attention, the affirmation that the earnings forecast remains unchanged could offer a degree of reassurance.

• Medley Inc. announced a “Correction to a Part of the ‘FY26 Q1 Financial Results Presentation Materials'” on May 14, 2026.
• The reason for the correction was an error in the breakdown of selling, general, and administrative (SG&A) expenses.
• The correction specifically applies to the “FY26 Q1 SG&A expenses breakdown ‘Other’ figure” on page 14 of the “FY26 Q1 Financial Results Presentation Materials” disclosed on May 13, 2026.
• The “Other” figure in SG&A expenses was corrected from 1,989 million yen to 1,805 million yen.
• There are no changes to the total amount of SG&A expenses or any other financial figures.

This correction involves an internal breakdown of SG&A expenses without altering the total SG&A amount, suggesting that the overall financial picture presented remains consistent. Investors may want to review the updated financial presentation to ensure their analyses incorporate the precise figures for the “Other” category within SG&A. The company’s prompt disclosure of this correction helps maintain data integrity, which is crucial for informed investment decisions.

• Baby Calendar Co., Ltd. announced that the disclosure of its Q1 FY2026 Financial Results (Non-consolidated) will exceed 45 days after the end of the quarter.
• The company stated that publication by the original deadline of May 15, 2026, is not feasible.
• The reason for the delay is the ongoing work to review the impact on past financial statements and disclosure documents, finalize accounting policies, and correct past Annual Securities Reports and Quarterly Financial Statements, following suspicions of irregularities regarding advertising revenue receipts by the former CFO and the establishment of a special investigation committee.
• The company is preparing to publish the FY2025 Financial Results, corrected past Quarterly Financial Statements, and related disclosure documents around June 30, 2026.
• The Q1 FY2026 Financial Results are also scheduled for publication on June 30, 2026, as they require the prior disclosure of the corrected past financial statements and the FY2025 financial results.

This delay in financial reporting for Baby Calendar indicates the continued complexity surrounding the company’s past accounting irregularities. The dependency of the Q1 FY2026 results on the completion of prior period corrections suggests that the resolution of these issues is still in progress. Investors may focus on the progress of these rectification efforts and the full re-evaluation of the company’s financial standing.

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

• G-Waqoo released its supplementary financial briefing materials for the second quarter of the fiscal year ending September 2026 on May 14, 2026.
• The company revised its full-year earnings forecast for FY2026 upwards: net sales increased from an initial forecast of 2,345 million yen to a revised 2,500 million yen (+6.6%), operating profit from 304 million yen to 400 million yen (+31.6%), ordinary profit from 294 million yen to 390 million yen (+32.2%), and net income from 184 million yen to 250 million yen (+35.9%).
• Key factors for the upward revision include a rapid increase in performance of the Medical Support business due to synergy with SBC Medical Group (sales 1.9 times year-on-year) and rapid expansion of overseas business (sales +125 million yen year-on-year).
• For Q2 FY2026, actual net sales were 1,133 million yen (up 35.8% year-on-year), operating profit was 138 million yen (up 190 million yen year-on-year), and net income for the interim period was 136 million yen (up 195 million yen year-on-year).
• The Medical Support business recorded Q2 sales of 430 million yen, an increase of 122.8% year-on-year, exceeding initial plans.

G-Waqoo’s strategic shift from D2C to Medical Support appears to be positively impacting its revenue structure. The strong performance of the Medical Support business, driven by synergies with SBC Medical Group, is a key highlight. The redefinition of the D2C business as a “cash-generating function” and sustained cost control efforts likely contribute to the overall improvement in profitability.

• Nulab Inc. reported full-year revenue of ¥4,393 million for the fiscal year ended March 2026, marking a +6.8% increase year-on-year and a new record high.
• Operating profit for FY2026/3 was ¥354 million (down 44.6% year-on-year), exceeding the company’s plan.
• Net profit for the period was ¥178 million (down 67.7% year-on-year) due to the recording of a provision for business structure improvement following the decision to liquidate overseas subsidiaries (Nulab USA, Nulab Netherlands B.V.).
• For the fiscal year ending March 2027, the company forecasts revenue of ¥4,734 million (up 7.7% year-on-year) and operating profit of ¥650 million (up 83.3% year-on-year).
• The AI-powered operational support feature “Backlog AI Assistant” was officially released in March 2026.

For FY2026/3, while operating profit decreased due to strategic investments and net profit was impacted by special losses related to overseas subsidiary liquidation, revenue achieved a new record high. The significant profit increase projected for FY2027/3, driven by unit price improvement measures and business structure reforms, may suggest a positive outlook for future profitability. Initiatives such as new product development, M&A, and the promotion of AI Assistant are noteworthy as strategies aimed at establishing new revenue streams for sustained growth.

• Kyodo PR announced changes to its shareholder benefit program on May 14, 2026, in conjunction with a stock split.
• The change is due to a stock split with a record date of July 1, 2026, which alters the shareholding criteria.
• The company states that there is no substantive change to the content of the shareholder benefit program itself.
• The previous system applies to shareholders listed in the shareholder register as of the end of June 2026, while the revised system applies from shareholders listed as of the end of December 2026 onwards.
• Benefits are awarded in points, with the amount varying based on the number of shares held and the period of continuous ownership (first year, second year, third year).

This announcement appears to be a technical adjustment necessitated by the previously disclosed stock split, and it suggests no impact on the substantial value of the shareholder benefit program. A stock split, by lowering the per-share investment unit, could potentially make the shareholder benefits accessible to a broader range of investors. For existing shareholders, as their shareholdings will automatically adjust to the new criteria, the conditions for receiving benefit points are understood to remain unchanged.

• Qol Holdings reported record-high consolidated results for the fiscal year ended March 2026, with net sales of ¥290,772 million (up 10.2% year-on-year) and net income attributable to owners of parent of ¥7,408 million (up 43.5% year-on-year).
• EBITDA reached ¥24,624 million (up 12.8%), operating income ¥14,811 million (up 10.0%), and ordinary income ¥14,879 million (up 7.6%).
• By segment, the pharmaceutical business significantly contributed with net sales of ¥99,010 million (up 25.8%) and segment income of ¥6,960 million (up 32.0%).
• The pharmacy business recorded increased revenue but decreased profit, with net sales of ¥177,461 million (up 3.4%) and segment income of ¥9,730 million (down 3.0%).
• The BPO business achieved both increased revenue and profit, with net sales of ¥14,300 million (up 5.1%) and segment income of ¥1,898 million (up 11.3%).

The FY2026/3 results highlight the pharmaceutical business’s significant role in driving Qol Holdings to record-high net sales and profits across all stages. The pharmacy segment’s revenue growth alongside a profit decline may suggest an impact from the acquisition of medical DX promotion system preparation加算 and an increase in generic drug usage, contributing to higher technical service fees. These results indicate progress towards the company’s medium-term management plan goals for improving profitability and capital efficiency.