Japan Stock IR Daily – May 19, 2026 (64 reports)

• G-J-Pharma held its FY2026 earnings briefing on May 19, 2026.
• The global Phase 3 (Beacon-BTC) trial for lead candidate “Nambralat (JPH203)” in second-line biliary tract cancer commenced in December 2025. As of May 2026, eight clinical sites have been established in the US, and the first patient has been dosed.
• For FY2027, planned milestones include continued progress in the global Phase 3 trial, completion of the safety review by the Data Monitoring Committee, publication of the clinical trial protocol in Trials, publication of the overall survival (OS) subgroup analysis from the domestic Phase 2 trial in the Journal of Gastrointestinal Cancer, and a progress presentation at ASCO GI in January 2027.
• An investigator-initiated trial evaluating “Nambralat” in combination with immune checkpoint inhibitors (ICI) for first-line biliary tract cancer initiated in May 2026, involving the addition of Nambralat to anti-PD-L1 antibody monotherapy maintenance.
• Currently, two compounds, “Nambralat (JPH203)” and “JPH034,” are in global clinical stages under US FDA review within the company’s development pipeline.

G-J-Pharma’s FY2026 earnings briefing highlighted the significant initiation of the global Phase 3 trial for its lead compound, Nambralat, in the US. The establishment of multiple clinical sites and the dosing of the first patient indicate tangible progress in its development. The expansion into ICI combination therapy also suggests a strategic move to strengthen the pipeline, which could be a point of interest for investors.

• G-DMP announced on May 19, 2026, the release of the transcript from its FY2026/3 earnings briefing.
• In FY2026/3, mass production preparation for the next-generation edge AI semiconductor “Di” was completed, and customer evaluation phases are progressing.
• Revenue in the Graphics/Offload segment increased by 30% year-on-year.
• In the amusement segment, shipments of the main LSI product temporarily softened due to a low conformity rate for pachislot certification, leading to a 30% year-on-year decrease in product business revenue.
• Consolidated net sales were ¥2,233 million, operating loss was ¥332 million, ordinary loss was ¥393 million, and net loss attributable to owners of the parent was ¥377 million.
• Due to the termination of operations and transfer of shares of consolidated subsidiary DMP Vietnam, the FY2026/3 financial results are on a non-consolidated basis.

G-DMP’s FY2026/3 results indicate that strategic investments, such as ¥300 million in development costs for the next-generation edge AI semiconductor “Di,” contributed to the recorded losses. While the amusement market experienced a temporary setback, the robust growth in the Graphics/Offload segment may suggest progress in the company’s business portfolio diversification efforts. Investors might closely monitor the future outcomes of these strategic investments for potential growth drivers.

• Alinco Co., Ltd. has released its financial results briefing material for the fiscal year ended March 2026.
• For FY2026/3, net sales reached 62,632 million JPY (up 1.7% year-on-year), marking a record high for the second consecutive year. Ordinary profit was 2,777 million JPY (up 3.7% year-on-year).
• The company decided on May 1, 2026, to acquire its own shares, with a total shareholder return ratio expected to be 86.5%. The acquisition period is from May 7, 2026, to April 27, 2027, with a maximum of 1,100,000 shares and a maximum total acquisition value of 1,000,000,000 JPY.
• The numerical targets for “Mid-Term Management Plan 2027” were revised: FY2027/3 sales target from 68,000 million JPY to 65,200 million JPY, and ordinary profit target from 5,000 million JPY to 3,200 million JPY.
• An organizational change was implemented on March 21, 2026, establishing a Sales Headquarters, Logistics Headquarters, Safety Management Department, DX Promotion Committee, and DX Promotion Office.

Alinco achieved record-high sales for two consecutive years, yet simultaneously announced a downward revision of its mid-term management plan targets while strengthening shareholder returns through share buybacks. This suggests that external factors such as geopolitical risks, yen depreciation, rising material costs, and supply chain disruptions may be impacting future performance outlooks. The organizational changes, including strengthening business collaboration and promoting DX, could indicate a strategic focus on building a foundation for long-term corporate value enhancement.

• Ryoyo Ryosan Holdings announced its FY2025 results, achieving net sales of ¥359.9 billion (+0.0% YoY) and operating profit of ¥10.13 billion (+18.6% YoY), marking an increase in both revenue and profit compared to the previous fiscal year.
• In FY2025, the Device business saw an increased proportion of higher-profit products, while the Solution business improved profitability through the expansion of high-value-added projects, primarily in the AI sector.
• The company disclosed that its major supplier, Renesas Electronics Corporation, proposed the termination of its dealership agreement. Sales of Renesas products accounted for ¥78.1 billion in FY2025, representing 21.7% of total sales.
• The FY2026 earnings forecast is “undecided” due to ongoing discussions with Renesas and the difficulty in predicting future business performance.
• The FY2028 performance targets (net sales: ¥500 billion, operating profit: ¥30 billion) are scheduled to be re-evaluated and re-announced as new policies, reflecting insights from post-integration review and future trends, with the announcement expected around the interim results.
• Effective April 1, 2026, the company merged its operating subsidiaries, Ryosan and Ryoyo Electro, forming a new operating company.
• The annual dividend for FY2025 is planned at ¥140 (¥70 interim, ¥70 year-end), with the same amount of ¥140 projected for FY2026. Additionally, the company plans to cancel 4,000,000 shares of treasury stock on May 25, 2026.

While Ryoyo Ryosan Holdings reported revenue and profit growth in FY2025, driven by reform initiatives, the proposed termination of the dealership agreement by a major supplier could impact future business operations. Investors may wish to closely monitor the ongoing negotiations with Renesas Electronics, as it is a key factor behind the “undecided” FY2026 earnings forecast. Furthermore, the progress of growth strategies, such as synergy creation through subsidiary mergers and continued investment in AI, will likely be important for assessing future corporate value.

• Feed One reported record-high ordinary profit of JPY 8.6 billion and net profit of JPY 6.3 billion for the fiscal year ended March 2026.
• Net sales decreased by 1.8% year-on-year to JPY 290.6 billion, while ordinary profit increased by 26.9% and net profit increased by 18.4% compared to the previous fiscal year.
• Despite a decrease in sales volume, both the livestock feed business and aquaculture feed business achieved record-high segment profits due to a sales strategy prioritizing profitability and an expanded gross profit margin.
• Company-wide EBITDA reached JPY 12.7 billion (up 20.6% YoY), ROE was 11.0% (up 0.7 percentage points YoY), and ROIC was 7.7% (up 1.6 percentage points YoY), exceeding the targets set in the mid-term management plan.
• The consolidated cash flow statement showed record-high operating cash flow, with the equity ratio improving to 46.4% (up 2.4 percentage points from previous fiscal year-end) and the D/E ratio to 0.40 (down 0.10 from previous fiscal year-end), indicating improved financial health.

Feed One’s FY2026 results are notable for achieving record profits despite a decline in net sales, suggesting that the strategy of prioritizing profitability over sales volume has been effective in improving the earnings structure of its feed business. The record-high operating cash flow and improved financial metrics could indicate a strengthened foundation for future business development. These financial improvements may also be seen as an effort to address market expectations regarding long-term growth and value creation, as highlighted in the company’s assessment of its stock market valuation.

• Takeda announced an unfavorable jury verdict in a U.S. antitrust lawsuit regarding AMITIZA® (lubiprostone).
• The jury awarded actual damages (single damages) totaling $884,943,990 USD to the plaintiffs.
• Under U.S. antitrust law, damages awarded to the wholesale class ($474,897,965 USD) and individual retail pharmacies (totaling $346,837,646 USD) will automatically be trebled upon the court’s judgment.
• The damages awarded to the direct purchaser class will be subject to additional court proceedings before the judgment is rendered.
• Takeda intends to vigorously dispute the matter through all available legal avenues, including post-verdict motions and appeals.
• The company is currently evaluating the amount of provision to be recognized in its consolidated financial statements for the fiscal year ending March 31, 2026 (FY2025) in relation to this matter and plans to amend its FY2025 consolidated financial statements once the amount is determined.

This jury verdict indicates a potential for significant financial impact on Takeda due to the substantial damages awarded, especially with the prospect of treble damages for specific claims. Investors may want to monitor the company’s legal strategy as it plans to appeal. The ongoing assessment of provisions for the FY2025 financials suggests that the final financial implications are still being determined and will be a key area for observation.

• Global X Nikkei Shareholder Return 40-Japan Stock ETF (Code: 465A) announced its financial results for the April 2026 fiscal period (November 21, 2025 to April 4, 2026).
• Net assets for the period totaled 10,049 million yen.
• The net asset value per 100 units was 125,599 yen.
• The dividend per 100 units was 1,200 yen, with the dividend payment starting on May 13, 2026.
• Total assets for the period were 10,155 million yen, and liabilities were 106 million yen.
• The number of outstanding units at the end of the specified period was 8,000 thousand units.

The financial results for Global X Nikkei Shareholder Return ETF (465A) for the April 2026 period indicate a robust operational status with net assets exceeding 10 billion yen. The disclosed net asset value per 100 units and dividend per 100 units provide key metrics for investors to assess the fund’s performance. These figures can offer insights into the fund’s stability and its ability to generate returns for its unitholders.

• Wilson Learning Worldwide Inc. published supplementary explanatory materials (video and slides) for its fiscal year ended March 2026 earnings on May 19, 2026.
• For the fiscal year ended March 2026, net sales were ¥1,921,825 thousand (up 13.8% year-over-year), and gross profit was ¥1,400,429 thousand (up 11.6% year-over-year).
• Selling, general and administrative expenses were reduced by ¥177,214 thousand to ¥1,471,163 thousand, resulting in an operating loss of △¥70,733 thousand (an improvement of ¥323,185 thousand year-over-year).
• The company states that operating income would have improved by approximately ¥30 million if the impact of backlogs in North America were excluded.
• For the fiscal year ending March 2027, the company anticipates achieving an operating profit, with strategies focused on new service development, disciplined cost management, and expanding overseas revenue contributions.
• The Japanese business aims for breakeven through service expansion, sales structure review, and re-launching advertising and marketing activities, while the overseas business plans to stabilize profits, consider closing non-core locations, expand sales personnel, and strengthen processes.

Wilson Learning Worldwide demonstrated significant improvement in its financial performance for FY2026, driven by increased sales and reduced SG&A expenses, indicating progress towards profitability. The shift of its overseas business into a profit-generating phase could suggest a more stable revenue outlook for the company. Investors may find the structural reforms in the Japanese business and the focus on new service development to be potential growth catalysts moving forward.

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

• Tenmaya Store Co., Ltd.’s parent company, Maruta Sangyo Co., Ltd., announced its financial results for the fiscal year ended February 2026 on May 19, 2026.
• As of February 28, 2026, Maruta Sangyo Co., Ltd.’s balance sheet shows total assets of JPY 11,237,083 thousand, total liabilities of JPY 3,657,300 thousand, and total net assets of JPY 7,579,782 thousand.
• For the period from March 1, 2025, to February 28, 2026, Maruta Sangyo Co., Ltd. reported a net profit of JPY 645,972 thousand in its income statement.
• Maruta Sangyo Co., Ltd. holds a 23.95% voting rights ownership in Tenmaya Store Co., Ltd. as of February 28, 2026.
• All of Maruta Sangyo Co., Ltd.’s common shares are owned by “Other corporations,” while its Class A shares are owned 98.7% by “Other corporations” and 1.3% by “Individuals and others.”

This announcement provides specific financial details of Maruta Sangyo Co., Ltd., the parent company of Tenmaya Store Co., Ltd. The parent company’s solid net assets and net profit may suggest a stable financial foundation for the group as a whole. Additionally, the disclosed voting rights percentage in Tenmaya Store offers insight into Maruta Sangyo’s influence on the subsidiary’s management.

• G-Lancers achieved record-high sales of ¥5.4 billion (119% YoY) and record-high operating profit of ¥200 million (184% YoY) for the fiscal year ended March 2026.
• Sales growth accelerated, reaching 125% YoY in Q3 and 128% YoY in Q4.
• Operating profit margin reached 4% for the full year and 6% in Q4.
• Net profit for the period decreased by 48% compared to the plan due to a one-time impairment loss on goodwill related to the integration of subsidiary MENTA into the head office.
• Profit from core businesses significantly increased, contributing to profit growth despite expenses for launching a strategic consulting firm and shareholder returns.

The company’s return to a growth trajectory, achieving record sales and operating profit after structural reforms three years prior, appears noteworthy. The significant increase in operating profit, outpacing revenue growth, may suggest successful improvements in profitability. While net profit saw a temporary decline due to a one-time charge, the company clarifies this was a result of strategic integration and does not impact core business cash flow generation capabilities.

• Japan Electronic Materials reported full-year results for FY2026 (ended March 31, 2026) with net sales of ¥29,366 million (up 23.2% YoY), operating profit of ¥7,249 million (up 58.1% YoY), ordinary profit of ¥7,177 million (up 54.7% YoY), and profit attributable to owners of parent of ¥5,451 million (up 57.8% YoY).
• Consolidated net sales and ordinary profit for FY2025 (FY2026 in the IR document is based on a fiscal year starting April 1, 2025, which corresponds to FY2026 in their internal nomenclature. For clarity, referring to the IR document’s “2025年度” which is the reported fiscal year from April 2025 to March 2026) reached record highs since the company’s establishment.
• The strong performance was attributed to robust demand for memory-related probe cards, despite sluggish demand for non-memory probe cards. This was supported by increased production capacity and productivity from capital investments, focusing on expanding high-value-added products for advanced semiconductors both domestically and internationally.
• Actual capital expenditures for FY2025 (ending March 2026) were ¥3,866 million, and R&D expenses were ¥1,681 million. Projected capital expenditures for FY2026 (ending March 2027) are ¥7,000 million, and R&D expenses are ¥2,200 million.
• The company plans to construct a new factory in Amagasaki City, Hyogo Prefecture, aimed at strengthening the production system for M-type probe cards, with completion targeted for August 2028.

• Mitsui Kinzoku Co., Ltd. announced a partial correction to its “FY2026 March Earnings Presentation” on May 19, 2026.
• The reason for the correction is stated as an error found in the content of the presentation materials disclosed on May 13, 2026.
• The corrections specifically relate to the “2025 Investment CF” and “2025 FCF” figures on page 18 of the earnings presentation.
• “2025 Investment CF” was revised from -31.0 billion JPY before correction to -24.5 billion JPY after correction.
• “2025 FCF (Free Cash Flow)” was revised from 56.6 billion JPY before correction to 63.1 billion JPY after correction.

This correction impacts key financial metrics, namely investment cash flow and free cash flow for fiscal year 2025, which are important indicators for assessing a company’s financial health and liquidity. The upward revision in free cash flow could suggest an improved ability for the company to generate available cash, potentially indicating a stronger financial position than initially reported. Investors may find this update relevant for their assessment of the company’s cash-generating capabilities.

• NEXT FUNDS JPX-Nikkei 400 Double Inverse Index Exchange Traded Fund (1472) announced its earnings report for the fiscal year ended April 2026 on May 19, 2026.
• Net assets for the fiscal year ended April 2026 (April 8, 2025 – April 7, 2026) amounted to JPY 141 million.
• The number of issued units at the end of the current fiscal period (as of April 7, 2026) was 1,420 thousand units. This resulted from 1,160 thousand units created and 180 thousand units redeemed, compared to 440 thousand units at the end of the previous fiscal period.
• The net asset value per 100 units was JPY 9,991.
• The dividend payment per 100 units for the fiscal year ended April 2026 was JPY 0.

This fund is an ETF aiming to track the JPX-Nikkei 400 Double Inverse Index, and the trends in net asset value and outstanding units may reflect market movements and investor demand. The significant increase in outstanding units could indicate specific investor activity in certain market conditions. The reported net asset value and dividend payment are key figures for investors to consider.

• NEXT FUNDS Nikkei 225 High Dividend Yield Stock 50 Index ETF (1489) announced its earnings report for the fiscal period ended April 2026 (October 8, 2025 – April 7, 2026).
• Net assets at the end of the period totaled JPY 565,154 million, an increase of approximately JPY 160,481 million compared to the end of October 2025.
• Primary invested assets, consisting of stocks, amounted to JPY 552,059 million, representing a composition ratio of 97.7%.
• The number of issued units reached 178,860 thousand units, an increase of 20,770 thousand units from the end of October 2025.
• The Net Asset Value (NAV) per unit was reported as JPY 3,160, and the dividend per unit was JPY 38.
• The scheduled submission date for the securities report is June 24, 2026, and the dividend payment commencement date is May 15, 2026.

This earnings report provides a snapshot of the ETF’s asset composition and growth over the period. The increase in net assets and the number of issued units could suggest sustained investor interest and capital inflow into the fund during the reported timeframe. Furthermore, the rise in NAV per unit may indicate a positive performance of the underlying equity holdings. Investors may find these figures useful in assessing the fund’s growth trajectory and operational stability.

• The earnings report for NEXT FUNDS Nomura Japan Equity High Dividend 70 Exchange Traded Fund (Code: 1577) for the fiscal period ended April 2026 (October 8, 2025 – April 7, 2026) was released on May 19, 2026.
• Total net assets for the fiscal period ended April 2026 increased to JPY 215,616 million, up from JPY 178,939 million for the period ended October 2025.
• The value of primary invested assets (stocks) rose from JPY 178,678 million in October 2025 to JPY 215,204 million in April 2026.
• The number of issued units at the end of the current period was 3,994 thousand units, a decrease from 4,056 thousand units at the end of the previous period.
• The net asset value per unit was JPY 53,980, an increase from JPY 44,112 in October 2025.
• The dividend per unit was JPY 720, an increase of JPY 94 from JPY 626 in October 2025.
• The dividend payment commencement date is May 15, 2026.

This earnings report indicates an increase in the fund’s total net assets and net asset value per unit, suggesting growth in its managed assets. The increase in dividend per unit compared to the previous period may reflect the effectiveness of the fund’s high dividend strategy. Investors may focus on the fund’s stability and dividend trends when evaluating its performance.

• NEXT FUNDS JPX-Nikkei Index 400 Exchange Traded Fund (Code: 1591) announced its earnings report for the fiscal year ended April 2026 (October 8, 2025 – April 7, 2026).
• Total net assets at the end of the period were JPY 2,128,376 million, an increase from JPY 1,903,267 million at the end of the previous period (October 2025).
• Primary invested assets, stocks, amounted to JPY 2,083,686 million, representing 97.9% of the total assets.
• The net asset value per unit was JPY 33,106, up from JPY 29,167 at the end of the previous period.
• The dividend per unit was JPY 331, an increase from JPY 308 in the previous period (October 2025).
• The scheduled date for commencing dividend payment is May 15, 2026.

This earnings report indicates an increase in both total net assets and net asset value per unit compared to the previous period, reflecting the fund’s operational status. The rise in dividend per unit may suggest improved distribution performance for investors. These figures provide an objective overview of the NEXT FUNDS JPX-Nikkei Index 400 Exchange Traded Fund’s performance during the reported period.

• NEXT FUNDS JPX Prime 150 Index Exchange Traded Fund (Code: 159A) announced its earnings report for the fiscal year ended April 2026 on May 19, 2026.
• Total net assets for the period (October 8, 2025 – April 7, 2026) amounted to JPY 3,297 million.
• The primary invested assets, stocks, totaled JPY 3,245 million, representing 98.4% of total assets.
• The number of issued units at the end of the fiscal period was 5,047 thousand units.
• The net asset value per 100 units was JPY 65,320, and the dividend per 100 units was JPY 540.
• The dividend payment commencement date is May 15, 2026.

This earnings report provides a detailed overview of the NEXT FUNDS JPX Prime 150 Index ETF’s operational status. The disclosed figures for net assets, net asset value per unit, and dividends offer fundamental data for investors to assess the fund’s performance trends. Given that stocks are the primary invested assets, the broader market movements relevant to the underlying index may be considered influential on the fund’s outcomes.

• NEXT FUNDS Nikkei Semiconductor Stock Index Exchange Traded Fund (Code: 200A) announced its earnings report for the fiscal year ended April 2026 (October 8, 2025 – April 7, 2026).
• Net assets at the end of the current fiscal period (as of April 7, 2026) increased to JPY 29,020 million from JPY 13,593 million at the end of the previous fiscal period (as of October 7, 2025).
• The Net Asset Value per 100 units rose to JPY 305,818 from JPY 219,008 at the end of the previous fiscal period.
• The dividend payment per 100 units increased to JPY 1,400, up from JPY 1,100 in the previous period.
• The number of issued units at the end of the current fiscal period was 9,489 thousand units, an increase from 6,206 thousand units at the end of the previous fiscal period.

The earnings report for the Nikkei Semiconductor Stock ETF indicates a significant increase in net assets and Net Asset Value per 100 units, which may suggest a strong performance of the underlying Nikkei Semiconductor Stock Index during the period. The increase in dividend payments also reflects a positive operational status for the fund. This could indicate a sustained high level of investor interest in the semiconductor-related market.

• NEXT FUNDS Nomura Shareholder Yield 70 Exchange Traded Fund (Code: 2529) has announced its earnings report for the fiscal period ended April 2026 (October 8, 2025 – April 7, 2026).
• Net assets for the current period totaled JPY 55.91 billion, an increase from JPY 48.419 billion in the previous period (FY ended October 2025).
• The Net Asset Value per 100 units reached JPY 219,920, up from JPY 186,972 in the previous period.
• The dividend payment per 100 units was announced as JPY 2,400, an increase from JPY 2,000 in the previous period.
• The scheduled date for the submission of the securities report is June 24, 2026, and the dividend payment commencement date is May 15, 2026.

This fund tracks the Nomura Shareholder Yield 70 (Including dividends) index, with stocks as its primary invested asset. The reported increase in net assets and NAV per 100 units compared to the previous period may suggest a strong operational performance during the fiscal period. The announced increase in the dividend payment per 100 units could also be a point of interest for investors.

• MatsukiyoCocokara & Co. announced on May 19, 2026, a partial correction to its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (Japanese GAAP).”
• The correction was made due to errors identified in the contents of the financial results released on May 13, 2026.
• The specific corrections are located on page 7 of the attached material, under “2. Management Policy (2) Target Management Indicators,” for the actual results (Fiscal Year Ended March 31, 2026).
• The “Dividend Payout Ratio (Consolidated)” was corrected from 34.3% to 35.7%.
• The “DOE (Dividend on Equity Ratio (Consolidated))” was corrected from 3.6% to 3.8%.

This correction primarily adjusts the reported dividend-related metrics for the fiscal year ended March 2026, aiming to ensure the accuracy of published financial information. For investors, reviewing these updated figures is crucial for a precise understanding of the company’s dividend policy and performance.

• Fund Name: NEXT FUNDS TIP FactSet Taiwan Innovative Technology 50 Index Exchange Traded Fund, Code: 412A.
• The earnings report for the fiscal year ended April 2026 covers the period from September 16, 2025, to April 7, 2026.
• As of the end of the current fiscal period (April 7, 2026), net assets totaled JPY 1,785 million. Primary invested assets amounted to JPY 1,784 million, representing 100.0% of the total.
• The number of issued units at the end of the current fiscal period was 632 thousand units. The net asset value per 100 units was JPY 282,486.
• The dividend per 100 units for the fiscal year ended April 2026 was announced as JPY 7,800. The dividend payment commencement date is May 15, 2026.

This earnings report provides objective information on the operational status of the NEXT FUNDS TIP FactSet Taiwan Innovative Technology 50 Index ETF (412A). Key metrics such as net asset value, net assets, and dividend payouts are indicators of the fund’s scale and performance. The creation and redemption figures may suggest investor sentiment and capital flow within the fund.

• Carlit Co., Ltd. released its earnings presentation materials for the fiscal year ended March 2026 on May 19, 2026.
• Consolidated financial results for FY2026/3 show Net Sales of ¥36,247 million (down 1.8% year-on-year), Operating Profit of ¥3,459 million (up 13.5%), Ordinary Profit of ¥3,755 million (up 13.1%), and Net Profit of ¥2,976 million (up 15.8%).
• During the same period, Special Income included ¥795 million from the sale of investment securities, and Special Losses included ¥348 million from the removal and impairment of fixed assets.
• By segment, the Chemicals segment reported Net Sales of ¥21,977 million (down 2.0% year-on-year) and Operating Profit of ¥1,858 million (up 25.7%). The Engineering Services segment recorded Net Sales of ¥5,251 million (up 19.0%) and Operating Profit of ¥795 million (down 3.3%).
• The consolidated earnings forecast for FY2027/3 anticipates Net Sales of ¥37,200 million (up 2.6% year-on-year), Operating Profit of ¥3,200 million (down 7.4%), Ordinary Profit of ¥3,300 million (down 12.1%), and Net Profit of ¥3,000 million (up 0.8%). The year-end dividend per share is projected to remain at ¥42.

While Net Sales decreased in FY2026/3, a significant increase in profit was achieved, potentially attributed to the recognition of special income and improved operating profit margins. The substantial growth in operating profit within the Chemicals segment appears to have been a key contributor to overall performance. For FY2027/3, the company anticipates increased sales but decreased profit, with uncertainties in raw material procurement and rising costs due to the Middle East situation noted as potential concerns. Segment-wise, the Chemicals segment is expected to see increased sales, while a decrease in the Bottling segment’s sales could impact overall revenue.

• Softtex Co., Ltd. announced an amendment to its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (Japanese GAAP)” on May 19, 2026.
• The reason for the amendment is that the number of potential shares (stock options) was not adjusted to reflect the stock split (100 shares for every 1 common share) implemented on November 17, 2025.
• The correction is made in “Note (5) Financial Statements” under “(Per Share Information)” on page 10 of the original report.
• Prior to the amendment, the description for the stock options resolved at the Ordinary General Meeting of Shareholders on June 22, 2018, stated “370 shares of common stock” under “Overview of potential shares not included in the calculation of diluted earnings per share because they had no dilutive effect.”
• After the amendment, this description has been corrected to “37,000 shares of common stock.”
• There are no changes to any numerical data as a result of this correction.

This amendment addresses a clerical error in the reporting of potential shares following a stock split, which aims to ensure the accuracy of the company’s financial disclosures. Since the announcement explicitly states that there are no changes to numerical data, it indicates that the core financial figures remain unaffected. Investors may view this as an administrative correction that enhances the precision of the financial statements.

• CHINO Corporation reported consolidated results for the fiscal year ended March 2026, with orders received totaling ¥30,239 million (up 1.7% YoY) and net sales of ¥31,648 million (up 7.9% YoY).
• Operating profit reached ¥3,225 million (up 12.0% YoY), ordinary profit ¥3,326 million (up 9.6% YoY), and net profit attributable to owners of parent ¥2,042 million (up 2.5% YoY).
• Net sales and all profit figures (operating, ordinary, and net profit) achieved new record highs. This marks the 6th consecutive year of revenue growth and 4th consecutive year of record profits.
• By segment, “Measurement and Control Instruments” saw decreased revenue and profit, while “Instrumentation Systems” and “Sensors” reported increased revenue and profit. The “Sensors” segment significantly contributed with sales of ¥9,188 million (up 6.9% YoY) and segment profit of ¥2,098 million (up 23.0% YoY).
• The consolidated balance sheet shows a shareholder equity ratio of 56.9% as of March 31, 2026 (down 1.3 percentage points from the previous fiscal year-end).

• YONEX reported consolidated net sales of ¥163.6 billion (+18.3% year-on-year), operating profit of ¥16.5 billion (+16.7% year-on-year), and net profit attributable to parent company shareholders of ¥12.0 billion (+14.2% year-on-year) for the fiscal year ended March 2026.
• Consolidated net sales and operating profit reached record highs, driven by a robust sports market, information dissemination leveraging contracted athletes’ successes, “Head-to-Toe” proposals, and strengthened sales channels.
• By segment, the Asia region within the sporting goods business was the largest contributor, with net sales of ¥85.56 billion (+25.8% year-on-year) and operating profit of ¥11.86 billion (+22.2% year-on-year).
• Operating profit in the North America region decreased to ¥256 million (△54.2% year-on-year), despite an increase in gross profit due to higher sales, as selling, general and administrative expenses rose due to personnel costs, marketing expenses, and costs associated with DTC initiatives.
• As of March 31, 2026, the consolidated balance sheet shows an increase in tangible fixed assets to ¥37.42 billion and interest-bearing debt to ¥17.40 billion, attributed to real estate acquisitions for business base development and capital investments related to a new tennis racket factory.

• Living Platform Co., Ltd. resolved to implement a shareholder benefit program at its Board of Directors meeting on May 19, 2026.
• Eligible shareholders are those recorded in the shareholder registry as of September 30, 2026, who hold 200 shares (2 units) or more of the company’s stock.
• The shareholder benefit will be a uniform JPY 12,000 equivalent in gift certificates or similar items (e.g., digital gift cards or QUO cards are under consideration) for all eligible shareholders.
• The purpose of the program is to express gratitude for past support, enhance investment appeal, and increase the number of long-term shareholders, following the positive reception of last year’s commemorative shareholder benefit.
• The distribution method will be via mail to the addresses registered in the shareholder registry as of the record date (September 30, 2026), with the specific timing to be announced later.

This announcement indicates G-LPF’s ongoing commitment to shareholder returns, following last year’s positive reception of a similar program. The benefit, targeting shareholders with 200 or more shares, suggests an aim to encourage longer-term investment in the company’s stock. Investors may wish to monitor future announcements regarding the finalized gift details and distribution timeline.

• HOUSE OF ROSE Co.,Ltd. announced its financial results for the fiscal year ended March 2026 on May 19, 2026.
• Net sales for FY2026/3 were ¥11,541 million, representing a 0.5% decrease compared to the previous fiscal year.
• Operating profit for the same period was ¥69 million, marking a 43.7% decrease year-on-year.
• Net profit for FY2026/3 was ¥1 million, a 97.9% decrease from the prior fiscal year.
• Factors contributing to the decrease in operating profit include increased personnel expenses due to wage hikes and initial costs associated with the Mama Butter business acquired in April 2025.
• Net profit was also impacted by the recognition of a ¥133 million gain on the sale of investment securities as extraordinary income and a ¥51 million impairment loss on fixed assets as extraordinary loss.

HOUSE OF ROSE’s FY2026/3 results show a slight dip in net sales but a significant decline in both operating and net profit. This could indicate that increased personnel costs and initial expenses from the acquired Mama Butter business have pressured profitability. The impact of extraordinary gains and losses on the final net profit is also worth monitoring.

• Kyodo Printing Co., Ltd. announced on May 19, 2026, a “Correction to a Portion of the ‘FY2026 Financial Results Presentation Material’.”
• The reason for the correction was an error in the description on page 20, titled “Initiatives for Enhancing Corporate Value,” within the “FY2026 Financial Results Presentation Material” originally published on May 15, 2026.
• Specifically, the correction pertained to the “Increase in average daily trading value on the Tokyo Stock Exchange.”
• The previous statement indicated “December 2024 → December 2025 approximately 2.8 times.”
• The corrected statement now reads “FY2025 → FY2026 approximately 3.4 times,” with an added note specifying that “the average daily trading value from April 1 to March 31 is compared.”

This correction by Kyodo Printing revises a specific data point within its financial results presentation material, particularly concerning “Initiatives for Enhancing Corporate Value.” The updated average daily trading value on the Tokyo Stock Exchange, along with the clarified comparison period, may offer a revised perspective on the company’s historical stock liquidity. It is important to note, however, that this is a factual correction to previously presented information and does not directly alter the company’s financial forecasts or operational outlook.

• SRSHD reported consolidated results for the fiscal year ended March 2026, achieving record-highs in net sales of ¥76,421 million (+13.3% YoY), operating profit of ¥3,051 million (+13.9% YoY), and ordinary profit of ¥2,994 million (+17.9% YoY).
• Net profit attributable to owners of the parent reached ¥1,694 million, an increase of +83.1% compared to the previous fiscal year. All targets in the full-year plan were exceeded.
• Key drivers for the sales increase include higher existing store sales due to menu strategies, including price revisions, and the consolidated contribution from M&A activities (Amino and Sushi Benkei) executed in the prior and current periods.
• On the balance sheet, the equity ratio improved by 1.9 percentage points, rising from 35.9% in the previous fiscal year to 37.8%.
• Cash flow from operating activities increased to ¥4,871 million, and cash flow from investing activities improved due to reduced expenditures for new subsidiary acquisitions and the sale of investment securities.

SRSHD’s FY2026 financial results demonstrate a robust performance with record-high sales and profits, surpassing company targets. This suggests a successful combination of business expansion through M&A and organic growth in existing operations. The improvement in the equity ratio and reduction in net interest-bearing debt could indicate a strengthening of the company’s financial health, which may be a positive sign for investors.

• Nippon Kanzai Holdings Co., Ltd. reported consolidated financial results for the fiscal year ended March 31, 2026, with net sales of ¥150,258 million (up 7.4% year-on-year), operating income of ¥8,686 million (up 0.1% year-on-year), ordinary income of ¥10,507 million (up 15.5% year-on-year), and profit attributable to owners of parent of ¥7,119 million (up 22.1% year-on-year).
• The increase in net sales was primarily attributed to the smooth renewal of existing contracts and the acceptance of projects related to the Osaka-Kansai Expo.
• While gross profit increased due to price revisions and operational efficiency improvements, operating income saw only a slight increase due to a rise in selling, general, and administrative expenses, mainly personnel costs.
• Ordinary income benefited from a decrease in investment losses under the equity method and an increase in subsidy income from overseas subsidiaries.
• By segment, the “Building Management and Operations Business” recorded the most significant growth with net sales of ¥94,668 million (up 10.6% year-on-year) and segment profit of ¥8,929 million (up 12.9% year-on-year). The “Real Estate Fund Management Business” saw a decrease with net sales of ¥3,131 million (down 37.4% year-on-year) and segment profit of ¥512 million (down 63.6% year-on-year).

Nippon Kanzai Holdings’ FY2026 results demonstrate solid top-line growth, reflecting the stability of its recurring revenue business model and a significant increase in net profit. This performance appears to be driven by both new project acquisitions, such as those for the Osaka-Kansai Expo, and efficiency improvements in existing operations. Investors may want to monitor how the company manages rising personnel costs against price revisions and operational efficiencies to maintain or enhance future profitability.

• Taiheiyo Cement Corporation announced a partial correction to its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (Japanese GAAP),” originally disclosed on May 12, 2026.
• The reason for the correction is the discovery of errors in certain parts of the disclosed information after its initial release.
• The corrections pertain to “Segment Information, etc.,” specifically “4. Information on Net Sales, Profit or Loss, Assets, Liabilities, and Other Items by Reportable Segment.”
• Numerical data for segment assets for both the previous consolidated fiscal year (April 1, 2024 to March 31, 2025) and the current consolidated fiscal year (April 1, 2025 to March 31, 2026) have been corrected.
• For the previous consolidated fiscal year, total segment assets changed from “¥1,220,051 million” to “¥1,216,885 million”, and adjustment amount changed from “△¥18,093 million” to “△¥11,426 million”. The amount recorded in the consolidated financial statements remains unchanged at “¥1,423,695 million”.
• For the current consolidated fiscal year, total segment assets changed from “¥1,315,200 million” to “¥1,314,606 million”, and adjustment amount changed from “¥7,414 million” to “¥7,994 million”. The amount recorded in the consolidated financial statements remains unchanged at “¥1,479,061 million”.

This correction addresses errors in segment asset figures within the previously released fiscal year 2026 earnings report, indicating that investors should rely on the most recent, accurate financial data for their assessments. Given the changes in segment asset adjustments, it will be important for stakeholders to refer to the corrected figures when analyzing the company’s overall asset structure and the financial health of its individual segments. The fact that the consolidated financial statement amounts remain unchanged could suggest that the overall financial picture is not drastically altered, but segment-specific details require careful review.

• CMK Corporation announced a change in its dividend policy and a revision (increase) to its dividend forecast on May 19, 2026.
• The company stated the reason for the policy change as strengthening shareholder returns in line with its new medium-term management plan, adopting “DOE (Dividend on Equity ratio) of 3%” as a new management indicator.
• The revised dividend policy establishes “DOE (consolidated Dividend on Equity ratio) of 3%” as a guideline for dividends linked to shareholders’ equity.
• The annual dividend forecast for the fiscal year ending March 2027 has been revised from ¥20 per share (announced on May 14, 2026) to ¥28 per share, specifically revising the year-end dividend from ¥20 to ¥28.

CMK’s shift in dividend policy from a payout ratio target to a DOE target of 3% may suggest a move towards more predictable and stable shareholder returns, less susceptible to short-term earnings fluctuations. The adoption of DOE could also be interpreted as an effort to optimize shareholders’ equity and enhance long-term shareholder value. This announced dividend increase, based on the new policy, could be a key point of interest for investors monitoring the company’s commitment to shareholder returns.

• TYK’s consolidated financial results for the fiscal year ended March 2026 showed net sales of ¥31,484 million, a 1.4% decrease from the previous year.
• Operating profit was ¥3,441 million (down 23.6% year-on-year), and ordinary profit was ¥4,268 million (down 15.2% year-on-year).
• Net profit attributable to owners of parent increased by 19.5% to ¥3,740 million.
• By segment, net sales in Japan increased by 0.8% to ¥21,726 million due to strong refractory demand, but segment profit decreased by 22.1% to ¥3,088 million.
• The equity ratio at the end of the consolidated fiscal year was 70.4%, an increase of 1.3 percentage points from 69.1% at the end of the previous fiscal year.
• For the full-year forecast for March 2027, a special gain of ¥2,097 million from the sale of investment securities is anticipated in connection with the non-tender agreement with Daido Steel Co., Ltd. for a tender offer.

TYK’s FY2026/3 results show a notable increase in net profit attributable to parents despite declines in sales and operating profit, which may suggest the impact of other income or financial activities. The improved equity ratio to 70.4% indicates enhanced financial stability. The anticipated special gain from the sale of investment securities related to Daido Steel’s tender offer is a significant factor to monitor for the next fiscal year’s performance.

• Asanuma Corporation resolved to acquire shares of “T3 International Pte. Ltd.” in Singapore, making it a subsidiary, at a board meeting held on May 19, 2026.
• The acquisition aims to strengthen Asanuma’s “renewal business,” particularly in the “ASEAN region,” as outlined in its three-year mid-term plan (FY2024-FY2026).
• T3 International Pte. Ltd., established on October 22, 2002, is a Singapore-based company engaged in exterior and interior building painting businesses.
• The share acquisition will occur in two stages: an initial 80% voting rights (400,000 shares) in the first phase, followed by an additional 20% (100,000 shares) for a total of 100% voting rights. The first phase acquisition price is 8,000 thousand SGD (approximately 989 million JPY).
• Asanuma Corporation states that the impact of this acquisition on its consolidated financial results for the fiscal year ending March 2027 is expected to be minor, as it has already been incorporated into its performance forecast.

This subsidiary acquisition appears to be a concrete step for Asanuma Corporation to execute its mid-term management plan, which prioritizes strengthening its “renewal business” and expanding into the “ASEAN region.” Integrating an existing painting company in Singapore may provide Asanuma with an established operational base and market penetration in the region. The phased acquisition plan and the target company’s historical financial data could suggest a measured approach to business integration and risk management.

• Fujinihon announced a partial correction to its “Consolidated Financial Results for the Fiscal Year Ending March 2026 (Japanese GAAP)” on May 19, 2026.
• The reason for the correction was the discovery of errors in some descriptions within the financial results, which were originally disclosed on April 30, 2026, during the finalization process.
• Due to the numerous correction points, a full revised document has been attached, with corrected sections underlined.
• The corrections apply to a wide range of sections within the financial results, including consolidated operating results, financial position, cash flow situation for the fiscal year ended March 2026, dividend status, consolidated earnings forecast for the fiscal year ending March 2027, and summary of non-consolidated performance.

This correction impacts previously disclosed financial figures, making it crucial for investors to review the detailed revised financial data. The discovery of errors during the finalization process may suggest the company’s commitment to accuracy in its financial reporting, though it also underscores the importance of verifying information before initial release.

• GungHo Online Entertainment, Inc. announced the financial results for its non-listed parent company, Belleisle Japan Co., Ltd., for the fiscal year ended February 2026.
• Belleisle Japan Co., Ltd. operates in asset management, and its Representative Director is Taizo Son.
• As of February 28, 2026, Taizo Son holds 100% of Belleisle Japan Co., Ltd.’s 104,060 issued shares.
• For the fiscal year ended February 2026 (March 1, 2025, to February 28, 2026), Belleisle Japan Co., Ltd. reported a net loss of ¥146,118 thousand (approximately ¥146 million).
• During the same period, revenue was ¥1,627 thousand, operating loss was ¥53,722 thousand, and ordinary loss was ¥178,102 thousand.

This IR provides transparency regarding the financial status of GungHo’s non-listed parent company, Belleisle Japan. The disclosure of financial results for a parent company wholly owned by an individual shareholder can be seen as maintaining governance and financial transparency for GungHo’s parent entities. While direct implications are limited, the parent company’s situation could indirectly influence the listed subsidiary’s management strategy or capital policies, making it a relevant piece of information for investors to monitor periodically.

• Minkabu The Infonoid Co., Ltd. (Securities Code: 4436) released its full-year financial results presentation for the fiscal year ending March 2026 on May 19, 2026.
• The document addresses industry trends, business activities, and future outlook for the company and its group.
• The presentation includes descriptions related to technology domains such as Web3.0, artificial intelligence (AI), big data, and cloud input.
• This material was prepared based on information available as of May 19, 2026.

The released financial results presentation may offer insights into G-Minkabu’s current strategic focus areas and technological trends. The mention of advanced technologies like Web3.0 and AI could be particularly significant for understanding the company’s future growth strategy. Investors might find it valuable to continue monitoring how these technologies are integrated into the company’s operations and their potential impact on future performance.

• G-INFONET has resolved to make Activeritech Co., Ltd. a wholly owned subsidiary, as decided by its Board of Directors on May 19, 2026.
• The complete acquisition will be executed by first acquiring a portion of Activeritech’s issued shares (150 shares) through a stock transfer, followed by acquiring the remaining shares (1,050 shares) via a stock exchange.
• The scheduled completion date for the stock acquisition is June 19, 2026, and the effective date for the stock exchange is July 1, 2026 (tentative).
• The stock acquisition price is JPY 50,002,470, with estimated advisory fees of JPY 10,000,000, totaling approximately JPY 60,002,470.
• In the stock exchange, G-INFONET will allocate 399.7 shares of its common stock for each share of Activeritech’s common stock, planning to deliver a total of 419,685 shares.

This full acquisition appears to be a strategic move by G-INFONET to strengthen its competitive position and achieve sustainable growth by integrating its Web communication solutions with Activeritech’s 3DCG, XR, and digital twin technologies. The explicit mention of a future transition to a holding company structure suggests a focus on optimizing management and fostering business synergies. This development could be seen as an effort to expand into new business domains and create synergistic effects with existing operations, potentially enhancing corporate value.

• Asuka Pharmaceutical Holdings Co., Ltd. announced a partial correction to its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (Japanese GAAP),” originally disclosed on May 11, 2026.
• The reason for the correction was the discovery of partial deficiencies in the basic data used in the calculation process of retirement benefit obligations. This was attributed to insufficient verification of basic data during recalculation following a review of the discount rate.
• Concurrently, “Retirement benefit assets” increased by 535 million yen, “Deferred tax assets” decreased by 168 million yen, and “Accumulated actuarial gain/loss on retirement benefits” increased by 366 million yen.
• This correction has no impact on net sales, operating income, ordinary income, or net income attributable to owners of parent.
• Due to the numerous corrected parts, a full revised document has been provided with underlined changes.

• Kairikiya Co., Ltd. announced today that it has resolved to change (expand) its shareholder benefit program.
• The purpose of the change is to express gratitude to shareholders and to enhance the attractiveness of investing in the company’s shares to encourage medium-to-long-term ownership.
• Under the current system, shareholders holding 100 shares or more uniformly received one gift certificate (electronic ticket) worth JPY 1,000 twice a year.
• The revised system will provide shareholders holding 100 to less than 300 shares with JPY 2,000 worth of gift certificates (500 yen x 4 tickets) twice a year, those holding 300 to less than 500 shares with JPY 4,000 worth (500 yen x 8 tickets) twice a year, and those holding 500 shares or more with JPY 6,000 worth (500 yen x 12 tickets) twice a year.
• The new system will apply to shareholders recorded in the company’s shareholder register as of the end of June 2026.

This enhancement to the shareholder benefit program suggests the company’s commitment to strengthening shareholder returns, particularly for those holding 100 shares, whose benefit value will double. The introduction of 500-yen denomination tickets may increase the convenience for shareholders by allowing more flexible use. Given that the changes take effect from June 2026, investors might view this expansion through a long-term lens, potentially indicating the company’s confidence in its future performance and desire to attract and retain long-term investors.

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

• For the first half of FY2026, the company’s EBITDA progress rate was 72% and adjusted net income was 92.2%; however, the full-year performance forecast was not revised upward.
• The decision to maintain the full-year forecast was attributed to an anticipated gross profit reduction of approximately JPY 150 million in the CTV/video segment due to changes in commercial distribution in Q3, and ongoing uncertainties in the North American business outlook.
• EBITDA for the creator business increased by 439.2% year-over-year, with the growth described as structural and sustainable, supported by UUUM Marketing exceeding its budget.
• The acquisition of UDN SPORTS aims to “maximize human-like value not replaceable by AI,” by integrating advertising sales and creator monetization solutions into athlete management to achieve discontinuous growth in fee revenue.
• The North American business recorded a loss of JPY 100 million in Q2 but is expected to return to profitability from Q3 onwards, and the full-year EBITDA target of JPY 700 million is assessed as being on target.

The decision to maintain the full-year forecast despite strong first-half performance may suggest a cautious approach, factoring in specific segment headwinds and international business uncertainties. The remarkable growth in the creator business is a key highlight, potentially indicating the success and sustainability of the company’s diversification strategy. The acquisition of UDN SPORTS appears to be a strategic move to reinforce the company’s dual pillars of AdTech and creator businesses, aiming to establish new revenue streams.

• RAIZNEXT Corporation announced a partial correction to its “Consolidated Financial Results for the Fiscal Year Ending March 31, 2026 (Japanese GAAP)” on May 19, 2026.
• The correction pertains to page 5 of the supplementary material to the financial results disclosed on May 13, 2026, specifically under “1. Overview of Operating Results (4) Outlook.”
• The reason for the correction is stated as an error in the description due to insufficient confirmation during the preparation process of the document.
• The revised content concerns the economic outlook for the next fiscal year (ending March 31, 2027) and future business strategies. The original text regarding the economic outlook was replaced to reflect “the impact of an unstable external environment, such as the current situation in the Middle East, as well as factors like labor shortages and inflation, leading to continued uncertainty, but maintenance demand for domestic manufacturing facilities remains strong due to economic security and disaster response.”
• Furthermore, the description of business policy was also revised. The original reference to the “Third Medium-Term Management Plan formulated on May 14, 2025,” themed “RAIZNEXT X CHALLENGE,” was updated to refer to the “announcement regarding the revision of the Third Medium-Term Management Plan on May 13, 2026,” stating that the company “will continue to promote the deepening of existing businesses and efforts to capture further growth opportunities to achieve new numerical targets.”
• There are no corrections to numerical data.

This correction primarily involves revisions to the description of the economic outlook for the next fiscal year and associated medium-term management plan, with no impact on the reported financial figures themselves. It appears to reflect the company’s updated perspective on economic conditions and the direction of its business strategy. Investors may wish to monitor how these changes might influence future business developments, in conjunction with the detailed medium-term management plan.

• TDK Corporation announced that its subsidiary, Amperex Technology (Singapore) Pte. Ltd., resolved on May 19, 2026, to acquire 100% of the common shares of Linergy Power Sdn Bhd, making it a wholly-owned subsidiary.
• The acquisition aims to strengthen the supply system for TDK’s core Energy Application Products business, particularly in medium-sized secondary batteries, to flexibly respond to diverse global customer needs, accelerate business growth, and realize the “TDK Transformation” long-term vision.
• Linergy Power Sdn Bhd, established on December 19, 2024, is engaged in the manufacturing of lithium-ion secondary batteries. TDK indirectly held 25.5% of Linergy’s shares prior to this acquisition.
• The number of shares acquired is 1,017,605,244, with an acquisition cost of 240 million USD for Linergy Power Sdn Bhd’s common shares, plus approximately 1.1 million USD for advisory fees, totaling an estimated 241.1 million USD.
• The scheduled effective date for the share transfer is June 15, 2026.

TDK’s latest announcement may suggest a strategic move to solidify its position in the growing secondary battery market, aligning with its “TDK Transformation” long-term vision and medium-term management plan. By fully acquiring Linergy Power Sdn Bhd, a manufacturer of lithium-ion secondary batteries, TDK appears to be enhancing its supply capabilities and flexibility to meet evolving global customer demands within its core Energy Application Products business. This action could be interpreted as a proactive step to secure supply chain resilience and drive future growth in a critical technology segment.

• Frontier M Co., Ltd. announced a correction to its “Consolidated Financial Results for the Second Quarter of the Fiscal Year Ending December 31, 2025 (Japanese GAAP),” originally disclosed on August 13, 2025.
• The correction addresses errors in the interim consolidated cash flow statement and related descriptions.
• Specifically, a time deposit of ¥1,500,000 thousand (1.5 billion yen) previously included in cash and cash equivalents has been reclassified to “expenditure for time deposits under investing activities,” as its maturity period is six months.
• As a result of this correction, cash and cash equivalents at the end of the interim consolidated accounting period decreased from ¥5,822,365 thousand to ¥4,322,365 thousand.
• Funds used in investing activities increased from ¥1,142,196 thousand to ¥2,642,196 thousand.

This correction primarily concerns a reclassification error in the accounting treatment of a specific time deposit, rather than a change in the company’s actual cash position or profitability. Investors may note that the revised cash flow statement provides a more accurate breakdown of the company’s capital allocation. Such corrections are generally viewed as part of a company’s commitment to ensuring the accuracy and reliability of its financial reporting.

• G-Port Inc. released the Q&A from its FY2026/3 full-year earnings conference on May 19, 2026.
• The company identified the significant contribution of future profits to the growth of recurring revenue, establishing a strong earnings base, as its greatest achievement in its mid-term management plan.
• G-Port highlighted the level of generative AI utilization across the organization as a key challenge, stating that promoting productivity improvements, potentially including the full replacement of tasks by AI, is a top priority.
• For FY227/3, anticipating over 30% growth in both revenue and operating profit, the energy sector is projected to primarily drive profit growth, while the human resources sector is expected to lead growth in both revenue and profit.
• The grid-scale battery storage business is expected to achieve profitability in its inaugural year, with a target of deciding on investments for up to 10 sites in FY2027/3.
• The fundamental cause of the rising decline rate in the human resources sector was attributed to the early and year-round nature of job offer acquisitions in the new graduate recruitment market, leading to extended lead times.

• Ukai Co., Ltd. announced its non-consolidated financial results for the fiscal year ended March 31, 2026, on May 19, 2026.
• For FY2026, net sales were ¥13,570 million (+0.8% year-on-year), operating profit was ¥831 million (+15.2% year-on-year), and ordinary profit was ¥846 million (+21.0% year-on-year).
• Net profit for the period reached ¥295 million (+115.8% year-on-year), with earnings per share of ¥52.64.
• By segment, the Restaurant Business Division reported net sales of ¥11,022 million (+4.2% year-on-year), and the Merchandise Business Division reported net sales of ¥1,994 million (+11.1% year-on-year).
• The “Hakone Glass no Mori” cultural business was transferred on October 1, 2025, and “Tokyo Shiba Tofuya Ukai” closed on March 31, 2026.
• For FY2027, the company forecasts net sales of ¥11,895 million (-12.3% year-on-year), an operating loss of ¥587 million, an ordinary loss of ¥604 million, and a net loss of ¥432 million.

Ukai achieved a revenue and profit increase in FY2026, with a significant improvement in net profit, which may be attributed to increased average spend in the restaurant segment and growth in merchandise sales. Concurrently, the company appears to be undergoing a business portfolio restructuring, evidenced by the transfer of its cultural business and the closure of a key restaurant. The substantial forecasted decline in revenue and shift to a net loss for FY2027 suggests that the ongoing business changes are expected to impact profitability, making it a crucial area for investors to monitor.

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

• Tokyo Century announced the re-publication of its FY2026 March IR materials on May 19, 2026.
• The re-publication was prompted by its consolidated subsidiary, Aviation Capital Group LLC (ACG), announcing its Q1 FY2026 results (for the period ending December 2026) on May 16, 2026 (Japan time).
• The latest Q1 FY2026 results for ACG have been added and appended to the original IR materials.
• The specific pages updated are “P25 ACG Performance ②” (added) and “P26 ACG Revenue Trends” (appended).

This re-publication appears to aim at providing investors with the most current financial information for ACG, a key consolidated subsidiary. Including these recent results may offer a more comprehensive and up-to-date view of Tokyo Century’s overall financial health and future outlook. Investors may wish to examine how ACG’s latest performance contributes to the parent company’s consolidated figures.

• Faith Network Co., Ltd. published the summary of key questions and answers from its FY2026/3 earnings briefing on May 19, 2026. The briefing was held via live stream on May 18, 2026.
• Regarding the FY2028 tax reform proposals on inheritance tax valuation of rental properties (using market price for properties inherited within 5 years), the company believes there will be no impact due to its focus on mid- to long-term asset succession and management. Instead, they view the 5-year restriction as a “tailwind” that may encourage earlier purchases.
• No immediate delays in property completion due to the Middle East situation have been confirmed, but some notifications regarding delays in construction material delivery have been received. Potential impacts on performance could arise from prolonged material delivery delays, supply shortages, or rising construction material costs.
• The planned gross profit margin for FY2027/3 is 26%, with efforts underway to exceed a baseline of 25%.
• M&A strategy focuses on enhancing development capabilities and property value, targeting general contractors in Tokyo’s 23 wards, companies with advanced construction technologies, or those with extensive experience in high-end kitchen development for affluent clients, to create new value.

Faith Network’s Q&A provides insight into how the company is adapting its business strategy to external environmental changes. Its perspective on tax reform as a potential tailwind and its focus on enhancing property value to counter rising construction costs indicate the direction of its management strategy. The potential impact of the Middle East situation on material procurement is recognized as a latent risk factor, and its future trajectory will be a key point for investors to monitor.

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

• Moi Inc. announced on May 19, 2026, that its Board of Directors resolved to enter into a capital and business alliance agreement with SBI Holdings, Inc. and to issue new shares through a third-party allotment.
• SBI Holdings will acquire 3,534,400 shares of Moi’s common stock through a third-party allotment and a stock transfer from Yosuke Akamatsu, Moi’s President and largest shareholder.
• Following these transactions, SBI Holdings’ voting rights in Moi are projected to be 20.41%.
• The issue price for the third-party allotment is 275 yen per share, totaling 921,525,000 yen, with the payment date scheduled for July 31, 2026.
• The business alliance aims for collaboration in areas such as joint discovery and nurturing of next-generation creators/artists, joint marketing and IP development focusing on paid distribution and fan communities, enhancement of financial and AI platforms, promotion of regional revitalization through live streaming, and overseas expansion of IP/content via digital platforms.

This announcement suggests a strategic move to create diverse synergies between Moi, operating the live streaming service “TwitCasting,” and SBI Holdings, which focuses on financial services and is expanding into media. The integration of SBI Group’s financial solutions and global network could potentially accelerate Moi’s service ecosystem development and international expansion. Investors may want to monitor how these business collaborations progress and contribute to the long-term corporate value of both companies.

• Lion Office Products reported consolidated results for the second quarter of the fiscal year ending September 2026: Net sales of ¥25,114 million (+20.5% year-on-year), operating profit of ¥1,429 million (+37.2%), ordinary profit of ¥1,440 million (+30.8%), and net income attributable to owners of parent of ¥979 million (+29.1%).
• Segment sales were: Retailer Business ¥9,276 million (-0.4%), Enterprise Business ¥6,208 million (+10.3%), and Education Business ¥9,628 million (+63.0%).
• Key individual measures showed growth: “Office Marugoto” project cases increased to 236 (+39.6% year-on-year), NAVILION sales to ¥1,689 million (+15.7%), and IBC sales to ¥492 million (+20.6%).
• The full-year consolidated forecast for FY2026 was revised upwards: Net sales ¥40,723 million (up ¥276 million from previous forecast), operating profit ¥1,400 million (up ¥89 million), ordinary profit ¥1,442 million (up ¥76 million), and net income attributable to owners of parent ¥989 million (up ¥10 million).
• A new sales base was opened on May 7, 2026, intended to serve as a comprehensive hub for “Office Marugoto” proposals.

Lion Office Products’ Q2 FY2026 results show significant growth, particularly driven by the Education Business, benefiting from GIGA School program updates, and the Enterprise Business, due to increased large-scale renovation projects. The strong performance of individual strategic initiatives such as “Office Marugoto” projects and NAVILION sales may indicate successful execution of the company’s growth strategy. The upward revision of the full-year forecast could suggest management anticipates these positive trends to continue into the second half of the fiscal year.

• J-MAX announced the release of its FY2026/3 earnings briefing video on Friday, May 29, 2026, at 16:00.
• The company is accepting advance questions from investors for the earnings briefing from Tuesday, May 19, 2026, to Monday, May 25, 2026.
• Questions are to be submitted via the company’s website inquiry form, selecting “IR-related inquiries” and stating “Earnings Briefing Advance Question.”
• For FY2026/3, consolidated net sales were 51,919 million JPY (up 10.2% YoY), operating profit was 1,858 million JPY (up 9,632.5% YoY), and profit attributable to owners of parent was 891 million JPY (up 4,173 million JPY YoY).
• Sales increased due to higher production of electrification components in the China segment, and profits improved due to the continued effects of structural reforms.

J-MAX’s FY2026/3 financial results indicate significant improvements in both sales and profit, primarily driven by increased production of electrification components in the China segment and ongoing structural reforms. The upcoming earnings briefing video and opportunity for advance questions could provide investors with deeper insights into the company’s future growth strategies and segment-specific initiatives. The high level of interest-bearing debt and the need for improved equity ratio are also points worth monitoring.

• G-Vitabrid J announced on May 19, 2024, a “Correction to a Portion of ‘FY2026 February Earnings Presentation Materials’.”
• The correction pertains to the “FY2026 February Earnings Presentation Materials” originally disclosed on April 13, 2024.
• The reason for the correction is the discovery of an error in the stated percentage of female managers.
• The specific correction is located on page 54, “Human Capital (as of the end of February 2026),” regarding the numerical value for female managers (highlighted in red).
• The corrected “FY2026 February Earnings Presentation Materials” are available on the company’s official website.

• Takuma Co., Ltd. announced a “Correction to a part of ‘Supplementary Explanatory Materials for the Fiscal Year Ended March 31, 2026′” on May 19, 2026.
• The correction pertains to a part of the “Supplementary Explanatory Materials for the Fiscal Year Ended March 31, 2026” released on May 14, 2026.
• Specifically, an error was identified on page 22, under the section “Growth Investments | Human Capital Investment, Research and Development, Capital Expenditure.”
• The full corrected document has been made available on Takuma’s official website.
• It is explicitly stated that there are no corrections to the figures in the “Financial Results Summary for the Fiscal Year Ended March 31, 2026 [Japanese GAAP] (Consolidated)” disclosed on the same day.

This correction primarily affects supplementary disclosure materials rather than the consolidated financial figures presented in the official earnings report. Investors may want to review the specific changes on page 22, as “Growth Investments” typically outlines a company’s strategic priorities for future development. While the financial results themselves remain unchanged, understanding the refined details of growth investment plans could offer additional context for evaluating the company’s long-term outlook.

• ESTIC Co., Ltd. reported consolidated results for the fiscal year ended March 2026, with revenue of ¥8,033 million (up 1.9% year-on-year), operating profit of ¥1,574 million (down 3.8% year-on-year), and net profit attributable to parent company shareholders of ¥1,163 million (down 1.5% year-on-year).
• By region, North America sales increased by ¥297 million year-on-year, and Asia (excluding China) sales increased by ¥452 million year-on-year. Japan sales decreased by ¥366 million, while China sales increased by ¥9 million.
• By product, sales of screw tightening equipment increased primarily in overseas markets, while sales of nut runners and hand nut runners decreased.
• Overseas sales accounted for 67.6% of total revenue. The average exchange rate against the US dollar was ¥159.88 (compared to ¥149.70 in the fiscal year ended March 2025).
• For the fiscal year ending March 2027, the consolidated earnings forecast projects revenue of ¥8,602 million (up 7.1% year-on-year), operating profit of ¥1,707 million (up 8.4% year-on-year), and net profit of ¥1,219 million (up 4.8% year-on-year).

The FY2026/3 results suggest that growth in overseas markets, particularly North America and Asia, drove overall revenue, but a sluggish domestic market, a decrease in sales of some key products, and rising raw material costs impacted profitability. The FY2027/3 earnings forecast projects significant growth in hand nut runner sales, while screw tightening equipment sales are expected to continue declining, indicating a potential shift in product mix impacting future performance. The effectiveness of growth strategies in the Asian market and measures to address US tariffs may be worth monitoring for future profitability improvements.

• Galilei Co., Ltd. announced on May 19, 2026, a correction to a part of its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (Japanese GAAP)” which was originally disclosed on May 1, 2026.
• The reason for the correction was the discovery of errors in the consolidated financial statement figures during the financial closing procedures, specifically due to “corrections to corporate income tax, inhabitant taxes, and enterprise taxes.”
• The corrected consolidated operating results for the fiscal year ended March 31, 2026, are as follows: Net Sales ¥138,616 million (up 6.1% year-on-year), Operating Profit ¥17,078 million (up 3.1% year-on-year), Ordinary Profit ¥17,943 million (up 4.5% year-on-year), and Net Profit attributable to owners of parent ¥12,197 million (up 1.6% year-on-year).
• The corrected consolidated financial position for the fiscal year ended March 31, 2026, shows Total Assets of ¥154,427 million, Net Assets of ¥113,392 million, and a Shareholder’s Equity Ratio of 73.4%.
• As numerous sections were corrected, the revised full text was attached, with all corrected parts underlined.

This correction indicates that certain financial figures in the previously disclosed financial results have been amended due to adjustments in corporate taxes and related items. For investors, it may be important to closely monitor such correction announcements to ensure that their analysis is based on the finalized financial data. Specifically, as net profit and other key performance indicators are affected, it is advisable to incorporate these revised figures into any financial assessments of the company.

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

• Japan Creative Platform Group reported consolidated net sales of ¥24,273 million for the first quarter of the fiscal year ending December 2026, marking an increase of ¥2,577 million (11.9%) compared to the same period last year.
• The sales growth was primarily attributed to approximately ¥2.2 billion in increased sales from newly consolidated subsidiaries acquired since Q4 2025, including Fuji Plus, Silky Act, Sanmec, Suzuki Shofudo, DNTS, West Management, Rittai Zokei Kobo, and Trust. Excelpack Kabaya was also acquired as a subsidiary in Q1 2026.
• Operating profit was ¥1,038 million, a decrease of ¥270 million (20.7%) from ¥1,309 million in the previous year’s corresponding period.
• Factors contributing to the decrease in operating profit include a decline in gross profit margin from 31.8% to 31.3%, a 15.1% increase in personnel expenses to ¥7,379 million, and significant increases in depreciation (74.0%) and amortization of goodwill (146.7%) year-on-year.
• Ordinary profit increased by ¥441 million (28.6%) to ¥1,982 million year-on-year.
• Net profit attributable to owners of the parent decreased by ¥1,012 million (42.4%) to ¥1,377 million, from ¥2,389 million in the prior year’s period.

The robust increase in net sales, primarily driven by the expansion of consolidated subsidiaries, suggests the company’s M&A strategy is actively progressing. However, the decline in operating profit, influenced by rising raw material and personnel costs, alongside increased depreciation and goodwill amortization from these acquisitions, may indicate short-term integration costs. The rise in ordinary profit, despite operating profit decline, implies favorable non-operating income, suggesting a positive impact from financial activities on overall earnings.

• Koyosha Co., Ltd. announced on May 19, 2026, discrepancies between its full-year consolidated earnings forecast and actual results for the fiscal year ended March 2026, as well as an upward revision to its dividend forecast.
• The actual consolidated results for FY2026/3 were: Net Sales of ¥4,830 million (1.7% above previous forecast), Operating Profit of ¥102 million (46.3% above), Ordinary Profit of ¥138 million (38.8% above), and Net Profit attributable to owners of parent of ¥84 million (29.4% above).
• The discrepancy is attributed to strong sales in carbon offset-related businesses, including carbon neutral print and carbon zero print, which exceeded initial plans.
• The year-end dividend forecast for the fiscal year ended March 31, 2026, has been revised upwards from ¥7.20 to ¥10.00 per share, an increase of ¥2.80.
• The company’s basic policy for profit distribution is to provide dividends commensurate with each fiscal year’s performance, targeting a dividend payout ratio of approximately 30%.

• Sagami Rubber Industries Co., Ltd. announced its consolidated financial results for the fiscal year ended March 31, 2026 (April 1, 2025, to March 31, 2026).
• Consolidated net sales amounted to ¥5,911 million, a 3.9% increase year-on-year.
• Consolidated operating income turned profitable at ¥180 million, compared to an operating loss of ¥33 million in the previous fiscal year.
• Consolidated ordinary income increased by 12.4% year-on-year to ¥587 million, primarily due to ¥488 million in foreign exchange gains recorded as non-operating income.
• Net income attributable to owners of parent was ¥283 million, a 27.8% decrease from the previous fiscal year.
• By segment, Healthcare business sales increased by 9.5% to ¥4,675 million, with operating income rising 24.7% to ¥762 million.
• Plastic Products business sales decreased by 5.4% to ¥1,190 million, but its operating loss improved to ¥35 million from ¥84 million in the prior year.
• For the fiscal year ending March 31, 2027, the company forecasts consolidated net sales of ¥6,400 million (an 8.3% increase), operating income of ¥380 million (a 112.8% increase), and net income attributable to owners of parent of ¥60 million (a 78.7% decrease).
• The year-end dividend is projected to be ¥10.00 per share, maintaining the annual dividend at ¥10.00.

• Astroscale Holdings has announced the completion of an interim review by certified public accountants for its Q3 FY2026 consolidated financial results.
• This review was conducted in connection with the issuance of Euro-yen denominated convertible bonds due 2029 through an overseas public offering, and new shares and the first unsecured convertible bonds through a third-party allotment.
• Key changes from the Q3 FY22026 consolidated financial statements, originally disclosed on March 13, 2026, include the addition of notes to the condensed quarterly consolidated financial statements (Basis of Preparation).
• For Q3 FY2026 (May 1, 2025 – January 31, 2026), project revenue reached 8,349 million JPY (up 125.1% year-on-year), and net sales revenue increased to 4,415 million JPY (up 194.5% year-on-year).
• Profit attributable to owners of the parent company was △5,017 million JPY, and basic earnings per share were △37.41 JPY.

The completion of the interim review by certified public accountants, linked to significant future financing activities, may suggest an effort to enhance financial transparency and credibility. This could be interpreted as a step towards strengthening the capital base essential for the company’s growth strategy. The substantial increase in revenue also indicates business expansion, which might lead to expectations for improved profitability in the future.

• Daihatsu Infinearth MFG. CO., LTD. has released its full-year earnings presentation material for the fiscal year ended March 2026.
• For the full fiscal year ended March 2026, consolidated results were: Net Sales of ¥88,066 million, Operating Profit of ¥7,621 million, Ordinary Profit of ¥7,959 million, and Net Income of ¥5,920 million. EPS was ¥232.90.
• The full-year plan for the fiscal year ending March 2027 projects: Net Sales of ¥104,000 million (up 18.1% year-on-year), Operating Profit of ¥8,000 million (up 5.0% year-on-year), Ordinary Profit of ¥8,000 million (up 0.5% year-on-year), and Net Income of ¥5,700 million (down 3.7% year-on-year).
• As of the end of March 2026, the order backlog increased significantly by 51.2% year-on-year to ¥113,500 million. The composition ratio of dual-fuel engines in the order backlog rose to 25%.
• The new Himeji plant was completed at the end of 2025 and began operations in February 2026. A new logistics center near the Moriyama plant is planned for activation in spring 2028, and a new Gunma plant for fuel injection devices by a subsidiary is scheduled to start operations in winter 2027.

Daihatsu Infinearth’s FY2026 performance was supported by strong maintenance-related sales, exceeding revised plans. The FY2027 outlook projects revenue growth driven by increased sales of large engines, with the substantial increase in order backlog due to the new Himeji plant potentially impacting future results. Growth investments in next-generation fuel compatible engines, logistics reform, and new plant construction for fuel injection devices may indicate a strategic shift towards long-term business transformation.

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

• TAYTWO Co., Ltd. resolved to dissolve its capital and business alliance with Surugaya Corporation and conclude a new business alliance agreement on May 19, 2026, via a written resolution of the Board of Directors.
• The reason for the dissolution of the capital and business alliance is stated as achieving certain results from past initiatives, and a judgment to review the capital relationship while maintaining a business alliance, allowing for more agile and flexible business operations in response to future business environment changes and growth strategies.
• Surugaya Corporation’s 1,852,000 shares of TAYTWO common stock (representing 2.89% of the total outstanding shares) are planned to be acquired by TAYTWO as treasury stock through off-auction own share repurchase (ToSTNeT-3).
• The Board of Directors’ resolution date, contract signing date, and effective date for this matter are all May 19, 2026.
• TAYTWO anticipates that this matter will have a minor impact on its financial performance.

The revision of the capital relationship suggests that both companies aim for more agile and flexible business operations. The acquisition of shares held by Surugaya as treasury stock indicates an intention to improve capital efficiency while avoiding potential market impact. It will be worth monitoring how the ongoing business alliance will contribute to the growth of both companies’ operations.

• Uchiyama Holdings Co., Ltd. announced a partial correction to its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (Japanese GAAP)” on May 19, 2026.
• The correction pertains to “3. Consolidated Financial Statements and Primary Notes (5) Notes to Consolidated Financial Statements (Segment Information, etc.)” specifically “Information on Impairment Losses on Fixed Assets by Reporting Segment.”
• Prior to the correction, impairment losses for the “Nursing Care Business” were reported as 64,744 thousand yen, and “Company-wide/Elimination” as 26,828 thousand yen.
• After the correction, impairment losses for the “Nursing Care Business” were revised to 90,544 thousand yen, and “Company-wide/Elimination” to 1,028 thousand yen.
• The total impairment loss amount remains unchanged at 210,671 thousand yen before and after the correction.

This correction indicates an amendment to the segment breakdown of impairment losses on fixed assets within the consolidated financial statements for the fiscal year ended March 2026. While the overall impairment loss amount is unchanged, investors may note the reallocation of these losses across segments. The key changes include an increase in impairment losses for the nursing care business and a corresponding decrease in company-wide/elimination items, which could suggest a reclassification of these assets.

• Magmag Inc.’s revenue for the second quarter (cumulative) of fiscal year 2026 was ¥233,943 thousand, representing a 106.3% increase year-on-year.
• Operating profit for the same period was ¥2,561 thousand, a 35.3% increase year-on-year.
• The platform business expanded its creator base to 765 magazines (+56) and implemented functional investments and infrastructure development targeting an average unit price of ¥289.7 (+54).
• The media advertising business saw a steady accumulation of stock-type creator tie-ups, with a transition to the monetization phase for ordered projects in the second half.
• On the balance sheet, current assets were ¥1,015,314 thousand (up ¥54,508 thousand from the previous fiscal year), and net assets were ¥897,252 thousand (up ¥51,921 thousand from the previous fiscal year).

Magmag Inc.’s recovery to a single-quarter operating surplus in Q2, transitioning from an investment phase to a monetization phase, may suggest a positive shift in its operational trajectory. The expansion of creators and the focus on higher average unit prices in the platform business, alongside the accumulation of stock-type projects in media advertising, could indicate progress in building a sustainable revenue base. Investors may find it worth monitoring the company’s ability to monetize existing orders in the second half of the fiscal year, which is crucial for achieving its full-year performance targets.

• Suzumo Machinery reported consolidated net sales of ¥15,864 million for the fiscal year ended March 2026, representing a 1.9% increase year-over-year.
• Operating profit for the same period was ¥1,009 million (down 46.6% YoY), ordinary profit was ¥1,043 million (down 46.4% YoY), and net profit attributable to owners of the parent was ¥602 million (down 58.8% YoY).
• Domestic sales decreased by 5.4% to ¥10,033 million, while overseas sales increased by 17.5% to ¥5,831 million.
• The decline in operating profit was primarily due to a decrease in gross profit (¥273 million decrease) and an increase in selling, general and administrative expenses (¥607 million increase).
• On the balance sheet, cash and deposits decreased by ¥2,623 million from the previous fiscal year-end, while tangible fixed assets increased by ¥1,581 million.

The FY2026 results show a slight increase in net sales, largely supported by strong overseas performance offsetting a decline in domestic sales. The significant decrease in operating profit may suggest the impact of increased manufacturing labor costs for new factory operations, upfront human capital investments, and expenses related to the dissolution of a capital and business alliance. Investors may want to monitor the company’s ability to sustain overseas growth, revitalize domestic sales, and manage costs effectively during this investment phase.