Japan Stock IR Daily – May 26, 2026 (40 reports)

• Okaya Electric Industries Co., Ltd. announced a correction to its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 [Japanese GAAP]” initially disclosed on May 14, 2026.
• The reason for the correction was an error found in the “Land Revaluation Difference” on the consolidated balance sheet during the preparation of the annual securities report for the fiscal year ended March 31, 2026.
• The error was due to the failure to decrease the “Land Revaluation Difference” as required following the recognition of an impairment loss.
• In addition to the “Land Revaluation Difference,” the “Deferred Tax Liabilities for Revaluation,” “Retained Earnings,” and “Income Taxes-Deferred” on the consolidated statement of income were also corrected.
• As a result of the correction, the “Net Loss Attributable to Owners of Parent” was revised from ¥1,644 million to ¥1,622 million. The amount of impairment loss recognized remains unchanged.

This correction primarily stems from an accounting processing error related to specific items on the consolidated balance sheet, leading to a revision in the net loss attributable to owners of parent. Given that the impairment loss amount itself remains unchanged, it suggests no significant alteration in the recognized loss from business operations. However, the market’s assessment of the impact on financial statement reliability and any improvements in future disclosure processes may be worth monitoring.

• RIZAP Group Inc. announced a partial correction to its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 [IFRS]” that was disclosed on May 14, 2026.
• The reason for the correction was an error in the calculation of the dividend forecast for the fiscal year ending March 31, 2027.
• The correction specifically pertains to the dividend forecast for the fiscal year ending March 31, 2027, found on page 1 of the summary information, “2. Dividends,” in the original financial results.
• Before the correction, the total annual dividend and year-end dividend forecast for the fiscal year ending March 31, 2027, was “¥1.34 to ¥1.84.”
• After the correction, the revised total annual dividend and year-end dividend forecast for the fiscal year ending March 31, 2027, is now “¥1.34 to ¥2.01.”

This correction primarily concerns an upward revision of the upper limit for the dividend forecast for the fiscal year ending March 31, 2027, which may be of interest to investors. The consolidated dividend payout ratio of 20.0% remains unchanged, suggesting that this is a rectification of a calculation error rather than a significant shift in the company’s dividend policy. Investors may want to continue monitoring how this revised forecast might influence future dividend expectations.

• Carlit Co., Ltd. has released the video of its FY2026/3 earnings presentation, including a Q&A section.
• For the fiscal year ended March 2026, consolidated results showed net sales of JPY 36.247 billion (down 1.8% year-on-year), operating profit of JPY 3.459 billion (up 13.5%), ordinary profit of JPY 3.755 billion (up 13.1%), and net profit of JPY 2.976 billion (up 15.8%).
• By segment, the Chemicals segment reported net sales of JPY 21.977 billion (down JPY 446 million year-on-year) and operating profit of JPY 1.858 billion (up JPY 380 million year-on-year).
• The consolidated forecast for the fiscal year ending March 2027 projects net sales of JPY 37.2 billion (up 2.6% year-on-year), operating profit of JPY 3.2 billion (down 7.4%), ordinary profit of JPY 3.3 billion (down 12.1%), and net profit of JPY 3.0 billion (up 0.8%).
• The year-end dividend forecast for FY2027/3 is planned to remain at JPY 42 per share, consistent with FY2026/3.

Carlit’s FY2026/3 results show strong profit growth, with operating, ordinary, and net profits increasing by double digits, despite a slight decline in net sales. The Chemicals segment’s operating profit growth appears to be a key driver of this performance. The outlook for FY2027/3 anticipates increased sales but a projected decrease in operating and ordinary profits, attributed to uncertainties in raw material procurement and cost increases stemming from the Middle East situation, suggesting that monitoring future business environment changes will be important for investors.

• Asahi Diamond reported consolidated net sales of JPY 41,983 million (+2.4% YoY) and operating profit of JPY 2,403 million (+4.0% YoY) for the fiscal year ended March 2026.
• Ordinary profit increased by 9.0% YoY to JPY 3,346 million.
• Net profit attributable to owners of the parent decreased by 19.4% YoY to JPY 2,009 million, with EPS at JPY 40.92.
• Operating profit increase factors included higher sales (JPY 0.66 billion) and reduced variable cost ratio (JPY 0.50 billion). Decrease factors included increased retirement benefit expenses (JPY 0.53 billion), personnel costs (JPY 0.37 billion), and depreciation expenses (JPY 0.16 billion).
• By industry, sales in the machinery sector rose to JPY 10,373 million (+10.0% YoY), and the electronics & semiconductor sector reached JPY 16,978 million (+1.9% YoY).
• Geographically, sales in Japan increased to JPY 19,512 million (+7.1% YoY) and in China to JPY 4,928 million (+15.3% YoY).

The FY2026 results show Asahi Diamond achieving growth in both net sales and operating profit, driven by strong performance in the machinery and electronics & semiconductor sectors, particularly in Japan and China. This suggests a positive impact from increased demand for semiconductor equipment tools and improved profitability. However, the decline in net profit attributable to parent due to impairment is a key factor for investors to monitor.

• Daiichi Co., Ltd. announced the financial results for the fiscal year ended February 2026 of its non-listed parent company, Ito-Yokado Co., Ltd.
• Ito-Yokado Co., Ltd. reported net sales of ¥722,840 million, operating income of ¥22,213 million, ordinary income of ¥24,381 million, and net income of ¥35,883 million for the fiscal year ended February 2026.
• According to Ito-Yokado Co., Ltd.’s balance sheet summary, total assets were ¥673,028 million, total liabilities were ¥186,773 million, and total net assets were ¥486,255 million.
• Ito-Yokado Co., Ltd. holds a 30.56% voting rights ratio in Daiichi Co., Ltd. as of February 28, 2026.
• The largest shareholder of Ito-Yokado Co., Ltd. is York Holdings Co., Ltd., holding 100.00% of the total outstanding shares.

For Daiichi investors, the performance of its parent company, Ito-Yokado, may influence Daiichi’s business strategy and future direction. Ito-Yokado’s retail sector profitability, in particular, is a key factor in understanding Daiichi’s operating environment. The presence of personnel and transactional relationships could also be points of interest when considering future group strategies.

• In the cram school business, Kyoshin proceeded with the reorganization of unprofitable locations, mainly individual tutoring schools in the Kansai region, from last fiscal year to this spring, and plans to strengthen new store openings based on a dominant strategy in the Tokyo metropolitan area, which is experiencing population inflow.
• For the childcare and nursing care business, Linkheart, acquired in October 2025, is expected to contribute to increased sales for the full fiscal year, and the nursing care business plans to strengthen its presence in Kyoto and southern Shiga Prefecture, where the “Kyoshin” brand is established.
• In the language-related business, the Australian language school is expected to reduce its deficit compared to the previous period due to fixed cost reduction. The Japanese language education business is strengthening the establishment of Japanese language schools and human resource dispatch programs in Nepal and Southeast Asian countries to diversify country-specific dependency risks.
• As new ventures, the second “Pitalabo” rehabilitation fitness facility is scheduled to open in Shiga Prefecture in June 2026. The private after-school care “Kyoshin’s After-School Club HOPPA” plans to open 20 facilities over the next five years.
• A new dividend policy was introduced, targeting a minimum of 5 yen per share and a payout ratio of 30%.

This Q&A session provides specific strategies and progress across various business segments. The drastic structural reforms in the cram school business and focus on the Tokyo metropolitan area could potentially lead to improved profitability. Furthermore, the aggressive expansion in childcare, nursing care, and new ventures might establish these as future growth drivers. The introduction of a new dividend policy clarifies the company’s commitment to shareholder returns, which may be a point of interest for investors prioritizing stable income gains.

• P-Digital Cube announced a correction to a part of its “Notice Concerning Change of Fiscal Year (End of Business Year) and Partial Amendment to Articles of Incorporation” originally disclosed on May 14, 2026, due to an error in the content.
• The correction specifically pertains to “4. Partial Amendment to Articles of Incorporation.”
• The original text stated that a supplementary provision would be established as a transitional measure because the 21st fiscal year would be for nine months, from April 1, 2026, to December 31, 2026.
• The revised text clarifies that the supplementary provision will address both the duration of the 21st fiscal year and the interim dividend record date for that fiscal year.
• A new supplementary provision, “(Transitional Measures Regarding Interim Dividend Record Date),” was added to the proposed Articles of Incorporation, explicitly stating that the interim dividend record date for the 21st fiscal year shall be September 30, 2026. This provision will be deleted upon the conclusion of the Ordinary General Meeting of Shareholders for the 21st fiscal year.

This correction addresses an omission in the prior disclosure regarding the partial amendment of the Articles of Incorporation in conjunction with the change in the fiscal year. Specifically, it clarifies the transitional measures related to the interim dividend record date for a particular fiscal year. For investors, this provides greater clarity regarding a critical date for dividend eligibility, which may enhance the transparency and reliability of the information for investment decisions.

• For the fiscal year ended March 2026, revenue was ¥323 million, a decrease of ¥637 million (66.4%) compared to the previous fiscal year.
• Operating loss for the period was ¥748 million, ordinary loss was ¥778 million, and net loss was ¥780 million, with all losses widening from the previous period.
• The decline in revenue is attributed to the non-recognition of overseas sales that were recorded in the previous fiscal year.
• Neo Criticare Pharma, a manufacturing consignee, ceased transactions in September 2025, and a new manufacturing consignee agreement was signed on October 2, 2025.
• For the fiscal year ending March 2027, the company forecasts revenue of ¥1,038 million (an increase of 221.0%), an operating loss of ¥696 million, an ordinary loss of ¥625 million, and a net loss of ¥628 million.

• For the fiscal year 2025, consolidated net sales were ¥58,277 million, representing an increase of ¥714 million (1.2%) compared to the previous fiscal year.
• Consolidated operating income reached ¥1,892 million, an increase of ¥274 million (17.0%) year-on-year.
• Net profit attributable to owners of the parent decreased by ¥486 million (▲26.8%) to ¥1,329 million.
• Key factors contributing to the sales increase include the pass-through of cost increases to selling prices, increased sales volume at overseas bases, and sales contributions from newly consolidated subsidiaries (Doken).
• The rise in operating income was primarily driven by the effects of sales price revisions, improvements in variable costs, and contributions from newly consolidated subsidiaries.
• Extraordinary losses totaled ¥347 million, including an impairment loss of ¥257 million related to the factory relocation of High Frequency Heat Treatment (China) Bearing Co., Ltd.

Neturen’s FY2025 results show an increase in net sales and operating income, while net profit decreased. This suggests that while sales price revisions, strong overseas performance, and M&A contributed positively to revenue, extraordinary losses, particularly the impairment loss related to the China business, impacted the final profit. The analysis of operating income drivers highlights that improved sales and variable costs were positive contributors, but rising personnel costs and M&A-related expenses pushed up fixed costs, which is a point worth monitoring.

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

• SEED Co., Ltd. reported consolidated revenue of ¥33,942 million for the fiscal year ended March 2026, an increase of 2.1% year-on-year, and gross profit of ¥15,222 million, up 4.1% year-on-year.
• Operating profit stood at ¥1,439 million (△7.8% year-on-year), ordinary profit at ¥1,406 million (+5.5% year-on-year), and net profit attributable to owners of the parent at ¥1,135 million (+4.0% year-on-year).
• Gross profit improved due to the resolution of production issues that occurred in the second quarter of FY2025/3 and enhanced product yield, although partially offset by higher procurement costs for some imported products due to the weaker yen.
• Selling, general, and administrative (SG&A) expenses increased, attributed to advisory fees related to organizational restructuring, including the spin-off of the smart contact lens business and the establishment of a logistics hub in Singapore.
• By main product category (on a non-consolidated wholesale basis), “Airgrade” saw a 44.4% increase, “Toric” grew by 10.0%, and “Multifocal” increased by 10.8%.

The increase in revenue and gross profit may suggest that the company successfully addressed prior production challenges and improved operational efficiency. However, the decline in operating profit could indicate the impact of increased cost of sales due to a weaker yen and temporary elevated SG&A expenses related to strategic organizational changes. Investors may want to monitor the company’s strategies for managing costs and leveraging growth in specialized lens categories to enhance overall profitability in the upcoming periods.

• For the fiscal year ended March 2026, consolidated results were: Net Sales of 2,085 million yen (145 million yen below plan), Operating Profit of 55 million yen (115 million yen below plan), and Net Loss attributable to parent company shareholders of 25 million yen (121 million yen below plan), falling short of targets.
• Revenue shortfall in the first half was due to delays in some projects, shifting revenue recognition to later periods. Profit was impacted by a one-time cost of 48 million yen related to head office relocation.
• In the second half and full year, a total of 167 million yen was invested as strategic upfront investment, including increased depreciation for next-generation CMS (LENSAhub), higher personnel costs due to staffing reinforcements, and increased server costs.
• Net profit turned to a loss due to the recording of a special loss of 59 million yen from impairment of a subsidiary.
• The AI Service Business (Cogmo series) recorded solid full-year sales of 354 million yen. Web/CMS Business flow revenue was 1,050 million yen (up 9.5% year-on-year), and stock revenue was 1,034 million yen (down 2.5% year-on-year).
• For the fiscal year ending March 2027, an operating profit of 137 million yen (2.4 times the previous year) is planned, positioning it as the phase for investment recovery, with FY2028/3 to FY2029/3 regarded as the period for full-scale investment recovery.
• The company plans to continue its shareholder benefit program.

The Q&A details specific reasons for the FY2026/3 performance shortfall, including project delays, relocation expenses, strategic upfront investments, and subsidiary impairment. The strong performance of the AI service business and its high-profit margin are noteworthy, potentially signaling a shift in the company’s future revenue structure. The outlined phased investment recovery plan from FY2027/3 onwards provides a roadmap for investors regarding the company’s future profitability outlook.

• OHSHO FOOD SERVICE CO., LTD. announced that its consolidated net sales for the fiscal year ended March 2026 reached ¥116.8 billion, a record high, marking 5 consecutive years of revenue growth. This represents a 5.2% increase year-on-year.
• Consolidated operating profit was ¥10.4 billion, a 4.5% decrease compared to the previous fiscal year, while still securing over ¥10 billion in operating profit.
• Existing store sales increased by 4.4% year-on-year, but existing store customer count decreased by 0.8% year-on-year.
• The increase in net sales by ¥5.8 billion was primarily driven by growth in in-store dining and FC shipments, whereas operating profit decreased by ¥4.9 billion due to increased selling, general, and administrative expenses, including higher labor costs and ingredient prices.
• In May 2025, the company acquired treasury shares, compressing cash and deposits and retained earnings, with the aim of further strengthening shareholder returns and improving capital efficiency.

OHSHO FOOD SERVICE has demonstrated consistent revenue growth, achieving record-high sales, supported by a strong customer base. However, the report indicates that a high-cost environment, particularly increases in labor and ingredient expenses, has impacted operating profit. Investors may find it worthwhile to monitor the company’s strategies for recovering existing store customer counts and enhancing profitability through higher-value product offerings.

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

• Daito Trust Construction has announced corrections to a portion of its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (Japanese GAAP)”.
• The corrections were made due to errors identified in the summary information, the “Notes on Segment Information, etc.”, and “4. Reference Materials (3) By Segment” published on April 30, 2026.
• The scheduled dividend payment start date in the summary information has been revised from the original “June 27, 2026” to “June 29, 2026”.
• In the segment information (attached material, page 22), the “Revenue from profitable real estate business” within the Real Estate Development segment was corrected. For revenue from contracts with customers, it changed from JPY 73,388 million to JPY 69,857 million. For other revenue, it changed from JPY 11,140 million to JPY 14,671 million.
• Consequently, the total “Revenue from contracts with customers” for the Real Estate Development segment changed from JPY 121,305 million to JPY 117,774 million, and the total “Other revenue” changed from JPY 25,778 million to JPY 29,309 million.

These corrections primarily involve a change in the dividend payment start date and minor numerical adjustments within the segment revenue data. Since key consolidated financial indicators such as total sales to external customers, segment profit, and segment assets remain unchanged, the overall impact on the company’s financial performance may be limited. Investors should verify the corrected dates and figures, particularly if they are focusing on detailed segment-specific data.

• Hakuhodo DY Holdings provided an update on its Mid-Term Management Plan, targeting FY2027/3 as the final year, during the FY2026/3 full-year earnings briefing.
• Adjusted operating profit before goodwill amortization achieved an average annual growth rate of +14.3% for FY2026/3, surpassing the mid-term target of +10% or more.
• The adjusted operating margin before goodwill amortization reached 14.1%, exceeding the mid-term target of 13% or more.
• Hakuhodo DY ONE reported a +3.4% improvement in its operating margin (OM) due to the integration synergy of DAC/iREP.
• The company announced that it has achieved the second position in domestic digital advertising sales share following the group-in of Digital Holdings.

The progress in key financial targets of the mid-term management plan, particularly the operating profit and operating margin exceeding their goals, may suggest effective structural reforms. The reported improvement in Hakuhodo DY ONE’s profitability in the digital marketing sector and the increased market share from the Digital Holdings group-in could indicate potential drivers for future business growth. While ROE before goodwill amortization fell short of the target, attributed to temporary expenses, the company’s commitment to improving capital efficiency through profit growth remains a factor worth monitoring.

• ＤｙＤｏ announced its consolidated financial results for the first quarter of FY2027 (January 21, 2026, to April 20, 2026).
• Net sales reached ¥55,239 million, an increase of 4.3% compared to the same period last year.
• Operating income turned positive at ¥1,556 million, recovering from an operating loss of ¥1,445 million in the prior year’s first quarter.
• Ordinary income was ¥459 million, and net income attributable to owners of parent was ¥110 million, both turning profitable from losses in the prior year.
• The full-year consolidated earnings forecast remains unchanged, projecting net sales of ¥246,800 million (+2.3% YoY) and operating income of ¥10,500 million (+152.2% YoY).

ＤｙＤｏ’s first-quarter results show a significant turnaround, with net sales and all profit metrics moving from loss to profit, primarily driven by strong overseas beverage operations and improved profitability in the domestic beverage business. The positive shift in operating income may suggest the effectiveness of cost reductions and revenue enhancement initiatives. With the full-year forecast unchanged, investors may monitor the company’s ability to sustain this momentum.

• PCNET’s Q3 FY2026 results exceeded expectations due to multiple positive factors in both the IT Subscription and ITAD businesses.
• The IT Subscription business saw steady growth in recurring revenue from long-term subscription contracts, supplemented by short-term rental demand related to the House of Representatives election.
• The ITAD business benefited from increased equipment inflow due to Windows OS update demand, rising used PC market prices driven by new PC price increases, and strengthened procurement of high-profitability items like newer models and high-spec products.
• Compared to Q3 FY2020 (the previous Windows EOS update), IT Subscription revenue grew approximately 3.3 times, ITAD revenue approximately 1.6 times, and operating profit per employee improved by about 3 times.
• For the next fiscal year, the company anticipates a certain degree of reaction from Windows OS update demand in the ITAD business but aims for overall growth driven by the expanding recurring revenue in the IT Subscription business.

This Q&A session suggests that PCNET’s strong Q3 performance was a result of both temporary special demands and structural improvements, including the strengthening of recurring revenue in the IT Subscription business and enhanced profitability in the ITAD segment. The significant growth in business scale and productivity compared to the previous Windows EOS update cycle could indicate a more robust foundation for sustainable future growth. It will be worth monitoring how the IT Subscription business’s growth can offset the anticipated reaction in the ITAD business in the upcoming fiscal year to maintain overall growth.

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

• Hoshino Resorts REIT announced a tenant change for some of its properties due to a merger scheduled for July 1, 2026, within the Hoshino Resorts Group.
• Hoshino Resorts Management Co., Ltd. will be the surviving company, absorbing 13 companies including Minami Hotel Management Co., Ltd.
• This merger will consolidate the tenants for a total of 6 properties, including Hoshinoya Taketomi Island, OMO7 Osaka, and OMO7 Kochi, under Hoshino Resorts Management Co., Ltd.
• There will be no changes to rent or other lease agreement terms, nor to the proportion of Hoshino Resorts Group tenants within the Investment Corporation’s portfolio.
• The impact of this tenant merger on the operating performance for the October 2026 fiscal period is expected to be minor, with no changes to the “Financial Results Briefing for the October 2025 Period (REIT)” released on December 16, 2025.

This IR addresses a tenant merger aimed at improving efficiency within the Hoshino Resorts Group. The consolidation of multiple group companies into a single surviving entity may streamline operational management. For the Investment Corporation, the assurance that there will be no impact on rental income or contract terms could mitigate potential investor concerns.

• SHIFT Co., Ltd. announced the cancellation of the establishment of a subsidiary, which was previously disclosed on March 24, 2026, regarding “Notice of Establishment of a Subsidiary and Absorption-type Merger between Our Subsidiaries.”
• The revised scheme involves the absorption-type merger of three subsidiaries—SHIFT’s wholly-owned subsidiary SHIFT SECURITY Co., Ltd., and its owned companies KRAF Co., Ltd. and MASLABO Co., Ltd.—directly into SHIFT Co., Ltd. (the parent company).
• The new company “Secure One Co., Ltd. (tentative name),” which was initially planned for establishment, will not be formed.
• The reason for this change is to consolidate the three cybersecurity business companies into SHIFT, which also provides cybersecurity services, to achieve efficiency in management resources.
• This change is part of the back-office centralization of 15 SHIFT Group companies, also announced today, and aims to simultaneously promote the AI integration of back-office operations.

This change in strategy, shifting from establishing a new subsidiary to directly absorbing existing ones into the parent company, appears to aim for more immediate consolidation of cybersecurity operations and greater efficiency in management resources. The explicit mention of promoting AI integration in back-office operations suggests a strengthened focus on improving overall group productivity. Investors may want to monitor how this revised plan could impact SHIFT’s operational efficiency and future profitability.

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

• SourceNext Co., Ltd. resolved to change its shareholder benefit program at a Board of Directors meeting held on May 26, 2026.
• The current program of granting 1,000 yen coupons will be replaced with SourceNext e-points (bonus points) based on the number of shares held.
• The validity period for benefits remains one year, and there will be no limit on the number of points that can be used per payment under the new system.
• The revised shareholder benefit program will commence with benefits granted based on the record date of December 31, 2026.
• The new system introduces different point awards based on continuous holding periods: “less than 1 year,” “1 year or more,” and “3 years or more,” with a new emphasis on benefits for those holding shares for 3 years or longer.

The revision of SourceNext’s shareholder benefit program appears designed to enhance shareholder convenience and encourage long-term stock ownership. The transition from coupons to e-points could offer greater flexibility and ease of use for shareholders across a wider range of products and services. The introduction of a “3 years or more” continuous holding category may suggest an objective to secure a stable shareholder base over time.

• Tokyo Kikai Seisakusho announced the confirmed individual financial results of its parent company, Yomiuri Shimbun Holdings, for the fiscal year ended March 2026.
• Yomiuri Shimbun Holdings reported individual sales of 4,077 million yen for the fiscal year ended March 2026.
• Individual net profit for the same period amounted to 3,594 million yen.
• According to the balance sheet, total assets were 187,614 million yen, and net assets were 134,779 million yen.
• Tokyo Kikai Seisakusho is indirectly held by Yomiuri Shimbun Holdings, which owns 27.20% of its voting rights through its subsidiary, Yomiuri Shimbun Tokyo Honsha.
• There is a business relationship between Tokyo Kikai Seisakusho and Yomiuri Shimbun Holdings’ subsidiaries involving the sale and maintenance of newspaper rotary presses.

The individual financial results of parent company Yomiuri Shimbun Holdings are a significant data point for understanding Tokyo Kikai Seisakusho’s business environment. The reported sales and net profit figures indicate the parent company’s standalone performance, which could indirectly influence Tokyo Kikai Seisakusho’s future business developments and transactional relationships. Investors may find it particularly relevant to observe the connection between these results and Tokyo Kikai Seisakusho’s business in selling and maintaining newspaper rotary presses for Yomiuri Shimbun Holdings’ subsidiaries.

• Premier Co., Ltd., a consolidated subsidiary of Premier Group Corporation, announced the additional acquisition of shares in its equity-method affiliate, Etomo Financing Corporation (EFC).
• EFC is scheduled to become a consolidated subsidiary of Premier Group following the additional share acquisition.
• Premier Co., Ltd.’s voting rights ownership in EFC will be 90.8% after the acquisition.
• The purpose of the acquisition is to strategically strengthen the consumer finance business in the Philippines and shift to a more agile management structure led by Premier Group, aligning with the “Change & Prove 2030” medium-term management plan’s goal of expanding overseas business.
• The share transfer execution date is scheduled for June 12, 2026.

This move by Premier Group suggests a significant commitment to expanding its overseas business in the Philippines market. The transition from an equity-method affiliate to a consolidated subsidiary indicates a desire for greater control, aiming for faster decision-making and unified strategy execution. The focus on strengthening the consumer finance business in the growing Philippine middle-income market, along with the future prospect of entering the auto credit business, could be key areas for investors to monitor regarding the company’s long-term growth trajectory.

• Consolidated net sales for Q1 FY2027 were ¥5,651 million, a 2.6% decrease compared to the same period last year.
• Consolidated operating profit was ¥101 million, a 59.1% decrease year-on-year.
• Consolidated ordinary profit turned to black at ¥161 million (compared to an ordinary loss of ¥72 million in the prior year), and net profit attributable to parent company shareholders was ¥48 million (compared to a net loss of ¥136 million in the prior year), both showing a return to profitability.
• Sales in the Pro-Use Business increased by 2.1% year-on-year, while the Home-Use Business decreased by 9.3% and Overseas Business decreased by 18.0%.
• The consolidated full-year FY2027 earnings forecast (net sales ¥22,961 million, operating profit ¥501 million, ordinary profit ¥520 million, net profit attributable to parent company shareholders ¥120 million) remains unchanged.

Takasho’s Q1 results indicate a mixed performance, with a decrease in net sales and operating profit year-on-year, but a return to profitability for ordinary and net income. This shift in profitability appears to be influenced by factors such as foreign exchange gains, improved profit margins at overseas sales subsidiaries, and a reduction in unrealized profit eliminations due to inventory compression. While the Pro-Use segment demonstrated robust growth, a decline in both Home-Use and Overseas segments contributed to the overall sales decrease, suggesting differing dynamics across business areas.

• Ukaï 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 19, 2026.
• The reason for the correction was the discovery of errors in some descriptions and numerical data.
• One significant correction was in “1. Overview of Business Performance, etc. (4) Future Outlook,” where the operating profit forecast for the fiscal year ending March 2035 under the Long-Term Management Vision 2035 was changed from “12 million yen” (before correction) to “1,200 million yen” (after correction). The sales forecast of 16,000 million yen and operating profit margin of 7.5% remain unchanged.
• In “3. Financial Statements and Principal Notes (1) Balance Sheet,” the “Total current liabilities” as of March 31, 2026, was revised from 3,049,244 thousand yen (before correction) to 2,844,781 thousand yen (after correction), and “Total non-current liabilities” was revised from 3,082,974 thousand yen (before correction) to 2,611,933 thousand yen (after correction).
• These liability corrections primarily stem from changes in the classification and numerical adjustments of “asset retirement obligations” between current and non-current liabilities; current asset retirement obligations changed from 52,815 thousand yen to 215,800 thousand yen, and non-current asset retirement obligations changed from 384,900 thousand yen to 395,333 thousand yen.

This correction primarily addresses a unit error in the operating profit forecast for the long-term management vision and revisions to several numerical data points on the balance sheet, particularly regarding asset retirement obligations. Accurate financial information, especially concerning future performance targets, is crucial for investors evaluating a company’s prospects and contributes to market transparency. The adjustments to the balance sheet figures warrant review as they affect the understanding of the company’s financial position.

• Joshin has decided to partially change its shareholder benefit program through an executive board resolution.
• The current paper “shareholder benefit coupons (200 yen)” will be replaced by electronic “Shareholder Benefit Cards.”
• This digitization is expected to shorten payment times at store registers and eliminate the need for mail for purchases on the Joshin web shop, allowing for immediate settlement.
• There are no changes to the shareholder benefit criteria.
• The change will apply to shareholders recorded in the shareholder registry as of March 31, 2026.
• “Shareholder Benefit Cards” are scheduled to be shipped after the general shareholders’ meeting on June 26, 2026, and their use on the Joshin web shop will commence on July 1, 2026.

This digitization of shareholder benefits appears to focus on improving convenience for shareholders, particularly by enabling online usage, which aligns with modern consumer behavior. For the company, this change may lead to reduced printing and mailing costs for physical coupons, potentially enhancing operational efficiency. Investors might view this as a progressive step towards digital transformation and cost management.

• Sankyu announced corrections to a portion of its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 [Japanese GAAP]” initially disclosed on May 14, 2026.
• The reason for the correction was the discovery of an overstatement of accounts receivable and accounts payable by the same amount after the initial announcement.
• In the corrected consolidated financial position for the fiscal year ended March 2026, total assets were revised from ¥560,169 million to ¥559,746 million.
• While net assets remained unchanged at ¥306,988 million, the equity ratio was revised from 54.1% to 54.2%.
• Net assets per share remained unchanged at ¥6,047.98.
• Current assets were revised from ¥269,678 million to ¥269,255 million, and current liabilities from ¥151,187 million to ¥150,764 million.

This correction stems from an equal overstatement of accounts receivable and payable, impacting both assets and liabilities. Although the revisions to total assets and the equity ratio are minor, ensuring the accuracy of financial statements allows investors to evaluate the company based on more reliable information. Such corrections can be interpreted as an indication that the company’s internal control processes for verifying financial data are functioning.

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

• Echo Trading Co., Ltd. announced on May 26, 2026, a partial correction to its “Consolidated Financial Results for the Fiscal Year Ended February 2026 (Japanese GAAP)”.
• The correction pertains to specific descriptions and numerical data published in the original financial results on April 10, 2026.
• In “1. Overview of Operating Results (3) Overview of Cash Flows for the Current Period”, “Proceeds from sale of investment securities” was corrected from ¥122 million to ¥91 million.
• Within the “Consolidated Cash Flow Statement” under “Cash flows from investing activities”, “Payments for purchase of investment securities” was corrected from ¥41,018 thousand to ¥10,460 thousand, and “Proceeds from sale of investment securities” was corrected from ¥122,447 thousand to ¥91,889 thousand.
• Despite these individual corrections, the total “Cash flows from investing activities” for the consolidated fiscal year remains unchanged at -¥149,576 thousand.

This correction addresses an error in certain figures within the investing activities section of the consolidated cash flow statement. Specifically, the amounts related to the acquisition and sale of investment securities have been revised, though the overall figure for cash flows from investing activities remains consistent. For investors, this information is crucial for an accurate understanding of the detailed breakdown of the company’s cash flow activities.

• Striders Corporation announced its full-year financial results for the fiscal year ended March 2026.
• Consolidated net sales reached ¥8,213 million, representing a 5.5% increase year-over-year.
• Consolidated operating profit was ¥197 million, a significant increase of 314.7% year-over-year.
• Ordinary profit was ¥247 million, and net profit attributable to owners of the parent was ¥205 million.
• By segment, the Real Estate business reported an operating profit of ¥312 million (+24.4% YoY), the Hotel business achieved an operating profit of ¥98 million (turning profitable from a loss of ¥30 million in the previous year), and the Investment business also turned profitable, with all three segments contributing to profit.
• The equity ratio improved to 50.9% from 44.8% at the end of the previous fiscal year, and net assets increased by ¥350 million to ¥2,814 million.

Striders’ FY2026 results show substantial growth in both net sales and operating profit, with operating profit exceeding both initial and revised forecasts. The turnaround of the Hotel segment to profitability, combined with continued profit growth in Real Estate and the return to profit in Investments, suggests a strengthening and diversification of the company’s business portfolio. The improvement in the equity ratio could also indicate a more robust financial foundation.

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

• Unitika Co., Ltd. reported a consolidated net profit of ¥18.2 billion for the fiscal year ended March 2026, marking a turnaround from a net loss of ¥24.3 billion in the previous fiscal year.
• Consolidated net sales amounted to ¥118.6 billion (down ¥7.8 billion year-on-year), while continued businesses achieved revenue growth.
• Operating profit increased to ¥10.5 billion (up ¥4.7 billion year-on-year) due to the expansion of high-value-added and high-performance products and cost reduction measures.
• Ordinary profit rose to ¥10.4 billion (up ¥5.7 billion year-on-year), benefiting from the increase in operating profit and foreign exchange effects, including valuation gains on foreign currency-denominated assets.
• Special gains included ¥23.7 billion from the sale of fixed assets and ¥12.0 billion from debt forgiveness by financial institutions, which exceeded special losses of ¥14.9 billion for business structure improvement expenses.
• For the fiscal year ending March 2027, the company forecasts consolidated net sales of ¥84.0 billion, operating profit of ¥8.0 billion, and net profit of ¥5.0 billion.

This earnings report suggests that the effects of Unitika’s structural reforms under its business revitalization plan are materializing. The significant improvement in net profit, particularly driven by special gains from business divestitures, indicates progress in strengthening the company’s financial position. However, the substantial reduction in projected net sales for the next fiscal year suggests that the impact of withdrawing from low-profitability businesses on the company’s scale remains a key area for investors to monitor.

• G-Headwaters announced an amendment to its “Supplementary Material for Q1 FY2026 Financial Results,” originally disclosed on May 15, 2026, due to partial revisions in its content.
• The revision concerns the full-year operating profit forecast for FY2026, which was corrected from the pre-amendment “650,332 thousand yen (operating profit margin 7.6%)” to the post-amendment “753,000 thousand yen (operating profit margin 8.8%)”.
• Effective from Q1 FY2026 (January-March 2026), the company’s business name has changed from “AI Solution Business” to “AI Platform Business,” following the absorption-type merger agreement with BBD Initiative Co., Ltd.
• The segment structure has been revised from a single “AI Solution Business” segment to three distinct segments: “Enterprise AI Solution Business,” “AI Workflow Engineering Business,” and “DATA & AI Engine Business.”
• For Q1 FY2026, the company reported consolidated net sales of 1,262,400 thousand yen (up 170.8% year-on-year) and operating profit of 135,293 thousand yen (compared to an operating loss of △67,619 thousand yen in the prior year’s same quarter).

This IR announcement is significant for investors not only due to the upward revision of the full-year operating profit forecast but also because it outlines a fundamental transformation of the business structure. The transition to the AI Platform business and the introduction of a new three-segment system could profoundly influence the company’s future growth strategy and revenue streams. Investors may find it worthwhile to monitor the specific business developments under the new post-merger structure and the revenue contributions from each segment.

• Startline Co., Ltd. released a Q&A compilation regarding its FY2026/3 financial results on May 26, 2026.
• This compilation includes anticipated questions from the company, inquiries and feedback received from shareholders and investors following the announcement, and the company’s responses.
• The stated purpose of this disclosure is to deepen market participants’ understanding.
• Reference materials, including the FY2026/3 financial results presentation and business materials, are provided via links.
• A financial results explanation video (approx. 19 minutes) is also available, with a viewing deadline of December 31, 2026.

The release of this Q&A compilation may suggest Startline’s commitment to enhancing transparency and engagement with shareholders and investors. For investors, this document provides a direct avenue to understand management’s perspective on potential concerns or ambiguities related to the company’s business strategy and financial performance. Reviewing this alongside the financial results presentation and video could offer a more comprehensive insight into the company.

• Maruzen Co., Ltd. announced partial corrections to its “Consolidated Financial Results for the Fiscal Year Ended February 2026 (Japanese GAAP)” on May 26, 2026.
• The correction stems from errors discovered in the consolidated cash flow statement, which was originally disclosed on April 10, 2026, and April 16, 2026.
• There is no impact on the consolidated balance sheet, consolidated statement of income, or consolidated statement of changes in shareholders’ equity.
• The “Cash flows from operating activities” for the fiscal year ended February 2026 has been revised from ¥4,807 million to ¥4,805 million.
• The “Cash and cash equivalents at the end of the period” has been revised from ¥20,551 million to ¥20,549 million.
• The “Net increase (decrease) in cash and cash equivalents” has been revised from △¥3,295,555 thousand to △¥3,297,402 thousand.

This correction primarily involves minor adjustments to figures within the consolidated cash flow statement, with no reported impact on the income statement or balance sheet. While the revised amounts are relatively small, it is noteworthy for investors as it reinforces the accuracy of the company’s financial reporting. Such corrections are typically seen as part of a company’s ongoing efforts to maintain robust internal controls and ensure transparency in its disclosures.

• Matsuda Sangyo Co., Ltd. announced consolidated results for the fiscal year ended March 2026, reporting net sales of ¥687.8 billion, operating profit of ¥22.4 billion, ordinary profit of ¥23.5 billion, and net profit of ¥16.7 billion.
• These consolidated results represent a year-on-year increase of 46.7% in net sales, 77.0% in operating profit, 74.1% in ordinary profit, and 77.2% in net profit, setting new record highs.
• By business segment, the precious metals related business generated ¥570.4 billion in net sales and ¥19.3 billion in operating profit, while the food related business achieved ¥117.4 billion in net sales and ¥3.1 billion in operating profit.
• Capital efficiency metrics improved, with ROE at 15.4% (up 5.5 percentage points year-on-year) and ROA at 11.9% (up 3.4 percentage points year-on-year).
• The company forecasts a dividend per share of ¥110 for the fiscal year ending March 2027, marking the ninth consecutive year of dividend increases.
• The cash flow statement for the fiscal year ended March 2026 reported an operating cash flow of -¥8.9 billion.
• A new Mid-Term Management Plan 2028 (FY2026-2028) was announced, targeting an operating profit of ¥28.0 billion, cumulative operating cash flow of ¥35.0 billion over three years, ROE of 11.0% or higher, and ROA of 10.0% or higher by FY2028.

Matsuda Sangyo’s record-high consolidated performance for FY2026 demonstrates strong growth across both its precious metals and food segments, driven by price increases and improved operating margins. However, the negative operating cash flow, attributed to increased working capital due to rising precious metal prices, highlights a key area for investors to monitor in the company’s future financial management. The new Mid-Term Management Plan sets ambitious targets, which will require effective execution to maintain this growth trajectory while managing cash flow.

• Terilogy Holdings Co., Ltd. announced an amendment to its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 [Japanese GAAP],” originally disclosed on May 14, 2026.
• The reason for the correction was the discovery of items requiring amendment within “Investments and Other Assets” on the consolidated balance sheet.
• The primary cause cited was the misclassification of amounts that should have been recorded under “Investment securities” being listed under “Other” within “Investments and Other Assets.”
• The correction impacts the consolidated balance sheet as of March 31, 2026, where “Investment securities” changed from ¥481,783 thousand (before correction) to ¥499,246 thousand (after correction).
• Concurrently, the “Other” category within “Investments and Other Assets” changed from ¥56,479 thousand (before correction) to ¥39,016 thousand (after correction).
• The total amount for “Investments and Other Assets” and “Total Assets” remains unchanged by this correction.

This amendment primarily involves reclassification between specific balance sheet accounts, with no change to the total “Investments and Other Assets” or “Total Assets.” Therefore, the direct impact on the overall financial health of the company may be limited. However, the fact that previously disclosed financial information contained errors could be a point of attention for investors regarding information reliability. As the XBRL data has also been corrected, institutional investors utilizing this data would need to ensure their records are updated promptly.

• KOBE BUSSAN CO., LTD. resolved to form a capital and business alliance with Makiya Co., Ltd. at its Board of Directors meeting held on May 26, 2026.
• The alliance aims to strengthen their existing cooperative relationship, based on a franchise agreement, through both capital and operational aspects.
• Key operational alliance initiatives include introducing Makiya’s out-pack products into KOBE BUSSAN’s “Chisousai” delicatessen business and exploring store expansion, joint procurement utilizing both companies’ networks, and considering Makiya’s opening of Gyomu Super franchise stores.
• KOBE BUSSAN will acquire 1,400,000 shares of Makiya’s common stock at ¥1,198 per share, totaling ¥1,677 million. This acquisition will result in a 19.8% voting rights ratio after the investment.
• The scheduled execution date for the share acquisition is July 15, 2026.

KOBE BUSSAN’s capital and business alliance with Makiya indicates a strategic move to deepen an existing franchise partnership. The operational aspects of the alliance suggest potential benefits through strengthening the delicatessen business, optimizing procurement costs, and accelerating the expansion of Gyomu Super stores. Acquiring a 19.8% voting stake suggests KOBE BUSSAN aims to exert influence while maintaining Makiya as an equity-method affiliate rather than a consolidated subsidiary.

• Takasago International Corporation announced a correction to its “FY2026 Q3 Financial Results Presentation Material” on May 26, 2026.
• The correction pertains to the “FY2026 Q3 Financial Results Presentation Material” originally disclosed on May 25, 2026.
• The reason for the correction is an identified error in the value of “Strategic Shareholdings” as of March 31, 2026, located on page 33 of the said presentation material under the section “Capital Structure and Capital Efficiency.”
• The specifics of the correction are detailed in an attached corrigendum, with the revised sections highlighted in red.

This correction concerns specific numerical data within the financial results presentation material, aiming to rectify information related to the company’s capital structure and efficiency. For investors, the accuracy of public information regarding a company’s financial status and governance is often considered important. Such amendments may be viewed as a crucial step in maintaining transparency in corporate disclosures.

• HOWA MACHINERY announced its consolidated financial results for the fiscal year ended March 2026, reporting net sales of 24,064 million JPY (down 3.1% year-on-year) and operating income of 1,186 million JPY (down 5.3% year-on-year).
• By segment, the firearms business achieved increased revenue and profit with net sales of 8,965 million JPY (up 13.4% year-on-year) and operating income of 1,255 million JPY (up 37.8% year-on-year), driven by increased shipments of defense equipment and specific contract sales.
• In contrast, the machine tool-related business recorded net sales of 5,421 million JPY (down 22.1% year-on-year) and an operating loss of 1,017 million JPY (an expansion of 560 million JPY in losses), due to decreased sales, deteriorating profitability, and inventory valuation losses.
• For the fiscal year ending March 2027, the company forecasts consolidated net sales of 23,560 million JPY (down 2.1% year-on-year) and operating income of 1,410 million JPY (up 18.9% year-on-year), expecting a profit increase.
• As part of its structural reforms for the machine tool-related business, the company resolved to dissolve and liquidate its Chinese subsidiary, HOWA (Tianjin) Machine Tool Co., Ltd.

HOWA MACHINERY’s FY2026 results highlight the strong performance of its firearms segment, which was offset by significant losses in its machine tool-related business. The FY2027 outlook suggests a strategic shift towards profitability in the machine tool segment through structural reforms, which could improve the company’s overall earnings structure. The decision to dissolve and liquidate the Chinese subsidiary appears to be a move to enhance profitability by divesting from an unprofitable operation.

• Metaplanet, Inc. announced additional details for its shareholder benefits program, including two new partners (Beatus Co., Ltd. and NearMe Co., Ltd.) and a new proprietary benefit (LINE sticker perk), expanding on the announcement made on March 12, 2026.
• New benefits include a ¥500 airport transfer coupon from NearMe in the “Health” category and a discount on Yazawa Meat online store products and a special plan for Hanryukaro 66 Chinese restaurant from Beatus in the “Joy” category.
• A new proprietary benefit, “Satoshi Sensei & Bitcoin Man LINE Sticker Perk,” will be pre-released for a limited time from June 2026 to August 2026 under the “Premium Experience” category.
• The shareholder benefits tier system is structured into four levels (Silver, Gold, Diamond, Nakamoto) based on continuous shareholding period (less than 6 months, 6 months to less than 24 months, 24 months or more) and number of shares held (100 shares to 50,001 shares or more).
• The record date for these shareholder benefits is updated quarterly; for the record date of June 30, 2026 (Tuesday), the ex-rights date is June 26, 2026 (Friday), and the benefit utilization start date is July 13, 2026 (Monday).

This announcement suggests Metaplanet is further enriching its shareholder benefits program and reinforcing initiatives to encourage long-term shareholding. The diversification of benefits, beyond Bitcoin-related perks to include lifestyle and experiential offerings, may indicate an attempt to appeal to a broader investor base. The clear definition of the tier system for long-term shareholders could also be seen as reflecting the company’s objective to build a stable shareholder foundation.

• Olympus Corporation has decided to acquire all outstanding shares of BioProtect Ltd., an Israeli medical device manufacturer, making it a wholly-owned subsidiary.
• The acquisition price is $270 million (approximately ¥43.3 billion), with the share acquisition date scheduled for June 1, 2026.
• BioProtect Ltd. specializes in R&D and manufacturing of implant technology for protecting healthy tissues during radiation therapy and surgical procedures, specifically a biodegradable balloon spacer for rectal protection during prostate cancer radiation therapy.
• This acquisition is part of Olympus’s new management strategy, “Growth through Innovation,” announced on November 7, 2025, which designates the urology sector as a key focus area.
• As of December 2025, BioProtect Ltd. reported net assets of △¥2,099 million, sales of ¥2,329 million, and net income of △¥4,737 million for the fiscal year.

This acquisition of BioProtect Ltd. may indicate Olympus’s strategic intent to strengthen its position as a global MedTech company and address unmet needs in cancer treatment. The integration of BioProtect’s innovative implant technology, particularly in prostate cancer treatment, could enhance Olympus’s product portfolio in urology and expand its value proposition across the entire care pathway starting from endoscopy. Given BioProtect Ltd.’s recent financial losses, the focus for investors may now shift to how Olympus plans to achieve synergy and improve the acquired company’s profitability moving forward.

• unbanked Inc. announced on May 26, 2026, the initiation of discussions to dissolve its capital alliance with MaaaaRu Holdings Co., Ltd.
• As part of the alliance dissolution procedures, a stock lending agreement was executed between MaaaaRu Holdings and Tetsuya Adachi, Representative Director of unbanked, regarding MaaaaRu Holdings’ 2,236,829 shares of unbanked stock.
• Consequent to this stock lending agreement, voting rights were transferred to Mr. Tetsuya Adachi, resulting in MaaaaRu Holdings no longer qualifying as a major shareholder.
• Mr. Tetsuya Adachi newly qualifies as a major shareholder, with 22,369 voting rights (2,236,929 shares owned), representing 12.39% of the total shareholder voting rights, placing him as the 2nd largest shareholder after the change.
• Prior to the change, MaaaaRu Holdings was the largest major shareholder with 22,368 voting rights (2,236,829 shares owned), representing 14.87% of the total shareholder voting rights.
• The company states that this matter will have no impact on the consolidated business performance of the unbanked group.

The initiation of discussions to dissolve the capital alliance between unbanked and MaaaaRu Holdings could signal a shift in the company’s management structure. The transfer of voting rights from MaaaaRu Holdings’ shares to CEO Adachi significantly increases his voting stake, which may enhance his influence over the company’s operations. This change in the major shareholder composition is a noteworthy development for future business strategies and corporate governance.

• Japan Mortgage Service Co., Ltd. announced a correction to a part of its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (Japanese GAAP),” originally published on May 11, 2026.
• The correction involves changes to operating revenue and operating profit, impacting summary information, an overview of business results, consolidated financial statements, and related notes.
• The reason for the correction is a revision in the accounting method for new housing warranty services within the Housing Academia business; it was determined that pro-rata recognition over the warranty period, rather than lump-sum recognition, is appropriate after reviewing the transaction details.
• As a result of this correction, ¥105 million in operating revenue and operating profit, initially recorded in the fiscal year ended March 2026, is now scheduled to be recognized in the fiscal year ending March 2027.
• Due to multiple correction points, the full corrected text is attached to the announcement, with changes indicated by underlines.

This correction stems from a change in accounting treatment for a specific business, primarily affecting the timing of revenue and profit recognition rather than the fundamental transaction value. Investors may note that the ¥105 million deferred from FY2026 to FY2027 could influence future performance expectations. This adjustment appears to be a procedural correction by the company to ensure accurate financial reporting based on revised accounting interpretations.