Japan Stock IR Daily – June 22, 2026 (33 reports)

• Tokai Corporation announced the acquisition of all shares of QLC Produce Co., Ltd., a wholly-owned subsidiary of Idemitsu Kosan Co., Ltd., making it a subsidiary.
• The acquisition was resolved at a board meeting on June 20, 2026, with the contract signing date on June 30, 2026, and the share transfer execution date scheduled for July 31, 2026.
• QLC Produce operates 169 rehabilitation day service facilities nationwide (including 157 FC-operated stores) and develops/sells systems like “ACE” for improving operational efficiency and profitability in elder care.
• Following the acquisition, Tokai Group’s rehabilitation day service business will expand to 206 facilities nationwide (including 158 FC-operated stores), with annual sales of approximately 3.2 billion yen.
• The number of shares acquired is 5,000, and the acquisition price is 2,910 million yen.

The acquisition of QLC Produce is aligned with Tokai’s mid-term management plan to drive growth in its silver care business segment. This significant expansion of its rehabilitation day service operations could strengthen the company’s foundation in home-based, medical, and preventive care, contributing to its “healthy longevity society” vision. The potential synergies between rehabilitation day services and rental of elder care products also warrant monitoring.

• Net assets for the H1 FY2026 interim period amounted to ¥5,586 million, a decrease from ¥7,599 million at the end of H2 FY2025.
• Outstanding units at the end of the interim period were 2,055 thousand, down from 2,805 thousand at the previous period-end.
• During the interim period, 500 thousand units were created, while 1,250 thousand units were redeemed.
• The net asset value per 100 units increased to ¥271,854 in H1 FY2026, up from ¥270,914 in H2 FY2025.
• Operating profit for the interim period (November 16, 2025 to May 15, 2026) resulted in a loss of ¥5,535,247.

NZAM DAXH’s H1 FY2026 interim results show a decrease in both net assets and outstanding units, primarily driven by redemptions exceeding creations. However, the net asset value per 100 units has increased, suggesting an appreciation in the value of individual units. The reported operating loss for the period may indicate impacts from operational expenses or foreign exchange differences, which investors may find worth monitoring in future reports.

• NZAM US Treasury 7-10 Year (Hedged) (Code: 2090) announced its financial results for the May 2026 fiscal period (November 16, 2025 – May 15, 2026).
• Net assets at the end of the current period amounted to ¥2,412 million, an increase from ¥1,799 million at the end of the previous period (November 2025).
• Outstanding units at the end of the current period were 552 thousand units, up from 396 thousand units at the end of the previous period.
• The distribution per unit was ¥67.9 (per trading unit), which is a decrease compared to ¥72.7 in the previous period.
• The net asset value per 100 units was ¥437,100, a decrease from ¥454,471 in the previous period.
• The trading unit was changed from 10 units to 1 unit on February 14, 2026.

The increase in net assets and outstanding units for this fund suggests potential capital inflows from investors. Conversely, the decrease in distribution per unit and net asset value per 100 units compared to the previous period indicates a shift in fund performance. The change in trading unit size could be interpreted as an effort to improve accessibility for individual investors.

• G-Perseus (Perseus Proteomics Inc.) announced on June 22, 2026, a correction to its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (Japanese GAAP)” initially disclosed on May 14, 2026.
• The corrections pertain to the “3. Financial Statements and Principal Notes (2) Statement of Income – Cost of Sales Statement” on page 8 and “3. Financial Statements and Principal Notes (4) Cash Flow Statement” on page 11 of the attached document.
• In the Cost of Sales Statement, “Cost of Products Manufactured during the Period” for the fiscal year from April 1, 2025, to March 31, 2026, was corrected from “¥0 thousand” to “¥16,554 thousand”.
• In the Cash Flow Statement for the same fiscal year, “Payments for acquisition of tangible fixed assets” were corrected from “△¥9,494 thousand” to “△¥9,264 thousand”, and “Payments for acquisition of intangible fixed assets” were corrected from “¥0 thousand” to “△¥680 thousand”.
• The company stated that these corrections have no impact on its profit and loss.

This correction addresses specific numerical discrepancies in the financial report, with no stated impact on the company’s profit or loss. Investors may view this as an enhancement of data accuracy and a commitment to transparent financial reporting. While the direct financial implications are absent, the nature of these corrections in detailed line items could lead stakeholders to monitor the company’s internal control processes for future disclosures.

• G-HANATOUR released “Frequently Asked Questions and Answers” regarding its FY2026 1st Quarter financial results on June 22, 2026.
• In the travel business, despite impacts from China’s travel restrictions and the Middle East situation, strong demand from South Korea and Southeast Asia led to profits exceeding the previous year.
• The hotel business reported that RevPAR for all hotels surpassed the previous year, resulting in increased sales and profits, with segment profit reaching a record high.
• The bus business experienced revenue and profit decreases year-on-year due to reduced demand from the Chinese market and intensified price competition, though transportation services for airline crews and semiconductor-related construction remained strong.
• The Phase 1 launch timing for the new system, aimed at strengthening FIT (Free Independent Traveler) response, is being reevaluated from the original plan to implement functional improvements.
• For shareholder returns, the company plans a dividend payout ratio of around 40%, with a target of JPY 42 per share for FY2026, JPY 44 or more for FY2207, and JPY 46 or more for FY2028, indicating a sustainable dividend increase plan.

The IR information from G-HANATOUR highlights the varying performances across its business segments amidst external uncertainties. While the travel and hotel segments show resilience, the bus segment’s challenges due to the Chinese market might be worth monitoring for portfolio diversification. The revised launch schedule for the new system could be interpreted as a commitment to delivering a more robust solution, and its long-term impact on the company’s competitiveness and profitability will be an important factor for investors to observe.

• Suzuden Co., Ltd. has announced a correction to a portion of the attached materials for its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (Japanese GAAP)” originally published on May 7, 2026.
• The correction resulted from a re-evaluation of the calculation method for segment assets during the financial closing process for the consolidated fiscal year (April 1, 2025, to March 31, 2026).
• Specifically, segment assets for the “Electrical and Electronic Components Sales Business” were revised from 27,835,390 thousand yen to 27,750,642 thousand yen, and for the “Manufacturing Business” from 516,246 thousand yen to 600,995 thousand yen.
• This adjustment pertains to the breakdown of segment-specific assets for the current consolidated fiscal year and does not affect the total consolidated asset amount of 28,351,637 thousand yen.
• The company stated that the impact of this correction on the overall consolidated financial figures for the current fiscal year is minor.

• KeyHolder announced an update to its shareholder benefit “live ticket lottery” program, confirming partial artist information as per its February 13, 2026, announcement regarding the continuation and partial addition to its shareholder benefit program.
• Shareholders holding 100 shares (1 unit) or more as of June 30, 2026, are eligible, and up to two attendees can be designated for the live event tickets.
• Confirmed performances include “Nogizaka46 Summer National Tour 2026” (August 20-23, Tokyo/Meiji Jingu Stadium, 25 tickets per day, 100 total) and “Novelbright HALL&ARENA TOUR 2026 〜PYRAMID〜” (October 7-8, Kanagawa/Pia Arena MM, 50 tickets per day, 100 total). SKE48 content is currently under adjustment.
• The number of lottery entries varies by the number of shares held, ranging from 1 entry for 100-999 shares to 40 entries for 10,000 shares or more.
• Due to the short application period for the Nogizaka46 performance, an inquiry service for shareholder numbers via email will be available from July 13, 2026.

This announcement provides specific details regarding the live ticket lottery, which is a key component of KeyHolder’s shareholder benefits, potentially increasing its attractiveness to investors. The inclusion of popular artists could enhance the perceived value of the shareholder benefit. The company’s provision for early shareholder number inquiries in response to a shortened application period may be seen as a measure to improve convenience for shareholders.

• G-Digitalift Co., Ltd. has resolved and decided on changes (expansion) to its shareholder benefit program.
• The revised shareholder benefit program will be applied starting from the record date of September 30, 2026.
• A new category for shareholders holding “300 shares (3 units) or more and less than 500 shares” has been established, offering a digital gift worth ¥12,000.
• The digital gift points for shareholders holding “500 shares (5 units) or more” will be increased from ¥20,000 to ¥24,000.
• The digital gift can be exchanged for various options, including Amazon Gift Cards, PayPay Money Lite, and QUO Card Pay.

This expansion of the shareholder benefit program appears to aim at broadening the base of individual investors and encouraging long-term shareholding among existing shareholders. The introduction of a new category for 300 shares could potentially attract a wider range of investors. The increased benefit for shareholders holding 500 shares or more may indicate the company’s appreciation for continued support from its existing shareholder base.

• Nichiha announced on June 22, 2026, a partial correction to its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 [Japanese GAAP]” initially released on May 13, 2026.
• The reason for the correction was an error in the segment asset information within the segment information section of the financial results.
• The correction is limited to the segment information and does not affect the consolidated balance sheet, consolidated statement of income, or consolidated statement of cash flows.
• Specifically, segment assets for the “Exterior Materials Business” were corrected from 134,042 million yen to 137,799 million yen, and for “Other” from 6,013 million yen to 6,093 million yen.
• Consequently, the total segment assets changed from 140,056 million yen to 143,893 million yen, and the adjustment amount from 28,205 million yen to 24,368 million yen, while the consolidated financial statement recorded amount of segment assets remained unchanged at 168,261 million yen.

This correction, specifically to segment asset figures without impacting the core consolidated financial statements, is a notable point for investors. The revised segment asset allocation may offer a more precise understanding of the asset composition within each business segment. However, given that the overall consolidated figures remain unchanged, the direct impact on the company’s total financial position or operating performance appears to be limited.

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

• Ajinomoto Co., Inc. announced on June 22, 2026, that it has proposed to the Board of Directors of its consolidated subsidiary, Ajinomoto (Malaysia) Berhad (AMB), a plan for full acquisition.
• Ajinomoto currently holds 50.38% of AMB’s shares and proposes to implement a Selective Capital Reduction and repayment (SCR) under Malaysia’s Companies Act 2016.
• If the proposal is realized, minority shareholders of AMB will receive 20.0 Malaysian Ringgit (equivalent to 803 yen) per share as a capital repayment, resulting in AMB becoming a wholly-owned subsidiary of Ajinomoto and its delisting from the Main Market of Bursa Malaysia.
• The SCR targets 30,170,689 AMB shares not held by Ajinomoto, with the total capital repayment amounting to 603.4 million Ringgit (24.2 billion yen).
• The objective of the proposal is to further evolve AMB’s business operations through quick and flexible decision-making and to strengthen global business collaboration, thereby enhancing the sustainable corporate value of the Ajinomoto Group.

This full acquisition proposal suggests Ajinomoto’s strategic intent to deepen its integration with its Malaysian subsidiary, aiming for more agile decision-making and stronger global synergy within its seasoning and food business. The use of a Selective Capital Reduction could facilitate the consolidation process, potentially streamlining operations in a key growth market. Investors may wish to monitor how this move impacts Ajinomoto’s overall Southeast Asian strategy and its projected financial performance in the coming quarters.

• Asahi Co., Ltd. announced its consolidated financial results for the first quarter of the fiscal year ending February 2027 (February 21, 2026, to May 20, 2026).
• Net sales increased by 2.5% year-on-year to ¥27,786 million.
• Operating profit decreased by 5.3% to ¥3,097 million. Ordinary profit was down 7.8% to ¥3,138 million, and net income for the quarter decreased by 8.4% to ¥2,140 million.
• Total assets increased by 4.3% from the end of the previous fiscal year to ¥58,500 million. Net assets rose by 3.8% to ¥41,669 million, resulting in a healthy equity ratio of 71.2%.
• The full-year earnings forecast and annual dividend forecast for the fiscal year ending February 2027 remain unchanged.

While sales increased, the decline in profits suggests potential impacts from longer replacement cycles for high-priced products and increasing consumer frugality. The company’s focus on building a circular business model independent of new bike sales, deepening its OMO foundation, and strengthening CRM could be key factors to monitor for future earnings performance.

• Unosawa Gumi Iron Works Co., Ltd. announced that its parent company, Unosawa Corporation, has finalized its financial results for the fiscal year ended March 2026 (announced June 22, 2026).
• Unosawa Corporation holds 34.05% of Unosawa Gumi Iron Works’ voting rights as of March 31, 2026.
• Mr. Torao Unosawa, the Representative Director and President of Unosawa Corporation, also serves as the Representative Director and Chairman of Unosawa Gumi Iron Works.
• Unosawa Corporation’s business activities are “holding, managing, and investing in securities,” with a capital of 30 million yen.
• The main shareholders of Unosawa Corporation are Unozawa Scholarship Foundation (49.00%), Mominoki-no-kai (30.00%), and Torao Unosawa (19.00%).

This IR provides disclosure regarding the financial status and control structure of Unosawa Gumi Iron Works’ parent company. The clear presentation of the parent company’s financial results, key shareholder composition, and dual executive roles may enhance transparency regarding Unosawa Gumi Iron Works’ governance and capital structure. For investors, this information could be crucial for understanding potential indirect influences and the strategic background stemming from the parent company.

• Takada Kogyo Co., Ltd. announced the finalized financial results for its non-listed parent company (other related company), JGC Corporation, for the fiscal year ending March 31, 2026 (April 1, 2025, to March 31, 2026).
• The announcement includes JGC Corporation’s name, head office location, representative’s title and name, business description, and stated capital of JPY 1 billion.
• As of March 31, 2026, JGC Holdings Corporation is the sole major shareholder, owning 100.00% of JGC Corporation’s outstanding shares.
• JGC Corporation’s balance sheet as of March 31, 2026, and income statement for the fiscal year from April 1, 2025, to March 31, 2026, have been disclosed.

The disclosure of a non-listed parent company’s financial results by a listed subsidiary like Takada Kogyo can enhance transparency for the entire group. For investors, JGC Corporation’s financial status may provide valuable insights into Takada Kogyo’s business environment and the potential influence from its parent company. The fact that JGC Holdings Corporation holds 100% ownership could also be a point of interest for understanding the group’s governance structure.

• GL Techno Holdings released Q&A regarding its FY2026/3 financial results on June 22, 2026, pertaining to the earnings presentation materials disclosed on May 13, 2026.
• Consolidated results for FY2026/3 exceeded initial forecasts, primarily driven by strong performance in the Semiconductor and Analytical Instruments businesses. Factors included increased factory utilization due to robust order backlogs and a rapid recovery in order environment in the Semiconductor business, as well as solid sales of mass spectrometers and solid phase extraction devices due to expanded PFAS analysis demand in the Analytical Instruments business.
• In the Semiconductor business, full operation of the three production sites (Kitakata, Yamagata, and Vietnam) is projected to increase annual sales-based production capacity to approximately 1.3 times the FY2026/3 actual result of approximately 24 billion JPY.
• Construction of the new factory in Ninh Binh, Vietnam, is progressing on schedule for an early 2027 operation start, with no reported delays due to factors like the Middle East situation as of the current date.
• Demand for PFAS analysis in the Analytical Instruments business is expected to continue mid-to-long term, driven by the enforcement of amendments to domestic water quality standards and water supply law regulations on April 1, 2026.

The Q&A provides specific insights into GL Techno HD’s strong performance and growth strategies. The progress in capital investment for expanding semiconductor production capacity and the legally-backed sustained demand for PFAS-related analysis in the analytical instruments segment could bolster future revenue streams. The decision to maintain mid-term management plan targets, despite strong results, suggests a prudent management approach considering external geopolitical risks and market volatility.

• Kanadevia Co. announced on June 22, 2026, a “Correction (Correction of Numerical Data) to a part of ‘Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (Japanese GAAP)'”.
• The correction addresses an error found in the presentation of the “Consolidated Cash Flow Statement” within the “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026,” originally disclosed on May 12, 2026.
• The specific corrections are located in “3. Consolidated Financial Statements and Principal Notes (4) Consolidated Cash Flow Statement” on page 10 of the attached materials, pertaining to “Cash Flows from Investing Activities.”
• Specifically, the item “Expenditures from sale of shares of subsidiaries resulting in change in scope of consolidation” was divided into two items: “Income from sale of shares of subsidiaries resulting in change in scope of consolidation” and “Expenditures from sale of shares of subsidiaries resulting in change in scope of consolidation,” with corresponding numerical adjustments.
• For the current consolidated fiscal year (April 1, 2025 – March 31, 2026), the pre-correction “Expenditures from sale of shares of subsidiaries resulting in change in scope of consolidation” was “4,367 million yen”. Post-correction, this became “Income from sale of shares of subsidiaries resulting in change in scope of consolidation” of “5,025 million yen” and “Expenditures from sale of shares of subsidiaries resulting in change in scope of consolidation” of “△658 million yen”.
• The final total for “Cash Flows from Investing Activities” for the current consolidated fiscal year (April 1, 2025 – March 31, 2026) remains unchanged at “△48,035 million yen” before and after the correction.

The correction to the consolidated cash flow statement, specifically concerning investing activities, provides more granular detail on the company’s capital movements. The reclassification of subsidiary share sales into distinct income and expenditure categories could offer a clearer picture of the actual cash inflows and outflows from such transactions. Investors may note that despite these item-level adjustments, the overall figure for “Cash Flows from Investing Activities” remains consistent, suggesting a reallocation of previously reported figures rather than a change in the total cash impact from these activities.

• KiYo Bank announced on June 22, 2026, that its Board of Directors approved the merger of its consolidated subsidiaries, Kiyo Card Co., Ltd. and Kiyo Card DC Co., Ltd.
• The merger is scheduled to take effect on April 1, 2027, with Kiyo Card Co., Ltd. being the surviving company and Kiyo Card DC Co., Ltd. being the dissolved company in an absorption-type merger.
• The purpose of the merger is to consolidate management resources, streamline management systems, and enhance service capabilities in the card business through the integration of business foundations.
• The surviving company will retain the name “Kiyo Card Co., Ltd.” and aims to strengthen its card business foundation, primarily in the cashless payment sector.
• As both companies are 100% subsidiaries of KiYo Bank, no shares or monetary consideration will be exchanged as part of the merger.

This internal merger of card business subsidiaries within the KiYo Bank group appears to be a strategic move to enhance operational efficiency and strengthen its competitive position. The consolidation could indicate an effort to adapt to the growing cashless trend and improve value propositions for customers through integrated operations. While the immediate impact on consolidated earnings is stated as minor, its contribution to the long-term strengthening of the business foundation may be worth monitoring.

• Business Brain Ota Showa, Inc. announced on June 22, 2026, a partial correction to its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 [IFRS].”
• The reason for the correction was the discovery of aggregation errors in certain descriptions of the financial results released on May 14, 2026.
• The correction specifically pertains to the segment information for the “Previous Consolidated Fiscal Year (from April 1, 2024, to March 31, 2025)” on page 13 of the attached materials, under “3. Consolidated Financial Statements and Principal Notes (5) Notes to Consolidated Financial Statements (Segment Information, etc.).”
• Changes were made to “Segment Assets”: “Consulting & System Development” was corrected from ¥29,920,508 thousand to ¥29,452,783 thousand, “SES Co-creation Business” from ¥9,296,320 thousand to ¥10,209,634 thousand, and “BPO & Managed Services” from ¥9,597,583 thousand to ¥9,151,995 thousand.
• Consequently, the total “Segment Assets” was adjusted from ¥48,814,411 thousand to ¥48,814,412 thousand, and the “Adjustments” from △¥3,492,113 thousand to △¥3,492,114 thousand.

This correction primarily concerns internal aggregation errors in segment assets. Since no changes were made to key profit and loss items such as consolidated revenue and operating profit, the overall impact on the company’s performance is considered limited. Investors might want to monitor how these internal segment asset reallocations could potentially influence future segment strategies and capital allocation decisions.

• P-Answer HD resolved at its Board of Directors meeting on June 22, 2026, to acquire all shares of Dynary Co., Ltd., making it a wholly owned subsidiary.
• Dynary Co., Ltd., the target company, operates in human resources introduction, dispatch, and employment support services based in the Kitakyushu area.
• P-Answer HD aims to strengthen the collaboration between its real estate business and the human resources sector, seeking to achieve cross-selling of “housing provision” and “employment support.”
• The acquisition involves 300 shares (100% voting rights) at an acquisition price of 70,000 thousand yen for Dynary’s common stock, plus estimated incidental expenses of 3,300 thousand yen, totaling approximately 73,300 thousand yen.
• The share transfer execution date is scheduled for July 1, 2026.

P-Answer HD’s acquisition of Dynary, a human resources business, is notable as it aims to create new synergies with its existing real estate operations. This move could potentially expand the company’s business scope by providing employment support to housing purchasers and tenants, thereby stabilizing their livelihoods. The collaboration between these community-focused companies may offer an interesting dynamic for their future business developments.

• UNIVA・Oak Holdings resolved at its Board of Directors meeting on June 22, 2026, to acquire all shares (voting rights ratio 93.32%) of UNIVA Paycast Co., Ltd., making it a subsidiary.
• UNIVA Paycast is a FinTech company operating a cashless payment business, with an annual transaction volume of approximately 200 billion JPY and a merchant base of 58,000 stores (128.9% year-on-year).
• The acquisition is intended to contribute to the group growth strategy outlined in the 2nd Mid-Term Management Plan (three-year plan starting from March 2026), which aims to “expand business horizontally and deepen vertically.”
• UNIVA Paycast’s strengths include early adoption of overseas payment methods like Alipay and WeChat Pay, and a high-performance, in-house developed payment system.
• The stock acquisition is expected to generate synergy effects with UNIVA Gyron Co., Ltd.’s “digital marketing business” and UNIVA Securities Co., Ltd.’s “growth support business.”

This acquisition is a significant step for UNIVA・Oak in executing its 2nd Mid-Term Management Plan. Integrating a cashless payment business could create substantial synergies with existing digital marketing and financial services, potentially strengthening the group’s overall revenue base. The strategy to combine payment data with digital marketing and financial services may offer enhanced value to customers and could be a key driver for future business growth.

• G-IRIDGE Co., Ltd. announced corrections to its “Consolidated Financial Results for the fiscal year ended March 2026 (Japanese GAAP)” which was originally released on May 8, 2026.
• The reason for the correction was due to certain descriptions in the financial results requiring revision.
• The corrections primarily relate to the “Business Produce segment” sales, described on page 3 of the attached materials (“1. Overview of Operating Results (1) Overview of Current Period Operating Results”). The sales figure for this segment was revised from 1,845,822 thousand yen (up 10.4% year-on-year) to 1,714,532 thousand yen (up 2.5% year-on-year). The segment profit of 110,997 thousand yen (down 22.3% year-on-year) remained unchanged.
• Revisions were also made to the segment-specific sales, segment assets, depreciation expenses for other items, and content of Note 3 in the segment information on page 13 of the attached materials (“3. Consolidated Financial Statements and Principal Notes (5) Notes to Consolidated Financial Statements (Notes on Segment Information, etc.)”).
• These corrections have no impact on the company’s consolidated operating results or consolidated financial position.

This correction primarily concerns numerical adjustments within the “Business Produce segment” and associated changes in segment information, with no stated impact on the overall consolidated operating results or financial position. For investors, it is important to verify that these individual segment metric changes were handled appropriately as part of the company’s disclosure responsibilities and do not affect future business plans. Such corrections can be viewed as demonstrating a company’s commitment to accurate information disclosure.

• G-Waqoo held dialogues with institutional investors, asset management firms, and economic media following its Q2 FY2026 financial results announcement, from May 20, 2026, to June 19, 2026.
• Key discussion topics included “Q2 performance and outlook,” “Medical Support business growth,” “D2C business direction,” “SBC Medical Group relations,” “Intellectual property strategy,” “Financial and capital policy,” and “Growth drivers and mid-to-long-term outlook.”
• The primary reason for improved profit margins in the Medical Support business was attributed to its recurring revenue model, high value-add, and high marginal profit rate utilizing existing networks.
• The D2C business’s role has been redefined from growth investment to cash generation, with a focus on capital efficiency over sales volume.
• Investor interest has shifted from annual performance and advertising efficiency in the D2C business to the long-term growth potential and sustainability of the revenue base, primarily driven by the Medical Support business.

G-Waqoo’s investor dialogues highlight a strategic pivot towards its Medical Support business, which is presented as the primary driver for improved and sustainable profit margins. The redefinition of the D2C business’s role suggests a company-wide emphasis on capital efficiency. Investors appear to be increasingly focused on the mid-to-long-term growth narrative, particularly regarding synergies with SBC Medical Group and competitive advantages in the regenerative medicine sector.

• P-HOKUO GROUP announced a partial correction to its “Consolidated Financial Results for the Six Months Ended April 30, 2026 [Japanese GAAP]” initially disclosed on June 12, 2026.
• The reason for the correction was an error in the description of the adjustment for retirement benefit obligations.
• In the interim consolidated statement of comprehensive income, the “Adjustment for retirement benefit obligations” was corrected from ¥183 thousand (pre-correction) to △¥183 thousand (post-correction).
• Consequently, “Total other comprehensive income” was also revised from ¥183 thousand to △¥183 thousand.
• This led to a correction in “Interim comprehensive income” from ¥71,267 thousand (pre-correction) to ¥70,901 thousand (post-correction), with “Interim comprehensive income attributable to owners of the parent” also adjusted to the same amount.

This correction addresses an error in the sign of the adjustment for retirement benefit obligations in the company’s interim financial results for the fiscal year ending October 2026. While it impacts the total comprehensive income figure, the interim net profit remains unchanged. Investors may consider this correction to be a part of the standard disclosure process for ensuring accuracy in reported financial data, which is always worth monitoring for financial transparency.

• Tokyo Seikaku announced a correction to a portion of its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 [Japanese GAAP]”, originally published on May 14, 2026.
• The reason for the correction was an error identified in the aggregation of segment assets for each reporting segment.
• The correction applies to the segment information for the consolidated fiscal year from April 1, 2025, to March 31, 2026, specifically to the numerical values of segment assets and adjustments for each reporting segment.
• The sum of segment assets changed from 88,238 million yen to 88,240 million yen, and the adjustment amount changed from 833 million yen to 831 million yen.
• The final consolidated financial statement figures for segment assets (89,071 million yen), consolidated net sales (64,094 million yen), consolidated segment profit (4,849 million yen), and other items remain unchanged.

This correction addresses an aggregation error within the segment assets for specific reporting segments, without altering the overall consolidated financial statement totals. The enhanced accuracy in segment information may provide investors with a more precise view of the asset composition across different business segments. Investors can note that this correction does not impact the company’s overall financial performance or position as reported in the consolidated financial statements.

• Hirano Tecseed Co., Ltd. announced on June 22, 2026, 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 stated as the discovery of errors after the initial publication of the financial results.
• The corrections pertain to “Overview of Cash Flows for the Current Fiscal Year” on page 4 of the attached materials, and “Notes on Segment Information” within “Consolidated Financial Statements and Primary Notes” on pages 15-16.
• In “Overview of Cash Flows for the Current Fiscal Year,” the explanation for the main factors increasing cash flow from operating activities was revised. The corrected statement now reads: “sales receivables and contract assets decreased by 3,440 million yen, and advances paid decreased by 1,541 million yen.” The previous statement mentioned “sales receivables and contract assets decreased by 3,440 million yen, and advances received increased by 2,889 million yen, and advances paid increased by 1,541 million yen.”
• In “Notes on Segment Information,” the figures for “Increase in tangible fixed assets and intangible fixed assets” for the current consolidated fiscal year (April 1, 2025 – March 31, 2026) were corrected. Specifically, the total for reportable segments changed from 1,363,602 thousand yen to 1,370,147 thousand yen, Coating Machine Related Equipment from 1,013,453 thousand yen to 1,014,387 thousand yen, Chemical Machine Related Equipment from 286,757 thousand yen to 286,374 thousand yen, and Others from 65,391 thousand yen to 69,385 thousand yen.

This correction addresses identified descriptive and numerical errors in the previously released financial results, potentially affecting certain disclosed financial information. The revisions to the cash flow explanation and segment-specific fixed asset increases are points that investors may wish to review when evaluating the company’s financial position. It is advisable to consult the corrected financial statements for the detailed impact of these numerical adjustments.

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

• G-TORICO Co., Ltd. has corrected a portion of 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 is a re-evaluation of segment information, leading to a revision of reportable segment classifications.
• The company has transitioned from a single segment disclosure to two reportable segments: “Manga Business” and “Crypto Asset Business.”
• For the fiscal year ended March 31, 2026, the Manga Business reported net sales of 3,185,898 thousand yen and an operating loss of 65,406 thousand yen. The Crypto Asset Business reported net sales of 1,623 thousand yen and an operating loss of 2,381 thousand yen.
• The Crypto Asset Business was newly established in December 2025, and its asset value has gained importance, leading to its inclusion as a separate segment for the current consolidated fiscal year.

This correction provides enhanced transparency into G-TORICO’s business structure and the profitability of its individual operations. The establishment of the Crypto Asset Business as a distinct reportable segment could indicate a strategic focus on this area and its growing significance to the company’s overall portfolio. Investors may find this detailed segmentation useful for a more granular assessment of the company’s performance and future prospects across its diverse business lines.

• Double A Co., Ltd. released a Q&A summary regarding its Q1 FY2027 financial results on June 22, 2026.
• The company stated that the Q1 revenue and profit decline was factored into initial plans, including marketing strategy adjustments and TV CM expenses, and performance is generally on track.
• TV CMs for sneaker products have shown initial success in online sales for brand awareness and customer acquisition, positioned as a strategic investment for mid-to-long-term business growth.
• Key factors for anticipated profit growth in H2 include the seasonal sales increase of higher-priced items and the realization of effects from Q1 upfront investments (e.g., TV CMs).
• New brand-name stores were launched to display popular online products, offering kids’ and men’s sizes, targeting families in community-focused formats to expand customer reach.
• The company confirmed its policy to continue the shareholder benefit program without changes from the previous fiscal year.

Double A’s Q1 FY2027 Q&A session highlights a strategic focus on long-term growth over short-term fluctuations. Investments in TV CMs for sneakers and new store formats are positioned as strategic outlays to build future revenue foundations. Given the business’s tendency for profits to be concentrated in the second half, how these upfront investments translate into H2 performance will be a key area for investors to monitor. The company’s efforts to reach new customer segments and integrate online and physical retail channels could indicate a proactive approach to enhancing its market competitiveness.

• KYORITSU Co., Ltd. released supplementary financial materials for the fiscal year ended March 2026 on June 22, 2026.
• For the fiscal year ended March 2026, results were: net sales of ¥42,920 million (up 6.4% year-on-year), operating profit of ¥1,405 million (up 12.5%), and net profit attributable to parent company shareholders of ¥1,174 million (up 64.1%).
• Key factors contributing to the increase in operating profit include enhanced in-house production, expansion of new businesses (environmental and BPO businesses), and effects from M&A, with new group companies from M&A contributing ¥110 million.
• The consolidated earnings forecast for the fiscal year ending March 2027 anticipates net sales of ¥44,540 million (up 3.8% year-on-year), operating profit of ¥1,510 million (up 7.5%), and net profit attributable to parent company shareholders of ¥750 million (down 36.1%).
• In the sales promotion solutions business, one new A-size web offset press was introduced, bringing the group’s total ownership to 20 units.

The significant increases in net sales and operating profit for the fiscal year ended March 2026 appear to be driven by enhanced in-house production and business expansion through M&A. The substantial rise in net profit attributable to parent company shareholders is explicitly attributed to the recording of extraordinary gains from stock sales. The projected decrease in net profit for FY2027/3 could indicate a return to normalized earnings after the previous period’s special gains, with full-year contributions from acquired subsidiaries offsetting a conservative forecast for existing group companies.

• Gaiax Co., Ltd. resolved to abolish its existing shareholder benefit program at a Board of Directors meeting held on June 22, 2026.
• The shareholder benefit program will be discontinued after the final grant to shareholders recorded on the shareholder registry as of December 31, 2025.
• The reason for the abolition is that, following a review of shareholder returns, the company concluded that consolidating capital policy into dividends and share repurchases is more appropriate.
• The company established the shareholder benefit program on December 2, 2024, providing discount codes for its experience-sharing service “aini.”
• Gaiax stated its intention to continue enhancing shareholder returns, in conjunction with the “Announcement Regarding Decision on Matters Related to Share Repurchase” separately disclosed today.

Gaiax announced the discontinuation of its shareholder benefit program, signaling a strategic shift to consolidate shareholder returns primarily through dividends and share repurchases. This move could be interpreted as an effort to streamline and potentially optimize the company’s capital allocation strategy. Investors may want to monitor how this change in policy impacts future dividend payouts and share repurchase programs.

• Mitsubishi Chemical Group announced a partial correction to its “FY2026 March Earnings Report [IFRS] (Consolidated)” and “FY2026 March Earnings Presentation,” both originally published on May 13, 2026.
• The reason for the correction was an error in a portion of the “Profitability and Stability Indicator Trends” graph presented in the supplementary materials of the earnings report and on page 38 of the earnings presentation.
• The correction specifically addresses misrepresentations in the graph depicting EPS, ROIC, and ROE.
• There are no changes to the numerical data previously reported as a result of this correction.
• The corrected sections in the revised documents are highlighted with red frames.

This correction addresses an error in graphical representation within previously disclosed financial documents, underscoring the company’s commitment to accurate disclosure. As the numerical data remains unchanged, it suggests no direct impact on the company’s financial performance or outlook. Investors may find it prudent to review the corrected information to ensure their analysis is based on the most accurate available data.

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

• Orchestra Holdings announced a revision to its year-end dividend forecast for the fiscal year ending December 2026.
• The revised year-end dividend forecast is a total of ¥30.00 per share, consisting of an ordinary dividend of ¥25.00 and a commemorative dividend of ¥5.00. This is an increase from the previous forecast of ¥13.00.
• The commemorative dividend is being implemented to mark the 10th anniversary of the company’s listing on the Tokyo Stock Exchange.
• The shareholder benefit program will continue to offer a ¥15,000 digital gift once a year to shareholders holding 200 shares or more for at least one consecutive year, with December 31st as the record date.
• The first record date is scheduled for December 2026, and the next for December 2027. Eligibility for the December 2027 shareholder benefit requires continuous ownership of 200 shares or more for three consecutive record dates: December 2026, June 2027, and December 2027.

Orchestra Holdings’ latest announcement, revising its dividend forecast and confirming the continuation of its shareholder benefit program, may suggest a strong commitment to shareholder returns. The company’s policy of progressive dividends and the introduction of a commemorative dividend for its 10th anniversary could indicate an intention to enhance direct shareholder value. Furthermore, maintaining the shareholder benefit program to encourage long-term shareholding might aim to stabilize its investor base and foster sustained corporate value growth.

• ELECOM announced its decision to merge two wholly-owned consolidated subsidiaries, DX Antenna Corporation and Nihon Antenna Corporation.
• In this absorption-type merger, DX Antenna Corporation will be the surviving company, and Nihon Antenna Corporation will be the absorbed company.
• The effective date of the merger is scheduled for October 1, 2026.
• Upon the merger’s effective date, the surviving company, DX Antenna Corporation, will change its trade name to “Nihon DX Antenna Corporation.”
• The purpose of the merger is to integrate the management resources of both companies, which operate in the broadcast reception equipment business, to improve operational efficiency and enhance the overall corporate value of the group.

ELECOM’s announced merger of consolidated subsidiaries suggests a strategic move to optimize its internal business structure. This consolidation of resources in the broadcast reception equipment sector may lead to enhanced competitiveness and operational efficiencies within the group. The company appears to be aiming to strengthen its foundation in existing business areas and potentially improve the efficiency of future business developments.

• Nomura Sangyo resolved at its board meeting on June 22, 2026, to acquire all shares of Towa Gravure Printing Co., Ltd., making it a wholly-owned subsidiary.
• Towa Gravure Printing, founded in 1960, specializes in gravure printing, primarily for food packaging.
• The acquisition aims to internalize material-related functions within Nomura Sangyo Group’s packaging-related business, enhance business value, and build a sustainable growth foundation.
• Nomura Sangyo will acquire 60,000 shares, resulting in a 100.00% voting rights ownership post-acquisition.
• The scheduled share transfer execution date is November 1, 2026, and Towa Gravure Printing is expected to become a consolidated subsidiary from Nomura Sangyo’s October 2027 fiscal year.

This acquisition suggests Nomura Sangyo’s strategic move to strengthen its core “packaging-related business” by internalizing key functions. The integration of Towa Gravure Printing’s expertise in gravure printing may enhance value creation and improve operational efficiency across the group. Investors will likely be monitoring the forthcoming details regarding the impact on Nomura Sangyo’s consolidated financial performance.

• Kyoto Hotel Co., Ltd. announced the finalized financial results for the fiscal year ended March 2026 of its parent company, Hotel Okura Co., Ltd.
• As of March 31, 2026, Hotel Okura Co., Ltd.’s capital stock was ¥3,000 million, and Kyoto Hotel’s voting rights ownership ratio was 35.3%.
• According to Hotel Okura’s income statement for the fiscal year ended March 2026, sales were ¥7,464 million and operating profit was ¥2,333 million.
• For the same period, ordinary profit was ¥2,344 million, profit before income taxes was ¥5,904 million, and net profit was ¥5,233 million.
• The balance sheet as of March 31, 2026, showed total assets of ¥121,702 million, total liabilities of ¥56,917 million, and total net assets of ¥64,784 million.

This disclosure by listed subsidiary Kyoto Hotel provides investors with the financial information of its parent company. Trends in Hotel Okura’s sales and net profit could indirectly influence Kyoto Hotel’s business strategies and financial performance. The disclosed major shareholder structure and board composition of the parent company may also be noteworthy for understanding the overall group governance framework.