Japan Stock IR Daily – June 30, 2026 (44 reports)

• Ｇ－くすりの窓口 announced the financial results of its non-listed affiliate, EPARK Co., Ltd., for the fiscal year ended March 31, 2026.
• EPARK’s consolidated statement of income showed revenues of 21,906 million yen, operating profit of 2,463 million yen, ordinary profit of 3,357 million yen, and net profit of 8,252 million yen.
• Pre-tax net profit and net profit surpassed the previous fiscal year’s results, partly due to the sale of certain investment assets and monetization of investment projects.
• Ｇ－くすりの窓口 holds a 40.8% voting rights ownership in EPARK (as of March 31, 2026) and has a business relationship including royalty payments based on an official partnership agreement for the “EPARK Kusuri no Madoguchi” prescription online reception service.
• EPARK’s consolidated balance sheet (as of March 31, 2026) reported total assets of 33,250 million yen, total liabilities of 23,518 million yen, and total net assets of 9,732 million yen.

The robust performance of EPARK, a key business partner of Ｇ－くすりの窓口, could contribute to the stability of the latter’s prescription online reception service business. The fact that EPARK’s revenue largely comprises recurring subscription-based income may suggest a stable foundation for future royalty streams to Ｇ－くすりの窓口. Furthermore, the increase in profits from the sale of investment assets could indicate EPARK’s flexible financial strategy.

• Atmark Techno Co., Ltd. (Code: 588A) was listed on the Sapporo Stock Exchange Sapporo PRO Frontier Market on June 30, 2026.
• The performance forecast for the fiscal year ending July 2026 is: Net Sales ¥1,852 million (△0.5% YoY), Operating Profit ¥81 million (+25.2% YoY), Ordinary Profit ¥58 million (+15.0% YoY), and Net Profit ¥48 million (+29.2% YoY).
• For the interim period of FY2026 (August 1, 2025 – January 31, 2026), the company reported Net Sales of ¥930 million, Operating Profit of ¥53 million, Ordinary Profit of ¥43 million, and Net Profit of ¥31 million.
• A stock split was conducted on April 4, 2026, at a ratio of 10 shares for every 1 common share.
• The company operates in a single segment, “Embedded Platform Business,” offering CPU board products, IoT gateway products, and IoT device monitoring services (such as node-eye and Armadillo Twin).

S-Atmark Techno’s listing on the Sapporo PRO Frontier Market marks a significant step for the company’s business development. The announced FY2026 forecast indicates a slight decrease in net sales but double-digit growth in operating profit, ordinary profit, and net profit, which may suggest an improvement in profitability. Investors may want to monitor the company’s focus on IoT security and its strategies for navigating fluctuations in the semiconductor market, as these are critical factors for future growth.

• G-Nays (Code: 589A) was listed on the Tokyo Stock Exchange Growth Market on June 30, 2026.
• For the fiscal year ending August 2026 (forecast), the company expects non-consolidated net sales of ¥3,650 million (up 27.8% year-on-year), operating income of ¥610 million (up 95.3%), ordinary income of ¥680 million (up 89.5%), and net income of ¥440 million (up 76.8%).
• Actual results for the interim period of FY2026 (September 1, 2025, to February 28, 2026) were net sales of ¥1,690 million, operating income of ¥275 million, ordinary income of ¥311 million, and interim net income of ¥200 million.
• The company forecasts total membership of 55,000 by the end of FY2026 (up 23.3% year-on-year), comprising 16,500 members in directly managed gymnastics schools (up 9.6%) and 38,500 members in FC gymnastics schools (up 30.2%).
• In FY2026, ¥210 million in revenue is recorded from the conversion of six directly managed schools to FC加盟店 (franchise stores).

The listing on the TSE Growth Market may suggest the company’s intent to accelerate business expansion through capital markets. The disclosed earnings forecast indicates substantial growth in both revenue and profit, which appears to be driven by store network expansion and membership increases in both the gymnastics and developmental support businesses. Investors may want to monitor the progress of new store openings and the strategy of converting directly managed stores to franchise operations.

• P-Fuji Kosan Co., Ltd. was listed on the Tokyo Stock Exchange TOKYO PRO Market on June 30, 2026.
• For the fiscal year ending June 2026, the company forecasts sales of JPY 7,660 million (down 3.3% YoY) and operating income of JPY 425 million (up 11.5% YoY).
• Ordinary income is projected to be JPY 206 million (down 6.8% YoY), and net income is expected to be JPY 134 million (up 32.7% YoY).
• Earnings per share (EPS) are forecast at JPY 67.16, with a dividend per share of JPY 19.00.
• For the interim period of the fiscal year ending June 2026 (July 1, 2025 – December 31, 2025), sales were JPY 4,007 million, operating income was JPY 330 million, ordinary income was JPY 239 million, and interim net income was JPY 155 million.

Listing on the TOKYO PRO Market could enhance the company’s credibility and expand its fundraising options. The forecast for a significant increase in net income despite an anticipated decrease in sales may suggest improved operational efficiency or a successful review of the cost structure. The announcement of a dividend forecast also indicates a focus on shareholder returns, which could be a key point for investors to monitor.

• MAXIS NY Dow ETF (Code: 2241) released its financial results for the May 2026 fiscal period (November 27, 2025 – May 26, 2026) on June 30, 2026.
• Total net assets at the end of May 2026 were ¥4,070 million, an increase from ¥3,950 million at the end of November 2025.
• The number of outstanding units at the end of the current period was 4,567 thousand units.
• The net asset value per 100 units increased to ¥89,122 from ¥81,574 at the end of the previous period.
• A distribution of ¥43 per 10 units was announced for the period.

The MAXIS NY Dow ETF’s May 2026 financial results show an increase in net assets and net asset value per 100 units compared to the previous period. This performance may be influenced by movements in the Dow Jones Industrial Average (yen-converted basis), which is the fund’s underlying index. The announced distribution of ¥43 per 10 units provides an indication of the fund’s operational outcome for investors.

• MAXIS NY Dow Jones ETF (Hedged, 2242) announced its financial results for the period ending May 2026 (November 27, 2025, to May 26, 2026).
• As of May 26, 2026, net assets totaled ¥12,960 million, compared to ¥4,004 million in November 2025.
• The NAV per 10 units stood at ¥65,237 as of the end of the period, up from ¥61,724 in November 2025.
• The distribution per 10 units for the period was ¥22, a decrease from ¥44 in November 2025.
• The total number of outstanding units at the end of the period was 19,866 thousand units, significantly up from 6,487 thousand units in November 2025.

The substantial increase in net assets and outstanding units suggests significant capital inflows into the fund during the period. Conversely, the distribution per 10 units decreased compared to the previous period, which might indicate shifts in the fund’s distribution policy or underlying market conditions. The rise in NAV per 10 units likely reflects the performance of its benchmark, the Dow Jones Industrial Average, and the impact of its currency hedging strategy.

• Ichiken announced on June 30, 2026, the finalized financial results of its parent company, Maruhan Co., Ltd.
• Maruhan holds 40.22% of Ichiken’s voting rights as of March 31, 2026, has one Ichiken outside director concurrently serving, and is involved in construction work transactions.
• Maruhan’s headquarters are located in Kyoto, Japan, its representative director is Chairman Chang-Woo Han, its business is general leisure facility operation, and its capital is 10,000 million yen.
• As of March 31, 2026, Maruhan’s common stock ownership is distributed with individuals and others holding 83.82%, other corporations 13.56%, and financial institutions 2.62%.
• The top 10 major shareholders of Maruhan include A.Z. International Co., Ltd. (1,704 thousand shares, 11.59% of total outstanding shares) and members of the Han family.
• Maruhan’s executive board consists of six male and one female director, including Chairman Chang-Woo Han, Vice Chairman Sang-Ja Han, and Representative Director (East Japan Company President) Yu Han, with several holding company shares.

This IR disclosure by Ichiken regarding its parent company Maruhan’s financial results aims to enhance transparency into the parent company’s governance and financial status. The detailed information on Maruhan’s shareholding structure and executive board provides investors with crucial insights into the extent of the parent company’s influence on Ichiken’s corporate governance. Investors may find it beneficial to continuously monitor the relationship between the parent and subsidiary, as well as their respective business operations.

• Data Applications assessed its FY2026/3 financial results as largely on plan for the entire group, despite being a transitional period to a four-company group structure.
• The AI business achieved profitability on an operating income basis, excluding goodwill amortization, indicating improved profitability and a turnaround to black.
• Q4 FY2026/3 package sales were lower compared to the same quarter in previous years, which was attributed to the company’s strong push towards a subscription model.
• The company decided on a 100% total shareholder return policy, stating it aims to accelerate management conscious of capital efficiency (e.g., ROE) and cost of capital, while ensuring future growth investments and maximizing flexible shareholder returns.
• The revenue target of JPY 5 billion for FY2027/3 represents a challenging goal to completely shift from the traditional one-off sales model to an entirely subscription-based model.

Data Applications’ announcement reflects a strategic transition period, where its overall performance aligned with plans during a group restructuring, and the AI business achieved profitability. This suggests a positive trajectory for future earnings improvement. The company’s commitment to fully converting to a subscription-based model for FY2027/3 indicates a strong focus on building sustainable, recurring revenue streams, which is a key long-term growth driver. Furthermore, the 100% total shareholder return policy highlights a strong commitment to shareholder value, underscoring a management approach that prioritizes capital efficiency.

• Sanyo Shokai Co., Ltd. announced on June 30, 2026, that its Board of Directors resolved to change its dividend policy and revise its dividend forecast (increase) for the fiscal year ending February 2027.
• The company’s dividend policy for the current medium-term management plan period (FY2026-FY2028) has been changed from a Dividend on Equity (DOE) of 4% to a DOE of 5%.
• The year-end dividend forecast for the fiscal year ending February 2027 has been revised from the previous forecast of JPY 25.00 to JPY 36.00. The total annual dividend for the revised forecast is JPY 76.00.
• A stock split of 3 shares for every 1 ordinary share is scheduled to take effect on September 1, 2026. The revised year-end dividend of JPY 36.00 takes this stock split into account. Without considering the stock split, the year-end dividend for FY2027 would be JPY 108, and the total annual dividend would be JPY 184.

Sanyo Shokai’s decision to increase its DOE target for its dividend policy may suggest a commitment to enhancing sustainable shareholder returns and improving capital efficiency. The upward revision of the dividend forecast for the fiscal year ending February 2027, effectively an increase, could be viewed favorably by investors. The detailed presentation of dividend amounts, adjusted for the upcoming stock split, is worth monitoring for future investment considerations.

• Nippon Aqua Co., Ltd. announced that its unlisted parent company, Hinokiya Group Co., Ltd., has finalized its financial results for the fiscal year ending March 2026.
• Hinokiya Group changed its fiscal year-end from December 31st to March 31st annually, resulting in a 15-month reporting period for the current term (January 1, 2025, to March 31, 2026).
• For the 15-month period ending March 2026, Hinokiya Group reported net sales of 137,171 million JPY, operating income of 5,110 million JPY, ordinary income of 5,237 million JPY, and net income of 2,807 million JPY.
• As of March 31, 2026, Hinokiya Group’s total assets amounted to 72,831 million JPY, and net assets totaled 28,934 million JPY.
• Hinokiya Group holds a 54.95% voting rights ownership in Nippon Aqua (as of December 31, 2025), and Yamada Holdings Co., Ltd. is the sole major shareholder, holding 100.0% of Hinokiya Group’s shares.

Given the 15-month reporting period due to the fiscal year-end change, a direct comparison with previous 12-month periods is challenging, and the reported financial figures represent an extended operational period. For Nippon Aqua investors, the parent company’s financial health can indirectly influence Nippon Aqua’s business operations and future strategies. Close attention to related party loans and transactions within the group may offer insights into overall group cash flow and business practices.

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

• unbanked Co. Ltd. announced on June 30, 2026, a correction to a portion of its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 [Japanese GAAP]” initially disclosed on May 15, 2026.
• The reason for the correction was an error in the “Net income or net loss attributable to non-controlling interests” in the consolidated statement of income.
• The correction revises the “Net income attributable to parent company shareholders” for the fiscal year ended March 31, 2026, from ¥(3,998) million (pre-correction) to ¥(3,808) million (post-correction).
• Consequently, “Net income per share” was adjusted from ¥(339.01) to ¥(322.88), and “Return on equity (ROE)” from (95.3)% to (88.8)%.
• In the consolidated financial position, the “Equity ratio” changed from 10.6% to 11.3%, “Net assets per share” from ¥210.61 to ¥224.64, and “Equity (for reference)” from ¥2,856 million to ¥3,046 million.

This correction primarily relates to the accounting treatment of non-controlling interests, impacting “Net income attributable to parent company shareholders” and related per-share metrics, as well as the equity ratio in the consolidated statement of income. The revised figures indicate a reduced loss attributable to parent company shareholders compared to the original disclosure, alongside a slight improvement in the equity ratio. Investors may wish to review these adjustments to understand their implications for the company’s financial health and profitability assessments.

• Kuraudia Holdings reported consolidated net sales of ¥11,148 million for the third quarter of the fiscal year ending August 2026 (September 1, 2025 – May 31, 2026), marking a 3.5% increase year-over-year.
• During the same period, operating profit grew 55.5% to ¥1,142 million, ordinary profit rose 60.0% to ¥1,185 million, and net profit attributable to parent company shareholders increased 46.3% to ¥928 million.
• Basic earnings per share for the quarter reached ¥102.64, compared to ¥70.56 in the prior year’s third quarter.
• The company newly opened “Tokyo Daijingu Daijingu Kaikan” in April 2026 after extensive renovations. In the wholesale business, the “KIYOKO HATA” brand participated for the first time in the official fashion show at “Barcelona Bridal Fashion Week.”
• The equity ratio improved to 36.2% (from 31.4% at the end of the previous fiscal year), with net assets increasing by ¥910 million to ¥4,878 million compared to the end of the previous fiscal year.

Kuraudia Holdings’ Q3 results demonstrate a significant improvement in profitability, alongside solid revenue growth. The strategic opening of new facilities and enhanced brand exposure in international markets appear to be contributing factors to this performance. The company’s explanation that increased revenue from high-margin costume handling and venue operation services did not proportionally increase cost of sales provides insight into the improved profit margins, which may be a key point for investors to monitor.

• For the fiscal year ended May 2026, net sales were ¥1,558 million, representing a 17.7% decrease compared to the previous fiscal year.
• Operating profit for the same period was ¥119 million (down 75.9% YoY), ordinary profit was ¥127 million (down 73.8% YoY), and net income was ¥85 million (down 72.4% YoY).
• The number of M&A consultants at the end of May 2026 was 49, an increase from 42 at the end of the previous fiscal year.
• The company forecasts for the fiscal year ending May 2027 include net sales of ¥2,093 million (up 34.4% YoY), operating profit of ¥306 million (up 155.5% YoY), and net income of ¥218 million (up 154.0% YoY).
• The year-end dividend for FY2026 May was ¥20.00, totaling ¥20.00 for the year. The forecast for FY2027 May annual dividend is ¥50.00.

G-Integroup’s FY2026 May results showed significant declines across all profit metrics, primarily attributed to a decrease in closing rates and average revenue per deal in the M&A market. However, the increase in M&A consultants could be viewed as an investment in future business expansion, and its impact on subsequent performance will be worth monitoring. The company’s strong forecast for FY2027 May suggests an anticipated recovery, making the effectiveness of its market strategies a key point of interest for investors.

• And St. HD announced its consolidated financial results for the first quarter of the fiscal year ending February 2027 (March 1, 2026, to May 31, 2026).
• Net sales reached ¥80,318 million, marking a 3.7% increase compared to the same period in the previous year.
• Operating profit was ¥7,875 million, a substantial increase of 40.5% year-on-year.
• Ordinary profit stood at ¥8,047 million, up 48.4% from the prior year’s first quarter.
• Net income attributable to owners of the parent decreased by 10.6% year-on-year, totaling ¥3,908 million.
• The full-year consolidated earnings forecast remains unchanged: Net Sales ¥314,000 million (+3.2% YoY), Operating Profit ¥17,200 million (+4.1% YoY), Ordinary Profit ¥17,200 million (+2.2% YoY), and Net Income Attributable to Parent Company Owners ¥10,500 million (+10.5% YoY).

And St. HD’s Q1 results indicate robust growth in top-line revenue and operating profits, suggesting operational efficiency and strong core business performance. However, the decline in net income attributable to owners of the parent merits closer examination to understand the underlying factors influencing the final profit figure. Investors may monitor how the company addresses this divergence and whether the unchanged full-year forecast can be achieved.

• Star Mica Holdings reported consolidated net sales of 43,421 million yen (up 28.8% year-on-year), operating profit of 6,809 million yen (up 69.5%), ordinary profit of 6,361 million yen (up 79.2%), and profit attributable to owners of parent of 4,356 million yen (up 79.2%) for the second quarter (interim period) of the fiscal year ending November 2026.
• These interim consolidated results mark record-high sales and profits for an interim consolidated accounting period.
• Interim net income per share was 128.11 yen (compared to 73.01 yen in the prior year’s interim period), and diluted interim net income per share was 127.06 yen (compared to 72.39 yen).
• The forecast for the annual dividend remains unchanged from the most recently published forecast, with an interim dividend of 25.50 yen and a year-end dividend of 25.50 yen, totaling 51.00 yen (compared to 37.00 yen in the prior year).
• The full-year consolidated earnings forecast for the fiscal year ending November 2026 is maintained at net sales of 89,168 million yen, operating profit of 10,449 million yen, ordinary profit of 8,771 million yen, profit attributable to owners of parent of 6,030 million yen, and net income per share of 167.62 yen.

Star Mica Holdings’ interim results show significant increases in sales and all profit metrics, reaching record highs. This performance appears to be driven by robust purchasing and sales activities within its renovation condominium business. While the full-year forecast remains unchanged, the strong interim progress will likely be a key focus for the market as it monitors the company’s future trajectory.

• J. Front Retailing Co., Ltd. has announced its consolidated financial results for the first quarter of the fiscal year ending February 2027 (March 1, 2026 to May 31, 2026).
• Total revenue increased by 3.3% year-on-year to 317,574 million yen.
• Revenue decreased by 3.9% year-on-year to 106,435 million yen. This was primarily attributed to a reaction decrease from large orders related to interior and facility work in the Developer business in the prior year.
• Operating profit ( 事業利益 ) increased by 1.7% year-on-year to 14,114 million yen, while operating profit ( 営業利益 ) decreased by 11.7% year-on-year to 14,122 million yen.
• Quarterly profit attributable to owners of the parent decreased by 7.5% year-on-year to 9,697 million yen.

J. Front Retailing’s Q1 results show a mixed performance, with total revenue and operating profit (事業利益) increasing, while overall revenue, operating profit (営業利益), and profit attributable to owners of the parent declined due to a strong prior year in the Developer business. The steady increase in gross profit from the Department Store, SC, and Payment & Finance businesses appears to have supported the increase in operating profit (事業利益). Investors may want to monitor the performance of the Developer business and the ongoing initiatives to deepen retail operations and evolve group synergies, which could be crucial for achieving the full-year forecasts.

• Technoalpha announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending November 2026.
• Net sales for the interim period were ¥1,874 million, representing a 12.3% increase year-over-year.
• Operating profit was ¥83 million (down 8.6% YoY), ordinary profit was ¥82 million (down 16.0% YoY), and net profit attributable to parent company shareholders was ¥55 million (down 17.1% YoY).
• By segment: Electronics business sales were ¥1,261 million (up 21.0%) with operating profit of ¥102 million (up 0.9%). Marine & Environmental Equipment business sales were ¥208 million (up 31.4%) with operating profit of ¥19 million (up 40.9%). SI business sales were ¥380 million (down 11.4%) with operating profit of ¥65 million (up 5.6%). Science business sales were ¥24 million (down 38.5%) with an operating loss of ¥18 million.
• The full-year consolidated earnings forecast has not been disclosed due to difficulties in reasonable calculation at this time.

Technoalpha’s interim results show a revenue increase but a decline in key profit metrics, which may suggest a mixed performance across its business segments. The expansion of the operating loss in the Science business segment could be a factor impacting overall profitability. Investors might want to monitor future disclosures regarding the full-year outlook and segment-specific strategies.

• GA technologies Co., Ltd. has completed the acquisition of all shares of SPC Securities Co., Ltd. and its wholly-owned subsidiary, SPC Asset Management Co., Ltd., making them consolidated subsidiaries.
• SPC Securities Co., Ltd.’s business activities include mediation and private placement of securities, financial advisory services, fund arrangement services, and asset management services.
• SPC Asset Management Co., Ltd.’s business activities include real estate fund management, solution services, and brokerage/intermediary services.
• The number of acquired shares is 2,500,000 common shares, resulting in a 100.0% ownership ratio post-acquisition.
• The finalized acquisition price is 4,478 million JPY for SPC Securities common shares, plus approximately 50 million JPY for advisory fees, totaling an estimated 4,528 million JPY. This amount reflects a price adjustment from the previously disclosed 5,000 million JPY.
• SPC Securities will become a consolidated subsidiary of GA technologies from the third quarter of the fiscal year ending October 2026.

This announcement confirms the successful completion of GA technologies’ previously disclosed plan to acquire SPC Securities. The integration of SPC Securities and SPC Asset Management suggests a strategic move by GA technologies to expand its offerings beyond real estate technology into securities and asset management. Investors may view this development as a tangible step towards the company’s broader strategy of combining real estate with financial services.

• MARION Co., Ltd. has revised its full-year earnings forecast upward for the fiscal year ending September 30, 2026 (October 1, 2025 – September 30, 2026).
• Revised figures include Net Sales from ¥2,600 million to ¥2,650 million, Operating Profit from ¥630 million to ¥650 million, Ordinary Profit from ¥400 million to ¥410 million, and Net Profit from ¥240 million to ¥280 million.
• Earnings per share (EPS) have been revised from ¥30.62 to ¥34.95.
• The upward revision is attributed to better-than-expected progress in the real estate leasing and real estate sales businesses.
• The year-end dividend forecast for FY2026 has also been revised, increasing from ¥6.40 per share to ¥7.00 per share, which includes a special dividend of ¥0.60. The special dividend reflects the company’s comprehensive consideration of its current fiscal year performance and financial condition.

This announcement highlights MARION’s upward revision of its full-year earnings forecast for FY2026, indicating stronger performance across key profit metrics than previously anticipated. The significant increase in net profit, alongside the decision to enhance shareholder returns through a special dividend, may be viewed positively by investors. This suggests the company’s real estate segments are performing robustly, potentially signaling a stable financial outlook.

• G-KAYAC Co., Ltd. resolved to acquire all shares of Brain Service Co., Ltd. and make it a subsidiary at a Board of Directors meeting held on June 30, 2026.
• Brain Service Co., Ltd. holds seven subsidiaries, including Brain Co., Ltd. and Sanshusha Co., Ltd., which are expected to become G-KAYAC’s consolidated sub-subsidiaries.
• G-KAYAC will acquire a total of 70 thousand shares (100%) of Brain Service, consisting of 58 thousand shares from existing shareholders and 12 thousand shares acquired from existing shareholders by G-KAYAC’s representative directors using G-KAYAC shares as consideration, which G-KAYAC will then acquire.
• The share acquisition date is July 22, 2026, with an acquisition cost of 1,314,390 thousand JPY for Brain Service common shares and 5,000 thousand JPY for advisory fees, totaling 1,319,390 thousand JPY.
• The Brain Service Group’s main operating companies are Brain Co., Ltd. in the tourism/inbound sector and Sanshusha Co., Ltd. in language publishing.

This acquisition aligns with G-KAYAC’s stated mid-term growth strategy of strengthening its group structure through M&A. The move into inbound tourism DX services and Japanese language learning support, leveraging the acquired entities, may suggest an intentional pivot towards addressing the growing demand from foreign visitors and residents in Japan. Investors might monitor how these new business pillars integrate with G-KAYAC’s existing digital and regional initiatives, potentially creating new revenue streams and synergies.

• PCI Holdings, Inc. signed an absorption merger agreement with its wholly-owned subsidiary, PCI Solutions, Inc., on June 30, 2026.
• The effective date for this merger is scheduled for October 1, 2026.
• The merger qualifies as a simplified absorption merger for PCI Holdings under Article 796, Paragraph 2 of the Companies Act, and a short-form merger for PCI Solutions under Article 784, Paragraph 1, thus foregoing the need for shareholder approval from either company.
• Following the merger, PCI Holdings plans to change its trade name to “PCI Solutions, Inc.” and transition from a pure holding company to an operating holding company engaged in information service businesses.
• The company has stated that this merger with a 100% owned consolidated subsidiary will have a minor impact on its consolidated financial results.

This merger suggests PCI Holdings is moving to streamline its group management structure and transition into an operating holding company by absorbing its operating subsidiary. This strategic shift could aim to enhance management efficiency and expedite decision-making processes. The planned name change also appears to be an effort to align the company’s identity with its new operational structure and brand image.

• Hybrid Technologies Co., Ltd. has corrected parts of its disclosure “Notice of Absorption-type Merger of a Wholly-owned Subsidiary (Simplified Merger/Short-form Merger)” originally announced on June 15, 2026.
• The corrections relate to the overview of MCP35 Co., Ltd., the absorbed company, specifically its “Fiscal year-end” and “Financial condition and operating results for the most recent fiscal year.”
• The “Fiscal year-end” was initially stated as March 31 and the most recent fiscal year-end for financial results as “March 2025,” which have been corrected to “January 31” and “January 2026,” respectively.
• The financial figures for the most recent fiscal year have also been revised; for instance, the net profit for the period was corrected from △2,051 thousand yen to 4,127 thousand yen.
• The note indicating that MCP35 Co., Ltd.’s financial figures for the most recent fiscal year have not been audited by an audit firm remains unchanged.

This correction indicates that there were errors in certain significant financial details related to the absorption-type merger of a wholly-owned subsidiary. The revision of the absorbed company’s fiscal year-end and its most recent financial performance could be a key factor in assessing the impact on the consolidated financial situation post-merger. Investors may need to re-evaluate the merger’s potential effects on corporate value based on these corrected financial details.

• G-One Career states it views the rise of AI as an “opportunity” rather than a threat, anticipating a bifurcation of the HR industry into “stagnating” and “growing” segments.
• Regarding the group-in of Kids Corporation, the transfer execution date is planned for July 31, 2026. The impact on the fiscal year ending December 2026 performance forecast is under review, with Kids Corp.’s standalone annual performance reported as approximately 2.6 billion JPY in net sales and 280 million JPY in operating income.
• The total amount of goodwill and intangible assets is estimated at approximately 700-800 million JPY, with an amortization period of over 10 years, pending auditor confirmation.
• The expansion into the blue-collar and essential worker sectors aims to leverage Kids Corp.’s nationwide school network to secure a member base in areas such as manufacturing, logistics, construction, and healthcare, positioning it as the first step in expanding the Total Addressable Market (TAM).
• The company stated that share buybacks could be an option when deemed conducive to maximizing TSR (Total Shareholder Return), considering factors like share price levels and cash reserves.
• As of the end of April 2026, the cumulative number of corporate clients exceeded 7,000, representing an increase of over 1,000 companies in less than six months since surpassing 6,000 at the end of November 2025.

G-One Career’s strategic positioning regarding AI and its proactive expansion into the blue-collar sector through the Kids Corp. acquisition appear to be key drivers for future growth. The company’s emphasis on TAM expansion suggests a focus on broadening its market reach, which could potentially unlock new revenue streams. While prioritizing growth investments, the acknowledgment of share buybacks as a potential option for shareholder returns may be viewed positively by investors seeking capital efficiency.

• G-NE announced the formal signing of a “Business Alliance Agreement” with Cafe24 Corp. on June 30, 2026.
• This agreement follows the “Memorandum of Understanding on Business Alliance” disclosed on April 17, 2026.
• The alliance aims to combine Cafe24’s global e-commerce platform strengths with G-NE’s EC backend operation automation capabilities to provide robust support for cross-border EC businesses.
• The terms of the alliance include supporting Cafe24 customers’ entry into the Japanese market, G-NE customers’ entry into the Korean and Asian markets, efforts towards system and data integration between both companies, and joint marketing activities.
• Cafe24 Corp., based in Seoul, South Korea, specializes in e-commerce solutions and global marketing, with NAVER Corporation as a major shareholder.
• G-NE stated that the impact of this alliance on the current fiscal year’s performance has already been factored into the earnings forecast published in the “Financial Results for the Fiscal Year Ended April 2026 (Non-consolidated) [Japanese GAAP]” on June 12, 2026.

The formalization of the business alliance between G-NE and Cafe24 Corp. is a notable development, highlighting G-NE’s strategic push to enhance its competitiveness in the global e-commerce market. This partnership, especially with Cafe24’s established presence in Korea, could significantly broaden G-NE’s reach in cross-border e-commerce by leveraging its strengths in EC backend operations. Investors may want to monitor how the expansion of sales channels into overseas markets and system integration, utilizing their respective customer bases, could create new business opportunities for both companies.

• Nxera Pharma Co., Ltd. has achieved its 4th research-stage milestone in its drug discovery collaboration with AbbVie Inc. for neurological diseases.
• This achievement results in Nxera Pharma receiving $10 million (approximately JPY 1,618 million).
• The majority of this $10 million will be recognized as revenue in 2026, with the remainder in 2027 and beyond.
• This milestone pertains to the identification of validated and differentiated hit molecules targeting neurological diseases.
• Since the collaboration’s inception, Nxera Pharma has achieved all four initially anticipated short-term R&D milestones, receiving a total of $40 million from AbbVie.
• Under the agreement, Nxera Pharma retains the right to receive up to $1.2 billion (approximately JPY 194.2 billion) in milestones, plus tiered royalties on global sales, contingent on option exercise and achievement of development and sales targets.
• The impact of this event on the consolidated financial results for the fiscal year ending December 2026 is already factored into the consolidated earnings forecast disclosed on February 13, 2026.

This milestone achievement provides a factual indication of progress in the research-stage pipeline within the AbbVie collaboration. The accomplishment of all four short-term R&D milestones may suggest the effectiveness of Nxera Pharma’s NxWave™ platform and the strength of the partnership. The potential for significant future milestones and royalties based on development and sales targets could be a notable aspect for investors to monitor, though it is important to note that the impact on the current fiscal year’s consolidated earnings forecast has already been incorporated.

• G-FINES (Fines Co., Ltd.) announced a correction to a portion of its “Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending June 30, 2026 (Japanese GAAP),” originally published on May 15, 2026.
• The reason for the correction was the discovery of errors in the accounting method for deferred tax assets and corporate tax adjustments.
• The revised consolidated net income attributable to owners of the parent for the third quarter of FY2026 (cumulative) changed from 43 million yen to 16 million yen.
• The revised total assets at the end of the third quarter of FY2026 changed from 3,486 million yen to 3,463 million yen, and net assets were corrected from 2,199 million yen to 2,172 million yen.
• Consequently, basic earnings per share for the quarter were also revised from 9.84 yen to 3.71 yen.

This correction primarily stems from accounting errors related to deferred tax assets and corporate tax adjustments, which impacted net income and total assets. Investors may find it worthwhile to examine the details of these revisions and their potential implications for the company’s reported financial health, as accounting accuracy is a key aspect of financial reporting.

• TONE Corporation has revised its consolidated earnings forecast upward for the fiscal year ending May 2026 (June 1, 2025, to May 31, 2026).
• The revised forecast includes net sales of 7,859 million yen (down 6.4% from previous forecast), operating profit of 1,363 million yen (up 18.5%), ordinary profit of 1,473 million yen (up 24.8%), and profit attributable to owners of parent of 1,089 million yen (up 36.1%).
• The increase in profit is attributed to strengthening sales of high value-added product groups and company-wide cost reduction efforts, despite a decrease in demand due to geopolitical risks and rising prices.
• The year-end dividend forecast for FY2026 has also been revised, increasing from the previously projected 9.00 yen to 13.00 yen, an increase of 4.00 yen.
• This dividend revision is in line with the upward revision of the full-year net profit forecast and the company’s policy of maintaining continuous and stable dividends in accordance with performance and strengthening its corporate structure.

TONE’s upward revision is notable as it shows a significant improvement in profit despite a projected decrease in net sales. This could indicate successful efforts in improving operational efficiency and increasing the value-add of its products. The increased dividend payout may also suggest a proactive stance on shareholder returns, which could be positively received by investors.

• Nisshinbo Holdings resolved to abolish its shareholder benefit program at the Board of Directors meeting held on June 30, 2026.
• The reason for the abolition is the cessation of production of nonwoven fabric-related products, which were provided as shareholder benefits, following the company’s withdrawal from the nonwoven fabric business in October 2025.
• The company stated that the current shareholder benefit program, primarily targeting individual shareholders residing in Japan, was abolished after careful consideration from the perspective of fair profit distribution to all shareholders and in light of the original purpose of the program’s introduction.
• The shareholder benefit program will be discontinued after the final implementation based on the record date of December 31, 2025, for individual shareholders residing in Japan holding 1,000 shares or more (dispatch of benefit products and donation to charities).
• Shareholder benefits for the record date of December 31, 2026, will not be implemented.

Nisshinbo Holdings’ decision to discontinue its shareholder benefit program is directly linked to its strategic withdrawal from the nonwoven fabric business, which supplied the benefit products. This move may suggest a shift towards a more unified approach to shareholder returns, independent of specific product lines. Investors, especially individual shareholders, may now focus on the company’s future dividend policy and other forms of capital allocation.

• Applics Co., Ltd. resolved to conclude a business alliance agreement with HUMANLIFE Co., Ltd. at its board meeting held on June 30, 2026.
• The alliance includes improving the efficiency of communication service operations, supplying Applics Group’s SIM bandwidth to HUMANLIFE’s owned SIM bank, exploring collaboration for overseas WiFi market expansion, sharing expertise through personnel exchange, and providing IaaS from Applics Group to HUMANLIFE’s AI data center business.
• The Applics Group, through its subsidiary SMC, operates communication services such as MVNE/MVNO, established a new “Integrated Solution Sales Division” in January 2026, and made Global Cast Co., Ltd. a subsidiary in April 2026.
• This matter was voluntarily disclosed as useful information, although it does not fall under the timely disclosure standards of the Tokyo Stock Exchange.
• While the impact on the company’s performance for the fiscal year ending December 2026 is considered minor, a contribution to mid- to long-term performance is anticipated.

G-APLIX’s announced business alliance with HUMANLIFE, a provider of cloud SIM-based pocket WiFi services, appears to be a strategic move to strengthen its communication service segment. This partnership extends beyond operational efficiencies to include concrete collaborations such as G-APLIX supplying SIMs to HUMANLIFE’s SIM bank and providing IaaS for HUMANLIFE’s AI data center business. The company’s recent internal reorganizations to bolster its communication business, followed by this external alliance, could indicate a focused effort towards expanding its business domains and enhancing profitability.

• ProShip Co., Ltd. announced on June 30, 2026, a partial correction to its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 [Japanese GAAP]” originally disclosed on May 15, 2026.
• The reason for the correction is an error in the aggregation of net changes in time deposits within the “Consolidated Cash Flow Status,” “Overview of Cash Flow for the Current Period,” and “Consolidated Cash Flow Statement.”
• As a result of the correction, “Cash Flows from Investing Activities” for the fiscal year ended March 2026 changed from △2,479 million yen to △2,679 million yen.
• The “Cash and Cash Equivalents at End of Period” for the same fiscal year was revised from 4,016 million yen to 3,816 million yen.
• In the “Overview of Cash Flow for the Current Period,” funds used in investing activities were corrected from 2,479 million yen to 2,679 million yen, and the net increase in time deposits was corrected from 2,000 million yen to 2,200 million yen.

This correction primarily impacts the investment activities section of the cash flow statement due to an aggregation error in time deposits, with no changes reported for operating or financing cash flows, or pre-tax net income. Investors may note the increase in cash outflow from investing activities, which subsequently led to a lower year-end cash and cash equivalents balance. Such adjustments can prompt scrutiny regarding internal controls and the accuracy of financial reporting, making future measures to prevent similar errors a point of interest for investors.

• OKWAVE, Inc. announced the completion of its acquisition of JINEN Co., Ltd. as a wholly-owned subsidiary, effective June 30, 2026.
• This acquisition was executed through a simple stock swap, initially disclosed on May 14, 2026.
• OKWAVE newly issued 769,500 shares to acquire 10,000 common shares of JINEN Co., Ltd., representing a 100% voting rights ownership.
• JINEN Co., Ltd. specializes in community formation consulting, community manager training, and DX support for community formation.
• The OKWAVE Group plans to integrate OKWAVE’s Q&A data, GRATICA’s gratitude/contribution data, and JINEN’s community design/operation expertise to advance its “co-creation community” support business.

This acquisition appears to be a strategic move by OKWAVE to solidify its “co-creation community business” as a core growth area. The integration of JINEN’s specialized expertise with OKWAVE’s existing data assets suggests a focus on synergy to expand SaaS operations and establish a recurring revenue model. While the impact on consolidated earnings is currently under review, this development could indicate the company’s commitment to new business foundations.

• eBASE Corporation completed the acquisition of 100% of the issued shares of KSP-SP Co., Ltd., making it a consolidated subsidiary as of June 30, 2026.
• Initially, eBASE planned to acquire 74.8% of KSP-SP’s shares based on a stock transfer agreement disclosed on April 28, 2026, but subsequent negotiations led to the acquisition of 100% of the shares.
• The acquisition aims to integrate eBASE’s “product detail data” with KSP-SP’s “POS data” to establish an advanced marketing analysis platform and develop a “next-generation data marketing business.”
• KSP-SP was established on March 3, 2003, with a capital of 41,725,000 yen. For the fiscal year ended February 2026, it reported sales of 532 million yen, operating profit of 54 million yen, and net income of 42 million yen.
• The financial results of KSP-SP are not included in eBASE’s consolidated earnings forecast for the fiscal year ending March 2027, announced on May 15, 2026, and the impact is expected to be minor.

This acquisition appears to position eBASE to leverage its strength in product detail data by integrating it with KSP-SP’s POS data, potentially enabling the provision of more sophisticated marketing analysis support services to client companies. This strategic move could facilitate new value creation, such as new product development support for consumer goods manufacturers and optimization of shelf layouts and product assortments for wholesalers and retailers. The promotion of cross-selling to both companies’ customer bases and the expansion into the next-generation data marketing business may contribute to the enhancement of the eBASE Group’s corporate value.

• Kohnan Shoji Co., Ltd. announced the signing of a capital and business alliance agreement with Valor Holdings Co., Ltd. on June 30, 2026.
• As part of the alliance, Kohnan Shoji will dispose of 719,400 treasury shares (2.07% of outstanding shares) to Valor Holdings via a third-party allotment at ¥4,170 per share, totaling approximately ¥3.0 billion.
• Kohnan Shoji also plans to acquire Valor Holdings’ common shares (approx. ¥3.0 billion) through ToSTNeT-1.
• The business alliance includes mutual supply of private brand (PB) products (food/pharmaceuticals from Valor HD to Kohnan Shoji; DIY/pet/gardening supplies from Kohnan Shoji to Valor HD), collaboration in market penetration focused on the Kansai and Kanto regions (including consideration of joint store openings), and joint research/knowledge sharing on logistics, store development, e-commerce operations, and human resource development.
• The approximately ¥2.99 billion raised from this treasury share disposition will be allocated to strategic investments aimed at strengthening business collaboration and accelerating growth among the three companies (Kohnan Shoji, Valor Holdings, and Arenza Holdings).

This alliance appears to be a strategic move by both companies to address intensified competition and evolving consumer behavior in the home center and supermarket sectors. The mutual supply of PB products and joint store developments could contribute to customer retention and supply chain efficiency, while synergies from the three-way collaboration including Arenza Holdings are anticipated. The progress and impact of these specific collaborations will be worth monitoring.

• Cerespo Co., Ltd. disclosed the financial information of its unlisted parent company, SMILE Co., Ltd., on June 30, 2026.
• As of March 31, 2026, SMILE Co., Ltd.’s balance sheet shows total assets of 313,703 thousand yen, total liabilities of 87,902 thousand yen, and total net assets of 225,801 thousand yen.
• For the fiscal year from April 1, 2025, to March 31, 2026, SMILE reported sales of 1,893 thousand yen, an operating loss of 17,974 thousand yen, ordinary income of 15,478 thousand yen, and net income of 15,362 thousand yen.
• SMILE Co., Ltd. has a capital of 100 thousand yen and operates in securities management, planning/sales/brokerage of daily goods and apparel.
• As of March 31, 2026, the major shareholders of SMILE are Hikaru Miki (67.5%), Tomone Miki (26.5%), and Kazune Miki (6.0%), collectively owning 100% of the outstanding shares.

The disclosure of an unlisted parent company’s financial results by a listed subsidiary aims to enhance overall group transparency. Information regarding the parent company’s financial health, business activities, and share ownership may be significant for investors when assessing the management stability and governance structure of Cerespo. While SMILE reported an operating loss, its ability to secure a net profit through non-operating income could indicate a particular aspect of its business model or financial strategy.

• Yoshinoya Holdings has decided to absorb its consolidated subsidiary, Riso Kankyo Co., Ltd., through a merger effective September 1, 2026.
• The merger aims to integrate Riso Kankyo, specializing in store equipment inspection, cleaning, and maintenance, into Yoshinoya HD’s Development Division to consolidate expertise and management resources.
• This merger qualifies as a simplified merger and a short-form merger under the Companies Act, thus not requiring shareholder approval.
• Yoshinoya HD will be the surviving company, and Riso Kankyo will be dissolved. There will be no allocation of shares or other monetary consideration as a result of this merger.
• As this is a merger with a wholly-owned subsidiary, there is no anticipated impact on Yoshinoya HD’s non-consolidated or consolidated financial performance.

This merger appears to be a strategic move aligned with Yoshinoya Holdings’ mid-term management plan, “Transformation and Growth,” focusing on “transformation of existing businesses and growth of new drivers.” The integration of Riso Kankyo is intended to enhance the efficiency of store maintenance operations and establish a more agile store maintenance management system, which could contribute to overall group operational efficiency and sustainable profitability. While there is no direct impact on consolidated performance at the time of the announcement due to it being a wholly-owned subsidiary, it may suggest a focus on internal optimization and long-term operational improvements.

• Barrow Holdings Co., Ltd. announced a 1-for-2 stock split of its common shares, with the record date set for September 30, 2026, and the effective date on October 1, 2026.
• Concurrently, the company will amend its Articles of Incorporation to increase the total number of authorized shares from 200,000,000 shares to 400,000,000 shares, effective October 1, 2026.
• The dividend forecast for the fiscal year ending March 2027 has been revised. The interim dividend forecast increased from 38 yen to 40 yen, and the year-end dividend forecast is set at 20 yen per share after the split (40 yen pre-split equivalent). This adjusts the pre-split equivalent annual dividend forecast from 76 yen to 80 yen.
• The shareholder benefit program will be partially revised, introducing a new tier for shareholders holding 100 shares to less than 200 shares after the stock split. The new program will apply to shareholders recorded as of March 31, 2027.
• The stock split will result in an increase of 59,386,199 shares (increase from issued shares after third-party allotment), bringing the total number of issued shares after the split to 118,772,398 shares.

This announcement suggests the company aims to broaden its investor base and enhance stock liquidity by lowering the investment per unit. Simultaneously, the effective dividend increase and expanded shareholder benefit program demonstrate a proactive stance towards shareholder returns. The introduction of a new shareholder benefit tier, allowing access to benefits with a smaller post-split investment, could be particularly appealing to new investors.

• Pickles Holdings Co., Ltd. announced its consolidated financial results for the first quarter of the fiscal year ending February 2027.
• Net sales amounted to 10,498 million JPY, representing a 4.9% decrease compared to the same period in the previous year.
• Operating income increased by 12.5% to 696 million JPY, ordinary income increased by 12.2% to 711 million JPY, and net income attributable to owners of parent increased by 11.6% to 473 million JPY.
• Basic earnings per share for the quarter were 37.82 JPY.
• Total assets stood at 30,929 million JPY, net assets at 20,301 million JPY, and the equity ratio was 64.5%.

While revenue declined in the first quarter, the growth in profitability across all income levels could suggest effective cost management and production efficiency initiatives. The report indicates that stable raw vegetable prices and optimized production systems contributed to the profit increase. This performance, despite external challenges such as consumer saving tendencies and decreased sales to convenience stores, may highlight the company’s operational resilience. Investors may find it worthwhile to monitor how these efficiency efforts evolve and impact future results.

• Yamaha Motor Co., Ltd. resolved on June 30, 2026, to absorb its wholly-owned subsidiary, Yamaha Motor Power Products Co., Ltd. (YMPC).
• The effective date of the merger is January 1, 2027.
• The merger will be conducted as an absorption-type merger with Yamaha Motor as the surviving company, and YMPC will be dissolved.
• Yamaha Motor plans to waive a portion of its short-term loan claims against YMPC, amounting to JPY 852 million (estimated), by the end of December 2026.
• The purpose of the merger is to optimally allocate YMPC’s management resources, including human resources, land, and facilities, across the entire group to strengthen core businesses like the motorcycle and marine businesses, and strategic businesses such as the Low Speed Mobility (LSM) business.

This merger appears to be a strategic move to optimize resource allocation within the Yamaha Motor Group, aligning with the business portfolio strategy outlined in its new medium-term management plan announced in February 2025. By integrating YMPC’s manufacturing functions, Yamaha Motor aims to enhance the flexibility of management resource deployment and strengthen its business competitiveness. The debt waiver is described as a measure to resolve impairment losses on intercompany shares prior to the merger, suggesting a comprehensive approach to the integration’s financial aspects.

• Okaya & Co., Ltd. announced its consolidated financial results for the first quarter of the fiscal year ending February 2027 (March 1, 2026 to May 31, 2026).
• Consolidated net sales amounted to ¥308.47 billion, an increase of 11.5% compared to the same period of the previous fiscal year.
• Operating profit was ¥11.92 billion (+20.1% YoY), ordinary profit was ¥13.37 billion (+19.8% YoY), and net profit attributable to parent company shareholders was ¥9.78 billion (+33.1% YoY).
• By segment, the Information & Electronics segment recorded net sales of ¥105.0 billion, up 24.8% YoY, and the Lifestyle Industry segment recorded net sales of ¥22.6 billion, up 16.1% YoY.
• The full-year consolidated earnings forecast and the annual dividend forecast (¥86 per share) remain unchanged from the most recently announced figures.

Okaya & Co.’s first quarter results show a general increase across net sales and all profit metrics compared to the prior year. The substantial increase in net profit attributable to parent company shareholders suggests positive contributions from specific sales growth drivers within each segment. The reaffirmation of the full-year earnings forecast may indicate that the company believes it is on track to meet its initial plans.

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

• Hiramatsu Co., Ltd. announced the finalization of financial results for its associated company, Maruhan Corporation.
• As of March 31, 2026, Maruhan Corporation’s primary business is the operation of comprehensive leisure facilities.
• The total voting rights ownership percentage of Maruhan’s closely related parties or consenting parties and its subsidiaries is 36.99%.
• One advisor of Hiramatsu serves as a non-executive director of Maruhan, and Hiramatsu receives consulting from Maruhan Pacific Club Investment Co., Ltd.
• Detailed information on Maruhan’s ownership status, top 10 major shareholders, and executive officers (6 males, 1 female, 14.3% female ratio) as of March 31, 2026, has been disclosed.

This IR provides detailed corporate information for Maruhan Corporation, an “associated company” of Hiramatsu. The disclosure of Maruhan’s business activities, capital, human, and transactional relationships with Hiramatsu, along with its shareholder structure and executive board, is considered significant for investors to understand the landscape of Hiramatsu’s affiliated entities. The fact that the Han family dominates Maruhan’s major shareholders and top voting rights holders, and a Hiramatsu advisor serves as a non-executive director of Maruhan, suggests a close relationship between the two companies.

• G-Logly announced corrections to its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 [Japanese GAAP]”, originally disclosed on May 15, 2026.
• The reason for the correction is the necessity to partially reverse dividends of ¥110 million received from consolidated subsidiary moto Inc. and reduce the book value of its shares.
• As a result of the correction, individual ordinary profit for the fiscal year ended March 2026 was revised from ¥38 million to △¥31 million, net profit from ¥25 million to △¥44 million, and EPS from ¥6.80 to △¥11.82.
• For the individual financial position, total assets for the fiscal year ended March 2026 were revised from ¥990 million to ¥919 million, net assets from ¥494 million to ¥423 million, and net assets per share from ¥129.997 to ¥111.37.
• The scheduled submission date for the Annual Securities Report was changed from June 25, 2026, to June 30, 2026.
• The absorption-type merger of moto Inc., previously disclosed as a significant subsequent event, was cancelled by a Board of Directors resolution on June 29, 2026.
• Related information regarding major customers was corrected, adding U-Sonar Corporation and TSP Corporation for FY2025/3, and U-Sonar Corporation for FY2026/3, as customers accounting for over 10% of sales.

These corrections, stemming from a change in the accounting treatment of dividends received from a consolidated subsidiary, impact the company’s individual financial performance and position. The shift from profit to loss in ordinary and net profit for individual results may alter perceptions of the company’s operational profitability. Furthermore, the cancellation of the absorption merger could have implications for the group’s future strategic direction and business restructuring plans.

• Asia Investment has disclosed the financial results for its non-listed parent company (other affiliated company), Governance Partners Inc., for the fiscal year ended March 2026.
• As of March 31, 2026, Governance Partners Inc. reported total assets of ¥519,111,452, with total liabilities and net assets also amounting to the same figure.
• The net income for the period from April 1, 2025, to March 31, 2026, was ¥9,627,718.
• The company’s primary business activity is the solicitation and management of investment limited partnerships, with ¥148,002,300 recorded in investment limited partnership operating income and ¥79,686,133 in investment limited partnership operating loss on its income statement.
• Of the 105 issued shares, Representative Director Shun Maruyama owns 69 shares (65.71%), and Director Kosuke Oda owns 36 shares (34.29%).

This IR provides detailed financial information on Governance Partners Inc., which is categorized as an “other affiliated company” of the listed firm Asia Investment. Such disclosures for non-listed entities, typically not consolidated, may offer investors a deeper understanding of the broader group’s financial landscape. The transparency regarding the company’s revenue structure, particularly from investment limited partnerships, and the breakdown of executive ownership, could be viewed as a positive step in enhancing corporate governance.

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

• G-Convano’s Board of Directors resolved on May 14, 2024, to partially amend the “Notice Regarding Change of Fiscal Year End and Partial Amendment to Articles of Incorporation.”
• As a result of this amendment, the “Change of Fiscal Year End” previously disclosed on April 30, 2024, has been canceled.
• Proposals related to the partial amendment of the Articles of Incorporation (such as changes to business objectives) will proceed as originally planned for submission to the 37th Ordinary General Meeting of Shareholders.
• The canceled change of fiscal year end had planned to shift the company’s fiscal year end from the traditional September 30 to March 31.
• Matters concerning the request for acquisition of shares under Article 181, Paragraph 2 of the Companies Act are no longer applicable due to the cancellation of the fiscal year end change.

This announcement indicates G-Convano’s decision to retract a previously stated plan regarding its fiscal year end. For investors, this means the company will continue to operate and report under its existing fiscal calendar, potentially avoiding any immediate adjustments to their financial analysis models. It suggests that the company may have re-evaluated the strategic benefits or logistical challenges associated with the proposed change, which is a point worth monitoring for future corporate strategy disclosures.

• Baby Calendar Co., Ltd. has submitted amended annual securities reports to the Kanto Local Finance Bureau and restated past financial statements and quarterly reports.
• The restatement is due to suspected fraudulent misappropriation of funds related to advertising revenue (YouTube/Google AdSense, etc.) by a former director and CFO. A special investigation committee determined the amount of revenue and cash misappropriated by the former CFO to be 9,263 thousand yen.
• Key amendments include corrections to sales, accounts receivable, allowance for doubtful accounts, and extraordinary losses related to the former CFO’s misappropriation, a review of the collectability of advertising revenue receivables, a review of accounting treatment for acquisition-related assets, and other accounting and presentation corrections identified during audit procedures.
• The amended reports cover the 34th fiscal year’s first quarter report, semi-annual report, and annual securities report for the period ending December 2024, as well as the 35th fiscal year’s semi-annual report for the period ending December 2025.
• The impact of the restatement on the full-year net income for the fiscal year ending December 2024 is a decrease of 32,729 thousand yen, changing from a pre-restatement profit of 17,186 thousand yen to a post-restatement loss of △15,543 thousand yen. Full-year operating profit for 2024 decreased by △7.5%, and ordinary profit by △8.1%.
• Based on the special investigation committee’s findings, the evaluation results of the 34th fiscal year’s internal control report were also amended, recognizing “material weaknesses to be disclosed” that are likely to significantly affect financial reporting.