Japan Stock IR Daily – July 03, 2026 (24 reports)

• G-INUNEKO SEIKATSU disclosed a summary of Q&A from its FY2026 full-year financial results announcement on July 3, 2026.
• The decline in recurring membership during Q4 FY2026 was attributed to a “strategic and temporary control of advertising spend” aimed at optimizing current-period profit, following a higher-than-expected new customer acquisition pace in Q3.
• The projected 5.6% decrease in net profit for FY2027 is explained as an accounting factor due to “normalization of tax burden (impact of deferred tax accounting),” rather than business deterioration.
• The company aims to establish a group of “over 50 veterinary hospitals nationwide” in the mid-to-long term, developing it into the second core business after D2C.
• The introduction and announcement of a shareholder benefit program are planned to take place within the current fiscal year (9th fiscal year).

The Q&A summary from G-INUNEKO SEIKATSU addresses key investor concerns regarding business metrics and financial forecasts by providing context and strategic rationale. The explanation that the membership decline was due to temporary ad control, with plans to resume ad spending, may suggest continuity in their growth strategy. Furthermore, clarifying that the projected net profit decrease is an accounting effect, coupled with a reported increase in pre-tax profit, could be viewed as indicating underlying business growth.

• Amiyaki Tei Co., Ltd. reported consolidated net sales of ¥9,888 million for the first quarter of the fiscal year ending March 2027, representing a 10.1% increase year-on-year.
• Operating profit was ¥511 million (up 1.2% YoY), and ordinary profit was ¥538 million (up 2.7% YoY).
• Net profit attributable to owners of parent reached ¥308 million, an increase of 13.1% compared to the same period last year.
• The total number of stores at the end of the quarter was 309, with 2 new openings, 4 renovations, and 3 closures.
• The full-year consolidated earnings forecast (net sales ¥41,100 million, net profit attributable to owners of parent ¥1,450 million) remains unchanged from the most recently announced figures.

Amiyaki Tei’s first-quarter results show growth across sales and profits, with net profit attributable to owners of parent achieving double-digit growth. This performance in a challenging cost environment for the restaurant industry may suggest that efforts to expand the store network and strengthen product offerings have contributed to sales growth. With the full-year forecast remaining unchanged, future developments will be worth monitoring.

• G-Ureru Net G announced the acquisition of Step y’s Inc., a company operating in the call center and Business Process Outsourcing (BPO) sectors.
• Step y’s Inc. reported recent sales of 300 million JPY for the fiscal year ending June 2024, with estimated post-acquisition earnings power of 70 million JPY for the fiscal year ending August 2025.
• Step y’s Inc. provides inbound/outbound call center services and BPO/back-office support, primarily to EC, mail-order, and B2B companies.
• The strategic significance of this M&A is to evolve G-Ureru Net G’s model towards maximizing Customer Lifetime Value (LTV), establishing an end-to-end system encompassing customer acquisition, order fulfillment, and customer support.
• Step y’s Inc. operates on a recurring revenue model based on long-term, continuous contracts, characterized by a low cancellation rate.

This acquisition of Step y’s Inc. appears to be a significant step in G-Ureru Net G’s strategy to evolve its business model towards LTV maximization. Integrating Step y’s Inc.’s stable recurring revenue streams and high-quality customer support capabilities is expected to strengthen the group’s overall service offerings and revenue base. Furthermore, the pursuit of synergy through cross-border EC collaboration and AI utilization could be a key factor in establishing a competitive advantage in the future.

• Birdman Inc. entered into an advisory service outsourcing agreement with Noah Kensetsu Co., Ltd. on July 3, 2026, regarding a storage battery plant business.
• Through this alliance, Birdman will engage in agency operations for approximately 25 extra-high voltage storage battery plant projects (totaling approximately 790MW, with around 21 projects being extra-high voltage class) held or managed by Noah Kensetsu. These operations include selecting and introducing development operators, and procuring and securing storage battery system components.
• Noah Kensetsu Co., Ltd. possesses numerous land rights, grid connection rights/IDs, and necessary permits for extra-high voltage storage battery plants.
• Birdman aims to eventually develop and own extra-high voltage storage battery plants as a development operator, after securing project funding.
• The impact of this business alliance on Birdman’s performance for the fiscal year ending June 2027 is projected to be minor.

This alliance indicates Birdman’s strategic entry into the extra-high voltage storage battery plant business, a key growth area for the company. By leveraging Noah Kensetsu’s extensive portfolio of rights and permits, Birdman could expand its presence in the large-scale grid-connected energy storage market. The stated intention to evolve from an agency role to a development operator in the future suggests a deeper commitment to and potential growth within this sector.

• Sanyodo Holdings Co., Ltd. announced the financial results for the fiscal year ended March 2026 of its non-listed parent company, Tohan Co., Ltd.
• According to Tohan’s non-consolidated balance sheet as of March 31, 2026, total current assets amounted to 208,937 million yen, a decrease from 228,233 million yen in the previous fiscal year (March 31, 2025).
• Total non-current assets increased to 102,249 million yen from 90,251 million yen in the previous fiscal year, with tangible fixed assets increasing from 43,355 million yen to 68,636 million yen.
• In the liabilities section, total current liabilities decreased to 205,581 million yen from 218,534 million yen in the previous fiscal year.
• Total non-current liabilities increased to 13,096 million yen from 6,207 million yen in the previous fiscal year, notably with long-term borrowings increasing from zero to 5,528 million yen and provision for losses on affiliated company operations increasing from 218 million yen to 1,840 million yen.

The disclosure of parent company Tohan’s financial results provides important context for shareholders of its listed subsidiary, Sanyodo HD, allowing for an assessment of the overall group’s financial health and business strategy. The decrease in current assets and increase in non-current assets, along with the shift from current to non-current liabilities, may suggest changes in Tohan’s asset structure and financing strategy. These shifts could indirectly influence Sanyodo HD’s business operations. Investors may wish to monitor how these financial movements will impact the future management of both Tohan and Sanyodo HD.

• Akatsukieazima Co., Ltd. announced its non-consolidated financial results for the third quarter of the fiscal year ending August 2026 (September 1, 2025, to May 31, 2026).
• For the nine-month period, net sales were ¥7,070 million (up 3.6% year-on-year), operating profit was ¥1,079 million (up 13.7%), and ordinary profit was ¥1,125 million (up 15.7%).
• Quarterly net profit reached ¥780 million (up 17.7% year-on-year), with basic earnings per share at ¥385.97.
• Total assets stood at ¥11,224 million, and net assets were ¥8,241 million, resulting in a healthy equity ratio of 73.4%.
• The full-year earnings forecast for fiscal year 2026 and the annual dividend forecast of ¥135.00 remain unrevised from the most recently published figures.

Akatsukieazima’s Q3 results indicate solid growth in both revenue and profits, with operating, ordinary, and net profits showing double-digit increases, which may suggest improved project profitability. The high equity ratio could be seen as an indicator of the company’s strong financial health. The reaffirmation of the full-year earnings forecast might imply that the company anticipates current trends to continue through the end of the fiscal year.

• Hiday Hidaka Co., Ltd. announced its non-consolidated financial results for the first quarter of the fiscal year ending February 2027 (March 1, 2026 – May 31, 2026).
• Net sales reached ¥16,994 million, marking an 11.4% increase compared to the same period of the previous year.
• Operating income was ¥2,114 million (up 13.0% year-on-year), ordinary income was ¥2,120 million (up 13.4% year-on-year), and net income for the quarter was ¥1,436 million (up 13.4% year-on-year).
• Diluted earnings per share for the quarter were ¥39.89.
• The full-year forecast for the fiscal year ending February 2027 remains unchanged, with projected net sales of ¥67,000 million (up 7.6% year-on-year) and net income of ¥4,500 million (down 4.9% year-on-year).
• In terms of store strategy, two new stores were opened (1 in Ibaraki, 1 in Tochigi) and two stores were closed, bringing the total number of directly managed stores to 472 as of the end of May.
• As part of the DX promotion strategy, touch-panel ordering systems have been expanded to approximately 90% (429 stores), self-checkout systems are operating in 21 stores, and serving robots are in operation in 71 stores.
• In April 2026, a wage increase of approximately 7.1%, combining base pay hikes and regular salary increases, was implemented, and starting salaries for new graduates were also raised.

Hiday Hidaka’s Q1 FY2027 results, showing double-digit growth in sales and various profit metrics, may suggest a robust performance. In a challenging restaurant industry environment marked by increasing costs, the company’s strategies, including new store openings combined with closures of unprofitable locations, DX initiatives for efficiency, and investments in human capital, could be contributing to the maintenance of profit margins. The unchanged full-year forecast indicates that the company believes it is on track to meet its initial projections.

• ASKUL Corporation reported consolidated results for the fiscal year ended May 2026 with net sales of ¥400,199 million (down 16.8% year-on-year), an operating loss of ¥17,445 million (compared to an operating income of ¥14,004 million in the prior year), an ordinary loss of ¥19,062 million (compared to an ordinary income of ¥13,816 million in the prior year), and a net loss attributable to owners of parent of ¥22,150 million (compared to a net income of ¥9,068 million in the prior year).
• The company recorded ¥1,269 million in depreciation of idled fixed assets as non-operating expenses, and ¥5,108 million in system disruption response costs and ¥4,823 million in impairment losses on goodwill and customer-related assets related to AP67 Co., Ltd. as extraordinary losses.
• The e-commerce segment reported net sales of ¥393,084 million (down 16.8% year-on-year) and an operating loss of ¥16,270 million (compared to an operating income of ¥14,255 million in the prior year).
• The year-end dividend for FY2026 is ¥10.00 per share (total annual dividend of ¥10.00), and the forecast for FY2027 annual dividend is ¥20.00 per share (¥10.00 interim, ¥10.00 year-end).
• The consolidated earnings forecast for FY2027 projects net sales of ¥490,000 million (up 22.4% year-on-year), an operating income of ¥7,000 million, an ordinary income of ¥6,300 million, and a net income attributable to owners of parent of ¥4,000 million.

The FY2026 results indicate that significant losses were primarily driven by one-time expenses related to a ransomware attack and impairment losses. The substantial recovery projected in the FY2027 forecast for sales and all profit metrics suggests that the company anticipates a return to normal operations without these specific costs. Investors may find it worthwhile to monitor the progress of business recovery plans and the execution of strategies aimed at achieving the goals of the medium-term management plan (FY2026-FY2029).

• Hanwa Homes announced its first consolidated financial results for Q1 FY2027, transitioning to consolidated quarterly financial statements from this period.
• For the period, consolidated revenue was ¥662 million, operating profit ¥17 million, ordinary profit ¥12 million, and net profit attributable to owners of the parent ¥16 million.
• Total assets amounted to ¥1,581 million, net assets to ¥250 million, and the equity ratio was 15.7%.
• Two new companies, Bridge Park Project Group Co., Ltd. and Braintrust Co., Ltd., were included in the scope of consolidation.
• The full-year consolidated performance forecast for FY2027 remains unchanged from the most recently announced forecast, projecting revenue of ¥2,592 million, operating profit of ¥79 million, ordinary profit of ¥75 million, and net profit attributable to owners of the parent of ¥39 million.

Hanwa Homes’ first consolidated results mark a significant shift in its reporting structure, incorporating new subsidiaries. The reported figures provide initial insights into the company’s performance under this new framework. The inclusion of new companies and their involvement in initiatives such as the Park-PFI project could suggest a strategic focus on expanding business domains and enhancing corporate value, which investors may monitor in future reports.

• Bike O & Company announced its consolidated financial results for the second quarter (interim) of the fiscal year ending November 2026.
• Interim net sales reached ¥19,595 million, marking a 4.9% increase compared to the previous interim period.
• Operating income for the interim period was ¥262 million, an 18.0% decrease year-over-year.
• Ordinary income was ¥433 million, a 0.3% increase from the previous interim period.
• Net income attributable to owners of the parent significantly increased by 83.0% to ¥339 million.
• Interim earnings per share were ¥23.77.
• The full-year consolidated earnings forecast remains unrevised, projecting net sales of ¥38,700 million (up 0.3% YoY), operating income of ¥710 million (up 21.2% YoY), ordinary income of ¥910 million (up 9.7% YoY), net income attributable to owners of the parent of ¥570 million (up 74.2% YoY), and earnings per share of ¥39.92.
• The interim dividend is maintained at ¥5.50, with a projected year-end dividend of ¥5.50, totaling ¥11.00 for the full year.

The significant increase in net income attributable to owners of the parent, despite a decrease in operating income, suggests a potential improvement in non-operating or extraordinary income components. The company’s decision to maintain its full-year earnings forecast could indicate confidence in achieving its initial annual targets. Investors might want to monitor the drivers behind the substantial interim net income growth in future disclosures.

• For the nine months ended May 31, 2026 (Q3 FY2026), consolidated sales revenue was ¥88,476 million, a 75.0% increase year-on-year.
• Operating profit for the same period was ¥8,202 million, a 12.5% decrease year-on-year.
• Ordinary profit amounted to ¥7,050 million, down 10.7% from the previous year’s corresponding period.
• Net profit attributable to owners of the parent company increased by 12.4% year-on-year to ¥4,555 million.
• The full-year consolidated earnings forecast (sales revenue ¥150,000 million, operating profit ¥26,500 million, ordinary profit ¥24,000 million, net profit attributable to owners of the parent ¥16,500 million) remains unrevised from the most recently published forecast.

Kasumigaseki Capital’s Q3 results indicate significant revenue growth and an increase in net profit, which may be viewed positively by investors. However, the year-on-year decline in both operating and ordinary profit suggests potential shifts in business operations or cost structures that could warrant further examination. The unchanged full-year forecast could imply that the company believes it is on track to meet its initial targets despite these profit fluctuations.

• WORLD 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).
• Revenue for the period was ¥74.707 billion, representing a 6.7% increase compared to the same period of the previous year.
• Operating profit was ¥7.293 billion (up 7.7% YoY) and business profit was ¥7.171 billion (up 13.0% YoY).
• Profit attributable to owners of the parent increased by 24.7% year-on-year, reaching ¥5.451 billion.
• The company conducted a 2-for-1 stock split of its common shares on March 1, 2026, and per-share figures are calculated assuming this split occurred at the beginning of the previous fiscal year.
• For accounting purposes, IFRS 18 has been early adopted from Q1 FY2027, and reporting segments have been changed to “B2C Business” and “B2B Business.”

WORLD’s Q1 FY2027 results show increases in both revenue and various profit metrics, indicating a strong start to the new fiscal year. The early adoption of IFRS 18 and changes in reporting segments under the new mid-term management plan, “VISION-W,” could be significant for investors assessing the company’s strategic direction. The substantial increase in profit attributable to owners of the parent may suggest an improvement in profitability.

• Kawaguchi Chemical Industry Co., Ltd. announced its consolidated financial results for the second quarter of the fiscal year ending November 2026 (interim period: December 1, 2025, to May 31, 2026).
• Net sales were ¥4,315 million (0.0% increase year-on-year), operating income was ¥303 million (52.7% increase YoY), ordinary income was ¥285 million (55.6% increase YoY), and net income attributable to owners of parent was ¥209 million (55.6% increase YoY).
• Interim net income per share was ¥171.92.
• The consolidated full-year forecast for FY2026 has been revised, with projected net sales of ¥9,200 million, operating income of ¥375 million, ordinary income of ¥340 million, and net income attributable to owners of parent of ¥240 million.
• As of the end of the interim period, total assets stood at ¥9,014 million, net assets at ¥3,295 million, and the equity ratio was 36.6%.

Kawaguchi Chemical Industry’s Q2 FY2026 results show a significant increase in profits, with operating, ordinary, and net income all rising by over 50% year-on-year, despite net sales remaining largely flat. This performance could be attributed to factors such as aggressive overseas expansion leading to market share gains and the favorable impact of the weak yen, coupled with enhanced development of high-value-added products. The revision of the full-year forecast may indicate management’s updated outlook based on these interim results.

• eXmotion Co., Ltd. announced its supplementary earnings materials for the second quarter of the fiscal year ending November 2026 on July 3, 2026.
• For the quarter, net sales reached 706 million yen (up 4.6% year-on-year), and operating profit was 97 million yen (up 30.2% year-on-year), both marking new record highs.
• Strong demand for AI utilization support from AI-related companies, including those in semiconductor manufacturing equipment, SDV (Software-Defined-Vehicle), and physical AI, drove the robust performance of the consulting business.
• The specialized AI service for specification creation, “CoBrain,” saw its sales nearly triple year-on-year, contributing significantly to the increase in operating profit.
• In the second half of the fiscal year, new AI support services addressing company-wide challenges such as “quality,” “safety,” and “accountability” are planned for launch, with proposals to client management and pilot projects set to commence.

eXmotion’s earnings report highlights record-high sales and operating profit, largely driven by robust demand from AI-related sectors. The expansion of AI utilization support, coupled with the growth of its proprietary AI service “CoBrain,” appears to be enhancing profitability. The planned launch of new AI support services, aimed at addressing company-wide challenges in the second half, may suggest a strategic move to unlock new growth opportunities beyond direct operational support.

• Marumae Co., Ltd. announced its consolidated financial results for the third quarter of the fiscal year ending August 2026 (September 1, 2025 to May 31, 2026).
• Net sales reached ¥14,022 million, marking a 92.9% increase compared to the same period of the previous year.
• Operating profit was ¥2,644 million (+84.1% YoY), and ordinary profit was ¥2,460 million (+85.7% YoY).
• Net income attributable to owners of parent significantly increased to ¥2,431 million, a 159.7% rise year-over-year.
• Basic earnings per share for the quarter were ¥95.69.
• Total assets stood at ¥33,960 million, net assets at ¥15,181 million, and the equity ratio was 44.7%.
• The company implemented a 2-for-1 stock split of common shares effective April 1, 2026.
• The full-year consolidated earnings forecast remains unchanged, projecting net sales of ¥20,000 million, operating profit of ¥4,100 million, ordinary profit of ¥3,900 million, and net income attributable to owners of parent of ¥3,300 million.

Marumae’s Q3 FY2026 results show substantial growth across all key metrics, with net income attributable to owners of parent increasing significantly by approximately 160% year-over-year. This strong performance appears to be primarily driven by the recovery in the semiconductor manufacturing equipment market and increased capital investment in OLED for the FPD sector. Investors should note the 2-for-1 stock split effective April 1, 2026, which impacts per-share metrics, when comparing performance.

• Cookbiz Co., Ltd. announced the completion of its share acquisition of TECH CREW Co., Ltd. on July 1, 2026, making it a consolidated subsidiary.
• TECH CREW Co., Ltd. now qualifies as a specified subsidiary, with Cookbiz Co., Ltd. holding 79.5% of its shares, and TECH CREW’s capital exceeding 10% of Cookbiz’s capital.
• TECH CREW Co., Ltd.’s business involves planning, development, and provision of HR software services.
• For the fiscal year ended March 2026, TECH CREW Co., Ltd. reported sales of 164,198 thousand yen, operating loss of △46,140 thousand yen, ordinary loss of △45,953 thousand yen, and net loss of △45,123 thousand yen.
• Cookbiz Co., Ltd. stated that this transaction is expected to have no impact on its consolidated financial results.

This announcement suggests Cookbiz’s strategic move to strengthen its presence in the HR software sector. Given TECH CREW’s reported losses over the past three fiscal years, future operational improvements and synergy creation within the Cookbiz group will be worth monitoring. While no immediate impact on consolidated performance is stated, investors might consider the long-term strategic implications of this acquisition.

• G-Slogan Inc. has released its report for the first quarter of the fiscal year ending February 2027.
• For the fiscal year ending February 2026, the company reported sales of 377 million JPY, operating income of 106 million JPY, ordinary income of 106 million JPY, and net income of 75 million JPY.
• The recruitment support business segment showed “OfferBox” sales of 281 million JPY and career business sales of 96 million JPY.
• The “TeamUp” business is currently in its second year of operation.
• The report addressed initiatives to tackle challenges in new graduate recruitment and expansion into mid-career recruitment.

This report highlights G-Slogan’s current business operations, centering on “OfferBox” for new graduate recruitment support, alongside career and new “TeamUp” services. The company appears to be diversifying its services to adapt to changes in the recruitment market. For investors, the progress of each business segment and its impact on financial performance will be key areas to monitor.

• Kyusoh Logistics Co., Ltd. announced its consolidated financial results for the second quarter of the fiscal year ending November 2026.
• Consolidated operating revenue for the interim period was ¥102,735 million, representing a 3.1% increase compared to the same period last year.
• Consolidated operating income was ¥2,960 million (3.6% decrease year-on-year), ordinary income was ¥2,481 million (5.7% decrease year-on-year), and net income attributable to owners of parent was ¥1,263 million (13.9% decrease year-on-year).
• Interim earnings per share were ¥50.82.
• The full-year consolidated earnings forecast remains unchanged from the most recently published forecast: operating revenue of ¥205,000 million (1.2% increase year-on-year), operating income of ¥5,700 million (1.0% increase year-on-year), ordinary income of ¥4,400 million (8.7% decrease year-on-year), and net income attributable to owners of parent of ¥2,100 million (20.7% decrease year-on-year).
• The year-end dividend forecast is ¥12.00 per share (same as interim dividend), with a total annual dividend forecast of ¥24.00 per share.

Kyusoh Logistics’ Q2 FY2026 results show revenue growth but a decline in profits, which is a key point for investors to monitor. The segment breakdown indicates a decrease in profit for the joint logistics business, while the dedicated logistics and related businesses saw profit increases. This divergence in performance across segments may suggest shifts in operational efficiencies or market conditions within different business areas.

• Chieru Corporation announced revisions to its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (Japanese GAAP)” previously disclosed on May 15, 2026.
• The primary reason for the revisions is the finalization of the provisional accounting treatment for the business combination with OKIJIM Co., Ltd., which occurred on December 27, 2024, now definitively reflected in the current consolidated fiscal year.
• Following the finalization of this accounting treatment, significant revisions were made to the initial allocation of acquisition cost in the comparative information included in the consolidated financial statements for the current consolidated fiscal year, reclassifying a portion of the amount previously recorded as goodwill.
• In the “Summary Information,” “Consolidated Operating Results,” the “Comprehensive Income” for FY2025/3 was revised from “473 million yen (36.0%)” to “473 million yen (35.9%)”. The “Net income per share ratio” for FY2025/3 was revised from “14.7%” to “14.6%”.
• Under “Consolidated Financial Position” in the “Summary Information,” for FY2025/3, “Total Assets” changed from “10,614 million yen” to “10,703 million yen,” “Net Assets” from “3,841 million yen” to “3,930 million yen,” “Shareholders’ Equity” from “3,083 million yen” to “3,106 million yen,” and “Net Assets Per Share” from “413.66 yen” to “416.71 yen.”
• In the consolidated balance sheet, the pre-revision value of “Investment Securities” was “312,751 thousand yen,” which was revised to “173,534 thousand yen” (as of March 31, 2025).

These revisions stem from the finalization of accounting treatment related to the business combination with OKIJIM Co., Ltd., indicating that provisional figures from the prior period have now been adjusted to definitive values. Investors should note the adjustments to key financial position indicators for the previous fiscal year, such as total assets, net assets, shareholders’ equity, and net assets per share, which reflect changes in asset and liability valuations due to the business combination. This adjustment appears to be a standard procedure in business combination accounting, aimed at ensuring the accuracy and reliability of financial statements.

• Towa Pharmaceutical announced on July 3, 2026, its decision to acquire all shares of Tanabe Pharma Factory Co., Ltd. from Tanabe Pharma Corporation, making it a wholly-owned subsidiary.
• Concurrently, Towa Pharmaceutical will take over manufacturing and marketing approvals for 17 active ingredients across 35 items from Tanabe Pharma.
• The share transfer execution date is scheduled for the end of November 2026, and the transfer of manufacturing and marketing approvals is planned for April 2027 or later.
• The transaction is expected to result in negative goodwill, with the impact on Towa Pharmaceutical’s consolidated earnings forecast for the fiscal year ending March 2027 to be disclosed once details are finalized.
• Towa Pharmaceutical Group aims to achieve a production capacity of 24 billion tablets by FY2030 and over 30 billion tablets by FY2036.

This acquisition appears to be a strategic move by Towa Pharmaceutical to strengthen its stable supply system for generic pharmaceuticals and expand its product portfolio. The integration of Tanabe Pharma Factory’s manufacturing technology and expertise could contribute to long-term competitive advantages. Investors may want to monitor the progress of future capital investments aimed at increasing production capacity and the subsequent disclosure of impacts on consolidated earnings.

• CAPITA Co., Ltd. announced the financial results for the fiscal year ended March 2026 for MomonoKi Co., Ltd., which is classified as “other affiliated company.”
• MomonoKi Co., Ltd. holds 920,000 shares of CAPITA’s common stock (as of March 31, 2026), representing 22.38% of voting rights.
• For the fiscal year ended March 2026, MomonoKi Co., Ltd. reported sales of JPY 1,067,821,272, operating profit of JPY 135,526,709, and ordinary profit of JPY 134,713,422.
• In the same financial results, a special loss of JPY 714,769,990 for valuation losses on investment securities was recorded, leading to a net loss of JPY 581,077,190 for the period.
• As of March 31, 2026, MomonoKi Co., Ltd.’s balance sheet showed total assets of JPY 802,849,899, total liabilities of JPY 1,351,535,909, and total net assets of (JPY 548,686,010).

The disclosure of financial results for MomonoKi Co., Ltd., an “other affiliated company” of CAPITA Co., Ltd., provides investors with insight into the financial health of a related entity. The primary driver of MomonoKi’s net loss was a valuation loss on investment securities, which could suggest that the performance of its held assets warrants monitoring. Additionally, CAPITA’s stock split, effective July 1, 2026, is a relevant recent corporate action that investors might consider in this context.

• Nihon Sohhatsu Group resolved on July 3, 2026, to acquire shares of City Road Co., Ltd. and make it a wholly-owned subsidiary through a simplified stock swap, with agreements signed on the same date.
• The share acquisition involves purchasing 5,000 common shares of City Road for 85 million JPY, resulting in a 25.00% ownership stake. The total acquisition cost, including advisory fees of 26 million JPY, amounts to 111 million JPY.
• The stock swap designates Nihon Sohhatsu Group as the wholly-owning parent company and City Road as the wholly-owned subsidiary. Each common share of City Road will be allotted 26.16 common shares of Nihon Sohhatsu Group.
• Nihon Sohhatsu Group will proceed with a simplified stock swap under Article 796, Paragraph 2 of the Companies Act, while City Road plans to obtain approval at an extraordinary general meeting of shareholders scheduled for September 26, 2026. The effective date is planned for October 2, 2026.
• City Road, established in 1991, specializes in in-station advertising, OOH (Out-of-Home advertising), signs/displays, and event/store design and construction, and will become a specified subsidiary of Nihon Sohhatsu Group.

This move appears to be Nihon Sohhatsu Group’s strategy to diversify its creative services business and optimize management resources by integrating City Road’s extensive industry experience and specialized expertise into its group. It suggests an intention to bolster solutions in specific areas like OOH, aiming to enhance value-added offerings to customers. As Nihon Sohhatsu Group plans to use its treasury shares for the stock swap, no new shares are expected to be issued, which could mitigate dilution impacts on existing shareholders.

• Consolidated operating revenue for Q1 FY2027 was approximately +3% above initial expectations, with operating profit exceeding by approximately +7% (around +1.0 billion JPY).
• The domestic department store segment’s sales were approximately +4% above projections, significantly contributing to the operating profit upside, driven by robust domestic customer trends and increased inbound traffic.
• Sales to non-foreign-affiliated domestic customers in the department store business remained strong due to the renewal of the Takashimaya app (implemented last June), the planned launch of “digital point” services (scheduled for September), and efforts to enhance product appeal.
• The full-year forecast for inbound sales (84.5 billion JPY) remains unchanged for now, but the company noted that an upside is likely if exchange rates remain stable.
• Selling, general, and administrative (SG&A) expenses were contained to a 100 million JPY increase year-on-year, thanks to cost reduction initiatives (1.0 billion JPY), with personnel cost reductions (400 million JPY) being a major factor.
• Regarding real estate holdings, a reclassification from the April “Real Estate Holding Policy” into “store” and “non-store” properties was announced, with “non-store” properties including offices and logistics centers.

The strong Q1 performance appears to be significantly driven by both enhanced domestic customer base in the department store sector and growing inbound demand. The company’s dual strategy of digital initiatives, such as app renewal and digital points, alongside strengthening physical store offerings, is a noteworthy point. Furthermore, the detailed progression of the real estate holding policy suggests a clear direction for future asset efficiency improvements.

• Kitakei Co., Ltd. announced its non-consolidated financial results for the second quarter of the fiscal year ending November 2026 (interim period: November 21, 2025 to May 20, 2026).
• Net sales for the interim period amounted to JPY 29,741 million, marking a 2.2% decrease compared to the same period in the previous year.
• Operating profit was JPY 390 million (down 9.8% year-on-year), ordinary profit was JPY 475 million (down 9.6% year-on-year), and interim net profit was JPY 291 million (down 10.3% year-on-year).
• Earnings per share for the interim period stood at JPY 31.45.
• The full-year business forecast (sales JPY 59.3 billion, operating profit JPY 720 million, ordinary profit JPY 910 million, net profit JPY 560 million) remains unchanged from the announcement on December 26, 2025.
• The equity ratio was 53.1% at the end of the second quarter of FY2026, an increase from 50.5% at the end of the previous fiscal year.

The interim period results show a year-on-year decline across sales and all profit metrics, which may suggest ongoing challenging business conditions. However, the company has maintained its full-year earnings forecast, potentially indicating an expectation of recovery in the latter half of the fiscal year. The improvement in the equity ratio from the previous fiscal year-end could be viewed as a positive indicator for financial stability.