Japan Stock IR Daily – July 14, 2026 (65 reports)

• Bic Camera 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).
• For the cumulative consolidated period, net sales reached ¥785,373 million (up 7.6% year-on-year), operating income was ¥33,297 million (up 35.8%), ordinary income was ¥34,128 million (up 33.5%), and profit attributable to owners of parent was ¥19,839 million (up 31.1%).
• Earnings per share for the quarter were ¥115.86.
• The full-year dividend forecast for FY2026 remains unchanged at ¥43.00, consisting of an interim dividend of ¥20.00 and a year-end dividend of ¥23.00.
• The full-year consolidated earnings forecast also remains unchanged: net sales of ¥1,022,000 million, operating income of ¥34,400 million, ordinary income of ¥35,700 million, profit attributable to owners of parent of ¥18,400 million, and earnings per share of ¥107.45.
• During this cumulative consolidated period, TD Mobile Co., Ltd. was excluded from the scope of consolidation as a significant change.

Bic Camera’s Q3 FY2026 results show a significant increase in both net sales and profits compared to the prior year, suggesting robust business performance. The notable 35.8% rise in operating income could indicate effective management and successful sales strategies. The unchanged full-year earnings and dividend forecasts may imply that the company considers the current progress to be in line with its expectations.

• WingArc 1st 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 quarter was JPY 7,806 million, representing a 6.7% increase compared to the same period of the previous year.
• Operating profit stood at JPY 2,167 million, an increase of 3.3% year-on-year.
• Profit attributable to owners of the parent was JPY 1,559 million, up 6.3% from the prior year’s first quarter.
• EBITDA increased by 4.0% year-on-year to JPY 2,565 million.
• The full-year consolidated earnings forecast for the fiscal year ending February 2027 remains unchanged, with projected revenue of JPY 34,300 million (up 10.8% YoY) and profit attributable to owners of the parent of JPY 7,420 million (up 14.2% YoY).

The reported increases in revenue, operating profit, and profit attributable to owners of the parent for the first quarter suggest a solid start to the fiscal year. This performance could be influenced by ongoing DX investments, cloud migration, and the adoption of generative AI in the domestic IT market. Investors may focus on how this initial quarter’s progress aligns with the company’s unchanged full-year forecasts.

• Witz Co., Ltd. announced its consolidated financial results for the third quarter of the fiscal year ending August 2026 (September 1, 2025 – May 31, 2026).
• For the cumulative third quarter, net sales were JPY 4,297 million (up 16.7% year-on-year), operating profit was JPY 586 million (up 25.8% year-on-year), ordinary profit was JPY 606 million (up 25.0% year-on-year), and profit attributable to owners of parent was JPY 411 million (up 22.4% year-on-year).
• The Software business segment recorded sales of JPY 3,593 million (up 25.8% year-on-year) and segment profit of JPY 543 million (up 47.8% year-on-year).
• The Sensing business segment reported sales of JPY 614 million (down 25.4% year-on-year) and segment profit of JPY 31 million (down 59.7% year-on-year).
• The consolidated full-year performance forecast for FY2026 has been revised: Net sales of JPY 5,650 million (up 16.3% from previous year), operating profit of JPY 633 million (up 11.7%), ordinary profit of JPY 656 million (up 11.5%), and profit attributable to owners of parent of JPY 450 million (up 6.1%).

Witz’s Q3 results indicate that strong performance in its Software business was the primary driver of overall revenue and profit growth. Robust sales of automotive embedded software, simulator/virtual space technology, and security/safety solutions appear to have contributed significantly to these results. Conversely, the Sensing business experienced a decline in revenue and profit due to delivery schedule adjustments for large projects, suggesting investors may want to monitor the performance divergence between these two core segments.

• G-OXIDE’s consolidated net sales for the first quarter of FY2027 (March 1, 2026 – May 31, 2026) were ¥2,192 million, marking a 22.6% increase year-over-year.
• During the same period, operating income was ¥199 million (compared to an operating loss of ¥72 million in the prior year’s first quarter), and ordinary income was ¥145 million (compared to an ordinary loss of ¥266 million in the prior year’s first quarter), both returning to profitability.
• Net income attributable to owners of the parent was ¥70 million (compared to a net loss attributable to owners of the parent of ¥274 million in the prior year’s first quarter).
• Sales in the semiconductor business significantly exceeded expectations, while some sales in the healthcare and new domains businesses were deferred to Q2 or later.
• There was no revision to the consolidated full-year earnings forecast for FY2027, as previously announced.

G-OXIDE’s first-quarter results indicate a significant improvement in profitability, with sales growth and a turnaround from losses to profits across key income metrics. The strong performance of the semiconductor business appears to have been a primary driver of these positive results. However, investors may want to monitor the deferred sales in the healthcare and new domains segments, as these could impact future quarters’ performance despite the current full-year forecast remaining unchanged.

• SK Japan reported consolidated results for Q1 FY2/2027 (March 1, 2024 – May 31, 2024), with net sales of ¥4.314 billion (up 23.5% YoY), operating income of ¥427 million (up 3.6% YoY), ordinary income of ¥473 million (up 19.8% YoY), and net income attributable to owners of parent of ¥332 million (up 17.6% YoY).
• By segment, the Character Entertainment business recorded net sales of ¥3.470 billion (up 26.2% YoY) and operating income of ¥400 million (up 5.7% YoY).
• The Character & Fancy business reported net sales of ¥843 million (up 13.6% YoY) and operating income of ¥27 million (down 19.7% YoY).
• Diluted earnings per share for the quarter were ¥19.80 (after stock split adjustment).
• There are no revisions to the full-year consolidated earnings forecast or the annual dividend forecast of ¥24 per share.

SK Japan’s Q1 results indicate a robust start to the fiscal year, with growth across key financial metrics. The Character Entertainment segment appears to be a primary driver of this performance, benefiting from a buoyant market and an expanded lineup of popular characters. While the Character & Fancy segment also saw sales growth, its operating income declined due to changes in sales mix and foreign exchange impacts, which may warrant monitoring in subsequent quarters.

• For the third quarter of fiscal year 2026 (September 1, 2025 to May 31, 2026), Printnet reported net sales of ¥6,896 million, a decrease of 0.3% year-on-year.
• Operating profit increased by 4.0% to ¥467 million, and ordinary profit increased by 3.4% to ¥465 million.
• Quarterly net profit was ¥306 million, representing a 13.9% decrease compared to the same period last year.
• Basic earnings per share for the quarter were ¥63.35.
• As of the end of the third quarter, total assets stood at ¥8,061 million, net assets at ¥4,498 million, and the equity ratio was 55.7%.
• The full-year earnings forecast remains unchanged, projecting net sales of ¥9,867 million, operating profit of ¥620 million, ordinary profit of ¥617 million, and net profit of ¥373 million.

While net sales saw a slight decline, the increase in operating and ordinary profits may suggest the company’s initiatives to improve profitability are yielding results. Conversely, the decrease in quarterly net profit could be attributed to factors such as increased tax expenses. The decision to maintain the full-year earnings forecast might indicate management’s confidence in its business strategy for the remainder of the fiscal year.

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

• Okayama Seishi announced its non-consolidated financial results for the fiscal year ended May 2026.
• Net sales were ¥11,221 million (down 2.6% year-on-year), operating profit was ¥940 million (down 8.9% year-on-year), and ordinary profit was ¥1,092 million (down 4.8% year-on-year).
• Net income for the period was ¥821 million, an increase of 2.9% compared to the previous fiscal year.
• The annual dividend per share was increased to ¥50 (from ¥40 in the previous period).
• For the fiscal year ending May 2027 (forecast), the company expects net sales of ¥11,700 million (up 4.3% year-on-year), operating profit of ¥750 million (down 20.3% year-on-year), ordinary profit of ¥900 million (down 17.6% year-on-year), and net income of ¥630 million (down 23.3% year-on-year).
• The paperboard business recorded net sales of ¥9,823 million (down 3.6% year-on-year) and segment profit of ¥940 million (down 12.7% year-on-year). The decorative corrugated board business saw net sales of ¥1,398 million (up 4.8% year-on-year) and segment profit of ¥0 million (compared to a segment loss of ¥44 million in the previous period).
• Total assets increased to ¥18,518 million, and net assets reached ¥14,481 million.
• Cash and cash equivalents at the end of the period stood at ¥5,262 million.

Okayama Seishi’s FY2026 results show a notable increase in net income despite declines in sales and operating profit, which may suggest the impact of non-operating factors such as valuation gains on investment securities. For the upcoming fiscal year, while the company projects an increase in net sales, the forecast for operating, ordinary, and net profits indicates a expected decline, signaling potential challenges in the operating environment. Investors may consider monitoring the factors influencing these profit outlooks.

• G-Paycloud HD announced its consolidated financial results for the third quarter of the fiscal year ending August 2026 (September 1, 2025 to May 31, 2026).
• Consolidated net sales reached ¥8,057 million, representing a 5.4% increase year-on-year.
• Adjusted EBITDA stood at ¥1,056 million, up 2.0% compared to the prior year’s period.
• Operating income was ¥661 million (+6.2% YoY) and ordinary income was ¥649 million (+6.7% YoY).
• Net income attributable to owners of the parent decreased by 3.0% year-on-year to ¥324 million.
• The full-year consolidated earnings forecast for FY2026 (ending August 31, 2026) remains unchanged, projecting net sales of ¥11,500 million, adjusted EBITDA of ¥1,300 million, operating income of ¥800 million, ordinary income of ¥770 million, and net income attributable to owners of the parent of ¥360 million.

G-Paycloud HD’s Q3 results indicate continued top-line growth and operational profitability, with increases in net sales, operating income, ordinary income, and adjusted EBITDA. However, the decline in net income attributable to owners of the parent could warrant further investigation to understand underlying factors. Investors may also focus on the progress towards the unchanged full-year forecasts and segment-specific performances to assess the company’s trajectory.

• Morito Co., Ltd. has announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending November 2026.
• Sales revenue for the interim period was ¥33,068 million, marking a 28.1% increase compared to the previous interim period.
• Operating profit reached ¥2,058 million, an increase of 31.2% year-on-year.
• Ordinary profit was ¥2,162 million, up 26.4% from the previous interim period.
• Net profit attributable to owners of parent decreased by 29.9% year-on-year to ¥1,645 million.
• Earnings per share for the interim period stood at ¥65.13.
• The full-year consolidated earnings forecast remains unchanged from the most recent announcement, projecting sales revenue of ¥63,000 million, operating profit of ¥3,500 million, ordinary profit of ¥3,700 million, and net profit attributable to owners of parent of ¥3,000 million.
• The year-end dividend forecast is ¥36.00, with an annual dividend forecast of ¥72.00.

Morito’s Q2 FY2026 results show significant growth in sales revenue, operating profit, and ordinary profit, suggesting strong business expansion. However, the decline in net profit attributable to owners of parent could indicate the impact of non-recurring factors or M&A-related expenses, which warrants closer examination. The unchanged full-year forecast may imply an expectation of profit recovery in the second half of the fiscal year.

• Tetsuken Corporation will implement a 1-for-2 stock split for common shares recorded in the shareholder register as of September 30, 2026. The effective date for the split is October 1, 2026.
• Following the stock split, the total number of issued shares will increase from 14,973,956 to 29,947,912, and the total number of authorized shares will change from 29,847,600 to 59,695,200. There will be no change in the amount of stated capital.
• The company’s Articles of Incorporation will be partially amended to reflect the change in the total number of authorized shares due to the stock split.
• The forecast for the fiscal year ending March 2027’s year-end dividend has been revised to JPY 115 per share, based on the post-split share count. This translates to JPY 230 per share on a pre-split basis, an increase of JPY 7 from the previous forecast of JPY 223.
• The revised dividend forecast represents a JPY 60 increase from the actual dividend of JPY 170 for the fiscal year ended March 2026, marking the fourth consecutive year of dividend increases.

This announcement suggests a strategic move to lower the investment unit price, potentially making Tetsuken’s shares more accessible to a broader range of investors and enhancing market liquidity. The simultaneous announcement of a stock split and a dividend increase could be interpreted as the company’s commitment to both expanding its investor base and returning profits to shareholders. This dual approach may signal a robust shareholder return policy alongside efforts to improve stock accessibility.

• TOSHIN HOLDINGS CO.,LTD. announced a correction to a part of its “Consolidated Financial Results for the Fiscal Year Ended April 30, 2025 (Japanese GAAP)” initially disclosed on October 31, 2025.
• The correction stems from the recognition of accounting errors in prior period financial results, identified through an internal verification committee’s report received on April 30, 2026, following points raised by the auditing firm.
• Consequently, prior period consolidated financial statements and other necessary corrections, including those for full-year and quarterly financial results, have been made.
• The revised consolidated operating results for the fiscal year ended April 30, 2025, show net sales of 17,477 million yen (up 2.0% year-on-year), operating profit of 44 million yen (down 86.2% year-on-year), ordinary loss of 31 million yen (compared to a profit of 284 million yen in the prior year), and net loss attributable to owners of parent of 16 million yen (compared to a profit of 142 million yen in the prior year).
• A special loss of 486 million yen has been recorded as a prior period financial result correction expense due to inappropriate accounting treatment.

• Shochiku Co., Ltd. announced its consolidated financial results for the first quarter of the fiscal year ending February 2027 (March 1, 2026 – May 31, 2026).
• Consolidated net sales reached ¥24,138 million, marking an 11.5% increase compared to the same period in the previous year.
• Consolidated operating profit was ¥1,729 million (up 58.5% year-on-year), and consolidated ordinary profit was ¥1,651 million (up 89.4% year-on-year).
• Net loss attributable to owners of parent was ¥281 million, a decline from a net profit of ¥1,507 million in the prior year’s first quarter.
• By segment, the Theatrical Business reported sales of ¥8,516 million (up 42.0% year-on-year) and segment profit of ¥1,351 million (compared to ¥74 million profit in the previous year).
• The Motion Picture and Video Business recorded sales of ¥11,585 million (up 1.1% year-on-year) and segment profit of ¥16 million (down 96.0% year-on-year).
• The Real Estate Business generated sales of ¥2,099 million (up 1.0% year-on-year) and segment profit of ¥1,473 million (down 0.4% year-on-year).

Shochiku’s first-quarter results show a significant increase in both net sales and operating profit, but a shift to a net loss attributable to owners of parent warrants attention. The strong performance of the Theatrical Business segment, with substantial growth in both sales and profit, appears to be a key driver for the overall top-line expansion. The transition to a net loss could be influenced by a decline in comprehensive income, which shifted from a positive ¥3,207 million in the prior year to a negative ¥2,092 million in the current quarter, a factor worth monitoring.

• Kaitori Oukoku 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 2,441 million yen (up 11.2% year-on-year), operating profit was 221 million yen (up 37.5% year-on-year), ordinary profit was 227 million yen (up 41.8% year-on-year), and net income for the quarter was 148 million yen (up 40.5% year-on-year).
• Earnings per share for the quarter were 40.61 yen.
• Total assets stood at 6,371 million yen, net assets at 3,512 million yen, and the equity ratio was 55.1%.
• The full-year forecast for FY2027 remains unchanged, projecting net sales of 10,012 million yen, operating profit of 600 million yen, ordinary profit of 610 million yen, and net income of 403 million yen.

The significant year-on-year increase in net sales and all profit metrics for the first quarter may suggest that the company’s specialized strategy and new store openings are contributing positively to its performance. The ability to absorb increased selling, general and administrative expenses due to a substantial rise in gross profit, driven by high-profit format establishment, is a noteworthy point. The reaffirmation of the full-year forecast indicates that the company believes its progress is in line with its initial plans.

• Fujiseiko Co., Ltd. announced its consolidated financial results for the first quarter of the fiscal year ending February 2027 (March 1, 2026 – May 31, 2026).
• Sales reached ¥5,058 million, an increase of 3.3% year-on-year. Operating profit was ¥132 million, a 136.8% increase year-on-year. Ordinary profit amounted to ¥224 million, representing a 180.3% increase year-on-year.
• Net profit attributable to owners of parent was ¥123 million, a turnaround from a net loss of ¥19 million in the prior year’s first quarter.
• By segment, Asia reported sales of ¥1,209 million (up 14.7% YoY) and segment profit of ¥25 million, compared to a segment loss of ¥106 million in the same period last year.
• The full-year consolidated earnings forecast has been revised, with details provided in the “Notice Regarding Revision of Consolidated Earnings Forecast for the Second Quarter (Interim) and Full Fiscal Year Ending February 2027” released on the same day.

Fujiseiko’s Q1 FY2027 results show a significant improvement, with robust increases in operating and ordinary profits, and a return to profitability from a net loss in the previous year. The strong performance in the Asia segment, marked by increased sales and a shift to profit, appears to be a key driver of overall earnings improvement. The announced revision of the full-year earnings forecast suggests potential adjustments to investor expectations and is worth monitoring for further details.

• Nachi-Fujikoshi Corp. announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending November 2026.
• For the interim period, consolidated net sales were ¥124,832 million (up 7.7% year-on-year), operating profit was ¥6,769 million (up 60.7% YoY), ordinary profit was ¥6,130 million (up 107.3% YoY), and net profit attributable to owners of parent was ¥3,395 million (up 81.0% YoY).
• By segment, Machinery and Tools business recorded sales of ¥39,010 million (up 5.2% YoY), Parts business ¥76,817 million (up 7.5% YoY), and Other businesses ¥9,004 million (up 22.7% YoY).
• The full-year consolidated performance forecast has been revised upward to net sales of ¥255,000 million, operating profit of ¥15,300 million, ordinary profit of ¥13,300 million, and net profit attributable to owners of parent of ¥7,500 million.
• The annual dividend forecast has been revised to ¥110.00 for the fiscal year ending November 2026, up from ¥100.00 in the fiscal year ended November 2025.

Nachi-Fujikoshi’s Q2 FY2026 results show significant growth across sales and all profit metrics. This performance appears to be driven by a recovery in demand for construction machinery, particularly in Europe, the US, and China, along with increased demand in the industrial machinery sector in the Americas, offsetting declines in the domestic automotive sector. Ongoing structural reforms, including fixed cost reductions and passing on raw material price increases, seem to have contributed to profit improvement. The upward revision of both full-year performance and dividend forecasts may indicate a positive outlook on the company’s operational health.

• Ecos 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).
• Operating revenue was ¥34,879 million (down 0.9% year-on-year), operating income was ¥1,532 million (down 0.2%), ordinary income was ¥1,553 million (down 1.4%), and net income attributable to owners of the parent was ¥1,030 million (down 4.1%).
• As of the end of the first consolidated fiscal quarter, total assets amounted to ¥59,743 million, net assets to ¥29,348 million, and the equity ratio was 49.1%.
• During this quarter, a new store, TAIRAYA Owada (Hachioji, Tokyo), was opened, and two existing stores, TAIRAYA Yamagata (Ibaraki) and TAIRAYA Machiya (Tokyo), underwent renovation.
• The consolidated earnings forecast and dividend forecast for the fiscal year ending February 2027 remain unchanged from the most recently published figures.

The first quarter saw a decline in both revenue and profit, which may reflect the intensifying consumer frugality amidst rising prices. The company’s initiatives, including new store openings, existing store renovations, and the “Price Select” project to enhance product competitiveness, indicate a proactive response to the challenging market conditions. Maintaining the full-year forecast suggests management anticipates a recovery in performance later in the fiscal year, and monitoring the impact of these strategies on future results will be key.

• For the fiscal year ended May 2026, consolidated net sales were ¥11,439 million, representing a 1.2% decrease from the previous fiscal year.
• Consolidated operating profit increased by 4.3% year-on-year to ¥1,179 million.
• Consolidated ordinary profit rose by 2.8% year-on-year to ¥1,304 million.
• Net profit attributable to owners of the parent decreased by 15.7% year-on-year to ¥831 million.
• The annual dividend for FY2026 May was maintained at ¥42 per share (interim ¥21, year-end ¥21), unchanged from the previous fiscal year.
• For the fiscal year ending May 2027, the company forecasts consolidated net sales of ¥11,880 million (+3.9% YoY), operating profit of ¥1,355 million (+14.9% YoY), ordinary profit of ¥1,440 million (+10.4% YoY), and net profit attributable to owners of the parent of ¥975 million (+17.3% YoY). An annual dividend of ¥50 per share (interim ¥25, year-end ¥25) is also projected.
• “Shanghai Sigma Integrated International Trading Co., Ltd.” was newly added to the scope of consolidation.

While net sales saw a slight decrease, the company achieved an increase in operating and ordinary profit, which may suggest an improvement in profitability. However, the decline in net profit attributable to owners of the parent and the ongoing uncertainties from external factors like exchange rate fluctuations, inflation, and geopolitical risks are worth monitoring. The positive outlook for the upcoming fiscal year, including projected increases in revenue and profits, along with a planned dividend increase, could indicate management’s confidence in future growth initiatives.

• Graphite Design Co., Ltd. announced its financial results for the first quarter of the fiscal year ending February 2027 (March 1, 2026 – May 31, 2026).
• Net sales for the first quarter reached JPY 970 million, marking a 49.9% increase compared to the same period in the previous year.
• Operating profit amounted to JPY 193 million, representing a significant year-on-year increase of 478.0%.
• Ordinary profit was JPY 214 million, and quarterly net profit was JPY 154 million, a turnaround from losses in the prior-year quarter.
• This performance is attributed to golf shaft orders from US agents exceeding expectations.
• The full-year earnings forecast and dividend forecast for the fiscal year ending February 2027 remain unchanged from the most recently announced figures.

Graphite Design’s Q1 results demonstrate substantial year-over-year growth in both sales and profits, with the operating profit increase being particularly noteworthy. This performance suggests strong demand for golf shafts in the U.S. market. The decision to maintain the full-year forecast indicates a cautious approach by management regarding future market conditions and business developments.

• Life Foods 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) on July 14, 2026.
• For Q1, net sales were JPY 2,390 million (down 4.1% year-on-year), operating profit was JPY 40 million (down 57.5%), ordinary profit was JPY 46 million (down 53.7%), and net income attributable to owners of parent was JPY 43 million (down 54.5%).
• Basic earnings per share for the quarter were JPY 14.05.
• The number of stores at the end of the quarter was 87, a decrease of 1 store compared to the previous year.
• The full-year forecast remains unchanged, with projected net sales of JPY 9,619 million (up 0.0% year-on-year), operating profit of JPY 118 million (up 35.7%), ordinary profit of JPY 157 million (up 22.4%), and net income attributable to owners of parent of JPY 73 million (up 104.0%).

Life Foods’ first-quarter results show a decline in sales and profits compared to the prior year, which may reflect the challenging operating environment for the restaurant industry, including rising raw material costs and labor expenses. However, the unchanged full-year forecast projects significant profit growth, suggesting the company anticipates positive impacts from ongoing measures and cost controls in the coming quarters. Investors may want to monitor the effectiveness of these initiatives and their potential to narrow the gap between Q1 performance and the full-year outlook.

• Welldish Co., Ltd. announced on July 14, 2026, that the disclosure of its Q3 FY2026 financial results will likely be delayed beyond 45 days after the quarter-end.
• The reason for the delay is the ongoing selection process for a successor auditor, following the resignation of the previous auditor as announced on May 14, 2026.
• Additionally, an independent investigation committee, established as announced on April 22, 2026, is still conducting its probe. Procedures for concluding an audit contract with a successor auditor need to proceed based on the investigation’s findings.
• As a result, it has become difficult to appoint an auditor and undergo a quarterly review within 45 days after the Q3 FY2026 fiscal quarter-end.
• Preliminary investigations by multiple auditor candidates are currently underway. The company plans to appoint a successor auditor based on the investigation results and promptly disclose the Q3 FY2026 financial results after the completion of the quarterly review.

This announcement suggests that Welldish continues to face multiple significant challenges, including the auditor change and the independent investigation committee’s probe, as indicated in previous IR disclosures. The direct impact of these issues on the consolidated financial results disclosure warrants continuous attention from investors. A delay in financial reporting could raise questions regarding the company’s governance framework and the stability of its financial reporting processes.

• HIKARI FOOD SERVICE announced its financial results for the second quarter (interim) of the fiscal year ending November 2026.
• For the interim period, net sales reached ¥1,632,572 thousand (up 14.6% year-on-year), operating profit was ¥180,143 thousand (up 36.4%), and ordinary profit was ¥178,019 thousand (up 38.3%).
• Interim net profit amounted to ¥137,016 thousand (up 55.0%), with interim net profit per share at ¥138.12.
• As of the end of the interim accounting period, total assets were ¥2,884,622 thousand, net assets were ¥1,407,437 thousand, and the equity ratio was 48.8%.
• The year-end dividend forecast remains unchanged at ¥48.00 per share. The full-year earnings forecast also remains unchanged: net sales of ¥3,200 million, operating profit of ¥242 million, ordinary profit of ¥238 million, and net profit of ¥127 million.
• During the interim accounting period, the company opened 1 new franchised store and closed 2 directly managed stores, resulting in a total of 67 stores (17 of which are franchised) as of the end of the period.

HIKARI FOOD SERVICE’s interim results show significant double-digit growth across sales and all profit metrics, with interim net profit surging by 55.0% year-on-year. This performance may suggest that the company’s efforts in expanding brand recognition and implementing store-specific initiatives, amid a recovering economy driven by inbound demand and resilient personal consumption, are proving effective. However, simultaneous changes in the balance sheet, including variations in total assets, net assets, and equity ratio, as well as a net decrease in the number of stores, could be worth monitoring for their implications on future business development and full-year target achievement.

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

• TamaHome reported consolidated net sales of ¥197,740 million for the fiscal year ended May 2026, marking a 1.5% decrease year-on-year.
• Operating profit stood at ¥3,842 million (down 6.6% YoY), and ordinary profit was ¥3,757 million (down 0.8% YoY).
• Net income attributable to owners of parent decreased by 17.9% year-on-year to ¥1,213 million.
• The year-end dividend for the fiscal year ended May 2026 was set at ¥125 per share (total annual dividend also ¥125).
• For the fiscal year ending May 2027, the company projects consolidated net sales of ¥230,000 million (up 16.3% YoY) and net income attributable to owners of parent of ¥4,000 million (up 229.7% YoY).

While TamaHome concluded FY2026 with a decrease in both revenue and profit, the significant projected increases across all profit metrics for FY2027 are noteworthy. The forecast for net income attributable to owners of parent, showing over a 200% increase year-on-year, could suggest that the company anticipates a strong recovery and positive impacts from its strategic initiatives. Investors may monitor the actualization of these forward-looking estimates and the announced FY2027 dividend forecast of ¥130 per share.

• JESCO HD reported consolidated net sales of ¥14,311 million for the third quarter of fiscal year 2026 (September 1, 2025 – May 31, 2026), marking a 16.1% increase year-on-year.
• Operating profit reached ¥1,736 million, a 118.9% increase, and ordinary profit was ¥1,754 million, up 122.5% compared to the same period last year.
• Net profit attributable to owners of the parent surged by 212.8% to ¥1,093 million.
• Basic earnings per share for the quarter stood at ¥157.35.
• The company has not revised its full-year consolidated earnings forecast, which projects net sales of ¥20,000 million, operating profit of ¥1,800 million, ordinary profit of ¥1,750 million, and net profit attributable to owners of the parent of ¥1,100 million.

JESCO HD’s significant increase in profits, particularly the over 200% rise in net profit, may suggest strong operational performance driven by its domestic EPC business. The focus areas of renewable energy and security infrastructure appear to be key growth drivers, contributing to both top-line and bottom-line expansion. Investors may want to monitor the company’s progress towards its unrevised full-year targets and the performance of its ASEAN EPC segment.

• G-Material G announced its consolidated financial results for the third quarter of the fiscal year ending August 2026.
• For the cumulative third quarter, net sales totaled ¥6.66 billion (up 41.5% year-on-year), operating profit was ¥1.03 billion (up 55.9% YoY), ordinary profit was ¥992 million (up 49.2% YoY), and profit attributable to owners of parent was ¥590 million (up 42.9% YoY).
• By segment, PR Consulting recorded sales of ¥4.74 billion (up 17.8% YoY), Digital Marketing ¥1.11 billion (up 115.8% YoY), and PR Platform ¥908 million (up 320.0% YoY).
• TrePro Inc. was made a wholly-owned subsidiary in September 2025, and Material Links Inc. was consolidated during the current third quarter.
• There are no revisions to the full-year consolidated earnings forecast or the dividend forecast from the most recently published figures.

G-Material G’s Q3 results indicate substantial year-on-year growth across key financial metrics, with particularly strong performance observed in the Digital Marketing and PR Platform segments. The strategic integration of new subsidiaries through M&A, coupled with active talent acquisition and enhanced project management, appears to be contributing to the overall business expansion.

• G-D&M Company reported consolidated net sales of ¥1,624 million for the fiscal year ended May 2026, an 8.1% increase from the previous period.
• Operating profit decreased by 9.1% to ¥272 million.
• Ordinary profit rose by 3.5% to ¥310 million.
• Net profit attributable to owners of parent increased by 0.5% to ¥221 million.
• For the fiscal year ending May 2027, the company forecasts consolidated net sales of ¥2,023 million (24.6% increase), operating profit of ¥362 million (32.9% increase), ordinary profit of ¥362 million (16.5% increase), and net profit attributable to owners of parent of ¥247 million (11.3% increase).

The increase in net sales coupled with a decrease in operating profit may suggest the company is making strategic investments for future growth. However, the slight increases in ordinary profit and net profit indicate effective cost management or other income streams. The robust forecast for the next fiscal year could reflect the company’s confidence in these investments yielding positive returns.

• S FOODS reported consolidated net sales of ¥123,602 million for the first quarter of the fiscal year ending February 2027 (March 1, 2026, to May 31, 2026), an 8.6% increase year-over-year.
• Operating profit reached ¥2,827 million, marking a 55.1% increase from the prior year’s same quarter, while ordinary profit was ¥3,191 million, a 66.5% increase.
• Net profit attributable to owners of the parent for the quarter stood at ¥2,059 million, representing a 0.9% decrease year-over-year.
• In the Meat Manufacturing and Wholesale segment, net sales were ¥114,691 million (up 9.1% YoY), and segment profit was ¥2,606 million (up 55.4% YoY).
• The full-year consolidated earnings forecast (Net Sales: ¥500,000 million, Operating Profit: ¥10,000 million, Ordinary Profit: ¥11,000 million, Net Profit Attributable to Owners of Parent: ¥6,500 million) remains unchanged from the most recently announced figures.

S FOODS’ first-quarter results indicate strong top-line and operating profit growth, primarily driven by its Meat Manufacturing and Wholesale segment. The slight decrease in net profit attributable to owners of the parent could be related to changes in other comprehensive income, specifically an increase in foreign currency translation adjustments and a decrease in revaluation differences on available-for-sale securities. With the full-year forecast maintained, investors may be looking for continued progress in the subsequent quarters to meet the annual targets.

• Spool Inc. has announced its consolidated financial results for the second quarter of the fiscal year ending November 2026.
• Revenue increased by 1.5% year-on-year to ¥12,681 million for the interim period.
• Operating income decreased by 19.6% year-on-year to ¥648 million.
• Interim profit attributable to owners of the parent company was ¥283 million, representing a 30.9% decrease from the previous interim period.
• The Business Solutions segment reported revenue of ¥8,309 million (up 9.1% year-on-year) and operating income of ¥1,505 million (up 6.0% year-on-year).
• The Human Resources Solutions segment reported revenue of ¥4,423 million (down 10.0% year-on-year) and operating income of ¥282 million (down 23.6% year-on-year).

Spool Inc.’s Q2 FY2026 results show a revenue increase but a decline in operating and interim profit, indicating a mixed performance. The growth in revenue appears to be driven by strong performance in disability employment support services and local government BPO services. However, a significant decrease in profit suggests challenges in other areas, possibly due to a reversal of temporary revenue gains in environmental management support services and operational efficiency issues in recruitment support services. Investors may wish to monitor the company’s strategies for enhancing profitability across all segments moving forward.

• Cocrevo Advisors, Inc. resolved to revise its dividend forecast upward for the current fiscal year at a board meeting held on July 14, 2026.
• The year-end dividend forecast for the August 2026 fiscal year has been revised from 27 yen per share to 30 yen per share, an increase of 3 yen.
• Consequently, the total annual dividend forecast has also been revised upward from 27 yen to 30 yen per share.
• The reason for the revision is the favorable progress of the Q3 August 2026 financial results and the expectation that the full-year performance forecast will be achieved as planned, aiming to enhance shareholder returns.
• The previous fiscal year’s (August 2025) annual dividend per share was 22 yen.

This upward revision of the dividend forecast may suggest that G-Cocrevo’s financial performance is progressing solidly. The increase in the year-end dividend could indicate a proactive stance towards shareholder returns, potentially drawing investor attention. This action aligns with their stated policy of flexibly considering dividend increases based on performance.

• EAT & AND Holdings announced its consolidated results for the first quarter of the fiscal year ending February 2027. Sales reached ¥10.378 billion (102.6% year-on-year), and operating profit was ¥570 million (137.6% year-on-year increase), achieving both revenue and profit growth.
• By segment, the food business reported sales of ¥5.940 billion (104.6% year-on-year) and segment profit of ¥402 million (166.4% year-on-year). The restaurant business reported sales of ¥4.438 billion (100.1% year-on-year) and segment profit of ¥325 million (199.1% year-on-year).
• In frozen foods, the Chinese one-plate category, launched in March 2026, performed well, with its share growing to 6.8% in May 2026. Frozen Shumai gained an 8.8% share in Q1 and reached an unprecedented 11.2% in May 2026.
• The restaurant business’s “Osaka Ohsho” is undergoing a store model restructuring, implementing enhancements tailored to station-front, food court, and roadside locations.
• The company revised upward its H1 FY2027 earnings forecast. The dividend forecast remains ¥7.50 for the interim and ¥7.50 for the year-end, totaling ¥15.00 annually.

EAT & AND HD’s Q1 FY2027 results highlight significant profit margin improvements in both its food and restaurant segments, leading to overall revenue and profit growth. The strong performance in the food business, particularly in frozen foods, driven by market expansion and new product success, is a key factor. Simultaneously, the restaurant business’s strategic store model restructuring appears to be yielding positive results. The upward revision of the H1 earnings forecast suggests that these business initiatives are progressing as planned.

• HUB Co., Ltd. announced its financial results for the first quarter of the fiscal year ending February 2027 (March 1, 2026, to May 31, 2026).
• Net sales reached ¥3,159 million, marking a 9.2% increase year-over-year.
• Operating profit was ¥261 million (up 39.7% YoY) and ordinary profit was ¥257 million (up 42.0% YoY).
• Quarterly net income was ¥146 million, a decrease of 24.2% compared to the same period last year.
• Total assets stood at ¥6,792 million, net assets at ¥3,422 million, and the equity ratio at 49.8%.
• The full-year forecast for the fiscal year ending February 2027 remains unchanged from the forecast disclosed on April 13, 2026.

HUB’s Q1 FY2027 results show strong growth in net sales, operating profit, and ordinary profit, which may suggest that its aggressive store expansion and various initiatives are yielding positive results. However, the decline in quarterly net income warrants attention, potentially indicating the impact of tax effects, extraordinary losses, or shifts in the cost structure. The unchanged full-year forecast suggests that management views the current progress as in line with their expectations.

• Kawasaki Co., Ltd. announced its Q3 FY2026 financial results (September 1, 2025 – May 31, 2026).
• For the cumulative third quarter, consolidated net sales were ¥1,752 million (up 1.1% year-on-year), operating profit was ¥408 million (down 0.1%), ordinary profit was ¥408 million (up 0.0%), and quarterly net profit was ¥266 million (up 0.2%).
• By segment, the Apparel business reported sales of ¥427 million (up 0.5%) and operating profit of ¥4 million (down 27.2%). The Rental and Warehouse business reported sales of ¥1,048 million (up 0.6%) and operating profit of ¥442 million (up 1.8%). The Hotel business reported sales of ¥275 million (up 4.3%) but an operating loss of ¥38 million (compared to an operating loss of ¥32 million in the prior year period).
• As of the end of the third quarter, total assets were ¥7,896 million, net assets were ¥5,915 million, and the equity ratio was 74.9%.
• The full-year FY2026 earnings forecast and annual dividend forecast (year-end dividend of ¥25.00, total ¥50.00) remain unchanged from the most recently published figures.

Kawasaki’s Q3 results show marginal sales growth, with operating profit remaining largely flat, and ordinary and net profits aligning closely with the prior year. The strong performance of the Rental and Warehouse segment appears to be a key driver, offsetting challenges in the Apparel business, where rising labor and raw material costs impacted profitability, and in the Hotel business, which saw increased revenue but a widening operating loss. The unchanged full-year forecast might suggest management’s confidence that the current performance is within their initial projections.

• Lacto Japan announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending November 2026.
• Net sales reached ¥97,866 million, a 2.7% increase compared to the same period of the previous year.
• Operating profit was ¥2,781 million (down 22.1%), ordinary profit was ¥2,475 million (down 35.4%), and net profit attributable to parent company shareholders was ¥1,748 million (down 37.5%).
• Interim earnings per share were ¥175.03.
• The company plans an interim dividend of ¥66.00 and a year-end dividend forecast of ¥66.00, totaling ¥132.00 for the full year, with no changes from the most recently announced forecast.
• The full-year consolidated performance forecast remains unchanged: net sales of ¥193,000 million (up 5.6% year-on-year), ordinary profit of ¥4,800 million (down 17.2%), and net profit attributable to parent company shareholders of ¥3,450 million (down 20.1%).

While net sales increased, a notable point is the decrease in operating profit, ordinary profit, and interim net profit. This could be attributed to the absence of a one-time gain from the previous year, the upfront recognition of certain expenses in the dairy ingredient and cheese segment, and increased selling, general, and administrative expenses including head office relocation costs, which impacted profit margins. Conversely, delays in the operational launch of the new Singapore factory and head office core system, resulting in deferred expense recognition, may have contributed to ordinary profit exceeding the initial forecast.

• Oomitsu Co., Ltd. announced its consolidated financial results for the fiscal year ended May 2026.
• Net sales were ¥79,549 million (up 6.2% year-on-year), operating profit was ¥159 million (down 80.3% year-on-year), and ordinary profit was ¥339 million (down 59.9% year-on-year).
• Profit attributable to owners of parent was ¥56 million (down 89.1% year-on-year), due to factors including an impairment loss of ¥255 million recorded as an extraordinary loss.
• For the fiscal year ending May 2027, the company forecasts consolidated net sales of ¥85,600 million (up 7.6% year-on-year), operating profit of ¥630 million (up 295.2% year-on-year), and profit attributable to owners of parent of ¥400 million (up 603.6% year-on-year).
• The annual dividend per share was ¥15.00 for FY2026/5 and is forecast at ¥15.00 for FY2027/5.

Oomitsu’s FY2026/5 consolidated results show a sales increase but significant declines in operating, ordinary, and net profits, which is a key point for investors. The impairment loss had a notable impact on the final profit. The substantial profit growth projected for FY2027/5 suggests an anticipated recovery and potential improvements in business structure or cost management.

• Phil Company announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending November 2026.
• For the interim period, consolidated net sales were ¥3,252 million (down 17.5% year-on-year), operating loss was ¥120 million (compared to ¥199 million profit in the prior year), ordinary loss was ¥139 million (compared to ¥204 million profit in the prior year), and net loss attributable to owners of the parent was ¥19 million (compared to ¥127 million profit in the prior year).
• Interim earnings per share were -¥3.64 (compared to ¥23.77 in the prior year).
• The full-year consolidated earnings forecast has been revised: net sales ¥8,800 million (up 6.9% year-on-year), operating profit ¥380 million (down 35.5% year-on-year), ordinary profit ¥355 million (down 37.7% year-on-year), and net profit attributable to owners of the parent ¥270 million (down 32.2% year-on-year), with earnings per share of ¥50.26.
• The equity ratio at the end of the interim period was 35.9%.

Phil Company’s Q2 FY2026 results show a significant year-on-year decline in revenue and a shift to losses across key profit metrics, which may suggest challenges in new order acquisition and sales scheduling, compounded by rising construction and labor costs. While the full-year forecast has been revised downwards, it still projects an increase in sales compared to the previous year, indicating a potential recovery in the latter half. Investors may want to monitor how the company addresses these cost pressures and executes its revised business plan in the coming quarters.

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

• Tobu Juhan (3297) announced its non-consolidated financial results for the fiscal year ended May 2026.
• Net sales were ¥7,745 million, a decrease of 5.4% compared to the previous fiscal year.
• Operating profit increased by 15.0% to ¥587 million, ordinary profit increased by 16.2% to ¥589 million, and net profit increased by 15.2% to ¥395 million.
• Diluted earnings per share were ¥145.85, and the equity ratio was 75.6%.
• The annual dividend per share increased from ¥40 in the previous fiscal year to ¥43.
• For the fiscal year ending May 2027, the company forecasts net sales of ¥8,000 million (3.3% increase year-on-year), operating profit of ¥570 million (3.0% decrease), ordinary profit of ¥560 million (5.0% decrease), and net profit of ¥360 million (8.9% decrease).

Tobu Juhan’s FY2026 May results show a decline in net sales but achieved double-digit growth in operating, ordinary, and net profits. This performance may be attributed to an improved cost of sales ratio and a significant increase in operating profit from the real estate leasing business. However, the FY2027 May forecast anticipates revenue growth while projecting a decrease in profits, which suggests a need to monitor the performance of each business segment moving forward.

• Tsuruha Holdings released its Q1 FY2027 financial results (auditor review completed) on July 14, 2026.
• Consolidated revenue for the quarter amounted to ¥636,886 million, with EBITDA at ¥39,480 million.
• Operating profit was ¥24,229 million, ordinary profit ¥24,390 million, and net profit attributable to parent company shareholders was ¥13,477 million.
• Compared to Q1 FY2026, revenue increased by 133.7%, EBITDA by 131.6%, and net profit attributable to parent company shareholders by 21.3%.
• The consolidated financial position shows total assets of ¥1,688,387 million, net assets of ¥897,549 million, and an equity ratio of 51.9%.

The significant increases in revenue, EBITDA, and net profit attributable to parent company shareholders for Q1 FY2027, compared to the previous year, may reflect the impact of the business integration with Welcia Holdings. The high growth rates in revenue and EBITDA suggest that the expanded scale from the integration is contributing to performance. The progress of measures aimed at creating synergies from this integration will be worth monitoring going forward.

• G-Progress 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 quarter was ¥1,534 million, a 0.6% decrease compared to the same period last year.
• Operating profit stood at ¥316 million, marking a 14.6% decrease year-on-year.
• Quarterly profit attributable to owners of the parent was ¥193 million, down 18.3% from the prior year’s first quarter.
• The consolidated full-year earnings forecast and annual dividend forecast for the fiscal year ending February 2027 remain unchanged from the most recently announced figures.
• Total assets at the end of the first consolidated fiscal quarter were ¥10,938 million, and total equity was ¥5,782 million.

G-Progress’s Q1 FY2027 results show a slight decline in revenue and a more significant decrease in various profit metrics, attributed to investments in organizational strengthening, new operational bases, and system enhancements. The company’s decision to maintain its full-year earnings forecast suggests confidence in future performance. Investors may monitor how these strategic investments translate into improved profitability in the coming quarters.

• G-ZIGZAG Inc. announced its consolidated financial results for the fiscal year ended May 2026.
• Consolidated financial statements commenced from the fiscal year ended May 2026, reporting net sales of ¥1.5 billion, operating income of ¥289 million, ordinary income of ¥307 million, and net income attributable to owners of the parent of ¥227 million.
• Diluted earnings per share were ¥30.31, and the equity ratio was 53.0%.
• For the fiscal year ending May 2027, the company forecasts consolidated net sales of ¥1.793 billion (up 19.5% year-on-year), operating income of ¥212 million (down 26.6% year-on-year), ordinary income of ¥199 million (down 35.1% year-on-year), and net income attributable to owners of the parent of ¥137 million (down 39.5% year-on-year).
• 吉克査克股分有限公司 (Jiké Chákè Gǔfèn Yǒuxiàn Gōngsī), a Taiwan subsidiary, was newly added to the scope of consolidation.

G-ZIGZAG has released its first consolidated financial results for the fiscal year ended May 2026. While year-on-year comparisons are not available for the current period, the company’s forecast for the next fiscal year indicates an increase in sales but a decrease in profits, which could suggest strategic investments or expansion costs. The inclusion of a Taiwan subsidiary in the consolidated scope may indicate a focus on international business development.

• SUMINOE announced its consolidated financial results for the fiscal year ended May 2026 (June 1, 2025 – May 31, 2026).
• Consolidated net sales totaled ¥107,633 million, representing a 2.7% increase compared to the previous fiscal year.
• Consolidated operating income was ¥2,369 million (down 21.1% year-on-year), and consolidated ordinary income was ¥2,764 million (up 10.0% year-on-year).
• Net income attributable to parent company shareholders turned to a loss of ¥340 million, compared to a profit of ¥669 million in the previous fiscal year.
• For the fiscal year ending May 2027, the company forecasts consolidated net sales of ¥106,500 million (down 1.1% year-on-year), operating income of ¥3,500 million (up 47.7% year-on-year), and net income attributable to parent company shareholders of ¥1,450 million.
• A year-end dividend of ¥18.50 per share was declared for FY2026 May, with a forecast of ¥21.00 per share for FY2027 May.

The FY2026 May results show an increase in net sales but a double-digit decline in operating income, leading to a net loss attributable to parent shareholders, which could be a key focus for investors. However, the company’s forecast for FY2027 May projects a significant recovery in both operating income and net income attributable to parent shareholders, suggesting that future business strategies and market developments will be important to monitor for their impact on performance.

• Elevator Communications Co., Ltd. announced its non-consolidated financial results for the fiscal year ended May 2026 (June 1, 2025 – May 31, 2026).
• For the fiscal year ended May 2026, net sales were ¥4,551.442 million (up 12.4% year-on-year), operating profit was ¥281.159 million (up 6.2%), ordinary profit was ¥290.835 million (up 10.6%), and net profit was ¥182.196 million (up 23.5%).
• By business segment, maintenance services revenue totaled ¥1,821.796 million (up 2.1% year-on-year), and preservation/renewal services revenue totaled ¥2,728.732 million (up 20.4%).
• As of the end of May 2026, total assets were ¥1,903.852 million (up ¥223.755 million from the previous fiscal year-end), and net assets were ¥573.070 million (up ¥219.810 million).
• For the fiscal year ending May 2027, the company forecasts net sales of ¥5,570 million (up 22.3% year-on-year) and net profit of ¥193 million (up 6.2%).

ELECOMI’s FY2026 May results show robust growth across all key metrics: net sales, operating profit, ordinary profit, and net profit, all increasing year-on-year. The strong performance in preservation and renewal services appears to be a key driver, suggesting the company is effectively addressing market demand. The positive outlook for FY2027, projecting further increases in both sales and profit, could indicate a continued expansion strategy.

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

• No.1 announced its consolidated financial results for the first quarter of the fiscal year ending February 2027.
• Net sales were ¥4,743 million, marking a 25.8% increase year-on-year, achieving a record high.
• Operating profit reached ¥177 million, up 19.0% year-on-year, also a record high.
• EBITDA was ¥403 million, an increase of 51.6% year-on-year, setting a new record.
• Ordinary profit decreased by 33.3% to ¥147 million, and net profit attributable to owners of parent declined by 38.6% to ¥26 million. This was primarily due to a one-off non-operating income of ¥74 million (surrender value of insurance policies) recorded in the same period of the previous fiscal year.
• The robust performance of existing businesses combined with contributions from newly consolidated companies (i-station, Shinshindo Shoko, LGIC, Gloria) that joined the group from the second half of the previous fiscal year, significantly boosted overall group sales.
• The equity ratio stood at 30.2%, a slight decrease of 1.0 percentage point from the end of the previous fiscal year.

No.1’s first-quarter results indicate that its M&A strategy is contributing to revenue growth, with net sales, operating profit, and EBITDA all reaching record highs. The increase in sales driven by consolidated subsidiaries and the improvement in gross profit margin appear to be key highlights. However, the decline in ordinary and net profits due to the absence of a one-off gain from the prior year is an important factor for investors to consider when evaluating the overall performance.

• For the first quarter of FY2027 (March 1, 2026 to May 31, 2026), consolidated net sales amounted to ¥46.279 billion, an increase of 30.0% compared to the previous fiscal year’s first quarter.
• Consolidated operating profit for the same period was ¥2.512 billion, marking a 65.8% increase year-over-year.
• Consolidated ordinary profit reached ¥3.316 billion (up 73.1% YoY), and net profit attributable to parent company shareholders was ¥2.102 billion (up 6.9% YoY).
• Sales in the Apparel-related business were ¥43.809 billion (up 28.3% YoY), and sales in Other businesses were ¥2.648 billion (up 63.2% YoY).
• The full-year consolidated earnings forecast for FY2027 remains unchanged, projecting net sales of ¥200.0 billion (up 19.7% YoY) and operating profit of ¥7.5 billion (up 73.4% YoY).

TSI HD’s Q1 FY2027 results show significant year-over-year increases in net sales, operating profit, and ordinary profit. This performance appears to be driven by the contributions of newly consolidated companies (Daytona International Co., Ltd. and Waterfront Co., Ltd.), coupled with strong performance from existing men’s casual brands, a recovery in certain women’s brands, and growth in its own e-commerce site. While the gross profit margin decreased due to the business structure of the newly consolidated entities, the selling, general, and administrative expense ratio improved, which could be a point of focus for investors.

• Izawa Towel announced its financial results for the first quarter of the fiscal year ending February 2027 (March 1, 2026 – May 31, 2026).
• Revenue before rebates reached ¥2,633 million, an increase of 114.4% year-on-year, marking a record-high for a first quarter.
• Segment-wise, ODM grew by 114.9% year-on-year, and Character IP grew by 139.8%.
• Total revenue was ¥2,518 million (up 115.2% YoY), operating profit was ¥76 million (down 77.6% YoY), ordinary profit was ¥293 million (compared to -¥238 million YoY), and quarterly net profit was ¥185 million (compared to -¥137 million YoY).
• Foreign exchange gains of ¥192 million were recorded due to the depreciation of the Japanese Yen since the beginning of the fiscal year, primarily from forward exchange contracts and foreign currency deposits.
• The company conducted share repurchases of 300,000 shares (¥205 million) from February 1 to March 31, 2026, and 600,000 shares (¥436 million) on June 26, 2026, totaling 900,000 shares held as of July 14, 2026.

The reported record-high Q1 revenue, driven by the resolution of previous inventory adjustments and production delays in India, suggests a robust recovery in core business operations, particularly in the ODM and Character IP segments. While strategic investments in marketing and human resources led to a decline in operating profit, the significant foreign exchange gains played a crucial role in improving ordinary and net profit figures. Investors may find it worthwhile to monitor the balance between strategic investments for long-term growth and their impact on short-term profitability.

• RAKS Co., Ltd. resolved at its Board of Directors meeting on July 14, 2026, to acquire an additional 6,906,100 common shares of Plus Alpha Consulting Co., Ltd. (PAC) from Oasis.
• This acquisition will increase RAKS’s total voting rights in PAC to 22.21% (including its existing 5.91%), making PAC an equity-method affiliate of RAKS.
• In conjunction with the share acquisition, RAKS and PAC have signed a memorandum of understanding regarding a capital and business alliance agreement.
• The memorandum includes provisions for restrictions on RAKS’s additional acquisition of PAC shares, the designation of a maximum of one non-executive director from RAKS to PAC, and PAC’s right of first refusal for PAC shares to be transferred to a third party by RAKS.
• RAKS has committed to respecting PAC’s governance and management autonomy, and will not solicit proxies against company proposals at PAC’s general shareholders’ meetings in principle.

This deeper alliance may strengthen the collaboration between RAKS’s SME-focused back-office DX and PAC’s enterprise HR solutions, potentially enhancing both companies’ competitiveness in the BtoB SaaS market. Building on the success of their existing OEM product, “Rakuraku Jinji Romu,” this move could accelerate their response to new market needs, such as generative AI utilization. RAKS’s commitment to respecting PAC’s management autonomy while acting as a stable shareholder and pursuing long-term synergies is a point of interest for future corporate value creation.

• A-Fusion announced its financial results for the first quarter of the fiscal year ending February 2027 (March 1, 2026, to May 31, 2026).
• Net sales reached JPY 455 million, representing a 20.0% increase compared to the same quarter of the previous year.
• The company reported an operating profit of JPY 65 million, an ordinary profit of JPY 65 million, and a quarterly net profit of JPY 59 million, marking a turnaround from losses in the prior year’s corresponding quarter (operating loss of JPY -15 million, ordinary loss of JPY -16 million, and quarterly net loss of JPY -16 million in Q1 FY2026).
• Diluted earnings per share for the quarter were JPY 41.46.
• As of the end of Q1 FY2027, total assets stood at JPY 749 million, net assets at JPY 419 million, and the equity ratio was 55.9%.
• The full-year forecast for FY2027 remains unchanged from the most recently published figures: net sales of JPY 1,650 million (+10.7% YoY), operating profit of JPY 33 million (+94.8% YoY), ordinary profit of JPY 32 million (+102.3% YoY), net profit of JPY 25 million, and EPS of JPY 17.43.
• From this first quarter, the company reorganized its main services into four domains and changed the sales breakdown classification from “support fields” to a “BtoC” / “BtoB” axis.

A-Fusion’s significant shift from a loss to a substantial profit, coupled with revenue growth, suggests a positive trajectory for the company’s performance. The reported effectiveness of productivity improvement measures and cost structure reviews may indicate a sustainable path toward enhanced profitability. Investors may want to monitor how the service reorganization and new sales segmentation align with the “Rising2028” mid-term management plan and contribute to the ongoing growth strategy.

• Asulina reported consolidated net sales of ¥521 million for the third quarter of the fiscal year ending August 2026, a decrease of 8.2% compared to the previous year.
• The company recorded an operating loss of ¥243 million, an ordinary loss of ¥257 million, and a net loss attributable to owners of the parent of ¥243 million.
• The company changed its corporate name from “G-III Holdings Co., Ltd.” to “Asulina Co., Ltd.” on February 1, 2026.
• Reporting segments were reorganized, consolidating “Renewable Energy Business,” “New Energy Business,” and “Storage Battery Business” into “Environmental Energy Business,” and adding “Live Commerce Business” as a new segment.
• The Live Commerce Business segment generated sales of ¥454 million and segment profit (operating profit) of ¥27 million.
• Total consolidated assets were ¥1,706 million, net assets were ¥858 million, and the equity ratio was 47.2%.
• During the cumulative period of the current quarter, MF6 Co., Ltd. was newly consolidated as a subsidiary.

Asulina’s Q3 results show a year-on-year decline in revenue, attributed to the sale of solar power plants in the prior fiscal year, indicating a potential one-off impact. The expansion of operating loss is noted to be influenced by increased selling, general, and administrative expenses related to new business development and underperforming sales of certain products. However, the consolidation of MF6 Co., Ltd. and the introduction of the “Live Commerce Business” segment, which contributed the majority of sales and profit, suggests a strategic shift in the company’s business portfolio and potential diversification of revenue streams going forward.

• Meiko Network Japan announced an increased year-end dividend for the fiscal year ending August 2026.
• The year-end dividend per share for the record date of August 31, 2026, has been revised from the initial forecast of JPY 14.00 to JPY 15.00.
• This adjustment, combined with the Q2-end dividend of JPY 14.00, results in a total annual dividend of JPY 29.00 per share for the fiscal year ending August 2026.
• The previous dividend forecast was announced on October 14, 2025.
• The company changed its capital and dividend policy from the fiscal year ending August 2025, setting a dividend payout based on a DOE (Dividend on Equity) ratio of approximately 5% to 7%.

Meiko Network Japan’s increased dividend announcement appears to reflect its commitment to shareholder returns under its revised capital and dividend policy. The adoption of a DOE-based dividend standard could signal the company’s intention to provide stable and continuous shareholder returns, less susceptible to short-term performance fluctuations. The stated reason of “smooth business performance as initially planned” may suggest the company’s confidence in its current and future financial outlook.

• Nihon Enterprise Co., Ltd. announced its financial results briefing material for the fiscal year ended May 2026 (June 2025 – May 2026).
• Consolidated net sales for FY2026/5 reached ¥4,466 million (up 0.6% year-on-year), operating profit was ¥82 million (up 21.0% year-on-year), and ordinary profit was ¥106 million (up 19.4% year-on-year).
• Net income attributable to owners of the parent company increased by 203.5% year-on-year to ¥65 million.
• By segment, the Creation business recorded sales of ¥1,827 million (up 1.5% year-on-year), with an increase in business support services offsetting a decrease in content services, contributing to overall revenue growth.
• The Solutions business reported sales of ¥2,639 million (down 0.1% year-on-year) due to decreases in system development services and operational support services.

Nihon Enterprise’s FY2026/5 results highlight a significant increase in operating profit and net income attributable to owners of the parent, despite only a slight rise in net sales. The growth in the Creation business and a reduction in selling, general, and administrative expenses likely contributed to this improved profitability. Investors may also note the company’s preparations for transitioning to a holding company structure starting December 1, 2026, which could indicate a strategic focus on optimizing group management and enhancing corporate value in the future.

• Geakley Co., Ltd. announced on July 14, 2026, that its Board of Directors resolved to revise (increase) the dividend forecast for the May 2026 fiscal year.
• The ordinary dividend per share will be increased by ¥2, from ¥18 to ¥20.
• Consequently, the total annual dividend per share is projected to be ¥32, which includes the ¥12 commemorative dividend for listing.
• The company’s basic dividend policy is progressive, targeting a dividend payout ratio of approximately 15%.
• This revision was made based on the full-year business performance.

This dividend increase aligns with Geakley’s stated policy of progressive dividends and a target payout ratio of 15%. The increase in the ordinary dividend, in addition to the commemorative listing dividend, could signal a strengthened commitment to shareholder returns. Investors may view this as a positive indicator of the company’s financial health and its dedication to balancing growth investments with capital efficiency improvements.

• G-ELEMENTS announced its consolidated financial results for the second quarter of the fiscal year ending November 2026 (interim period: December 1, 2025 – May 31, 2026).
• During this interim period, net sales reached ¥2,799 million (up 65.6% year-on-year), and EBITDA was ¥648 million (up 170.2% year-on-year).
• Operating profit was ¥327 million (up 1,825.3% year-on-year), and ordinary profit was ¥298 million (compared to an ordinary loss of ¥9 million in the previous interim period).
• Net income attributable to owners of the parent was ¥297 million (compared to a net loss attributable to owners of the parent of ¥451 million in the previous interim period).
• The full-year consolidated earnings forecast for the fiscal year ending November 2026 has been revised, with net sales projected to be between ¥5,600 million and ¥5,700 million, and net income attributable to owners of the parent between ¥200 million and ¥300 million.

G-ELEMENTS’ Q2 FY2026 results show a significant improvement across all key performance indicators compared to the previous year, notably turning a net loss into a profit. This performance may suggest the company is benefiting from increased demand for its “personal authentication solutions” and “personal optimization solutions,” driven by the expanding eKYC market. The revision of the full-year earnings forecast could indicate the company’s updated outlook based on current business developments and market conditions.

• G-propetec announced its consolidated financial results for the second quarter of the fiscal year ending November 2026.
• During the interim period, net sales reached ¥24,511 million, representing a 1.3% increase year-over-year.
• Operating income was ¥1,189 million (+10.3% YoY), ordinary income was ¥941 million (+5.0% YoY), and net income attributable to owners of parent was ¥563 million (+3.3% YoY).
• Interim net income per share stood at ¥45.26.
• The full-year consolidated earnings forecast for FY2026 remains unchanged, projecting net sales of ¥58,000 million, operating income of ¥2,500 million, ordinary income of ¥2,100 million, and net income attributable to owners of parent of ¥1,300 million.

G-propetec demonstrated growth in net sales and all key profit metrics for the second quarter of the fiscal year ending November 2026. The operating income growth exceeding sales growth could suggest improvements in profitability. With the full-year forecast maintained, the company’s performance appears to be progressing as planned, which investors may find noteworthy.

• P-Dplus reported for the interim period of fiscal year 2026 (December 1, 2025, to May 31, 2026) net sales of JPY 5.734 billion, operating profit of JPY 387 million, ordinary profit of JPY 362 million, and interim net profit of JPY 244 million.
• Basic earnings per share for the interim period was JPY 244.22.
• As for the financial position, total assets at the end of the interim period were JPY 3.735 billion, an increase of JPY 489 million compared to the end of FY2025. Net assets stood at JPY 339 million, a JPY 246 million increase from the previous fiscal year-end, with an equity ratio of 9.1%.
• The interim dividend was JPY 0.00, and there are no changes to the annual dividend forecast.
• The full-year forecast for FY2026 remains unchanged from the most recently announced figures: net sales of JPY 11.0 billion (up 18.8% year-on-year), operating profit of JPY 548 million (up 195.0%), ordinary profit of JPY 501 million (up 232.9%), net profit of JPY 328 million (up 256.8%), and basic earnings per share of JPY 328.35.
• The company began preparing interim financial statements from this interim accounting period, thus no comparison with the previous year’s interim period is provided.

The company has reported positive sales and profits across all stages for this interim period. While direct comparisons to the prior year’s interim results are unavailable, increases in accounts receivable, inventory, and fixed assets could suggest business expansion and investment. The significant growth in net assets, mainly driven by an increase in retained earnings, may indicate a strengthening of the company’s financial foundation.

• G-Kantsu HD announced its consolidated financial results for the first quarter of the fiscal year ending February 2027 (March 1, 2026 – May 31, 2026).
• Net sales reached ¥5,291 million, a 29.7% increase compared to the same period in the previous year.
• Operating profit was ¥78 million, turning profitable from an operating loss of ¥33 million in the prior year’s first quarter.
• Ordinary profit was ¥76 million (vs. ¥44 million ordinary loss YoY), and net income attributable to parent company shareholders was ¥16 million (vs. ¥11 million net loss attributable to parent company shareholders YoY).
• The company transitioned to a holding company structure as “Kantsu Holdings Co., Ltd.” on April 1, 2026, and reorganized its reporting segments into five categories: “Logistics Business,” “System Sales Business,” “Commerce DX Business,” “Cyber Business,” and “Estate Leasing Business.”

G-Kantsu HD’s Q1 FY2027 results show significant year-over-year improvements across sales and all profit metrics, notably an operating profit turnaround. This performance could indicate that the transition to a holding company structure and the segment reorganization are contributing to optimized business operations and improved profitability. The logistics segment’s 37.0% increase in sales and return to segment profit appear to be key drivers of the overall positive results, making the recovery and growth of core businesses a point of interest for investors.

• Muromachi Chemical Co., Ltd. reported non-consolidated net sales of ¥7,840 million for the fiscal year ended May 31, 2026 (June 1, 2025, to May 31, 2026), marking a 17.9% increase from the previous fiscal year.
• Operating profit reached ¥742 million (up 71.9% year-on-year), and ordinary profit was ¥707 million (up 64.5% year-on-year).
• Net profit for the period was ¥163 million (down 32.4% year-on-year), impacted by an extraordinary loss of ¥398 million due to impairment of fixed assets related to the pharmaceutical synthesis business.
• Segment-wise, Pharmaceutical Business sales were ¥3,985 million (up 23.9%), Health Food Business sales were ¥1,185 million (up 13.7%), and Chemical Business sales were ¥2,669 million (up 11.6%).
• For the full fiscal year ending May 2027, the company forecasts net sales of ¥7,100 million (down 9.4% year-on-year), operating profit of ¥550 million (down 26.0%), and net profit of ¥350 million (up 114.7%).

• Create Restaurants Holdings, Inc. announced the Q1 FY2027 financial results for SFP Holdings Co., Ltd., which was delisted on July 1, 2026, due to a merger.
• For Q1 FY2027 (March 1, 2026, to May 31, 2026), SFP Holdings reported consolidated net sales of 7,962 million yen (up 2.7% year-on-year).
• Operating profit was 472 million yen (down 20.4%), ordinary profit was 557 million yen (down 7.0%), and net income attributable to parent company shareholders was 326 million yen (down 16.0%).
• Segment-wise sales were: “Toriyoshi Business Division” at 1,461 million yen (up 7.7%), “Isomaru Business Division” at 4,386 million yen (down 4.3%), “Other Divisions” at 1,523 million yen (up 23.9%), and “Food Alliance Members” at 591 million yen (up 2.0%).
• As SFP Holdings was delisted on June 29, 2026, no dividend forecast or consolidated earnings forecast for FY2027 was provided.

This disclosure by Create Restaurants Holdings pertains to the quarterly results of SFP Holdings following their merger and SFP’s delisting. While sales increased, a decline in operating, ordinary, and net profits may suggest the impact of rising costs such as raw materials and labor within the restaurant industry. Investors may want to monitor how the performance of the integrated SFP Holdings will influence Create Restaurants Holdings’ overall financial results.

• Mediadou 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 totaled ¥27,074 million, marking a 4.1% increase compared to the same period in the previous year.
• Operating profit was ¥440 million (down 32.6% year-on-year), ordinary profit was ¥203 million (down 69.6% year-on-year), and net profit attributable to parent company shareholders was ¥129 million (down 84.2% year-on-year).
• The e-book distribution business recorded sales of ¥25,141 million (up 3.9% year-on-year), but its segment profit was ¥1,159 million (down 3.6% year-on-year).
• The company stated that costs related to the acquisition of Seven Seas Entertainment, LLC in March 2026 impacted the significant decline in net profit attributable to parent company shareholders.

• P-Katsumi Japan announced its interim financial results for the fiscal year ending November 2026 (December 1, 2025 – May 31, 2026).
• Net sales were ¥1,200,098 thousand (down 5.0% year-on-year), operating profit was ¥118,371 thousand (down 16.0% YoY), ordinary profit was ¥116,812 thousand (down 16.3% YoY), and interim net profit was ¥81,014 thousand (down 11.6% YoY).
• The full-year forecast for FY2026 was revised to net sales of ¥2,484,000 thousand (down 2.6% YoY), operating profit of ¥234,241 thousand (down 1.1% YoY), ordinary profit of ¥229,544 thousand (down 2.4% YoY), and net profit of ¥150,145 thousand (down 5.9% YoY).
• The year-end dividend forecast for FY2026 was revised to ¥14.87 per share (a revision from the most recently published forecast).
• Total assets for the interim period amounted to ¥1,526,582 thousand (up ¥49,036 thousand from the previous fiscal year-end), and net assets were ¥620,039 thousand (up ¥48,939 thousand from the previous fiscal year-end).

The company reported a decline in sales and all profit metrics for the interim period, with full-year and dividend forecasts also revised downwards. This trend may be influenced by factors such as rising material costs and a shift towards lower-priced competitors in the medical meal service industry. Conversely, both total assets and net assets increased, which could indicate a strengthening of the company’s financial position.

• For the first quarter of the fiscal year ending February 2027 (March 1, 2026, to May 31, 2026), consolidated net sales reached ¥1,249 million, representing a 33.7% increase year-on-year.
• Operating profit for the quarter was ¥102 million (up 243.0% YoY), ordinary profit was ¥101 million (up 247.6% YoY), and net profit attributable to parent company shareholders was ¥65 million (up 244.3% YoY).
• Year-on-year percentage changes for the first quarter of FY2026 are not provided as the company began preparing quarterly consolidated financial statements from that period.
• The equity ratio at the end of the quarter improved to 49.8% from 45.8% at the end of the previous fiscal year.
• The full-year consolidated earnings forecast remains unchanged: net sales of ¥5,538 million, operating profit of ¥431 million, ordinary profit of ¥427 million, and net profit attributable to parent company shareholders of ¥282 million.
• The number of users for the diaper subscription service increased by 56,320 from the end of the previous consolidated fiscal year to 184,093, and the number of contracted childcare facilities increased by 759 to 10,059.

P-BABY JOB’s Q1 FY2027 results show significant growth across key financial metrics, driven by a substantial increase in users and contracted facilities for its diaper subscription service. The improved equity ratio may suggest strengthening financial health. The company’s decision to maintain its full-year earnings forecast indicates that management views the current performance as aligned with their plans.

• G-CaSy announced its consolidated financial results for the second quarter (interim) of the fiscal year ending November 2026.
• Net sales for the interim period reached ¥1,033 million, representing a 15.1% increase compared to the previous year’s interim period.
• The company reported an operating loss of ¥6 million (compared to an operating profit of ¥13 million in the prior year period) and an ordinary loss of ¥5 million (compared to an ordinary profit of ¥16 million in the prior year period).
• Net loss attributable to owners of parent was ¥5 million (compared to a net profit of ¥9 million in the prior year period).
• Total assets stood at ¥670 million, net assets at ¥269 million, and the equity ratio was 40.1%.
• During the interim consolidated accounting period, the company fully launched the acceptance of foreign domestic support personnel (Jolly Cast) utilizing the National Strategic Special Zones system, with services starting in May.
• Collaboration with local governments, primarily in Tokyo, has been steadily promoted, with participation in Musashino City’s project starting in April.

While G-CaSy shows robust sales growth, its profits appear to be temporarily constrained by upfront investments. The full-scale acceptance of foreign domestic support personnel and strengthened collaboration with local governments could position the company for future supply capacity enhancements and market expansion. Investors may want to monitor how these strategic investments translate into future financial performance.

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

• BOOKOFF Group Holdings Co., Ltd. announced a partial correction to its “Consolidated Financial Results for the Fiscal Year Ended May 2026 (Japanese GAAP)” initially published on July 13, 2026.
• The date of this correction announcement is July 14, 2026.
• This correction is limited to revisions in the description of the “Notes to Consolidated Statements of Comprehensive Income.”
• The company stated that there is no impact on the consolidated balance sheet, consolidated statements of income, consolidated statements of comprehensive income, or any other financial statement figures.
• The specific corrections are within the “Reclassification adjustments and tax effects for other comprehensive income” section, for the “Current consolidated fiscal year (from June 1, 2025, to May 31, 2026),” where “Valuation difference on available-for-sale securities” “Amount arising during the period” changed from “△71 million yen” to “63 million yen,” and “Reclassification adjustments” changed from “－” to “△67.”

This correction primarily concerns a re-statement within the notes to the consolidated financial statements, with no reported impact on the core financial figures, which may be a key point for investors. The revision of specific values in the “Notes to Consolidated Statements of Comprehensive Income” could be viewed as an action to ensure accuracy and transparency in corporate disclosure. Such corrections periodically occur as part of maintaining the integrity of publicly available financial information.

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

• Ｐ－ハートアップ reported ¥386 million in net sales for the fiscal year ended May 2026, marking an 18.5% increase year-over-year.
• Operating loss for the period was ¥50 million, an increase from the ¥44 million operating loss in the prior fiscal year.
• Ordinary profit significantly increased by 126.1% year-over-year, reaching ¥10 million.
• Net profit for the period turned positive at ¥7 million, compared to a net loss of ¥1 million in the previous fiscal year.
• For the fiscal year ending May 2027, the company forecasts net sales of ¥441 million (14.3% increase), ordinary profit of ¥20 million (92.0% increase), and net profit of ¥14 million.

Ｐ－ハートアップ’s fiscal year 2026 results show notable growth in top-line revenue and a return to profitability at both ordinary and net profit levels. The strong performance in its after-school day service business and strategic investments in data business infrastructure may suggest positive momentum for future earnings. However, the continued operating loss and specific movements in cash flow could be worth monitoring for investors.

• Copro HD has decided to execute an absorption-type merger between its consolidated subsidiaries, TE Holdings Co., Ltd. (dissolved company) and Tryit Engineering Co., Ltd. (surviving company).
• The effective date of the merger is scheduled for October 1, 2026.
• The surviving company, Tryit Engineering Co., Ltd., will change its trade name to “SK Fields Co., Ltd.” on the same effective date of the merger.
• The merger aims to consolidate the headquarters functions of the intermediate holding company, TE Holdings, into the parent company, Copro HD, to enhance the efficiency and strengthen the functions of indirect departments across the group.
• The trade name change intends to strengthen the unique brand image in the construction technician dispatch and placement business, specifically in the “construction management” domain, to increase market recognition, build trust, and further expand business.

This merger appears to be an internal reorganization aimed at optimizing management resources and improving efficiency within the Copro HD group. Consolidating the functions of the intermediate holding company into the parent company could potentially lead to faster decision-making and cost reductions. Furthermore, the trade name change of the surviving company may suggest a strategic move to reinforce a specialized brand image within a specific business sector, which could enhance its future competitiveness in the market.

• Image One Co., Ltd. resolved to acquire all shares of Prism Medical Co., Ltd., making it a subsidiary, at a board meeting held on July 14, 2026.
• Prism Medical Co., Ltd. develops and sells medical image management systems (PACS) “PrismPacs” and health checkup systems, holding licenses such as Class II Medical Device Manufacturing and Sales.
• Image One previously had an OEM agreement with Prism Medical, entrusting it with PACS development and maintenance services.
• The acquisition aims to strengthen Image One’s medical business foundation by improving product development speed, enhancing customer response capabilities, and stabilizing maintenance revenue.
• The share transfer is scheduled for July 31, 2026, and the acquisition price remains undisclosed due to a confidentiality agreement with the counterparty.

This subsidiary acquisition suggests Image One’s strategic move to vertically integrate its operations in the medical sector, bringing in a company with which it already had an OEM partnership. The goal appears to be to establish an end-to-end system from product development to sales and after-sales support, aiming for enhanced market competitiveness and a more stable revenue structure. The transition from a cooperative alliance to a capital relationship could potentially strengthen the synergy between the two companies, and the realization of these business synergies will be a point to monitor.

• For the nine months ended Q3 FY2026, TOSE’s game business reported increased sales year-on-year, but a significant decline in segment operating profit.
• Factors contributing to the operating profit decrease include a several percent increase in fixed costs, such as personnel expenses, due to continuous talent investment like base-ups.
• In Q3, development of a home console game software for an overseas client was temporarily suspended (restart date undecided), leading to unexpected resource idle time.
• A major factor in the decrease of gross profit for Q3 FY2026 was the negative impact from a one-time increase in revenue share during Q1 FY2025 due to client campaigns.
• No compensation was received from the client for the temporarily suspended project, and TOSE is considering incorporating compensation clauses into future contracts for similar situations.
• Two new development projects secured and launched during the current fiscal year are expected to drive future sales growth, but they are not sufficient to fully cover the lost capacity for the current fiscal year (ending August 2026) due to the large scale of the suspended overseas project.

TOSE’s Q3 earnings Q&A reveals the immediate challenges faced by its game business, stemming from a combination of rising fixed costs and the unexpected halt of a major overseas project. This situation indicates a short-term pressure on profitability that investors should monitor closely. However, the company is actively pursuing countermeasures, including securing new projects and reviewing contract terms for future stability, which could mitigate risks in the long run.

• Lapine Co., Ltd. announced its consolidated financial results for the first quarter of the fiscal year ending February 2027 (March 1, 2026 – May 31, 2026).
• Net sales were ¥455 million, representing a 4.8% decrease compared to the same period in the previous year.
• Operating loss was ¥66 million (compared to ¥71 million loss in the prior year), and ordinary loss was ¥64 million (compared to ¥70 million loss in the prior year).
• Net income attributable to parent company shareholders turned positive to ¥14 million, from a loss of ¥72 million in the previous year, primarily due to a gain on sales of investment securities.
• The consolidated full-year forecast for FY2027 remains unchanged from the most recently announced figures, projecting net sales of ¥1,890 million (up 0.9% YoY) and a net loss attributable to parent company shareholders of ¥132 million.

Lapine’s Q1 FY2027 results show a notable shift to net profit, largely driven by gains from the sale of investment securities, despite a decline in net sales. The company continued to report operating and ordinary losses, indicating ongoing challenges in its core apparel business within a tough market environment. Investors may focus on how the company plans to improve core profitability and track its progress against the full-year forecast in subsequent quarters.