Japan Stock IR Daily – July 29, 2026 (55 reports)

• G-Grid Solutions Co., Ltd. was listed on the Tokyo Stock Exchange Growth Market on July 29, 2026.
• The consolidated financial forecast for the fiscal year ending June 2026 includes net sales of 25,464 million JPY (up 11.0% year-on-year), operating profit of 3,238 million JPY (up 3.2% year-on-year), ordinary profit of 2,497 million JPY (up 4.5% year-on-year), and net profit of 1,723 million JPY (up 8.0% year-on-year).
• The consolidated financial forecast for the fiscal year ending June 2027 includes net sales of 30,966 million JPY (up 21.6% year-on-year), operating profit of 3,844 million JPY (up 18.7% year-on-year), ordinary profit of 3,080 million JPY (up 23.3% year-on-year), and net profit of 2,140 million JPY (up 24.2% year-on-year).
• By segment, the GX Solution business is projected to achieve 13,442 million JPY (up 50.7% year-on-year) in FY2026, while the Energy Trading business is expected to reach 12,255 million JPY (down 13.8% year-on-year).
• For FY2027, the GX Solution business is projected at 17,147 million JPY (up 27.6% year-on-year), and the Energy Trading business at 14,176 million JPY (up 15.7% year-on-year).

G-Grid Solutions’ listing on the TSE Growth Market is accompanied by financial forecasts indicating sustained growth in net sales for the next two fiscal years. The GX Solution business appears to be a key driver, with a significant projected year-on-year increase of 50.7% for FY2026. Investors may find it valuable to monitor the performance of this core segment, particularly its ability to maintain momentum and contribute to overall profitability, alongside the evolving energy trading landscape.

• Able Co., Ltd. was listed on the Tokyo Stock Exchange Standard Market on July 29, 2026.
• The company’s performance forecast for the fiscal year ending July 2026 (August 1, 2025 – July 31, 2026) projects net sales of JPY 9,783 million (up 8.9% YoY), operating income of JPY 1,131 million (up 68.6% YoY), ordinary income of JPY 1,110 million (up 69.1% YoY), and net income of JPY 729 million (up 53.3% YoY).
• For the third quarter of the fiscal year ending July 2026 (August 1, 2025 – April 30, 2026), actual results show net sales of JPY 7,347 million, operating income of JPY 880 million, ordinary income of JPY 897 million, and quarterly net income of JPY 620 million.
• Earnings per share (EPS) are projected at JPY 97.16 for the fiscal year ending July 2026 (forecast), JPY 85.10 for the third quarter cumulative period (actual), and JPY 65.83 for the fiscal year ending July 2025 (actual).
• The main construction business accounts for the majority of sales, with approximately 70% of that attributed to decommissioning work at Tokyo Electric Power Company Holdings’ Fukushima Daiichi Nuclear Power Station.

Able Co., Ltd.’s listing on the Tokyo Stock Exchange Standard Market may enhance its corporate visibility and facilitate future business expansion. The announced performance forecast for the fiscal year ending July 2026 shows significant year-on-year growth across all profit metrics, with particularly high growth rates in operating and ordinary income. The progress of decommissioning work at the Fukushima Daiichi Nuclear Power Station and increasing new orders related to the restart of other nuclear power plants are considered key drivers for the company’s future performance.

• Tokuyama reported consolidated net sales of ¥85,654 million for the first quarter of the fiscal year ending March 2027, representing a 4.7% increase year-on-year.
• Operating profit was ¥6,076 million (down 22.9% year-on-year), and ordinary profit was ¥6,708 million (down 11.8% year-on-year).
• Profit attributable to owners of parent for the quarter was ¥5,204 million, an increase of 6.0% year-on-year.
• The full-year consolidated performance forecast for FY2027 and the annual dividend forecast have been revised. The company now expects full-year net sales of ¥392,000 million (up 12.2% year-on-year), operating profit of ¥34,000 million (down 8.2% year-on-year), and profit attributable to owners of parent of ¥26,000 million (up 17.1% year-on-year).
• The annual dividend forecast has been revised to ¥132 per share (interim ¥60, year-end ¥72).

The increase in net sales is attributed to the consolidation of Tokuyama Life Science Group and increased sales of semiconductor-related products, suggesting a shift in business portfolio. However, a decline in chemical product sales, higher raw material and fuel costs, and increased selling, general, and administrative expenses contributed to the decrease in operating profit. The growth in profit attributable to owners of parent was supported by improvements in extraordinary gains (increase in gains on sales of investment securities) and foreign exchange differences, which may indicate the impact of non-operating factors on the bottom line.

• Zenhoren announced on July 29, 2026, an upward revision to its H1 and full-year earnings forecasts for the fiscal year ending March 2027, along with an increase in the year-end dividend forecast.
• For H1 FY2027, while net sales remain unchanged from the previous forecast at 13,459 million yen, operating profit is revised up by 13.3% from 1,707 million yen to 1,933 million yen, ordinary profit by 13.2% from 1,705 million yen to 1,930 million yen, and H1 net profit by 10.9% from 1,193 million yen to 1,323 million yen.
• For the full year FY2027, net sales are also unchanged at 27,416 million yen. However, operating profit is revised up by 13.3% from 3,530 million yen to 4,000 million yen, ordinary profit by 13.2% from 3,532 million yen to 4,000 million yen, and full-year net profit by 10.9% from 2,524 million yen to 2,800 million yen.
• Reasons cited for the revisions include concentrating management resources on transactions with high-quality customers through collaboration with MUFG, focusing on high-value-added products like the “Mitsubishi UFJ Card Plan,” continuous reduction of credit costs through an AI-driven screening system, and cost savings from digitalization and efficiency improvements utilizing IT and AI.
• The year-end dividend forecast for FY2027 has been revised upwards from 48 yen 00 sen per share to 54 yen 00 sen per share, an increase of 6 yen. This is based on the company’s dividend policy of implementing progressive dividends, choosing the higher of 40 yen or more per share or a payout ratio of 50% or more.

Zenhoren’s upward revision to its earnings forecast appears to stem from successful synergies with the MUFG Group and effective implementation of AI technologies for operational efficiency and credit cost reduction. The fact that profit margins are significantly improving despite unchanged net sales, coupled with the dividend increase, could be a key focus for investors. The company’s stated “progressive dividend” policy might suggest a commitment to enhancing shareholder returns.

• MARUWA reported consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026 – June 30, 2026), with net sales of JPY 19,267 million (up 11.7% year-on-year), operating profit of JPY 6,348 million (up 5.8%), ordinary profit of JPY 6,574 million (up 14.9%), and profit attributable to owners of parent of JPY 4,466 million (up 15.2%).
• The first quarter marked record-high performance in both net sales and operating profit.
• By segment, the Ceramic Components business recorded sales of JPY 16,785 million (up 10.1% year-on-year) and segment profit of JPY 6,444 million (up 6.3%). The Lighting Equipment business achieved sales of JPY 2,482 million (up 23.7% year-on-year) and segment profit of JPY 497 million (up 47.7%).
• The full-year consolidated earnings forecast has been revised, projecting net sales of JPY 93.3 billion (up 25.3% from previous forecast) and operating profit of JPY 33.7 billion (up 34.9%). Specific figures for ordinary profit and below are not disclosed due to anticipated fluctuations mainly from foreign exchange factors.
• The year-end dividend forecast remains JPY 55 (total annual dividend JPY 110), with no revision from the most recently announced dividend forecast.

MARUWA’s record-high Q1 performance and upward revision of its full-year forecast appear to be driven by increasing demand in next-generation high-speed communication and semiconductors. The significant growth in sales and segment profit for the Lighting Equipment business could indicate a strong response to government initiatives for LED adoption. The high equity ratio of 91.5% of total assets also suggests a robust financial position, which may offer stability for future growth investments.

• Sugimoto Shoji’s consolidated financial results for the first quarter of fiscal year 2027 (April 1, 2026 – June 30, 2026) show net sales of 12,132 million yen, an 8.6% increase year-on-year.
• Operating profit reached 487 million yen (up 75.8% year-on-year), ordinary profit was 614 million yen (up 58.0% year-on-year), and net income attributable to owners of parent was 384 million yen (up 66.7% year-on-year).
• By segment, the East, Central, and West regions all reported increases in both net sales and segment profit compared to the previous year. Strong demand in semiconductor-related fields, data center investments, and energy-related equipment contributed to these results.
• The Overseas segment recorded net sales of 563 million yen (up 31.4% year-on-year), but segment profit decreased by 4.3% to 28 million yen.
• There were no revisions to the full-year consolidated earnings forecast or the annual dividend forecast for the fiscal year ending March 2027.

Sugimoto Shoji’s first-quarter results demonstrate significant growth across sales and all profit metrics compared to the previous year. This robust performance appears to be largely driven by strong demand in semiconductor-related sectors and heavy industries within Japan. While the overseas segment showed increased sales, a decline in profit suggests varying regional economic conditions and market dynamics may be influencing profitability there.

• Zeon Corporation announced its financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026 – June 30, 2026).
• Consolidated net sales reached ¥109,466 million, a 6.2% increase compared to the same period of the previous year.
• Consolidated operating profit was ¥16,300 million, marking a 34.4% increase year-on-year.
• Net profit attributable to owners of the parent company amounted to ¥12,711 million, up 69.4% from the prior year’s first quarter.
• The High-Functional Materials business segment reported sales of ¥33,839 million (an increase of ¥4,543 million year-on-year) and operating profit of ¥10,109 million (an increase of ¥2,721 million year-on-year).
• The Elastomer Materials business segment reported sales of ¥58,161 million (an increase of ¥92 million year-on-year) and operating profit of ¥5,546 million (an increase of ¥1,320 million year-on-year).
• There are no revisions to the full-year consolidated earnings forecast or the year-end dividend forecast (total dividend of ¥79.00, including a year-end dividend of ¥40.00).

Zeon’s first-quarter results show significant increases across key financial metrics, with the High-Functional Materials business segment appearing to be a primary driver of overall performance. Strong demand for cycloolefin polymers for semiconductor applications, optical films for large-screen TVs, battery materials, and electronic materials likely contributed to the segment’s growth. The Elastomer Materials business also demonstrated improved profitability, influenced by sales price revisions and the depreciation of the Japanese Yen, which may suggest a broad-based positive momentum across the company’s diverse business portfolio.

• G-SBI Insurance Group announced flash earnings for the first quarter of the fiscal year ending March 2027 (April 1, 2026 – June 30, 2026).
• Consolidated ordinary revenue is projected to be ¥42,144 million (up 20.6% year-on-year), and ordinary profit is projected to be ¥6,020 million (up 23.3% year-on-year).
• Net income attributable to parent company shareholders is expected to be ¥2,380 million (up 9.8% year-on-year), with diluted earnings per share of ¥95.90.
• Ordinary revenue, ordinary profit, net income attributable to parent company shareholders, and diluted earnings per share are all expected to mark new record highs for a first quarter.
• The primary driver for the increase in revenue is the robust growth in in-force policies across all business segments (non-life insurance, life insurance, and small-amount short-term insurance).

This earnings flash indicates that key revenue metrics are anticipated to reach new highs for the first quarter. The consistent growth in in-force policies across all segments, particularly the significant increase in segment profit for the life insurance business, could be a focal point for investors assessing future performance. The company also anticipates securing its full-year profit target, suggesting that the effectiveness of profit improvement measures in each segment may be worth monitoring as they progressively impact results.

• G-Technologies announced on July 29, 2026, its board of directors resolved to acquire shares of LUCE Inc. (hereinafter “the target company”) and make it a consolidated subsidiary.
• G-Technologies will acquire 255 shares, representing 51% of the target company’s voting rights, for an acquisition price of JPY 650 million. The share transfer is scheduled to be executed on August 1, 2026.
• The target company operates a reuse technology business, including a B2B auction system, AI appraisal system, and product management system, focusing on the buying and selling of luxury watches and branded goods.
• G-Technologies secured a JPY 650 million loan agreement with Resona Bank to fund the acquisition. This loan includes financial covenants requiring the consolidated net assets to be maintained at 75% or more of the previous year and a DSCR of 1.05x or more from January 2028.
• For the fiscal year ended February 2026, the target company reported net sales of JPY 6,440,105 thousand and operating profit of JPY 109,325 thousand. It projects net sales of approximately JPY 8,000,000 thousand and operating profit of approximately JPY 200,000 thousand for the fiscal year ending February 2027.

• AreaLink reported for the second quarter of the fiscal year ending December 2026: net sales of ¥16,338 million (+16.1% YoY), operating profit of ¥3,607 million (+19.4% YoY), ordinary profit of ¥3,375 million (+15.5% YoY), and quarterly net income of ¥2,360 million (+13.7% YoY), indicating both increased revenue and profit.
• The Storage Business segment recorded net sales of ¥13,668 million (+14.1% YoY) and operating profit of ¥3,687 million (+11.6% YoY), achieving revenue and profit growth. New store openings of 11,008 units (including 224 additions to existing properties) increased total units to 134,612.
• The Land Rights Development Business segment achieved net sales of ¥1,900 million (+45.4% YoY) and operating profit of ¥450 million (+150.1% YoY), driven by early settlement of planned projects in the latter half and large-scale project settlements.
• The full-year earnings forecast has been revised upwards, projecting net sales of ¥28,700 million (+8.6% YoY), operating profit of ¥6,050 million (+10.6% YoY), ordinary profit of ¥5,670 million (+9.2% YoY), and net income of ¥3,815 million (+3.0% YoY).
• The dividend forecast was also revised, with the interim dividend for FY2026 increasing from ¥13.00 to ¥14.50, and the total annual dividend, including the year-end forecast, set at ¥27.50.

AreaLink’s Q2 FY2026 results demonstrate robust growth in its core Storage Business and Land Rights Development segments, contributing to an overall increase in revenue and profit. The significant profit increase in the Land Rights Development Business, due to early settlement of large projects, suggests a positive impact from the diversification of its business portfolio. The upward revision of both full-year earnings and dividend forecasts could be interpreted as the company’s confidence in its ongoing business performance and future outlook.

• Nankai Tatsumura Construction Co., Ltd. announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026, to June 30, 2026).
• Consolidated net sales were ¥9,790 million (down 14.2% year-on-year), operating profit was ¥465 million (down 22.3%), ordinary profit was ¥440 million (down 27.2%), and profit attributable to owners of parent was ¥299 million (down 28.0%).
• By segment, construction business sales were ¥9,742 million (down 14.3%), with segment profit of ¥461 million (down 22.8%). Real estate business sales were ¥50 million (up 9.2%), with segment profit of ¥10 million (up 29.1%).
• Total assets were ¥31,708 million (down ¥3,370 million from the previous consolidated fiscal year-end), net assets were ¥19,430 million (down ¥272 million), and the equity ratio was 61.3%.
• The consolidated earnings forecast for the fiscal year ending March 2027 (full year and cumulative Q2) remains unchanged from the announcement made on April 28, 2026. The annual dividend forecast is also maintained at ¥8.00.

Nankai Tatsumura Construction’s Q1 FY2027 results show a decline across key revenue and profit metrics compared to the previous year. This appears to be primarily driven by the construction segment, where a large project from the prior period influenced current performance. However, the real estate segment achieved growth in both sales and profit, indicating some strength in its diversified operations. The company’s decision to maintain its full-year earnings forecast suggests confidence in achieving its initial targets, which investors may find worth monitoring as the fiscal year progresses.

• Dawn Inc. reported sales of 1.734 billion JPY (vs. target 1.7 billion JPY) and operating profit of 655 million JPY (vs. target 619 million JPY) for FY2026, exceeding plans for both sales and profit, achieving consecutive record highs. The operating profit margin increased by approximately 3%.
• Cloud usage fees accounted for approximately 52% of sales, with recurring revenue (cloud usage fees and maintenance) totaling approximately 59% (1,024.55 million JPY) of overall revenue.
• The “Live119” service, part of the “Live series,” reached a population coverage ratio of 57.7%, with increasing adoption by social infrastructure companies. The crime prevention app was newly introduced in four prefectural police departments, bringing the total to 21, and is expected to be used by over half of the nationwide prefectural police departments in the current fiscal year.
• The “International Call Blocking Function” implemented in the Tokyo Metropolitan Police Department’s crime prevention app reportedly reduced the number of recognized special fraud cases and damage amounts by approximately 40% year-on-year from January to May 2026.
• For FY2027, the company forecasts sales of 1.8 billion JPY, expecting to achieve record high sales for the 10th consecutive period and record high net profit for the 8th consecutive period. Regarding M&A, the company aims to make tiwaki a subsidiary during the 2nd medium-term management plan period (by May 2028) and is also in discussions with another company.

Dawn Inc.’s FY2026 results demonstrate robust growth, surpassing conservative targets, with particular attention to the expansion of AI-driven services and the improved recurring revenue ratio. The success of the international call blocking function in addressing social issues reinforces the company’s “Essential Company” vision. Future M&A strategies, including the potential acquisition of tiwaki, could also be key drivers for continued growth and warrant monitoring.

• For the first quarter of FY2027, consolidated operating revenue increased by 37.0% year-over-year to ¥5,812 million.
• Consolidated net income attributable to parent company shareholders significantly rose by 730.4% year-over-year to ¥1,054 million.
• Net operating revenue stood at ¥5,683 million (up 42.1% YoY), operating profit at ¥238 million, and ordinary profit at ¥447 million.
• Earnings per share for the quarter were ¥33.82.
• As of the end of the first quarter, total assets were ¥137,398 million, net assets were ¥50,734 million, and the equity ratio was 34.8%.
• The company has not disclosed a consolidated full-year earnings forecast for FY2027 due to the nature of the financial instruments business.
• Total assets under custody reached ¥2,617 billion as of June 30, 2026 (up 24.8% YoY), with stock-based product assets under custody at ¥679.2 billion (up 45.2% YoY).

Aizawa Securities Group’s Q1 FY2027 results show a strong start, with significant increases in operating revenue and net income attributable to parent shareholders compared to the prior year. The substantial growth in stock-based product assets under custody may indicate progress in shifting towards a more stable revenue structure, as outlined in their medium-term management plan. Given that full-year earnings forecasts are not disclosed for financial instruments businesses, ongoing developments in market conditions and the company’s strategic initiatives will be worth monitoring.

• Komatsu Ltd. (Komatsu, stock code 6301) announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026 to June 30, 2026).
• Consolidated net sales amounted to ¥1,043,143 million, representing a 14.7% increase compared to the same period of the previous fiscal year.
• Consolidated operating income was ¥151,553 million, an 8.0% increase year-on-year.
• Net income attributable to owners of Komatsu Ltd. was ¥96,153 million (+5.4% YoY), with diluted net income per share at ¥107.20.
• The full-year consolidated forecast includes net sales of ¥4,302,000 million (+4.1% YoY) and operating income of ¥555,000 million (-2.2% YoY), indicating a revision from the latest publicly announced forecasts.
• By segment, Construction, Mining & Utility Equipment sales were ¥966,934 million (+14.4% YoY), and Industrial Machinery and Others sales were ¥52,895 million (+21.7% YoY).

Komatsu’s Q1 FY2027 results show increased sales and operating income, attributed to the depreciation of the Japanese Yen, improved selling prices, and higher sales volumes. While the Americas region experienced significant revenue growth, Asia and Japan saw decreases, suggesting that regional strategies could be a point of focus for investors going forward. The revision to the full-year earnings forecast is also a key piece of information for investors to consider.

• Nippon Sanso Holdings announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026, to June 30, 2026).
• Revenue reached ¥361,763 million, marking a 14.9% increase year-on-year.
• Core operating profit was ¥54,688 million, up 19.9% compared to the same period last year.
• Net profit attributable to owners of the parent company amounted to ¥43,716 million, a substantial increase of 54.0% year-on-year.
• By segment, the U.S., Europe, Asia & Oceania, and Thermos segments all achieved increased revenue and profit, while the Japan segment saw a decrease in both.
• Foreign exchange fluctuations contributed approximately ¥26.9 billion to overall revenue and ¥4.2 billion to core operating profit.

Nippon Sanso Holdings’ Q1 FY2027 results demonstrate a strong start to the fiscal year, with double-digit growth across revenue, core operating profit, and net profit attributable to owners of the parent. This performance appears to be driven by an increase in overall product shipments, effective price management, and ongoing productivity improvement programs across the group, further supported by favorable foreign exchange rates. While segments in the U.S., Europe, and Asia & Oceania showed robust growth, the decline in the Japan segment, particularly in electronics-related equipment and engineering, is a factor to observe in future reports.

• Koito Manufacturing Co., Ltd. announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026 to June 30, 2026).
• Consolidated net sales reached ¥240,883 million, representing a 9.6% increase compared to the same period of the previous fiscal year.
• Consolidated operating profit was ¥16,557 million, a significant increase of 39.1% year-on-year.
• Consolidated ordinary profit stood at ¥18,475 million (up 46.6% YoY), and profit attributable to owners of parent was ¥14,657 million (up 44.8% YoY).
• Diluted earnings per share for the quarter were ¥55.77.
• The full-year consolidated earnings forecast (Net sales: ¥933,000 million, Operating profit: ¥60,000 million, Ordinary profit: ¥65,500 million, Profit attributable to owners of parent: ¥39,500 million) remains unchanged from the most recently announced figures.

Koito Manufacturing’s Q1 FY2027 results show solid growth, with net sales up 9.6% and operating profit increasing by 39.1%. This performance appears to be supported by foreign exchange translation effects, new orders in Japan, the Americas, and Asia, as well as increased sales of existing product lines. While the sale of policy-held shares contributed to net profit, ongoing geopolitical tensions and trade policies could pose challenges, making future performance worth monitoring.

• Hakuto Corporation announced on July 29, 2026, revisions (upward) to its consolidated earnings forecasts for the second quarter and full fiscal year ending March 2027, as well as a revision (increase) to its dividend forecast.
• The consolidated full-year earnings forecast for FY2027 has been revised to Net Sales of JPY 227.5 billion (up 1.1% from previous forecast), Operating Income of JPY 9.6 billion (up 9.1%), Ordinary Income of JPY 8.6 billion (up 14.7%), and Net Income Attributable to Owners of Parent of JPY 6.4 billion (up 12.3%).
• Key reasons for the revision include increased demand for semiconductors for industrial equipment, optical components for communication, and general electronic components like connectors in the electronic components business, driven by the robust AI and data center markets. Increased inquiries for vacuum equipment and PCB-related equipment in the electronic/electrical equipment business also contributed.
• On the profit front, the increase in sales and improved profit margins, primarily due to the depreciation of the yen in the electronic components business, are expected to contribute.
• The annual dividend forecast for FY2027 has been revised to JPY 255 (pre-split equivalent; previously JPY 220), with a projected consolidated dividend payout ratio of 75.0%. This revision includes changes to the year-end dividend forecast due to a 3-for-1 stock split effective October 1, 2026.

This upward revision in earnings forecasts suggests that the growth of the AI and data center markets is tangibly contributing to Hakuto’s business performance. The impact of the weaker yen on profit margins in the electronic components business is noteworthy, as it highlights the interplay between the company’s business structure and currency fluctuations. Furthermore, the commitment to stable dividend increases, aligned with the “Hakuto 2028” medium-term management plan, could be seen as a positive signal regarding shareholder returns.

• Uematsu Shokai Co., Ltd. announced its non-consolidated financial results for the first quarter of FY2027 (March 21, 2026 – June 20, 2026).
• For the first quarter, net sales totaled 1,680 million yen, an increase of 6.6% compared to the same period in the previous year.
• The company reported an operating income of 2 million yen (compared to an operating loss of △17 million yen in the prior year’s Q1), ordinary income of 27 million yen (compared to an ordinary loss of △4 million yen), and quarterly net income of 10 million yen (compared to a quarterly net loss of △11 million yen), indicating a return to profitability for all key metrics.
• By product category, machinery sales reached 97 million yen (+149.4% year-on-year), and “other” sales were 172 million yen (+18.6% year-on-year).
• As of the end of the first quarter, total assets stood at 4,943 million yen, net assets at 3,349 million yen, and the equity ratio was 67.8%.

Uematsu Shokai’s Q1 FY2027 results show a notable turnaround, with all key profit indicators moving from loss to profit, supported by increased net sales. The significant rise in machinery sales appears to be a primary driver for both revenue growth and improved profitability. Strategic actions such as the consolidation of sales offices and active participation in trade shows may have contributed positively to this performance.

• Gecoss Co., Ltd. announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026, to June 30, 2026).
• Consolidated net sales totaled ¥28,719 million (up 5.7% year-on-year), operating profit was ¥2,212 million (up 30.8% year-on-year), ordinary profit was ¥2,290 million (up 20.8% year-on-year), and net profit attributable to owners of the parent was ¥1,495 million (up 15.3% year-on-year).
• By segment, the Heavy Temporary Facilities Business recorded net sales of ¥25,433 million (up 4.5% year-on-year) and ordinary profit of ¥2,403 million (up 15.6% year-on-year).
• The Construction Machinery Business reported net sales of ¥3,824 million (up 11.0% year-on-year) and ordinary profit of ¥130 million (up 20.8% year-on-year).
• The consolidated full-year earnings forecast and annual dividend forecast for the fiscal year ending March 2027 remain unchanged from the most recently announced figures.

Gecoss’s Q1 FY2027 results show strong growth across all profit metrics, with operating profit increasing by 30.8% year-on-year, indicating robust business performance. Both the Heavy Temporary Facilities and Construction Machinery segments posted double-digit increases in sales and ordinary profit, which may suggest that efforts to optimize asset holdings are yielding positive results. As the full-year forecast remains unchanged, the progress in subsequent quarters will be worth monitoring.

• ODK Solutions announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026 – June 30, 2026).
• Consolidated cumulative results show net sales of ¥971 million (down 3.7% year-on-year), an operating loss of ¥252 million (compared to an operating loss of ¥210 million in the same period last year), an ordinary loss of ¥221 million (compared to an ordinary loss of ¥186 million), and a net loss attributable to owners of parent of ¥176 million (compared to a net loss of ¥146 million).
• The decline in net sales is attributed to the absence of large-scale entrance examination reform projects and initial implementation projects in the education business, as well as the termination of mock examination-related services. Conversely, there was an increase in sales from development projects in the securities business.
• The full-year consolidated business forecast (net sales ¥7,000 million, operating income ¥460 million, ordinary income ¥500 million, net income attributable to owners of parent ¥300 million) remains unrevised from the most recently published forecast.
• The company explicitly states that no consolidated performance forecast is provided for the second quarter cumulative period, explaining that profits tend to be concentrated in the latter half of the fiscal year due to the nature of its business, which centers on annual operational contracts like university entrance examination services.

ODK’s first quarter concluded with a loss, consistent with seasonal trends, but the year-on-year decrease in net sales is a key point for investors to consider. The company attributes this to the conclusion of specific large-scale projects in its education business, suggesting a potential shift in revenue streams. While the full-year forecast remains unchanged, indicating an expectation of recovery in the latter half, monitoring the impact of ongoing business transformations will be important for future performance assessment.

• TOENEC Corporation announced its Q1 FY2027 consolidated financial results (April 1, 2026 – June 30, 2026).
• Consolidated net sales reached ¥61,395 million, marking a 0.4% increase compared to the prior-year period.
• Consolidated operating profit was ¥5,062 million, a substantial increase of 47.6% year-on-year.
• Consolidated ordinary profit totaled ¥4,880 million, up 44.5% from the previous year.
• Net profit attributable to owners of parent significantly rose to ¥4,387 million, an increase of 113.4% year-on-year.
• The company’s full-year consolidated earnings forecast remains unchanged from the initial projections.

TOENEC’s Q1 FY2027 results show modest revenue growth, but significant increases across key profitability metrics including operating profit, ordinary profit, and net profit attributable to parent company shareholders. This robust profit growth is attributed to improved project profitability and the recording of a settlement receipt. Such strong performance in early quarters may suggest positive operational efficiency, making it a point worth monitoring for future financial outcomes.

• SMS Co., Ltd. announced its Q1 FY2027 consolidated financial results, reporting net sales of ¥20,212 million (+8% year-over-year), EBITDA of ¥5,190 million (+10% YoY), and operating income of ¥4,308 million (+19% YoY).
• The significant growth in operating income was primarily attributed to a reduction in depreciation expenses following an impairment loss on intangible fixed assets in the overseas business recorded in Q1 FY2026. Depreciation expenses decreased by 23% YoY to ¥823 million.
• The Career segment reported net sales of ¥14,110 million (+8% YoY) and EBITDA of ¥5,310 million (+10% YoY), with AI utilization contributing to improved matching in the human resource placement business.
• The Nursing Care and Disability Welfare Management Support segment achieved net sales of ¥3,474 million (+9% YoY) and EBITDA of ¥1,401 million (+6% YoY), driven by a steady increase in members for Kaipoke and Kabenashi Cloud.
• A Corporate Value Enhancement Committee was established in July 2027, with four working groups focusing on business portfolio, growth strategy, management structure/governance, and IR/capital markets.

SMS’s Q1 FY2027 results show solid growth in both revenue and EBITDA, with operating income significantly boosted by reduced depreciation expenses. Both the Career and Nursing Care/Disability Welfare Management Support segments demonstrate consistent performance. The establishment of the Corporate Value Enhancement Committee and the timeline for the medium-term management plan (by the FY2027 financial results announcement) are key areas for investors to monitor regarding the company’s future strategic direction.

• CAICA DIGITAL announced a resolution by its Board of Directors to strengthen its capital and business alliance with Fisco Inc. and to make Fisco an equity-method affiliate.
• CAICA DIGITAL acquired additional shares of Fisco from JN Group, resulting in a post-acquisition voting rights ownership ratio of 24.13%.
• The acquisition price was 235 million yen, calculated based on a per-share price of 80 yen, which is a 5% discount from Fisco’s closing price of 85 yen on the day before the acquisition resolution.
• The strengthened alliance aims to leverage Fisco’s customer base in IR support and consulting services to promote sales cooperation for CAICA DIGITAL’s DX and security solutions, and to explore joint development of new services combining CAICA DIGITAL’s blockchain/Web3 platforms with Fisco’s information dissemination capabilities.
• Fisco is expected to become an equity-method affiliate of CAICA DIGITAL.

This announcement suggests a strategic investment by CAICA DIGITAL aimed at bolstering its solution and service-oriented businesses, complementing its existing SI operations. The synergy between Fisco’s IR client base and CAICA DIGITAL’s DX and security technologies could be a key driver for new revenue streams and diversification of the company’s business portfolio. Becoming an equity-method affiliate is expected to facilitate a closer and more agile collaboration between the two entities, which is worth monitoring for its impact on long-term corporate value.

• Core Co., Ltd. resolved to change its dividend policy and revise its dividend forecast (increase) for the fiscal year ending March 2027 at a Board of Directors meeting held on July 29, 2026.
• The updated dividend policy introduces a new metric: “consolidated payout ratio of 30% or DOE (dividend on equity ratio) of 4.0%, whichever is higher,” in addition to the previous “consolidated payout ratio of 30%.”
• This revised dividend policy will be effective starting from the dividend for the fiscal year ending March 2027.
• The full-year dividend forecast for the fiscal year ending March 2027 has been revised to ¥65 per share, an increase of ¥5 from the previous forecast of ¥60 per share.
• Consequently, the per-share dividend for the fiscal year ending March 2027 is projected to be an interim dividend of ¥15 and a year-end dividend of ¥50.

Core’s announcement appears to reinforce its commitment to shareholder returns. The introduction of the DOE (dividend on equity ratio) as a new metric may suggest an aim for more stable dividends by considering capital efficiency alongside profit levels. This policy shift and the accompanying dividend increase could be a key point of interest for investors.

• Asahi Group Holdings announced on July 29, 2026, the “Notice Regarding the Release Date of the First Quarter Financial Results for the Fiscal Year Ending December 2026.”
• The company has set the release date for its Q1 FY2026 financial results as August 14, 2026.
• This release follows a prior announcement on March 24, 2026, which indicated that the Q1 FY2026 earnings report would be delayed beyond 45 days after the quarter-end.
• The Q2 FY2026 financial results are also scheduled to be released on the same date, August 14, 2026.

This announcement confirms the specific release date for Asahi Group Holdings’ previously delayed Q1 FY2026 financial results. For investors, the simultaneous release of Q1 and Q2 results on the same day could offer a consolidated view of the company’s recent performance trends. While the reason for the initial delay in earnings disclosure is not detailed in this IR, the confirmation of the release date may contribute to improved information transparency.

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

• Tokyo Electron Device Co., Ltd. announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026 – June 30, 2026).
• Net sales increased by 33.6% year-on-year to ¥60,322 million. Operating income surged by 179.5% year-on-year to ¥4,066 million. Ordinary income grew by 127.8% year-on-year to ¥3,908 million. Net income attributable to owners of parent increased by 117.7% year-on-year to ¥2,651 million.
• In the Semiconductor and Electronic Devices segment, sales to external customers were ¥50,354 million (+38.4% YoY), and segment profit (ordinary income) was ¥2,374 million (+943.5% YoY).
• In the Computer System Related Business segment, sales to external customers were ¥9,967 million (+14.0% YoY), and segment profit (ordinary income) was ¥1,534 million (+3.1% YoY).
• The company revised its full-year consolidated earnings forecast and interim dividend forecast for the fiscal year ending March 2027. The revised full-year net sales forecast is ¥240,000 million, ordinary income is ¥13,600 million, and net income attributable to owners of parent is ¥9,400 million. The annual dividend forecast is ¥129.00 per share (interim ¥60.00, year-end ¥69.00).

Tokyo Electron Device’s Q1 results demonstrate strong growth across all key metrics, with significant increases in sales and profits. The robust performance in the Semiconductor and Electronic Devices segment, driven by “expanding semiconductor demand, especially for AI-related products,” along with “growth in sales of relatively high-margin products,” appears to be a primary factor in the substantial segment profit improvement. The upward revision of the full-year earnings forecast and interim dividend forecast could be viewed as an indication of the company’s confidence in its future performance and commitment to shareholder returns.

• KOMEHYO Holdings Co., Ltd. announced on 2026/07/29 the completion of its acquisition of Garagebank Co., Ltd.’s shares.
• As a result, Garagebank Co., Ltd. has become a consolidated subsidiary of KOMEHYO Holdings.
• Garagebank Co., Ltd. is engaged in the development and operation of the “cashari” application for managing and utilizing physical assets.
• Garagebank Co., Ltd. is located at 1-7-1 Nishishinbashi, Minato-ku, Tokyo, with a capital of 50 million yen, and was established on 2020/01/22.
• The impact of this acquisition on KOMEHYO Holdings’ consolidated performance for the fiscal year ending March 2027 is currently being assessed, and any material developments will be promptly disclosed.

The completion of Garagebank’s acquisition by KOMEHYO Holdings may suggest the company’s intent to strengthen its digital strategy within the reuse market. The integration of the “cashari” physical asset management app could potentially lead to an expansion of the customer base and the introduction of new services. Further announcements regarding the impact on consolidated earnings will likely be a key focus for investors.

• MITACHI announced the financial results for its unlisted parent company, JU Co., Ltd., for the fiscal year ended May 2026.
• JU Co., Ltd. holds 24.40% of MITACHI Corporation’s voting rights as of May 31, 2026.
• MITACHI Corporation’s Representative Director and President, Kazuhiro Tachibana, also serves as the Representative Director of JU Co., Ltd.
• JU Co., Ltd. reported a net income of 112,065 thousand yen for the fiscal year ended May 2026.
• During the same period, JU recorded dividend income of 147,625 thousand yen and ordinary profit of 142,276 thousand yen.

This announcement provides insight into the financial health of MITACHI’s significant unlisted parent company. The parent company’s results, particularly its reliance on dividend income and the dual role of the representative director, may suggest a close financial and managerial relationship between the two entities. Investors may find this information relevant for assessing the stability of MITACHI’s ownership structure and potential implications for future corporate governance.

• G-Fisco announced today that it has been informed of the transfer of 2,937,500 shares of its common stock held by JN Group Co., Ltd. to CAICA DIGITAL Co., Ltd. through an off-market block trade.
• As a result of this share transfer, CAICA DIGITAL Co., Ltd. will become G-Fisco’s principal shareholder and a related company. CAICA DIGITAL’s voting rights ratio after the change will be 24.13% (including indirect ownership).
• Conversely, JN Group Co., Ltd. will cease to be G-Fisco’s principal shareholder and will become a major shareholder and a related company. JN Group’s voting rights ratio after the change will be 23.70% (including indirect ownership).
• Following this change, there will be no non-listed parent company subject to disclosure.
• G-Fisco and CAICA DIGITAL Co., Ltd. signed a memorandum today to strengthen their capital and business alliance. The focus of the alliance has been reset to the integration of G-Fisco’s strengths in financial information distribution, corporate analysis, and IR consulting support with CAICA DIGITAL’s DX solutions centered on AI, security, and low-code development.

This change in major shareholders and strengthening of the capital and business alliance could impact G-Fisco’s future business strategy. The long-standing alliance with CAICA DIGITAL, now becoming the top shareholder, suggests a potential acceleration of business integration between the two companies. The focus on merging financial information with DX solutions is particularly noteworthy as a direction for creating new value in the market.

• Aiming Inc. announced its consolidated financial results for the second quarter of the fiscal year ending December 2026 on July 29, 2026.
• For the interim period, consolidated net sales were ¥6,871 million (down 23.6% year-on-year), operating profit was ¥529 million (down 71.3%), ordinary profit was ¥358 million (down 68.0%), and net profit attributable to parent company shareholders was ¥383 million (down 53.7%).
• As of the end of the interim period, consolidated total assets were ¥10,003 million, net assets were ¥7,256 million, and the equity ratio was 72.6%.
• The consolidated earnings forecast for the third quarter (cumulative) of the fiscal year ending December 2026 projects net sales of ¥11,351 million (up 26.3% year-on-year), operating profit of ¥1,012 million (down 45.1%), ordinary profit of ¥682 million (down 39.0%), and net profit attributable to parent company shareholders of ¥622 million (down 24.8%), representing a revision from the previously announced forecast.
• A significant change in the scope of consolidation during this interim period was the exclusion of one company: “2.5-D Seduction (Lilisa) Angels’ Stage Production Committee.”

The significant year-on-year decline in key profit figures for the interim period contrasts with the revised upward full-year forecast, which anticipates a substantial increase in cumulative net sales by the third quarter. This divergence between current performance and future outlook might draw investor attention. Given the volatile nature of the online game industry, particularly for smartphone-centric businesses, future performance could be influenced by new game releases and the ongoing performance of existing titles.

• Eightred Co., Ltd. announced its non-consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026 – June 30, 2026).
• Revenue for the quarter was ¥788 million, marking a 13.4% increase compared to the same period of the previous year.
• Operating income reached ¥254 million (up 14.2%), ordinary income ¥259 million (up 16.3%), and net income for the quarter ¥166 million (up 17.1%).
• By product/service, package software revenue was ¥346 million (up 17.1%), and cloud services revenue was ¥442 million (up 10.6%). AgileWorks revenue increased by 26.0% to ¥308 million.
• Total assets at the end of the period stood at ¥7,016 million (up ¥106 million from the end of the previous fiscal year), and net assets were ¥5,649 million (up ¥38 million).

Eightred’s Q1 FY2027 results show robust double-digit growth across revenue and all profit lines. This performance appears to be driven by the continued expansion of cloud services and strong sales of the AgileWorks package software. The overall positive trend in IT investment and increasing demand for workflow solutions due to digital transformation initiatives may continue to support the company’s business outlook.

• G-NEXT Co., Ltd. resolved to abolish its shareholder benefit program by a Board of Directors’ resolution dated July 29, 2026.
• The reason for the abolition is cited as the company’s focus on strengthening its revenue base, achieving profitability, and initiating dividend payments as key policies in its medium-term management plan.
• The company stated it aims to distribute limited management resources primarily to growth investments and strengthening its financial base, and to unify shareholder returns to cash dividends based on the number of shares held, ensuring more equitable profit distribution to all shareholders.
• The abolition will take effect with the last record date for shareholder benefits being March 31, 2026, and the benefits associated with this date will be the final ones.
• No shareholder benefits will be implemented for the current fiscal year ending March 2027 (for the record date of March 31, 2027) or thereafter.

• Kansai Paint Co., Ltd. resolved at its Board of Directors meeting on July 29, 2026, to acquire additional shares of Polisan Kansai Boya Sanayi ve Ticaret A.Ş. (PKB), its equity-method affiliate in Turkey, to make it a consolidated subsidiary.
• This acquisition will increase Kansai Paint’s ownership in PKB from 50.0% to 100.0%, making it a wholly-owned subsidiary.
• The acquisition price is USD 93 million (approximately JPY 15,133 million, converted at JPY 162.73 per USD), plus advisory fees and other estimated costs of JPY 470 million, totaling approximately JPY 15,603 million.
• The share transfer is scheduled for around October 2026, contingent on the completion of necessary approvals under Turkish competition law and other relevant regulations.
• The execution of this share acquisition is expected to result in a gain from a step acquisition as an extraordinary profit in the consolidated financial results for the fiscal year ending March 2027; however, the exact amount is currently under review and is undetermined.

This move to fully consolidate PKB suggests Kansai Paint’s strategic focus on the Turkish market, viewing it as a region with strong domestic growth potential and a crucial hub connecting Europe, the Middle East, and Africa. The full acquisition aims to streamline management decisions and improve PKB’s financial structure to maximize its profitability. This action aligns with Kansai Paint’s 18th Medium-Term Management Plan, which emphasizes strengthening profitability and efficiency through structural reforms, particularly within its European segment.

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

• Dentsu Soken reported net sales of 88,649 million JPY (up 10.5% YoY) and operating profit of 12,342 million JPY (up 15.8% YoY) for the second quarter of the fiscal year ending December 2026.
• The company’s progress towards full-year forecasts stands at 48.7% for net sales and 48.4% for operating profit.
• Order intake increased by 20.9% YoY, and order backlog grew by 38.6% YoY.
• Growth was primarily driven by the Financial Solutions, Business Solutions, and Communication IT segments. Operating profit for Financial Solutions increased by 33.6% YoY, Business Solutions by 37.4% YoY, and Communication IT by 51.6% YoY.
• Gross profit margin improved by 0.4 percentage points YoY to 36.3%, but decreased by 0.5 percentage points compared to the initial forecast, attributed to factors such as a decline in consulting services.

Dentsu Soken’s Q2 FY2026 results demonstrate strong year-over-year growth in both net sales and operating profit, with progress toward full-year forecasts appearing on track. The significant increases in order intake and backlog may suggest robust future revenue streams. Investors might view the strong performance of key segments, particularly in solutions and IT, as an indicator of sustained demand in core business areas.

• CellSource has transitioned to non-consolidated financial reporting starting from the third quarter of the October 2026 fiscal year.
• This transition follows the absorption-type merger of its wholly-owned subsidiary, Hybrid Medical Co., Ltd., effective July 1, 2026, resulting in the absence of consolidated subsidiaries.
• The company will record ¥65 million as “extraordinary income from intercompany stock elimination” on July 1, 2026, due to the merger.
• The individual performance forecast for the October 2026 fiscal year includes net sales of ¥3,320 million, operating loss of ¥(221) million, ordinary loss of ¥(210) million, net loss of ¥(107) million, and a net loss per share of ¥(5.41).
• This individual forecast is based on the previously announced consolidated forecast for FY2026 (December 11, 2025) reconfigured to an individual basis and is currently undergoing further review.

• Nihon Chuzo Co., Ltd. announced revisions to its full-year consolidated earnings forecast and dividend forecast for the fiscal year ending March 2027, following a board meeting held on July 29, 2026.
• The full-year individual earnings forecast has been revised upwards: Net sales from JPY 14.0 billion to JPY 14.5 billion, operating profit from JPY 600 million to JPY 780 million, ordinary profit from JPY 550 million to JPY 730 million, and net profit from JPY 360 million to JPY 480 million.
• The revisions are attributed to increased orders for cast steel products for semiconductor manufacturing equipment and the decision to revise sales prices due to rising material costs.
• While the revised sales prices contribute to profit, the company also anticipates increased costs from rising material prices and increased outsourcing fees for production volume and delivery timelines.
• The year-end dividend forecast has been revised from JPY 25 per share to JPY 30 per share (an increase).
• The warehouse fire at the Kawasaki Plant on July 24, 2026, is stated to have a limited impact on business performance.

This upward revision to the earnings forecast appears to be driven by robust demand in the semiconductor manufacturing equipment sector and successful sales price adjustments. The larger dividend increase relative to the profit increase may suggest a proactive stance on shareholder returns. However, the mention of continued cost pressures from rising material prices and outsourcing expenses indicates areas for ongoing monitoring regarding future profitability.

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

• Komori Corporation announced on July 29, 2026, an upward revision to its dividend forecast for the fiscal year ending March 2027 (April 1, 2026 – March 31, 2027).
• The revised annual dividend forecast is ¥100 per share.
• This represents an increase of ¥25 from the previously announced annual dividend forecast of ¥75 (¥35 for Q2-end, ¥40 for year-end) on May 14, 2026.
• Specifically, the Q2-end dividend forecast was raised by ¥15 from ¥35 to ¥50, and the year-end dividend forecast was raised by ¥10 from ¥40 to ¥50.
• The revision is attributed to the company’s commitment to stable and substantial shareholder returns, targeting a total return ratio of 50% and a minimum dividend of ¥40 during the 7th Medium-Term Management Plan (FY2025-FY2027), considering that net assets have trended higher than initially assumed due to stock market gains and yen depreciation.

This upward revision to the dividend forecast may suggest Komori Corporation’s strong commitment to shareholder returns, aligning with its medium-term management plan. The decision to increase dividends based on the stronger-than-expected net asset trend, influenced by market conditions, could be viewed positively by investors. This move highlights the company’s focus on distributing profits while maintaining financial stability.

• Hitachi announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026, to June 30, 2026).
• Revenue totaled ¥2,709,586 million, marking a 20.0% increase compared to the prior-year period.
• Adjusted Operating Profit reached ¥294,287 million, a 39.5% increase from the prior-year period.
• Profit attributable to owners of parent was ¥189,450 million, a 1.4% decrease year-on-year.
• The full-year consolidated performance forecast for FY2027 has been revised, projecting revenue of ¥11,700,000 million, Adjusted Operating Profit of ¥1,408,000 million, and Profit attributable to owners of parent of ¥900,000 million.
• Treasury stock at the end of the quarter was 64,552,492 shares, an increase from 35,798,823 shares at the end of March 2026.

Hitachi’s Q1 FY2027 results show substantial growth in both revenue and adjusted operating profit, suggesting robust business activity during the period. The slight decrease in profit attributable to owners of parent could be attributed to several factors in the income statement, such as a significant increase in corporate income tax expenses (up 28% YoY) and a sharp decline in financial income (down 88% YoY). The upward revision of the full-year forecast indicates management’s positive outlook for the remainder of the fiscal year.

• Makita announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026 – June 30, 2026).
• Revenue increased by 10.7% year-on-year to ¥206,550 million.
• Operating profit rose by 17.2% year-on-year to ¥30,565 million.
• Profit attributable to owners of the parent increased by 18.6% year-on-year to ¥22,866 million.
• The improvement in profit was attributed to a refund of US tariffs, which improved the cost of sales ratio.
• The full-year consolidated earnings forecast (revenue ¥820,000 million, operating profit ¥110,000 million, etc.) remains unchanged from the announcement on April 28, 2026.

Makita’s strong first-quarter performance appears to be significantly driven by the depreciation of the Japanese yen and the refund of US tariffs, which boosted both revenue and profits. The company stated that results were flat on a local currency basis, highlighting the substantial impact of foreign exchange movements on its performance. Future currency trends and demand in key markets, especially the US, will be worth monitoring for their potential influence on the company’s ability to meet its full-year guidance.

• NEC has announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026 – June 30, 2026).
• Revenue reached ¥819,774 million, marking a 14.5% increase compared to the same period of the previous year.
• Operating profit was ¥58,770 million (up 66.1% year-on-year), and profit attributable to owners of the parent was ¥49,698 million (up 157.4% year-on-year).
• Non-GAAP operating profit amounted to ¥74,738 million, an 86.9% increase year-on-year.
• The consolidated full-year forecast for FY2027 has been revised to: Revenue ¥3,540,000 million, Non-GAAP operating profit ¥430,000 million, and Non-GAAP profit attributable to owners of the parent ¥290,000 million.
• During this consolidated quarter, a significant change in the scope of consolidation occurred, with 47 companies, including CSG Systems International, Inc., newly consolidated.

NEC’s Q1 FY2027 results show substantial year-on-year growth across all key financial indicators, with profit attributable to owners of the parent increasing by over 150%. This significant growth may be influenced by the consolidation of 47 new companies, suggesting strategic expansion efforts are contributing to the top and bottom lines. The revision of the full-year forecast could also indicate adjustments in management’s expectations for the remainder of the fiscal year, warranting close monitoring of future developments.

• Nomura Holdings announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April-June 2026).
• Return on Equity (ROE) for the quarter was 15.4%, exceeding the new quantitative target of “ROE 10-12%+” for 2030.
• Pre-tax income reached ¥211.5 billion (up 96% QoQ), net income was ¥145.6 billion (up 97% QoQ), and EPS was ¥48.34.
• All four core divisions—Wealth Management, Investment Management, Wholesale, and Banking—reported increased revenue and profit quarter-on-quarter, achieving record revenue and pre-tax income either since their establishment or for a first quarter.
• Assets Under Management (AUM) for the Investment Management division reached a record high of ¥156 trillion.

The CEO’s comments and earnings highlights suggest that Nomura’s business model transformation and enhanced cross-divisional collaboration are yielding results towards its “Reaching for Sustainable Growth” vision for 2030. The sustained growth in recurring revenues from wealth management and the record AUM in investment management, along with the robust performance of Global Markets and Investment Banking within the Wholesale division, indicate a successful diversification and strengthening of its business segments. These developments could be seen as indicators of the company’s strategic progress.

• GENDA Inc. announced that its Board of Directors resolved today to enter into a capital and business alliance agreement with SBI Holdings, Inc.
• GENDA will invest JPY 300 million as a limited partner (LP) in the “SBI Neo Content Investment Limited Partnership” (SBI Neo Content Fund) established by the SBI Group.
• SBI Holdings, through itself or its subsidiaries, plans to acquire up to 1.00% of GENDA’s total outstanding shares as of June 2026 via market purchases.
• Both companies will proceed with discussions regarding joint planning and promotional measures, combining SBI Group’s entertainment content with GENDA’s entertainment platforms.
• This disclosure is voluntary, as the alliance falls within the scope of the Tokyo Stock Exchange’s minor criteria for timely disclosure regarding business alliances.

This capital and business alliance is seen as strengthening the synergy between GENDA’s ambition to become “the world’s No. 1 entertainment company” and the “SBI Neo Media ecosystem” being built by the SBI Group. The alliance could potentially leverage GENDA’s entertainment platforms with SBI Group’s integrated financial, IT, and media strategies. While the impact on GENDA’s consolidated financial results for the January 2027 fiscal year is expected to be minor, the long-term strategic implications are worth monitoring for investors.

• V-Commerce announced its financial results for the second quarter (interim period) of the fiscal year ending December 2026.
• For the interim period, net sales were ¥5,797 million, operating loss was ¥560 million, ordinary loss was ¥548 million, and net loss for the interim period was ¥460 million.
• The company disclosed consolidated results for the interim period of FY2025 but switched to non-consolidated disclosure from Q1 FY2026, thus year-on-year percentage changes are not provided for the interim period.
• The decrease in net sales is primarily attributed to the termination of transaction agreements related to the online mall-向け click-based advertising “StoreMatch” and CRM tool “STORE’s R∞” as of July 31, 2025.
• The full-year forecast remains unchanged with net sales of ¥14,400 million (a decrease of 39.5% year-on-year), operating loss of ¥700 million, ordinary loss of ¥700 million, and net loss of ¥800 million.
• Diluted EPS for the interim period was △21.23 yen.

This earnings report highlights the clear impact of specific transaction contract terminations on sales, suggesting investors should monitor the company’s evolving revenue structure in conjunction with its shift to non-consolidated reporting. The performance across Marketing Solutions, with strong shopping sector growth offset by financial sector ad policy changes, and Travel Tech, impacted by contract revisions, indicates nuanced business segment dynamics. The reaffirmed full-year guidance suggests these factors were already incorporated into management’s outlook.

• For the third quarter of the fiscal year ending September 2026 (October 1, 2025, to June 30, 2026), consolidated net sales reached ¥98.232 billion, representing a 7.2% increase year-over-year.
• Operating profit was ¥7.596 billion (up 14.5% YoY), and ordinary profit was ¥8.695 billion (up 5.3% YoY).
• Net income attributable to owners of parent significantly increased by 38.0% YoY to ¥6.880 billion.
• By segment, Think Tank & Consulting Services (TTC) reported net sales (external sales) of ¥42.564 billion (up 15.8% YoY) and ordinary profit of ¥7.529 billion (up 35.2% YoY).
• IT Services reported net sales (external sales) of ¥55.668 billion (up 1.5% YoY), but ordinary profit decreased by 56.7% YoY to ¥1.169 billion due to additional costs recorded for an unprofitable project in the first half.

Mitsubishi Research Institute’s Q3 FY2026 results demonstrate growth across net sales and various profit metrics, with a notable increase in net income attributable to owners of parent. The strong performance of the Think Tank & Consulting segment appears to have effectively offset the profit decline stemming from an unprofitable project within the IT Services segment. For investors, monitoring the resolution of the IT Services segment’s challenges and the sustained growth of the TTC segment will be key factors in assessing future performance.

• Four Cs HD announced the requirements and outline of its shareholder benefit program for the current fiscal year.
• Eligible shareholders are those listed or recorded in the company’s shareholder register holding 100 shares (one unit) or more as of the end of September each year.
• The shareholder benefit program categorizes holdings into 100, 200, 300, 500, 700, and 1,000 shares.
• Benefits include “proprietary products” and “benefit points” redeemable on the dedicated shareholder shopping site “Four Cs HD Premium Members.”
• A long-term holding bonus offers additional products to shareholders who have continuously held shares for four years or more, in addition to the standard benefits corresponding to their shareholding.

The announced shareholder benefit program, offering both proprietary products and points based on shareholding, provides various options for shareholders. The inclusion of a long-term holding bonus may suggest the company’s aim to foster a stable shareholder base. Furthermore, the ability to use benefit points on a shopping site operated as part of the company’s SDG initiatives could indicate a strategic effort to align shareholder benefits with its corporate sustainability goals.

• Dai-ichi Kogyo Seiyaku Co., Ltd. announced its consolidated financial results for the first quarter of the fiscal year ending March 2027.
• Consolidated net sales reached ¥27,501 million, marking a 44.4% increase compared to the same period last year.
• Operating profit was ¥5,117 million (+196.9% YoY), and ordinary profit was ¥5,228 million (+209.5% YoY).
• Net income attributable to owners of parent amounted to ¥3,116 million, representing a significant increase of 216.5% year-over-year.
• Key drivers included expanded sales of high-end server dielectric resin materials in the “Electronics and Information” segment and water-based composite binders for negative electrodes in lithium-ion battery applications within the “Environment and Energy” segment, along with effective price revisions and a temporary demand increase for some products due to the Middle East situation.
• The consolidated earnings forecast for the fiscal year ending March 2027 has been revised upwards for both the second quarter cumulative period and the full year.

The reported results indicate a very strong start to the fiscal year, with substantial increases across all key financial metrics. The significant contributions from high-value-added products, particularly within the “Electronics and Information” and “Environment and Energy” segments, appear to be central to this performance. The upward revision of the full-year consolidated earnings forecast could suggest management’s optimistic outlook on sustained business momentum.

• P-Will-Do Co., Ltd. announced its decision to apply for delisting from TOKYO PRO Market, based on resolutions from its Board of Directors meeting and extraordinary general meeting of shareholders held on July 29, 2026.
• Following the delisting, the company plans to transfer all of its shares to SIVA Inc., becoming a wholly-owned subsidiary of SIVA Inc.
• The application date for delisting and the share transfer agreement date are both July 29, 2026.
• The planned delisting date is August 27, 2026, and the scheduled share transfer date is September 11, 2026.
• P-Will-Do expects to strengthen its advertising and marketing support services for the aesthetic industry through collaboration with SIVA Inc.

This announcement indicates P-Will-Do’s transition from a publicly traded company on TOKYO PRO Market to a private entity under SIVA Inc.’s ownership. This move appears to be driven by P-Will-Do’s conviction that joining a group with strong capital and potential synergies is crucial for its business expansion. The planned enhancement of advertising and marketing support services for the aesthetic industry, particularly through collaboration with SIVA group’s Squad Inc., could suggest a strategic shift in their business development.

• Chubu Electric Power announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026, to June 30, 2026).
• Consolidated revenue increased by 3.2% year-on-year to 825,843 million yen.
• Consolidated operating profit recorded a loss of △25,063 million yen, deteriorating from a profit of 67,932 million yen in the same period last year.
• Consolidated ordinary profit was 27,144 million yen, a decrease of 74.1% year-on-year.
• Net profit attributable to owners of the parent company was 35,202 million yen, down 58.7% year-on-year.
• The full-year consolidated performance forecast for the fiscal year ending March 2027 remains unchanged, with revenue projected at 3,900,000 million yen (a 10.0% increase year-on-year), ordinary profit at 185,000 million yen (a 36.4% decrease), and net profit attributable to owners of the parent at 160,000 million yen (a 29.8% decrease).

While revenue increased in the first quarter, operating profit turned to a loss, and both ordinary profit and net profit saw significant declines. This could suggest that cost fluctuations may have outpaced revenue growth. The full-year forecast anticipates revenue growth but projects continued profit declines compared to the previous fiscal year, indicating that future business conditions and cost management trends will be worth monitoring for investors.

• ULS Group Co., Ltd. has decided to make three consolidated subsidiaries—ULS Consulting Co., Ltd., Peacemeal Technology Co., Ltd., and Arcway Co., Ltd.—wholly owned subsidiaries through a simplified stock exchange.
• The purpose of this stock exchange is to establish a group management structure capable of responding accurately and flexibly to changes in the business environment, and to promote integration and efficiency of group management.
• The Board of Directors resolution date and stock exchange agreement signing date were July 29, 2026, with the effective date for the stock exchange set for October 1, 2026.
• For each subsidiary share, ULS Consulting shares will be exchanged for 1,011 common shares of ULS Group, Peacemeal Technology for 37,342 shares, and Arcway for 6,439 shares.
• ULS Group plans to use its treasury shares for the exchange, with no new share issuance expected.

The full acquisition of these three consolidated subsidiaries through a simplified stock exchange suggests ULS Group’s intention to further streamline its internal operations and decision-making processes. The use of treasury shares for the exchange, avoiding new share issuance, may be viewed positively as it prevents dilution for existing shareholders. Investors might consider monitoring how this integration impacts the group’s overall performance and strategic direction in the future.

• Tokyo Electric Power Company Holdings (TEPCO HD) announced its financial results for the first quarter of fiscal year 2026 (April-June 2026).
• Consolidated net sales amounted to 1,481.1 billion JPY, an increase of 56.0 billion JPY from 1,425.1 billion JPY in the same period of the previous year (up 3.9%).
• Consolidated ordinary income was 11.4 billion JPY, a decrease of 89.8 billion JPY from 101.2 billion JPY in the same period of the previous year (down 88.7%).
• Net income attributable to owners of the parent company was -9.7 billion JPY, an improvement of 847.8 billion JPY compared to -857.6 billion JPY in the previous year’s corresponding period. This was primarily due to the reversal of special disaster losses recorded in the prior year.
• By segment, TEPCO Power Grid (PG segment) saw increased revenue due to higher sales related to supply-demand adjustments from surging fuel and wholesale power market prices, while TEPCO Energy Partner (EP segment) experienced decreased revenue due to a reduction in electricity sales volume.

The Q1 FY2026 results show a mixed picture, with increased revenue but a decline in ordinary income. This suggests that while there were higher sales in the PG segment, the significant increase in electricity procurement costs due to surging fuel and wholesale power market prices negatively impacted profitability across both EP and PG segments. The substantial improvement in net income attributable to owners of the parent company appears largely driven by the reversal of prior-period special disaster losses, indicating that the underlying operational profitability should be carefully monitored independently of this one-off factor.

• P-NEXT STAGE Co., Ltd. resolved to acquire all outstanding shares of Quarante Co., Ltd., making it a 100% owned subsidiary, at its Board of Directors meeting held on July 29, 2026.
• Quarante Co., Ltd. operates a business providing neutral consulting and referral services for optimal housing companies to prospective custom-built home buyers in the Chubu region (Gifu).
• Quarante’s financial performance for the past two fiscal years shows net sales of 59,355 thousand yen, ordinary profit of 40,019 thousand yen, and net profit of 28,263 thousand yen for the fiscal year ended June 2025.
• The scheduled share transfer date is August 3, 2026.
• This subsidiary acquisition will not impact the financial results for the fiscal year ending July 2026, and the company plans to transition to consolidated financial statements from the fiscal year ending July 2027.

P-NEXT STAGE has primarily focused on B2B housing manufacturing solutions, and this acquisition of Quarante may suggest a strategic shift towards strengthening B2C housing purchase support services. Quarante’s reported high profitability and stability could provide a new revenue stream for P-NEXT STAGE. The plan to scale Quarante’s regional model nationwide, aiming for new branding and business expansion, could indicate the company’s commitment to enhancing its corporate value.

• Nifty Lifestyle Co., Ltd. resolved to acquire all shares of Replis Co., Ltd. and make it a subsidiary at a Board of Directors meeting held on July 29, 2026.
• The acquisition price for Replis Co., Ltd. is JPY 1,660 million for common shares, plus an estimated JPY 64 million for advisory fees, totaling JPY 1,724 million.
• The share transfer execution date is scheduled for August 14, 2026, after which Replis Co., Ltd. will become a wholly-owned subsidiary of Nifty Lifestyle with a 100% voting rights ownership ratio.
• Replis Co., Ltd. operates “Lifeline Referral Services” and “24-hour Emergency Support Services,” including “Lifeline no Madoguchi” and “Kurashi Anshin Support 24.”
• As a result of this acquisition, Replis Co., Ltd.’s financial results are expected to be included in Nifty Lifestyle’s consolidated financial statements starting from the second quarter of the fiscal year ending March 2027.

This acquisition aligns with G-Nifty Lifestyle’s mid-term management plan, specifically targeting “business domain expansion” and “expansion of value provided.” Integrating Replis’s lifeline services and real estate network is intended to strengthen G-Nifty Lifestyle’s ability to support users throughout their entire housing lifecycle, from property search to post-occupancy living support. This strategic move could indicate a focus on maximizing customer lifetime value (LTV) through a more comprehensive service offering.

• Future Corporation announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending December 2026.
• Consolidated net sales reached ¥38,322 million (up 7.5% year-on-year), and EBITDA was ¥9,045 million (up 3.2% year-on-year).
• Operating income stood at ¥7,379 million (up 3.8% year-on-year), and net income attributable to owners of parent was ¥5,165 million (up 13.0% year-on-year).
• Interim net income per share was ¥58.24.
• The annual dividend forecast has been revised from ¥46 for the fiscal year ended December 2025 to a total of ¥24 for the fiscal year ending December 2026 (interim dividend of ¥24, year-end dividend of ¥0).
• The full-year consolidated earnings forecast remains unchanged from the most recently announced figures: net sales of ¥80,600 million (up 6.1% year-on-year), EBITDA of ¥21,200 million (up 8.2% year-on-year), operating income of ¥17,500 million (up 8.2% year-on-year), and net income attributable to owners of parent of ¥11,800 million (up 0.7% year-on-year).

Future’s Q2 FY2026 results show solid growth across revenue and profit metrics, with net income attributable to parent shareholders achieving double-digit growth. This performance appears to be driven by the progress of large-scale projects in the IT Consulting & Services segment and accelerated initiatives in AI. However, the revision of the annual dividend forecast to no year-end dividend could be a point of interest for investors regarding future shareholder return policies and business strategies.

• MH Group resolved to acquire 51% of the issued shares of Oasis LH Co., Ltd., a special purpose company, making Oasis LH its subsidiary.
• Lemon Company Tokyo Co., Ltd., a wholly-owned subsidiary of Oasis LH, will become a sub-subsidiary of MH Group.
• MH Group resolved to launch a new business, the in-facility F&B business within leisure and amusement facilities operated by Lemon Company Tokyo, effective July 30, 2026.
• The total cost for this share acquisition is estimated at 255 million yen (250 million yen for shares and 5 million yen for due diligence costs), to be funded by proceeds from a third-party allotment of new shares announced on May 22, 2026.
• MH Group positions this transaction as the first phase of its growth strategy aimed at sustainable corporate value enhancement, building upon the capital raised through the third-party allotment.

MH Group’s acquisition signifies a strategic move to not only expand its core beauty salon operations but also diversify into the F&B sector through the leisure and amusement facility business. This initiative appears consistent with the company’s broader objective of building a digital service platform for the beauty industry, aiming to broaden customer touchpoints and revenue streams. The explicit mention of integrating AI/DX support across both beauty salon and F&B operations could indicate potential for cross-segment synergies worth monitoring.

• Hansenbull released its Q1 FY2027 financial results on July 29, 2026.
• The guarantor, Nomura Holdings, Inc.’s, Q1 FY2027 financial status refers to its consolidated financial results (U.S. GAAP) released on July 29, 2026. Consolidated Common Equity Tier 1 (CET1) ratio, Tier 1 ratio, and Total Capital ratio will be disclosed separately once finalized.
• As of July 28, 2026, the guarantor’s credit ratings were: R&I “A+ (Stable)”, JCR “AA- (Stable)”, Moody’s Investors Service “Baa1 (Stable)”, S&P Global Ratings “BBB+ (Positive)”, and Fitch Ratings “A- (Stable)”.
• As of July 28, 2026, the total amount of issued Index-Linked Notes was 175,175 million JPY (175,175 million JPY self-issued, 0 million JPY third-party guaranteed), representing 4.39% of net assets.
• As of July 28, 2026, NEXT NOTES Dubai Crude Oil Double Bull ETN recorded 5,000,000 units in current period redemptions, while NEXT NOTES Dubai Crude Oil Bear ETN recorded 5,000,000 units in current period additional subscriptions.

This financial report provides investors with information regarding the financial status and credit ratings of Nomura Holdings, Inc., the guarantor of Hansenbull’s ETNs, as well as the issuance and operational status of the ETNs themselves. The creditworthiness of the guarantor and the status of ETN issuance are considered key factors for investment decisions. The trends in outstanding ETN amounts and the subscription/redemption activities for specific ETN products could serve as indicators of market sentiment and investor interest in particular asset classes.