Japan Stock IR Daily – August 20, 2026 (38 reports)

• Toyo Tanso Co., Ltd. reported consolidated results for the second quarter of FY2026, with net sales of ¥22,370 million (down 2.7% year-on-year), operating profit of ¥1,778 million (down 53.7% year-on-year), ordinary profit of ¥2,229 million (down 37.4% year-on-year), and net profit attributable to parent company shareholders of ¥1,677 million (down 37.4% year-on-year).
• The primary factors for the decrease in operating profit were a ¥1.89 billion decrease in gross profit due to sales mix differences and a ¥1.15 billion impact from inventory-related factors, despite a ¥0.35 billion positive impact from foreign exchange.
• By product and business segment, sales of “Electronics” special graphite products decreased by 15.9% year-on-year, and “Key 3 products” in composite materials and other products decreased by 13.7% year-on-year. Conversely, “General Industrial” special graphite products increased by 4.2%, “Carbon products for Mechanical Applications” increased by 8.2%, and “Carbon products for Electrical Applications” increased by 7.3%.
• Regionally, sales in Japan and Asia decreased year-on-year, primarily due to reduced sales in semiconductor applications.
• The full-year forecast for FY2026 remains unchanged. The company anticipates demand expansion in various AI-related fields, a full-scale recovery in silicon semiconductor applications after the completion of wafer inventory adjustments, and a gradual recovery in SiC semiconductor applications driven by EV and AI data center demand.

Toyo Tanso’s Q2 FY2026 results show a decline in both revenue and profit compared to the previous year, which appears to be largely attributable to the adjustment phase in the semiconductor market. The decrease in sales for special graphite products in the electronics segment and the “Key 3 products” in composite materials, including SiC coated graphite products, seems to have significantly impacted performance. However, the company has maintained its full-year earnings forecast, suggesting that anticipated recovery in the semiconductor market and robust demand for certain general industrial products may support future performance.

• OUG Holdings announced a partial correction to its “Summary of Financial Results for Q1 FY2027”, originally released on August 14, 2026.
• The correction pertains to page 20, specifically the “Group Companies” section under “Food Processing Business”.
• The previous entry “・Tounichi Co., Ltd.” has been corrected to “・Tounichi Suisan Co., Ltd.”
• The full corrected document has been re-published by the company.

This correction addresses a specific company name within the listed group subsidiaries in the financial results summary. It appears to be a clerical correction to ensure accuracy of published information rather than indicating a change in the company’s operational activities or financial performance. Investors may view such corrections as an effort by the company to maintain data integrity.

• One ETF Nikkei 225 (Code: 1369) announced its financial results for the 7-month period ending July 2026 (January 9, 2026 – July 8, 2026).
• Total net assets at the end of the period reached JPY 628,347 million, an increase from JPY 532,258 million at the end of the previous period (January 2026).
• The net asset value per unit was JPY 67,151, a rise compared to JPY 51,317 at the end of the previous period.
• The distribution per unit was JPY 460, an increase from JPY 355 in the previous period. The distribution payment start date is August 14, 2026.
• The scheduled submission date for the Annual Securities Report is October 8, 2026.

The One ETF Nikkei 225’s results for the July 2026 period indicate a positive performance, with increases in net assets, net asset value per unit, and distribution per unit. These figures may suggest that the fund’s operations are proceeding robustly, which could be a key consideration for investors evaluating the fund’s performance.

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

• iFreeETF Japan Dividend Rotation Strategy (435A) has announced its financial results for the period ending July 2026 (January 8, 2026, to July 7, 2026).
• Total net assets for the current period reached ¥39,645 million, an increase of approximately 3.17 times from the previous period (January 2026) total of ¥12,507 million.
• Equities, the primary investment asset, amounted to ¥39,059 million (98.5% of assets), marking an approximate 2.6-fold increase from ¥15,024 million in the previous period.
• The net asset value per unit stood at ¥2,587.93, up from ¥2,238.53 in the previous period.
• The distribution per unit for the current period (July 2026) was ¥32. This compares to ¥27 in the January 2026 period and ¥52 in the April 2026 period.
• Total operating revenue for the current period was ¥5,703 million, an increase from ¥703 million in the previous period. This includes ¥4,250 million from gains/losses on securities trading and ¥1,263 million from dividends received.

The financial results for iFreeETF Japan Dividend Rotation Strategy for the July 2026 period indicate a substantial increase in both net assets and core equity investments, suggesting significant growth in the fund’s scale. This expansion appears to have contributed to a marked increase in operating revenue compared to the prior period, potentially reflecting robust operational activity. The rise in net asset value per unit also suggests a positive trend in value for unitholders.

• Sharing Innovations Inc. released its Q2 FY2026 earnings presentation video and transcript on August 20, 2026.
• For Q2 FY2026, the company reported consolidated revenue of 1,949 million yen and operating profit of 82 million yen.
• Compared to the prior year, revenue decreased by 16%, while operating profit increased by 207% and ordinary profit by 445%.
• The operating profit’s progress rate against the full-year forecast for the first half was 69%, indicating an ahead-of-schedule progression.
• The DX business saw increased profits driven by strong order intake in the Salesforce domain and high engineer utilization.
• The Platform business also contributed to increased profits through extended appraiser operating hours and cost-effective advertising.
• The year 2026 is positioned as a “recovery period” focusing on improving business model, profitability, and business portfolio.

G-S Innovation’s Q2 FY2026 results show a significant improvement in profitability despite a revenue decrease, primarily attributed to external factors affecting the SES business. The 69% progress rate of operating profit against the full-year forecast suggests that the company’s initiatives to enhance profitability may be yielding positive results. Investors may want to monitor how planned investments in areas such as recruitment during the latter half of the fiscal year impact future performance.

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

• One ETF TOPIX High Dividend Growth Index (Code: 541A) announced its financial results for the July 2026 period (March 23, 2026 to July 8, 2026).
• Total net assets as of the end of the current calculation period (July 8, 2026) amounted to JPY 6,341 million.
• The net asset value per 100 units was JPY 107,068, and the distribution per 100 units was JPY 1,250.
• New subscriptions during the period totaled 5,922 thousand units, with no redemptions.
• Total operating revenue was JPY 584,495,315, and net profit for the period was JPY 576,645,666.

The One ETF TOPIX High Dividend Growth Index aims to track the TOPIX High Dividend Growth Index, making its performance noteworthy for investors seeking both stable dividends and growth. The significant new subscriptions of 5,922 thousand units indicate a growing interest in the fund, contributing to the expansion of its net asset size. The announced distribution also serves as a key piece of information for income-focused investors.

• Temairazu reported full-year results for the fiscal year ended June 2026 (23rd term) with revenue of JPY 2,414,083 thousand (+10.5% YoY), operating profit of JPY 1,747,457 thousand (+8.6% YoY), ordinary profit of JPY 1,773,744 thousand (+9.4% YoY), and net profit of JPY 1,172,193 thousand (+9.8% YoY).
• Compared to the full-year forecasts (announced July 31, 2025), actual results exceeded expectations across all metrics: revenue at 102.1%, operating profit at 106.5%, ordinary profit at 107.2%, and net profit at 105.8%.
• By segment, the Application Services business reported revenue of JPY 2,408,545 thousand (revenue profit margin after common expense allocation of 72.7%), showing increased revenue and profit year-over-year. In contrast, the Internet Media business reported revenue of JPY 5,537 thousand (same metric ▲77.1%), indicating decreased revenue and profit year-over-year.
• As of the end of the fiscal year June 2026, the balance sheet showed cash and deposits of JPY 6,410,138 thousand and an equity ratio of 93.2%.
• Shareholder returns included share buybacks based on Board resolutions dated February 20, 2025, and September 12, 2025, which were completed. A further resolution for share buybacks was decided on June 5, 2026. The total shareholder return ratio was reported as 109.5%.

Temairazu’s fiscal year 2026 results demonstrate strong growth across revenue and profits, surpassing all previously announced full-year forecasts. The robust performance of the core Application Services business appears to be a key driver, suggesting underlying strength in this segment. The company’s high equity ratio and ongoing share buyback programs may indicate both financial stability and a proactive approach to returning value to shareholders.

• One ETF Southern China A Share CSI500 (Code: 2553) announced its financial results for the fiscal year ended July 2026 (July 9, 2025 to July 8, 2026).
• Total net assets at the end of the current period were ¥1,829 million, compared to ¥2,396 million in the previous period (FY July 2025).
• Outstanding units at the end of the current period were 680 thousand units, a decrease from 1,470 thousand units at the end of the previous period. New subscriptions during the period were 3,050 thousand units, while redemptions totaled 3,840 thousand units.
• The NAV per unit was ¥2,690, an increase from ¥1,631 in the previous period.
• The distribution per unit for the current period was ¥18, down from ¥24 in the previous period.

The FY2026/7 results for One ETF Southern China A Share CSI500 show a decrease in total net assets and outstanding units, alongside an increase in NAV per unit. The rise in NAV per unit despite redemptions exceeding subscriptions may suggest a positive revaluation of the underlying investment assets during the period. Investors may also note the decrease in distribution per unit compared to the prior period as a factor for future monitoring.

• Takemoto Yohki Co., Ltd. announced its consolidated financial results for the second quarter of the fiscal year ending December 2026 (January 1, 2026 – June 30, 2026).
• Consolidated net sales amounted to ¥7,739 million, representing a 5.9% increase year-on-year.
• Consolidated operating profit reached ¥664 million, a 32.8% increase compared to the same period last year.
• EBITDA was ¥1,158 million, an increase of 17.6% year-on-year.
• Sales of resource-circular packaging (excluding Recyclable containers) totaled ¥1,041 million, up 21.4% year-on-year.
• Segment-wise, Japan reported sales of ¥5,688 million (+0.8%) and operating profit of ¥500 million (+23.0%). China saw sales of ¥1,483 million (+20.3%), but operating profit turned negative due to rising raw material prices. Other regions (primarily India) posted sales of ¥781 million (+41.1%) and operating profit of ¥171 million (+154.3%).
• The company plans an annual dividend of ¥38.00 per share for the fiscal year ending December 2026 (¥19.00 interim, ¥19.00 year-end projected), continuing its policy targeting a Dividend on Equity (DOE) of 4.0%.

The robust growth in consolidated net sales and operating profit, particularly the substantial increase in operating profit, highlights the company’s strong performance in the second quarter. The improved profitability in the Japanese and Indian markets appears to be a key driver for the overall positive results. However, the impact of rising raw material prices on the Chinese market’s profitability is a factor that investors may want to continue monitoring.

• For the second quarter of the fiscal year ending December 2026, net sales reached ¥14.59 billion, marking a 15% increase quarter-on-quarter.
• Operating profit for the same quarter was ¥4.00 billion, a 25% increase compared to the previous quarter.
• Gross profit margin stood at 33.4%, operating profit margin at 27.4%, and net profit attributable to owners of parent margin at 10.7%, improving by 1.9 percentage points, 2.2 percentage points, and 1.6 percentage points, respectively, from the prior quarter.
• Increased demand for data center processors and the start of mass production for new customers contributed to the sales growth.
• Q2 FY2026 results exceeded initial forecasts, with net sales of ¥14.59 billion against a forecast of ¥13.58 billion, and operating profit of ¥4.00 billion against a forecast of ¥3.39 billion.

Tera Probe’s Q2 FY2026 results highlight strong performance driven by data center processors, which may suggest a positive shift in its business portfolio contributing to improved profitability. The weaker yen could also be a factor in the increased sales and profits. Continued investment in advanced equipment and adaptation to market changes will be worth monitoring for sustained growth.

• For the fiscal year ended June 2026, G-AeroEdge reported consolidated net sales of 5,084 million JPY, operating profit of 1,145 million JPY, net profit attributable to parent company of 781 million JPY, and EBITDA of 1,562 million JPY. All these figures represent record highs.
• Sales of titanium aluminum blades increased, contributing to revenue growth despite delays in the mass production launch of new projects, driven by demand for both A320neo and 737MAX.
• Mass production of aircraft engine component Project A was delayed by approximately one year due to additional engine tests, while Project B commenced mass production.
• OnoPlant Co., Ltd., an aircraft structural component manufacturer, was acquired as a wholly owned subsidiary, leading to a transition to consolidated financial reporting from the fiscal year ended June 2026 (balance sheet only consolidated).
• While deliveries of the A320neo family aircraft stalled due to delays in rival LEAP engine PW1100G, 737MAX deliveries increased following the FAA’s production cap hike. CFM International’s LEAP engine deliveries increased by 43% year-on-year for the period of July 2025 to June 2026.

G-AeroEdge’s fiscal year ending June 2026 results show robust growth, with all key profitability metrics reaching record highs. The increase in titanium aluminum blade sales, driven by expanding aircraft demand, appears to be a primary factor in this performance. While some new mass production projects faced delays, the overall recovery of the aerospace market and steady LEAP engine deliveries could provide continued support for the company’s future business developments.

• The Q&A for the FY2026 Q2 earnings briefing was released on August 20, 2026.
• The buoyant DX investment in the construction industry is a tailwind for the company, and existing customer ARR is expanding due to price revisions and cross-selling (“direct Apps” and “Knowledge Videos” contracts).
• While new customer acquisition appeared to slow temporarily due to the price revision of “direct,” new lead generation from exhibitions is on track, and new orders in July and August are performing well.
• OEM sales, primarily to local governments, saw growth in Q2 due to new and additional contracts at the start of the fiscal year in April.
• The full service launch of “direct Assistant” is targeted for within the year, with a planned billing model based on organizational units (e.g., construction sites) rather than per user.
• The company utilizes generative AI for internal operations and system development, contributing to an increase in the scope and volume of tasks handled per employee and enabling higher quality work in the development department.

The company’s IR Q&A suggests that price revisions and cross-selling strategies for its core “direct” service are contributing to revenue growth from existing customers, driven by demand for DX in the construction industry. The ongoing efforts in new customer acquisition and the planned full release of “direct Assistant” within the year, leveraging AI, could be key growth drivers for the future. Internal utilization of generative AI for operational efficiency may also support business scaling and quality maintenance.

• G-LOGOS HD announced that the number of eligible shareholders for the first tier (holding 200 shares or more) of its “Multi-layered Share-type Shareholder Benefit” for the initial period (FY2027 May-end) has been determined as 2,816, based on the special record date of August 12, 2026.
• Based on this confirmed number of shareholders, the estimated benefit amount per shareholder is ¥7,103, calculated by dividing the benefit fund of ¥20,000 thousand by the number of eligible shareholders.
• As of August 12, 2026, the number of shareholders holding 300 shares or more was 2,007. The special record date for the second tier (holding 300 shares or more) is set for November 30, 2026.
• The total benefit fund is fixed, and if the final number of eligible shareholders decreases, the benefit amount per shareholder may increase.
• The company anticipates an annual dividend of ¥88.75 per share for the fiscal year ending May 2027. This suggests a total estimated shareholder return yield of 7.41% for shareholders holding 200 shares or more, combining dividends and shareholder benefits.

G-LOGOS HD’s “share-type” shareholder benefit system means the current announcement provides an initial estimate for the benefit amount. The fact that the per-shareholder benefit could increase if fewer shareholders meet the continuous holding conditions by the final record date in May 2027 may be a key point for investors to monitor. Furthermore, the anticipated total return yield exceeding 7%, combining dividends and shareholder benefits, might be perceived as an attractive shareholder return policy.

• Pacific Net Co., Ltd. released a Q&A summary regarding its financial results for the fiscal year ended May 2026 on August 20, 2026.
• The record-high performance for FY2026/5 was attributed to the tailwind of Windows OS refresh demand, coupled with the expansion of recurring revenue from long-term contracts in the IT Subscription business and a shift in the ITAD business structure towards profit generation independent of acquisition volume, by securing newer devices and expanding sales channels.
• For FY2027/5, despite anticipating the normalization of Windows OS refresh demand, the company forecasts continued revenue and profit growth with consolidated sales of 11,100 million yen and operating income of 1,450 million yen, driven by a strengthened revenue base.
• The decline in standalone operating income for the fourth quarter of FY2026/5 compared to the prior year was primarily due to the absence of one-off revenues recorded in the previous year and the current period’s upfront depreciation expenses related to increased subscription assets and special bonus payments.
• Regarding the large-scale disposal demand for GIGA School terminals in the ITAD business, the company stated that it does not currently factor a significant impact on overall performance, as many terminals are Chromebooks with relatively low resale value.

The company’s focus on expanding recurring subscription revenue and restructuring its ITAD business to reduce dependency on device acquisition volumes suggests a strategic shift towards more sustainable growth drivers beyond one-off demands like Windows OS refreshes. The management’s reiteration of a full-year record performance for FY2026/5 and an optimistic outlook for FY2027/5, despite a temporary Q4 dip due to specific factors, could be viewed positively by investors. Furthermore, the cautious stance on GIGA School terminal disposal and the proactive expansion into AI infrastructure-related equipment indicate a forward-looking approach to diversifying revenue streams and adapting to market changes.

• JINUSHI Corporation released the transcript of its institutional investor and analyst briefing, held on August 14, concerning its second quarter financial results for the fiscal year ending December 2026, previously announced on August 13.
• For the second quarter of FY2026, net sales were ¥34.5 billion, operating income ¥4.4 billion, ordinary income ¥3.2 billion, and net income attributable to owners of the parent was ¥2.0 billion.
• The company plans to primarily recognize profits in the fourth quarter of FY2026, indicating progress is in line with expectations.
• 92% of projects scheduled for sale in the current fiscal year have already been confirmed, suggesting a high certainty of achieving the ¥8.0 billion net income forecast.
• Cumulative procurement contracts for the second quarter totaled ¥49.4 billion, showing steady progress towards the annual procurement target of over ¥100 billion.
• Interest rate linkage clauses have been introduced in 8 out of 41 procurement contracts executed in the second quarter of FY2026.

This IR release details JINUSHI Corporation’s progress in Q2 FY2026 and provides insights into its outlook for achieving full-year performance targets. The company’s strategy of concentrating profits in the fourth quarter, coupled with the high certainty of achieving its net income forecast due to confirmed sales projects, could be noteworthy for investors. Furthermore, the emphasis on expanding procurement through “JINUSHI Leaseback” and measures to address interest rate fluctuations may indicate a proactive approach to managing market dynamics and supporting business resilience.

• Consolidated net sales for the second quarter of the fiscal year ending December 2026 (first half) reached 3,238 million yen (up 0.7% year-on-year).
• The operating loss for the interim consolidated accounting period was 49 million yen, an improvement of 6 million yen from 56 million yen in the previous period.
• The Management Support business reported sales of 1,529 million yen (up 2.5% year-on-year) and operating income of 187 million yen (down 13.0% year-on-year).
• The Restaurant business saw a 0.8% decrease in sales year-on-year for the first half due to domestic store restructuring, but turned to a 2.1% increase in sales for the second quarter alone. Overseas (Vietnam) recorded significant growth of +39.2% year-on-year.
• The company plans to acquire the “Omise Craft” restaurant opening support service business from Sojitz Foods Corporation, effective September 1, 2026.

Ｇ－ＦＡＣＴＯＲＹ is observed to be balancing structural reforms, such as rationalizing unprofitable domestic stores, with strategic growth investments like expanding into new areas for foreign talent introduction services and acquiring the “Omise Craft” business. The improvement in operating loss during the first half suggests that the company’s efforts to optimize its cost structure are taking effect, while the detailed Q&A provides insight into the strategies aimed at achieving profitability in the second half. The growth in the overseas restaurant business, particularly in Vietnam, compensating for domestic declines, highlights the dynamic nature of its business portfolio.

• G-SHANON reported an operating income of ¥311 million for the cumulative second quarter of the fiscal year ending December 2026, marking a return to profitability for the first time in four periods and achieving a record-high half-year profit.
• Total net sales reached ¥1,441 million (48.0% progress against full-year public budget), with the recurring revenue ratio increasing to 70.2% (vs. 64.0% for the previous full year).
• The total number of accounts expanded to 888, up from 571 at the end of the previous fiscal year.
• For the full-year forecast, while net sales remained at ¥3,000 million, operating income was revised upwards from ¥350 million to ¥500 million, ordinary income from ¥349 million to ¥498 million, and net income attributable to owners of the parent from ¥289 million to ¥600 million.
• Subscription sales in the Marketing Cloud business grew to ¥1,012 million, significantly benefiting from the contribution of Innovation X Solutions (IX), a subsidiary acquired at the end of the previous fiscal year.

G-SHANON’s Q2 FY2026 results are noteworthy for the reported operating income marking a return to profitability after four periods, achieving a record-high half-year profit. This turnaround appears to be driven by ongoing business restructuring and an increased recurring revenue ratio, partly attributed to the acquisition of subsidiary IX. The upward revision of full-year profit forecasts may indicate management’s confidence in the continued positive trajectory of their business operations.

• Infonet Inc. published a Q&A collection regarding its Q1 FY2027 financial results.
• The full-year performance forecast was revised upward to net sales of 3,301 million JPY and operating income of 183 million JPY.
• The primary reason for the upward revision is the consolidation of Active Retec Inc.’s performance from July 2026 to March 2027, adding 1,061 million JPY in net sales and 92 million JPY in operating income.
• The initial forecasts for the existing five group companies (net sales of 2,239 million JPY, operating income of 137 million JPY) remain unchanged, with 46 million JPY for acquisition-related costs and goodwill amortization incorporated.
• Recurring revenue for Q1 was 277 million JPY, a 9.1% increase year-on-year.
• Regarding AI services, “Cogmo Enterprise Generative AI” showed strong progress, with the AI search and RAG-type generative AI “Cogmo” being introduced to the Chuo Ward official website in July 2026.

The upward revision primarily driven by the consolidation of Active Retec suggests that its business will be a key contributor to Infonet Group’s future growth. The expansion of AI services like “Cogmo series” and the transition from Web/CMS projects to maintenance/operations are expected to enhance the stability of the revenue base through increased recurring income. Achieving full-year targets will likely depend on securing projects from Q2 onwards and each group company meeting its planned goals.

• Mitsubishi Electric Corporation has decided to acquire all shares of US-based PCI Energy Solutions (PCI) for $1.4 billion, making it a wholly owned subsidiary.
• PCI develops and provides energy management and optimization software supporting power trading, generation/transmission/distribution operations, demand-supply planning, risk management, and settlement, primarily in North America.
• The agreement was reached on August 20, 2026 (Japan time), and the transaction is expected to be completed in 2026, subject to necessary regulatory approvals and satisfaction of general closing conditions.
• PCI’s consolidated net sales were $59,252 thousand for the fiscal year ended December 2023, $67,785 thousand for December 2024, and $81,383 thousand for December 2025.
• Through this transaction, Mitsubishi Electric aims to combine PCI’s optimization technology with its own control technologies and component expertise to expand solutions in energy management and optimization, and drive business growth.

This acquisition aligns with Mitsubishi Electric’s new mid-term management strategy, focusing on “Smart Energy” as a key growth area. The integration of PCI’s established energy management software, which is utilized by 60% of the US power generation market, with Mitsubishi Electric’s existing control technologies and digital platforms, could significantly enhance its capabilities in optimizing overall energy utilization. This strategic move may suggest Mitsubishi Electric’s commitment to strengthening its global presence in the rapidly evolving energy sector and addressing complex demands driven by renewable energy expansion.

• Kyoei Security Service Co., Ltd. announced that its consolidated subsidiary, Goken Keibi Hosho Co., Ltd., will absorb its sub-subsidiary, Chugoku Keibi Hosho Co., Ltd.
• The purpose of this merger is to integrate the two companies, both based in Western Japan, to swiftly and massively provide optimal security systems.
• The effective date of the merger is October 1, 2026.
• The merger will be conducted as an absorption-type merger, with Goken Keibi Hosho Co., Ltd. as the surviving company and Chugoku Keibi Hosho Co., Ltd. as the absorbed company.
• As this is a merger between a consolidated subsidiary and a sub-subsidiary, there will be no issuance of new shares or increase in capital.

This merger appears to be a strategic move to optimize operations within the Kyoei Security group. It could potentially enhance business efficiency and service capabilities in the Western Japan region. While the impact on consolidated financial results is stated as minor, any long-term synergies resulting from the integration of business foundations may be worth monitoring.

• G-Branding resolved at its board meeting on August 20, 2026, to acquire all shares of menu magazine Co., Ltd., making it a subsidiary.
• menu magazine’s primary business involves the development and operation of “URIBACO,” an e-commerce supermarket platform for the supermarket industry.
• The acquisition price for common shares is ¥650 million, with a total estimated cost of ¥656 million including advisory fees.
• The share transfer is scheduled for September 30, 2026, after which menu magazine will become a consolidated subsidiary of G-Branding.
• menu magazine’s financial results for the latest fiscal year (ended June 2026) show net sales of ¥846,874 thousand, operating profit of ¥269,180 thousand, and net income of ¥164,954 thousand. However, a seafood business segment is planned to be divested upon acquisition.

G-Branding’s acquisition of menu magazine, which operates an e-commerce platform for the supermarket industry, suggests a strategic move to expand into new market segments beyond its existing industry-specific domains. The URIBACO system’s focus on supporting profitable online sales for supermarkets and the mention of potential consumption tax rate changes could indicate the company’s efforts to capitalize on evolving market conditions. Investors should note the expected significant decline in revenue and profit for the fiscal year ending June 2027 due to the planned divestiture of the seafood business.

• G-Serendip Holdings announced its consolidated results for the first quarter of the fiscal year ending March 2027.
• Revenue reached ¥15,872 million, marking a 69.8% increase year-over-year. Operating profit was ¥530 million (up 0.3% YoY), and ordinary profit was ¥625 million (up 12.2% YoY).
• Net profit attributable to owners of the parent company was ¥321 million, a decrease of 10.1% year-over-year.
• Adjusted EBITDA achieved a record high of ¥1,151 million, an increase of 24.5% year-over-year.
• The company introduced new segment classifications (Manufacturing Business, Solutions Business), and the full-year contribution from newly consolidated subsidiary Surtec Kariya significantly boosted revenue.
• The consolidated full-year forecast for the fiscal year ending March 2027 remains unchanged from the previous announcement on May 14, 2026.

These results highlight a significant increase in revenue and record-high adjusted EBITDA, primarily driven by the Manufacturing Business, which compensated for temporary fluctuations in the Solutions Business. While the Solutions Business experienced some one-time costs and project delays, the stability of the Manufacturing Business demonstrated a diversified portfolio effect. The company’s decision to maintain its full-year forecast suggests management anticipates a recovery in the Solutions segment later in the fiscal year, a point that may be worth monitoring.

• Anabuki Kosan announced a partial correction to its “Consolidated Financial Results for the Fiscal Year Ended June 30, 2026 (Japanese GAAP)” on August 20, 2026.
• The reason for the correction was the discovery of an error in the calculation of service fees between the company and its consolidated subsidiaries after the initial publication.
• The correction addresses the specific parts related to this error.
• Due to numerous correction points, the full corrected document has been re-published with underlined changes.
• The corrected financial results include revised numerical data for the consolidated operating results, financial position, and cash flows for the fiscal year ended June 2026.

Anabuki Kosan’s announcement of a correction to its Q4 FY2026 financial results highlights the importance for investors to review the accuracy of disclosed information. Given that the correction stems from an error in calculating service fees between consolidated entities, comparing the revised figures with the original ones would be crucial for understanding the impact on the consolidated financial statements. The provision of the full corrected text with underlined changes allows for detailed scrutiny of the affected areas.

• ＷＴＩ Crude Oil ETF (Code: 1671) announced its financial results for the July 2026 period (January 16, 2026, to July 15, 2026) on August 20, 2026.
• Total net assets at the end of the current period (July 15, 2026) were ¥16.01 billion, a decrease from ¥26.435 billion at the end of the previous period.
• The net asset value per unit was ¥4,932, an increase from ¥3,248 at the end of the previous period.
• Units issued during the period totaled 6.226 billion, while units redeemed amounted to 11.120 billion, resulting in 3.246 million units outstanding at the end of the current period, a decrease from 8.140 million units at the end of the previous period.
• Major investment assets were ¥11.642 billion, comprising 72.7% of net assets.
• The distribution per unit was ¥0 for both the July 2026 and January 2026 periods.

The WTI Crude Oil ETF’s July 2026 financial results show a decrease in total net assets but a significant rise in net asset value per unit. This suggests that while the overall fund size contracted due to redemptions substantially exceeding new creations, the value per remaining unit appreciated. The notable decrease in outstanding units, resulting from the redemption trend, could be an important factor for investors to monitor regarding the fund’s liquidity and market presence.

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

• VIX Short-Term Futures Index ETF (Code: 318A) announced its interim financial results for the 1st half of the fiscal year ending January 2027 (January 16, 2026 to July 15, 2026).
• As of the end of the interim period (July 15, 2026), net assets totaled ¥4,474 million, compared to ¥9,088 million at the end of the previous fiscal period.
• The composition of main investment assets was 51.8% (¥2,318 million), while cash, deposits, and other assets (net of liabilities) constituted 48.2% (¥2,155 million).
• The number of outstanding units at the end of the interim period was 10,230 thousand units, a decrease from 16,420 thousand units at the end of the previous fiscal period.
• The 10-unit net asset value (NAV) was ¥4,370 at the end of the interim period, down from ¥5,540 at the end of the previous fiscal period.
• Total operating revenue for the interim period was ¥12,376,427, total operating expenses were ¥37,267,810, resulting in an interim net loss of △¥24,891,383.

The interim financial results for the VIX Short-Term Futures Index ETF show a decrease in net assets and outstanding units, alongside a decline in the 10-unit NAV. This may suggest that market conditions and investor demand fluctuations have impacted the fund’s performance. While the fund’s primary investment assets are government and corporate bonds, the derivative transaction gains/losses appear to have influenced overall operating revenue, which is a point worth monitoring for investors.

• “Industry Reform Select TV” (Fund Name: Industry Reform Select ETF TV Industry, Code: 394A) announced its financial results for the 7-month period ended July 2026 (July 16, 2025 – July 12, 2026).
• Net assets at the end of the reporting period amounted to ¥128 million. Key investment assets (stocks) totaled ¥128 million (99.7% of composition), with cash, deposits, and other assets at ¥0 million (0.3% of composition).
• The number of outstanding units at the end of the period was 240 thousand units, with 240 thousand units created during the period.
• The net asset value (NAV) per 10 units was ¥5,373.1.
• A dividend of ¥0 per 10 units was announced for the reporting period.
• Operating revenue was ¥13,471,003, operating expenses were ¥4,800,483, and net profit for the period was ¥8,670,520.

Industry Reform Select TV (394A) reported net assets of ¥128 million and a 10-unit NAV of ¥5,373.1 for its July 2026 fiscal period. While the fund, which primarily invests in stocks, recorded a net profit for the period, no dividends were distributed per 10 units. This marks the first financial announcement since the creation of 240 thousand units during the period, and future operational performance and distribution policies may be worth monitoring.

• Fund name: “Industry Reform Selected ETF REIT Event-Driven”, Code number: 396A.
• Total net assets for the period ended July 2026 (January 13, 2026 – July 12, 2026) amounted to ¥109 million.
• Principal investment assets were ¥107 million, with cash, deposits, and other assets (net of liabilities) at ¥1 million.
• Outstanding units remained unchanged at 220 thousand units from the previous period.
• The NAV per 10 units was ¥4,961.3, a decrease from ¥5,553.4 in the prior period.
• Distribution per 10 units was ¥0.0 (compared to ¥26.3 in the previous period).
• Total operating revenue for the current period was -¥10,071,633, resulting in an operating loss of -¥12,518,456.
• On the balance sheet, the period-end surplus or deficit was -¥851,246, indicating a deficit of principal.

The financial results for Industry Reform Selected REIT (396A) for the July 2026 period show a decrease in net assets and NAV per 10 units compared to the previous period, with the distribution per 10 units becoming zero, which may draw investor attention. Furthermore, the statement of income and retained earnings indicates an operating loss and a shift from surplus to deficit, resulting in a principal deficit on the balance sheet, suggesting that continued monitoring of the fund’s operational performance could be important for investors.

• G-Waqoo announced its supplementary financial results for the third quarter of the fiscal year ending September 2026.
• The consolidated full-year earnings forecast for FY2026 has been revised upwards for the second time, with operating profit increasing from an initial ¥304 million to ¥560 million (+84.2%), ordinary profit from ¥294 million to ¥550 million (+86.5%), and net profit from ¥184 million to ¥410 million (+122.0%).
• The Medical Support business recorded cumulative net sales of ¥1,312 million for the first three quarters of FY2026, marking a 128.5% increase year-over-year. Sales for the third quarter alone in this segment reached ¥680 million.
• A shareholder benefit program has been introduced as part of strengthening collaboration with SBC Medical Group. It offers a 10% OFF coupon usable at SBC Shonan Beauty Clinic, targeting shareholders holding 100 shares or more.
• For the nine months ended June 2026, cumulative net sales were ¥2,039 million (up 54.9% year-over-year), and operating profit was ¥415 million (a turnaround from a loss of ¥32 million in the prior year period).

G-Waqoo’s recent announcement, featuring a second upward revision of its earnings forecast and significant growth in its Medical Support business, suggests that its business model transformation is substantially contributing to profitability. The introduction of a shareholder benefit program, linked to its partnership with SBC Medical Group, could further enhance investor appeal and expectations for future synergies. Investors may wish to monitor the company’s continued focus on the regenerative medicine sector and its sustained improvement in profitability.

• Lintec announced on August 20, 2026, the completion of the interim review by certified public accountants for its Q1 FY2027 consolidated financial results (Japanese GAAP).
• This interim review was conducted in relation to the offering of the company’s common shares, decided by the Board of Directors on the same date.
• The contents of the quarterly consolidated financial statements released on August 6, 2026, remain unchanged.
• For Q1 FY2027 (April 1, 2026 – June 30, 2026), consolidated results showed sales of JPY 83,178 million (+7.9% YoY), operating income of JPY 6,873 million (+18.4% YoY), ordinary income of JPY 7,143 million (+27.2% YoY), and net income attributable to parent company of JPY 5,399 million (+41.4% YoY).
• The full-year consolidated earnings forecast for FY2027 (April 1, 2026 – March 31, 2027) remains unrevised, projecting sales of JPY 342,000 million (+7.1% YoY), operating income of JPY 27,500 million (+9.3% YoY), ordinary income of JPY 27,500 million (+7.1% YoY), and net income attributable to parent company of JPY 19,500 million (+12.2% YoY).

The completion of the interim review by certified public accountants typically enhances the credibility of financial statements. The reported Q1 FY2027 results show significant year-on-year growth across all key profit metrics, with a notable increase in net income attributable to the parent company. The decision to maintain the full-year earnings forecast could suggest management’s confidence in the company’s performance trajectory for the remainder of the fiscal year.

• Fibergate has released the archive video and transcript of its full-year earnings briefing for the fiscal year ended June 2026.
• The briefing was conducted via webcast on August 14, 2026, with President and CEO Masanori Inomata as the speaker.
• For the fiscal year ended June 2026, sales increased by 5%, but recurring profit decreased by 7%, falling short of the initial operating profit budget of JPY 2.0 billion, landing at JPY 1.811 billion.
• Key factors contributing to the decline in recurring profit included struggles in the renewable energy business, M&A-related expenses, and increased cost burden from the equipment outright sales model.
• In the home-use business, while the shift to equipment outright sales has impacted the profitability of flow business, internal structural changes are progressing, and the impact on profitability is expected to gradually decrease. New construction project acquisition remains strong.
• The renewable energy business recorded a segment loss of JPY 140 million in the previous period. For the fiscal year ending June 2027, it aims for profitability, with increased sales but limited contribution to operating profit.
• The significant drop in net income was attributed to the acquired construction company becoming insolvent, leading to an impairment loss on goodwill.

Fibergate’s FY2026/6 results, despite increased sales, show a decline in recurring profit, suggesting a period of business model transition. The impact of the equipment outright sales model on home-use segment profitability and the progress towards profitability in the renewable energy business could be key drivers for future performance recovery. Additionally, the temporary expenses related to M&A and impairment charges affecting net income are worth monitoring for future profit levels.

• Headwaters Inc. announced a correction to a portion of its “Consolidated Financial Results for the Second Quarter of the Fiscal Year Ending December 2026 (Japanese GAAP)” initially disclosed on August 14, 2026.
• The reason for the correction was an error in the account settings and numerical links within the financial results brief creation system, which occurred when adjusting the figures for the fiscal year ended December 2025 to reflect the retrospective application following a change in accounting policy from the fiscal year ending December 2026.
• Consequently, some figures in the “Summary Information” and parts of the explanation regarding operating results, financial position, and cash flows in “1. Qualitative Information Regarding Quarterly Financial Results” were inconsistent with the contents of the interim consolidated financial statements.
• This correction aims to align the descriptions in the “Summary Information” and “1. Qualitative Information Regarding Quarterly Financial Results” of the earnings report with the already disclosed interim consolidated financial statements; there are no corrections to “2. Interim Consolidated Financial Statements and Major Notes.”
• The company stated that this correction has no impact on the operating results, financial position, or cash flows for the current interim consolidated accounting period.
• Headwaters plans to prevent recurrence by clarifying procedures for system setting changes and verification in cases of irregular processing (e.g., changes in accounting policies), and by thoroughly cross-referencing figures and content between the earnings report, consolidated financial statements, and semi-annual report to strengthen its disclosure verification system.

This correction primarily addresses discrepancies in the summary and qualitative sections of the earnings report, rather than altering the core interim consolidated financial statement figures themselves. The issue stemmed from a system error related to a change in accounting policy, which did not impact the underlying financial performance or position. Investors should note that the company is implementing measures to strengthen its internal controls and ensure the accuracy of future disclosures, which may improve transparency moving forward.

• HMT reported consolidated results for the fiscal year ended June 2026: net sales of ¥1,421 million (down 2.3% YoY), operating profit of ¥209 million (down 15.9% YoY), ordinary profit of ¥206 million (down 14.2% YoY), and net profit attributable to parent company shareholders of ¥200 million (down 21.9% YoY).
• By service, Life Science Research Support Service (LSS) decreased to ¥930 million (down 18.6% YoY), while Functional Material Development Support Service (FDS) increased to ¥363 million (up 16.6% YoY) and Biomanufacturing Support Service (BMS) generated ¥127 million.
• The previous mid-term management plan (FY2023/6 to FY2026/6) saw sales consistently deviate from targets, with a deviation of approximately ¥200 million in the final year. Operating profit remained largely flat, and net profit attributable to parent company shareholders decreased.
• The company formulated a new 5-year mid-term management plan, “TIAD6” (July 2026 to June 2031), targeting “doubling corporate value” and “establishing a foundation for accelerated sustainable growth,” aiming for an operating profit of ¥600 million, an operating profit margin of ≥25%, and an ROE of ≥15%.
• The new mid-term plan outlines five key challenges and strategies: “Maintaining and expanding existing businesses,” “Expanding business domains,” “Strengthening technological competitiveness,” “Improving productivity,” and “Strengthening human capital.”

The FY2026/6 results indicate a decline in overall performance, largely due to a slowdown in the Life Science Research Support Service, while Functional Material Development Support and Biomanufacturing Support showed growth. The underperformance of the previous mid-term plan highlights challenges such as fluctuations in large domestic academia projects, declining overseas business, and increased cost of sales. Investors may focus on how the new mid-term management plan addresses these issues, particularly the strategies for building a revenue structure less dependent on academia projects and strengthening technological competitiveness, as these efforts could be crucial for future corporate growth.

• Nippon Reit announced its financial results for the 2026 H1 period (January 1 to June 30, 2026).
• Operating revenue for the period was ¥10,190 million (down 12.6% from the previous period), operating income was ¥6,032 million (down 19.3%), ordinary income was ¥5,091 million (down 23.5%), and net income was ¥5,090 million (down 23.5%).
• Net income per unit was ¥2,813. Distribution per unit (excluding profit-exceeding distributions) was ¥2,516, an increase from the previous period (¥2,433).
• The total number of investment units outstanding at the end of the period increased to 1,830,330 units (from 1,768,380 units at the end of December 2025).
• Forecasts for the 2026 H2 and 2027 H1 periods were also released, projecting a distribution per unit of ¥2,300 for both periods.

While operating revenue and profit decreased in the first half of 2026 compared to the previous period, the distribution per unit showed an increase. This could be influenced by a rise in total distributions and adjustments in retained earnings. The increase in the number of outstanding investment units due to new unit issuance during the period is also a relevant factor for investors to consider.

• fonfun Co., Ltd. announced on August 20, 2026, the release of the archive video and a Q&A transcript from its online earnings briefing for the first quarter of the fiscal year ending March 2027, which was held on August 17, 2026.
• The Q&A addresses management’s views on stagnant stock prices, factors behind the low net profit in Q1 and the outlook for achieving full-year targets, and the progress of new M&A activities.
• The company’s strategy for achieving its Second Medium-Term Management Plan (Project Phoenix II) involves continuing to accumulate recurring revenue and executing roll-up M&A, aiming for 10 billion JPY in net sales, 2 billion JPY in EBITDA, and a market capitalization of 30 billion JPY.
• Regarding goodwill increase from M&A and associated impairment risk, the company stated that it acquires profitable businesses with an EBITDA multiple of 5x or less (investment recovery within 5 years) and strictly monitors each acquired business for impairment indicators.
• Acquisition funding will primarily be sourced through bank loans for the time being, with equity finance being considered as an option in the future, carefully balancing it with dilution concerns for existing shareholders.
• For shareholder returns, while a commemorative dividend was paid in FY2026, the current policy is to prioritize allocating available funds to M&A and business expansion, thus maintaining a no-dividend policy for the foreseeable future. The acquisition and cancellation of treasury shares will be continuously reviewed.

The released Q&A highlights management’s commitment to M&A strategy and recurring revenue accumulation as key drivers for achieving the Second Medium-Term Management Plan’s goals. Management’s perspective on net profit progress and goodwill impairment risk could be crucial for investors assessing future performance. Furthermore, the company’s shareholder return policy, which prioritizes investment in M&A and business expansion, suggests a focus on growth, indicating that the balance between growth strategy and shareholder returns may be a point of interest for investors.

• G-eWeLL Co., Ltd. has released the transcript and video of its “Q2 FY2026 Earnings Presentation,” held on August 14, 2026.
• Separate presentations were conducted for institutional investors and individual investors.
• The published content includes an article on Logmi Finance (titled: “eWeLL surpasses earnings forecast with 47.5% operating profit margin in H1, AI visit scheduling and route-based billing launched with 273 cases, exceeding targets”) and a video provided by Nomura IR (viewing period: August 19, 2026, to February 18, 2027).
• The company was founded in June 2012, listed on the Tokyo Stock Exchange Growth Market in September 2022, and its main services include cloud business centered on the electronic medical record “iBow” for home-visit nursing stations and cloud BPaaS business.
• The pricing model for “iBow” is a hybrid subscription consisting of a usage-based fee of 100 yen per visit and a monthly basic fee of 18,000 yen per station, with contract durations ranging from a minimum of 2 years to a maximum of 7 years.

The released earnings presentation materials offer valuable insights into the company’s business model, particularly for its flagship service “iBow,” and its position within the home healthcare market. Investors may find the discussion on the government’s policy to promote home healthcare and “iBow”‘s contribution to medical cost reduction, along with the usage-based revenue structure, to be key aspects for evaluating the company’s growth potential. Furthermore, the company’s ICT utilization strategy to address the nursing shortage in home-visit nursing could be a significant factor to monitor for future business developments.

• G-SMASAPO announced a correction to a portion of its “Notice Regarding Business Transfer and Business Alliance” originally disclosed on July 21, 2026.
• The correction pertains to the statement that “a business transfer agreement and a business alliance agreement were concluded.”
• The revised statement clarifies that only the business transfer agreement has been concluded, while the business alliance is “at the stage of commencing discussions towards concluding a business alliance.”
• Consequently, under “5. Schedule,” the ” (2) Contract Signing Date” has been updated to “Business Transfer Agreement Signing Date: July 4, 2026,” with an explicit note that the business alliance agreement signing date is undetermined.
• The counterparties for the business transfer are Iwatani Corporation and Iwatani Equipment System Co., Ltd., and the partial transfer of their detached housing after-sales maintenance and renovation business is still scheduled for September 1, 2026.

This correction highlights a significant change in the status of the business alliance, shifting from a “concluded” state to “commencing discussions.” This adjustment may suggest that the realization of synergistic benefits from the business alliance is now in a less certain phase than initially communicated. Investors might consider monitoring future disclosures regarding the progress of these alliance discussions for further clarity.

• G-GiX Co., Ltd. announced a partial correction to its “Consolidated Financial Results for the Fiscal Year Ended June 2026 (Japanese GAAP)” on August 20, 2026.
• The reason for the correction was the discovery of an error in part of the disclosed content after the submission of the financial results brief on August 14, 2026.
• The correction specifically pertains to the description of “Core Operating Profit” within “1. Overview of Operating Results (1) Overview of Operating Results for the Current Period” on page 2 of the attached document.
• The revised figure for the prior period’s core operating loss changed from “¥88,168 thousand loss in the previous period” to “¥74,651 thousand loss in the previous period.”
• The company stated that this correction has no impact on its financial statements.

This correction addresses a numerical error in the previous period’s core operating loss figure within the financial results brief. The fact that there is no impact on the overall financial statements suggests that the company’s fundamental financial health and current fiscal year outlook remain unchanged by this revision. Investors may view this as an update to ensure accuracy in disclosed information, which is generally considered positive for market transparency.

• Ｇ－サイフューズ (Cyfuse Biomedical K.K.) announced its financial results for the second quarter of the fiscal year ending December 2026.
• Sales reached ¥104,321 thousand, marking a 254.6% increase compared to the same period in the previous year.
• Operating loss was ¥417,507 thousand, and net loss for the interim period was ¥434,588 thousand.
• In the regenerative medicine sector, an investigator-initiated clinical trial for allogeneic peripheral nerve regeneration is ongoing, and a clinical trial notification for osteochondral regeneration has been submitted.
• New products, “Human 3D Mini Liver® / Disease Model” in the drug discovery support sector and “CAP (Compact Automatic Pipetting system)” in the device sector, have been launched for sale.

The substantial increase in sales suggests that the company’s business activities are diversifying across multiple fronts. The progress in key pipeline developments and the launch of new products could potentially contribute to strengthening future revenue streams. While the company continues to report losses, the ongoing efficient development through partnerships might influence future financial improvements.

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