Japan Stock IR Daily – August 21, 2026 (34 reports)

• NZAM Listed TOPIX Ex-Financials (Code: 1596) announced its financial results for the period ended July 2026 (January 16, 2026 – July 15, 2026) on August 21, 2026.
• Total net assets at the end of the current period were JPY 7,285 million, an increase of approximately 93.6% from JPY 3,763 million at the end of the January 2026 period.
• Shares outstanding reached 2,295 thousand units at the end of the July 2026 period, an increase of 1,001 thousand units from 1,294 thousand units at the end of the January 2026 period.
• The net asset value per 100 units was JPY 317,426 at the end of the July 2026 period, compared to JPY 290,835 at the end of the January 2026 period.
• The distribution per unit was JPY 17.4 (per trading unit) for the July 2026 period, while it was JPY 24.3 for the January 2026 period.

NZAM Listed TOPIX Ex-Financials demonstrated substantial growth in net assets and shares outstanding compared to the previous period, which may suggest increasing investor interest in the fund. The rising net asset value per unit also indicates a positive trend in its performance, possibly reflecting broader market conditions. However, the distribution per unit decreased compared to the prior period, and investors may want to examine the factors contributing to this change.

• The financial results for the NZAM Listed Fund Overseas Bonds (FTSE WGBI ex-Japan) (Unhedged) (Code: 539A) for the fiscal year ending July 2026 were announced on August 21, 2026.
• Total net assets as of July 15, 2026, were 573 million yen.
• The total number of units issued at the end of the current calculation period (July 15, 2026) was 114 thousand units.
• The net asset value (NAV) per 100 units was 502,643 yen.
• The distribution per unit was 40.8 yen.
• The scheduled submission date for the Annual Securities Report is October 15, 2026, and the distribution payment commencement date is August 21, 2026.

• Onoken Co., Ltd. announced its Financial Results Briefing for Q1 FY2027 on August 21, 2026.
• For Q1 FY2027, consolidated net sales were 61,559 million yen (down 1.0% year-on-year), and operating income was 1,111 million yen (down 8.1% year-on-year).
• Ordinary income increased to 1,384 million yen (up 11.4% year-on-year), and net income attributable to owners of parent was 877 million yen (up 9.0% year-on-year).
• The steel business achieved increased sales and profit due to higher steel product sales volumes and improved spreads driven by domestic manufacturers’ price hikes.
• The construction business experienced decreased sales due to delays in project progress for existing large-scale orders and a decrease in profit margins due to rising construction costs.
• A gain on the sale of investment securities from some strategic shareholdings contributed to the increase in ordinary income.
• Regarding the Kumamoto Earthquake on July 28, 2026, there was no significant impact on business operations to date, though the possibility of temporary cost burdens for repairs was noted.
• The full-year FY2027 earnings forecast remains unchanged as it is currently difficult to reasonably calculate the impact of the Kumamoto Earthquake on external and internal environments.

Onoken’s Q1 FY2027 results show a divergence between strong performance in the steel business and contributions from strategic share sales, which boosted ordinary income, versus a decline in the construction business, leading to a dip in operating income. The unquantified impact of the Kumamoto Earthquake on the full-year forecast suggests that investors may need to monitor future disclosures carefully. Variations in profitability across segments and rising selling, general, and administrative expenses could also be factors influencing future performance.

• Rococo Co., Ltd. reported that for the cumulative period of the second quarter of the fiscal year ending December 2026, net sales were 4,700 million JPY (up 9.4% year-on-year), while operating profit was 94 million JPY (down 64.6% year-on-year), and net income attributable to owners of the parent was 17 million JPY (down 91.4% year-on-year).
• Key factors for the profit decline include increased expenses such as the establishment of a new R&D center in Poland, the opening of employment facilities for people with disabilities, advertising, recruitment/training, and amortization of goodwill from a subsidiary acquired in the previous fiscal year. These expenses include upfront investments for medium- to long-term growth.
• The full-year earnings forecast, disclosed on February 13, 2026, remains unchanged at this time, including projects where sales and profits are expected to be recorded in the second half of the year.
• The decline in profitability of the ITO & BPO business is attributed to the impact of expenses for personnel allocation, project setup, and business infrastructure enhancement preceding sales growth. The company aims to improve profitability through optimizing contract terms and other measures.
• The company decided to introduce a shareholder benefit program starting from the fiscal year ending December 2026, with details to be announced by September 2026. The introduction is not for short-term stock price measures but aims to promote medium- to long-term shareholding and deepen understanding of the company’s business.

Rococo’s Q2 FY2026 results indicate robust sales growth, but profits are significantly impacted by upfront investments. These are positioned as strategic investments for medium- to long-term growth, and maintaining the full-year forecast suggests an expectation of recovery in the latter half. The introduction of a shareholder benefit program amidst a profit decline is noteworthy, with the company aiming for long-term shareholder returns and expansion of its investor base.

• iShares Core US Treasury 7-10 Year ETF (Hedged) (code: 1482) released its financial results for the period ending July 2026 (January 12, 2026, to July 11, 2026).
• As of the end of the July 2026 period, total net assets were ¥114,749 million (100.0% of total). Major investment assets were government bonds, totaling ¥113,362 million (98.8% of total).
• Outstanding units at the end of the period were 74,009 thousand units, a decrease from 89,525 thousand units in the previous period. Units created were 6,997 thousand, while units redeemed were 22,514 thousand.
• The net asset value per unit was ¥1,550.49, a decrease from ¥1,621.08 in the previous period (January 2026).
• The distribution per unit was ¥35, an increase from ¥33 in the previous period.

The latest financial results indicate a decrease in both net assets and outstanding units, with redemptions exceeding creations being a notable factor. Conversely, the increase in distribution per unit from the prior period might be viewed as a positive signal for investors. The shifts in NAV per unit and the trend in distributions are key metrics for evaluating the fund’s performance over time.

• Nippon Suiko Consultants Co., Ltd. announced on August 21, 2026, a partial correction to its “Q2 FY2026 Earnings Presentation Material.”
• The reason for the correction was the discovery of an error in some of the stated content.
• The company clarified that the previously announced financial results (tanshin) remain uncorrected.
• The corrected parts are indicated with a red frame in the attached document.
• The full revised document has also been attached separately.

This correction, limited to the presentation material and not impacting the official earnings report, suggests a minimal direct effect on the company’s reported financial performance. Investors may perceive this as a proactive step by the company to ensure the accuracy of its public disclosures. Nevertheless, it could be prudent to monitor the consistency of future disclosures for any broader implications.

• YTL announced its unaudited annual financial results for the fiscal year ended June 30, 2026 (July 1, 2025 – June 30, 2026) on August 21, 2026.
• Consolidated revenue was RM31,614,277 thousand, representing a 2.7% increase compared to the previous fiscal year.
• Profit attributable to owners of the parent decreased by 26.8% to RM1,438,068 thousand.
• Basic earnings per share stood at 12.42 sen, down from 17.76 sen in the prior fiscal year.
• The annual dividend per share was set at 6.0 sen (final), an increase from 5.0 sen in the previous year, with a payout ratio of 48.3% (vs. 28.2% last year).
• Total assets reached RM102,946,477 thousand, and equity attributable to owners of the parent was RM18,311,779 thousand.
• Cash flow from operating activities was RM4,678,916 thousand, compared to RM6,126,874 thousand in the prior year.

YTL’s FY2026 annual results show an increase in revenue but a decrease in profit attributable to owners of the parent. The revenue growth may suggest an expansion in business operations, while the decline in profit could indicate rising costs, higher finance expenses, or impacts from associates and joint ventures. The increased dividend payout, despite the profit decline, may signal the company’s commitment to shareholder returns.

• Nippon Beet Sugar Co., Ltd. has decided to conduct a 3-for-1 stock split for its common shares, with a record date of September 30, 2026, and an effective date of October 1, 2026.
• Following the stock split, the company will amend its Articles of Incorporation to increase the total number of authorized shares from 20 million to 60 million.
• The year-end dividend forecast for the fiscal year ending March 2027 has been revised to ¥90.00 per share (equivalent to ¥270.00 per share before the split), which is a de facto increase from the previous forecast of ¥260.00.
• The annual maximum number of shares granted under the Restricted Stock Compensation Plan will be adjusted from within 15,000 shares to within 45,000 shares, effective October 1, 2026.
• The shareholder benefits program will also be changed, with eligibility criteria adjusted based on the split ratio. The long-term shareholder benefit criteria will also see a one-time adjustment for the next cycle regarding the holding period.

This announcement suggests the company aims to enhance market liquidity and broaden its investor base by reducing the per-share investment unit through the stock split. The commitment to a de facto increase in the dividend amount post-split may be viewed as a strong signal of shareholder return policy. Adjustments to the restricted stock compensation and shareholder benefit programs appear to be technical alignments necessary to maintain the substantive value of these schemes following the split.

• For the fiscal year ended June 2026, And Do HLD reported consolidated net sales of ¥49.617 billion (down 23.4% year-on-year), operating profit of ¥1.120 billion (down 57.3% year-on-year), ordinary profit of ¥1.120 billion (down 61.9% year-on-year), and net profit attributable to parent company shareholders of ¥1.452 billion (down 38.0% year-on-year).
• The results fell below the initial full-year plan, which projected net sales of ¥55.0 billion, operating profit of ¥2.9 billion, and ordinary profit of ¥3.0 billion.
• Key factors for underperformance included upfront investments in talent acquisition for the real estate trading business (a growth driver), a larger-than-expected revenue decrease in the house leaseback business (a downsizing segment), and the partial non-realization of transfers to the HLB fund.
• The company stated that there are no changes to the mid-term management plan’s policies and targets, but the process for achieving them will be revised in line with the business environment.
• By segment, the house leaseback business saw sales of ¥9.595 billion (down 50.7% YoY) and operating profit of ¥0.889 billion (down 60.7% YoY). The real estate trading business recorded sales of ¥35.246 billion (down 10.8% YoY) and operating profit of ¥1.713 billion (down 32.7% YoY). The financial business, however, showed growth with sales of ¥0.641 billion (up 13.8% YoY) and operating profit of ¥0.262 billion (up 46.3% YoY).

And Do HLD’s FY2026/6 results indicate a period of revenue deceleration during the transitional phase of its business portfolio restructuring outlined in the mid-term management plan. This appears to be driven by a combination of upfront investments in growth businesses and a greater-than-anticipated revenue decline in downsizing segments. Investors may wish to monitor the company’s revised processes and progress toward achieving its mid-term management plan targets.

• For Q1 FY2027, total orders reached ¥22,811 million, marking a 20.6% increase year-on-year.
• Net sales for the same period were ¥13,922 million, a 13.0% increase compared to the previous year’s first quarter.
• Operating profit grew by 14.1% year-on-year to ¥382 million.
• Net profit attributable to owners of parent increased by 43.9% year-on-year to ¥155 million.
• The equipment business segment recorded orders of ¥20,341 million (up 29.1% YoY) and net sales of ¥11,963 million (up 15.7% YoY).
• Sales fell below forecasts primarily due to the postponement of large-scale projects in environmental test chambers and energy device equipment to the second quarter, driven by customer convenience.
• Order intake was robust in the AI semiconductor and satellite communication sectors, with recovery observed in Europe and Korea.

ESPEC’s Q1 FY2027 results indicate strong demand, particularly in AI semiconductor and satellite communication fields, which drove significant order growth. However, the timing shift of large project revenue recognition, especially within the equipment business, resulted in sales missing forecasts, suggesting that future quarters may see these deferred revenues materialize. Investors may find it worth monitoring how these project deferrals impact subsequent financial reporting and the company’s full-year outlook.

• Yagami Co., Ltd. announced its consolidated financial results for the first quarter of the fiscal year ending April 2027 (April 21, 2026, to July 20, 2026).
• Net sales were ¥2,453 million (up 1.2% year-on-year), operating profit was ¥426 million (down 8.2% year-on-year), ordinary profit was ¥446 million (down 6.6% year-on-year), and net profit attributable to parent company shareholders was ¥312 million (down 4.2% year-on-year).
• By segment, sales in Industrial Equipment increased to ¥727 million (up 14.1% year-on-year) with segment profit of ¥187 million (up 17.7% year-on-year), driven by active domestic capital investment in semiconductor manufacturing equipment.
• Conversely, sales in Scientific and Laboratory Equipment decreased to ¥969 million (down 10.3% year-on-year), with segment profit of ¥104 million (down 35.6% year-on-year), due to the progress of school building renovation projects and sluggish sterilizer sales.
• The consolidated earnings forecasts for the full year and the second quarter of the fiscal year ending April 2027 remain unchanged from the announcement made on May 29, 2026.

Yagami’s Q1 FY2027 results show a slight increase in net sales but a decline in key profit figures compared to the previous year. This performance appears to be influenced by strong demand in industrial equipment for semiconductor manufacturing, which was offset by decreased sales in scientific and laboratory equipment and sterilizers for schools. With no change to the full-year earnings forecast, investors may monitor how the company addresses these segmental disparities in the coming quarters.

• EED Co., Ltd. resolved on August 21, 2026, to conduct an absorption-type merger (short-form merger) with its wholly-owned subsidiary, Sun Smile Co., Ltd.
• The merger’s objectives are to consolidate the group’s management resources, achieve efficient business operations, and maximize synergy effects.
• The effective date of the merger is scheduled for November 1, 2026, contingent upon approval at the ordinary general meeting of shareholders (scheduled for September 29, 2026).
• EED Co., Ltd. will be the surviving company in this absorption-type merger, and Sun Smile Co., Ltd. will be dissolved.
• As this is a merger with a wholly-owned subsidiary, there will be no allocation of shares or money.

This merger, involving a wholly-owned subsidiary, may suggest a strategic move by EED to streamline operations and enhance group-wide efficiency. The absence of share allocation due to the complete ownership could simplify the merger process. The company has stated that the impact of this merger on its consolidated financial results for the fiscal year ending June 2027 is expected to be minor.

• G-HANATOUR reported for Q2 FY2026 (January 1, 2026 – June 30, 2026): Net sales of 3,292 million JPY (down 5.1% YoY), Operating profit of 822 million JPY (down 12.8% YoY), Ordinary profit of 774 million JPY (down 14.5% YoY), and Net profit attributable to owners of parent of 721 million JPY (down 11.3% YoY).
• Excluding the impact of the closure of Tmark City Hotel Sapporo (March 15, 2026), net sales decreased by 0.6% YoY and operating profit decreased by 8.6% YoY.
• By segment, the Travel business recorded sales of 1,423 million JPY (down 6.6% YoY) and operating profit of 540 million JPY (down 6.7% YoY). The Bus business had sales of 968 million JPY (down 9.8% YoY) and operating profit of 190 million JPY (down 26.2% YoY). The Hotel business recorded sales of 1,394 million JPY (up 6.4% YoY after Sapporo adjustment) and operating profit of 291 million JPY (up 13.7% YoY after Sapporo adjustment).
• Inbound visitor numbers for January-June 2026 totaled 21.08 million, a 2.0% decrease YoY. The report cited impacts from the Chinese government’s request to refrain from travel to Japan and Middle East tensions.
• The full-year forecast for FY2026 and the year-end dividend forecast (42 JPY/share) remain unchanged. Development of a new system for FIT in the travel business is scheduled for Phase 1 release in October 2026.

The Q2 results show a decline in revenue and profit, primarily influenced by external factors such as China’s travel restrictions and Middle East tensions. However, the Hotel segment’s growth, when adjusted for the Sapporo hotel closure, suggests underlying strength in inbound and domestic demand. The unchanged full-year forecast could indicate the company’s expectation for a recovery in the latter half of the fiscal year.

• Roland resolved on August 21, 2026, to change the breakdown of the source of dividend funds and the scheduled dividend payment commencement date for the second quarter of the fiscal year ending December 2026.
• The dividend source will change from “retained earnings” to “capital surplus.”
• The total dividend amount of ¥2,257 million and the per-share dividend of ¥85.00 remain unchanged.
• The scheduled dividend payment commencement date will shift from September 11, 2026, to September 30, 2026.
• Consequently, parts of the “Consolidated Financial Results for the Second Quarter of the Fiscal Year Ending December 2026 (Japanese GAAP)” announced on August 7, 2026, will be amended.

This announcement primarily impacts the accounting source and payment date of the dividend, not the dividend amount itself. The shift in dividend source from retained earnings to capital surplus could have tax implications for shareholders, which is worth monitoring. The change in the payment commencement date is stated to be due to administrative procedures, and shareholders may wish to review the tax guidance provided with the dividend documents.

• AZ-COM Maruwa Holdings Co., Ltd. announced an update on the reorganization (absorption-type merger) and trade name change of its consolidated subsidiaries.
• Japan Quick Service Co., Ltd., the surviving company in the absorption-type merger, is scheduled to change its trade name to “LinksMile Japan Inc.” on October 1, 2026.
• The location, and the titles and names of the representatives of the post-merger company were determined at today’s Board of Directors meeting.
• The new company’s location is planned to be 1-4-10 Kyobashi, Chuo-ku, Tokyo.
• The new company’s representatives are planned to be Chairman of the Board Tsukio Wasami and President and Representative Director Yasuaki Watanabe.
• The trade name, location, and representatives’ titles and names are conditional upon approval at the extraordinary general meeting of shareholders of the surviving company in September.
• The merger is between consolidated subsidiaries, and its impact on consolidated business performance is stated to be minor.

This IR provides final details on the previously announced reorganization of consolidated subsidiaries by AZ-COM Maruwa Holdings, specifically addressing the previously undecided aspects of the new entity. The finalization of the new company’s location and representatives suggests a concrete progression in the transition to the new organizational structure post-merger. With the impact on consolidated performance deemed minor, investors may be monitoring the long-term implications for operational efficiency and competitiveness that this business reorganization aims to achieve.

• I-Tokyo Infra F (9285) announced its financial results for the fiscal period ended June 2026 (January 1, 2026 to June 30, 2026).
• Operating revenue amounted to ¥1,201 million, a decrease of 5.5% compared to the previous period.
• Operating income was ¥337 million (down 18.6% YoY), ordinary income was ¥234 million (down 24.6% YoY), and net income was ¥233 million (down 20.0% YoY).
• Distribution per unit (including excess distribution) was ¥1,471, with total distributions (including excess distribution) of ¥263 million.
• Total assets stood at ¥25,990 million, net assets at ¥14,563 million, and the equity ratio was 56.0%.

• Wireless Gate disclosed its Q&A document regarding the second-quarter financial results for the fiscal year ending December 2026 on August 21, 2026.
• Revenue for the second quarter increased by 34.2% year-on-year, and operating profit increased by 95.7% year-on-year.
• Key factors for the revenue increase include stable sales growth from Wireless Gate and the consolidation effect of FREEDiVE, which was acquired in the previous fiscal year.
• The operating profit margin improved by 1.0 percentage point from the previous year, reaching 3.2%.
• WiMAX subscription numbers remained flat as of the second quarter; future plans involve utilizing online sales channels and combining services like smartphone insurance, PC insurance, and security services to enhance revenue per customer.
• Yodobashi Camera stores are expanding their product lineup to include non-telecommunication items such as recovery wear and mice, in addition to communication services.
• PMI (Post-Merger Integration) with FREEDiVE is exploring mutual utilization of sales channels, cross-selling using customer bases, and streamlining procurement.
• For the 10-year vision (2033 targets: JPY 20 billion revenue, JPY 2 billion operating profit, ROE 15%+ equity, JPY 30 billion market capitalization), eSIM development is a key growth pillar in Phase 1 (2026-2028), alongside stable growth of existing businesses.

The substantial increases in revenue and operating profit are attributed to stable growth in existing businesses and the consolidation of FREEDiVE, indicating the company’s efforts towards optimizing operations and improving profitability. The strategy to enhance customer profitability through online sales channels and ancillary services, despite flat WiMAX subscriptions, may suggest a shift in the existing business’s revenue model, which warrants observation for future developments. Furthermore, the specific mention of eSIM business development and synergy creation with FREEDiVE for achieving the 10-year vision provides insight into the company’s future growth strategy.

• CEC Co., Ltd. announced on August 21, 2026, an upward revision to its consolidated full-year earnings forecast for the fiscal year ending January 2027.
• The revised full-year revenue is projected at ¥70,500 million (a 3.7% increase from the previous forecast), and operating profit at ¥8,320 million (a 7.4% increase).
• Ordinary profit is revised to ¥8,420 million (a 7.9% increase), and profit attributable to owners of parent to ¥5,900 million (a 5.4% increase).
• Earnings per share are now projected at ¥191.01.
• The reason for the revision is primarily due to strong performance in public sector projects, with amounts to be recorded in the second half of the fiscal year expected to exceed the previous forecast.
• There are no changes to the consolidated second-quarter (interim) earnings forecast for the fiscal year ending January 2027.

This upward revision to the earnings forecast appears to be primarily driven by the strong performance in public sector projects, suggesting a stable revenue base from this segment. The revision encompasses not only revenue but also all stages of profit, which could indicate an improvement in profitability. The fact that there are no changes to the Q2 forecast might suggest that the increased performance is anticipated to materialize mainly in the second half of the fiscal year.

• Oriental Consultants Holdings announced an upward revision to its consolidated earnings forecast for the fiscal year ending September 30, 2026 (October 1, 2025 – September 30, 2026).
• The revised consolidated earnings forecast includes net sales of ¥100,000 million (a 3.1% increase from the previous forecast), operating profit of ¥6,000 million (a 3.4% increase), ordinary profit of ¥5,800 million (a 3.6% increase), and profit attributable to owners of parent of ¥4,000 million (a 3.9% increase).
• The reasons for the revision include a robust order environment in the domestic market, driven by public works under the “Five-Year Acceleration Measures for Disaster Prevention, Mitigation, and National Resilience” through FY2025 and the commencement of the “First Medium-Term Plan for National Resilience” from FY2026. Overseas markets also show strong demand for infrastructure development and additional contracts for large-scale railway projects.
• The dividend forecast for the fiscal year ending September 30, 2026, has also been revised, increasing the year-end dividend by ¥5 to ¥130 per share from the previous forecast of ¥125.
• The company’s basic policy for the dividend payout ratio is approximately 40%.

This upward revision in the earnings forecast suggests that Oriental Consultants Holdings’ business is progressing favorably, supported by expanding infrastructure demand both domestically and internationally. The increased dividend forecast could be seen by investors as a positive signal regarding the company’s commitment to shareholder returns. The sustained national resilience plans in Japan may also indicate a stable foundation for the company’s future business activities.

• IA GROUP announced on August 21, 2026, a partial correction to its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 [Japanese GAAP]”.
• The reason for the correction was an error found in the calculation process of special gains/losses for the FY2027 earnings forecast.
• The corrected consolidated earnings forecast for FY2027 shows that net profit attributable to parent company shareholders has been revised from ¥1,370 million to ¥1,230 million.
• Consequently, earnings per share (EPS) have been revised from ¥941.29 to ¥845.10, and the dividend payout ratio (consolidated) from 17.0% to 18.9%.
• There are no corrections to the sales, operating profit, or ordinary profit figures in the consolidated earnings forecast for FY2027.

This correction stems from an aggregation error in special gains and losses, impacting the net profit forecast for FY2027. Investors may wish to note that the revision to the underlying figures for the earnings forecast could be a point of interest. Specifically, the downward adjustment in net profit attributable to parent shareholders, and the subsequent changes to EPS and the dividend payout ratio, might influence future assessments of the company’s performance.

• Jōjō TPX (1308) released its earnings report for the fiscal year ended July 2026 (July 9, 2025 – July 8, 2026) on August 21, 2026.
• Total net assets for FY2026 amounted to JPY 15,796 million, an increase from JPY 11,127 million in the previous fiscal year.
• Primary invested assets (stocks) for FY2026 were JPY 15,753 million, up from JPY 11,089 million in the prior year.
• The dividend per 1 unit was JPY 80 for FY2026, compared to JPY 70 in the previous fiscal year.
• The number of issued units at the end of the fiscal period was 3,831,660 thousand units, a decrease from 3,850,554 thousand units at the end of the previous fiscal period.

The FY2026 results for Jōjō TPX indicate a significant increase in total net assets and primary invested assets (stocks) compared to the previous year, suggesting a growth in the fund’s overall scale. The rise in dividend per unit from the prior year could also be a point of interest for investors. Despite a decrease in the number of issued units, the overall asset growth is notable.

• Listed Index Fund J-REIT (Tokyo Stock Exchange REIT Index) Bi-Monthly Dividend Payment Type (Code: 1345) announced its earnings report for the fiscal year ended July 2026.
• Total net assets for the fiscal year ended July 2026 (January 9, 2026 – July 8, 2026) amounted to JPY 171,872 million (a 13.0% decrease from the previous period).
• The Net Asset Value per 1 unit for the fiscal year ended July 2026 was JPY 1,851.66 (a 10.3% decrease from the previous period).
• The dividend per 1 unit for the fiscal year ended July 2026 was announced as JPY 13.00 (a 14.9% decrease from the previous period).
• The number of issued units decreased from 95,533 thousand units to 92,820 thousand units during the period.
• The trading unit was changed from 100 units to 1 unit effective April 9, 2026.

The FY2026 July earnings for Listed J-REIT (1345) show a decrease in both net assets and Net Asset Value per unit compared to the previous period. The dividend per unit also saw a decline. It is worth noting that the trading unit was changed from 100 units to 1 unit from April 9, 2026, which may broaden the investor base and improve liquidity. The overall performance of the fund is likely to be significantly influenced by the performance of REITs, which constitute 98.8% of its primary invested assets.

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

• Listed Index Fund Nikkei Leveraged Index (Code: 1358) released its earnings report for the fiscal year ended July 2026 (July 11, 2025 – July 10, 2026) on August 21, 2026.
• Net assets for the fiscal year ended July 2026 reached JPY 11,327 million, an increase from JPY 4,768 million at the end of the previous fiscal year.
• The Net Asset Value per 1 unit was JPY 144,746 at the end of July 2026, up from JPY 51,052 at the end of the previous fiscal year.
• The dividend per 1 unit was announced as JPY 621 for the fiscal year ended July 2026, an increase compared to JPY 219 in the previous fiscal year.
• The number of issued units at the end of the fiscal period was 78 thousand units (July 2026), a decrease from 93 thousand units at the end of the previous fiscal year.

• The earnings report for the “Listed Index Fund US Bond (No Currency Hedge)” (Code: 1486) for the fiscal year ended July 2026 (January 11, 2026 – July 10, 2026) was announced on August 21, 2026.
• Total net assets for the period amounted to JPY 29.364 billion, an increase from JPY 25.701 billion in the previous period (FY ended January 2026).
• Primary invested assets, consisting of investment trust beneficiary securities, stood at JPY 29.346 billion, representing 99.9% of total assets.
• The number of issued units at the end of the current fiscal period was 1,213,000 units, up from 1,057,000 units at the end of the previous period.
• The net asset value per unit was JPY 24,208, and the dividend per unit was JPY 695. The dividend per unit in the previous period was JPY 600.
• The dividend payment commencement date is August 18, 2026.

The latest financial results for the Listed Index Fund US Bond (No Currency Hedge) (1486) indicate growth in both net assets and the number of issued units compared to the previous period, suggesting positive investor interest and capital inflow. The increase in dividend per unit from the prior period could be a notable point for investors. The fund’s operational status and asset composition appear stable, consistent with its objective to track the S&P U.S. Treasury Bond 7-10 Year Index (TTM JPY).

• Zenetec announced the completion of its acquisition of Class Technology Co., Ltd. effective August 21, 2026.
• With this acquisition, Zenetec now holds 7,000,000 shares of Class Technology, representing 100.0% of the voting rights.
• Class Technology’s business includes computer software development and system integration, with sales of 2,248 million yen for the fiscal year ended March 2026.
• New executive appointments for Class Technology, effective August 21, 2026, include Zenetec’s Representative Director and President, Kenji Ueno, as Chairman, and Zenetec’s Director and Executive Vice President, Akihiro Suzuki, as Representative Director and Vice President.
• Other new appointments include Zenetec’s Senior Executive Officer, Masanori Irimura, as Director, and Zenetec’s Standing Audit & Supervisory Committee Member, Masatoshi Hachinohe, as Audit & Supervisory Board Member.

This acquisition could represent a strategic move by Zenetec to strengthen its capabilities in the software development and system integration sectors. Achieving 100% ownership suggests a full integration of Class Technology, potentially aiming for significant business synergies. The appointment of Zenetec executives to key positions at Class Technology may indicate an intent to streamline the integration process and align business strategies.

• XNET Corporation announced on August 21, 2026, resolutions for a “stock split,” “amendment to articles of incorporation,” “revision of dividend forecast,” and “change in shareholder benefit program.”
• The stock split will occur at a ratio of one common share for every two shares, with a record date of September 30, 2026, and an effective date of October 1, 2026.
• Post-split, the total number of outstanding shares will be 16,523,200, and the total number of authorized shares will be 32,953,600. There will be no change in the stated capital.
• The year-end dividend forecast for the fiscal year ending March 2027 has been revised to JPY 17.50 per share due to the stock split, but this is a nominal adjustment based on the split ratio, with no substantial change (equivalent to JPY 35.00 pre-split).
• The shareholder benefit program will change for shareholders listed on the register as of March 31, 2027, from QUO card worth JPY 500 for holding 100 shares or more to QUO card worth JPY 500 for holding 200 shares or more. This is also stated as no substantial change, aligning with the split ratio.

XNET’s announcement suggests an intention to enhance stock liquidity and broaden its investor base by lowering the investment unit per share. The stated “no substantial change” to the dividend forecast and shareholder benefit program indicates a consistent commitment to shareholder returns while adapting to the stock split. These actions could potentially contribute to expanding the company’s long-term investor base.

• R-Excellent has released its financial results briefing material for the 40th fiscal period (June 2026).
• DPU (Distribution Per Unit) for the 40th fiscal period was ¥3,070, surpassing the previous forecast of ¥3,050 by ¥20.
• Operating revenue for the 40th fiscal period was ¥11,604 million, ordinary income was ¥4,400 million, and net income was ¥4,399 million.
• DPU forecasts have been raised to ¥3,100 for the 41st fiscal period (December 2026) and ¥3,130 for the 42nd fiscal period (June 2027).
• Period-end occupancy rate was 98.1% (down 0.2pt from previous period), and unrealized gains stood at ¥83.3 billion (unrealized gain ratio of 29.9%).
• The company announced a policy to replace approximately ¥30.0 billion in properties, focusing on those with low yields and low growth, as part of its portfolio quality improvement strategy.

R-Excellent’s 40th fiscal period results, with DPU exceeding previous forecasts and subsequent DPU guidance raised, may be seen as a positive signal for investors. The focus on sustainable DPU growth through internal growth strategies like rent increases and strategic asset replacement for external growth will be worth monitoring. The commitment to maintaining financial discipline while controlling financing costs and improving capital efficiency could also indicate a stable outlook for the future.

• Tobu Juhan Co., Ltd. announced a partial correction to its “Consolidated Financial Results for the Fiscal Year Ending May 2026 (Non-consolidated),” originally released on July 14, 2026.
• The corrections were identified during the editing process for the company’s 43rd Annual Securities Report.
• Specific areas of correction include the “Summary Information” regarding cash flow status, “1. Overview of Business Results (3) Overview of Cash Flow for the Current Period” in the attached materials, and “3. Financial Statements and Principal Notes (4) Cash Flow Statement.”
• The revised “Cash flow from operating activities” for the fiscal year ended May 2026 changed from △25 million yen to △24 million yen in the summary, while “Cash and cash equivalents at end of period” remained at 806 million yen in the summary (but changed from 806,074 thousand yen to 806,825 thousand yen in the detailed attached materials).
• The “Net increase (decrease) in cash and cash equivalents” in the attached materials was revised from △220,087 thousand yen to △219,336 thousand yen.

These corrections indicate that the company has adjusted some financial figures, primarily related to cash flow, within its previously released financial results. Such revisions, often made during the meticulous preparation of formal annual reports, are common to ensure the highest level of accuracy in financial disclosures. Investors may wish to note the specific line items affected and consider how these amended figures relate to their overall assessment of the company’s financial position.

• abc Co., Ltd. resolved at its Board of Directors meeting on August 21, 2026, to partially amend and continue its shareholder benefit program.
• The amendment involves the discontinuation of the “Meme Coin NFT” previously offered in the shareholder benefit program for the August 2025 fiscal year.
• This change is a part of the company’s review of its business strategy and selection and concentration of management resources, following its withdrawal from the crypto asset dealing business (announced on July 6, 2026) and the sale of its crypto asset holdings (announced on August 12, 2026).
• The “Shareholder Benefit Points” program will continue with the same criteria and content as stated in the “Notice of Partial Amendment to Shareholder Benefit Program due to Stock Consolidation” dated September 20, 2024.
• Shareholders eligible for the August 2026 fiscal year shareholder benefit program (shareholder benefit points) are those holding 100 shares (1 unit) or more as recorded in the shareholder registry as of August 31, 2026.

This adjustment to the shareholder benefit program appears to be directly linked to abc’s broader strategic shift away from its crypto asset dealing business. The discontinuation of Meme Coin NFTs may signal the company’s intent to streamline its operations and focus on core activities. Conversely, the continuation of shareholder benefit points suggests a sustained commitment to shareholder returns and promoting usage of group-operated stores. Investors might consider how these strategic realignments could impact the company’s future business and shareholder value.

• P-Agent’s Board of Directors resolved on August 21, 2026, to absorb its wholly-owned subsidiary, anyenv Corporation, through a merger.
• The merger will be an absorption-type merger, with P-Agent as the surviving company and anyenv Corporation as the absorbed company, effective October 1, 2026.
• The purpose of the merger is to integrate the business promotion, sales, services, and administrative functions of both companies to consolidate management resources, accelerate decision-making, and enhance the efficiency of administrative operations.
• P-Agent plans to hold an extraordinary general meeting of shareholders on September 30, 2026, at 10:30 AM to approve the merger agreement, with September 5, 2026, set as the record date for voting rights.
• As anyenv Corporation is a wholly-owned subsidiary, no shares or other consideration will be exchanged in the merger, and no significant impact on consolidated financial statements is anticipated.

This announcement suggests P-Agent is pursuing internal operational efficiencies and business integration within its group. While the merger of a wholly-owned subsidiary is stated to have no significant impact on consolidated earnings, there may be accounting implications for P-Agent’s individual financial statements. Investors may wish to monitor how this consolidation of management resources and expedited decision-making could contribute to the company’s future business strategies and potential synergistic effects.

• JAC Recruitment Co., Ltd. announced record-high consolidated results for 1H FY2026, with revenue of 25,812 million yen (up 11.0% YoY) and pre-tax interim net profit of 7,140 million yen (up 14.3% YoY).
• The company stated that the half-year achievements against initial forecasts were 95.6% for revenue and 97.8% for pre-tax interim net profit, attributed to the impact of an uncertain business environment, including the outbreak of war in the Middle East.
• As part of its capital policy, JAC decided to acquire 3 million shares of treasury stock, expecting the total shareholder return ratio for FY2026 to exceed 100%.
• Any treasury stock exceeding the amount anticipated for future stock-based compensation, including the newly acquired shares, is scheduled for cancellation at the end of December.
• The domestic recruitment business reported revenue of 23,367 million yen (up 10.5% YoY) and profit of 6,910 million yen (up 13.4% YoY), accounting for 90% of consolidated revenue and 97% of consolidated profit.

The report indicates that while JAC achieved record-high profits, it fell slightly short of its initial plan, partly due to geopolitical risks. The significant share buyback decision and high total shareholder return ratio could suggest a strong commitment to shareholder value. Investors may monitor how the company’s core domestic recruitment business continues its growth trajectory and how its stated business strategies contribute to further profitability improvements.

• Operating profit for the 64th second quarter decreased compared to the first quarter, which typically sees higher profits due to projects completing in January-March; this seasonal trend is consistent with previous years and within expectations.
• The company’s basic policy for the dividend payout ratio is “30% or more,” with no current plans to change this policy. The forecast for the current term’s payout ratio is 42.7%.
• Orders for construction management services are progressing steadily, despite the previous year having many multi-year large-scale CM contracts, indicating it as a growing sector.
• While public works budgets increased, the number of orders for construction consultants is declining due to rising material costs and engineer unit prices, intensifying competition for orders.
• Private sector orders reached a historical high, primarily driven by large-scale transportation-related projects and environmental assessment services for offshore wind power generation.
• DX and production system reforms involve expanding internal use of generative AI, developing and deploying AI agents for specialized fields, and developing/deploying software utilizing advanced AI and 3D data.
• In overseas construction consulting, Waterman (UK) anticipates steady orders in the second half due to the resumption of public works, while Construction Giken International experienced a decrease in orders due to project delays but expects to meet its order targets.

• P-JREX announced its non-consolidated financial results for the fiscal year ended June 2026, with net sales of ¥19,097 million (up 3.1% YoY), operating profit of ¥2,417 million (up 24.1% YoY), ordinary profit of ¥2,369 million (up 13.7% YoY), and net profit of ¥1,511 million (up 14.7% YoY).
• By segment, the Real Estate Development business reported net sales of ¥17,200 million (up 2.5% YoY) and segment profit of ¥3,389 million (up 54.1% YoY). The Real Estate Related Services business recorded net sales of ¥1,897 million (up 8.6% YoY) and segment profit of ¥1,035 million (up 22.4% YoY).
• Diluted earnings per share for the fiscal year ended June 2026 were ¥470.32, and the equity ratio was 37.8%.
• The year-end dividend for FY2026 is ¥39.00 per share (compared to ¥38.50 in the previous fiscal year), and the projected annual dividend for FY2027 is ¥39.50 per share.
• For the fiscal year ending June 2027, the company forecasts net sales of ¥19,307 million (up 1.1% YoY), operating profit of ¥2,419 million (up 0.1% YoY), ordinary profit of ¥2,374 million (up 0.2% YoY), and net profit of ¥1,534 million (up 1.5% YoY).

P-JREX’s fiscal year 2026 results demonstrate robust performance with increased sales and profits across the board, driven by strong growth in both real estate development and related services segments. The significant rise in operating profit may suggest operational efficiencies and a favorable market environment. The positive forecast for FY22027 indicates a continued growth trajectory, which could be an important factor for investors to monitor.

• Precision System Science Co., Ltd. (G-PSS, stock code: 7707) held its financial results briefing for the fiscal year ended June 2026 on Friday, August 21, 2026.
• The briefing was conducted online via video streaming, starting at 4:30 PM JST, for institutional investors.
• According to the attached financial results presentation materials, the company reported a return to operating profit in the fiscal year ended June 2026, marking the first time in four years since the fiscal year ended June 2022.
• The materials covered consolidated results for FY2026, consolidated earnings forecasts for FY2027, and progress on key businesses including the PSS platform and new ODM product development.

G-PSS’s announcement of returning to operating profit for the first time in four years may suggest a significant positive shift in its financial performance. The detailed presentation for institutional investors, covering business outlook and strategic progress, could draw increased market interest. Investors may find it particularly relevant to monitor the continued advancements in the PSS platform and new ODM product development as potential drivers for future growth.