Japan Stock IR Daily – September 08, 2026 (20 reports)

• Nissay ETF S&P500 Equal Weight (No FX Hedge) (Code: 426A) announced its financial results for the 2026 July period (January 28, 2026 – July 27, 2026).
• Total net assets at the end of the current period were ¥6,731 million. Net assets at the end of the previous period (January 2026) were ¥5,620 million.
• The number of outstanding units at the end of the current period was 5,390 thousand units. The number of outstanding units at the end of the previous period was 5,140 thousand units.
• The net asset value (NAV) per 100 units was ¥124,887. The NAV per 100 units for the previous period (January 2026) was ¥109,351.
• The distribution per 100 units was ¥700. The distribution for the previous period (January 2026) was ¥300.

The financial results for Nissay ETF S&P500 Equal Weight (No FX Hedge) for the July 2026 period show an increase in net assets and NAV, alongside a higher distribution compared to the previous period. This development may suggest an improvement in the fund’s overall asset value during the operational period. Investors in ETFs may evaluate these figures to assess the fund’s performance and distribution history.

• G-ExaWizards Inc. resolved at its Board of Directors meeting on September 8, 2026, to acquire all shares of ele&company Co., Ltd., making it a wholly-owned subsidiary.
• The acquisition price is ¥700 million for ordinary shares of ele&company, with total costs amounting to ¥704 million including advisory fees.
• ele&company, established on April 8, 2024, operates in consulting, paid placement, and temporary staffing businesses.
• ele&company’s recent financial performance (H1 FY2026) includes net sales of ¥395,867,137, operating income of ¥55,288,410, and net income of ¥35,547,636.
• ele&company’s financial results are expected to be reflected in G-ExaWizards’ consolidated financial statements starting from the third quarter of the fiscal year ending March 2027.

This acquisition suggests a strategic move by G-ExaWizards to bolster its field-based consulting capabilities alongside its AI product and service offerings, aiming for a more comprehensive approach to client problem-solving. The integration of ele&company’s consulting talent and sales expertise could accelerate market penetration and expand into new client segments, potentially driving mid-to-long-term business growth. Additionally, the initiative to enhance recruitment competitiveness through an “AI x Consulting” approach and improve talent retention within the group points to a focus on strengthening human capital, which is worth monitoring for its long-term impact.

• Will Co., Ltd. announced record-high performance for the 2026/12 interim period (January 1, 2026 – June 30, 2026), with net sales of 9,020 million JPY (up 39.1% YoY), operating profit of 997 million JPY (up 79.9% YoY), ordinary profit of 910 million JPY (up 84.1% YoY), and net profit attributable to parent company shareholders of 611 million JPY (up 83.7% YoY).
• The Development and Sales Business saw robust progress in the handover of its own condominium properties, reporting net sales of 5,504 million JPY (up 61.2% YoY) and operating profit of 332 million JPY (up 122.8% YoY).
• In the Brokerage Business, the opening of the Myogadani sales office in March 2026 brought the total to 25 branches, leading to an increase in transactions of used homes. The “Used x Renovation x FP” service significantly grew, resulting in net sales of 2,208 million JPY (up 21.2% YoY) and operating profit of 715 million JPY (up 50.5% YoY).
• The Renovation Business recorded a 9.6% increase YoY in “used x renovation” contract orders and a 12.7% increase YoY in handover units. Order backlog reached 1,097 million JPY (up 51.0% YoY).
• The full-year consolidated earnings forecast for the fiscal year ending December 2026 and the dividend forecast (23.50 JPY per share) remain unchanged, based on a conservative assessment of the business environment.

Will’s interim results for the fiscal year ending December 2026 indicate robust performance, with record-high sales and profits driven by strong progress in its core businesses. The significant growth in the development and sales, and brokerage segments, particularly with the increase in transaction volume and unit prices, appears to have been a key factor in overall performance. Furthermore, the success of the “used x renovation” strategy in the brokerage business suggests a focus on higher-margin business models, which could be a point of interest for future assessments of the company’s strategic direction.

• Hove Co., Ltd. announced a partial correction to its “Financial Results for the Fiscal Year Ending June 2026 (Japanese GAAP) (Consolidated)” on September 8, 2026.
• The reason for the correction was an error found in the “Capital (Reference)” figure stated in the summary information section “1. Consolidated Operating Results for the Fiscal Year Ended June 2026 (2) Consolidated Financial Position” of the original financial results announced on August 7, 2026.
• The specific point of correction is the “Capital (Reference)” figure for the fiscal year ended June 2026.
• The “Capital (Reference)” for the fiscal year ended June 2026 was originally reported as 691 million yen.
• The corrected “Capital (Reference)” for the fiscal year ended June 2026 is 690 million yen.
• The “Capital (Reference)” for the fiscal year ended June 2025 (756 million yen) and other consolidated financial position figures (Total assets 1,097 million yen, Net assets 690 million yen, Equity ratio 62.9%, Net assets per share 906.11 yen) remain unchanged.

This correction involves a minor numerical adjustment to the “Capital (Reference)” within the summary information of the financial results, and does not appear to affect the core consolidated financial statement figures themselves. However, any revision to previously disclosed information can highlight the importance of accuracy for investors. Therefore, reviewing the specific details of the corrected information is considered prudent for investors.

• Star Seeds announced on September 8, 2026, a revision (upward) to its full-year consolidated earnings forecast for the fiscal year ending February 2027, following a board meeting.
• Consolidated net sales are revised from ¥30.0 billion to ¥35.0 billion, operating profit from ¥1.45 billion to ¥1.6 billion, ordinary profit from ¥1.1 billion to ¥1.25 billion, and profit attributable to owners of parent from ¥600 million to ¥680 million.
• The revision in the grid-scale battery storage business is attributed to the smooth progress of the business plan, including the acquisition of real estate for sale (land and facilities for grid-scale battery storage) and electricity connection rights, as announced on June 25, 2026.
• In the GPU server and related businesses, sales from orders not meeting disclosure standards have exceeded initial expectations. Additionally, recent inquiries and the expanding demand in the GPU server and AI infrastructure market are expected to lead to full-year orders and sales surpassing previous forecasts.
• Diluted earnings per share (EPS) are revised from ¥69.52 to ¥73.25, reflecting the increase in the total number of outstanding shares due to the exercise of the 8th to 10th series of share options (fixed exercise price type) up to September 7, 2026.

The upward revision of Star Seeds’ earnings forecast is primarily driven by strong performance in its grid-scale battery storage and GPU server businesses. The expanding demand in the GPU server and AI infrastructure market, specifically, could be a significant factor for future growth, warranting investor attention. The sustained momentum in these key segments will likely be a focal point for assessing the company’s overall financial health.

• Miraial’s consolidated financial results for the second quarter (interim period) of the fiscal year ending January 2027 reported net sales of JPY 7,983 million, a 25.9% increase year-on-year.
• Operating profit reached JPY 559 million (up 67.3% YoY), ordinary profit JPY 560 million (up 54.9% YoY), and net income attributable to owners of parent JPY 431 million (up 52.0% YoY).
• The company acquired shares of Funatani Marine Instrument Co., Ltd. on April 30, 2026, adding three new companies (Funatani Marine Instrument Co., Ltd., Funatani Instrument Manufacturing Co., Ltd., and Osaka Funatani Seiki Co., Ltd.) to its consolidated scope.
• As a result of the consolidation of the Funatani Marine Instrument Group, total assets at the end of the interim period increased by JPY 4,660 million from the previous fiscal year-end to JPY 31,489 million, and liabilities increased by JPY 5,182 million to JPY 9,022 million.
• The full-year consolidated earnings forecast for the fiscal year ending January 2027 is currently undetermined due to difficulties in making a reasonable forecast.

The significant year-over-year increases across all key financial indicators, particularly the 52.0% rise in net income attributable to owners of parent, are notable in these results. The integration of the newly consolidated Funatani Marine Instrument Group may suggest a strategic expansion, and its future contribution to earnings could be a point of interest for investors. The indeterminate full-year forecast indicates that market participants may be awaiting further clarification on the company’s outlook.

• Stream Co., Ltd. announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending January 2027.
• Net sales for the interim period amounted to ¥16,922 million, representing a 3.9% increase compared to the previous interim period.
• Operating profit reached ¥169 million (up 146.0% YoY), and ordinary profit was ¥167 million (up 150.4% YoY).
• Net profit attributable to owners of the parent company turned positive at ¥99 million, from a loss of ¥6 million in the previous interim period.
• Interim net income per share was ¥3.60.
• The full-year consolidated earnings forecast remains unchanged: net sales of ¥33,881 million, operating profit of ¥294 million, ordinary profit of ¥287 million, and net profit attributable to owners of the parent company of ¥192 million.

Stream’s Q2 FY2027 results highlight a solid increase in net sales and a significant surge in operating profit year-on-year. This performance may be attributed to successful promotional strategies, expanded product offerings, and initiatives promoting energy-efficient appliances within its e-commerce business. The return to profitability for interim net income could suggest an improvement in the company’s earnings structure, making its future performance worth monitoring.

• G-Green Energy Co., Ltd. announced on September 8, 2026, a revision (upward) to its consolidated earnings forecast for the second quarter (interim) and full fiscal year ending April 2027.
• For the second quarter of FY2027 (interim), the consolidated operating profit forecast was revised from 600 million yen to 800 million yen (an increase of 33.3%), ordinary profit from 530 million yen to 710 million yen (an increase of 34.0%), and net profit attributable to parent company shareholders from 310 million yen to 440 million yen (an increase of 41.9%). Revenue remained unchanged at 10,000 million yen.
• For the full fiscal year ending April 2027, the consolidated operating profit forecast was revised from 1,450 million yen to 1,740 million yen (an increase of 20.0%), ordinary profit from 1,300 million yen to 1,550 million yen (an increase of 19.2%), and net profit attributable to parent company shareholders from 800 million yen to 960 million yen (an increase of 20.0%). Revenue remained unchanged at 21,500 million yen.
• The primary reasons for the revision include improved gross profit margin due to optimized procurement structure and efficient construction processes in the grid-scale battery storage business, a growth area, and reduced selling, general and administrative expenses through DX promotion and operational process reviews.

This upward revision to the earnings forecast, while maintaining the revenue projection, suggests a significant improvement in profitability. The company’s focus on both enhancing the gross profit margin and controlling SG&A expenses appears to be effectively contributing to its financial performance. This could indicate that the company’s strategy of concentrating management resources on growth areas is translating into concrete profit gains.

• ASUKANET (2438) has announced its consolidated financial results for the first quarter of the fiscal year ending April 2027 (May 1, 2026 – July 31, 2026).
• Net sales for Q1 FY2027 were ¥1,726 million, marking a 4.8% increase compared to the same period of the previous fiscal year.
• The company reported an operating loss of ¥(65) million (compared to ¥(17) million in the prior year’s Q1), an ordinary loss of ¥(62) million (compared to ¥(1) million), and a net loss attributable to owners of the parent of ¥(46) million (compared to ¥(6) million).
• By segment, Funeral Business sales were ¥764,379 thousand (100.5% year-on-year), with segment profit of ¥55,730 thousand (56.0%). Photobook Business sales were ¥863,110 thousand (107.5%), with segment profit of ¥111,761 thousand (79.7%). Aerial Display Business sales were ¥101,075 thousand (118.6%).
• The full-year consolidated earnings forecast for FY2027 remains unchanged, projecting net sales of ¥7,860 million (up 10.7% year-on-year), operating profit of ¥460 million (up 17.4%), ordinary profit of ¥475 million (up 10.8%), and net profit attributable to owners of the parent of ¥315 million (up 7.6%).

While sales increased year-over-year, the widening losses in operating, ordinary, and net profit suggest ongoing challenges in profitability. The decline in segment profits for both the Funeral and Photobook businesses, despite sales growth in the latter, could be a key area for investors to monitor. The unchanged full-year forecast may indicate management’s expectation of recovery in the subsequent quarters, and the progress of strategies to improve profitability would be worth observing.

• Kawasaki Co., Ltd. (Code: 3045) announced on September 8, 2026, the finalized financial results for the fiscal year ended June 2026 (July 2025 – June 2026) of its non-listed parent company, KWS Co., Ltd.
• KWS Co., Ltd. has a capital of ¥3 million, focuses on asset management, and holds 40.38% of Kawasaki Co., Ltd.’s voting rights as of June 30, 2026.
• Mr. Osamu Kawasaki serves as the Representative Director and President of KWS Co., Ltd., having resigned as Representative Director and President of Kawasaki Co., Ltd. in June 2021 to assume the role of Chairman.
• For the fiscal year ended June 2026, KWS Co., Ltd. reported total net sales of ¥407,553,436, operating profit of ¥10,263,050, ordinary profit of ¥4,002,121, and net profit of ¥3,932,121.
• As of June 30, 2026, KWS Co., Ltd.’s total assets stood at ¥2,246,473,289, total liabilities at ¥1,728,589,168, and total net assets at ¥517,884,121.

This IR disclosure provides insight into the financial results of KWS Co., Ltd., the non-listed parent company of the publicly traded Kawasaki Co., Ltd. The financial health of a parent company can indirectly influence the business strategies and capital policies of its listed subsidiary, making this information relevant for investors. The voting rights ownership and overlapping executive positions are key details for understanding the relationship between the two entities.

• CellSource Inc. announced its financial results for the third quarter of the fiscal year ending October 2026 (November 1, 2025 to July 31, 2026).
• For the cumulative third quarter period, non-consolidated results were: Net Sales ¥2,557 million, Operating Profit ¥179 million, Ordinary Profit ¥174 million, and Quarterly Net Profit ¥174 million.
• From this third quarter, the company transitioned to non-consolidated financial reporting due to the absorption-type merger of its consolidated subsidiary, Hybrid Medical Co., Ltd. Consequently, year-on-year growth rates are not provided.
• The full-year forecast for the fiscal year ending October 2026 has been revised to: Net Sales ¥3,367 million, Operating Profit ¥82 million, Ordinary Profit ¥76 million, and Net Loss ¥124 million.
• The number of affiliated medical institutions for processing consignment services or medical institution support services increased to 2,218 at the end of the period, but the total number of processing consignment cases (blood-derived and fat-derived stem cells) decreased to 15,258 from 15,881 in the prior year period.

CellSource’s Q3 results are notable for the transition to non-consolidated reporting following a subsidiary merger. While the company has continued cost reductions and business focus, with an improved operating profit margin quarter-on-quarter, the downward revision of the full-year net profit forecast to a loss could be a key point of attention for investors regarding future profitability. Additionally, despite an increase in affiliated medical institutions, a decline in processing consignment cases may suggest a shift in the revenue mix, making continuous monitoring of service-specific sales trends important.

• SATO Corporation announced that its Board of Directors resolved on September 8, 2026, to absorb its wholly-owned consolidated subsidiary, SATO Material Co., Ltd., effective April 1, 2027.
• The merger agreement is scheduled to be concluded on October 1, 2026.
• SATO will be the surviving company in this absorption-type merger, and SATO Material will cease to exist as of the effective date.
• This merger qualifies as a simplified merger for SATO and a short-form merger for SATO Material, thus no shareholder approval meeting is required for either company.
• The purpose of the merger is to enhance the overall corporate value of the SATO Group by consolidating management resources, expediting decision-making, improving operational efficiency, and strengthening the management structure.

This absorption merger can be viewed as an internal restructuring within the SATO Group. As a merger with a wholly-owned subsidiary, it may lead to more efficient utilization of management resources and maximized intra-group synergies. The streamlining of decision-making processes could also potentially enhance the company’s responsiveness to market changes.

• Kin-ei Co., Ltd. announced its financial results for the second quarter of the fiscal year ending January 2027.
• Net sales for the interim period were ¥1,805 million, marking a 3.8% decrease compared to the same period in the previous year.
• Operating profit stood at ¥124 million (down 30.2% YoY), ordinary profit at ¥132 million (down 26.7% YoY), and interim net profit at ¥82 million (down 35.6% YoY).
• The Cinema & Amusement business segment reported an operating profit of ¥103 million, impacted by the reaction to major hit films in the previous fiscal year.
• The Real Estate business segment recorded an operating profit of ¥204 million, affected by the departure of a large tenant from the Kin-ei Apollo Building.
• The full-year forecast for the fiscal year ending January 2027 remains unchanged from the most recent projection, with net sales expected to be ¥3,770 million (down 0.0% YoY) and net income ¥180 million (down 10.1% YoY).

Kin-ei’s Q2 FY2027 results show a decrease in sales and various profit metrics compared to the prior year. This appears to be attributed to the reaction to blockbuster films in the previous year for the cinema segment and the exit of a major tenant for the real estate segment. As the full-year forecast remains unchanged, investor attention may focus on the company’s performance in the second half of the fiscal year.

• NADEX Corporation announced its consolidated financial results for the first quarter of fiscal year 2027 (May 1, 2026, to July 31, 2026).
• Net sales reached ¥9,572 million, marking a 23.4% increase compared to the same period last year.
• Operating income was ¥95 million (compared to an operating loss of ¥82 million in the prior year’s Q1), ordinary income was ¥219 million (compared to an ordinary loss of ¥11 million), and net income attributable to owners of parent was ¥12 million (compared to a loss of ¥129 million).
• Regionally, North America sales were ¥2,503 million (up 215.2% YoY), and Southeast Asia sales were ¥1,268 million (up 89.1% YoY).
• The full-year consolidated earnings forecast and annual dividend forecast for FY2027 remain unchanged from the announcement on June 11, 2026.

NADEX’s Q1 FY2027 results indicate a strong start to the fiscal year, with significant top-line growth and a return to profitability across key metrics. The substantial sales increases in North America, driven by EV charging station construction, and Southeast Asia, due to a large-scale equipment delivery, appear to be key drivers. The unchanged full-year outlook may suggest that the company is on track with its initial projections, which investors will likely monitor for future quarters.

• Japan Graphic Arts Holdings, Inc. announced that its consolidated subsidiary, Iijima Seihon Co., Ltd., will absorb its subsidiary, Wakita Kouki Seihon Co., Ltd.
• The effective date of the merger is scheduled for November 1, 2026. Iijima Seihon will be the surviving company, and Wakita Kouki Seihon will be dissolved.
• Wakita Kouki Seihon, which was designated as a specific subsidiary, will cease to exist as a result of this merger.
• The merger’s purpose is to unify management resources and consolidate the management structure to integrate business operations. This specifically aims to accelerate management decision-making, efficiently utilize management resources, and enable agile and efficient service provision and development by sharing infrastructure and expertise in the Chubu region’s bookbinding business within the group’s printing-related operations.
• Following the merger, Mr. Mineki Wakita, formerly President of Wakita Kouki Seihon, will assume the position of Representative Director of Iijima Seihon.

This merger appears to be a strategic move by Japan Graphic Arts Holdings to enhance efficiency and strengthen competitiveness within its bookbinding operations in the Chubu region. By optimizing management resources and accelerating decision-making through this intra-group consolidation, the company may aim to further improve corporate value. The synergistic effects of this organizational restructuring on future performance will be worth monitoring.

• TV Tokyo Holdings Inc. announced the interim financial results for Nikkei Inc., its “other affiliate,” on September 8, 2026.
• Nikkei Inc.’s consolidated net sales for the interim period of the fiscal year ending December 2026 were ¥195,524 million, representing a 4.3% increase compared to the previous corresponding period.
• Consolidated operating profit for the same period was ¥5,970 million (0.1% decrease), and consolidated ordinary profit was ¥7,724 million (17.6% increase).
• Net profit attributable to owners of the parent company for the interim period amounted to ¥4,793 million, a decrease of 7.6% year-on-year.
• Nikkei Inc. is the largest shareholder of TV Tokyo Holdings, holding 33.11% of its voting rights as of March 31, 2026.

The disclosure of Nikkei Inc.’s interim financial results provides key insights into the performance of a significant affiliate for TV Tokyo Holdings, which is Nikkei’s largest shareholder. The reported increase in revenue and double-digit growth in ordinary profit for Nikkei Inc. may suggest operational strengths, while the decline in net profit attributable to parents, attributed to higher tax expenses, could indicate factors affecting the bottom line. Investors may find it beneficial to monitor the implications of this relationship for TV Tokyo Holdings’ strategic direction and financial stability.

• Subaru Kogyo Co., Ltd. announced its consolidated financial results for the second quarter of the fiscal year ending January 2027.
• For the interim period, net sales were ¥15,163 million, marking a 3.5% increase year-over-year.
• Operating profit decreased by 11.5% to ¥2,459 million, ordinary profit fell by 11.9% to ¥2,500 million, and net income attributable to owners of the parent decreased by 11.1% to ¥1,699 million.
• Diluted earnings per share for the interim period was ¥131.70, compared to ¥148.25 in the prior year’s interim period.
• The full-year consolidated earnings forecast and dividend forecast (interim ¥40, year-end ¥40, total annual ¥80) remain unchanged from previously announced figures.
• By segment, Road-related business saw sales of ¥13,905 million (up 2.8% YoY) but a segment profit of ¥2,507 million (down 11.1% YoY). Leisure business reported sales of ¥713 million (up 16.7% YoY) and segment profit of ¥47 million (up 77.4% YoY). Real Estate business achieved sales of ¥545 million (up 5.1% YoY) and segment profit of ¥391 million (up 10.1% YoY).

Subaru Kogyo’s Q2 FY2027 results show an increase in net sales, yet a decline in operating, ordinary, and net profits compared to the prior year. This trend may suggest impacts from factors such as the lapse of price slide portions and rising labor and material costs within its road-related business. Conversely, the Leisure and Real Estate segments reported both increased sales and profits, potentially indicating the benefit of the company’s diversified business portfolio. The unchanged full-year forecast could imply management’s expectation for profit recovery in the second half of the fiscal year, which investors may wish to monitor.

• Taiyo Bussan announced on September 8, 2026, the dissolution of its business alliance agreement with Prime Japan Co., Ltd.
• The alliance, formed on August 16, 2022, aimed to promote a new environmental business focused on renewable energy generation and sales.
• The reason for the dissolution is the difficulty in securing suitable land for renewable energy power generation, with no clear prospect for future acquisition, leading to a temporary suspension of activities in this area.
• The decision to dissolve the alliance was made at the Board of Directors meeting on September 8, 2026, and an agreement with Prime Japan Co., Ltd. was reached on the same date.
• Taiyo Bussan stated that this matter will have no impact on its financial results for the fiscal year ending September 2026.

Taiyo Bussan’s decision to dissolve its alliance with Prime Japan, a key partner for its renewable energy venture, may suggest a reevaluation of its new business strategy. The challenges in land acquisition highlight potential hurdles in the renewable energy sector, indicating that any future re-entry into this field may require significant time and a revised approach. Investors may want to monitor how this development influences the company’s long-term business portfolio.

• Ateam Holdings reported consolidated financial results for the full year ended July 2026: Revenue ¥22,997 million (96.2% YoY), Adjusted EBITDA ¥1,100 million (64.0% YoY), Ordinary Income ¥584 million (36.8% YoY), and Net Income attributable to owners of parent ¥359 million (34.7% YoY).
• The significant decrease in ordinary income was primarily attributed to cryptocurrency price fluctuations, specifically a drop in Bitcoin’s price from approximately ¥17 million to ¥9 million between July 2025 and July 2026, leading to the recording of cryptocurrency valuation losses as non-operating expenses.
• By segment, the Digital Marketing business saw decreased revenue and profit, despite support from strong D2C performance. The Entertainment business experienced declining revenue due to the downtrend of existing titles but maintained profitability through operational efficiencies.
• Under its Mid-term Management Plan (FY2028 targets: Revenue ¥34 billion, Adjusted EBITDA ¥4 billion, Operating Income ¥2 billion), the company has invested ¥3.3 billion in 5 M&A deals to date and plans an additional ¥6.7 billion investment over the next two years.
• Initiatives to reduce risk and volatility include shifting the Entertainment business towards a lower-risk, middle-return collaborative model, and managing advertising investments in the D2C business, primarily based on recurring and subscription models.

Ateam HD’s FY2026 results highlight the significant impact of cryptocurrency price volatility on its ordinary income. The continued pursuit of its M&A strategy, along with the establishment of an M&A Promotion Office and Investment Committee, suggests a strong commitment to future growth, which could be a key focus for investors. Additionally, the reevaluation of operating policies in high-risk business areas indicates a strategic move towards building a more stable earnings base.

• Albis Co., Ltd. has revised its dividend forecast for the fiscal year ending March 2027 to zero yen for both interim and year-end dividends (totaling zero yen).
• This revision is conditional upon the successful completion of the tender offer by Life Corporation.
• The shareholder benefits program with a record date of September 30, 2026, will not be implemented.
• Conditional on the tender offer’s success, the shareholder benefits program will be abolished for the fiscal year ending March 2027 and subsequent periods.
• The last shareholder benefit will be for shareholders with a record date of March 31, 2026.
• This decision is based on the tender offer price being determined assuming no interim or year-end dividends would be paid.

This announcement is directly linked to the tender offer for Albis shares by Life Corporation, indicating corporate actions contingent on the successful acquisition. Investors should note that, if the tender offer is completed, they will no longer receive returns through dividends or shareholder benefits. A comprehensive understanding of the tender offer’s details and conditions is crucial for future investment decisions.