Japan Stock IR Daily – September 15, 2026 (26 reports)

• G-NATTY HD issued a supplementary explanation regarding its shareholder benefit program, following inquiries received after the previous announcement on September 14, 2026, concerning the expansion of the program.
• For the shareholder benefit program with a record date of July 31, 2026, the traditional shareholder benefit program will be applied.
• Shareholders as of July 31, 2026, will receive the traditional 10,000 yen electronic ticket, along with a special “shareholder-exclusive drink ticket” commemorating the 15th anniversary of “Nikujiru Gyoza no Dandadan.”
• The expanded shareholder benefit program will be applicable to shareholders listed or recorded in the shareholder register as of January 31, 2027.
• The purpose of this supplementary explanation is to clarify any ambiguities regarding the application timing and the treatment of the July-end record date benefits that arose from the previous disclosure.

This supplementary explanation appears to aim at addressing shareholder concerns regarding the effective dates and the status of existing benefits following the initial announcement of changes to the shareholder benefit program. The clarification that the July 31, 2026, record date will still be subject to the traditional program, with an additional commemorative ticket, may be viewed positively by investors in the short term. Furthermore, the explicit statement that the expanded program will commence from January 31, 2027, provides a clear timeline for the upcoming changes, which could offer greater transparency for shareholders.

• The summary of the Q&A session for the Q1 FY2027 consolidated financial results briefing was released on September 15, 2026.
• No significant impact from the Middle East situation was observed in Q1, nor is a major impact anticipated for domestic operations.
• Overseas operations experienced revenue and profit declines primarily due to sluggish performance in China, Thailand, and North America (especially in consulting).
• Organic growth rate, excluding Digital Holdings and the impact of foreign exchange and BPO, was slightly less than 3% for net sales and slightly less than 4% for gross profit.
• Progress is being made on the PMI project with Digital Holdings, with initial successes in financial sector collaboration between Opt and Daiko/Yomiko Advertising, and D2C collaboration between Opt and Daiko.

Hakuhodo DY Holdings’ latest IR information indicates a robust domestic market, while some international regions face revenue and profit declines. The challenges in North American consulting, influenced by evolving AI needs, may be a key area for investors to monitor. The strong emphasis on synergistic growth with Digital Holdings could be a strategic cornerstone for future expansion, and its progress will likely be a focus for stakeholders.

• Gurunavi announced a summary of key Q&A sessions regarding its Q1 FY2027 financial results with institutional investors and analysts.
• The company plans to hire over 50 sales personnel, with Field Sales (FS) recruitment completed by Q1 end, and Inside Sales (IS) expected to be completed by the first half of the fiscal year.
• Q1 operating loss was smaller than initially anticipated, mainly due to the delayed onboarding of new hires and cautious recruitment in non-sales areas.
• The full-year and first-half operating loss forecasts remain unchanged, as the company intends to continue flexible investments towards achieving its Mid-Term Management Plan, despite temporary fluctuations in personnel-related expenses.
• Regarding collaboration with Rakuten, Gurunavi is pursuing multifaceted discussions beyond traditional media ties, focusing on payment solutions to enhance merchant value and address restaurant challenges.
• The newly launched “Citation Management Product in collaboration with Uberall” is considered essential for AI search compatibility, and the number of adopting restaurants is increasing.
• The Mid-Term Management Plan 2028 prioritizes boosting sales and profit growth from FY2027 and achieving an operating profit of 1.3 billion yen in FY2028, with the current fiscal year positioned as a period of concentrated recruitment investment.

The smaller-than-expected Q1 operating loss appears to be influenced by delays in some hiring plans. However, the company maintains its investment strategy to achieve its mid-term management goals, suggesting that future growth in new customer acquisitions and merchant numbers will be a key area to monitor. The progress in collaborations with Rakuten and new service offerings could potentially contribute to strengthening long-term revenue streams through supporting the digitalization of the restaurant industry.

• First Corporation Co., Ltd. resolved to expand its shareholder benefits program at a Board of Directors meeting held on September 15, 2026.
• The expansion aims to further broaden the investor base and improve stock liquidity by introducing and enhancing a new benefit category for smaller investment units (100 shares or more) without a continuous holding period condition.
• The revised program introduces a new benefit of a 1,000 yen QUO Card for shareholders holding “100 shares to less than 500 shares” for “less than one year of continuous holding.”
• Eligible shareholders are those recorded in the company’s shareholder registry as of November 30th (record date) each year, holding one unit (100 shares) or more of the company’s stock.
• This change will apply to shareholders recorded as of the end of November 2026, with the delivery of the shareholder benefit (QUO Card) scheduled for late February 2027.

The expansion of FirstCorp’s shareholder benefit program, particularly by extending eligibility to holders of 100 shares and removing the continuous holding period requirement for this new category, could be seen as a strategic move to attract a broader base of individual investors. This initiative may enhance the appeal of the company’s shares to smaller investors and potentially improve stock liquidity. The timing of this expansion, against the backdrop of growing individual investor participation, might be interpreted as an effort to cultivate a more diverse and long-term shareholder base.

• Loginet Japan Co., Ltd. resolved to conduct a stock split, revise its dividend forecast, and amend its shareholder benefit program at a Board of Directors meeting held on September 15, 2026.
• The stock split will be conducted at a ratio of 4 shares for every 1 share of common stock, with September 30, 2026, as the record date. The effective date is October 1, 2026.
• Consequently, the total number of issued shares will increase from 5,000,000 to 20,000,000, and the total number of authorized shares will change to 22,000,000.
• The year-end dividend forecast for the fiscal year ending March 2027 has been revised due to the stock split, but there is no substantial change in the amount per pre-split share. The Q2-end dividend (record date Sep 30, 2026) will be paid based on the pre-split number of shares.
• The shareholder benefit program has also been adjusted in line with the stock split ratio, with no effective change in benefits.

Stock splits are often implemented to lower the per-share price, potentially making the stock more accessible to a broader range of investors and increasing trading liquidity. The effective maintenance of dividend per pre-split share and shareholder benefits suggests a consistent approach to shareholder returns. This move could be seen as an effort to enhance market accessibility and investor engagement without altering the underlying value proposition.

• Fujita Engineering Co., Ltd. has resolved to implement a special shareholder benefit to commemorate its 100th anniversary since foundation and 30th anniversary since listing, as decided at an extraordinary board meeting held today.
• Eligible shareholders are those recorded in the company’s shareholder register as of September 30, 2026 (record date), holding 100 shares (1 unit) or more.
• The shareholder benefit consists of an assortment of “Peyoung” products, valued at JPY 2,500, uniformly regardless of the number of shares held.
• The “Peyoung” products are selected with the cooperation of Maruka Foods Corporation, one of the company’s business partners.
• The benefits are scheduled to be sent around mid-November 2026.
• This special shareholder benefit is a one-time implementation.

This announcement indicates Fujita Engineering’s commitment to shareholder appreciation during key corporate milestones. The choice of a specific food product, particularly from a regional partner, may reflect both community engagement and existing business relationships. As a one-time benefit, it could be viewed as a gesture to reinforce shareholder loyalty in the short term, warranting attention from current and potential investors.

• First Juken Co., Ltd. has determined the specific details of its shareholder benefits, with the record date set for October 31, 2026.
• Eligible shareholders are those listed on the shareholder registry as of the record date, holding 100 shares or more, and having continuously held them for at least one year.
• The “one year continuous holding” condition requires the same shareholder number to appear consecutively three or more times on the shareholder registry, which is finalized twice a year (April and October).
• Shareholders continuously holding 100 to under 300 shares for one year will receive a QUO Card (500 yen), while those continuously holding 300 shares or more for one year will receive an Ibonoito Golden Udon set (3 packs of 240g each).
• The QUO Card is scheduled to be enclosed with the General Shareholders’ Meeting resolution notice, expected to be sent in late January 2027. The Udon set will be sequentially dispatched via post starting from late January 2027.

This announcement specifies First Juken’s shareholder benefit program, providing clarity for investors. The conditions, particularly the continuous holding period, suggest an intention to encourage long-term share ownership and potentially stabilize the shareholder base. Investors interested in shareholder returns may find these details relevant for their investment considerations.

• ASKUL Corporation reported consolidated net sales of ¥112,345 million for the first quarter of FY2027 (May 21, 2026 to August 20, 2026), representing an 8.2% decrease year-on-year.
• The company posted an operating loss of ¥418 million (compared to an operating profit of ¥1,053 million in the prior year’s Q1), an ordinary loss of ¥452 million (compared to an ordinary profit of ¥938 million), and a net loss attributable to owners of the parent of ¥508 million (compared to a net profit of ¥344 million).
• In the e-commerce segment, net sales were ¥110,700 million (down 7.9% year-on-year), and an operating loss of ¥393 million was recorded (compared to an operating profit of ¥1,064 million in the prior year’s Q1).
• The operating loss in the e-commerce business was primarily due to a 1.5 percentage point decrease in the gross profit margin, which fell to 23.3% compared to the prior year.
• The full-year consolidated earnings forecast (net sales ¥490,000 million, operating profit ¥7,000 million, ordinary profit ¥6,300 million, and net profit attributable to owners of the parent ¥4,000 million) remains unchanged from the most recently announced forecast.

ASKUL’s first quarter results for FY2027 show a decline in revenue and a shift to losses across profit stages, primarily driven by a reduced gross profit margin in its core e-commerce segment. Despite these results, the company has maintained its full-year earnings forecast, suggesting that management anticipates a recovery or improved performance in subsequent quarters. Investors may want to monitor the effectiveness of the company’s strategies to restore sales and improve profitability going forward.

• TOKYO BASE announced its consolidated financial results for the first half of the fiscal year ending January 2027 (February 1, 2026 – July 31, 2026).
• Sales for the first half totaled ¥12.466 billion, representing a 121.1% increase year-on-year.
• Operating profit reached ¥857 million, a 107.8% increase compared to the previous year.
• Ordinary profit significantly increased by 134.8% year-on-year to ¥920 million.
• Profit attributable to owners of parent was ¥518 million, up 111.9% year-on-year.
• Key drivers for the sales increase included expanded domestic store openings (with inbound sales up ¥1.01 billion), increased EC sales (up ¥570 million), and growth in overseas business sales (up ¥300 million).
• The operating profit margin decreased from 7.7% in the previous period to 6.9%.
• By sales channel, EC sales grew 136.0% year-on-year, and overseas physical store sales (Hong Kong 162.7%, China 122.4%) saw significant increases, while existing domestic physical store sales decreased by 96.4% year-on-year.
• The total number of consolidated stores (including EC) at the end of the first half was 116, with physical stores totaling 103, an increase of 11 physical stores during the half.

The increase across all revenue and profit metrics, particularly the substantial rise in ordinary profit, appears to be influenced by foreign exchange gains due to the weaker yen. However, the decline in operating profit margin, resulting from initial costs for new store openings and core new business development, might be a point for investors to monitor regarding future profitability. The fact that EC and overseas businesses offset a decline in existing domestic store sales, which was attributed to inventory control, suggests the effectiveness of a diversified sales channel strategy.

• P-MARITIME BANK reported consolidated net sales of 676 million yen for the first half of fiscal year 2027 (February 1, 2026 – July 31, 2026), a decrease of 11.4% year-on-year.
• Consolidated operating income was 99 million yen, representing a 56.9% decrease compared to the same period last year.
• Consolidated ordinary income increased by 11.0% year-on-year to 129 million yen.
• Net income attributable to owners of parent for the interim period was 102 million yen, a 6.2% decrease from the prior year.
• Interim earnings per share stood at 27.79 yen.
• The full-year consolidated earnings forecast remains unchanged, projecting net sales of 1,663 million yen (up 10.0% YoY), operating income of 322 million yen (down 7.6% YoY), ordinary income of 323 million yen (up 15.9% YoY), and net income attributable to owners of parent of 210 million yen (down 2.1% YoY).

While revenue and operating income saw a year-over-year decline, the increase in ordinary income is a noteworthy point. This can be attributed to the absence of equity method investment losses and gains on sale of shares of associates recorded in the prior year, along with contributions from foreign exchange gains. The unchanged full-year outlook suggests that the company anticipates a recovery or stability in performance during the second half of the fiscal year.

• Living Platform Inc. has finalized the details of its shareholder benefit program, initially announced on May 19, 2026.
• Eligible shareholders are those listed on the shareholder registry as of September 30, 2026, holding 200 or more shares of the company’s stock, and whose registered address is in Japan.
• The shareholder benefit consists of a digital gift card worth JPY 12,000, uniformly provided to all eligible shareholders.
• The digital gift card offers multiple redemption options, including electronic money, points, and gift certificates.
• The benefit will be distributed around December 2026, with an informational guide (including redemption instructions) mailed to eligible shareholders’ registered addresses.

This announcement clarifies the specific terms and conditions of the previously disclosed shareholder benefit program. The choice of a digital gift card suggests an aim to offer shareholders flexibility and diverse options for usage. The defined eligibility criteria, requiring 200 shares and a Japanese address, outlines the scope of the program’s reach, which could be a point of interest for current and prospective investors.

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

• Marusan Securities’ Board of Directors resolved on September 15, 2026, the planned interim dividend for the fiscal year ending March 2027, with the record date set for September 30, 2026.
• The planned interim dividend per share consists of an ordinary dividend of ¥21.00 and a special dividend of ¥15.00, totaling ¥36.00.
• The company maintains its policy of implementing an annual special dividend of ¥30 (¥15 interim, ¥15 year-end) in addition to the ordinary dividend, from FY2024 to FY2029.
• The formal decision regarding the ordinary and special interim dividends for the fiscal year ending March 2027 is scheduled to be made at a Board of Directors meeting in late October of this year.
• The ordinary dividend policy targets a dividend payout ratio of 50% or more, based on net income.

This announcement confirms Marusan Securities’ commitment to its established dividend policy, proceeding as planned with the interim dividend. The continuation of special dividends until FY2029 indicates a consistent approach to shareholder returns as part of its medium-term management plan. Investors may want to monitor the formal approval of these dividends in late October and consider the implications of the stated dividend policy and its long-term consistency.

• Hybrid Technologies Inc. resolved at its Board of Directors meeting on September 15, 2026, to acquire all shares of Cloud Pro Inc. and make it a subsidiary.
• Cloud Pro Inc. specializes in inside sales agency services for SaaS providers, leveraging a unique corporate database and a success-fee-based business model.
• Through this acquisition, G-Hybrid Tech will define a new “AI BPO domain” in addition to its existing “Development Domain (Japan)”, “Development Domain (Overseas)”, and “Human Resources Domain”.
• The number of shares acquired is 300, with an acquisition cost of 350 million yen for common shares and approximately 21 million yen for advisory fees, totaling approximately 371 million yen.
• The share transfer execution date is scheduled for October 1, 2026, and the impact on the current fiscal year’s performance is expected to be minor, with only acquisition-related expenses to be recorded.

The acquisition of Cloud Pro Inc. is noteworthy as it signifies G-Hybrid Tech’s expansion into a new “AI BPO domain,” indicating a strategic move to diversify its business. The synergy between Cloud Pro’s SaaS sales expertise and G-Hybrid Tech’s AI utilization capabilities may suggest a focus on increasing value-added services. Investors may monitor how this new domain contributes to group synergy and potential future M&A activities in this area.

• G-Solvvy resolved to enter into a capital and business alliance agreement with Jax Co., Ltd. and to dispose of treasury shares through a third-party allotment.
• The business alliance includes joint development of a DX platform for the housing reform sector, integration of payment services, and collaboration in developing guarantee services across various domains.
• For the capital alliance, 414,000 shares of common stock (3.45% of total outstanding shares) will be allotted to Jax at 1,444 yen per share, totaling 597,816,000 yen.
• The proceeds from the allotment will be allocated to joint development costs for the housing industry’s DX platform (90 million yen), investment in talent acquisition and training for alliance promotion (155 million yen), and costs for expanding existing and new guarantee service areas (350 million yen).
• No director dispatch from Jax is planned; G-Solvvy intends to maintain management independence while strengthening operational collaboration through regular meetings and potential employee secondments.

This alliance suggests a potential for creating new business opportunities in the housing reform market by combining G-Solvvy’s expertise in guarantee services and technology with Jax’s track record in housing reform loans and national network. The absence of director dispatch from Jax indicates an intention to maintain G-Solvvy’s management independence while fostering close operational collaboration. The capital injection through the third-party allotment is expected to accelerate investments in platform development and new business expansion.

• Broadmind Co., Ltd. resolved to expand its “Broadmind Premium Shareholder Benefit Club” program and change the record date at its Board of Directors meeting on September 15, 2026.
• The eligibility for the shareholder benefit program will shift from shareholders holding 400 or more shares recorded on the shareholder registry as of March 31 each year to those recorded as of January 31 each year, effective from the fiscal year ending March 2027.
• The point allocation table has been revised, introducing a new tier where shareholders holding 3,000 or more shares will receive 50,000 points, an increase from the previous maximum of 40,000 points for 2,000 or more shares.
• The previous carry-over condition for benefit points (allowing carry-over up to once if recorded on the shareholder registry with the same shareholder number for two consecutive periods or more and continuously holding 400 or more shares as of March 31 of the following year) has been abolished. Points from March 2026 that are not exercised by June 30, 2027, will expire.
• The company has changed its dividend policy to implement two dividends per year (interim and year-end) starting from the current fiscal year (ending March 2027), with a projected annual dividend of 70.00 yen per share (35.00 yen interim, 35.00 yen year-end) for the fiscal year ending March 2027.

The expansion of the shareholder benefit program and the change in the record date appear to be part of Broadmind’s broader strategy to enhance shareholder returns and encourage long-term shareholding, following the introduction of Amazon gift cards as an exchange item and interim dividends. The revised point allocation table, particularly the new higher tier, may indicate a focus on incentivizing larger shareholdings to improve liquidity and optimize stock valuation. The abolition of the carry-over system, while simplifying the process, necessitates that shareholders remain mindful of the new point exercise deadline.

• Muraki resolved at today’s Board of Directors meeting to enter into a capital and business alliance agreement with STRIDERS Co., Ltd.
• The purpose of this alliance is to jointly promote the “Regional Mobility Hub Concept” by combining Muraki’s expertise in automotive-related businesses with STRIDERS Group’s concepts in hotels, real estate, investment/business revitalization, and regional revitalization.
• The business alliance includes projects to convert SS, maintenance factories, accommodation facilities, etc., into multi-functional mobility hubs, corporate and tourist rental car businesses, collaboration with local governments and financial institutions, and investments in regional mobility businesses.
• As a capital alliance, Kurashiki Royal Art Hotel Co., Ltd., a consolidated subsidiary of STRIDERS, will acquire 180,000 shares of Muraki (12.25% of outstanding shares) from Muraki’s major shareholder, Dream Works Co., Ltd., through an off-market private transaction. The share transfer is scheduled for September 17, 2026.
• In the initial phase, Narita and Kaga, existing STRIDERS Group locations, will serve as pilot fields to test a service model combining hotel accommodation with rental cars for long-term, corporate, and inbound travelers.

This capital and business alliance could accelerate Muraki’s transformation towards becoming a comprehensive mobility service provider that contributes to local communities. The integration of STRIDERS Group’s diverse business foundations with Muraki’s SS network may create new revenue opportunities. The progress of the initial pilot projects and subsequent plans for nationwide expansion are likely to be key indicators for future business growth.

• Jaccs Co., Ltd. entered into a capital and business alliance agreement with Solvvy Corporation on September 15, 2026.
• Through this alliance, both companies will jointly develop a platform for the housing renovation sector and provide guarantee services.
• The business alliance includes adding payment functions to a platform for DX in the housing industry and collaborating on guarantee services beyond the housing sector.
• Jaccs plans to acquire 414,000 shares of Solvvy’s treasury stock (3.45% of total outstanding common shares) for ¥597,816,000.
• The share transfer execution date is scheduled for October 5, 2026.

This alliance is positioned as part of Jaccs’ “Do next!” medium-term management plan, aimed at growth and expansion in the housing-related sector. Solvvy’s expertise in guarantee services and technology, when combined with Jaccs’ existing reform loan business, could offer new value to member stores and enhance operational efficiency. It is also noteworthy that Jaccs is utilizing a portion of the funds raised through its capital and business alliance with Mitsubishi UFJ Bank for this acquisition.

• Struthers Co., Ltd. and its consolidated subsidiary, Kurashiki Royal Art Hotel Co., Ltd., announced the signing of a capital and business alliance agreement with Muraki Co., Ltd.
• Kurashiki Royal Art Hotel Co., Ltd. will acquire 180,000 shares of Muraki’s common stock for ¥450,000,000.
• This share acquisition represents 12.25% of Muraki’s total outstanding shares and 12.25% of its voting rights.
• The alliance aims to promote the “Regional Mobility Hub Concept,” which involves reconstructing local service stations (SS) and idle real estate into multi-functional “mobility hubs.”
• The business alliance includes initiatives such as transforming regional bases into mobility hubs, providing vehicle-related services, conducting pilot projects, collaborating with partners, and investing in related businesses. Initial pilot projects are planned for Struthers’ existing locations in Narita and Kaga.

This capital and business alliance suggests Struthers is strategically combining Muraki’s expertise in automotive-related businesses with its own strengths in hotels, real estate, and investment/business revitalization to forge new business models focused on regional revitalization. The “Regional Mobility Hub Concept” appears to be a response to challenges such as depopulation, secondary transportation shortages, and increasing idle real estate in rural areas, potentially creating multi-revenue stream regional infrastructure. The equity participation by Struthers’ consolidated subsidiary in Muraki may indicate a commitment to long-term project advancement by aligning the interests of both companies.

• Baby Calendar Co., Ltd. resolved to acquire all shares of Orange Page Co., Ltd., making it a consolidated subsidiary, at a Board of Directors meeting held on September 15, 2026, and entered into a share transfer agreement with East Japan Railway Company on the same date.
• Orange Page Co., Ltd. primarily operates publishing businesses, including the magazine ‘Orange Page’, providing content in the “food” and “lifestyle” domains, and has expanded into e-commerce, events, and seminars.
• The acquisition aims to leverage the mutual content, brands, know-how, and business foundations of both companies, including web media operation, content creation, digital marketing, publishing, and e-commerce, to expand content value and revenue opportunities, and create new business opportunities.
• The acquisition price is 500 million yen for common shares, plus approximately 7 million yen for advisory fees, totaling an estimated 507 million yen, to be funded by Baby Calendar’s own capital.
• The scheduled share transfer execution date is November 2, 2026. Prior to this date, Orange Page is expected to pay a dividend of approximately 2 billion yen to JR East.

This acquisition signifies Baby Calendar’s strategic expansion beyond its core “pregnancy, childbirth, and childcare” domain into “food” and “lifestyle.” The synergy between Baby Calendar’s digital media expertise and Orange Page’s established publishing brand and content could enable diversified revenue streams. Investors may want to monitor the forthcoming disclosures regarding the impact on consolidated earnings, which are currently under review.

• Nichiryoku Co., Ltd. resolved to expand its lottery-based shareholder benefit program at a Board of Directors meeting held on September 15, 2026.
• The expansion aims to enhance shareholder returns and broaden its “end-of-life related services,” which the company targets as a growth area.
• The scope of services eligible for the lottery-based shareholder benefit has been changed to include new end-of-life related products such as identity guarantee contracts, post-mortem administrative contracts, and “Anshin Pack” services.
• The eligible columbariums have also been expanded to include “Myogadani Ryōen En-no-sono.”
• These changes will be effective from the lottery scheduled for late September 2026.
• The eligibility for the lottery and the drawing method remain unchanged: 20 shareholders holding 100 shares or more who apply will receive product vouchers worth JPY 500,000 twice a year (end of September and end of March).

This expansion of the shareholder benefit program appears to serve a dual purpose: reinforcing shareholder returns while also highlighting Nichiryoku’s strategic focus on the “end-of-life business” as a future growth driver. By including services like identity guarantee and post-mortem administrative contracts in the benefits, the company may aim to enhance shareholder understanding of its expanding business domains. Investors might monitor how this benefit enhancement contributes to the company’s long-term corporate value and shareholder base expansion.

• KeePer Giken announced a 1-for-2 stock split of its common shares, with the record date set for October 31, 2026, and the effective date on November 1, 2026.
• The purpose of the stock split is to reduce the investment unit price, aiming to expand the investor base and improve the liquidity of the company’s shares.
• Concurrently with the stock split, a partial revision to the shareholder benefit program was announced. Starting from the shareholder benefit record date of December 31, 2026, new criteria based on post-split shareholdings (e.g., pre-split 100 shares or more → post-split 200 shares or more) will apply.
• The dividend forecast for the fiscal year ending June 2027 has been revised per share due to the stock split. The year-end dividend was adjusted from JPY 100.00 to JPY 50.00, but this change is solely due to the stock split and represents no substantial change to the dividend forecast when the split is not considered.
• There will be no amendments to the Articles of Incorporation and no change in the amount of stated capital in connection with this stock split.

• P-Energy Power announced its transition from non-consolidated to consolidated financial reporting, starting with the fiscal year ending August 2026.
• The company released its first consolidated earnings forecast for the fiscal year ending August 31, 2026 (September 1, 2025 – August 31, 2026).
• The consolidated forecast projects net sales of 7,503 million JPY, operating profit of 1,537 million JPY, ordinary profit of 1,364 million JPY, profit attributable to owners of parent of 861 million JPY, and basic earnings per share of 107.64 JPY.
• Compared to the previously announced non-consolidated forecast (8,941 million JPY), net sales are expected to decrease by 1,397 million JPY (16.1%), while operating profit, ordinary profit, and profit attributable to owners of parent are projected to increase.
• The decline in net sales is attributed to changes in the construction period for a large order and fewer-than-planned construction orders and progress. The increase in profits is attributed to appropriate cost management and expense reduction efforts.
• The company anticipates recording an impairment loss as an extraordinary loss for the fiscal year ending August 2026 due to changes in asset usage.

P-Energy Power’s shift to consolidated financial statements reflects its business expansion and the establishment of new subsidiaries, which could indicate a maturing corporate structure. While the projected decline in sales might warrant attention, the expected increase in profits suggests effective cost control and operational efficiency. Investors will now primarily use consolidated figures to assess the company’s performance, making this transition a significant reporting change.

• G-Usona announced on September 15, 2026, its board of directors resolved to acquire shares of Empire State Inc., making it a subsidiary.
• The acquisition involves 35 shares, resulting in a post-acquisition voting rights ownership of 70.0%.
• The total acquisition cost is approximately 175 million JPY, comprising 145 million JPY for Empire State Inc. common shares and an estimated 30 million JPY for advisory fees.
• The scheduled share transfer date is October 1, 2026.
• Empire State Inc. provides comprehensive sales support services, including corporate sales agency, BPO, sales strategy formulation, and sales organization development.

G-Usona stated this acquisition aligns with its mid-to-long-term management vision of expanding into peripheral businesses leveraging its database assets. The company aims to cultivate a new business domain, “BPO services utilizing corporate data,” by integrating Empire State’s sales expertise with G-Usona’s corporate database and products. While the impact on G-Usona’s consolidated results for the fiscal year ending December 2026 is expected to be minor, the future development of business synergies may be worth monitoring.

• Liberta Co., Ltd. resolved on September 15, 2026, to absorb and merge its wholly-owned subsidiary, Afura Co., Ltd.
• Liberta Co., Ltd. will be the surviving company in this absorption-type merger, and Afura Co., Ltd. will be dissolved.
• The effective date of the merger is scheduled for December 1, 2026.
• This merger qualifies as a simplified merger for Liberta Co., Ltd. under Article 796, Paragraph 2 of the Companies Act, and a short-form merger for Afura Co., Ltd. under Article 784, Paragraph 1, thus no shareholder meetings will be held for approval of the merger agreement.
• The stated purposes of the merger are to further streamline management resources, consolidate group management capabilities, expedite decision-making, reduce administrative costs, and improve management efficiency by eliminating redundant functions.

This merger involves a wholly-owned subsidiary, suggesting a strategic move to optimize internal group structure rather than an external expansion. The company expects benefits from improved efficiency in management resources and a faster decision-making process. As the merger is with a full subsidiary, the impact on consolidated financial results is stated to be minor, indicating a focus on operational synergies within the existing group framework.

• Green Earth Institute Co., Ltd. (Code: 9212) has announced a special shareholder benefit to commemorate its market segment change from the Tokyo Stock Exchange Growth Market to the Standard Market.
• Eligible shareholders are those recorded in the shareholder registry as of September 30, 2026, holding one unit (100 shares) or more of the company’s stock.
• The shareholder benefit consists of a 1,000 JPY QUO card uniformly presented to each eligible shareholder.
• This special shareholder benefit for the market segment change is a one-time implementation, and future shareholder return policies will be considered comprehensively.
• The QUO cards are scheduled to be mailed in early December 2026, along with the notice of the ordinary general meeting of shareholders.

This special benefit is presented as a gesture of gratitude to shareholders and to deepen their understanding of the company’s business following its market segment transition. The announcement specifies that this is a “one-time implementation,” suggesting that investors may monitor future disclosures regarding the company’s long-term shareholder return policies. The impact on the company’s financial performance is stated to be minor.

• SYSHD’s FY2026/7 results show net sales of ¥15,673 million (up 11.5% YoY), operating income of ¥797 million (up 13.1% YoY), and net income attributable to owners of the parent of ¥548 million (up 29.5% YoY).
• Growth in existing businesses and the acquisition of Sunrising Corporation, effective February 2, 2026, contributed approximately ¥97 million to net sales.
• Despite a year-on-year decrease in operating income in the first half, a recovery in the second half led to 13 consecutive years of revenue growth and 8 consecutive years of profit growth.
• Compared to initial forecasts, net sales were ¥1,176 million (7.0%) below target, and operating income was ¥246 million (23.6%) below target.
• In FY2026/7, the company completed one M&A (Sunrising Corporation), hired 164 new employees, and implemented a 5% salary increase as part of compensation improvement.

SYSHD’s continued revenue and profit growth, driven by both organic expansion and M&A, highlights its strategic approach to business development. The contribution of recent acquisitions suggests that M&A remains a key component of its growth strategy. While initial forecasts were not fully met, the recovery in the second half of the fiscal year could indicate operational resilience and adaptability.