Japan Stock IR Daily – September 29, 2026 (33 reports)

• ALLIS Co., Ltd. (Code 637A) was listed on the Tokyo Stock Exchange TOKYO PRO Market on September 29, 2026.
• For the fiscal year ending December 2026 (forecast), the company anticipates consolidated net sales of ¥1,638,781 thousand (up 20.6% YoY), operating profit of ¥253 thousand (down 99.2% YoY), ordinary loss of ¥19,089 thousand (down 173.7% YoY), and net loss attributable to parent company shareholders of ¥33,939 thousand (down 129.0% YoY).
• The fiscal year ended December 2025 (actual) reported net sales of ¥1,358,635 thousand, operating profit of ¥32,408 thousand, ordinary profit of ¥25,898 thousand, and net profit attributable to parent company shareholders of ¥116,846 thousand.
• For the second quarter (interim period) of the fiscal year ending December 2026, consolidated results showed net sales of ¥853 million, operating profit of ¥39 million, ordinary profit of ¥39 million, and net profit attributable to parent company shareholders of ¥16 million.
• The dividend per share for FY2026 is undetermined, while it was ¥0.00 for FY2025.

The listing on TOKYO PRO Market marks a significant milestone for ALLIS. While the company projects substantial growth in net sales for FY2026, the anticipated decline into losses across key profit metrics could suggest increased investment in growth or one-time costs associated with the listing. Investors may wish to monitor how the company balances revenue growth with profitability in future reports.

• Kurasasu Chemical Co., Ltd. was listed on the Tokyo Stock Exchange Standard Market on September 29, 2026.
• The consolidated earnings forecast for the full fiscal year ending December 2026 projects net sales of ¥323,400 million (up 6.4% year-on-year), operating profit of ¥3,000 million (down 28.8% year-on-year), ordinary profit of ¥4,200 million (down 24.9% year-on-year), and net profit attributable to owners of the parent of ¥1,700 million (down 45.1% year-on-year).
• A per-share dividend of ¥12.00 is planned for the fiscal year ending December 2026.
• The company has set a shareholder return policy aiming for stable dividends with a target DOE (Dividend on Equity) of 5%.
• Consolidated results for the interim accounting period of the fiscal year ending December 2026 were net sales of ¥132,009 million, operating profit of ¥3,564 million, ordinary profit of ¥4,134 million, and interim net profit attributable to owners of the parent of ¥2,621 million.

Kurasasu Chemical’s initial listing presents a mixed outlook with projected revenue growth but a decline in profits for the current fiscal year, possibly influenced by raw material price volatility and scheduled plant maintenance. However, the commitment to a 5% DOE target for shareholder returns could be a key point of interest for investors seeking long-term stability. The impact of ongoing business structure reforms and diversification of raw material sourcing on future earnings stability will be worth monitoring.

• SMDAM Active ETF Japan Growth Stocks (349A) announced its interim financial results for the 2nd half of the fiscal year ending February 2027 (period: February 21, 2026 to August 20, 2026).
• Total net assets as of the end of this interim period (August 20, 2026) were ¥1,095 million, an increase from ¥952 million at the end of the February 2026 fiscal year.
• The net asset value per 100 units rose to ¥84,236 at the end of this interim period, from ¥73,307 at the end of the February 2026 fiscal year.
• The breakdown of assets shows that major investment assets (stocks) accounted for ¥1,085 million, representing 99.1% of the total.
• Total operating revenue for this interim period was ¥145,098,094, with gains/losses on securities trading accounting for ¥136,900,265.
• The number of outstanding units remained constant at 1,300 thousand units from the previous period end to the end of this interim period.

This interim report indicates an increase in net assets and NAV, largely driven by gains from securities trading, which constituted a significant portion of operating revenue. The growth in net assets without a change in outstanding units suggests that the fund’s investment performance directly contributed to the rise in NAV. This trend in investment performance may be a point of interest for investors evaluating the fund’s operational status.

• Data Applications Inc. reported Q1 FY2027 revenue of ¥1,122 million, an 18.5% increase year-over-year.
• The software business saw growth from large subscription contract wins and solid order volume, while the system integration business’s revenue increased by 45.1% year-over-year.
• The company recorded an operating loss of ¥40 million, attributed to an increased cost of sales and decreased gross profit margin due to higher revenue from the system integration business, which has a higher cost ratio.
• The AI-related business grew by 33.1% year-over-year, driven by strong performance from Melon’s “KISS” demand forecasting service and WEEL’s AI-related services.
• The effects of price revisions implemented from April 2026 were limited in Q1 due to staggered application upon contract renewals, and the full-year earnings forecast remains unchanged at this time.

Data Applications’ Q1 results indicate robust revenue growth, particularly driven by successful large subscription deals and expansion in its system integration and AI-related segments. This growth trajectory may suggest a positive shift towards recurring revenue streams and a diversified business model. However, the recorded operating loss, despite revenue gains, could point to challenges in managing cost structures during this growth phase, with investors likely monitoring the gradual impact of price revisions on future profitability.

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

• The ABF Pan Asia Bond Index Fund (Code: 1349) announced its financial results for the fiscal year ended June 2026 (July 1, 2025 – June 30, 2026) on September 29, 2026.
• Total net assets for the fiscal year ended June 2026 were ¥596,389 million (compared to ¥608,520 million at the end of the previous period). Major investment assets accounted for ¥596,185 million (100% of composition), and cash, deposits, and other assets (net of liabilities) were ¥203 million (0% of composition).
• The number of units in issue at the end of the period increased to 34,801 thousand units (compared to 33,843 thousand units at the end of the previous period). Units issued totaled 1,323 thousand, and units redeemed were 365 thousand.
• The net asset value per unit for the fiscal year ended June 2026 was ¥17,137 (compared to ¥17,980 at the end of the previous period).
• Distributions per unit were ¥234 (US$1.51) for the record date of July 22, 2026, and ¥217 (US$1.40) for the record date of January 22, 2026.

The ABF Pan Asia Bond Index Fund’s FY2026 results show a decrease in total net assets compared to the prior period, while the number of units in issue has grown. The net asset value per unit also declined from the end of the previous fiscal period. These figures provide a foundational view for assessing the fund’s size and performance over the reported period.

• Weldish Co., Ltd. announced on September 29, 2026, that it has entered a grace period due to the loss of substantial going concern through merger or similar events.
• The company received notification from the Tokyo Stock Exchange on September 28, 2026, regarding the grace period, which will run from December 11, 2025, to August 31, 2029.
• During this grace period, Weldish must apply for an examination to determine if it complies with standards equivalent to those for new listings; if approved, the grace period will be lifted, and its listing maintained.
• Conversely, if the company is not recognized as compliant with said standards within the grace period, there is a risk of delisting.
• Based on the final investigation report received from the independent investigation committee on August 3, 2026, the company is currently formulating recurrence prevention measures.

This announcement indicates that Weldish is entering a critical phase, requiring it to strengthen its business foundation and management structure over the coming years to meet listing standards equivalent to those for new listings. Investors may want to closely monitor the company’s progress on recurrence prevention measures and business improvement plans, as these developments will likely determine the outcome of the grace period. The success of these initiatives will be key to maintaining its stock exchange listing.

• G-Addish resolved to enter into a capital and business alliance agreement with FCE Co., Ltd. at its Board of Directors meeting held on September 29, 2026.
• The business alliance includes developing new product packages based on needs surveys for overlapping customers in the education sector, creating opportunities to propose FCE’s products to educational institutions through G-Addish’s municipal networks, and mutually supporting business growth by G-Addish adopting FCE’s “xDrive” and providing its customer success expertise to FCE.
• As a capital alliance, 98,000 shares of G-Addish’s common stock (4.5% of total issued shares) will be transferred from an existing shareholder to FCE via an off-market block trade, with the payment date set for September 29, 2026.
• FCE Co., Ltd. operates in DX promotion, education and training, and publishing businesses, with a capital of 770,846 thousand yen, established on April 21, 2017.
• The immediate impact of this alliance on G-Addish’s consolidated financial performance for the current fiscal year is expected to be minor, but it is anticipated to contribute to G-Addish’s business growth and corporate value enhancement in the medium to long term.

This alliance appears to be a strategic move to leverage both companies’ customer bases, services, and expertise, particularly in the educational sector. The combination of G-Addish’s established presence in private schools and municipal networks with FCE’s DX promotion and educational training content could suggest a potential for creating new market opportunities. The capital alliance component may also aim to solidify the business cooperation and stabilize the partnership for sustained, long-term corporate value improvement.

• FCE Co., Ltd. announced on September 29, 2026, that it has entered into a capital and business alliance agreement with Adish Inc.
• The business alliance includes developing product packages in the education sector, creating opportunities to propose FCE’s products through local governments, and supporting business growth in both companies’ training sectors.
• As part of the capital alliance, FCE plans to acquire 98,000 shares of Adish Inc.’s common stock (4.5% of the total outstanding shares) for a total of ¥52,724,000 through an off-market private transaction. The payment due date is September 29, 2026, and the scheduled share acquisition date is October 6, 2026.
• Adish Inc.’s business activities include customer success support, social risk countermeasures, and internet trouble prevention services for schools.
• FCE expects the impact of this alliance on its consolidated financial results for the fiscal year ending September 2026 to be minor.

This alliance appears to seek synergies between FCE’s DX promotion and education training businesses and Adish’s customer success business and services for schools. The mutual leveraging of customer bases and expertise, especially for educational institutions, could present new growth opportunities for both companies. FCE’s acquisition of Adish shares may also indicate an intention to solidify the business alliance relationship.

• Okuwa Co., Ltd. announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending February 2027.
• Consolidated operating results for the cumulative period show sales revenue of ¥123,227 million (down 1.0% year-on-year), an operating loss of ¥57 million (compared to an operating profit of ¥579 million in the previous interim period), ordinary profit of ¥13 million (down 98.0% year-on-year), and a net loss attributable to owners of the parent of ¥187 million (compared to a net profit of ¥248 million in the previous interim period).
• Interim net loss per share was ¥4.60.
• In the consolidated financial position, total assets were ¥130,383 million, net assets were ¥74,103 million, and the equity ratio was 56.6%.
• The full-year dividend forecast for the fiscal year ending February 2027 remains unchanged from the most recently announced forecast, with an interim dividend of ¥13.00 and a year-end dividend of ¥13.00, totaling ¥26.00.
• The full-year consolidated earnings forecast is sales revenue of ¥250,800 million (down 0.7% year-on-year), operating profit of ¥1,300 million (down 30.8%), ordinary profit of ¥1,300 million (down 34.1%), net profit attributable to owners of the parent of ¥50 million (down 81.1%), and net profit per share of ¥1.23, with no revisions from the most recently announced forecast.

The interim results show a slight decrease in sales revenue, a significant decline in operating and ordinary profits, and a net loss attributable to owners of the parent. This performance appears to be influenced by a challenging retail environment, characterized by consumer economizing, intensified competition, and rising costs. With the full-year forecast unchanged, the progress of initiatives aimed at recovering performance in the latter half of the fiscal year may be worth monitoring.

• Consolidated net sales for the fiscal year ended August 2026 were ¥13,880 million, representing a 2.1% increase year-on-year.
• Operating profit reached ¥632 million (+57.2% YoY), ordinary profit ¥668 million (+60.4% YoY), and net profit attributable to parent company shareholders was ¥423 million (+35.7% YoY).
• Diluted earnings per share were ¥46.84.
• The annual dividend for FY2026 was ¥12 per share (year-end dividend of ¥7), an increase from ¥10 in the previous fiscal year. The year-end dividend includes an ordinary dividend of ¥5 and a commemorative dividend of ¥2.
• For the fiscal year ending August 2027, the company forecasts consolidated net sales of ¥14,700 million (+5.9% YoY), operating profit of ¥750 million (+18.6% YoY), and net profit of ¥550 million (+29.8% YoY).

Cloudy Holdings’ FY2026 results show significant profit growth despite a modest increase in net sales, which may suggest enhanced operational efficiency or cost structure improvements. The decision to increase the dividend and the positive outlook for the next fiscal year could indicate management’s confidence in the company’s current performance and future prospects. Investors may find these strong profit figures and forward guidance noteworthy.

• Nichirin resolved a reorganization of its domestic manufacturing business at a Board of Directors meeting held on September 29, 2026.
• The reorganization involves an absorption-type merger where the newly established wholly-owned subsidiary “Nichirin Japan Co., Ltd.” (to be established in January 2027) will absorb Nichirin Kiko Co., Ltd. and Nichirin Service Co., Ltd.
• Concurrently, an absorption-type company split will transfer the manufacturing-related departments of Nichirin’s Himeji Plant to the new company, with Nichirin as the splitting company and the new company as the succeeding company.
• The effective date for both the absorption-type merger and the absorption-type company split is scheduled for April 2027.
• Nichirin has stated that this organizational restructuring is an intra-group reorganization involving only the company and its wholly-owned subsidiaries, and its impact on consolidated business performance is minor.

This organizational restructuring aims to maintain and strengthen Nichirin’s domestic production base while enhancing efficiency and competitiveness. The consolidation of manufacturing functions and unification of command structures at the Himeji Plant could lead to improved production efficiency in the medium to long term. While the short-term impact on financial performance is indicated as minor due to it being an intra-group reorganization, it may suggest a strategic move towards optimizing future business structures.

• TAKARA & COMPANY announced its consolidated financial results for the first quarter of the fiscal year ending May 2027 (June 1, 2026 – August 31, 2026).
• Net sales reached ¥9,512 million, representing a 4.7% increase compared to the same quarter of the previous fiscal year.
• Operating profit was ¥2,125 million, marking a 24.6% increase year-on-year.
• Net income attributable to owners of the parent company amounted to ¥1,446 million, up 21.1% from the prior year’s first quarter.
• The full-year consolidated earnings forecast remains unchanged: Net sales ¥34,200 million (+9.8% YoY), Operating profit ¥4,900 million (+10.9% YoY), and Net income attributable to owners of parent ¥3,500 million (+3.5% YoY).

TAKARA & COMPANY’s Q1 FY2027 results show a strong start, with increases across net sales, operating profit, and net income attributable to owners of the parent. The significant year-on-year growth in profits, outpacing sales growth, may suggest improvements in operational efficiency. The Disclosure-related business segment appears to be a key driver, contributing substantially to both revenue and profit, indicating its robust performance within the company’s overall operations.

• fonfun Corporation resolved on September 29, 2026, at its Board of Directors meeting, to acquire all shares of ICS Corporation, making it a wholly-owned subsidiary.
• The acquisition aims to expand the organization within the DX solution sector and increase recurring revenue, as part of the M&A strategy outlined in the new mid-term management plan “Project Phoenix II.”
• ICS Corporation operates SES and temporary staffing businesses, with projected sales of 795 million yen and operating income of 29 million yen for the latest fiscal year (ending August 2026). It has a strong business foundation with major telecommunication carriers and three major telecommunication construction companies, also undertaking system development contracts.
• The seller of the shares is G Holdings Corporation. fonfun will acquire all 2,000 outstanding shares of ICS Corporation for 110 million yen in cash (total of 121 million yen including advisory fees).
• The share transfer is scheduled for October 6, 2026, and ICS Corporation is expected to become a consolidated subsidiary of fonfun from the third quarter of the fiscal year ending March 2027.

This acquisition aligns with fonfun’s M&A strategy outlined in its mid-term management plan, aiming to strengthen its business foundation and expand revenue in the DX solutions sector. ICS Corporation’s SES, temporary staffing, and telecommunication base station-related businesses could contribute to increasing fonfun Group’s recurring revenue. The robust client base with major telecommunication carriers may also lead to an overall strengthening of the group’s customer portfolio.

• For the first quarter of FY2027, consolidated results show net sales of ¥3,799 million (down 8.6% year-on-year) and an operating loss of ¥79 million (compared to an operating income of ¥18 million in the same period last year).
• The progress rate against the full-year forecast (net sales ¥15,600 million, operating income ¥20 million) is 24.4% for sales, indicating a behind-schedule performance.
• The primary reason for the decrease in revenue and profit is a decline in the commerce domain within the consumer services segment, attributed to strong promotions in the prior year and reduced promotional spending in the current period.
• Sample Hyakkaten’s physical stores, currently operating three locations in the Tokyo metropolitan area, have established a profitable structure and are considering further expansion.
• The share transfer of Mirai Bank Co., Ltd. was agreed upon from the perspective of overall resource allocation within the group, and the proceeds will be strategically reallocated to growth areas such as expanding customer touchpoints for Sample Hyakkaten, PrimeAd, and Household Consulting Services.

The first quarter results indicate a year-on-year decline in consolidated net sales and an operating loss, placing the company behind its full-year plan. The decrease is primarily attributed to the commerce domain within the consumer services segment, reflecting a shift from aggressive promotions in the previous year and reduced spending in the current period. However, the profitability and planned expansion of Sample Hyakkaten’s physical stores could represent a promising area for future revenue growth. The strategic reallocation of funds from the Mirai Bank share transfer to key growth areas suggests a focused effort to optimize the business structure and enhance profitability going forward, which is a point worth monitoring for investors.

• P-Answer HD announced a correction to its “Consolidated Financial Results for the Fiscal Year Ended June 2026 (Japanese GAAP),” which was originally released on August 14, 2026.
• The date of the correction announcement is September 29, 2026.
• The reason for the correction is the finalization of the analysis and transfer processing of unearned revenue (仮受金), which had been continuously scrutinized after the initial disclosure, necessitating revisions to financial figures and related disclosures.
• The corrected portions are indicated by underlines, and the full revised document is provided from page 2 onwards.

This correction suggests that the company has finalized its review of unearned revenue, which may lead to adjustments in previously reported financial figures. Investors should carefully review the specific changes in the corrected financial results to understand the precise impact on the company’s performance. Such revisions are typically part of a company’s ongoing efforts to ensure the accuracy and integrity of its financial reporting.

• DCM Holdings announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending February 2027.
• Operating revenue reached ¥304,348 million, marking an 8.6% increase compared to the same period in the previous year.
• Operating profit stood at ¥21,149 million, a 1.5% increase year-over-year, and ordinary profit was ¥20,205 million, up 1.4% from the prior year.
• Net income attributable to parent company shareholders was ¥11,598 million, representing a 4.4% decrease compared to the previous interim period.
• The consolidated full-year earnings forecast for the fiscal year ending February 2027 and the annual dividend forecast (interim dividend ¥24, year-end dividend ¥24, total ¥48) remain unchanged from the most recently announced figures.

DCM’s H1 FY2027 results show an increase in operating revenue and profit, but a slight decline in net income attributable to parent shareholders. This bifurcation suggests growth in core business revenue alongside potential impacts from non-operating or extraordinary items affecting the bottom line. The unchanged full-year forecasts indicate that management may be anticipating a recovery in the second half, or that current performance aligns with existing internal projections.

• Take and Give. Needs Co., Ltd. resolved to introduce a shareholder benefit program at a Board of Directors meeting held on September 29, 2026.
• The program targets shareholders listed or recorded in the company’s shareholder registry with 700 or more shares as of the end of December each year, starting from December 2026.
• Shareholders will receive points (approximately 1 point = 1 yen) for use in the “Take and Give. Needs Premium Yu-tai Club,” with amounts varying by the number of shares held. For example, 700-799 shares receive 5,000 points, while 3,000 or more shares receive 90,000 points.
• These points can be exchanged for over 5,000 items on a dedicated website or converted into “WILLsCoin,” which can be combined with points from other Premium Yu-tai Club companies.
• Points can be carried over a maximum of one time, provided the shareholder is registered with the same shareholder number for at least two consecutive times as of the end of December and continuously holds 700 or more shares.

The introduction of this shareholder benefit program appears to aim at enhancing shareholder returns, improving stock liquidity, and expanding the investor base. The utilization of shareholder data through the “Take and Give. Needs Premium Yu-tai Club” may also be intended to strengthen communication with shareholders and promote the digitalization of shareholder management, potentially contributing to increased corporate value. The 700-share threshold could indicate a strategic focus on engaging with a specific segment of investors.

• Nippon Seiro Co., Ltd. resolved at its Board of Directors meeting on September 29, 2026, to absorb its wholly-owned subsidiary, Technowax Co., Ltd.
• The effective date of the merger is scheduled for January 1, 2027, with Nippon Seiro as the surviving company and Technowax as the absorbed company.
• This absorption merger qualifies as a simplified merger for Nippon Seiro under Article 796, Paragraph 2 of the Companies Act, and a short-form merger for Technowax under Article 784, Paragraph 1, thus foregoing the need for shareholder approval.
• The stated purpose of the merger is to improve management efficiency and enhance productivity.
• As Technowax is a wholly-owned subsidiary of Nippon Seiro, there will be no allocation of shares or other monetary consideration in connection with this merger.

This merger, with Nippon Seiro absorbing its wholly-owned subsidiary Technowax, appears to be a strategic move aimed at enhancing overall group management efficiency and productivity. The use of simplified and short-form merger procedures may suggest an expedited process for organizational restructuring. The announcement indicates that the impact on Nippon Seiro’s consolidated financial results is expected to be minor, given that it involves a wholly-owned subsidiary.

• Nippon Steel announced the mutual termination of the basic agreement for the business integration study between its subsidiary, NIPPON STEEL ENGINEERING CO., LTD., and KANADEVIA CORPORATION.
• This decision was resolved at the respective board meetings of both companies held on September 29, 2026.
• Consequently, the discussions and deliberations regarding the business integration have concluded.
• Nippon Steel stated that there will be no impact on its consolidated financial performance as a result of this termination.
• Both companies determined that it was difficult to reach an agreement on the various terms and conditions related to the business integration, leading to the dissolution of the memorandum.

This announcement provides an update on the business integration study initially disclosed on February 5, 2026. The inability of the parties to agree on integration terms suggests that their individual strategic paths will continue independently for the foreseeable future. While Nippon Steel has clarified no impact on its consolidated performance, the strategic direction of NIPPON STEEL ENGINEERING may be a point of interest for investors going forward.

• MS-Japan resolved at its board meeting on September 29, 2026, to acquire additional shares of its consolidated subsidiary, FourQuarters Recruitment Pty. Ltd. (FQR), making it a wholly-owned subsidiary.
• Following this additional share acquisition, MS-Japan’s voting rights in FQR will increase from 75.0% to 100.0%.
• FQR is located in Australia and operates in recruitment and temporary staffing services specializing in finance/accounting, banking/financial services, technology, and HR/business support.
• The reasons for the acquisition include accelerating overseas business expansion, integrating management resources for a “one team” approach, and establishing a more agile and unified decision-making structure.
• The specific acquisition price has not been disclosed due to a confidentiality agreement with the share transferors.

This full acquisition appears to be a strategic move by MS-Japan to strengthen its overseas business expansion, particularly in the Australian market. Bringing FQR under full ownership could facilitate a more integrated management structure, potentially accelerating growth and maximizing synergies within the group’s human resources services. Investors may wish to monitor how this consolidation impacts MS-Japan’s international strategy and financial performance.

• Kanadevia Corporation and NIPPON STEEL ENGINEERING Co., Ltd. mutually agreed to terminate their “Basic Memorandum of Understanding for Business Integration Discussions” on September 29, 2026.
• This termination was resolved by the respective Boards of Directors of both companies.
• The reason for the termination is that the companies recognized difficulty in reaching an agreement on various terms and conditions related to the business integration.
• Consequently, all discussions and considerations regarding business integration between the two companies have concluded.
• Kanadevia Corporation has announced that the termination of this memorandum and the end of integration discussions will have no impact on its consolidated financial results.

The termination of the business integration discussions between Kanadevia and NIPPON STEEL ENGINEERING may shift investor focus towards each company’s independent strategies going forward. For market participants who anticipated synergy effects from the integration, this announcement could be viewed as a change in strategic direction. The statement that there will be no impact on Kanadevia’s consolidated financial results suggests stability in its immediate earnings outlook.

• How Television Co., Ltd. resolved to absorb and merge its consolidated subsidiary, mond Japan Inc., at its Board of Directors meeting held on September 29, 2026.
• The purpose of the merger is to streamline group management for mond Japan Inc., which became a dormant company after its entire business was absorbed by How Television on January 1, 2025.
• The merger agreement was signed on September 29, 2026, with an effective date planned for December 1, 2026.
• The merger will be conducted as an absorption-type merger, with How Television Co., Ltd. as the surviving company and mond Japan Inc. to be dissolved.
• As mond Japan Inc. is a wholly-owned subsidiary of How Television, the merger will be executed without consideration.
• There will be no changes to How Television’s name, location, representative’s title/name, business content, capital, or fiscal year-end as a result of this merger.

This merger involves the consolidation of a wholly-owned subsidiary that became dormant after a business absorption. It appears to be a move aimed at enhancing overall group management efficiency. As the merger is with a consolidated subsidiary, the impact on How Television’s consolidated financial performance is stated to be minor, which may suggest a focus on internal streamlining for investors.

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

• G-FORCE G announced its consolidated financial results for the first quarter of the fiscal year ending May 2027 (June 1, 2026, to August 31, 2026).
• During the first quarter, net sales reached ¥1,306 million, representing an 8.9% increase compared to the same period of the previous fiscal year.
• EBITDA stood at ¥589 million (up 10.8% year-on-year), operating income at ¥536 million (up 11.1% year-on-year), and ordinary income at ¥533 million (up 11.5% year-on-year).
• Net income attributable to owners of the parent decreased by 5.8% year-on-year to ¥316 million.
• This decline in net income is primarily attributed to a decrease in income from reversal of share options and an increase in income taxes.
• Basic earnings per share for the quarter were ¥13.23.

G-FORCE G’s first-quarter results for FY2027 show positive growth in revenue and various profit metrics (EBITDA, operating income, ordinary income), suggesting a solid operational performance. The decrease in net income attributable to owners of the parent appears to be influenced by non-operational factors, namely a reduction in income from reversal of share options and higher income taxes, which could indicate a one-off impact on the bottom line. The growth across its Professional Services, SaaS, and DX segments seems to be driving the overall positive top-line and pre-tax profit trends.

• Ito En Co., Ltd. has resolved to discontinue its shareholder special benefit program (Yutai) after the distribution of benefits based on the record date of April 30, 2026.
• The decision was made at the Board of Directors meeting held on September 29, 2026.
• The stated reason for the abolition is to pursue a more equitable return of profits to shareholders and to concentrate management resources on enhancing dividends and improving corporate value over the medium to long term.
• Shareholders holding 100 shares or more, as recorded in the company’s shareholder registry on the April 30, 2026 record date, will be eligible for the final special benefit.
• The shareholder special benefit program will not be implemented for record dates of April 30, 2027, or later.

Ito En’s decision to abolish its shareholder benefit program and focus on dividends and corporate value enhancement suggests a shift in its approach to shareholder returns. This move could indicate a strategic emphasis on long-term corporate value rather than short-term incentives. Investors may find it pertinent to monitor the company’s future dividend policies and specific initiatives aimed at enhancing corporate value over the medium to long term.

• Sekichu announced its financial results for the second quarter (interim period) of the fiscal year ending February 2027, covering February 21, 2026, to August 20, 2026.
• Operating revenue for the interim period was JPY 15.814 billion, marking a 1.7% decrease compared to the previous interim period.
• Operating profit reached JPY 637 million (up 21.7% year-on-year), ordinary profit was JPY 624 million (up 17.8%), and interim net profit was JPY 401 million (up 22.3%).
• Diluted interim earnings per share stood at JPY 73.81.
• The full-year earnings forecast has been revised upwards, projecting operating revenue of JPY 30.000 billion (down 5.9% year-on-year), operating profit of JPY 600 million (down 3.1%), ordinary profit of JPY 600 million (down 5.9%), and net profit of JPY 350 million (down 12.5%).
• By product category, “DIY goods” recorded sales of JPY 8.283 billion (up 1.4% year-on-year), with strong performance in agricultural materials, hardware, and paint divisions.

Sekichu’s Q2 FY2027 results show a notable increase in operating, ordinary, and net profits despite a decline in operating revenue. This suggests that the company’s profitability improvements may be attributed to factors such as strong sales of higher-margin DIY-related products and increased rental income from tenant attraction. The upward revision of the full-year earnings forecast could indicate a positive outlook based on current business trends.

• Asanuma Corporation announced changes to its share acquisition plan for its subsidiary, SINGAPORE PAINTS & CONTRACTOR PTE. LTD. (SPC).
• The number of shares to be acquired in the second tranche has changed from 100,000 shares to 200,000 shares, resulting in a total post-transfer ownership of 1,000,000 shares, up from 500,000 shares previously.
• The yen-equivalent acquisition price for the first tranche was revised from 516 million yen to 526 million yen (SGD 6,400 thousand).
• The acquisition price for the second tranche has been finalized at SGD 3,253 thousand (398 million yen) (planned), previously undisclosed.
• The execution date for the second share transfer has been postponed from October 2023 to October 2026 (planned).
• Reasons for the changes include an increase in shares due to a capital increase at SPC on November 20, 2023 (free allocation from retained earnings), revision of yen-equivalent amounts based on exchange rates, and postponement due to the impact of the COVID-19 pandemic on SPC’s business environment and the need for proper corporate valuation.
• The company states these changes are already incorporated into the performance forecast for the fiscal year ending March 2027, with a minor impact on consolidated performance.

Asanuma Corporation’s announcement details specific numerical and scheduling adjustments to its SPC share acquisition plan. The increase in the number of shares to be acquired suggests a prior capital increase by SPC, which could be interpreted as preparation for business expansion. The finalization of the second acquisition price and the postponement of the transfer date may indicate a cautious management decision, likely influenced by the impact of the COVID-19 pandemic. Investors may consider monitoring how these changes will affect SPC’s future business developments and Asanuma Corporation’s overall strategy.

• PLANET announced its full-year financial results for the 41st fiscal term (July 2026). Net sales were ¥3,148.9 million (98.4% of plan, ▲0.4% YoY), operating income ¥557.1 million (96.9% of plan, ▲1.2% YoY), ordinary income ¥595.5 million (99.3% of plan, +0.5% YoY), and net income ¥412.3 million (100.6% of plan, +2.9% YoY).
• The slight decrease in net sales was attributed to SKU reduction, product large-sizing, and revised delivery frequencies. These factors led to a slight decline in total data volume for the core EDI, which, despite being offset by new manufacturer acquisitions and sales report expansion, was the primary cause of the revenue decrease.
• The company is focusing on four growth strategies: “Horizontal expansion and deep data utilization of core EDI services into adjacent industries,” “Efficiency improvement for logistics EDI,” “Return workflow system and service for return process DX,” and “Centralized product master data management (Product Registry Service).”
• Regarding “Centralized product master data management,” a new company, PRS Co., Ltd., was established in November 2025 through a joint venture with Arata Corporation and PALTAC Corporation, launching its service in April 2026. As of the end of the 41st term, it had 185 contracted manufacturers, over 110,000 registered SKUs, and 44 utilizing wholesalers.
• For the 42nd fiscal term (July 2027), the company projects net sales of ¥3,195.0 million (+1.5% YoY), operating income of ¥485.0 million (▲13.0% YoY), and net income of ¥355.0 million (▲13.9% YoY). The anticipated decrease in operating income is due to focused investment in next-generation infrastructure R&D and new business areas.

PLANET’s July 2026 financial results indicate that despite a slight decrease in sales due to external factors, the company secured an increase in net income, exceeding its plan, which suggests strong operational management. For the upcoming 42nd fiscal term, the company anticipates a recovery in sales driven by the horizontal expansion and deep data utilization of existing services, along with the full-scale launch of the new “Product Registry Service.” However, the projected temporary decline in operating income due to strategic upfront investments in new businesses warrants monitoring to assess how these investments will translate into future growth.

• Kobe Bussan Co., Ltd. announced on September 29, 2026, the completion of the interim review by certified public accountants for its “Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending October 2026 (Japanese GAAP).”
• There are no changes to the quarterly consolidated financial statements originally disclosed on September 11, 2026.
• For the nine months ended July 31, 2026 (November 1, 2025 – July 31, 2026), consolidated net sales were ¥432,933 million (up 5.2% year-on-year), and operating profit was ¥31,316 million (up 3.2% year-on-year).
• Ordinary profit was ¥34,567 million (down 9.6% year-on-year), and profit attributable to owners of parent was ¥23,354 million (down 10.9% year-on-year).
• The Gyomu Super business recorded sales of ¥415,813 million (up 5.0% year-on-year), with a net increase of 22 stores, bringing the total to 1,144 stores.

The completion of the interim review by certified public accountants confirms the reliability of the financial figures released on September 11. While increased net sales and operating profit indicate business growth, the decline in ordinary profit and net profit may suggest impacts from external factors such as fluctuating exchange rates and rising procurement costs. The steady expansion of the Gyomu Super business could be seen as strengthening the foundation of the company’s core operations.

• Taiyo Yuden announced that its Board of Directors resolved on September 29, 2026, to conclude a basic agreement for a business alliance with TDK Corporation, which was signed on the same date.
• The business alliance primarily focuses on the joint development of electronic components, including Multilayer Ceramic Capacitors (MLCCs) and inductors.
• The alliance aims to meet the rapidly expanding global demand for semiconductors and chipsets for AI data centers and physical AI, driven by the spread of generative AI, by stably and quickly supplying cutting-edge electronic components like MLCCs and inductors, thereby enhancing market competitiveness.
• Moving forward, the two companies will proceed with concrete discussions on collaboration details, including joint development, manufacturing, and procurement coordination, and will also consider the possibility of a future capital alliance.
• The company anticipates that this business alliance will have a minor impact on its performance for the fiscal year ending March 2027, but is expected to contribute to strengthening the Taiyo Yuden Group’s revenue base and enhancing corporate value in the medium term.

This alliance between two major Japanese electronic component manufacturers addresses the growing demand for high-performance electronic components, driven by the rapid advancement of AI technology. The collaboration on MLCCs and inductors could strengthen the domestic industrial base and supply chain resilience in Japan. The mention of a potential future capital alliance suggests a deeper strategic alignment, which may impact the competitive landscape within the electronic components industry.

• Gigworks resolved to expand its shareholder benefit program at a board meeting held on September 29, 2026.
• Shareholders holding 10 units (1,000 shares) or more as of October 31, 2026, will be eligible to choose one of the following new options, in addition to the existing digital gift:
• ① Selectable digital gift “DigiCo” worth JPY 3,000
• ② Children’s gift certificate worth JPY 1,000 and a snack set (planned to be products from Ginbis, known for “Tabekko Doubutsu”)
• ③ “MUGEN FARM” next-generation smart farm vegetable set (worth JPY 3,000 including shipping)
• The existing 20% discount coupon for Japan Direct Co., Ltd.’s website (with a cumulative discount limit of JPY 300,000, for shareholders holding 100 shares or more) will continue.
• The expanded shareholder benefits will apply to shareholders recorded in the shareholder registry as of October 31, 2026.

The expansion of the shareholder benefit program appears to aim at enhancing investment appeal and encouraging long-term shareholding for a wider range of investors. By introducing new options catering to families with children and aligning with SDG principles, the company may be looking to appeal to a broader demographic. This diversification of benefits could potentially serve to strengthen shareholder engagement.

• Hokko Chemical Industry Co., Ltd. resolved to implement an internal group reorganization at its Board of Directors meeting held today.
• This reorganization includes three components: an absorption merger with Biei Hakudo Kogyo Co., Ltd. (with Hokko Chemical as the surviving company), a business transfer of all operations from Hokko Sangyo Co., Ltd. to Hokko Chemical, and an absorption merger with Hokko Pax Co., Ltd. (with Hokko Sangyo as the surviving company).
• The effective date for this reorganization is scheduled for December 1, 2026.
• All absorption mergers are internal group reorganizations conducted without consideration, meaning no allocation of shares or other forms of consideration will occur.
• The stated purpose of this reorganization is to optimize the allocation of business and management functions, aiming to enhance the efficiency of the entire group’s operational structure.

• R-Nippon REIT announced on September 29, 2026, a partial correction to its “FY2026 June Earnings Report (REIT)” originally issued on August 20, 2026.
• The corrections primarily affect page 4, “1. Operations (1) Operations ① Overview of the current period B Investment environment and operating results (c) Operating results a. External growth”, and page 44, “3. Reference Information (1) Information on prices of managed assets, etc. ② Investment assets (c) Major other investment assets b. Overview of tenants, etc.” of the earnings report.
• The total rentable area for the portfolio of 107 properties was corrected from 331,264.29 sqm to 331,269.21 sqm.
• Specifically, the total rentable area and total rental possible area for “C-11 Keiyu Kawagoe Inter Store Land” were adjusted from 5,196.00 sqm to 5,200.92 sqm.
• Other metrics, such as occupancy rate, total number of tenants, and total annual rental income, remain unchanged.

This correction pertains to the total rentable area reported in the earnings summary, a key metric for evaluating the scale of the REIT’s portfolio. The adjustment of a specific property’s area is reflected in the overall aggregate figure, which may be relevant for investors monitoring asset performance. While the impact on overall financial performance appears minor, the accuracy of reported figures is fundamental for investor confidence and informed decision-making.

• Nidec Corporation announced on September 29, 2026, the determined release dates for its Q3 FY2026 Financial Results and FY2026 Full-Year Financial Results.
• The disclosure of both financial reports had been previously delayed, as stated in the announcement dated January 28, 2026, titled “Regarding the disclosure of Q3 FY2026 Financial Results exceeding 45 days after the quarter-end,” and the announcement dated April 27, 2026, titled “Regarding the Postponement of FY2026 Financial Results Announcement.”
• The newly set release date for both financial reports is Wednesday, September 30, 2026.
• The company extended a deep apology to shareholders, investors, and all stakeholders for the inconvenience and concern caused.

This announcement confirms the release date for previously delayed financial information, potentially alleviating some market uncertainty regarding the company’s disclosure schedule. While not revealing financial performance, it addresses a key aspect of corporate transparency. Investors may find it noteworthy as it provides clarity on when to expect the critical financial data.