Japan Stock IR Daily – August 10, 2026 (117 reports)

• Revenue for the first half of 2026 (Jan-Jun) was recorded at ¥503 million, an increase of ¥475 million compared to the same period last year.
• Research and development expenses for the period decreased by ¥251 million from the prior year to ¥766 million.
• Net profit (loss) for the period improved by ¥551 million year-on-year, resulting in a loss of ¥762 million.
• The drug “Telomelysin Inj.” received standard manufacturing and marketing approval in June 2026.
• Telomelysin Inj. is scheduled for national health insurance coverage on August 13, 2026, with sales planned to commence on August 21, 2026.
• Cash and cash equivalents at the end of the interim period increased by ¥1,799 million from the beginning of the period to ¥2,941 million.

The interim results highlight a significant increase in revenue driven by milestone income from manufacturing and marketing approval, contributing to a year-on-year improvement in net loss. The standard approval of “Telomelysin Inj.” and its scheduled insurance coverage and sales launch could be a key factor for the company’s future revenue structure. The increase in cash and cash equivalents may suggest a strengthening of the company’s financial position.

• G-J Frontier has entered into a business alliance agreement with Smart Mobile Communications Corporation (SMC), a consolidated subsidiary of Applix Corporation.
• The alliance was resolved at a management meeting held on August 10, 2026, with the agreement signed and the alliance commencing on the same day.
• The purpose of this alliance is to expand sales and strengthen the operational structure of “SOKUYAKU Premium,” the subscription plan for G-J Frontier’s online medical service “SOKUYAKU.”
• SMC will utilize its nationwide sales network and operational infrastructure to promote the expansion of “SOKUYAKU Premium,” aiming to acquire new members and enhance service recognition.
• SMC will also undertake primary contact responsibilities for “SOKUYAKU Premium,” including application reception, account issuance, billing and collection, inquiry handling, and cancellation processing.

This alliance suggests G-J Frontier aims to expand its business foundation for “SOKUYAKU Premium” and increase revenue opportunities. By leveraging SMC’s nationwide sales network and operational expertise, G-J Frontier could accelerate new member acquisition and streamline operational efficiency, potentially strengthening its competitive position in the online medical market. The initiative also indicates a strategic push to enhance healthcare access for a broader range of consumers and corporate clients, thereby supporting sustainable growth.

• Smart Mobile Communications Co., Ltd. (SMC), a consolidated subsidiary of G-APLIX Inc., has entered into a business alliance agreement with J-FRONTIA Co., Ltd.
• The alliance focuses on “SOKUYAKU Premium,” a solution provided by J-FRONTIA for partner companies, which is part of their “SOKUYAKU” online medical consultation, medication guidance, and delivery platform.
• SMC will be responsible for sales and promotion of “SOKUYAKU Premium” (via its agent network), fee collection and billing, application reception and account issuance, and acting as the primary point of contact for inquiries and cancellations.
• J-FRONTIA will provide online medical consultation, medication guidance, and drug delivery services, operate the service platform, and handle technical inquiries regarding service content.
• This matter was voluntarily disclosed as useful information, although it does not meet the Tokyo Stock Exchange’s criteria for timely disclosure.

This business alliance appears to leverage G-APLIX Group’s telecommunications service sales network with J-FRONTIA’s online medical platform, potentially creating new market opportunities. SMC’s role in sales and customer support for “SOKUYAKU Premium” may suggest an expansion into the medical DX market. While the alliance is expected to contribute to earnings in the mid-to-long term, its impact on the current fiscal year’s performance is stated to be minor.

• Artience announced its consolidated financial results for the first half of the fiscal year ending December 2026. Net sales increased by 12.4% year-on-year to ¥189.7 billion, operating profit rose by 34.1% to ¥12.6 billion, ordinary profit by 69.4% to ¥14.6 billion, and net profit attributable to parent company shareholders surged by 150.9% to ¥13.7 billion.
• All business segments (Colorants & Functional Materials, Polymers & Coatings, Packaging, Printing & Information) reported increased revenue and profit.
• The company addressed the significant rise in raw material prices due to the Middle East situation (naphtha price rose to ¥118,900/KL in Q2) through diversified procurement, collaboration with suppliers and customers, prompt price revisions, and cost reductions. The estimated impact of raw material price increases rose from approximately ¥12.0 billion to ¥17.0 billion but is expected to be absorbed.
• Net profit attributable to parent company shareholders includes ¥5.1 billion in gains on the sale of investment securities due to the reduction of shareholdings.
• The full-year FY2026 consolidated earnings forecast and dividend forecast remain unchanged, projecting net sales of ¥360.0 billion, operating profit of ¥23.0 billion, ordinary profit of ¥22.5 billion, and net profit attributable to parent company shareholders of ¥21.0 billion, which includes an anticipated ¥7.8 billion from investment securities sales.

The first-half results highlight the company’s ability to achieve profit growth despite rising raw material costs driven by external geopolitical factors, primarily through price revisions and cost management. The consistent revenue and profit growth across all business segments may suggest broad operational strength. Maintaining the full-year forecast, even with an anticipated increase in raw material impact in the second half, could indicate confidence in their ongoing strategies to mitigate these challenges.

• GXUS REIT 20 announced its financial results for the June 2026 fiscal period (December 25, 2025 – June 24, 2026) on August 10, 2026.
• As of the end of the current period (June 24, 2026), net assets totaled ¥230 million (compared to ¥280 million at the end of the prior period), with principal investments at ¥224 million (constituting 97.3% of assets).
• The net asset value per 100 units was ¥131,950 (compared to ¥112,129 at the end of the prior period).
• The distribution per 100 units was ¥800 (compared to ¥600 at the end of the prior period).
• The number of outstanding units at the end of the current specific period was 175 thousand units (compared to 250 thousand units at the end of the prior period).

The financial results for GXUS REIT 20 for the June 2026 period show a decrease in net assets, while the net asset value per 100 units and distributions per 100 units both increased. This could be influenced by a reduction in outstanding units and a significant improvement in securities trading gains/losses, which turned from a deficit of △¥14,049,845 in the prior period to a gain of ¥43,299,306 in the current period. Investors may find it worth monitoring these changes in key indicators and the composition ratio of principal investment assets.

• JOYL reported consolidated net sales of ¥60.18 billion (106.9% year-on-year) and consolidated operating income of ¥1.57 billion (156.7% year-on-year) for the first quarter of the fiscal year ending March 2027.
• Revenue growth was driven by price revisions and increased sales volume, while profit growth was attributed to the progress of price revisions and expansion of high-value-added products.
• By segment, the Oils and Fats business recorded net sales of ¥55.42 billion (107.8% year-on-year) and operating income of ¥1.22 billion (155.3% year-on-year), showing both revenue and profit growth. The Specialty Food business also saw an increase in operating income to ¥0.30 billion (172.4% year-on-year).
• The full-year consolidated performance forecast for the fiscal year ending March 2027 remains unchanged from the initial projection, with net sales of ¥243.0 billion and operating income of ¥5.5 billion.
• Sales of high-value-added products, including the “Long-lasting Oil SUSTEC® Series,” totaled ¥18.62 billion (104.3% year-on-year) with a gross profit margin of 20.2%.

The achievement of increased revenue and profit in the first quarter may suggest the effectiveness of price revisions and the expansion of high-value-added product sales. However, the decision to maintain the full-year forecast could indicate ongoing concerns regarding potential increases in raw material, logistics, and material costs, making the company’s response to future cost environments a point worth monitoring.

• G-GRAND announced its consolidated financial results for the second quarter (interim) of the fiscal year ending December 2026.
• Net sales were JPY 1,450 million, a 0.1% increase compared to the same period in the previous year.
• Operating profit amounted to JPY 15 million (compared to an operating loss of JPY 61 million in the prior year period), and ordinary profit was JPY 8 million (compared to an ordinary loss of JPY 60 million in the prior year period), both turning profitable from losses.
• Net income attributable to owners of parent was JPY 20 million (compared to a loss of JPY 75 million in the prior year period).
• Basic earnings per share (interim) were JPY 5.08 (compared to JPY △18.46 in the prior year period).
• The equity ratio improved to 52.4% from 48.4% at the end of the previous fiscal year.
• By segment, Real Estate Sales recorded sales of JPY 784 million (down 7.6% year-on-year) and segment profit of JPY 40 million (down 51.1% year-on-year).
• Construction Contracting recorded sales of JPY 711 million (up 18.3% year-on-year) and segment profit of JPY 25 million (compared to a segment loss of JPY 49 million in the prior year period), turning profitable.

G-GRAND’s Q2 FY2026 results show a significant turnaround in profitability, with operating profit, ordinary profit, and net income attributable to owners of parent shifting from losses to gains despite a modest increase in net sales. The improvement in the Construction Contracting segment’s profitability appears to be a key driver for the overall positive performance, offsetting a decline in profit margins within the Real Estate Sales segment. The enhanced equity ratio may suggest a strengthening of the company’s financial stability.

• Round One reported consolidated revenue of ¥51,377 million for the first quarter of the fiscal year ending March 2027 (April 1, 2026 – June 30, 2026), marking an 18.2% increase compared to the same period of the previous year.
• Operating profit reached ¥6,339 million, an increase of 4.3% year-on-year.
• Pre-tax quarterly profit was ¥5,267 million (up 2.1% YoY), while quarterly profit attributable to owners of the parent was ¥3,368 million (down 1.1% YoY).
• In the Japan segment, bowling revenue increased by 11.3% YoY, amusement revenue by 21.3% YoY, karaoke revenue by 14.8% YoY, and Spo-cha revenue by 13.7% YoY.
• The U.S. segment saw bowling revenue increase by 15.2% YoY, amusement revenue by 20.7% YoY, food & beverage and other revenue by 25.3% YoY, and Spo-cha revenue by 7.8% YoY.

The increase in revenue and operating profit, alongside a slight decrease in profit attributable to owners of the parent, may be a point of interest for investors. The detailed revenue growth across various business segments, both domestic and international, particularly in amusement, suggests robust operational performance. Given that the full-year forecast remains unchanged, the performance in subsequent quarters will be worth monitoring.

• Sanwa Holdings announced on August 10, 2026, the completion of the review of its Q1 FY2027 consolidated financial results by certified public accountants.
• There are no changes to the consolidated financial statements that were originally disclosed on July 31, 2026.
• For the first quarter of FY2027 (April 1, 2026, to June 30, 2026), consolidated net sales were ¥140,400 million (down 0.3% year-on-year), operating profit was ¥5,878 million (down 40.8%), ordinary profit was ¥6,651 million (down 36.1%), and profit attributable to owners of parent was ¥4,842 million (down 32.9%).
• As for the consolidated financial position, total assets stood at ¥529,257 million, net assets at ¥341,234 million, and the equity ratio at 64.0%.
• The forecast for the annual dividend for FY2027 remains unchanged at ¥146.00 per share (ordinary dividend ¥132.00, commemorative dividend ¥14.00).
• During the cumulative first quarter, the scope of consolidation significantly changed, with the addition of Your Automatic Door Company and the exclusion of Overhead Door Inc. and Novoferm Siebau GmbH.

The completion of the interim review by certified public accountants without changes to previously released figures provides assurance regarding the accuracy of the financial disclosure. While revenue saw a minor decline, the notable double-digit decreases in various profit metrics could suggest challenges from cost structures or market conditions. Furthermore, the decrease in the average number of shares outstanding for the quarter may indicate ongoing capital management activities worth monitoring for investors.

• KVK Co., Ltd. announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026 to June 30, 2026).
• Net sales increased by 5.6% year-on-year to ¥8,195 million.
• Operating income decreased by 63.4% year-on-year to ¥273 million.
• Ordinary income was ¥626 million, a decrease of 21.3% year-on-year. Net income attributable to owners of parent was ¥389 million, a decrease of 27.5% year-on-year.
• The company attributed the decline in operating income to high raw material prices, particularly copper, and a sharp depreciation of the yen leading to increased component costs.
• The consolidated earnings forecasts for the full fiscal year ending March 2027 and the cumulative second quarter remain unchanged from the forecast announced on May 15, 2026.

While net sales showed an increase, the significant decline in operating income suggests that rising raw material costs and the depreciating yen are impacting profitability. The smaller decline in ordinary income, partly due to a gain on the sale of investment securities, highlights the pressure on core business earnings. With the full-year forecast remaining unchanged, the effectiveness of future price revisions and cost reduction measures will be a key area for investors to monitor.

• Riken Keiki announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026 – June 30, 2026).
• Consolidated net sales totaled ¥15,203 million, an increase of 12.2% compared to the same quarter of the previous year.
• Consolidated operating profit reached ¥3,083 million, up 3.2% year-on-year.
• Net income attributable to owners of the parent was ¥2,415 million, representing a 13.0% increase from the prior year’s first quarter.
• By product category, sales of portable gas detection and alarm devices were ¥5,743 million (up 28.0% year-on-year). Fixed gas detection and alarm devices recorded ¥9,088 million (up 3.6%), and other measuring devices ¥371 million (up 24.5%).
• The consolidated full-year earnings forecast and dividend forecast for the fiscal year ending March 2027 remain unchanged from the most recently announced figures.

Riken Keiki’s first-quarter results for FY2027 indicate a solid start, with increases across all key profitability metrics, including net sales, operating income, ordinary income, and net income attributable to parent. The significant growth in portable gas detection and alarm devices may suggest robust demand in that specific market segment. With the full-year forecast remaining unchanged, the company appears to be either already factoring in the strong Q1 performance or maintaining a cautious outlook for the remainder of the fiscal year.

• Sony Financial Group announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026 – June 30, 2026).
• Operating revenue increased by 10.5% year-on-year to ¥268,033 million.
• Profit attributable to owners of the parent turned positive at ¥9,160 million, a significant improvement from a loss of ¥24,492 million in the same period last year.
• Pre-tax profit was ¥13,723 million, improving substantially from a pre-tax loss of ¥34,105 million in the prior year.
• All business segments—life insurance, non-life insurance, and banking—reported increased pre-tax profits. Life insurance business posted ¥1.6 billion (vs. ¥41.1 billion loss in prior year), non-life insurance ¥6.8 billion (up 42.0% YoY), and banking ¥6.0 billion (up 117.0% YoY).
• The full-year consolidated earnings forecast for FY2027 was announced with operating revenue of ¥1,070,000 million (up 5.2% YoY) and profit attributable to owners of the parent of ¥23,000 million. This full-year forecast includes a revision from the most recently published outlook.

The turnaround from a net loss to profit attributable to owners of the parent, driven by improved pre-tax profits across all core segments—life insurance, non-life insurance, and banking—may suggest a broad-based recovery in the group’s performance. The upward revision in the full-year earnings forecast could also indicate management’s confidence in sustained operational improvements, which investors may find noteworthy.

• Daiei Kankyo announced its financial results for the first quarter of the fiscal year ending March 2027.
• Consolidated net sales reached ¥24,136 million (up 20.6% year-on-year), operating profit was ¥5,598 million (up 31.4% year-on-year), and EBITDA was ¥8,778 million (up 43.0% year-on-year).
• Progress rates against the full-year plan were: net sales 25.7% (first half progress 52.1%), operating profit 23.0% (first half progress 49.5%), and EBITDA 23.7% (first half progress 50.5%).
• Key initiatives included the full operation start of the plastic recycling facility in April 2026 and the commencement of the Aioi PPP construction in May 2026.
• The acquisition of Scarab Sacle Co., Ltd. contributed to consolidated performance, expanding the business area into the Kyushu-Okinawa region and increasing planned annual landfill volume and remaining capacity.

Daiei Kankyo’s Q1 results show significant year-on-year growth across net sales and all profit metrics, which may suggest a combination of solid performance from existing operations and strategic acquisitions. The progress rates against the full-year plan appear to be generally in line with a typical quarterly distribution. Investors might want to monitor the ongoing developments of the “D-Plan 2028” revised medium-term management plan and the continued execution of Public Private Partnership (PPP) projects as key drivers for future performance.

• Nikken Kogaku announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026 – June 30, 2026).
• Net sales for the period were ¥1,323 million, a decrease of 0.1% compared to the same period of the previous year.
• Operating profit stood at ¥84 million, a significant increase from ¥7 million in the prior year’s first quarter.
• Ordinary profit reached ¥184 million, marking a 527.3% increase year-over-year.
• Net profit attributable to owners of parent was ¥113 million, up from ¥2 million in the prior year’s first quarter.
• The formwork rental business segment recorded sales of ¥383 million (up 22.4% YoY) and an operating profit of ¥30 million, compared to an operating loss of ¥29 million in the prior year.
• The full-year consolidated earnings forecast for FY2027 remains unchanged, projecting sales of ¥6,700 million, operating profit of ¥500 million, ordinary profit of ¥570 million, and net profit attributable to owners of parent of ¥350 million.

Nikken Kogaku’s Q1 FY2027 results show a substantial improvement in profitability, with operating, ordinary, and net profits significantly outpacing the prior year, despite a slight decline in net sales. The strong performance of the formwork rental business, which moved from an operating loss to a profit, appears to be a key driver of this growth. The unchanged full-year forecast may suggest that the company considers the first quarter’s positive performance to be in line with its internal projections for the fiscal year.

• AI Fusion Capital Group (AI Fusion CG) announced today, August 10, 2026, the settlement of a dispute related to its acquisition of shares in Franchise Business Incubation Inc. (FBI), with shareholders other than the original transferring shareholders.
• On April 10, 2026, the Tokyo District Court issued a provisional injunction prohibiting the original transferring shareholders from transferring FBI shares.
• Under the settlement, AI Fusion CG will acquire, for consideration, the remaining 42% of FBI’s outstanding shares held by the other shareholders.
• This acquisition increases AI Fusion CG’s ownership stake in FBI from 58% to 100% as of August 10, 2026, making FBI a wholly-owned subsidiary.
• The details of the settlement, including the acquisition price, are not publicly disclosed due to a confidentiality clause.

The settlement and subsequent full acquisition of FBI by AI Fusion CG remove the uncertainty surrounding the initial share transfer. This consolidation of ownership could enable more streamlined decision-making and better integration of FBI’s operations within AI Fusion CG. Investors may wish to monitor future disclosures regarding the impact on non-controlling interests and consolidated earnings.

• LINK & M Inc. has announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending December 2026.
• Revenue was reported at ¥22,269 million, representing an 11.7% increase compared to the prior interim period.
• Operating profit reached ¥3,234 million (up 2.2% year-on-year), and interim profit attributable to owners of the parent was ¥1,823 million (up 1.4% year-on-year).
• The “Consulting & Cloud Business” segment reported revenue of ¥7,008 million (109.2% year-on-year), with a notable increase in monthly fees for “Motivation Cloud.”
• There are no revisions to the consolidated full-year earnings forecast or the annual dividend forecast for the fiscal year ending December 2026.

LINK & M’s interim results for fiscal year 2026 indicate robust performance with double-digit revenue growth and an increase in operating profit. The strong performance of its core “Motivation Cloud” service may suggest the company’s strategy is effectively addressing the growing demand for human capital management solutions. With performance progressing as expected against the full-year forecast, future developments are worth monitoring.

• Nafco’s consolidated results for the first quarter of fiscal year 2027 (April 1, 2026 – June 30, 2026) show operating revenue of ¥47,451 million (100.8% YoY) and net sales of ¥47,239 million (100.8% YoY).
• Operating profit was ¥1,701 million (93.3% YoY) and ordinary profit was ¥1,624 million (90.4% YoY), indicating a decrease compared to the previous year’s first quarter.
• Conversely, quarterly net profit increased to ¥905 million (118.2% YoY).
• Gross profit struggled due to adverse weather in June, contrasting with the previous year’s dry and hot conditions, leading to a significant sales decrease.
• Selling, general, and administrative expenses amounted to ¥14,382 million (97.3% YoY), with ongoing benefits from a review of logistics operations.
• By segment, sales for “Materials, DIY, and Gardening Supplies” were ¥24,000 million (101.8% YoY), “Household Goods” were ¥11,700 million (101.4% YoY), and “Furniture and Home Fashion Goods” were ¥7,500 million (97.8% YoY).
• One new store, “Iwaki Onahama,” opened in Fukushima in April 2026, and the “Moriyama” store in Aichi underwent renovation.
• As of the end of June 2026, the number of municipalities with disaster relief supply agreements reached 355.
• Following the “Reiwa 8 Kumamoto Earthquake,” 12 out of 29 stores in Kumamoto Prefecture temporarily closed or had sales restrictions, but all stores resumed sales by July 31.

Nafco’s Q1 FY2027 results show a mixed performance, with a slight increase in net sales but a decline in operating and ordinary profits, while net profit significantly increased. This outcome appears to be driven by a decrease in gross profit coupled with a reduction in selling, general, and administrative expenses. Investors may want to monitor how the company addresses profitability improvements through product mix, sales strategies, and its recovery from the impact of recent natural disasters.

• KLab announced its financial results for the second quarter of the fiscal year ending December 2026.
• Revenue for Q2 reached ¥3,263 million, marking a 91.3% increase quarter-on-quarter and a 113.9% increase year-on-year.
• Operating profit for Q2 alone was ¥493 million, offsetting the Q1 loss and resulting in a cumulative H1 profit of ¥39 million.
• The game “Dragon Quest Smash Grow (DQ Sumaguro),” released on April 21, 2026, saw a strong launch and contributed significantly to revenue.
• “My Hero Academia UNITED SURVIVAL (HiroSava)” launched globally (excluding mainland China) on August 6, 2026.

The robust performance of “DQ Sumaguro” appears to be a primary driver behind the substantial increase in revenue and the return to profitability in the operating segment for Q2. This recovery, leading to a cumulative positive operating profit for the first half, may suggest a significant turnaround from Q1. Investors may now focus on the potential revenue contribution from the newly launched “HiroSava” in upcoming quarters.

• DIC Corporation resolved on August 10, 2026, to revise its year-end dividend forecast for the fiscal year ending December 2026 (increased dividend).
• The revised year-end dividend forecast per share for FY2026 is JPY 80, representing an increase of JPY 10 from the previous forecast of JPY 70.
• Consequently, the annual dividend forecast has been revised to JPY 150 (previously JPY 140).
• The revision is based on the new shareholder return policy announced on February 16, 2026 (minimum dividend of JPY 120 per share, total return ratio of 40% or more), and considers the outlook for full-year operating results for FY2026 to exceed initial plans.
• Concurrently, a share buyback program with an upper limit of JPY 10 billion was approved to steadily execute the total return ratio policy of 40% or more.

DIC Corporation appears to be reinforcing its commitment to shareholder returns, aligning with its new shareholder return policy, by increasing dividends and implementing a share buyback in response to an upward revision in its earnings outlook. This move can be interpreted as a direct linkage of profit growth to shareholder distributions, reflecting the company’s proactive approach. The announcement may signal a firm dedication to enhancing shareholder value.

• On August 10, 2026, TDC SOFT announced a file replacement for the “Supplemental Materials for the First Quarter of the Fiscal Year Ending March 2027” that was initially released on August 5, 2026.
• The reason for the replacement was insufficient verification of usage conditions for some figures in the disclosed document.
• The content of the attached financial results, including figures and text, remains unchanged from the originally disclosed version.
• For the first quarter of the fiscal year ending March 2027 (April 1, 2026, to June 30, 2026), consolidated results showed net sales of 11,808 million JPY (up 4.0% year-on-year), operating income of 1,203 million JPY (down 4.3% year-on-year), and net income attributable to owners of parent of 894 million JPY (down 12.0% year-on-year).
• The company reported proactive investments in marketing for services like private AI (Nenoa) and legacy system modernization (Movina), as well as human resource development in advanced technologies including AI.

This IR primarily addresses a technical correction regarding image usage in the financial supplement, clarifying that the actual financial results remain unchanged. Investors may focus on the reported increase in revenue and decrease in profit for Q1 FY2027, which is attributed to aggressive investments for future business expansion, particularly in AI-related services. The company’s emphasis on AI utilization, including “Nenoa” and “AI-Native” initiatives, and its detailed AI growth strategy, could be worth monitoring as a key driver for long-term value.

• Consolidated net sales for the first quarter of FY2027 reached ¥6,781 million, marking a 12.3% increase year-on-year.
• Operating profit was ¥1,910 million (up 10.5% YoY), and ordinary profit was ¥1,921 million (up 9.7% YoY).
• Net income attributable to owners of parent decreased by 7.1% year-on-year to ¥1,274 million.
• Orders received totaled ¥7,214 million, an increase of 17.0% year-on-year, setting new consecutive records for both orders and sales.
• The Product business segment reported sales of ¥2,739 million (up 40.2% YoY) and segment profit of ¥1,159 million (up 52.9% YoY), indicating significant growth.

BeeEngine’s Q1 FY2027 results show strong growth in net sales, operating profit, and ordinary profit, primarily driven by the robust performance of its Product business segment. The decline in net income attributable to owners of parent is attributed to a reactionary decrease following a special gain recorded in the previous fiscal year, suggesting that core business profitability remains solid. The record-high order intake could indicate a positive outlook for future revenue growth.

• Suruga Bank announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026 – June 30, 2026) on August 10, 2026.
• In consolidated operating results, ordinary revenues increased by 42.6% year-on-year to ¥37,105 million, and ordinary profit surged by 207.7% year-on-year to ¥20,521 million.
• Net profit attributable to parent company shareholders rose by 158.5% year-on-year to ¥14,086 million.
• In the consolidated financial position, the loan balance increased by ¥12,070 million from the end of the previous fiscal year, reaching ¥2,410,864 million. The deposit balance decreased by ¥6,919 million to ¥3,190,303 million.
• The consolidated earnings forecast and annual dividend forecast (¥30.00 at year-end, ¥60.00 total) for the fiscal year ending March 2027 remain unchanged from the most recently published figures.

Suruga Bank’s Q1 FY2027 results show a significant increase in ordinary revenues and profit, which may be attributed to a rise in interest on loans and a reversal of allowance for loan losses. The simultaneous increase in loans and decrease in deposits could suggest a shift in the bank’s funding and lending strategy. With no revision to the full-year earnings forecast, the company appears to maintain its initial projections or is adopting a cautious stance despite the strong quarterly performance.

• G-IBIS Co., Ltd. announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending December 2026.
• Consolidated net sales for the interim period reached ¥3,008 million, marking a 26.5% increase compared to the same period of the previous year.
• Operating profit was reported at ¥636 million (+11.1% YoY), and ordinary profit at ¥653 million (+14.3% YoY).
• Net income attributable to owners of parent amounted to ¥456 million, an increase of 19.6% year-on-year.
• The full-year consolidated earnings forecast remains unchanged, projecting net sales of ¥5,454 million (+9.0% YoY) and net income of ¥940 million (+10.8% YoY).

G-IBIS’s Q2 results indicate robust growth, with double-digit increases across revenue and all profit categories, notably a more than 20% rise in sales. This performance appears to be driven by the expanding user base of its mobile paint app “ibisPaint” series, as well as the consolidated contributions from the acquired TECHNOSPEECH Co., Ltd. and the merged Zeroichi Start Co., Ltd. Investors may wish to monitor whether these business segments can sustain this growth momentum moving forward.

• FCE Co., Ltd. revised its consolidated earnings forecast for the fiscal year ending September 2026 (October 1, 2025 – September 30, 2026).
• Net profit attributable to owners of parent was revised upwards from JPY 865 million to JPY 910 million, an increase of JPY 45 million or 5.2%.
• Sales, operating profit, and ordinary profit forecasts remained unchanged from the previous announcement.
• The revision is attributed to the recognition of extraordinary gains from the sale of a portion of investment securities and a reassessment of tax calculations.
• The year-end dividend forecast for the fiscal year ending September 2026 was revised upwards by JPY 1.00, from JPY 10.00 to JPY 11.00 per share.

The upward revision of the consolidated earnings forecast, while confined to net profit attributable to owners of parent, is specifically driven by extraordinary gains from asset sales and tax reassessments. The decision to maintain sales, operating profit, and ordinary profit forecasts suggests a balanced view, considering strong performance in the DX promotion and new AI-related businesses against some underperformance in educational training and planned additional investments for future growth. The increased year-end dividend proposal aligns with the revised earnings forecast and the company’s stated policy of aiming for a dividend payout ratio of approximately 25%, reinforcing its commitment to shareholder returns.

• Daiki Axis announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending December 2026.
• Net sales amounted to JPY 25,606 million, marking a 9.0% increase compared to the same period of the previous year.
• Operating profit reached JPY 1,093 million, a significant 108.2% increase year-on-year, while ordinary profit was JPY 1,076 million, up 82.5% year-on-year.
• Net profit attributable to owners of parent increased by 215.0% to JPY 556 million.
• Interim net income per share was JPY 41.96.
• The annual dividend forecast remains unchanged at JPY 24.00 per share (interim JPY 12.00, year-end JPY 12.00).
• The full-year consolidated earnings forecast is maintained with net sales of JPY 50,000 million (up 3.5% year-on-year), operating profit of JPY 1,450 million (up 14.0%), ordinary profit of JPY 1,350 million (up 3.7%), and net profit attributable to owners of parent of JPY 540 million (up 17.0%).
• Special gains primarily include a profit on sale due to the company split and share transfer of the purified bottled water business.
• The Environmental Equipment business segment reported sales of JPY 12,494 million (up 2.3% year-on-year) and segment profit of JPY 1,131 million (up 20.3% year-on-year).

Daiki Axis’s Q2 FY2026 results demonstrate robust growth across sales and all profit metrics, significantly outperforming the prior year. The substantial increase in operating profit (108.2%) and net profit attributable to the parent company (215.0%) appears to be driven by successful pass-through of increased costs to sales prices and company-wide cost reduction efforts. As the full-year forecast remains unchanged despite strong interim performance, investors may monitor the company’s ability to sustain this momentum into the second half.

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

• Kyowa Corporation reported consolidated net sales of 7,383 million yen for the first quarter of the fiscal year ending March 2027 (April 1, 2026 – June 30, 2026), marking a 69.4% increase year-on-year.
• Operating profit for the same period was 756 million yen (+216.9% YoY), and ordinary profit reached 788 million yen (+236.6% YoY).
• Net income attributable to owners of the parent stood at 459 million yen (+221.9% YoY).
• The Amusement Facilities Operation segment recorded sales of 5,085 million yen (+26.4% YoY) and segment profit of 541 million yen (+49.4% YoY), with 3 new stores opened, bringing the total to 76 stores.
• The Amusement Equipment Sales segment reported sales of 292 million yen (+244.1% YoY) and segment profit of 85 million yen (+47.3% YoY).
• The Other Businesses segment saw sales of 2,005 million yen (+704.5% YoY) and segment profit of 320 million yen (+3854.2% YoY), attributed to contributions from newly consolidated subsidiary Doraku Co., Ltd. and strong sales from Bloom Co., Ltd.

Kyowa Corporation’s Q1 results indicate significant growth across sales and profit metrics, suggesting an acceleration in the company’s overall business expansion. The substantial contributions from the newly consolidated subsidiary, Doraku Co., Ltd., and strong sales from Bloom Co., Ltd. appear to be key drivers of this performance. The solid performance of the Amusement Facilities Operation segment, stemming from both existing and new stores, also seems to underpin the group’s robust foundation.

• Basic Inc. reported net sales of 591 million JPY for Q2 FY2026, marking a decrease compared to the previous quarter.
• Operating profit for the quarter was 48 million JPY, aligning with plans despite increased advertising and recruitment expenses.
• Recurring subscription revenue, which constitutes approximately 80% of sales, showed solid growth, reaching 1.2 billion JPY for the first half.
• Solution revenue (non-recurring), particularly in content creation, was impacted by the advancement of AI and experienced a decline.
• Four new products – ferret SFA/CRM, Sales Agent, askrun, and faqrun – were successively released, initiating the “Suite Concept” earlier than anticipated.

Basic Inc.’s Q2 FY2026 results highlight a dual dynamic: a quarter-over-quarter sales decrease, primarily attributed to the impact of AI on non-recurring solution revenue, alongside an operating profit that met expectations. The stable growth in subscription revenue suggests a resilient core business model. The early launch of four new products under the “Suite Concept” may indicate the company’s strategic pivot towards integrated offerings and an attempt to counter the declining non-recurring revenue, which could be a key area for investors to monitor in the coming quarters.

• Shinwa Co., Ltd. announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026, to June 30, 2026).
• Revenue reached JPY 4,941 million, marking a 9.2% increase year-on-year.
• Operating profit was JPY 722 million (up 5.9% year-on-year), and pre-tax profit was JPY 672 million (up 6.3% year-on-year).
• Profit attributable to owners of the parent significantly increased by 26.9% year-on-year to JPY 560 million.
• Basic earnings per share for the quarter were JPY 41.33.
• The consolidated full-year earnings forecast for the fiscal year ending March 2027 and the annual dividend forecast (JPY 18.00 at year-end, total JPY 36.00) remain unchanged from the most recently published figures.
• There were no significant changes in the scope of consolidation, accounting policies, or accounting estimates during this first quarter.

Shinwa’s Q1 FY2027 results demonstrate solid growth in revenue and all profit categories, with a particularly strong increase in profit attributable to owners of the parent. This performance suggests positive contributions from increased high-value-added projects in both the temporary construction materials and logistics equipment divisions, expanded rental and construction services, and ongoing cost reduction efforts. As the full-year earnings forecast remains unchanged, investors may focus on how these positive trends develop in subsequent quarters.

• Central Glass Co., Ltd. has announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026, to June 30, 2026).
• Consolidated net sales amounted to ¥37,763 million, marking a 13.2% increase year-on-year.
• Consolidated operating profit was ¥3,958 million, an increase of 149.4% compared to the same period last year.
• Consolidated ordinary profit reached ¥4,875 million, up 173.7% year-on-year.
• Net profit attributable to owners of the parent company increased by 368.3% to ¥3,906 million.
• By segment, Electronic Materials sales rose 23.5% to ¥7,494 million with operating profit up 110.8% to ¥2,134 million.
• Energy Materials sales increased 81.5% to ¥3,881 million, and the operating loss improved to ¥832 million (from ¥1,073 million loss in prior year).
• Life & Healthcare sales grew 4.7% to ¥10,055 million with operating profit up 74.0% to ¥1,657 million.
• Glass segment sales increased 5.1% to ¥15,031 million with operating profit up 47.7% to ¥931 million.
• The consolidated full-year forecast for March 2027 remains unchanged from the most recent announcement, with net sales at ¥167,500 million, operating profit at ¥11,000 million, ordinary profit at ¥11,300 million, and net profit attributable to owners of the parent at ¥8,000 million.

Central Glass’s first-quarter results for the fiscal year ending March 2027 show significant growth across net sales and all profit metrics. The widespread increase in sales across all key segments, including Electronic Materials, Energy Materials, Life & Healthcare, and Glass, suggests a robust performance across the company’s diverse operations. The substantial improvement in profitability compared to the prior year may be attributed to ongoing efficiency and rationalization efforts, coupled with appropriate adjustments in selling prices for certain products and the impact of the weaker yen.

• Sawai Group Holdings announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026, to June 30, 2026).
• Revenue increased by 4.3% year-on-year to ¥51,622 million.
• Operating profit decreased by 29.0% year-on-year to ¥4,953 million, and pre-tax profit decreased by 34.7% to ¥4,445 million.
• Profit attributable to owners of the parent decreased by 50.3% year-on-year to ¥2,429 million.
• Core operating profit, based on IFRS, was ¥6,425 million, a decrease of 15.4% year-on-year.
• The full-year consolidated earnings forecast and dividend forecast (¥56.00 per share annually) remain unchanged from the most recently published figures.

While revenue shows an increase, the significant decline in various profit metrics compared to the previous year’s first quarter suggests a potential area of focus regarding profitability trends. The decrease in core operating profit, which the company uses as an indicator of recurring profitability, could be a key point for investors to evaluate. With the full-year earnings forecast maintained, performance in subsequent quarters will likely be closely monitored for potential recovery.

• P-Fuji Kosan announced its non-consolidated financial results for the fiscal year ended June 30, 2026 (July 1, 2025 to June 30, 2026).
• Net sales reached ¥8,089 million, marking a 2.1% increase compared to the previous fiscal year.
• Operating profit stood at ¥513 million (up 34.7% year-on-year), ordinary profit at ¥329 million (up 48.7%), and net profit at ¥225 million (up 122.7%).
• Diluted earnings per share were ¥112.75 (calculated considering the stock split on April 14, 2026).
• As of the end of the fiscal year, total assets were ¥8,659 million, net assets were ¥1,471 million, and the equity ratio was 17.0%.
• A year-end dividend of ¥19.00 per share was announced for the fiscal year ended June 2026.

The significant growth in all profit categories, despite a modest increase in net sales for FY2026, could be a key focus for investors, potentially indicating improved profitability. This aligns with the company’s statement regarding the steady progress in strengthening its revenue structure. The increase in total assets, particularly in real estate for sale, may be worth monitoring as it could reflect future business development and asset utilization strategies.

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

• Riken NPR announced on August 10, 2026, the completion of the interim review by certified public accountants for its Q1 FY2027 Consolidated Financial Results (Japanese GAAP).
• The content of the quarterly consolidated financial statements announced on August 7, 2026, remains unchanged.
• For Q1 FY2027 (April 1, 2026, to June 30, 2026), consolidated net sales were ¥40.31 billion (up 1.4% year-on-year), operating income was ¥1.57 billion (down 51.9%), ordinary income was ¥2.80 billion (down 35.7%), and net income attributable to owners of parent was ¥3.07 billion (down 5.0%).
• By segment, piston ring business sales were ¥14.02 billion (down 13.1% year-on-year), and precision parts and material-related business sales were ¥15.51 billion (up 6.2%).
• Factors contributing to the decrease in operating income include a decline in real sales excluding exchange rate effects, as well as an increase in various expenses, including temporary cost increases due to the review and unification of accounting policies and changes in accounting treatment following the integration implemented in April 2026.

The completion of the interim review by certified public accountants provides assurance regarding the reliability of the disclosed financial information. While sales increased, the significant decline in operating income is attributed to temporary cost increases stemming from accounting policy changes and integration, a factor worth monitoring in subsequent quarters. The contrasting performance between the piston ring business (decreased sales) and the precision parts and material-related business (increased sales) may suggest shifts in the company’s business structure.

• Taihei Seisakusho announced its consolidated financial results for the first quarter of the fiscal year ending March 2027.
• Revenue for the quarter was ¥2,090 million, marking a 6.9% increase compared to the same period of the previous year.
• Operating profit reached ¥342 million (up 49.1% YoY), ordinary profit ¥346 million (up 51.4% YoY), and net profit attributable to owners of parent ¥230 million (up 64.7% YoY).
• By segment, the Plywood Machine Business reported sales of ¥1,369 million (up 16.7% YoY), and the Woodworking Machine Business recorded an operating profit of ¥139 million (up 473.2% YoY).
• The company established a new subsidiary, Shirakawa Forestry Co., Ltd., effective July 3, 2026.

Taihei Seisakusho’s Q1 FY2027 results show significant year-over-year growth across revenue and all profit metrics. This strong performance appears to be largely attributable to substantial overseas orders, particularly within the plywood machine segment. The establishment of a new subsidiary, Shirakawa Forestry, signals the company’s strategic move to enter the upstream value chain, which could indicate efforts to diversify future revenue streams and contribute to long-term sustainability.

• Enomoto Co., Ltd. announced revisions to its full-year consolidated earnings forecast and dividend forecast for the fiscal year ending March 2027, effective August 10, 2026.
• For the full-year consolidated earnings forecast (April 1, 2026 – March 31, 2027), net sales were revised upwards from ¥32 billion to ¥34 billion, operating profit from ¥2 billion to ¥2.4 billion, ordinary profit from ¥2 billion to ¥2.4 billion, and profit attributable to owners of parent from ¥1.4 billion to ¥1.75 billion.
• Key reasons for the revision include the smooth ramp-up of mass production for opto lead frames, a recovering trend for power semiconductor lead frames, particularly for automotive applications, high demand for connector components for smartphones, and improved profitability through process enhancements.
• The annual dividend forecast per share was revised from ¥77 to ¥80. The interim dividend forecast was raised from ¥37 to ¥40, while the year-end dividend forecast remains at ¥40.
• The dividend policy incorporates a minimum DOE (Dividend on Equity) of 2.5%, and the upward revision in the earnings forecast, leading to an anticipated increase in shareholders’ equity beyond the mid-term management plan, is cited as the reason for the dividend increase.

This upward revision to the earnings forecast suggests a positive synergy from recovering demand across key product categories and improvements in production efficiency. The company’s new outlook, which now projects achievement of both sales and operating profit targets set in its “Vision 2030 2nd STEP” mid-term management plan, may indicate a strengthening of its business foundations. Furthermore, the increased dividend forecast, aligned with its DOE policy, could signal a commitment to enhanced shareholder returns in line with the projected growth in shareholders’ equity.

• Daikokuya Holdings announced the formulation of its “Q1 FY2027 Financial Results Briefing Material” on August 10, 2026.
• For Q1 FY2027, consolidated revenue reached ¥3.65 billion (+48.5% year-on-year), and operating profit was ¥0.13 billion, marking a return to profitability from an operating loss of ¥0.283 billion in the prior year period.
• The company stated it achieved profitability despite approximately ¥0.1 billion in one-off M&A related expenses, confirming the results of its structural reforms.
• Progress towards the full-year plan (revenue ¥22.2 billion, operating profit ¥1.3 billion) stands at 16.4% for revenue and 10.1% for operating profit.
• Merchandise inventory increased by 155.3% year-on-year to ¥3.39 billion.

Daikokuya Holdings’ return to profitability in Q1 suggests that its structural reforms and M&A strategies may be yielding positive results. Achieving a profit despite one-off expenses could indicate an improvement in the company’s underlying business strength. Investors may focus on the company’s ability to further accumulate profits and leverage inventory in the latter half of the fiscal year to meet its full-year targets.

• Handsman Co., Ltd. has announced its non-consolidated financial results for the fiscal year ended June 2026 (July 1, 2025 – June 30, 2026).
• For the reported period, Net Sales reached ¥35,251 million (up 1.0% year-on-year), Operating Profit was ¥1,274 million (up 3.1%), Ordinary Profit was ¥1,529 million (up 0.1%), and Net Profit stood at ¥1,055 million (up 2.8%).
• Earnings per share were ¥76.73 (compared to ¥74.30 in the previous fiscal year).
• In terms of financial position, Total Assets were ¥25,953 million, Net Assets were ¥18,840 million, and the Equity Ratio was 72.6%.
• The year-end dividend for FY2026 June was ¥30.00, resulting in a total annual dividend of ¥30.00 (same as the previous year).
• For the fiscal year ending June 2027, the company forecasts Net Sales of ¥36,000 million (up 2.1% year-on-year) and Net Profit of ¥1,100 million (up 4.2%).

Handsman’s FY2026 June results show an increase across all key profitability metrics, including sales, operating profit, ordinary profit, and net profit. This performance is likely attributed to an increase in both store visitors and average transaction value. While the gross profit margin decreased due to higher procurement costs from rising raw material prices and yen depreciation, the company managed to secure profits by controlling selling, general, and administrative expenses.

• G-TAKAYOSHI HD announced its consolidated financial results for the third quarter of the fiscal year ending September 2026 (October 1, 2025, to June 30, 2026).
• Operating revenue for the cumulative period reached ¥6,025 million, marking a 0.5% increase compared to the same quarter of the previous year.
• Operating profit was ¥682 million (up 6.7% year-on-year), and ordinary profit was ¥687 million (up 8.3% year-on-year).
• Net income attributable to parent shareholders stood at ¥346 million, an increase of 15.3% from the prior year’s period.
• Basic earnings per share for the quarter were ¥61.84.
• The full-year consolidated earnings forecast, initially published on November 10, 2025, remains unchanged.
• During the cumulative third quarter, the company opened 28 new stores and closed 17, resulting in 193 stores at the end of the period.
• The number of registered producers increased by 1,701 from the end of the previous fiscal year, totaling 35,607.

G-TAKAYOSHI HD’s Q3 FY2026 results indicate a steady expansion of its business, achieving both revenue and profit growth compared to the prior year. The 15.3% increase in net income attributable to parent shareholders is a notable highlight. The continued opening of new “Wakuwaku Hiroba” stores and the growth in registered producers may suggest positive momentum for future business development.

• A-N Grande’s consolidated financial results for the first quarter of FY2027 (April 1, 2026 – June 30, 2026) reported net sales of JPY 254 million, a 42.9% decrease year-on-year.
• The company posted an operating loss of JPY 19 million (compared to an operating loss of JPY 16 million in the prior year period), an ordinary loss of JPY 30 million (compared to JPY 23 million in the prior year period), and a net loss attributable to owners of parent of JPY 13 million (compared to JPY 26 million in the prior year period).
• By segment, the real estate sales business reported sales of JPY 57 million (down 77.6% YoY) and a segment loss of JPY 27 million. The real estate leasing business recorded sales of JPY 154 million (up 4.4% YoY) and a segment profit of JPY 49 million. The real estate related business posted sales of JPY 42 million (up 6.1% YoY) and a segment profit of JPY 3 million.
• As of the end of the first quarter, consolidated total assets stood at JPY 4,631 million, net assets at JPY 1,981 million, and the equity ratio was 42.8%.
• The full-year consolidated earnings forecast for FY2027 remains unchanged: net sales of JPY 2,542 million (down 30.4% YoY), operating income of JPY 102 million (down 26.1% YoY), ordinary income of JPY 57 million (down 48.8% YoY), and net income attributable to owners of parent of JPY 40 million (down 53.3% YoY).

The significant decrease in net sales appears to be primarily driven by a reduction in the number of newly built detached houses delivered within the real estate sales business compared to the previous year. Conversely, the real estate leasing and real estate related segments demonstrated growth in both sales and profits, suggesting their role as stable revenue streams within the company’s portfolio. With the full-year forecast maintained at the end of the first quarter, the timing and successful delivery of upcoming real estate sales projects will likely be critical for achieving the projected annual performance.

• Uekigumi Co., Ltd. announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026, to June 30, 2026).
• Consolidated net sales for Q1 amounted to ¥14,026 million, representing a 4.5% increase compared to the same period of the previous year.
• Operating profit was ¥523 million (down 3.1% YoY), ordinary profit was ¥601 million (up 1.5% YoY), and net income attributable to owners of parent was ¥347 million (down 1.0% YoY).
• By segment, the construction business reported net sales of ¥12,937 million (up 4.0% YoY) and segment profit of ¥501 million (up 3.4% YoY).
• The consolidated full-year earnings forecast and dividend forecast for the fiscal year ending March 2027 remain unchanged from the announcement made on May 13, 2026.

Uekigumi’s Q1 FY2027 results show a modest increase in net sales but relatively flat to slightly declining profits compared to the prior year. While the construction segment demonstrated growth in both sales and profit, other segments such as building materials manufacturing and sales, and other businesses, experienced profit declines due to factors like rising raw material costs and reduced acceptance. The unchanged full-year forecast suggests the company maintains confidence in its future performance, making the ongoing trends in each business segment worth monitoring.

• Sansei R&D’s consolidated results for the second quarter (interim) of the fiscal year ending December 2026 show net sales of JPY 16,590 million, a 14.3% increase from the previous interim period.
• Operating profit was JPY 2,573 million (up 14.9% YoY), ordinary profit was JPY 2,278 million (up 9.7% YoY), and net profit attributable to owners of parent was JPY 1,584 million (up 12.3% YoY).
• Earnings per share for the interim period stood at JPY 97.54.
• The annual dividend forecast for the fiscal year ending December 2026 has been revised, with an interim dividend of JPY 21.00 (ordinary dividend JPY 18.00, commemorative dividend JPY 3.00) and a year-end dividend forecast of JPY 27.00 (post-stock split).
• The consolidated full-year business forecast for the fiscal year ending December 2026 has also been revised, projecting net sales of JPY 31,000 million (a 32.8% increase YoY) and net profit attributable to owners of parent of JPY 2,190 million (a 69.1% increase YoY).

The interim results indicate robust performance, with increases across all key financial metrics compared to the previous year, suggesting a positive operational momentum. The qualitative information in the financial report highlights that increased sales of “jiko-chi” (land with existing leasehold rights) and “inuki” (properties with existing businesses) contributed significantly to revenue growth. The revised dividend forecast and the upward revision of the full-year earnings outlook may reflect management’s confidence in the company’s future performance.

• Palma Co., Ltd. announced its non-consolidated financial results for the third quarter of FY2026 (October 1, 2025, to June 30, 2026).
• Cumulative financial performance shows net sales of ¥1,633 million (up 2.5% year-on-year), operating profit of ¥110 million (up 72.7%), ordinary profit of ¥147 million (up 47.1%), and quarterly net profit of ¥94 million (up 50.8%).
• Diluted earnings per share for the quarter were ¥14.00 (compared to ¥9.28 in the prior year).
• As for the financial position, total assets stood at ¥3,842 million, and net assets at ¥2,434 million, resulting in an equity ratio of 63.3%.
• The full-year earnings forecast and the annual dividend forecast (¥13.00 at year-end, total ¥13.00) for FY2026 remain unchanged.

Palma’s Q3 results show substantial profit growth despite a modest increase in net sales, suggesting improved operational efficiency and a reduced operating loss in the turnkey solution service. The reaffirmation of the full-year forecast might indicate the company’s cautious outlook on potential revenue fluctuations in the fourth quarter due to specific factors. Investors may find it worthwhile to monitor the balance between segment performances moving forward.

• Koryo Juhan announced a revision to its year-end dividend forecast for the fiscal year ending September 2026.
• The previous year-end dividend forecast was ¥30 per share.
• The revised year-end dividend forecast is ¥33 per share, representing an increase of ¥3.
• Consequently, the total annual dividend forecast for FY2026 is now ¥64 per share.
• The revision is attributed to recent business performance and the company’s commitment to shareholder returns as a key management priority.

This dividend increase suggests the company’s strong commitment to shareholder returns and may indicate positive recent business performance. The upward revision of the annual dividend forecast from ¥55 in the previous fiscal year to ¥64 could be a point of interest for investors.

• Nichiban Corporation announced its Q1 FY2027 financial results on August 10, 2026.
• Consolidated net sales were ¥12,264 million, marking a 2.9% increase compared to the same period last year.
• Consolidated operating profit stood at ¥621 million, a 4.7% decrease from the prior year’s Q1.
• Consolidated ordinary profit was ¥668 million, representing a 1.2% decrease year-over-year.
• Net profit attributable to owners of parent increased by 0.1% to ¥393 million.
• The full-year consolidated performance forecast for FY2027 and the annual dividend forecast of ¥40.00 remained unchanged from previously announced figures.

Nichiban’s Q1 FY2027 results show a mixed performance, with increased net sales but decreased operating and ordinary profits. This pattern may suggest that while sales volume or pricing initiatives contributed to top-line growth, rising raw material costs and increased selling, general, and administrative expenses impacted profitability. However, the slight increase in net profit attributable to parents could indicate a benefit from lower income taxes. Investors might find it noteworthy that the full-year forecast remains stable, suggesting management’s confidence in achieving its targets despite the Q1 profit decline.

• For the second quarter (interim period) of FY2026, Yokohama Rubber reported consolidated results exceeding previous forecasts: Revenue of JPY 639.397 billion (up 4.8% from forecast), Business Profit of JPY 95.846 billion (up 27.8%), Operating Profit of JPY 109.699 billion (up 27.6%), and Interim Profit attributable to owners of parent of JPY 72.578 billion (up 61.3%).
• The full-year consolidated earnings forecast for FY2026 has been revised upwards to: Revenue JPY 1.320 trillion (up 1.5% from previous forecast), Business Profit JPY 192.5 billion (up 2.4%), Operating Profit JPY 199.5 billion (up 4.2%), and Profit attributable to owners of parent JPY 117.0 billion (up 7.3%).
• The interim dividend forecast for FY2026 has been revised to JPY 87 per share (an increase of JPY 25), and the year-end dividend forecast to JPY 136 per share (an increase of JPY 26).
• Consequently, the total annual dividend is expected to be JPY 223 per share, an increase of JPY 89 from the previous year, marking an anticipated “sixth consecutive year of dividend increases.”
• Reasons cited for the upward revisions include improved raw material prices for OHT (Off-The-Road tires), the weaker yen, increased sales of consumer tires primarily in Europe and India, contribution from high-value-added products (AGW), price pass-throughs, and structural reforms/consolidation effects in MB (Multiple Business) along with growth in high-value-added products such as aerospace components (government demand).

• MIRAINI Holdings Co., Ltd. announced on August 10, 2026, an upward revision to its consolidated earnings forecast for the fiscal year ending March 2027.
• For the interim period of FY2027 (April 1, 2026 – September 30, 2026), the revised consolidated earnings forecast includes Net Sales of 278,000 million yen (+2.2% from previous), Operating Profit of 8,500 million yen (+11.8%), Ordinary Profit of 7,500 million yen (+15.4%), and Profit Attributable to Owners of Parent of 11,300 million yen (+0.9%).
• For the full fiscal year ending March 2027 (April 1, 2026 – March 31, 2027), the revised consolidated earnings forecast includes Net Sales of 548,000 million yen (+1.1% from previous), Operating Profit of 15,500 million yen (+6.2%), Ordinary Profit of 13,500 million yen (+8.0%), and Profit Attributable to Owners of Parent of 15,300 million yen (+0.7%).
• The revision is attributed to increased demand for semiconductors and electronic components, expanding memory demand, and foreign exchange effects, leading to higher net sales than previously forecast.
• Excluding the special gain (negative goodwill) of 6,395 million yen from business integration recorded in the first quarter, interim net income per share is 141.71 yen, and full-year net income per share is 257.20 yen.

This upward revision to the earnings forecast suggests that the recovery in demand within the semiconductor and electronic component markets, coupled with favorable foreign exchange rates, has contributed positively to MIRAINI’s performance. The significant increases in profit items for the interim period, some by nearly double digits, may indicate an improvement in the short-term business environment. However, the company also noted uncertainties in the business environment for the third quarter and beyond, suggesting that future market trends will be worth monitoring.

• Amifa announced its financial results for the third quarter of the fiscal year ending September 2026 (October 1, 2025, to June 30, 2026).
• For the cumulative third quarter, net sales totaled ¥7,325,041 thousand, an increase of 7.9% compared to the same period last year.
• Operating profit reached ¥723,536 thousand, marking a 319.0% increase year-on-year, while ordinary profit was ¥706,261 thousand, up 389.4%.
• Net income for the quarter surged by 916.4% to ¥774,272 thousand.
• Total assets stood at ¥4,211,619 thousand, net assets at ¥2,854,472 thousand, and the equity ratio at 67.8%.
• The full-year forecast (October 1, 2025, to September 30, 2026) remains unchanged, projecting net sales of ¥9,000 million (up 1.8% year-on-year), operating profit of ¥620 million (up 129.4%), ordinary profit of ¥600 million (up 150.8%), and net income of ¥680 million (up 249.6%), with basic earnings per share of ¥215.46.

Amifa’s Q3 FY2026 results demonstrate significant growth across all key profit metrics, notably operating and net income, alongside an increase in sales. This robust performance is attributed to strong sales of event-related and stationery products, enhanced sales floor proposals, focus on best-selling items, cost reduction efforts, and a substantial decrease in inventory valuation losses compared to the prior year. The recognition of a ¥490 million relocation compensation as an extraordinary gain also notably boosted net income, which could indicate a strengthening financial position.

• G-ASNOVA announced its Q1 FY2027 financial results for the period from April 1, 2026, to June 30, 2026.
• Consolidated net sales reached ¥1,239 million, a 37.3% increase year-on-year (YoY), and EBITDA was ¥407 million, up 19.8% YoY, both representing new quarterly records.
• Sales breakdown included ASNOVA at ¥938 million (up 4.6% YoY), Qool at ¥283 million (newly consolidated), and ASNOVA VIETNAM at ¥17 million (up 213.7% YoY).
• Operating loss narrowed to ¥111 million, an improvement of ¥10 million compared to the ¥121 million loss in the prior-year period. Net loss for the period decreased by ¥42 million to ¥79 million from ¥122 million.
• As of June 30, 2026, the equity ratio improved to 27.0% (up 1.0pt from March 31, 2026), and the Net Debt/EBITDA ratio was 3.2x (down 0.1x from March 31, 2026).

G-ASNOVA’s Q1 FY2027 results highlight the significant impact of Qool’s consolidation on both net sales and EBITDA, driving them to record highs. The consistent growth in existing scaffolding rental operations in Japan and Vietnam also appears to contribute to the overall business expansion. Furthermore, the improvement in the equity ratio and reduction in the Net Debt/EBITDA ratio may suggest prudent financial management within the company’s stated financial discipline.

• Aseed Holdings Corporation announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026 – June 30, 2026).
• Net sales for the quarter totaled ¥6,686 million, a 0.1% increase compared to the same period of the previous fiscal year.
• Operating profit was ¥469 million (up 55.9%), ordinary profit was ¥439 million (up 37.3%), and profit attributable to owners of parent was ¥311 million (up 76.9%).
• By segment, the vending machine retail operation segment reported sales of ¥3,452 million (down 2.3%) and segment profit of ¥44 million (up 17.2%), while the beverage manufacturing segment reported sales of ¥3,130 million (up 3.0%) and segment profit of ¥492 million (up 48.2%).
• The full-year consolidated earnings forecast remains unchanged, projecting net sales of ¥27,000 million, operating profit of ¥1,150 million, ordinary profit of ¥1,500 million, and profit attributable to owners of parent of ¥1,000 million.

The first quarter results highlight a significant increase in profitability despite a modest rise in net sales. This surge in operating, ordinary, and net profits appears to be driven by improved efficiency and synergy effects in the vending machine retail operations, as well as a recovery in beverage manufacturing volumes. The reaffirmation of the full-year forecast suggests that management is confident in maintaining this positive momentum.

• For the fiscal year ended June 2026 (consolidated), net sales were JPY 1,955 million, an increase of 1.6% year-on-year.
• Operating profit for the fiscal year ended June 2026 (consolidated) was JPY 72 million, a decrease of 36.0% year-on-year.
• Ordinary profit for the fiscal year ended June 2026 (consolidated) was JPY 84 million, a decrease of 17.3% year-on-year.
• Net profit attributable to owners of parent for the fiscal year ended June 2026 (consolidated) was JPY 58 million, a decrease of 2.8% year-on-year.
• As of June 2026, the equity ratio was 79.0%, and net assets per share were JPY 483.10.

While consolidated net sales saw a slight increase, operating profit, ordinary profit, and net profit attributable to owners of parent all decreased compared to the previous fiscal year. This could be attributed to delayed deliveries of high-value products in the optical business due to design changes and extended manufacturing lead times from material defects. It is notable that the non-consolidated performance showed an increase in both sales and profits, presenting a divergence from the consolidated figures.

• Sunmesse announced the completion of the interim review by certified public accountants for its Q1 FY2027 consolidated financial results.
• There are no changes to the quarterly consolidated financial statements previously disclosed on August 3, 2026.
• For Q1 FY2027 (April 1, 2026 – June 30, 2026), consolidated net sales were ¥4,356 million (down 3.0% YoY), operating income was ¥210 million (down 21.7% YoY), ordinary income was ¥297 million (down 17.3% YoY), and net income attributable to parent company shareholders was ¥173 million (down 27.0% YoY).
• By segment, the Printing Business reported net sales of ¥4,315 million (up 1.9% YoY) and operating income of ¥226 million (up 2.1% YoY). The Event Business recorded net sales of ¥41 million (down 83.7% YoY) and an operating loss of ¥17 million.
• The consolidated earnings forecasts for Q2 cumulative and full-year FY2027 remain unchanged from the previous announcement on May 14, 2026.

The completion of the interim review without any revisions to the previously announced Q1 results confirms the presented figures. While overall sales and profits decreased year-over-year, the core printing business showed growth in both revenue and profit, which may suggest a shift in business drivers. With the full-year forecast maintained, the company’s performance in subsequent quarters will be worth monitoring.

• GSI Creos Corporation announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026, to June 30, 2026).
• Net sales reached ¥39,597 million (up 4.8% year-on-year), operating income was ¥996 million (up 10.9%), ordinary income was ¥1,121 million (up 4.4%), and net income attributable to owners of the parent was ¥932 million (up 6.3%).
• All profit items surpassed the prior year’s first quarter, achieving the highest-ever first-quarter performance.
• By segment, the Outerwear business recorded net sales of ¥7,394 million (up 34.0%) and operating income of ¥412 million (up 31.7%). The Chemical business reported net sales of ¥4,487 million (up 24.7%) and operating income of ¥328 million (up 43.8%). The Hobby & Life business achieved net sales of ¥1,376 million (up 6.7%) and operating income of ¥175 million (up 37.7%).
• The full-year consolidated earnings forecast remains unchanged, projecting net sales of ¥186,000 million, operating income of ¥3,800 million, ordinary income of ¥3,800 million, and net income attributable to owners of the parent of ¥2,600 million.

GSI Creos recorded its strongest first-quarter performance, driven notably by solid growth in its Outerwear, Chemical, and Hobby & Life segments. Despite geopolitical risks such as the situation in the Middle East, the company’s start to the fiscal year has exceeded its initial plans, suggesting a robust foundation. Investors may want to monitor how this strong initial performance translates into progress towards the full-year forecast.

• Hokkaido Chuo Bus Co., Ltd. announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026 – June 30, 2026).
• Consolidated net sales reached ¥7,856 million, marking a 13.2% increase compared to the same period in the previous year.
• The company reported an operating loss of ¥336 million (compared to an operating loss of ¥223 million in the prior year’s Q1), an ordinary loss of ¥270 million (compared to an ordinary loss of ¥148 million in the prior year’s Q1), and a net loss attributable to owners of parent of ¥268 million (compared to a net loss of ¥43 million in the prior year’s Q1).
• By segment, passenger transport recorded sales of ¥4,436 million (+0.8% YoY) and an operating loss of ¥148 million. Construction segment sales were ¥2,192 million (+68.9% YoY) with an operating loss of ¥59 million. Cleaning and security services sales were ¥784 million (+2.0% YoY) with an operating profit of ¥26 million. Real estate sales were ¥213 million (+4.0% YoY) with an operating profit of ¥83 million. Tourism-related business sales were ¥388 million (-1.6% YoY) with an operating loss of ¥212 million. Other businesses recorded sales of ¥598 million (+4.4% YoY) with an operating loss of ¥22 million.
• The full-year consolidated earnings forecast remains unchanged, projecting net sales of ¥37,700 million, operating income of ¥1,600 million, ordinary income of ¥1,900 million, and net income attributable to owners of parent of ¥1,200 million.

While sales increased significantly, the expansion of operating, ordinary, and net losses compared to the prior year’s first quarter is a key point for investors to consider. The reported operating losses in major segments such as passenger transport, tourism, and construction may have contributed to the overall widening of losses. Monitoring the company’s progress towards its full-year forecasts in subsequent quarters could provide further insights into its operational trends.

• Fan Communications announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending December 2026.
• Consolidated net sales reached ¥3,434 million, marking a 5.8% decrease compared to the same period last year.
• Operating income was ¥489 million, a 54.0% decrease year-over-year.
• Net income attributable to owners of the parent was ¥198 million, representing a 71.3% decrease from the prior year’s interim period.
• Interim net income per share was ¥3.01.
• The full-year consolidated performance forecast for the fiscal year ending December 2026 has been revised. Net sales are projected at ¥7,330 million (up 3.3% YoY), operating income ¥1,201 million (down 38.9% YoY), ordinary income ¥1,181 million (down 41.4% YoY), and net income attributable to owners of the parent ¥687 million (down 47.5% YoY).
• The interim dividend forecast is ¥10.50 per share, and the year-end dividend forecast is also ¥10.50, totaling ¥21.00 for the full year (no revision from the most recent public announcement).
• During this interim consolidated accounting period, Raylee Inc. was newly included as a consolidated subsidiary.

Fan Communications’ Q2 FY2026 results show a notable decline across sales and profit metrics compared to the previous year. The significant decreases in operating, ordinary, and interim net income appear to be influenced by factors such as a reduction in active advertisers within its core CPA solution business and structural changes brought about by the adoption of generative AI search. The downward revision of the full-year earnings forecast is consistent with these evolving business conditions and the performance observed in the first half of the year.

• Dynapac announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending December 2026.
• Revenue totaled ¥36,376 million, an increase of 15.1% compared to the same interim period of the previous year.
• Operating profit reached ¥2,023 million, up 42.8% year-on-year.
• Ordinary profit was ¥2,624 million, marking a 45.8% increase from the prior year’s interim period.
• Net profit attributable to owners of parent was ¥1,860 million, a 5.5% increase year-on-year.
• Basic earnings per share for the interim period was ¥190.47.
• The Packaging Materials business segment reported revenue of ¥38,239 million (up 15.0% YoY) and segment profit of ¥2,089 million (up 35.8% YoY).
• The Real Estate Leasing business segment recorded revenue of ¥203 million (up 2.2% YoY) and segment profit of ¥170 million (up 2.3% YoY).
• Contributions from Marunaka Shiko Co., Ltd., acquired in November 2025, and Hoang Hai Vietnam Packaging Joint Stock Company, acquired in August 2025, positively impacted earnings.
• The full-year consolidated earnings forecast remains unchanged, projecting revenue of ¥75,000 million, operating profit of ¥4,200 million, ordinary profit of ¥4,800 million, and net profit attributable to owners of parent of ¥3,400 million.

• PAXXS announced its Q1 FY2027 financial results for the period from April 1, 2026, to June 30, 2026.
• Consolidated operating results show Net Sales of ¥6,235 million (up 11.6% year-on-year), Operating Profit of ¥659 million (up 57.4%), Ordinary Profit of ¥781 million (up 50.0%), and Net Income attributable to owners of parent of ¥557 million (up 53.7%).
• By segment, Film Products contributed to revenue growth with ¥1,402 million (up ¥368 million year-on-year) driven by preemptive demand due to heightened Middle East tensions. Heavy-Duty Packaging Bags also saw an increase to ¥3,924 million (up ¥221 million).
• The consolidated financial position indicates total assets at the end of the period were ¥38,723 million, an increase of ¥1,802 million from the end of the previous fiscal year.
• The consolidated full-year earnings forecast for FY2027 has been revised, with details available in a separate announcement titled “Notice Regarding Revision of Earnings Forecast for the Fiscal Year Ending March 31, 2027.”

PAXXS’s first-quarter results indicate a strong start to the fiscal year, with significant double-digit growth across key financial metrics. The preemptive demand for film products appears to have been a notable driver of this performance. The increase in total assets and the revised earnings forecast suggest ongoing business developments that could be worth monitoring for insights into the company’s future outlook and financial health.

• P-Hands reported net sales of ¥3,242 million for the fiscal year ended June 30, 2026 (July 1, 2025 to June 30, 2026), representing a 4.9% decrease year-over-year.
• Operating profit for the period was ¥186 million (down 53.3% YoY), and ordinary profit was ¥199 million (down 50.6% YoY).
• Net profit attributable to owners of parent was ¥137 million (down 52.0% YoY), with earnings per share of ¥343.74.
• As of June 30, 2026, total assets were ¥2,184 million, net assets were ¥1,726 million, and the equity ratio was 78.5%.
• The company announced a year-end dividend of ¥50.00 per share for FY2026, totaling ¥50.00 for the full year, with a payout ratio of 14.5%.

P-Hands’ FY2026 June results indicate a significant year-over-year decline across key profitability metrics, coupled with a decrease in net sales. This suggests a challenging operational period for the company. The forecast for FY2027 June projects an increase in both sales and profits, which may suggest the company anticipates a recovery in the upcoming fiscal year.

• Arent Inc. announced on August 10, 2026, the release of the executive summary, Q&A summary, and archived video for its FY2026 earnings briefing held on August 7, 2026.
• For FY2026, net sales were largely as expected, while operating profit fell short of plans due to higher-than-anticipated upfront investments. These investments are largely complete as of FY2026, with a reduction in burden expected from FY2027 onwards.
• The company’s growth strategy has shifted its emphasis from traditional M&A to in-house product development leveraging generative AI, prompted by the rapid evolution of AI.
• The FY2027 performance forecast is based on solidified business negotiations, with the cost reduction effects from AI utilization in development and implementation not significantly factored in, indicating a conservative projection.
• The Q&A session addressed topics including maximizing long-term shareholder value, evolving methods for achieving the “democratization of tacit knowledge” mission, the rationale behind shifting from M&A to in-house development, and leveraging DX project insights for product development.

G-Arent’s strategic pivot from M&A to in-house product development, driven by the rapid advancement of generative AI, may significantly impact its future competitive landscape and revenue structure. The completion of upfront investments and a conservative outlook that reserves room for further productivity gains from AI suggest potential for improved profitability. The shift towards an FDE-type model integrating DX and product businesses could indicate a new growth driver worth monitoring.

• For the nine months ended June 30, 2026 (Q3 FY2026), ELITZ HD reported consolidated net sales of ¥5,467 million, representing a 10.0% increase year-on-year.
• Operating profit for the same period stood at ¥1,063 million, up 20.0% YoY. Ordinary profit increased by 20.4% to ¥1,058 million, and net income attributable to owners of the parent grew by 20.8% to ¥696 million.
• By segment, Real Estate Brokerage recorded sales of ¥2,893 million (up 9.5% YoY), Real Estate Management ¥1,927 million (up 10.1% YoY), and Resident Support ¥646 million (up 11.7% YoY), indicating growth across all business segments.
• The consolidated full-year forecast for FY2026 remains unchanged, projecting net sales of ¥6,778 million (up 6.2% YoY), operating profit of ¥1,107 million (up 8.3% YoY), ordinary profit of ¥1,090 million (up 6.8% YoY), and net income attributable to owners of the parent of ¥718 million (up 2.7% YoY).
• The year-end dividend forecast is unchanged from the most recently announced projection, at ¥70 per share (total annual dividend of ¥70).

ELITZ HD’s Q3 FY2026 results demonstrate robust performance, with double-digit growth in sales and all profit metrics compared to the prior year. The strong growth was supported by increased sales of real estate for sale and balanced by cost controls, despite increased investment in personnel and new store openings. With the full-year forecast maintained, investors may monitor the company’s ability to sustain its growth trajectory and profitability in the upcoming quarter.

• Ibokin Co., Ltd. announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending December 2026.
• Net sales for the interim period amounted to 4,905 million yen, representing a 6.1% increase year-on-year.
• Operating profit was 434 million yen (up 135.2% YoY), ordinary profit was 430 million yen (up 120.6% YoY), and net income attributable to owners of parent was 287 million yen (up 60.3% YoY).
• By segment, the Metal business reported sales of 2,638 million yen (up 19.3% YoY) and operating profit of 126 million yen (up 10.6% YoY).
• The Demolition business, despite a decrease in sales, turned profitable with an operating profit of 192 million yen (compared to an operating loss of 56 million yen in the prior year), driven by progress in highly difficult projects.
• The consolidated full-year forecast for the fiscal year ending December 2026 remains unchanged, projecting net sales of 10,500 million yen, operating profit of 800 million yen, ordinary profit of 778 million yen, and net income attributable to owners of parent of 524 million yen.

Ibokin’s interim results show substantial profit growth across the board, with operating and ordinary profits seeing significant increases. This performance appears to be driven by strong contributions from the Metal business, which benefited from higher iron and copper scrap prices, as well as improved profitability in the Demolition segment. As the full-year outlook remains unchanged, the company’s ability to maintain this momentum amid ongoing external factors like persistent inflation and resource supply concerns will be worth monitoring.

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

• Asaka Riken Co., Ltd. announced its consolidated financial results for the third quarter of the fiscal year ending September 2026 (October 1, 2025 – June 30, 2026).
• Consolidated net sales reached JPY 8,747 million (up 37.4% year-on-year), operating profit JPY 1,179 million (up 263.4%), ordinary profit JPY 1,083 million (up 270.6%), and profit attributable to owners of parent JPY 811 million (up 286.6%).
• By segment, Precious Metals Business sales were JPY 7,413 million (up 39.9%), with segment profit of JPY 955 million (up 439.7%). Environmental Business sales were JPY 1,172 million (up 29.9%), with segment profit of JPY 109 million (up 63.8%). Systems Business sales were JPY 146 million (down 3.6%), resulting in a segment loss of JPY 8 million.
• Regarding financial position, total assets at the end of Q3 were JPY 17,668 million and net assets were JPY 5,874 million. Construction in progress increased by JPY 2,807 million.
• The full-year consolidated earnings forecast remains unchanged from the previous announcement, with projected net sales of JPY 10,750 million and operating profit of JPY 1,240 million.

Asaka Riken’s Q3 FY2026 results demonstrate significant growth in both sales and profits, primarily driven by strong performance in its Precious Metals and Environmental businesses. Rising precious metal prices and increased handling volumes appear to have positively impacted performance. The ongoing efforts in the LiB recycling business, including trial operations and factory construction, alongside the establishment of business schemes under MOUs, may represent key indicators for future growth potential. With the full-year earnings forecast remaining unchanged, monitoring the progress in the final quarter will be important for investors.

• PEGASUS announced its consolidated financial results for the first quarter of the 81st fiscal year ending March 2027 on July 31, 2026.
• Consolidated net sales for the first quarter totaled ¥4,853 million, a 21.3% decrease compared to the same quarter of the previous year. Excluding the impact of foreign exchange fluctuations (a ¥3.52 depreciation of the yen against the US dollar), net sales decreased by 28.2% year-on-year.
• Consolidated operating profit was ¥59 million, marking an 89.2% decrease from the prior year’s same quarter.
• Sales for the Apparel Machinery Business were ¥3,035 million (down 26.1% YoY), and sales for the Automotive Business were ¥1,817 million (down 11.7% YoY).
• The full-year earnings forecast and dividend forecast for the fiscal year ending March 2027 remain unchanged from the values announced on May 13, 2026.

PEGASUS’s Q1 FY2027 results show a significant decline in both net sales and operating profit, primarily attributed to geopolitical risks and trade environment uncertainties. While yen depreciation provided some tailwind, the overall revenue reduction across both business segments appears to have significantly impacted profitability. The decision to maintain the full-year outlook could suggest management anticipates a recovery in subsequent quarters, which may be a point for investors to monitor.

• For the nine months ended June 30, 2026 (FY2026 Q3), Maruyama Mfg. reported consolidated net sales of ¥32,843 million, a 10.7% increase year-over-year.
• Operating profit for the same period was ¥1,760 million (up 116.7% YoY), ordinary profit was ¥1,818 million (up 97.1% YoY), and net profit attributable to owners of parent was ¥1,072 million (up 86.7% YoY).
• Segment-wise, sales of agricultural and forestry machinery reached ¥24,547 million (up 6.3% YoY), and industrial machinery sales were ¥6,212 million (up 36.6% YoY).
• The full-year consolidated earnings forecast has been revised upwards, projecting net sales of ¥43,000 million, operating profit of ¥1,800 million, ordinary profit of ¥1,750 million, and net profit attributable to owners of parent of ¥1,100 million.
• The annual dividend forecast has also been revised, with an expected year-end dividend of ¥80.00, totaling ¥80.00 for the full year.

Maruyama Mfg.’s significant increase in both revenue and profit for Q3 FY2026 appears to be driven by strong sales in both agricultural/forestry and industrial machinery sectors, domestically and internationally. The substantial surge in operating profit, more than double the prior year, could indicate effective cost management or improved product mix in conjunction with higher sales volumes. The upward revision of both full-year earnings and dividend forecasts suggests a positive outlook from management regarding the company’s performance for the remainder of the fiscal year.

• Daiwa Co., Ltd. announced its non-consolidated interim financial results for the second quarter of the fiscal year ending December 2026.
• For the interim period (January 1, 2026 – June 30, 2026), Net Sales increased by 4.0% year-on-year to ¥23,517 million.
• Operating Income decreased by 6.3% to ¥3,452 million, Ordinary Income decreased by 3.8% to ¥3,525 million, and Net Income for the interim period decreased by 4.4% to ¥2,368 million.
• Interim Net Income per share was ¥48.17, down from ¥50.19 in the previous year’s interim period.
• The interim dividend for the fiscal year ending December 2026 was revised from the initial forecast of ¥30.00 to ¥35.00, which includes a commemorative dividend of ¥5.00.

While Net Sales show an increase, the decline in Operating, Ordinary, and Net Income suggests a potential impact from rising costs of raw materials and logistics, reflecting a challenging operating environment. The upward revision of the interim dividend, including a commemorative payout, could indicate the company’s commitment to shareholder returns. Investors may find it worthwhile to monitor the balance between sales growth and profitability trends in future reports.

• FULLTEC announced its consolidated financial results for the second quarter of the fiscal year ending December 2026 (interim period: January 1, 2026, to June 30, 2026).
• Consolidated cumulative results showed net sales of ¥6.616 billion (down 0.2% YoY), operating profit of ¥27 million (down 89.8% YoY), ordinary profit of ¥88 million (down 72.3% YoY), and profit attributable to owners of parent of ¥35 million (down 83.5% YoY).
• The significant decline in profits from operating profit downwards was primarily attributed to an increase in long-term, large-scale unprofitable projects in the fittings-related business and a decrease in gross profit (down 5.9% YoY) due to reduced renewal sales in the highly profitable automatic door-related business.
• Additionally, selling, general and administrative expenses increased by 5.2% due to higher personnel costs, depreciation related to the new core system, and other system-related expenses.
• By segment, Automatic Door-related sales were ¥4.217 billion (down 1.1% YoY) with segment profit of ¥923 million (down 6.9% YoY). Fittings-related sales were ¥1.895 billion (down 2.5% YoY) with segment profit of ¥100 million (down 63.5% YoY). Other segments saw sales of ¥502 million (up 18.4% YoY) and segment profit of ¥41 million (compared to a loss of ¥13 million in the prior year).
• The full-year consolidated earnings forecast remains unchanged, projecting net sales of ¥14.0 billion (up 3.2% YoY), operating profit of ¥600 million (up 31.6% YoY), ordinary profit of ¥630 million (up 19.1% YoY), and profit attributable to owners of parent of ¥400 million (up 60.0% YoY).

• Kyowa Electric reported consolidated results for the fiscal year ended June 2026 with net sales of JPY 37,006 million (down 3.2% year-on-year), operating income of JPY 2,848 million (down 15.1%), ordinary income of JPY 2,990 million (down 13.4%), and profit attributable to owners of parent of JPY 1,921 million (down 10.1%).
• Basic earnings per share were JPY 238.33, calculated considering the two-for-one stock split effective July 1, 2025.
• Total assets increased to JPY 34,837 million, net assets to JPY 23,189 million, and the equity ratio improved to 63.6%.
• The year-end dividend for FY2026 was JPY 90.00 per share, with total annual dividends amounting to JPY 725 million and a payout ratio of 37.8%.
• For the fiscal year ending June 2027, the company forecasts consolidated net sales of JPY 39,000 million (up 5.4%), operating income of JPY 3,200 million (up 12.4%), ordinary income of JPY 3,300 million (up 10.4%), and profit attributable to owners of parent of JPY 2,200 million (up 14.5%), with basic earnings per share projected at JPY 272.75.

While the fiscal year ended June 2026 saw a decline in both revenue and profit, the company’s forecast for the upcoming fiscal year projects a return to growth, which may capture investor attention. The increase in total assets, net assets, and an improved equity ratio suggest a strengthening financial position. Furthermore, an increase in the dividend payout ratio could indicate a sustained commitment to shareholder returns.

• Keiyo Gas reported consolidated net sales of 64,446 million JPY for the second quarter (interim period) of the fiscal year ending December 2026, marking a 1.4% decrease from the prior interim period.
• Operating profit increased by 14.1% to 5,371 million JPY, ordinary profit rose by 24.1% to 6,265 million JPY, and net profit attributable to parent company shareholders grew by 24.3% to 4,504 million JPY.
• The full-year consolidated earnings forecast has been revised upwards, with ordinary profit adjusted to 4,000 million JPY (up 400 million JPY from previous forecast) and net profit attributable to parent company shareholders to 3,100 million JPY (up 200 million JPY). Net sales and operating profit forecasts remain unchanged.
• The interim dividend forecast is maintained at 13.00 JPY per share.
• By segment, while the “Energy” segment saw a decrease in net sales, the “Life Services” segment achieved net sales of 4,305 million JPY (up 38.1%) and segment profit of 629 million JPY (up 125.2%). The “Real Estate” segment recorded net sales of 1,265 million JPY (up 24.4%) and segment profit of 618 million JPY (up 80.7%).

The interim financial results suggest that despite a slight decline in net sales, cost reductions and growth in non-core business segments likely contributed to the significant increase in profits. The upward revision of the full-year earnings forecast is primarily attributed to anticipated improvements in non-operating income and expenses. The strong performance in various profit metrics, particularly in the Life Services and Real Estate segments, could indicate the effectiveness of the company’s diversification strategy amidst challenges such as decreased gas sales volumes and downward adjustments in selling prices due to the raw material cost adjustment system.

• Zaoh Sangyo announced its unaudited financial results for the first quarter of the fiscal year ending March 2027 on August 10, 2026.
• For Q1 FY2027 (April 1, 2026 – June 30, 2026), net sales were JPY 1,966 million, a decrease of 1.9% compared to the same period last year.
• Operating profit for the same period was JPY 165 million, down 7.8% year-on-year.
• Ordinary profit increased by 5.1% to JPY 195 million, and quarterly net profit rose by 3.1% to JPY 125 million.
• Basic earnings per share for the quarter were JPY 23.05.
• The full-year earnings forecast for FY2027 remains unchanged from the forecast announced on May 13, 2026.

While net sales and operating profit experienced a year-on-year decline, the increase in ordinary profit and quarterly net profit is a notable point. This divergence may suggest that non-operating factors, such as financial income or changes in cost structure, had a positive impact on the bottom line. The unchanged full-year forecast could indicate that the company anticipates a recovery or views the current performance as aligned with its projections.

• Poval Kogyo announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026 – June 30, 2026).
• Net sales reached ¥1,025 million, representing a 15.4% increase compared to the same period of the previous fiscal year.
• Operating profit was ¥119 million (+22.6% YoY), and ordinary profit was ¥131 million (+21.3% YoY).
• Net income attributable to owners of parent increased by 41.6% year-on-year to ¥67 million.
• By segment, “Comprehensive Adhesive & Resin Processing” recorded sales of ¥827 million (+11.2% YoY), and “Specialty Designed Machinery” recorded sales of ¥198 million (+36.6% YoY).
• There were no revisions to the consolidated full-year earnings forecast for the fiscal year ending March 2027 or the annual dividend forecast (total dividend of ¥42.00).

Poval Kogyo’s Q1 FY2027 results show double-digit growth across net sales and all profit metrics compared to the prior year. The substantial 41.6% increase in net income attributable to owners of parent suggests that strategies like deepening existing customer relationships, expanding sales channels for next-generation semiconductor polishing pads, and cost reduction initiatives have been effective. The significant 36.6% growth in sales within the Specialty Designed Machinery segment indicates that specific business areas may be acting as key growth drivers for the company.

• Ariake Japan Co., Ltd. announced on August 10, 2026, a correction to a portion of its “Q1 FY2027 Earnings Presentation Materials.”
• The correction pertains to content on slide page 3 of the earnings presentation materials disclosed on August 7, 2026.
• The specific correction concerns the “net profit of subsidiaries against plan” within the “Q1 FY2027 Earnings Summary.”
• The corrected “Q1 FY2027 Earnings Presentation Materials” are available on the company’s official website.

This correction indicates an amendment to the figures regarding the net profit of subsidiaries compared to the plan, as presented in the earnings materials. Such revisions, particularly concerning fundamental financial performance metrics, are typically viewed as important for investors in evaluating corporate performance. Investors may wish to consult the updated materials on the company’s website to ensure they are referencing the most accurate information.

• Showa Bond Holdings Co., Ltd. has resolved to distribute a year-end dividend from retained earnings, with the record date set for June 30, 2026.
• The dividend per share has been determined at ¥25.25.
• This amount represents an increase of ¥0.25 per share from the most recent dividend forecast of ¥25.00 (announced on August 12, 2025).
• The total dividend amount is ¥5,063 million.
• The effective date for the dividend payment is September 28, 2026, and the source of the dividend is retained earnings.
• The company implemented a 4-for-1 stock split for its common shares on January 1, 2026.

This announcement indicates Showa Bond Holdings’ decision to increase its dividend beyond the previously forecasted amount, aligning with its shareholder return policy. The determined dividend of ¥25.25 per share, post-stock split, may be viewed by investors as a positive signal regarding the company’s commitment to shareholder returns. When comparing to historical dividend figures, the impact of the stock split should be taken into consideration.

• Kudo Corp has released its consolidated financial results for the fiscal year ended June 2026.
• Consolidated net sales reached ¥24,619 million (up 9.4% year-on-year), operating profit ¥944 million (up 46.0% year-on-year), ordinary profit ¥891 million (up 44.5% year-on-year), and profit attributable to owners of parent ¥525 million (up 8.8% year-on-year).
• Segment-wise, net sales for the construction business were ¥15,008 million (up 16.6% year-on-year), real estate business ¥3,353 million (down 4.5% year-on-year), and nursing care business ¥6,257 million (up 2.3% year-on-year).
• The annual dividend per share for the fiscal year ended June 2026 was ¥127.00 (an increase of ¥10.00 from the previous year).
• For the fiscal year ending June 2027, the company forecasts consolidated net sales of ¥25,345 million (up 2.9% year-on-year), operating profit of ¥634 million (down 32.9% year-on-year), and profit attributable to owners of parent of ¥305 million (down 42.0% year-on-year).

Kudo Corp’s FY2026 consolidated results show growth across all key metrics, with operating profit experiencing a significant surge. The construction business appears to be a primary driver of this performance, while the real estate segment saw a decrease in sales but an increase in operating profit, which may suggest a shift in business focus or improved efficiency. Investors might want to monitor the company’s detailed outlook for the upcoming fiscal year, given the projected decline in profits.

• COMO Co., Ltd. announced its unaudited financial results for the first quarter of the fiscal year ending March 2027 on August 10, 2026.
• For Q1 FY2027 (April 1, 2026 – June 30, 2026), the company reported net sales of JPY 1,833 million, operating profit of JPY 86 million, ordinary profit of JPY 85 million, and net income for the quarter of JPY 145 million.
• Basic earnings per share for the quarter were JPY 41.80.
• As of the end of the first quarter, total assets stood at JPY 4,972 million, net assets at JPY 2,197 million, and the equity ratio was 44.2%.
• The full-year forecast for FY2027 remains unchanged, projecting net sales of JPY 7,300 million, operating profit of JPY 208 million, ordinary profit of JPY 184 million, net income of JPY 205 million, and basic earnings per share of JPY 59.00.
• A special profit of JPY 98 million from the extinguishment of intercompany shares, resulting from the absorption merger of a wholly-owned subsidiary on April 1, 2026, was recorded.

COMO transitioned from consolidated to non-consolidated financial statements at the beginning of FY2027, therefore, year-over-year comparisons for the first quarter are not provided. The company reported solid sales and profits in Q1, and its progress towards the full-year forecast may be worth monitoring. The special profit of JPY 98 million from the merger of a wholly-owned subsidiary appears to have contributed to the net income for the quarter.

• Tsukada Global Holdings announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending December 2026.
• Net sales reached ¥36,876 million, a 9.3% increase compared to the same interim period last year.
• Operating profit was ¥3,519 million (down 9.1% year-on-year), and ordinary profit was ¥3,104 million (up 34.2% year-on-year).
• Net income attributable to owners of the parent company was ¥2,285 million, a decrease of 47.9% from the previous interim period.
• Interim earnings per share (EPS) were ¥48.47, down from ¥92.44 in the prior year’s interim period.
• The interim dividend for the fiscal year ending December 2026 is projected at ¥7.00 per share, with the full-year forecast maintained at ¥14.00 (¥7 interim, ¥7 year-end).
• The full-year consolidated performance forecast remains unchanged, anticipating net sales of ¥77,797 million (up 6.4% year-on-year), operating profit of ¥10,095 million (up 5.8% year-on-year), and net income attributable to owners of the parent of ¥6,014 million (up 26.1% year-on-year).

While revenue increased, a notable point in these interim results is the significant decline in net income attributable to owners of the parent, despite an increase in ordinary profit. This appears to be largely due to the absence of substantial extraordinary gains (gain on step acquisition and negative goodwill) recorded in the prior year’s interim period. With the full-year guidance unchanged, investors may focus on the company’s performance in the second half of the fiscal year.

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

• Townnews Co., Ltd. announced its non-consolidated financial results for the fiscal year ended June 2026 (July 1, 2025 to June 30, 2026).
• Sales revenue was ¥3,987 million (up 8.4% year-on-year), operating profit was ¥593 million (up 28.4% year-on-year), ordinary profit was ¥668 million (up 13.9% year-on-year), and net profit was ¥454 million (up 16.8% year-on-year).
• Earnings per share for FY2026 June was ¥82.33, and the annual dividend was ¥22.00 (compared to ¥20.00 in the previous fiscal year).
• The forecast for FY2027 June projects sales of ¥4,200 million (up 5.3% year-on-year), operating profit of ¥617 million (up 4.1% year-on-year), ordinary profit of ¥700 million (up 4.7% year-on-year), and net profit of ¥455 million (up 0.1% year-on-year).
• Total assets at the end of the period were ¥6,463 million (up 11.6% year-on-year), net assets were ¥5,674 million (up 11.1% year-on-year), and the equity ratio was 87.8%.

Townnews’ FY2026 June results show strong revenue and profit growth across all key metrics. This performance appears to be driven by non-paper media sales, including Public-Private Partnership (PPP) related projects and digital initiatives. The increase in the annual dividend, coupled with a positive outlook for continued revenue and profit growth in FY2027 June, may suggest a stable growth trajectory for the company.

• JTP Corporation announced its financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026, to June 30, 2026).
• Net sales for the first quarter were ¥2,483,655 thousand, marking a 7.4% increase compared to the same period last year.
• Operating income increased by 51.3% year-over-year to ¥226,917 thousand.
• Ordinary income rose by 48.7% year-over-year to ¥227,538 thousand.
• Net income for the quarter was ¥150,857 thousand, up 48.3% from the prior year’s first quarter.
• The Digital Innovation segment reported net sales of ¥800,128 thousand (up 42.9% year-over-year) and segment income of ¥134,743 thousand (compared to a segment loss of ¥8,577 thousand in the prior year).
• The ICT segment’s net sales were ¥1,205,690 thousand (down 6.4% year-over-year) with segment income of ¥276,456 thousand (down 7.3% year-over-year).
• The Life Science segment recorded net sales of ¥467,792 thousand (up 4.1% year-over-year) and segment income of ¥66,122 thousand (down 3.8% year-over-year).
• The full-year forecast for FY2027 remains unchanged, projecting net sales of ¥10,000 million (+1.0% YoY), operating income of ¥1,000 million (+3.8% YoY), ordinary income of ¥1,000 million (+2.0% YoY), and net income of ¥700 million (+2.0% YoY).

JTP’s Q1 FY2027 results show solid growth across key financial metrics, with the Digital Innovation segment appearing to be a significant driver of this performance, reversing a prior-year loss. Conversely, the ICT segment experienced a decline in both sales and profit, while the Life Science segment saw increased sales but decreased profit. These varied segment performances could indicate the company’s strategic focus areas and challenges within different business units, which may be worth monitoring for investors.

• Pietro Co., Ltd. announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026, to June 30, 2026).
• Net sales reached JPY 3.35 billion, marking a 12.8% increase compared to the same period in the previous year.
• Operating profit was JPY 93 million, representing a 109.2% increase year-on-year.
• Ordinary profit stood at JPY 64 million (compared to a loss of JPY 31 million in the prior year’s period), while net profit attributable to owners of the parent was JPY 12 million (down 81.6% year-on-year).
• By segment, the product business reported sales of JPY 2.05 billion (up 16.0% YoY), and the store business reported sales of JPY 1.254 billion (up 8.2% YoY).
• The full-year consolidated earnings forecast for the fiscal year ending March 2027 remains unchanged from the most recently published figures, projecting net sales of JPY 12.5 billion, operating profit of JPY 70 million, ordinary profit of JPY -110 million, and net profit attributable to owners of the parent of JPY -141 million.

Pietro’s Q1 FY2027 results show significant year-over-year growth in both net sales and operating profit, which may suggest a recovery trend across its operations. The store business, in particular, saw improved profitability due to strong sales from both existing and new stores, complemented by the closure of unprofitable locations in the prior period. However, the decrease in net profit attributable to owners of the parent, largely a reversal from a fixed asset sale gain in the previous year, is also worth monitoring for investors.

• Kichiri Holdings Co., Ltd. announced its consolidated financial results for the fiscal year ended June 30, 2026.
• Consolidated net sales were ¥16,730 million (up 11.1% year-on-year), operating profit was ¥638 million (up 9.8% year-on-year), and ordinary profit was ¥576 million (up 4.3% year-on-year).
• Net profit attributable to owners of the parent company was ¥222 million (down 28.2% year-on-year).
• By segment, the Restaurant Business reported net sales of ¥16,102 million (up 10.4% year-on-year) and operating profit of ¥463 million (down 0.8% year-on-year). The DX Consulting Business reported net sales of ¥692 million (up 26.2% year-on-year) and operating profit of ¥174 million (up 52.9% year-on-year).
• For the fiscal year ending June 30, 2027, the company forecasts consolidated net sales of ¥18,000 million (up 7.6% year-on-year), operating profit of ¥800 million (up 25.2% year-on-year), ordinary profit of ¥750 million (up 30.1% year-on-year), and net profit attributable to owners of the parent company of ¥350 million (up 57.1% year-on-year).

Kichiri Holdings’ FY2026 results show a robust double-digit increase in net sales, but a decline in net profit attributable to shareholders. This divergence may be attributed to the significant growth in the DX Consulting business being offset by a slight decrease in operating profit from the core Restaurant Business, coupled with other factors impacting the net profit level. The company’s FY2027 forecast projects growth across all profit metrics, suggesting an anticipated recovery and potential benefits from ongoing strategic initiatives.

• Toabo Corporation announced its consolidated financial results for the second quarter (interim) of the fiscal year ending December 2026.
• Net sales were ¥8,672 million (down 1.2% year-on-year), operating profit was ¥324 million (down 21.3%), and ordinary profit was ¥372 million (down 26.3%).
• Net profit attributable to owners of parent significantly increased by 73.9% year-on-year to ¥437 million.
• By segment, the Interior & Industrial Materials business reported net sales of ¥3,588 million (up 0.5%) and operating profit of ¥181 million (up 168.6%). The Electronics business saw net sales increase to ¥641 million (up 21.2%) but recorded an operating loss of ¥5 million.
• The full-year consolidated performance forecast remains unchanged: net sales of ¥18,500 million, operating profit of ¥800 million, ordinary profit of ¥720 million, and net profit attributable to owners of parent of ¥520 million, with basic earnings per share of ¥59.03.
• The annual dividend forecast is ¥15.00 per share for the year-end (interim ¥0.00), totaling ¥15.00.

While net sales, operating profit, and ordinary profit declined year-on-year, the significant increase in net profit attributable to owners of parent is a key point of interest for investors. This suggests that specific business segments or other income factors may have positively impacted the bottom line. The strong performance of the Interior & Industrial Materials segment appears to be a notable contributor to overall profitability.

• P-Himeji Rika announced its interim financial results for the fiscal year ending December 2026 (January 1, 2026 to June 30, 2026).
• Consolidated net sales reached ¥8,131 million, marking a 15.6% increase compared to the same period last year.
• Operating income was ¥451 million (compared to an operating loss of ¥451 million in the prior year’s interim period), and ordinary income was ¥418 million (compared to an ordinary loss of ¥737 million in the prior year’s interim period), indicating a return to profitability for both.
• Net income attributable to owners of parent significantly improved to ¥3,859 million (compared to a net loss of ¥597 million in the prior year’s interim period).
• Basic earnings per share for the interim period was ¥486.74.
• The financial position shows total assets of ¥40,856 million and net assets of ¥8,701 million, with the equity ratio improving to 21.3%.
• The full-year consolidated earnings forecast for FY2026 includes net sales of ¥18,481 million (27.6% increase from previous fiscal year), operating income of ¥988 million, ordinary income of ¥906 million, and net income attributable to owners of parent of ¥4,590 million (no year-on-year change rate provided). Basic earnings per share for the full year is projected at ¥578.91.
• Revisions were made to the most recently disclosed dividend forecast and earnings forecast.

P-Himeji Rika’s interim results demonstrate a significant recovery from the prior year, with the turnaround to profitability in operating income, ordinary income, and net income being a key highlight. The robust demand in the semiconductor-related market appears to have contributed to increased sales and improved profitability. The upward revision of the full-year earnings forecast suggests a positive outlook, which may warrant continued monitoring by investors.

• Flying Garden Co., Ltd. announced its unaudited financial results for the first quarter of the fiscal year ending March 2027 on August 10, 2026.
• For the first quarter of FY2027 (April 1, 2026 – June 30, 2026), net sales were JPY 2.368 billion, representing a 10.3% increase compared to the same period in the previous year.
• During the same period, operating profit rose by 2.4% year-over-year to JPY 131 million, ordinary profit increased by 3.9% to JPY 137 million, and quarterly net profit grew by 4.3% to JPY 83 million, indicating both increased revenue and profit.
• One new store, the “Fukaya Store,” was opened during the first quarter, bringing the total number of stores to 60, an increase of one from the end of the previous fiscal year.
• The company’s full-year and second-quarter consolidated earnings forecasts for FY2027 remain unchanged from the most recently publicly announced projections.

Flying Garden’s Q1 FY2027 results show growth in both revenue and profits, despite a challenging operating environment for the restaurant industry. The increase in the number of stores and solid performance of existing locations appear to have contributed to these results. Investors may want to monitor how the company addresses ongoing cost pressures in future quarters.

• Hotto Link Inc. released its supplementary financial materials for the second quarter of the fiscal year ending December 2026 on August 10, 2026.
• Sales for the quarter generally progressed stably towards achieving the full-year forecast.
• Valuation losses were recorded for direct investments and funds due to the deterioration of the cryptocurrency market, but adjusted operating profit, excluding the impact of investment losses, secured a black figure.
• The company launched “NonagonLink (beta version),” a data distribution platform connecting corporate data and AI agents, exclusively in Japan to begin verification for commercialization.
• An interim dividend of 3.1 yen per share was resolved, and the annual dividend forecast of 6.2 yen per share is maintained.

Hotto Link’s Q2 supplementary materials indicate stable sales progression, which may suggest a steady underlying business performance. Despite recording valuation losses due to cryptocurrency market fluctuations, the fact that adjusted operating profit remained positive could indicate the resilience of their core business profitability. The launch of “NonagonLink (beta version)” points towards the company’s strategic move into new business areas for the AI era, which could be a key growth driver worth monitoring.

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

• Ohmura Shigyo announced its non-consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026, to June 30, 2026).
• Net sales reached ¥1,553 million, marking a 3.1% increase compared to the same quarter of the previous fiscal year.
• Operating income was ¥132 million, a substantial 86.0% increase year-over-year.
• Ordinary income stood at ¥140 million (+84.3% YoY), and quarterly net income was ¥88 million (+72.0% YoY).
• Corrugated cardboard cases were the primary sales item, generating ¥1,062 million in sales and accounting for 68.4% of total sales.
• Total assets increased by ¥128 million from the end of the previous fiscal year, reaching ¥6,694 million.
• There are no revisions to the full-year earnings forecast or dividend forecast for the fiscal year ending March 2027, as previously announced on May 14, 2026.

Ohmura Shigyo’s Q1 FY2027 results show a solid increase in net sales alongside significantly improved profitability compared to the prior year. The substantial growth in operating income, ordinary income, and net income could suggest enhanced operational efficiency or effective cost management. With corrugated cardboard cases representing approximately 70% of total sales, their performance remains a critical factor for the company’s overall financial health.

• Consolidated revenue for Q2 FY2026 (interim) was ¥1,781 million, an increase of 4.0% compared to the same period last year.
• The company reported an operating loss of ¥353 million, an ordinary loss of ¥370 million, and a net loss attributable to parent company shareholders of ¥341 million.
• Basic interim earnings per share were -¥19.89.
• Total assets stood at ¥4,447 million, net assets at ¥1,523 million, and the equity ratio was 33.9%.
• Four companies, Pomatopro Co., Ltd., Cactus Co., Ltd., Maho Co., Ltd., and Pegasus Co., Ltd., were newly added to the scope of consolidation during the interim period.
• The full-year consolidated earnings forecast for FY2026 remains unchanged, projecting revenue of ¥5,300 million (a 60.6% increase YoY) and adjusted EBITDA of ¥400 million.

G-Neural’s Q2 FY2026 results show a revenue increase, yet a reporting of losses across various profit metrics. This outcome may suggest the company is continuing its M&A-driven expansion strategy, with contributions from newly consolidated subsidiaries and an anticipated stronger performance in the second half of the fiscal year for existing businesses. The unchanged full-year forecast indicates the management’s expectation for significant profit improvement in the latter half of the year.

• SOLXYZ announced supplementary financial results for the second quarter (interim) of the fiscal year ending December 2026.
• Consolidated net sales for Q2 (interim) reached 9,231 million yen (up 7.2% year-on-year, 103.7% of plan), and consolidated operating profit was 761 million yen (up 4.4% year-on-year, 101.5% of plan).
• Interim net profit amounted to 482 million yen (up 20.4% year-on-year, 120.7% of plan).
• Both net sales and operating profit achieved record highs for a second quarter.
• All segments (Software Development, Consulting, Solutions) secured increased sales, exceeding their respective plans.
• Order intake and order backlog significantly surpassed the previous year’s levels, maintaining high figures.

This announcement indicates that strong demand related to generative AI and DX development significantly contributed to the company’s performance, with key industries generally performing well. The achievement of increased sales across all segments and record-high results for the second quarter may suggest that SOLXYZ’s business strategies are effectively capitalizing on the expanding digital investment market. Furthermore, the high level of order backlog could imply a stable foundation for revenue generation in the latter half of the fiscal year.

• Matsumoto Yushi Pharmaceutical Co., Ltd. announced its financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026, to June 30, 2026).
• Consolidated performance showed net sales of ¥11,135 million (up 6.1% year-on-year), operating income of ¥2,270 million (up 12.1% year-on-year), ordinary income of ¥2,899 million (up 31.8% year-on-year), and net income attributable to owners of parent of ¥2,004 million (up 31.5% year-on-year).
• By segment, net sales to external customers in Japan were ¥10,536 million (up 5.6% year-on-year), with segment income of ¥2,220 million (up 12.6% year-on-year). In Asia, net sales to external customers were ¥598 million (up 15.4% year-on-year), with segment income of ¥63 million (up 49.1% year-on-year).
• Revisions were made to the full-year consolidated performance forecast and the annual dividend forecast from the latest publicly announced figures. The full-year net sales are projected to be ¥41,100 million (0.1% increase year-on-year), and net income is projected at ¥6,800 million (△15.4% decrease year-on-year).
• The equity ratio was 84.4%, with total assets at ¥108,872 million and net assets at ¥93,992 million.

Matsumoto Yushi reported an increase in sales and all profit metrics for the first quarter of FY2027 compared to the prior year. The growth in sales and segment income from the Asia region appears to be a notable contributor. Investors may want to monitor the company’s progress against the revised full-year forecasts in subsequent quarters, as well as the implications of the revised dividend forecast.

• Sansan Corporation announced a correction to a part of its “Consolidated Financial Results for the Fiscal Year Ended May 2026” (Japanese GAAP) on August 10, 2026.
• The correction pertains to the financial results originally disclosed on July 13, 2026.
• The reason for the correction is an error found in the “Total Assets” figure within the individual financial position section of the individual operating results summary.
• Specifically, the “Total Assets” for the fiscal year ended May 2026 was corrected from “55,834 million yen” to “55,829 million yen.”
• There were no corrections to Net Assets, Equity Ratio, Net Assets per Share, or any figures for the fiscal year ended May 2025.

This correction involves a minor adjustment to “Total Assets” in the individual financial position, and it does not appear to impact other key financial indicators previously reported. For investors, such a precise correction, limited to a single item, may suggest a commitment to data accuracy rather than indicating broader issues with the company’s overall financial health or profitability. However, the integrity of disclosed information is crucial for corporate credibility, making future disclosures and internal controls worth monitoring.

• Fuso Pharmaceutical Co., Ltd. announced its financial results for the first quarter of FY2027 (April 1, 2026 – June 30, 2026).
• Net sales for Q1 amounted to JPY 16,046 million, an increase of 3.5% compared to the same period of the previous fiscal year.
• Operating income was JPY 972 million, marking a significant increase of 63.0% year-on-year.
• Ordinary income reached JPY 911 million (up 40.9% YoY), and quarterly net income was JPY 642 million (up 39.0% YoY).
• Basic earnings per share for the quarter stood at JPY 75.30.
• The full-year forecast for FY2027 and the annual dividend forecast of JPY 90.00 remain unchanged from the most recently published figures.

Fuso Pharmaceutical’s Q1 FY2027 results show solid revenue growth coupled with a substantial increase in profits. The company attributed this performance to effective sales promotion activities, despite negative impacts on generic drug sales from drug price revisions. However, the unchanged full-year outlook suggests a cautious stance on the persistent uncertainties in the economic environment, which may be worth monitoring as the fiscal year progresses.

• For Q3 FY2026 (cumulative), G-Kringle reported net sales of ¥323 million, marking a 501.0% increase year-on-year.
• During the same period, the company recorded an operating loss of ¥633 million, an ordinary loss of ¥628 million, and a net loss of ¥631 million for the quarter.
• Diluted earnings per share for the quarter were △¥84.44.
• An agreement was reached with the Pharmaceuticals and Medical Devices Agency (PMDA) in May 2026 regarding the outline of an additional Phase III clinical trial plan for acute spinal cord injury, and the Clinical Trial Notification was submitted to the PMDA in June 2026.
• The company obtained Orphan Drug Designation for its acute spinal cord injury treatment from the U.S. Food and Drug Administration (FDA) in June 2025 and from the European Medicines Agency (EMA) in April 2026.

• Kikukawa Enterprise Co., Ltd. announced its non-consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026 – June 30, 2026).
• Net sales for Q1 FY2027 were ¥470 million, representing a 43.6% decrease compared to the same period of the previous year.
• The company reported an operating loss of ¥135 million, an ordinary loss of ¥87 million, and a net loss of ¥55 million for the quarter. In the prior year’s same period, all these categories showed profits.
• Basic earnings per share for the quarter were ¥△45.49.
• The full-year forecast for FY2027 (net sales ¥4.5 billion, operating profit ¥450 million, ordinary profit ¥500 million, net profit ¥350 million, annual dividend ¥120) remains unchanged from the most recently announced projections.

Kikukawa’s Q1 FY2027 results show a significant year-over-year decline in net sales and a shift from profit to loss across all profitability metrics. The substantial decrease in sales could be a key focus point for investors analyzing the company’s performance. However, the unchanged full-year outlook suggests that management anticipates a recovery in the subsequent quarters, aligning with their initial plan.

• For Q1 FY2027, revenue totaled ¥436 million, marking a 38.4% increase compared to the same period last year.
• The company reported an operating loss of ¥45 million, an ordinary loss of ¥41 million, and a net loss of ¥51 million for the quarter. All loss figures showed a reduction compared to the prior year’s first quarter.
• The Laser Device business recorded sales of ¥365 million (up 22.9% YoY) and segment profit of ¥89 million (up 43.5% YoY). DFB lasers, small visible lasers, and high-power lasers saw increased revenue, while quantum dot lasers experienced a decrease.
• The Laser Optical Solution business generated sales of ¥70 million (up 296.8% YoY) and a segment loss of ¥36 million (compared to a segment loss of ¥57 million in the prior year). Growth in development contracts contributed to this increase.
• The full-year forecast remains unchanged from the most recently announced figures: revenue of ¥1,850 million, operating income of ¥3 million, ordinary income of ¥3 million, and net income of ¥441 million.

G-QD Laser’s Q1 FY2027 results highlight a substantial increase in revenue and a narrowing of losses, which may indicate progress in its business strategies. The significant growth in the Laser Optical Solution business, driven by joint development for XR glasses and expanded development contracts, suggests a successful structural transformation. While a temporary decline in quantum dot laser revenue was attributed to the relocation and temporary shutdown of MBE operations, the company’s ability to restart MBE production and maintain its full-year profitability forecast will be worth monitoring.

• GENOVA’s consolidated net sales for the first quarter of fiscal year 2027 reached ¥3.05 billion, marking a 165% increase year-on-year.
• The company reported a consolidated operating loss of ¥(0.22) billion for the same period.
• Sales for the Medical Platform business were ¥1.14 billion (+107.3% YoY), and for the Smart Clinic business, sales were ¥0.97 billion (+144.7% YoY).
• The Dental Supply Distribution business recorded sales of ¥0.82 billion, including the consolidated contribution from ASANO.
• A special gain of ¥0.49 billion was recognized due to the waiver of stock acquisition rights, resulting in a net profit attributable to owners of the parent of ¥0.24 billion.
• Personnel expenses increased by ¥0.18 billion year-on-year, with manufacturing costs at ¥1.52 billion and personnel expenses at ¥0.94 billion being the primary cost components.

GENOVA’s Q1 FY2027 results show substantial revenue growth, primarily driven by strong performances in its existing Medical Platform and Smart Clinic businesses, augmented by the consolidation of the Dental Supply Distribution business through M&A. While operating profit recorded a loss due to upfront investments, the company achieved a net profit due to a special gain, suggesting that strategic investments for future expansion are underway. Investors may wish to monitor how these investments translate into sustained profitability in subsequent quarters.

• KKE Holdings has decided on a year-end dividend and a special dividend for shareholders as of June 30, 2026.
• The dividend per share is ¥47, consisting of an ordinary dividend of ¥35 and a special dividend of ¥12.
• The total dividend amount will be ¥511 million.
• The effective date for the dividend payment is September 11, 2026.
• The total annual dividend for the fiscal year ending June 2026 amounts to ¥102 (¥15 for Q1, ¥20 for Q2, ¥20 for Q3, plus the ¥47 year-end/special dividend), representing an increase of ¥12 from the previously announced forecast of ¥90.

This announcement highlights KKE Holdings’ commitment to shareholder returns, as evidenced by the special dividend aligned with its policy of maintaining a consolidated DOE (Dividend on Equity) of approximately 10%. The decision may be viewed as a positive signal regarding the company’s financial health and its stance on profit distribution. Investors might consider monitoring how this dividend policy aligns with future business developments and strategies for strengthening its management foundation.

• Meito Co., Ltd. announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026 – June 30, 2026).
• Consolidated net sales reached ¥6,337 million, representing a 2.0% increase compared to the same period of the previous year.
• Consolidated operating income was ¥179 million (down 61.9% year-on-year), while consolidated ordinary income grew to ¥1,411 million (up 19.1% year-on-year). Net income attributable to owners of the parent increased by 1.6% to ¥993 million.
• By segment, sales for the Food Business were ¥5,223 million (up 0.4%), the Chemical Products Business recorded ¥993 million (up 4.8%), and the Real Estate Business saw sales of ¥119 million (up 83.5%).
• The full-year consolidated performance forecast for the fiscal year ending March 2027 has been revised upwards, projecting net sales of ¥30,500 million (up 4.8%), operating income of ¥1,800 million (up 46.3%), ordinary income of ¥5,000 million (up 71.6%), and net income attributable to owners of the parent of ¥4,600 million (up 49.9%).

While sales showed modest growth, the significant decline in operating income suggests pressures from rising raw material costs and personnel expenses. However, the substantial increase in ordinary income and net income indicates a positive impact from non-operating items, specifically gains from the sale of investment securities. The upward revision of the full-year forecast for all profit metrics may signal confidence in future performance despite the Q1 operating income dip.

• G-ASUA (ASUA Inc.) announced its full-year non-consolidated financial results for the fiscal year ended June 2026.
• Net sales increased by 4.9% year-on-year to JPY 1,461 million.
• Operating profit was JPY 135 million (down 31.7% YoY), ordinary profit was JPY 136 million (down 22.2% YoY), and net profit was JPY 86 million (down 18.7% YoY).
• The decline in profits was primarily attributed to impacts from withdrawing from non-core businesses, strategic human resources investments for future growth, the introduction of a shareholder benefit program, and one-off expenses related to stock market segment changes.
• By segment, Mobility Solution business sales increased by 3.7% YoY to JPY 922 million, with segment profit up 4.5% YoY to JPY 373 million, showing robust performance.
• For the fiscal year ending June 2027, the company forecasts net sales of JPY 1,475 million (up 1.0% YoY), operating profit of JPY 163 million (up 20.8% YoY), and net profit of JPY 101 million (up 18.4% YoY).

G-ASUA’s FY2026 results indicate that while revenue growth was steady, profits were impacted by proactive upfront investments and one-off expenses. The robust performance of the Mobility Solution business, driven by demand related to Japan’s “2024 logistics problem” and “New Logistics Two Laws,” suggests a focus on strengthening future revenue foundations. Investors may want to monitor how these strategic investments and the non-core business withdrawal will contribute to the company’s performance going forward.

• Cominix Co., Ltd. has revised its consolidated earnings forecast upward for the second quarter (interim) and full fiscal year ending March 2027.
• The interim consolidated earnings forecast was revised as follows: Net sales from ¥21,400 million to ¥24,000 million (+12.1%), Operating profit from ¥486 million to ¥1,000 million (+105.8%), and Ordinary profit from ¥459 million to ¥1,000 million (+117.9%).
• The full-year consolidated earnings forecast was revised as follows: Net sales from ¥43,000 million to ¥45,000 million (+4.7%), Operating profit from ¥1,200 million to ¥1,600 million (+33.3%), and Ordinary profit from ¥1,150 million to ¥1,600 million (+39.1%).
• The dividend forecast for the fiscal year ending March 2027 was also revised, increasing the interim and year-end dividends from ¥20.00 to ¥25.00 per share each, resulting in an annual dividend of ¥50.00 per share (an increase of ¥10.00).
• The primary reasons for the revision include higher-than-expected rush demand in the cutting tool business due to product price revisions and robust demand from the semiconductor equipment-related industry, particularly in the KMS business.

This earnings forecast revision highlights a significant increase in operating and ordinary profits for the interim period, more than doubling the previous estimates. The upward adjustment in dividend forecasts, attributed to improved performance and a shareholder return policy, may indicate a positive stance on shareholder value. The strong demand in the semiconductor-related industry noted as a key driver suggests that this sector’s performance could continue to influence future results.

• G-MIRATAP Inc. announced its Q3 FY2026 financial results (non-consolidated).
• For the cumulative third quarter, net sales were ¥11,888 million, operating profit was ¥267 million, ordinary profit was ¥232 million, and net income for the quarter was ¥233 million.
• Diluted earnings per share for the quarter were ¥12.98.
• Total assets reached ¥8,835 million, net assets ¥3,034 million, and the equity ratio was 31.7%.
• The company transitioned to non-consolidated financial statements from the first quarter due to the sale of all shares of its consolidated subsidiary, Best Bright Co., Ltd., on September 29, 2025, thus year-on-year comparisons are not provided.
• The full-year forecast for FY2026 remains unchanged, projecting net sales of ¥17,035 million, operating profit of ¥352 million, ordinary profit of ¥324 million, net income of ¥227 million, and EPS of ¥12.53.

G-MIRATAP’s Q3 FY2026 results represent the first cumulative period reported under non-consolidated accounting following the divestiture of its subsidiary. This establishes a new baseline for the company’s performance and is a key data point for investors to monitor going forward. The unchanged full-year forecast could suggest management’s confidence in achieving its targets under the revised business structure.

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

• Wacoal Holdings Co., Ltd. announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026 – June 30, 2026).
• Consolidated revenue increased by 8.8% year-on-year to ¥48,905 million.
• Business profit decreased by 34.3% year-on-year to ¥1,578 million.
• Operating profit significantly declined by 90.8% year-on-year to ¥1,812 million, primarily due to the reversal of a ¥16,762 million gain on the sale of fixed assets, including the New Kyoto Building, recorded in the prior year’s same period.
• Profit attributable to owners of the parent decreased by 88.7% year-on-year to ¥1,553 million.
• The full-year consolidated earnings forecast for FY2027 remains unchanged, projecting revenue of ¥187.6 billion (up 9.4% year-on-year) and profit attributable to owners of the parent of ¥1.8 billion (down 86.3% year-on-year).

Wacoal Holdings’ Q1 FY2027 results show revenue growth, partly driven by an acquisition in the US and a recovery from a fire incident at Bravissimo Group. However, the significant decline in profits appears to be primarily attributable to the absence of the prior year’s substantial gain from asset sales, along with increased upfront investments aimed at enhancing brand recognition in the US. Investors may consider monitoring the impact of these strategic investments on future profitability and the overall trend in selling, general, and administrative expenses.

• Cross Marketing Group Inc. announced its consolidated financial results for the fiscal year ended June 2026.
• Consolidated net sales for the fiscal year ended June 2026 amounted to ¥33,204 million, representing a 14.9% increase from the previous fiscal year.
• Operating profit was ¥1,790 million (down 29.1% year-on-year), and ordinary profit was ¥1,809 million (down 24.6% year-on-year).
• Profit attributable to owners of parent was ¥796 million, a 41.3% decrease compared to the previous fiscal year.
• For the fiscal year ending June 2027, the company forecasts consolidated net sales of ¥40,000 million (up 20.5% year-on-year) and profit attributable to owners of parent of ¥1,300 million (up 63.4% year-on-year).

Cross Marketing Group’s fiscal year 2026 results show robust top-line growth, with net sales increasing by a double-digit percentage, while profits declined compared to the prior year. The digital marketing segment, supported by new consolidations, significantly contributed to sales growth, alongside an increase in the research and insight segment. The company’s optimistic forecast for substantial sales and profit growth in the upcoming fiscal year ending June 2027 may suggest confidence in its future business strategies and market position.

• G-ELTES Co., Ltd. announced the addition of new exchange options for its shareholder benefit digital gift.
• The newly added exchange options are WAON POINT, nanaco Gift, and Apple Gift Card.
• A 5% fee will be applied for exchanges to PayPay Money Lite and nanaco Gift.
• This change exclusively pertains to the expansion of digital gift exchange options, with no alterations to the terms, value, record date, shipping period, or reception methods of the shareholder benefit program.
• The expanded options will be applicable to shareholder benefits for shareholders holding 400 shares or more, as recorded in the shareholder register as of August 31, 2026.

This announcement suggests an effort by G-ELTES to enhance shareholder convenience by broadening the range of choices for its digital gift program. The inclusion of widely used electronic money and gift cards could potentially increase the appeal of the shareholder benefit program by catering to diverse preferences. Investors may consider the implications of the 5% exchange fee for certain options, which could impact the effective value received.

• Temona Inc. announced its consolidated financial results for the third quarter of the fiscal year ending September 2026 (October 1, 2025 – June 30, 2026).
• During this cumulative third quarter, net sales were 1,338 million yen, representing a 3.0% decrease compared to the same period of the previous year.
• The company reported an operating loss of 29 million yen (compared to a profit of 132 million yen in the prior year period), an ordinary loss of 35 million yen (compared to a profit of 130 million yen), and a net loss attributable to owners of parent of 40 million yen (compared to a profit of 87 million yen).
• In the EC support business, “Subscription Store” saw a 70.8% decrease in contract development revenue, and “Tamago Repeat” experienced a 36.1% decrease in recurring revenue.
• The full-year consolidated earnings forecast remains unchanged, projecting net sales of 2,025 million yen (up 10.5% YoY), operating profit of 60 million yen (down 61.5% YoY), and net profit attributable to owners of parent of 41 million yen (down 43.8% YoY).

The third-quarter results highlight a decline in contract development and recurring revenues within the core EC support business, contributing to losses across profit metrics. The unchanged full-year forecast could suggest management anticipates a recovery in the fourth quarter or believes the annual losses will remain within the previously guided range. Investors may want to monitor not only the performance of existing businesses but also the contribution from new ventures such as the real-store market “BC Mall” and the FinTech business.

• EM Systems announced its Q2 FY2026 financial results for the fiscal year ending December 2026.
• Consolidated net sales were 10,434 million yen (down 14.1% year-on-year), operating profit was 922 million yen (down 55.7% year-on-year), and net income was 663 million yen (down 58.6% year-on-year).
• Compared to the revised plan announced on May 14, net sales increased by 1.6%, operating profit by 106.2%, and net income by 92.6%, significantly exceeding all profit stages.
• The demand for government administration-related systems (online qualification verification system, electronic prescriptions) peaked in the prior year, resulting in a reactionary decline compared to the previous fiscal year.
• Average Revenue Per User (ARPU) in the pharmacy segment increased by 3.6% year-on-year, driven by the sales progress of the “Pharmacy Record Generation AI Support Option.”
• The full-year consolidated earnings forecast remains unchanged at present, with continued scrutiny due to uncertainties regarding future trends in government administration-related demand.
• The interim dividend will be maintained at 5 yen per share, and the 100% dividend payout ratio policy remains unchanged.

EM Systems’ Q2 FY2026 results show a significant rebound in profits compared to the revised plan, despite a year-on-year decrease in revenue primarily due to the normalization of government-related demand. The notable increase in pharmacy ARPU, driven by the “Pharmacy Record Generation AI Support Option,” suggests that the company’s AI-driven growth strategies are beginning to yield positive results. The decision to keep the full-year forecast unchanged and continue scrutiny may indicate a cautious approach to future demand visibility.

• AutoServer Co., Ltd. announced its financial results for the second quarter of the fiscal year ending December 2026.
• Revenue reached ¥3,595 million, marking a 9.3% increase compared to the same interim period last year.
• Operating profit grew by 18.0% year-on-year to ¥1,413 million.
• Ordinary profit was ¥1,419 million (up 18.4%), and interim net profit was ¥889 million (up 18.9%).
• As of June 30, 2026, ASNET membership totaled 85,054, an increase of 1,305 from the end of December 2025.
• ASNET transaction volume from January to June 2026 was 127,890 units, a 3.1% increase year-on-year.

AutoServer’s Q2 FY2026 results show robust performance with double-digit growth across revenue and profit metrics compared to the prior year. The consistent growth in key business indicators such as ASNET membership and transaction volume may suggest a stable foundation for future earnings. Investors might monitor these trends as key drivers for the company’s sustained business growth.

• Symphotony announced its consolidated interim financial results for the fiscal year ending December 2026 (January 1, 2026 to June 30, 2026).
• Consolidated operating results show net sales of ¥1,655 million (up 56.1% year-on-year), operating profit of ¥105 million (up 207.4% YoY), ordinary profit of ¥105 million (up 205.1% YoY), and interim net income attributable to owners of parent of ¥68 million (up 512.0% YoY).
• Basic earnings per share for the interim period was ¥229.16.
• The consolidated financial position indicates total assets of ¥1,226 million, net assets of ¥531 million, and an equity ratio of 43.3% at the end of the interim period.
• The full-year consolidated earnings forecast for the fiscal year ending December 2026 remains unchanged, projecting net sales of ¥3,163 million (up 41.7% year-on-year) and net income attributable to owners of parent of ¥135 million (up 221.3% YoY).

The interim financial results demonstrate significant year-on-year growth across all key profit metrics, with interim net income attributable to owners of parent more than quintupling. This marks the first year-on-year comparison since the company began preparing consolidated interim financial statements last fiscal year, and the strong performance could be seen as an indicator of the company’s growth trajectory. However, the full-year earnings forecast has not been revised, which suggests that the company’s strong first-half performance may already be factored into the existing full-year projections, or that the company maintains a cautious outlook for the latter half of the fiscal year. This discrepancy between strong interim results and an unchanged full-year forecast is worth monitoring for investors.

• Tsubaki Nakashima Co., Ltd. announced its consolidated financial results for the second quarter of the fiscal year ending December 2026.
• Revenue for the interim period was ¥36,862 million, a 2.2% increase compared to the same period of the previous year.
• Operating profit reached ¥1,320 million, marking a 66.7% increase year-on-year.
• Net loss attributable to owners of parent was △¥124 million, an improvement of ¥841 million from △¥965 million in the prior year’s interim period.
• The full-year consolidated earnings forecast (revenue ¥70,000 million, operating profit ¥2,500 million, net profit attributable to owners of parent ¥500 million) remains unchanged.

In this interim period, the depreciation of the yen contributed to an increase in revenue, while factors such as sluggish demand for internal combustion engine vehicles in Europe and slower-than-expected demand in the US aerospace and defense market had an impact. The significant increase in operating profit appears to be primarily driven by a ¥1,050 million gain from the sale of fixed assets by a US subsidiary, suggesting progress in structural reforms. As the full-year forecast remains unchanged, investors may monitor how future economic conditions and business environments affect the company’s performance.

• Seiko Giken announced on August 10, 2026, revisions to its consolidated earnings forecasts for the second quarter (interim) and full year of fiscal year 2027.
• The Q2 (interim) consolidated earnings forecast for net sales was revised upward by 18.1% from the previous forecast to ¥19.6 billion, and net income attributable to owners of parent was revised up by 40.0% to ¥4.2 billion.
• The full-year consolidated earnings forecast for net sales was revised upward by 20.6% from the previous forecast to ¥41.0 billion, and net income attributable to owners of parent was revised up by 43.8% to ¥9.2 billion.
• Reasons for the earnings revision include increased demand for optical connectors due to active investment in AI data centers driven by the widespread adoption of generative AI, as well as an acceleration in orders for optical connector polishing machines and measuring equipment.
• Concurrently, the dividend forecast for the fiscal year ending March 2027 was also revised, with the interim and year-end dividends each expected to increase to ¥15 per share (post-stock split), for a total annual dividend of ¥30 (post-stock split).

This earnings revision suggests that the expansion of the generative AI market is tangibly contributing to Seiko Giken’s optical connector business. The significant upward revision of over 40% for both interim and full-year net profit forecasts could indicate a shift in the revenue structure or an increase in sales of high-value-added products. The simultaneous announcement of a dividend increase may be seen as a reflection of the company’s commitment to shareholder returns, supported by strong performance.

• VT Holdings Co., Ltd. announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026 – June 30, 2026).
• Consolidated revenue totaled ¥107,963 million, marking a 19.1% increase compared to the same period last year.
• Operating profit was ¥3,809 million (+30.9% YoY), and profit before tax was ¥3,613 million (+38.9% YoY).
• Profit attributable to owners of the parent reached ¥2,053 million, up 51.1% from the prior year’s first quarter.
• Basic earnings per share for the quarter were ¥17.66.
• The Automotive Sales segment reported revenue of ¥99,220 million (+18.6% YoY) and operating profit of ¥2,745 million (+18.7% YoY).
• The Housing-Related segment recorded revenue of ¥8,689 million (+25.3% YoY) and operating profit of ¥698 million (+59.0% YoY).

VT Holdings’ Q1 FY2027 results show significant year-over-year growth across revenue and profit metrics. This strong performance appears to be driven by increased domestic and international automobile sales, complemented by robust activity in its housing-related business. The more than 50% increase in profit attributable to owners of the parent suggests a notable improvement in profitability that investors may find noteworthy.

• Seiyu Kogyo announced its consolidated financial results for the third quarter (cumulative) of the fiscal year ending September 2026.
• Consolidated net sales reached ¥13.415 billion (up 118.0% year-on-year), operating profit was ¥1.178 billion (up 131.9%), ordinary profit was ¥1.091 billion (up 134.3%), and net profit was ¥593 million (up 140.0%).
• By segment, Environmental Business sales were ¥6.907 billion (up 111.4%), Construction Business sales were ¥5.347 billion (up 121.2%), and Environmental Engineering Business sales were ¥899 million (up 222.9%), all showing increased revenue and profit.
• The achievement rates against the full-year forecast for fiscal year September 2026 are: net sales 75.2%, operating profit 95.5%, ordinary profit 98.6%, and net profit 90.1%.
• As a shareholder return measure, the company implemented a 3-for-1 stock split for common shares effective July 1, 2026, and plans a dividend of ¥14.00 per share.

Seiyu Kogyo’s Q3 FY2026 results, showing significant year-on-year growth across all segments and high achievement rates against full-year forecasts, may suggest the positive impact of business reforms and resource injection following M&A activities. The substantial sales growth in the Environmental Engineering Business, up 222.9% year-on-year, could indicate successful progression of large-scale projects. The announced stock split and continued dividend plan are also noteworthy as they reflect the company’s commitment to shareholder returns.

• ＲｅＹｕｕ Japan Inc. announced the financial results for its other related company, Seacastle Singapore Pte. Ltd., for the fiscal years ended December 2024 and December 2025.
• Seacastle Singapore Pte. Ltd. is engaged in shipping management and finance, with a capital of 50,000 Singapore Dollars (¥6,350 thousand).
• For the fiscal year ended December 2024, Seacastle Singapore Pte. Ltd. reported sales of 69,728 Singapore Dollars (¥8,855 thousand) and a net profit of 8,828 Singapore Dollars (¥1,121 thousand).
• For the fiscal year ended December 2025, the company reported no sales and a net loss of 25,356 Singapore Dollars (△¥3,220 thousand).
• Seacastle Singapore Pte. Ltd. holds 1,610,000 shares of common stock and 23,436 share options in ＲｅＹｕｕ Japan, and Tang Koon Heng holds 100.00% of its shares.

ＲｅＹｕｕ Japan has disclosed financial information for a non-listed related company, citing a delay in the disclosure timeline. This release provides insights into the financial health of an entity closely associated with ＲｅＹｕｕ Japan. The shift from a net profit in 2024 to a net loss in 2025 for Seacastle Singapore Pte. Ltd. could be a point of interest for investors assessing the broader financial stability and operational strategies across the group.

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

• Heiwapaper Co., Ltd. reported consolidated net sales of ¥3,929 million for the first quarter of the fiscal year ending March 2027 (April 1, 2026 – June 30, 2026), marking a 5.5% increase year-over-year.
• For the same period, consolidated operating profit was △¥0 million, while ordinary profit reached ¥48 million, a 634.7% increase compared to the prior year’s first quarter.
• Net profit attributable to owners of parent was ¥22 million, turning profitable from a loss of △¥9 million in the previous year’s first quarter.
• Basic earnings per share for the quarter stood at ¥2.43.
• The Japanese and Western Paper Wholesale segment reported sales of ¥4,070 million (up 5.2% YoY) and an operating profit of ¥0 million (compared to an operating loss of △¥26 million in the prior year). Sales of technical paper increased by 16.8% year-over-year to ¥600 million.

Heiwapaper’s Q1 FY2027 results indicate a notable improvement in profitability, with a significant increase in ordinary profit and a positive turn in net profit attributable to owners of parent from a loss in the previous year. The growth in sales, particularly within the Japanese and Western Paper Wholesale segment driven by technical paper, suggests that the company’s focus on high-value-added specialty papers may be yielding positive results. This performance could be viewed as an encouraging start to the fiscal year, warranting close observation in subsequent quarters.

• GMO Product Platform, Inc. announced an upward revision to its full-year consolidated earnings and dividend forecasts for the fiscal year ending December 2026 (dated August 10, 2026).
• Consolidated operating profit was revised from JPY 731 million to JPY 800 million, and earnings per share from JPY 85.62 to JPY 94.48. These represent increases of 9.4% and 10.3% respectively.
• Consolidated net sales remained unchanged from the previous forecast of JPY 7,087 million.
• The dividend forecast for the fiscal year-end lump-sum dividend was revised from JPY 64.21 per share to JPY 70.86 per share.
• Key reasons for the upward revision include GMO Town WiFi, Inc. (primarily responsible for advertising functions) exceeding its sales targets and improving its cost of sales ratio in the first half of 2026, and improved profitability from business structural reforms at GMO Research & AI, Inc.

The upward revision to the earnings forecast, despite unchanged sales, suggests an improvement in profitability across various stages. This could indicate the positive impact of increased sales and improved cost ratios at a subsidiary, along with the progress in business structural reforms enhancing overall profitability. The increased dividend forecast aligns with the company’s dividend policy targeting a consolidated payout ratio of 65% or more, or a DOE of approximately 2%, whichever is higher, signaling a commitment to shareholder returns.

• FUJI Japan Co., Ltd. has announced its financial results for the second quarter (interim period) of the fiscal year ending December 2026.
• Net sales for the interim period amounted to ¥442,959 thousand, representing a 21.7% decrease compared to the same period of the previous year.
• The company reported an operating loss of ¥24,776 thousand, an ordinary loss of ¥25,639 thousand, and an interim net loss of ¥25,755 thousand. This contrasts with an interim net profit of ¥148,086 thousand in the prior interim period.
• By segment, exterior renovation work recorded net sales of ¥348,095 thousand (down 24.7% year-on-year) and segment profit of ¥13,161 thousand (down 65.4% year-on-year).
• The full-year forecast for the fiscal year ending December 2026 (net sales ¥1,275 million, net profit ¥47 million) remains unchanged from the most recently published figures.

The interim period results show a significant decline in net sales and a shift to an interim net loss, primarily impacted by a substantial decrease in orders for the core exterior renovation segment. This performance is attributed to external factors such as rising prices and a decline in consumer sentiment, suggesting a challenging operating environment. While the full-year forecast remains unchanged, investors may focus on the company’s strategies and progress in the second half of the fiscal year to recover from the current losses.

• Miyairi Valve Mfg. Co., Ltd. announced its unaudited financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026 – June 30, 2026) on August 10, 2026.
• For Q1 FY2027, net sales were JPY 2,110 million (up 29.6% year-on-year), operating profit was JPY 68 million (up 160.4% year-on-year), ordinary profit was JPY 64 million (up 151.5% year-on-year), and quarterly net profit was JPY 39 million (up 207.6% year-on-year).
• The increase in sales was primarily driven by higher sales of brass valve-related products, including core LPG cylinder valves, steel valve-related products for equipment and vehicles, and an increase in scrap sales.
• The significant increase in operating profit is attributed to product price increases, continuous cost reduction efforts, and productivity improvements.
• The full-year forecast for FY2027 and the annual dividend forecast (JPY 2.00) remain unchanged from the most recently announced figures.

Miyairi Valve Mfg. Co., Ltd. demonstrated a strong performance in Q1 FY2027, with substantial increases across all key financial metrics, notably a 160.4% rise in operating profit. This robust growth appears to be supported by solid sales of core valve products, coupled with successful cost reduction strategies and product price adjustments. However, with the full-year guidance remaining unchanged, investors may monitor how ongoing global economic uncertainties and raw material price fluctuations could influence future quarters.

• ASJ Co., Ltd. announced an absorption-type merger between its wholly-owned subsidiaries, AITEX Corporation (surviving company) and e-Fusion Co., Ltd. (dissolving company), effective October 1, 2026 (planned).
• The merger was resolved by the Board of Directors on August 10, 2026, and the merger agreement was concluded on the same day.
• The stated purpose of the merger is to consolidate management resources, redistribute assets and capital within the group, thereby improving capital efficiency and enhancing sustainable corporate value.
• The post-merger surviving company, AITEX Corporation, will operate HRTech service business and SI service business.
• ASJ expects the impact of this merger on its consolidated financial results to be minor, as it is between consolidated subsidiaries.

This merger, being a simplified absorption-type merger between wholly-owned subsidiaries, is stated to have a minor direct impact on ASJ’s consolidated financial performance. However, as it aims to optimize the allocation of management resources and improve capital efficiency across the group, it could be viewed as a strategic step towards long-term corporate value enhancement. The surviving company, AITEX, will continue its HRTech and SI service businesses, but the specific mention of e-Fusion’s Web content production business is absent in the post-merger overview, which might be a point of interest for future group business strategy.

• Kanamic Network reported consolidated net sales of 4,627 million yen for the nine months ended June 30, 2026, marking a 15.2% increase year-on-year.
• Operating profit for the same period was 1,504 million yen (up 29.5% YoY), and ordinary profit was 1,519 million yen (up 30.7% YoY).
• Net profit attributable to owners of parent reached 1,016 million yen, an increase of 27.5% compared to the prior year period.
• Earnings per share for the quarter were 21.42 yen.
• The full-year consolidated earnings forecast and the annual dividend forecast of 9.00 yen remain unchanged from the most recently announced figures.

Kanamic Network’s strong Q3 results appear to reflect the growing demand for digital transformation in the medical and nursing care sectors amid an aging society. The consistent growth in sales and profits, especially from recurring revenue streams like “Kanamic Cloud Service,” could indicate the effectiveness of its business model. Investors may also want to monitor the company’s strategic initiatives, such as international expansion and AI integration, for future growth potential as the company progresses towards its full-year targets.

• For the second quarter (interim) of the fiscal year ending December 2026, consolidated net sales reached ¥3,437 million, representing a 45.4% increase year-on-year.
• Consolidated operating profit was ¥823 million (up 13.2% YoY), and consolidated ordinary profit was ¥822 million (up 13.1% YoY).
• Net income attributable to owners of parent for the interim period was ¥538 million, an increase of 12.8% compared to the previous year.
• Interim net income per share was ¥73.39, and diluted interim net income per share was ¥72.53.
• The projected annual dividend for the fiscal year ending December 2026 remains unchanged at ¥23.00 for the year-end.
• The full-year consolidated performance forecast remains unchanged, anticipating net sales of ¥6,470 million (up 35.2% YoY) and net income attributable to owners of parent of ¥845 million (up 8.0% YoY).

G-SPORTSFIELD’s interim results demonstrate substantial growth in net sales and a steady increase in key profit figures compared to the previous year. This strong performance appears to be driven by the integration of Rind Sports Co., Ltd. and the new “Sports Equipment Planning and Sales Business” segment, alongside continued sales growth across various areas within the existing “Sports Human Resource Recruitment Support Business.” The unchanged full-year outlook suggests that the company anticipates sustained positive momentum through the second half of the fiscal year.

• P-Aitel reported ¥1,089 million in net sales for the second quarter of the fiscal year ending December 2026, marking a 17.1% decrease from the prior interim period.
• The company posted an operating loss of ¥11 million (compared to a ¥98 million operating profit in the prior interim period) and an ordinary loss of ¥11 million (compared to a ¥97 million ordinary profit in the prior interim period).
• Net loss for the interim period amounted to ¥7 million (compared to a ¥73 million net profit in the prior interim period), with interim net loss per share at ¥-26.93.
• Total assets increased by ¥106 million to ¥1,405 million, while net assets decreased by ¥33 million to ¥564 million, resulting in an equity ratio of 40.1%.
• The full-year forecast for fiscal year 2026 remains unchanged, projecting net sales of ¥2,437 million (-0.2% YoY), operating profit of ¥26 million (-73.0% YoY), ordinary profit of ¥21 million (-75.7% YoY), and net profit of ¥12 million (-85.0% YoY).

P-Aitel’s Q2 results show a decline in revenue and a shift to losses across profit metrics compared to the previous year. This performance appears to be influenced by lower-than-expected sales of new products in the “Genuine Plus up business” and a rebound effect from large projects in the “Corporate Vehicle business.” While total assets increased, net assets decreased due to the interim net loss, which may warrant attention alongside the cash flow situation.

• Modalis Co., Ltd. announced a correction to its “Q2 FY2026 Earnings Presentation Material,” originally disclosed on August 10, 2026, due to an inadequacy in some descriptions.
• The specific correction was made on page 27, concerning the “Q2 FY2026 Financial Position (Income Statement).”
• The company stated that this correction is solely related to the presentation material’s wording and does not affect the financial figures or performance reported in the Q2 FY2026 earnings report disclosed on the same day.
• Minor typographical errors were also corrected concurrently.

This announcement clarifies that the correction is confined to the presentation material’s format and wording, without altering the previously disclosed financial results. For investors, this might suggest that the underlying financial performance remains as initially reported. Such corrections are often viewed as a commitment to accuracy in corporate communications, which can contribute to maintaining investor confidence in the transparency of information disclosure.