Japan Stock IR Daily – August 31, 2026 (42 reports)

• LUCKLAND Co., Ltd. disclosed its presentation materials for the Q2 FY2026 earnings briefing on August 31, 2026, the business day following the briefing held on August 29, 2026.
• The company changed its disclosure policy from posting on its website to timely disclosure, in line with the Corporate Governance Code, to provide information to investors more promptly.
• For the second quarter of FY226, consolidated net sales were 22,657 million yen (down 12.5% year-on-year, down 10.6% from initial plan), and operating profit was 823 million yen (down 49.7% year-on-year, down 29.3% from initial plan).
• Ordinary profit was 879 million yen (down 44.5% year-on-year, down 27.0% from initial plan), while net profit attributable to parent company shareholders was 665 million yen (down 30.7% year-on-year), exceeding the initial plan of 609 million yen by 56 million yen.
• The delay in business performance was attributed to external environmental factors, including rising construction costs, interest rates, and heightened tensions in the Middle East.

LUCKLAND’s prompt timely disclosure of its Q2 FY2026 earnings presentation materials suggests a commitment to enhancing information transparency for investors, aligning with the Corporate Governance Code. While the first half saw a decline in revenue and profit due to external factors, the fact that net profit attributable to parent company shareholders surpassed the initial plan could be noteworthy. Investors may continue to monitor how the company’s business strategies progress in response to evolving external conditions.

• MAXIS Nikkei Semiconductor Stock ETF (221A) announced its financial results for the 2026 July fiscal period (January 27, 2026 – July 26, 2026).
• Total net assets for the 2026 July period reached 10,082 million yen, an increase from 1,616 million yen in the 2026 January period.
• Outstanding units at the end of the current period were 8,465 thousand units, up from 2,125 thousand units at the end of the previous period.
• The net asset value per 100 units stood at 119,102 yen, rising from 76,049 yen in the 2026 January period.
• A distribution of 10 yen per 10 units was announced.

The significant increase in net assets and outstanding units for the period suggests strong investor interest and capital inflows into this ETF. The rise in the net asset value per 100 units may indicate a positive performance by the underlying Nikkei Semiconductor Stock Index during the period. Investors may find it worthwhile to monitor the broader semiconductor market trends, as they could continue to influence the fund’s performance.

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

• MAXIS Yomiuri 333 Japan Stock ETF (Code: 348A) announced its financial results for the 2026 July fiscal period (January 27, 2026, to July 26, 2026) on August 31, 2026.
• Net assets for the 2026 July period reached ¥1,156 million, an increase from ¥852 million in the 2026 January period.
• Major investment assets totaled ¥1,169 million, while cash, deposits, and other assets (net of liabilities) were -¥12 million.
• Outstanding units at the end of the period were 3,922 thousand units, up from 3,322 thousand units in the 2026 January period, reflecting 2,100 thousand units set and 1,500 thousand units redeemed.
• The net asset value (NAV) per 10 units was ¥29,479 (compared to ¥25,660 in the 2026 January period), and the distribution per 10 units was ¥36 (compared to ¥18 in the 2026 January period).

The financial results for MAXIS Yomiuri 333 Japan Stock ETF for the July 2026 period show a notable increase in net assets and outstanding units compared to the previous period. This suggests that creations outpaced redemptions during the period. The rise in both NAV per 10 units and distributions per 10 units could indicate an improved performance of the fund’s underlying assets.

• MAXIS US AI Infrastructure Stock ETF (Code: 552A) announced its financial results for the period ended July 2026 (March 30, 2026 – July 26, 2026).
• Net assets at the end of the period stood at JPY 2,172 million, with a net asset value per 10 units of JPY 25,612.
• Major investment assets were stocks, accounting for 99.9% (JPY 2,170 million), with cash, deposits, and other assets at 0.1% (JPY 1 million).
• During the period, 848 thousand units were outstanding, with 936 thousand units set and 88 thousand units redeemed.
• The distribution per unit was JPY 1, and the net profit for the period was JPY 339,190,857.

The MAXIS US AI Infrastructure Stock ETF appears to have made a solid start in its inaugural reporting period, reflecting its focus on AI infrastructure-related stocks. The significant net asset size and high allocation to equities suggest the fund is closely aligned with its benchmark, the NYSE FactSet U.S. AI Infrastructure Index (yen-hedged). The reported net profit and distribution to unitholders could be viewed as a positive initial return for investors.

• ｅｎｉｓｈ has decided to implement its shareholder benefit program, previously announced on July 21, 2026, through SBI VC Trade Co., Ltd.’s VCTRADE service account.
• Eligible shareholders are those recorded on the shareholder registry as of December 31, 2026, holding 500 or more common shares, who open and maintain an SBI VC Trade VCTRADE service account by April 30, 2027, at 23:59, and complete entry via the dedicated website.
• The benefit consists of a lottery offering Bitcoin (BTC) or Solana (SOL) to a total of 600 winners. Prizes include 100,000 yen equivalent for 10 winners, 50,000 yen equivalent for 30 winners, and 10,000 yen equivalent for 250 winners, for both BTC and SOL categories.
• The quantity of BTC and SOL awarded will be determined based on the sales price at SBI VC Trade’s VCTRADE service exchange as of May 15, 2027 (Saturday) at 06:59 JST.
• The impact on the company’s performance for the fiscal year ending December 2026 is expected to be minor.

ｅｎｉｓｈ’s shareholder benefit program, which provides cryptocurrency exposure, may serve to align shareholder interests with the company’s active treasury business initiatives. The collaboration with SBI VC Trade could indicate a focus on leveraging established platforms for secure and efficient distribution of digital assets. The specific conditions for eligibility, including shareholding thresholds and account opening deadlines, appear designed to streamline the program’s execution while potentially encouraging deeper engagement with the company’s digital asset strategy.

• Fuji Die Co., Ltd. announced its consolidated results for the first quarter of the fiscal year ending March 2027 (1Q FY2027), reporting net sales of 5,051 million yen (up 22.4% year-on-year) and operating profit of 618 million yen (up 252.4% year-on-year).
• The increase in 1Q net sales was primarily due to progress in price pass-through in overseas markets following soaring raw material costs. The rise in operating profit was attributed to suppressed impact on manufacturing costs due to the adoption of the weighted-average method for cost calculation, reduced expenses such as outsourcing costs, utility costs, and repair costs, as well as contributions from overseas subsidiaries.
• For the full fiscal year ending March 2027 (revised on August 7), the company revised its net sales forecast downwards to 24,400 million yen (down 6.2% from previous forecast) and its operating profit forecast upwards to 840 million yen (up 20.0% from previous forecast).
• The downward revision in net sales is due to a greater-than-expected decrease in sales volume in the domestic market, impacted by price pass-through. The upward revision in operating profit is attributed to the progress of price pass-through and a reduction in raw material costs through efficient use of recycled materials in the first half.
• Fuji Die concluded a business alliance agreement with DIJET Industrial Co., Ltd. on June 26, concerning alloys with reduced tungsten and cobalt usage. As the first phase, Fuji Die will offer DIJET Industrial’s “Cermetal” for tools and molds.
• Effective October 1, 2026, the Overseas Business Division and Sales Division will be integrated into the “Sales Division” to unify domestic and international sales functions.

The strong performance in the first quarter suggests that Fuji Die’s strategies of price pass-through in overseas markets and cost reduction efforts have been effective. However, the revised full-year forecast, with a downward adjustment in sales and an upward adjustment in profit, indicates a mixed outlook where domestic sales volume decline due to price adjustments is being offset by overseas price pass-through and efficient raw material utilization. Given the ongoing volatility in tungsten prices, the business alliance with DIJET Industrial and the integration of sales divisions could be strategic moves worth monitoring for their potential impact on future performance and market positioning.

• ETS Group announced the financial results for its non-listed parent company, Ams International Co., Ltd., for the fiscal year ended May 2026.
• Ams International reported consolidated net sales of 8,828,373 thousand yen and net income of 1,902,846 thousand yen for the fiscal year ended May 2026.
• As of May 31, 2026, Ams International’s balance sheet showed total assets of 13,636,666 thousand yen and net assets of 7,334,400 thousand yen.
• The total voting rights ratio in ETS Group held by Ams International and other joint holders was 62.19% as of March 31, 2026.
• Ams International’s main businesses include sub-lease operations, real estate buying, selling, and brokerage.

For a listed company, the financial status of its non-listed parent company can indirectly influence the consolidated managerial soundness and fundraising capabilities, making it a point of interest for investors. The disclosure of the parent company’s financial results may assist in evaluating ETS Group’s business foundation and overall group stability.

• Envipro Holdings reported consolidated results for the full fiscal year ended June 2026, with net sales of ¥44.43 billion (down 9.5% YoY), operating profit of ¥3.224 billion (up 231.6% YoY), ordinary profit of ¥3.582 billion (up 194.6% YoY), and profit attributable to owners of parent of ¥2.423 billion (up 106.2% YoY).
• The significant increase in operating profit was primarily due to a positive impact of ¥2.335 billion from sales margin differences, enhanced collection and sale of high-value-added products, and rising prices of key metals.
• By segment, all segments—Resource Recycling, Global Trading, and Lithium-ion Battery Recycling—showed significant improvement in segment profit.
• The consolidated outlook for the fiscal year ending June 2027 projects higher revenue but lower profit, with net sales of ¥49.0 billion (up 10.3% YoY), operating profit of ¥2.7 billion (down 16.3% YoY), ordinary profit of ¥3.1 billion (down 13.5% YoY), and profit attributable to owners of parent of ¥2.1 billion (down 13.4% YoY).
• The projected profit decrease for FY2027 is attributed to ongoing production capacity limitations in the Lithium-ion Battery Recycling business and the expectation of no expansion in profit margins from rising metal market prices similar to the previous fiscal year.

The robust profit growth in FY2026, despite a revenue decline due to accounting standard changes, highlights the company’s successful efforts in enhancing sorting technologies and capitalizing on rising metal prices. The positive impact of structural reforms and increased focus on high-value-added products in the Resource Recycling and Global Trading segments appears to have significantly contributed to profitability. While the FY2027 outlook suggests a temporary profit reduction due to constraints in the Lithium-ion Battery Recycling business and market conditions, the planned investments in human capital and equipment indicate a strategic focus on future growth.

• Mynet announced its Executive Summary for the Q2 FY2026 Earnings Presentation.
• The company established a unique ecosystem covering all 60 J.League clubs with “J.League Fantasy Card” and is intensifying sports DX investments through a capital and business alliance with Zero Gaming Inc.
• Revenue in key growth areas, including cross-industry BPO, talent matching, and development solutions, expanded for the fifth consecutive quarter.
• The secondary business (game business) generated over 2 billion JPY in quarterly revenue and over 300 million JPY in operating profit, securing new operational outsourcing projects contributing from Q4.
• Although H1 recorded an operating loss due to upfront investments, the company achieved a 70 million JPY improvement in profit in Q2, with Q1 being the bottom.

Mynet’s Q2 earnings summary highlights proactive investments and business expansion in the sports DX domain, alongside maintaining a stable revenue base from its existing game business. The sustained revenue growth in key growth areas may suggest that the company’s diversification strategy is yielding results. Furthermore, the company’s declaration that the H1 operating loss due to upfront investments was within expectations, and its aim to achieve full-year targets through H2 revenue contributions, could be a critical aspect for investors to monitor regarding future business developments.

• Sophia HD announced the finalized financial results for its unlisted parent company, E-BOND Holdings, for the fiscal year ended May 2026.
• E-BOND Holdings has a capital of 99 million JPY. Its representative director is Kiyokazu Shiotsuki, and its business activities include formulating and executing group management strategies, as well as supporting and managing the business activities of group companies.
• As of May 31, 2026, the stock ownership of E-BOND Holdings shows individuals holding 99.60% (14,184 shares) and other corporations holding 0.40% (57 shares).
• The major shareholders include Kiyokazu Shiotsuki, who owns 14,184 shares (99.60%), and Mediceo Corporation, which owns 57 shares (0.40%).
• E-BOND Holdings’ executive team comprises nine directors, including Representative Director Kiyokazu Shiotsuki, and one auditor, Shoichi Yoshida.

• Towa Food Service Co., Ltd. announced its financial results for the first quarter of the fiscal year ending April 2027 (May 1, 2026, to July 31, 2026).
• For the cumulative first quarter, net sales were ¥3,429 million (up 4.6% year-on-year), operating profit was ¥254 million (up 9.8%), ordinary profit was ¥295 million (up 20.7%), and quarterly net profit was ¥171 million (up 14.8%).
• Diluted earnings per share for the quarter were ¥21.20.
• As of the end of the first quarter of FY2027, total assets stood at ¥9,799 million, net assets at ¥7,847 million, and the equity ratio was 80.1%.
• The forecast for the full-year dividend for FY2027 is ¥20.00 (¥10.00 interim, ¥10.00 year-end), which is a decrease from the previous year’s ¥22.00 but remains unchanged from the most recent forecast.
• The full-year business forecast for FY2027 remains unchanged, projecting net sales of ¥13,500 million (up 1.4% year-on-year), operating profit of ¥800 million (down 18.7%), ordinary profit of ¥900 million (down 20.5%), and net profit of ¥570 million (down 24.1%).

Towa Food’s first-quarter results demonstrate solid growth in revenue and profit, with ordinary profit showing a significant 20.7% increase year-on-year. This performance, amid challenging economic conditions marked by rising prices and a weakening yen, may suggest the effectiveness of store renovation and customer service improvement initiatives, coupled with price adjustments, in absorbing cost increases. However, the company’s unchanged full-year forecast indicates an anticipated decline in profits, making the impact of future economic trends and cost fluctuations a key area for investors to monitor.

• P-Asakawa Systems announced the financial results for its non-listed parent company, Asakawa Gumi Co., Ltd., for the fiscal year ended May 31, 2026 (June 1, 2025 – May 31, 2026).
• Asakawa Gumi Co., Ltd. reported completed construction revenue of ¥26,956,910 thousand, gross profit on completed construction of ¥3,536,370 thousand, and operating income of ¥2,283,258 thousand.
• Ordinary income was ¥2,348,037 thousand, income before taxes was ¥2,292,856 thousand, and net income was ¥2,023,212 thousand.
• As of May 31, 2026, the balance sheet showed total assets of ¥32,563,753 thousand, total liabilities of ¥7,952,450 thousand, and total net assets of ¥24,611,303 thousand.
• Major shareholders include the Asakawa Gumi Employee Stock Ownership Association (62.06%), Asakawa Gumi Officer Stock Ownership Association (24.28%), and Asakawa Gumi Transport Co., Ltd. (7.67%).

The disclosure of the parent company Asakawa Gumi’s financial results provides indirect insights into the management foundation and financial health of its subsidiary, P-Asakawa Systems. Key metrics such as completed construction revenue and net income, indicative of the construction industry’s performance, may offer a perspective on the overall group business environment. Furthermore, the parent company’s capital structure and executive information could serve as background for understanding future group management policies.

• Kyohritsu Electric Co. announced the confirmed financial results for the fiscal year ended June 2026 of its parent company, M.N.S. Co., Ltd.
• M.N.S. Co., Ltd.’s business primarily involves real estate management, and its voting rights ownership ratio in Kyohritsu Electric is 29.56% as of June 30, 2026.
• As of June 30, 2026, the balance sheet shows total assets of ¥541,279 thousand, with investment securities accounting for ¥349,300 thousand of this amount.
• For the period from July 1, 2025, to June 30, 2026, M.N.S. Co., Ltd. reported sales of ¥20,003 thousand, operating income of ¥2,656 thousand, ordinary income of ¥170,200 thousand, and net income of ¥164,307 thousand.
• The major shareholder of M.N.S. Co., Ltd. is Kyohritsu Science and Technology Foundation (General Incorporated Association), holding 66.25% of the total outstanding shares.

This announcement provides insight into the financial health of Kyohritsu Electric’s parent company, M.N.S. Co., Ltd. M.N.S. primarily engages in real estate management, with investment securities constituting approximately 64% of its total assets, suggesting that investment income, particularly dividends and interest received, significantly contributes to its ordinary income beyond operating profit. Given M.N.S.’s 29.56% voting rights ownership in Kyohritsu Electric, the parent company’s performance may indirectly influence Kyohritsu Electric’s overall management and strategic direction, making it a relevant point for investors to monitor.

• PostPrime Inc. has decided to acquire 74.51% of the issued shares of Cube Co., Ltd., making it a subsidiary.
• This acquisition marks PostPrime’s entry into the entertainment IP business domain, commencing a new business segment.
• Cube Co., Ltd. is engaged in the planning, manufacturing, and sales of toys, including the electronic musical instrument “Otamatone.”
• PostPrime will provide a loan of 300 million JPY to Cube Co., Ltd. for operational funds after the share acquisition.
• While Cube Co., Ltd. reported operating profits in its last two fiscal years (September 2024 and September 2025), it is currently in an insolvency state.

PostPrime’s strategic move to diversify its revenue streams by entering the entertainment IP business, beyond its core financial and economic information platform, may signal a notable shift in its business strategy. Investors might focus on how PostPrime’s marketing expertise and financial injection could impact Cube’s turnaround, given Cube’s current insolvency despite its operational profitability. The success of leveraging PostPrime’s SNS capabilities for IP growth will be a key factor to monitor.

• MIKI KOGYO Co., Ltd. has decided to implement a stock split at a ratio of one common share into three shares, with a record date of September 30, 2026.
• Concurrently with the stock split, the company will amend its Articles of Incorporation, effective October 1, 2026, to change the total number of authorized shares from the current 4 million shares to 12 million shares.
• The year-end dividend forecast for the fiscal year ending December 2026 has been revised to 50 yen per share based on the post-split share count. This effectively represents no change from the previous forecast when adjusted for the stock split.
• There will be no change to the amount of stated capital in conjunction with this stock split.
• The annual upper limit for the total number of common shares to be newly issued or disposed of under the restricted stock compensation plan for directors (excluding outside directors) will be adjusted from within 2,000 shares to within 6,000 shares, effective October 1, 2026.

This stock split appears aimed at lowering the per-unit investment amount, potentially broadening the investor base and enhancing stock liquidity. The effective maintenance of the dividend forecast suggests a consistent commitment to shareholder returns even after the split. The increase in authorized shares could provide the company with greater flexibility for future capital raising or shareholder return strategies.

• Rokko Butter announced on August 31, 2026, that its Board of Directors resolved to change its dividend policy, revise the FY2026 dividend forecast, and alter its shareholder benefit program.
• The new dividend policy sets a numerical target of “minimum ¥20 per share, dividend payout ratio of 40% or more,” effective from the fiscal year ending December 2026.
• Following the dividend policy change, the year-end dividend forecast for FY2026 was revised to ¥30.50 per share, up from the previous forecast of ¥20.00 per share.
• The shareholder benefit program has been modified to offer benefits based on the number of shares held and the continuous holding period. Shareholders with 100 to less than 1,000 shares will receive a ¥1,000 QUO card (for continuous holding of 1 year or more), while those with 1,000 shares or more will receive a ¥1,000 QUO card (for continuous holding of 1 year or more) plus ¥3,000 worth of company products (no continuous holding period restriction for products).
• The changes to the shareholder benefit program will apply from the shareholder benefits with a record date of December 31, 2026.

This announcement appears to indicate a clear shift in Rokko Butter’s shareholder return policy. The establishment of a specific dividend payout ratio target may suggest an increased commitment to shareholder returns. Furthermore, the revised shareholder benefit program could be designed to encourage long-term shareholding, which may be a point of interest for investors.

• Raccoon Holdings announced its consolidated financial results for the first quarter of the fiscal year ending April 2027 (May 1, 2026 – July 31, 2026).
• Consolidated net sales reached ¥1,776 million (up 13.9% year-on-year), Adjusted EBITDA was ¥357 million (up 12.4% YoY), operating income was ¥303 million (up 11.9% YoY), and ordinary income was ¥296 million (up 12.1% YoY).
• Net income attributable to owners of parent was ¥226 million (up 31.4% year-on-year).
• Net sales for the EC segment amounted to ¥1,055 million (up 14.4% year-on-year), and for the Financial segment, net sales were ¥721 million (up 13.1% year-on-year).
• The full-year consolidated earnings forecast remains unchanged, projecting net sales of ¥7,500 million (up 14.1% from the previous fiscal year) and net income attributable to owners of parent of ¥300 million (down 62.7% from the previous fiscal year).

Raccoon Holdings’ Q1 FY2027 results show a significant increase in net sales and various profit metrics, with net income attributable to owners of parent seeing a substantial rise. This appears to be driven by accelerated growth in both the EC and Financial segments, coupled with the recognition of gain on sale of investment securities as extraordinary income. Given that the full-year forecast remains unchanged, investors may focus on the progress rate and profit margins in subsequent quarters.

• Shikibo Ltd. announced its decision to absorb its wholly-owned subsidiary, Shikibo Sakai Co., Ltd., through an absorption-type merger, approved by its Board of Directors on August 31, 2026.
• The effective date of the merger is scheduled for April 1, 2027.
• Shikibo will be the surviving company, and Shikibo Sakai will be dissolved.
• This merger qualifies as a simplified merger for Shikibo and a short-form merger for Shikibo Sakai, thus foregoing shareholder approval meetings.
• The merger aims to integrate functions across sales, development, manufacturing, and quality assurance within the food and chemical products business, accelerate decision-making, optimize management resources, secure and develop human talent, and strengthen the manufacturing and development structure.
• The company states that the impact of this merger on its consolidated financial performance will be minor.

This merger appears to be a strategic move by Shikibo to strengthen its food and chemical products business, which is positioned as a new core business in its mid-term management plan “TG25-27.” The integration of operations, including the utilization of new factory facilities, could lead to more efficient business execution. As this is a merger with a wholly-owned subsidiary with no allocation of shares or other assets, the direct impact on existing shareholders is expected to be limited.

• freebit Co., Ltd. announced that the disclosure of its Q1 FY2027 financial results will exceed 45 days after the end of the quarter.
• The delay is due to the ongoing investigation by the Special Investigation Committee, which was established on May 21, 2026.
• The committee’s purpose is to verify the appropriateness of matters related to the acquisition of CountUp Inc. shares, announced on September 29, 2025, and the company’s decision-making process.
• Similar procedures and timeframes are anticipated for Q1 FY2027 financial procedures and audit processes, in addition to the submission of the FY2026 annual securities report following the investigation results.
• As of now, specific announcement dates for the FY2026 financial results, the submission of the annual securities report, and the Q1 FY2027 financial results are undecided.

freebit’s delay in Q1 financial disclosure is a direct consequence of the ongoing Special Investigation Committee’s probe, which previously impacted the FY2026 financial results and annual securities report. This situation suggests a continued period of uncertainty regarding the company’s financial reporting, making the resolution of the investigation and subsequent disclosures key points for investors to monitor.

• G-Nippon Joho Create announced on August 31, 2026, a partial correction to its “FY2026 Financial Results [Japanese Standards] (Non-consolidated)” originally released on August 13, 2026.
• The reason for the correction was the discovery of errors in deferred tax assets and deferred tax liabilities, among other items.
• Following the correction, numerical data has been revised, and the full corrected document has been re-issued.
• According to the revised “FY2026 Financial Results [Japanese Standards] (Non-consolidated),” the net income for the period remains 583 million yen (a 10.9% decrease from the previous year).
• Total assets are reported as 6,229 million yen and net assets as 4,235 million yen, with no changes compared to the previously disclosed figures.

The announced correction to the financial results primarily stems from errors in the accounting treatment of deferred tax assets and liabilities. While the revised numerical data indicates no change to key profit and loss items or the overall financial position, accounting accuracy is a crucial factor for investors assessing a company’s reliability. It may be worth monitoring the company’s future disclosure practices for consistent accuracy.

• Air Water Inc. announced on August 31, 2026, corrections to its “FY2025 Full-Year Financial Results Briefing Material.”
• The corrections address errors identified in the original material published on July 31, 2026.
• A total of 11 pages within the original document (pages 12, 19, 21, 22, 23, 25, 31, 32, 39, 43, and 45) contain corrected information.
• The specific corrections are highlighted with red squares in the attached appendix, and the revised disclosure material is available on the company’s official website.

This correction aims to ensure the accuracy of previously disclosed financial results briefing materials, allowing investors to base their analysis on the most current and precise information. Corrections to financial and strategic documents are critical for maintaining transparency. Given the numerous corrections, investors may find it beneficial to compare the original and revised versions to understand the nature and impact of these changes on their assessment of the company’s performance and outlook.

• ATECT Corporation’s other affiliated company, SANKO Corporation, announced its financial results for the fiscal year ended May 2026.
• SANKO Corporation’s business involves the manufacturing and sales of plastic products, located at 474-1 Honda, Mizuho-shi, Gifu, Japan.
• As of May 31, 2026, the consolidated balance sheet reported total assets of ¥172,106 million and total net assets of ¥122,005 million.
• For the same period, the consolidated statement of income showed sales of ¥123,471 million, operating income of ¥12,609 million, ordinary income of ¥14,538 million, and net income of ¥8,969 million.
• SANKO Fudosan Co., Ltd. is the largest shareholder, owning 54.99% of the total issued shares.

The detailed disclosure of SANKO Corporation’s financial information, an affiliate of ATECT, provides insights into the scale and profitability of its plastic product manufacturing and sales business. The strong financial position, with net assets constituting a significant portion of total assets, and consistent sales and profits, could be noteworthy for investors evaluating ATECT’s overall corporate value from multiple perspectives.

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

• Tri Chemical Laboratories Inc. announced its Q2 FY2027 (interim) consolidated financial results on August 31, 2026.
• For the interim period of FY2027 (February 1, 2026, to July 31, 2026), consolidated operating results showed Net Sales of ¥14,705 million (+18.8% YoY), Operating Profit of ¥3,838 million (+20.8% YoY), Ordinary Profit of ¥4,526 million (+19.1% YoY), and Net Profit Attributable to Parent Company Shareholders of ¥3,373 million (+21.5% YoY).
• Regarding the consolidated financial position, total assets at the end of the interim period were ¥49,121 million (an increase of ¥1,847 million from the previous fiscal year-end), and net assets were ¥38,249 million (an increase of ¥2,100 million from the previous fiscal year-end).
• The consolidated full-year forecast for FY2027 has been revised to Net Sales of ¥29,500 million (+23.5% YoY), Operating Profit of ¥7,450 million (+26.2% YoY), Ordinary Profit of ¥8,720 million (+23.0% YoY), and Net Profit Attributable to Parent Company Shareholders of ¥6,570 million (+19.1% YoY).
• The interim dividend is ¥0.00, and the year-end dividend forecast is ¥35.00, making the annual dividend forecast ¥35.00.

Tri Chemical’s Q2 FY2027 results demonstrate robust growth across sales and various profit metrics, with double-digit year-over-year increases. This performance appears to be driven by increased demand for high-purity chemical compounds, particularly in the semiconductor industry supported by expanding investments in generative AI. The upward revision of the full-year earnings forecast suggests continued positive momentum, making the company’s future business developments worth monitoring.

• For the first quarter of FY2027 (May 1, 2026 – July 31, 2026), revenue was ¥913 million, representing a 4.3% increase compared to the same period last year.
• Operating profit for the same period was ¥407 million (up 11.8% year-on-year), profit before tax was ¥406 million (up 12.0% year-on-year), and quarterly profit was ¥277 million (up 7.2% year-on-year).
• Revenue for the Communication Solutions business was ¥373 million (up 0.2% year-on-year), and for the Security Solutions business was ¥539 million (up 7.2% year-on-year).
• The full-year FY2027 forecast remains unchanged, projecting revenue of ¥4,000 million (up 13.5% from previous year), operating profit of ¥1,800 million (up 20.0%), and profit for the period of ¥1,200 million (up 10.8%).
• As of the end of Q1 FY2027, the number of outstanding shares was 15,851,850.

G-Cyber SOL’s Q1 FY2027 results demonstrate a solid start to the fiscal year with increases in both revenue and operating profit compared to the prior year. The strong performance of the Security Solutions business appears to be a key driver of the overall positive results. The unchanged full-year guidance may suggest management’s confidence in sustaining this growth trajectory throughout the fiscal year.

• For the second quarter of the fiscal year ending December 2026, G-One Career reported a year-on-year revenue increase of 44.8% and an operating profit increase of 73.9%, with an operating profit margin of 40.8%.
• Revenue growth was attributed to the robust performance of core products and the expansion of the business foundation, including a 44.0% increase in cumulative corporate clients and an addition of 411,000 cumulative members.
• The significant increase in operating profit was explained by improved productivity through AI utilization and disciplined Sales & Marketing (S&M) investment decisions.
• The full-year consolidated performance forecast was revised upwards to 11.0 billion JPY for revenue, 3.1 billion JPY for operating profit, and 3.445 billion JPY for EBITDA. This revision is due to the consolidation of Zero-One Brain Inc. and Kids Corporation Inc., as well as strong performance in existing businesses.
• The year-end dividend forecast was adjusted from 34 JPY to 35 JPY per share, maintaining a dividend payout ratio target of approximately 30%. The medium-term targets for 2030 (revenue of 35.0 billion JPY, EBITDA of 10.0 billion JPY) exclude the impact of Kids Corporation Inc. and future M&A, aiming for achievement solely through organic growth of existing businesses.

G-One Career’s latest IR report indicates robust growth in its existing businesses, enhanced profitability through AI integration, and a commitment to business expansion via M&A alongside increased shareholder returns. The company’s decision to exclude future M&A contributions from its 2030 medium-term targets, focusing instead on organic growth, may suggest confidence in its core operations. Investors may want to monitor the progress of the post-merger integration (PMI) of Kids Corporation and future M&A strategies.

• G-DWTI announced that the US sales license agreement for its lidocaine tape product “Bondlido” is now expected to be signed in September 2026.
• The previous expectation was for the agreement to be finalized in August 2026, but adjustments to contractual terms have required more time.
• The launch timeframe for “Bondlido” in the US market remains unchanged, projected for the fourth quarter of 2026.
• G-DWTI anticipates receiving certain milestone payments based on the product’s revenue performance, as per its agreement with MedRx.
• The company stated that there is no change to its FY2026 December consolidated earnings forecast due to this matter, and any impact will be disclosed promptly if determined.

The slight delay in finalizing the US sales license agreement for “Bondlido” to September may draw investor attention. However, the consistent Q4 2026 launch target suggests that the product’s market introduction schedule remains on track. With the US lidocaine patch market estimated at approximately JPY 44 billion (USD 295 million) in 2025, the potential for future revenue contributions from “Bondlido” will be a key area for investors to monitor.

• G-Medrex announced that the signing of the US sales licensing agreement for “Bondlido,” a treatment for postherpetic neuralgia, is now expected in September 2026.
• The initial expectation was to conclude the agreement in August 2026, but contract terms adjustment has taken more time than anticipated.
• This adjustment stems from discussions with Terrain Pharmaceuticals, where the sales volume forecast for Bondlido over the next few years is projected to exceed initial expectations.
• The launch timeline for Bondlido in the US remains unchanged, targeted for the fourth quarter of 2026.
• The company anticipates that this matter will have a minor impact on its financial performance for the fiscal year ending December 2026.

This announcement indicates a delay in the US sales licensing agreement for “Bondlido,” yet it suggests an upward revision in sales forecasts as the underlying reason for the extended negotiations. The unchanged launch timeline may signal stability in the product’s market entry plans. Investors might consider monitoring how Bondlido’s product characteristics, such as reduced skin irritation and superior adhesion compared to Lidoderm, will position it within the estimated $440 million US lidocaine patch market.

• P-PLAN-DO Co., Ltd. announced on August 31, 2026, a partial correction to its “Q2 FY2026 Financial Report (Non-consolidated)” originally disclosed on July 15, 2026.
• The reason for the correction is to reclassify “Expenditures for leasehold deposits” within investing cash flows in the interim cash flow statement, separating it into “Expenditures for leasehold deposits” and “Income from recovery of leasehold deposits.”
• The correction affects the “Investing activities cash flow” section on page 6 of the attached financial statements.
• Specifically, for the current interim period (December 1, 2025, to May 31, 2026), the amount for “Expenditures for leasehold deposits” was changed from “65 thousand yen” to “－ (zero),” and a new line item “Income from recovery of leasehold deposits” was added with “65 thousand yen.”
• There are no changes to the corresponding items for the previous interim period (December 1, 2024, to May 31, 2025).
• This correction does not alter the total amount of cash flows from investing activities or the interim period-end cash and cash equivalents balance (1,916,581 thousand yen).

This correction primarily concerns a reclassification within the interim cash flow statement regarding leasehold deposits, without impacting the net figures for investing activities or the overall cash balance. This adjustment may suggest an aim to enhance clarity and detail in the financial reporting of cash movements related to deposits. Investors may find this a move towards greater transparency in the company’s financial disclosures.

• SWCC announced a stock split at a ratio of five shares for every one common share, with a record date of September 30, 2026.
• The effective date of the stock split is October 1, 2026. This will result in 154,134,305 shares outstanding and 350,000,000 authorized shares after the split.
• Concurrently with the stock split, the company will amend its Articles of Incorporation, increasing the total number of authorized shares from 70,000,000 to 350,000,000, pursuant to Article 184, Paragraph 2 of the Companies Act.
• The dividend forecast per share for the fiscal year ending March 2027 has been revised due to the stock split, but the substantial amount of the dividend remains unchanged. The interim dividend will be JPY 140.00 (pre-split), and the year-end dividend will be JPY 34.20 (post-split, equivalent to JPY 171.00 pre-split).
• There will be no change in the amount of stated capital as a result of this stock split.

This stock split aims to lower the investment unit price, making it more accessible for a broader range of investors, which could enhance liquidity and expand the investor base. The adjustment to the dividend forecast, while numerically different, is substantively unchanged, suggesting no direct impact on the actual payout to existing shareholders. Investors may wish to monitor how these changes potentially affect the company’s trading liquidity and shareholder demographics in the future.

• Kobe Natural Products Chemical announced the Q&A for its Q1 FY2027 financial results on August 31, 2026.
• The company disclosed its “FY2027 Full-Year Outlook” due to improved raw material procurement conditions around July 2026, with increased imports from regions other than the Middle East and gradual resolution of supply chain disruptions.
• While the full-year outlook anticipates increased revenue but decreased operating and ordinary profits (double-digit year-on-year decline), adjusted EBITDA is projected to increase by 13.2% to JPY 2.21 billion (from JPY 1.95 billion in the previous period).
• The primary reason for the decrease in accounting profits is the increase in depreciation expenses by over JPY 400 million year-on-year, attributed to the operation of the new FP-4 facility.
• Sales in the bio segment are planned to increase by 23.3% year-on-year, while the pharmaceutical segment is expected to grow by 4.4%, with the bio segment benefiting from an increase in development stage projects and the full-year contribution of the D facility, and the pharmaceutical segment being in a “preparation” phase for acquiring and developing new projects.

The divergence between the decrease in accounting profits and the increase in adjusted EBITDA may suggest improved cash-generating capability due to new facility investments. The pharmaceutical segment being in a “preparation phase” could indicate ongoing projects that are expected to drive future growth, making its medium-to-long-term business development noteworthy. While raw material procurement conditions have improved, the persistence of high prices remains a factor to monitor for its continued impact on financial performance.

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

• Tsuzuki Denki has determined the details of its shareholder benefit program, targeting shareholders recorded in the shareholder registry as of September 30, 2026, holding one unit (100 shares) or more.
• The benefit allows eligible shareholders to choose one item from the company’s original catalog of benefits or make a donation, based on their number of shares held and continuous holding period.
• The value of the benefits ranges from 1,000 yen equivalent (for less than 3 years holding 100-299 shares) to 6,000 yen equivalent (for 3 years or more holding 1,000 shares or more).
• QUO cards are available as an option at each price tier. An equivalent donation to the Japanese Red Cross Society is also offered as a choice.
• Continuous holding for 3 years or more is defined as being recorded in the company’s shareholder registry with the same shareholder number for the specified number of shares or more, continuously at each quarter-end from September 2023 to September 2026.

Tsuzuki Denki’s shareholder benefit program features a multi-tiered incentive structure that rewards both the number of shares held and the length of continuous ownership, which may suggest an aim to encourage long-term shareholding. The inclusion of QUO cards and donation options, in addition to the catalog gifts, could indicate an effort to cater to diverse shareholder preferences. The provision of examples for benefit items suggests that shareholders will have the flexibility to choose items that align with their personal interests.

• Inabata & Co., Ltd. resolved to acquire all shares of Fujikura Shoji Co., Ltd., a consolidated subsidiary of Fujikura Ltd., making it a wholly-owned subsidiary, as decided at the Board of Directors meeting on August 31, 2026.
• Fujikura Shoji’s wholly-owned subsidiary, Fujikura Shoji (Dalian) Co., Ltd., is expected to become a sub-subsidiary of Inabata & Co., Ltd.
• The share acquisition aims to expand the electronics business within the industrial equipment segment, a key mid-to-long-term strategy, by enhancing the product lineup of Fujikura Group products and strengthening proposal capabilities and sales opportunities through the integration of Fujikura Shoji’s expertise and Inabata’s sales network.
• Fujikura Shoji’s business includes the sale of electronic components, electric wires, cables, accessories, power distribution parts, and fastener products.
• The scheduled share transfer date is March 1, 2027.

This acquisition appears to be a strategic move by Inabata & Co. to accelerate its stated objective of expanding its electronics business. The integration of Fujikura Shoji’s specialized knowledge in electronic components and connectors with Inabata’s extensive sales network could lead to enhanced competitive advantages and new revenue streams. While the impact on Inabata’s consolidated results for the fiscal year ending March 2027 is stated as minor, the long-term potential for strengthening the company’s business portfolio may be worth monitoring.

• Unicafe Inc. announced its consolidated financial results for the first half of the fiscal year ending December 2026 (January 1, 2026 – June 30, 2026).
• Revenue reached ¥9,596 million, an increase of ¥1,777 million (+22.7%) compared to the previous year.
• Operating profit amounted to ¥581 million, up ¥72 million (+14.1%) year-over-year.
• Net profit attributable to owners of the parent company was ¥495 million (+¥143 million, +40.6% YoY).
• Total handling volume decreased by 1,879 tons (-10.4%) to 16,205 tons.
• Despite a decline in handling volume due to a sluggish industrial market, growth in the household market and the pursuit of added value led to an increase in revenue and operating profit compared to the prior year.
• The household business segment recorded significant increases, with revenue of ¥4,382 million (+¥1,478 million, +50.9% YoY) and operating profit of ¥354 million (+¥134 million, +60.9% YoY).

Unicafe’s interim results highlight an increase in revenue and operating profit despite a decrease in overall handling volume, which suggests that the company’s strategy of enhancing product offerings and pursuing added value, particularly in the household market, has been effective. The strong performance of the household business appears to have offset the sluggishness in the industrial market. This balanced portfolio approach could be a key factor in the company’s future performance.

• Treasure Factory Co., Ltd. updated its Q&A collection for the Q1 FY2027 earnings on August 31, 2026.
• A plan is underway for the second half of the fiscal year to consolidate and expand two logistics bases in Saitama Prefecture and relocate them to Chiba Prefecture.
• Increases in rent and personnel costs due to the logistics center relocation are incorporated into the initial budget plan and are not expected to significantly deviate from the company’s overall performance plan.
• The consolidation and expansion aim to improve productivity and further expand procurement.
• Home appliance sales are strong, with summer appliances, particularly air conditioners, benefiting from this summer’s heatwave.
• Demand for affordable used air conditioners is expected to increase over the medium to long term, driven by concerns over rising new product prices due to the 2027 energy efficiency standard revisions.

This Q&A update from TREFAC addresses key areas of investor interest, specifically infrastructure enhancements and product category performance. The consolidation and relocation of logistics centers, planned within the existing budget to boost productivity and procurement, may indicate the company’s strategic focus on strengthening its operational foundation for future growth. Furthermore, the anticipated increase in demand for used air conditioners could be viewed as a significant driver for its reuse business segment.

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

• Media Do Co., Ltd. released its FAQ for the Q1 FY2/27 financial results on August 31, 2026.
• For Q1 FY2/27, revenue reached ¥27.07 billion (up 4.1% year-on-year), operating profit was ¥0.44 billion (down 32.6%), and net profit attributable to parent company shareholders was ¥0.12 billion (down 84.2%), resulting in increased revenue but decreased profit.
• Key factors for the profit decrease include the termination of a high-margin service in the e-book distribution business in Q3 FY2/26, poor performance by Nihon Bungeisha, system development investments, and a ¥0.22 billion expense related to the acquisition of Seven Seas in March 2026.
• The progress rate for Q1 against the full-year operating profit forecast of ¥2.4 billion is 18.4% (13.1% excluding Seven Seas’ contribution), appearing lower than usual.
• Seven Seas’ profit and loss consolidation will begin from Q2, with an anticipated contribution of ¥0.28 billion to operating profit over the nine-month period from Q2 to Q4, indicating steady progress towards the full-year target.

Media Do’s Q1 FY2/27 results, while showing revenue growth, experienced a decline in profit, which appears to be influenced by one-off factors such as the end of high-margin services and acquisition costs for Seven Seas. The commencement of Seven Seas’ P/L consolidation from Q2 and the anticipated reduction in losses from strategic investment businesses could be crucial for achieving the full-year targets. Investors may find it worthwhile to monitor the growth rates of existing and new streams in the e-book distribution business, as well as the progress in improving the strategic investment segment, including the international business.

• Pro-Ship Incorporated has released its Q1 FY2027 financial results presentation materials.
• The company positions compliance with the “New Lease Accounting Standard,” which becomes mandatory from fiscal years beginning on or after April 1, 2027, as a key business opportunity.
• Pro-Ship has over 100 prior implementations of IFRS 16 (leases), and its new lease accounting standard-related seminars have attracted over 20,000 participants in total.
• The SaaS solution “ProPlus+” for new lease accounting standard compliance has surpassed 1,000 adopting companies within 18 months of its release.
• The company is conducting a social contribution initiative, “ProShip Future Support Project ~New Lease Accounting Challenge 1100~,” until December 31, 2027, aiming to solve the challenges of 1,100 new lease accounting projects and donating 10,000 yen to the Japanese Red Cross Society for each project secured.
• Post-adoption strategies for the new lease accounting standard include expanding recurring revenue (maintenance fees/usage fees), cross-selling fixed assets to SaaS users, and fully re-engaging in new client acquisition, TEAM concept initiatives, and overseas expansion.

Pro-Ship’s presentation highlights its strategic focus on the mandatory adoption of the new lease accounting standard in April 2027, leveraging its expertise and track record to support Japanese companies. The increase in “ProPlus+” SaaS solution adoptions and the social contribution project indicate market penetration and a commitment to corporate social responsibility. The outlined strategies for sustained growth beyond the initial lease accounting boom suggest a forward-looking approach to business development, which could be worth monitoring for investors.

• Ｇ－ｉ－ｐｌｕｇ (4177) released answers to frequently asked questions regarding its Q1 FY2027 financial results on August 31, 2026.
• The slowdown in order growth was attributed to early fixed-fee OfferBox (EX option) orders being recorded in the previous fiscal year (Q4 FY2026), with a minor impact on current-period sales and no negative impact on full-year earnings forecasts.
• The shift from success-fee plans to early fixed-fee plans is expected to positively contribute to performance in the medium-to-long term, citing enhanced revenue predictability, improved customer satisfaction and retention, and stable cash flow generation.
• In the management change of June 2026, Tomoya Nakano assumed the role of Representative Director and Chairman, and Masato Yamada became Representative Director and CEO.
• It was stated that there were no significant changes in business execution due to the new structure, and an acceleration in decision-making and improvement speed is anticipated through clearer role delineation.

This IR document provides explanations for common investor concerns, such as fluctuations in order growth and the impact of business model transitions on profitability. The company’s view that shifting to early fixed-fee plans, despite potential short-term unit price decreases, will lead to medium-to-long-term revenue stability and cash flow generation, could be a key point for investors to understand the business direction. Furthermore, the communication regarding management changes suggests continuity in operations and an expectation of improved decision-making efficiency, which may offer insights into the company’s governance stability and growth focus.

• Kawakamipaint resolved to conduct a stock split, amend its Articles of Incorporation, and revise (expand) its shareholder benefit program at a Board of Directors meeting held on August 31, 2026.
• The stock split will be effective with a record date of November 30, 2026, where each common share will be split into three shares. The effective date is December 1, 2026.
• Following the stock split, the total number of issued shares will increase from 1,000,000 shares to 3,000,000 shares, and the total number of authorized shares will change from 4,000,000 shares to 12,000,000 shares. There will be no change in the amount of stated capital.
• The revised shareholder benefit program will apply starting from the benefits for shareholders recorded on the shareholder registry as of November 30, 2027. Post-split, shareholders holding 300 to under 500 shares will receive 3,000 JPY Quo Card Pay, and those holding 500 shares or more will receive 5,000 JPY Quo Card Pay (both requiring continuous ownership for one year or more).
• The year-end dividend for the fiscal year ending November 2026 and shareholder benefits for shareholders recorded on the shareholder registry as of November 30, 2026, will be implemented based on the pre-split share count and current criteria.

The stock split aims to lower the investment unit, which may enhance market liquidity and create opportunities for a broader range of investors to hold the company’s shares. The expansion of the shareholder benefit program, adjusted for the post-split investment units, could be seen as an effort to encourage long-term holdings among a wider investor base and share the benefits of corporate value improvement. These measures may attract new investors and foster stable ownership among existing shareholders.

• PARK24 Co., Ltd. announced its consolidated financial results for the third quarter of the fiscal year ending October 2026 (November 1, 2025, to July 31, 2026).
• During this cumulative period, net sales reached ¥304,049 million (up 2.7% year-on-year), operating income was ¥28,946 million (up 16.2%), and ordinary income was ¥26,726 million (up 20.0%).
• Net income attributable to owners of the parent significantly increased to ¥36,354 million (up 265.1% year-on-year). This was primarily due to a ¥12.6 billion extraordinary loss from the restructuring of the UK business and sale of the Singapore business, offset by an income tax adjustment (benefit) of ¥31.8 billion related to the UK business restructuring.
• Basic earnings per share for the quarter were ¥212.97.
• The consolidated full-year earnings forecast and dividend forecast for the fiscal year ending October 2026 remain unchanged from the most recently announced figures.

PARK24’s Q3 FY2026 results show growth in revenue and various profit metrics compared to the previous year. The substantial increase in net income attributable to owners of the parent is notably influenced by specific accounting treatments related to the UK business restructuring and Singapore business sale, which may be a key point for investors to consider. As the full-year earnings forecast remains unchanged, investors may monitor how the company’s core operations perform towards the year-end.

• Amigo Co., Ltd. resolved on August 31, 2026, to acquire 382,650 common shares of CyberSolutions Inc.
• The acquisition price per share is JPY 1,098, totaling JPY 420 million, resulting in Amigo’s expected ownership stake of 2.41% of CyberSolutions’ total outstanding shares (excluding treasury shares).
• This acquisition aims to strengthen the relationship between the two companies, building upon the capital and business alliance agreement announced on February 12, 2026.
• The board resolution for the share acquisition and the signing of the share transfer agreement both occurred on August 31, 2026, with the execution date and share transfer completion date scheduled for September 2026.
• CyberSolutions Inc. operates communication solution and security solution businesses, and has mutual transaction relationships with Amigo in the cybersecurity sector.

This share acquisition can be seen as a move to deepen the existing capital and business alliance through a concrete equity stake. This strategic step may enhance the complementary relationship between the two companies’ solutions and services. The determination of the acquisition price based on the average closing price over the month preceding the resolution date suggests a commitment to a transparent valuation method.

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

• Japan Asia Investment Co., Ltd. has decided to introduce a shareholder special benefit program.
• The first record date will be March 31, 2027, with subsequent record dates annually on March 31.
• Eligible shareholders must hold 500 shares (5 units) or more continuously for at least one year as of the record date; however, for the initial record date only, the continuous holding period is six months or more.
• The benefit consists of products worth 5,000 yen from the company group’s business partners or investees, with two options available.
• The initial benefit items are planned to be olive-based food or cosmetic products from “Aki no Shima no Mi Project” by Libera Group Co., Ltd.
• The previously distributed 500-yen Quo card for exercising voting rights will be discontinued.

The introduction of this shareholder benefit program appears aimed at expressing gratitude to shareholders and encouraging long-term shareholding. The requirement of a relatively higher shareholding (500 shares) and a continuous holding period might suggest an intent to foster a stable shareholder base. Offering products from the group’s business partners or investees as benefits could also serve to deepen shareholders’ understanding of the company’s business activities.

• P-Ryukyu Asteeda reported sales of ¥198 million for the first half of the fiscal year ending December 2026 (January 1, 2026, to June 30, 2026), a decrease of 17.7% compared to the prior corresponding period.
• During the same period, operating profit was ¥42 million (vs. ¥-38 million in H1 FY2025), ordinary profit was ¥40 million (vs. ¥-40 million), and net income for the period was ¥40 million (vs. ¥-25 million).
• Earnings per share for the interim period stood at ¥23.11.
• The company’s financial position at the end of the interim period showed net assets of ¥-184 million, resulting in an equity ratio of -177.6%.
• The full-year earnings forecast for the fiscal year ending December 2026 has been revised to sales of ¥486 million (up 4.7% year-on-year), operating profit of ¥54 million, ordinary profit of ¥50 million, net income of ¥50 million, and earnings per share of ¥28.83.

P-Ryukyu Asteeda’s interim results indicate a shift to profitability at the operating and net income levels, primarily attributed to the restructuring of unprofitable businesses, despite a decrease in sales. However, the company continues to face a negative net asset position, raising a significant doubt about its ability to continue as a going concern. The revised full-year forecast and the progress of ongoing business structural improvements will likely be key areas for investors to monitor.