Japan Stock IR Daily – July 01, 2026 (28 reports)

• Pan Pacific International Holdings (PPIH) has completed the full acquisition of Olympic Group.
• The effective date of the stock exchange was July 1, 2026.
• PPIH conducted the simplified stock exchange without shareholder approval, in accordance with Article 796, Paragraph 2 of the Companies Act.
• Olympic Group approved the stock exchange agreement at its ordinary general meeting of shareholders held on May 28, 2026.
• As of July 1, 2026, PPIH holds a 100% stake in Olympic Group.

This full acquisition is expected to strengthen PPIH Group’s business portfolio. Integrating Olympic Group’s management strategies, resource allocation, and shopping center management operations under PPIH’s umbrella could lead to enhanced synergies between the two entities. The impact on PPIH’s consolidated financial results is currently being evaluated, and further disclosures will be worth monitoring for investors.

• Net assets for the fiscal year ended May 2026 amounted to JPY 111,355 million, an increase from JPY 99,316 million in the fiscal year ended May 2025.
• The number of issued units at the end of the current fiscal period (as of May 20, 2026) was 30,061 thousand units.
• The Net Asset Value per 100 units at the end of May 2026 was JPY 370,421.
• Primary invested assets for the fiscal year ended May 2026 were public and corporate bonds totaling JPY 49,958 million, while cash, deposits, and other assets (excluding liabilities) amounted to JPY 61,396 million.
• No dividend per 100 units was paid for both the fiscal years ended May 2026 and May 2025.

The financial results for NEXT FUNDS Nikkei 225 Double Inverse Index ETF (1357) for the fiscal year ended May 2026 show an increase in net assets, while the number of issued units significantly decreased. This could suggest a shift in investor demand or a strategic adjustment to market conditions. The Net Asset Value per 100 units reaching JPY 370,421 highlights the importance of assessing the balance between fund performance and asset efficiency for investors.

• The earnings report for the fiscal year ended May 2026 (May 21, 2025 – May 20, 2026) was announced on July 1, 2026.
• Net assets at the end of FY2026 May were JPY 457,091 million, a decrease from JPY 486,957 million at the end of the previous fiscal period (FY2025 May).
• The number of issued units at the end of FY2026 May was 7,800 thousand units, a decrease from 20,020 thousand units at the end of the previous fiscal period.
• The Net Asset Value per 100 units at the end of FY2026 May was JPY 5,860,143, an increase compared to JPY 2,432,357 at the end of the previous fiscal period.
• Primary invested assets are public and corporate bonds, accounting for 51.4% (JPY 234,838 million) of assets at the end of FY2026 May.
• Dividend payment was JPY 0 per 100 units for both FY2026 May and FY2025 May.

The FY2026 May earnings report for NEXT FUNDS Nikkei 225 Leveraged ETF (1570) reveals a decline in net assets and outstanding units, while the Net Asset Value per 100 units significantly increased. This trend may suggest that while the overall fund size decreased, the value of each unit saw substantial growth during the operational period. The reduction in outstanding units indicates that redemptions exceeded creations within the fiscal year.

• NEXT FUNDS Nikkei 225 Inverse Index ETF (1571) released its earnings report for the fiscal year ended May 2026 on July 1, 2026.
• Net assets for the current fiscal period (May 21, 2025 – May 20, 2026) amounted to JPY 15,084 million, a decrease from JPY 20,024 million in the previous period.
• The number of issued units at the end of the current period was 44.67 million, an increase from 34.67 million units at the end of the previous period.
• The Net Asset Value per 100 units was JPY 33,768, down from JPY 57,758 in the previous period.
• Dividend payment per 100 units was JPY 0 for both the current and previous fiscal periods.

The NEXT FUNDS Nikkei 225 Inverse Index ETF aims to track the Nikkei 225 Inverse Index. While net assets and Net Asset Value per 100 units decreased, the increase in issued units could indicate shifting investor interest or market activity. Given that the primary invested assets are public and corporate bonds, interest rate trends may be worth monitoring in relation to the fund’s performance.

• Tenol. Holdings Co., Ltd. announced that its consolidated subsidiary completed the acquisition of all shares of Kodomo First Japan Inc. as of July 1, 2026.
• This acquisition has made Kodomo First Japan Inc. a consolidated subsidiary of Tenol. Holdings.
• Kodomo First Japan Inc.’s business activities include the operation of authorized childcare facilities, operation and outsourcing of unauthorized childcare facilities, operation of after-school childcare clubs, child development support, operation of after-school day services, and operation of corporate-led childcare facilities.
• As of July 1, 2026, the completion date of the acquisition, the major shareholder of Kodomo First Japan Inc. is Tenol. Corporation (a consolidated subsidiary of Tenol. Holdings) with a 100.0% ownership stake.
• The company anticipates that this acquisition will have a minor impact on its performance for the fiscal year ending December 2026.

This subsidiary acquisition may suggest Tenol. Group’s strategic move to strengthen its portfolio within the childcare and parenting support services sector. By incorporating a wide range of services, from authorized childcare facilities to child development support, the group could enhance its capability to meet diverse local childcare needs. While the immediate financial impact on the FY2026 performance is stated as minor, the potential for future synergistic effects from this integration will be a point of interest for investors to monitor.

• KTK reported consolidated net sales of ¥15.11 billion for the nine months ended May 20, 2026 (Q3 FY2026), marking a 7.3% increase year-over-year.
• Operating profit for the same period was ¥418 million (up 29.5% YoY), and ordinary profit reached ¥488 million (up 24.9% YoY).
• Net profit attributable to owners of the parent company rose to ¥361 million, a 36.1% increase compared to the prior year’s third quarter.
• By segment, the Supply business recorded sales of ¥11.50 billion (up 5.4% YoY) and segment profit of ¥727 million (up 16.2% YoY). The IT Solution business posted sales of ¥3.60 billion (up 13.7% YoY) and segment profit of ¥131 million (up 14.8% YoY).
• The full-year consolidated earnings forecast for FY2026 remains unchanged, projecting net sales of ¥19.7 billion, operating profit of ¥500 million, ordinary profit of ¥600 million, and net profit of ¥420 million.

KTK’s Q3 FY2026 results show robust growth across both its Supply and IT Solution segments, indicating that the company’s strategies are effectively driving performance. The increased demand for reused products, driven by corporate cost consciousness and environmental awareness, along with strong cross-selling in IT solutions, appear to be key factors. Investors may find the consistent growth and the affirmation of the full-year forecast noteworthy for monitoring the company’s trajectory.

• Nippon Filcon Co., Ltd. announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending November 2026.
• Consolidated net sales reached JPY 14,359 million, an increase of 7.0% from the previous interim period.
• Operating profit was JPY 834 million (+195.4% YoY), ordinary profit JPY 1,002 million (+189.1% YoY), and net income attributable to owners of parent JPY 527 million (+88.1% YoY).
• The Industrial Functional Filter & Conveyor Business segment reported sales of JPY 10,187 million (+4.7% YoY) and operating profit of JPY 606 million (+39.8% YoY).
• The Electronic Materials & Photomask Business segment achieved sales of JPY 2,399 million (+10.9% YoY) and operating profit of JPY 486 million (+234.9% YoY).
• The consolidated full-year earnings forecast for November 2026 has been revised upwards to net sales of JPY 28,500 million, operating profit of JPY 1,400 million, ordinary profit of JPY 1,600 million, and net income attributable to owners of parent of JPY 800 million.

Nippon Filcon’s Q2 FY2026 results show significant year-over-year growth in both revenue and all profit categories. The substantial increase in operating profit appears to be driven by robust sales in key segments, including Industrial Functional Filter & Conveyor and Electronic Materials & Photomask businesses, along with a reduction in retirement benefit expenses and lower depreciation costs due to impairment losses recorded in the previous fiscal year. The upward revision of the full-year earnings forecast suggests confidence in sustained performance for the remainder of the fiscal year.

• WOLVES HAND Co., Ltd. (G-WOLVES) resolved to acquire all shares of Mediatrix Co., Ltd. at an extraordinary board meeting held on July 1, 2026, making it a wholly-owned subsidiary.
• Mediatrix Co., Ltd. operates CRO (Contract Research Organization) and SMO (Site Management Organization) businesses, possessing expertise in clinical research support, clinical trial management, and data management.
• This acquisition aims to strengthen G-WOLVES Group’s value chain for social implementation of R&D outcomes and enhance the competitive advantage of its “One Health Platform.”
• G-WOLVES will acquire all 1,469 shares of Mediatrix, resulting in a 100.0% voting rights ownership. The scheduled share transfer execution date is July 15, 2026.
• Mediatrix Co., Ltd.’s financial results for the fiscal year ended March 2026 show net sales of 283,987 thousand yen, operating income of 91,578 thousand yen, ordinary income of 91,378 thousand yen, and net income of 106,080 thousand yen.

The acquisition of Mediatrix, a CRO/SMO company, by G-WOLVES appears to be a significant step in advancing their “One Health Platform” strategy. This move may enable the group to establish an integrated system spanning from R&D to clinical trials, product commercialization, and social implementation, potentially enhancing synergies across existing business segments. Investors might focus on how this integration impacts the efficiency of product development and accelerates market entry for G-WOLVES’ medical devices, biomaterials, and data analysis services.

• Nakano Corporation announced that its consolidated subsidiary, Trinet Holdings Co., Ltd., acquired all shares of Shinko Kensetsu Co., Ltd., making it a wholly-owned subsidiary, effective July 1, 2026.
• This acquisition is in line with Nakano Corporation’s mid-term management plan “Chukei 86,” which commenced in the fiscal year ending March 2026, targeting the expansion of its civil engineering business as a key strategy.
• Shinko Kensetsu, established on August 12, 1968, and located in Azumino City, Nagano Prefecture, primarily engages in civil engineering and construction. Its latest reported sales for the fiscal year ended June 2025 were 445 million yen, with total assets of 605 million yen.
• Trinet Holdings acquired 40,000 shares, representing 100% of Shinko Kensetsu’s issued shares.
• Details such as the acquisition price and the profile of the share transferor were not disclosed due to confidentiality agreements, as this voluntary disclosure falls within the scope of the Tokyo Stock Exchange’s minor disclosure criteria.

This acquisition appears to be a strategic move by Nakano Corporation to bolster its civil engineering segment as outlined in its mid-term management plan. By integrating Shinko Kensetsu, the company may aim to achieve cost reductions through in-house asphalt paving work, expand its operational areas, enhance competitiveness, and mitigate the risk of lost orders due to labor shortages. This initiative could contribute to the overall corporate value of the Nakano group.

• G-INFONET Inc. completed the full acquisition of ACTIVRETECH Inc. as of July 1, 2026, through a share exchange.
• G-INFONET became the wholly-owning parent company, and ACTIVRETECH became the wholly-owned subsidiary through this share exchange.
• ACTIVRETECH’s business operations include architectural CG/animation, VR/AR XR application development, digital twin solutions, web application development, and 3DCG scanner sales.
• ACTIVRETECH’s performance over the past three fiscal years (September-ended) shows revenue increasing from 448 million JPY in 2023 to 880 million JPY in 2025, and operating profit growing from 11 million JPY in 2023 to 63 million JPY in 2025.
• G-INFONET stated that the impact of this share exchange on its consolidated performance for the fiscal year ending March 2027 is currently under review.

G-INFONET’s acquisition of ACTIVRETECH Inc., a company specializing in growth areas such as XR and digital twin technologies, appears to be a strategic move to strengthen its business portfolio. ACTIVRETECH’s consistent growth in both revenue and profit over the past three years suggests its potential to contribute positively to G-INFONET’s consolidated results. This acquisition could allow G-INFONET to integrate ACTIVRETECH’s advanced technologies and solutions with its existing customer base, potentially fostering new value creation in the digital transformation space.

• Daiwa Corporation announced on July 1, 2026, the completion of the acquisition of shares in Miura Denshi Co., Ltd., as previously disclosed on June 23, 2026.
• Miura Denshi Co., Ltd. officially becomes a 100% subsidiary of Daiwa Corporation.
• Miura Denshi is headquartered in Nikaho City, Akita Prefecture, and specializes in the manufacturing and sales of electrolytic functional water generators and related equipment.
• The company was established in December 1973 with a capital of 30 million yen.
• Miura Denshi is scheduled to be consolidated into Daiwa Corporation’s financial statements starting from the third quarter of the fiscal year ending December 2026.

This announcement confirms the successful execution of Daiwa’s previously disclosed plan to acquire Miura Denshi. The integration of Miura Denshi’s expertise in electrolytic functional water equipment may contribute to diversifying Daiwa’s business portfolio. Investors may monitor future disclosures for details on the financial impact of this acquisition, particularly from the third quarter of the fiscal year ending December 2026 onwards.

• G-CRG HD resolved to introduce a shareholder benefit program (digital gift) at an extraordinary board meeting held today.
• Eligible shareholders are those listed on the shareholder registry as of September 30th (record date) each year, holding 100 shares (1 unit) or more of the company’s common stock.
• The benefit details vary based on the number of shares held and the holding period, with additional digital gifts awarded to shareholders holding for one year or more (those whose shareholder number is continuously listed three or more times, including the record date).
• Specific benefits are as follows: for holders of 100 to less than 500 shares, JPY 100 for less than one year and JPY 300 for one year or more. For holders of 500 to less than 1,000 shares, JPY 1,000 for less than one year and JPY 4,000 for one year or more. For holders of 1,000 shares or more, JPY 4,000 for less than one year and JPY 12,000 for one year or more.
• The impact of this program’s introduction on the consolidated financial forecast for the fiscal year ending September 2026 is currently undecided.

This reintroduction of a shareholder benefit program, previously abolished in December 2024, is noteworthy. The company states that the decision is based on stabilizing business and financial conditions, aiming to encourage long-term shareholder support. The tiered benefit structure, which provides enhanced rewards for longer holding periods, suggests an intention to attract and retain a broad base of shareholders while specifically incentivizing sustained investment.

• UNIVA・Oak Holdings Co., Ltd. has completed the acquisition of shares in UNIVACast Co., Ltd., making it a subsidiary.
• The share acquisition completion date was July 1, 2026.
• UNIVA・Oak acquired 93.32% of UNIVACast Co., Ltd.’s outstanding shares.
• The impact of this share acquisition on the current fiscal year’s consolidated performance is currently under review.
• Any new disclosures required will be made promptly.

This announcement confirms the completion of the share acquisition plan previously disclosed on June 22, 2026. As the impact on consolidated performance is currently being assessed, future disclosures will be key for investors. The subsidiary status of UNIVACast Co., Ltd. could potentially indicate a strategic expansion or diversification within UNIVA・Oak’s business portfolio.

• Trailhead Global Holdings announced on July 1, 2026, the completion of its acquisition of all shares of Taberu Inc., making it a wholly-owned subsidiary.
• Taberu Inc. operates restaurants, manufactures and sells bento and惣菜 (prepared foods), provides delivery and catering services, and plans/manufactures/sells health-conscious foods.
• Taberu Inc. was established on December 4, 2023, with a capital of 1,000,000 yen.
• This announcement is a follow-up to the “Notice Regarding Acquisition of Shares of Taberu Inc. (Making it a Subsidiary)” disclosed on June 12, 2026.
• The acquisition price and Taberu Inc.’s operating results and financial position have not been disclosed due to the counterparty’s preference.

This disclosure indicates the completion of Trailhead’s move to strengthen its food and beverage related businesses. It is stated that this acquisition is intended to contribute to the expansion of its domestic brand portfolio and the enhancement of overall group corporate value, aligned with its Mid-term Management Plan 2026-2030. Further announcements regarding specific business developments and the impact on financial performance following this subsidiary formation may be worth monitoring.

• SOFT99 Corporation announced the financial results for its non-listed parent company, ECM MASTER FUND SPV3, for the fiscal year ended December 2025, on July 1, 2026.
• ECM MASTER FUND SPV3 is based in the Cayman Islands, engaged in investment activities, and has a capital of 27,751 million JPY.
• As of December 31, 2025, 100% of its shares are held by foreign corporations (excluding individuals), with Suntera (Cayman) Limited (as MF trustee) holding 100.00% as the major shareholder.
• The company’s board consists of three male directors: Takashi Kosaka, Derek Stenson, and Jarladth Michael Travers. There is no specific term of office for directors, and no director compensation is paid.
• The financial statements for the fiscal year ended December 2025 were prepared in accordance with International Financial Reporting Standards (IFRS) but have not been audited. A net loss of 578 million JPY was reported for the period.

The disclosure of a parent company’s financial status is noteworthy for enhancing corporate governance transparency of a listed subsidiary. This announcement clarifies that the parent company’s primary business is investment and its shares are held by a specific foreign entity. While the financial statements are unaudited, understanding the parent company’s capital structure and profitability can indirectly contribute to comprehending the management foundation of its subsidiary, SOFT99.

• LINE Yahoo Corporation announced its decision to absorb and merge its wholly-owned subsidiary, LINE Healthcare Corporation, effective September 1, 2026.
• The purpose of this absorption merger is to enhance the efficiency of the group’s management structure.
• LINE Healthcare’s online medical consultation service, “LINE Doctor,” ceased operations on June 10, 2025.
• The merger will be conducted as an absorption merger, with LINE Yahoo as the surviving company and LINE Healthcare as the dissolved company.
• The impact of this merger on LINE Yahoo’s consolidated business performance is expected to be minor.

This absorption merger appears to be part of LINE Yahoo’s broader strategy to reorganize its group businesses, consolidating overlapping operations and focusing management resources on core areas. Integrating the subsidiary after the discontinuation of the online medical consultation service could be seen as a move to streamline administrative structures. While the financial impact on consolidated performance is stated as minor, it indicates an ongoing effort towards optimizing the overall business portfolio of the group.

• Infroneer Holdings, Inc. announced the completion of its acquisition of SUING Co., Ltd., making it a wholly-owned subsidiary as of July 1, 2026.
• All outstanding shares of SUING Co., Ltd. were acquired from EBARA Corporation, JGC Holdings Corporation, and Mitsubishi Corporation.
• SUING will become one of Infroneer’s key operating subsidiaries, alongside Maeda Construction Industry Co., Ltd., Maeda Road Co., Ltd., Maeda Corporation, Japan Wind Development Co., Ltd., and Sumitomo Mitsui Construction Co., Ltd.
• The transaction aims to leverage SUING Group’s water treatment engineering capabilities with Infroneer Holdings Group’s project management, civil engineering, and construction technologies.
• The company states that SUING Group’s maintenance bases will enable the expansion of Infroneer Holdings Group’s “comprehensive infrastructure services” into road and public facility management.

The completion of SUING’s full acquisition by Infroneer HD represents a tangible step in the latter’s “comprehensive infrastructure services” strategy. This integration of specialized water treatment expertise with existing infrastructure technologies could lead to significant business synergies. Investors may want to monitor how this acquisition contributes to end-to-end water and sewerage services and the expansion of the group’s service offerings using SUING’s existing maintenance infrastructure.

• NADEX Co., Ltd. announced on July 1, 2026, a correction to a part of its “Consolidated Financial Results for the Fiscal Year Ended April 2026 (Japanese GAAP)” initially disclosed on June 11, 2026.
• The correction pertains to page 16 of the attached document, specifically “3. Consolidated Financial Statements and Principal Notes (5) Notes to Consolidated Financial Statements (Notes on Significant Subsequent Events).”
• The original statement indicated the “Business Combination Date” for the acquisition and subsidiarization of Robofull Co., Ltd. as “May 25, 2026.”
• The corrected statement changes the “Business Combination Date” for the acquisition and subsidiarization of Robofull Co., Ltd. to “May 21, 2026.”
• This correction reflects a change in the actual date of share acquisition for Robofull Co., Ltd.

This correction addresses a specific date change related to a significant subsequent event disclosed in NADEX’s financial results: the business combination date for the acquisition of Robofull Co., Ltd. Accurate and timely disclosure of such details is important for maintaining the credibility of financial reporting. Investors may view this correction as a confirmation of the company’s commitment to precision in its IR communications.

• G-GMO Commerce completed the acquisition of all shares of GMO Digital Lab Inc. on July 1, 2026, making it a subsidiary.
• G-GMO Commerce now holds 100% of GMO Digital Lab’s shares (600 shares acquired).
• GMO Digital Lab’s business activities include smartphone app-based store promotion/customer attraction support, corporate DX support, and local government DX support.
• Following the subsidiarization, Masato Yamana was appointed as the new Representative Director of GMO Digital Lab, replacing Yuichi Yamada.
• Masato Yamana also serves as the Representative Director and President of G-GMO Commerce Inc.

The completion of this share acquisition suggests G-GMO Commerce’s strategic move to expand its business domains. The synergy between GMO Digital Lab’s store promotion apps and DX support services and G-GMO Commerce’s existing operations could be a key focus. The change in representative director, with G-GMO Commerce’s President now concurrently leading the subsidiary, may indicate an accelerated integration of operations and strategic execution under the new management structure.

• G-Gijutsu Shokei Kiko announced on July 1, 2026, the decision for its consolidated subsidiary, NGTG20 Co., Ltd., to acquire 100% of the issued shares (excluding treasury shares) of Sanko Giken Kogyo Co., Ltd., making it a consolidated subsidiary.
• Sanko Giken Kogyo Co., Ltd. specializes in printed circuit board-related processing services, manufacturing equipment, and material sales, with its headquarters located in Osaka, Japan.
• While the major shareholders, shareholding ratio, and acquisition price remain undisclosed at the request of the counterparty, it has been stated that the acquisition price exceeds 15% of G-Gijutsu Shokei Kiko’s consolidated net assets as of the end of the previous consolidated fiscal year.
• Sanko Giken Kogyo’s financial results for the fiscal year ended March 2026 include sales of 4,021 million yen, operating profit of 504 million yen, ordinary profit of 549 million yen, and net income of 319 million yen.
• G-Gijutsu Shokei Kiko anticipates that the impact of this acquisition on its consolidated financial results and financial position will be minor.

G-Gijutsu Shokei Kiko positions itself as a serial acquisition company focused on inheriting and supporting manufacturing-related businesses, and this acquisition aligns with its core strategy. Bringing Sanko Giken Kogyo, a company with specialized technology in printed circuit board-related services, into its group may suggest an effort to diversify its technical portfolio and strengthen the overall group structure. The indication that the undisclosed acquisition price is over 15% of consolidated net assets implies a significant investment, making its integration and future financial impact worth monitoring.

• Voltage Co., Ltd. announced the completion of the acquisition of all shares of Operahouse Inc., making it a subsidiary, as of July 1, 2026.
• With this acquisition, Operahouse Inc. becomes a wholly-owned subsidiary of Voltage Co., Ltd., holding 100% of voting rights.
• Operahouse Inc.’s business activities include the planning, development, and sale of digital content, and the planning and production of animation.
• Operahouse Inc. was established on April 1, 2002, with a capital of 10,000 thousand yen.
• Operahouse Inc. is scheduled to become a consolidated subsidiary of Voltage Co., Ltd. starting from the fiscal year ending June 2027.

This announcement officially confirms the completion of a previously disclosed subsidiary acquisition by Voltage. The nature of Operahouse Inc.’s business in digital content and animation production may suggest potential synergies with Voltage’s existing operations. Investors may wish to monitor future disclosures for specific details on how this consolidation will impact Voltage’s financial performance.

• Funai Soken Holdings resolved at its Board of Directors meeting on July 1, 2026, to dispose of treasury shares through a third-party allocation and enter into a capital and business alliance agreement with Tokio Marine & Nichido Fire Insurance Co., Ltd.
• The company will dispose of 2,196,000 shares of its common stock to Tokio Marine & Nichido at ¥1,067 per share, raising approximately ¥2,343,132,000. The disposition date is July 17, 2026.
• The proceeds of approximately ¥2.34 billion will primarily be allocated as working capital to strengthen and expand the structural business foundation for accelerating collaboration with Tokio Marine & Nichido (e.g., joint training program development, system establishment).
• The number of shares disposed represents 2.20% of the total outstanding shares (2.42% of total voting rights) as of June 30, 2026.
• Tokio Marine & Nichido has confirmed its intention to hold the shares as an investment accompanying the business alliance, aiming for long-term collaboration and enhancement of corporate value.

This move suggests Funai Soken HD’s strategic intent to bolster and expand its consulting business for small and medium-sized enterprises by leveraging Tokio Marine & Nichido’s risk management expertise and customer network. The treasury share disposition to raise funds appears to be aimed at securing working capital to accelerate collaboration while maintaining financial soundness. Investors may want to monitor how this alliance translates into tangible business outcomes moving forward.

• GNI Group announced the completion of the acquisition of all shares of Ayumi Pharmaceutical Holdings Co., Ltd., making it a wholly-owned subsidiary as of July 1, 2026.
• On the same date, the payment procedures for the third-party allocation of new shares to BCP Asia AYM Holding (Cayman) L.P., Toho Holdings Co., Ltd., and Hisamitsu Pharmaceutical Co., Ltd. were completed.
• The number of new shares issued is 9,974,291 common shares, at an issue price of 2,684 yen per share.
• This new share issuance raised a total of 26,770,997,044 yen.
• The total number of outstanding shares increased from 55,843,127 shares before the capital increase to 65,817,418 shares after the issuance.
• Ayumi Pharmaceutical Holdings primarily manages and controls the business activities of its subsidiaries involved in the manufacturing and sales of pharmaceuticals, focusing on anti-rheumatic drugs and antipyretic analgesics.

This development signifies GNI Group’s strategic move to strengthen its pharmaceutical business, potentially leveraging synergies with Ayumi Pharmaceutical Holdings. The substantial capital raised through the third-party allocation suggests a bolstering of the company’s financial foundation for future business expansion. The involvement of key pharmaceutical companies as allottees may indicate a deepening of strategic partnerships within the industry.

• Kuradashi Co., Ltd. resolved to acquire all shares of Nakamura Shoji Co., Ltd. (a newly established company inheriting the liquor sales business via a spin-off from Yugen Kaisha Nakamura Shoji) and make it a subsidiary, effective July 1, 2026, with the share transfer agreement signed on the same date.
• The purpose of this acquisition is to secure a new procurement network in the liquor and beverage sector, expand product categories and strengthen procurement for the social good marketplace “Kuradashi,” and establish new “regional x physical store” sales channels.
• The new subsidiary, Nakamura Shoji Co., Ltd., is located in Tatebayashi City, Gunma Prefecture, established on June 16, 2026, with a capital of 10 million yen, engaged in the liquor sales business.
• The acquired liquor sales business reported sales of 2,608 million yen for the fiscal year ended March 2026.
• The number of shares acquired is 10,000, resulting in 10,000 shares owned after the transfer (100.0% voting rights ownership).

This acquisition aligns with G-Kuradashi’s mid-term management plan pillars of “EC business expansion,” “supply chain functional expansion,” and “new business (including M&A).” The addition of a liquor and beverage procurement network and real store operations could indicate a diversification of product offerings and sales channels within their food loss reduction business. The impact on consolidated financial results is currently under review, and further disclosure is anticipated.

• Sumitomo Rubber Industries, Ltd. resolved at its Board of Directors meeting on July 1, 2026, to absorb and merge with its wholly-owned subsidiary, SRI Logistics Corporation (SRIL).
• The merger will be an absorption-type merger, with Sumitomo Rubber as the surviving company and SRIL as the dissolving company; SRIL will be dissolved simultaneously with the merger.
• The effective date of the merger is scheduled for January 1, 2027, with the merger agreement slated for signing on July 2, 2026.
• The purpose of this merger is to integrate logistics functions within the group, thereby enhancing operational efficiency, accelerating decision-making, and establishing an optimal logistics system for the entire group.
• As this is a simplified merger involving a wholly-owned subsidiary, no shares or other monetary consideration will be delivered. The impact on Sumitomo Rubber’s consolidated financial results is deemed minor.

This merger appears to be a strategic move by Sumitomo Rubber to streamline its logistics operations across the group. By integrating a wholly-owned subsidiary, the company may aim to enhance internal efficiencies and optimize its supply chain management. While the financial impact on consolidated results is noted as minor, the long-term benefits of improved operational synergies and potential cost reductions could be worth monitoring.

• GMO Pepabo announced the completion of its share acquisition of SmartEC Co., Ltd., making it a consolidated subsidiary, as of July 1, 2026, following the initial announcement on May 18, 2026.
• SmartEC Co., Ltd. will officially become a consolidated subsidiary of GMO Pepabo.
• Following the completion of the acquisition, SmartEC Co., Ltd. changed its trade name to “GMO SmartEC Inc.” as resolved at its Board of Directors meeting on July 1, 2026.
• The reason for the trade name change is to share the GMO Internet Group brand and create business synergies by leveraging the strengths of both companies.
• SmartEC Co., Ltd. also announced a change in its representative director on the same date, with Takeshi Yamashita appointed as Representative Director and President (previously Representative Director).

This announcement confirms the planned acquisition and consolidation of SmartEC by GMO Pepabo has been completed as scheduled. The integration of SmartEC into the GMO Pepabo group, along with the renaming to “GMO SmartEC Inc.” and changes in leadership, could indicate a strategic move to strengthen their EC business segment. The emphasis on leveraging group brand and creating synergies suggests a focused effort to integrate SmartEC’s capabilities within the broader GMO Internet Group ecosystem.

• Nichiryoku Co., Ltd. announced a re-re-correction to its “Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2025 (Japanese GAAP)” on July 1, 2026, which was originally published on August 9, 2024.
• The reason for the correction is stated as “a re-verification of the valuation estimate for security deposits and related figures, which revealed the need for additional revisions to some figures.”
• For the first quarter of FY2025 (April 1, 2024 – June 30, 2024), the operating loss was revised from ¥-41 million (pre-correction) to ¥-40 million.
• Regarding the financial position, total assets at the end of the first quarter of FY2025 were revised from ¥6,304 million to ¥6,313 million, and net assets from ¥3,247 million to ¥3,257 million. The equity ratio for the fiscal year ended March 2024 was also corrected from 46.9% to 50.8%.
• The corrections impact the summary information, qualitative information regarding the quarterly financial results, and the quarterly balance sheet.

Nichiryoku’s announcement of a re-re-correction to its Q1 FY2025 earnings report suggests ongoing scrutiny and re-evaluation of previously disclosed financial information. The specific mention of “re-verification of the valuation estimate for security deposits” highlights a key area of focus, which could be particularly relevant for a company with real estate-related operations. Multiple corrections to financial statements may prompt investors to closely monitor the company’s financial reporting accuracy and internal controls.

• Taiyo Bussan announced on July 1, 2026, the completion of its share exchange, making Ichigo Holdings Co., Ltd. a wholly owned subsidiary.
• This share exchange proceeded as planned, following the announcement dated April 24, 2026, regarding the complete subsidiary acquisition of Ichigo Holdings, changes in consolidated subsidiaries, changes in major shareholders, and entry into new businesses.
• Both Taiyo Bussan and Ichigo Holdings approved the share exchange agreement at their respective extraordinary general meetings of shareholders held on June 30, 2026.
• Ichigo Holdings’ business activities include the manufacturing of pizza dough, other food products, and soft drinks, as well as consigned manufacturing, purchase, sale, and import of these items.
• Taiyo Bussan is currently assessing the impact of this share exchange on its current fiscal year’s consolidated performance and will decide on the timing for incorporating the results into its consolidated performance after discussions with its auditing firm.

This complete subsidiary acquisition by Taiyo Bussan aligns with its previously announced entry into new business sectors in April 2026. The move into food manufacturing may suggest an effort to diversify the company’s business portfolio. Investors may wish to monitor future disclosures regarding the impact on consolidated performance and details of the new business strategy.