Japan Stock IR Daily – July 23, 2026 (19 reports)

• Chugai Pharmaceutical Co., Ltd. announced that F. Hoffmann-La Roche (Head office: Basel, Switzerland, CEO: Thomas Schinecker) published its financial results for January 1 to June 30, 2026.
• As of June 30, 2026, Roche Holding Ltd holds 59.89% of Chugai Pharmaceutical’s outstanding shares (61.12% in terms of voting rights).
• The financial figures of the Roche Group include Chugai Pharmaceutical’s performance for the period from January 1 to June 30, 2026.
• The disclosed materials are available on the Roche Group’s website (https://www.roche.com).

The financial results of parent company Roche are significant for investors, as they encompass Chugai Pharmaceutical’s performance. Monitoring Roche’s overall financial trends can offer insights into Chugai’s contribution to the broader group. Given Roche’s majority voting rights, this announcement may indirectly reflect Chugai’s strategic positioning within the Roche Group.

• Japan Material Co., Ltd. resolved at its Board of Directors meeting on July 23, 2026, to acquire additional shares of its consolidated subsidiary, GBS (SINGAPORE) PTE. LTD. (GBS Co.), making it a wholly-owned subsidiary.
• The additional acquisition involves 30% of GBS Co.’s issued shares, with 9% of this to be acquired by Japan Material’s subsidiary, ALDON TECHNOLOGIES SERVICES PTE LTD (ATS Co.).
• Following the acquisition, Japan Material’s ownership in GBS Co. will increase from 98,000 shares to 140,000 shares, and ATS Co.’s from 42,000 shares to 60,000 shares, totaling 200,000 shares (200,000 voting rights).
• The execution date for the share acquisition is scheduled for July 30, 2026.
• GBS Co. is engaged in the sales of semiconductor manufacturing equipment parts and in-vehicle vision systems, among other businesses.

This full acquisition is stated to aim at strengthening intra-group collaboration and management foundations, which may suggest a strategic move to respond more swiftly to changes in the business environment. While the impact on current consolidated earnings is deemed minor, the potential for enhanced group synergy from this full ownership could be a point of interest for investors to monitor.

• Mirai Industry Co., Ltd. announced that its consolidated financial results for the first quarter of the fiscal year ending March 2027 (March 21, 2026 – June 20, 2026) significantly exceeded previous forecasts.
• Q1 actual results were: Net Sales of ¥12,764 million (8.0% above forecast), Operating Profit of ¥1,945 million (50.8% above forecast), Ordinary Profit of ¥2,006 million (52.5% above forecast), and Net Income Attributable to Parent Company Shareholders of ¥1,379 million (57.1% above forecast).
• Sales and all profit figures for the first quarter set new record highs, primarily due to increased self-defense demand in electrical and pipe materials amid rising risks in the Middle East region.
• The company released its consolidated earnings forecasts for the second quarter (interim) and full fiscal year ending March 2027, projecting net sales of ¥24,778 million for the interim period and ¥48,530 million for the full year.
• The year-end dividend forecast for the fiscal year ending March 2027 was revised from ¥50 per share to ¥85 per share, resulting in a total annual dividend of ¥135 per share (interim dividend ¥50, year-end dividend ¥85). This revision aligns with the company’s shareholder return policy aiming for a dividend payout ratio of 50%.

The significant outperformance in Q1 suggests the company’s strong adaptability to changes in its operating environment and robust profitability. While increased self-defense demand driven by Middle East geopolitical factors boosted performance, the outlook for Q2 and beyond points to potential impacts from soaring naphtha prices on raw material procurement costs, making the effectiveness of planned sales price revisions a key area to monitor. The dividend forecast revision, coinciding with the release of full-year earnings guidance, underscores a clear and proactive stance on shareholder returns based on the company’s stated profit distribution policy.

• B-R Thirty One Ice Cream Co., Ltd. announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending December 2026.
• Sales for the interim period reached ¥18,551 million, marking a 17.3% increase compared to the previous interim period and setting a new record high.
• Operating profit was ¥1,424 million (down 16.0% year-on-year), ordinary profit was ¥1,534 million (down 9.3% year-on-year), and net income attributable to parent company shareholders was ¥984 million (down 9.8% year-on-year).
• The interim dividend forecast for the fiscal year ending December 2026 remains unchanged at ¥30 per share (compared to ¥25 for the previous interim period). The year-end dividend is also projected at ¥30, totaling ¥60 for the full year.
• The full-year consolidated performance forecast remains unchanged from the most recently published forecast: sales of ¥35,830 million, operating profit of ¥2,830 million, ordinary profit of ¥2,880 million, and net income attributable to parent company shareholders of ¥1,800 million.

The record-high sales and 21 consecutive quarters of positive same-store sales growth suggest strong brand power and effective sales strategies. However, the increase in revenue accompanied by a decrease in profit, largely attributed to soaring raw material costs and the weaker yen, highlights the prevalent cost pressures faced by many businesses. The unchanged full-year guidance might indicate management’s confidence in overcoming current headwinds in the latter half of the fiscal year.

• Oisix has resolved to absorb its wholly-owned subsidiary, ORD Food Service Holdings Co., Ltd., which is an intermediate holding company.
• Prior to the merger, Oisix will waive its claim of 19,060 million yen in intercompany loans to ORD Food Service Holdings Co., Ltd. to resolve its insolvency.
• The merger is scheduled to take effect on September 1, 2026, with Oisix as the surviving company in an absorption-type merger.
• As this merger qualifies as a simplified merger for Oisix and a short-form merger for ORD Food Service Holdings, no shareholder meetings will be held by either company for approval.
• The stated purposes of this reorganization are to enhance governance and optimize costs, as well as to strengthen the financial base and optimize taxation.

This internal group reorganization appears to be part of a broader strategy by Oisix to strengthen and streamline its B2B subscription (school meal service) business. The absorption of an intermediate holding company suggests a move towards a more direct operational structure, aiming to eliminate redundant management functions. The debt waiver to resolve the subsidiary’s insolvency could be interpreted as a step to facilitate the merger smoothly while maintaining overall group financial health.

• Urbanet Corporation has revised upward its consolidated full-year earnings forecast for the fiscal year ending June 2026.
• The revised revenue is 39,000 million yen (an increase of 5.3% from the previous forecast), and operating profit is 4,100 million yen (an increase of 13.2%).
• Ordinary profit is revised to 3,100 million yen (an increase of 8.8%), and profit attributable to owners of parent is revised to 2,100 million yen (an increase of 10.5%).
• Earnings per share are projected to be 57.34 yen.
• The reasons for the upward revision include the recording of sales from high-margin projects in the core real estate development and sales business, as well as the strong performance of its consolidated subsidiary, K-9 Co., Ltd.

This upward revision of the earnings forecast, driven by both the strong performance of the core business and contributions from a consolidated subsidiary, suggests the company’s diversified revenue streams are performing well. The mention of “high-margin projects” in real estate development and sales could indicate a positive impact on the company’s profitability structure. Investors may wish to monitor how these factors translate into actual results in future financial reports.

• G-Axel M announced the signing of a business alliance agreement with Medical Frontier (TCB Group) on July 23, 2026.
• The alliance aims to achieve two primary objectives: (1) sales and joint development of cosmetics, and (2) marketing support leveraging G-Axel M’s expertise in data-driven DSP and advertising networks.
• G-Axel M will utilize its total beauty care brand “≒4.7” as a foundation for joint cosmetic development, including doctor’s cosmetics, with TCB Group’s expertise and expand sales channels through TCB Group’s network.
• Medical Frontier operates “TCB Tokyo Chuo Cosmetic Surgery” among others, and is a leading Japanese cosmetic surgery group with a reported group-wide sales scale of approximately 100 billion yen.
• G-Axel M positions this alliance as a crucial initiative towards achieving its mid-term management goal of a 20 billion yen market capitalization.

This alliance could be a significant step for G-Axel M in its full-scale expansion into the healthcare sector, particularly the aesthetic medicine field. Collaborating with a prominent cosmetic surgery group like TCB may enable G-Axel M to expand its existing beauty and wellness business while potentially generating new revenue streams. The strategic deployment of its data-driven advertising expertise for marketing support suggests an active pursuit of synergy effects.

• WNI Weather Inc. resolved to change its shareholder benefit program at a Board of Directors meeting held on July 23, 2026.
• Prior to the change, eligible shareholders were those holding 2 units (200 shares) or more, recorded on the shareholder registry as of the record dates (end of May and end of November).
• Post-change, eligible shareholders will be those holding 1 unit (100 shares) or more, recorded on the shareholder registry as of the record dates (end of May and end of November).
• The benefit content, which is approximately six months of access to the paid content of the professional weather information service “Weathernews Pro” (reference price: 680 yen/month including tax), remains unchanged.
• This change will apply to shareholders recorded on the company’s shareholder registry as of November 30, 2026.

The change in the shareholder benefit program, specifically lowering the required shareholding for eligibility, could make the benefits accessible to a broader base of investors. This adjustment may suggest the company’s intent to encourage long-term shareholding among a larger number of individuals. For investors, the ability to receive benefits with a smaller initial investment could be a notable point.

• G-Kusurinomadoguchi resolved on July 23, 2026, to acquire all shares of blankpad, making it a wholly owned subsidiary.
• blankpad operates a comprehensive HR matching platform business utilizing personality diagnostics and AI analysis technology.
• The primary objective of this acquisition is to create synergies by combining the businesses of G-Kusurinomadoguchi’s subsidiary,薬剤師求人転職株式会社, and blankpad.
• The acquisition price is a total of 3 yen for 3,100,000 common shares, 1 yen for 50,000 Class A preferred shares, and 1 yen for 13,334 Class B preferred shares.
• blankpad will be consolidated into G-Kusurinomadoguchi’s financial statements from the second quarter of the fiscal year ending March 2027, with a negligible impact on the consolidated earnings forecast for that period.

This acquisition appears to be a strategic move to address the severe shortage and intense competition for pharmacists in the dispensing pharmacy industry by integrating AI-powered matching technology, aiming to enhance recruitment accuracy and retention rates. The nominal acquisition price suggests a focus on blankpad’s technological capabilities and potential future synergies rather than its current financial performance. Given that blankpad has recently been operating at a loss, and aspects of the transaction involve related parties (e.g., overlapping representatives, major shareholder is a related party), the market will likely be monitoring the progress of business integration and its contribution to future revenue.

• KOA announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026, to June 30, 2026).
• Consolidated net sales reached ¥20,880 million (up 23.9% year-on-year), operating profit was ¥851 million (up 70.2%), and ordinary profit was ¥1,315 million (up 148.0%).
• Net profit attributable to owners of the parent stood at ¥1,629 million (up 288.4% year-on-year).
• The full-year consolidated earnings forecast has been revised to net sales of ¥87,300 million, operating profit of ¥5,360 million, ordinary profit of ¥6,040 million, and net profit attributable to owners of the parent of ¥7,740 million.
• The annual dividend forecast has been revised upwards to a total of ¥63.00 (previously ¥32.00), including a year-end dividend of ¥31.50.

KOA’s first-quarter FY2027 results show significant year-on-year growth across sales and profit metrics, with net profit attributable to owners of the parent nearly tripling. This performance appears to be driven by expanding demand in AI-related equipment and distributor channels, recovery in industrial equipment demand, robust automotive sector demand, and favorable foreign exchange rates due to the depreciating yen. The upward revision of both full-year earnings and dividend forecasts suggests a positive outlook from the company regarding its future business environment.

• Shin-Etsu Polymer reported consolidated net sales of JPY 30,585 million for Q1 FY2027, representing a 9.3% increase year-on-year.
• Consolidated operating profit for the same period was JPY 4,148 million (up 8.6% YoY), and ordinary profit was JPY 4,125 million (up 3.5% YoY).
• Net profit attributable to owners of parent decreased by 22.3% year-on-year to JPY 2,415 million.
• The consolidated full-year forecast for FY2027 has been released, projecting net sales of JPY 120,000 million, operating profit of JPY 16,000 million, ordinary profit of JPY 16,000 million, and net profit attributable to owners of parent of JPY 10,500 million.
• The year-end dividend forecast has been revised to JPY 33.00, resulting in a total annual dividend forecast of JPY 66.00.

Shin-Etsu Polymer’s Q1 FY2027 results show an increase in net sales and operating profit, but a notable decrease in net profit attributable to parent. This divergence, particularly with a significant increase in comprehensive income, may suggest the impact of non-operating items or taxes requiring further analysis. The publication of the previously undisclosed full-year forecasts and the revised annual dividend forecast provides investors with concrete future targets, which could be a key factor for market observation.

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

• GRCS Inc. published its Q&A summary regarding the Q2 FY2026 financial results on July 23, 2026.
• Net sales for the second quarter reached a record high, attributed to deeper engagement with existing clients in the GRC Security business and new project acquisitions in Asia for the Financial Technology business.
• The GRC Security business saw an 11.2% increase in net sales year-over-year, driven by expanding transaction volumes and deeper project engagement with existing clients amidst growing security demand.
• Although the operating profit was in the red at the end of the second quarter, it exceeded the initial plan for the period. The company anticipates achieving its full-year operating profit forecast of 119 million yen, supported by the concentration of Financial Technology business profits in the second half and ongoing optimization of selling, general, and administrative expenses.
• The operating loss is primarily attributed to upfront investments in developing proprietary AI models for its products, recruitment activities for specialized personnel, and amortization of goodwill from past M&A.

The Q&A summary from GRCS highlights a balance between robust sales growth and strategic upfront investments for future expansion. The sustained growth in the GRC Security business through deeper existing client engagement and the expansion of the Financial Technology business into Asia appear to be key drivers. Investors may focus on how the company’s full-year operating profit target, despite current losses due to investment, will be achieved and what impact it will have on future performance.

• SE H&I announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026 – June 30, 2026).
• Sales revenue was ¥1,566 million, a decrease of 3.9% compared to the same period of the previous year.
• Operating profit was ¥254 million (up 34.7% year-on-year), ordinary profit was ¥233 million (up 64.5% year-on-year), and net profit attributable to parent company shareholders was ¥168 million (up 74.4% year-on-year), marking significant profit increases.
• By segment, the Investment Management business reported sales of ¥356 million (up 120.8% year-on-year) and segment profit of ¥320 million (up 157.6% year-on-year), showing substantial increases in both revenue and profit.
• There is no change to the full-year consolidated earnings forecast previously announced on May 8, 2026.

While sales revenue declined year-over-year, the strong performance of the investment management business significantly boosted overall profitability, leading to substantial gains. Decreases in sales across the Publishing, Corporate Services, Software & Network, and Education & Human Resources segments suggest a potential shift in business structure impacting results. The increase in total assets and self-capital ratio indicates a stable financial position.

• Nagase Co., Ltd. announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026 – June 30, 2026).
• Net sales for the quarter reached ¥14,211 million, representing a 3.6% increase compared to the same period last year.
• The company reported an operating loss of ¥94 million, a shift from an operating income of ¥29 million in the prior-year quarter. Ordinary loss was ¥101 million, and net loss attributable to parent company shareholders was ¥305 million.
• Expenses increased by 4.5% year-on-year to ¥14,305 million, primarily due to higher advertising costs (including TV commercials for nationwide elementary school tests and high school student recruitment for summer programs) and increased personnel expenses due to wage base-ups.
• The consolidated full-year earnings forecast and dividend forecast for the fiscal year ending March 2027 (interim dividend of ¥60, year-end dividend of ¥60, total ¥120) remain unchanged from the most recently announced figures.

While net sales showed an increase, the shift to operating, ordinary, and net losses is a key point for investors to consider. This suggests that increased spending on academic improvement initiatives, advertising, and personnel costs may have impacted profitability during the quarter. The unchanged full-year forecast could indicate the company anticipates these expenses to be temporary or to be offset by stronger performance in subsequent quarters.

• Enigmo Co., Ltd. resolved to absorb and merge its wholly-owned consolidated subsidiary, GETSURAKU, Inc., with an effective date of September 8, 2026, and concluded the merger agreement.
• Prior to the merger, Enigmo executed a debt-equity swap (JPY 65 million) and additional cash injection (JPY 12 million) into GETSURAKU on July 23, 2026, totaling JPY 77 million in financial restructuring to resolve GETSURAKU’s negative equity.
• The merger’s objectives are to optimize management efficiency, strengthen governance, and reduce group-wide administrative costs, citing uncertainties in selecting a successor for GETSURAKU’s resigning representative director and the fixed management costs of operating as an independent entity.
• The merger will proceed without shareholder approval, utilizing simplified merger procedures for Enigmo and short-form merger procedures for GETSURAKU, based on the Companies Act.
• Enigmo expects to record a special loss (loss on elimination of treasury stock held by a subsidiary) in its non-consolidated financial statements due to the merger, with the exact amount to be disclosed once determined.

Enigmo’s decision to absorb GETSURAKU, integrating its operations directly, appears to be a strategic move to enhance management efficiency and strengthen governance. The pre-merger capital injection to resolve GETSURAKU’s negative equity suggests a proactive approach to streamline the reorganization and prevent immediate merger-related losses. Investors will likely monitor the amount of the expected special loss in Enigmo’s non-consolidated financials and its potential impact.

• DISCO Corporation announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026 – June 30, 2026).
• Consolidated net sales were ¥114,308 million (up 27.1% year-on-year), operating profit was ¥49,033 million (up 42.2%), ordinary profit was ¥48,441 million (up 42.5%), and profit attributable to owners of parent was ¥34,221 million (up 44.0%).
• Shipments recorded ¥135,906 million (up 22.3% year-on-year).
• Total assets stood at ¥751,159 million, net assets at ¥582,523 million, and the equity ratio was 77.3%.
• The company disclosed its consolidated financial forecast for the second quarter (interim period) of FY2027, projecting net sales of ¥242,800 million (up 24.8% year-on-year) and operating profit of ¥104,900 million (up 33.0%).
• The interim dividend forecast for FY2027 was revised to ¥171.00 per share.

• Nile Co., Ltd. resolved at its Board of Directors meeting on July 23, 2026, to acquire 80% of the issued shares of NEW PHASE Co., Ltd., making it a subsidiary.
• The remaining 20.0% of NEW PHASE Co., Ltd.’s shares are planned to be acquired as additional consideration conditional on performance achievement ratios up to the December 2029 fiscal year.
• NEW PHASE Co., Ltd. was established on April 18, 2024, and operates the video editing school business “STEP UP.”
• The acquisition cost is an estimated total of 43 million yen, consisting of 36 million yen for NEW PHASE Co., Ltd.’s common shares and 7 million yen for advisory fees.
• The scheduled share transfer execution date is August 1, 2026.
• For the fiscal year ended March 2026, NEW PHASE Co., Ltd. reported sales of 34,627 thousand yen and operating profit of 12,170 thousand yen.

This acquisition appears to target synergies between G-Nile’s practical AI school “With AI Academy” and NEW PHASE’s “STEP UP” video editing school. The stated goal is to diversify customer acquisition channels, improve student recruitment efficiency, and connect graduates to talent placement services, aiming to build a comprehensive ecosystem from education to talent utilization. NEW PHASE’s rapid profitability could potentially contribute to G-Nile’s overall revenue growth.

• Daikokuya Holdings Co., Ltd. resolved to introduce a shareholder benefit program at its Board of Directors meeting held on July 23, 2026.
• The purpose of this program is to express gratitude to shareholders, enhance the investment appeal of the company’s shares, and encourage long-term share ownership.
• Eligible shareholders are those recorded with the same shareholder number on both September 30 and March 31 of each year, holding 10 units (1,000 shares) or more of the company’s stock.
• The benefit will be implemented once a year, with the first record date being March 31, 2027 (eligible shareholders must meet the conditions on both September 30, 2026, and March 31, 2027).
• The benefit consists of a ¥3,000 coupon usable for purchases or sales at the company’s stores.

The introduction of this shareholder benefit program may indicate Daikokuya’s intention to strengthen shareholder relations and expand its investor base. The condition of holding 1,000 shares or more, combined with the delayed first record date and the twice-yearly record dates for a single annual benefit, suggests a strategy to encourage medium-to-long-term shareholding. The coupon being redeemable at Daikokuya stores could also potentially boost customer engagement and reinforce brand loyalty.

• Skala Inc. resolved to acquire shares of and make Tera Inc. a subsidiary at its board meeting on July 23, 2026.
• Skala will acquire 80% of Tera Inc.’s outstanding shares after Tera implements a company split, inheriting its system solution business.
• An option agreement for the remaining 20% of shares, with transfer value fluctuating based on Tera’s performance, has been separately concluded, with Skala aiming for full ownership in the medium to long term.
• The acquisition price totals 858 million yen (approximate), comprising 840 million yen for common shares and 18 million yen for advisory fees.
• Tera Inc. provides POS systems like “TelephoneMaster” for telecom carrier shops, deployed in approximately 2,500 stores nationwide.
• The share transfer is scheduled to be executed on September 1, 2026.

Skala positions “AI SaaS” and “AI BPO” as core growth strategies, and the acquisition of Tera Inc. is seen as a strategic investment to build a next-generation “AI Operation Platform” by integrating Tera’s operational knowledge and customer base with Skala’s AI technologies. The company aims to leverage Tera’s expertise from the telecom industry to expand into other sectors such as finance, insurance, retail, and local governments, potentially generating new markets and recurring revenue. This move suggests a focus on enhancing Skala’s DX and AI businesses, which could be worth monitoring for future financial impacts.