Japan Stock IR Daily – June 01, 2026 (27 reports)

• Okamoto Co., Ltd. released the summary of the Q&A session from its FY2026/3 earnings presentation on June 1, 2026.
• The company plans to invest in wrap film equipment, which is expected to increase capacity by approximately 20%.
• Strong demand was noted for adhesive tapes and agricultural materials.
• In response to surging antimony prices, the company is advancing price pass-through and has begun transitioning to non-antimony materials.
• The vehicle interior materials division is expected to see increased profits in the current fiscal year.
• In Femtech, the company aims to launch one new product annually, while for environmentally friendly products, it is advancing plastic recycling and a joint initiative with JR West for horizontal recycling of lost vinyl umbrellas.

The disclosed Q&A provides insights into the company’s specific strategies and management’s perspectives on key business segments. The planned capacity expansion through capital investment, measures to address raw material price fluctuations, and the recognition of external factors such as the Middle East situation, may suggest the company’s adaptability to its operating environment. Furthermore, the concrete initiatives in Femtech and environmentally friendly products, designated as growth areas, could indicate a focus on long-term corporate value enhancement.

• Japan Material Co., Ltd. announced on June 1, 2026, a correction to a portion of its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 [Japanese GAAP],” originally disclosed on May 13, 2026.
• The reason for the correction is the discovery of an error in part of the description.
• The correction pertains to the section “1. Overview of Operating Results (1) Overview of Current Period Operating Results,” specifically “① Electronics Related Business.”
• The original text stated that “In the operation division providing special gas sales management services, technical services, etc., sales and segment profit both increased.”
• The corrected text now states that “In the operation division providing special gas sales management services, technical services, etc., although sales decreased due to a decline in the unit price of some special gas sales, segment profit increased.”

• TENO. Holdings Co., Ltd. disclosed on June 1, 2026, an update regarding the share acquisition schedule for Kodomo First Japan Co., Ltd. (making it a subsidiary).
• The execution date for the share acquisition of Kodomo First Japan Co., Ltd., previously announced on February 20, 2026, and April 1, 2026, has been set for July 1, 2026.
• Following this acquisition, Kodomo First Japan Co., Ltd. is expected to become a subsidiary of TENO. Corporation, with July 1, 2026, as the acquisition date.
• The impact of this acquisition on the consolidated financial performance for the full year ending December 2026 is expected to be minor.
• The consolidated earnings forecast for the fiscal year ending December 2026 is: Net Sales of 19,500 million yen, Operating Profit of 645 million yen, Ordinary Profit of 590 million yen, and Profit attributable to owners of parent of 290 million yen.

This disclosure confirms the execution date for a previously announced subsidiary acquisition, suggesting that the plan is proceeding as scheduled. The expectation of a minor impact on the fiscal year ending December 2026 consolidated performance may indicate that this acquisition is viewed as part of a medium-to-long-term business strategy rather than a short-term earnings driver. Investors might monitor the progress of business integration and the potential implications of this subsidiary acquisition on the company’s mid-term management plan.

• NIPPON AQUA Co., Ltd. announced on June 1, 2026, a “Partial Revision to the ‘Q1 FY2026 Earnings Presentation Material’.”
• This revision pertains to the “Q1 FY2026 Earnings Presentation Material” originally published on May 8, 2026.
• The reason for the revision is stated as a review of the handling of descriptions related to the market environment.
• Specifically, page 6 of the material, titled “Market Environment: Continued Price Hikes Across Building Materials, Supply Constraint Risks Also Manifesting,” has been deleted.
• The updated material is now available on the company’s official website.

This announcement indicates NIPPON AQUA’s decision to remove specific market environment information from its previously published earnings presentation. Investors may consider this change as potentially reflecting a revised corporate perspective or assessment of the market conditions. The removal of specific content could suggest an adjustment in the company’s messaging strategy or its view on external factors, which may be worth monitoring in future disclosures.

• NEXT FUNDS Nomura Enterprise Value Allocation Index Exchange Traded Fund (1480) announced its earnings report for the fiscal year ended April 2026 on June 1, 2026.
• Total net assets for the fiscal year ended April 2026 (October 21, 2025 – April 20, 2026) were JPY 15,690 million, an increase from JPY 13,361 million in the fiscal year ended October 2025.
• Net asset value per unit for the fiscal year ended April 2026 was JPY 36,814, up from JPY 31,348 in the fiscal year ended October 2025.
• Dividend per unit for the fiscal year ended April 2026 was announced as JPY 330, an increase from JPY 307 in the fiscal year ended October 2025.
• The scheduled date of submission of the securities report is July 15, 2026, and the date of commencing dividend payment is May 29, 2026.

• JGB Double Inverse (2251) announced its semi-annual earnings report for the fiscal year ending October 2026 (October 21, 2025 – April 20, 2026).
• As of the end of the semi-annual period in April 2026, net assets totaled JPY 6,246 million.
• The net asset value per 100 units for the period was JPY 86,751.
• The number of issued units at the end of the semi-annual period in April 2026 was 7,200 thousand units.
• There were no changes in accounting policies.

JGB Double Inverse is an exchange-traded fund that tracks the JPX JGB Futures Double Inverse Index. This semi-annual report indicates an increase in net assets from JPY 2,919 million in the previous fiscal period to JPY 6,246 million. Additionally, the number of issued units also rose from 3,600 thousand units to 7,200 thousand units, which may suggest an expansion in the fund’s scale.

• NEXT FUNDS MSCI Japan Empowering Women Select Index ETF (2518) has announced its earnings report for the fiscal year ended April 2026 (period: October 21, 2025 – April 20, 2026).
• Total net assets at the end of the current period were JPY 14,395 million, an increase from JPY 11,839 million at the end of the previous period (October 2025).
• The Net Asset Value (NAV) per 100 units at the end of the current period was JPY 214,652 (compared to JPY 181,504 at the end of the previous period).
• The number of issued units at the end of the current period reached 6,706 thousand units.
• The dividend per 100 units for the current period was announced as JPY 2,100.
• The scheduled date for the submission of the securities report is July 15, 2026, and the dividend payment commencement date is May 29, 2026.

The earnings report for NEXT FUNDS MSCI Japan Empowering Women Select Index ETF (2518) for the fiscal year ended April 2026 shows growth in both net assets and NAV per unit. This increase appears to be primarily driven by the performance of its primary invested assets, which are stocks. The announced increase in the dividend per 100 units for the period may also indicate a positive trend in the fund’s operational performance.

• NEXT FUNDS MSCI Japan Country Selection Index Exchange Traded Fund (Code: 2643) released its earnings report for the fiscal year ended April 2026 (October 21, 2025 – April 20, 2026) on June 1, 2026.
• As of the end of the fiscal year April 2026, total net assets amounted to JPY 2,038 million.
• Primary invested assets, consisting of stocks and REITs, totaled JPY 2,006 million, representing 98.4% of the asset composition.
• The number of issued units at the end of the fiscal period was 518 thousand units, with the Net Asset Value (NAV) per 100 units reported at JPY 393,431.
• The dividend per 100 units was announced as JPY 3,200, with the dividend payment commencing on May 29, 2026.

This earnings report provides a clear snapshot of the ETF’s asset composition and operational status. The reported total net assets and the breakdown of primary invested assets confirm the fund’s high allocation to stocks and REITs, consistent with its objective of tracking the underlying index. The stated NAV per 100 units and the dividend payment are key metrics that may be considered by investors when evaluating the fund’s performance.

• Consolidated net sales for the fiscal year ended March 2026 amounted to 95,259 million JPY, representing a 4.1% decrease year-on-year.
• Consolidated operating profit was 6,417 million JPY (up 9.9% year-on-year), consolidated ordinary profit was 6,278 million JPY (up 8.5% year-on-year), and consolidated net profit was 4,666 million JPY (up 20.0% year-on-year), securing a third consecutive year of profit growth.
• Operating profit and net profit achieved the final year targets of the Mid-term Management Plan (FY2024-2026) one year ahead of schedule.
• Net sales for the standalone Paving Material Manufacturing and Sales segment increased by 7.3% year-on-year to 20,796 million JPY.
• In standalone construction orders, orders from public agencies decreased by 9.3% year-on-year, while private sector orders increased by 4.6% year-on-year.

The company’s ability to secure profit growth despite a decline in net sales, and the early achievement of its mid-term management plan targets, may suggest effective cost management and successful initiatives to improve profitability. The differing trends in sales between the construction business and the paving material manufacturing and sales segment, along with the contrasting public and private sector order flows, could indicate areas for further strategic focus and are worth monitoring for future performance.

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

• CONVANO Co., Ltd. announced on June 1, 2026, a partial correction to its disclosure made on May 15, 2026, regarding “Recording of Extraordinary Losses in Individual Financial Results and Differences in Individual Business Performance.”
• The primary reasons for the correction include a detailed review of figures for the March 2026 fiscal year, consultations with the audit firm, cancellation of accounts receivable for corporate tax refunds from prior years, and refinement of other expense items.
• The classification of the ¥4,804 million valuation loss on crypto assets (primarily Bitcoin) in the income statement has been changed from “extraordinary loss” to “non-operating expense.” The title of the announcement has been corrected accordingly to “Recording of Non-Operating Expenses in Individual Financial Results and Differences in Individual Business Performance.”
• The individual financial results for the March 2026 fiscal year have been revised as follows: operating profit from ¥69 million to ¥11 million, ordinary profit from ¥940 million to -¥4,130 million, net profit from -¥3,890 million to -¥4,164 million, and earnings per share from -¥8.07 to -¥8.64.
• Accounts receivable for corporate tax refunds from prior years and the corresponding refund interest of ¥208 million have been canceled after re-verification determined that they did not meet the recognition criteria.

This correction significantly alters the company’s reported individual financial performance, particularly regarding the reclassification of the cryptocurrency valuation loss. Investors should note the substantial revision in ordinary profit, which shifted from a significant surplus to a deficit, indicating a material impact on the overall income statement structure. The cancellation of the corporate tax refund interest also contributed to the revised net profit figures, which is a detail worth monitoring.

• Axial reported consolidated results for the fiscal year ended March 2026, achieving record high net sales of 295,536 million JPY (up 4.8% year-on-year), gross profit of 84,510 million JPY (up 3.0%), and ordinary profit of 12,799 million JPY (up 0.7%), with both net sales and pre-tax profit reaching new highs.
• Net profit for the period was 8,803 million JPY (down 2.3% year-on-year), primarily impacted by a decrease in special tax credits.
• The fiscal year ending March 2027 is positioned as a “year for growth preparation,” with key initiatives including strengthening manufacturing retail functions, preparing for increased store openings from FY2027 onwards, and enhancing shareholder returns through progressive dividends and long-term shareholder benefit incentives.
• The Mid-Term Management Plan (FY2026/3-FY2028/3) sets targets for FY2029/3 of 338.0 billion JPY in net sales, an ordinary profit margin of 4.0%, and 144 stores (including 16 new openings).
• The company launched its ethical product brand “Hana-well” to integrate business activities with social responsibility, focusing on five pillars: Earth, Healthy, Local, Diversity, and Future.

Axial’s FY2026/3 results show strong top-line growth and record pre-tax profits, though a slight dip in net profit due to tax credit changes is notable. The designation of FY2027/3 as a “year for growth preparation” suggests a focus on foundational investments in manufacturing retail and store expansion, which could impact future growth trajectories. Enhanced shareholder returns, including progressive dividends, may indicate a commitment to shareholder value.

• Sanyodo HD reported consolidated financial results for the fiscal year ended March 2026, with net sales of ¥17,249 million (+3.9% YoY), operating profit of ¥268 million (+117.2% YoY), ordinary profit of ¥279 million (+65.8% YoY), and net profit of ¥340 million (+91.4% YoY).
• By segment, sales in the trading card division increased to ¥2,576 million (+26.6% YoY), the Surugaya division to ¥1,128 million (+80.7% YoY), and the stationery, general merchandise, and food division to ¥1,773 million (+15.4% YoY).
• Conversely, the bookstore division’s sales decreased to ¥8,578 million (-5.7% YoY), the rental division to ¥731 million (-11.0% YoY), the used book division to ¥510 million (-3.9% YoY), and the sell AV division to ¥466 million (-18.6% YoY).
• The consolidated balance sheet showed an improvement in the equity ratio from 22.7% in the previous year to 24.2%.
• Cash flow from operating activities was ¥29 million, from investing activities was -¥61 million, and from financing activities was ¥131 million.

Sanyodo HD’s robust financial performance for the fiscal year ended March 2026, with significant increases in sales and profits, appears to be largely driven by the strong growth in its trading card and Surugaya divisions, offsetting declines in traditional bookstore operations. The expansion of the Surugaya division, including an increase in store count, may suggest a strategic shift in the company’s business portfolio, which could be an important factor for investors to monitor going forward.

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

• Kandenko announced on June 1, 2026, a partial correction to its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (Japanese GAAP).”
• The reason for the correction was the discovery of an error in the aggregation of land revaluation differences, which constitute a component of comprehensive income.
• The corrections affect the “Comprehensive Income” figure in the summary information and the “Land Revaluation Difference,” “Total Other Comprehensive Income,” “Comprehensive Income,” and “Comprehensive Income Attributable to Owners of Parent” in the Consolidated Statement of Comprehensive Income.
• Consolidated comprehensive income for the fiscal year ended March 2026 was revised from ¥75,600 million (up 66.2% year-on-year) to ¥75,742 million (up 66.5% year-on-year).
• In the Consolidated Statement of Comprehensive Income for the fiscal year ended March 2026, the “Land Revaluation Difference” was corrected from ¥△141 million to “－”.

This correction primarily stems from an aggregation error concerning the land revaluation difference, a component of comprehensive income, and has been announced not to impact key profit and loss items such as net sales, operating profit, ordinary profit, or profit attributable to owners of parent. Therefore, it may not directly alter the fundamental assessment of the company’s earning capacity. Investors may want to note that this correction primarily pertains to specific items within the financial statements.

• Ito En reported consolidated net sales of ¥497,877 million for the fiscal year ended April 2026, marking a 5.3% increase year-over-year.
• Consolidated operating profit for the same period was ¥21,684 million, representing a 5.6% decrease from the previous fiscal year.
• Net profit attributable to owners of parent significantly decreased by 75.5% to ¥3,466 million.
• The annual dividend per share for FY2026 was announced as ¥48 (¥24 interim, ¥24 year-end), an increase from ¥44 in the prior fiscal year.
• For the fiscal year ending April 2027, Ito En forecasts consolidated net sales of ¥500,000 million (up 0.4% YoY), operating profit of ¥20,000 million (down 7.8% YoY), and net profit attributable to owners of parent of ¥11,430 million (up 229.7% YoY).

Ito En’s FY2026 consolidated results show revenue growth, but a substantial decline in net profit attributable to owners of parent, which warrants investor attention. Concurrently, the company increased its annual dividend, signaling a commitment to shareholder returns. The FY2027 forecast projects a modest revenue increase but a significant recovery in net profit, which may suggest expected improvements in profitability factors during the upcoming fiscal year.

• Kose RE Co., Ltd. announced the financial results for the fiscal year ended March 2026 (April 1, 2025 to March 31, 2026) of its unlisted parent company, TMI Trust Co., Ltd.
• TMI Trust’s corporate overview includes a capital of 3 million yen and business activities consisting of holding and operating securities, and real estate leasing.
• Regarding the relationship with Kose RE, TMI Trust holds 20.71% of Kose RE’s voting rights (as of January 31, 2026), and Toshikazu Morofuji, President and Representative Director of Kose RE, also serves as Representative Director of TMI Trust.
• According to TMI Trust’s income statement for the fiscal year ended March 2026, sales were 81,999 thousand yen, operating income was 11,210 thousand yen, ordinary income was 50,117 thousand yen, and net income for the period was 58,708 thousand yen.
• The balance sheet as of March 31, 2026, indicates total assets of 1,603,044 thousand yen, total liabilities of 1,070,977 thousand yen, and total net assets of 532,066 thousand yen.

This disclosure is made in accordance with the obligation for listed companies to disclose financial information of their unlisted parent companies, aiming to enhance transparency regarding the financial condition of controlling shareholders and provide essential information for the protection of minority shareholders. The financial status and asset composition of TMI Trust, along with its specific transactional relationship with Kose RE, may be points of interest for investors evaluating the business continuity and overall risk of the group. The parent company’s financial health could indirectly influence the management of its listed subsidiary.

• TradeWorks Inc. submitted amended annual securities reports and other documents to the Kanto Local Finance Bureau on June 1, 2026.
• Concurrently, the company disclosed partial amendments to past financial statements, including earnings reports, on the same date.
• The reason for the amendment is an error discovered in the accounting treatment of changes in the company’s equity in a consolidated subsidiary, specifically related to the “Practical Guidelines for Capital Consolidation Procedures in Consolidated Financial Statements (Transition Guideline No. 4).”
• This error led to a reclassification between capital surplus and non-controlling interests on the consolidated balance sheet.
• The amendments have no impact on the company’s past profit and loss statements.
• The amended annual securities report pertains to the 28th fiscal period (from January 1, 2025, to December 31, 2025).
• The amended financial statement is the “Consolidated Financial Results for the Fiscal Year Ended December 2025 [Japanese GAAP].”
• The content of these amendments remains unchanged from the “Notice Regarding Partial Amendment to Past Financial Results” announced on May 8, 2026.

This amendment primarily involves a reclassification on the consolidated balance sheet due to an accounting error, with no reported impact on past profit or loss, which may be a key point for investors. The fact that the amendments align with a previously announced notice could suggest consistency in the company’s corrective actions. Investors might consider this as a routine measure to ensure the accuracy and transparency of financial reporting, highlighting the importance of proper accounting practices for market confidence.

• Osaka Organic Chemical Industry Ltd. (Ohgata Kaigaku) announced today that it has agreed to form a capital and business alliance with Sanpo Chemical Research Institute Co., Ltd.
• Ohgata Kaigaku will acquire 50,204 shares of Sanpo Chemical’s outstanding stock, representing 33.8% of voting rights, on June 1, 2026. The acquisition price has not been disclosed.
• The business alliance aims for joint development of photoresist raw materials and related materials for semiconductors, optimized material design integrating raw material monomers, photosensitive materials, and solvents for photoresists, and technological collaboration to advance high-purity and metal management technologies.
• Sanpo Chemical Research Institute, established in 1952 with a capital of JPY 96 million, manufactures and sells chemical products and chemicals for semiconductor materials, display materials, high-performance materials, and pharmaceutical/agrochemical raw materials.
• Ohgata Kaigaku currently anticipates that this alliance will have a minor impact on its financial results for the fiscal year ending November 2026.

This capital and business alliance appears to be a strategic move to combine complementary technologies in the semiconductor and electronic materials sectors, aiming to enhance competitiveness and achieve sustainable growth. The focus on advancing high-purity technology and accelerating development speed could be critical in meeting increasing market demands for sophisticated materials. The mutual strengths of the two companies may lead to improved customer proposals and the creation of new market opportunities, which could be worth monitoring for long-term business trajectory.

• Softtex announced a re-correction to its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (Japanese GAAP),” originally disclosed on May 15, 2026, following a previous correction on May 19, 2026.
• The re-correction was prompted by a review of accounts receivable and contract liabilities after the initial financial results announcement.
• For the fiscal year ended March 2026, total assets were revised from JPY 2,013 million to JPY 1,991 million, and current liabilities from JPY 481 million to JPY 460 million.
• Within current assets, “Accounts receivable and contract assets” were revised from JPY 839,068 thousand to JPY 817,652 thousand.
• Within current liabilities, “Contract liabilities” were revised from JPY 37,864 thousand to JPY 16,448 thousand.
• These corrections necessitate adjustments to the balance sheet, cash flow statement, summary information, and other related figures in the attached documents.

This re-correction, primarily driven by adjustments to accounts receivable and contract liabilities, has led to changes in Softtex’s total assets and liabilities. Such revisions to financial statements can draw investor attention to a company’s accounting practices and the precision of its reported figures. Investors may wish to carefully examine the details of these corrections to assess any potential implications for the company’s financial health and future performance.

• Horii Food Service Co., Ltd. announced the completion of its acquisition of shares in Sushi Masu Foods Co., Ltd., making it a subsidiary, as of June 1, 2026.
• This share acquisition is a follow-up to the announcement regarding the acquisition of Sushi Masu Foods Co., Ltd. shares (making it a subsidiary) initially disclosed on April 3, 2026.
• This transaction was not incorporated into the consolidated earnings forecast for the fiscal year ending November 2026, which was released on January 14, 2026.
• Horii Food Service anticipates that the impact of this transaction on its consolidated earnings will be minor.

This announcement confirms the official completion of Horii Food Service’s previously disclosed acquisition of Sushi Masu Foods. The expectation of a minor impact on consolidated earnings suggests that there may not be significant immediate changes to the company’s short-term financial metrics. However, from a long-term perspective, how this subsidiary acquisition contributes to future business strategies and potential synergies will be worth monitoring for investors.

• Alpha Co. announced its consolidated results for the fiscal year ended March 2026, reporting net sales of ¥72.699 billion (down 1.1% year-on-year) and operating profit of ¥0.843 billion (down 7.7% year-on-year).
• Ordinary profit reached ¥1.618 billion (up 165.5% year-on-year), significantly impacted by a foreign exchange gain of ¥0.837 billion and extraordinary income of ¥0.278 billion (including liquidation gain from a Chinese subsidiary).
• The consolidated earnings forecast for the fiscal year ending March 2027 projects net sales of ¥73.000 billion (up 0.4% year-on-year) and operating profit of ¥1.500 billion (up 77.9% year-on-year).
• The annual dividend for FY2026/3 was ¥48 (interim ¥20, year-end ¥28), and the forecast for FY2027/3 is ¥51 (interim ¥21, year-end ¥30).
• Key factors for the revenue decrease included reduced production by major customers in North America, lower demand for electronic locks due to the slowdown in new housing starts in Japan, and the postponement of high-value-added product development for EV models due to a deceleration in the EV market.

While Alpha Co. reported a decline in both revenue and operating profit for the fiscal year ended March 2026, the significant increase in ordinary profit and net profit attributable to parent company shareholders, driven by foreign exchange gains and extraordinary income, is noteworthy. The robust recovery projected in operating profit for the fiscal year ending March 2027, despite only a slight increase in revenue, could be a key point of interest for investors. While manufacturing improvements are expected to boost profits, the impact of increased upfront investments and other fixed costs on profitability should also be monitored.

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

• Temona’s consolidated net sales for the first half of FY26 (ending September 2026) were ¥905 million, a 3.3% decrease year-on-year.
• Operating profit decreased by 96.7% year-on-year to ¥3 million.
• Net profit attributable to owners of parent was recorded at ¥-32 million.
• The gross profit margin was 45.9%, a 9.6 percentage point decrease from the prior year, due to changes in the sales mix.
• A cyberattack and system disruption impacted the EC Support business, but the FinTech business showed an increasing trend in transaction volume.

The interim results indicate that a cyberattack significantly impacted the EC Support business’s revenue and profit. However, the increasing revenue contribution from the FinTech business suggests a shift in the company’s business portfolio. With the full-year forecast remaining unchanged at this point, the recovery of the EC Support business and continued growth in the FinTech segment in the second half of the fiscal year will be key areas for investors to monitor.

• People Co., Ltd. announced its non-consolidated financial results for the first quarter of the fiscal year ending January 2027 (January 21, 2026, to April 20, 2026).
• Net sales for the quarter were ¥267 million, representing a 7.8% decrease compared to the same period in the previous year.
• The company reported an operating loss of ¥57 million, an ordinary loss of ¥57 million, and a net loss for the quarter of ¥65 million.
• The new baby toy brand “Baby curiosity” was launched, with 14 renewed existing products introduced to clients, resulting in positive reviews on social media and a strong start for the series sales including previous products.
• Strategic partnerships were formed with sales and marketing support companies in the UK and other European regions to strengthen overseas sales and PR.

While People Co., Ltd. experienced a decline in net sales, it managed to improve its operating and ordinary losses compared to the prior year’s first quarter. The introduction of the “Baby curiosity” brand and the establishment of international strategic partnerships could be key factors influencing future revenue streams. Given the characteristics of the toy market, the year-end holiday sales season typically has a significant impact on full-year performance, making future developments worth monitoring.

• Biken Techno Co., Ltd. announced a partial change to its shareholder benefit program, effective June 1, 2026.
• The shareholder benefit item will be changed from “products equivalent to 2,500 yen” to a “digital gift worth 2,500 yen.”
• Stated redemption options for the digital gift include Amazon Gift Cards, QUO Card Pay, and PayPay Money Light, with a note that options may change.
• The eligibility criteria for shareholders, which is holding 1,000 shares or more as of March 31st each year, remains unchanged.
• The first distribution for the March 31, 2026 record date is scheduled for late August 2026, with subsequent distributions for record dates from March 31, 2027 onwards to be sent within approximately three months of the record date.

The announced change in shareholder benefit items to digital gifts is stated to improve convenience for shareholders. This shift to digital offerings may allow shareholders greater flexibility in choosing how to utilize their benefits, potentially increasing the perceived value and utility of the program. It could also suggest a modernization of the company’s shareholder engagement strategy, aligning with contemporary trends in corporate benefits.

• MUSCAT GROUP has decided to record an impairment loss on shares of affiliated companies totaling ¥794,151 thousand as an extraordinary loss in its non-consolidated financial statements for the fiscal year ended March 31, 2026.
• This impairment loss is attributed to a significant decline in the fair value of shares held in WinC Co., Ltd. (¥557,999 thousand) and Ricecurry Plus Co., Ltd. (¥236,152 thousand) compared to their book values.
• As a result of this extraordinary loss, the non-consolidated net income for FY2026/3 has been revised from ¥592 million to ¥-201 million, total assets from ¥5,708 million to ¥4,914 million, and net assets from ¥2,058 million to ¥1,264 million.
• The consolidated cash flow statement for FY22026/3 was also revised, with cash flow from operating activities changing from ¥-673 million to ¥-676 million, and cash flow from investing activities changing from ¥-629 million to ¥-484 million.
• A disclosure regarding “Matters Pertaining to Going Concern Assumption” was added, citing two consecutive periods of negative cash flow from operating activities.

The revision primarily stems from a re-evaluation of affiliated company shares in the non-consolidated financial statements, leading to a substantial extraordinary loss that significantly impacts non-consolidated earnings. The adjustments to the consolidated cash flow statement and the addition of the “going concern” disclosure likely reflect the audit firm’s assessment of the company’s financial health. Investors should monitor how these changes might influence future corporate strategy and financing activities.

• CYBERDYNE Inc. has decided to form a strategic business alliance with Pegasus Tech Ventures, Inc., a US-based global venture capital firm.
• The companies will jointly establish a fund and promote strategic investment activities. The fund is named “PEGASUS TECH VENTURES COMPANY XXXIII, L.P.”.
• The alliance aims to create global business opportunities in the “HCPS-fusion Cybernics with Physical AI” domain and accelerate the development of the Cybernics industry.
• The fund size is $60 million (approximately ¥10 billion), with CYBERDYNE Inc. investing 99.9% as a limited partner.
• The fund was established on March 30, 2026, with an operational period of 10 years from June 1, 2026. Its objective is to invest in startups worldwide contributing to the creation and development of the Cybernics industry.

This alliance suggests CYBERDYNE’s intention to leverage Silicon Valley’s innovation network to accelerate the social implementation and global expansion of “HCPS-fusion Cybernics with Physical AI”. The strategic investment through a fund of approximately $60 million could lead to a mid-to-long-term expansion of the company’s business portfolio. Enhanced access to promising global startups and cutting-edge technologies may contribute to the creation of new business opportunities.

• KITZ Corporation announced the completion of its acquisition of all shares of V-TEX Co., Ltd. on June 1, 2026, as previously disclosed on March 26, 2026, making V-TEX a consolidated subsidiary.
• KITZ acquired 886,400 shares, resulting in a 100.0% voting rights ownership after the transaction.
• The share acquisition cost was 9,198 million JPY, with total estimated costs including advisory fees of approximately 170 million JPY, amounting to an estimated total of 9,368 million JPY.
• V-TEX Co., Ltd., based in Shinagawa-ku, Tokyo, engages in the development and manufacturing of industrial special valves and rupture discs.
• Following the acquisition, a new management structure for V-TEX was decided through an extraordinary shareholders’ meeting and board of directors’ meeting, including the appointment of Kenji Kato as Representative Director and President.

This announcement confirms KITZ’s full acquisition of V-TEX, a company specializing in industrial special valves and rupture discs. This strategic move could potentially enhance KITZ Group’s product offerings and create business synergies within the industry. The impact on KITZ’s consolidated financial results for the fiscal year ending December 2026 is currently under review, suggesting that further disclosures will be worth monitoring for investors.

• Ledax Co., Ltd. announced on June 1, 2026, a partial correction to its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 [Japanese GAAP]”.
• The reason for the correction was the identification of additional recording requirements for certain cost of sales and selling, general and administrative expenses for the current fiscal year, following a re-examination of accounting periods within the company.
• As a result, operating profit and ordinary profit decreased.
• Changes in the recorded amounts for corporate income taxes, inhabitant taxes, enterprise taxes, and deferred tax liabilities also led to a decrease in net profit attributable to parent company shareholders.
• The corrected consolidated financial results show net sales of 19,846 million yen, operating profit of △121 million yen, ordinary profit of △114 million yen, and net profit attributable to parent company shareholders of 113 million yen.

This correction primarily stems from the additional recording of expenses following a re-examination of accounting periods, impacting key profit figures. While it suggests an adjustment towards appropriate expense recognition, investors may focus on understanding the differences between the original and corrected figures and their underlying causes. The company’s future disclosures and operational activities might be monitored for insights into its expense management practices.