Japan Stock IR Daily – June 23, 2026 (29 reports)

• G-LiNKX Co., Ltd. was listed on the Tokyo Stock Exchange Growth market on June 23, 2026.
• The company announced its non-consolidated financial forecast for the fiscal year ending June 2026 (July 1, 2025 – June 30, 2026).
• For FY2026, net sales are projected at ¥1,902 million (up 38.5% year-on-year), and operating profit at ¥406 million (up 20.9% year-on-year).
• Ordinary profit is forecasted at ¥367 million (up 9.3% year-on-year), and net income at ¥228 million (up 0.6% year-on-year).
• For the third quarter cumulative period of FY2026 (actual), net sales were ¥1,386 million, operating profit ¥383 million, ordinary profit ¥382 million, and quarterly net income ¥238 million.
• The dividend per share is ¥0.00 for both the actual FY2025 and the forecasted FY2026.
• The company does not prepare consolidated financial statements.

G-LiNKX’s financial forecast, disclosed upon its listing on the TSE Growth market, indicates double-digit growth in both net sales and operating profit compared to the previous fiscal year, outlining clear quantitative targets for its growth strategy. The focus on high-value projects and aggressive recruitment of high-end engineers is cited as a key driver for revenue and profit growth, suggesting a direct link between human capital strategy and business expansion. Investors may note that listing-related expenses are recorded as non-operating expenses, which is a common cost factor for newly listed companies.

• SATO Corporation announced the acquisition of all voting shares of Hirano Corporation, making it a wholly owned subsidiary.
• Hirano Corporation, headquartered in Onojo, Fukuoka Prefecture, specializes in the manufacturing and sales of soft packaging (flexible packaging) for food and daily necessities.
• This acquisition aims to enhance SATO’s smart packaging business infrastructure, aligning with its “Perfect and Unique Tagging” growth strategy outlined in its mid-term management plan through FY2028.
• Hirano Corporation possesses an integrated production system from plate-making to bag-making, deemed highly compatible with SATO’s automatic identification technologies such as 2D codes and RFID.
• This acquisition does not meet the Tokyo Stock Exchange’s timely disclosure criteria but is voluntarily disclosed as useful information for investors.

This acquisition suggests SATO’s commitment to strengthening its smart packaging segment, a key component of its mid-term growth strategy. The integration of Hirano Corporation’s soft packaging manufacturing expertise with SATO’s automatic identification technologies could enhance its competitive position in the growing smart packaging market. This move may also be seen as a strategic response to increasing demands for linking digital information with packaging, such as the “Sunrise 2027” initiative in the U.S. retail sector.

• iFreeETF US Treasury 3-5 Year (unhedged) (381A) announced its financial results for the 2026 May fiscal period (November 11, 2025 – May 10, 2026).
• Total net assets at the end of the period were ¥27,937 million, an increase from ¥14,783 million at the end of the previous period (November 2025).
• The NAV per unit at the end of the period was ¥2,179.24, up from ¥2,161.32 at the end of the previous period.
• The distribution per unit for the 2026 May period was ¥20.
• The primary investment asset was government bonds, accounting for 98.3% (¥27,462 million) of the total assets at the end of the period.
• Outstanding units at the end of the specific period were 12,820 thousand units, an increase from 6,840 thousand units in the previous period.

This earnings report objectively indicates the iFreeETF US Treasury 3-5 Year (unhedged) fund’s steady asset growth and operational performance. The increase in net assets and a significant rise in outstanding units may suggest growing investor demand for the fund. Furthermore, the appreciation in NAV per unit and consistent distribution payments could indicate stable performance of the fund.

• Osaka Yuka Kogyo announced the finalization of financial results for its unlisted parent company, LR Inc., for the fiscal year ended March 2026.
• LR Inc. reported negative net assets of ¥39,177 thousand and total assets of ¥1,215,215 thousand.
• For the fiscal year ended March 2026, LR Inc.’s income statement showed no gross profit, an operating loss of ¥94,140 thousand, an ordinary loss of ¥83,117 thousand, and a net loss of ¥83,187 thousand.
• LR Inc. was established on February 2, 2024, and its sole shareholder is Peninsula Rock Ltd., holding 100% of its shares.
• As of March 31, 2026, Osaka Yuka Kogyo holds 357,400 shares (42.30% of voting rights) indirectly through LR Inc. owned by Peninsula Rock Ltd., which also has one director appointed to Osaka Yuka Kogyo’s board as an outside director.

LR Inc. is a newly established company, and these results reflect its initial financial performance, including a net loss. Given its business in securities operation and trading, these figures may indicate the early-stage investment and operational costs. Investors might consider monitoring the future development of LR Inc. and its potential impact on Osaka Yuka Kogyo, particularly through its primary shareholder, Peninsula Rock Ltd.’s capital relationship.

• Toyo Engineering Co., Ltd. announced a partial correction to its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 [Japanese GAAP]” initially released on May 14, 2026.
• The correction was made due to errors identified in the breakdown of cash flows from operating activities within the consolidated cash flow statement for the current consolidated fiscal year.
• Specifically, numerical adjustments were made to the “Increase or decrease in retirement benefit liabilities (△ indicates decrease)” and “Other” items.
• Post-correction, the “Increase or decrease in retirement benefit liabilities” changed from △418 million yen to △534 million yen, and “Other” changed from △2,405 million yen to △2,289 million yen for the current consolidated fiscal year.
• The total amount of cash flows from operating activities remains unchanged despite these corrections.

This correction addresses specific discrepancies within the operational cash flow breakdown, but the fact that the total operating cash flow figure is unaffected may suggest the overall financial position for this segment remains consistent. Investors typically prioritize accuracy in financial reporting, so monitoring such corrections, even minor ones, is generally considered a good practice for due diligence. While not impacting the bottom line of operating cash flow, the details of such adjustments are worth noting.

• Mynet Co., Ltd. announced a private placement of new shares to Zero Gaming Co., Ltd. (ZG).
• The company will raise a maximum of JPY 300 million, with the issue price set at a 0% discount (market price issuance), limiting dilution to under 10%.
• Proceeds will be allocated to app development and marketing expenses for multi-sport content expansion, with focused investment in the sports content sector by December 2027.
• Deane Sadler, Representative Director of ZG, will be appointed as an advisor to establish a collaborative system leveraging his network and media expertise.
• ZG has agreed to a long-term lock-up period for the allotted shares, with the payment due date set for July 13, 2026.

• KYB Corporation announced a correction to a portion of its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 [IFRS]” initially disclosed on May 13, 2026.
• The reason for the correction was the identification of necessary revisions to “3. Consolidated Business Forecast for the Fiscal Year Ending March 31, 2027” in the summary information and “1. Overview of Operating Results (4) Future Outlook” during the internal preparation process for the Annual Securities Report.
• The specific correction pertains to the net sales forecast for the fiscal year ending March 31, 2027.
• The net sales forecast has been revised from the pre-correction figure of 489,500 million yen to 489,000 million yen.
• There are no corrections to operating profit, profit before tax, profit for the period, profit attributable to owners of the parent, or basic earnings per share.

This correction primarily involves a minor downward adjustment to the consolidated net sales forecast for the fiscal year ending March 31, 2027, which the company states was identified during the preparation of its securities report. Given that other key performance indicators in the forecast remain unchanged, this adjustment may not signal a significant shift in the overall business outlook. Investors may consider this an instance highlighting the importance of attention to detail in corporate financial reporting.

• Yamazen Corporation decided at its Board of Directors meeting on June 23, 2026, to conduct an absorption-type merger with its wholly-owned subsidiary, AtoG1 Co., Ltd.
• The purpose of this merger is to enhance the efficiency of group operations.
• The effective date of the merger is scheduled for August 1, 2026.
• Yamazen will be the surviving company, and AtoG1 will be dissolved in an absorption-type merger.
• This merger qualifies as a simplified merger for Yamazen and a short-form merger for AtoG1 under the Companies Act, thus shareholder approval is not required.
• As this is a merger with a wholly-owned subsidiary, no shares or other monies will be allotted.

Yamazen’s absorption-type merger of its wholly-owned subsidiary AtoG1 aims to streamline overall group operations. As the merger involves a wholly-owned subsidiary, the impact on consolidated financial results is stated to be minor, suggesting it is an internal organizational restructuring. This move could potentially lead to optimized resource allocation and simplified decision-making processes within the group.

• ASEED HOLDINGS CO., LTD. has issued a correction to a part of its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 [Japanese GAAP]” announced on May 13, 2026.
• The reason for the correction is an error found in the aggregation of depreciation expenses within “Other items” for each reportable segment for the consolidated fiscal year (April 1, 2025, to March 31, 2026) after the initial filing.
• The corrected section is on page 14 of the financial results, specifically under “(5) Notes to Consolidated Financial Statements (Notes on Segment Information, etc.) [Segment Information] 4. Information on Net Sales, Profit or Loss, Assets, and Other Items by Reportable Segment.”
• The correction alters the depreciation expense for the Vending Machine Operations segment from 57 million yen to 66 million yen, and for the Beverage Manufacturing segment from 20 million yen to 10 million yen.
• Consequently, the total depreciation expense for all reportable segments remains unchanged at 815 million yen before and after the correction, and the amount recorded in the consolidated financial statements also remains 836 million yen.

This correction primarily affects the allocation of depreciation expenses among specific business segments, without altering the total depreciation expense or the consolidated financial statement figures. Investors might view this as a commitment to accuracy in financial reporting. While the overall financial impact appears limited, investors may wish to assess how these reallocated segment-specific figures align with their previous analysis of each segment’s operational efficiency and asset utilization.

• Daiwa Industries Co., Ltd. announced on June 23, 2026, the acquisition of all shares of Miura Denshi Co., Ltd., making it a wholly-owned subsidiary.
• Miura Denshi’s main business is the manufacturing and sales of electrolyzed functional water generators and related equipment, having previously supplied devices to Daiwa Industries as an OEM partner.
• The effective date for the share acquisition is scheduled for July 1, 2026.
• Miura Denshi’s sales for the past three fiscal years (ending November 2023 to November 2025) show an increasing trend from 166 million yen to 235 million yen, with operating profit of 14 million yen, ordinary profit of 21 million yen, and net profit of 29 million yen reported for the fiscal year ending November 2025.
• Consolidated financial reporting is expected to commence from the third quarter of the fiscal year ending December 2026 as a result of this acquisition.

This acquisition suggests Daiwa Industries aims to secure a stable supply chain and integrate development, manufacturing, and quality control by incorporating a key OEM partner. This move could strengthen its long-term competitiveness by addressing the increasing demand for hygiene management in the commercial kitchen equipment market. The synergy between Miura Denshi’s proprietary technology and Daiwa Industries’ resources for new product development and business growth is also a point for investors to monitor.

• FRESIA MACROS announced the financial results for its unlisted parent company, FRESIA CAPITAL Co., Ltd., for the fiscal year ended March 2026.
• FRESIA CAPITAL’s business involves the trading and holding of securities, with a stated capital of 0 million yen.
• As of March 31, 2026, the entire issued shares (10,000 shares) of FRESIA CAPITAL are 100% owned by its Representative Director, Mr. Beji Sasaki.
• For the fiscal year ended March 2026, FRESIA CAPITAL reported a net income of 2,118 thousand yen.
• The balance sheet shows total assets of 1,754,885 thousand yen, total liabilities of 2,033,721 thousand yen, and total net assets of △278,835 thousand yen.

The disclosure of the parent company’s financial results provides important information for investors of the listed subsidiary, FRESIA MACROS, to understand the overall capital structure and financial flows within the group. The fact that the parent company is effectively 100% owned by a single individual and engages in investment activities outside the consolidated scope may be a point of interest for investors conducting their analysis. Continuous monitoring of the parent company’s financial health and its potential implications for the subsidiary may be warranted.

• G-JOHO SENRYAKU Co., Ltd. resolved to abolish its shareholder benefit program at a Board of Directors meeting held today, June 23, 2026.
• The company cited careful consideration of equitable profit distribution based on the principle of shareholder equality, and the concentration of management resources on aggressive business investments for future sustainable growth as reasons for the abolition.
• The shareholder benefit program will be discontinued after the final distribution to shareholders owning one unit (100 shares) or more, as recorded in the shareholder register as of the record date of December 31, 2025.
• The current shareholder benefit program provided a digital gift (including QUO Card Pay) worth 1,000 yen annually to shareholders holding 100 shares or more, with a record date of end of December.
• The company had implemented the shareholder benefit program starting from the fiscal year ending December 2024.

The abolition of a shareholder benefit program often signifies a shift in a company’s shareholder return strategy. In this instance, the stated reasons – equitable profit distribution and focusing on business investment for sustainable growth – may suggest a commitment to enhancing long-term corporate value. While direct benefits from the program will cease, investors might now focus on how the reallocated resources will contribute to the company’s future growth and overall value.

• G-Style HD Co., Ltd. announced a partial correction to its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2025 [Japanese GAAP]” on June 23, 2024.
• The reason for the correction was the discovery of errors in the recording of prepaid expenses, etc., during the preparation of the Annual Securities Report for the 7th fiscal period (April 1, 2025, to March 31, 2026).
• The company stated that this correction has no impact on its profit or loss.
• The corrections primarily affect the “1. Individual Business Results for the Fiscal Year Ended March 31, 2025 (2) Individual Financial Position” in the summary information, “1. Overview of Business Performance, etc. (2) Overview of Financial Position for the Current Period” in the attached materials, and “3. Consolidated Financial Statements and Principal Notes (1) Consolidated Balance Sheet.”
• Specifically, the total assets in the individual financial position were changed from 2,175 million yen (pre-correction) to 2,211 million yen (post-correction). In the consolidated balance sheet, total current assets changed from 3,674,750 thousand yen to 3,652,947 thousand yen, and total fixed assets changed from 475,964 thousand yen to 497,767 thousand yen.

This correction primarily addresses an accounting error in recording prepaid expenses and does not impact the company’s profit or loss, which may be a point of reassurance for investors regarding its core profitability. However, the accuracy of financial statements is crucial for corporate credibility, and strengthening internal control systems to prevent similar corrections in the future could be a focus. Investors may wish to review the detailed changes in the balance sheet to understand the revised asset composition.

• Innovation Inc. announced a “Correction to a portion of the ‘Consolidated Financial Results for the Fiscal Year Ended March 31, 2026′” on June 23, 2026.
• The reason for the correction was the discovery of items requiring amendment during the preparation process of the consolidated financial statements after the initial announcement on May 11, 2026.
• The specific section corrected was “Notes to per share information” within “(5) Notes to Consolidated Financial Statements” under “3. Consolidated Financial Statements and Principal Notes.”
• The “Number of shares of common stock increased (shares)” for the “Current consolidated fiscal year (from April 1, 2025 to March 31, 2026)” for diluted earnings per share calculation was revised from 3,129 shares to 4,246 shares.
• Consequently, the ” (of which, share options (shares))” notation was also changed from (3,129) shares to (4,246) shares.

This correction pertains to the number of common shares used in the calculation of diluted earnings per share, an important metric for investors, although the net profit figure itself remains unchanged. Investors may observe this as the company addressing and rectifying an error in its financial reporting process. Such corrections underscore the importance of accuracy in financial disclosures and highlight the company’s commitment to transparent reporting.

• Cybertrust Co., Ltd. announced a partial correction to its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (Japanese GAAP),” originally disclosed on April 27, 2026.
• The reason for the correction was stated as errors identified in certain disclosure contents during the preparation process for the Annual Securities Report.
• Key corrections include “offsetting of trade receivables and advances received” and “reclassification related to head office relocation expenses in cash flows from operating activities.”
• In the consolidated financial position, total assets for the fiscal year ended March 2026 were revised from ¥10,708 million to ¥10,702 million. No changes were made to net assets, equity ratio, or net assets per share.
• Similarly, in the non-consolidated financial position, total assets for the fiscal year ended March 2026 were revised from ¥10,220 million to ¥10,214 million. Net assets, equity ratio, and net assets per share remained unchanged.

This correction addresses accounting errors identified during the preparation of the Annual Securities Report, resulting in minor adjustments to consolidated and non-consolidated total assets. As the corrections stem from reclassifications in accounting treatment, they are unlikely to indicate a material impact on the company’s fundamental profitability or financial health. Investors may consider monitoring such disclosure of corrected information to ensure the accuracy of the reported financial figures.

• Fuji Media Holdings, Inc. announced a partial correction to its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (Japanese GAAP)” which was originally disclosed on May 12, 2026.
• The correction was made due to the discovery of errors in part of the disclosed content after the submission of the FY2026 earnings report.
• The correction specifically pertains to the “Earnings Per Share” in the “Consolidated Business Forecast for the Fiscal Year Ending March 31, 2027.”
• The previous figure for “Earnings Per Share” was ¥191.39, which has now been corrected to ¥183.23.
• There are no changes to the figures or year-on-year percentage changes for Net Sales, Operating Profit, Ordinary Profit, and Profit attributable to owners of parent.

This correction primarily focuses on the adjustment of the Earnings Per Share for the fiscal year ending March 31, 2027. This particular metric is often used by investors to assess a company’s profitability, so the revision may warrant attention from the market. As other key consolidated forecast figures remain unchanged, this correction appears to be limited to a specific financial metric.

• G-Port announced it will receive dividends from its consolidated subsidiaries, INE Co., Ltd. and Five Line Co., Ltd.
• The scheduled receipt date for these dividends is June 29, 2026.
• The total dividend amount to be received is ¥450 million.
• This dividend income of ¥450 million is expected to be recorded as non-operating income in G-Port’s standalone financial results for the fiscal year ending March 2027.
• As these are dividends from consolidated subsidiaries, there will be no impact on G-Port’s consolidated financial results for the fiscal year ending March 2027.

This announcement indicates an internal capital transfer within the G-Port group. While it positively impacts the parent company’s standalone financial statements by boosting non-operating income, it will not affect the overall consolidated performance. Investors may monitor such intra-group transactions as they reflect the cash flow management within the corporate structure.

• Tokai Electronics Co., Ltd. has signed a basic agreement to acquire all outstanding shares of Seidensha Co., Ltd., aiming for 100% ownership as a wholly-owned subsidiary.
• Seidensha primarily operates in the northern Kanto region, engaging in the sale of electrical equipment and electronic components/system-related products.
• Through this acquisition, Tokai Electronics plans to leverage Seidensha’s customer base in northern Kanto, its overseas offices (Hong Kong and Vietnam), and the technology/human resources of its group, including Micro Technos Co., Ltd.
• The final agreement is scheduled for July 30, 2026, with the share transfer expected on October 1, 2026.
• The acquisition price has not been disclosed due to confidentiality obligations with the counterparty.

This basic agreement suggests Tokai Electronics’ strategic move to expand its business scope and achieve geographical and technological synergies. The acquisition of Seidensha could potentially enhance Tokai Electronics’ market presence in the northern Kanto region, strengthen its capability to address the “China Plus One” strategy in Southeast Asia, and integrate solutions from hardware to software. The non-disclosure of the acquisition price may be a strategic decision, warranting attention to the details of the final agreement once announced.

• Sanrio Co., Ltd. has announced its consolidated financial results for the fiscal year ended March 31, 2026.
• For FY2026/3, net sales were ¥194,088 million, representing a 33.9% increase from the previous fiscal year.
• Operating profit reached ¥77,859 million, marking a 50.3% increase year-over-year.
• Ordinary profit increased by 48.4% to ¥79,335 million, and profit attributable to owners of parent grew by 30.9% to ¥54,608 million.
• Diluted earnings per share (EPS) for FY2026/3 were ¥45.33 (adjusted for the stock split on April 1, 2026).
• The company provided a consolidated earnings forecast for FY2027/3, projecting net sales of ¥229,800 million (+18.4% YoY), operating profit of ¥89,500 million (+15.0% YoY), and net profit of ¥63,800 million (+16.8% YoY).
• The annual dividend for FY2026/3 was ¥69.00 (pre-stock split), and the forecast for FY2027/3 is ¥16.00 (post-stock split).

Sanrio’s financial results for the fiscal year ended March 2026 show substantial growth across all key profitability metrics, indicating strong business performance. The significant increase in operating profit, over 50%, could suggest successful operational efficiency improvements or robust market demand for its products and licenses. The positive outlook for FY2027/3, with continued projected growth in sales and profits, implies management’s confidence in sustained business momentum.

• JCR Pharma announced on June 23, 2026, a restatement of a portion of its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2025 (Japanese GAAP).”
• The reason for the restatement is that an error was discovered in the presentation of the consolidated cash flow statement for the prior consolidated fiscal year during the preparation of the Annual Securities Report, after the revised financial results for the fiscal year ended March 31, 2025, were disclosed on May 13, 2026.
• The restatement involves corrections to the relevant sections.
• This correction is part of the overall financial results for the fiscal year ended March 31, 2025, suggesting potential changes to specific financial figures.

This restatement specifically addresses an error found in the consolidated cash flow statement for the prior consolidated fiscal year (FY2024). Investors may focus on how these corrections impact the historical financial understanding and the company’s commitment to ensuring accuracy in financial reporting. The fact that the error was identified during the preparation of the Annual Securities Report could also lead to considerations regarding the company’s internal control processes.

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

• Logistics Focus (TSE REIT Logistics Focus ETF, Code: 489A) announced its financial results for the 2026 fiscal year (December 17, 2025 – May 15, 2026) on June 23, 2026.
• Net assets for the 2026 fiscal year amounted to ¥181 million (100.0% of total assets). Major investment assets were ¥179 million (99.3%), while cash, deposits, and other assets totaled ¥1 million (0.7%).
• The number of outstanding units at the end of the period was 202 thousand units, with the net asset value per unit reported at ¥893.68.
• A distribution per unit of ¥11 (per trading unit) was declared.
• The scheduled filing date for the annual securities report is August 14, 2026, and the distribution payment start date is June 23, 2026.

The Q3 FY2026 results for Logistics Focus highlight its net asset value and distribution per unit. As an ETF tracking the TSE REIT Logistics Focus Index, the high proportion of major investment assets suggests a strong correlation with its underlying index. The declared distribution per unit may be a key point of interest for investors evaluating the fund’s performance.

• NOVAC released its financial results presentation for the fiscal year ended April 2026 on June 23, 2026.
• Net sales for FY2026/4 reached ¥35,363 million, marking a 28.5% increase year-on-year.
• Operating profit was ¥1,878 million, a 118.4% increase year-on-year. The operating profit margin was 5.3% (up 2.2 percentage points year-on-year).
• Ordinary profit stood at ¥1,694 million (+104.1% YoY), and profit attributable to owners of parent was ¥1,176 million (+105.2% YoY).
• Orders received totaled ¥42,938 million, an increase of 17.0% year-on-year.

NOVAC’s financial results for FY2026/4 show significant year-on-year growth across net sales, all profit metrics, and orders received. This strong performance appears to be driven by increased work progress from additional/amendment contracts, coupled with strategic efforts in order selection, price pass-through, and cost reduction amid rising construction material costs, which contributed to improved profitability. The overall construction investment market is projected to continue its upward trend, which could provide a favorable backdrop for the company’s future business.

• J Trust Co., Ltd. announced partial changes to its shareholder benefit program, effective from the record date of December 31, 2024.
• The revised program will continue to offer three types of benefits: “J Trust Shareholder Benefits,” “J Trust Group Benefits” (including Regina Clinic etc.), and “JTOWER Group Benefits” (utilizing JTOWER facilities).
• The interest rate preferential treatment from Korean group companies, a component of the current “J Trust Shareholder Benefits,” will be discontinued.
• “J Trust Group Benefits” will include preferential treatment at facilities such as Regina Clinic, Freyja Clinic, Etoile Clinic, and GiNEC Clinic.
• “JTOWER Group Benefits” will offer discounts on the use of “JTOWER Outdoor Infra-Sharing Facilities” operated by JTOWER.
• The current shareholder benefit program will apply for the record date of June 30, 2024.
• The revised shareholder benefits will target shareholders holding one unit (100 shares) or more registered on the shareholder list as of December 31, 2024.

J Trust’s announcement of changes to its shareholder benefit program indicates an adaptation to evolving business priorities, with the discontinuation of interest rate benefits from Korean group companies balanced by the introduction of new advantages related to JTOWER’s facilities. This shift may suggest a move towards aligning shareholder benefits more closely with the current and future strategic focus of the group, potentially appealing to a broader range of shareholders. Investors may want to monitor how these changes are perceived by the market and whether they attract new shareholder demographics.

• Suzuyo Shinwart Co., Ltd. announced on June 23, 2024, a partial correction to its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (Japanese GAAP).”
• The reason for the correction is that certain descriptions were found to require amendment during the preparation of the Annual Securities Report after the initial disclosure of the financial results.
• The corrections primarily concern the “Consolidated Cash Flow Status” in the summary information, “Overview of Cash Flow for the Current Period” in the supplementary material, and the “Consolidated Cash Flow Statement” in the consolidated financial statements.
• For the fiscal year ended March 31, 2026, “Cash flows from operating activities” were revised from ¥697 million to ¥713 million.
• For the fiscal year ended March 31, 2026, “Cash flows from investing activities” were revised from -¥1,162 million to -¥1,178 million.

This correction primarily involves minor adjustments to certain figures within the consolidated cash flow statement for the fiscal year ended March 2026, identified during the Annual Securities Report preparation process. The increase in operating cash flow and the expanded negative figure for investing cash flow suggest slight shifts in the composition of cash flows. While the impact of these corrections on the company’s overall financial position or future business plans may be limited, investors should note the revised figures for accurate financial analysis.

• ISB Co., Ltd. resolved at its Board of Directors meeting on June 23, 2026, to merge with its consolidated subsidiary, T-stock.
• The effective date of the merger is scheduled for October 1, 2026, with ISB as the surviving company and T-stock as the dissolved company.
• The purpose of this merger is to integrate T-stock, which holds 50% of Takes Co., Ltd. shares, and promote overall group management efficiency.
• As T-stock is a wholly-owned consolidated subsidiary of ISB, there will be no allocation of shares or other monetary consideration, and it will be conducted as a simple and short-form merger.
• The company states that this merger will not have an impact on ISB’s consolidated financial performance.

This merger represents an internal reorganization within the ISB Group, integrating its wholly-owned subsidiary, T-stock. The stated objective of promoting overall group management efficiency may suggest a move towards streamlined operations and optimized asset management within the existing structure. As no impact on consolidated results is expected, the focus appears to be on improving internal corporate efficiency rather than immediate changes to external financial performance.

• G-INTRANS Co., Ltd. announced its entry into the AI data center business, centered on AI data center-related operations and GPU server sales.
• The company has signed a capital and business alliance agreement with Dynamic Solution Group Inc. (DSG) regarding AI data center-related business and GPU server sales.
• In conjunction with the new business launch, G-INTRANS resolved to issue the 3rd unsecured convertible bonds with stock acquisition rights and the 11th stock acquisition rights through a third-party allotment to DSG.
• Of the funds raised, 511 million JPY will primarily be allocated to purchasing funds and advance payments for the GPU server sales business, with an additional 300 million JPY secured as credit enhancement funds for transactions with DSG and its group companies.
• The new business outlines a phased development plan: GPU domestic procurement and sales (Phase 1), joint development and operation of AI data centers (Phase 2), and attracting global AI businesses to the Japanese market (Phase 3).

G-INTRANS’s decision to enter the AI data center business appears to be a strategic move aimed at addressing existing business challenges by leveraging the expanding generative AI market. The capital and business alliance, coupled with the fundraising through third-party allotment, seems to be a foundational step for the initial phase of their AI-related endeavors. Investors may want to monitor the progress of the multi-phase business plan, especially the financing strategy for the later stages which are planned without the use of the company’s own funds.

• Japan Chori Co. announced a stock split where one common share will be divided into four, with July 31, 2026, as the record date.
• The purpose of the stock split is to reduce the investment unit price, aiming to broaden the investor base and improve stock liquidity.
• Post-split, the total number of issued shares will be 4,542,288, and the total number of authorized shares will be 15,200,000.
• The year-end dividend forecast for the September 2026 fiscal year has been revised from ¥180.00 to ¥45.00 per share, which is a proportional adjustment due to the split and represents no substantial change.
• The total share limit for the Restricted Stock Compensation Plan and the number of shares and exercise price for stock options will also be adjusted in line with the stock split.

This stock split aims to make the company’s shares more accessible to a wider range of investors by lowering the per-unit investment amount, potentially enhancing market liquidity. The adjustment in authorized shares could indicate a strategy to maintain flexibility for future capital raising or other corporate actions. The confirmation that the dividend forecast remains effectively unchanged post-split may signal the company’s continued commitment to its shareholder return policy.

• JDI announced a partial correction to its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 [Japanese GAAP]” initially disclosed on May 14, 2026.
• The primary reason for the correction is a reclassification of certain payments for business structure improvement expenses within the consolidated cash flow statement, moving them from operating activities to investing activities.
• As a result, for the fiscal year ended March 31, 2026, cash flow from operating activities was revised from △23,197 million yen to △23,286 million yen, and cash flow from investing activities was revised from 22,762 million yen to 22,851 million yen.
• Additionally, the number of employees who retired under the voluntary retirement program during the period was corrected from 1,320 to 1,319 in the overview of business performance and notes on the going concern assumption.
• The year-end cash and cash equivalents (27,186 million yen) and cash flow from financing activities (5,050 million yen) remain unchanged.

This correction primarily involves the reclassification of certain expenses within the cash flow statement, which appears to be an adjustment to more accurately reflect the nature of previously disclosed business restructuring expenditures. While the magnitude of the numerical changes is relatively small, it may influence investor perception regarding the precision of the company’s financial disclosures. The slight revision in the number of retired employees is also a detail worth monitoring for those tracking the progress of the company’s business restructuring efforts.

• P-CCN Group announced a partial correction to its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (Japanese Standards) (Consolidated)” which was originally released on May 13, 2026.
• The reason for the correction was an error in the presentation method for cash flows related to the acquisition of subsidiary shares involving changes in the scope of consolidation within the consolidated statement of cash flows.
• Specifically, the company initially reported acquisition costs as “Expenditures for acquisition of shares of affiliates” and cash and cash equivalents held by the acquired subsidiary as “Increase in cash and cash equivalents due to newly consolidated subsidiaries.” The correction clarifies that the amount net of the subsidiary’s cash and cash equivalents should have been presented as “Expenditures for acquisition of shares of subsidiaries due to changes in consolidation scope.”
• As a result of the correction, “Cash flows from investing activities” in the consolidated statement of cash flows changed from △882,295 thousand yen (before correction) to △452,143 thousand yen (after correction).
• There are no corrections to the consolidated balance sheet, consolidated statement of income, or consolidated statement of comprehensive income.

This correction primarily impacts the classification and presentation of cash flows related to subsidiary acquisitions within the consolidated statement of cash flows, rather than the total cash balance. While the reclassification adjusted the “Investing Activities” section, it is stated that other core financial statements, such as the balance sheet and income statement, remain unaffected. Investors may view this as an accounting refinement aimed at improving the clarity and accuracy of financial reporting regarding M&A activities.