Japan Stock IR Daily – May 12, 2026 (105 reports)

• Toyo Tanso Co., Ltd. reported its Q1 FY2026 results, with net sales of ¥10,576 million (a 7.8% decrease year-on-year) and operating income of ¥634 million (a 70.3% decrease year-on-year).
• Net income attributable to owners of the parent for the quarter was ¥609 million (a 52.3% decrease year-on-year), with basic earnings per share at ¥29.05.
• The decline in operating income was primarily attributed to a decrease in marginal profit due to reduced sales in semiconductor applications, partly resulting from front-loaded demand in the previous fiscal year. However, positive impacts from foreign exchange, raw material price fluctuations, reduced fixed costs, and inventory-related factors were also noted.
• By product and application, sales in the electronics segment of Special Graphite Products decreased by 24.0% year-on-year to ¥1,544 million, and sales of the three main Composite Material & Other Products declined by 23.2% year-on-year to ¥2,464 million. These reductions were influenced by ongoing inventory adjustments for single crystal silicon and compound semiconductor wafers, alongside a significant decrease in SiC semiconductor applications.
• The full-year consolidated earnings forecast for FY226 remains unchanged, projecting net sales of ¥49,000 million, operating income of ¥6,200 million, and net income attributable to owners of the parent of ¥5,464 million. The company also announced an increase in its dividend payout ratio target to 40% as part of its shareholder return policy.

The first quarter results, showing significant year-on-year declines in sales and profits, appear to be largely influenced by reduced sales in semiconductor-related fields and ongoing inventory adjustments. The performance of the electronics segment within Special Graphite Products and the key three Composite Material & Other Products may be crucial indicators for investors monitoring a market recovery. The company’s decision to maintain its full-year earnings forecast could suggest an expectation for market improvement in the latter half of the fiscal year or robust performance in other sectors, which is worth monitoring.

• IPS Inc. reported consolidated results for the fiscal year ended March 2026, with net sales of ¥16,999 million (up 11.4% year-on-year), operating profit of ¥5,370 million (up 21.7%), ordinary profit of ¥5,787 million (up 42.1%), and profit attributable to owners of parent of ¥4,196 million (up 64.9%).
• The company achieved 8 consecutive years of revenue and profit growth since listing, with operating cash flow reaching ¥4.59 billion.
• For the fiscal year ending March 2027, the company forecasts net sales of ¥20,080 million (up 18.1% year-on-year) and operating profit of ¥6,100 million (up 13.6%).
• In the international telecommunications business, IPS decided to participate in the new international subsea cable “Candle” and commenced construction of the Baler Landing Station.
• The domestic telecommunications business saw improved profitability due to the expiration of special factors from the previous fiscal year, such as retroactive adjustments for interconnection fees, while the Medical & Healthcare business achieved profitability in Q4 FY2026/3 due to increased human dock revenue.

The financial results for the fiscal year ended March 2026 suggest that growth in the international telecommunications business, coupled with improved profitability in domestic telecommunications and medical & healthcare segments, contributed significantly to overall profit expansion. Continued investment in international telecommunications infrastructure, such as the Candle subsea cable, may indicate the company’s commitment to long-term growth and market position. Furthermore, the company’s assessment that macroeconomic risks in the Philippine economy have limited direct impact on its operations could be seen as a positive sign regarding business stability.

• Shibaura Machine Co., Ltd. announced the postponement of its financial results announcement for the fiscal year ending March 2026.
• The announcement, originally scheduled for May 12, 2026, has been delayed.
• The reason provided for the postponement is the time required to finalize the financial figures.
• The new scheduled date for the financial results announcement is May 18, 2026.
• The company expressed a deep apology to its shareholders, investors, and other stakeholders for any inconvenience caused.

Postponing financial results typically means investors will have to wait longer for crucial performance data, which can sometimes raise questions regarding the underlying reasons. While the company stated the delay is due to the time needed to finalize figures, it could suggest a need for extensive verification or complex adjustments. Investors may find it beneficial to monitor the upcoming announcement closely for any further details or explanations.

• OBS Company announced on May 12, 2026, a partial correction to its “Consolidated Financial Results for the Fiscal Year Ended March 2026 (Japanese GAAP)”.
• The reason for the correction is that some errors were found in the descriptions of the financial results report disclosed on April 22, 2026, during the detailed review process for finalizing the financial statements.
• For the consolidated financial results of March 2026, ordinary profit was corrected from 728 million yen to 727 million yen, profit attributable to owners of parent from 601 million yen to 599 million yen, and basic earnings per share from 259.43 yen to 258.81 yen.
• Regarding the dividend situation for the fiscal year ended March 2026, the consolidated dividend payout ratio was revised from 40.5% to 40.6%.
• In the consolidated performance forecast for the fiscal year ending March 2027, the year-on-year change rate for profit attributable to owners of parent was corrected from 19.8% to 20.1%, while the absolute amount remains unchanged at 720 million yen.

The announced corrections entail minor adjustments to certain figures in the consolidated financial results for the fiscal year ended March 2026 and the forecast for the fiscal year ending March 2027. Notably, the absolute figures for the fiscal year 2027 consolidated performance forecast remain unchanged, with adjustments primarily affecting the decimal places of year-on-year growth rates. While these changes may not indicate a fundamental shift in the company’s financial position or business outlook, investors may find it beneficial to thoroughly review the disclosed corrected information to ensure informed decision-making.

• Lobtex Co., Ltd. announced its consolidated financial results for the fiscal year ended March 31, 2026.
• Consolidated net sales for FY2026/3 were ¥5,711 million, marking a slight increase of 0.1% compared to the previous fiscal year.
• Profit attributable to owners of parent surged by 58.9% year-on-year to ¥122 million, primarily due to the absence of the partial reversal of deferred tax assets recorded in the prior year.
• Conversely, operating income decreased by 11.5% to ¥182 million, and ordinary income fell by 14.1% to ¥191 million.
• The consolidated earnings forecast for FY2027/3 projects net sales of ¥5,730 million (up 0.3% YoY) and profit attributable to owners of parent of ¥120 million (down 2.3% YoY).
• The annual dividend for FY2026/3 was ¥30.00 per share (year-end), with the same ¥30.00 per share (year-end) forecast for FY2027/3.

• The significant increase in profit attributable to owners of parent for FY2026/3, despite nearly flat net sales, appears primarily driven by the resolution of a specific prior-year factor related to deferred tax assets.
• Investors may wish to scrutinize the divergence between the decreased operating and ordinary income and the increased net profit, suggesting a careful evaluation of underlying business profitability versus tax effects is warranted.
• The forecast for FY2027/3 indicates a slight increase in sales but a projected decline in operating, ordinary, and net profits, making future strategies for profit improvement and market condition impacts key areas for ongoing observation.

• For the fiscal year ended March 2026, consolidated net sales reached ¥211.26 billion (up 11.5% year-on-year), and operating profit was ¥42.99 billion (up 0.8% year-on-year).
• Orders received totaled ¥224.98 billion, marking a 16.8% increase compared to the previous fiscal year.
• The operating profit margin stood at 20.4%, a decrease of 2.1 percentage points from 22.5% in the prior fiscal year.
• By sector sales (connectors), the general industrial machinery market achieved ¥62.0 billion, a significant increase of 32% year-on-year, surpassing its annual forecast.
• Key factors influencing operating profit included a positive impact of ¥42.7 billion from increased sales volume, while increased material/procurement costs of ¥6.5 billion and personnel costs of ¥3.8 billion were negative factors.

The reported financial results show net sales and operating profit exceeding initial forecasts. However, the operating profit growth was modest relative to the increase in net sales, which may suggest the impact of rising material and personnel costs. The strong performance in the general industrial machinery market appears to have been a key driver for the overall results.

• Rinnai reported consolidated results for the fiscal year ended March 31, 2026, with net sales of ¥470.39 billion (+2.2% year-on-year), operating income of ¥50.53 billion (+9.8%), ordinary income of ¥57.69 billion (+14.6%), and net income attributable to owners of parent of ¥36.16 billion (+21.8%). Both net sales and operating income reached record highs.
• The annual dividend for the fiscal year ended March 31, 2026, was ¥100.00, an increase from ¥80.00 in the previous fiscal year, with the year-end dividend set at ¥50.00.
• For the fiscal year ending March 31, 2027, the company forecasts consolidated net sales of ¥500.00 billion (+6.3% year-on-year), but projects operating income of ¥50.50 billion (-0.1%), and ordinary income of ¥54.10 billion (-6.2%). Net income attributable to owners of parent is expected to be ¥36.30 billion (+0.4%).
• The forecasted annual dividend for the fiscal year ending March 31, 2027, is ¥106.00, an increase of ¥6.00 from the prior year.
• The fiscal year ended March 31, 2026, was the final year of the medium-term management plan “New ERA 2025,” and the company achieved both revenue and profit targets set in the plan.

Rinnai’s achievement of record-high net sales and operating income in FY2026/3, along with the successful completion of its medium-term management plan targets, stands out. The increased dividend payout may suggest a commitment to shareholder returns. However, the FY2027/3 outlook, while projecting revenue growth, also anticipates a slight decline in operating and ordinary income, which could be a point of interest for investors.

• Takasago Thermal Engineering reported consolidated results for the fiscal year ended March 31, 2026, with sales of JPY 423,923 million (up 11.1% year-on-year), operating profit of JPY 47,745 million (up 47.3% year-on-year), ordinary profit of JPY 50,642 million (up 44.8% year-on-year), and net profit attributable to parent company shareholders of JPY 37,470 million (up 35.6% year-on-year).
• Diluted earnings per share for FY2026 was JPY 285.73, calculated assuming a 2-for-1 stock split effective October 1, 2025.
• The year-end dividend for FY2026 was JPY 72.00 per share (post-split), with a total annual dividend payout of JPY 15,336 million and a consolidated dividend payout ratio of 40.2%. The total annual dividend before the stock split was JPY 230.00 per share.
• The consolidated financial position as of March 31, 2026, showed total assets of JPY 381,823 million, net assets of JPY 215,056 million, and an equity ratio of 55.0%.
• For the fiscal year ending March 31, 2027, the company forecasts consolidated sales of JPY 440,000 million (up 3.8% year-on-year), operating profit of JPY 50,000 million (up 4.7% year-on-year), and net profit attributable to parent company shareholders of JPY 40,000 million (up 6.7% year-on-year). The projected order intake is JPY 520,000 million.
• A 2-for-1 stock split of common shares was implemented on October 1, 2025. Additionally, two new companies, THS INNOVATIONS CO., LTD. and PROMPT TECHNO SERVICE CO., LTD., were included in the scope of consolidation during the period.

The substantial year-on-year increases across all key profitability metrics for FY2026, particularly the significant surge in operating profit, may indicate strong operational performance and effective management in a favorable business environment. The strengthening of the financial position, evidenced by growth in total and net assets, an improved equity ratio, and a robust increase in cash flow from operating activities, suggests healthy internal cash generation and a solid balance sheet. The positive outlook for FY2027, forecasting continued increases in sales and profits, implies management’s confidence in sustained business momentum, making the execution against these projections a key aspect for investors to monitor.

• For the first quarter of fiscal year 2026 (January 1, 2026, to March 31, 2026), Takahashi Curtain Wall Industry reported consolidated net sales of JPY 2,026 million (up 10.2% year-on-year), operating profit of JPY 340 million (compared to an operating loss of JPY 57 million in the prior year), ordinary profit of JPY 358 million (compared to an ordinary loss of JPY 40 million), and profit attributable to owners of parent of JPY 231 million (compared to a loss of JPY 64 million).
• The PC Curtain Wall business segment achieved sales of JPY 1,788 million (up 17.2% year-on-year) and segment profit of JPY 325 million, turning profitable from a JPY 91 million loss in the same period of the previous year.
• As of the end of the first quarter, consolidated total assets stood at JPY 12,570 million, net assets at JPY 10,960 million, and the equity ratio at 87.2%.
• The consolidated full-year forecast for fiscal year 2026 has been revised, projecting net sales of JPY 8,250 million (up 12.4% from the previous fiscal year), operating profit of JPY 450 million (up 299.3%), ordinary profit of JPY 530 million (up 183.9%), and profit attributable to owners of parent of JPY 347 million (up 82.1%).
• The forecast for annual dividends for FY2026 remains unchanged from the most recently announced forecast, with an interim dividend of JPY 10.00 and a year-end dividend of JPY 10.00, totaling JPY 20.00 per share.

Takahashi Curtain Wall Industry’s Q1 FY2026 results show a notable increase in sales and a significant return to profitability, primarily driven by its PC Curtain Wall business. The upward revision of the full-year earnings forecast could indicate management’s increased confidence in the company’s future performance. This strong first quarter, especially compared to a loss in the previous year’s corresponding period, suggests a positive operational turnaround and momentum.

• Nisshinbo Holdings Inc. announced its consolidated financial results for the first quarter of the fiscal year ending December 2026 (January 1, 2026 – March 31, 2026).
• Consolidated net sales amounted to ¥147,692 million (down 2.3% year-on-year), operating profit was ¥20,316 million (down 4.6%), ordinary profit was ¥20,672 million (down 3.6%), and net profit attributable to parent company shareholders was ¥12,991 million (down 15.1%).
• The Radio & Communication segment achieved substantial growth, with net sales of ¥89,860 million (up 10.8% year-on-year) and segment profit of ¥19,088 million (up 53.8%).
• The consolidated full-year forecast for FY2026 remains unchanged, projecting net sales of ¥511,000 million (up 1.7% from the previous fiscal year) and net profit attributable to parent company shareholders of ¥10,000 million (down 28.2%).
• The estimated annual dividend for FY2026 is ¥36.00 per share (¥18.00 interim, ¥18.00 year-end), with no revisions from the most recently announced forecast.

Nisshinbo Holdings’ Q1 FY2026 results showed a decline in consolidated sales and profits compared to the previous year. However, the Radio & Communication segment demonstrated significant growth, driven by robust demand in disaster prevention, defense, and the new shipbuilding market, highlighting its key role in the company’s portfolio. While the overall results were impacted by a decrease in the real estate business following large-scale spot sales in the prior year, the unchanged full-year forecasts suggest the company anticipates stabilization or recovery in other segments. Investors may want to monitor the performance of each business segment to assess the company’s trajectory towards its annual targets.

• For the consolidated fiscal year ended March 31, 2026, Beenos (4828) reported net sales of 24,442 million yen (up 17.6% year-on-year), operating profit of 6,411 million yen (up 37.1%), ordinary profit of 6,435 million yen (up 37.5%), and profit attributable to owners of parent of 4,890 million yen (up 46.8%).
• Diluted earnings per share for the period was 81.78 yen.
• The year-end dividend for the fiscal year ended March 31, 2026, was 26.00 yen per share after accounting for the stock split. While the total annual dividend is stated as “－”, it translates to 208 yen per share before the stock split, with a consolidated dividend payout ratio of 50.9%.
• The company implemented a stock split at a ratio of five shares for every one common share, effective January 1, 2026.
• For the consolidated fiscal year ending March 31, 2027, the company forecasts net sales of 26,800 million yen (up 9.6% year-on-year), operating profit of 6,900 million yen (up 7.6%), ordinary profit of 6,900 million yen (up 7.2%), and profit attributable to owners of parent of 4,600 million yen (down 5.9%), with diluted earnings per share of 77.05 yen.

• Beenos’s fiscal year ended March 2026 demonstrated robust performance with double-digit growth across all key revenue and profit indicators, particularly a significant increase of over 40% in profit attributable to owners of parent, suggesting strong operational results.
• However, the consolidated earnings forecast for the fiscal year ending March 2027, while projecting continued growth in net sales, operating profit, and ordinary profit, anticipates a modest decline in profit attributable to owners of parent compared to the previous year, which may attract investor attention.
• The maintenance of a high dividend payout ratio coupled with a stock split could indicate the company’s commitment to shareholder returns, a factor that might be considered by investors.

• For the fiscal year ended March 31, 2026, consolidated net sales were ¥487,542 million, an increase of 13.7% year-on-year.
• Consolidated operating profit for the period was ¥47,128 million (down 2.1% year-on-year), and net loss attributable to owners of parent was ¥5,756 million.
• The annual dividend per share is projected to be ¥55 (interim ¥27, year-end ¥28).
• Impairment losses on goodwill and other intangible assets of Rovio Entertainment Ltd, and goodwill and tangible fixed assets of Stakelogic B.V., were recorded as extraordinary losses.
• For the fiscal year ending March 31, 2027, the company forecasts consolidated net sales of ¥510,000 million (up 4.6% year-on-year) and net income attributable to owners of parent of ¥32,500 million.

While consolidated net sales showed growth, the recording of impairment losses notably impacted the final profit/loss, resulting in a net loss. However, the announced increase in annual dividends and the forecast for a return to profitability in FY2027/3 may suggest management’s confidence in future recovery.

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

• Shiraidenshi Corporation announced its consolidated financial results for the fiscal year ended March 31, 2026. Net sales were JPY 29.118 billion (down 0.7% year-on-year), operating profit was JPY 2.030 billion (down 21.2%), ordinary profit was JPY 1.822 billion (down 29.7%), and net income attributable to owners of the parent was JPY 1.309 billion (down 36.9%), resulting in a decrease in both revenue and profit.
• The Printed Wiring Board business, the core segment, recorded net sales of JPY 28.549 billion (down 0.5% year-on-year) and segment profit of JPY 2.038 billion (down 21.4%). While the recovery in car electronics was delayed and raw material and energy costs surged, orders for home appliances performed favorably.
• As of the end of the fiscal year March 2026, consolidated total net assets increased by JPY 1.054 billion from the previous year-end to JPY 11.109 billion, leading to an improvement in the equity ratio from 51.0% to 57.1%.
• The year-end dividend for the fiscal year ended March 2026 was JPY 35 per share, making the annual dividend JPY 35 (compared to JPY 30 in the previous fiscal year).
• For the fiscal year ending March 2027, the consolidated earnings forecast projects net sales of JPY 29.000 billion (down 0.4% year-on-year), operating profit of JPY 850 million (down 58.1%), ordinary profit of JPY 800 million (down 56.1%), and net income attributable to owners of the parent of JPY 600 million (down 54.2%), indicating a significant decline in profit. The forecasted annual dividend is JPY 20 per share.

The financial results for the fiscal year ended March 2026 show a slight decrease in net sales but a double-digit decline in various profit figures. This appears to be largely influenced by the surging costs of raw materials and energy within the Printed Wiring Board business. Conversely, the increase in net assets and the improved equity ratio may suggest a strengthening of the company’s financial foundation. The forecast for the fiscal year ending March 2027 indicates a substantial drop in both profit and dividends, making it worth monitoring the future business environment and the effectiveness of their profit improvement measures.

• On May 12, 2026, Kawasaki Heavy Industries resolved at its Board of Directors meeting to increase the year-end dividend for shareholders of record as of March 31, 2026.
• The year-end dividend per share for the fiscal year ending March 2026 is set at JPY 96.00, an increase of JPY 5.00 from the previous forecast of JPY 91.00 announced on February 9, 2026.
• This revision brings the annual dividend per share for the fiscal year ending March 2026 to JPY 171.00, an increase of JPY 5.00 from the previous forecast of JPY 166.00.
• The total dividend amount is JPY 16,115 million, with an effective date of June 26, 2026, pending approval at the 203rd Ordinary General Meeting of Shareholders on June 25, 2026.
• The company stated the increase is in line with its shareholder return policy, which targets a Dividend on Equity (DOE) of 4% to balance long-term shareholder value enhancement and stable dividends, considering the company’s performance for the current fiscal year.

Kawasaki Heavy Industries’ decision to raise its dividend, exceeding its previous forecast, may suggest a positive outlook on its financial performance and a commitment to shareholder returns. The adherence to a 4% DOE target as part of its shareholder return policy could be viewed as a signal of management’s confidence in the company’s earnings trajectory. Investors might find the stability offered by such a policy worth monitoring.

• For the consolidated fiscal year ended March 31, 2026, G-SBI Insurance Group reported ordinary revenue of JPY 140,362 million (up 18.5% year-on-year), ordinary income of JPY 13,164 million (up 39.0%), and net profit attributable to parent company shareholders of JPY 2,880 million (up 44.8%).
• These figures for ordinary revenue, ordinary income, and net profit attributable to parent company shareholders all represent new record highs for the company.
• The annual dividend for FY2026 was JPY 46.50 per share, an increase from JPY 23.00 in the previous fiscal year.
• The consolidated earnings forecast for FY2027 projects ordinary revenue of JPY 150,000 million (up 6.9% year-on-year), ordinary income of JPY 16,000 million (up 21.5%), and net profit attributable to parent company shareholders of JPY 3,620 million (up 25.7%).
• The company expects an annual dividend of JPY 59.00 per share for FY2027.

The strong performance in FY2026, marked by record-high profits, appears to be driven by robust growth in contract numbers across all business segments and ongoing operational efficiency improvements. The substantial increase in the annual dividend, alongside a positive outlook for FY2027 with projected profit growth and further dividend increases, may suggest a strong commitment to shareholder returns and confidence in future business expansion.

• G-MTG announced on May 12, 2026, an upward revision to its full-year consolidated earnings forecast and dividend forecast for the fiscal year ending September 2026 (October 1, 2025 – September 30, 2026).
• Consolidated net sales are revised from the previous forecast of JPY 128,000 million to JPY 135,000 million, and operating profit from JPY 14,000 million to JPY 15,000 million.
• Net profit attributable to owners of parent increased from JPY 9,500 million to JPY 10,000 million.
• Earnings per share are revised from JPY 241.82 to JPY 254.30.
• The year-end dividend forecast has been raised from JPY 30.00 to JPY 33.00 per share, resulting in a total annual dividend of JPY 33.00.
• The revision is attributed to strong sales performance across ReFa, SIXPAD, and ReD brands, coupled with increased gross profit due to higher sales and enhanced brand power.

This revision may suggest that the company’s key brands continue to perform strongly in the market, contributing positively to overall corporate profitability. The increase in the dividend forecast, following the upward revision of earnings, could indicate a consistent approach to shareholder returns. As the fiscal year ending September 2026 is still in progress, the upward adjustment of multiple financial metrics might be a point of interest for market participants.

• Meitec Group Holdings Inc. reported consolidated results for the fiscal year ended March 31, 2026, with net sales of ¥137,686 million (up 3.5% year-on-year), operating profit of ¥19,903 million (up 5.7%), ordinary profit of ¥20,101 million (up 6.3%), and net profit attributable to owners of parent of ¥15,051 million (up 18.1%).
• The annual dividend for the fiscal year ended March 31, 2026, was ¥196 per share (interim ¥90, year-end ¥106).
• For the fiscal year ending March 31, 2027, the company forecasts consolidated net sales of ¥140,800 million (up 2.3% from previous year) and operating profit of ¥20,500 million (up 3.0%), while net profit attributable to owners of parent is projected to be ¥13,900 million (down 7.7%).
• The forecasted annual dividend for the fiscal year ending March 31, 2027, is ¥181 per share (interim ¥85, year-end ¥96).
• As of May 12, 2026, it is noted that audit procedures are ongoing in relation to the disclosure made on May 11, 2026, regarding “Interim Dividends Exceeding Distributable Amount for the Previous Fiscal Year.”

The increase in consolidated sales and profits for the fiscal year ended March 2026 appears to be driven by solid order intake and utilization rates in the core Engineering Solution business, coupled with a special gain from the sale of a large training facility. For the upcoming fiscal year ending March 2027, while an increase in sales and operating profit is projected, the forecast for a decrease in net profit attributable to owners of parent and a lower annual dividend plan compared to the prior year may be a key point of interest for investors. Furthermore, the ongoing audit procedures, as noted in the disclosure, could also be a factor for investor consideration.

• GECOSS Corporation reported record-high consolidated operating profit of ¥8,012 million (+16.9% year-over-year) and net profit attributable to parent company shareholders of ¥5,853 million (+28.8% year-over-year) for the fiscal year ended March 31, 2026.
• Consolidated net sales for FY2026 totaled ¥115,680 million (+3.7% year-over-year), primarily driven by steady progress in temporary construction projects.
• Return on Equity (ROE) reached a record 8.5%, an increase of 1.5 percentage points from the prior fiscal year.
• For the fiscal year ending March 31, 2027, the company forecasts an operating profit of ¥8,400 million (+4.8% year-over-year). However, net profit attributable to parent company shareholders is projected to decrease to ¥5,700 million (-2.6% year-over-year), due to a reduction in one-time special gains from the sale of policy-held shares, among other factors.
• The company expects to maintain an ROE of approximately 8.0% for FY2027, despite a temporary decline due to an increase in net assets.

The strong performance in FY2026, marked by record profits, appears to be a result of steady progress in construction projects and continuous efforts to improve profitability. While the forecast for FY2027 indicates a slight decline in net profit due to the absence of one-time factors, the projected increase in operating profit may suggest ongoing operational strength in its core businesses. The business environment is influenced by factors such as the “National Resilience Plan” and robust demand from large-scale urban redevelopment projects in the Tokyo metropolitan area, which could continue to support the company’s activities.

• Nisshin OilliO Group announced its consolidated financial results for the fiscal year ended March 31, 2026, with net sales of ¥554,251 million, representing a 4.4% increase year-on-year.
• Operating profit was ¥17,027 million (down 11.7% year-on-year), and ordinary profit was ¥16,030 million (down 11.4% year-on-year).
• Profit attributable to owners of parent significantly increased by 86.7% year-on-year to ¥23,988 million.
• The company conducted a 1-for-3 stock split of its common shares effective April 1, 2026.
• For the fiscal year ending March 31, 2027, the consolidated forecast projects net sales of ¥590,000 million (up 6.4% year-on-year), operating profit of ¥19,000 million (up 11.6% year-on-year), and ordinary profit of ¥18,000 million (up 12.3% year-on-year). However, profit attributable to owners of parent is forecast to decrease by 50.0% to ¥12,000 million.

• For FY2026/3, while net sales increased, a notable point is the decrease in operating and ordinary profits alongside a significant rise in profit attributable to owners of parent. This divergence could be influenced by factors such as a turnaround in equity method investment gains/losses and a substantial increase in comprehensive income.
• The 1-for-3 stock split effective April 1, 2026, may aim to reduce the per-share investment unit, potentially making the shares more accessible to a broader range of investors.
• The FY2027/3 forecast indicates revenue and profit growth at the operating and ordinary levels, but a projected decline in net profit attributable to owners of parent suggests potential impacts from non-operating or extraordinary items, or tax expenses, that investors may wish to monitor.

• Kensoh Co., Ltd. announced its non-consolidated financial results for the fiscal year ended March 2026. Sales reached ¥6,411 million, representing a 9.3% increase year-over-year.
• Operating profit was ¥257 million (down 2.4% YoY), and ordinary profit was ¥248 million (down 3.3% YoY). However, net income for the period increased by 18.2% to ¥206 million.
• The year-end dividend for FY2026 was set at ¥22 (total annual dividend of ¥22), and the company forecasts an annual dividend of ¥23 for FY2027.
• For the fiscal year ending March 2027, the company projects sales of ¥6,555 million (up 2.2% YoY), operating profit of ¥333 million (up 29.3% YoY), ordinary profit of ¥329 million (up 32.7% YoY), and net income of ¥222 million (up 7.6% YoY).
• The equity ratio as of the end of March 2026 improved to 60.8% from 58.8% at the end of the previous fiscal year.

While Kensoh achieved revenue growth in FY2026, operating and ordinary profits saw slight declines. This could be attributed to factors such as rising material costs and labor shortages in the construction industry, as noted in the attached materials. However, net income increased year-over-year, and the equity ratio improved, suggesting enhanced financial stability. For FY2027, the company anticipates growth in sales and all profit metrics, along with an increased dividend forecast, as it enters the final year of its medium-term management plan.

• For the second quarter (interim period) of the fiscal year ending September 2026, consolidated results show revenue of ¥9.086 billion (+15.4% year-on-year), operating profit of ¥857 million (+30.3% year-on-year), ordinary profit of ¥804 million (+32.8% year-on-year), and net profit attributable to owners of parent of ¥420 million (+27.6% year-on-year).
• Interim earnings per share stood at ¥149.11.
• By segment, the Environmental Business reported revenue of ¥4.861 billion (+19.8%) and segment profit of ¥993 million (+40.3%). The Environmental Engineering Business also saw significant growth with revenue of ¥519 million (+155.7%) and segment profit of ¥42 million (+144.6%).
• The Construction Business recorded a 2.4% year-on-year decrease in segment profit, partly due to the delay in the start of large-scale projects until the third quarter or later.
• The consolidated full-year earnings forecast for the fiscal year ending September 2026 remains unchanged from the figures announced on November 7, 2025.

The overall increase in revenue and profit appears to be driven by M&A activities and reforms in existing businesses. The strong performance of the Environmental and Environmental Engineering segments can be seen as a significant contributor to these results. While project delays in the Construction segment impacted short-term profit, their progress in the latter half of the fiscal year will be worth monitoring. The unchanged full-year forecast may suggest that the company anticipates making up for any delays and achieving its targets in the second half.

• For the first quarter of fiscal year 2026 (January 1, 2026 – March 31, 2026), G-ibis reported consolidated net sales of JPY 1,460 million (up 25.7% year-on-year), operating income of JPY 373 million (up 22.1%), ordinary income of JPY 383 million (up 25.9%), and net income attributable to owners of parent of JPY 278 million (up 33.7%).
• The flagship mobile paint app “ibisPaint” reached 537.91 million cumulative downloads as of March 31, 2026 (up 14.9% year-on-year), with 40 million monthly active users (MAU).
• A major update, Ver.14.0.0, for “ibisPaint” was released on March 31, 2026, introducing new features such as CMYK output and brush categories.
• Zeroichistart Co., Ltd., which became a wholly-owned subsidiary in November 2025, began to be consolidated into the statement of income from this first consolidated quarter.
• The consolidated full-year earnings forecast for fiscal year 2026 and the annual dividend forecast (JPY 12.00 at fiscal year-end) remain unchanged from the most recently announced figures.

G-ibis’s Q1 FY2026 results indicate robust growth, with net sales and all profit categories increasing by over 20% year-on-year. This performance may be attributed to the continued expansion of the global user base and feature enhancements of its flagship mobile app “ibisPaint,” alongside the contribution from a subsidiary whose profit and loss began to be consolidated this quarter. With the full-year earnings forecast remaining unchanged, further developments will be worth monitoring.

• Chuo Keizai-Sha Holdings Co., Ltd. has announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending September 2026.
• For the period from October 1, 2025, to March 31, 2026, consolidated net sales were ¥1,666 million, a 1.8% decrease compared to the previous interim period.
• Net profit attributable to owners of parent increased by 54.7% year-on-year to ¥201 million for the interim period.
• Operating profit reached ¥148 million (up 8.1% year-on-year), and ordinary profit was ¥159 million (up 9.0% year-on-year).
• The full-year consolidated performance forecast for the fiscal year ending September 2026 remains unchanged, projecting net sales at ¥3,096 million and net profit attributable to owners of parent at ¥126 million.

Despite a slight decrease in net sales, the company reported increases in operating profit, ordinary profit, and a significant rise in net profit attributable to owners of parent, suggesting an improvement in profitability. The substantial increase in interim net profit appears to be influenced by non-operating factors such as gains on sales of investment securities. Investors may want to monitor the full-year forecast, as the interim net profit has already surpassed the full-year projection.

• Miyazaki Bank announced its dividend forecast for the fiscal year ending March 2027 (April 1, 2026, to March 31, 2027).
• The projected annual dividend for the fiscal year ending March 2027 is 56.00 yen per share.
• This forecast represents an increase of 16 yen (40%) compared to the previous fiscal year’s (FY2026) actual annual dividend of 40.00 yen per share.
• The dividend forecast is based on the shareholder return policy announced on April 24, 2026.
• The previous fiscal year’s actual dividend amount has been converted based on the 1-for-5 stock split of common shares effective April 1, 2026.

This dividend forecast aligns with Miyazaki Bank’s shareholder return policy, announced on April 24, 2026, which targets a dividend payout ratio of approximately 40% by the final year of its medium-term management plan (FY2029). Such a concrete step toward increasing per-share dividends may be seen by investors as a reaffirmation of the bank’s commitment to shareholder returns.

• Sanyodo Holdings Co., Ltd. announced its consolidated financial results for the fiscal year ended March 31, 2026 (April 1, 2025, to March 31, 2026).
• For the consolidated results, net sales were ¥17,249 million (up 3.9% year-on-year), operating income was ¥268 million (up 117.2%), ordinary income was ¥279 million (up 65.8%), and profit attributable to owners of parent was ¥340 million (up 91.4%).
• Segment sales showed significant increases in the Trading Card segment (up 26.6%), Surugaya segment (up 80.7%), and Stationery, Miscellaneous Goods, and Food segment (up 15.4%). Conversely, the Bookstore segment decreased by 5.7% and the Rental segment by 11.0%.
• As of March 31, 2026, the company operated 67 stores and 2 schools, with 32 stores implementing smart unmanned operations.
• The consolidated earnings forecast for the fiscal year ending March 31, 2027 (April 1, 2026, to March 31, 2027), projects net sales of ¥17,500 million (up 1.5% year-on-year), operating income of ¥200 million (down 25.5%), ordinary income of ¥200 million (down 28.5%), and profit attributable to owners of parent of ¥150 million (down 55.9%).

The strong profit growth in fiscal year 2026/3, particularly in segments like Trading Cards and Surugaya, may suggest a successful adaptation to evolving market demands. However, the projected decline in profits for fiscal year 2027/3, despite an anticipated increase in sales, could indicate potential challenges such as increased operational costs or strategic investments. Investors might consider monitoring the company’s initiatives for profit margin improvement and competitive positioning.

• Asahi Kasei has decided to set the year-end dividend for the fiscal year ending March 2026 at ¥22 per share. This represents an increase from the most recent dividend forecast (¥20) and the previous fiscal year’s performance (¥20).
• Consequently, the total annual dividend per share for the fiscal year ending March 2026 will be ¥42, including the interim dividend of ¥20.
• The forecast for the annual dividend per share for the fiscal year ending March 2027 is ¥44 (¥22 for interim, ¥22 for year-end).
• The company’s “Mid-Term Management Plan 2027 ~Trailblaze Together~” outlines a policy to pursue progressive dividends over the medium to long term, with a target DOE of 3%, aiming for continuous improvement in shareholder returns.
• The source of the dividend is retained earnings.

Asahi Kasei’s latest dividend announcement appears to reflect its commitment to shareholder returns, aligning with the progressive dividend policy outlined in its Mid-Term Management Plan. The forecast of increased dividends for both FY2026 and FY2027 suggests a continued focus on stable shareholder returns. This move, based on financial performance, indicates that the progress of its future management strategies will be worth monitoring.

• Ecomic Co., Ltd. reported consolidated results for the fiscal year ended March 2026, with net sales of ¥2,345 million (up 10.6% year-on-year), operating profit of ¥173 million (up 271.0% year-on-year), ordinary profit of ¥159 million (up 158.3% year-on-year), and net profit attributable to owners of parent of ¥109 million (up 152.8% year-on-year).
• The increase in net sales was primarily due to a rise in processing volume and average unit price for year-end adjustment BPaaS services, an increase in the average unit price for payroll calculation BPaaS services, and the consolidation of its Shanghai-based subsidiary (Eiko Mirai Joho Gijutsu (Shanghai) Co., Ltd.).
• The gross profit margin improved by 4.7 percentage points, from 27.8% in the previous fiscal year to 32.5%.
• For the fiscal year ending March 2027, the company forecasts consolidated net sales of ¥2,400 million (up 2.3% year-on-year), operating profit of ¥180 million (up 3.7% year-on-year), and net profit attributable to owners of parent of ¥141 million (up 29.1% year-on-year).
• The number of treasury shares at the end of March 2026 significantly increased to 1,263,060 shares, compared to 60 shares at the end of the previous fiscal year.

These results indicate that Ecomic achieved significant profit growth in addition to solid sales expansion, suggesting an improvement in the profitability of its BPaaS business. The improved gross profit margin may suggest that the company’s continuous efforts in operational efficiency have been successful. Furthermore, the substantial increase in treasury shares could be noteworthy as part of its capital policy.

• Asante Co., Ltd. announced its consolidated financial results for the fiscal year ended March 31, 2026 (April 1, 2025 – March 31, 2026).
• Sales increased by 2.4% year-over-year to JPY 14,355 million. However, operating profit decreased by 31.9% to JPY 835 million, ordinary profit fell by 27.9% to JPY 837 million, and profit attributable to owners of parent declined by 60.1% to JPY 274 million.
• The net profit included an impairment loss of JPY 284 million recognized as an extraordinary loss, related to the cessation of operations at the Inawashiro General Training Center.
• The annual dividend per share was maintained at JPY 62, consistent with the previous fiscal year.
• For the fiscal year ending March 31, 2027 (April 1, 2026 – March 31, 2027), the company forecasts consolidated sales of JPY 13,660 million (down 4.8% YoY), operating profit of JPY 200 million (down 76.1% YoY), and profit attributable to owners of parent of JPY 35 million (down 87.2% YoY), indicating a significant decrease in profitability.

Despite an increase in sales for FY2026, the company’s profitability was impacted by upfront investments for growth and the recognition of an impairment loss, which may suggest a focus on future strategic development over short-term earnings. The significant decline in the FY2027 profit forecast could indicate that these strategic investments or changes in market conditions are expected to continue influencing financial performance. While the dividend payout ratio is high at 220.7%, reflecting a commitment to shareholder returns, the company’s path to future profit recovery will be a key area for investors to monitor.

• Hakuhodo DY Holdings, Inc. announced its consolidated financial results for the fiscal year ended March 31, 2026.
• For the fiscal year 2026 (April 1, 2025 – March 31, 2026), consolidated revenue was JPY 861,003 million (down 9.7% year-on-year), while operating profit increased by 18.9% to JPY 44,675 million, ordinary profit rose 8.0% to JPY 46,061 million, and net profit attributable to owners of the parent significantly increased by 55.8% to JPY 16,775 million.
• The decline in revenue was attributed to factors such as the exclusion of United Inc. from consolidation and a reactionary decrease in government and public sector work, resulting in sales of JPY 1,580,460 million (down 2.0%) based on previous accounting standards. Conversely, successful profitability improvement measures implemented both domestically and internationally led to a 2.4% increase in adjusted gross profit for the full fiscal year.
• Special losses of JPY 10,559 million, including structural reform-related expenses, were recorded, but the increase in operating profit mitigated their impact.
• The annual dividend per share is projected to be JPY 32.00 (JPY 16.00 interim, JPY 16.00 year-end) for both the fiscal year 2026 and the forecast for fiscal year 2027.
• For the fiscal year 2027 (April 1, 2026 – March 31, 2027), the company forecasts consolidated revenue of JPY 910,000 million (up 5.7% year-on-year), operating profit of JPY 46,700 million (up 4.5% year-on-year), and net profit attributable to owners of the parent of JPY 26,000 million (up 55.0% year-on-year), projecting growth in both revenue and profit.

Despite a decrease in consolidated revenue, the substantial increases in operating profit, ordinary profit, and net profit attributable to owners of the parent suggest an improvement in profitability. This could indicate the positive impact of successful profitability improvement measures and cost control initiatives implemented across the company’s domestic and international operations. The forecast for revenue and profit growth in fiscal year 2027 suggests a continuation of the recovery trend, which may be a point for investors to monitor.

• AGC Corporation announced its consolidated financial results for the first quarter of the fiscal year ending December 2026 (January 1, 2026 – March 31, 2026) on May 12, 2026.
• Sales reached ¥537,965 million, representing a 7.7% increase year-on-year, while operating profit was ¥38,472 million, up 48.9% from the previous year.
• Net profit attributable to owners of the parent significantly increased by 243.8% year-on-year to ¥22,844 million.
• Basic earnings per share for the quarter stood at ¥107.73 (compared to ¥31.35 in the same period of the prior year).
• The consolidated full-year earnings forecast for the fiscal year ending December 2026 and the annual dividend forecast of ¥210.00 remain unchanged from the most recently announced figures.

AGC’s Q1 FY2026 results demonstrate robust growth across key financial metrics, with significant year-on-year increases in sales, operating profit, and net profit attributable to owners of the parent. The substantial 243.8% rise in net profit attributable to owners of the parent is particularly noteworthy. This strong start to the fiscal year could be seen as a positive indicator for the company’s progress towards its full-year consolidated earnings targets.

• Nippon Denko announced its consolidated financial results for the first quarter of the fiscal year ending December 2026 (January 1 to March 31, 2026) on May 12, 2026.
• For the first quarter, consolidated net sales were JPY 19.4 billion (unchanged year-on-year), and ordinary profit was JPY 1.1 billion (up JPY 0.7 billion year-on-year).
• “Core recurring profit,” which excludes inventory effects and one-off factors, increased by JPY 1.1 billion year-on-year to JPY 1.6 billion. This was primarily driven by an an increase in ash processing volume in the Waste Incineration Ash Recycling business and stable high prices for molten metal.
• By segment, the Waste Incineration Ash Recycling business achieved a core recurring profit of JPY 0.9 billion (up JPY 0.6 billion year-on-year), showing significant growth. The Functional Materials business also saw an increase in profit to JPY 0.7 billion (up JPY 0.2 billion year-on-year), supported by robust demand for electronic materials.
• The consolidated full-year forecast for the fiscal year ending December 2026 remains unchanged, with projected net sales of JPY 80.0 billion (up JPY 2.7 billion year-on-year) and ordinary profit of JPY 7.0 billion (up JPY 4.3 billion year-on-year). Core recurring profit is expected to be JPY 6.0 billion (up JPY 0.7 billion year-on-year).

The first quarter results show significant profit increases for both reported ordinary profit and “core recurring profit,” an independent indicator reflecting the company’s underlying performance. The strong performance of the Waste Incineration Ash Recycling business notably boosted overall profit, suggesting a shift in the revenue structure due to portfolio changes. The full-year outlook anticipates a substantial improvement in reported ordinary profit, driven by a positive reversal in inventory effects linked to rising manganese ore prices, highlighting the significant impact of market fluctuations on the company’s financial results.

• Net profit attributable to owners of parent for the fiscal year ended March 2026 (consolidated) was ¥1,004 million, a decrease of ¥435 million compared to the previous fiscal year.
• Ordinary income for the fiscal year ended March 2026 (consolidated) was ¥1,433 million, a decrease of ¥202 million compared to the previous fiscal year.
• Consolidated core business profit for the fiscal year ended March 2026 increased by ¥217 million year-over-year to ¥3,155 million.
• Tohoku Bank’s non-consolidated total gross margin on funds for the fiscal year ended March 2026 improved by 0.01 percentage points year-over-year to 0.12%.
• Non-consolidated gains/losses on equity securities for the fiscal year ended March 2026 increased by ¥338 million year-over-year to ¥503 million.

While an improvement in core business profit and interest margins is noted, the decrease in net profit attributable to owners of parent and ordinary income may be a focal point for investors. The significant increase in gains/losses on equity securities within securities-related profits and losses could have influenced the overall profit and loss structure. The ongoing performance trends would be worth monitoring.

• G-TAKAYOSHI HD has announced its consolidated financial results for the second quarter of the fiscal year ending September 2026.
• For the interim period, consolidated operating revenue was 4,020 million yen (down 1.0% year-on-year), operating profit was 517 million yen (up 12.0% year-on-year), ordinary profit was 517 million yen (up 13.2% year-on-year), and interim net profit attributable to owners of parent was 280 million yen (up 41.8% year-on-year).
• Total transaction volume reached 12,937,553 thousand yen. The number of stores at the end of the interim period was 196, following 24 new openings and 10 closures.
• The number of registered producers increased by 1,142 from the end of the previous fiscal year, reaching 35,048.
• There are no revisions to the consolidated full-year earnings forecast for the fiscal year ending September 2026 or the annual dividend forecast (30.00 yen at year-end).

While operating revenue saw a slight decrease, significant increases in operating profit, ordinary profit, and net profit year-on-year may suggest improved profitability. The growth in total transaction volume, store count, and registered producers indicates concrete efforts in business expansion, which could be strengthening the foundation for future business development.

• Mitsubishi Heavy Industries reported consolidated net sales of ¥4,974.1 billion for the fiscal year ended March 31, 2026, marking a 14.1% increase from the previous fiscal year.
• Operating profit (事業利益) reached ¥432.2 billion, up 21.8% year-over-year, and profit attributable to owners of the parent surged by 35.3% to ¥332.1 billion.
• The annual dividend for FY2026 was set at ¥25.00 per share (interim ¥12.00, year-end ¥13.00), an increase from ¥23.00 in the prior fiscal year.
• For the fiscal year ending March 31, 2027, the company forecasts consolidated net sales of ¥5,400.0 billion (an 8.6% increase) and profit attributable to owners of the parent of ¥380.0 billion (a 14.4% increase), projecting continued growth.
• The projected annual dividend for FY2027 is ¥29.00 per share (interim ¥14.00, year-end ¥15.00).

The significant increase in both net sales and profits for FY2026, especially the over 35% growth in profit attributable to owners of the parent, may suggest robust business performance. The forecast for sustained revenue and profit growth in FY2027, coupled with a planned increase in the annual dividend, could be noteworthy for investors. The substantial rise in cash flow from operating activities may also indicate improved operational efficiency.

• Keiyo Bank resolved at its Board of Directors meeting on May 12, 2026, to increase the year-end dividend and transfer funds from its separate reserve, with March 31, 2026, as the record date.
• The year-end dividend per share has been set at JPY 23.00, an increase of JPY 2.00 from the previously forecasted JPY 21.00. This results in a total annual dividend per share of JPY 42.00, including the interim dividend of JPY 19.00.
• The total dividend amount is JPY 2,792 million, with an effective date of June 25, 2026.
• The bank decided to transfer JPY 30 billion from its separate reserve to retained earnings. The stated purpose is to enable flexible capital policies, including shareholder returns, in response to changes in the business environment.
• These proposals are scheduled to be submitted for approval at the 120th Ordinary General Meeting of Shareholders, slated for June 24, 2026.

• The announced dividend increase may reflect the bank’s adherence to its profit distribution policy, which aims to achieve sound management and enhance internal reserves while providing appropriate returns to stakeholders, considering its performance and financial condition.
• The transfer of funds from the separate reserve to retained earnings could be interpreted as a strategic move to enhance the flexibility of future capital policies, including shareholder returns, in anticipation of evolving business environments.
• While these actions are stated to have no impact on total net assets or profit/loss as they are inter-account transfers within the net assets section, they might indicate an effort to optimize the bank’s capital structure for greater agility.

• Nishimatsu Construction Co., Ltd. announced that its consolidated net profit attributable to parent company for the full year ended March 31, 2026, was JPY 24,066 million, surpassing the previous forecast of JPY 18,800 million by 28.0%.
• Consolidated operating profit reached JPY 28,029 million (7.8% above forecast) and ordinary profit was JPY 27,384 million (9.5% above forecast), both exceeding prior estimates. Consolidated net sales were JPY 396,030 million, slightly below the JPY 400,000 million forecast.
• The company attributed the profit variance primarily to improved profitability in domestic construction projects, gains from the sale of investment securities (special income), and higher profit margins in the real estate business, despite a delay in real estate sales projects affecting net sales.
• A year-end dividend of JPY 130.00 per share has been decided for the fiscal year ended March 31, 2026, an increase of JPY 10 from the most recent forecast of JPY 120.00.
• This brings the total annual dividend for FY2026 to JPY 230.00 per share, including the interim dividend of JPY 100.00.

The significant upward revision in consolidated net profit, driven by improved project profitability and gains from asset sales despite a slight miss on sales, stands out in this announcement. The decision to increase the year-end dividend, aligning with the company’s DOE 5% dividend policy, may suggest a commitment to shareholder returns. Investors might monitor how the company balances its strengthened financial health with aggressive growth investments, including M&A, as outlined in “Nishimatsu-Vision 2035.”

• Tenox Co., Ltd. announced on May 12, 2026, revisions to its consolidated earnings forecast and dividend forecast for the fiscal year ending March 2026.
• For the fiscal year ending March 2026, the company revised its full-year consolidated net sales forecast downward to JPY 21,090 million (△1.9% from previous forecast). However, operating profit was revised upward to JPY 1,280 million (＋42.2%), ordinary profit to JPY 1,330 million (＋40.0%), and profit attributable to owners of parent to JPY 930 million (＋43.1%).
• The downward revision in net sales is attributed to delays in the start timing of some large-scale construction projects. The upward revision in profits is due to improved construction revenue from enhanced construction efficiency and the non-occurrence of some expenses as a result of a review of accounting classifications based on the nature of selling, general and administrative expenses.
• The annual dividend forecast was revised upward from the previously announced JPY 52.00 per share to JPY 60.50 per share (interim dividend JPY 26.00, year-end dividend JPY 34.50).
• The reason for the dividend revision is the company’s commitment to shareholder returns as a key management issue, with the Dividend on Equity (DOE) ratio being a significant indicator, combined with consideration of the consolidated business performance for the fiscal year ending March 2026.

The announced information suggests an improvement in profit margins, driven by enhanced construction efficiency and expense review, despite a decrease in net sales. Furthermore, the decision to increase dividends while emphasizing the Dividend on Equity (DOE) ratio as a key indicator could be seen as a proactive stance towards shareholder returns. These factors may be noteworthy for investors to consider.

• Hard Off Corporation (2674.T) announced on May 12, 2026, a revision to its dividend forecast for the fiscal year ending March 2026, indicating an increase.
• The year-end and annual dividend forecast per share has been revised upward by ¥7, from the previously announced ¥78 to ¥85.
• The revision is attributed to the company’s commitment to “returning profits to shareholders” as a key management policy, with a target DOE (Dividend on Equity ratio based on consolidated net assets) of approximately 6%.
• This decision was made after comprehensively considering recent business performance and internal reserves.
• The revised dividend forecast results in a DOE of 6.1%.
• The final resolution for the dividend per share is scheduled to be made at the Board of Directors meeting on May 25, 2026.

This upward revision to the dividend forecast may suggest Hard Off Corporation’s strong commitment to its “shareholder return” policy, a key management principle. The explicit mention of a DOE (Dividend on Equity ratio) target of approximately 6%, with the revised forecast resulting in 6.1%, could indicate a transparent and consistent approach to dividend distribution. The consideration of recent business performance and internal reserves in this decision might imply a balanced strategy aimed at both financial stability and enhancing shareholder value.

• Sanyo Trading announced on May 12, 2026, that its Board of Directors resolved to increase the interim dividend for the period ended March 31, 2026.
• The per-share interim dividend will be ¥30.00, representing a ¥1.00 increase from the most recent forecast (announced on November 10, 2025) of ¥29.00, and also an increase from the previous fiscal year’s (September 2025) ¥28.00.
• The total amount of dividends will be ¥864 million, with an effective date of June 12, 2026.
• This interim dividend will be sourced from retained earnings and will be distributed based on the number of shares prior to the planned stock split (2-for-1 ratio) effective July 1, 2026.
• The company stated that the increase is based on its fundamental policy of continuous and stable dividend increases, considering consolidated business performance and financial position, as shareholder returns are positioned as one of its most important management priorities.

This interim dividend increase appears to align with the company’s “SANYO VISION 2028” policy, which aims for progressive dividends with a dividend payout ratio of 30% or more. The decision, based on a comprehensive assessment of business performance and financial conditions, may suggest a continued commitment to active shareholder returns.

• Fujifilm Holdings reported consolidated net sales of JPY 3,356,969 million for the fiscal year ended March 31, 2026, representing a 5.0% increase from the previous fiscal year.
• Operating profit reached JPY 350,210 million (+6.1% YoY), and net income attributable to shareholders of Fujifilm Holdings was JPY 276,735 million (+6.0% YoY).
• The Imaging segment recorded sales of JPY 627.1 billion (+15.7% YoY) and operating profit of JPY 160.0 billion (+14.9% YoY).
• The Electronics segment also contributed positively, with sales of JPY 456.2 billion (+11.9% YoY) and operating profit of JPY 100.9 billion (+34.4% YoY).
• The annual dividend per share for FY2026/3 was increased to JPY 70, up from JPY 65 in the prior fiscal year.

• The reported consolidated results indicate a consistent growth trajectory across key financial metrics for the fiscal year, reflecting stable business operations.
• Strong performances in the Imaging and Electronics segments appear to be significant drivers of the overall positive financial outcomes, suggesting growth in these specific business areas.
• The company’s forward guidance for FY2027/3, projecting increases in sales, profit, and an anticipated dividend hike, may suggest a continued focus on sustainable growth and shareholder returns.

• Achilles announced its consolidated financial results for the full year ended March 31, 2026, significantly exceeded its previous forecasts (announced on February 9, 2026). Consolidated net sales increased by 1.0% from JPY 81,000 million to JPY 81,802 million, operating income rose by 29.3% from JPY 2,300 million to JPY 2,972 million, ordinary income surged by 53.7% from JPY 2,550 million to JPY 3,919 million, and net income attributable to owners of parent increased by 46.0% from JPY 1,450 million to JPY 2,116 million.
• The upward revision in consolidated results was attributed to factors including an improved sales mix of high-profitability medical films and industrial materials, ongoing cost reduction activities, and price revisions in individual results, combined with foreign exchange gains of JPY 693 million due to the yen’s depreciation and equity method investment income of JPY 181 million.
• Despite recording extraordinary losses, including an impairment loss of JPY 905 million, the net income attributable to owners of parent still surpassed the previous forecast.
• The company resolved to pay a year-end dividend of JPY 40.00 per share for the fiscal year ended March 31, 2026. This represents an increase of JPY 10.00 from the most recent dividend forecast of JPY 30.00 (announced on February 9, 2026) and an increase of JPY 20.00 from the previous year’s dividend of JPY 20.00.
• The dividend revision was based on the company’s mid-term management plan, which aims for a dividend payout ratio of 30% or more and a dividend of JPY 50 per share, taking into account the performance of the fiscal year ended March 31, 2026. The resulting dividend payout ratio for FY2026 is 25.8%.

Achilles’ financial results for the fiscal year ended March 31, 2026, significantly exceeded previous forecasts, particularly in ordinary income and net income attributable to owners of parent. This performance appears to be driven by improvements in business structure, such as an enhanced sales mix of high-profit products and persistent cost reduction efforts, augmented by foreign exchange gains from the yen’s depreciation. The decision to increase the year-end dividend, in line with the mid-term management plan’s shareholder return policy, may be seen as a positive signal regarding the company’s financial health and commitment to investors.

• Hokuriku Electric Industry announced an increase in its year-end dividend for the fiscal year ended March 31, 2026, from the previously forecast ¥90.00 per share to ¥95.00 per share (ordinary dividend).
• The total dividend amount for this period will be ¥745 million, with an effective date of June 5, 2026.
• The increase in dividend is attributed to the net profit for the fiscal year ended March 2026 exceeding expectations, consistent with the company’s dividend policy targeting a Dividend on Equity (DOE) ratio of 3.0% or more and a payout ratio of approximately 35%.
• Starting from the fiscal year ending March 2027, the company will introduce interim dividends to enhance opportunities for shareholder returns, transitioning from a single annual year-end dividend to twice-yearly payouts (interim and year-end).
• The record date for interim dividends will be September 30 of each year, and the projected annual dividend for FY2027 is ¥95.00, comprising an interim dividend of ¥47.50 and a year-end dividend of ¥47.50.

This announcement suggests that Hokuriku Electric Industry is reinforcing its commitment to shareholder returns, evidenced by the increased dividend for FY2026 and the planned introduction of interim dividends from FY2027. The company’s explicit dividend policy, based on specific DOE and payout ratio targets, could indicate a stable and transparent approach to profit distribution. The shift to semi-annual dividend payments may enhance liquidity for investors and align with broader market expectations for more frequent shareholder returns.

• Mansei Denki Co., Ltd. announced its consolidated financial results for the fiscal year ended March 31, 2026, reporting net sales of ¥26,992 million, an increase of 10.5% year-on-year.
• Consolidated operating profit reached ¥1,572 million (up 38.6%), ordinary profit ¥1,609 million (up 36.7%), and profit attributable to owners of parent ¥1,114 million (up 27.6%).
• Diluted earnings per share (EPS) were ¥686.30, and the annual dividend per share increased by ¥70 to ¥200 (including a ¥40 commemorative dividend).
• By segment, Electrical Equipment & Industrial Systems sales rose 12.6% to ¥12,017 million, and Equipment sales increased 28.0% to ¥6,444 million.
• The consolidated earnings forecast and dividend forecast for the fiscal year ending March 31, 2027, are currently under review and will be promptly disclosed once finalized.

The fiscal year 2026 results demonstrate strong growth across key financial metrics, with all major profit figures showing double-digit year-on-year increases. This performance may suggest positive impacts from favorable business conditions, such as increased investment in FA equipment and industrial/logistics facilities, alongside the company’s efforts to expand its sales areas and strengthen its revenue base. The increase in the annual dividend could also be viewed as a signal of the company’s commitment to shareholder returns.

• Seed Co., Ltd. announced on May 12, 2026, a correction to a part of its “Consolidated Financial Results for the Fiscal Year Ending March 31, 2026 [Japanese GAAP]”.
• The correction pertains to the header notation of the financial report, which was published on May 11, 2026.
• The incorrect header read “Financial Results for the Fiscal Year Ended March 31, 2025”, which has been corrected to “Financial Results for the Fiscal Year Ended March 31, 2026”.
• This correction is solely due to an error in the stated fiscal year and has no impact on the company’s financial figures or performance.

This correction exclusively addresses a clerical error in the fiscal year notation within the financial report header, with no reported impact on the actual financial results. For investors, this may indicate the company’s commitment to ensuring accuracy in its public disclosures, and the substantive effect on financial performance is likely to be minimal.

• Fuyo General Lease Co., Ltd. announced its consolidated financial results for the fiscal year ended March 31, 2026, on May 12, 2026.
• For FY2026/3, consolidated net sales reached ¥788,669 million, representing a 16.3% increase year-on-year.
• However, profit attributable to owners of parent decreased by 52.4% to ¥21,565 million for the same period.
• The annual dividend for FY2026/3 was ¥158.00 per share (interim ¥79.00, year-end ¥79.00). Notably, the annual dividend for FY2025/3 was ¥455.00 per share before the stock split.
• The consolidated earnings forecast for FY2027/3 projects profit attributable to owners of parent to reach ¥48,000 million (a 122.6% increase year-on-year) and an annual dividend of ¥172.00 per share (interim ¥86.00, year-end ¥86.00).

• The results for FY2026/3 indicate a significant decline in profit despite an increase in net sales, which may suggest underlying operational or market challenges.
• Nevertheless, the company’s robust earnings forecast for FY2027/3, projecting a substantial recovery in consolidated net profit and an increased dividend, could signal a positive outlook for the coming fiscal year.
• Investors might consider these forward-looking projections as a key indicator for the company’s potential rebound and future shareholder returns.

• Keihan Holdings reported consolidated operating revenue of ¥332,471 million for the fiscal year ended March 2026, marking a 6.0% increase year-on-year.
• Operating profit grew by 16.8% to ¥49,152 million, while ordinary profit rose 14.7% to ¥46,931 million.
• Net profit attributable to owners of the parent company increased by 18.8% to ¥33,581 million.
• The annual dividend for the fiscal year ended March 2026 was ¥100.00 per share, up from ¥40.00 in the previous period, resulting in a payout ratio of 30.0%.
• For the fiscal year ending March 2027, the company forecasts consolidated operating revenue of ¥321,800 million (down 3.2% year-on-year) and net profit attributable to owners of the parent company of ¥29,000 million (down 13.6% year-on-year), with an anticipated annual dividend of ¥86.00 per share.

Keihan Holdings’ consolidated results for the fiscal year ended March 2026 showed significant growth across key profit indicators and a substantial increase in the annual dividend. However, the company’s forecast for the fiscal year ending March 2027 projects a decrease in both revenue and profit. This divergence between strong past performance and a more conservative outlook for the upcoming year could be a point of interest for investors evaluating the company’s future business strategies and earnings stability.

• Kuribayashi Shosen Co., Ltd. resolved to increase its dividend for the fiscal year ending March 31, 2026, at a Board of Directors meeting held today.
• The year-end dividend per share is set at ¥60.00, comprising ¥30.00 ordinary dividend and ¥30.00 special dividend. This is an increase from the previous forecast of ¥25.00 per share, announced on May 9, 2025.
• The total dividend amount is ¥741 million, which is an increase compared to the ¥311 million recorded for the previous fiscal year ended March 2025.
• The dividend record date is March 31, 2026, with an effective date of June 29, 2026. This dividend is subject to formal approval at the 153rd Ordinary General Meeting of Shareholders scheduled for June 26, 2026.
• The dividend will be sourced from retained earnings, with the decision attributed to the company’s performance for the fiscal year ended March 2026, leading to a ¥5 increase from the previous forecast and an additional ¥30 special dividend.

* Kuribayashi Shosen’s latest dividend announcement represents a substantial increase from its prior forecast, notably including a special dividend alongside the ordinary dividend.

* The company’s stated policy emphasizes strengthening its financial base and securing internal reserves, which are designated for investments in vessels and facility maintenance in its shipping business.

* This decision, informed by the performance for the fiscal year ending March 2026, could be seen as aligning the company’s capital allocation strategy with its shareholder return policy.

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

• MTI Co., Ltd. has announced its consolidated financial results for the second quarter (interim period: October 1, 2025 – March 31, 2026) of the fiscal year ending September 2026.
• During this period, net sales were ¥15,666 million (+5.2% year-on-year), operating profit was ¥1,679 million (+2.4% year-on-year), ordinary profit was ¥2,063 million (+19.9% year-on-year), and net income attributable to owners of parent was ¥1,863 million (+6.1% year-on-year).
• By segment, Healthcare business sales increased to ¥3,927 million (+24.5% year-on-year), and School DX business sales expanded to ¥1,148 million (+27.0% year-on-year).
• The Content business’s operating profit significantly rose to ¥2,240 million (+13.2% year-on-year) due to a reduction in selling, general and administrative expenses through cost control.
• The forecasted annual dividend for the fiscal year ending September 2026 remains unchanged at ¥20.00 per share, comprising an interim dividend of ¥10.00 and a year-end dividend of ¥10.00.

MTI’s interim results highlight significant sales growth driven by its Healthcare and School DX segments, indicating successful expansion in these strategic areas. The Content business, despite the impact of a subsidiary divestiture, improved operating profit through cost management, suggesting effective adaptation to portfolio changes. The substantial increase in ordinary profit, partly due to a rise in equity-method investment income, could be a key factor in the company’s overall profitability.

• For the first quarter of fiscal year 2026 (January 1 to March 31, 2026), Bellpark reported consolidated net sales of JPY 36,215 million (up 5.7% year-on-year), operating profit of JPY 2,732 million (up 11.3%), ordinary profit of JPY 2,809 million (up 11.3%), and net profit attributable to owners of parent of JPY 1,910 million (up 11.0%). Basic earnings per share for the quarter were JPY 156.05.
• As of the end of the period, consolidated total assets stood at JPY 48,529 million, net assets at JPY 28,059 million, and the equity ratio was 57.8%.
• The consolidated full-year forecast for fiscal year 2026 remains unrevised from the latest public announcement, projecting net sales of JPY 120,000 million (down 7.2% year-on-year), operating profit of JPY 5,000 million (down 15.0%), ordinary profit of JPY 5,200 million (down 13.6%), and net profit attributable to owners of parent of JPY 3,300 million (down 20.1%).
• While the cumulative performance for the first quarter exceeded the previously announced forecast for the second quarter cumulative period, the company has not revised its full-year earnings forecast at this time, citing uncertainties in the mobile phone sales environment from April 2026 onwards.
• As of March 31, 2026, the Bellpark Group operated 318 carrier shops (262 directly managed stores and 56 franchise stores). This represents a decrease of 4 directly managed stores and 1 franchise store compared to December 31, 2025.

• Bellpark’s first quarter of fiscal year 2026 demonstrated robust growth across sales and all profit metrics, marking a strong start to the fiscal year.
• Despite this strong Q1 performance surpassing the cumulative Q2 forecast, the full-year outlook remains unchanged, which may suggest a cautious stance regarding the future mobile phone sales market conditions.
• The company’s focus on bundled sales of mobile devices with lines, optical lines, and credit cards, alongside the expansion of its corporate solutions business, could be key areas to monitor for their impact on performance amidst ongoing market challenges like intensified handset discount regulations and longer replacement cycles.

• Poval Kogyo announced on May 12, 2026, revisions to its consolidated earnings forecast and dividend forecast for the full fiscal year ending March 31, 2026.
• The revised consolidated operating profit for FY2026 is projected to be JPY 421 million, a 31.6% increase from the previous forecast of JPY 320 million. Net profit attributable to owners of parent is expected to rise by 77.3%, from JPY 210 million to JPY 372 million.
• Net sales were revised slightly downwards by JPY 5 million (0.1%) from the previous forecast of JPY 3,610 million to JPY 3,605 million, despite strong performance in synthetic adhesive resin processing and special design machinery businesses.
• The primary reason for the upward revision in profits is attributed to cost reduction efforts, including improved material yield and production process enhancements.
• The year-end dividend forecast for FY2026 has been revised upward by JPY 2.00 to JPY 21.50 per share from the previously projected JPY 19.50, reflecting the revised earnings forecast and bringing the total annual dividend to JPY 41.00.

While net sales saw a slight decrease, the significant improvement in operating profit due to cost reduction efforts is noteworthy. This led to a substantial increase in net profit attributable to owners of parent and subsequently supported the upward revision of the dividend forecast. Such performance suggests that the company’s initiatives to enhance profitability may have been effective.

• G-Jenoba Co., Ltd. announced its non-consolidated financial results for the second quarter (interim period) of the fiscal year ending September 2026 (October 1, 2025 – March 31, 2026).
• For the interim period, net sales were ¥715 million (up 4.8% year-on-year), operating profit was ¥406 million (up 3.3%), ordinary profit was ¥415 million (up 4.3%), and net profit for the period was ¥287 million (up 4.2%).
• As of the end of the interim period, total assets stood at ¥3,937 million, net assets at ¥3,530 million, and the equity ratio was 89.6%.
• The full-year forecast for the fiscal year ending September 2026 projects net sales of ¥1,433 million (up 4.8% year-on-year) and net profit of ¥543 million (up 0.3% year-on-year), with no revisions from the most recently announced forecast.
• The projected year-end dividend for the fiscal year ending September 2026 is ¥7.00 per share, with no revisions from the most recently announced dividend forecast.

The interim results indicate a stable performance with increases in sales and various profit metrics. The high equity ratio of 89.6% may suggest robust financial health. With no revisions to the full-year earnings or dividend forecasts, it could be seen that the company expects its operations to proceed as planned for the fiscal year.

• For the consolidated fiscal year ended March 31, 2026, Yakult Honsha Co., Ltd. reported net sales of ¥486,425 million (down 2.7% year-on-year), operating profit of ¥45,185 million (down 18.4%), ordinary profit of ¥61,084 million (down 19.5%), and profit attributable to owners of parent of ¥44,228 million (down 2.9%).
• Earnings per share for the fiscal year ended March 31, 2026, were ¥150.72.
• The annual dividend for the fiscal year ended March 31, 2026, was set at ¥70.00, comprising a ¥33.00 ordinary dividend and a ¥4.00 commemorative dividend, an increase from ¥64.00 in the previous period.
• The consolidated earnings forecast for the fiscal year ending March 31, 2027, projects net sales of ¥527,000 million (up 8.3% year-on-year), operating profit of ¥44,000 million (down 2.6%), ordinary profit of ¥57,500 million (down 5.9%), and profit attributable to owners of parent of ¥46,500 million (up 5.1%).
• The company forecasts an annual dividend of ¥72.00 for the fiscal year ending March 31, 2027.

While the fiscal year 2026/3 saw a decline in both revenue and profits, the company’s forecast for fiscal year 2027/3 indicates an expected recovery in revenue and an increase in profit attributable to owners of parent, which may attract investor attention. The increase in annual dividend for fiscal year 2026/3 and the further projected increase for fiscal year 2027/3 could signal the company’s commitment to shareholder returns. The consolidated equity ratio remained stable at 66.4%, suggesting a consistent financial foundation.

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

• MIRAIIT ONE Co., Ltd. announced that it has entered into an absorption-type merger agreement with its wholly-owned subsidiary, MIRAIIT ONE SYSTEMS Co., Ltd., effective May 12, 2026, based on a resolution of its Board of Directors.
• MIRAIIT ONE will be the surviving company, and MIRAIIT ONE SYSTEMS will be dissolved in this absorption-type merger.
• The effective date of the merger is scheduled for October 1, 2026.
• The merger aims to integrate MIRAIIT ONE SYSTEMS’ business to accelerate digital utilization in existing operations, enhance on-site processes and productivity, and develop high-value-added services through the combination of hardware and software, thereby expanding the entire group’s business.
• As MIRAIIT ONE SYSTEMS is a wholly-owned subsidiary, no shares will be issued, and no cash will be delivered in connection with this simplified absorption merger. The impact on MIRAIIT ONE’s consolidated financial results is expected to be minor.

This merger appears to be a strategic move by MIRAIIT ONE to directly integrate its subsidiary’s system development and IT infrastructure capabilities, potentially strengthening the group’s overall digital transformation (DX) initiatives. By consolidating these functions, the parent company may aim to foster closer collaboration between hardware and software offerings, which could lead to enhanced operational efficiency and the creation of new services. This internal restructuring suggests an effort to bolster the group’s value proposition in an evolving competitive landscape.

• Moriya Shokai Co., Ltd. announced on May 12, 2026, that its Board of Directors resolved to revise the dividend forecast for the fiscal year ending March 2026.
• The year-end dividend forecast for FY2026 has been revised from the previously announced JPY 150.00 per share (ordinary dividend JPY 120.00, commemorative dividend JPY 30.00) on October 31, 2025, to JPY 180.00 per share (ordinary dividend JPY 150.00, commemorative dividend JPY 30.00).
• Consequently, the total annual dividend is increased from the previous forecast of JPY 150.00 to the revised forecast of JPY 180.00.
• The revision is attributed to the company’s new medium-term management plan for FY2026-FY2028, which emphasizes stable and substantial profit distribution and targets a dividend payout ratio of 30% or more by FY2028.
• This dividend revision is scheduled to be proposed at the 72nd Ordinary General Meeting of Shareholders, expected to be held in June 2026. The stated annual dividend figures are prior to the 5-for-1 stock split implemented on April 1, 2026.

• This revised dividend forecast may suggest a strengthened commitment to shareholder returns, aligning with the newly unveiled medium-term management plan.
• The company’s emphasis on achieving a dividend payout ratio of 30% or more by FY2028 and improving PBR could indicate a proactive stance towards enhancing corporate value.
• Investors might view the upward revision, based on comprehensive consideration of financial performance and condition, as a positive signal regarding the company’s confidence and shareholder-friendly policy.

• Palma Inc. announced its non-consolidated financial results for the second quarter of the fiscal year ending September 2026 on May 12, 2026.
• For the six months ended March 31, 2026, consolidated cumulative results show net sales of JPY 1,070 million (up 2.5% year-on-year), operating profit of JPY 58 million (up 116.9%), ordinary profit of JPY 99 million (up 90.4%), and net profit attributable to owners of parent of JPY 63 million (up 91.5%).
• In the Business Solution Services segment, net sales reached JPY 765,618 thousand (up 7.0% year-on-year), with an operating profit of JPY 264,429 thousand (up 10.7%). The outstanding balance of rental debt guarantee BPO services stood at 140,813 cases (up 4.0% from the previous fiscal year-end).
• The Turnkey Solution Services segment reported net sales of JPY 305,244 thousand (down 7.3% year-on-year) and an operating loss of JPY 110,415 thousand (compared to an operating loss of JPY 119,888 thousand in the prior year). The “Key Pit Ikegami Kugahara” indoor self-storage facility, co-developed with Mitsubishi Estate Co., Ltd., commenced operations in March 2026.
• The full-year earnings targets for the fiscal year ending September 2026 remain unrevised, with an operating profit of JPY 370 million (up 150.7% year-on-year), ordinary profit of JPY 350 million (up 87.1%), and net profit of JPY 210 million (up 71.4%).

Palma’s Q2 FY2026 results demonstrate significant growth in operating, ordinary, and net profits, despite only a modest increase in net sales. This performance appears to be primarily driven by the robust expansion of its Business Solution Services segment. While the Turnkey Solution Services segment experienced a decline in sales, the reduction in its operating loss compared to the prior year could indicate a potential improvement in its operational efficiency.

• Elitz Holdings announced its consolidated financial results for the second quarter (interim period: October 1, 2025 – March 31, 2026) of the fiscal year ending September 2026.
• Consolidated net sales reached ¥3,526 million (up 8.2% year-on-year), operating profit was ¥590 million (up 16.1%), ordinary profit was ¥586 million (up 16.4%), and net profit attributable to owners of parent was ¥389 million (up 18.4%).
• Regarding the financial position, as of March 31, 2026, total assets were ¥10,126 million, net assets were ¥5,533 million, and the equity ratio was 54.6%.
• By segment, the Real Estate Management business reported net sales of ¥1,329 million (up 14.6% year-on-year) and segment profit of ¥237 million (up 15.9%). The Resident Support business reported net sales of ¥431 million (up 15.1%) and segment profit of ¥254 million (up 19.4%). The Real Estate Brokerage business reported net sales of ¥1,766 million (up 2.4%) but a segment profit of ¥263 million (down 10.2%).
• The consolidated full-year earnings forecast and the annual dividend forecast (¥70.00 per share at fiscal year-end) for the fiscal year ending September 2026 remain unchanged from the most recently announced figures.

• Oiles Corporation announced its Supplementary Material on Financial Results for the fiscal year ended March 2026 on May 12, 2026.
• For the fiscal year ended March 2026, consolidated net sales increased by 2.0% year-on-year to ¥68,964 million, and consolidated operating profit increased by 0.2% year-on-year to ¥6,958 million.
• Net income attributable to owners of the parent decreased by 20.6% year-on-year, reaching ¥5,009 million.
• The consolidated forecast for the fiscal year ending March 2027 projects net sales of ¥72,300 million (a 4.8% increase from FY2026/3) and operating profit of ¥7,150 million (a 2.8% increase). Net income attributable to owners of the parent is projected at ¥5,050 million (a 0.8% increase).
• The annual dividend per share for the fiscal year ending March 2027 is planned to be ¥95, an increase of ¥10 from the ¥85 recorded in the fiscal year ended March 2026.

While Oiles Corporation achieved increased sales and operating profit in FY2026/3, net income declined, which may suggest an impact from extraordinary gains in the previous period. For FY2027/3, the company forecasts continued growth in both sales and operating profit, along with an increase in the annual dividend per share, indicating a positive outlook. The projected growth in sales and operating profit for the automotive bearing equipment segment could be a key driver for the overall performance, and its progression will be worth monitoring.

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

• For the first quarter of the fiscal year ending December 2026 (January 1, 2026 – March 31, 2026), net sales increased by 7.0% year-on-year to ¥11,224 million.
• During the same period, operating profit declined by 2.9% to ¥1,496 million, ordinary profit by 1.1% to ¥1,518 million, and quarterly net profit by 1.0% to ¥1,003 million.
• As of the end of the first quarter, total assets stood at ¥92,841 million and net assets at ¥69,992 million, with a capital adequacy ratio of 75.4%.
• The full-year earnings forecast and annual dividend forecast (¥60.00) for the fiscal year ending December 2026 remain unchanged from the most recently announced figures.
• The company stated that sales are trending upwards due to the recovery of inbound demand and higher customer spending in the restaurant industry, while the business environment remains challenging due to persistent labor shortages and consumer frugality driven by inflation.

While first-quarter sales showed year-on-year growth, the decline in operating, ordinary, and net profits suggests that factors such as intensified competition and rising raw material prices, as mentioned in the IR, may be impacting profitability. However, the company has maintained its full-year earnings forecast, which could indicate an expectation of performance recovery or stability in subsequent quarters. Investors may find it worthwhile to observe how the company navigates these competitive and cost pressures moving forward.

• Fulltech Corporation announced its consolidated financial results for the first quarter of the fiscal year ending December 2026 (January 1 to March 31, 2026).
• Consolidated net sales were ¥3,622 million (down 1.1% year-on-year), operating profit was ¥124 million (down 57.9%), ordinary profit was ¥163 million (down 49.5%), and profit attributable to owners of parent was ¥77 million (down 66.1%).
• Key factors contributing to the decline in profit include a decrease in gross profit due to lower sales in the fittings-related business, and increased expenses such as personnel costs and depreciation associated with the new core system. An extraordinary loss of ¥53 million due to a fire at the Utsunomiya branch was also recorded as “disaster loss.”
• By segment, the Automatic Door segment reported sales of ¥2,266 million (up 0.6%) with segment profit of ¥520 million (down 8.5%). The Fittings segment recorded sales of ¥1,075 million (down 9.4%) with segment profit of ¥83 million (down 54.0%).
• The full-year consolidated earnings forecast for the fiscal year ending December 2026 remains unchanged from the most recently announced figures: net sales of ¥14,000 million (up 3.2% year-on-year), operating profit of ¥600 million (up 31.6%), and profit attributable to owners of parent of ¥400 million (up 60.0%).

The first quarter saw a significant decline in profit, largely influenced by the ¥53 million disaster loss from the Utsunomiya branch fire, which the company states is already incorporated into the full-year earnings forecast. The unchanged full-year forecast could suggest the company’s expectation of recovery in subsequent quarters. While the core Automatic Door segment saw increased sales, its profit declined, and the Fittings segment experienced both decreased sales and profit, indicating that shifts in revenue composition and cost structure may be worth monitoring.

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

• IHI Corporation announced on May 12, 2026, a partial correction to its “FY2025 (March 2026) Financial Results Presentation Material (IFRS).”
• This correction addresses an error found in the content of the same presentation material originally released on May 8, 2026.
• The specific correction relates to page 44 of the financial results presentation material.
• The corrected version of the material is available on IHI’s official website (https://www.ihi.co.jp/ir/).

Corrections to financial results presentation materials can be significant for investors assessing a company’s information. While this correction pertains to a specific page, reviewing the revised document is advisable for informed decision-making. Such prompt correction efforts may also be viewed as a demonstration of the company’s commitment to maintaining transparency in its disclosures.

• For the fiscal year ended March 31, 2026, Hyakujushi Bank reported consolidated ordinary revenues of ¥108,556 million (up 20.6% year-on-year), ordinary profit of ¥29,135 million (up 46.3% year-on-year), and net profit attributable to parent company of ¥18,857 million (up 37.6% year-on-year).
• As of March 31, 2026, consolidated total assets stood at ¥5,845,803 million, consolidated net assets at ¥384,426 million, and the equity ratio at 6.6%.
• The annual dividend for FY2026/3 was ¥234.00 (interim ¥108.00, year-end ¥126.00), with total dividends amounting to ¥6,654 million and a payout ratio of 35.2%.
• The bank executed a stock split on April 1, 2026, where one common share was divided into four shares.
• For the fiscal year ending March 31, 2027, the bank forecasts consolidated ordinary revenues of ¥116,500 million (up 7.3% year-on-year), ordinary profit of ¥33,000 million (up 13.3% year-on-year), and net profit attributable to parent company of ¥21,000 million (up 11.4% year-on-year).

The significant double-digit growth across key financial indicators for FY2026/3 suggests a strong operational performance. The announced increase in the annual dividend payment may indicate a commitment to shareholder returns. Furthermore, the stock split implemented could aim to lower the investment unit price, potentially making the shares more accessible to a broader range of investors.

• Umios Co., Ltd. (Code: 1333) announced a partial correction to its “FY2026 March Earnings Supplementary Material” on May 12, 2026.
• The correction was made due to errors in quantitative information and the QR code within the material, caused by insufficient confirmation during its preparation, which was originally disclosed on May 11, 2026.
• The correction includes two points: (1) The profit increase plan on page 16 has been revised from the original “900 million JPY increase” to the corrected “800 million JPY increase.” (2) The link destination for the QR code on page 21 has been updated.
• The corrected “FY2026 March Earnings Supplementary Material,” with highlighted changes, has been published on the company’s official website.

This correction stems from an oversight during the preparation of the earnings supplementary material. The revision of the projected profit increase could be a point of interest for investors evaluating the company’s future outlook. Ensuring the accuracy and timeliness of information disclosure is generally regarded as crucial for maintaining market trust. The prompt publication of the corrected material may suggest the company’s commitment to information transparency.

• LibWork Co., Ltd. reported consolidated net sales of ¥9,506 million for the third quarter of fiscal year 2026 (July 1, 2025 – March 31, 2026), marking a 16.5% decrease compared to the same period last year.
• During this period, the company recorded a consolidated operating loss of ¥114 million, an ordinary loss of ¥303 million, and a net loss attributable to owners of parent of ¥267 million.
• As of March 31, 2026, total consolidated assets stood at ¥13,563 million, net assets at ¥4,346 million, and the equity ratio was 32.0%.
• The consolidated full-year earnings forecast for fiscal year 2026 and the annual dividend forecast of ¥6.40 per share remain unchanged from the most recently published figures.
• The company indicated that increased workload due to compliance with revised building standards law led to delays in construction progress and delivery dates for some projects, impacting revenue recognition during the third quarter cumulative period.

LibWork reported a decline in revenue and operating losses for the third quarter, with the financial results partly attributed to project delays impacting revenue recognition. While the full-year earnings and dividend forecasts were maintained, the effect of revised building codes on operational timelines is a point of interest. Investors may observe how these challenges influence the company’s performance in the upcoming periods.

• LIFULL announced its consolidated financial results for the second quarter (interim period, October 1, 2025 – March 31, 2026) of the fiscal year ending September 2026.
• Revenue from continuing operations increased by 4.3% year-on-year to ¥14,901 million, and operating profit rose by 28.5% to ¥2,344 million.
• Profit attributable to owners of the parent decreased by 58.5% year-on-year to ¥1,544 million. This decrease is primarily due to the ¥2,990 million profit from discontinued operations recorded in the same period of the previous year. Profit from continuing operations was ¥1,533 million (compared to ¥734 million in the previous interim period).
• The full-year consolidated earnings forecast (revenue ¥29,700 million, operating profit ¥3,000 million, profit attributable to owners of the parent ¥1,900 million) remains unchanged from the most recently announced figures.
• The projected year-end dividend for the fiscal year ending September 2026 is ¥5.21 per share (total annual dividend of ¥5.21), with no revisions to the dividend forecast.

LIFULL’s interim results for FY2026 indicate robust growth in revenue and operating profit within its continuing operations, suggesting a healthy underlying business performance. The significant decline in net profit attributable to owners of the parent is largely attributable to the absence of a substantial one-off gain from discontinued overseas operations reported in the prior year. Investors may find it worthwhile to monitor the continued performance of the core business and its alignment with the unchanged full-year forecasts.

• For the third quarter of fiscal year 2026 (July 1, 2025 – March 31, 2026), consolidated revenue was JPY 125,269 million, representing a 14.7% decrease year-on-year.
• During the same period, operating profit increased by 6.0% to JPY 13,679 million, and profit attributable to owners of the parent grew by 11.2% to JPY 9,713 million.
• The gross profit margin improved by 3.0 percentage points year-on-year to 27.7%.
• Three new companies, A7 Holdings Inc., A7 Plus Inc., and E-TEC Inc., were newly included in the scope of consolidation.
• The full-year consolidated earnings forecast for fiscal year 2026 and the annual dividend forecast of JPY 85.00 per share remain unchanged from the most recently announced figures.

Despite a decline in revenue attributed to the sale of the UK business, the company managed to achieve an increase in operating profit and profit attributable to owners of the parent. This suggests that an improved gross profit margin and effective cost management, such as controlled hiring expenses, played a key role in boosting profitability. The inclusion of new subsidiaries and the revised segment classification could also be factors influencing the company’s financial structure and performance going forward.

• For the first quarter of fiscal year 2026 (January 1 to March 31, 2026), consolidated net sales increased by 8.8% year-on-year to ¥17,235 million.
• Consolidated ordinary profit surged by 101.0% year-on-year to ¥1,069 million, and net profit attributable to parent company shareholders increased by 203.3% to ¥836 million.
• Consolidated operating profit decreased by 7.7% year-on-year to ¥1,200 million. However, a shift from a foreign exchange loss of ¥560 million in the prior year’s corresponding period to a foreign exchange gain of ¥140 million in the current period contributed significantly to ordinary profit.
• By segment, the Hotel Business reported sales of ¥8,405 million (up 25.5% YoY) and segment profit of ¥947 million (up 21.2% YoY). The Wedding Business reported sales of ¥8,099 million (down 3.7% YoY) and segment profit of ¥805 million (down 17.8% YoY).
• The full-year consolidated earnings forecast for fiscal year 2026 and the annual dividend forecast of ¥14.00 remain unchanged.

The robust increase in net sales, particularly driven by the Hotel Business, suggests a positive operational performance in that segment. The substantial rise in ordinary and net profits despite a decline in operating profit appears to be largely influenced by a favorable swing in foreign exchange gains and losses compared to the previous year. While the Wedding Business experienced a decrease in performance due to facility closures and renovations, the mention of recovering ceremony unit prices indicates a potential for future stabilization in this segment, which investors may wish to monitor.

• For the cumulative third quarter of fiscal year 2026 (July 1, 2025 – March 31, 2026), Temairazu reported net sales of JPY 1,790 million (up 9.8% year-on-year), operating profit of JPY 1,280 million (up 6.6%), ordinary profit of JPY 1,296 million (up 7.3%), and quarterly net profit of JPY 865 million (up 7.1%).
• The Application Service business observed a recovery in domestic and international accommodation demand, leading to enhanced features for the ‘TEMAIRAZU’ series of reservation site controllers and strengthened partnerships with booking platforms.
• New collaborations were initiated with various domestic and international travel booking platforms, including ‘KKday,’ ‘NEWT,’ ‘Rakutoo with,’ Agoda, and HKTV Booking.
• The full-year forecast for FY2026 remains unchanged, projecting net sales of JPY 2,365 million (up 8.2% YoY), operating profit of JPY 1,640 million (up 1.9% YoY), ordinary profit of JPY 1,654 million (up 2.1% YoY), and full-year net profit of JPY 1,108 million (up 3.8% YoY).
• The annual dividend forecast for FY2026 is JPY 40.00 (interim JPY 16.00, year-end JPY 24.00), with no revisions from previous announcements.

Temairazu’s performance in Q3 FY2026 demonstrates robust growth, primarily driven by the recovery in accommodation demand and strategic enhancements to its core application services. The expansion of partnerships with major booking platforms suggests a proactive approach to improving efficiency and sales channels for accommodation providers. With full-year and dividend forecasts remaining unchanged, the company’s performance appears to be progressing in line with initial expectations, which could be a point of stability for investors to observe.

• Translation Center announced a year-end dividend of ¥140.00 per share for the fiscal year ended March 31, 2026. This represents an increase from the most recent forecast of ¥75.00 and the previous fiscal year’s actual dividend of ¥75.00.
• The company projects a dividend of ¥140.00 per share for the fiscal year ending March 31, 2027.
• Its shareholder return policy has been revised, setting new targets of “Dividend on Equity (DOE) of 6% or more” and “Total Return Ratio of 100% or more” for its mid-term business plan covering FY2026/3 through FY2028/3.
• This new shareholder return policy will be applied starting with the year-end dividend for the fiscal year ended March 31, 2026.
• The decision on the FY2026/3 dividend is subject to approval at the 40th Ordinary General Meeting of Shareholders scheduled for June 25, 2026, and the FY2027/3 dividend forecast will be presented at the 41st Ordinary General Meeting of Shareholders in June 2027.

This announcement may suggest Translation Center’s commitment to enhancing shareholder returns and improving capital efficiency. The introduction of specific numerical targets for Dividend on Equity (DOE) and Total Return Ratio within its mid-term management plan could be seen as a notable commitment to future shareholder returns. Investors may view this as an indication of a more stable or aggressive approach to shareholder value creation.

• Oenon Holdings Co., Ltd. announced its consolidated results for the first quarter of the fiscal year ending December 2026 (January 1, 2026, to March 31, 2026), reporting net sales of JPY 21,266 million (up 9.5% year-on-year) and operating profit of JPY 1,267 million (up 81.9% year-on-year).
• Ordinary profit reached JPY 1,312 million (up 83.5% year-on-year), and profit attributable to owners of parent was JPY 940 million (up 75.2% year-on-year), with basic earnings per share at JPY 16.69.
• By segment, the alcoholic beverages business recorded net sales of JPY 19,407 million (up 8.5% year-on-year) and operating profit of JPY 635 million (up 167.4% year-on-year). The enzyme pharmaceuticals business also performed strongly with net sales of JPY 1,504 million (up 26.8% year-on-year) and operating profit of JPY 430 million (up 64.8% year-on-year).
• Regarding financial position, total assets at the end of the first quarter were JPY 54,638 million (down JPY 4,597 million from the end of the previous fiscal year), net assets were JPY 27,431 million (up JPY 455 million), and the equity ratio was 48.8%.
• The full-year consolidated earnings forecast (net sales of JPY 89,000 million, operating profit of JPY 3,950 million, etc.) remains unchanged from the announcement made on February 10, 2026.

Oenon Holdings’ first quarter results for the fiscal year ending December 2026 show significant year-on-year increases in net sales and all profit categories. This strong performance appears to be driven by robust results in both the alcoholic beverages and enzyme pharmaceuticals segments. Given that the full-year earnings forecast remains unchanged from the initial announcement, the company’s performance in subsequent quarters will be worth monitoring.

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

• Fuji Oil Co., Ltd. has announced its consolidated financial results for the fiscal year ended March 31, 2026.
• Consolidated net sales for FY2026 reached ¥772,288 million (up 15.1% year-on-year), and profit attributable to owners of the parent was ¥11,142 million (up 188.4% year-on-year).
• Business profit was ¥36,048 million (up 171.8% year-on-year), operating profit was ¥29,822 million (up 159.1% year-on-year), and profit before tax was ¥23,430 million (up 239.5% year-on-year).
• The annual dividend for FY2026 is ¥52.00 per share (interim ¥26.00, year-end ¥26.00), which is unchanged from the previous fiscal year.
• For FY2027, the company forecasts consolidated net sales of ¥754,000 million (down 2.4% year-on-year), profit attributable to owners of the parent of ¥19,500 million (up 75.0% year-on-year), and an annual dividend of ¥62.00 per share (interim ¥31.00, year-end ¥31.00).
• The company voluntarily adopted International Financial Reporting Standards (IFRS) from the first quarter of FY2026, with prior year figures restated to IFRS basis.

The significant increase in both sales and profit for FY2026, with attributable profit almost tripling, suggests a strong operational performance during the period. The FY2027 forecast indicates continued robust profit growth despite a slight dip in projected sales, which could point to an improving profit structure. The announced dividend increase for FY2027 may also signal a positive outlook on shareholder returns.

• Takachiho Koheki Co., Ltd. announced its full-year financial results for the fiscal year ended March 2026, reporting net sales of JPY 29.51 billion (up 5.0% year-on-year) and ordinary profit of JPY 2.408 billion (up 20.1% year-on-year), marking a record high for ordinary profit.
• Net profit attributable to owners of parent was JPY 1.415 billion (down 2.9% year-on-year), attributed to the recording of valuation losses on investment securities.
• By segment, the Business Security division achieved increased sales and profits, with net sales of JPY 15.152 billion (up 10.5% year-on-year) and operating profit of JPY 1.402 billion (up 21.6% year-on-year). The Electromechanics division reported net sales of JPY 14.358 billion (down 0.2% year-on-year) and operating profit of JPY 695 million (down 24.9% year-on-year).
• For the fiscal year ending March 2027, the company projects net sales of JPY 32.0 billion, operating profit of JPY 2.35 billion, and net profit of JPY 1.65 billion, with both operating profit and net profit expected to reach record highs.
• The annual dividend per share for FY2026 was JPY 76.0. A progressive dividend policy will be introduced from FY2027, with the annual dividend per share planned to remain at JPY 76.0.

The FY2026 results indicate that ordinary profit reached an all-time high, primarily driven by the strong performance of the Business Security segment. However, the decline in net profit attributable to owners of parent due to valuation losses on investment securities may warrant closer attention. The company’s FY2027 forecast, which includes projected record-high operating and net profits along with the adoption of a progressive dividend policy, could suggest a focus on sustained growth and shareholder returns.

• Alpen Co., Ltd. announced its consolidated financial results for the third quarter of the fiscal year ending June 2026 (July 1, 2025, to March 31, 2026).
• Consolidated net sales reached ¥207,139 million, marking a 5.7% increase compared to the same period in the previous year.
• However, operating profit decreased by 24.1% to ¥4,466 million, ordinary profit fell by 23.1% to ¥5,557 million, and net profit attributable to owners of the parent decreased by 19.7% to ¥3,611 million.
• During the cumulative third quarter, Alpen opened 7 sports-related stores and 3 golf-related stores, while closing 1 sports-related store and 1 golf-related store, resulting in a total of 410 stores as of March 31, 2026.
• The consolidated full-year forecast for fiscal year ending June 2026 remains unchanged, projecting net sales of ¥282,000 million (up 5.0% year-on-year) and operating profit of ¥9,000 million (up 5.7% year-on-year).

Despite an increase in sales, the decline in profits is a key point for investors to consider. This trend may suggest impacts from lower gross profit margins due to strategies addressing consumer cost-consciousness and winter inventory clear-outs caused by a warm winter, coupled with rising labor and other operational expenses, as well as costs associated with new store openings and existing store renovations. The current profit progression against the full-year forecast could be a significant factor in evaluating the company’s future performance.

• KICHIRI Holdings Co., Ltd. announced its consolidated financial results for the third quarter of the fiscal year ending June 2026 (July 1, 2025, to March 31, 2026).
• Consolidated net sales reached JPY 12,614 million, an 11.7% increase year-on-year. However, operating profit decreased by 3.3% to JPY 522 million, ordinary profit by 7.5% to JPY 481 million, and net profit attributable to parent company shareholders by 28.9% to JPY 225 million.
• By segment, the Dining Business reported sales of JPY 12,109 million (up 11.1% year-on-year) but an operating profit of JPY 320 million (down 20.4%). Conversely, the DX Consulting Business achieved sales of JPY 508 million (up 28.2%) and an operating profit of JPY 202 million (up 46.7%).
• The consolidated full-year forecast for FY2026 remains unchanged from the most recently announced forecast, projecting net sales of JPY 17,000 million, operating profit of JPY 750 million, ordinary profit of JPY 700 million, and net profit attributable to parent company shareholders of JPY 350 million.
• The company plans an annual dividend of JPY 7.50 per share for FY2026 (interim JPY 2.50, year-end JPY 5.00), with no revisions to the previously disclosed dividend forecast.

The growth in sales for both the Dining Business and the significant increase in both sales and profit for the DX Consulting Business suggest ongoing expansion across diverse operational areas. However, the decline in overall consolidated profit, potentially influenced by the decrease in operating profit within the primary Dining Business segment, warrants attention for future trends. With the full-year earnings forecast remaining unchanged, the company may anticipate recovery in the fourth quarter or has already factored the current profit levels into its projections.

• Medius Holdings reported consolidated net sales of ¥227,680 million for the third quarter of fiscal year 2026 (July 1, 2025 to March 31, 2026), a 3.7% increase compared to the same period in the previous year.
• However, operating profit for the period decreased by 5.1% to ¥1,923 million, ordinary profit by 4.8% to ¥2,294 million, and profit attributable to owners of parent by 6.5% to ¥1,282 million.
• The increase in sales was mainly driven by an increase in cases in the cardiovascular and orthopedic fields, new customer acquisition, and demand before price increases due to rising raw material costs.
• The decline in profit was attributed to an increase in personnel expenses associated with business expansion and higher logistics costs due to increased delivery unit prices and volumes.
• The consolidated full-year earnings forecast for fiscal year 2026 and the annual dividend forecast of ¥20.00 per share (total ¥20.00) remain unchanged from the latest publicly announced figures.

Medius Holdings demonstrated revenue growth primarily from its medical equipment sales business, while higher personnel and logistics costs appear to have impacted profitability. The unchanged full-year forecast suggests management believes current trends are within expectations or that offsetting factors are anticipated in the final quarter. Investors may monitor the balance between continued sales growth and cost management going forward.

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

• SHIP Healthcare Holdings reported consolidated net sales of ¥718,163 million (+5.9% YoY) for the fiscal year ended March 31, 2026. However, operating profit decreased by 1.2% to ¥24,482 million, and net profit attributable to parent company shareholders declined by 11.5% to ¥13,394 million.
• By segment, the Medical Supply Business (MSP) achieved increased revenue and profit, with net sales of ¥509,569 million (+7.3% YoY) and operating profit of ¥7,484 million (+7.4% YoY). This growth was supported by the steady performance of SPD facilities that commenced operations in the previous period and newly contracted facilities.
• The Total Pack Produce Business (TPP) saw net sales of ¥136,604 million (+2.6% YoY) but a 10.0% decrease in operating profit to ¥10,812 million. This was primarily due to the absence of senior condominium sales/completion projects present in the previous period, along with delays in material delivery for energy-saving related construction and rising component prices.
• The Pharmacy Business (PH) recorded net sales of ¥34,666 million (+3.6% YoY) and operating profit of ¥4,004 million (+16.9% YoY), driven by efficiency improvements from the integration of four companies and the participation of new stores.
• For the fiscal year ending March 31, 2027, the company projects consolidated net sales of ¥740,000 million (+3.0% YoY), operating profit of ¥26,000 million (+6.2% YoY), and net profit attributable to parent company shareholders of ¥16,000 million (+19.5% YoY).

In the fiscal year ended March 2026, while net sales increased, the decline in profit within the key TPP segment appears to have impacted consolidated operating and net profits. The solid growth in the MSP segment likely provided a buffer, but rising costs in the Life Care segment and issues related to project cycles and supply chains in the TPP segment seem to have pressured profitability. For the fiscal year ending March 2027, the company forecasts increases in both revenue and profit, suggesting that overcoming challenges and progress in growth strategies across businesses will be worth monitoring.

• Mullion Co., Ltd. reported its Q2 FY2026 (interim) financial results, with revenue of ¥787 million (up 1.7% year-on-year), operating profit of ¥181 million (up 12.2% YoY), ordinary profit of ¥73 million (up 7.9% YoY), and interim net profit of ¥49 million (up 6.1% YoY).
• As of the end of the interim period, total assets increased by ¥1,153 million from the previous fiscal year-end to ¥19,951 million. The equity ratio, however, decreased to 23.8% from 25.3% at the previous fiscal year-end.
• The forecast for the FY2026 annual dividend is ¥6.40 per share (including a regular dividend of ¥6.00 and a commemorative dividend of ¥0.40), with no revisions from the most recently announced forecast.
• The full-year earnings forecast remains unchanged, projecting revenue of ¥2,600 million (down 20.1% year-on-year), operating profit of ¥630 million (down 27.9% YoY), and net profit of ¥240 million (down 47.7% YoY).
• In business segments, real estate leasing services generated ¥563 million in revenue (down 5.1% year-on-year), while real estate securitization services generated ¥177 million (up 3.5% YoY). There were no property sales in real estate trading, but two apartment buildings were acquired during the period.

• Mullion achieved revenue and profit growth in Q2 FY2026, but the unchanged full-year forecast anticipates a decline, which may suggest expected challenges in the latter half of the fiscal year or a higher comparison base.
• While total assets increased, the decline in the equity ratio indicates an increase in liabilities, which could be a point of interest for investors assessing financial leverage.
• The company’s strategy of acquiring new apartment buildings without property sales in the real estate trading segment during the interim period could indicate a focus on expanding its asset base, potentially impacting future revenue streams and asset composition.

• For the first quarter of fiscal year 2026 (January 1 to March 31, 2026), SoftMAX reported net sales of ¥2,295 million, a 70.5% increase compared to the same period last year.
• Operating profit for the quarter was ¥227 million (down 7.6% year-on-year), ordinary profit was ¥247 million (down 3.3% year-on-year), and quarterly net profit was ¥169 million (down 4.1% year-on-year).
• The company attributed the increased revenue and decreased profit to robust demand for new implementations and existing client replacements, alongside concentrated investment in strengthening personnel and developing new functions.
• Total assets stood at ¥8,866 million, net assets at ¥3,851 million, and the equity ratio was 43.4%.
• The full-year forecast for fiscal year 2026 remains unchanged, with projected net sales of ¥7,800 million (up 12.6% year-on-year) and operating profit of ¥800 million (up 8.0% year-on-year).

SoftMAX’s Q1 FY2026 results show significant top-line growth but a decline in profitability, suggesting a strategic investment phase focused on future growth, particularly in medical DX. This may indicate a company prioritizing market expansion and technological advancement, potentially at the expense of short-term profit margins. Investors might want to monitor how these investments translate into long-term gains and if the full-year targets remain achievable given the current expenditure trajectory.

• Zigexn Inc. (3679) reported consolidated results for the fiscal year ended March 2026, with revenue of JPY 29,221 million (+14.8% year-over-year), EBITDA of JPY 7,592 million (+7.2% YoY), operating profit of JPY 5,913 million (+4.5% YoY), and profit attributable to owners of parent of JPY 4,157 million (+7.3% YoY).
• The year-end dividend for the fiscal year ended March 2026 was JPY 11.00, bringing the total annual dividend to JPY 11.00 (compared to JPY 10.50 in the prior year).
• For the fiscal year ending March 2027, the company forecasts consolidated revenue of JPY 33,500 million (+14.6% YoY), operating profit of JPY 6,430 million (+8.8% YoY), and profit attributable to owners of parent of JPY 4,390 million (+5.6% YoY).
• The forecast for the annual dividend for the fiscal year ending March 2027 is JPY 13.50.
• During the fiscal year ended March 2026, three new companies were added to the scope of consolidation: AnyCareer Inc., Alpha Staff Co., Ltd., and Quantum Reservation Pte. Ltd.

Zigexn’s fiscal year 2026 results demonstrate robust growth in both revenue and profit attributable to owners of parent, suggesting continued business expansion. The company’s forecast for fiscal year 2027, which projects further increases in revenue and profit, coupled with an increased dividend forecast, may reflect management’s confidence in future business growth and shareholder returns. The addition of new companies to the consolidated scope could indicate strategic efforts to strengthen its business portfolio and explore new growth areas.

• Ad-Sol Nissin reported a record-high revenue of 17,151 million yen (up 10.9% year-on-year) and operating profit of 2,145 million yen (up 25.4% year-on-year) for the fiscal year ended March 2026, marking the third consecutive period of new records for both.
• Orders received also reached a record 17,560 million yen (up 14.2% year-on-year) for the third consecutive period, with the order backlog hitting a record 3,661 million yen (up 12.8% year-on-year) for a fourth quarter.
• Revenue for the Social Infrastructure segment was 11,183 million yen (up 14.9% year-on-year), and the Advanced Industry segment was 5,968 million yen (up 4.1% year-on-year). Within Social Infrastructure, the Transportation & Logistics sector saw significant growth of 54.0%, and within Advanced Industry, the Services sector increased by 15.2%.
• The company projects an annual dividend of 48 yen per share for the fiscal year ending March 2027, an increase of 2 yen from the previous year, which would mark the 17th consecutive year of dividend increases.
• Ad-Sol Nissin acquired 632,600 shares of its own stock on February 19, 2026, and subsequently cancelled 600,000 shares on March 31, 2026, representing 3.35% of the total outstanding shares before cancellation.

Ad-Sol Nissin’s FY2026/3 financial results demonstrate robust business expansion, with revenue, operating profit, and orders received all achieving new consecutive records. The strong performance in DX and modernization projects within the Social Infrastructure segment appears to be a key growth driver, while improved gross profit margins from higher-value projects likely contributed to enhanced profitability. Furthermore, the planned 17th consecutive dividend increase and the recent share buyback and cancellation initiatives could indicate a proactive stance towards shareholder returns.

• G-Fuller’s revenue for the nine months ended March 31, 2026 (Q3 FY2026) was ¥1,428 million, representing a 0.5% decrease compared to the same period in the prior year.
• Operating profit for the period was ¥41 million, marking a 77.6% decrease year-on-year.
• Ordinary profit stood at ¥88 million (52.2% decrease year-on-year), and net income for the quarter was ¥94 million (49.7% decrease year-on-year).
• The equity ratio at the end of the third quarter was 66.6%.
• The full-year earnings forecast for the fiscal year ending June 2026 remains unchanged from the announcement made on February 12, 2026.

While revenue remained largely flat, the substantial decline in operating profit may suggest the impact of increased labor costs from active recruitment of creative talent, along with higher selling, general, and administrative expenses, including IPO-related and IT tool costs. Non-operating income, primarily a subsidy from Niigata Prefecture, partially mitigated the decline in ordinary profit, though this income is noted as non-recurring. Given the unchanged full-year forecast, ongoing cost management efforts and the realization of expected revenue improvements from new client projects could be key areas for investors to monitor.

• Aucnet Inc. (3964) announced its consolidated financial results for the first quarter of the fiscal year ending December 2026 (January 1 to March 31, 2026), reporting net sales of ¥18,189 million (+13.8% year-on-year) and net profit attributable to owners of parent of ¥2,156 million (+7.2% year-on-year).
• The company revised its consolidated full-year earnings forecast for FY2026 upwards, projecting net sales of ¥72,000 million (+1.4% from previous forecast), operating profit of ¥11,500 million (+4.5% from previous forecast), and net profit attributable to owners of parent of ¥7,500 million (+7.1% from previous forecast).
• The annual dividend forecast for FY2026 has also been revised, with an expected dividend of ¥42.00 per share (post-stock split), marking a revision from the latest publicly announced forecast.
• A 2-for-1 stock split of common shares was implemented on April 1, 2026, and per-share indicators and dividend forecasts are stated after taking this stock split into account.
• Two new companies, yep Co., Ltd. and yet Company Limited, were added to the scope of consolidation during this consolidated first quarter.
• In the Lifestyle Products segment, the digital products business recorded a transaction value of ¥22,958 million (+22.3% year-on-year), and the fashion resale business (BtoB) achieved a transaction value of ¥14,705 million (+12.9% year-on-year), indicating growth in both operations.

• The first quarter results, showing increased revenue and profit, suggest a strong start to the fiscal year. The growth in transaction values within both the Digital Products and Fashion Resale businesses, key components of the Lifestyle Products segment, appears to be a significant contributor to overall performance.
• The upward revision of the full-year earnings and dividend forecasts likely reflects confidence in the current strong performance and future business prospects. Furthermore, the stock split effective April 1, 2026, may be aimed at lowering the investment unit price and broadening the company’s investor base.

• For the fiscal year ended March 31, 2026, consolidated revenue was ¥161.688 billion, representing a 0.2% decrease year-on-year.
• Operating profit shifted to a loss of ¥18.592 billion (compared to a profit of ¥9.428 billion in the prior period), and net income attributable to owners of the parent turned to a loss of ¥10.693 billion (compared to a profit of ¥7.800 billion in the prior period).
• These losses were attributed to impairment losses recorded for fixed assets related to the polyvinylidene fluoride (PVDF) resin business and manufacturing facilities for chronic renal failure drugs.
• For the fiscal year ending March 31, 2027, the company forecasts consolidated revenue of ¥172.000 billion (a 6.4% increase year-on-year) and net income attributable to owners of the parent of ¥7.500 billion.
• The annual dividend for FY2026/3 was ¥214.00, and for FY2027/3, a dividend of ¥216.00 per share is forecast, guided by a Dividend on Equity (DOE) of 5%.

Kureha’s FY2026/3 consolidated results showed a significant shift to operating and net losses, primarily due to substantial impairment losses on fixed assets in the PVDF resin business and chronic renal failure drug manufacturing facilities, despite a marginal decline in revenue. The company’s forecast for FY2027/3 indicates a projected recovery in both revenue and profits, suggesting an expected turnaround in business performance. Additionally, the substantial increase in the annual dividend and the adoption of a 5% DOE as a guideline for the upcoming fiscal year may signal a commitment to shareholder returns amidst the planned business adjustments.

• SEC Co. reported consolidated results for the fiscal year ended March 31, 2026, with net sales increasing by 9.0% year-on-year to ¥11,220 million and net profit rising by 12.3% to ¥1,509 million, achieving both higher revenues and profits.
• Cash flow from operating activities significantly improved to ¥1,697 million, reversing from a negative ¥250 million in the previous fiscal year.
• As of March 31, 2026, the company’s financial position showed total assets of ¥12,435 million, net assets of ¥10,313 million, and an equity ratio of 82.9%.
• Sales by business field showed significant growth in the Internet Business Field, reaching ¥1,784 million (up 33.5% year-on-year), and the Social Infrastructure System Business Field, reaching ¥5,537 million (up 11.3% year-on-year).
• For the fiscal year ending March 31, 2027, the company forecasts continued growth with net sales of ¥11,800 million (up 5.2% year-on-year) and net profit of ¥1,575 million (up 4.3% year-on-year), projecting an annual dividend of ¥62.00 (payout ratio 40.2%).

• The increase in revenue and profit for the period appears to be driven by rising demand in contactless IC and DX-related development for private enterprises, alongside robust performance in medical, environmental, and government-related development.
• The substantial improvement in operating cash flow and a high equity ratio may indicate a stable financial foundation and strong cash generation capabilities for the company.
• With a projected increase in earnings for the next fiscal year, sustained investment in growth sectors and efficient operational management could be key areas for investors to monitor.

• Kanematsu Engineering Co. Ltd. announced its non-consolidated financial results for the fiscal year ended March 31, 2026.
• For FY2026/3 (April 1, 2025 – March 31, 2026), net sales reached ¥14,097 million (up 6.0% year-on-year), operating profit ¥1,341 million (up 40.6%), ordinary profit ¥1,356 million (up 39.4%), and net profit ¥1,041 million (up 48.6%).
• The annual dividend for FY2026/3 was ¥74 per share (compared to ¥50 in the previous period), which includes a special dividend of ¥62.00.
• For FY2027/3 (April 1, 2026 – March 31, 2027), the company forecasts net sales of ¥13,000 million (down 7.8% year-on-year), operating profit of ¥940 million (down 29.9%), and net profit of ¥655 million (down 37.1%).
• The company expects an annual dividend of ¥45 per share (year-end) for FY2027/3, including a special dividend of ¥33.00.

Kanematsu Engineering achieved significant increases in sales and all profit categories for FY2026/3, driven by strong demand for core products and the normalization of material cost increases. Conversely, the company has provided a forecast for FY2027/3 that anticipates decreases in revenue and profit, which may lead investors to scrutinize the underlying business environment or strategic adjustments. While the annual dividend for FY2026/3, including a special dividend, increased, the projected dividend for the next fiscal year shows a reduction, suggesting that future dividend policies could be a point of interest.

• Na-DeX Co., Ltd. resolved at its Board of Directors meeting on May 12, 2026, to acquire all shares of Robofull Co., Ltd., making it a consolidated subsidiary.
• The estimated acquisition cost totals JPY 450 million, comprising JPY 445 million for Robofull shares and approximately JPY 4 million for advisory fees.
• Robofull specializes in the design, manufacturing, and sale of automation equipment centered on robots, showing high compatibility with Na-DeX’s FA business.
• The acquisition aims to establish a new business foundation in the growing logistics sector and strengthen the overall competitiveness of the FA business, aligning with Na-DeX Group’s mid-term management plan to expand into undeveloped and growth areas.
• Na-DeX will acquire 100.0% of Robofull’s voting rights, including common shares, Class A preferred shares, and Class A2 preferred shares, with the share transfer scheduled for May 31, 2026 (planned).

This acquisition appears to be a strategic move by Na-DeX to bolster its FA business and expand into the promising logistics industry, in line with its medium-to-long-term growth vision. The integration of Robofull’s expertise in robot system design and manufacturing with the Na-DeX Group’s resources could potentially generate significant synergies. However, Robofull has reported continuous losses over the past three fiscal years, making its post-acquisition performance and contribution to the group a key area for investors to monitor.

• Muto Seiko announced a dividend increase for the surplus dividend with a record date of March 31, 2026, resolved at its Board of Directors meeting on May 12, 2026.
• The year-end dividend per share for the fiscal year ending March 2026 will be ¥85.00, an increase from the previous forecast of ¥71.00 and the prior year’s actual of ¥74.50. The annual dividend will be ¥115.00 (interim ¥30.00, year-end ¥85.00).
• The company is changing its dividend policy from “dividend payout ratio of approximately 40%” to “Dividend on Equity (DOE) of 4.8% or more,” effective from the fiscal year ending March 2027.
• The new DOE formula is defined as “Total Annual Dividends ÷ Shareholder’s Equity at End of Previous Fiscal Year,” where Shareholder’s Equity is “Net Assets – Non-controlling Interests – Accumulated Other Comprehensive Income.”
• Based on this new DOE policy, the projected annual dividend for the fiscal year ending March 2027 is ¥117 (interim ¥58, year-end ¥59).

This announcement highlights both an increased dividend for FY2026 and a shift in dividend policy from the dividend payout ratio to DOE starting from FY2027. The introduction of DOE, based on shareholder equity while excluding volatile components, may suggest the company’s commitment to more stable and sustainable shareholder returns. This change could indicate a focus on enhancing capital efficiency and providing consistent returns to shareholders over the long term.

• Meiho Facility Works has approved an increase in the year-end dividend for the fiscal year ending March 31, 2026, setting it at JPY 44.00 per share.
• This represents an increase of JPY 0.50 from the latest dividend forecast (JPY 43.50) announced on March 18, 2026, and an increase of JPY 1.50 from the previous fiscal year’s actual dividend (JPY 42.50).
• The company stated that this marks its 13th consecutive year of dividend increases.
• The total dividend amount is JPY 535 million, with an effective date of June 8, 2026, and the source of the dividend is retained earnings.
• The company revised its dividend policy, raising the minimum annual dividend per share from the previous JPY 43.00 to JPY 44.00. This change will be applied starting from the year-end dividend for fiscal year 2026 (ending March 2027).

Meiho Facility Works’ announcement suggests a strengthening commitment to shareholder returns, extending its record of consecutive dividend increases. The increase in the minimum annual dividend per share could indicate the company’s intention to maintain a stable dividend level in the future. These actions may reflect the company’s financial health and its management’s stance on shareholder distribution.

• Soneck Co., Ltd. announced on May 12, 2026, a partial correction to its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (Japanese GAAP),” which was originally disclosed on May 8, 2026.
• The reason for the correction was the discovery of an error in some parts of the disclosed financial results.
• The correction pertains to the segment performance outlook under “(4) Future Outlook” on page 4 of the supplementary materials, specifically regarding the year-on-year change in the construction segment’s operating profit.
• The year-on-year outlook for the construction segment’s operating profit was revised from a 69.4% increase before correction to a 41.9% decrease after correction.
• Minor corrections were also made to the year-on-year change in construction segment sales (from an 8.1% decrease to an 8.2% decrease), transport segment sales (from a 2.8% increase to a 3.0% increase), and transport segment operating profit (from a 92.9% decrease to a 93.3% decrease).

This correction, particularly the significant shift in the construction segment’s operating profit outlook from a substantial increase to a decrease, may be a key point of interest for investors. While such revisions reflect a company’s commitment to ensuring the accuracy of its disclosures, investors may wish to carefully evaluate the implications of these changes on their assessment of future performance.

• Kitano Construction Co., Ltd. announced its consolidated financial results for the fiscal year ended March 31, 2025, on May 12, 2025.
• For the consolidated fiscal year, net sales amounted to ¥78,791 million (down 2.5% year-on-year). However, operating profit increased by 27.5% to ¥4,640 million, ordinary profit rose by 23.0% to ¥5,006 million, and profit attributable to owners of parent grew by 3.2% to ¥3,490 million.
• Basic earnings per share were ¥143.54, and net assets per share stood at ¥2,120.60.
• The year-end dividend for the fiscal year ended March 31, 2025, was announced at ¥30.00 per share (annual total ¥30.00). This figure reflects a 1-for-4 stock split implemented on October 1, 2024.
• The consolidated earnings forecast for the fiscal year ending March 31, 2026, projects net sales of ¥86,000 million (up 9.1% year-on-year), operating profit of ¥5,000 million (up 7.7% year-on-year), ordinary profit of ¥5,300 million (up 5.9% year-on-year), and profit attributable to owners of parent of ¥3,500 million (up 0.3% year-on-year).

• Despite a decrease in net sales compared to the previous fiscal year, the company achieved significant increases in operating, ordinary, and net profits, which may suggest an improvement in overall profitability.
• Although cash flow from operating activities was negative, the growth in total assets and net assets, coupled with an improved equity ratio, could indicate a stable financial position.
• Investors should note that the 1-for-4 stock split on October 1, 2024, impacts per-share figures and dividend amounts, which requires careful consideration when comparing with prior periods.

• For the fiscal year ended March 31, 2026 (April 1, 2025 – March 31, 2026), Syuppin Inc. reported net sales of ¥51,924 million (down 1.4% year-on-year), operating income of ¥2,537 million (down 25.3%), ordinary income of ¥2,491 million (down 26.0%), and net income of ¥1,685 million (down 16.6%).
• The annual dividend per share for FY2026 was ¥47.00 (compared to ¥40.00 in the previous fiscal year), with a payout ratio of 59.8%.
• As of March 31, 2026, the equity ratio stood at 56.7%, and net assets per share were ¥483.29.
• Cash flow from operating activities amounted to ¥3,051 million (compared to ¥1,207 million in the previous fiscal year).
• For the fiscal year ending March 31, 2027, the company forecasts full-year net sales of ¥55,098 million (up 6.1% year-on-year), operating income of ¥2,754 million (up 8.5%), and net income of ¥1,851 million (up 9.9%).

The decline in revenue and profit for FY2026, as stated in the IR report, was influenced by factors such as a reaction to large new product launches in the camera business, reduced tax-exempt sales in the first half, and the impact of early initiatives in the watch business. Conversely, the positive forecast for FY2027, projecting increases in both revenue and profit, could suggest an anticipated recovery and improvement in profitability. The increase in the year-end dividend and a high payout ratio of 59.8% for FY2026 may indicate a continued focus on shareholder returns.

• Sockets Inc. announced its full-year unaudited financial results for the fiscal year ended March 31, 2026, on May 12, 2026.
• For FY2026, net sales increased by 1.9% year-on-year to ¥1,060 million. The company reported an operating income of ¥52 million, ordinary income of ¥55 million, and net income of ¥86 million, marking a turnaround from losses in all respective profit categories in the prior fiscal year (FY2025).
• Earnings per share (EPS) for FY2026 stood at ¥35.36 (compared to -¥56.73 in the prior year), and the equity ratio improved to 65.4% (from 63.9% previously).
• The year-end dividend for FY2026 was announced at ¥6.00 per share (compared to ¥3.00 in the prior year), resulting in an annual dividend of ¥6.00.
• For the fiscal year ending March 31, 2027, the company forecasts net sales of ¥1,100 million (up 3.8% year-on-year), operating income of ¥65 million (up 23.9%), ordinary income of ¥67 million (up 21.7%), and net income of ¥56 million (down 35.2%).

The turnaround to profitability across all key income metrics for FY2026, coupled with increased net sales, may suggest an improvement in the company’s operational performance. The announced increase in the dividend could reflect a stronger commitment to shareholder returns and a more stable financial foundation. While the FY2027 forecast anticipates continued growth in sales and operating income, the projected decrease in net income is a point that investors may want to monitor for further context.

• Sasatoku Printing Co., Ltd. announced its consolidated financial results for the third quarter of the fiscal year ending June 2026 on May 12, 2026.
• For the cumulative period (July 1, 2025, to March 31, 2026), consolidated net sales were JPY 9,364 million (down 3.3% year-on-year), operating income was JPY 168 million (down 8.3% year-on-year), and ordinary income was JPY 307 million (down 10.3% year-on-year).
• Net income attributable to owners of parent increased by 1.0% year-on-year to JPY 236 million.
• The consolidated full-year earnings forecast for the fiscal year ending June 2026 (net sales JPY 13,000 million, operating income JPY 200 million, ordinary income JPY 370 million, net income attributable to owners of parent JPY 260 million) remains unrevised from the forecast announced on August 8, 2025.
• As of March 31, 2026, total assets were JPY 14,955 million, and net assets were JPY 9,593 million. The equity ratio stood at 64.1%.

The increase in net income attributable to owners of parent, despite declines in sales and operating income, may suggest the influence of non-operating items or tax effects during the period. The company’s high equity ratio of 64.1% at the end of the third quarter could indicate a stable financial foundation. Additionally, ongoing investments, such as the expansion of the paper container manufacturing line at the Kanto Plant, are worth monitoring for their potential impact on future revenue and profitability.

• MinebeaMitsumi Inc. reported consolidated net sales of ¥1,664.4 billion and operating profit of ¥104.0 billion for the fiscal year ended March 2026, marking new record highs for both metrics.
• Compared to the previous fiscal year, net sales increased by 9.3%, operating profit by 10.1%, and profit attributable to owners of parent by 66.6%.
• The actual results for the fiscal year 2026/3 exceeded the company’s forecasts announced on February 5, 2026, for all key figures: net sales (forecast ¥1,600.0 billion → actual ¥1,664.4 billion), operating profit (forecast ¥101.0 billion → actual ¥104.0 billion), pretax profit (forecast ¥96.0 billion → actual ¥133.8 billion), and profit attributable to owners of parent (forecast ¥71.0 billion → actual ¥99.0 billion).
• The company achieved its 14th consecutive year of revenue growth and its 3rd consecutive year of operating profit growth.
• For the fiscal year ending March 2027, the company forecasts consolidated net sales of ¥1,690.0 billion and operating profit of ¥120.0 billion.

The achievement of record-high revenue and operating profit may suggest the company’s business is performing robustly. Surpassing its own previously announced forecasts could indicate effective management and strong market demand for its products. The sustained record of 14 consecutive years of revenue growth and three years of operating profit growth highlights a consistent growth trajectory, making the company’s future business developments noteworthy.

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

• For the first quarter of the fiscal year ending December 2026, G-Basic reported net sales of ¥615 million, representing a 17% increase year-on-year.
• Operating profit for the quarter reached ¥103 million, marking a 106% increase year-on-year, with an operating profit margin of 17%.
• Subscription revenue, which accounts for approximately 80% of sales, showed stable growth, and revenue per employee increased to ¥20 million, up 13% year-on-year.
• G-Basic officially released “workrun” and “AIBOW” in January 2026, and the beta version of “askrun” was released as scheduled in April 2026.
• Net income for the quarter decreased by 80% year-on-year to ¥14 million, primarily due to an increase in corporate taxes resulting from the company’s reclassification as a large corporation following its IPO and the limitation on carried-forward tax losses. This impact was incorporated into the company’s financial plan.

The significant growth in both net sales and operating profit, coupled with an improved operating profit margin, may suggest a strengthening in the company’s business model and operational efficiency. The sustained increase in revenue per employee could indicate the effective implementation of its strategy to enhance productivity without proportional staff growth. Additionally, the sequential release of new products might be seen as foundational to future growth trajectories, which investors may find worth monitoring.

• Fujipharma’s consolidated results for the second quarter (interim) of the fiscal year ending September 2026 show net sales of JPY 29,716 million (up 23.3% year-on-year), operating profit of JPY 4,398 million (up 90.8% year-on-year), and ordinary profit of JPY 4,263 million (up 92.9% year-on-year).
• Net income attributable to owners of parent decreased by 44.6% year-on-year to JPY 713 million, attributed to the recognition of an impairment loss on investment securities.
• The consolidated financial position shows total assets of JPY 97,938 million, net assets of JPY 51,363 million, and an equity ratio of 52.4%.
• The projected annual dividend for the fiscal year ending September 2026 is JPY 49.00 (interim dividend JPY 23.00, year-end dividend JPY 26.00), with no revisions from the latest public forecast.
• The full-year consolidated earnings forecast for the fiscal year ending September 2026 remains unchanged, projecting net sales of JPY 59,250 million (up 14.7% year-on-year), operating profit of JPY 6,120 million (up 22.6% year-on-year), ordinary profit of JPY 5,880 million (up 31.9% year-on-year), and net income attributable to owners of parent of JPY 2,240 million (down 25.3% year-on-year).

• Fujipharma’s H1 FY2026 results indicate robust growth in net sales and operating profit, driven by strong performance in new women’s health drugs, biosimilars, and the global CMO business.
• However, the decline in net income attributable to owners of parent was primarily due to a non-recurring impairment loss on investment securities.
• With the full-year earnings forecast remaining unchanged, the company appears confident in its core business trajectory, though the impact of the interim period’s net income decrease on the full-year outlook may warrant attention.

• 金ＥＴＦ announced its financial results for the fiscal year ended December 2025 (January 1, 2025 – December 31, 2025) on May 12, 2026.
• For the fiscal year ended December 2025, WisdomTree Physical Gold ETF (Code: 1672) reported primary investment assets of JPY 671,125 million, 22,968 thousand units outstanding, and a net asset value per trading unit of JPY 29,219.
• WisdomTree Physical Silver, Platinum, Palladium, and Precious Metals Basket ETFs also published their primary investment assets, units outstanding, and net asset value per trading unit for the fiscal year ended December 2025. For example, the Silver ETF’s primary investment assets were JPY 185,739 million, with 56,189 thousand units outstanding and a NAV per trading unit of JPY 33,055.
• The financial position of the foreign investment corporation showed total assets of JPY 1,535,358 million, total liabilities of JPY 1,540,201 million, and an investment equity of JPY -4,843 million as of the fiscal year ended December 2025.
• The going concern note mentioned increased market volatility since early 2026 due to geopolitical developments, including a significant escalation of conflict in the Middle East since February 2026, but the issuer reasonably expects to have sufficient resources to continue operations until April 30, 2027.

This earnings announcement provides specific details on the operational status of major precious metal ETFs traded in Japan, including asset size, units outstanding, and net asset value at the end of the fiscal year. The reported negative investment equity, equivalent to net assets, is understood to be a characteristic of the ETF’s structure and accounting treatment, and reviewing it alongside the going concern note may offer important insights for evaluating the ETF’s performance and continuity. Furthermore, the reference to geopolitical risks in the going concern note suggests that changes in the external environment for precious metals markets could potentially influence future fund performance.

• Neural Group Corporation announced on May 12, 2026, its decision to acquire all shares of MAHO Co., Ltd. and Pegasus Co., Ltd., making them subsidiaries. The share transfer will be effective on June 1, 2026.
• MAHO Co., Ltd., established in 1985, is an entertainment content developer specializing in planning and producing game software, smartphone applications, and pachinko/pachislot LCD displays.
• MAHO Co., Ltd.’s standalone financial results for the fiscal year ended March 2025 reported net sales of 629 million yen, operating profit of 45 million yen, and net income of 34 million yen.
• The acquisition aims to integrate Neural Group’s AI technology with MAHO’s expertise in game and app development and LCD visual production, thereby expanding its business in the entertainment sector and enhancing overall corporate value.
• Neural Group anticipates that this acquisition will have a minor impact on its consolidated financial results for the fiscal year ending December 2026.

• This acquisition suggests Neural Group’s strategy to deepen its AI technology application within specific entertainment sectors like games and pachinko, leveraging MAHO’s extensive content development experience.
• The integration of advanced AI with decades of content creation know-how could potentially lead to innovative user experiences and more efficient development processes in a market increasingly adopting generative AI.
• While the immediate financial impact on consolidated results is projected to be minor, the market may monitor the realization of synergies and any planned organizational restructuring for long-term value creation.

• Minato Holdings, Inc. announced a correction to its “Financial Results Briefing Material” which was originally published on May 12, 2026.
• The reason for the correction was the discovery of an error in part of the document’s content after its initial submission.
• The specific section corrected is located on page 15, pertaining to the “Full-year earnings forecast for the fiscal year ending March 2027.”
• This correction notice does not specify the exact changes made to the figures or statements within the corrected section.

Corrections to financial results briefing materials are crucial for maintaining the accuracy and reliability of information disclosed to the market. While the specific details of the correction regarding the fiscal year March 2027 earnings forecast are not provided in this notice, investors would typically monitor such amendments closely to understand any potential implications for future performance assessments. Reviewing the updated full briefing material would be essential to grasp the precise impact of this change.

• For the fiscal year ended March 31, 2026, consolidated net sales were ¥29,194 million (up 45.1% year-on-year), operating profit was ¥5,515 million (up 97.2%), and net profit attributable to owners of parent was ¥3,820 million (up 94.5%).
• Diluted earnings per share for FY2026 stood at ¥253.57, and return on equity (ROE) was 25.4%.
• The consolidated earnings forecast for the fiscal year ending March 31, 2027, projects net sales of ¥32,000 million (up 9.6%), operating profit of ¥6,100 million (up 10.6%), and net profit attributable to owners of parent of ¥4,200 million (up 9.9%).
• The company announced a year-end dividend of ¥10.00 per share for FY2026 and forecasts an annual dividend of ¥15.00 per share for FY2027.
• Consolidated cash flows show operating activities resulted in a negative ¥3,621 million, while financing activities generated a positive ¥3,576 million.

Avio’s strong FY2026 results, demonstrating substantial growth in both sales and profits, may suggest robust performance in its core business areas, particularly within the information systems segment. The optimistic forecast for FY2027, including projected increases in revenue and profit along with a higher dividend, could indicate management’s confidence in continued expansion. Investors might find it noteworthy that operating cash flow was negative for the period, which could be related to working capital changes or specific business investments.

• G-Sports Field Inc. announced its consolidated financial results for the first quarter of the fiscal year ending December 2026 (January 1, 2026 – March 31, 2026).
• Consolidated net sales reached ¥1,794 million (up 39.5% year-on-year), operating profit was ¥583 million (up 14.1%), ordinary profit was ¥583 million (up 14.0%), and net profit attributable to owners of the parent was ¥379 million (up 14.0%).
• Within the “Sports Talent Recruitment Support Business,” sales for new graduate events amounted to ¥798,823 thousand (up 1.1% year-on-year), new graduate talent placement sales were ¥291,697 thousand (up 39.0%), and experienced talent placement sales were ¥287,787 thousand (up 18.6%), all achieving record-high sales.
• Following the consolidation of Lind Sports Co., Ltd. as a subsidiary on October 1, 2025, the “Sports Goods Planning & Sales Business” was added as a reporting segment, generating sales of ¥355,923 thousand.
• The consolidated full-year earnings forecast for the fiscal year ending December 2026 remains unchanged, projecting net sales of ¥6,470 million, operating profit of ¥1,300 million, ordinary profit of ¥1,300 million, and net profit attributable to owners of the parent of ¥845 million.

The significant increase in net sales and solid profit growth in this quarter’s results may suggest continued strength in the company’s core “Sports Talent Recruitment Support Business,” as evidenced by record-high sales across its segments. The addition of the “Sports Goods Planning & Sales Business” as a new revenue stream, following the consolidation of Lind Sports, could indicate a successful diversification strategy contributing to overall group performance. Investors may find these trends worth monitoring for future growth prospects.

• KDDI announced its new mid-term management strategy, “Power-to-Connect 2028,” covering the fiscal years from March 2027 to March 2029.
• The company plans a focused investment of JPY 1.2 trillion over three years into the “Digital Belt Concept,” aiming to establish a nationwide low-latency network and AI computing resource infrastructure spanning land, sea, and air in anticipation of an AI-centric society.
• KDDI targets a compound annual growth rate (CAGR) of 5.0% in consolidated operating profit (adjusted basis) from fiscal year March 2026 to March 2029.
• The newly established “Personal Growth” and “Business Growth” segments are each targeting double-digit profit growth.
• As part of its next-generation financial services, KDDI plans to offer a “Crypto Asset Wallet” service in the summer of 2026.

• KDDI’s mid-term management strategy clearly outlines its adaptation to an AI-centric society and significant infrastructure investment plans to support this vision.
• The new segment definitions and their respective profit growth targets may suggest a strategic shift towards transforming its business structure and focusing on new revenue streams.
• The substantial investment in the “Digital Belt Concept” and the planned “Crypto Asset Wallet” service could indicate the company’s ambition to create new value beyond traditional telecommunications.

• For the fiscal year ended March 31, 2026, Janome reported consolidated net sales of ¥38,968 million (up 7.2% year-on-year), operating profit of ¥1,910 million (down 14.1% year-on-year), and net profit attributable to owners of parent of ¥590 million (down 67.1% year-on-year).
• The operating profit of ¥1,910 million for FY2026 exceeded the revised forecast of ¥1,300 million announced in November 2025 by ¥610 million.
• By segment, Household Equipment recorded net sales of ¥29,787 million (up ¥1,013 million year-on-year), Industrial Equipment ¥6,155 million (up ¥1,314 million year-on-year), and IT-related ¥2,896 million (up ¥366 million year-on-year).
• Within the Industrial Equipment segment, Robotics and Presses achieved net sales of ¥3,762 million and an operating profit of ¥88 million, while Die-Casting reported net sales of ¥2,392 million but an operating loss of ¥632 million.
• For the fiscal year ending March 31, 2027, the company forecasts consolidated net sales of ¥42,000 million (up ¥3,032 million year-on-year), operating profit of ¥3,000 million (up ¥1,090 million year-on-year), and net profit attributable to owners of parent of ¥2,000 million (up ¥1,410 million year-on-year), with the Industrial Equipment segment projected to turn profitable with ¥240 million in operating profit.

Janome’s FY2026 results show sales growth despite a decline in operating profit, largely due to foreign exchange impacts, higher cost of goods sold, and increased selling, general and administrative expenses. However, the company surpassed its revised November forecast, suggesting better-than-expected performance in some areas, potentially driven by strong sales of household equipment in North America and growth in robotics and presses. The forecast for FY2027, including a projected return to profitability for the Industrial Equipment segment, could indicate a positive outlook for the company’s future operational efficiency and overall earnings growth.

• Tobu Network Co., Ltd. announced a “Correction Regarding Revision to Consolidated Earnings Forecast, Final Year Targets of Mid-Term Management Plan, and Year-End Dividend Forecast (Dividend Increase)” on May 12, 2026.
• This correction was made due to an error in the content of the “Notice of Revision to Consolidated Earnings Forecast, Final Year Targets of Mid-Term Management Plan, and Year-End Dividend Forecast (Dividend Increase)” disclosed on the same date.
• The specific correction involves the reporting period for the “Revision to the consolidated earnings forecast for the full fiscal year ending March 2026,” which was initially stated as “April 1, 2025 – September 30, 2025” and has been corrected to “April 1, 2025 – March 31, 2026.”

This correction primarily addresses a clerical error regarding the reporting period of the consolidated earnings forecast, rather than a substantive change in the forecast itself or the mid-term plan. Investors may view this as an indication of the company’s commitment to maintaining accuracy in its disclosed IR information. It is important to note that the core financial implications from the initial announcement are not altered by this correction.

• For the first quarter of the fiscal year ending December 2026 (January 1, 2026 – March 31, 2026), Hikari Business reported net sales of ¥1,916 million, marking a 12.6% increase compared to the same period of the previous year.
• Operating profit for the quarter reached ¥189 million, a turnaround from an operating loss of ¥51 million in the prior-year period. Ordinary profit increased significantly by 3310.5% to ¥198 million, and quarterly net profit reached ¥134 million, reversing a net loss of ¥3 million from the previous year.
• Sales by business segment were as follows: DPP at ¥1,098 million (up 17.9%), WEB at ¥62 million (up 28.9%), Printing-related at ¥637 million (up 4.8%), and BPO at ¥117 million (up 4.3%).
• The full-year earnings forecast for fiscal year 2026 and the annual dividend forecast of ¥50.00, initially announced on February 10, 2026, remain unchanged.
• The company’s equity ratio stood at 77.8% at the end of the first quarter.

The significant turnaround from a loss to substantial profit in both operating and net income for Q1 may suggest a strong recovery in the company’s core operations. The growth in DPP and WEB segments, in particular, could indicate successful adaptation to the ongoing digitalization and paperless trends in the industry, contributing to overall sales expansion. The unchanged full-year forecast, despite a strong Q1 performance, might imply a cautious outlook by management or that the strong start was already factored into their initial projections.

• Digital Garage announced that its Board of Directors resolved to conclude an agreement not to tender its shares in the tender offer for Kakaku.com shares by Kamgras 1 Corporation (an EQT-affiliated company) today, May 12, 2026, and signed the agreement on the same date.
• Digital Garage will not tender all of its Kakaku.com shares in the tender offer. Upon completion of this transaction, Digital Garage plans to retain shares equivalent to approximately 20% of the voting rights in the Re-investment Target Company (the wholly-owning parent company of the Tender Offeror), which is expected to become an equity-method affiliate.
• If this transaction is executed, Digital Garage expects to record a gain on sale of shares of an affiliate (consolidated financial statements) and an extraordinary gain (non-consolidated financial statements). Specific amounts were not disclosed.
• The share repurchase price for Kakaku.com shares is JPY 2,439, while the tender offer price is JPY 3,000. The share repurchase price is set to be substantially equivalent to the net proceeds Digital Garage would receive if it were to tender its shares in the tender offer.
• The valuation of Kakaku.com shares, which serves as the premise for determining the per-share consideration of the Re-investment Target Company’s common stock in the re-investment, is planned to be JPY 3,000, identical to the tender offer price.

• Digital Garage’s decision not to tender its shares in the tender offer and instead re-invest in the restructured new company suggests a strategic intent to maintain its capital relationship with Kakaku.com while pursuing enhanced corporate value.
• The involvement of EQT, a global private equity fund, could accelerate Kakaku.com’s growth strategies, and Digital Garage appears to be positioning itself to continue benefiting from this new structure.
• The detailed explanation of the pricing for the share repurchase and re-investment, aimed at ensuring substantial equivalence to the tender offer price, indicates a focus on fairness to general shareholders.