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

• PCI Solutions Inc. announced the completion of its absorption merger with its consolidated subsidiary, PCI Solutions Inc., effective October 1, 2026.
• PCI Holdings Inc. served as the surviving company, absorbing its wholly-owned subsidiary, PCI Solutions Inc., as the dissolving company.
• Following the merger’s completion, the surviving company, PCI Holdings Inc., has changed its trade name to “PCI Solutions Inc.” (English name: PCI Solutions Inc.). The former trade name was PCI Holdings, INC.
• The purpose of this merger and trade name change is in line with the basic policy to transition from a pure holding company to an operating holding company.
• The company stated that the impact of this merger on its consolidated financial results is minor, as it involves a wholly-owned subsidiary.
• While “loss/gain on extinguishment of intercompany shares” will be recorded in the company’s non-consolidated financial statements, it will be eliminated in the consolidated financial statements, thus having no impact on consolidated performance.

This announcement signifies the completion of PCI Holdings’ strategic transition from a pure holding company to an operating holding company, a move that was previously communicated. The change in trade name to “PCI Solutions Inc.” appears to align the corporate identity more closely with its core business operations, potentially enhancing its external brand image. While the immediate impact on consolidated earnings is stated to be minor, investors may wish to monitor how this structural shift influences the company’s operational efficiency and strategic execution in the mid to long term.

• P-Towarise Co., Ltd. announced a partial correction to its “Consolidated Financial Results for the Fiscal Year Ended July 31, 2026 (Japanese GAAP)” attachment, originally disclosed on September 14, 2026.
• The reason for the correction was the discovery of items requiring amendment in “Summary of Operating Results, etc.” and “Consolidated Statements of Cash Flows” after the initial disclosure.
• In “1. Summary of Operating Results, etc. (1) Overview of Operating Results for the Current Period ① Credit Finance Business,” the segment profit was revised from ¥940 million (an 88.0% increase year-on-year) to ¥938 million (an 87.8% increase year-on-year).
• In “(4) Consolidated Statements of Cash Flows,” an item “Proceeds from sale of investment securities” was added, showing ¥9 million for the current consolidated fiscal year (August 1, 2025 to July 31, 2026).
• The total amount for cash flows from investing activities in the consolidated cash flow statement remained unchanged at △¥339 million before and after the correction.

This correction involves minor adjustments to previously disclosed financial figures. The fact that the total cash flows from investing activities in the consolidated cash flow statement remain unchanged suggests that the overall impact on the company’s financial position may be limited. The slight revision in the segment profit for the credit finance business is also marginal, potentially indicating that the underlying business performance remains consistent with the initial announcement. Investors might consider assessing the materiality of these specific changes in the broader context of the company’s financial results.

• Teijin Limited announced the completion of the absorption-type merger between its wholly-owned subsidiary, Teijin Frontier Co., Ltd., and Asahi Kasei Advance Co., Ltd., a wholly-owned subsidiary of Asahi Kasei Corporation, on October 1, 2026.
• Teijin Frontier Co., Ltd. is the surviving company, and Asahi Kasei Advance Co., Ltd. is the absorbed company.
• The new company is named “TA Frontier Corporation” and commenced operations today.
• The new company has a capital of JPY 2 billion, with Teijin Limited holding 80% and Asahi Kasei Corporation holding 20% ownership.
• The impact of this integration on Teijin’s consolidated earnings forecast for the fiscal year ending March 2027 has already been incorporated into the forecast announced on August 4, 2026, with no changes to the full-year outlook.

This announcement marks the completion of a business integration that saw its final agreement signed last December and the absorption merger agreement signed in July this year. The establishment of “TA Frontier Corporation” aims to integrate the customer and business foundations of both companies, potentially leading to an expansion of products and services. Investors may monitor how this integration impacts the business in the long term and the realization of anticipated synergies.

• Kyoto Tool Co., Ltd. completed the absorption merger of its wholly-owned subsidiaries on October 1, 2026.
• The merged subsidiaries are Hokuriku KTC Tool Co., Ltd. and HI-TOOL Co., Ltd.
• This merger was executed as originally planned, following the announcement made on March 11, 2026, regarding the absorption merger of wholly-owned subsidiaries.
• The purpose of the merger is to achieve company-wide efficiency in production, sales, development, and administration through the consolidation of management resources.
• The company also aims to enhance corporate value by strengthening corporate governance and internal controls.

This merger suggests Kyoto Tool Co. is streamlining its group structure to optimize management resources and enhance operational efficiency. The integration of subsidiaries could lead to synergistic benefits, potentially reducing costs and accelerating decision-making processes. The emphasis on strengthening governance indicates a focus on building a robust foundation for sustainable growth.

• Heiwado reported consolidated operating revenue of ¥230.48 billion for the second quarter of the fiscal year ending February 2027, an increase of 3.1% year-on-year.
• Operating profit was ¥5.66 billion (down 17.1% year-on-year), and ordinary profit was ¥6.19 billion (down 17.6% year-on-year).
• Net profit attributable to owners of the parent company amounted to ¥3.58 billion, a decrease of 27.0% from the previous year.
• The retail segment recorded operating revenue of ¥218.22 billion (up 3.1% year-on-year) and ordinary profit of ¥7.74 billion (up 13.3% year-on-year).
• The full-year consolidated earnings forecast remains unchanged, with operating revenue of ¥478.0 billion, operating profit of ¥14.3 billion, ordinary profit of ¥15.2 billion, and net profit attributable to owners of the parent company of ¥9.8 billion.

Heiwado’s Q2 FY2027 results show a mixed performance, with increased operating revenue but declines in both operating profit and net profit. This disparity suggests that while sales volumes or prices may be rising, the company’s profitability is being challenged, potentially due to factors such as a stricter gross profit margin as mentioned in the announcement, influenced by last year’s rice supply and product price hikes. Investors may want to monitor how Heiwado addresses these margin pressures and cost structures, even as the retail segment shows an increase in ordinary profit.

• Filcon Co., Ltd. has announced its consolidated financial results for the third quarter of the fiscal year ending November 2026 (December 1, 2025, to August 31, 2026).
• For the cumulative third quarter, net sales reached ¥21,654 million (up 7.6% year-on-year), operating profit was ¥1,426 million (up 158.3%), ordinary profit was ¥1,659 million (up 137.7%), and profit attributable to owners of parent was ¥971 million (up 56.8%).
• The Electronic Materials & Photomask business segment saw external customer sales of ¥3,699 million (up 11.4% year-on-year) and operating profit of ¥812 million (up 230.9%).
• The Environmental & Water Treatment business segment reported sales of ¥1,746 million (up 22.9% year-on-year), turning around from an operating loss of ¥36 million in the prior year to an operating profit of ¥82 million.
• The consolidated full-year earnings forecast for the fiscal year ending November 2026 has been revised upward, projecting net sales of ¥29,000 million (up 4.2% year-on-year), operating profit of ¥1,700 million (up 154.5%), ordinary profit of ¥1,950 million (up 106.6%), and profit attributable to owners of parent of ¥1,150 million.

Filcon’s Q3 results show substantial year-on-year increases across all key financial metrics, with the strong performance of the Electronic Materials & Photomask business appearing to be a primary driver of overall growth. This segment’s significant rise in sales and operating profit may reflect robust demand in the electronics components industry, potentially fueled by AI data center investments and accelerating communication infrastructure. The upward revision of the full-year earnings forecast could also suggest the company’s confidence in its future business outlook.

• Murata Manufacturing Co., Ltd. resolved on October 1, 2026, to absorb and merge its wholly-owned subsidiary, Saitama Murata Manufacturing Co., Ltd.
• The effective date of the merger is scheduled for July 1, 2027.
• Murata Manufacturing will be the surviving company in this absorption merger, and Saitama Murata Manufacturing Co., Ltd. will be dissolved.
• Concurrently with the merger, the Saitama Murata Manufacturing plant will close on May 31, 2027, with its functions, including product development, transferred to Murata Manufacturing’s headquarters and other facilities.
• As this is a merger with a wholly-owned subsidiary, there will be no issuance of new shares, increase in capital, or payment of consideration.

This merger appears to be a strategic move to consolidate management resources and enhance operational efficiency by integrating the component development functions of the wholly-owned subsidiary into the parent company. This could potentially streamline the group’s development structure and optimize overall business operations. Given it is a merger with a wholly-owned subsidiary, the impact on Murata Manufacturing’s consolidated financial performance is stated to be minor.

• G-GMO Commerce completed the acquisition of all shares of GMO NIKKO, Inc. and GMO Insight, Inc. on October 1, 2026, making both companies consolidated subsidiaries.
• GMO NIKKO, Inc. operates a comprehensive marketing support business (digital marketing/ad technology/tools and solutions). G-GMO Commerce acquired 4,178 shares, representing 100% ownership.
• GMO Insight, Inc. operates the michill business/media business/social game business/partner solutions business. G-GMO Commerce acquired 1,000 shares, representing 100% ownership.
• This acquisition is a follow-up to the announcement made on September 24, 2026, regarding the acquisition of shares of GMO NIKKO and GMO Insight for the purpose of building an “AI-era marketing platform.”

This subsidiary acquisition appears to be a strategic move by G-GMO Commerce towards building an “AI-era marketing platform.” The integration of GMO NIKKO’s digital marketing expertise and GMO Insight’s media and social game businesses could suggest an expansion of business domains and potential synergies. Investors may wish to monitor how the integration progresses and how the new platform is developed.

• ALSOK has decided on an absorption merger where TCG2511 Corporation will be the surviving company and Nippon Dry-Chemical Co., Ltd. (NDC) the absorbed company.
• Through this merger, ALSOK will acquire common shares issued by TCG2511, making it a consolidated subsidiary.
• TCG2511 is expected to change its trade name to Nippon Dry-Chemical Co., Ltd. (New NDC) simultaneously with the effective date of the merger.
• ALSOK’s Board of Directors authorized its representative director on May 13, 2026, to make the final decision on this merger, and today (October 1, 2026) decided to proceed after conditions were finalized.
• The effective date of the absorption merger is scheduled for January 1, 2027.

This announcement suggests ALSOK’s strategic move to strengthen its capital and business alliance with Nippon Dry-Chemical, aiming to enhance collaboration in the disaster prevention sector. The consolidation of NDC could elevate the importance of the disaster prevention segment within the broader ALSOK Group portfolio. The impact on consolidated financial results is currently under review, and further disclosures are anticipated.

• PRAP Japan Inc. resolved to enter into a capital and business alliance with Daniel J. Edelman, Inc. (Edelman) as of October 1, 2026.
• Under this alliance, Edelman will acquire 935,800 shares of PRAP Japan’s common stock from Cavendish Square Holding BV (a subsidiary of WPP Group Plc.), PRAP Japan’s largest shareholder, through an off-market transaction at ¥1,358.64 per share, totaling ¥1,271,415,312.
• Following the share acquisition, Edelman’s voting rights ratio will be 21.03%, making Edelman a major shareholder, the largest major shareholder, and an affiliate of PRAP Japan.
• The business alliance’s scope includes leveraging both companies’ PR experience and knowledge as a core, mutually utilizing strengths in digital, marketing, management, creative, data analytics, and AI. It also aims to strengthen communication support for Japanese companies in overseas markets, expand service opportunities for Edelman’s global clients in Japan, and create collaboration opportunities primarily in the Asian region.
• The scheduled execution date for this share acquisition is October 30, 2026.

This announcement suggests a strategic move by PRAP Japan to enhance its global capabilities and expand service domains, aligning with its mid-to-long-term growth strategy. The alliance with Edelman, a world-leading independent PR firm, could potentially elevate PRAP Japan’s service value and international competitiveness. Edelman becoming the largest shareholder might also indicate a strengthened partnership, which could lead to significant synergy effects in the future.

• e-supportlink Co., Ltd. announced its consolidated financial results for the third quarter of the fiscal year ending November 2026.
• Consolidated net sales for the cumulative third quarter (December 1, 2025 – August 31, 2026) were ¥4,905 million, an increase of 3.4% compared to the same period of the previous year.
• Consolidated operating profit was ¥44 million (down 30.8% year-on-year), and consolidated ordinary profit was ¥70 million (down 12.4% year-on-year).
• Net loss attributable to owners of the parent company amounted to ¥12 million, compared to a net profit of ¥18 million in the previous year’s corresponding period.
• The full-year consolidated earnings forecast has been revised from the most recently announced forecast.

While sales increased, the decline in operating and ordinary profits, coupled with a net loss attributable to parent company shareholders, presents a key focus for investors. The operational support segment showed growth in both sales and profit, but upfront costs in the fruit and vegetable sales floor construction support business and initial investment costs in the agricultural support business appear to have impacted overall profitability. Monitoring the details of the revised full-year forecast will be crucial for understanding the company’s forward-looking strategies.

• G-B-STYLE HD announced the completion of its acquisition of shares in HR Associe Co., Ltd., making it a subsidiary, on October 1, 2026.
• This share acquisition was previously disclosed in the “Notice of Share Acquisition (Making it a Subsidiary) of HR Associe Co., Ltd.” dated September 17, 2026.
• G-B-STYLE HD acquired all 1,000 outstanding shares of HR Associe Co., Ltd., resulting in a 100% voting rights ownership ratio.
• The acquisition price for the common shares of the target company was 1,205 million yen.
• HR Associe Co., Ltd.’s business activities include recruitment consulting, recruitment agency services, educational training, and production of company brochures and recruitment websites.

The acquisition of HR Associe by G-B-STYLE HD could potentially expand the company’s business domains and strengthen its service offerings. This move may contribute to enhancing G-B-STYLE HD’s competitive position in the recruitment support sector. The impact on consolidated earnings forecasts is currently under review, and further disclosure is anticipated.

• Dai-ichi Kogyo Co., Ltd. resolved at its board meeting on October 1, 2026, to absorb its wholly-owned subsidiary, Daido Forward Co., Ltd., with an effective date of December 1, 2026.
• The merger is contingent on approval at an extraordinary shareholders’ meeting scheduled for November 19, 2026, with Dai-ichi Kogyo as the surviving company and Daido Forward as the dissolved company.
• The stated purpose of the merger is to improve the apparel business, accelerate decision-making, consolidate management resources, and enhance the efficiency of administrative operations.
• Concurrently with the merger, Article 2 (Purpose) of Dai-ichi Kogyo’s Articles of Incorporation will be amended to add 15 new business objectives, including the planning, manufacturing, and sales of apparel and fashion products, food-related businesses, and real estate trading and brokerage.
• Dai-ichi Kogyo expects to record a special loss (loss on cancellation of treasury stock) in its non-consolidated financial statements due to the merger, but the impact on consolidated performance is deemed minor.

This absorption merger appears to be a strategic move under Dai-ichi Kogyo’s “Evolution and Leap” medium-term management plan, aimed at accelerating the restructuring of its apparel business, including the core “NEWYORKER” brand. The intention to act as an operating holding company, proactively driving apparel business reform and growth investments including M&A, to achieve the ¥4 billion consolidated operating profit target by March 2029, suggests a clear path for future corporate value enhancement. The addition of new business objectives to the Articles of Incorporation could also signal a broader scope for future diversification and business expansion.

• Kusuri no Aoki Holdings announced its consolidated financial results for the first quarter of the fiscal year ending May 2027 (May 21, 2026 – August 20, 2026).
• Net sales reached ¥159,042 million, representing a 13.8% increase year-on-year, while operating profit was ¥8,424 million, up 16.0% year-on-year.
• Ordinary profit increased by 17.6% to ¥8,568 million, and net profit attributable to owners of parent rose by 36.4% to ¥6,866 million.
• As of the end of the quarter, the total number of stores was 1,154, comprising 1,123 drugstores (710 with dispensing pharmacies), 6 dedicated dispensing pharmacies, and 25 supermarkets (1 with a dispensing pharmacy). During the quarter, 21 new drugstores and 20 new dispensing pharmacies were opened, while 5 drugstores and 2 dispensing pharmacies were closed.
• There are no revisions to the full-year consolidated performance forecast or dividend forecast for the fiscal year ending May 2027 from the most recently announced figures.

Kusuri no Aoki HD’s Q1 results show robust growth across all key financial metrics, with net profit attributable to owners of parent increasing significantly by 36.4% year-on-year. This performance may suggest the positive impact of its aggressive new store openings and the evolution of its “Food & Drug” model in existing stores. The company’s decision to maintain its full-year guidance indicates that the strong Q1 results are in line with its internal plans.

• Ilgrum Co., Ltd. announced the completion of the absorption-type merger with its wholly-owned subsidiary, Atara Inc., effective October 1, 2026.
• This merger followed a basic agreement signed on July 10, 2026, and an absorption-type merger agreement concluded on August 5, 2026.
• The purpose of the merger is to maximize and accelerate group synergies by integrating management resources such as organization, systems, and human capital, and enhancing decision-making speed, following the acquisition of all Atara shares on July 1, 2026.
• The merger was conducted with Ilgrum as the surviving company and Atara as the absorbed company; there will be no changes to Ilgrum’s trade name, location, representative, business content, capital, or fiscal year end.
• The company stated that the impact of this merger on its consolidated financial performance is minor, as it involves a wholly-owned subsidiary.

Ilgrum’s absorption-type merger with its wholly-owned subsidiary, Atara, is expected to strengthen business collaboration within the group and accelerate decision-making processes. This move aims to establish an end-to-end service provision system, from “tool provision” to “data utilization and operation support accompaniment,” potentially enhancing value for customers. While the impact on consolidated performance is stated to be minor, investors may monitor this development for its potential to improve business efficiency and strengthen competitiveness in the medium to long term.

• Sumitomo Bakelite announced it will record a gain on sale of investment securities totaling JPY 14.3 billion as an extraordinary profit in its individual financial statements.
• The reason for the sale is to improve asset efficiency by reducing policy-held shares.
• The assets sold consist of 8 listed shares held by the company.
• The sale period was from May 2026 to September 2026.
• This gain will be recorded as an extraordinary profit in the individual financial statements for the second quarter of the fiscal year ending March 2027.
• Due to the adoption of International Financial Reporting Standards (IFRS), this gain will be recognized as other comprehensive income in the consolidated financial statements, thus having no impact on consolidated earnings.

The recording of JPY 14.3 billion in gain from the sale of investment securities as an extraordinary profit in Sumitomo Bakelite’s individual financial statements may temporarily boost individual profit levels. The reduction of policy-held shares could indicate the company’s efforts towards corporate governance reform and improving capital efficiency. The statement that there will be no impact on consolidated earnings is attributed to the accounting treatment under IFRS, suggesting investors should consider both individual and consolidated financial perspectives.

• G-Asiaquest resolved at its board meeting on October 1, 2026, to acquire all shares (1,000 shares) of Tetra Communications Co., Ltd., making it a wholly-owned subsidiary.
• The acquisition price totals approximately JPY 931,000 thousand, consisting of JPY 920,000 thousand for Tetra’s common shares and JPY 11,000 thousand for advisory fees and other expenses.
• Tetra Communications primarily offers system development and operational efficiency support services for the life insurance industry and financial institutions, as well as BPO-type IT support services for PCs, servers, and network equipment.
• This acquisition enables G-Asiaquest to make a full-scale entry into the life insurance industry, a sector where the G-Asiaquest Group previously had limited presence among its existing customers.
• The scheduled share transfer date is November 2, 2026.

This acquisition suggests G-Asiaquest’s strategic move to expand its digital transformation business and enter the new market segment of the life insurance industry. By integrating Tetra’s deep domain knowledge and customer base in the life insurance sector with G-Asiaquest’s AI, cloud technologies, and global resources, the company aims to offer high-value DX solutions and achieve cross-selling synergies, which could enhance overall corporate value. The disclosure of how this transaction will impact G-Asiaquest’s consolidated performance will be a key area for investors to monitor.

• G-onecareer announced the completion of a merger between its consolidated subsidiaries.
• The merger follows the “Notice Regarding Organizational Restructuring Between Consolidated Subsidiaries (Merger Between Consolidated Subsidiaries)” announced on July 31, 2026.
• The merger is an absorption-type merger, with Zero-One Brain Co., Ltd. as the absorbed company and Kids Corporation Co., Ltd. as the surviving company.
• The completion date of the merger was October 1, 2026.
• The surviving company, Kids Corporation Co., Ltd., maintains its trade name, head office location, representative, business activities, capital, date of establishment, fiscal year end, and ownership (Onecareer Co., Ltd.: 100%).

This announcement confirms the scheduled completion of an intra-group reorganization previously disclosed. The merger of consolidated subsidiaries may suggest an aim to enhance operational efficiency and strengthen management structures within the group. As the business activities and capital of the surviving company remain unchanged, it could indicate a focus on maintaining continuity in existing operations.

• FORSIDE Co., Ltd. announced the completion of its acquisition of Makalu Digital Co., Ltd., making it a wholly-owned subsidiary, as of October 1, 2026.
• Makalu Digital’s business includes the development, research, and sales of website-related software, as well as website planning, production, management, operation, and hosting services.
• Makalu Digital has a capital of 4 million yen and was established on August 13, 2012.
• For its most recent fiscal period ended July 2025, Makalu Digital reported net sales of 142,470 thousand yen, operating income of 5,400 thousand yen, and net income of 5,428 thousand yen.
• The impact of this acquisition on FORSIDE’s consolidated financial results for the current period is currently being assessed and will be disclosed promptly if necessary.

This announcement suggests FORSIDE’s strategic move to strengthen its business foundation in digital content and related services. The integration of Makalu Digital’s web technologies and services could potentially create synergies with FORSIDE’s existing operations. Investors may want to monitor future disclosures regarding the specific financial impact on consolidated results.

• G-usonar completed the acquisition of shares in Empire State Co., Ltd. as of October 1, 2026, making it a subsidiary.
• Empire State Co., Ltd.’s business activities include sales consulting, corporate sales agency, BPO, and real estate.
• G-usonar holds 70.0% of the voting rights (35 shares) in Empire State Co., Ltd.
• Empire State Co., Ltd. is expected to be included in G-usonar’s consolidated financial statements starting from the full-year results for the fiscal year ending December 2026.
• The impact of this acquisition on G-usonar’s consolidated financial results for the fiscal year ending December 2026 is considered minor at this time.

G-usonar’s acquisition of Empire State Co., Ltd. may suggest an effort to expand its business portfolio and seek synergies. The new subsidiary’s services, such as sales consulting and corporate sales agency, could potentially complement G-usonar’s existing operations, leading to an enhanced customer base or broader service offerings. While the immediate impact on consolidated performance is stated as minor, the integration process and realization of potential synergies will be worth monitoring in future reports.

• West Japan Railway Company (JR West), Resona Holdings (Resona HD), and Kansai Mirai Bank announced the completion of the share transfer related to their capital and business alliance on October 1, 2026.
• JR West acquired 20,000,000 shares of Kansai Mirai Bank from Resona HD for ¥90 billion.
• Following the acquisition, JR West’s voting rights ratio in Kansai Mirai Bank is 20.0%, making it an equity method affiliate of JR West. Kansai Mirai Bank will continue to be a consolidated subsidiary of Resona HD.
• With the completion of the capital and business alliance, the three companies will fully commence initiatives towards building a “regional value-circulating BaaS and payment model.”
• The launch of new banking services, originally planned for fiscal year 2027, is now aimed for an earlier release around spring 2027.

This announcement confirms the formalization of the capital and business alliance between JR West and Resona Group, marking a concrete step in their partnership aimed at regional economic revitalization. The completion of JR West’s equity investment in Kansai Mirai Bank indicates a deepening of their collaboration, which may suggest accelerated development of joint services. The accelerated timeline for new banking services could be seen as an effort to realize the benefits of the alliance sooner.

• NAC Co., Ltd. announced the completion of its acquisition of YOKO Co., Ltd. as a wholly-owned subsidiary through a simplified stock exchange, effective October 1, 2026.
• This stock exchange was resolved by NAC’s Board of Directors on August 28, 2026, and the agreement was approved and signed on the same day by YOKO’s extraordinary general meeting of shareholders.
• YOKO Co., Ltd. is located in Ichihara City, Chiba Prefecture, and primarily operates as a franchise of DUSKIN Co., Ltd.
• YOKO’s capital is 20 million yen, and it was established on December 1, 1994.
• NAC’s ownership stake in YOKO will be 100%.
• NAC has determined that this stock exchange will have only a minor impact on its consolidated financial results.

This acquisition suggests NAC’s ongoing strategy to potentially expand or strengthen its service-related businesses, possibly through leveraging existing relationships or market presence. The use of a simplified stock exchange procedure indicates a streamlined process, which may reflect the relative size of the target company or a prior existing relationship. While the immediate financial impact is deemed minor, investors might monitor how this integration contributes to NAC’s broader strategic goals in the long term.

• Far East Trading Co., Ltd. announced the completion of the absorption-type merger of its wholly-owned subsidiary, ZRC Japan Co., Ltd.
• The merger was completed on October 1, 2026.
• This completion proceeded as scheduled, following the disclosure on May 22, 2026, titled “Notice Regarding Absorption-type Merger of Wholly Owned Subsidiary and Recording of Extraordinary Loss (Loss on Retirement of Intercompany Shares).”

This announcement confirms the scheduled completion of an organizational restructuring that was previously disclosed. Absorption-type mergers of subsidiaries often aim to streamline management resources and restructure business operations within a group. Investors might consider how this integration could impact future business performance. It is important to view this completion in the context of the extraordinary loss previously announced, as part of the overall organizational restructuring.

• On October 1, 2026, Rakuten Bank completed the acquisition of Rakuten Card Co., Ltd. and Rakuten Securities Holdings Co., Ltd. as wholly-owned subsidiaries through a stock delivery process.
• This stock delivery was executed based on a definitive agreement dated May 20, 2026, as part of Rakuten Group’s fintech business reorganization.
• In consideration for the stock delivery, Rakuten Bank newly issued a total of 230,890,116 shares of Class A preferred stock, delivering 207,330,443 shares to Rakuten Group and 23,559,673 shares to Mizuho Bank.
• Following the stock delivery, Rakuten Group and Mizuho Bank converted a portion or all of their respective Class A preferred shares into Rakuten Bank’s common shares.
• As a result of the conversion, Rakuten Bank’s outstanding common shares totaled 223,936,153 shares, with Rakuten Group holding 49.93% and Mizuho Bank holding 10.52% of the common shares.
• Prior to this reorganization, transfers of non-reorganization-related businesses were completed, including the transfer of Rakuten Payment Inc. shares from Rakuten Card and in-kind dividends of Rakuten Wallet shares from Rakuten Securities HD.

This disclosure confirms the full integration of Rakuten Card and Rakuten Securities HD, key fintech subsidiaries, into Rakuten Bank. This marks the completion of a significant reorganization within Rakuten Group’s fintech operations, centered around Rakuten Bank. The increase in outstanding shares and changes in the major shareholder structure could have implications for future business strategy and governance. Investors should monitor future announcements regarding the specific impact of this transaction on Rakuten Bank’s consolidated financial results for the fiscal year ending March 2027.

• IRISO Electronics announced on October 1, 2026, a partial correction to its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 [Japanese GAAP]”.
• The correction pertains to “2. Dividends” on page 1 of the summary information, specifically the consolidated dividend payout ratio and consolidated return on equity (ROE) for the fiscal year ended March 31, 2026.
• The consolidated dividend payout ratio for the fiscal year ended March 31, 2026, was revised from 125.4% to 83.6%.
• The consolidated return on equity (ROE) for the same period was corrected from 4.5% to 3.0%.
• The company stated that the correction was made due to an error found in the previously disclosed dividend information.

This correction indicates a revision in previously reported dividend-related figures from the company’s financial results. The downward adjustment of the dividend payout ratio and consolidated ROE may prompt investors to re-evaluate their perception of the company’s profit distribution. It is important for investors to refer to the corrected figures when conducting any financial analysis related to past performance, as these changes affect previously disclosed metrics.

• TRIIS Co., Ltd. announced on October 1, 2026, the completion of its acquisition of all shares of LIMNO Co., Ltd., making it a wholly owned subsidiary.
• The number of acquired shares is 120,000, representing 100% of voting rights.
• The acquisition price for the shares was ¥600 million.
• The impact of this acquisition on TRIIS’s consolidated financial results and financial position is currently under review, and any necessary revisions to earnings forecasts will be disclosed promptly.
• Reference was made to past disclosures for details regarding the reasons for the acquisition, an overview of LIMNO, and the post-acquisition group management structure and PMI policy.

The completion of LIMNO’s acquisition by TRIIS may suggest a strategic move to expand its business footprint. With an acquisition cost of ¥600 million, this transaction could have a notable impact on TRIIS’s financial standing and future growth trajectory. As the impact on consolidated financial performance is still being assessed, subsequent disclosures will be worth monitoring for investors.

• G-BROADENTER (Broad Enterprise Co., Ltd.) announced on October 1, 2026, a partial correction to its “Q2 FY2026 Earnings Briefing Transcript.”
• The correction pertains to the content on page 12, “③ Business Alliance with AlbaLink,” of the transcript published on August 18, 2026.
• Prior to the correction, the description stated that AlbaLink would utilize BRO-ZERO for renovation funds in its business of acquiring vacant/distressed properties, renovating them, and selling them to owners.
• The corrected version clarifies that when owners who have purchased properties from AlbaLink consider renovations, AlbaLink will introduce G-BROADENTER’s BRO-ZERO to them, enabling owners to carry out renovations without initial costs.
• The subject of BRO-ZERO utilization has shifted from AlbaLink itself to the property owners introduced by AlbaLink.

This correction appears to aim at clarifying the operational mechanics of the business alliance with AlbaLink, specifically regarding the application of BRO-ZERO. The revised description now specifies that AlbaLink acts as a referrer of BRO-ZERO to property owners, rather than being the direct user of BRO-ZERO for its own renovation funding. This adjustment may provide investors with a more precise understanding of the value chain and G-BROADENTER’s revenue generation opportunities within this partnership.