Japan Stock IR Daily – October 20, 2026 (22 reports)

• Mito Securities announced preliminary results for the second quarter (interim period) of the fiscal year ending March 2027 on October 20, 2026.
• For the interim period of FY2027 (April 1, 2026, to September 30, 2026), operating revenue was ¥9,798 million, marking a 33.4% increase year-on-year.
• Operating profit for the same period was ¥2,651 million (up 131.4% YoY), ordinary profit was ¥2,936 million (up 117.2% YoY), and interim net profit was ¥1,923 million (up 104.1% YoY).
• The primary reasons for the increase in revenue were higher stock-related revenues and recurring revenues (investment trust agency fees and fund wrap fees).
• The official financial results are scheduled to be announced on Thursday, October 29, 2026.

The preliminary interim results indicate a strong performance, with significant year-on-year increases across all key profit metrics. The stated drivers of revenue growth, specifically “stock-related revenues” and “recurring revenues,” may suggest a positive trend in the company’s core business activities and adaptiveness to current market conditions. While these are preliminary figures, they could draw investor attention ahead of the official financial statement release.

• Meiko Network Japan Inc. announced on October 20, 2026, a correction to a portion of its “FY2026 Earnings Presentation Materials.”
• The corrections pertain to the content disclosed in the “FY2026 Earnings Presentation Materials” published on October 14, 2026.
• Specific pages affected are page 8: “Financial Results Overview ①: Performance Highlights (vs. Plan)”, page 12: “Financial Results Overview ⑤: Summary of Profit and Loss (vs. Previous Period)”, and page 62: “Earnings Forecast and Dividend Forecast ②: FY2027 Earnings Forecast.”
• The reason for the correction is the discovery of numerical errors in the descriptions on these pages.
• The “FY2026 Financial Results Summary [Japanese GAAP] (Consolidated)”, released on the same day, remains uncorrected.
• The revised materials are available on the company’s official website.

This announcement addresses a correction made to previously released earnings presentation materials, which are key documents for investors to understand the company’s performance and outlook. The correction involves figures in performance highlights and the next fiscal year’s earnings forecast, which are crucial for investor assessment. While the consolidated financial results summary itself remains unchanged, the accuracy of such investor-facing materials is always a point of interest, and the company’s future disclosure processes may continue to be monitored.

• Kitanotatsujin Corporation announced on October 20, 2026, that it held an earnings presentation for institutional investors and analysts regarding its Q2 FY2027 results.
• The presentation took place on October 16, 2026 (Friday) from 15:30 to 17:00, with explanations provided by President and CEO Katsuhisa Kinoshita.
• The content included a first section on “Business Overview and Business Model Explanation” and a second section on “Q2 FY2027 Financial Results Explanation and Q&A.”
• The presentation materials, a summary of the Q&A, and a video recording of the event are publicly available.
• The company operates a D2C business for cosmetics and health food brand “Kita no Kaitekikobo,” reporting sales of JPY 11.21 billion and operating profit of JPY 1.00 billion for FY2026, with FY2027 forecasts of JPY 15.96 billion in sales and JPY 1.05 billion in operating profit.

This IR provides institutional investors and analysts with an opportunity to gain a deeper understanding of the company’s business model, financial status, and management strategies. It aims to enhance corporate transparency and offer information for long-term investment decisions. Detailed explanations of the D2C business model, unique quality control, and the profit structure of the subscription business may deepen understanding of the company’s competitive advantages and growth strategies.

• Super Tool Co., Ltd. announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending March 2027.
• Interim net sales increased by 7.7% year-on-year to ¥2,968 million.
• Operating profit was ¥133 million (down 34.4% year-on-year), and ordinary profit was ¥143 million (down 33.2% year-on-year).
• Net loss attributable to owners of parent was ¥16 million (compared to a net profit of ¥148 million in the previous interim period).
• The interim net loss was influenced by special losses recorded due to demolition costs for existing facilities associated with new factory construction.
• The full-year consolidated earnings forecast remains unchanged, projecting net sales of ¥5,500 million (up 1.2% year-on-year), operating profit of ¥390 million (up 35.5%), ordinary profit of ¥400 million (up 33.1%), and net profit attributable to owners of parent of ¥170 million (down 14.3%).
• The company forecasts a year-end dividend of ¥30.00, resulting in a total annual dividend of ¥60.00 (including an interim dividend of ¥30.00).

Super Tool’s Q2 FY2027 interim results show an increase in net sales but a decline in operating profit, ordinary profit, and a net loss. The special loss related to new factory construction appears to be a key factor in the interim net loss, suggesting it may be a non-recurring item. The unchanged full-year forecast indicates management’s expectation for a recovery in the second half, which will be an area for investors to monitor.

• Care21 announced the confirmed financial results for its unlisted parent company (other affiliated company), Asashina Yoda Co., Ltd., for the fiscal year ended July 2026.
• As of July 31, 2026, Asashina Yoda’s balance sheet showed total assets of ¥570,550K, total liabilities of ¥181,895K, and total net assets of ¥388,654K.
• For the period from August 1, 2025, to July 31, 2026, the income statement reported net sales of ¥0K, operating loss of ¥9,367K, ordinary income of ¥39,781K, and net income of ¥35,974K.
• The sole shareholder, holding 100.0% of the total outstanding shares (excluding treasury shares), is Mr. Masashi Yoda (2 shares).
• Asashina Yoda Co., Ltd. is stated to be the asset management company for the founding family of Care21.

The disclosure of financial information for an unlisted parent company by a listed entity like Care21 provides valuable insights for investors into the financial health of related parties. The fact that the parent company is described as the asset management company for the founding family may be of interest to investors monitoring corporate governance and overall capital structure of the group. The investment and operational status of such a parent company could indirectly influence the listed subsidiary, making this information potentially relevant for a comprehensive understanding of the corporate ecosystem.

• Takara Holdings Co., Ltd. has set the release date for its Q1 FY2027 financial results as October 23, 2026.
• The Q1 results announcement had been postponed due to an investigation into unclear accounting matters at its consolidated subsidiary, Takara Bio USA, Inc.
• The company confirmed that the investigation, conducted with legal professionals and certified public accountants, has now been completed.
• The Q2 FY2027 financial results are scheduled to be announced on November 10.
• Takara Holdings expressed a deep apology to its shareholders, investors, and other stakeholders for the significant inconvenience and concern caused.

This announcement provides a definitive date for the previously delayed Q1 financial results, following the completion of an investigation into accounting matters at a consolidated subsidiary. The conclusion of the investigation may suggest a path toward resolving the uncertainties that led to the delay. Investors may now focus on the upcoming financial disclosures for details regarding the investigation’s findings and any potential impact on the company’s financial position.

• R-Mitsui Fudosan Accommodation Fund Investment Corporation announced its financial results for the 2026 August fiscal period (March 1, 2026 – August 31, 2026).
• For the 2026 August period, operating revenue was ¥14,592 million (up 6.3% from previous period), operating income was ¥7,524 million (up 9.2%), ordinary income was ¥6,836 million (up 7.6%), and net income was ¥6,835 million (up 7.6%).
• Distribution per unit (excluding profit-in-excess distribution) was ¥2,445.
• The occupancy rate for residential properties at the end of the period was 96.6%, and the rent fluctuation rate upon tenant changeover was 15.2%.
• During the period, a total of 4 properties were acquired (total acquisition price ¥8.0 billion), and 2 properties were sold (total sale price ¥2.8 billion).

R-Mitsui Fudosan Accom.’s FY2026 August results show robust performance with increases across operating revenue, operating income, ordinary income, and net income compared to the previous period. The sustained high occupancy rate for residential properties and a significant rent fluctuation rate suggest a tightening supply-demand balance in the rental housing market and effective asset management strategies. However, the projected decrease in operating revenue, operating income, ordinary income, and net income for the upcoming periods may indicate potential shifts in market conditions or management strategies that investors might want to monitor.

• R-LaSalle Logiport Investment Corporation reported operating revenue of ¥13,210 million for the August 2026 fiscal period (21st period), marking a 5.9% increase from the previous period.
• Operating income reached ¥7,335 million (up 6.1% YoY), ordinary income ¥6,458 million (up 7.3% YoY), and net income ¥6,457 million (up 7.3% YoY).
• Distribution per unit (excluding excess distribution) was ¥3,892, and ¥4,040 including excess distribution.
• Total assets at the end of the period stood at ¥373,436 million, net assets at ¥191,886 million, and the equity ratio was 51.4%.
• The portfolio’s overall occupancy rate for its 19 properties remained strong at 99.2% at period-end, with 170 tenants.

R-LaSalle Logiport Investment Corporation demonstrated solid operational performance in the August 2026 fiscal period, achieving increases across key revenue and profit metrics compared to the previous period. The high occupancy rate of 99.2% across its portfolio suggests a stable income base. Furthermore, the increase in distribution per unit from ¥3,467 to ¥3,892 indicates a commitment to investor returns, which may be a point of interest for investors.

• G-Image Intelligence resolved to acquire all issued shares of CRAD Oita Co., Ltd., making it a subsidiary, and signed a share transfer agreement on October 20, 2026.
• CRAD Oita operates a contact center (total 198 seats) in Oita City as a BPO service provider, with sales of 466 million yen for the fiscal year ended December 2025.
• Concurrently with the share acquisition, G-Image Intelligence, CRAD Co., Ltd., and CRAD Oita entered into a tripartite business alliance agreement.
• The acquisition price for CRAD Oita’s common shares is 200 million yen, resulting in G-Image Intelligence holding 180 shares and a voting rights ownership of 100.0% post-acquisition.
• The share transfer is scheduled to be executed on October 23, 2026, and CRAD Oita is planned to be included in G-Image Intelligence’s “BPO and Service” segment.

This move aligns with G-Image Intelligence’s stated management policy of strengthening its business foundation and recovering profitability through M&A. The acquisition of CRAD Oita is expected to expand the BPO business scale and secure regional operational bases. The concurrent business alliance with CRAD could contribute to the stable continuation of CRAD Oita’s existing transactions, which is worth monitoring. Furthermore, the integration of AI system development resources into contact center operations, aiming for automation and efficiency, represents a strategic step for potential profitability improvement.

• For the second quarter of the fiscal year ending March 2027, consolidated net sales increased by 4.0% year-on-year to ¥33,024 million.
• Consolidated operating income rose by 12.0% year-on-year to ¥1,407 million.
• Consolidated ordinary income decreased by 7.4% year-on-year to ¥1,317 million, primarily due to foreign exchange losses from the valuation of foreign currency-denominated assets.
• Net income attributable to owners of parent declined by 2.4% year-on-year to ¥897 million.
• The Construction Equipment Related Business reported sales of ¥14,352 million (+10.8% YoY) and segment profit of ¥1,569 million (+55.5% YoY).
• The Rental Related Business achieved sales of ¥9,313 million (+5.5% YoY) and segment profit of ¥696 million (+20.5% YoY).
• The Housing Equipment Related Business saw sales decrease to ¥6,807 million (-6.3% YoY) and reported a segment loss of ¥415 million.
• The full-year dividend forecast for the fiscal year ending March 2027 remains unchanged at ¥45.00 per share (interim dividend ¥22.00, year-end dividend ¥23.00).

Alinco’s Q2 FY2027 results show growth in net sales and operating income, yet ordinary and net income were impacted by foreign exchange losses. Strong performance in the Construction Equipment and Rental segments drove revenue increases, while the Housing Equipment segment faced a decline in sales and recorded a loss. Investors may wish to monitor the segmental performance to understand its implications for the company’s overall profitability.

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

• Imamura Securities Co., Ltd. announced its preliminary financial results for the second quarter of the fiscal year ending March 2027 on October 20, 2026.
• For the second quarter of FY2027 (April 1, 2026 – September 30, 2026), preliminary figures are: Operating Revenue of 2,999 million yen, Operating Income of 1,041 million yen, Ordinary Income of 1,078 million yen, and Net Income (interim) of 727 million yen.
• Compared to the prior year’s second quarter (FY2026 interim results), Operating Revenue increased by 40.7%, Operating Income by 113.2%, Ordinary Income by 108.4%, and Net Income (interim) by 110.8%.
• The company attributed this increase in revenue and profit primarily to higher commissions received from stocks and beneficiary certificates.
• The official financial announcement is scheduled for October 27, 2026.

Imamura Securities’ preliminary Q2 results indicate substantial year-on-year growth across key profit metrics, which may suggest strong performance in the current market environment. The reported increase in commissions from stocks and beneficiary certificates could be a significant factor driving this growth, offering insights into the company’s revenue streams. While these are preliminary figures and subject to change upon the official announcement, they provide an early indication for investors to monitor.

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

• G-Serendip announces a decision to execute an absorption merger between its consolidated subsidiaries.
• Serendip Automotive Co., Ltd. will be the surviving company, while Mitsuiya Kogyo Co., Ltd. and Excel Co., Ltd. will be the absorbed companies.
• The merger was approved by the Board of Directors on October 20, 2026. The merger agreement is scheduled to be concluded on December 25, 2026, and the effective date of the merger is planned for April 1, 2027.
• No new shares will be issued, nor will any cash or other assets be delivered in connection with this merger.
• As this merger involves consolidated subsidiaries, its impact on consolidated business results is stated to be minor.

This merger is part of G-Serendip’s previously announced integration plan for Mitsuiya Kogyo and Excel, first disclosed on November 18, 2025. The objective appears to be to combine the resin molding technologies, production, and development functions of both companies under a unified management structure to expedite decision-making and optimize resource allocation. This strategy is expected to accelerate the growth of the automotive parts business through roll-up M&A.

• Decollete Holdings Co., Ltd. resolved to partially amend (expand) its shareholder benefit program at a Board of Directors meeting held on October 20, 2026.
• The stated reason for the change is to increase shareholder utilization opportunities and deepen their interest in the Group’s businesses.
• For shareholders holding 500 shares or more but less than 1,000 shares, the benefit will change from two subsidiary service vouchers to two subsidiary service vouchers plus three IBJ Co., Ltd. service vouchers.
• For shareholders holding 1,000 shares or more, the benefit will change from three subsidiary service vouchers to three subsidiary service vouchers plus three IBJ Co., Ltd. service vouchers.
• The content of the subsidiary service vouchers has been expanded to include a 3,000 yen discount for “Life photo (other commemorative photos),” in addition to the existing 20,000 yen discount for wedding photos and 10,000 yen discount for anniversary photos.
• IBJ Co., Ltd. service vouchers include “Premium Konkatsu Yell Ticket (Online),” “Premium Konkatsu Yell Ticket (Marriage Consulting Service),” and “Premium Life Yell Ticket.”
• This change will apply to shareholders recorded in the shareholder register as of the record date of September 30, 2026.

The expansion of the shareholder benefit program, particularly the addition of IBJ Co., Ltd. service vouchers for shareholders holding 500 shares or more, may suggest an effort to broaden the appeal of the benefits. The inclusion of “Life photo” discounts in the subsidiary service vouchers indicates an attempt to cater to a wider range of life events beyond weddings and anniversaries. These adjustments could be aimed at enhancing shareholder engagement and promoting a deeper understanding of the company’s diverse service offerings.

• Aizawa Securities Group announced preliminary consolidated financial results for the second quarter (interim period) of the fiscal year ending March 2027 on October 20, 2026.
• For the period from April 1, 2026, to September 30, 2026, consolidated operating revenue was ¥11,695 million, marking a 17.7% increase compared to ¥9,937 million in the same period of the previous year.
• Consolidated operating income turned profitable at ¥708 million, recovering from an operating loss of △¥226 million in the prior year’s interim period.
• Consolidated ordinary income rose to ¥1,014 million, an 832.7% increase from ¥108 million in the same period last year.
• Net income attributable to owners of the parent company for the interim period increased by 82.6% to ¥1,827 million, up from ¥1,000 million in the previous year.
• The primary reasons cited for these increases in revenue and profit include higher subscription fees and trust fees for investment trusts, investment advisory fees for wrap products, and revenue from investee funds.
• The official announcement is scheduled for Thursday, October 29, 2026.

These preliminary results suggest that revenue from investment trusts and wrap products significantly bolstered the company’s performance in the interim period, leading to a return to operating profitability. For investors, this indicates that specific revenue streams have shown robustness in a financial instruments business susceptible to economic and market fluctuations. It would be prudent for investors to await the official announcement for more detailed insights into the underlying factors and the sustainability of these revenue structures.

• Relo Group Inc. decided to acquire shares of ATIV Medical Pte. Ltd., making it a subsidiary, effective October 20, 2026.
• ATIV Medical Pte. Ltd. was established in Singapore on April 11, 2022, and provides healthcare services to Japanese expatriates and tourists in various Southeast Asian countries.
• Relo Group states that this acquisition will enable the creation of a value chain covering “from pre-assignment to local life,” by integrating its overseas assignment support business with ATIV Medical’s medical services.
• The number of shares acquired is 242,910,000, representing a 90.0% voting rights ownership.
• The acquisition cost for ATIV Medical’s common shares is JPY 1,620 million, with a total estimated cost of approximately JPY 1,680 million including advisory fees.
• The scheduled share transfer date is October 30, 2026.

This acquisition appears consistent with Relo Group’s vision of “creating a global ‘comprehensive life support service industry’.” The integration of overseas assignment support with healthcare services could enhance customer value and potentially contribute to corporate value through business synergies. It is also notable that ATIV Medical has shown consistent growth in consolidated sales and profits over the past three years.

• Fukuoka REIT (Code: 8968) has released its financial results for the August 2026 fiscal period.
• For the August 2026 period, operating revenue was ¥10,898 million (up 0.7% from the previous period), operating income was ¥4,463 million (down 0.5%), ordinary income was ¥3,932 million (down 1.8%), and net income was ¥3,931 million (down 1.8%).
• Distribution per unit (DPU) was ¥4,075 (compared to ¥4,151 in the previous period), with total distributions amounting to ¥3,540 million.
• As of the end of the August 2026 period, total assets stood at ¥227,404 million, net assets at ¥114,052 million, and the equity ratio was 50.2%.
• Forecasts for the February 2027 and August 2027 periods were also announced. The forecast for the February 2027 period includes an operating revenue of ¥10,885 million (down 0.1% from the current period) and a DPU of ¥4,040. For the August 2027 period, operating revenue is forecast at ¥10,773 million (down 1.0%), and DPU at ¥4,050.

While operating revenue saw a slight increase, operating income, ordinary income, and net income decreased compared to the previous period. The distribution per unit also declined, though the equity ratio improved. The outlook for the upcoming periods suggests a minor decrease in operating revenue and a relatively stable distribution per unit, which may be a point of interest for investors to monitor.

• G-Welby and its consolidated subsidiary Welby Healthcare Solutions, Inc. (WHS) resolved at their Board of Directors meeting on October 20, 2026, to enter into a business alliance agreement with TISI Corporation.
• On the same day, WHS resolved to conduct a third-party allocation of new shares to TISI, establishing a capital alliance. TISI is scheduled to acquire 1,103 shares, representing 34.01% of WHS’s outstanding shares.
• The business alliance primarily entails joint sales, product development, and promotional activities for local government and medical institution businesses, as well as service integration, functional development of PHR platforms and applications held/provided by both companies, and promotion of joint data utilization.
• G-Welby has provided the PHR service “Welby My Carte” for over 12 years, adopted by approximately 7,000 medical institutions. TISI has offered the PHR service “Healthcare Passport” since 2020, with a track record of data linkage with large hospitals and implementation in local governments and administrations.
• The impact of this matter on the consolidated financial results for the fiscal year ending December 2026 is expected to be minor, and WHS will remain a consolidated subsidiary of G-Welby after the capital increase.

This alliance appears to integrate the strengths of G-Welby’s “Welby My Carte” and TISI’s “Healthcare Passport” PHR services, aiming to expand their business towards local governments and medical institutions. The accompanying capital alliance suggests an intention to solidify the business collaboration and accelerate the growth of their PHR ventures. While expected to contribute to long-term corporate value enhancement, the short-term impact on financial performance is stated as minor.

• Ｇ－ネイス has released the transcript of its “FY2026 Full-Year Financial Results Briefing” held on October 19, 2026.
• For the fiscal year ended August 2026, revenue was ¥3.654 billion, a 28% increase year-on-year, meeting the company’s plan.
• Ordinary profit for the same period was ¥606 million, a 69% increase year-on-year, but it fell short of the ¥680 million forecast by 10.8%. The primary reasons cited for the shortfall were increased expenses due to strengthening headquarters personnel and differences in the proportion of directly managed versus franchised store openings.
• For the fiscal year ending August 2027, the company forecasts revenue of ¥4.350 billion (19% increase YoY) and ordinary profit of ¥450 million (decreased YoY). The projected decrease in ordinary profit is attributed to the non-inclusion of store transfer gains (approx. ¥210 million) recorded in the previous year’s plan and upfront investments in overseas and new businesses.
• As of the end of August 2026, the company’s store count reached 207 and membership exceeded 53,685, both marking new record highs.

Ｇ－ネイス’s FY2026 results indicate robust revenue growth aligning with plans, though ordinary profit fell short due to strategic investments for future expansion. The FY2027 ordinary profit forecast projects a decline, which is explained by the absence of prior year’s one-off gains and continued upfront investments in new and international ventures. Investors may focus on the underlying growth of its core businesses as these strategic investments mature.

• NICHIRYOKU resolved to expand its shareholder benefit program at a board meeting held on October 20, 2026.
• The newly established program targets shareholders who hold 1,000 or more shares of the company’s stock as of March 31st each year and meet a continuous holding requirement of at least one year.
• Benefits include company gift certificates, with amounts varying by the number of shares held: ¥10,000 for 1,000 to less than 3,000 shares, and ¥50,000 for 10,000 or more shares.
• For the first year of the program, with the record date of March 31, 2027, shareholders with less than one year of continuous holding will also be eligible.
• The existing lottery-based shareholder benefit program and other current benefits will continue unchanged.

The expansion of NICHIRYOKU’s shareholder benefit program, introducing gift certificates based on shareholding, could be seen as an effort to offer more direct returns to a broader base of shareholders. The inclusion of a one-year continuous holding requirement may aim to encourage long-term investment and foster a stable shareholder base. With existing benefits also continuing, this move might be perceived as a comprehensive enhancement of the company’s shareholder return policy.

• G-Forcia released supplementary materials for its individual investor earnings briefing for the second quarter (interim) of the fiscal year ending February 2027 on October 20, 2026.
• For the second quarter (interim) of FY2027, net sales reached ¥1,806 million (up 64.5% year-on-year), and operating profit was ¥345 million (up 933.1% year-on-year).
• The significant increase in revenue and profit was primarily driven by the growth in development revenue, with SaaS-type development revenue notably rising to ¥1,083 million (up 270.8% year-on-year).
• Due to a revision in revenue recognition timing from the previous fiscal year, sales from certain large projects that completed delivery and inspection during the second quarter were recorded in the interim period. This includes approximately ¥300 million anticipated in the previous fiscal year and ¥100 million corresponding to Q1 operations.
• Interim net income includes the effect of a ¥67 million reduction in tax expenses due to the recognition of deferred tax assets.

The significant increase in G-Forcia’s revenue and operating profit in the interim period was driven by progress in key client projects and the recognition of revenue from large projects. The substantial growth in SaaS-type development revenue may indicate a strengthening of the company’s future earnings base. The booking of deferred tax assets is also a noteworthy one-off factor impacting interim net income.

• Ferrotec’s consolidated subsidiary, Hangzhou Ferrotec Material Co., Ltd., has entered into a strategic collaboration agreement with InnoLight Co., Ltd.
• The collaboration focuses on the supply and joint development of products such as TEC (Thermo-Electric Cooler) and Submounts, as well as cooperation in technology and materials required for AIDC (AI Data Center) optical interconnect products.
• InnoLight Co., Ltd. is a major provider of high-speed optical interconnect products (e.g., 400G, 800G, 1.6T) for AI infrastructure and cloud computing applications.
• The contract signing and partnership commencement dates are scheduled for mid-October 2026, with the Board of Directors’ resolution date on October 20, 2026.
• Ferrotec positions this collaboration as a crucial initiative for expanding business opportunities in its TEC business and strengthening its business foundation in AIDC-related optical interconnect devices and materials.

This partnership suggests that Ferrotec Group’s thermal management and precision material technologies could play a pivotal role in the high-speed optical communication market for data centers, driven by the proliferation of generative AI and cloud services. Strengthening ties with a key customer like InnoLight may enhance Ferrotec’s capabilities in next-generation optical communication technologies and contribute to establishing a stable supply chain. The announcement underscores the strategic importance of the TEC business in Ferrotec’s future growth trajectory.

• Welldish Co., Ltd. resolved to abolish its shareholder benefit program at a Board of Directors meeting held on October 20, 2026.
• The reason for the abolition is the company’s designation as a “Security on Alert” by the Tokyo Stock Exchange and its entry into a grace period for the loss of substantial going concern, as announced on September 29, 2026.
• The company determined to abolish the program after considering the appropriate allocation of management resources, prioritizing the stabilization of its management and financial foundations and the improvement/strengthening of internal control systems.
• The final shareholder benefit will be for shareholders recorded in the company’s shareholder registry as of the record date of August 31, 2026.
• The final benefits include a 20,000 yen equivalent product assortment for shareholders holding 3,000 shares or more, and a 5,000 yen QUO card for shareholders continuously holding 300 shares or more for six months, with an estimated delivery in mid-December 2026.

This IR states that Welldish has decided to discontinue its shareholder benefit program. The background of being designated a “Security on Alert” by the Tokyo Stock Exchange and entering a grace period for the loss of substantial going concern suggests a reprioritization of management resources towards stabilizing its foundation and strengthening internal controls. Investors may want to note the specified final record date and benefit details to understand the immediate impact.

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