Japan Stock IR Daily – October 22, 2026 (18 reports)

• CEL Corporation released its earnings presentation for the first half of the fiscal year ending February 2027 on October 22, 2026.
• The company’s business activities include planning, design, and construction of rental apartments for young adults, real estate development and sales, and apartment management services.
• As of August 31, 2026, the company had 193 employees (excluding executives and temporary staff) and two consolidated subsidiaries: CEL Rent Partners Co., Ltd. and CEL Komuten Co., Ltd.
• The “Vision 2030” outlines a strategy to become a niche-top company by specializing in steel-frame apartments for young adults in the Tokyo metropolitan area.
• Key strengths include in-house production of high-rigidity components using the “CEL Z” construction method (jointly developed with Nippon Steel) at its Chiba factory, differentiated exterior designs featuring red brick tones, and unique spatial designs such as “concave-convex design” and “three-dimensional design.”

CEL Corporation’s IR document highlights its specialized focus on the rental apartment market for young adults in the Tokyo metropolitan area, leveraging unique technology and design for differentiation. The in-house production of high-rigidity components and innovative spatial design appear to be crucial elements for establishing a competitive advantage. The progress of the “Vision 2030” initiatives may be a key point for investors to monitor going forward.

• Ishizuka Glass Co., Ltd. announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending March 2027.
• Net sales were ¥30,796 million, marking a 0.1% increase compared to the prior interim period.
• Operating profit was ¥2,446 million (down 15.9% year-on-year), and ordinary profit was ¥2,506 million (down 4.8% year-on-year).
• Net income attributable to owners of the parent company amounted to ¥1,897 million, an increase of 5.8% from the prior interim period.
• Interim net income per share was ¥454.38.
• The full-year consolidated earnings forecast remains unchanged, projecting net sales of ¥62,000 million, operating profit of ¥3,500 million, ordinary profit of ¥3,200 million, net income attributable to owners of parent of ¥2,150 million, and basic earnings per share of ¥514.90.
• The forecast for the annual dividend per share is ¥72.00 for the fiscal year-end, totaling ¥72.00.
• As of the end of the interim period, total assets were ¥103,068 million, net assets were ¥42,333 million, and the equity ratio was 39.5%.

While net sales showed a slight increase, the decline in operating and ordinary profits, coupled with an increase in net income attributable to owners of the parent, warrants attention. This discrepancy may suggest the impact of extraordinary gains, such as the sale of idle land. Investors might monitor the sustainability of earnings and potential shifts in the company’s profit structure moving forward, especially given that the full-year forecasts remain unchanged.

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

• Operating revenue for H1 FY2027 reached ¥764 million, a 63.4% increase compared to the prior year’s interim period.
• Net operating revenue was ¥744 million, marking a 69.3% increase year-on-year.
• Ordinary profit stood at ¥313 million (up 519.4% YoY), and net profit for the interim period was ¥264 million (up 536.2% YoY).
• Interim net earnings per share were ¥28.05.
• As of the end of the interim period, total assets were ¥23,496 million, net assets were ¥16,962 million, and the capital adequacy ratio was 72.2%.
• The average number of shares outstanding during the interim period was 9,434,359.

The substantial increase in revenue and profit during this interim period appears to be driven by a strong performance in the proprietary trading division, coupled with increased commission income from the consulting division, against a backdrop of an active stock market. The growth in total and net assets may suggest a strengthening of the company’s financial position. However, as the securities business is inherently sensitive to market fluctuations, future market conditions will remain a key factor to monitor for the company’s performance.

• For the first half of the fiscal year ending February 2027, Kaito-Ohkoku reported net sales of ¥4,811 million, operating profit of ¥289 million, and ordinary profit of ¥306 million, marking new record highs for a half-year period.
• The company achieved record-high monthly sales for 54 consecutive months, starting from March 2022 through the current reporting period.
• The growth rate for existing store sales was 105.6% for the first half of the fiscal year.
• Four directly managed stores and one franchised store were opened during the second quarter cumulatively. The company plans to open 9 stores plus 1 FC store for the full year, exceeding the initial annual plan of 8 stores.
• By product category, sales increased year-on-year in fashion, tools, hobbies, and trading cards, while precious metals saw a decrease due to a fall in gold prices and increased competition.

Kaito-Ohkoku’s report of record-high half-year sales and profits, coupled with a strong performance in existing store sales, suggests robust operational momentum. The consistent 54-month streak of record monthly sales may indicate a sustainable growth trajectory for the business. Furthermore, the pace of new store openings exceeding initial plans could signal a continued focus on market expansion, which investors may find noteworthy.

• GMO Financial Holdings announced its unaudited consolidated financial results for the third quarter of the fiscal year ending December 2026.
• Operating revenue reached ¥44,507 million, operating profit ¥16,065 million, ordinary profit ¥15,990 million, and net profit attributable to parent company shareholders ¥10,531 million.
• These results represent a year-on-year increase of 15.9% for operating revenue, 17.3% for operating profit, 24.4% for ordinary profit, and 18.2% for net profit, marking record-high performance for the nine-month period.
• The company also announced a revision to its dividend forecast, increasing the full-year dividend per share for FY2026 from the initial ¥42.08 to ¥68.60 (¥20.23 per quarter).
• This upward revision was made based on the company’s policy of a dividend payout ratio of 65% or more and a minimum DOE (Dividend on Equity) of 10%, with the surplus from the Q3 net profit being equally distributed across the Q3 and Q4 dividends.

The double-digit growth across all profit metrics in the consolidated financial results may suggest a robust performance across the company’s operations. The substantial upward revision of the dividend forecast, driven by strong net profit progression and aligned with the shareholder return policy, could be a key point of interest for investors. While foreign exchange market volatility and robust CFD revenues were identified as key drivers, a decrease in crypto asset business revenue was also noted, indicating the diverse nature of the company’s business portfolio.

• JESCO HD announced its consolidated financial results for the fiscal year ended August 2026.
• Net sales amounted to ¥18,063 million, representing a 5.3% decrease year-on-year.
• Operating profit reached a record high of ¥1,927 million, an increase of 11.9% year-on-year.
• Net profit attributable to owners of parent was ¥1,209 million, up 12.4% year-on-year.
• Operating profit for the domestic EPC segment was ¥1,624 million, a 37.7% increase year-on-year, primarily driven by the communication systems sector.
• Within the domestic EPC segment, sales for solar power generation facilities were ¥1,820 million (50.9% decrease YoY), while communication systems sales were ¥5,603 million (18.8% increase YoY).
• Consolidated orders received totaled ¥16,641 million, and consolidated order backlog reached ¥21,462 million.

• SRE Holdings Corporation announced a partial correction to its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 [Japanese GAAP]” which was disclosed on May 13, 2026.
• The reason for the correction was the discovery of errors in certain descriptions after the submission of the original financial results.
• Under “2. Dividends,” the forecasted dividend payout ratio on net assets (consolidated) for the fiscal year ending March 2027 was corrected from “11.9%” to “11.4%”.
• Under “3. Consolidated Business Forecast for the Fiscal Year Ending March 31, 2027,” the full-year earnings per share (EPS) was corrected from “¥167.58” to “¥175.60”.
• No other numerical data, including total annual dividends, dividend payout ratio, net sales, operating profit, ordinary profit, and net profit attributable to parent company shareholders, were altered.

This correction primarily involves adjustments to certain forecasted figures for the fiscal year ending March 2027. The upward revision of earnings per share (EPS) for the forecast period could be viewed positively by investors. Conversely, the slight downward revision of the dividend payout ratio on net assets is also a noteworthy point. Investors may consider monitoring how these specific adjustments influence market perceptions of the company’s future outlook.

• Bronco B Co., Ltd. announced its Q3 FY2026 financial results (January 1, 2026, to September 30, 2026).
• Consolidated cumulative performance shows net sales of ¥25,351 million (up 12.8% year-on-year), operating profit of ¥3,054 million (up 48.4%), ordinary profit of ¥3,073 million (up 44.2%), and profit attributable to owners of parent of ¥2,049 million (up 44.3%).
• Diluted earnings per share for the quarter were ¥68.79, calculated considering a 2-for-1 stock split effective July 1, 2026 (compared to ¥47.70 in the prior year period).
• The full-year consolidated earnings forecast remains unchanged from the most recently published forecast, projecting net sales of ¥34,000 million (up 12.5%), operating profit of ¥3,970 million (up 35.5%), ordinary profit of ¥4,020 million (up 32.9%), and profit attributable to owners of parent of ¥2,600 million (up 32.0%).
• During this consolidated cumulative period, Bronco B acquired Asahi Meat Co., Ltd., a company engaged in meat processing and sales, as a wholly-owned subsidiary.

Bronco B’s Q3 FY2026 results show significant year-on-year increases across all key profitability metrics. This performance may suggest that the company’s strategies, including menu enhancements, promotional activities, new store openings, and the acquisition of a meat processing company, are effectively contributing to revenue growth and profit expansion. In the face of a challenging restaurant industry environment, these results could indicate the successful execution of their business expansion and efficiency improvement initiatives.

• OMIKENSHI Co., Ltd. announced its consolidated financial results for the first quarter of the fiscal year ending March 2027 (April 1, 2026 – June 30, 2026).
• During the cumulative first quarter, net sales amounted to ¥621 million, representing an 11.4% decrease compared to the same period of the previous year.
• Operating income was ¥33 million, a turnaround from an operating loss of ¥13 million in the prior-year quarter.
• Ordinary loss narrowed to ¥17 million, from an ordinary loss of ¥81 million in the prior-year quarter.
• Net loss attributable to owners of the parent company was ¥47 million, an improvement from a net loss of ¥101 million in the prior-year quarter.
• There are no revisions to the full-year consolidated earnings forecast or the year-end dividend forecast from the latest publicly announced figures.

OMIKENSHI’s Q1 results show a mixed picture with a decline in net sales but a notable improvement in profitability, as operating income turned positive and losses at the ordinary and net levels narrowed. This could suggest that the company’s efforts to improve profitability across its segments are yielding results, despite challenging economic conditions such as persistent inflation and geopolitical risks. The shift from an operating loss to a profit is a key indicator that investors may want to monitor for sustained recovery.

• G-Axel M announced a change in its fiscal year end from the current September 30 to December 31 annually.
• Concurrently, the transitional 35th fiscal year will span 15 months, from October 1, 2026, to December 31, 2027.
• This change is conditional upon the approval of the proposed amendments to the Articles of Incorporation at the 34th Annual General Meeting of Shareholders scheduled for December 23, 2026.
• The proposed amendments include changing the timing of the ordinary general meeting of shareholders from December to March, the record date for voting rights from September 30 to December 31, the fiscal year from October 1-September 30 to January 1-December 31, and the record date for dividend distribution.
• The company stated the reason for the change is to stabilize its financial, audit, and disclosure systems by avoiding overlap with the peak season (October to December) of external experts such as financial advisory firms and audit firms.

The change in fiscal year end appears to be a strategic move to optimize the company’s operational efficiency in financial reporting and auditing. This adjustment could indicate a proactive effort to enhance the quality and reliability of its financial disclosures by ensuring sufficient support from external experts. Investors may wish to monitor the company’s performance during the upcoming 15-month transitional fiscal year for further insights into its business trajectory.

• Ｒ－オリックスＦ announced its financial results for the August 2026 fiscal year, with operating revenue of ¥31,807 million (up 2.0% YoY), operating profit of ¥17,091 million (up 5.2% YoY), ordinary profit of ¥14,944 million (up 3.7% YoY), and net income of ¥14,921 million (up 3.6% YoY).
• Per-unit distribution (excluding excess distributions) was ¥2,504, an increase from ¥2,414 in the previous period. The dividend payout ratio was 92.6%.
• Total assets stood at ¥756,738 million, net assets at ¥355,242 million, and the equity ratio at 46.9%.
• During the period, the REIT acquired “Kamata Prime,” “Bayside Park OSAKA South Residences,” and “Bayside Park OSAKA North Residences,” among others, while selling “Aoyama Suncrest Building” and “Hamamatsu Act Tower.”
• For the February 2027 fiscal year, operating revenue is projected to be ¥29,020 million (down 8.8% YoY) with a per-unit distribution of ¥2,470. The subsequent August 2027 fiscal year is projected to have operating revenue of ¥28,701 million (down 1.1% YoY) and a per-unit distribution of ¥2,300.

Ｒ－オリックスＦ’s August 2026 fiscal year showed growth in operating revenue and profits, despite a mix of property acquisitions and dispositions. However, the outlook for the February 2027 and August 2027 fiscal years projects declines in both revenue and profit, which may lead to a decrease in per-unit distributions. Investors might monitor the REIT’s future portfolio strategy and efforts to improve earnings. While cash flow from operating activities increased, a significant negative cash flow from investing activities indicates substantial investment during the period.

• G-AB&C Co., Ltd. announced changes to its shareholder benefit program on October 22, 2026.
• The reason for the change is to increase the value of discount and privilege coupons for shareholders, in response to price revisions of online store products due to rising procurement and operational costs.
• Under the revised program, shareholders holding 100 to less than 200 shares will receive an 8,000 yen equivalent online store discount coupon (applicable for purchases of 11,000 yen or more).
• Shareholders holding 200 to less than 500 shares will receive an 11,000 yen equivalent online store privilege coupon, and those holding 500 to less than 600 shares will receive a 22,000 yen equivalent online store privilege coupon.
• Shareholders holding 600 or more shares will receive either a 22,000 yen equivalent online store privilege coupon or an original hairdryer.
• These changes will apply starting from the shareholder benefit program based on the record date of October 31, 2026.
• The company states that the impact on business performance from this change, while involving a slight increase in shareholder benefit expenses, is expected to be minor.

G-AB&C’s decision to modify its shareholder benefit program appears to be an effort to maintain and enhance shareholder returns despite increasing product costs. The increased value of discount and privilege coupons could be viewed as a positive adjustment for shareholders. This move may help sustain shareholder engagement, especially among those who regularly utilize the company’s online store, and is worth monitoring as part of the company’s overall shareholder relations strategy.

• SE Holdings and Incubations, Inc. (SE H&I) announced its consolidated financial results for the second quarter of the fiscal year ending March 2027.
• Net sales for the interim period were ¥3,434 million, a 0.5% decrease compared to the same period in the previous year.
• Operating profit increased by 93.9% to ¥752 million, ordinary profit by 148.8% to ¥762 million, and net profit attributable to parent company shareholders surged by 154.8% to ¥516 million.
• By segment, the Investment Management business significantly contributed, with sales of ¥662 million (up 175.9% year-on-year) and segment profit of ¥595 million (up 219.0% year-on-year).
• The consolidated full-year forecast for FY2027 remains unchanged, projecting net sales of ¥6,700 million, operating profit of ¥1,100 million, ordinary profit of ¥1,000 million, and net profit attributable to parent company shareholders of ¥700 million.

The company’s substantial profit growth, despite a slight decline in net sales, is a key takeaway from this report. The strong performance of the Investment Management business appears to be a primary driver for the overall profitability, suggesting an evolving business structure. The unchanged full-year forecast indicates that management is confident in achieving its initial annual targets.

• G-Circleace has announced its preliminary consolidated financial results for the second quarter (interim period) of the fiscal year ending March 2027.
• For the period from April 1, 2026, to September 30, 2026, net sales reached ¥2,611 million, marking a 24.7% increase compared to ¥2,094 million in the same period of the previous year.
• The company reported an operating loss of ¥101 million, an ordinary loss of ¥83 million, and an interim net loss attributable to parent company shareholders of ¥55 million. In the prior year’s interim period, these figures were profits of ¥6 million, ¥3 million, and ¥15 million, respectively.
• Reasons cited for the losses include increased expenses associated with strengthening AI-related investments (¥52 million) and higher subcontracting costs due to expanding project scales (¥220 million).
• There is no revision to the consolidated earnings forecast for the fiscal year ending March 2027, which was announced on May 14, 2026.
• The official announcement of these results is scheduled for Thursday, November 12, 2026.

While the significant year-over-year growth in net sales suggests strong top-line performance, the incurrence of losses at each profit stage due to aggressive investments and business expansion is a key point for investors to consider. The increase in AI-related investments and subcontracting costs could be interpreted as strategic upfront investments aimed at future growth. Investors may wish to monitor how these investments are expected to contribute to future profitability, with further details anticipated in the official announcement.

• DISCO Corporation announced its consolidated financial results for the second quarter of the fiscal year ending March 2027 (interim period: April 1, 2026, to September 30, 2026).
• Consolidated net sales were ¥257,058 million (up 32.1% year-on-year), operating profit was ¥116,639 million (up 47.9% year-on-year), ordinary profit was ¥114,437 million (up 44.0% year-on-year), and net income attributable to owners of parent was ¥80,366 million (up 43.7% year-on-year).
• Interim net income per share was ¥740.84.
• The interim dividend forecast was revised from ¥129.00 to ¥186.00. The year-end dividend forecast remains undecided at this time.
• The consolidated earnings forecast for the third quarter of the fiscal year ending March 2027 (cumulative: April 1, 2026, to December 31, 2026) was disclosed, projecting net sales of ¥389,500 million (up 28.2% year-on-year), operating profit of ¥174,700 million (up 38.4% year-on-year), and net income attributable to owners of parent of ¥121,900 million (up 31.6% year-on-year).
• Shipments for the interim period amounted to ¥284,584 million (up 37.2% year-on-year).
• Total assets were ¥824,584 million (up ¥81,173 million from the end of the previous fiscal year), and the equity ratio was 76.1%.
• Cash flows from operating activities resulted in an inflow of ¥111,708 million (up 181.5% year-on-year).

The interim period’s strong performance appears to be driven by robust demand for high-performance semiconductors, including advanced logic and HBM, fueled by ongoing data center investments related to generative AI. Favorable foreign exchange effects and an increase in high-value-added products likely contributed to the improved gross profit margin, offsetting increases in selling, general, and administrative expenses. The upward revision of the full-year earnings forecast could indicate the company’s positive outlook on the ongoing market conditions.

• Traders Holdings Co., Ltd. announced the financial results for its unlisted parent company, K Power Co., Ltd., for the fiscal year ended July 2026 (August 1, 2025, to July 31, 2026).
• K Power Co., Ltd.’s business activities include the holding, operation, management, and trading of securities and crypto assets.
• According to the income statement, K Power reported sales of ¥235 million, operating profit of ¥213 million, ordinary profit of ¥360 million, and net income of ¥310 million for the fiscal year ended July 2026.
• As of July 31, 2026, the balance sheet showed current assets of ¥1,147 million, fixed assets of ¥4,879 million, and total assets of ¥6,026 million.
• All 1,000 shares (100.0%) of K Power Co., Ltd. are owned by its representative director, Takeshi Kanemaru.

The disclosure of an unlisted parent company’s financial results serves to enhance the transparency of a listed company. This information may contribute to a deeper understanding of the overall financial health and management structure of the group, including its affiliates. For investors, these details could be a valuable reference point for assessing the potential impact of the parent company’s business activities and financial condition on Traders Holdings’ operations.

• Maruhachi Securities announced preliminary financial results for the second quarter of the fiscal year ending March 2027 on October 22, 2026. The official announcement is scheduled for October 30, 2026.
• For the second quarter of FY2027 (April 1, 2026 – September 30, 2026), operating revenue reached ¥2,145 million, representing a 24.6% increase compared to the same period in the previous year.
• Operating profit was ¥628 million, a 64.8% increase year-on-year.
• Ordinary profit surged to ¥968 million, marking a substantial 123.8% increase from the prior year’s corresponding period.
• Interim net profit stood at ¥657 million, an increase of 108.1% year-on-year.
• The company attributed the improved performance to increased commission fees for stock trading, as well as non-operating income from sales of investment securities and dividends received.

Maruhachi Securities’ preliminary Q2 FY2027 results show significant year-on-year growth across key profit metrics, with ordinary profit and interim net profit experiencing triple-digit increases. The increase in stock commission fees contributed to operating revenue, while non-operating income from investment sales and dividends also boosted overall profits. Given that the financial instruments business is highly susceptible to market fluctuations, these results may suggest a favorable market environment or effective operational strategies during the period. Investors may monitor the official announcement for further details and insights into the drivers of this strong performance.

• Nippon Chori Co., Ltd. has revised its full-year consolidated earnings forecast for the fiscal year ending September 2026, which was initially announced on August 7, 2026.
• The revised net sales forecast increased from JPY 19,100 million to JPY 20,886 million, operating income from JPY 820 million to JPY 1,344 million, ordinary income from JPY 830 million to JPY 1,360 million, and net income from JPY 500 million to JPY 912 million.
• Consequently, the earnings per share (EPS) forecast was revised from JPY 112.22 to JPY 204.70.
• The upward revision is attributed to stronger-than-expected order intake in both the school meal service sector and other institutional catering sectors (e.g., employee cafeterias, hotels), as well as progress in managing rising material costs.
• The annual dividend forecast for the fiscal year ending September 2026 has been revised upwards by JPY 30, from JPY 45.00 per share to JPY 75.00 per share.