Japan Stock IR Daily – September 02, 2026 (10 reports)

• Starseeds resolved to introduce a continuous shareholder benefit program at its Board of Directors meeting held on September 2, 2026.
• Eligible shareholders are those recorded in the company’s shareholder registry as of August 31 and February 28 each year, holding 500 shares (5 units) or more continuously for at least 6 months, primarily residents of Japan.
• The shareholder benefit consists of a QUO card worth ¥30,000 for each record date (August 31 and February 28), totaling ¥60,000 annually.
• The first record date will be February 28, 2027, for which the continuous holding period requirement will be reduced to 3 months for shareholders holding 500 shares (5 units) or more.
• This new program is distinct from the one-time shareholder benefit announced on July 11, 2024, and is designed to be a continuous annual program.

Starseeds’ announcement of a new continuous shareholder benefit program marks a shift from its previous one-time benefit. The program’s objective to cultivate and expand a base of long-term “fan” shareholders, contingent on a continuous holding period, suggests a strategic focus on stabilizing its shareholder base. The annual provision of ¥60,000 in QUO cards for holding 500 or more shares could be seen as an attractive incentive for investors considering a mid- to long-term holding strategy.

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

• Pure Gold Trust (Fund Name: Pure Gold ETF (Physical, Domestic Storage), Code: 1540) announced its interim financial results for the first half of fiscal year 2026 (January 21, 2026 to July 20, 2026).
• As of July 20, 2026, net assets amounted to ¥899,473,248 thousand, an increase from ¥765,913,344 thousand at the end of the previous period (January 2026).
• The primary investment asset, gold bullion, was valued at ¥899,894,421 thousand, representing 100.0% of total assets.
• The number of outstanding units increased to 74,260,666 units, up from 70,781,506 units at the end of the previous period. New subscriptions totaled 8,301,210 units, while conversions amounted to 4,822,050 units.
• Net Asset Value per unit reached ¥12,112.38 (previous period: ¥10,820.81), and the net interim loss per unit was △¥25.00 (previous interim period: △¥16.73).
• For the current interim period, operating revenue was ¥1,612,211 thousand, and operating expenses were ¥3,539,712 thousand, resulting in an interim net loss of △¥1,927,501 thousand.

The Pure Gold Trust’s H1 FY2026 results show an increase in net assets and NAV per unit, which likely reflects the performance of its gold bullion investments. The rise in outstanding units suggests an inflow of new capital from investors, potentially indicating growing demand for gold in the precious metals market. The expanded interim net loss, however, appears to be influenced by an increase in operating expenses.

• Ｇ－ＡｐｐＢａｎｋ’s Board of Directors approved the transfer of the 15th series of stock acquisition rights on September 2, 2026.
• The transferor is G.K. Double R, and the transferee is Mitsuzo Partners, Inc. The transfer involves 5,000 stock acquisition rights (representing 500,000 potential shares) at a transfer price of 940,000 JPY.
• A stock acquisition rights transfer agreement will be concluded between the Company, G.K. Double R, and Mitsuzo Partners, Inc. in connection with this transfer.
• The capital and business alliance between the Company and G.K. Double R is expected to be dissolved as a result of this transfer.
• Mitsuzo Partners, Inc. has verbally confirmed its intention to exercise the acquired stock acquisition rights promptly before the expiration date of November 16, 2027.

This development indicates a strategic realignment by G-AppBank due to unmet expectations from its initial business alliance. The transfer of stock acquisition rights to Mitsuzo Partners, Inc., whose CEO, Mitsuzo Inada, also serves as G-AppBank’s Executive Vice President, suggests an intent to streamline fundraising and enhance corporate value through a more integrated relationship. This could potentially facilitate smoother capital injection for G-AppBank’s growth initiatives, making it a point of interest for investors to monitor the impact on future fundraising and business expansion.

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

• G-PEARS, Inc. announced a revision to its year-end dividend forecast for the fiscal year ending September 30, 2026.
• The revised year-end dividend forecast is JPY 17.00 per share (ordinary dividend JPY 17.00).
• This revision is an increase from the previous forecast (undecided) announced on November 13, 2025, and an increase from the actual year-end dividend of JPY 16.00 for the previous fiscal year (September 2025).
• The company’s basic policy is progressive dividends, aiming for continuous expansion of mid- to long-term dividend amounts, with a dividend payout ratio target of 30% or more.
• This revision is a result of a comprehensive consideration of current business performance trends and financial conditions, in line with the stated policy.

The revision of G-PEARS’ dividend forecast suggests a proactive stance towards shareholder returns. The increase from the previous fiscal year’s actual dividend, coupled with a progressive dividend policy, could enhance investor confidence in the company’s commitment to stable future dividends. This approach of aligning dividend payouts with business performance may be a key point for investors to consider.

• UNITED ARROWS reported a company-wide sales increase of 111.1% year-on-year for August 2026.
• Existing store sales (retail + e-commerce) recorded a 108.4% year-on-year increase.
• E-commerce sales and customer numbers showed significant growth.
• Men’s shirts, cut & sewn, pants, and jackets, as well as women’s cut & sewn, cardigans, jackets, and shoes performed strongly.
• These preliminary figures do not include the impact of changes in revenue recognition standards, which are expected to decrease final figures by several percentage points (July 2026 final figures showed a 2.6 percentage point decrease for company-wide sales and 2.7 percentage points for existing store sales compared to preliminary figures).

UNITED ARROWS’ August monthly sales demonstrated strong year-on-year growth across both company-wide and existing store metrics. The robust performance of e-commerce appears to be a key driver for overall sales. However, investors should be aware that the final figures, once adjusted for revenue recognition standard changes, may show a moderate decrease compared to these preliminary results.

• Uchida Yoko Co., Ltd. reported consolidated net sales of ¥425,729 million for the fiscal year ended July 2026, marking a 26.3% increase year-on-year.
• Consolidated operating profit reached ¥15,631 million, a 28.4% increase from the previous fiscal year.
• Consolidated ordinary profit stood at ¥16,770 million, up 27.8% year-on-year.
• Net profit attributable to owners of parent was ¥12,486 million, a 27.1% increase compared to the prior year.
• Basic earnings per share were ¥253.23 (compared to ¥199.45 in the previous year).
• The year-end dividend for the fiscal year ended July 2026 is ¥76.00 per share (adjusted for stock split), with a total annual dividend of ¥3,750 million.

Uchida Yoko’s FY2026 results demonstrate robust performance, with significant double-digit growth across all key financial metrics, suggesting strong operational execution during the period. The substantial increase in basic earnings per share could be viewed positively by investors seeking growth in shareholder value. Furthermore, the notable improvement in cash flow from operating activities may indicate enhanced capabilities in generating funds from its core business operations, which is worth monitoring for future financial stability.

• Hanwa Co. completed the acquisition of a stake in US-based Associated Steel Group, LLC (ASG) on August 31, 2026 (US Central Time), as previously announced on June 30, 2026.
• This is a joint investment with Development Bank of Japan Inc. (DBJ). Hanwa Co. acquired a 50.1% stake in ASG through its consolidated subsidiary, Hanwa American Corp. (HAMCO), while DBJ acquired the remaining 49.9% through a newly established SPC in Japan.
• ASG has officially become a consolidated subsidiary of Hanwa Co.
• Hanwa Co.’s total investment amounted to 226 million USD. This includes a loan equivalent to the funds for repayment of existing borrowings of ASG and its subsidiaries, contributed by HAMCO as part of the acquisition.
• HAMCO’s capital increase was executed on August 27, 2026, with an amount of 235,000 thousand USD, resulting in a post-increase capital of 275,000 thousand USD and a post-increase ownership ratio of 100%.

The completion of ASG’s consolidation suggests Hanwa Co.’s strategic move to strengthen its steel business in the United States, representing a significant step in its global expansion strategy. The joint investment with DBJ may allow Hanwa Co. to mitigate risks while expanding its operational footprint in the North American market. Investors may want to monitor future disclosures regarding the impact of this acquisition on Hanwa Co.’s consolidated financial results, which are currently under review.

• JoJo Panda (Fund name: Listed Index Fund China A Share (Panda) E Fund CSI300, Code: 1322) announced its interim earnings report for the fiscal year ending January 2027 (January 21, 2026 – July 20, 2026) on September 2, 2026.
• Total net assets at the end of the interim period (as of July 20, 2026) were JPY 2,732 million, a decrease from JPY 3,037 million at the end of the previous fiscal period (as of January 20, 2026).
• The Net Asset Value (NAV) per unit at the end of the half-year period ended July 2026 was JPY 12,205. This marks an increase compared to JPY 11,511 at the end of the previous fiscal period (end of January 2026).
• During the interim period, zero units were created, while 40 thousand units were redeemed, resulting in 223 thousand units outstanding at the end of the interim period. The number of issued units at the end of the previous fiscal period was 263 thousand.
• Operating revenue for the interim period (January 21, 2026 – July 20, 2026) was JPY 155,908,121, and operating expenses were JPY 2,898,998.

The interim financial results for JoJo Panda show a decrease in net assets alongside an increase in the net asset value per unit. This suggests that the reduction in outstanding units may have influenced the per-unit value. Investors may find it relevant to monitor the trends in the fund’s asset size and the corresponding NAV movements.

• Listed Index Fund Asian REIT (Code: 1495) announced its financial results for the fiscal period ended July 2026 (January 21, 2026 – July 20, 2026).
• Total net assets for the period were JPY 4,702 million (compared to JPY 5,008 million in the prior period ended January 2026).
• The net asset value per unit was JPY 11,639 (compared to JPY 11,925 in the prior period ended January 2026).
• The dividend per unit was JPY 141 (compared to JPY 134 in the prior period ended January 2026).
• The number of issued units at the end of the current period was 404 thousand units (compared to 420 thousand units at the end of the prior period ended January 2026).
• The scheduled date for the submission of the securities report is October 20, 2026, and the dividend payment commencement date is August 28, 2026.

The financial results for Listed Index Fund Asian REIT for the period ended July 2026 show a decrease in total net assets and net asset value per unit from the previous period, while the dividend per unit increased. The reduction in the number of issued units could indicate a change in fund size. These movements in key metrics may reflect the fund’s operational performance and prevailing market conditions.

• Yoshimura Food Holdings Co., Ltd. resolved at its Board of Directors meeting on September 2, 2026, to acquire shares of Kohsei Kogyo Co., Ltd. and make it a subsidiary.
• Kohsei Kogyo, established in 1975, is a commercial grilling equipment manufacturer, with its main product being the “Kohsei-tan Griller” which utilizes its proprietary ceramic artificial charcoal, “Kohsei-tan.”
• Yoshimura Food Holdings aims to accelerate Kohsei Kogyo’s domestic and international business growth by leveraging its unique technology and product strength with the commercial kitchen equipment sales and maintenance networks of the NKR Group and Examas Group in Singapore and Malaysia.
• The number of shares acquired is 1,000, resulting in a post-acquisition voting rights ownership ratio of 100%. The acquisition price is undisclosed due to a confidentiality agreement with the counterparty.
• For the fiscal year ended June 2025, Kohsei Kogyo reported net sales of 237 million JPY, operating profit of 91 million JPY, and net assets of 419 million JPY.

This acquisition appears to be a strategic move by Yoshimura Food Holdings to expand high-quality and unique Japanese products both domestically and internationally. The combination of Kohsei Kogyo’s strong product technology and Yoshimura Food Holdings’ established sales and maintenance networks in Southeast Asia could create significant synergies in overseas markets. This integration may contribute to the long-term enhancement of the group’s corporate value.