Japan Stock IR Daily – September 10, 2026 (49 reports)

• Takamisawa Co., Ltd. announced a correction to its “Consolidated Financial Results for the fiscal year ending June 2026 [Japanese GAAP] (Consolidated)” which was originally released on August 10, 2026.
• The reason for the correction was the discovery of errors in part of the description after the submission of the financial results.
• The correction specifically pertains to the figures for “Consolidated Comprehensive Income” for the fiscal year ending June 2026.
• The previous figure for “Comprehensive income” for the fiscal year ending June 2026 was ¥1,529 million (126.5% change), which has been corrected to ¥1,306 million (93.5% change).
• In the Consolidated Statement of Comprehensive Income, “Total other comprehensive income” was corrected from ¥307 million to ¥84 million, and “Comprehensive income” was corrected from ¥1,529 million to ¥1,306 million.
• “Land revaluation surplus” for the fiscal year ending June 2026 was corrected from ¥222 million to “－”.
• Comprehensive income attributable to owners of the parent was also revised from ¥1,602 million to ¥1,379 million.

This correction impacts the consolidated comprehensive income figures for Takamisawa’s fiscal year ending June 2026. The significant revision in the comprehensive income’s change rate could be a key point for investors when evaluating the company’s overall performance. The change in the “Land revaluation surplus” to “－” may suggest an adjustment in accounting treatment related to asset valuation, which warrants further examination to understand its implications.

• Market Enterprise, Inc. announced a change in its shareholder benefit program, stating that “Hulu Ticket” will be removed from the exchange options for Digital Gift®.
• The final date to exchange for “Hulu Ticket” is September 24, 2026, at 11:59 AM JST.
• After September 24, 2026, at 12:00 PM JST, “Hulu Ticket” will no longer be displayed on the selection screen.
• Any “Hulu Ticket” already received by shareholders will remain valid for use within its expiration period (one year after activation).
• The updated list of exchange options includes, but is not limited to, Amazon Gift Card, QUO Card Pay, PayPay Money Light, d-points, au PAY Gift Card, Visa e Gift Vanilla, Book Card NEXT, Uber Taxi Gift Card, Uber Eats Gift Card, Google Play Gift Code, PlayStation® Store Ticket, DMM Prepaid Card, Skylark Dining Vouchers, various “Selectable Delicious Meat Cards” and “Selectable Gourmet/Sweets Cards,” BookLive Digital Prepaid Card, Oisix Gift Code, Roblox Gift Card, Selectable Diaper Gift, U-NEXT Gift Codes, and various cryptocurrencies via bitFlyer and CoinTrade.

Changes in shareholder benefit programs, such as the removal of a specific exchange option, can impact the perceived value and utility for shareholders. While Hulu Ticket is being removed, the company maintains a broad range of other digital gift options, which may mitigate the impact on overall shareholder choice. Such adjustments often reflect evolving partnerships or strategic decisions regarding the efficiency of the benefit program.

• Sekisui House announced its consolidated financial results for the second quarter of the fiscal year ending January 2027 (interim period: February 1, 2026 – July 31, 2026).
• Consolidated net sales amounted to ¥1,965,644 million, representing a 2.5% decrease compared to the same period of the previous fiscal year.
• Consolidated operating profit reached ¥180,370 million, marking a 16.0% increase year-on-year.
• Consolidated ordinary profit was ¥169,081 million, up 23.8% year-on-year, and net profit attributable to owners of parent increased by 23.1% to ¥125,053 million.
• By segment, the International Business saw a sales decrease of 20.8% to ¥486,353 million and an operating profit decrease of 93.2% to ¥1,036 million. In contrast, the Urban Redevelopment Business recorded a substantial increase in sales by 176.2% to ¥98,416 million and operating profit by 437.7% to ¥27,352 million.
• The consolidated full-year earnings forecast for the fiscal year ending January 2027 has been revised to net sales of ¥4,260,000 million (up 1.5% year-on-year), operating profit of ¥350,000 million (up 2.5%), ordinary profit of ¥316,000 million (down 3.6%), and net profit attributable to owners of parent of ¥224,000 million (down 3.5%).

The decrease in net sales despite double-digit increases in operating, ordinary, and net profits may suggest improvements in profit margins or cost efficiencies. The exceptional growth in the Urban Redevelopment Business could indicate a successful strategic shift towards higher-margin opportunities or effective utilization of domestic demand. Conversely, the decline in the International Business segment warrants attention, as it may reflect challenges in overseas markets or strategic repositioning.

• Tobila Systems announced its financial results for the third quarter of the fiscal year ending October 2026 (November 1, 2025 – July 31, 2026).
• Net sales for the period were ¥2,636 million, a 27.1% increase year-on-year. Operating income was ¥755 million (0.6% decrease YoY), ordinary income was ¥771 million (1.0% increase YoY), and quarterly net income was ¥516 million (0.1% increase YoY).
• The full-year performance forecast remains unchanged, projecting net sales of ¥3,366 million, operating income of ¥785 million, ordinary income of ¥796 million, and net income of ¥531 million.
• The annual dividend forecast has been revised to ¥40.00 per share, comprising a ¥20.00 ordinary dividend and a ¥20.00 commemorative dividend. This represents a revision from the most recently published dividend forecast.
• The Security Business segment reported net sales of ¥1,497 million (4.1% increase YoY) and segment profit of ¥1,024 million (1.6% decrease YoY). The Solution Business focused on expanding sales of “Tobila Phone Cloud” and “Tobila Phone Biz” and formed a capital and business alliance with Prodlight Inc.

The significant growth in net sales suggests successful market penetration and expansion, potentially driven by the “Mid-term Management Plan 2028” initiatives. The slight decline in operating income, despite sales growth, could indicate increased strategic investments in human resources and new business development. The revised annual dividend forecast, including a commemorative dividend, may be viewed as a positive signal regarding shareholder returns, while investors might monitor the impact of these investments on future profitability.

• Atrae Co., Ltd. revised its full-year earnings forecast for the fiscal year ending September 2026 (October 1, 2025 – September 30, 2026).
• Net sales remain unchanged at JPY 8,250 million from the previous forecast, while operating profit is revised upward to JPY 1,460 million (up 4.3% from previous), ordinary profit to JPY 1,389 million (up 4.0%), and net profit to JPY 1,206 million (up 24.8%).
• Diluted earnings per share (EPS) are revised from JPY 43.29 to JPY 55.28.
• The year-end dividend forecast for the fiscal year ending September 2026 is revised upward from JPY 37 to JPY 39 per share.
• The company expects to record a special gain of JPY 373 million from the reversal of stock acquisition rights in the full fiscal year ending September 2026, due to certain officers and employees abandoning their tax-qualified stock options.

Atrae’s upward revision of its earnings forecast is noteworthy, as it reflects improved profitability across all profit categories despite unchanged net sales. The significant increase in net profit is attributable to both operational efficiency gains and the recording of a substantial special gain. The increased dividend payout could indicate a proactive stance on shareholder returns.

• For the second quarter (interim period) of the fiscal year ending January 2027, consolidated results showed net sales of ¥169 million, operating loss of ¥49 million, ordinary loss of ¥50 million, and net loss attributable to owners of parent of ¥56 million.
• The consolidated financial position as of the end of the second quarter of FY2027 reported total assets of ¥464 million, net assets of ¥294 million, and an equity ratio of 63.2%.
• The annual dividend forecast remains ¥0.00 for both FY2026 actual and FY2027 forecast, with no revisions.
• The full-year consolidated earnings forecast for FY2027 remains unrevised from the most recently announced figures: net sales of ¥535 million, operating profit of ¥3 million, ordinary profit of ¥1 million, and net loss attributable to owners of parent of △¥6 million (△¥1.36 per share).
• In the TRaaS business, monthly revenue generation for the AI power reduction solution “AIrux8” has commenced, and full-scale monthly revenue contributions from “CELDIS” digital signage platforms at approximately 2,000 major mobile carrier shops have started.

G-TRASS OP’s interim results indicate an impact from the strong sales in the previous year, as the company transitions its business model towards SaaS subscription services in the B2B market. The progress in establishing recurring revenue streams within the TRaaS business and the recovery of market development in the受注型Product business could be key areas for investors to monitor for future growth prospects.

• i-mobile Co., Ltd. resolved to increase its dividend distribution at a Board of Directors meeting held on September 10, 2026, for the record date of July 31, 2026.
• The dividend per share is set at ¥27.00, which matches the most recent dividend forecast announced on September 11, 2025.
• This represents an increase of ¥1.00 per share compared to the previous period’s actual dividend of ¥26.00 for the July 2025 fiscal year.
• The total dividend amount is ¥1,487 million, with the effective date and payment commencement date both on October 5, 2026.
• The dividend will be sourced from retained earnings, resulting in an expected dividend payout ratio of 52.3%. Including share repurchases, the total shareholder return ratio is 68.8%.

This announcement comes as i-mobile reports record-high consolidated net sales and operating profit for the July 2026 fiscal year. The increased dividend per share may suggest the company’s commitment to shareholder returns. The disclosure of both the dividend payout ratio and the total shareholder return ratio (including share repurchases) provides a comprehensive view for investors monitoring capital allocation strategies.

• Sekisui Chemical Co., Ltd. announced on September 10, 2026, its decision to acquire a 51% stake in Ausbuild Group (Ausbuild Group Pty Ltd. and Ausbuild Partners Pty Ltd.), a housing development and construction company in Queensland, Australia, making it a consolidated subsidiary.
• The acquisition will be conducted through SEKISUI HEIM AUSTRALIA AC PTY LTD., a wholly-owned subsidiary of Sekisui Chemical.
• The objective of this acquisition is positioned as a full-scale entry into the Australian housing market, consistent with the company’s mid-term management plan “Accelerate 2028” for overseas expansion of industrialized housing technology.
• Ausbuild Group reported consolidated sales of 382,469 thousand AUD and net profit attributable to parent company shareholders of 22,259 thousand AUD for the fiscal year ended June 2025.
• Sekisui Chemical aims to introduce its modular construction methods, smart technologies, and resilience technologies into Ausbuild’s operations, particularly to strengthen its townhouse business.

Sekisui Chemical’s acquisition of a leading housing developer in Queensland, Australia, represents a concrete step in its mid-term management plan for expanding its overseas business. Given Queensland’s growing population, the integration of Sekisui Chemical’s industrialized housing technologies, as well as smart and resilience technologies, could potentially address local housing supply challenges. This full-scale entry into the Australian market may influence Sekisui Chemical’s international business portfolio, making it a development worth monitoring.

• Hagiwara Industries, Inc. announced a partial correction to its disclosure titled “Announcement of Capital and Business Alliance Agreement, Disposal of Treasury Stock by Third-Party Allotment, and Changes in Major Shareholder and Largest Shareholder,” originally published on September 7, 2026.
• The corrections include revisions to the closing prices for May and June in “II. Outline of this Treasury Stock Disposal 10. Performance and Equity Finance Status over the Last Three Years (3) Recent Stock Price Status ② Status over the Last Six Months.” The corrected closing prices are ¥1,652 for May (previously ¥1,664) and ¥1,720 for June (previously ¥1,731).
• Additionally, the section “III. Changes in Major Shareholder and Largest Shareholder 3. Number of Voting Rights (Number of Shares Held) and Ratio to Total Voting Rights of All Shareholders Before and After the Change” has been revised.
• The revised disclosure specifies that the total number of issued shares as of April 30, 2026, and September 7, 2026, is 14,897,600 shares.
• Detailed calculation methods for the ratio to total voting rights of all shareholders before and after the change have been added, including an increase of 4,866 voting rights from the treasury stock disposal and 290 voting rights from the exercise of stock options by September 7, 2026.

This correction clarifies previously released information, specifically adjusting historical stock price data and providing detailed breakdowns for voting rights calculations. The precise articulation of the total number of issued shares and the methodology for calculating voting rights ratios may offer investors a more robust basis for their analytical models. Such clarifications can be important for assessing shareholder structure and potential dilution, which is always worth monitoring in capital alliance agreements.

• Artner Inc. announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending January 2027.
• For the period from February 1, 2026, to July 31, 2026, consolidated net sales were ¥7,075 million, operating profit was ¥1,217 million, ordinary profit was ¥1,222 million, and profit attributable to owners of parent was ¥815 million.
• The company conducted a 2-for-1 stock split on August 1, 2026, and interim net income per share is calculated as ¥38.43.
• The annual dividend forecast for the fiscal year ending January 2027 is ¥43.00 for the second quarter end and ¥21.50 for the year-end (post-stock split).
• The full-year consolidated earnings forecast remains unrevised, projecting net sales of ¥14,021 million (16.4% increase year-on-year), operating profit of ¥2,017 million (10.7% increase), ordinary profit of ¥2,001 million (9.8% increase), profit attributable to owners of parent of ¥1,248 million (0.9% decrease), and basic earnings per share of ¥58.85 (post-stock split).

The interim period saw an increase in net sales and various profit metrics, attributed to growth in career hires, high utilization rates, and rising engineer unit prices in the engineer dispatch business, alongside an increase in personnel assigned to contracted projects. While investments in recruitment, IT/DX, and training facilities were made, the growth in sales appears to have absorbed these expenses.

• Kuriyama Holdings announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending December 2026.
• Interim consolidated results showed Net Sales of ¥51,310 million (up 18.5% year-on-year), Operating Profit of ¥3,604 million (up 38.9% year-on-year), Ordinary Profit of ¥4,043 million (up 37.7% year-on-year), and Net Profit Attributable to Owners of Parent of ¥2,740 million (up 4.4% year-on-year).
• By segment, Net Sales for the Asia business were ¥21,254 million (up 25.3% year-on-year), North America business ¥26,173 million (up 12.3% year-on-year), and Europe, South America, and Oceania business ¥3,882 million (up 29.2% year-on-year), with all segments recording increased sales.
• Key drivers for the increase in operating profit included a ¥427 million increase from the Asia business, a ¥631 million increase from the North America business, and a ¥162 million increase from the Europe, South America, and Oceania business.
• The interim consolidated results exceeded the forecast for the interim period of FY22 by ¥3,310 million for net sales, ¥904 million for operating profit, ¥1,243 million for ordinary profit, and ¥740 million for net profit attributable to owners of parent.

Kuriyama Holdings’ interim results for FY2026 show a significant outperformance against both the prior year and company forecasts across all key financial metrics. The strong growth appears to be attributable to increased production in industrial materials within the Asia segment, robust sales of hoses and fittings in North America along with a refund of US tariffs, and strong demand for fire hoses and agricultural/mining hoses in the EMEA region. The depreciation of the Japanese Yen also likely contributed to the increase in sales across all business segments.

• Kamishima Chemical Co., Ltd. announced its non-consolidated financial results for the first quarter of the fiscal year ending April 2027 on June 14, 2024.
• For the reported first quarter, net sales totaled ¥4,480 million.
• Operating income was recorded at ¥510 million.
• Ordinary income reached ¥510 million.
• Quarterly net income amounted to ¥350 million.

Kamishima Chemical’s Q1 FY2027 non-consolidated results indicate net sales of ¥4.48 billion and ordinary income of ¥510 million. These figures provide an initial snapshot of the company’s performance for the fiscal year. Investors may find it beneficial to monitor how these results align with the company’s full-year projections and broader industry trends as the fiscal year progresses.

• Best One Dot Com Co., Ltd. has announced its consolidated financial results for the fiscal year ended July 2026.
• Consolidated net sales amounted to ¥2,906 million, representing a 14.3% increase from the previous fiscal year.
• Consolidated operating profit reached ¥336 million, a 1,053.1% increase year-on-year. Consolidated ordinary profit was ¥345 million, marking a 1,139.7% increase year-on-year.
• Net profit attributable to owners of the parent significantly increased by 2,356.5% year-on-year to ¥233 million.
• The year-end dividend for the fiscal year ended July 2026 was set at ¥30 (compared to ¥18 in the previous fiscal year), making the annual dividend ¥30.
• For the fiscal year ending July 2027, the company forecasts consolidated net sales of ¥2,555 to ¥3,227 million, operating profit of ¥81 to ¥161 million, ordinary profit of ¥76 to ¥156 million, and net profit attributable to owners of parent of ¥49 to ¥103 million.

G-Best One Dot demonstrated substantial growth across all profit metrics in the fiscal year ended July 2026, with operating profit increasing more than tenfold. This performance appears to be significantly driven by stronger-than-expected sales of charter cruises, including those scheduled for Golden Week. The decision to increase the dividend compared to the previous year may also draw investor attention, and the evolution of the company’s business strategy and profit structure will be worth monitoring.

• IKK Holdings has announced its consolidated financial results for the third quarter of the fiscal year ending October 2026 (November 1, 2025, to July 31, 2026).
• Consolidated net sales reached ¥17,016 million, representing a 7.3% increase compared to the same period in the previous year.
• Operating profit was ¥1,028 million (up 43.2% year-on-year), and ordinary profit was ¥1,148 million (up 52.4% year-on-year).
• Net income attributable to owners of the parent significantly increased by 82.5% year-on-year to ¥798 million.
• The full-year consolidated earnings forecast (announced on December 11, 2025) remains unchanged at this time.

This earnings announcement shows robust growth in net sales and all profit categories compared to the prior year, with a particularly notable increase in net income attributable to owners of the parent. Segment-wise, the wedding business recorded increases in both sales and operating profit, and the food business saw a significant 143.7% increase in sales, turning an operating loss into a profit. While the company has shown strong performance through the third quarter, the unchanged full-year forecast is attributed to the uncertainty surrounding the timing and amount of expenses related to planned renovations and new store openings in the fourth quarter. This aspect may be worth monitoring in future updates.

• Green Cross HD announced its consolidated financial results for the first quarter of the fiscal year ending April 2027 (May 1, 2026 – July 31, 2026).
• During this cumulative first quarter, consolidated net sales reached ¥7,922 million, representing a 5.9% increase compared to the same period of the previous year.
• Operating profit was ¥402 million (up 5.5% year-on-year), ordinary profit was ¥413 million (up 7.3% year-on-year), and net income attributable to owners of the parent was ¥244 million (up 3.0% year-on-year).
• Basic earnings per share for the quarter stood at ¥29.34.
• As of the end of the first consolidated fiscal quarter, total assets were ¥29,437 million, net assets were ¥12,314 million, and the equity ratio was 41.6%.
• The consolidated full-year earnings forecast for the fiscal year ending April 2027 and the annual dividend forecast (¥40.00 at fiscal year-end, total ¥40.00) remain unchanged from previously announced figures.
• During the cumulative first quarter, Mate Co., Ltd. was newly welcomed as a group company.

Green Cross HD’s Q1 results show a solid start to the fiscal year, with increases across sales and various profit metrics. The acquisition of a new group company, Mate Co., Ltd., suggests ongoing efforts to strengthen business competitiveness. With the full-year earnings forecast remaining unchanged, investors may focus on how the company’s performance progresses in subsequent quarters.

• ICHIKOH’s consolidated interim results for the fiscal year ending December 2026 (January-June 2026) show net sales of ¥59.8 billion (up 7.6% year-on-year) and operating profit of ¥3.8 billion (up 40.1% year-on-year).
• Net profit attributable to owners of the parent reached ¥3.8 billion (up 44.7% year-on-year).
• The interim consolidated results exceeded the forecast announced on February 13, with net sales up 4.9% and operating profit up 40.1% compared to the forecast.
• Key factors for the sales increase include the launch of new projects in Japan, product mix improvements, and increased mold sales due to the mass production start of new models.
• The increase in operating profit is attributed to increased demand, higher mold sales, and improved productivity, which offset the impact of yen depreciation and rising raw material and energy costs.
• The full-year forecast for FY2026 (net sales ¥118.0 billion, operating profit ¥5.9 billion) remains unchanged as of the interim financial results briefing.

ICHIKOH’s interim results suggest that strong sales in the Japanese market, higher mold sales, and productivity improvements were significant drivers, helping to mitigate geopolitical risks and rising costs. While the full-year outlook remains unchanged, the substantial outperformance against the first-half forecast might indicate a cautious approach by the company regarding the business environment in the latter half of the fiscal year. Equity-method earnings from the joint venture with Valeo China also had a positive impact on ordinary profit.

• Taiyo Kiso Co., Ltd. announced its financial results for the second quarter (interim) of the fiscal year ending January 2027.
• Interim net sales amounted to ¥7,346 million, representing a 2.1% decrease compared to the previous interim period.
• Operating profit increased by 23.4% to ¥425 million, ordinary profit by 22.3% to ¥477 million, and interim net profit by 17.9% to ¥321 million.
• Interim earnings per share were ¥160.89, up from ¥136.93 in the prior interim period.
• Total assets stood at ¥12,754 million, net assets at ¥9,837 million, and the equity ratio at 77.1%.
• The full-year forecast for the fiscal year ending January 2027 and the annual dividend forecast (year-end ¥65.00, total ¥65.00) remain unchanged from previously announced figures.

Taiyo Kiso’s Q2 FY2027 results show a slight decline in net sales year-over-year, but significant double-digit increases across all profit metrics. This suggests a potential improvement in profitability, supported by an increase in gross profit compared to the prior period. The high equity ratio also indicates a strong and stable financial foundation for the company, which may be a point of interest for investors monitoring financial health.

• G-Timee announced its consolidated financial results for the first quarter of the fiscal year ending April 2027 (May 1, 2026 – July 31, 2026).
• Consolidated net sales for the quarter reached ¥10,443 million, operating income was ¥1,937 million, ordinary income was ¥1,888 million, and net income attributable to owners of the parent was ¥1,273 million.
• As of the end of the first quarter of FY2027, total assets stood at ¥36,487 million, net assets at ¥17,044 million, and the equity ratio was 46.6%.
• The consolidated earnings forecast for FY2027 is disclosed in a range format, with net sales for the second quarter (cumulative) projected between ¥22,056 million and ¥22,560 million, and full-year net sales between ¥47,613 million and ¥48,823 million.
• Due to a change in the fiscal year end for FY2026, which resulted in an irregular six-month accounting period, year-on-year percentage changes for the first quarter of FY2027 are not presented.

G-Timee’s Q1 FY2027 results provide key revenue and profit figures, with the full-year outlook presented in a range. The absence of comparative data due to the fiscal year change means these figures establish a new baseline for monitoring future performance. The equity ratio of 46.6% indicates the company’s financial stability, which may be a point of interest for investors assessing the balance sheet.

• Gigworks announced its Q3 FY2026 consolidated financial results.
• Consolidated net sales for the cumulative third quarter period reached JPY 17,326 million, marking a 3.7% increase year-on-year.
• Operating income turned profitable at JPY 370 million, compared to an operating loss of JPY 193 million in the prior year’s period.
• Ordinary income also turned profitable at JPY 160 million, from an ordinary loss of JPY 284 million in the previous year.
• Net income attributable to owners of the parent decreased by 94.7% year-on-year to JPY 9 million.
• An impairment loss on crypto assets of JPY 213 million was recorded as non-operating expenses due to fluctuations in the crypto asset market.
• The company acquired and consolidated株式会社spacetimes in December 2025.
• The full-year consolidated earnings forecast for FY2026 remains unchanged, projecting sales revenue of JPY 23,000 million, operating income of JPY 400 million, ordinary income of JPY 180 million, and net income attributable to owners of JPY 50 million.

The year-over-year increase in net sales and the return to profitability in operating and ordinary income may suggest a recovery in core business activities. However, the substantial decrease in net income attributable to owners is primarily attributed to the significant crypto asset impairment loss, which could be a point of concern for investors. The strategic M&A activities, such as the acquisition of spacetimes, indicate an ongoing effort toward business expansion and diversification.

• Sato Foods announced its consolidated financial results for the first quarter of the fiscal year ending April 2027 (May 1, 2026 – July 31, 2026).
• Net sales for Q1 FY2027 were 7,996 million yen, a decrease of 10.6% compared to the same period in the previous year.
• Operating profit was 107 million yen, down 87.5% year-on-year.
• Ordinary profit was 150 million yen, a decrease of 84.5% year-on-year, and profit attributable to owners of parent was 101 million yen, a decrease of 90.5% year-on-year.
• The consolidated full-year earnings forecast and dividend forecast for FY2027 have been revised. The company now expects full-year net sales of 56,000 million yen (up 8.2% year-on-year), operating profit of 2,940 million yen (down 11.9% year-on-year), and profit attributable to owners of parent of 2,060 million yen (down 26.4% year-on-year).
• Sales of packaged rice products decreased by 11.6% to 6,829 million yen, while sales of packaged mochi products remained strong, primarily driven by core products.

Sato Foods’ Q1 results suggest that the significant decline in profits was primarily due to the reversal of special gains recorded in the prior year and the continued rise in raw material and logistics costs. Although sales of packaged rice products decreased, the company anticipates an increase in full-year net sales, possibly indicating expectations for new factory operations and new product penetration to contribute to future performance. Investors may wish to carefully review the “Notice Regarding Revisions to Earnings and Dividend Forecasts” for detailed insights into the factors behind the revised full-year outlook and dividend adjustments.

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

• G-ARE PLANNER Inc. resolved to revise its dividend forecast (increase) for the January 2027 fiscal year at a Board of Directors meeting held on September 10, 2026.
• The annual dividend for the January 2027 fiscal year has been increased from the previous forecast of ¥45.00 (announced on March 16, 2026) to ¥55.00 in the revised forecast.
• Specifically, the interim dividend for the second quarter end was revised from ¥20.00 to ¥25.00, and the year-end dividend from ¥25.00 to ¥30.00.
• The upward revision of the dividend is attributed to the upward revision of the consolidated earnings forecast for the second quarter and full year of the January 2027 fiscal period, which was announced today.
• The company conducted a 1-for-2 stock split on February 1, 2026, and the dividends for the January 2027 fiscal year are stated based on the post-split share basis.

This dividend increase follows the company’s upward revision of its earnings forecast for the January 2027 fiscal year, which may signal a proactive stance towards shareholder returns. As the company’s basic policy is to maintain stable dividends while balancing long-term corporate value enhancement and growth investments, future earnings performance could be a key focus for investors.

• G-Jelly Beans Group resolved at its Board of Directors meeting on September 10, 2026, to acquire all shares of Titikaka Co., Ltd., making it a subsidiary.
• Titikaka Co., Ltd. is engaged in the planning, manufacturing, and sales of apparel and sundry goods, with its headquarters in Minato-ku, Tokyo, and its representative director is Haruka Takahashi.
• The seller of the shares is Star Seeds Co., Ltd., and the acquisition price is 1 yen.
• The number of shares acquired is 80,000, representing 100.00% of voting rights.
• Titikaka Co., Ltd.’s net assets for the fiscal year ended February 2026 were △499,749 thousand yen, net sales were 1,403,295 thousand yen, and net income was △32,000 thousand yen.
• This acquisition is expected to be consolidated from the third quarter of the fiscal year ending January 2027.

G-Jelly Beans Group’s acquisition of Titikaka Co., Ltd. for 1 yen appears to be a strategic move to expand its lifestyle business. The integration of Titikaka’s product planning capabilities and brand strength in ethnic apparel and sundry goods could potentially generate synergies with G-Jelly Beans Group’s existing management resources and marketing expertise. However, given Titikaka’s recent negative financial performance, future efforts in business restructuring and profitability improvement within the group will be worth monitoring.

• For the second quarter of the fiscal year ending January 2027, consolidated net sales were ¥2,807 million, representing a 4.2% decrease compared to the same period last year.
• The company reported a consolidated operating loss of ¥114 million for the interim period, an increase in loss from the ¥52 million operating loss in the prior year’s interim period.
• Ordinary profit resulted in a loss of ¥23 million, and net income attributable to owners of the parent was a loss of ¥24 million, both turning into losses from the prior year’s interim ordinary profit of ¥26 million and net income of ¥11 million.
• Diluted earnings per share for the interim period were △¥2.37.
• The full-year consolidated earnings forecast (net sales ¥10,350 million, operating income ¥545 million, ordinary income ¥664 million, net income attributable to owners of the parent ¥440 million) remains unchanged from the most recently announced forecast.
• The year-end dividend forecast is maintained at ¥24.00 per share.
• Total assets stood at ¥19,148 million, net assets at ¥10,392 million, and the equity ratio was 54.3%.

KOSE RE’s Q2 FY2027 results indicate a decline in net sales and a worsening operating loss, reflecting challenging conditions in the condominium market, including high construction costs and rising mortgage interest rates. The unchanged full-year forecast suggests the company anticipates a recovery in the second half. Investors may want to monitor how the company navigates these market pressures and its strategies for improvement in the latter half of the fiscal year.

• EARLY AGE announced its consolidated financial results for the third quarter of the fiscal year ending October 2026 (November 1, 2025, to July 31, 2026).
• Consolidated net sales were ¥2,370 million (down 7.6% year-on-year), operating profit was ¥377 million (down 8.8% YoY), ordinary profit was ¥289 million (down 7.8% YoY), and net income attributable to owners of parent was ¥193 million (down 3.2% YoY).
• By segment, the Operation Management business reported sales of ¥2,110 million (down 2.2% YoY) and segment profit of ¥417 million (down 2.4% YoY).
• The Development and Sales business recorded sales of ¥260 million (down 36.4% YoY) and segment profit of ¥82 million (down 21.9% YoY).
• The full-year consolidated earnings forecast remains unchanged from the forecast announced on December 15, 2025.

EARLY AGE’s Q3 consolidated results show a year-on-year decline in key profit metrics, though the company states it is progressing steadily toward its full-year forecast. The significant decrease in sales from the Development and Sales business appears to be a primary contributor to the overall revenue decline. Maintaining a healthy equity ratio of 30.1% suggests the company is sustaining its financial stability.

• G-Digital Grid announced its consolidated financial results for the fiscal year ended July 2026.
• Consolidated revenue for FY2026 was ¥7,113 million, representing a 15.6% increase compared to the previous fiscal year.
• Consolidated operating profit for the same period was ¥3,017 million, up 10.0% year-over-year. Consolidated ordinary profit was ¥2,909 million (up 11.3% YoY), and profit attributable to owners of parent was ¥2,037 million (up 9.0% YoY).
• For the fiscal year ending July 2027, the company forecasts consolidated revenue of ¥7,967 million (up 12.0% YoY), operating profit of ¥2,865 million (down 5.0% YoY), ordinary profit of ¥2,394 million (down 17.7% YoY), and profit attributable to owners of parent of ¥1,673 million (down 17.9% YoY).
• The annual dividend per share was ¥0.00 for FY2025 and FY2026, and is projected to be ¥0.00 for FY2027.

• Nexon has decided to implement a surplus dividend (special dividend) with a record date of September 30, 2026.
• The dividend per share is ¥415.00, and the total dividend amount is tentatively ¥324,001 million. The effective date is November 25, 2026.
• The source of this special dividend is retained earnings. Interim financial statements were prepared with an interim settlement date of June 30, 2026, to secure the distributable amount.
• As of the interim settlement date (June 30, 2026), the non-consolidated financial status shows total assets of ¥584,429 million, total net assets of ¥579,666 million, and retained earnings of ¥466,000 million.
• For the interim period (January 1, 2026, to June 30, 2026), non-consolidated results include net sales of ¥2,699 million, operating loss of ¥2,131 million, ordinary profit of ¥366,801 million, and net profit for the interim period of ¥346,205 million.

• G-Karadanote announced its consolidated financial results for the fiscal year ended July 2026.
• Sales reached ¥1,059 million, operating profit was ¥218 million, ordinary profit ¥196 million, and profit attributable to owners of parent was ¥256 million.
• Profit attributable to owners of parent marked a new record high.
• Consolidated financial statements were prepared starting from FY2026, thus no comparative figures or year-on-year changes for FY2025 are provided.
• For the fiscal year ending July 2027, the company forecasts consolidated sales of ¥1,500 million (up 41.6% year-on-year), operating profit of ¥350 million (up 59.9% year-on-year), and profit attributable to owners of parent of ¥277 million (up 8.1% year-on-year).
• On June 1, 2026, G-Karadanote acquired all shares of Karadanote Life Partners Co., Ltd. (formerly FPO Co., Ltd.), which has been included in the consolidation from the fourth quarter of the current consolidated fiscal year.

G-Karadanote’s FY2026 results, its first consolidated fiscal year, indicate strong performance with record-high profit attributable to parent company shareholders, which may suggest that its business structure reforms and focus on high-profit areas are yielding positive results. The substantial growth projected for FY2027 in both revenue and profit could indicate potential synergy effects from the acquisition of Karadanote Life Partners and enhanced productivity through generative AI utilization. This forward-looking forecast suggests the company aims to sustain its growth trajectory in the upcoming period.

• Visional announced its consolidated financial results for the fiscal year ended July 2026, with revenue reaching ¥99.3 billion (+23.9% YoY), operating profit ¥24.563 billion (+14.6% YoY), ordinary profit ¥26.700 billion (+17.5% YoY), and net profit attributable to parent company shareholders ¥18.566 billion (+16.4% YoY).
• The HR Tech segment recorded sales of ¥93.807 billion (+21.9% YoY) and segment profit of ¥28.673 billion (+15.9% YoY).
• BizReach business sales were ¥80.126 billion (+16.8% YoY), with cumulative client companies exceeding 45,800, active headhunters over 9,500, and scoutable members over 3.53 million.
• HRMOS business sales reached ¥9.289 billion (+78.2% YoY), with ARR at ¥10.337 billion (+177.0% YoY) and active client companies at 10,699 (+341.9% YoY).
• For the fiscal year ending July 2027, the company forecasts consolidated revenue of ¥119.850 billion (+20.7% YoY), operating profit of ¥26.600 billion (+8.3% YoY), and net profit attributable to parent company shareholders of ¥18.569 billion (+0.0% YoY).

Visional achieved significant year-over-year increases in revenue and all profit metrics for FY2026, indicating strong operational performance. The HR Tech segment, particularly the rapid expansion of the HRMOS business alongside the steady growth of BizReach, appears to be a key driver of this performance. The company’s forecast for continued revenue and profit growth in the next fiscal year suggests confidence in its ongoing business expansion strategy within the HR Tech sector, which could be a point of interest for investors to monitor.

• Moi Inc. (Code: 5031) announced its Q2 FY2027 (interim) financial results (non-consolidated) on September 10, 2026.
• During the interim accounting period, net sales were ¥3,181 million (down 3.8% year-on-year), and operating profit was ¥122 million (down 16.5% year-on-year).
• Ordinary profit increased by 0.1% year-on-year to ¥181 million, and interim net profit rose significantly by 76.6% year-on-year to ¥121 million.
• Interim net profit per share was ¥8.06.
• As of the end of the interim accounting period, total assets stood at ¥5,050 million, net assets at ¥3,016 million, and the equity ratio improved to 59.7%.

The substantial increase in interim net profit year-on-year is a notable aspect for investors, suggesting potential efficiency gains or one-off factors. However, the decline in net sales and operating profit indicates underlying operational challenges that warrant further examination. The improvement in the equity ratio could be viewed as a positive sign regarding the company’s financial stability.

• Kamakura Shinsho Co., Ltd. announced its consolidated financial results for the second quarter of the fiscal year ending January 2027 (period: February 1, 2026 – July 31, 2026).
• Net sales reached JPY 4,596 million, marking a 14.4% increase compared to the prior year’s interim period.
• Operating profit was JPY 799 million, representing a 35.3% increase year-over-year.
• Ordinary profit totaled JPY 808 million (+37.0% YoY), and net profit attributable to parent company shareholders was JPY 531 million (+38.4% YoY).
• Sales in the elder care business increased by 59.2% YoY, public-private partnership business by 34.1% YoY, and funeral services business by 20.8% YoY.
• The consolidated full-year earnings forecast for the fiscal year ending January 2027 remains unchanged from the forecast disclosed on March 12, 2026.

Kamakura Shinsho’s Q2 FY2027 results show robust double-digit growth in both sales and profits, with significant contributions from its elder care and public-private partnership businesses. This performance may suggest that the company’s strategy to build “end-of-life infrastructure” is yielding positive results. The decision to maintain the full-year forecast could indicate management’s confidence in the sustained momentum and future outlook.

• W-SCOPE Corporation announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending January 2027.
• Consolidated net sales reached ¥1,928 million, marking a 32.9% increase compared to the prior interim period.
• The operating loss improved to ¥1,388 million, an improvement of ¥1,480 million from the ¥2,868 million operating loss reported in the previous interim period.
• Net loss attributable to owners of the parent was ¥3,104 million, a reduction in loss compared to ¥5,429 million in the prior interim period.
• The full-year consolidated earnings forecast remains unchanged, projecting net sales of ¥6,000 million, an operating loss of ¥2,400 million, and a net loss attributable to owners of the parent of ¥4,400 million.

The Q2 FY2027 results for W-SCOPE show a notable increase in net sales and a reduction in both operating and net losses compared to the previous year. This improvement appears to be driven by increased sales in both the separator and ion exchange membrane businesses, alongside cost reduction efforts primarily in manufacturing. The continued net loss, however, suggests ongoing challenges despite these positive operational shifts, making the full-year outlook, which remains unchanged, a key point for investors to monitor.

• Cyber Buzz Co., Ltd. resolved at its Board of Directors meeting on September 10, 2026, to absorb its wholly-owned consolidated subsidiary, Men’s B.P. Co., Ltd.
• The merger is scheduled to take effect on November 1, 2026, with Cyber Buzz as the surviving company and Men’s B.P. to be dissolved in an absorption-type merger.
• The merger’s stated objectives are to optimize management resources, accelerate decision-making, and leverage group synergies, including cross-selling.
• Men’s B.P. was established on November 4, 2025, to strengthen marketing support systems specifically for the male domain.
• As this is a merger with a wholly-owned subsidiary, there will be no allocation of shares or other financial consideration, and the impact on the company’s consolidated performance is expected to be minor.

This absorption merger can be viewed as G-Cyber Buzz integrating a subsidiary, established to address the growing male beauty and self-care market, into its core business operations. The move is expected to enhance the efficiency of management resources and expedite decision-making, potentially strengthening the group’s overall competitiveness. While the direct impact on financial performance is considered minor due to it being a merger with a wholly-owned subsidiary, the long-term implications of strategic operational efficiency may contribute to increased corporate value.

• Macbee Planet announced its consolidated financial results for the first quarter of fiscal year 2027 (May 1, 2026, to July 31, 2026).
• Revenue for the quarter was 12,290 million JPY, representing a 3.8% decrease compared to the same period last year.
• Operating profit increased by 1.3% year-on-year to 764 million JPY.
• Profit attributable to owners of the parent for the quarter was 442 million JPY, a decrease of 12.5% year-on-year.
• The LTV Marketing segment reported revenue of 12,032 million JPY (down 3.7% YoY) and segment profit of 1,440 million JPY (down 2.2% YoY).
• The company stated that specific factors related to some key client accounts impacted its performance.
• Macbee Planet resolved to transfer shares of its consolidated subsidiary, AllAds Co., Ltd., and the impact on FY2027 consolidated results is currently under review, with details to be disclosed promptly once finalized.

While revenue declined, the increase in operating profit may suggest improvements in business structure or cost management effectiveness. The mention of specific factors impacting key clients could indicate a need to monitor diversification of the customer base and new client acquisition trends in future business developments. Furthermore, the forthcoming disclosure regarding the impact of the subsidiary share transfer on the full-year results will be a key point for investors to observe.

• On September 10, 2026, the boards of directors of 33 Financial Group Co., Ltd. and Aichi Financial Group Co., Ltd. resolved to terminate the basic agreement for business integration dated May 13, 2026.
• Both companies had entered into the basic agreement with the aim of merging by April 1, 2027, and had established an integration preparatory committee to discuss various terms and conditions.
• The reason for the termination of the basic agreement is cited as a divergence of views between the two companies regarding the direction of the integrated holding company, leading to the recognition that the signing of a definitive agreement, scheduled for September 2026, would be difficult.
• While the basic agreement for business integration has been terminated, both companies will continue to collaborate on initiatives contributing to regional economy and society, and solving customer issues.
• The termination of this basic agreement is stated to have no impact on the business performance of either company.

The planned business integration between 33 Financial Group and Aichi Financial Group was keenly watched as a significant move in regional financial institution consolidation. The termination of the basic agreement indicates that the original plan has been altered. The stated divergence of views on the direction of the integrated holding company suggests potential challenges in aligning future strategies or corporate cultures. Investors may now focus on how both companies will proceed with their regional collaborations in the wake of this development.

• For the third quarter of fiscal year 2026 (November 1, 2025 to July 31, 2026), Top Culture reported consolidated net sales of JPY 14.617 billion, marking a 10.3% increase compared to the same period in the prior year.
• Operating profit for the period was JPY 133 million, and ordinary profit was JPY 103 million. This contrasts with an operating loss of JPY 221 million and an ordinary loss of JPY 284 million in the prior year’s third quarter.
• Net income attributable to parent company shareholders reached JPY 1.662 billion, a turnaround from a loss of JPY 407 million in the prior year. Earnings per share were JPY 106.47.
• Total assets stood at JPY 17.425 billion, net assets at JPY 2.323 billion, and the equity ratio was 13.0%.
• Effective April 1, 2026, the company acquired the bookstore business of nine stores from Meibundo Planner Co., Ltd. via business succession, with Meibundo included as a consolidated subsidiary from the interim period.
• All shares of Method Kaiser Co., Ltd. were transferred on June 26, 2026, and the company has been excluded from consolidation since July.
• The full-year consolidated earnings forecast for fiscal year 2026 remains undetermined due to significant changes in the business structure, making a reasonable calculation difficult at present.

Top Culture’s Q3 FY2026 results show a significant year-over-year increase in revenue and a return to profitability across operating, ordinary, and net income attributable to parent company levels. This performance appears to be primarily driven by the business succession of Meibundo Planner’s bookstore operations, along with contributions from new business initiatives, operational efficiency improvements, and special gains from asset optimization. However, the company’s full-year earnings forecast remains undecided due to substantial shifts in its business portfolio, making future disclosures a point of interest for investors.

• Hamayuu Co., Ltd. has announced its non-consolidated financial results for the fiscal year ended July 2026.
• For FY2026, net sales were ¥6,276 million (up 3.0% year-on-year), operating profit was ¥205 million (up 8.5%), and ordinary profit was ¥207 million (up 7.9%).
• Net profit for the period was ¥9 million (down 88.2% year-on-year), primarily due to the recognition of extraordinary losses, including impairment losses totaling ¥166 million.
• The year-end dividend increased to ¥17.00 per share (from ¥15.00 in the previous period), bringing the total annual dividend to ¥17.00.
• For the fiscal year ending July 2027, the company forecasts net sales of ¥6,075 million (down 3.2% year-on-year), operating profit of ¥153 million (down 25.2%), ordinary profit of ¥156 million (down 24.8%), and net profit of ¥86 million (up 797.0%).

Hamayuu achieved increased sales, operating profit, and ordinary profit in FY2026, supported by new store openings and existing store renovations. The significant decline in net profit appears to be primarily driven by a one-time impairment loss of ¥166 million related to the headquarters building reconstruction and business restructuring. While FY2027 forecasts a decrease in revenue and operating profit, the projected substantial recovery in net profit may suggest that the previous period’s impairment was an isolated event, with future efforts focused on improving profitability by concentrating management resources.

• Yuke’s announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending January 2027, covering February 1, 2026, to July 31, 2026.
• Net sales reached ¥2,592 million, marking a 43.9% increase compared to the previous interim period.
• Operating profit was ¥165 million (up 224.6% YoY), and ordinary profit was ¥144 million (up 192.3% YoY).
• Net profit attributable to owners of the parent decreased by 5.3% to ¥32 million.
• The full-year consolidated earnings forecast for the fiscal year ending January 2027 remains unchanged from the most recently published forecast: net sales of ¥5,300 million, operating profit of ¥275 million, ordinary profit of ¥290 million, and net profit attributable to owners of the parent of ¥280 million.
• The equity ratio improved to 65.9% as of the interim period of FY2027, up from 63.0% at the end of the previous fiscal year.
• The interim dividend is ¥0.00, and the year-end dividend forecast is ¥10.00, leading to a projected annual dividend of ¥10.00.

While Yuke’s demonstrated strong growth in net sales, operating profit, and ordinary profit, the decrease in net profit attributable to owners of the parent warrants attention. This could be influenced by factors such as lower-than-expected sales of “Utawarerumono: Mask of White” by its consolidated subsidiary AQUAPLUS, and the fact that AQUAPLUS’s results were not included in the prior year’s interim consolidated performance. The unchanged full-year forecast suggests management anticipates a recovery in the latter half of the fiscal year, making the performance of its commissioned development projects and proprietary IPs key areas for investors to monitor.

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

• Kyowa Kogyosho Co., Ltd. announced its Consolidated Financial Results for the First Quarter of the Fiscal Year Ending April 2027 (Japanese GAAP) on September 10, 2026.
• For the first quarter cumulative period (May 1, 2026 – July 31, 2026), net sales were JPY 2,984 million, a 4.6% increase compared to the same period of the previous fiscal year.
• Operating profit was JPY 279 million (down 20.5% year-on-year), ordinary profit was JPY 357 million (down 14.2% year-on-year), and profit attributable to owners of parent was JPY 238 million (down 18.2% year-on-year).
• Sales by major business segment were: Construction Machinery segment JPY 2,850 million (up 4.2%), Automobile-related segment JPY 22 million (down 17.7%), Industrial Machinery segment JPY 26 million (down 6.3%), and Other segments JPY 84 million (up 35.4%).
• The consolidated earnings forecasts for the full fiscal year ending April 2027 and the second quarter cumulative period remain unchanged from the latest announcement made on June 15, 2026.

Kyowa Kogyosho’s Q1 FY2027 results show an increase in net sales but a decline in all profit categories, which could be a point of interest for investors. While the Construction Machinery segment drove overall sales growth, the decrease in profits across the board might suggest pressures from external economic uncertainties or rising costs. The unchanged full-year earnings forecast could indicate management’s confidence in a recovery in subsequent quarters, a trend that may be worth monitoring.

• Rokko Butter’s consolidated results for the second quarter (interim) of the fiscal year ending December 2026 show net sales of ¥26.9 billion (up ¥0.4 billion from plan) and operating profit of ¥0.7 billion (down ¥0.3 billion from plan).
• Net sales exceeded the initial plan by ¥0.4 billion, driven by sales promotion measures in the cheese business and synergy effects with Mitsuya GR in the nuts business.
• Operating profit fell ¥0.3 billion short of the plan due to soaring material costs (average over 10%) linked to the deteriorating Middle East situation, yen depreciation exceeding the initial plan’s assumption by over ¥10, and increased personnel expenses.
• Segment-wise, the cheese business reported sales of ¥21.257 billion (up ¥0.227 billion from plan), and the nuts business reported sales of ¥5.578 billion (up ¥0.178 billion from plan).
• Key factors affecting operating profit included increases in raw material prices (down ¥0.4 billion), exchange rate fluctuations (down ¥0.3 billion), and increased expenses (down ¥0.4 billion), partially offset by price revision effects (up ¥0.7 billion), increased sales volume (up ¥0.2 billion), and reduced Expo-related expenses (up ¥0.2 billion).

While Rokko Butter’s interim results show resilient sales growth exceeding targets, the escalating raw material costs and rapid yen depreciation, influenced by global events, have evidently put pressure on profitability. The strong performance in the core cheese business and the positive impact of price revisions appear to have provided some revenue improvements. However, the higher-than-expected increase in overall costs seems to be a significant factor in the lower operating profit compared to projections.

• Pluszero Inc. released its Q&A and an online briefing video regarding its Q3 FY2026 financial results on September 10, 2026.
• The company plans to accelerate the adoption rate of AEI (AI operator) users, driven by the establishment of package-type solutions and automation advancements in custom-made solutions.
• AEI is technically capable of multi-language support, and global market expansion is contingent on the company’s decision-making, currently being considered as a strategic option for foreign currency acquisition.
• The company is actively considering M&A as a means to expand sales and stated it is entering a phase of more aggressive evaluation of such opportunities.
• Automation in AI coding is progressing rapidly, including initial implementation, which the company identifies as a source of sustainable competitive advantage.

The newly released Q&A provides insights into Pluszero’s strategies for expanding AEI adoption and its aspirations for international expansion, which could be key drivers for future business growth. The emphasis on an active M&A strategy and the rapid advancement in AI coding automation may suggest an ongoing effort to strengthen the company’s competitive edge. The cautious approach to physical AI and the broader rollout of specific solutions, prioritizing resource allocation and technological maturity, might indicate a focused and pragmatic operational strategy.

• P-CS CREATE announced its non-consolidated financial results for the fiscal year ended July 2026 (August 1, 2025 – July 31, 2026).
• Sales reached ¥15,353 million (up 30.4% year-on-year), operating profit ¥1,250 million (up 71.4% year-on-year), ordinary profit ¥902 million (up 72.2% year-on-year), and net profit ¥589 million (up 68.4% year-on-year).
• Diluted earnings per share were ¥786.03, and adjusted diluted EPS were ¥721.93.
• The company’s financial position showed total assets of ¥14,496 million, net assets of ¥3,179 million, and an equity ratio of 21.9%.
• For the fiscal year ending July 2027, the company forecasts sales of ¥14,590 million (down 5.0% year-on-year), operating profit of ¥775 million (down 38.0% year-on-year), and net profit of ¥253 million (down 56.9% year-on-year).

• Mitsuboshi Co., Ltd. resolved to make Tenshin Shoji Co., Ltd. a subsidiary through a simplified stock delivery and a cash acquisition of shares.
• Mitsuboshi will acquire 51% of Tenshin Shoji’s issued shares, making it a consolidated subsidiary.
• A portion of the consideration will be Mitsuboshi shares (utilizing the stock delivery system), and the remaining 150 million yen will be a cash payment, funded by M&A capital raised from a third-party allocation of new shares dated December 16, 2025.
• Mitsuboshi will establish a “Resource Innovation Division” and commence a non-ferrous metal recycling business, primarily focusing on copper.
• The schedule for this stock delivery is as follows: Board of Directors’ resolution on September 10, 2026; application deadline for transfer of shares of the stock delivery subsidiary on October 23, 2026; and effective date of the stock delivery on October 26, 2026.

This announcement suggests Mitsuboshi is taking concrete steps to implement its “business portfolio transformation” outlined in its mid-term management plan. Entering the non-ferrous metal recycling business appears to align with the anticipated long-term increase in copper demand driven by the proliferation of EVs and renewable energy, as well as the growing importance of resource circulation. The combination of stock delivery and cash acquisition may indicate a strategy to manage capital outflow, mitigate dilution for existing shareholders, and foster long-term alignment of interests with the subsidiary’s shareholders.

• GMO Financial Gate, Inc. has revised its consolidated earnings forecast for the full fiscal year ending September 2026 (October 1, 2025 – September 30, 2026).
• Revenue is revised upward from the previous forecast of ¥19,730 million to ¥22,000 million (an increase of 11.5%).
• Profit attributable to owners of parent is revised from the previous forecast of ¥1,870 million to ¥1,903 million (an increase of 1.8%).
• Basic earnings per share are revised from ¥226.50 to ¥230.50.
• The year-end dividend forecast for the fiscal year ending September 2026 is revised upward from ¥125.00 per share to ¥127.00 per share.
• The revision is attributed to successful promotion strategies targeting SME (small and medium-sized enterprise) merchants, leading to increased merchant acquisition, smooth progress of large-scale projects contributing to initial sales, and growth in recurring revenue driven by an increase in active ID numbers and expanded payment processing volume and value.

The upward revision of the earnings forecast suggests the effectiveness of GMO-FG’s strategic initiatives, particularly in the SME sector and with large-scale projects, which appear to be driving both initial and recurring revenue growth. The concurrent increase in the dividend forecast aligns with the improved earnings outlook and the company’s stated profit distribution policy. Investors may find it noteworthy that the company cited both initial and recurring revenue strength as contributors to the improved outlook.

• Taisei Oncho announced a 4-for-1 stock split for its common shares, with the record date set for September 30, 2026, and the effective date on October 1, 2026.
• Following the split, the total number of issued shares will increase from 6,882,487 to 27,529,948, and the total number of authorized shares will change from 27.5 million to 110 million.
• An amendment to the Articles of Incorporation will be made to reflect the increase in the total number of authorized shares, effective October 1, 2026.
• The shareholder benefits program will see changes in the required number of shares held, but these are proportional to the stock split, resulting in no substantive change. This will apply from the March 31, 2027 record date.
• The dividend forecast for the fiscal year ending March 2027 will be revised due to the stock split, though the effective dividend amount remains unchanged from the previous forecast. The interim dividend will be based on pre-split shares, while the year-end dividend will be based on post-split shares.

This stock split appears aimed at making the company’s shares more accessible to a wider range of investors by lowering the per-unit investment amount, potentially enhancing market liquidity. The company’s decision to maintain the effective value of shareholder benefits and dividends may indicate an effort to balance attracting new investors with reassuring existing shareholders.

• Digital Garage announced a change in the conditions of the tender offer for shares of its equity-method affiliate, Kakaku.com, Inc.
• The tender offer price by Kamgras 1 Corporation has been raised from ¥3,571 to ¥3,680 per share.
• The share buyback price per Kakaku.com share related to the treasury stock acquisition has been changed from ¥2,903 to ¥2,992.
• This revision affects the “expected recognition of special profit (non-consolidated)” previously announced on May 12, 2026.
• The condition changes followed discussions concerning competing proposals for Kakaku.com from LINE Yahoo Corporation and Bain Capital.

This adjustment in tender offer and share buyback prices for Kakaku.com shares may impact Digital Garage’s special profit recognition from the sale of its holdings. The upward revision in prices, amidst competing proposals for Kakaku.com, suggests a dynamic market environment for the affiliate’s privatization. Investors will likely be monitoring how this revised transaction will translate into Digital Garage’s financial statements.

• ELITZ HOLDINGS Co., Ltd. resolved to acquire all shares of D-HOME Co., Ltd. and make it a wholly-owned subsidiary, as decided by its Board of Directors on September 10, 2026.
• The acquisition aims to expand ELITZ HOLDINGS Group’s regional revenue base by integrating D-HOME’s rental properties, rental property management, and real estate development businesses.
• D-HOME Co., Ltd. is based in Akashi City, Hyogo Prefecture, engaged in real estate leasing, sales, management, and brokerage, with a capital of 10 million yen, established on July 20, 1972.
• The number of shares acquired is 200 (100.0% voting rights), with an estimated acquisition price of 700 million yen for D-HOME common shares and approximately 66 million yen for advisory fees, totaling an estimated 766 million yen.
• The share transfer is scheduled for mid-November 2026, and is not expected to impact the consolidated financial results for the current fiscal year.

This acquisition suggests ELITZ HOLDINGS is pursuing a strategy of regional expansion and strengthening its real estate-related businesses. Integrating D-HOME’s operations, particularly in Akashi City, Hyogo Prefecture, could enhance ELITZ HOLDINGS’ market presence in that region. Investors may want to monitor how this subsidiary contributes to the group’s overall business portfolio and future financial performance.

• Nagaoka Co., Ltd. resolved to acquire all shares of SKE Co., Ltd. and make it a wholly-owned subsidiary at a Board of Directors meeting held on September 10, 2026.
• The number of shares acquired is 340, representing 100% of voting rights.
• The acquisition cost for SKE common shares is 1,050 million yen, with an estimated 57 million yen for advisory fees, totaling an approximate 1,107 million yen.
• SKE was established on November 5, 1985, and its main businesses include planning, design, rental services, equipment sales, and after-sales follow-up and maintenance of wastewater treatment facilities. Its head office is located in Chikushino City, Fukuoka Prefecture.
• The scheduled share transfer date is September 30, 2026.

This acquisition aligns with Nagaoka’s mid-term management plan to transform into a comprehensive water treatment company. By making SKE, which specializes in wastewater treatment facilities, a subsidiary, Nagaoka aims to expand its water-related business service areas. The integration of SKE’s expertise, customer base, and sales network with Nagaoka’s technology and market presence could create synergies. Leveraging SKE’s stable revenue base and the Nagaoka Group’s management foundation and technological capabilities is expected to enhance corporate value.

• Access Nextage, a subsidiary of Access Group Holdings Inc., has entered into a business alliance agreement with NTV HR Research Institute Co., Ltd.
• The agreement was resolved by the board of directors and signed on September 10, 2026.
• The alliance includes joint development of new services for end-to-end support from “career support” to “post-employment success,” mutual provision of creative content leveraging NTV HR’s video production capabilities, integration of corporate training and new graduate recruitment services, enhancement of employee and student engagement using welfare apps and AI solutions, and joint seminars/briefings.
• While the impact on the consolidated financial performance for the current fiscal year is expected to be minor, the alliance is anticipated to contribute to the Human Resource Solutions business and Education Institution Support business in the future.
• NTV HR Research Institute was established in May 2025, headquartered at NTV Tower, and its main businesses include video training, recruitment support, HR consulting, and AI utilization support.

This business alliance appears to be a strategic move by Access Group to expand its service offerings and enhance quality within its Human Resource Solutions and Education Institution Support segments. By addressing societal challenges such as declining birth rates and labor shortages, the alliance could potentially strengthen the company’s future business foundation through a comprehensive support system for students and corporations. The partnership with NTV HR Research Institute, in particular, may introduce new strengths like video production and AI solutions, which could lead to more competitive service offerings in the market.

• Casa Inc. announced its Q2 FY2027 financial results.
• Revenue reached ¥6,726 million, marking a 106% increase compared to the prior year.
• Operating loss improved to -¥99 million, an improvement of ¥124 million compared to plan and ¥44 million compared to the prior year.
• New contract acquisitions totaled 80 thousand cases (up 6% YoY), and total contracts in force reached 714 thousand cases (up 6% YoY).
• Commercial guarantees saw an increase in contract volume, with high-rent categories over ¥500,000 particularly strong, contributing to higher average contract value and overall revenue growth.
• Provision for doubtful accounts was ¥1,722 million (down 4% YoY), with an initial collection rate improving to 95.8% (up 0.9 percentage points YoY).

Casa’s Q2 FY2027 results indicate robust revenue growth and a significant improvement in operating loss, which may suggest enhanced operational efficiency and progress in managing credit costs. The strong performance of commercial guarantees, particularly in higher rent categories, could indicate a positive shift in the revenue mix and future profitability. Furthermore, the improved collection rate and reduced provision for doubtful accounts point to improved financial health, which is worth monitoring for investors.