Japan Stock IR Daily – September 16, 2026 (24 reports)

• Oliver Inc. was listed on the Tokyo Stock Exchange Standard Market on September 16, 2026.
• The full-year earnings forecast for the fiscal year ending December 2026 includes net sales of ¥38,000 million (an 8.5% increase year-on-year), operating profit of ¥3,844 million (an 8.5% increase year-on-year), profit before tax of ¥3,807 million (an 8.0% increase year-on-year), and profit for the period of ¥2,618 million (a 4.3% increase year-on-year).
• For the interim accounting period of FY2026, actual results showed net sales of ¥18,645 million (a 9.1% increase from the previous interim period), operating profit of ¥2,106 million (a 15.3% increase), and profit for the period of ¥1,444 million (a 14.0% increase).
• A dividend per share of ¥18.33 is forecasted for FY2026, with a dividend policy targeting a 70% payout ratio.
• For FY2027 and beyond, the company aims to maintain or increase dividends, targeting a payout ratio of 50% or more.

The announced earnings forecast on its listing day, projecting solid growth in both net sales and operating profit by 8.5% year-on-year, is a key point for investors to consider. The explicit commitment to a high dividend payout ratio may signal the company’s proactive stance on shareholder returns. Factors such as the resilient non-residential renovation market and increasing inbound demand could potentially support the company’s growth trajectory.

• G-AudioS Co., Ltd. was listed on the Tokyo Stock Exchange Growth Market on September 16, 2026.
• For the fiscal year ending September 2026 (forecast), the company anticipates net sales of ¥1,753 million (+16.3% year-over-year), operating profit of ¥444 million (+16.6% YoY), ordinary profit of ¥434 million (+15.0% YoY), and net profit of ¥327 million (-25.6% YoY).
• For the nine months ended June 2026, actual net sales were ¥1,310 million, operating profit was ¥344 million, ordinary profit was ¥346 million, and quarterly net profit was ¥344 million.
• The company operates as a single segment, “Audiostock business,” offering two services: subscription revenue and copyright/related rights revenue.
• The breakdown of forecast net sales for FY2026/9 includes ¥650 million from subscription revenue (+8.3% YoY) and ¥1,084 million from copyright/related rights revenue (+22.7% YoY).

The listing of G-AudioS on the TSE Growth Market marks a significant milestone, reflecting its business growth. While the company forecasts double-digit increases in net sales, operating profit, and ordinary profit for FY2026/9, the expected decrease in net profit is attributed to the reversal of a one-time gain from related rights revenue in the previous fiscal year. The strong growth in copyright and related rights revenue and the expanding domestic stock music market could be key areas for investors to monitor regarding the company’s future performance.

• NEXT FUNDS Tokyo Stock Exchange REIT Index Exchange Traded Fund (1343) announced its earnings report for the fiscal period ended August 2026 (February 11, 2026 – August 10, 2026) on September 16, 2026.
• Net assets at the end of the current period (August 10, 2026) totaled JPY 535,796 million. Net assets at the end of the previous period (February 10, 2026) were JPY 561,973 million.
• The Net Asset Value per 100 units for the current period was JPY 193,631. It was JPY 215,600 for the previous period.
• The dividend per 100 units for the current period was JPY 2,060. It was JPY 2,550 for the previous period.
• The scheduled date for the submission of the securities report is October 28, 2026, and the dividend payment commencement date is September 18, 2026.

This earnings announcement shows changes in net assets, Net Asset Value per 100 units, and dividends compared to the previous period. The composition ratio of primary invested assets, REITs, accounted for 97.9% of total assets, indicating a consistent investment strategy reflecting the fund’s nature. The trends in created and exchanged units are noteworthy as indicators of investor capital flows.

• NEXT FUNDS NASDAQ-100® (Unhedged) Exchange Traded Fund (Code: 1545) announced its earnings report for the fiscal year ended August 2026 (August 11, 2025 – August 10, 2026) on September 16, 2026.
• Net assets for the fiscal year ended August 2026 increased to JPY 117,899 million, up from JPY 82,306 million in the previous fiscal year.
• Primary invested assets in stocks amounted to JPY 114,848 million, while cash, deposits, and other assets (excluding liabilities) totaled JPY 3,050 million.
• The number of issued units at the end of the fiscal period was 497,967 thousand units, and the net asset value per 10 units was JPY 2,368.
• The dividend per 10 units was announced as JPY 6, a decrease from JPY 1,420 in the previous fiscal year.
• A subdivision of beneficial interests was conducted on May 26, 2026, at a ratio of 200 units for every 1 unit.

• NEXT FUNDS DJIA (Unhedged) Exchange Traded Fund (Code: 1546) announced its earnings report for the fiscal year ended August 2026 on September 16, 2026.
• Total net assets for the fiscal year ended August 2026 (August 11, 2025 – August 10, 2026) amounted to JPY 30,492 million, an increase from JPY 21,440 million at the end of the previous fiscal period.
• The Net Asset Value per unit for the same period was JPY 82,818, which is an increase compared to JPY 62,748 at the end of the previous fiscal period.
• The dividend per unit for the fiscal year ended August 2026 was announced as JPY 756.
• The dividend payment commencement date is September 18, 2026, and the scheduled submission date for the securities report is October 28, 2026.

This earnings report provides a snapshot of the operational performance for the NEXT FUNDS DJIA (Unhedged) ETF. The reported increases in total net assets and net asset value per unit may suggest growth in the fund’s size and performance. Investors might consider these figures and the dividend payout as key metrics when evaluating the fund’s recent activities.

• NEXT FUNDS Thai Stock SET50 Exchange Traded Fund (1559) released its earnings report for the fiscal year ended August 2026 (August 11, 2025 – August 10, 2026).
• Net assets at the end of the period totaled JPY 1,176 million, an increase from JPY 848 million at the end of the previous fiscal year.
• The asset composition showed primary invested assets (stocks) at 97.8% (JPY 1,151 million) and cash/deposits/other assets at 2.2% (JPY 25 million).
• The number of issued units at the end of the fiscal period was 240 thousand units, remaining consistent with the previous fiscal year.
• The net asset value per 10 units was JPY 49,039, and the dividend per 10 units was JPY 1,580.
• The scheduled date for submission of the securities report is October 28, 2026, and dividend payment is set to commence on September 18, 2026.

NEXT FUNDS Thai Stock SET50 has reported an increase in net assets and net asset value per unit for the fiscal year ended August 2026. This development suggests a positive performance of its primary invested assets, which are predominantly stocks. The consistent number of issued units could indicate a stable demand for the fund.

• NEXT FUNDS FTSE Bursa Malaysia KLCI Exchange Traded Fund (Code: 1560) announced its earnings report for the fiscal year ended August 2026 (August 11, 2025 – August 10, 2026).
• Net assets for FY2026 totaled JPY 973 million, an increase from JPY 783 million in the previous fiscal year.
• The Net Asset Value per 10 units was JPY 64,929 (compared to JPY 52,201 in the previous year), and the dividend per 10 units was JPY 2,120 (compared to JPY 1,640 in the previous year).
• Primary invested assets were stocks, totaling JPY 951 million (97.7% of total assets), with cash, deposits, and other assets accounting for JPY 22 million (2.3%).
• The number of issued units at the end of the fiscal period remained at 150 thousand units, with no creations or redemptions during the period.

This earnings report provides a factual overview of the NEXT FUNDS FTSE Bursa Malaysia KLCI ETF’s performance for the fiscal year ended August 2026. The increase in net assets, net asset value per unit, and dividend payment per unit compared to the prior fiscal year may be of interest to investors. Given that the primary invested assets are stocks, the fund’s performance appears to be closely tied to the underlying FTSE Bursa Malaysia KLCI Index and the broader Malaysian market conditions.

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

• Fund Name: NEXT FUNDS Nifty 50 Linked Exchange Traded Fund (Code: 1678).
• For the fiscal year ended August 2026 (August 11, 2025 – August 10, 2026), total net assets were JPY 51,499 million.
• Primary invested assets are public and corporate bonds, amounting to JPY 33,051 million (64.2% of total assets) at the end of the period.
• The number of issued units at the end of the fiscal period was 163,790 thousand units.
• Net asset value per 100 units was JPY 31,442, and the dividend per 100 units was JPY 940.
• The scheduled date for commencing dividend payment is September 18, 2026.

NEXT FUNDS Nifty 50 Linked ETF (1678) has released its earnings report for the fiscal year ended August 2026, showing net assets of JPY 51.499 billion and a dividend payment of JPY 940 per 100 units. Investors may focus on the fund’s asset size, operational status, and dividend level as key indicators. The primary investment in public and corporate bonds, while linked to the Nifty 50 index, is also a relevant aspect for understanding the fund’s structure.

• NEXT FUNDS NOMURA Crude Oil Long Index Linked Exchange Traded Fund (1699) announced its semi-annual earnings report for the fiscal year ending February 2027 (covering February 11, 2026, to August 10, 2026) on September 16, 2026.
• Net assets at the end of the semi-annual period (August 2026) were JPY 17,728 million.
• The Net Asset Value per 10 units at the end of the same semi-annual period was JPY 5,892.
• Public and corporate bonds are listed as primary invested assets. At the end of the semi-annual period in August 2026, the asset breakdown showed JPY 914 million (5.2% ratio) in primary invested assets and JPY 16,813 million (94.8% ratio) in cash, deposits, and other assets (excluding liabilities).
• During the semi-annual period, 18,730 thousand units were created and 54,540 thousand units were redeemed, resulting in 30,090 thousand units outstanding at the end of the period.

This semi-annual report provides investors with an overview of the performance of the crude oil index-linked ETF. The reported changes in net asset value, Net Asset Value per 10 units, and units outstanding may reflect both market sentiment towards crude oil and the overall performance of the underlying index. The composition of assets offers insights into the fund’s asset allocation strategy.

• NEXT FUNDS NASDAQ-100® (Yen-Hedged) Exchange Traded Fund (Code: 2845) announced its earnings report for the fiscal year ended August 2026 (February 11, 2026 – August 10, 2026).
• Net assets at the end of the current fiscal period (as of August 10, 2026) totaled JPY 14,555 million, an increase from JPY 12,649 million at the end of the previous fiscal period (as of February 10, 2026).
• The primary invested assets in stocks amounted to JPY 13,081 million, representing 89.9% of the total, at the end of the current fiscal period.
• The Net Asset Value per 100 units was JPY 357,201 at the end of the current fiscal period, an increase from JPY 308,904 at the end of the previous fiscal period.
• The dividend per 100 units was announced as JPY 500 for the current fiscal period, consistent with the previous fiscal period (February 2026).

This ETF aims to track the NASDAQ-100 Currency Hedged JPY TR™ Index, and the reported results indicate an increase in both net assets and net asset value. This may suggest a positive performance of the underlying index, potentially supported by the yen-hedged strategy. Investors typically observe these metrics as indicators of the fund’s operational health and its ability to track its benchmark.

• NEXT FUNDS DJIA (Yen-Hedged) Exchange Traded Fund (Code: 2846) announced its earnings report for the fiscal year ended August 2026 (February 11, 2026 – August 10, 2026).
• Net assets totaled JPY 16,002 million, an increase from JPY 11,255 million in the fiscal year ended February 2026.
• The number of issued units at the end of the current fiscal period was 6,150 thousand units, up from 4,590 thousand units at the end of the previous fiscal period. Units created were 7,230 thousand units, and units redeemed were 5,670 thousand units.
• The net asset value per 100 units was JPY 260,205, and the dividend per 100 units was JPY 1,000.
• The dividend payment commencement date is September 18, 2026, and the scheduled submission date for the securities report is October 28, 2026.

This earnings report indicates an increase in both the fund’s net assets and outstanding units compared to the previous fiscal period. This could suggest that capital inflows from investors exceeded redemptions, potentially reflecting growing investor interest in the fund. The declared dividend per 100 units may also offer insights into the fund’s income distribution policy.

• Horii Food Service Co., Ltd. resolved to enhance its shareholder benefit program at a Board of Directors meeting held on September 16, 2026.
• The new system will be implemented starting from the record date of November 30, 2026.
• In addition to the existing benefits, a “held for 1 year or more” category for continuous shareholders will be introduced, increasing the value of Japanet Gift Cards or Horii Food dining vouchers.
• A new special benefit will offer a lottery for a “Japan/Southern Islands Cruise Trip” for 5 pairs (10 people), targeting shareholders holding 1,000 shares or more as of November 30, 2026. One lottery ticket will be granted for every 1,000 shares held.
• As a transitional measure for continuous holding benefits, shareholders who have held shares consecutively for two times at the end of May 2026 and November 2026 will be eligible.

The enhancement of the shareholder benefit program appears to be aimed at expressing gratitude to existing shareholders and attracting new individual investors. The introduction of continuous holding benefits could be seen as an initiative to encourage long-term share ownership. Furthermore, the unique and high-value cruise trip lottery for larger shareholders might serve to boost the appeal of holding the company’s stock among this investor segment.

• R-Kasumigaseki Hotel announced its financial results for the 2026 July fiscal period.
• Operating revenue was ¥1,655 million (3.6% increase from previous period), while operating income was ¥1,105 million (△5.5% decrease from previous period).
• Ordinary income reached ¥840 million (11.1% increase from previous period), and net income was ¥839 million (11.2% increase from previous period).
• Distribution per unit (including excess distribution) was ¥3,145, with total distribution amounting to ¥903 million.
• For the 2027 January fiscal period, the forecast for operating revenue is ¥1,738 million, and distribution per unit (including excess distribution) is ¥3,443.

R-Kasumigaseki Hotel’s 2026 July period results show an increase in operating revenue and net income, while operating income declined. This could suggest shifts in revenue structure or increased operational costs. The increase in distribution per unit, including excess distribution, compared to the previous period, may be a key point of interest for investors.

• G-PostPrime announced a change in the effective date for the absorption merger of its wholly-owned subsidiary, TakaTrade Corporation.
• The previous scheduled effective date was December 1, 2026.
• The new scheduled effective date is November 1, 2026.
• The reason for the change is a re-evaluation of the procedural schedule for the merger.
• The purpose, method, and other details of the merger remain unchanged, and as it is an absorption merger between the company and its wholly-owned subsidiary, its direct impact on the company’s consolidated performance is deemed minor.
• The company expects to record a loss on the retirement of treasury stock in its non-consolidated financial statements, with the exact amount currently under review.

This adjustment to the merger effective date, bringing it forward by one month, suggests a refinement in the procedural timeline for the integration of TakaTrade Corporation. While the impact on consolidated performance is stated as minor, the potential recording of a loss on the retirement of treasury stock in non-consolidated financial statements could be a point of interest for investors as further details emerge. This indicates a focus on optimizing internal corporate structure.

• Tsukada Global HD’s consolidated subsidiary, Best Hospitality Network Co., Ltd., has commenced operating wedding services at “RIHGA Royal Hotel Osaka Vignette Collection”.
• This business alliance aims for further expansion of the contracted wedding business.
• The contracted operational areas include a chapel (maximum 120 seated guests), a shrine (maximum 40 seated guests), and banquet rooms (accommodating receptions from 6 to 600 guests).
• The business alliance partner is RRHO Operations Inc., whose business activity is lodging facility operation, established on November 30, 2022, with a capital of JPY 1 million.
• The Board of Directors’ resolution date, contract signing date, and business commencement date are all September 16, 2026.

Tsukada Global HD is expanding its contracted wedding business within luxury hotels through its consolidated subsidiary. This new alliance signifies a strategic move into a prominent Osaka hotel, which could contribute to the future revenue base of its wedding segment. While the impact on the consolidated results for the fiscal year ending December 2026 is stated as minor, the impact on fiscal year 2027 and beyond is currently under review, making future disclosures noteworthy for investors.

• TOKAI Holdings Corporation announced a postponement of the scheduled execution date for the acquisition of shares in Taft Hydroenergy Corporation, which was initially disclosed on March 24, 2026, for its consolidation.
• The reason for the postponement is attributed to ongoing discussions and adjustments requiring more time for certain procedures related to the share acquisition.
• The original planned share transfer execution date was “June 2026 (scheduled),” which has now been revised to “under discussion (to be announced once determined).”
• The company stated that the delay in the share acquisition schedule is expected to have a minor impact on its consolidated financial results for the current fiscal year.
• This acquisition involves TOKAI Corporation, a wholly-owned subsidiary of TOKAI Holdings, acquiring shares in Taft Hydroenergy Corporation.

The postponement of the consolidation of Taft Hydroenergy Corporation may suggest that complex procedural challenges are encountered in international M&A. While the change in the execution date could affect the timing of the acquired company’s contribution to future earnings, the company has indicated a minor impact on current fiscal year consolidated results, suggesting limited short-term financial repercussions. Investors may want to monitor future announcements regarding the revised schedule and any potential long-term implications.

• Redux announced on September 16, 2026, the signing of a sponsorship agreement with Harika Co., Ltd., conditional on acquiring shares of the company succeeding Harika’s business to make it a consolidated subsidiary.
• This transaction will be executed under the “Second Company Scheme,” where Harika’s business will be transferred to a successor company established by Harika via absorption-type split, after which Redux will acquire all shares of the successor company.
• The successor company is Harika Co., Ltd. (Location: 3-30-17 Higashi-Oizumi, Nerima-ku, Tokyo; Capital: 1 yen; Established: July 31, 2026), and its business is scheduled to succeed that of the original Harika.
• The financial results for the business to be succeeded (fiscal year ended December 2025) were sales of 5,101 million yen and operating loss of 13 million yen. The financial position (approximate as of end of February 2026) was net assets of approximately 936 million yen and total assets of approximately 1,800 million yen.
• The Redux Group aims to create synergies in the domestic gift market by combining Harika’s customer base with Redux Group’s specialized knowledge, resources, and Freedom Holding Corp.’s FinTech.

This acquisition appears to be a strategic move by Redux to consolidate a long-established gift business and pursue diverse operational synergies. It may suggest Redux’s intent to capitalize on the growing domestic gift market, address Harika’s financial and business succession challenges, and leverage the Redux Group’s extensive distribution, financial, and promotional networks for business expansion. The ambitious goal of expanding to 1,000 stores nationwide and considering a future IPO for the successor company could indicate the strategic importance of this transaction to Redux’s mid-to-long-term growth trajectory.

• TOC Co., Ltd. resolved to revise its dividend forecast for the fiscal year ending March 2027 at a Board of Directors meeting held on September 16, 2026.
• The total annual dividend per share is revised from the previous forecast of ¥10.00 to the new forecast of ¥11.00.
• The second quarter-end dividend per share is revised from the previous forecast of ¥5.00 to the new forecast of ¥5.50.
• The year-end dividend per share is revised from the previous forecast of ¥5.00 to the new forecast of ¥5.50.
• The revision is based on the company’s fundamental policy of maintaining stable and continuous dividends, taking into account business performance, dividend payout ratio, and the need for internal reserves for future business development and strengthening the management base.

This revised dividend forecast indicates an increase in the annual dividend for the fiscal year ending March 2027. This move may suggest the company’s commitment to maintaining a stable and continuous dividend policy, which is often a key factor for investors. The consistency of dividend revisions can be an important point for investors to monitor when evaluating the company’s financial health and shareholder returns.

• Oriental Chain Mfg. Co., Ltd. announced the launch of its “X-AI” project and a business alliance with KUROJIKA Co., Ltd. on September 16, 2026.
• The “X-AI” project is a company-wide initiative combining frontier technologies such as AI, digital technology, physical AI, and robotics.
• Key focus areas include manufacturing/quality, skill/knowledge transfer, physical AI/robotics, customer value/new business, and management/operations infrastructure.
• KUROJIKA Co., Ltd. is based in Shibuya-ku, Tokyo, with Nobuo Hayakawa as Representative Director. Its business involves management support, profit improvement, and organizational execution enhancement based on data analysis, with a capital of 1 million yen.
• The business alliance encompasses data organization/analysis, selection/planning for AI/digital technology implementation, development of business processes/promotion systems/talent development, and joint planning/commercialization/market expansion of AI/DX-related services for manufacturers.
• The project and alliance are scheduled to commence operations on September 24, 2026.

This announcement suggests Oriental Chain Mfg. Co. is strategically integrating frontier technologies into its existing technical and customer bases to pursue new growth opportunities amidst structural changes. The alliance with KUROJIKA Co., Ltd. appears aimed at accelerating the implementation of the “X-AI” project by leveraging KUROJIKA’s expertise in data analysis and business transformation. The stated intent to consider collaboration with external partners for project promotion indicates a focus on securing specialized expertise and implementation capabilities.

• Densan Co., Ltd. announced an upward revision to its consolidated earnings forecast for the second quarter (interim) of the fiscal year ending March 2027, resolved at its Board of Directors meeting on September 16, 2026.
• The revised consolidated net sales are ¥8,570 million, an increase of ¥450 million (5.5%) from the previous forecast.
• The revised consolidated operating profit is ¥820 million, an increase of ¥509 million (163.7%) from the previous forecast.
• The revised consolidated ordinary profit is ¥840 million, an increase of ¥518 million (160.9%) from the previous forecast.
• Net income attributable to owners of the parent for the interim period is revised to ¥590 million, an increase of ¥368 million (165.8%), with interim earnings per share at ¥106.31.
• Key reasons for the revision include the acquisition of new projects in the public sector, the early recognition of certain projects originally planned for the second half, the early recognition of highly profitable projects, and reduced outsourcing costs due to insourcing certain operations.
• The consolidated full-year earnings forecast for the fiscal year ending March 2027 remains unchanged from the announcement on May 15, 2026.

The significant upward revision to interim operating profit, surging by 163.7%, is a key highlight, suggesting that cost efficiencies from insourcing, alongside increased sales, have notably improved profitability. The decision to keep the full-year forecast unchanged may indicate a cautious approach, as the company monitors project pipelines and supply chain dynamics for the second half of the fiscal year. This suggests a focus on sustainable operational improvements alongside revenue growth.

• Fujita Corporation resolved at its board meeting on September 16, 2026, to acquire shares of Ichikawa Bokujo Co., Ltd., an agricultural production corporation, making it a consolidated subsidiary.
• Through this acquisition, Fujita Corporation will hold 40.0% of Ichikawa Bokujo’s voting rights and secure a 99.4% economic interest by utilizing non-voting Class A preferred shares.
• The acquisition aims to expand agribusiness, strengthen the food supply chain as a Hokkaido-based company, address the succession crisis in Japan’s agriculture and dairy farming sectors, and build a sustainable dairy farming model.
• Ichikawa Bokujo, located in Bifuka-cho, Nakagawa-gun, Hokkaido, engages in dairy farming (raw milk production, fodder cultivation, dairy cattle rearing). Its sales revenue for the past three fiscal years ranged from 239,351 thousand yen (FY2024) to 263,090 thousand yen (FY2026).
• The acquisition cost is estimated at 139 million yen, comprising 113 million yen for target company shares and 26 million yen for advisory fees. The transaction is scheduled to be completed on September 30, 2026.

This acquisition is notable for its strategic use of non-voting shares to secure a substantial economic interest (99.4%) while adhering to agricultural land law requirements that limit voting rights for non-agricultural entities to less than half. This approach suggests a focus on maximizing financial returns and practical control within regulatory frameworks. Investors may see this as a structured move to strengthen Fujita Corporation’s agribusiness foundation and address regional agricultural challenges, potentially yielding long-term synergies.

• Ｇ－デジタルプラス released its TOP message video for the third quarter of the fiscal year ending September 2026 on September 16, 2026.
• In Q3 FY2026, Gross Merchandise Value (GMV) reached ¥3.5 billion monthly in June 2026, marking 25 consecutive quarters of growth.
• Full-year GMV is projected to exceed ¥30 billion, and gross profit increased by 266% year-over-year for the same quarter.
• The company achieved cumulative operating profit black ink in Q3, absorbing the impact of impairments recorded in Q2.
• The number of companies adopting digital gift shareholder benefits, targeting 500 companies and ¥100 billion GMV by FY2028, has surpassed 140.

The released video and disclosure highlight the company’s consistent GMV growth and the achievement of operating profit black ink, while also detailing strategic upfront investments and the approach to gross profit margin. The company addressed investor questions regarding the progress of its “Poi-katsu” (points-earning activities) and Hokkaido benefit projects, as well as future growth strategies and financial stability measures. This suggests a clear focus on achieving its medium-to-long-term targets.

• Tomoe Engineering announced its financial results for the third quarter of the fiscal year ending October 2026 (November 2025 – July 2026).
• Cumulative net sales for the third quarter increased to ¥46,805 million from ¥46,406 million in the prior year, marking a 0.9% year-on-year increase.
• Operating profit decreased to ¥4,713 million from ¥4,806 million, a 1.9% year-on-year decrease.
• Ordinary profit decreased to ¥4,841 million from ¥4,854 million, a 0.3% year-on-year decrease.
• Net profit increased to ¥3,524 million from ¥3,358 million, a 5.0% year-on-year increase, attributed to foreign exchange translation adjustment derecognition gains from the liquidation of a Chinese subsidiary and gains on the sale of policy-held shares.
• The Chemical Products Sales segment recorded a 1.8% increase in sales and a 3.8% increase in operating profit year-on-year.
• The Machinery Manufacturing and Sales segment saw a 1.8% decrease in sales and a 10.0% decrease in operating profit year-on-year.
• The full-year forecast for fiscal year 2026 remains unchanged, projecting record highs with net sales of ¥62,900 million, operating profit of ¥5,900 million, ordinary profit of ¥6,000 million, and net profit of ¥4,400 million.

• TKP Co., Ltd. (G-TKP) announced an absorption-type merger with its consolidated subsidiary, TKPSPV-1 Co., Ltd., effective November 1, 2026.
• G-TKP will be the surviving company, and TKPSPV-1 Co., Ltd. will be dissolved.
• The merger’s objective is to consolidate management resources and improve efficiency for TKPSPV-1’s business, which focuses on acquiring, constructing, and leasing hotel properties.
• The merger qualifies as a simplified merger for G-TKP and a short-form merger for TKPSPV-1, thus requiring no shareholder approval from either company.
• As TKPSPV-1 is a wholly-owned subsidiary of G-TKP, there will be no new share issuance, capital increase, or payment of merger consideration.
• G-TKP stated that the impact of this merger on its consolidated financial results is expected to be minor.

This merger, involving G-TKP absorbing a wholly-owned subsidiary, appears to be an internal reorganization aimed at streamlining operations within the group. The consolidation of management resources in the hotel real estate business may suggest an effort to enhance efficiency and potentially unlock future synergies. While the immediate impact on consolidated earnings is stated to be minor, it could be a strategic move to optimize the company’s business portfolio, making it worth monitoring for long-term implications.