Japan Stock IR Daily – September 18, 2026 (33 reports)

• Ohken Co., Ltd. (Code: 620A) listed on the Tokyo Stock Exchange TOKYO PRO Market on September 18, 2026.
• The company forecasts for the fiscal year ending December 2026 are: Net sales of ¥6,337 million (up 4.1% year-on-year), operating profit of ¥2,213 million (up 14.1% YoY), ordinary profit of ¥2,213 million (up 13.8% YoY), and net profit of ¥1,438 million (up 8.2% YoY).
• Segment-wise sales forecasts for FY2026 include Cloud Services at ¥2,782 million (up 25.7% YoY), On-premise Products and others at ¥1,715 million (down 19.5% YoY), and Maintenance Services at ¥1,839 million (up 5.5% YoY).
• For the interim period of FY2026 (January 1, 2026 – June 30, 2026), the company reported net sales of ¥2,929 million, operating profit of ¥854 million, ordinary profit of ¥850 million, and interim net profit of ¥696 million.
• A 1-for-10,000 stock split of common shares was implemented on May 18, 2026.

The listing on TOKYO PRO Market could potentially enhance Ohken’s capital raising capabilities and public profile. The robust growth projected for cloud services revenue suggests a successful shift in business strategy, aligning with the strong demand for DX investments. Conversely, the anticipated decline in on-premise product sales indicates a continued industry-wide transition towards cloud-based solutions, which may lead to an evolving revenue mix for the company in the future.

• Technocraft Inc. was listed on the Tokyo Stock Exchange Standard Market on September 18, 2026.
• The performance forecast for the fiscal year ending September 2026 (October 1, 2025 – September 30, 2026) includes net sales of ¥2,473 million (up 4.4% year-on-year), operating profit of ¥281 million (up 212.9% year-on-year), ordinary profit of ¥300 million (up 180.4% year-on-year), and net profit of ¥198 million (up 208.9% year-on-year).
• Results for the third quarter of FY2026 show net sales of ¥1,816 million, operating profit of ¥234 million, ordinary profit of ¥251 million, and net profit for the quarter of ¥169 million.
• Projected sales by major business segment are: Golf-related business ¥2,142 million (up 3.8% year-on-year), CommuNavi business ¥280 million (up 1.4% year-on-year), and Health monitoring business ¥50 million (up 66.9% year-on-year).
• The dividend per share is ¥0.00 for the FY2026 forecast, the FY2026 Q3 cumulative period actual, and the FY2025 actual.

The announced performance forecast on the listing day highlights significant increases in operating, ordinary, and net profits, which could suggest strong momentum in the company’s core businesses. This growth appears to be driven by DX acceleration in the golf-related segment, ICT utilization in the CommuNavi business, and the expanding social implementation of the new health monitoring service. Furthermore, ongoing efforts in cost optimization and profit structure improvement may also be contributing to the anticipated rise in profitability.

• Kagayaki Holdings Co., Ltd. listed on the Nagoya Stock Exchange Next Market on September 18, 2026.
• For the fiscal year ending June 2027 (July 1, 2026 – June 30, 2027), the consolidated performance forecast includes net sales of ¥2,188 million (up 9.1% YoY), operating profit of ¥258 million (up 18.0% YoY), ordinary profit of ¥235 million (up 11.3% YoY), and net profit attributable to owners of parent of ¥132 million (up 10.4% YoY).
• For the fiscal year ended June 2026 (actual), consolidated results were net sales of ¥2,006 million (down 0.1% YoY), operating profit of ¥219 million (down 23.4% YoY), ordinary profit of ¥211 million (down 23.1% YoY), and net profit attributable to owners of parent of ¥119 million (down 29.0% YoY).
• In the FY2027 forecast, the Consulting business projects net sales of ¥1,271 million (up 19.0% YoY), while the Human Resources Dispatch business forecasts net sales of ¥900 million (down 2.2% YoY).
• Diluted earnings per share are reported as ¥106.12 for FY2027 (forecast), ¥105.45 for FY2026 (actual), and ¥148.47 for FY2025 (actual).

Kagayaki HD’s listing on the Nagoya Stock Exchange Next Market may represent a new phase for the company’s growth. The forecasted consolidated performance for the fiscal year ending June 2027 suggests an increase in both revenue and profit, primarily driven by the expected growth in the consulting business. Conversely, a decline is anticipated in the human resources dispatch business, indicating a potential shift in business portfolio dynamics that investors may wish to monitor.

• akippa Inc. was listed on the Tokyo Stock Exchange Standard Market on September 18, 2026.
• For the fiscal year ending December 2026 (January 1, 2026 – December 31, 2026), the company forecasts net sales of ¥4,300 million (up 12.3% YoY), operating profit of ¥340 million (up 69.1% YoY), ordinary profit of ¥341 million (up 67.0% YoY), and net profit of ¥302 million (up 35.5% YoY).
• For the interim period of the fiscal year ending December 2026, the company reported net sales of ¥1,915 million, operating profit of ¥119 million, ordinary profit of ¥123 million, and interim net profit of ¥104 million.
• The dividend per share is ¥0.00 for FY2025 (actual), the interim period of FY2026 (actual), and FY2026 (forecast).
• The FY2026 earnings forecast is based on the business plan resolved at the Board of Directors meeting held on December 16, 2025.

The FY2026 earnings forecast, announced on the first day of listing, shows double-digit growth in sales and all profit figures year-on-year, indicating the company’s stance on business expansion. Given the digitalization lag in Japan’s parking market and alignment with Ministry of Land, Infrastructure, Transport and Tourism policies, the growth potential for “akippa” parking marketplace appears significant. The planned use of funds from the listing, expansion into drop-in and subscription services, and efforts to enhance efficiency with AI are key elements to monitor for future business development.

• Image Magic Co., Ltd. has decided to acquire a portion of Hasegawa Bigei Co., Ltd.’s outstanding shares and subsequently make it a wholly-owned subsidiary through a simplified share exchange.
• The share acquisition is scheduled for October 1, 2026, and the share exchange is expected to become effective on October 26, 2026.
• Hasegawa Bigei specializes in printing and secondary processing for clothing, possessing advanced processing technology, particularly in silk screen printing.
• Image Magic will acquire 220 out of 500 outstanding shares of Hasegawa Bigei through share acquisition and the remaining 280 shares through a share exchange.
• In the share exchange, 900 shares of Image Magic common stock will be allotted for every 1 share of Hasegawa Bigei stock, with a total of 252,000 shares (120,000 treasury shares and 132,000 newly issued shares) to be delivered.

This complete acquisition appears to be part of G-Image Magic’s strategy to promote “manufacturing DX.” The integration of Hasegawa Bigei’s advanced silk screen printing technology with Image Magic’s IT infrastructure could enhance production capacity and internalize high-value-added special printing technologies in the on-demand print market. This move could potentially optimize the supply chain and improve profitability.

• NZAM Listed TOPIX (Code: 2524) announced its financial results for the August 2026 fiscal period (February 16, 2026 to August 15, 2026).
• Net assets at the end of the current period totaled ¥421,744 million, an increase from ¥324,906 million at the end of the previous period.
• Major investment assets, primarily stocks, amounted to ¥416,179 million (98.7% of total assets), while cash, deposits, and other assets (net of liabilities) were ¥5,565 million (1.3%).
• The number of outstanding units increased from 83,371 thousand units at the end of the previous period to 98,275 thousand units (20,303 thousand units set, 5,399 thousand units exchanged).
• The net asset value per 100 units rose to ¥429,144 from ¥389,710 at the end of the previous period.
• A distribution of ¥39.4 per unit is scheduled to be paid.
• Total operating revenue was ¥40,681,806,569, and net income for the period was ¥40,502,457,663.

The financial results for NZAM Listed TOPIX for the August 2026 period indicate growth in net assets and outstanding units, alongside an increase in the net asset value per unit. These trends may suggest an expansion in the fund’s scale and positive operational performance. The increased distribution per unit compared to the previous period is also a notable point for investors.

• NZAM Listed Index Fund TOPIX REIT Index (Feb/May/Aug/Nov Settlement Type) (Code: 530A) announced its financial results for the August 2026 fiscal period (March 18, 2026 – August 15, 2026).
• Net assets at the end of the period (August 15, 2026) totaled ¥1,010 million (100.0% of total assets).
• The primary investment asset was investment certificates, amounting to ¥989 million (98.0% of total assets), while cash, deposits, and other assets (net of liabilities) were ¥20 million (2.0%).
• The number of units outstanding at the end of the period was 553 thousand units, and the net asset value per 100 units was ¥182,353.
• A distribution per unit of ¥28 was announced, with the distribution payment scheduled to begin on September 18, 2026.

NZAM J-REIT 2 is an ETF designed to track the TOPIX REIT Index, including dividends. This earnings report provides key metrics such as net assets, net asset value, and distribution per unit for the period, offering essential insights into the fund’s operational status. Investors may find it beneficial to analyze these figures in conjunction with broader trends in the J-REIT market to gain a comprehensive understanding of the fund’s performance.

• iShares Core Nikkei 225 ETF (iS225, ticker: 1329) announced its unaudited financial results for the fiscal period ending August 2026 (February 10, 2026, to August 9, 2026).
• Total net assets at the end of the current period reached ¥2,100,889 million, an increase from ¥1,675,942 million at the end of the previous period.
• The value of major investment assets, primarily stocks, increased from ¥1,671,074 million at the end of the previous period to ¥2,096,075 million at the end of the current period, representing 99.8% of net assets.
• Outstanding units at the end of the current period were 309,342 thousand units, up from 287,765 thousand units in the previous period.
• The net asset value per unit rose to ¥6,791.47 at the end of the current period, from ¥5,823.98 at the end of the previous period.
• Distribution per unit was ¥42.

The iS225 financial results for the August 2026 period show a notable increase in both total net assets and outstanding units. This trend could suggest a growing investor interest and capital inflow into the ETF, alongside an appreciation in its underlying asset values. The rise in net asset value per unit is consistent with the performance of its tracking index, the Nikkei Average Total Return Index, indicating the fund’s effective correlation with its benchmark. These factors combined may reflect positive market sentiment towards the fund’s investment strategy and the broader Japanese equity market.

• iShares MSCI Japan High Dividend Yield ETF (Code: 1478) released its financial results for the August 2026 period (February 10, 2026 – August 9, 2026) on September 18, 2026.
• As of the end of the current period (August 9, 2026), net assets totaled 152,505 million yen. Net assets were 175,424 million yen at the end of the previous period (February 9, 2026).
• The net asset value per unit at the end of the current period was 5,295.39 yen. It was 5,059.47 yen at the end of the previous period.
• The distribution per unit for the current period (August 2026) was announced as 88 yen. It was 58 yen for the previous period (February 2026).
• The number of outstanding units at the end of the current period was 28,799 thousand units. It was 34,672 thousand units at the end of the previous period.

For iShares MSCI Japan High Dividend ETF’s August 2026 financial results, while net assets decreased compared to the previous period, the net asset value per unit increased. The planned distribution per unit also rose period-over-period, which may be a key point for investors seeking high dividend yields. The reduction in outstanding units could indicate the impact of exchange activities in the market.

• Fund Name: iShares S&P 500 ex-Financials ETF (Hedged JPY)
• Reporting Period: January 26, 2026, to August 9, 2026.
• Net assets at the end of the period totaled JPY 13,303 million.
• Major investment assets were JPY 13,113 million (98.6% of total) in equities and investment certificates, with cash, deposits, and other assets at JPY 189 million (1.4%).
• Outstanding units at period-end were 23,998 thousand units, with a net asset value per unit of JPY 554.344.
• Distribution per 10 units was JPY 16.
• Total operating revenue for the period was JPY 1,233,884,212, and net income for the period was JPY 1,223,665,694.

This marks the first financial report for the iShares S&P 500 ex-Financials ETF (Hedged JPY) since its inception on January 26, 2026, providing an initial look at its operational performance. The significant concentration of assets in equities and investment certificates suggests a strong alignment with its objective of tracking the S&P 500 ex-Financials Index (after-tax dividend, TTM, JPY-denominated, JPY-hedged). The announced distribution and NAV per unit will likely be key figures for investors to monitor as they evaluate the fund’s future performance.

• COSEL announced its consolidated financial results for the first quarter of the fiscal year ending May 2027 (May 21, 2026 to August 20, 2026).
• Consolidated net sales reached ¥7,814 million, marking a 54.0% increase compared to the same period of the previous year.
• The company returned to profitability with operating income of ¥545 million (compared to an operating loss of ¥389 million in the prior year), ordinary income of ¥580 million (compared to an ordinary loss of ¥79 million), and net income attributable to owners of parent of ¥661 million (compared to a net loss of ¥68 million).
• Order intake increased by 154.9% year-on-year to ¥13,001 million.
• The consolidated full-year forecast for May 2027 has been revised upward, with net sales projected at ¥31,800 million (up 27.2% from the previous forecast of ¥25,000 million), operating income at ¥2,300 million (up 360.0% from ¥500 million), ordinary income at ¥2,400 million (up 380.0% from ¥500 million), and net income attributable to owners of parent at ¥2,600 million (up 550.0% from ¥400 million).

The first-quarter results show significant improvements in both sales and profits, with a notable increase in order intake that may indicate future sales growth. While the Japan Production and Sales Business and North American Sales Business reported substantial increases in both sales and segment profit, the European Production and Sales Business experienced a slight decrease in sales and recorded a segment loss. The significant upward revision of the full-year forecast could reflect the current strong performance and responsiveness to specific market conditions, such as AI-related demand.

• G-Digitalift announced changes to its shareholder benefit program, resolved by the Board of Directors on September 18, 2026.
• The frequency of benefit distribution will change from once a year (record date September 30) to twice a year (record dates March 31 and September 30).
• The total annual value of benefits remains unchanged, offering digital gifts worth JPY 12,000 (for 300 to under 500 shares) or JPY 24,000 (for 500 shares or more) annually.
• A new continuous ownership requirement of “300 shares or more held for at least six months” has been introduced.
• The revised program will be effective starting from the shareholder benefits based on the March 31, 2027 record date.
• Continuous ownership is defined as having 300 shares or more recorded under the same shareholder number on the shareholder registry for at least two consecutive periods as of March 31 and September 30 each year.

This adjustment, while maintaining the annual total value, could be seen as an effort to increase shareholder engagement by providing benefits more frequently. The introduction of a continuous ownership requirement suggests a strategic focus on encouraging long-term investment and building a stable shareholder base. This move may aim to reduce short-term trading and foster sustained shareholder relationships.

• Ichimasa Kamaboko Co., Ltd. announced a correction to a part of its “Consolidated Financial Results for the Fiscal Year Ending June 2026” originally disclosed on August 7, 2026.
• The reason for the correction was the discovery of errors in the previously stated content.
• In the corrected summary of consolidated financial results, the comprehensive income for the fiscal year ending June 2026 was revised from 322 million yen (△43.0%) to 371 million yen (△34.3%).
• Within the consolidated statements of comprehensive income, for the current consolidated fiscal year (July 1, 2025, to June 30, 2026), “valuation difference on available-for-sale securities” was corrected from 6,619 thousand yen to 56,138 thousand yen, leading to a revision in “total other comprehensive income” from 20,935 thousand yen to 70,454 thousand yen.
• In the consolidated statements of cash flows, the figures for “increase (decrease) in allowance for directors’ bonuses” and “increase (decrease) in allowance for directors’ share-based compensation” were interchanged for the current consolidated fiscal year. Specifically, directors’ bonuses allowance was corrected from 17,928 thousand yen to △6,696 thousand yen, and directors’ share-based compensation allowance from △6,696 thousand yen to 17,928 thousand yen.
• In the segment information, the intersegment transaction elimination included in the adjustment amount of segment assets for the current consolidated fiscal year was revised from 620,884 thousand yen to 627,014 thousand yen.

This correction primarily impacts the comprehensive income figures and specific line items within the consolidated statements of comprehensive income. The revision in “valuation difference on available-for-sale securities” appears to have contributed to the increase in comprehensive income. The interchanged figures for directors’ bonus and share-based compensation allowances in the cash flow statement could indicate a clerical error in reporting between these two items. These corrections are focused on ensuring the accuracy of financial statements and do not affect the reported net income.

• Nihon M&A Center Holdings Co., Ltd. has decided to acquire shares of AI Brain Partners Inc. (AIBP) and make it a wholly owned subsidiary through a simplified stock exchange.
• The transaction will be executed in two stages: first acquiring 670 of AIBP’s 1,000 outstanding shares to make it a consolidated subsidiary, followed by a stock exchange for the remaining 330 shares.
• 250,000 shares of Nihon M&A Center’s common stock will be delivered to AIBP shareholders for the stock exchange, all from treasury stock, ensuring no dilution of existing shares.
• AIBP, established in September 2025, operates four businesses: AI/BPO and product development support, company-wide AI transformation support, AI advisory/executive coaching, and AI training.
• For its first fiscal year ended August 2026, AIBP reported sales of 124 million yen, operating income of 40 million yen, ordinary income of 40 million yen, and net income of 26 million yen.

This acquisition suggests Nihon M&A Center’s strategic focus on enhancing productivity within its M&A advisory business and expanding AI implementation support for its clients. Integrating AI Brain Partners’ expertise and execution capabilities could accelerate data utilization and establish a robust foundation for AI talent acquisition and development. This move may indicate a proactive effort to strengthen core business competitiveness and broaden value offerings.

• Mitsuchi Co., Ltd. announced corrections to its “Consolidated Financial Results for the Fiscal Year Ended June 30, 2026 [Japanese GAAP]” due to identified errors.
• The corrections address inaccuracies in “Overview of Business Results (1) Overview of Current Period Business Results,” “Consolidated Balance Sheet,” and “Notes to Consolidated Financial Statements (Segment Information, etc.).”
• The establishment month of the Indian subsidiary in the “Overview of Current Period Business Results” section was corrected from “June 2025” to “May 2025.”
• In the “Consolidated Balance Sheet” for the current consolidated fiscal year (June 30, 2026), while the net amount of machinery, equipment, and vehicles remains unchanged, the breakdown values for machinery, equipment, and vehicles, and accumulated depreciation were revised. Similarly, values for lease assets and their accumulated depreciation, as well as “Other (net amount),” were also corrected.
• Under “Segment Information, etc.,” the segment assets for “Japan” in the current consolidated fiscal year were revised from 11,168,635 thousand yen to 11,660,990 thousand yen, leading to a correction in the “Total of Reporting Segments” assets from 18,507,304 thousand yen to 18,999,659 thousand yen. Furthermore, the “Intersegment elimination” for assets was revised from △2,873,851 thousand yen to △3,366,206 thousand yen, with no change to the consolidated total assets.

These corrections primarily involve rectifying numerical errors in the financial disclosure, notably without altering the overall consolidated total assets or operating income. The adjustment to the Indian subsidiary’s establishment month clarifies a factual detail. The revisions in segment assets and intersegment eliminations, while significant internally, ultimately balance out to maintain the previously reported consolidated figures, suggesting a focus on internal consistency rather than a material change to the company’s overall financial position.

• LaSalle Logiport REIT (Code: 3466) has revised upward its forecast for the operational performance and distributions for the fiscal period ending February 2027 (September 1, 2026 to February 28, 2027).
• The forecast for distribution per unit (including excess distribution) increased by ¥1,072 (+33.4%), from the previously announced ¥3,210 to the newly announced ¥4,282.
• Operating revenue is now projected at ¥13,204 million, an increase of ¥2,128 million (+19.2%) from the previous forecast of ¥11,076 million.
• Net income for the period is forecast at ¥6,422 million, an increase of ¥1,520 million (+31.0%) from the previous forecast of ¥4,902 million.
• The primary reasons for this revision are changes in the underlying assumptions due to the “Notice Concerning the Transfer of Domestic Real Estate Trust Beneficiary Rights” and the “Notice Concerning the Decision on Matters Related to the Acquisition and Cancellation of Own Investment Units,” both announced today.

This upward revision in distribution forecasts appears to be primarily driven by gains from asset transfers and the impact of changes in investment unit count due to the acquisition and cancellation of own investment units. For investors, this highlights how active portfolio management and capital policy can directly influence short-term distribution levels. It may be worth monitoring how these strategic actions contribute to overall investor returns.

• Satsudora Holdings announced its consolidated financial results for the first quarter of FY2027 (May 16, 2026 – August 15, 2026).
• Net sales amounted to ¥25,240 million, marking a 0.9% decrease compared to the same period in the previous year.
• The company reported an operating loss of ¥157 million (compared to an operating income of ¥163 million in the prior year’s first quarter).
• Ordinary loss was ¥176 million (compared to an ordinary income of ¥153 million in the prior year’s first quarter).
• Net loss attributable to owners of the parent company was ¥202 million (compared to a net income of ¥67 million in the prior year’s first quarter).
• No consolidated earnings forecast for FY2027 is provided due to the planned delisting of the company’s shares following an MBO and tender offer.

Satsudora Holdings’ Q1 FY2027 results show a slight decline in net sales and a shift to losses across all profit metrics. This performance may suggest the impact of intensified competition within the drugstore industry, rising consumer caution due to inflation, and unfavorable weather conditions affecting summer product sales. The absence of a full-year forecast, linked to the planned MBO and delisting, indicates a transition period for the company’s structure and operations.

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

• G-coly announced a change in the service start date for the new title “Disney Sparkling Stars” to November 2026 during the Q2 FY2027 earnings briefing.
• “Disney Sparkling Stars” exceeded 500,000 pre-registrations by the end of August, and a POP UP STORE was held prior to its service launch.
• “Break My Case” achieved its highest single-month sales due to successful 2nd-anniversary promotions.
• Existing IPs like “Mahoutsukai no Yakusoku” surpassed 8 million downloads, and “Stand My Heroes” held pre-anniversary events for its 10th anniversary, maintaining profitable operations for the existing game business.
• Media business sales increased by 15.1% year-on-year to 1.59 billion JPY. Game business sales were 1.786 billion JPY, resulting in a slight decrease in total net sales year-on-year.

The delay in the new title’s release may indicate a strategic focus on enhancing development quality. Conversely, the strong performance of existing IPs and growth in the media business could contribute to diversifying revenue streams. The sustained strong performance of core titles will be worth monitoring as a potential driver for future earnings.

• Institution for a Global Society, Inc. (G-IGS) announced its transition from consolidated to non-consolidated financial statements following the liquidation of its specific subsidiary, ONGAESHI Anonymous Partnership.
• The liquidation of ONGAESHI Anonymous Partnership is a result of the liquidation of an overseas investee company, leading to G-IGS no longer having consolidated subsidiaries.
• This transition to non-consolidated financial reporting will take effect from the second quarter of the fiscal year ending March 2027.
• ONGAESHI Anonymous Partnership was established on June 14, 2024, with G-IGS holding a 75% stake (76 million JPY) in the partnership.
• G-IGS has fully impaired the investment securities held by this anonymous partnership in the fiscal year ending March 2026, and the impact on the financial results for the fiscal year ending March 2027 is expected to be minor.

This announcement indicates a significant change in G-IGS’s financial reporting structure, moving from consolidated to non-consolidated statements. Investors may need to re-evaluate their analytical approach given this shift in the scope of financial reporting. The liquidation of the anonymous partnership and its overseas investee suggests adjustments in the company’s international business strategy, which could be worth monitoring for insights into future directions.

• Just Planning Co., Ltd. announced its consolidated financial results for the second quarter of the fiscal year ending January 2027 (February 1, 2026 – July 31, 2026).
• For the six months ended July 31, 2026, consolidated net sales were JPY 1,281.2 million (up 2.7% year-on-year), operating profit was JPY 297.7 million (down 4.1%), ordinary profit was JPY 305.8 million (down 2.5%), and profit attributable to owners of parent was JPY 209.6 million (down 1.2%).
• By segment, the ASP business recorded sales of JPY 618.3 million (up 4.3% year-on-year), and the System Solution business recorded sales of JPY 495.8 million (up 1.3%).
• In terms of segment profit, the ASP business generated JPY 474.1 million (up 5.6% year-on-year), accounting for 73% of the total segment profit, establishing it as the core business.
• The number of contracted stores for the “Makasete Series” reached 6,787 as of July 2026, representing a 100.5% increase compared to January 2026, with a target of 7,100 stores for the fiscal year ending January 2027.

Just Planning’s Q2 FY2027 results show revenue growth year-over-year, while profits decreased. The ASP business appears to be a critical driver for both sales and profit growth, underscoring its central role in the company’s revenue base. The company’s future strategy, focusing on expanding services to existing customers and venturing into AI-powered management support, may be worth monitoring for long-term revenue growth.

• Nikato announced on September 18, 2026, revisions to its individual performance forecasts for the second quarter (cumulative) and full year of the fiscal year ending March 2027.
• For the second quarter (cumulative), net sales are revised from ¥5,500 million to ¥6,500 million, operating profit from ¥600 million to ¥820 million, ordinary profit from ¥630 million to ¥860 million, and quarterly net profit from ¥440 million to ¥600 million.
• For the full year, net sales are revised from ¥11,000 million to ¥12,000 million, operating profit from ¥1,100 million to ¥1,220 million, ordinary profit from ¥1,150 million to ¥1,290 million, and annual net profit from ¥800 million to ¥900 million.
• The annual dividend forecast has also been revised, with the interim dividend for the fiscal year ending March 2027 raised from ¥11.00 to ¥15.00, resulting in an annual total increase from ¥23.00 to ¥27.00. The year-end dividend remains unchanged at ¥12.00.
• The company attributes the revisions to strong orders driven by the buoyant electronic components industry. However, it also noted uncertainties for the second half due to factors such as rising raw material prices from Middle East geopolitical instability and rare earth export restrictions stemming from deteriorating Japan-China relations.

Nikato’s upward revision of its earnings forecasts appears to be primarily driven by robust performance in the electronic components industry, a key area for the company. The significant increase in various profit metrics for Q2, exceeding 36% from the previous forecast, may suggest strong operational execution. While the increased annual dividend indicates a commitment to shareholder returns, the unchanged year-end dividend could reflect the company’s cautious stance regarding the uncertain impact of raw material price hikes and geopolitical risks on the second half, which is worth monitoring.

• G-SQUEEZE resolved to enter into a capital and business alliance agreement with HULIC Co., Ltd. in the hotel and tourism sector, effective September 18, 2026, as decided by its Board of Directors meeting on the same date.
• The business alliance aims to promote three key initiatives: enhancing hotel operations DX (combining G-SQUEEZE’s “suitebook” and remote operation system with HULIC’s operational expertise and industry network), expanding collaboration (including operational BPO and new asset planning/development), and fostering real estate collaboration (joint hotel development utilizing HULIC’s owned and developed properties).
• Under the capital alliance, HULIC is scheduled to acquire an additional 163,100 shares (5.0% of the total outstanding shares) of G-SQUEEZE from existing shareholders.
• Following this acquisition, HULIC’s stake in G-SQUEEZE is projected to be 6.97%.
• G-SQUEEZE announced that this capital and business alliance will have a minor impact on its current fiscal year’s performance.

This alliance appears to leverage G-SQUEEZE’s digital transformation expertise in hotel operations and HULIC’s real estate development and hotel management infrastructure, aiming to create new business opportunities in the hotel and tourism sector. HULIC’s additional acquisition of G-SQUEEZE’s existing shares could indicate a deepened commitment to their collaboration. Investors may wish to monitor the progress of their joint initiatives and the potential long-term business developments stemming from this alliance.

• Nomura Sangyo Co., Ltd. revised its full-year earnings forecast upwards following strong performance in the third quarter of the fiscal year ending October 2026.
• The upward revision was primarily driven by steady sales of packaging machinery and progress in passing on raw material price increases to sales prices within the packaging-related business.
• The acquisition of Towagravure Printing Co., Ltd. aims to strengthen in-house manufacturing capabilities for packaging materials, enhance coordination in quality, delivery, and cost, and expand the Group’s proposal areas.
• The divestiture of Packwell Co., Ltd. is intended to concentrate the Group’s management resources on its core packaging-related business to enhance overall corporate value.
• The impact of the Packwell divestiture has been incorporated into the consolidated full-year earnings forecast announced on September 11, 2026, with Q4 earnings from Packwell excluded, yet the full-year forecast is expected to exceed the initial projection due to the robust performance of the packaging-related business.

Nomura Sangyo’s supplementary Q3 financial materials provide clear insights into the factors underpinning its upward revision of full-year earnings forecasts. The sustained strength in packaging machinery sales and the successful implementation of price pass-throughs for packaging materials appear to be key drivers, potentially validating the company’s “one-stop solution” strategy. Furthermore, the strategic moves to acquire Towagravure Printing and divest Packwell suggest a focus on optimizing the business portfolio and concentrating resources on core competencies.

• WA Inc. reported consolidated results for the second quarter of the fiscal year ending January 2027 (February 1, 2026 – July 31, 2026), with net sales of ¥11.08 billion (down 5.7% year-on-year), operating profit of ¥4 million (down 99.4%), ordinary profit of ¥189 million (down 76.2%), and net profit for the period of ¥43 million (down 91.1%).
• Sales achieved a progress rate of 44.9% against the full-year target of ¥24.661 billion, while operating profit achieved a progress rate of 0.3% against the full-year target of ¥1.504 billion.
• As a strategy for the second half, the company announced its first entry into the men’s business shoe market with the brand “WA!KARU,” jointly developed with Regal Corporation, scheduled to be released sequentially from October 2026.
• Shareholder benefits have been expanded to include men’s business shoes and Himiko bags as eligible items. Additionally, from the record date of July 31, 2027, a continuous holding requirement (6 months or more) will be newly established, and the eligibility criteria for large shareholder benefits (from 600 shares to 1,000 shares or more) and the maximum price of eligible products (from ¥40,000 to ¥50,000) will be revised.
• In the breakdown of WA Inc.’s non-consolidated sales by sales channel, online sales increased by 11.0% year-on-year, while store sales decreased by 12.6% and BtoB sales decreased by 13.5%.

While the company reported a decrease in revenue and profit for the first half, its strategic moves, such as entering the men’s business shoe market and expanding shareholder benefits for the second half, are noteworthy. The robust growth in online sales contrasted with the decline in store sales highlights evolving channel dynamics that could influence future sales strategies. The progress of the second-half strategies will be a key factor in achieving the full-year earnings forecast.

• Aizawa Securities Group’s Board of Directors resolved on September 18, 2026, the interim dividend plan for the fiscal year ending March 2027.
• The planned interim dividend for FY2027 is ¥48 per share, consisting of ¥13 for ordinary dividend and ¥35 for special dividend.
• The formal decision on the interim dividend is scheduled to be made at a Board of Directors meeting in late October 2026.
• The company has announced a shareholder return policy to implement a total of ¥20 billion or more in shareholder returns, through dividends (ordinary and special) and share buybacks, from FY2025 to FY2028.
• Regarding special dividends, the company’s policy is to implement an annual special dividend of ¥70 per share from FY2025 to FY2028.

This announcement appears to reaffirm Aizawa Securities Group’s previously stated shareholder return policy, particularly its intention to continue special dividends through FY2028. The planned interim dividend amount could be seen as a concrete demonstration of the company’s commitment to stable shareholder returns. For investors, this information may be relevant for assessing the progress of the company’s mid-term shareholder return plan.

• Advance Create Co., Ltd. announced its Q3 FY2026 consolidated financial results for the period from October 1, 2025, to June 30, 2026.
• Consolidated net sales were ¥4,855 million, representing a 0.4% increase compared to the same quarter of the previous fiscal year.
• Consolidated operating loss was ¥271 million, an improvement from the ¥699 million loss reported in the prior year’s same quarter.
• Consolidated ordinary loss was ¥340 million, also an improvement from the ¥859 million loss in the prior year’s same quarter.
• Net loss attributable to owners of the parent company was ¥768 million.
• The full-year consolidated earnings forecast has been revised, anticipating net sales of ¥7,154 million (+3.4% YoY), operating profit of ¥423 million, ordinary profit of ¥319 million, and a net loss attributable to owners of the parent company of ¥391 million.
• The total number of issued shares (including treasury shares) at the end of the quarter was 37,468,200 shares, and the average number of shares outstanding during the quarter was 74,627,006 shares.

Advance Create’s Q3 FY2026 results show a marginal increase in net sales year-over-year, while operating and ordinary profits remain in a loss position. However, the magnitude of these losses has significantly improved compared to the prior year, which could be interpreted as a positive trend in underlying operations. The revised full-year forecast indicating a projected net loss for the fiscal year suggests that the company’s path to profitability is an area for investors to monitor closely.

• R-Ichigo Office announced an upward revision to its operating performance and distribution forecast for the October 2026 fiscal period.
• The revised distribution per unit is ¥7,293, an increase of ¥1,610 (+28.3%) from the previous forecast of ¥5,683.
• The primary reason for the revision is the expected recording of approximately ¥2,501 million in transfer gains for the October 2026 period, following the transfer of three properties: Ichigo Shibuya Bunkamura-dori Building, Ichigo Kamata Building, and Ichigo Sagamihara Building, announced on September 18, 2026.
• Operating revenue was revised up from ¥14,201 million to ¥16,622 million (+17.0%), and net income was revised up from ¥8,677 million to ¥11,022 million (+27.0%).
• The forecasted number of outstanding investment units at the end of the period will be 1,511,926 units, reflecting the cancellation of 15,777 treasury investment units, down from the previous forecast of 1,527,703 units.

This significant upward revision in distribution per unit appears driven by the realization of substantial gains from the sale of three properties. The reduction in outstanding investment units due to treasury unit cancellation also contributes to the increase in distribution per unit. Investors may observe that one-off property sale profits are impacting the REIT’s short-term profitability and shareholder returns.

• Rokko Butter anticipates ongoing impacts from high raw material costs, particularly packaging, and yen depreciation, having implemented price revisions for some products like cheese desserts in September. Further price adjustments are being considered depending on future market and exchange rate trends.
• Mitsuya GR’s Sennarido headquarters factory in Mashiki-machi, Kumamoto Prefecture, a consolidated subsidiary, temporarily halted operations due to the July Kumamoto earthquake but resumed production in mid-August. Damages from the earthquake were reported at approximately 10 million yen.
• Regarding the utilization of treasury stock, the company is exploring various options including market release for funding initiatives, use in stock compensation schemes, and cancellation, with no conclusion reached at present.
• In terms of segment-wise profit performance, the nut business showed a larger decline against plan compared to the cheese business. This was attributed to a higher proportion of private label products leading to delayed price pass-through, and insufficient pricing negotiation power for packaging procurement within Mitsuya GR.

Rokko Butter’s Q&A session highlights persistent challenges from rising raw material costs and yen depreciation, indicating that further price revisions may be necessary for the company. While the limited damage to the subsidiary’s factory from the earthquake is a positive note, the delay in price pass-through for the nut business segment is an area that investors may want to monitor. The un결정 status of treasury stock utilization also suggests that future announcements could provide more clarity on capital management strategies.

• Amova Asset Management announced the financial results for the Listed Index Fund Australian Government Bond (Currency Hedge) (Code: 2843) for the fiscal year ended August 2026 (February 11, 2026 – August 10, 2026).
• Net assets for the current period amounted to JPY 5,592 million, a decrease from JPY 5,947 million in the previous period (FY ended February 2026).
• The Net Asset Value per 1 unit was JPY 3,691.7, which is a decline from JPY 3,769.4 in the previous period.
• The dividend per 1 unit was JPY 34, a decrease from JPY 35 in the previous period.
• The number of issued units at the end of the current period was 1,514 thousand units, down from 1,577 thousand units at the end of the previous period.

This earnings report indicates a decrease in total net assets and net asset value per unit, which may draw investor attention to the fund’s size and asset valuation changes. The slight reduction in dividend per unit is also notable for investors who rely on regular distributions, suggesting that future trends will be worth monitoring. The fact that redemptions exceeded creations during the period could also be considered a contributing factor to the decline in net assets.

• Atmark Techno Co., Ltd. announced on September 18, 2026, a correction to a portion of its “Non-consolidated Financial Results for the Fiscal Year Ended July 2026 [Japanese GAAP]” initially disclosed on September 14, 2026.
• The reason for the correction was the discovery of errors in parts of the Non-consolidated Income Statement, Statement of Changes in Shareholders’ Equity, and Cash Flow Statement after their initial release.
• In the Income Statement for the previous fiscal year (August 1, 2024 – July 31, 2025), “Total income taxes” was corrected from ¥37,860 thousand to ¥12,790 thousand. The “Net income” remained unchanged at ¥37,860 thousand.
• In the Statement of Changes in Shareholders’ Equity for the current fiscal year (August 1, 2025 – July 31, 2026), the beginning balance of “Total retained earnings” and “Retained earnings brought forward” was corrected from △¥87,203 thousand to △¥87,023 thousand.
• In the Cash Flow Statement for the current fiscal year (August 1, 2025 – July 31, 2026), “Receipts of subsidies” within “Cash flows from operating activities” was corrected from ¥800 thousand to △¥800 thousand, and “Increase/decrease in inventories (△ indicates increase)” was corrected from △¥97,281 thousand to △¥97,218 thousand.

• On September 18, 2026, Kanematsu Corporation announced that its consolidated subsidiary, Kanematsu Electronics Co., Ltd., signed a stock transfer agreement to acquire all shares of BCJ-61 Co., Ltd.
• This acquisition is expected to make IDAJ Co., Ltd., and its subsidiaries consolidated subsidiaries of Kanematsu.
• The acquisition aims to expand the Kanematsu Group’s IT solution offerings for manufacturing and semiconductor clients to include upstream processes such as design, development, and analysis, creating an integrated support system from design to manufacturing.
• IDAJ possesses advanced technical capabilities, specialized personnel, a broad software portfolio, and a strong customer base in the MBD/CAE (Model-Based Development/Computer-AAided Engineering) domain. It provides software sales, maintenance, technical support, contract analysis, and consulting.
• This acquisition is positioned as part of Kanematsu’s efforts to evolve into a “Solution Provider,” as outlined in its mid-term management plan “integration 1.1.”

This acquisition appears to be a strategic move for Kanematsu to advance its “Solution Provider” transformation, as outlined in its mid-term management plan. By integrating IDAJ’s MBD/CAE expertise, Kanematsu aims to enhance its value proposition to clients and expand its business domain within the growing manufacturing DX market. The potential synergies between IDAJ’s technology and Kanematsu Group’s existing operations could serve as a significant growth driver going forward.

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

• G-Social Wire announced supplementary explanations regarding its dividend-type shareholder special benefit program, initially disclosed on May 15, 2026.
• The condition for “continuous holding for 6 months or more” is defined as being continuously listed or recorded on the shareholder registry at the record date (March 31 each year) and the immediately preceding September 30, with the same shareholder number and holding 200 shares or more.
• To be eligible for the initial benefit (based on the March 31, 2027 record date), inclusion in the shareholder registry as of September 30, 2026, is required; the ex-dividend date for this is Monday, September 28, 2026.
• The distribution amount per eligible shareholder will be determined by the formula: “Total Shareholder Return (approx. 15,000 thousand yen) ÷ Number of Eligible Shareholders at the Record Date,” with no differentiation based on the number of shares held.
• The previously disclosed estimate of “approximately 1,300 eligible shareholders, roughly 11,300 yen equivalent per shareholder” (May 15, 2026) was a trial calculation based on the shareholder registry as of March 31, 2026, and does not guarantee the actual distribution amount.

This supplementary explanation appears to address numerous inquiries from investors regarding the specific application conditions of the shareholder benefit program, particularly clarifying the method for determining continuous holding and the schedule for initial benefit eligibility. Given the nature of a dividend-type benefit, where the per-shareholder distribution amount fluctuates based on the number of eligible shareholders, investors may want to monitor changes in the number of eligible shareholders.

• Taiyo Bussan Co., Ltd. released its Q3 FY2026 financial results presentation materials on September 18, 2026.
• For the cumulative period of Q3 FY2026, net sales amounted to ¥14,911 million, representing a 106.1% increase compared to the same period last year.
• Gross profit was ¥572 million, showing a 100.1% increase year-on-year.
• Operating profit increased to ¥223 million, an increase of 116.4% year-on-year.
• By segment, the Food Division saw increased sales, particularly in new sales of imported chicken and Thai processed foods, as well as high-margin products. In contrast, the Lifestyle Industry Division, China Development Division, and Agricultural Products Division experienced decreases in sales.
• Progress rates against the full-year forecast are 59.5% for net sales, 73.5% for gross profit, and 77.0% for operating profit.