Japan Stock IR Daily – September 30, 2026 (55 reports)

• SBI Global Asset Management Co., Ltd. (SBIGAM) and SBI Insurance Group Co., Ltd. (SBIIG) signed a basic agreement on September 30, 2026, for a business integration through an absorption-type merger.
• SBIGAM will be the surviving company, and SBIIG will be the absorbed company in this merger.
• The effective date of the merger is scheduled for April 1, 2027 (Thursday), with SBIIG expected to be delisted on March 30, 2027 (Tuesday).
• The objectives of this business integration include the full realization of “investment-driven insurance products,” the return of investment profits and operational efficiency gains to insurance policyholders and beneficiaries, and contribution to a market where insurance products can be properly compared.
• The integration is conditional upon the execution of a definitive agreement, approval by extraordinary general meetings of shareholders of both companies, and necessary regulatory approvals.

This business integration represents a strategic move by the SBI Group to integrate asset management and insurance businesses, aiming to adapt to structural changes in the financial market and contribute to Japan’s “asset management nation” initiative. The focus on strengthening asset management capabilities and standardizing AI and system infrastructure could lead to cost reductions and enhanced customer value. Furthermore, the commitment to disclose insurance product cost structures may contribute to increased transparency across the insurance industry.

• SBI Global Asset Management Co., Ltd. (SBIGAM) and SBI Insurance Group Co., Ltd. (SBIIG) signed a basic agreement on September 30, 2026, for a business integration through absorption-type merger.
• SBIGAM will be the surviving company, and SBIIG will be the absorbed company in this merger.
• The effective date of the merger is scheduled for April 1, 2027. SBIIG is expected to be delisted from the Tokyo Stock Exchange on March 30, 2027.
• Five key objectives for the integration include: integrated asset-liability management, investment-driven product design, business restructuring through AI, enhancing market transparency for insurance product comparison, and thorough fiduciary duty.
• The execution of this business integration is conditional upon the conclusion of a legally binding definitive agreement, approval by extraordinary general meetings of shareholders of both companies by the effective date, and obtaining necessary regulatory approvals.

This business integration represents a strategic move by the SBI Group to foster its asset management and insurance businesses as a “third pillar” alongside its securities and banking operations. The initiative appears aimed at enhancing the synergy between asset management capabilities and insurance product design, streamlining operations through a unified AI and system platform, and improving market transparency by disclosing insurance product cost structures. The progression towards the definitive agreement, shareholder approvals, and regulatory clearances will be worth monitoring.

• Aso International Inc. announced on September 30, 2026, a partial correction to its “Consolidated Financial Results for the Fiscal Year Ended June 30, 2026 [Japanese GAAP]”.
• The correction was made due to errors identified in the disclosed content of the financial results released on August 7, 2026, during the process of preparing securities reports.
• In the consolidated cash flow statement for the current consolidated fiscal year (from July 1, 2025, to June 30, 2026), “Foreign exchange gain/loss (△ indicates gain)” was corrected from ¥25,239 thousand to ¥483 thousand.
• “Changes in accrued income taxes (excluding pro forma standard taxation) (△ indicates decrease)” for the same fiscal year was corrected from ¥18,071 thousand to ¥2,833 thousand.
• Additionally, the “Other” item for the current consolidated fiscal year was corrected from △¥87,909 thousand to △¥47,915 thousand.
• Despite these corrections, the subtotal of “Cash flows from operating activities” remained unchanged at ¥633,900 thousand for the previous consolidated fiscal year and ¥618,141 thousand for the current consolidated fiscal year.

This correction stems from errors discovered during the preparation of securities filings, leading to numerical adjustments in several items within the consolidated cash flow statement. While significant changes were made to “foreign exchange gain/loss” and “accrued income taxes,” the fact that the total cash flows from operating activities remains unchanged suggests that the overall cash flow picture is not materially altered. Investors may want to monitor how these individual item corrections could influence perceptions of the reliability of future disclosures.

• IKUYO Co., Ltd. announced the results of its “Shareholder Benefit Program through Lottery System (Bitcoin-Utilizing Model)” on September 30, 2026.
• The program targeted shareholders holding 500 or more shares continuously from March 31, 2026, to June 30, 2026.
• A total of 0.61761634 BTC was distributed to 493 shareholders. The reference price for BTC was JPY 12,677,706 as of 23:59:59 on September 28, 2026, based on Coin Estate’s selling price.
• The distribution took place around 12:00 on September 30, 2026.
• The shareholder numbers of the 10 winners who received the JPY 100,000 equivalent in Bitcoin were disclosed.

• SBI Holdings announced the signing of a basic agreement for a management integration through an absorption-type merger between its consolidated subsidiaries, SBI Global Asset Management Co., Ltd. (SBIGAM) and SBI Insurance Group Co., Ltd. (SBIIG).
• Under this management integration, SBIGAM will be the surviving company and SBIIG will be the absorbed company.
• The effective date of this merger is scheduled for April 1, 2027.
• SBI Holdings states that the impact of this merger on its consolidated performance is considered minor.
• The objective of this integration is to contribute to the realization of “Japan as an asset-management nation” and enhance transparency and trust in the insurance industry by integrating asset management and insurance, thereby establishing a “third pillar” for the SBI Group following securities and banking.

This announcement suggests SBI Group’s strategic intent to strengthen its “third pillar” centered on asset management and insurance businesses. In the context of a shift from savings to investment in Japanese household financial assets, the integration aims to create new value by combining these two segments. Further details on the integration plan and potential synergy effects will be worth monitoring.

• Okaya & Co. reported consolidated net sales of ¥626,217 million for the second quarter of the fiscal year ending February 2027, representing a 9.7% increase compared to the prior interim period.
• Operating profit reached ¥23,490 million (up 10.2%), ordinary profit ¥27,297 million (up 11.7%), and net profit attributable to parent company shareholders ¥19,060 million (up 17.2%).
• Consolidated total assets at the end of the interim period were ¥1,008,223 million (up ¥7,059 million from the previous fiscal year-end), and net assets were ¥523,487 million (up ¥5,807 million).
• The consolidated full-year forecast for FY February 2027 was revised, projecting net sales of ¥1,200,000 million (up 3.8% year-on-year) and net profit attributable to parent company shareholders of ¥32,000 million (up 4.9%).
• The annual dividend forecast was also revised, with an interim dividend of ¥45.00 and a year-end dividend of ¥90.00 (total, reflecting the stock split).

Okaya & Co.’s interim results show strong growth across all profit metrics, surpassing the previous year’s interim period. Noteworthy contributions came from the Information & Electronics segment, which saw a 19.6% increase in sales driven by automotive components and semiconductor-related products, and the Industrial Materials segment, with an 11.2% sales increase due to automotive-related and aircraft components. The upward revision of both full-year earnings and dividend forecasts could suggest management’s positive outlook on current business conditions.

• STRIDERS Corporation resolved to make block party Corporation a wholly-owned subsidiary through a simplified share exchange at its Board of Directors meeting on September 30, 2026, and signed the share exchange agreement on the same date.
• The effective date of this share exchange is scheduled for October 30, 2026.
• STRIDERS will be the wholly-owning parent company, and block party will be the wholly-owned subsidiary in this share exchange.
• 16,600 shares of STRIDERS’ common stock will be allotted for each share of block party’s common stock.
• STRIDERS’ 597,600 treasury shares will be allocated for the share delivery accompanying this share exchange, with no new shares to be issued.
• This share exchange is contingent upon block party separating its restaurant business into a separate entity and becoming a business solely focused on IT services.

This acquisition appears to be a strategic move by STRIDERS to internalize IT-related operations and bolster IT/DX support capabilities for its investment and acquisition targets. The use of treasury shares for the exchange suggests an effort to avoid dilution for existing shareholders. The integration of block party’s expertise, particularly that of its CEO Mr. Mitsuda, into STRIDERS’ group is intended to enhance overall digital capabilities and management functions, making the post-merger integration process a key area for monitoring.

• Fidea Holdings Corporation announced the signing of a merger agreement between its wholly-owned subsidiaries, The Shonai Bank, Ltd., and The Hokuo Bank, Ltd.
• The effective date of the merger is scheduled for January 1, 2027, with Shonai Bank serving as the surviving company and Hokuo Bank as the absorbed company in an absorption-type merger.
• The post-merger trade name will be “The FIDEA Bank, Ltd.”
• As both banks are wholly-owned subsidiaries of Fidea Holdings, no shares or monetary consideration will be exchanged as merger consideration.
• The merger is contingent upon obtaining necessary permits and approvals from relevant authorities.

This merger between two regional banks under Fidea Holdings is positioned to enhance their scale and strengthen their business foundation, aiming for greater contribution to regional economic revitalization. The announcement highlights a focus on supporting regional development initiatives such as renewable energy and tourism across Yamagata and Akita prefectures, which could be a key area for future growth. As this is a merger between wholly-owned subsidiaries, the company has stated there will be no impact on Fidea Holdings’ consolidated performance forecast for the fiscal year ending March 2027.

• The Keiyo Bank, Ltd. resolved at its Board of Directors meeting on September 30, 2026, to make its consolidated subsidiaries, Keiyo Gin Card Co., Ltd. and Keiyo Gin Hosho Service Co., Ltd., wholly owned.
• The purpose of the additional share acquisition is to strengthen the group’s overall governance system and to accelerate and streamline group management.
• The acquisition of Keiyo Gin Card Co., Ltd. shares is scheduled for a contract signing in mid-December 2026 and completion in early January 2027, resulting in a 100.00% voting rights ownership.
• The acquisition of Keiyo Gin Hosho Service Co., Ltd. shares is scheduled for a contract signing in mid-February 2027 and completion in late February 2027, also resulting in a 100.00% voting rights ownership.
• Since both companies are already consolidated subsidiaries, the impact of this transaction on the consolidated financial results is expected to be minor.

Keiyo Bank’s decision to wholly own its consolidated subsidiaries appears to be a strategic move to integrate group management in response to changes in regional environments and customer needs. This action could facilitate quicker decision-making and more efficient business operations, potentially strengthening the synergy between its financial and non-financial services. While the immediate impact on consolidated earnings is projected to be minor, the long-term implications for the group’s strategic evolution may be worth monitoring.

• GL Techno Holdings Co., Ltd. announced revenue and profit growth for the first quarter of FY2027.
• Revenue growth was driven by high factory utilization in the semiconductor business due to a robust order backlog and strong sales of proprietary consumables in the analytical instruments business, supported by increased PFAS analysis demand.
• Operating profit benefited from the revenue increase, enhanced production efficiency in the semiconductor business, and improved product mix in the analytical instruments business.
• The full-year earnings forecast remains unchanged, considering factors such as some early orders in the semiconductor business, anticipated cost increases from new production facilities starting in Q2, and the sales seasonality of the analytical instruments and auto-recognition businesses.
• In the semiconductor business, the new production facility in Kitakata, Fukushima, began operations in May 2026. New facilities in Yamagata, Yamagata, and Ninh Binh, Vietnam, are progressing towards early 2027 operations. These three sites are expected to increase the semiconductor business’s production capacity to approximately 30 billion yen in annual sales upon full operation.

GL Techno HD’s Q1 results highlight strong performance in its semiconductor and analytical instruments segments, driven by solid demand and strategic initiatives. The decision to maintain the full-year forecast, despite a strong Q1, suggests a cautious approach, potentially factoring in future capital expenditures for new production sites and market volatilities. Investors may wish to monitor the successful ramp-up of the new production facilities, as these are poised to significantly expand the company’s long-term production capacity and could be key drivers for future growth.

• Hito Communications Co., Ltd., the non-listed parent company of P-IZUMI, announced its financial results for the fiscal year ended June 30, 2026 (July 1, 2025 – June 30, 2026).
• The company reported sales of 2,215,154 thousand yen and an operating profit of 248,246 thousand yen.
• Ordinary profit was 299,437 thousand yen, while net income for the period was △52,538 thousand yen (net loss).
• Hito Communications’ business activities include business hotel management, with a capital of 80 million yen and a voting rights ownership ratio of 32.34% in P-IZUMI.
• Major shareholders are Tsuneo Koike (51.10%), Yasuhito Koike (40.00%), and Susumu Koike (8.90%).

The financial results of Hito Communications, P-IZUMI’s non-listed parent, offer insight into the parent company’s operational health. While a net loss was reported, the company maintained a positive operating profit, which may indicate the core business operations are still generating income. Although there is no direct mention of the impact on P-IZUMI, the financial stability of a parent company is often a point of interest for investors assessing the overall health of a group.

• Nagaoka Co., Ltd. completed the acquisition of shares of SKE Co., Ltd. on September 30, 2026, as previously announced on September 10, 2026.
• SKE Co., Ltd. has officially become a 100% consolidated subsidiary of Nagaoka.
• SKE Co., Ltd.’s address is 5000-1 Yamaga, Chikushino City, Fukuoka Prefecture, and its business includes construction, sales, and leasing of water treatment facilities, water supply and drainage facilities, well drilling, and related material sales.
• The representative director and president is Yasuhisa Umetsu, with a capital of 17,000 thousand yen, and established on November 5, 1985.
• The impact on Nagaoka’s consolidated financial results for the fiscal year ending June 2027 is currently under review, and any material developments will be promptly disclosed.

The completion of this acquisition suggests Nagaoka’s strategic move to strengthen its water treatment-related business. SKE’s business activities, which align with Nagaoka’s existing operations, could potentially create synergies. Investors may want to monitor future disclosures regarding the specific financial impact on Nagaoka’s consolidated performance for the fiscal year ending June 2027.

• First Brothers Capital Corporation, a consolidated subsidiary of First Brothers Co., Ltd., resolved on September 30, 2026, to acquire all issued shares of Sawara City Co., Ltd., making it a consolidated subsidiary.
• Sawara City Co., Ltd. operates the “Sawara City” shopping mall (real estate leasing business) in Katori City, Chiba Prefecture.
• Sawara City Co., Ltd. and its wholly-owned subsidiary, Iida Jidosha Co., Ltd., will become specified subsidiaries of First Brothers Co., Ltd.
• The decision date and contract signing date for the share acquisition were September 30, 2026, with the share transfer execution date scheduled for October 30, 2026.
• The acquisition price is undisclosed due to its minor impact (less than 3% of consolidated net assets) on the company’s consolidated performance and consideration for the individual seller’s privacy.

This acquisition appears to materialize First Brothers Group’s “Creating Shared Value (CSV)” management strategy, which aims for long-term corporate value enhancement through investment in local assets. The investment in a commercial facility that has been operating for approximately 30 years suggests an effort to balance maintaining local infrastructure with expanding revenue opportunities. The progress of capital investment and operational optimization, leveraging the company’s real estate management expertise and capital, could be a key point for investors to monitor.

• G-AIinside has resolved to acquire shares of Wanderlust Co., Ltd., making it a subsidiary.
• The acquisition involves 86,411 common shares, representing 70.0% of Wanderlust’s total outstanding shares.
• The acquisition cost is ¥700 million, with the total estimated cost including advisory fees being ¥750 million.
• Wanderlust is an AI development consulting firm established in January 2023, originating from the University of Tokyo’s Matsuo Lab.
• The share transfer is scheduled to be executed in October 2026.

This acquisition suggests G-AIinside’s strategic move to enhance its capabilities in supporting large-scale AI implementation projects by integrating Wanderlust’s consulting expertise, particularly in the upstream phases of AI strategy. The aim appears to be leveraging Wanderlust’s AI strategy formulation strengths alongside G-AIinside’s existing products and implementation support to increase customer value and expand contract sizes. Given Wanderlust’s recent financial performance, including sales of ¥241 million and operating profit of ¥31 million for the fiscal year ended March 2026, the impact on G-AIinside’s future consolidated performance will be a key point for investors to monitor.

• G-Inte Group announced its unaudited non-consolidated financial results for the first quarter of the fiscal year ending May 2027 (June 1, 2026 – August 31, 2026).
• Sales reached ¥439 million, marking a 160.8% increase compared to the same quarter of the previous fiscal year.
• Operating profit was ¥75 million, a significant turnaround from an operating loss of ¥101 million in the prior-year period.
• Ordinary profit stood at ¥79 million, and net profit for the quarter was ¥55 million.
• Basic earnings per share for the quarter were ¥25.31.
• The number of M&A consultants increased to 50 at the end of the first quarter, up from 44 in the prior-year quarter.
• The number of M&A contracts concluded was 11, compared to 6 in the same quarter last year.

G-Inte Group’s substantial growth in sales and profitability in Q1 appears to be driven by an increase in M&A consultant headcount and a higher number of completed deals. The company’s performance reflects the strong underlying demand in the SME M&A market, supported by ongoing government initiatives. Investors might consider how the company’s strategies to address the declining success rate due to buyers’ cautious selection will impact future results amidst a competitive market environment.

• Kinden Corporation announced the completion of its full acquisition of KODENSHA Co., Ltd., effective September 30, 2026.
• The full acquisition was executed as part of a series of transactions initiated with the public tender offer announced on May 25, 2026.
• The transactions involved a public tender offer, a share consolidation (effective September 29, 2026), and KODENSHA’s acquisition of treasury shares from Mitsubishi Electric Corporation (effective September 30, 2026).
• As of today, KODENSHA acquired 6 shares of the previously targeted shares owned by Mitsubishi Electric, resulting in Kinden’s voting rights ownership becoming 100.00%.
• KODENSHA’s profile includes its headquarters in Ginza, Chuo-ku, Tokyo, CEO Yuji Kajikawa, and primary businesses in electrical facility construction and product sales.

Kinden’s completion of the KODENSHA acquisition, following a complex series of transactions, is a significant event. This move may facilitate deeper operational integration within the Kinden Group, potentially contributing to long-term corporate value enhancement. Investors might monitor future disclosures regarding the impact on consolidated financial performance.

• AND ST HD announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending February 2027.
• Consolidated net sales reached ¥152.11 billion (up 1.9% year-on-year), and operating profit was ¥10.73 billion (up 34.6% year-on-year).
• Ordinary profit amounted to ¥11.06 billion (up 42.0% year-on-year), while net profit attributable to parent company shareholders decreased by 0.6% year-on-year to ¥5.95 billion.
• The full-year consolidated earnings forecast remains unchanged from the most recently announced figures: net sales ¥314.00 billion, operating profit ¥17.20 billion, ordinary profit ¥17.20 billion, and net profit attributable to parent company shareholders ¥10.50 billion.
• Sixty Percent Inc. was newly added to the scope of consolidation during this interim period.

• Hokkaido TATSujin Corporation announced an online briefing for institutional investors and analysts regarding its Q2 FY2027 financial results, to be held on October 16, 2026 (Friday) from 15:30 to 17:00 JST.
• The briefing will be conducted via Zoom Webinar and will consist of two parts: Part 1 will cover an overview of the business and business model (15:30-16:15), and Part 2 will present the Q2 FY2027 financial results followed by a Q&A session (from 16:15).
• Speakers will include Representative Director and President Katsuhisa Kinoshita (presentation and Q&A) and Director and General Manager of Administration Division Junichi Miura (Q&A).
• Participation is limited to institutional investors, analysts, and media representatives, and requires pre-registration by October 15, 2026 (Thursday) at 17:00 JST.
• The Q2 FY2027 financial results are scheduled to be announced on October 15, 2026 (Thursday) at 15:30 JST, the day prior to the briefing.

This online briefing offers institutional investors and analysts a direct channel to engage with management regarding the company’s latest financial performance and business strategies. The two-part structure, including an initial segment on business overview and model, may provide useful context for understanding the company’s operational framework. The subsequent online availability of the briefing video and Q&A content could ensure broader access to the information for those unable to attend live, contributing to transparency.

• Star Mica Holdings Co., Ltd. announced its consolidated financial results for the third quarter of the fiscal year ending November 2026 (December 1, 2025 to August 31, 2026).
• During this period, consolidated net sales were ¥65,228 million (up 34.4% year-on-year), operating income was ¥9,768 million (up 67.4%), ordinary income was ¥8,893 million (up 78.0%), and net income attributable to owners of parent was ¥6,079 million (up 77.3%).
• The company recorded its highest ever net sales and profit for a third-quarter cumulative period.
• Basic earnings per share for the quarter were ¥172.08, and diluted earnings per share were ¥170.72.
• The full-year consolidated earnings forecast remains unchanged: net sales of ¥89,168 million, operating income of ¥10,449 million, ordinary income of ¥8,771 million, net income attributable to owners of parent of ¥6,030 million, and basic earnings per share of ¥167.62.

Star Mica HD’s Q3 FY2026 consolidated results show significant year-on-year growth in both revenue and profit, marking a record high for the cumulative third quarter. This performance may suggest the effectiveness of the company’s “Find the Value 2026” medium-term management plan, particularly its strategies focusing on owner-change properties, urban market share expansion, and diversified exit strategies. With the full-year forecast unchanged, the company’s performance in the final quarter will be worth monitoring.

• Techno Alpha announced its consolidated financial results for the third quarter of the fiscal year ending November 2026 (December 1, 2025, to August 31, 2026).
• Net sales for the period were ¥3,032 million, a 0.1% increase compared to the same period in the previous year.
• Operating profit was ¥147 million (down 68.3% year-on-year), ordinary profit was ¥158 million (down 66.9% year-on-year), and net profit attributable to owners of the parent was ¥105 million (down 68.3% year-on-year).
• By segment, the Electronics Business reported sales of ¥1,942 million (up 40.0% year-on-year) and operating profit of ¥162 million (up 73.8% year-on-year). The Marine and Environmental Equipment Business reported sales of ¥295 million (down 69.6% year-on-year) and operating profit of ¥28 million (down 93.6% year-on-year).
• The consolidated full-year earnings forecast for the fiscal year ending November 2026 remains undisclosed due to the difficulty of making a reasonable estimation, as performance tends to fluctuate significantly depending on the delivery timing of large individual projects.

Techno Alpha’s Q3 FY2026 results show a slight increase in net sales but a substantial decline in all profit categories compared to the prior year. This performance appears to be primarily driven by the significant year-on-year decrease in the Marine and Environmental Equipment Business, which faced a high comparison base from a large project sale in the previous year. However, the Electronics Business and SI Business demonstrated growth in both sales and operating profit, suggesting a divergence in segment performance. The absence of a full-year earnings forecast implies that investors may need to closely monitor the progress and timing of individual large projects.

• G-TalentX Co., Ltd. resolved at its Board of Directors meeting on September 30, 2026, to acquire 80% of the issued shares of Agent Cube Co., Ltd., making it a subsidiary.
• Agent Cube Co., Ltd. is a recruitment agency established on January 17, 2013, specializing in talent placement primarily for young professionals.
• G-TalentX anticipates accelerating business growth by combining Agent Cube’s customer and job seeker base and matching expertise with G-TalentX’s AI/technology and consulting capabilities.
• Anticipated synergies include improving productivity in recruitment operations through AI/technology, expanding business opportunities leveraging both companies’ customer bases, and enhancing services using recruitment and matching knowledge and data.
• The seller of the shares is Koichi Iwamoto. The acquisition price is undisclosed due to a confidentiality agreement but is stated to be equal to or greater than 15% of G-TalentX’s consolidated net assets at the end of the previous consolidated fiscal year.

This acquisition appears to align with G-TalentX’s strategy of expanding its business domain through M&A. Integrating Agent Cube’s strength in the younger talent market could complement G-TalentX’s high-class service “X Agency,” broadening its reach across different talent segments. Furthermore, the application of G-TalentX’s AI and technology to Agent Cube’s recruitment operations aims to enhance productivity and service quality, which may contribute to future efficiency and competitive advantages.

• G-One Career disclosed answers to key questions from investors following the announcement of its Q2 FY2026 financial results.
• The cumulative operating profit margin for Q2 FY2026 was 40.8%; however, investments for future growth (marketing, recruitment, etc.) are planned for the second half of the fiscal year.
• In the medium to long term, the profitability of the new graduate recruitment business is expected to structurally improve while maintaining an EBITDA margin of 25% or more, driven by expansion of corporate client base, AI-driven productivity enhancement, and disciplined investment decisions.
• Addressing concerns about AI reducing recruitment demand, the total number of corporate clients continued to expand, reaching 7,496 companies as of June 30, 2026, a 44.0% increase year-on-year, indicating strong corporate hiring intent.
• The mid-career recruitment business “One Career Tenshoku” is progressing steadily, with cumulative members reaching 200,000 (100,000 student members, 100,000 working professional members as of May 2026), building a business foundation towards achieving ¥5 billion in sales by FY2030.

This Q&A document appears to enhance G-One Career’s business strategy transparency, offering investors detailed insights into its growth drivers and risk management framework. Specifically, the company’s approach to investing in the second half of the year, backed by a high-profit margin, and the rationale behind its long-term profitability improvement, seem to underscore its commitment to sustained growth. Furthermore, the company’s perspective on external factors like AI proliferation and the concrete progress of its mid-career recruitment business could be crucial for understanding its overall business portfolio strategy.

• G-Valtes HD announced the completion of its acquisition of all shares of Optim Inc.
• This acquisition was previously disclosed on September 25, 2026, in the announcement “Notice of Share Acquisition (Subsidization) of Optim Inc.”
• Optim Inc. has officially become a consolidated subsidiary of G-Valtes HD.
• The impact on G-Valtes HD’s consolidated results for the fiscal year ending March 2027 is currently under review.
• G-Valtes HD stated that any disclosable matters will be promptly announced in the future.

The completion of Optim Inc.’s acquisition by G-Valtes HD marks a concrete step in the company’s expansion strategy. While the company anticipates this move to contribute to enhancing group corporate value in the long term, the specific financial impact on its consolidated results for the fiscal year ending March 2027 remains under review. Investors may find it worthwhile to monitor subsequent announcements for further details regarding the financial implications and strategic synergies of this acquisition.

• G-DWTI has provided an update on the US sales partnership for its lidocaine tape “Bondlido,” co-developed with MedRx.
• The signing of an exclusive sales license agreement with US pharmaceutical company Terrain Pharmaceuticals is now expected in October 2026, revised from the previously anticipated September 2026.
• The delay in signing is attributed to negotiations with Terrain, where anticipated sales volumes for the next few years are projected to exceed initial estimates, requiring more time for review of sales strategy, supply plans, and contract terms.
• The launch timeline for Bondlido remains unchanged, scheduled for Q4 2026.
• There is no change to the 2026 December full-year financial forecast as a result of this matter, and the company states it will promptly disclose any impact once the revenue situation becomes clear.

While the sales license agreement signing has been postponed, the stated reason of increased sales volume projections could be interpreted as a positive indicator for the product’s market potential. The unchanged launch timeline suggests that the overall product rollout plan is not significantly delayed. Investors may wish to monitor the eventual contract signing and the subsequent revenue impact.

• MedRx Co., Ltd. announced that the sales license agreement for “Bondlido” in the US with Terrain Pharmaceuticals is now expected to be concluded in October 2026.
• The previous expectation was for the agreement to be signed by September 2026, but the revised timeline is due to discussions with Terrain indicating higher sales projections over the next few years than initially assumed, necessitating more time for adjustments to sales strategy, supply plan, and contract terms.
• The expected US launch period for Bondlido remains unchanged in the fourth quarter of 2026.
• Bondlido is a novel lidocaine tape utilizing ILTS® and has received US marketing approval for post-herpetic neuralgia in adults.
• The US lidocaine patch market is estimated to be approximately JPY 44 billion (USD 295 million) in 2025 (Source: IQVIA).

The delay in the sales license agreement, attributed to an upward revision of sales projections, may suggest a positive outlook for Bondlido’s market potential. While the launch timeline remains consistent, the specifics of the adjusted contract terms could be a key area for investors to monitor regarding the product’s future revenue contribution.

• Tsuji Hongo IT Consult Co., Ltd. resolved to acquire 100% of the issued shares of CS Accounting Co., Ltd., making it a wholly-owned subsidiary, at a board meeting held on September 30, 2026.
• The acquisition price for CS Accounting Co., Ltd.’s common shares is JPY 3,999 million, with a total estimated cost including advisory fees of JPY 4,009 million.
• CS Accounting Co., Ltd. specializes in accounting and human resources outsourcing, as well as accounting, human resources, and system consulting. It has a capital of JPY 50 million and was established on January 19, 1990.
• For the last three fiscal years (September 2023 to September 2025), CS Accounting Co., Ltd.’s consolidated net sales ranged from JPY 1,346 million to JPY 1,548 million, and operating profit increased from JPY 386 million to JPY 508 million.
• The share transfer is scheduled for October 23, 2026, and CS Accounting is expected to be included in Tsuji Hongo IT Consult’s consolidated financial statements from the first quarter of the fiscal year ending September 2027.

This acquisition appears to be a strategic move by Tsuji Hongo IT Consult to bolster its “Operations” segment, identified as a key growth driver, particularly in the back-office BPO sector. The integration of CS Accounting’s established client base, primarily public companies, and its specialized talent may lead to enhanced cross-selling opportunities and resource optimization. The company stated that the acquisition price was determined based on a third-party valuation, with a related-party transaction committee reviewing fairness and terms, which could provide transparency regarding the transaction.

• TRIIS Inc. signed a basic agreement on September 30, 2026, for a strategic capital and business alliance with Icom Inc. to establish a joint venture for LIMNO Co., Ltd.
• The alliance is based on TRIIS acquiring all shares of LIMNO on October 1, 2026, followed by transferring 49% of LIMNO shares to Icom, resulting in a 51% (TRIIS) and 49% (Icom) ownership structure for joint operation.
• LIMNO, originating from Tottori Sanyo Electric, is an electrical equipment planning, development, and manufacturing company, which has seen declining sales from the September 2023 fiscal year to the September 2025 fiscal year.
• The joint venture aims to combine Icom’s wireless communication technology with LIMNO’s manufacturing capabilities for drone-related components, cultivate domestic production return projects for beauty appliances leveraging TRIIS’s network, expand sales channels for both companies, strengthen the supply chain, and jointly plan and demonstrate next-generation products and services.
• A formal contract is scheduled to be signed by the end of October 2026, and LIMNO is expected to remain a consolidated subsidiary of TRIIS.

This alliance suggests TRIIS’s strategy to enhance LIMNO’s business continuity and strengthen its technological, quality, and sales foundations by partnering with Icom, a major wireless communication equipment manufacturer, rather than operating LIMNO independently. The integration of Icom’s technological expertise and TRIIS’s business development network will be key to addressing LIMNO’s declining sales. The focus on specific areas like drone-related components and the return to domestic production also outlines concrete initiatives, making future developments worth monitoring.

• I-ne achieved double-digit year-on-year growth across all categories and exceeded expectations in revenue and profit for Q2 FY2026.
• Key growth drivers include significant expansion of health food brands (Teaflex, Befas, Collatein) launched in 2025, which recorded approximately 2.3 billion JPY in sales during the first half, and SALONIA’s Face Current Pointer winning the “2026 First Half Hit Grand Prize” in the miscellaneous goods category from Nikkei Trendy.
• As a result, the full-year performance forecast has been revised upwards by +3 billion JPY for net sales and +0.5 billion JPY each for EBITDA and operating profit.
• For the second half, the company anticipates profit pressures from: rising depreciation costs related to the Strait of Hormuz (approx. 0.5-0.6 billion JPY), foreign exchange impact (approx. 0.3 billion JPY), and additional investments (approx. 2.8 billion JPY).
• Progress on “recurrence prevention measures” is on schedule, aiming for completion of system design in Q3 and full-scale operation in Q4 of the current fiscal year.

I-ne’s latest IR report highlights strong first-half financial results and an upward revision of its full-year earnings forecast, driven primarily by robust growth in its health food brands and successful new beauty appliance products. This suggests effective product strategy and market reception. However, the anticipated profit pressures in the second half from increased investments and external factors warrant close monitoring for their potential impact on full-year profitability.

• Porters Corporation resolved on September 30, 2026, to acquire additional shares in its consolidated subsidiary, KIKAN flex Co., Ltd., making it a wholly-owned subsidiary.
• KIKAN flex is engaged in the development and sales of “KIKAN flex,” a core system for staffing agencies.
• Prior to the additional share acquisition, Porters Corporation held 65.0% of KIKAN flex, while PERSOL TEMPSTAFF Co., Ltd. held 35.0%.
• The number of additional shares acquired is 21,000, bringing Porters Corporation’s total ownership to 60,000 shares, representing 100.0% of voting rights in KIKAN flex.
• The share acquisition date is scheduled for October 1, 2026.

This full acquisition of KIKAN flex by G-porters appears aimed at more agile business operations for the KIKAN flex segment, potentially enhancing the overall corporate value of the G-porters group. Transitioning from a joint venture with PERSOL TEMPSTAFF to a wholly-owned subsidiary could allow for faster decision-making and stronger strategic alignment. The future development of the core system business for the staffing industry is worth monitoring.

• For the fiscal year ended July 2026, Be Able’s sales and net profit exceeded initial plans at the time of listing, while operating profit and ordinary profit fell below targets.
• The primary reasons for missing operating and ordinary profit targets were higher-than-expected cost of sales for certain development-heavy or novel projects and a one-time personnel expense from commemorative bonuses for employees.
• Special order contracts, a key KPI, reached 6 cases, exceeding the target of 5, and the ratio of large project order value increased to 57% from the previous period.
• The renewable energy business forecasts a 44.1% increase in sales for the fiscal year ending July 2027, driven by the expansion of electricity retail and maintenance services for wind and biomass power plants.
• The withdrawal of the new regulatory standard conformity review application for Hamaoka Nuclear Power Plant Units 3 and 4 will not impact the company’s published earnings forecast for the fiscal year ending July 2027.

The FY2026 results show a mixed picture, with operating and ordinary profits missing targets due to temporary costs, but sales and net profit exceeding plans, which suggests underlying business strength. The company’s focus on high-difficulty decommissioning projects and the planned expansion of its renewable energy segment, particularly in electricity retail and maintenance, could be key growth drivers going forward. Monitoring the achievement of key performance indicators and the ongoing efforts in recruitment and talent development will be important, as the company notes its current capacity is operating at approximately 90%.

• ERI HD announced its consolidated financial results for the first quarter of the fiscal year ending May 2027 (June 1, 2026 – August 31, 2026).
• Net sales reached ¥5,847 million, marking an 8.6% increase year-on-year, while operating profit was ¥942 million, also an 8.6% increase.
• Ordinary profit grew by 9.9% to ¥964 million, and profit attributable to owners of parent increased by 0.6% to ¥524 million.
• In the “Confirmation Inspection and Housing Performance Evaluation Related Business” segment, net sales were ¥4,673 million (up 6.3% YoY) and operating profit was ¥1,059 million (up 15.4% YoY).
• The “Infrastructure Stock and Environment Related Business” segment reported net sales of ¥1,096 million (up 18.1% YoY) and an operating loss of ¥100 million (compared to an operating loss of ¥39 million in the prior year).
• In July 2026, the company acquired shares of Carbon Free Consulting Co., Ltd., making it a consolidated subsidiary.
• The full-year consolidated earnings forecast for the fiscal year ending May 2027 remains unchanged, projecting net sales of ¥27,000 million, operating profit of ¥5,330 million, ordinary profit of ¥5,330 million, and profit attributable to owners of parent of ¥3,280 million.

ERI HD’s Q1 FY2027 results demonstrate solid growth in both sales and operating profit, indicating a strong start to the fiscal year. The robust performance of its core “Confirmation Inspection and Housing Performance Evaluation Related Business,” alongside contributions from the newly consolidated subsidiary Carbon Free Consulting, appears to be driving overall results. However, the operating loss reported by the “Infrastructure Stock and Environment Related Business” segment may be a point for investors to monitor in future disclosures.

• Mitsubishi Kakoki Co., Ltd. and Tsukishima Holdings Co., Ltd. announced a management integration on an equal footing, scheduled for April 1, 2027.
• The integration involves Mitsubishi Kakoki transitioning into a holding company via an absorption-type company split, with MKK Next Co., Ltd. (a newly established wholly-owned subsidiary) as the successor company.
• Following the company split, a stock exchange between the two companies is planned, conditional on the split’s effectiveness.
• The management integration agreement and stock exchange agreement were approved and concluded by the respective boards of directors today.
• The stated objective of the integration is to leverage both companies’ technological capabilities, customer bases, and operational know-how to become a “leading company in machinery and engineering supporting water, energy, and industrial infrastructure.”

This management integration suggests a strategic move by Mitsubishi Kakoki and Tsukishima Holdings to bolster their respective strengths and pursue new growth opportunities. Key areas of focus appear to be the expansion of product lineups in the single-unit machinery and engineering businesses, mutual utilization of customer bases, and enhancement of capabilities in public-private partnership projects within the water environment sector. The long-standing relationship between the two companies and the high affinity of their business models could also contribute to the potential synergies of the integration.

• Tsukishima Holdings Co., Ltd. and Mitsubishi Kakoki Kaisha, Ltd. announced their management integration, slated for April 1, 2027 (planned).
• The integration will be conducted on an equal footing, involving an absorption-type company split by Mitsubishi Kakoki to transition to a holding company structure, followed by a stock exchange between the two companies.
• The integrated entity aims to become a leading company in machinery and engineering supporting water, energy, and industrial infrastructure.
• Both companies plan to strengthen and optimize their product lineups, customer bases, technical capabilities, and after-sales service networks across their standalone equipment, engineering, and water environment businesses.
• The implementation of this management integration, stock exchange, and company split is contingent upon approval at both companies’ shareholder meetings and the acquisition of necessary permits and licenses.

This management integration suggests an effort by Tsukishima Holdings and Mitsubishi Kakoki to leverage their complementary strengths and address respective challenges through resource consolidation, aiming for enhanced business efficiency and competitiveness. The strategic focus on cross-selling in the standalone equipment business, strengthening capabilities for large-scale projects in engineering, and utilizing public-private partnership expertise in the water environment sector could significantly impact future revenue streams. Investors may find it worthwhile to monitor how these initiatives contribute to long-term business foundation strengthening and corporate value improvement.

• Icom announced a basic agreement for a strategic capital and business alliance with TRIiS to make LIMNO a joint venture, signed on September 30, 2026.
• Under the agreement, TRIiS is to acquire 100% of LIMNO shares on October 1, 2026, after which Icom will acquire 49% of LIMNO shares from TRIiS, resulting in Icom holding 49% and TRIiS 51%.
• LIMNO’s business includes planning, development, manufacturing, and sales of electrical equipment such as tablets, displays, and IoT modules, with net assets of JPY 1,188,840,554 and total assets of JPY 7,994,378,463 as of July 31, 2026.
• The joint venture aims to combine Icom’s wireless communication technology with LIMNO’s design and manufacturing capabilities for planning and mass production of drone-related components and communication modules. It also plans to leverage TRIiS’s network to explore domestic production return projects for beauty appliances and other electrical equipment.
• Both companies are to proceed with discussions towards concluding a legally binding formal agreement by the end of October 2026.

This basic agreement suggests Icom’s strategic move to expand its business opportunities by integrating its wireless communication technology with LIMNO’s manufacturing capabilities and TRIiS’s management and business development expertise. The focus on high-growth areas like drone components and communication modules, alongside tapping into the trend of domestic production returns, could be an attempt to reverse LIMNO’s declining sales and foster sustainable growth. The details of the formal contract and future business developments will be key areas to monitor.

• Pickles Holdings Co., Ltd. has declared an interim dividend of ¥15.00 per share, with the record date set for August 31, 2026.
• The year-end dividend forecast for the fiscal year ending February 2027 has been revised from ¥14 (ordinary dividend ¥14) to ¥17 (ordinary dividend ¥15, commemorative dividend ¥2) per share.
• This revision results in a projected annual dividend of ¥32 for the fiscal year ending February 2027.
• The revision of the year-end dividend forecast is attributed to a ¥2 commemorative dividend to mark the 50th anniversary of its main subsidiary, Pickles Corporation, in February 2027.
• The company also stated an increase in ordinary dividend, based on its basic policy of progressive dividends, considering business performance, financial condition, and future business development.

The announcement of both a commemorative dividend for a significant subsidiary milestone and an increase in the ordinary dividend may suggest a strong commitment to shareholder returns. The company’s stated basic policy of progressive dividends could indicate a consistent approach to future dividend policies, which may be a point of interest for investors.

• G-BASE announced a change to the tender offer period for its shares by SBINM LLC, a wholly-owned subsidiary of SBI Holdings, Inc.
• The tender offer period, initially scheduled from August 31, 2026, to September 30, 2026 (20 business days), has been extended to August 31, 2026, to October 15, 2026 (30 business days).
• Consequently, the settlement commencement date for the tender offer will be changed to October 22, 2026.
• There are no changes to the tender offer price (¥340 per common share), the maximum number of shares to be purchased (23,792,300 shares), or the purpose of the tender offer (to make G-BASE an equity-method affiliate).
• The reason for the extension is stated as the tender offeror’s comprehensive consideration of the application status after the commencement of the tender offer and future application prospects, concluding that it is appropriate to provide shareholders with further opportunities for judgment.

The extension of the tender offer period may suggest that the tender offeror is seeking to maximize participation by allowing shareholders more time to consider their options, potentially due to initial application rates. While the core terms of the offer remain unchanged, this extended timeline could offer a greater window for decision-making among G-BASE shareholders. It is worth monitoring how the market responds to this extended timeframe, particularly regarding the unchanged offer price.

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

• Namura Shipbuilding Co., Ltd. resolved at its Board of Directors meeting on September 30, 2026, to absorb-merge its wholly-owned subsidiary, Imari Steel Center Co., Ltd.
• The effective date of the merger is scheduled for April 1, 2027.
• The stated purpose of the merger is to integrate the functions of steel material handling, storage, processing, and quality assurance for the new shipbuilding business, aiming for faster decision-making, optimal allocation of management resources, and improved manufacturing process efficiency.
• This merger qualifies as a simplified merger for Namura Shipbuilding and a short-form merger for Imari Steel Center, thus bypassing the need for shareholder approval meetings for both.
• The company has stated that the impact of this merger on its consolidated financial performance is expected to be minor.

This merger with a wholly-owned subsidiary indicates Namura Shipbuilding’s strategic move to vertically integrate its supply chain within its core new shipbuilding business. The consolidation is intended to streamline operations and enhance competitiveness across the group. While no significant direct impact on performance is currently anticipated, the long-term implications for corporate value enhancement and operational synergies will be worth monitoring.

• Sato Watanabe Co., Ltd. has announced the financial results of its non-listed parent company, Sato Kogyo Co., Ltd., as of June 30, 2026.
• Sato Kogyo reported consolidated sales of ¥168,694 million for the period from July 1, 2025, to June 30, 2026.
• During the same period, operating income was ¥6,750 million, ordinary income was ¥8,981 million, and net income was ¥6,386 million.
• As of June 30, 2026, Sato Kogyo’s balance sheet showed total assets of ¥171,869 million, total liabilities of ¥97,204 million, and total net assets of ¥74,664 million.
• Sato Kogyo holds a 20.85% voting rights stake in Sato Watanabe (as of June 30, 2026).

The disclosure of Sato Kogyo’s financial results by its listed subsidiary, Sato Watanabe, enhances transparency regarding the unlisted parent company. This information can be valuable for investors in understanding the broader business environment and governance structure surrounding Sato Watanabe. The financial health of the parent company, with which Sato Watanabe has a capital and business alliance, could potentially influence future group strategies, making it a point worth monitoring.

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

• YE DIGITAL Co., Ltd. announced its consolidated financial results for the second quarter (interim period) of the fiscal year ending February 2027.
• For the interim period, net sales were ¥9,527 million, a decrease of 1.4% compared to the same period last year.
• Operating profit was ¥568 million (down 11.7% YoY), ordinary profit was ¥615 million (down 13.0% YoY), and net income attributable to parent company shareholders was ¥361 million (down 18.2% YoY).
• The decline in performance for this interim period was primarily attributed to the delay in contract signing for highly profitable projects in the logistics DX business.
• The full-year consolidated earnings forecast (Net sales ¥22,000 million, Operating profit ¥2,200 million, Ordinary profit ¥2,300 million, Net income attributable to parent ¥1,600 million) and the annual dividend forecast (¥30) remain unchanged from the most recently published forecasts.

YE DIGITAL’s interim results showed a year-over-year decline in sales and profit metrics, yet the full-year forecast remains unchanged. This suggests the company anticipates a recovery in the second half, potentially due to the delayed high-profit projects in the logistics DX business. While the IoT Solutions segment saw growth, the Business Solutions segment experienced a decrease, indicating shifts in the company’s business portfolio that could be worth monitoring.

• PA Company announced on September 30, 2026, a partial change to its shareholder benefit program, including the establishment of a new benefit and a shift to electronic gifts.
• A new benefit will be introduced for all shareholders holding 1,000 or more shares as of December 31, 2026, where a total of 5,000,000 yen in electronic gifts will be distributed proportionally among eligible shareholders.
• The benefit for long-term shareholders (holding 1,000+ shares for 2+ years) will change from 5,000 yen in Amazon gift cards to 5,000 yen in electronic gifts.
• The special lottery benefit (for 500 shareholders holding 1,000+ shares) will also change from 10,000 yen in Amazon gift cards to 10,000 yen in electronic gifts.
• Electronic gifts are scheduled to be sent to eligible shareholders enclosed with the “Notice of Convocation of the Ordinary General Meeting of Shareholders,” expected to be dispatched in early March 2027.

These changes to the shareholder benefit program appear to aim at enhancing shareholder returns and improving convenience. The introduction of a new benefit targeting all shareholders holding 1,000 or more shares could indicate an intention to broaden the scope of shareholder appreciation. Additionally, the transition to electronic gifts across all benefit categories may offer increased utility to shareholders, as these can be utilized for various e-money and payment services.

• Skyfall Inc. resolved to form a capital and business alliance with WED Inc. at its Board of Directors meeting on June 17, 2026, and signed the agreement on September 14, 2026.
• As part of this alliance, Skyfall acquired 31,152 shares of WED’s E-type preferred stock through a third-party allotment for an acquisition price of 49,998,960 yen.
• Post-acquisition, Skyfall’s stake in WED Inc. is 6.17%.
• The business alliance involves integrating WED’s “Performance Media Network (PMN)” into Skyfall’s proprietary “SKYFLAG” format, enabling “SKYFLAG” clients to offer receipt-based campaigns.
• The company anticipates a minor impact from this alliance on its performance for the fiscal year ending September 2026.

This alliance is designed to enhance value in the reward marketing sector by combining Skyfall’s “SKYFLAG” platform with WED’s receipt and purchase data-driven “PMN.” Given Skyfall’s strategic focus on strengthening its receipt-based services for business growth, integrating WED’s expertise and data infrastructure could potentially open new revenue streams and diversify promotional opportunities for its clients.

• Irion Electronic Industry announced on September 30, 2026, that the disclosure of its FY2026 March earnings report exceeded 50 days after the fiscal year-end.
• The reason for the delayed disclosure was attributed to work stemming from the results of a third-party committee investigation, as previously announced in the “Notice of Application for Approval to Extend the Submission Deadline for the FY226 March Annual Securities Report” dated June 29, 2026.
• Specifically, significant time was required for the preparation of consolidated financial statements, financial statements, internal control reports for FY2026 March, and amended reports for past annual securities reports requiring corrections.
• Additional audit procedures by accounting auditors and corresponding amended audit procedures for past periods also contributed to the delay.
• The company states it will strive to prevent recurrence of disclosure delays and aims to disclose future financial results within 45 days after the fiscal year-end by developing appropriate internal control systems.

This announcement suggests that Irion Electronic Industry is addressing past issues related to financial reporting transparency and working to improve its future disclosure system. Delays in financial reporting can hinder investors’ access to critical information, making the progress of the company’s disclosure framework a key point of interest. The effectiveness of their specific initiatives to meet the target of disclosing within 45 days after the fiscal year-end could be crucial for regaining investor confidence.

• Yamashita Healthcare Holdings announced its consolidated financial results for the first quarter of the fiscal year ending May 2027 (June 1, 2026, to August 31, 2026).
• Net sales for the first quarter totaled ¥15,045 million, representing a 0.2% decrease compared to the same period last year.
• The company reported an operating loss of ¥131 million (compared to an operating income of ¥36 million in the prior year period), an ordinary loss of ¥106 million (compared to an ordinary income of ¥67 million), and a net loss attributable to owners of the parent of ¥101 million (compared to a net loss of ¥2 million).
• The primary reason for the decrease in net sales was a decline in capital investment demand from medical institutions compared to the previous year. However, demand for medical consumables such as examination and surgical supplies increased due to a rise in the number of examinations and surgeries.
• The consolidated full-year forecast for the fiscal year ending May 2027 remains unchanged from the most recently published figures, projecting net sales of ¥69,794 million, operating income of ¥833 million, ordinary income of ¥855 million, and net income attributable to owners of the parent of ¥553 million.

The first quarter saw a decrease in revenue and profit, with losses reported from operating income downwards, which may suggest the impact of external factors such as reduced capital investment demand from medical institutions. The reaffirmation of the full-year forecast could indicate the company’s confidence in achieving its initial plans. The increased demand for medical consumables might be a positive point for ongoing observation.

• Booking Resort Co., Ltd. has decided to modify and expand its shareholder benefit program.
• The “Dog Villa Izu Yuusen,” the first project of the “Facility Revitalization & Resale Business,” has been added as a new eligible facility.
• “Dog Villa Izu Yuusen” is scheduled for its grand opening in October 2026, with reservations starting September 30, 2026, and stays available from November 1, 2026, onwards.
• The maximum redemption value for shareholder coupons at “Dog Villa Izu Yuusen” is up to 20,000 JPY per night.
• Existing eligible facilities include four locations where coupons can be used without limit (e.g., “Dog Villa Chiba Minamiboso”) and three locations with a maximum limit of 20,000 JPY per stay (e.g., “Seaside Terrace Chiba Kamogawa”).

This expansion of the shareholder benefit program by G-Booking Resort appears to be aimed at familiarizing shareholders with the company’s new “Facility Revitalization & Resale Business” by including its inaugural project. Providing shareholders with direct experience of a business segment positioned as a new growth driver could foster long-term loyalty and understanding. The expansion of the eligible facility list may be viewed as a component of the company’s shareholder return strategy.

• Nidec announced the recording of JPY 330.9 billion in special losses and JPY 54.3 billion in special gains in its non-consolidated financial results for the fiscal year ending March 2026.
• Special losses include JPY 30.5 billion for special investigation costs, JPY 183.5 billion for valuation losses on shares of affiliated companies, and JPY 56.3 billion for loss on elimination of treasury shares, totaling JPY 330.9 billion.
• Special gains include JPY 20.0 billion for reversal of allowance for doubtful accounts for affiliated companies and JPY 34.2 billion for reversal of allowance for business losses of affiliated companies, totaling JPY 54.3 billion.
• These entries are a result of an independent third-party committee investigation, established on September 3, 2025, which confirmed multiple accounting irregularities including delaying write-downs of inventories, avoiding impairment losses on fixed assets, and capitalizing expenses that should have been expensed.
• While “Special investigation costs” and “Provision for contract losses” will be reflected in consolidated results, other valuation losses and provisions related to affiliated companies will be eliminated in the consolidated financial statements and thus will not impact consolidated performance.

Nidec’s recording of substantial special losses in its non-consolidated results reflects the findings of the third-party committee’s accounting fraud investigation, indicating efforts toward transparency in corporate governance. The disclosure that most of these items, particularly those related to affiliated companies, will be eliminated in consolidated financial statements, is a key point for investors focusing on the company’s overall performance. Further developments regarding future disclosures and the implementation of recurrence prevention measures will be worth monitoring.

• G-Confidence I announced on September 30, 2026, that its Board of Directors resolved to acquire shares of flaggs Co., Ltd., making it a consolidated subsidiary.
• flaggs Co., Ltd. specializes in game planning, development, and operation, with a capital of 100,000 thousand yen and was established in March 2015.
• G-Confidence I will acquire 34,168 shares of flaggs, resulting in a voting rights ownership ratio of 70.0%.
• The scheduled execution date for the share transfer is October 1, 2026.
• The acquisition price is undisclosed but is stated to be a minor amount, less than 15% of G-Confidence I’s consolidated and individual net assets as of the end of the previous fiscal year (March 31, 2026).

• abc Co. Ltd. announced the launch of “Yutai no Izumi,” a new service for using shareholder benefit points, effective September 30, 2026.
• The service allows shareholders to “nominate” desired companies or stores where they wish to use their benefit points, with abc then engaging in partnership negotiations to gradually expand usage options.
• The first phase of the service will run from September 30, 2026, to December 31, 2026, with the operating details for the second phase to be determined based on the performance and verification of the first phase.
• There are no changes to the eligibility, criteria, or timing of shareholder benefit point grants from the disclosure on August 21, 2026.
• abc expects to receive a fixed fee from partner companies based on the number of shareholder visits facilitated through the service, which will not be linked to the number of benefit points used.

This service represents a novel approach to expanding the utility of shareholder benefits, driven by shareholder preferences, which could enhance convenience for investors. The aim to build a circular ecosystem that promotes business expansion for both abc and its partner companies through shareholder traffic might be a notable aspect for future business developments. The success of the service’s operation and expansion of partnerships could be crucial for assessing its long-term impact on financial performance.

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

• Recomm Co., Ltd. resolved at its Board of Directors meeting on September 30, 2026, to issue new shares and the 24th to 26th series of stock acquisition rights through a third-party allotment.
• Growth Capital Inc. is the allottee, and a business alliance for strategic IR activity support was also resolved with the company.
• The new shares consist of 500,000 common shares issued at 100 yen per share, raising approximately 49 million yen. The payment date is October 16, 2026.
• The stock acquisition rights comprise 193,846 units (potential shares: 19,384,600 shares) with fixed exercise prices of 100 yen for the 24th series, 130 yen for the 25th series, and 150 yen for the 26th series. There are no downward revision clauses (MSCB-type clauses). The estimated net proceeds from the exercise of these rights are 2,311,942,606 yen.
• The purpose of the fundraising is to secure a financial foundation for achieving non-continuous growth through M&A, which is central to the company’s growth strategy.

This third-party allotment of new shares and stock acquisition rights appears to be a strategic move by Recomm to secure funding for its M&A-centric growth strategy. The fixed exercise prices without MSCB-type clauses could be seen as an effort to balance securing mid-term growth capital with mitigating dilution concerns for existing shareholders. Furthermore, the business alliance with Growth Capital suggests that Recomm is not only focusing on capital infusion but also on enhancing its strategic IR activities to boost corporate value.

• Keyware Solutions Co., Ltd. entered into a capital and business alliance agreement with Global Security Experts Co., Ltd. (GSX) effective September 30, 2026.
• The business alliance primarily covers collaboration in selling security-related products and services, human resource cooperation in security-related operations, and fostering security personnel.
• Regarding the capital alliance, GSX plans to acquire 600,000 shares of Keyware common stock (6.59% of total outstanding shares, 7.17% of voting rights) from Kanematsu Electronics Ltd. via ToSTNeT-1 on September 30, 2026.
• GSX operates as a cybersecurity education company, focusing on cybersecurity, security education, and security personnel services.
• Keyware anticipates that this capital and business alliance will have a minor impact on its consolidated financial results for the time being.

This alliance is expected to accelerate Keyware’s efforts to strengthen its cybersecurity service offerings and develop specialized personnel, which it has identified as key initiatives. The combination of GSX’s expertise and Keyware’s customer base and system integration capabilities could generate new business opportunities for both companies. The specific initiatives and their progress in this collaboration will be worth monitoring.

• G-Global Security Expert Inc. (G-Global Secu) has resolved to enter into a capital and business alliance agreement with Keyware Solutions Co., Ltd.
• The alliance aims to strengthen cybersecurity support and incident response for companies nationwide, addressing the acceleration and scale of AI-driven cyber attacks.
• The business alliance encompasses collaboration in sales of security-related products/services, human resource deployment in security operations, and security talent development.
• For the capital alliance, G-Global Secu plans to acquire 600,000 common shares of Keyware Solutions (6.59% of total issued shares, 7.17% of voting rights) from existing shareholder Kanematsu Electronics Ltd.
• The share acquisition is scheduled for September 30, 2026, with an estimated acquisition price of approximately JPY 658 million.

This alliance appears to be a strategic move by G-Global Secu to expand its reach in providing cybersecurity solutions across Japan, leveraging Keyware’s national customer base and strengths in IT infrastructure. For Keyware, it presents an opportunity to enhance its practical experience and technical capabilities in the security domain through G-Global Secu’s specialized knowledge and educational programs. The collaboration could indicate an effort to address the reported shortage of security specialists in regional areas by combining the strengths of both companies.

• Nabtesco submitted amended reports for its past annual, quarterly, and semi-annual securities reports to the Kanto Local Finance Bureau on September 30, 2026.
• The primary reason for these amendments stems from an auditor’s observation regarding equity-method investment gains from TMT Machinery Corporation, an equity-method affiliate.
• The corrections cover securities reports from the 19th fiscal year (ended December 2021) to the 23rd fiscal year (ended December 2025), and financial results summaries from the third quarter of the fiscal year ended December 2024 to the second quarter of the fiscal year ended December 2026.
• Impact on consolidated performance for the full year ended December 2021 includes a decrease of 161 million yen in revenue and 47 million yen in profit attributable to owners of the parent. For the full year ended December 2022, revenue increased by 432 million yen and profit attributable to owners of the parent increased by 951 million yen. For the full year ended December 2023, operating profit decreased by 716 million yen and profit attributable to owners of the parent decreased by 328 million yen.
• Other previously uncorrected items deemed immaterial in past periods were also revised concurrently.

These amendments, triggered by an auditor’s observation on equity-method investment gains, impact financial statements across multiple past fiscal years. Investors may find it important to review the detailed changes, as the corrections affect not only income statement items like revenue and profit but also balance sheet items such as total assets and total equity. The widespread nature of these revisions suggests the importance of understanding the precise impact on each period to accurately assess the company’s long-term financial position.

• Takara Standard Co., Ltd. resolved at its Board of Directors meeting on September 30, 2026, to absorb its wholly-owned subsidiary, Takara Kako Co., Ltd.
• The effective date of the merger is scheduled for April 1, 2027.
• Takara Standard will be the surviving company in this absorption-type merger, and Takara Kako will be dissolved.
• This merger qualifies as a simple merger under Article 796, Paragraph 2, and a short-form merger under Article 784, Paragraph 1 of Japan’s Companies Act, thus no shareholder meetings will be held for approval by either company.
• No new shares will be issued, and no merger consideration will be paid. There will be no changes to the trade name, business content, head office location, representative’s position/name, capital, or fiscal year-end following the merger.
• Takara Standard stated that this merger is expected to have no impact on its consolidated financial performance.

This merger appears to aim at enhancing the group’s overall strength and market competitiveness through advanced FRP product manufacturing technology and efficient allocation of capital expenditure for R&D. As it involves a wholly-owned subsidiary, the move likely represents an internal restructuring to optimize management resources and improve operational efficiency within the corporate group. The stated lack of impact on consolidated financial results may reflect the nature of such an intra-group reorganization.

• For the nine months ended August 31, 2026 (Q3 FY2026), consolidated operating revenue increased by 3.7% year-over-year to JPY 156,245 million.
• Operating income for the same period decreased by 1.0% year-over-year to JPY 4,407 million.
• Ordinary income was JPY 3,590 million, down 4.7% YoY, and net income attributable to owners of parent was JPY 1,833 million, a decrease of 11.9% YoY.
• Diluted earnings per share for the quarter was JPY 73.78.
• The full-year consolidated earnings forecast remains unchanged from the most recently announced forecast, projecting operating revenue of JPY 205,000 million, operating income of JPY 5,700 million, ordinary income of JPY 4,400 million, and net income attributable to owners of parent of JPY 2,100 million.
• The company maintains its year-end dividend forecast of JPY 12.00, resulting in a full-year dividend of JPY 24.00.

Kyuso Distribution’s Q3 FY2026 results show a notable increase in revenue, which may suggest successful pricing strategies and expanded existing transactions. However, the decline in operating and net income indicates a potential squeeze on profitability, possibly due to rising operational costs such as transportation, warehousing, and labor, alongside expenses related to a new retirement benefit plan. The mixed performance across segments, with a strong showing in the related businesses offsetting declines in joint and dedicated logistics, could be a key area for investors to monitor regarding the company’s overall operational efficiency.

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

• G-BlueMeme Inc. announced a correction to the numerical data in its “Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2025 (Japanese GAAP).”
• The correction pertains to the financial results report originally announced on August 14, 2024.
• The company has re-submitted the corrected numerical data in XBRL format.
• For details regarding the impact of these corrections on financial performance, the company directed stakeholders to a separate announcement issued today, titled “Notice Regarding Submission of Amended Past Securities Reports, etc., and Amendment of Past Financial Results Briefings, etc.”
• The company expressed its sincere apologies to shareholders, investors, and all relevant parties for any inconvenience and concern caused.

This announcement indicates a revision to previously disclosed financial data, which investors may want to examine closely to understand the nature and scope of the changes. The specific impact on financial performance is directed to be found in a separate, more detailed announcement today, suggesting that the implications could be significant enough to warrant dedicated disclosure. Such corrections to past financial statements often lead investors to review the company’s internal controls and reporting accuracy, which could be a point of focus moving forward.

• On September 30, 2026, coly Inc. announced a correction to a portion of its “Q2 FY2027 Earnings Call Transcript,” stating that some descriptions contained errors.
• Correction point 1 is on page 17, “Q2 FY2027 P/L Summary,” regarding “selling, general and administrative expenses.” The previous statement “increased by 22.4% from the previous period” was corrected to “increased by 29.0% from the previous period.”
• Correction point 2, on page 20, “Existing/New Profit Breakdown Review,” revised the development costs for new game titles from 1.27 billion yen to 1.21 billion yen.
• Also in correction point 2, new initiative costs for media-related activities were revised from 0.3 billion yen to 0.8 billion yen.
• The company stated that no other financial statements required corrections.

This correction pertains to specific expense figures, which could be important for investors seeking an accurate understanding of the company’s cost structure. The upward revision of the selling, general, and administrative expenses increase percentage, along with the adjusted breakdown of new development costs and media-related initiative costs, may be points of interest for assessing future business developments and profitability.