📋 Material Events 1086

ELECOM CO.,LTD.

6750 · エレコム株式会社

The company acquired all shares of Nihon Antenna Co., Ltd. through a stock exchange on November 25, 2025, making it a consolidated subsidiary. The acquisition resulted in the recognition of negative goodwill (bargain purchase gain) of ¥7,648 million as an extraordinary gain in the Q3 FY2026 consolidated financial results.

TABIKOBO Co. Ltd.

6548 · 株式会社旅工房

The company received an insurance payout of 50 million yen from its Directors and Officers (D&O) liability insurance policy. The claim was filed for external consulting expenses incurred during a special investigation committee related to employment adjustment subsidies and emergency employment stabilization subsidies. The insurance proceeds were recorded as extraordinary profit in Q2 FY2026 financial statements.

GALA INCORPORATED

4777 · 株式会社ガーラ

The company recorded impairment losses on fixed assets of subsidiary Treeful Co., Ltd. due to declining operational capacity and uncertain capital recovery prospects. Additionally, the parent company recorded evaluation losses on affiliate company stocks and provisions for potential losses from affiliate business operations totaling 270,627 thousand yen on an individual basis.

Nihon M&A Center Holdings Inc.

2127 · 株式会社日本M&Aセンターホールディングス

The company has resolved to establish a new subsidiary, J-Capital Co., Ltd., as an intermediate holding company for its fund business operations effective April 1, 2026. The fund business rights and obligations will be transferred to the newly established company through a simplified share split, with J-Capital becoming a 100% subsidiary of the parent company. This reorganization aims to clarify decision-making authority, develop management talent, and maximize group enterprise value.

HAMAI INDUSTRIES LTD.

6497 · 株式会社ハマイ

The company is replacing its statutory auditor due to the delisting of the incumbent auditor from the Japan Public Accountants Association's list of auditors for listed companies. Touko Limited Liability Audit Corporation will replace Audit Corporation Mahoroba, effective March 24, 2026, at the 94th Annual Shareholders Meeting.

Living Platform, Ltd.

7091 · 株式会社リビングプラットフォーム

The company will receive dividend payments totaling 500 million yen from two consolidated subsidiaries, with the board resolution dated February 13, 2026, and expected receipt in March 2026. The dividend will be recorded as dividend income in the individual financial statements for the fiscal year ending March 2026, but will have no impact on consolidated earnings due to the subsidiary consolidation elimination.

Infomart Corporation

2492 · 株式会社インフォマート

The company entered into a capital and business alliance agreement with Dai-ichi Life Holdings on February 13, 2026, involving a third-party allocation of new shares and disposal of treasury shares. Dai-ichi Life Holdings will acquire approximately 15.06% voting rights and obtain the right to nominate one director candidate, while agreeing to hold shares for 5 years and maintain the company's management autonomy through anti-dilution provisions.

AMUSE INC.

4301 · 株式会社アミューズ

Amuse Inc. has decided to implement changes to its executive and employee stock compensation programs through Board Incentive Plan (BIP) and Employee Stock Ownership Plan (ESOP) trusts for the three fiscal years ending March 31, 2026-2028. The company will dispose of 588,880 treasury shares (270,000 newly allocated plus existing trust holdings) valued at approximately ¥1.22 billion to these trusts at ¥2,079 per share.

�シォ�ス包ス��ス��ス取ェ蠑丈シ夂、セ

4425 · Kudan株式会社

The company recognized foreign exchange gains of ¥327.095 billion and German government R&D subsidies of ¥9.89 billion as non-operating revenue in Q3 FY2025, resulting from currency fluctuations in GBP/EUR/USD and research development activities. These material gains significantly impact the consolidated financial results for the third quarter ended March 2025.

Headwaters Co., Ltd.

4011 · 株式会社ヘッドウォータース

The company decided on February 14, 2026 to replace its external auditor. Koa Audit Corporation (興亜監査法人) will be replaced by Taiyo Limited Liability Audit Corporation (太陽有限責任監査法人) effective March 27, 2026, following the expiration of the current auditor's term. The change was approved by the Audit Committee, with the final decision pending shareholder approval at the 21st Annual General Meeting on March 27, 2026.

Synspective Inc.

290A · 株式会社Synspective

Synspective resolved to issue two series of stock options (warrants) to its directors and employees. The 6th series comprises 702 warrants for 70,200 common shares allocated to 215 employees at no issuance price, exercisable from March 6, 2026 to March 5, 2031 at ¥1 per share. The 7th series comprises 4,038 warrants for 403,800 common shares allocated to 5 directors and 1 employee at ¥100 per warrant, exercisable from April 1, 2028 to March 5, 2032 at ¥1,252 per share, with exercise contingent on revenue targets of ¥27-33 billion.

ICHIKAWA CO., LTD.

3513 · イチカワ株式会社

Ichikawa Corporation announced the acquisition of 71,000 treasury shares through a Board Benefit Trust (BBT) mechanism to fund performance-linked stock compensation for directors and executive officers. The trust will acquire shares at ¥3,680 per share (total ¥261.28 million) to align executive compensation with medium to long-term business performance and corporate value enhancement.

ESCRIT INC.

2196 · 株式会社エスクリ

The company is being absorbed as the disappearing company in a merger with Novarese Co., Ltd., with an effective date of April 1, 2026. As a result, the company recorded merger-related costs of 115 million yen and impairment losses of 279 million yen as special losses, along with a 257 million yen deferred tax asset adjustment.

AI CROSS Inc.

4476 · AI CROSS株式会社

The company announced a change in its external auditor effective March 26, 2026, at the conclusion of the 11th annual shareholder meeting. Tōyō Audit Corporation will be replaced by Taiyo Limited Liability Audit Corporation as the company's accounting auditor, following a comprehensive evaluation of audit responsiveness and cost efficiency relative to the company's business scale.

繧ィ繧ュ繧オ繧、繝医�帙�シ繝ォ繝�繧」繝ウ繧ー繧ケ譬ェ蠑丈シ夂、セ

5571 · エキサイトホールディングス株式会社

The company's board of directors approved an absorption merger between its subsidiary Excite Corporation (surviving company) and iXIT Corporation (disappearing company) effective April 1, 2026. As a result of this merger, iXIT Corporation will be dissolved and cease to be a specified subsidiary of the company.

Ferrotec Corporation

6890 · 株式会社フェローテックホールディングス

Fellowtech Corporation's board of directors (February 12, 2026) approved the issuance of 21,332 restricted stock units to directors and employees of the company's overseas subsidiaries under its post-grant equity compensation plan. The shares will be issued at ¥6,100 per share (based on February 10, 2026 closing price) via in-kind contribution method, with total estimated value of approximately ¥130.1 million.

TECHNOLOGIES, Inc.

5248 · 株式会社テクノロジーズ

The company will receive a dividend of 142 million yen from its consolidated subsidiary, Eco Kaku Co., Ltd. on February 19, 2026. This dividend will be recorded as non-operating revenue in the individual financial statements for the fiscal year ending January 2027, with no impact on consolidated results.

Kirin Holdings Company, Limited

2503 · キリンホールディングス株式会社

Kirin Holdings will implement an employee stock ownership plan (ESOP) trust program targeting approximately 140 senior management employees across the company and subsidiaries. The program will distribute 540,900 shares (or equivalent cash) over a three-year period from fiscal year 2026 through 2028, with share allocations based on achievement of key management performance indicators in the medium-term business plan. The trust will be managed by Mitsubishi UFJ Trust Bank as trustee and Japan Mastertrust Bank as co-trustee.

&Do Holdings Co.,Ltd.

3457 · 株式会社And Doホールディングス

The company executed an absorption spin-off of the remodeling business operated by subsidiary House Do Japan to subsidiary DO, and subsequently sold 100% of the shares of the remodeled entity to Shin Denki Co., Ltd. for 1.5 billion yen on February 5, 2026. The transaction is expected to generate a one-time gain on sale of related company shares to be recognized as extraordinary profit in the fiscal year ending June 2026.

SEGA SAMMY HOLDINGS INC.

6460 · セガサミーホールディングス株式会社

The company recognized a significant impairment loss of 31.3 billion yen on goodwill and other intangible assets related to Rovio Entertainment Ltd, acquired in September 2023. The impairment was triggered by deteriorating business performance and changing market conditions in the global mobile game sector, which prevented Rovio from achieving initially projected financial targets.

Meiho Holdings,Inc.

7369 · 株式会社メイホーホールディングス

The company has decided to acquire all shares of Amano Construction Co., Ltd., a civil engineering contractor based in Gifu Prefecture, through a board resolution on February 13, 2026. The acquisition is valued at approximately 332.96 million yen (including advisory fees) and is expected to close on March 2, 2026, to expand the company's business platform in the Tokai region and support regional SMEs.

OKAYA ELECTRIC INDUSTRIES CO.,LTD.

6926 · 岡谷電機産業株式会社

The company sold a portion of its investment securities (one listed equity security) on February 6, 2026, to reduce policy holdings and improve capital efficiency in accordance with the Corporate Governance Code. This transaction resulted in an investment securities gain of 178 million yen to be recorded as extraordinary profit in the fiscal year ending March 2026.

Remixpoint,inc.

3825 · 株式会社リミックスポイント

The company conducted a fair value revaluation of its business-use cryptocurrency assets held as of December 31, 2025, resulting in a decrease in reported sales. This revaluation for the third quarter cumulative period of fiscal year ending March 2026 resulted in a revenue reduction of 1,017 million yen on both consolidated and non-consolidated bases.

ASICS Corporation

7936 · 株式会社アシックス

Asics Corporation's Board of Directors resolved on February 13, 2026 to implement a performance-linked restricted stock compensation plan approved at the 71st Annual General Meeting on March 28, 2025. The plan will issue up to 218,132 shares to 2 directors and 15 executive officers, with awards contingent on achievement of performance metrics including consolidated operating profit, over a maximum total value of approximately ¥883.9 million. Shares will be restricted from transfer during employment and subject to forfeiture conditions based on performance and continued service.

ASICS Corporation

7936 · 株式会社アシックス

Asics Corporation announced the issuance of 29,876 shares of common stock through a restricted stock unit (RSU) program to non-resident executives and eligible employees of the Asics Group. The shares will be allocated at ¥4,052 per share (based on February 12, 2026 closing price), with a total estimated value of approximately ¥121.06 million, to be settled in March 2028 through in-kind contribution of monetary compensation rights.

ASICS Corporation

7936 · 株式会社アシックス

Asics Corporation issued 55,413 shares of common stock to 107 eligible employees (76 from parent company and 31 from subsidiary Asics Japan Co., Ltd.) through a restricted stock incentive program. The shares, valued at ¥224,533,476 total (¥4,052 per share), are subject to a transfer restriction period from March 27, 2026 to February 29, 2028, with vesting contingent on continued employment.

ASICS Corporation

7936 · 株式会社アシックス

Asics Corporation resolved to conduct a disposition of treasury shares on February 13, 2026, based on a performance-linked restricted stock allocation plan approved at the 71st Annual General Meeting of Shareholders on March 28, 2025. The company will allocate 178,678 ordinary shares at a price of 4,052 yen per share (total value: 724,003,256 yen) to 2 directors and 12 executive officers through in-kind contribution using monetary compensation receivables.

CERES INC.

3696 · 株式会社セレス

The company recorded an impairment loss of 849 million yen on shares of its subsidiary Mercury Inc., which operates the cryptocurrency exchange CoinTrade. The impairment was necessitated by the subsidiary's net loss in the current period, resulting in a decline in its net asset value. The loss is recorded as a special loss in individual financial statements but will be eliminated in consolidated results.

BENEFIT JAPAN Co.,Ltd.

3934 · 株式会社ベネフィットジャパン

Benefit Japan Corp. issued the 4th series of stock acquisition rights (新株予約権) to directors, employees, and subsidiary directors through board resolution on February 12, 2026. The company is issuing 605 warrants at ¥5,500 per warrant, with an exercise price of ¥1,996 per share (TSE closing price on Feb 10, 2026), with a total issuance value of ¥124,085,500.

譬ェ蠑丈シ夂、セ繝輔�シ繝舌�シ繝悶Ξ繧、繝ウ

3927 · 株式会社フーバーブレイン

The company's board of directors resolved on February 13, 2026 to acquire Youth Planet Co., Ltd., a human resources staffing firm specializing in mid-career and new graduate talent placement, RPO (recruitment outsourcing), and consulting services. The acquisition is valued at approximately 230 million yen (204 million yen for stock plus 26 million yen in related costs) and is intended to strengthen the company's IT services business by internalizing and upgrading recruitment capabilities as part of its medium-term growth strategy.

Universal Entertainment Corporation

6425 · 株式会社ユニバーサルエンターテインメント

The company recognized a significant impairment loss of 229.1 billion yen on fixed assets as of December 2025, following a comprehensive review of future cash flow projections based on current business conditions and market outlook. Additionally, the company recorded affiliate company stock evaluation losses of 144.2 billion yen and doubtful debt allowance provisions of 21.1 billion yen in individual financial statements, though these are eliminated in consolidated results.

Roland Corporation

7944 · ローランド株式会社

The company recorded impairment losses on fixed assets of Drum Workshop, Inc. (acquired in October 2022) totaling 3,860 million yen in Q4 FY2025, primarily due to unfavorable US tariff policies and delayed synergy creation. Additionally, the company wrote off deferred tax assets of 1,803 million yen and recorded an equity valuation loss of 7,148 million yen on DW shares in individual financial statements.

Sony Financial Group Inc.

8729 · ソニーフィナンシャルグループ株式会社

Sony received dividend payments totaling 15.1 billion yen from three consolidated subsidiaries: Sony Life Insurance, Sony General Insurance, and Sony Bank, with payment scheduled for February 27, 2026. The dividend will be recorded as related company dividend income in the company's standalone financial statements for the fiscal year ending March 2026, with no impact on consolidated results.

Sony Financial Group Inc.

8729 · ソニーフィナンシャルグループ株式会社

Sony Financial Group introduced two equity compensation schemes effective February 13, 2026: a Performance Stock Unit (PSU) plan with 0-150% payout based on performance metrics, and a Restricted Stock Unit (RSU) plan with service-based vesting. The company will distribute up to 2,405,000 common shares (at maximum PSU performance achievement) valued at approximately ¥388.167 million to 23 executives and subsidiary directors.

Kumagaigumi Co.,Ltd.

1861 · 株式会社 熊谷組

The company's Board of Directors resolved on February 13, 2026, to transition the Representative Director (代表取締役). Okashii Koji will step down from the position of Representative Director and assume the role of Executive Vice President, effective June 26, 2026, following the conclusion of the ordinary general shareholders' meeting.

Sony Financial Group Inc.

8729 · ソニーフィナンシャルグループ株式会社

Sony Financial Group's board approved on February 13, 2026, the establishment of an employee stock ownership plan (ESOP) trust utilizing treasury stock disposal to provide equity incentives to approximately 1,300 eligible managers across the company and its subsidiaries. The company will allocate approximately 30.98 million shares (valued at approximately ¥5 billion at the February 12, 2026 closing price of ¥161.4 per share) to the ESOP trust, with share distribution to eligible employees contingent on meeting vesting requirements and continued employment.

Toyo Tire Corporation

5105 · TOYO TIRE株式会社

Toyo Tire's subsidiary Toyo Tire Serbia d.o.o. recognized impairment losses on fixed assets following a review of future plans based on current business conditions. Additionally, the company recorded an equity investment valuation loss of 13,437 million yen for Toyo Tire Holdings of Europe GmbH due to significant decline in its fair value, which is recognized as an extraordinary loss in individual financial statements for the fiscal year ended December 2025.

譬ェ蠑丈シ夂、セ繝吶Ν繝�繧ッ繧ケ繧ウ繝シ繝昴Ξ繝シ繧キ繝ァ繝ウ

5290 · 株式会社ベルテクスコーポレーション

The company's board of directors resolved on February 12, 2026 to transition leadership, with Yuzuru Yamamoto being promoted from Director to Representative Director and President effective April 1, 2026. Concurrently, Akihide Tsuchiya will transition from Representative Director President to Representative Director and Chairman CEO. Yoshito Tanaka will step down from Representative Director Chairman to Director.

KI-STAR REAL ESTATE CO.,LTD

3465 · ケイアイスター不動産株式会社

K.I STAR Real Estate Co., Ltd. resolved to issue 3,000 stock acquisition rights (warrants) to 6 directors with an issuance price of ¥41.5 million per unit (total ¥2.12 billion). The rights are exercisable from July 1, 2028 to March 1, 2036, contingent on achieving cumulative consolidated operating profit targets of ¥55-70 billion over fiscal years 2027-2028.

KU HOLDINGS CO.,LTD.

9856 · 株式会社ケーユーホールディングス

The company's board of directors approved an absorption merger on February 12, 2026, wherein Stern Setagaya K.K. will be the surviving company and Stern Nishi-Tama K.K. will be the dissolving company. Following the merger scheduled for April 1, 2026, Stern Nishi-Tama will cease to be a specified subsidiary of the parent company.

—

Entetsu (the filing company) has decided to transfer its hotel, lodging, and theme park business operations to its 100%-owned subsidiary Enttetsu Kanko Kaihatu Co., Ltd. through an absorption spin-off, effective April 1, 2026. The transaction aims to enhance business visibility and operational autonomy for the tourism business segment.

—

The company acquired all shares of Asahi Five Co., Ltd. to expand its textile business operations. This acquisition resulted in two Chinese subsidiaries held by Asahi Five (Hunan Asahi Five Underwear Co., Ltd. and Qingdao Asahi Five Underwear Co., Ltd.) becoming designated subsidiaries, as their combined investment exceeds 10% of the company's capital.

BESTERRA CO., LTD

1433 · ベステラ株式会社

Yoshinori Yoshino ceased to be a major shareholder of the company as his voting rights decreased from 10.43% to 9.87% as of January 31, 2026. The company filed this extraordinary report as required by the Financial Instruments and Exchange Act Article 24-5(4) to disclose the change in major shareholders below the reporting threshold.

—

The company's Board of Directors approved on February 12, 2026, the listing of American Depositary Shares (ADS) on the Nasdaq Global Select Market, with each ADS representing one ordinary share. The offering includes both new share issuance and secondary offering by existing shareholders, with pricing and share quantity to be determined during the bookbuilding process between March and August 2026.

SUNWELS Co.,Ltd.

9229 · 株式会社サンウェルズ

The company received a 1,000 million yen donation from its CEO and representative director, Ryotatsu Naoshiro, to strengthen its financial base. This follows significant losses (925 million yen net loss in FY2025 and 2,055 million yen quarterly loss in Q3 FY2026) resulting from compliance corrections in the home nursing care business and subsequent operational restructuring. The donation will be recorded as extraordinary income in the FY2026 financial statements.

Neural Group Inc.

4056 · ニューラルポケット株式会社

The company decided via board resolution on February 12, 2026, to acquire 100% of the shares of two subsidiaries: Pomato Pro Inc. (Tokyo-based event planning company) and Cactus Inc. (Osaka-based event/promotion company). The acquisitions are scheduled to close on February 28, 2026 and April 1, 2026 respectively, with the goal of accelerating AI technology development and solutions in the entertainment sector.

ALLIED TELESIS HOLDINGS K.K.

6835 · アライドテレシスホールディングス株式会社

Allied Telesis Holdings issued 17,000 stock acquisition rights (新株予約権) to 14 employees and directors of the company and its subsidiaries on February 26, 2026. Each warrant grants the right to acquire 100 common shares at an exercise price of 376 yen per share, with an exercise period from February 15, 2028 to February 12, 2036. The total capital increase potential is approximately 1.7 million shares.

Jibannet Holdings Co., Ltd.

6072 · 地盤ネットホールディングス株式会社

On February 12, 2026, the subsidiary House Warranty reversed previously recorded damage compensation reserves due to the execution of a new insurance contract on December 31, 2025, which eliminated future loss risks. This accounting adjustment resulted in special gains of ¥246.7 million offset by ¥66.1 million in insurance cancellation losses from the prior contract. The net effect has minimal impact on cash flows as it involves only accounting adjustments with no new cash outflows or inflows.

SAKATA INX CORPORATION

4633 · サカタインクス株式会社

Sakata Inx K.K. approved an absorption-type company split on February 12, 2026, whereby it will transfer its printing ink and functional materials businesses to its 100% subsidiary Sakata Inx Bunkatsu Junbi K.K., with the transaction becoming effective January 1, 2027. Following the split, the parent company will change its name to INX Holdings K.K. and operate as a pure holding company to strengthen global consolidated management and optimize resource allocation.

RIZAP GROUP,Inc.

2928 · RIZAPグループ株式会社

The company's equity-method accounted associate, Bitcoin Japan Co., Ltd. (formerly Horita Marusei Co., Ltd.), had all dispatched company officers resign at a shareholders meeting on November 11, 2025. As a result, Bitcoin Japan no longer qualifies as an equity-method accounted associated company. The discontinuation resulted in a remeasurement gain of ¥3,140 million on Bitcoin Japan shares, recorded as other income in Q3 FY2026.