📋 Material Events 1086

Arent Inc.

5254 · 株式会社Arent

The company completed an absorption merger with its wholly-owned subsidiary PlantStream on October 1, 2025, with the company as the surviving entity. Following a careful review of the tax carryforward losses and future deductible temporary differences inherited from PlantStream, the company recognized a deferred tax asset and tax adjustment gain of 1,002 million yen in the second quarter of the fiscal year ending June 2026.

RIZAP GROUP,Inc.

2928 · RIZAPグループ株式会社

The company sold all 9,245,300 shares of Bitcoin Japan Corporation (formerly Hotta Marusei Corporation) that it held on an exchange market between November 14 and December 29, 2025. The sale resulted in a special gain of 1,240 million yen recorded in the fiscal year ending March 2026.

Lion Corporation

4912 · ライオン株式会社

The company has decided to divest all shares of its consolidated subsidiaries Lion Specialty Chemicals Co., Ltd. (LSC) and PT. IPPOSHA INDONESIA (IPI) to a special purpose company (AP88) established by a fund managed by Advantage Partners. The divestiture is expected to generate a gain on sale of subsidiary shares of approximately 15,953 million yen in the interim consolidated financial results for the six months ending June 30, 2026.

EDP Corporation

7794 · 株式会社イーディーピー

The company recognized impairment losses on fixed assets totaling 1,065 million yen (consolidated) and 1,001 million yen (non-consolidated) in Q3 of fiscal year ending March 2026, due to changes in business environment. These impairment losses were recorded as extraordinary losses in the quarterly financial statements.

Jibannet Holdings Co., Ltd.

6072 · 地盤ネットホールディングス株式会社

Major shareholder Yamamoto Tsuyoshi sold a portion of his shareholdings in the company to Kaihou Inc. on February 9, 2026, via off-exchange trading on Tokyo Stock Exchange. His ownership stake decreased from 12.83% (2nd largest shareholder) to 3.05% (3rd largest shareholder), a reduction of 2,192,800 shares.

KITZ CORPORATION

6498 · 株式会社キッツ

The company's audit committee decided to change its certified public accountant firm effective March 26, 2026. EY Shin-Nihon LLC, which has served as the company's auditor since 1976, will be replaced by Azusa Audit Corporation due to the lengthy audit tenure. The change will be submitted to shareholders for approval at the 112th Annual General Meeting of Shareholders scheduled for March 26, 2026.

Visual Processing Japan Co., Ltd.

334A · 株式会社ビジュアル・プロセッシング・ジャパン

The company will replace its accounting auditor from Futaba Audit Corporation to Kanade Audit Corporation effective March 26, 2026. The change follows the company's decision to transition to an Audit Committee-established company structure and reflects the completion of a five-year audit period, combined with considerations of business expansion and future M&A possibilities.

VIA Holdings,Inc.

7918 · 株式会社ヴィア・ホールディングス

The company recognized special losses totaling 123 million yen in Q3 FY2026 related to store renovations, closures, and impairment charges. The losses include impairment losses of 90 million yen from closing 8 stores and deciding to close 9 underperforming stores, plus fixed asset disposal losses and closure provisions.

Bengo4.com,Inc.

6027 · 弁護士ドットコム株式会社

The company resolved to acquire 100% of the shares of Japan Legal Network Co., Ltd. and make it a subsidiary effective April 1, 2026. This acquisition will also result in ATE Corporation, currently a wholly-owned subsidiary of Japan Legal Network, becoming a consolidated subsidiary (grandchild company) of the reporting company. The filing is submitted under the Financial Instruments and Exchange Act Article 24-5(4) as this involves a material change in specified subsidiaries.

Bengo4.com,Inc.

6027 · 弁護士ドットコム株式会社

The company decided on February 12, 2026 to acquire a majority stake in Mikata Shohin Tanjiki Hoken K.K., a leading legal expense insurance provider, for up to ¥2,955 million. The acquisition aims to leverage Mikata's expertise in lawyer insurance to expand legal access services and address Japan's '20% Justice' problem through synergies in customer base, product development, and AI technology integration.

ExaWizards Inc.

4259 · 株式会社エクサウィザーズ

ExaWizards has decided to transfer its HR Tech business to its wholly-owned subsidiary Exa Enterprise AI through an absorption-type company split effective April 1, 2026. The transfer is conducted as a no-consideration split to optimize organizational structure and accelerate business development by consolidating AI Transformation (AX) capabilities and HR Tech services under unified management.

Hokkaido Electric Power Company, Incorporated

9509 · 北海道電力株式会社

Hokkaido Electric Power Company resolved to issue 40 billion yen of euro yen-denominated convertible bonds with subscription rights (2031 maturity) to investors in European and Asian markets (excluding the US). The bonds are zero-coupon with a 102.5% issue price, convertible into ordinary shares with an initial conversion price set at or above the closing price on the underwriting agreement date. Proceeds of approximately 39.87 billion yen will be allocated toward acquiring gas business assets from Japan Petroleum Exploration and investment in hydrogen, ammonia, and carbon capture technologies by March 2028.

AXEL MARK INC.

3624 · アクセルマーク株式会社

The company recorded a 36 million yen special loss from early redemption of convertible bonds issued in April 2021, and an additional 25 million yen loan loss provision for loans to subsidiary Axel Medica Co., Ltd. The loan loss provision is eliminated in consolidated accounting and does not impact consolidated earnings.

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6740 · 株式会社ジャパンディスプレイ

The company reported multiple material accounting adjustments in Q3 FY2026 (ended February 12, 2026) stemming from the closure of its Mobara factory and changes in business environment. These include recognition of impairment losses on fixed assets, investment securities valuation losses, offset partially by gains on raw material sales, special gains from customer deposit reversals, and reversal of restructuring costs.

CENTRAL SECURITY PATROLS CO.,LTD.

9740 · セントラル警備保障株式会社

The company has settled a damages lawsuit filed by Kyoshin Manufacturing Co., Ltd. on April 26, 2024, which alleged unlawful conduct and breach of contract. Under the settlement agreement dated February 12, 2026, the company will pay 450 million yen to Kyoshin Manufacturing, and both parties have confirmed no further claims exist between them.

AltPlusInc.

3672 · 株式会社オルトプラス

The company recorded an impairment loss of ¥63,896 thousand on minimum guarantee fees paid to the developer of 'Forget the Eve' (忘却前夜) game. The write-down was necessary as actual sales performance fell significantly below initial projections, making it unlikely that the minimum guarantee fees will be fully consumed.

FUJITA KANKO INC.

9722 · 藤田観光株式会社

The company sold a portion of its investment securities held in DOWA Holdings Co., Ltd. on February 12, 2026. This transaction resulted in an investment securities sale gain of 5,999 million yen, which will be recorded as extraordinary income in the first quarter consolidated and non-consolidated financial statements for the fiscal year ending December 2026.

KUBOTA CORPORATION

6326 · 株式会社 クボタ

Kubota Corporation's Board of Directors approved a restricted stock award program for 50 executive officers and above, distributing 280,000 treasury shares (283,972 shares including existing trust holdings) valued at approximately ¥767.76 million through Sumitomo Mitsui Trust Bank. The shares are subject to transfer restrictions during employment tenure and a point-based vesting system with performance conditions.

Amazia, inc.

4424 · 株式会社Amazia

The company resolved to acquire all shares of Reedex Corporation (株式会社リーデックス) to make it a wholly-owned subsidiary, effective March 31, 2026. This acquisition is part of the company's diversification strategy to leverage Reedex's established customer base in the SES and custom development business, complementing the SES business operations launched in March 2024. The total acquisition cost is approximately 567 million yen, with Reedex's pure assets representing over 30% of the company's pure assets, making it a specified subsidiary.

Japan Business Systems, Inc.

5036 · 日本ビジネスシステムズ株式会社

Japan Business Systems Inc. has decided to dispose of 300,000 treasury shares at 1,586 yen per share (total 475.8 million yen) to establish a Board Incentive Plan (BIP) trust. The shares will be used to provide equity-linked compensation to eligible executives, aligning their interests with shareholder returns and promoting medium-to-long-term business performance.

Mitsubishi Estate Company, Limited

8802 · 三菱地所株式会社

The company's Board of Directors resolved on February 10, 2026, to change its representative director effective April 1, 2026. Shoji Miyajima will become the new Representative Executive Officer (代表執行役), succeeding Yuji Fujioka who will transition to Executive Vice President. Miyajima brings extensive experience from his tenure as President of Mitsubishi Jisho Residences, Inc.

ESPEC CORP.

6859 · エスペック株式会社

Espec Corporation's Board of Directors approved the establishment of a J-ESOP (Japanese Employee Stock Ownership Plan) trust-based system and the disposition of 99,800 treasury shares to fund employee stock grants. The shares, priced at ¥3,945 per share (based on February 10, 2026 TSE closing price), will be distributed to approximately 140 management-level employees based on their positions, company performance, and accumulated points, with a total value of ¥393.7 million.

SANYO SHOKAI LTD.

8011 · 株式会社三陽商会

Asset Value Investors Limited increased its shareholding in the company from 9.72% to 10.91% of voting rights as of January 30, 2026. This change in major shareholder composition is reported in accordance with the Financial Instruments and Exchange Act Article 24-5(4) and related cabinet office ordinances.

Marubeni Corporation

8002 · 丸紅株式会社

Marubeni Corporation will transfer a portion of its Energy and Chemical Division's business to its subsidiary Marubeni Chemicals K.K. through an absorption spin-off effective April 1, 2026. Marubeni Chemicals will subsequently merge with Marubeni Plax K.K., with the combined entity rebranding as Marubeni Innovexis K.K., consolidating salt trading, chlor-alkali, vinyl chloride, and inorganic chemical businesses.

Takashima & Co.,Ltd.

8007 · 高島株式会社

The company's board of directors approved a management succession on February 12, 2026. Akira Yamamoto will be promoted from Managing Executive Officer and CIO to Representative Director and President, effective June 23, 2026, pending shareholder approval. The current Representative Director and President Koichi Takashima will transition to Representative Director, Chairman, and CEO.

Fujiya Co.,Ltd

2211 · 株式会社不二家

On February 10, 2026, the company's Board of Directors resolved to change the position of Mikio Iijima from Vice Chairman (Director) to Representative Director and Chairman. Iijima brings extensive experience from Yamazaki Baking Co., Ltd. and Tohato Inc., where he has served in senior management roles including Representative Director positions.

YAMAURA CORPORATION

1780 · 株式会社 ヤマウラ

Yamawura Corporation has established an ESOP trust system to distribute 251,200 shares of company stock to eligible domestic employees over a 7-fiscal-year period (FY2026-FY2032). The company will dispose of treasury shares valued at approximately 396.1 million yen at 1,577 yen per share to Mitsubishi UFJ Trust Bank and Japan Master Trust Bank for trust management.

NIKON CORPORATION

7731 · 株式会社ニコン

The company announced a management restructuring effective April 1, 2026, involving three representative director transitions. Yasuhiro Omura will become Representative Director and President (from Executive Officer CEO), Shiakira Tokunari will become Representative Director and Chairman (from Representative Director and President Executive Officer COO), and Toshikazu Umatatsu will step down from Representative Director (remaining as Director).

Link and Motivation Inc.

2170 · 株式会社リンクアンドモチベーション

The company's Board of Directors resolved on February 12, 2026 to enter into a syndicated loan agreement with financial covenants. The facility is a 6 billion yen unsecured revolving credit line maturing September 30, 2032, arranged by Mizuho Bank with participation from major Japanese banks. The agreement includes an operating income covenant requiring consecutive two-year periods starting from December 2026 fiscal year-end to maintain non-negative operating profit.

robot home Inc.

1435 · 株式会社Robot Home

The company announced accounting adjustments for the fiscal year ending December 2025, including a reversal of debt guarantee loss provision of ¥291 million and recognition of deferred tax assets totaling ¥368 million in consolidated results and ¥414 million in individual results. These adjustments were made based on careful review of future business outlook and recoverability of deferred tax assets.

Nippon Koshuha Steel Co., Ltd.

5476 · 日本高周波鋼業株式会社

The company's Board approved a change in Representative Director (代表取締役社長) at an extraordinary shareholders meeting held on February 2, 2026. Motoshige Kishi (岸幹根) was appointed as the new Representative Director and President, replacing Daisuke Ogura (小椋大輔) who stepped down from the position.

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4414 · 株式会社フレクト

The company announced an impairment loss on equity investments in a related company (Carriot Co., Ltd.) due to delays in acquiring major contracts and variance from projected performance. The company expects to record a maximum impairment loss of 102 million yen as a special loss in Q4 of fiscal year ended March 2026.

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The Japan Policy Finance Corporation (日本政策金融公庫) resolved on February 10, 2026 to issue new ordinary shares totaling 12,246,215,000 shares across two business divisions. The capital injection of approximately 12.25 billion yen will be allocated to the Government of Japan through three ministers (Finance, Health and Welfare, and Economy, Trade and Industry) via paid-in capital stock allocation. The funds will be used to expand safety net lending rate reductions and support disaster recovery lending measures.

WILL,Co.,Ltd.

3241 · 株式会社ウィル

The company recognized a 222 million yen impairment loss on certain fixed assets (commercial facilities) held for its rental business operations, following careful review under the accounting standards for asset impairment. This impairment charge will be recorded as an extraordinary loss in the consolidated and individual financial statements for the fiscal year ended December 2025.

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Shinko Japan Income Stock Fund (3-Month Settlement Type) filed its 81st accounting period report covering October 29, 2025 to January 28, 2026. The fund distributed 70 yen per 10,000 units and reported a period-end NAV of 28,211 yen per 10,000 units with total assets of approximately 80.3 billion yen and a period return of 12.63%.

Newtech Co., Ltd.

6734 · 株式会社ニューテック

Sakusa Corporation completed a tender offer for the company's ordinary shares from December 19, 2025 to February 9, 2026, acquiring 1,815,103 shares. Upon settlement on February 17, 2026, Sakusa will become the parent company with 93.30% voting rights, exceeding the 50% threshold required for parent company status.

DMG MORI CO., LTD.

6141 · DMG森精機株式会社

DMG Mori Seiki resolved to distribute 1,829,500 treasury shares to 1,075 employees and executives across the company and its group subsidiaries under a restricted stock compensation plan. The shares are priced at 3,113 yen per share (subject to adjustment on February 18, 2026) with a total allocation value of approximately 5.7 billion yen. The restricted shares will vest over a five-year period ending December 21, 2031, with forfeiture provisions for early separation or misconduct.

HEIAN CEREMONY SERVICE CO.,LTD.

2344 · 平安レイサービス株式会社

The company announced a plan to implement a stock consolidation (株式併合) to convert from a publicly listed company to a privately held company. The founding family shareholders, who collectively own 64.29% of outstanding shares, will be the remaining shareholders after the consolidation, while other shareholders will receive fractional shares to be repurchased at ¥1,500 per share based on a court-approved valuation method.

Pharmarise Holdings Corporation

2796 · ファーマライズホールディングス株式会社

The company executed a 1.5 billion yen term loan agreement with Mizuho Bank on February 10, 2026, with a maturity date of February 13, 2029. The loan is secured by shares of three subsidiaries and includes financial covenants requiring the company to maintain consolidated shareholders' equity at 80% or above of the prior fiscal year level and maintain a consolidated EBITDA multiple not exceeding 10x.

DOWA HOLDINGS CO.,LTD.

5714 · DOWAホールディングス株式会社

The company's Board of Directors resolved on February 10, 2026 to divest a portion of shares in Fujita Kanko Co., Ltd., an equity method affiliate. The share sale is expected to generate approximately 34.0 billion yen in gains on sale of affiliate company shares (individual basis) and approximately 23.0 billion yen in gains on sale of investment securities (consolidated basis) in the fiscal year ending March 2026.

SAWAFUJI ELECTRIC CO.,LTD.

6901 · 澤藤電機株式会社

ARTS-4 Corporation completed a public tender offer for the company's ordinary shares from December 22, 2025 to February 9, 2026, acquiring 2,444,362 shares. Following settlement on February 17, 2026, ARTS-4 will become the parent company with 56.65% voting rights, and Japan Monozukuri Future Investment Limited Partnership (the parent of ARTS-4) will also become a parent company through indirect ownership.

NODA CORPORATION

7879 · 株式会社ノダ

The company announced receipt of a dividend payment of 528 million yen from its consolidated subsidiary Ishinomaki Plywood Industry Co., Ltd. on February 12, 2026. The dividend will be recorded as non-operating revenue in the individual financial statements for the fiscal year ending November 2026, with no impact on consolidated results.

Convano Inc.

6574 · 株式会社コンヴァノ

Convano Inc. resolved to issue 250,000 stock acquisition rights (新株予約権) to 58 directors and employees of the company and its subsidiaries. The rights have an issue price of ¥10 per unit, with each unit conferring the right to acquire 100 common shares at an exercise price of ¥124 per share, exercisable between July 1, 2032 and March 9, 2036, subject to performance conditions regarding adjusted operating profit and revenue targets through fiscal year 2032.

Integral Corporation

5842 · インテグラル株式会社

Integral Group Company announced a planned absorptive split (吸収分割) effective October 1, 2026, to transition to a group holding company structure. The company will split into two entities: one to manage Principal Investment Business and another to manage PE Investment Operations, each receiving newly issued shares from the parent company.

SAXA, Inc.

6675 · サクサホールディングス株式会社

The company entered into an unsecured loan agreement with Mitsubishi UFJ Bank on February 10, 2026, for 5.5 billion yen with a repayment deadline of February 16, 2027. The loan is subject to three financial covenants including minimum equity ratio requirements, operating profit thresholds, and a leverage ratio cap (debt-to-EBITDA not exceeding 7x).

KANDENKO CO.,LTD.

1942 · 株式会社関電工

Ueda Hiroshi, who currently serves as Representative Director and Vice President, will step down from the position of Representative Director on April 1, 2026, and transition to the role of Director. The change was approved at a Board of Directors meeting held on February 9, 2026.

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9348 · 株式会社ispace

The company is reporting a foreign exchange gain (為替差益) of 1,585 million yen for the third quarter of fiscal year ending March 2026 (October 1 - December 31, 2025), primarily from revaluation of foreign currency loans to consolidated subsidiaries at the quarter-end exchange rate. Combined with 505 million yen recognized in the second quarter, the cumulative foreign exchange gain for the nine-month period (April 1 - December 31, 2025) totals 2,091 million yen.

TSUKADA GLOBAL HOLDINGS Inc.

2418 · 株式会社ツカダ・グローバルホールディング

The company recognized an impairment loss of 2,571 million yen on investment securities held by its group. The valuation loss resulted from a careful review of the investee company's business performance and plans, which showed a significant decline in fair value compared to acquisition cost.

Shiseido Company, Limited

4911 · 株式会社資生堂

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Mitsubishi Estate Company, Limited

8802 · 三菱地所株式会社

The company reports that Nagoya Minato Development Specified Purpose Company (名古屋みなとデベロップメント特定目的会社), a special purpose company established under the Asset Securitization Law, will be dissolved and is ceasing to be a subsidiary. The dissolution resolution is scheduled for February 17, 2026, with the formal dissolution on March 2, 2026, followed by liquidation during fiscal 2026.