📋 Material Events 1086

KUREHA CORPORATION

4023 · 株式会社クレハ

The company's Board of Directors resolved on January 29, 2026 to change its representative directors effective April 1, 2026. Katsuhiro Natake will be promoted from Vice President (取締役副社長) to President and CEO (代表取締役社長 兼 CEO), while incumbent President Toyoshi Kobayashi will transition to Chairman (代表取締役会長).

SANKI ENGINEERING CO.,LTD.

1961 · 三機工業株式会社

The company's board of directors resolved on January 29, 2026 to implement executive changes effective April 1, 2026. Nagoya Kazuhiro will transition from Senior Managing Executive Officer to President and Representative Director, while current President Ishida Hirokazu will become Chairman and Representative Director. Hasegawa Tsutomu will retire as Chairman and Representative Director, remaining only as Director.

NIPPON FILCON CO.,LTD.

5942 · 日本フイルコン株式会社

The company's audit firm will be changed from Deloitte Touche Tohmatsu (有限責任監査法人トーマツ) to RSM Seiwa Audit Corporation (RSM清和監査法人) effective February 25, 2026, following the 126th Annual General Meeting of Shareholders. The change is motivated by the long tenure of the current auditor, increasing audit costs relative to company size, and to optimize audit resources and independence.

KAJIMA CORPORATION

1812 · 鹿島建設株式会社

On January 23, 2026, Hiromasa Amano, the Representative Director and President, passed away. On January 27, 2026, Shiiichi Oshimi, the former Representative Director and Chairman, assumed the position of Representative Director and Chairman concurrent with President.

Hulic Co.,Ltd.

3003 · ヒューリック株式会社

The company has decided to acquire Godo Kaisha Hamakaze Property as a specified subsidiary by investing in an anonymous partnership (匿名組合) where this company serves as the operator. The investment amount is planned at 26.5 billion yen, and the transaction is scheduled to be completed on February 26, 2026.

Hulic Co.,Ltd.

3003 · ヒューリック株式会社

The company entered into a syndicated loan agreement with multiple city banks on June 25, 2025, for 173.5 billion yen with a repayment deadline of June 30, 2032. The loan includes two financial covenants: consolidated operating profit must not be negative for two consecutive fiscal years, and consolidated net assets must not fall below 75% of the prior fiscal year-end level.

OXIDE Corporation

6521 · 株式会社オキサイド

The company decided on January 28, 2026 to divest all shares and loan receivables of its consolidated subsidiary Raicol Crystals Ltd. (Israel-based optical crystal manufacturer) to an investment partnership led by the company's current management. The divestiture is structured as a Management Buy-Out (MBO) scheduled for completion on February 15, 2026, and is expected to result in a one-time special loss of approximately 1,700 million yen.

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Morgan Stanley US High Yield Bond Fund (monthly settlement type) filed an extraordinary report disclosing trust asset calculation documents for three consecutive calculation periods (64th-66th). The report provides period-end net asset values, unit prices, distribution amounts, and performance metrics for both hedged and unhedged fund variants.

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One Sekai Bunsan Select investment trust reports period 44 (Nov 18, 2025 - Jan 15, 2026) distribution and performance results for B and C courses. B course distributed 45 yen per 10,000 units with 2.57% period return, while C course distributed 85 yen per 10,000 units with 4.02% period return.

OutlookConsulting Co., Ltd.

5596 · アウトルックコンサルティング株式会社

MoneyForward Consulting Co., Ltd., which became a special controlling shareholder owning 93.95% of the company through a tender offer, has issued a share and warrant purchase request (squeeze-out) to acquire all remaining shares and warrants from minority shareholders and warrant holders. The board approved this request on January 28, 2026, with an acquisition date set for February 27, 2026.

GALA INCORPORATED

4777 · 株式会社ガーラ

The company's Board of Auditors resolved on January 28, 2026 to change its audit firm. The incumbent auditor, Ks Lab. Audit Corporation, will retire upon completion of its term at the 33rd Annual General Meeting of Shareholders scheduled for March 28, 2026. Aoi Audit Corporation has been selected as the new auditor, determined to be most suitable based on professional expertise, independence, quality management systems, audit capabilities, and fee reasonableness.

Yodogawa Steel Works,Ltd.

5451 · 株式会社淀川製鋼所

The company and its consolidated subsidiary Sheng Yu Co., Ltd. have agreed to divest all or part of their equity stake in Yodogawa Shengyu (Hefei) High-tech Steel Plate Co., Ltd. to Shanghai Qinheng International Trade Co., Ltd. Following the divestiture scheduled for June 2026, the Chinese subsidiary will no longer be classified as a consolidated subsidiary, with the company's ownership stake reducing from 100% to 5%.

IKUYO CO.,LTD.

7273 · 株式会社イクヨ

Ikuyo Co., Ltd. approved the distribution of 140,000 treasury shares to 3 inside directors (excluding outside directors) at a price of 771 yen per share under a newly adopted restricted stock compensation system. The shares have a transfer restriction period from February 26, 2026 to February 25, 2027, with restrictions released upon satisfaction of continued employment conditions. Total transaction value is approximately 107.94 million yen.

FUKOKU CO.,LTD.

5185 · 株式会社フコク

The company and its consolidated subsidiary Korea Fukoku Co., Ltd. established FKC America, Inc. in Virginia, USA on December 15, 2025, for manufacturing and selling industrial rubber products. Following capital contributions by the parent company and Korea Fukoku on January 28, 2026, FKC America became a specified subsidiary with the parent company holding 90% voting rights (60% direct, 40% indirect).

Life Intelligent Enterprise Co.,Ltd.

5856 · 株式会社エルアイイーエイチ

The company's board of directors resolved on January 28, 2026 to transfer all shares of Phoenix Entertainment Tours Co., Ltd., a travel agency subsidiary, as part of a strategic portfolio restructuring. The divestiture is planned for mid-March 2026 and reflects management's decision to exit the travel business segment to improve operational efficiency and enhance governance.

Yamaha Motor Co., Ltd.

7272 · ヤマハ発動機株式会社

Yamaha Motor announced on January 28, 2026 that its subsidiary Yamaha Motor India Sales Private Limited will be absorbed and merged into India Yamaha Motor Private Limited (another consolidated subsidiary). Upon completion of this merger, Yamaha Motor India Sales Private Limited will cease to be a specified subsidiary of the company.

Hokuetsu Corporation

3865 · 北越コーポレーション株式会社

The company's Board of Directors resolved on January 27, 2026, to appoint Shigeru Wakamoto as Representative Director and President (CEO) and Chief Operating Officer (COO), effective April 1, 2026. Wakamoto transitions from his current position as Executive Vice President and Niigata Factory Director, bringing over 44 years of service including extensive experience in production technology and plant management.

STAR MICRONICS CO.,LTD.

7718 · スター精密株式会社

The company is conducting a tender offer by Solsticia Inc. to take the company private, with the acquirer holding 51.12% of voting rights (24,789,003 shares) as of January 6, 2026. A stock consolidation is planned to be voted on at an extraordinary general meeting scheduled for February 26, 2026, as part of the broader going-private transaction supported by Taiyo Pacific Partners.

Tobila Systems Inc.

4441 · トビラシステムズ株式会社

Tobira Systems approved the distribution of 163,400 treasury shares to directors, executive officers, and employees under two restricted stock award programs. The allocation includes 22,500 shares to 3 directors (granted without compensation), and 140,900 shares to 4 executive officers and 90 employees (funded by monetary claims totaling ¥176,829,500). The shares carry transfer restrictions of 3 years (performance-conditioned tranche) and 1 year (vesting-conditioned tranche).

ValueCommerce Co., Ltd.

2491 · バリューコマース株式会社

The company recorded special losses totaling 1,028 million yen due to impairment of fixed assets (tools, equipment, and software) in the consolidated financial statements for the fiscal year ending December 2025. Additionally, the company recognized 298 million yen in equity method investment losses and 137 million yen in loan loss provisions related to affiliated companies, along with a 229 million yen deferred tax asset write-down.

POVAL KOGYO CO.,LTD.

4247 · ポバール興業株式会社

Pobaru Kogyo Co., Ltd. (the surviving company) will execute an absorption merger with Nissin Seisakusho Co., Ltd. (the acquired company) as a subsidiary consolidation. The merger was approved by the board of directors on January 21, 2026, and is scheduled to be completed on April 1, 2026. As a result, Nissin Seisakusho Co., Ltd. will cease to be a subsidiary of the reporting company.

NIHONWASOU HOLDINGS,INC.

2499 · 日本和装ホールディングス株式会社

Nichikure Co., Ltd., a consolidated subsidiary, entered into a loan agreement with a commitment line facility of up to 500 million yen with a major city bank. The agreement includes a financial covenant requiring the subsidiary to maintain net assets at 80% or more of the prior year-end level as of each fiscal year-end.

MURAKI CORPORATION

7477 · ムラキ株式会社

The company reports a change in its major shareholders as of January 27, 2026. IKUYO Corporation (株式会社イクヨ) became a major shareholder with 2,500 voting rights (17.01% of total voting rights), while CYGNUS LLC (合同会社ＣＹＧＮＵＳ) ceased to be a major shareholder, relinquishing its 2,500 voting rights (17.01% stake).

KOMORI CORPORATION

6349 · 株式会社小森コーポレーション

Brandes Investment Partners, L.P., a major shareholder, reduced its shareholding from 54,248 shares (10.15%) to 48,314 shares (9.04%) as of January 19, 2026, falling below the 10% major shareholder threshold. This change is reported pursuant to the Financial Instruments and Exchange Act Article 24-5(4) and Cabinet Office Ordinance requirements for disclosure of corporate information.

ASIRO Inc.

7378 · 株式会社アシロ

Asset Value Investors Limited has become the new principal shareholder and major shareholder of the company, increasing its voting rights from 25.61% to 26.73% as of January 19, 2026. Simultaneously, Hirotaka Nakayama ceased to be the principal shareholder, though he retained his 25.72% voting stake. This change was reported pursuant to the Financial Instruments and Exchange Act Article 24-5(4).

YAMATO HOLDINGS CO.,LTD.

9064 · ヤマトホールディングス株式会社

Yamato Holdings announced a change in representative director leadership. Toshiyuki Sakurai will become the new Representative Director and President, while Toshikura Kurisu will transition from Representative Director to Chairman of the Board. The changes are scheduled to be formally approved at the 161st Ordinary General Meeting of Shareholders in June 2026.

Takasago Thermal Engineering Co., Ltd.

1969 · 高砂熱学工業株式会社

The company's Board of Directors resolved on January 22, 2026 to appoint Koji Kubota as the new Representative Director (代表取締役) effective April 1, 2026. Kubota, born August 14, 1961, will transition from his current position as Vice President Executive Officer and Director, bringing extensive operational experience including leadership of the Sales Division and R&D operations.

HANWA CO.,LTD.

8078 · 阪和興業株式会社

The company's Board of Directors resolved on January 27, 2026, to modify the position of Representative Director Yamamoto Hiroyuki. Yamamoto will transition from Representative Director Vice President Executive Officer to Director Vice President Executive Officer, effective March 31, 2026, while remaining on the board.

Nakanihon KOGYO CO.,Ltd.

9643 · 中日本興業株式会社

The company announced a management transition effective April 1, 2025, approved at an extraordinary board meeting on January 27, 2025. Toru Hattori transitions from Representative Director and President to Representative Director and Chairman, while Yoshiharu Takada is promoted from Executive Managing Director to Representative Director and President.

ITO EN,LTD.

2593 · 株式会社伊藤園

The company is recognizing an impairment loss of 11,827 million yen in Q3 FY2026 following a reorganization of its vending machine business. The impairment was triggered by a significant deterioration in the vending machine business environment, characterized by rising costs and declining sales volumes, which prompted a revision of the impairment accounting grouping methodology.

BrainPad Inc.

3655 · 株式会社ブレインパッド

The company is subject to a public tender offer by Fujitsu Corporation for its shares. As a result, the company will record advisory fees, legal fees, and other related costs totaling ¥716 million as special losses in the fiscal year ending June 2026.

BrainPad Inc.

3655 · 株式会社ブレインパッド

{ "event_category": "M&A - Acquisition", "event_subcategory": "Going Private / Delisting via Tender Offer and Squeeze-Out", "summary_en": "The company's board of directors on January 27, 2026 resolved to convene an extraordinary shareholders' meeting scheduled for February 26, 2026 to approve a stock consolidation (株式併合) as part of a larger transaction. Fujitsu Corporation completed a tender offer acquiring 18,044,811 shares (86.30% ownership) at ¥2,706 per share as of December 22, 2025, w

TORQ Inc.

8077 · トルク株式会社

Kobax Corporation, a consolidated subsidiary of the reporting company, received service of a lawsuit filed by Toda Construction Co., Ltd. on January 23, 2026 in the Tokyo District Court. The lawsuit seeks damages of approximately ¥14.03 billion for unspecified claims.

FELISSIMO CORPORATION

3396 · 株式会社フェリシモ

Yuzaki Mari was appointed as new Representative Director and Senior Managing Director (代表取締役専務) effective January 27, 2026, as decided by the Board of Directors meeting on the same date. She transitions from her previous role as Senior Managing Director and Cluster Headquarters Director, bringing extensive experience from her 18-year tenure at the company since 2008.

FRONTEO,Inc.

2158 · 株式会社FRONTEO

The company executed two commitment line agreements totaling 2,750 million yen on January 27, 2026, to support its Life Science AI business growth strategy. The primary syndicated facility of 2,450 million yen arranged by Mitsubishi UFJ Bank will refinance existing 1,750 million yen debt, with new borrowing of 2,050 million yen implemented on January 30, 2026. Both facilities include financial covenants requiring maintenance of equity at 75% of prior year levels and avoidance of two consecutive periods of ordinary loss.

譬ェ蠑丈シ夂、セ繝輔か繝シ繝ゥ繝繧ィ繝ウ繧ク繝九い繝ェ繝ウ繧ー

7088 · 株式会社フォーラムエンジニアリング

KKR (via subsidiary KJ003) is acquiring the company through a two-stage process: an initial public tender offer at 1,710 yen per share completed in December 2025, followed by a planned squeeze-out involving share consolidation (1 share per 9,920,420 shares) and forced acquisition of remaining minority shares to achieve 100% ownership.

LOGOS HOLDINGS INC.

205A · 株式会社ロゴスホールディングス

Chicken Sheep Co., Ltd. (株式会社チキンシープ) increased its ownership stake in the reporting company from 7.80% to 10.67%, crossing a significant threshold and becoming a major shareholder. The change occurred on January 22, 2026, involving an increase of 1,125 voting rights.

Osaki Electric Co.,Ltd.

6644 · 大崎電気工業株式会社

The company decided to withdraw from the Middle East and Africa regional segment within its overseas measurement and control business division. As a result, the company will record a business withdrawal loss of 2,040 million yen as an extraordinary loss in its consolidated financial results for the fiscal year ending March 2026.

V-cube, Inc.

3681 · 株式会社ブイキューブ

The company's board of directors resolved on January 27, 2026 to dissolve and liquidate its consolidated subsidiary Teleqb Inc., which operates individual booth-type workspaces. The liquidation is scheduled to be completed on May 29, 2026, and is being reported as the subsidiary qualifies as a specified subsidiary under the Financial Instruments and Exchange Act.

PACIFIC INDUSTRIAL CO.,LTD.

7250 · 太平洋工業株式会社

株式会社CORE completed a tender offer for the company's ordinary shares and warrant rights during the period from July 28, 2025 to January 26, 2026, resulting in CORE acquiring 31,938,413 shares and becoming the new parent company with 55.26% voting rights as of February 2, 2026. The tender offer exceeded the minimum purchase threshold and will result in a change of control and major shareholder composition.

KYOWA ELECTRONIC INSTRUMENTS CO.,LTD.

6853 · 株式会社共和電業

Kyowa Electric Co., Ltd. resolved to distribute 250,200 treasury shares to 873 employees (513 parent company and 360 subsidiary employees) as compensation for their contributions during the company's 80th fiscal year anniversary. The shares will be allocated at 751 yen per share with a total value of 187,900,200 yen, funded through monetary claims granted to employees, with a 3-year transfer restriction period from June 1, 2026 to May 31, 2029.

Juroku Financial Group, Inc.

7380 · 株式会社十六フィナンシャルグループ

The company is establishing its status as a specific subsidiary by completing its investment in "Juroroku Management Succession Support No. 2 Investment Partnership" (a limited liability investment partnership). The total investment amount is 10 billion yen, which reaches 10% or more of the company's capital, thereby triggering the mandatory disclosure requirement under the Financial Instruments and Exchange Act.

FULLCAST HOLDINGS CO.,LTD.

4848 · 株式会社フルキャストホールディングス

The company resolved on January 22, 2026 to acquire 100% of the shares of RGF International Recruitment Holdings Limited, a Hong Kong-based global talent recruitment company, making it a subsidiary. This acquisition is strategic to establish 'full-time employee referral services' as the company's second pillar while leveraging RGF's expertise in high-class global recruitment across Asia and strong synergies with the acquiring company's domestic customer base.

Image Information Inc.

3803 · イメージ情報開発株式会社

The company's Board of Directors resolved on January 22, 2026 to change its representative director (CEO). Motomi Handa will transition from Director of Strategic Planning to Representative Director and President, while Takushi Dainaga will step down from Representative Director and President to become a regular Director.

PKSHA Technology, Inc.

3993 · 株式会社PKSHA Technology

The company resolved to acquire shares in X Capital Co., Ltd. on January 26, 2026, thereby making it a subsidiary. The company will own 6,902 voting shares representing 62.0% of total shareholder voting rights as of January 30, 2026, with plans to acquire remaining shares (100% stake) by December 2030.

SAKURASAKU PLUS,Co.,Ltd

7097 · 株式会社さくらさくプラス

The company announced a change in representative director effective February 28, 2026. Takashi Nakayama will succeed Yoshitaka Nishio as Representative Director and President. Nakayama has been with the company since 2017 as Executive Vice President and brings extensive experience from multiple subsidiary leadership roles.

BBD Initiative Inc.

5259 · BBDイニシアティブ株式会社

The reporting company has decided to conduct an absorption merger with Headwaters Inc. (株式会社ヘッドウォータース), with Headwaters as the surviving company and the reporting company as the absorbed company, effective May 1, 2026. The merger aims to integrate management operations on equal footing to create AI-driven solutions and accelerate digital transformation initiatives. The merger ratio is set at 0.50 shares of Headwaters for each 1 share of the reporting company.

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This extraordinary report discloses the trust property calculations and performance metrics for five courses of the US High-Yield Bond Fund for three consecutive calculation periods (193rd-195th) ending January 13, 2026. The report presents distribution amounts, total net assets, unit counts, benchmark prices, and period-over-period performance rates across JPY, USD, AUD, ZAR, and BRL denominated courses.

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Loomis Global Bond Fund (monthly settlement type) filed an extraordinary report disclosing trust asset calculation documents for three consecutive calculation periods (225-227) covering October 2025 through January 2026. The report shows fund performance metrics including net asset value totaling approximately 1.47 billion yen, unit prices ranging from 7,421 to 7,670 yen per 10,000 units, and consistent monthly distributions of 5 yen per unit.

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{ "event_category": "Financial - Earnings Revision", "event_subcategory": "Fund Performance Report - Distribution and NAV Disclosure", "summary_en": "MHAM 6 Asset Balance Fund (MHAM6資産バランスファンド) released its 118th calculation period report for the period from November 13, 2025 to January 13, 2026. The fund distributed 30 yen per 10,000 units and reported a period-over-period performance gain of 3.17%, with an end-of-period NAV of 10,836 yen per 10,000 units.", "counterparty": null, "amo