📋 Material Events 2113

kubell Co.,Ltd.

4448 · Chatwork株式会社

The company reversed a debt guarantee loss provision of ¥121 million related to subsidiary Kubell Partner Co., Ltd. for the fiscal year ended December 31, 2025, while simultaneously accruing an affiliate receivable impairment provision of ¥1,004 million for both Kubell Partner and Kubell Storage. These adjustments are reported as special gains and losses in individual financial statements but have no consolidated impact due to elimination entries.

AMIYA Corporation

4258 · 株式会社網屋

The company reports a material change in major shareholders. Canon Marketing Japan Co., Ltd. has become a new major shareholder and top shareholder, acquiring 11,950 voting rights (14.58% stake), while Chakuru Co., Ltd. has ceased to be a major shareholder, divesting its entire 23,296 voting rights (previously 27.41% stake). The ownership transition is scheduled to occur on February 19, 2026.

Ray Corporation

4317 · 株式会社レイ

The company's Board of Directors resolved on February 19, 2026 to change its Representative Director and President. Yoichi Isobe will assume the position of Representative Director and President effective March 1, 2026, replacing Shiro Wakebe who will transition to a non-representative Director role.

Next Generation Technology Group, Inc.

319A · 株式会社技術承継機構

The company's consolidated subsidiary NGTG18 has decided to acquire all issued shares of Osaki Dengyosha Co., Ltd., a manufacturer of electromagnetic clutches/brakes and slip rings, on February 19, 2026. The acquisition aligns with the parent company's mission as a serial acquirer of manufacturing companies to preserve and transfer advanced technologies to the next generation. Osaki Dengyosha will become a specific subsidiary with 100% voting rights ownership effective March 31, 2026.

Mitsubishi Logisnext Co., Ltd.

7105 · 三菱ロジスネクスト株式会社

LVJ Holdings 2 LLC has completed a tender offer for the company's ordinary shares and warrant securities during the period from January 21 to February 18, 2026, resulting in a change of major shareholders. LVJ Holdings 2 LLC acquired 180,893 voting rights (16.91% of total voting rights), becoming a new major shareholder with settlement scheduled for February 26, 2026.

YAMANO HOLDINGS CORPORATION

7571 · 株式会社ヤマノホールディングス

The company resolved to acquire all outstanding shares of Arknet Co., Ltd., an operator of 7 individual tutoring schools under the 'School IE' franchise in Tokyo, making it a wholly-owned subsidiary. This acquisition is part of the company's medium-term management plan 'Tsunageru 2027' to expand its education business segment and accelerate dominant market strategy in the Tokyo metropolitan area, which is identified as the most important domestic market for education services.

JINUSHI Co.,Ltd.

3252 · 地主株式会社

Jushi Corporation's Board of Directors approved the establishment of a J-ESOP (Japanese Employee Stock Ownership Plan) on February 19, 2026, to provide equity incentives to employees and enhance value sharing with shareholders. The company will allocate 750,000 treasury shares at ¥3,300 per share (total ¥2.475 billion) to a trust managed by Mizuho Trust Bank, which will distribute shares to eligible employees based on performance-linked points.

Osaki Electric Co.,Ltd.

6644 · 大崎電気工業株式会社

Osaaki Electric Industrial Company resolved to dispose of 198,000 treasury shares to the Osaaki Electric Industrial Group Employee Stock Ownership Association as restricted stock units under an employee incentive program. The shares will be distributed to approximately 1,800 eligible employees at 110 shares per person at a price of 1,574 yen per share, with a total value of approximately 311.65 million yen. The restricted shares will have a restriction period from July 1, 2026 to May 27, 2027, after which restrictions will be lifted for employees who remain continuous members of the stock ownership plan.

Newtech Co., Ltd.

6734 · 株式会社ニューテック

Sakusa Co., Ltd., as a special controlling shareholder, submitted a stock sell-out request on February 19, 2026, requiring all minority shareholders to sell their shares at ¥2,650 per share. The company's board approved this request, which aims to make the company a wholly-owned subsidiary of Sakusa following a prior public tender offer process.

Fureasu Co.,Ltd.

7062 · 株式会社フレアス

The company resolved to transfer all of its care services business to Sky Heart Co., Ltd., a consolidated subsidiary, effective April 1, 2026. This transfer is part of the group's strategy to optimize resource allocation, clarify profit/loss responsibilities, and establish a flexible organizational structure for future partnerships and M&A.

MATSUMOTO YUSHI-SEIYAKU CO.,LTD.

4365 · 松本油脂製薬株式会社

The company resolved at the board meeting held on February 16, 2026, to appoint Koji Kawahara as a new Representative Director (代表取締役専務). Kawahara will transition from his current position as Managing Director (専務取締役) in charge of Sales Headquarters and Export Division, effective April 1, 2026. He brings extensive experience from roles at Mitsubishi UFJ Bank, NICOS, NTN Corporation, and the company itself.

TPR CO .,LTD.

6463 · TPR株式会社

The company announced a planned CEO succession at its board meeting on February 13, 2026. Yamato Koji will transition from Executive Officer to Representative Director and President & COO in June 2026, replacing the retiring Yano Kazumi who will remain as a director. This is a scheduled leadership succession following Yamato's promotion to President & COO in April 2025.

MISUMI Group Inc.

9962 · 株式会社 ミスミグループ本社

MISUMI Group resolved to allocate 143,200 shares of common stock to 111 senior executives through treasury stock disposition as restricted share-based compensation. The shares are valued at ¥3,070 per share (total ¥439.624 million) and will be subject to a transfer restriction period until March 5, 2029, with automatic forfeiture if executives leave the company.

KOMATSU LTD.

6301 · 株式会社小松製作所

The company's Board of Directors resolved on February 16, 2026, to change its Representative Director (CEO) effective April 1, 2026. Taisuke Kusaba will assume the role of Representative Director and Senior Executive Officer, succeeding Ken Horikoshi who will transition to Director. Kusaba brings extensive experience in R&D and international operations, including tenure as President and COO of Komatsu America.

PostPrime Inc.

198A · PostPrime株式会社

The company announced a change in representative director (代表取締役) effective March 25, 2026. Satoru Matsushima will assume the position of Representative Director President, replacing Naoki Asami who will transition to Director status. This succession was resolved at the Board of Directors meeting held on February 18, 2026.

Commerce One Holdings Inc.

4496 · 株式会社コマースOneホールディングス

The company sold a portion of its investment securities (one security) between December 19-31, 2025, to improve asset efficiency and strengthen financial position in accordance with Corporate Governance Code requirements regarding policy-held stocks. The sale generated an investment securities gain of 75,326 thousand yen, which will be recorded in the third quarter of fiscal year ending March 2026.

PENTA-OCEAN CONSTRUCTION CO.,LTD.

1893 · 五洋建設株式会社

On February 19, 2026, the company's Board of Directors resolved a change in representative director status. Kazuya Ueda will step down from his position as Representative Director and Executive Vice President to become an Executive Officer Vice President, effective June 24, 2026. He will retain responsibility for the Civil Engineering Division sales operations.

BuySell Technologies Co.,Ltd.

7685 · 株式会社BuySell Technologies

BuySell Technologies will acquire the store retail business (店舗買取事業) of its wholly-owned subsidiary REGATE Corporation through an absorption-type company split effective April 1, 2026. The transaction aims to unify brand operations and streamline group management by consolidating the FUKU-CHAN store brand under the parent company's Baisell brand.

F.C.C.CO.,LTD.

7296 · 株式会社エフ・シー・シー

On February 18, 2026, the company received a dividend payment of $42.8 million (approximately ¥6.5 billion) from its consolidated subsidiary FCC (North America), INC. The dividend will be recorded as non-operating revenue in the individual financial statements for the fiscal year ending March 2026, with no material impact on consolidated earnings as it is intra-group.

TEAC CORPORATION

6803 · ティアック株式会社

The company completed the dissolution and liquidation procedures of its consolidated subsidiary TEAC UK LTD. (UK) on February 17, 2026. This resulted in the reversal of accumulated translation differences and recognition of approximately 322 million yen in gains from the subsidiary liquidation as a separate disclosure item in the consolidated financial statements for the fiscal year ending March 2026.

TEAC CORPORATION

6803 · ティアック株式会社

The company recognized a foreign exchange gain of 91 million yen (86 million yen on a standalone basis) in the third quarter cumulative period of fiscal year ending March 2026, resulting from fluctuations in exchange rates. This event materially impacts the company's and group's financial position, operating results, and cash flow.

G Three Holdings Corporation

3647 · 株式会社ジー・スリーホールディングス

Green Energy System Investment Business Limited Liability Partnership exercised its 11th tranche of stock acquisition rights, increasing its shareholding from 9.95% (20,300 voting rights) to 13.38% (28,370 voting rights) as of February 18, 2026. This exercise of warrants resulted in a change in the company's major shareholder composition.

Adastria Co., Ltd.

2685 · 株式会社アダストリア

On February 18, 2026, the company's Board of Directors resolved to modify the representative director position. Michio Fukuda (born July 10, 1946) will transition from Representative Director Chairman to Chairman (non-representative) effective March 1, 2026. This change was filed in accordance with the Financial Instruments and Exchange Act.

Anshin Guarantor Service Co.,Ltd.

7183 · あんしん保証株式会社

Amizaka Kou, an advisor (相談役) to the company and major shareholder, passed away on February 17, 2026, resulting in a material change in major shareholder composition. His voting rights decreased from 18,713 shares (10.78% of total shareholder voting rights) to zero, triggering the extraordinary report filing requirement.

Nihon Tokushu Toryo Co., Ltd.

4619 · 日本特殊塗料株式会社

Nippon Special Paint Co., Ltd. has established an Employee Stock Ownership Plan (ESOP) trust mechanism to allocate company shares and cash equivalents to eligible domestic employees over a 4-year period from fiscal year ending March 31, 2027 to fiscal year ending March 31, 2030. The company will dispose of 183,200 treasury shares valued at approximately ¥436.9 million to the trust, with allocation based on performance-adjusted point systems.

GMO TECH Holdings, Inc.

415A · GMO TECHホールディングス株式会社

GMO TECH Co., Ltd. (a consolidated subsidiary) will acquire all shares of Tri Hatch Inc. for approximately 642 million yen, approved by the board on February 17, 2026. Tri Hatch, which operates MEO and SaaS/web marketing services with about 70,000 store customers, will become a wholly-owned grandchild company and designated as a specified subsidiary due to its asset size relative to parent company capital.

KH Neochem Co.,Ltd.

4189 · KHネオケム株式会社

Strategic Capital Corporation (株式会社ストラテジックキャプタル) has increased its shareholding in the company from 8.31% to 11.55% of total voting rights, crossing a material threshold that triggers mandatory disclosure under the Financial Instruments and Exchange Act. The stake increase occurred on February 9, 2026, based on a large volume shareholding report filed with the Kanto Finance Bureau.

CAREER CO.,LTD

6198 · 株式会社キャリア

The company recognized a social insurance premium refund of 81 million yen in the first quarter of fiscal year 2026 (October 1, 2025 - December 31, 2025). The refund resulted from overpayment of social insurance contributions for registered temporary staffing employees. This amount was recorded as non-operating revenue and materially impacts the company's financial results.

Achilles Corporation

5142 · アキレス株式会社

The company entered into a syndicated loan agreement on February 18, 2026, arranged by Mizuho Bank for 5.4 billion yen with a maturity date of February 20, 2029. The loan is unsecured but includes financial covenants requiring the company to maintain consolidated and non-consolidated net assets at no less than 75% of the prior fiscal year-end level and to avoid consecutive operating losses over two consecutive fiscal periods.

Primo Global Holdings Co., Ltd.

367A · プリモグローバルホールディングス株式会社

The company received a dividend from its consolidated subsidiary Primo Japan Co., Ltd. on February 13, 2026, in the form of a loan receivable. The dividend will be recorded as received dividend income in the parent company's individual financial statements for the fiscal year ending August 2026, with no impact on consolidated results due to intercompany elimination.

NICHIREI CORPORATION

2871 · 株式会社ニチレイ

The company's Board of Directors resolved on February 17, 2026, to appoint Kazunori Shimamoto as the new Representative Director and President (CEO) effective April 1, 2026. Concurrently, the incumbent Representative Director and President Kenya Ookushi will transition to Representative Director and Chairman.

Sekisui Chemical Co.,Ltd.

4204 · 積水化学工業株式会社

The company's Board of Directors resolved on February 17, 2026 to change its representative director. Katoh Keita will transition from Representative Director President to Chairman of the Board effective March 1, 2026. Nishida Tatsuya will become the new Representative Director effective June 19, 2026, pending his election as a director at the 104th Annual General Meeting of Shareholders.

KOKUYO CO.,LTD.

7984 · コクヨ株式会社

Oasis Management Company Ltd. has become the new largest shareholder of the company, increasing its voting rights from 279,439 shares (6.57%) to 436,820 shares (10.28%) as of February 6, 2026. This change in major shareholder composition is reported pursuant to the Financial Instruments and Exchange Act Article 24-5(4) and related Cabinet Office ordinances.

SYSMEX CORPORATION

6869 · シスメックス株式会社

Sysmex Corporation announced a change in its Representative Director position effective April 1, 2026. Matsui Ishine will assume the role of Representative Director President, transitioning from his current position as Director and Senior Executive Officer, while incumbent Representative Director President Asano Kaoru will step down to become a Director.

TOIN CORPORATION

7923 · トーイン株式会社

CSRI 5-gou Corporation has successfully completed a tender offer for the company's ordinary shares from December 23, 2025 to February 16, 2026, acquiring 4,637,030 shares. Upon settlement on February 24, 2026, CSRI 5-gou will become the new parent company and major shareholder with 92.13% voting rights, while CSRI 4-gou Corporation (CSRI 5-gou's parent) will also become a parent company through indirect ownership.

Life Intelligent Enterprise Co.,Ltd.

5856 · 株式会社エルアイイーエイチ

A major shareholder, Toyohiko Yamaguchi, ceased to be a principal shareholder of the company as his voting rights decreased from 129,513 shares (11.88%) to 100,731 shares (9.24%) on January 29, 2026. This change falls below the threshold for classification as a major shareholder and is being reported in accordance with the Financial Instruments and Exchange Act Article 24-5(4).

Life Intelligent Enterprise Co.,Ltd.

5856 · 株式会社エルアイイーエイチ

The company resolved to absorb and merge two wholly-owned subsidiaries: Wits Co., Ltd. (education business) and Orion Capital Investment Co., Ltd. (insurance agency business) as of March 31, 2026. The merger aims to streamline dormant companies within the group, reduce management costs, and improve operational efficiency.

Nousouken Corporation

3541 · 株式会社農業総合研究所

SOMPO Light Vortex Co., Ltd. successfully completed a tender offer for the company's ordinary shares and stock options, acquiring 16,562,200 shares and 1,600 warrant certificates. Following settlement on February 24, 2026, SOMPO Light Vortex and its parent company SOMPO Holdings Co., Ltd. become the new parent company with 76.68% voting rights, replacing previous major shareholders Plenty Inc. and Japan Post Capital Co., Ltd.

SANKYO SEIKO CO.,LTD.

8018 · 三共生興株式会社

The company announced a change in representative director effective April 1, 2026. Tetsuji Miyazawa, currently serving as Senior Executive Officer, will be promoted to Representative Director and President (CEO), while the incumbent CEO Akira Inoue will transition to Representative Director and Chairman. This succession represents an internal promotion from within the company's leadership ranks.

Cominix Co.,Ltd.

3173 · 株式会社Cominix

The company announced a structural reform of its consolidated subsidiary Toshin Shokai Co., Ltd., aligned with the medium-term management plan. The reform includes optimization of order processing operations, logistics efficiency improvements, and product strategy review. The company expects to record 249 million yen in business restructuring costs and 461 million yen in related subsidiary stock impairment losses in the fiscal year ending March 2026.

Axelspace Holdings Corp.

402A · 株式会社アクセルスペースホールディングス

Axelspace Holdings decided to issue 7,000 stock warrants (新株予約権) as employee stock options to approximately 70 employees of the company and its subsidiaries. The warrants are exercisable from February 28, 2028 to February 27, 2036, with an exercise price based on the average closing price of the prior month plus a 5% premium. A total of 700,000 common shares can be acquired upon full exercise of all warrants.

Maxell, Ltd.

6810 · マクセル株式会社

The company entered into a loan agreement on February 17, 2026 with regional banks and cooperative financial institutions for 10 billion yen. The loan includes financial covenants requiring maintenance of consolidated equity at 75% of the prior period's level and prohibition of consecutive periods of operating losses.

Sumitomo Forestry Co.,Ltd.

1911 · 住友林業株式会社

Sumitomo Forestry's 100% subsidiary (SFAM) will acquire all shares of Tri Pointe Homes, Inc. (TPH), a major NYSE-listed US homebuilder, through a reverse triangle merger. The acquisition, valued at approximately $4.281 billion and priced at $47 per share, is planned for Q2 2026 and aims to expand Sumitomo Forestry's US single-family housing business to approximately 18,000 units annually, supporting its Mission TREEING 2030 target of 23,000 units.

Metaplanet KK

3350 · 株式会社メタプラネット

The company recorded a significant Bitcoin valuation loss of 102,188 million yen in the fourth quarter of the fiscal year ending December 2025, reflecting temporary price fluctuations in its cryptocurrency holdings. This was partially offset by foreign exchange gains of 506 million yen from foreign currency-denominated receivables, along with stock issuance cost amortization of 418 million yen, resulting in a tax benefit adjustment of 1,503 million yen.

Yamatane Corporation

9305 · 株式会社ヤマタネ

Yamatanet Corporation conducted a treasury stock disposition of 110,000 shares to 1,100 employees and subsidiaries' employees at ¥2,307 per share, totaling ¥253.77 million. The shares are subject to transfer restrictions until July 3, 2026, or until employees retire, with vesting conditions tied to continued employment and potential early vesting upon approved departure or organizational restructuring.

Life Foods Co., Ltd.

3065 · 株式会社ライフフーズ

The representative director and chairman of the company resigned on February 28, 2026, transitioning to the position of board chairman. Following a successful handover period after appointing Yoshihiro Sugamoto as representative director president in March 2025, the outgoing executive completed the succession process. The company's management structure shifts from dual representation to single representation, with no changes to management policies or business strategies.

SMS CO.,LTD

2175 · 株式会社エス・エム・エス

The company's leading major shareholder has changed from MORO LLC to Oasis Management Company Ltd. as of February 3, 2026. Oasis Management Company Ltd. increased its voting rights from 12.23% to 18.77% (153,976 voting rights), while MORO LLC maintained its 18.74% stake but is no longer the leading shareholder.

OSAKA Titanium technologies Co.,Ltd

5726 · 株式会社大阪チタニウムテクノロジーズ

Kobe Steel Co., Ltd. (神戸製鋼所) ceased to be a major shareholder of the company on February 16, 2026. The shareholding decreased from 38,000 voting rights (10.35%) to 36,500 voting rights (9.94%), falling below the major shareholder threshold. This change is reported in accordance with the Financial Instruments and Exchange Act Article 24-5(4).

NEXYZ.Group Corporation

4346 · 株式会社ネクシィーズグループ

The company's consolidated subsidiary will sell a portion of its investment securities holdings, specifically one listed stock. This transaction is expected to generate an extraordinary gain of approximately 2,015 million yen, which will be recorded as special profit in the second quarter of fiscal year ending September 2026.

Wakita & Co.,LTD.

8125 · 株式会社ワキタ

A major shareholder, Yugenkaisha Wakita Kousan, will cease to be classified as a major shareholder following the company's treasury stock disposal scheduled for February 16, 2026. The shareholder's voting rights remain at 49,714 shares, but their percentage of total voting rights will decrease from 10.02% to 9.98% due to an increase in total voting rights from the disposal of 1,972 treasury shares.