📋 Material Events 2113

DLE Inc.

3686 · 株式会社ディー・エル・イー

The company reported material financial events for fiscal year ending March 2026, including a 15 million yen gain from selling subsidiary MyFeel Inc., a 41 million yen impairment loss on investment securities held by subsidiaries, and a planned 90 million yen gain from selling company-held investment securities approved on February 16, 2026.

Smartvalue Co.,Ltd.

9417 · 株式会社スマートバリュー

The company recorded an impairment loss of 68,704 thousand yen on fixed assets of its Osaka headquarters following a decision to relocate the business office. Additionally, the subsidiary One Bright KOBE reversed part of its deferred tax assets and recorded a tax adjustment of 157,700 thousand yen based on conservative assessment of recoverability in light of future business performance.

Kufu Company Holdings Inc.

4376 · 株式会社くふうカンパニー

The company executed a termination agreement for a capital and business alliance contract with Hayate 223 Corporation on February 16, 2026. As a result, the company recorded a contract cancellation settlement amount of 303 million yen as extraordinary gain in the first quarter of fiscal year ending September 2026, reversing previously recorded expenses.

DLE Inc.

3686 · 株式会社ディー・エル・イー

The company's board of directors resolved on February 16, 2026 to dissolve Conecti Inc., a consolidated subsidiary engaged in business metaverse operations. The company will hold 100% voting rights in Conecti prior to dissolution, and the liquidation process will proceed in accordance with applicable laws and regulations.

DyDo GROUP HOLDINGS,INC.

2590 · ダイドーグループホールディングス株式会社

The company recognized a consolidated impairment loss of 29,826 million yen in its domestic beverage business due to declining profitability in vending machine channels caused by rising raw material costs and increased consumer cost-consciousness. Additionally, the company recorded a 466 million yen valuation loss on subsidiary shares and a 26,169 million yen allowance for doubtful accounts for its subsidiary Daido Drinko Co., Ltd., though these individual losses are eliminated in consolidated accounts.

giftee Inc.

4449 · 株式会社ギフティ

Gifti Inc. announced a corporate restructuring through a stock transfer (単独株式移転) to establish a pure holding company, Gifti Group Inc., effective July 1, 2026. The restructuring aims to separate management functions from business operations, enhance group governance, and accelerate growth strategy through improved capital allocation and M&A decision-making. The current Gifti Inc. will become a wholly-owned subsidiary of the newly established holding company, with shareholders receiving a 1:1 share exchange ratio.

Genki Global Dining Concepts Corporation

9828 · 元気寿司株式会社

{ "event_category": "M&A - Acquisition", "event_subcategory": "Acquisition of foreign subsidiary (sushi restaurant chain in Australia)", "summary_en": "The company resolved to acquire all shares of Food Odyssey Pty. Ltd., an Australian sushi chain operator branded as 'Sushi Sushi' with approximately 180 stores, making it a wholly-owned subsidiary. This acquisition is part of the company's overseas expansion strategy to strengthen its international sushi business and become a leading global

Artra Group Corporation

6029 · アトラグループ株式会社

The company recorded a reversal of allowance for doubtful accounts of 49.761 million yen due to improved financial condition of a consolidated subsidiary, while simultaneously recording a new provision of 83.310 million yen for receivables from toy sales subsidiary. The net impact on consolidated results is nil due to intercompany elimination.

WILLs Inc.

4482 · 株式会社ウィルズ

The company reversed a debt guarantee loss reserve of ¥145 million related to subsidiary NetMyth Co., Ltd., while simultaneously recording a bad debt reserve of ¥293 million for receivables from the same subsidiary as of the fiscal year ending December 31, 2025. These adjustments reflect changes in the subsidiary's financial condition and have no net impact on consolidated earnings as they are eliminated in consolidation.

HEALIOS K.K.

4593 · 株式会社ヘリオス

The company reported material accounting adjustments to its individual and consolidated financial statements for the fiscal year ending December 2025, effective February 16, 2026. These adjustments include non-operating revenue and expenses, affiliate stock evaluation losses, derivative valuation gains, and profit allocation transfers related to the Saisei bioventures fund, collectively impacting financial position and performance.

YAMADA HOLDINGS CO.,LTD.

9831 · 株式会社ヤマダホールディングス

The Denki segment of the company group has decided to aggressively dispose of accumulated inventory from store closures as part of a balance sheet reform initiative. This one-time inventory disposal is expected to negatively impact the fiscal year ending March 2026 results by approximately 24 billion yen in gross profit and operating profit, and approximately 16 billion yen in net income attributable to parent company shareholders.

The Musashino Bank, Ltd.

8336 · 株式会社武蔵野銀行

Representative Director Otomo Ken has resigned from his positions as Representative Director and Director, effective February 28, 2026. He will transition to a position as head of the Business Division. The company filed this extraordinary report in accordance with the Financial Instruments and Exchange Act.

BRIDGESTONE CORPORATION

5108 · 株式会社ブリヂストン

The company resolved an uncertain tax position relating to capital repayment received from subsidiary Bridgestone Americas, Inc. in fiscal 2021. After reviewing the tax treatment with external experts and determining that uncertainty has decreased, the company reversed the full amount of the deferred tax adjustment, resulting in a 53.6 billion yen decrease in corporate taxes and related tax adjustments for the fiscal year ended December 2025.

繧ー繝ェ繝シ繝ウ繝「繝ウ繧ケ繧ソ繝シ譬ェ蠑丈シ夂、セ

157A · グリーンモンスター株式会社

The company resolved to establish Financial Free College Co., Ltd. as a 100% owned subsidiary with capital of ¥10 million on February 13, 2026. Concurrently, the subsidiary will acquire the investment school business from Buy and Hold Co., Ltd. for ¥300 million, with execution scheduled for February 27, 2026.

KONAKA CO.,LTD.

7494 · 株式会社コナカ

The company has determined that certain deferred tax assets are not fully recoverable and will write down the deferred tax asset balance in the first quarter of fiscal year ending September 2026. This accounting adjustment will result in a tax expense charge of ¥698 million on a consolidated basis and ¥670 million on a non-consolidated basis.

SANDEN CORPORATION

6444 · サンデン株式会社

The company recorded dividend income of 5.2 billion yen from its affiliate company Huayu Sanden Automotive Air Conditioning Co., Ltd. (华域三电汽车空调有限公司) in the individual financial statements for the fiscal year ended December 2025. This dividend income is eliminated in consolidated financial statements, therefore having no impact on consolidated results.

KAJIMA CORPORATION

1812 · 鹿島建設株式会社

The company's Board of Directors resolved on February 12, 2026 to appoint Masafumi Kiryu as the new Representative Director and President. Kiryu will be promoted to Vice President Executive Officer on April 1, 2026, and will assume the CEO position in late June 2026 following the ordinary general meeting of shareholders and subsequent board resolution.

Mitsui Mining and Smelting Company, Limited

5706 · 三井金属鉱業株式会社

On February 13, 2026, the company's Board of Directors resolved to change the position of Representative Director. Takeshi Nounobi will transition from Representative Director President to Chairman of the Board, effective April 1, 2026.

Amvis Holdings, Inc.

7071 · 株式会社アンビスホールディングス

Ambis Holdings Inc. resolved on February 13, 2026 to issue two series of stock acquisition rights (Series 6 and Series 7) to directors and employees. Series 6 consists of 5,000 warrants (500,000 shares) priced at 100 yen per warrant with total proceeds of 294.5 million yen, while Series 7 consists of 20,000 warrants (2,000,000 shares) priced at 500 yen per warrant with total proceeds of 1.032 billion yen, both with performance-based vesting conditions tied to segment revenue targets.

Di-Nikko Engineering Co.,Ltd.

6635 · 株式会社大日光・エンジニアリング

The company recognized a special loss of ¥265 million due to impairment charges in the domestic segment, driven by delayed price pass-through of rising raw material costs and declining profitability in agriculture-related businesses. Additionally, the company recorded a special gain of ¥174 million from the sale of investment securities.

Aplix Corporation

3727 · 株式会社アプリックス

The company recognized impairment losses on software assets related to its 'BRIDGE AD' retail media platform due to delayed service launch and revenue realization, as well as goodwill impairment on subsidiary Smart Mobile Communications (SMC) due to declining MVNE/MVNO service users. Total impairment charges amounted to 193 million yen (80 million yen software impairment and 113 million yen goodwill impairment).

ACSL Ltd.

6232 · 株式会社ACSL

The company recorded an investment loss on an equity method affiliate and wrote down the value of related company shares due to recoverability concerns. In consolidated financial statements, the company recognized an equity method investment loss of ¥234.7 million, while in individual financial statements it recorded a loan loss provision of ¥130.3 million and a related company stock valuation loss of ¥74.4 million for the fiscal year ending December 2025.

BULL-DOG SAUCE CO.,LTD.

2804 · ブルドックソース株式会社

The company's board of directors held on February 13, 2026 resolved to appoint Mai Saiki as a new Representative Director (代表取締役), effective in late June 2026. Saiki will transition from her current position as Senior Executive Officer and Director, bringing 31 years of company experience with expertise in marketing, product planning, R&D, and corporate governance.

Mori-Gumi Co., Ltd.

1853 · 株式会社 森組

The company's Board of Directors resolved on February 13, 2026, to change the representative director. Yoshi Yuji (born December 5, 1957) will transition from Representative Director and President to Director, effective April 1, 2026.

Fujii Sangyo Corporation

9906 · 藤井産業株式会社

The company's Board of Directors resolved on February 13, 2026 to appoint Atsushi Takita as a new Representative Director (追加). Takita transitions from his previous role as Senior Executive Officer and President Operating Proxy to become Representative Director, while maintaining his position as head of the Infrastructure Solutions Company.

Allied Architects, Inc.

6081 · アライドアーキテクツ株式会社

The company announced a change of its accounting auditor (会計監査人) effective March 31, 2026. PwC Japan 有限責任監査法人 will be replaced by 永和監査法人 (Eiwa Audit Corporation) following the expiration of the current auditor's term. The change was decided based on a comprehensive evaluation of audit appropriateness, business scale compatibility, and audit cost efficiency.

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The company's subsidiary JERA Americas Holdings Inc. acquired 100% equity interest in South Mansfield E&P, LLC, a US-based shale gas development and production company, for USD 397.5 million. This acquisition qualifies South Mansfield E&P, LLC as a specified subsidiary (特定子会社) of the company, as its capital amount reaches at least 1/10 of the company's capital. The transaction was completed on January 30, 2026 (US time).

Orient Corporation

8585 · 株式会社オリエントコーポレーション

Strategic Capital Corporation increased its voting rights in the company from 9.63% to 10.51% (165,614 to 180,788 voting shares), triggering mandatory disclosure of a material shareholder change under the Financial Instruments and Exchange Act. The change occurred on February 2, 2026, and was reported via a large shareholding report filed on February 6, 2026.

MOBCAST HOLDINGS INC.

3664 · 株式会社モブキャストホールディングス

The company reported material non-operating expenses and special losses totaling approximately 267-289 million yen for Q4 fiscal year ending December 2025, primarily driven by impairment losses on fixed assets (42-34 million yen), subsidiary business exit losses, cryptocurrency evaluation losses, and provisions for subsidiary losses. These charges significantly impact the consolidated and individual financial statements as disclosed in the extraordinary report filed on February 13, 2026.

Yoshimura Food Holdings K.K.

2884 · 株式会社ヨシムラ・フード・ホールディングス

The company entered into a money loan agreement with financial covenants on March 31, 2025, arranged by Mizuho Bank as arranger and agent on behalf of a syndicate. The facility totals 5 billion yen with a maturity date of October 31, 2033, and is unsecured and unguaranteed. The loan is subject to four financial maintenance covenants including minimum net asset ratios, consecutive loss restrictions, and net leverage ratios.

Advanex inc.

5998 · 株式会社 アドバネクス

The company recognized foreign exchange gains of 181.5 million yen in consolidated earnings and 175.6 million yen in individual earnings for Q3 FY2026 due to revaluation of assets and liabilities held by the company and its overseas subsidiaries following foreign exchange rate fluctuations.

TOYO ENGINEERING CORPORATION

6330 · 東洋エンジニアリング株式会社

Toyo Engineering Corporation has been sued by Aoki Asunaro Construction Company in Tokyo District Court regarding additional costs related to a petrochemical plant construction project. The plaintiff is claiming 4,958,754,653 yen for additional expenses incurred during subcontracted work. The company states it will assert its legal position and that the impact on financial results is expected to be immaterial at this time.

Fast Fitness Japan Incorporated

7092 · 株式会社Fast Fitness Japan

The company's Board of Directors resolved on February 13, 2026 to convene an extraordinary shareholders' meeting on March 19, 2026 to approve a stock consolidation (4,554,450 shares to 1 share) as part of a going-private transaction. JG35 Corporation, backed by JGIA and Oak (a family asset management company), is acquiring all outstanding shares to take the company private and implement long-term growth strategies without public market constraints.

Will Smart Co. Ltd.

175A · 株式会社Will Smart

The company recognized an impairment loss of 155,250 thousand yen on fixed assets held in its portfolio during the fourth quarter of fiscal year ending December 2025. The impairment was determined based on recoverability assessment following the company's accounting standards for fixed asset impairments, taking into account future business performance outlook.

KOZO Holdings Co., Ltd.

9973 · 株式会社小僧寿し

The company recorded total impairment losses of 313 million yen in Q4 FY2025, comprising 55 million yen in tangible asset impairment losses across business segments and 258 million yen in goodwill impairment related to an overseas food service subsidiary due to unmet business plan targets. These material losses significantly impact the group's consolidated financial results and are being reported as extraordinary losses.

BlueMeme Inc.

4069 · 株式会社BlueMeme

On February 13, 2026, the company's Board of Directors approved a change in representative directors. Shingo Matsuoka transitioned from Chairman (取締役会長) to Representative Director and Chairman & President (代表取締役会長兼社長), while Kuniharu Miyawaki retired from his position as Representative Director and President (代表取締役社長). Matsuoka holds 165,000 shares including holdings through asset management company BM Trust Co., Ltd.

TOKYO SANGYO CO.,LTD.

8070 · 東京産業株式会社

The company announced a CEO succession plan at the February 13, 2026 Board of Directors meeting. Asada Yasuo will be promoted from Standing Audit & Supervisory Committee Member to President and Representative Director, while incumbent CEO Kamohara Minoru will transition to Chairman as Representative Director, both effective June 2026.

Smaregi,Inc.

4431 · 株式会社スマレジ

SmareJi Corporation resolved to conduct an absorption merger with its wholly-owned subsidiary NetShop Support Room Co., Ltd. (株式会社ネットショップ支援室) effective May 1, 2026. The merger aims to integrate EC and POS operations, unify management and organizational structures, and accelerate synergy creation across product lines and customer solutions.

Brangista inc.

6176 · 株式会社ブランジスタ

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

FUJI SEIKO LIMITED

6142 · 富士精工株式会社

The company's Board of Directors resolved on February 13, 2026 to appoint Hitoshi Mori as new Representative Director President and Naoki Shinoda as new Representative Director Senior Managing Director, both effective May 26, 2026 upon approval at the Annual General Meeting of Shareholders. Both executives have extensive tenure within the company and experience in international subsidiary management and technical operations.

Chugai Mining Co.,Ltd.

1491 · 中外鉱業株式会社

The filing reports a change in specified subsidiary status for two existing subsidiaries: Intex Co., Ltd. (machinery sales/trading) and CareerMate Co., Ltd. (temporary staffing). This reclassification occurred because the parent company reduced its capital to 100 million yen on August 15, 2022, causing these subsidiaries (both 100% owned) to exceed the 10% threshold and meet the definition of specified subsidiaries under financial instruments law.

MS&AD Insurance Group Holdings, Inc.

8725 · MS&ADインシュアランスグループホールディングス株式会社

The company's board of directors approved an absorption merger whereby Mitsui Sumitomo Fire and Marine Insurance Co., Ltd. will be the surviving company and Aioi Nissay Dowa Insurance Co., Ltd. will be the dissolved company. The merger is scheduled for April 1, 2027, resulting in the delisting of Aioi Nissay Dowa Insurance from the company's subsidiary roster.

Chugai Mining Co.,Ltd.

1491 · 中外鉱業株式会社

The company established CHUGAI HAWAII LLC, a real estate business subsidiary in Honolulu, Hawaii on November 5, 2025, with capital of USD 100,000. The subsidiary qualifies as a specified subsidiary (特定子会社) as its capital amount reaches 10% or more of the parent company's capital, requiring disclosure under the Financial Instruments and Exchange Act.

Dynapac Co., Ltd.

3947 · ダイナパック株式会社

The company's board of directors approved on February 13, 2026, the transition of representative director Hisao Shinooka from his position as Representative Director, Senior Executive Officer and President's Assistant to non-executive advisor, effective March 27, 2026. Shinooka holds 14,764 shares in the company.

Ichigo Inc.

2337 · いちご株式会社

Ichigo Inc. has decided to issue 2,950,000 stock acquisition rights (stock options) on February 27, 2026 to directors, executive officers, employees, and subsidiary directors as incentive compensation. The stock options will be issued at no cost and have an exercise price set at 115% of the closing price on the day before allocation, exercisable from February 14, 2029 to February 13, 2034.

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Kazutoshi Yamaguchi, who was serving as Representative Director and Senior Executive Officer, will resign from his position as Representative Director effective March 31, 2026. The company's Board of Directors approved this management change at a meeting held on February 13, 2026.

NISSEI ASB MACHINE CO., LTD.

6284 · 日精エー・エス・ビー機械株式会社

The company announces a change in representative director (代表取締役) effective April 1, 2026. Aoki Takota will transition from Executive Vice President (取締役副社長) to become Representative Director and Chairman (代表取締役会長), while current Chairman Aoki Daichi will step down from the representative director position to become a regular director (取締役).

Def consulting, inc.

4833 · 株式会社Success Holders

The company reported a change in major shareholders as of February 13, 2026. The Capital Co., Ltd. ceased to be a major shareholder (reducing its stake from 26.00% to 0%), while GP Listed Company Investment D Investment Partnership (a limited liability partnership) became a new major shareholder with a 21.70% stake (15,752,410 shares).

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Aioi Nissay Dowa Insurance Company will be absorbed and merged into Mitsui Sumitomo Fire and Marine Insurance Company, with the merger effective April 1, 2027. The merged entity will be renamed Mitsui Sumitomo Aioi Insurance Company. Both companies are wholly-owned subsidiaries of MS&AD Insurance Group Holdings, and no stock consideration will be exchanged as this is an internal group consolidation.

Hotto Link Inc.

3680 · 株式会社ホットリンク

The company recorded impairment losses on goodwill (¥890 million) and software (¥676 million) related to subsidiary Effyis Inc., following IFRS-based impairment testing. The fair value of these assets fell below their book value due to changes in the business environment, and the losses were recognized in the consolidated financial results for the fiscal year ended December 2025.