📋 Material Events 2113

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.

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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.

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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.

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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.

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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.

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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.

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.