📋 Material Events 2113

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.

TOMY COMPANY,LTD.

7867 · 株式会社タカラトミー

Takara Tomy resolved to allocate 602,072 shares to directors, executive officers, and senior employees of the company and 7 subsidiaries through a trust structure with Sumitomo Mitsui Trust Bank. The total value is approximately 1.44 billion yen, with share allocation based on performance-linked points and subject to a 3-year transfer restriction post-grant.

CANON ELECTRONICS INC.

7739 · キヤノン電子株式会社

Canon Inc., the controlling shareholder, is conducting a public tender offer to acquire all shares of the company at 3,650 yen per share, with the goal of making the company a wholly-owned subsidiary and delisting it from public markets. Following the tender offer completion in January 2026, the company will implement a stock consolidation of 6,235,122 shares to 1 share, with a shareholder meeting scheduled for March 19, 2026.

Sharp Corporation

6753 · シャープ株式会社

Sharp Corporation will conduct an absorption merger with its wholly-owned subsidiary Sharp Sensing Technology Corporation (SSTC) effective April 1, 2026. SSTC's main business activities have ceased following the divestiture of its camera module business to Fullertain Information Technologies Ltd., making the merger necessary for organizational streamlining.

Sharp Corporation

6753 · シャープ株式会社

Sharp Corporation's Board of Directors resolved on February 10, 2026 to issue 10,915 stock warrants (新株予約権) to employees of the company and its wholly-owned subsidiaries. The warrants are issued at no cost and have a 10-year exercise period starting 2 years after allocation, with graded vesting (50% after year 2, 75% after year 3, 100% after year 4). The exercise price is set at 748.3 yen or the Tokyo Stock Exchange closing price on allocation date, whichever is higher.

TOMY COMPANY,LTD.

7867 · 株式会社タカラトミー

The company recorded an impairment loss of 8,095 million yen on affiliate shares of an overseas consolidated subsidiary whose fair value has significantly declined. This impairment charge is recorded as an extraordinary loss in the company's individual financial statements for Q3 FY2026, though it will be eliminated in consolidated financial statements.

TOMY COMPANY,LTD.

7867 · 株式会社タカラトミー

The company recorded a goodwill impairment loss of 4,862 million yen for TOMY International, Inc., its consolidated subsidiary in the United States, during the third quarter of fiscal year ending March 2026. The impairment was triggered by a review of business plans based on current business performance trends.

Sharp Corporation

6753 · シャープ株式会社

The company announced revisions to its restructuring plan initially disclosed in May 2025. The company will record 14.9 billion yen in special losses related to business restructuring costs, primarily due to failed asset transfers to Foxconn and a failed technology transfer to an Indian LCD manufacturer, resulting in production suspensions and business terminations at multiple facilities.

SEMITEC Corporation

6626 · SEMITEC株式会社

The company received dividend income of approximately 3,586 million yen from a consolidated subsidiary during the third quarter cumulative period of fiscal year ending March 2026 (April 1, 2025 - December 31, 2025). This dividend will be recorded as non-operating revenue in the individual financial statements but will be eliminated in consolidated financial statements, resulting in no impact on consolidated net income.

FUJITA KANKO INC.

9722 · 藤田観光株式会社

The company entered into a capital and business alliance agreement with NSSK-GAMMA2 LLC on February 10, 2026, whereby DOWA Holdings transferred 14,980,000 shares (25.00% voting rights) to the partner. NSSK-GAMMA2 gained the right to nominate 2 board director candidates starting with the 2025 year-end shareholders meeting, with restrictions on additional share acquisitions and transfers for a specified period.

FORVAL CORPORATION

8275 · 株式会社フォーバル

The company has recognized an impairment loss on a portion of its investment securities holdings due to significant decline in fair value compared to acquisition cost. A special loss of 794 million yen for investment securities evaluation loss will be recorded in both individual and consolidated financial statements for the fiscal year ending March 2026.

Cybozu, Inc.

4776 · サイボウズ株式会社

The company recorded an impairment loss of 1,485 million yen on shares of Kintone Corporation, a consolidated subsidiary, due to accumulated losses in the US business operations which is still in the investment phase. Despite the impairment, the company believes in long-term growth potential in the US market and plans to continue investment.

Kyokuto Boeki Kaisha, Limited

8093 · 極東貿易株式会社

Shinoji Sakuma will succeed Yoshiya Okada as Representative Director and President effective April 1, 2026, following a board resolution on February 10, 2026. Okada will transition to Non-Representative Director while retaining his board position. Sakuma brings 40 years of company experience, including international operations and senior management roles across multiple divisions.

H2O RETAILING CORPORATION

8242 · エイチ・ツー・オー リテイリング株式会社

Katsu Hayashi, who served as Representative Director and Vice President, was reassigned to the position of Director (non-representative) effective April 1, 2026. The change was resolved at the Board of Directors meeting held on February 4, 2026, and is being reported in accordance with the Financial Instruments and Exchange Act Article 24-5(4).

Matsuya R&D Co.,Ltd

7317 · 株式会社松屋アールアンドディ

The company is subject to a public tender offer by Omron Healthcare Co., Ltd. for the company's shares and stock acquisition rights, announced on February 10, 2026. The company has recorded 124 million yen in advisory and legal fees related to the tender offer as special losses in Q3 FY2026, with total expected costs of approximately 270 million yen upon completion of the process.

Human Creation Holdings, Inc.

7361 · 株式会社ヒューマンクリエイションホールディングス

The company's board of directors resolved on February 10, 2026 to conduct an absorption merger whereby Asset Consulting Force Co., Ltd. (surviving company) will absorb Human Base Co., Ltd. (disappearing company), both of which are subsidiaries of the reporting company. Following the merger scheduled for April 1, 2026, Human Base Co., Ltd. will cease to be a subsidiary of the reporting company.

JAPAN PURE CHEMICAL CO.,LTD.

4973 · 日本高純度化学株式会社

A major shareholder change occurred on January 30, 2026, involving Hibiki Path Advisors entities. Hibiki Path Advisors SPC (with joint holder Hibiki Path Advisors Pte. Ltd.) became a new major shareholder, increasing combined voting rights from 21.39% to 22.36%. Simultaneously, Hibiki Path Advisors Pte. Ltd.'s individual stake decreased from 21.39% to 9.06%, indicating an internal restructuring within the Hibiki Path Advisors group.

Mitsui Chemicals, Inc.

4183 · 三井化学株式会社

The company announced a change in representative director (代表取締役) effective April 1, 2026. Satoshi Ichimura will be promoted from Executive Managing Director to Representative Director and President, while current Representative Director and President Osamu Hashimoto will transition to Chairman. This represents an internal management succession with the new CEO having 34 years of company tenure.

Cleanup Corporation

7955 · クリナップ株式会社

The company announced a change in representative director following a board resolution on February 5, 2026. Toru Fujiwara will assume the position of representative director on June 25, 2026, succeeding Hiroshi Takeuchi who will retire upon term expiration and transition to an advisory role. Fujiwara is a long-tenured executive with 37 years of service and extensive experience across development, retail, and strategic planning divisions.

MITSUBA Corporation

7280 · 株式会社ミツバ

The company's consolidated subsidiaries, Guangzhou Sanye Electric Co., Ltd. and Sanye Silin Electric (Wuhan) Co., Ltd., recognized an impairment loss of 5,267 million yen on fixed assets in Q3 FY2026. The impairment was recorded after reviewing the recoverability of fixed assets based on accounting standards for fixed asset impairment, considering the current business environment and future earnings projections.

MITSUI E&S Co., Ltd.

7003 · 株式会社三井E&S

Mitsui E&S Holdings Co., Ltd. resolved to allocate 34,720 treasury shares to its employee stock ownership association (Mitsui E&S Employee Stock Ownership Association) as restricted stock under a restricted stock compensation plan. The allocation is valued at approximately 246.9 million yen at the price of 7,111 yen per share, with a restriction period from July 24, 2026 to May 31, 2031.

Nippon Beet Sugar Manufacturing Co.,Ltd.

2108 · 日本甜菜製糖株式会社

Be Brave Corporation (as business executor of ESG Investment Partnership) increased its shareholding from 8.92% to 10.03% of total voting rights, crossing the 10% threshold as a major shareholder. The shareholding change occurred on January 28, 2026, based on large holdings reports filed on January 14 and February 4.

GSI Creos Corporation

8101 · 株式会社GSIクレオス

The company's Board of Directors resolved on February 9, 2026 to appoint Kunihiro Ono as new Representative Director, effective April 1, 2026. Ono, born April 1, 1968, will transition from his current position as Director and Senior Executive Officer to Representative Director, bringing 34 years of company tenure and extensive experience in corporate planning and management roles.

Torishima Pump Mfg.Co.,Ltd.

6363 · 株式会社酉島製作所

The company resolved to acquire all shares of Shinni Nippon Zouniki Co., Ltd. from Sumitomo Heavy Industries Ltd. on February 10, 2026, making it a wholly-owned subsidiary. The acquisition results in Shinni Nippon Zouniki becoming a specified subsidiary, triggering mandatory disclosure under Cabinet Office Ordinance Article 19(2)(3).