📋 Material Events 2170

Tokai Tokyo Financial Holdings, Inc.

8616 · 東海東京フィナンシャル・ホールディングス株式会社

Tokai Tokyo Financial Holdings resolved to issue 836,500 restricted stock units to 2,326 eligible employees as compensation, with a total issuance value of approximately ¥609.8 million. The restricted shares will be issued on March 13, 2026, with a restriction period from March 13 to June 30, 2026, funded through in-kind contribution of monetary compensation debt held by the employees.

AViC Co., Ltd.

9554 · 株式会社AViC

The company acquired all shares of Spica Inc., a TikTok LIVE talent management company, for 1.5 billion yen effective January 29, 2026. The acquisition aims to expand into the creator economy and live commerce markets while leveraging Spica's talent roster and the acquiring company's data analytics capabilities. The deal includes potential earn-out payments of up to 300 million yen based on revenue targets.

SANRITSU CORPORATION

9366 · 株式会社サンリツ

The company executed a term loan agreement on January 30, 2026, with major Japanese banks (city banks, trust banks, and regional banks) for a total facility of ¥5.3 billion, with ¥2.07 billion drawn on the execution date and maturity set for July 31, 2041. The loan is secured by real property (land, buildings, and building fixtures) and includes financial covenants requiring maintenance of consolidated equity at 75% of prior year-end levels and consecutive operating profitability.

Ajinomoto Co., Inc.

2802 · 味の素株式会社

The company announced changes to its representative executive officer (代表執行役) positions effective April 1, 2026. Shimo Hiroshi will be promoted to Representative Executive Vice President from his previous role as President of Ajinomoto Foods North America, while Sakaura Ichiro will be promoted to Representative Executive Managing Officer from Food Business Division Head. Shiraki Hiroshi will retire from his position as Representative Executive Vice President and Chief Innovation Officer.

ICHIKEN Co., Ltd.

1847 · 株式会社イチケン

The company's Board of Directors resolved on January 28, 2026 to transition leadership, with Shoji Masao (政清弘晃) being promoted from Senior Executive Officer to Representative Director and President effective April 1, 2026. Hiroyuki Hasegawa (長谷川博之), the current Representative Director and President, will transition to Chairman of the Board.

Tokuyama Corporation

4043 · 株式会社トクヤマ

The company revised downward its full-year consolidated financial forecast for the fiscal year ending March 31, 2026, due to declining chemical product sales prices both domestically and internationally. Net sales were reduced by ¥13.0 billion (-3.6%), operating profit by ¥2.5 billion (-6.0%), and net income attributable to parent company shareholders by ¥1.5 billion (-5.2%).

SANNO Co.,Ltd

3441 · 株式会社山王

The company entered into a money lending contract (金銭消費貸借契約) with a major city bank on January 30, 2026, for 1.2 billion yen with a one-year maturity. The loan is subject to financial covenants including maintaining consolidated net assets at 75% or more of prior year levels, avoiding two consecutive periods of operating losses, and maintaining credit ratings of A-2 (short-term) and BB+ or higher (long-term).

SANNO Co.,Ltd

3441 · 株式会社山王

The company executed a money lending contract (金銭消費貸借契約) with a major Japanese bank on January 28, 2026, for 2 billion yen with financial covenants attached. The loan matures on January 30, 2027, and includes restrictive covenants requiring maintenance of consolidated net assets at 75% or more of the prior year and prohibition of consecutive operating losses.

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KBC Group Holdings announced a change in representative director effective April 1, 2026. Manabu Shishido will assume the position of Representative Director and President, while Jiro Moriyama will step down from the CEO role to become a director. Shishido brings extensive experience from Asahi Shimbun Company and has been serving as director and executive assistant to the president at KBC Group.

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The company has decided to dissolve and liquidate its subsidiary Glocal K Corporation, which is engaged in regional revitalization research and consulting services. This decision was approved at the Board of Directors meeting on January 28, 2026, and the subsidiary will cease to be classified as a specified subsidiary upon completion of liquidation.

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DIAM J-REIT Open (2-Month Settlement Course) filed its 130th calculation period report covering November 18, 2025 to January 16, 2026. The fund distributed 40 yen per 10,000 units and reported a period-end net asset value of approximately 5.2 billion yen with a unit price of 3,118 yen per 10,000 units.

ITmedia Inc.

2148 · アイティメディア株式会社

The company's board of directors resolved on January 29, 2026 to acquire all shares of Majisemi Inc. (the surviving company after its merger with Open Source Katsuyou Kenkyusho Inc.) effective April 1, 2026, making it a wholly-owned subsidiary. The acquisition is valued at approximately 2,300 million yen, with total transaction costs of approximately 2,336 million yen including advisory fees. This acquisition is part of the company's mid-term growth strategy targeting EPS exceeding 140 yen by fiscal year 2029 through both organic growth and active M&A.

JFE Holdings,Inc.

5411 · JFEホールディングス株式会社

The company's board of directors resolved on January 28, 2026 to change the representative director. Masashi Terahata will transition from Representative Director Vice President to Director (non-representative) effective April 1, 2026.

Metaplanet KK

3350 · 株式会社メタプラネット

Metaplanet Inc. announced a third-party capital raise on January 29, 2026, consisting of 24,529,000 common shares at ¥499 per share and 159,440 warrants (25th series) at ¥523 per warrant. The total capital raise is approximately ¥21.0 billion, with proceeds designated for Bitcoin purchases (¥14.0 billion), Bitcoin income business operations (¥1.6 billion), and debt repayment (¥5.2 billion).

HS Holdings Co.,Ltd.

8699 · HSホールディングス株式会社

The company recognized equity method investment gains of 12,521 million yen in non-operating revenue for the nine-month period ended December 31, 2025, primarily due to strong performance from affiliated companies Hahn Bank and Solid Bank. This material event affecting the group's financial position and operating results was disclosed on January 29, 2026, and is reflected in the Q3 FY2026 earnings announcement.

GIFT HOLDINGS INC.

9279 · 株式会社ギフトホールディングス

Gift Holdings has issued 26,770 shares of restricted stock to 4 directors and 1 executive officer as long-term compensation to align shareholder value. The restricted stock has a 30-year transfer restriction period, with conditions for release upon retirement or company reorganization. Total issuance value is approximately 101.2 million yen.

Hitachi, Ltd.

6501 · 株式会社日立製作所

Bliss Koch, the current Representative Executive Officer (代表執行役), will step down from this position effective March 31, 2026. He will transition to the role of Executive Vice President and President's Assistant, focusing on Connected Industries business operations. This management transition was approved by the Board of Directors on January 29, 2026.

Silver Egg Technology CO.,Ltd.

3961 · シルバーエッグ・テクノロジー株式会社

Irgulm Corporation has launched a public tender offer to acquire all outstanding shares of the company (excluding treasury stock) and warrant securities, with the goal of making the company a wholly-owned subsidiary and delisting it from the stock exchange. The tender offer was conducted from November 17, 2025 to January 6, 2026, resulting in Irgulm acquiring 1,864,500 shares (62.63% ownership) as of January 14, 2026. The company is convening an extraordinary shareholders' meeting on February 20, 2026 to approve a stock consolidation as part of the squeeze-out procedures.

ESTIC CORPORATION

6161 · 株式会社エスティック

Hirohide Suzuki became a major shareholder of the company, increasing his voting rights from 1,128 shares (1.13%) to 16,920 shares (16.98%) as of January 18, 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 regulations.

KUSHIKATSU TANAKA HOLDINGS CO.

3547 · 株式会社串カツ田中ホールディングス

Toshio Sakamoto resigned as Representative Director and President/CEO effective December 16, 2025, citing personal reasons. Keiji Kan, formerly Representative Director and Chairman, was promoted to Representative Director, Chairman and President to succeed him.

PARK24 Co., Ltd.

4666 · パーク二四株式会社(定款上の商号 パーク24株式会社)

Park24 Co., Ltd. resolved to allocate 65,297 treasury shares to eligible executives and subsidiary directors under its restricted stock award program. The shares, priced at ¥2,175 per share for a total of ¥142,020,975, will be allocated on February 26, 2026, with transfer restrictions in place until certain employment conditions are met.

SHIMIZU CORPORATION

1803 · 清水建設株式会社

The company resolved to subscribe to a third-party capital increase of Aomi Construction Co., Ltd., a marine civil engineering company, which will result in Aomi Construction becoming a specified subsidiary with the company holding 100% voting rights. The capital increase is planned for late June 2026, with Aomi Construction's capital increasing from 355 million yen to 12,855 billion yen.

HEALIOS K.K.

4593 · 株式会社ヘリオス

The company's executive board resolved on January 29, 2026, to issue 19,275,000 common shares at 325 yen per share and 96,375 warrants (27th series) at 355 yen each to seven institutional investors through third-party allocation. The total capital raised amounts to approximately 6.3 billion yen from the share issuance and 34.2 million yen from the warrants, with the allocation subject to standard representations, warranties, and a 180-day lock-up agreement.

SAISON TECHNOLOGY CO,.LTD.

9640 · 株式会社セゾンテクノロジー

The company has incurred significant cost overruns on a custom development project in its data platform business for a specific client. As a result, the company is recognizing a 4,390 million yen provision for contract losses in cost of sales for the third quarter of fiscal year ending March 2026.

Sun* Inc.

4053 · 株式会社Sun Asterisk

Sun Asterisk Inc. has decided to issue 12,300 stock acquisition rights (warrants) to directors, senior management, and subsidiary employees. The warrants have an issue price of 200 yen per warrant, with an exercise price of 455 yen per share, and are exercisable from April 1, 2029 to March 31, 2032. Exercise eligibility is conditional on the company achieving consolidated gross profit targets of 11.0-14.0 billion yen in the fiscal year ended December 2028.

FUJITSU LIMITED

6702 · 富士通株式会社

Fujitsu Corporation will absorb specific business operations from its wholly-owned subsidiary Fujitsu Japan Co., Ltd. effective April 1, 2026. The transferred business includes solution services for mid-market private sector companies and regional agricultural/forestry/fishery organizations, along with related DX businesses. This reorganization aims to consolidate resources, optimize decision-making speed, and strengthen business operations.

KANDENKO CO.,LTD.

1942 · 株式会社関電工

Tokyo Electric Power Company (TEPCO) Grid announced a public share offering through underwriter buy commitment (引受人の買取引受による売出し) of up to 22.77 million shares, with a portion to be sold to overseas investors in Europe and Asia (excluding US and Canada). The offering price will be determined on February 16-19, 2026, based on market conditions, at 90-100% of the TSE closing price, with delivery expected February 24-27, 2026.

NEC Corporation

6701 · 日本電気株式会社

The company's board of directors resolved on January 29, 2026 to appoint Kunihiro Amemiya as Representative Executive Vice President and CFO, effective April 1, 2026, replacing Osamu Fujikawa who will transition to the role of Director Executive Vice President and COO, effective March 31, 2026. Amemiya brings 35 years of company tenure with extensive experience in financial solutions and business innovation divisions.

BRIDGESTONE CORPORATION

5108 · 株式会社ブリヂストン

Bridgestone Corporation's Board of Directors on January 29, 2026 approved the issuance and allocation of 50,900 restricted shares to 94 executive and management employees (executives-in-chief, division heads, and department heads) as part of its ongoing restricted share compensation program (譲渡制限付株式報酬制度) implemented since fiscal 2021. The shares are issued at 3,595 yen per share with a total value of approximately 182.99 million yen, funded through in-kind contribution of monetary compensation claims, with transfer restrictions lasting 2-3 years depending on employee rank and tenure.

SUMITOMO CORPORATION

8053 · 住友商事株式会社

Kiyoshima Takayuki, currently serving as Representative Director and Senior Executive Officer in charge of the Corporate Group, will transition to the position of Director and President's Office on April 1, 2026. This change was resolved by the Board of Directors meeting held on January 29, 2026, and represents a stepping down from the representative director role.

HINO MORTORS,LTD.

7205 · 日野自動車株式会社

The company announces a management transition effective April 1, 2026, with Satiyakaam Arya appointed as new Representative Director and President, replacing Satoshi Ogikoso who is stepping down. Additionally, Naoki Sato is promoted from Director to Representative Director and Senior Managing Executive Officer, marking a significant leadership restructuring.

Stanley Electric Co.,Ltd.

6923 · スタンレー電気株式会社

The company resolved on January 29, 2026 to acquire all shares of Iwasaki Electric Co., Ltd. and make it a subsidiary. The acquisition price is approximately 70.3 billion yen and is expected to close on April 1, 2026. The acquisition aims to strengthen the company's ability to provide optical solutions across automotive, public infrastructure, and commercial sectors.

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Toshiyuki Konishi, Representative Director (代表取締役), will resign from his position effective March 1, 2026, as resolved by the bank's Board of Directors meeting on January 29, 2026. He will transition to a non-executive role as Senior Executive Officer (常務執行役員).

NAGAWA Co .,Ltd.

9663 · 株式会社ナガワ

The company announced a change in its Representative Director (CEO) effective April 1, 2026. Hamano Shindai will succeed Niimura Ryo as Representative Director and President, with Niimura transitioning to Senior Managing Director. The succession was approved at the Board of Directors meeting held on January 26, 2026.

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.