📋 Material Events 2170

—

MHAM J-REIT Active Fund (Monthly Distribution Type) filed a regular extraordinary report disclosing trust asset calculation documents for three consecutive calculation periods (147th-149th). The report presents distribution amounts of 40 yen per 10,000 units and period-end NAV data, with the fund showing positive performance in periods 147 and 149, and a slight decline in period 148.

—

Shinko US-REIT Open (bi-monthly settlement type) reports its 13th calculation period results (November 6, 2025 - January 5, 2026) with a distribution of 30 yen per 10,000 units and period return of 2.12%. The fund's total net assets at period end were approximately 357.27 million yen with 303.56 million units outstanding.

—

Shinko US-REIT Open (新光 US-REIT オープン) filed a periodic extraordinary report disclosing trust asset calculations for three consecutive calculation periods (251st-253rd) from October 2025 to January 2026. The report includes distribution amounts of 15 yen per 10,000 units and period-end net asset values declining from approximately 326.1 billion yen to 318.6 billion yen across the three periods.

—

This is a periodic distribution report for the Ozeguidance investment trust (尾瀬紀行) for the 117th calculation period (November 6, 2025 - January 5, 2026). The fund distributed 40 yen per 10,000 units and achieved a period return of 5.17%, with period-end net assets totaling approximately 2.39 billion yen.

FRIENDLY CORPORATION

8209 · 株式会社フレンドリー

Joyful Co., Ltd. (parent company owning 52.46% of shares) is executing a stock consolidation of Friendly Co., Ltd. to take the company private. The consolidation will result in fractional shares held by minority shareholders being sold to Joyful, with minority shareholders receiving 315 yen per reference share as compensation (subject to court approval).

FUSO DENTSU CO., LTD.

7505 · 扶桑電通株式会社

Fuso Denso Co., Ltd. resolved to dispose of 540,000 treasury shares at ¥1,968 per share (January 16, 2026 closing price) for a total amount of ¥1,062,720,000 to fund its J-ESOP (Japanese Employee Stock Ownership Plan). The shares will be held in trust by Mizuho Trust Bank and distributed to 884 eligible employees based on grade-determined points to enhance employee motivation and align compensation with stock price and business performance.

譬ェ蠑丈シ夂、セ繧オ繝シ繝舌�シ繝ッ繝シ繧ッ繧ケ

4434 · 株式会社サーバーワークス

BS Asset Management Co., Ltd. increased its voting rights stake in the company from 10.00% (7,700 voting rights) to 17.07% (12,700 voting rights) as of January 19, 2026. This material change in major shareholder composition is being reported in accordance with the Financial Instruments and Exchange Act Article 24-5(4) and related cabinet office regulations.

Power X Co., Ltd.

485A · 株式会社パワーエックス

Acumen Inc., a major shareholder, received the return of 1,258,200 shares (12,582 voting rights) that were loaned to Mitsubishi UFJ Morgan Stanley Securities for an overallotment offering related to the company's IPO on the Tokyo Stock Exchange Growth Market on January 19, 2026. This resulted in the shareholder's voting rights increasing from 31,978 (8.81%) to 44,560 (11.85%).

KOMAIHALTEC Inc.

5915 · 株式会社駒井ハルテック

Komaiike Megumi has been appointed as the new Representative Director and President, effective April 1, 2026, succeeding Nakamura Takatoshi who will transition to the position of Board Chairman. Komaiike has served in various roles within the company since 2010, most recently as Senior Managing Director and Senior Executive Officer.

Speee, Inc.

4499 · 株式会社Speee

Speee Inc. resolved to issue 68,500 shares of restricted stock as compensation to 5 executive directors and 150 employees under a restricted stock award program. The shares will be issued at 2,798 yen per share with a total value of 191,663,000 yen, with transfer restrictions lasting from February 2026 to February 2029 for directors and March 2026 to February 2029 for employees.

Plus Alpha Consulting Co., Ltd.

4071 · 株式会社プラスアルファ・コンサルティング

Plus Alpha Consulting resolved on January 19, 2026 to issue two tranches of stock options to directors and employees: 1,276 tax-qualified warrants (free issuance) and 724 paid warrants (¥2,500 per warrant). The tax-qualified options vest upon stock price reaching 140% of exercise price, while paid options include earnings targets of ¥6.5B+ for FY2026 and ¥7.0B+ for FY2027-2029, exercisable through January 2036.

KFC Ltd

3420 · 株式会社ケー・エフ・シー

On January 10, 2026, Shunta Takada, Representative Director and Chairman of the company, passed away. This extraordinary report documents the management succession resulting from his death and the resulting changes to the company's representative director positions.

The Japan Steel Works, Ltd.

5631 · 株式会社日本製鋼所

Japan Steel Works Ltd. (日本製鋼所) will absorb its wholly-owned subsidiary Japan Steel Works M&E Co., Ltd. through an absorption merger effective April 1, 2026. The merger aims to streamline operations, accelerate synergies in defense-related products, advance GaN crystal technology development, and strengthen corporate governance by consolidating the materials and engineering business into the parent company.

ADVANTEST CORPORATION

6857 · 株式会社アドバンテスト

Advantest announced the issuance of 3,713 shares through a post-grant restricted stock unit (事後交付型譲渡制限付株式ユニット制度) system to one employee of an overseas subsidiary. The shares were priced at ¥22,800 per share (based on January 16, 2026 closing price), with total issuance value of ¥84,656,400. Share allocation is conditional upon continuous employment for a 3-year vesting period, with pro-rata adjustments for separations with just cause or organizational restructuring.

Birdman Inc.

7063 · 株式会社Birdman

The company sold a portion of its investment securities (有価証券) on December 30, 2025, resulting in a gain on sale of investment securities. This gain of 62 million yen will be recorded as extraordinary income in the second quarter of the fiscal year ending June 2026 for both individual and consolidated financial statements.

ITOCHU Corporation

8001 · 伊藤忠商事株式会社

Two Representative Directors resigned effective March 31, 2026. Kobayashi Fumihiko (Representative Director, Senior Executive Officer, CAO) and Hachimura Takeshi (Representative Director, Senior Executive Officer, CFO) both stepped down from their positions following a board resolution dated January 16, 2026.

Good Com Asset Co., Ltd.

3475 · 株式会社グッドコムアセット

Liberty Co., Ltd. filed a damage compensation lawsuit against the company on December 1, 2025, at the Tokyo District Court, claiming 3.706 billion yen for alleged breach of real estate transaction negotiations. The company contends it made no commitment to the transaction as board approval was a stated condition never granted, and will vigorously contest the claims for full dismissal.

Ficha, Inc.

4052 · フィーチャ株式会社

A major shareholder, Kenichiro Waki, ceased to be a principal shareholder of the company. His voting rights decreased from 5,899 shares (10.09% of total shareholder voting rights) to 5,844 shares (9.99%) as of January 15, 2026, falling below the 10% threshold that defines major shareholder status.

—

This is a periodic trust asset calculation report for the "One World High-Dividend Stock Open (Monthly Settlement Course)" investment fund covering three consecutive calculation periods from September 2025 to December 2025. The report discloses trust fund valuation metrics, distribution amounts, and performance data as required by financial instruments regulation.

—

DIAM Global Income Open (Monthly Settlement Course) filed a regular calculation report disclosing trust asset computations for three consecutive calculation periods (239th-241st) from September through December 2025. The report shows distribution payments of 20 yen per 10,000 units, period-end NAVs ranging from 11,358 to 11,591 yen, and varying intra-period returns.

Terra Technology Co., Ltd.

483A · テラテクノロジー株式会社

A major shareholder, Kazunari Miyamoto, has reduced their shareholding below the 10% threshold on January 16, 2026. The shareholder's voting rights decreased from 2,000 units (12.27% of total) to 1,145 units (7.02% of total), triggering mandatory disclosure under the Financial Instruments and Exchange Act Article 24-5.

H.U. Group Holdings, Inc.

4544 · H.U.グループホールディングス株式会社

Ishikawa Takao will succeed Takeuchi Shigekazu as Representative Executive Officer (CEO) and Group CEO effective April 1, 2026. Takeuchi, born in 1953, will transition to Director and Executive Officer status. Ishikawa, with extensive experience at Fujirebio and corporate backgrounds at Boston Consulting Group and Elsevier, brings significant operational and strategic expertise to the top position.

Start Line Co., Ltd.

477A · 株式会社スタートライン

West Corporation (株式会社ウエスト) increased its voting rights from 5.34% to 10.36% of total voting rights, crossing a material shareholding threshold. The change occurred on January 23, 2026, triggered by an overallotment share offering, requiring disclosure under the Financial Instruments and Exchange Act Article 24-5(4).

Aplix Corporation

3727 · 株式会社アプリックス

Applix Corporation announced a stock exchange transaction on January 16, 2026 whereby it will become the complete parent company and acquire all issued shares of GlobalCast Corporation (based in Nagoya, Aichi). The transaction is scheduled to be effective on April 1, 2026, following shareholder approval at both companies' general meetings. Post-acquisition, Applix plans to transition to a holding company structure to enhance synergies and accelerate business growth.

Next Generation Technology Group, Inc.

319A · 株式会社技術承継機構

The company's consolidated subsidiary NGTG17 has decided to acquire all issued shares of Horikoshi Seiki Co., Ltd., a precision cutting machine manufacturer, for 2,612 million yen as of January 16, 2026. The acquisition is intended to preserve and transmit Horikoshi Seiki's cutting technology to the next generation as part of the company's continuous acquisition business model in the manufacturing sector.

SAINT-CARE HOLDING CORPORATION

2374 · セントケア・ホールディング株式会社

The company's board of directors resolved on January 16, 2026 to hold an extraordinary shareholders' meeting on February 18, 2026 to approve a stock consolidation (5,905,149 shares into 1 share) as part of a management buyout (MBO) transaction. Color Inc. has already acquired 40.74% of the company's shares through a tender offer completed on December 29, 2025 at 1,070 yen per share, with plans to acquire all remaining shares excluding certain non-tendering shareholders.

HINO MORTORS,LTD.

7205 · 日野自動車株式会社

The company has decided to sell its entire stake in HOTAI MOTOR CO., LTD. to Toyota Motor Corporation. The sale is expected to generate a special gain of approximately 30.1 billion yen in the fiscal year ending March 2026, with the transaction constituting part of a broader management integration initiative involving Mitsubishi Fuso Truck and Bus.

Nomura Holdings, Inc.

8604 · 野村ホールディングス株式会社

The company decided to allocate shares under its Restricted Stock Unit (RSU) program to directors, executive officers, and employees of the company and its subsidiaries. Four separate RSU tranches (57th through 60th) totaling approximately 4.5 million shares are being issued with a unit price of 1,492 yen per share, with settlement scheduled between 2027 and 2029. The allocation is primarily targeted at overseas employees in Europe, Americas, and Asia (excluding Japan).

AHC GROUP INC.

7083 · AHCグループ株式会社

The company recognized impairment losses on fixed assets held in its welfare, nursing care, and food service business segments as of January 16, 2026, based on reassessment of future recoverability considering changes in business environment and earnings outlook. The impairment resulted in special losses of 61,428 thousand yen on a consolidated basis and 25,283 thousand yen on a non-consolidated basis for the fourth quarter of the fiscal year ending November 2025.

譬ェ蠑丈シ夂、セ繧ォ繝ゥ繝€繝弱�シ繝�

4014 · 株式会社カラダノート

Karada Note Co., Ltd. issued 700 warrants (stock acquisition rights) on January 16, 2026, with each warrant exercisable for 100 common shares, totaling 70,000 shares. The warrants have an issuance price of 580 yen per warrant and an exercise price of 459 yen per share, with exercise conditional on the company achieving operating profit exceeding 300 million yen between fiscal 2026-2028 and the recipient remaining an employee/officer.

OGURA CLUTCH CO.,LTD.

6408 · 小倉クラッチ株式会社

The company's board of directors resolved on January 16, 2026 to dissolve and liquidate its wholly-owned subsidiary Ogura Clutch India PVT. LTD., a company engaged in sales of transportation equipment and general industrial products based in Gurugram, India. The liquidation will proceed according to local legal requirements in India, and the subsidiary will cease to be a specified subsidiary of the company upon completion of the liquidation process.

LIFULL Co.,Ltd.

2120 · 株式会社LIFULL

The company filed a corrective extraordinary report to revise details of the 5th issuance of stock acquisition rights (新株予約権). The number of warrants was reduced from 31,600 to 11,300 units, with corresponding reductions in total shares allocable (from 3,160,000 to 1,130,000 shares) and recipient count (from 950 to 213 persons).

Renesas Electronics Corporation

6723 · ルネサスエレクトロニクス株式会社

Renesas Electronics Corporation decided to grant Restricted Stock Units (RSUs) to employees of its overseas subsidiaries under its post-vesting equity compensation plan. The company will issue up to 1,106,200 common shares with a total issuance value of approximately 2.598 billion yen, with capital contribution of 1.299 billion yen based on the stock price as of January 15, 2026.

譬ェ蠑丈シ夂、セ譌・譛ャ蜍慕黄鬮伜コヲ蛹サ逋ゅそ繝ウ繧ソ繝シ

6039 · 株式会社日本動物高度医療センター

Pilgrim Partners Asia Pte Ltd ceased to be a major shareholder of the company on December 17, 2025. The shareholder's voting rights decreased from 2,955 units (10.87%) before the change to 13,146 units (9.67%) after the change, following a 1:5 stock split that became effective on December 17, 2025.

Renesas Electronics Corporation

6723 · ルネサスエレクトロニクス株式会社

The company decided to dispose of 820,753 treasury shares at ¥2,349 per share (total value ¥1.93 billion) to 406 overseas executives and subsidiary employees as part of a post-grant equity compensation program. The disposition is conducted through in-kind contribution method, where monetary compensation receivables are converted into treasury stock allocations, with no cash proceeds to the company.

BrainPad Inc.

3655 · 株式会社ブレインパッド

Japan Mastertrust Bank Co., Ltd. (Trust Account) ceased to be a major shareholder of the company as of December 31, 2025. The shareholder's voting rights decreased from 25,037 shares (11.97% of total) to 7,066 shares (3.38% of total), falling below the major shareholder threshold.

TSUMURA & CO.

4540 · 株式会社ツムラ

The company executed a syndicated term loan agreement on January 16, 2026, with financial covenants attached. The facility consists of two tranches totaling 500 billion yen (Tranche A: 205 billion yen due 2033, Tranche B: 295 billion yen due 2036) provided by a consortium of major and regional banks.

Life Foods Co., Ltd.

3065 · 株式会社ライフフーズ

A change in major shareholder has occurred following the death of Shimizu Shio (company advisor). Shimizu Akiko, representing the heirs, has become a major shareholder with 4,092 voting rights, representing 12.56% of total voting rights as of August 31, 2025.

—

One/Fermat CAT Bond Fund (quarterly distribution type, unhedged) reports third calculation period results for the period from September 26, 2025 to December 25, 2025. The fund distributed 50 yen per 10,000 units and achieved a period return of 9.29%, with end-of-period net assets totaling approximately 892.8 million yen.

Life Foods Co., Ltd.

3065 · 株式会社ライフフーズ

A major shareholder, Shizuka Shimizu, ceased to be a principal shareholder following his death on June 20, 2025. His voting rights decreased from 4,092 shares (12.56% of total voting rights) to zero, triggering mandatory disclosure under the Financial Instruments and Exchange Act.

MITSUI & CO., LTD.

8031 · 三井物産株式会社

Two Representative Directors will step down from their executive positions effective April 1, 2026. Takemasui Yoshiaki (Representative Director, Vice President, Executive Officer, CHRO & CCO) and Shigeta Tetsuya (Representative Director, Vice President, Executive Officer, CFO) will transition to regular Director roles, though the report does not specify their successors.

TORICO Co.,Ltd.

7138 · 株式会社TORICO

Teitz Co., Ltd. (株式会社テイツー), a major shareholder of the reporting company, has reduced its voting rights stake from 12.06% (15,000 voting rights) to 5.59% (8,242 voting rights) as of January 13, 2026. This divestiture results in Teitz Co., Ltd. ceasing to be classified as a major shareholder following the company's third-party capital allocation and capital-business alliance agreement announced on December 17, 2025.

Barcos Co., Ltd.

7790 · 株式会社バルコス

The company's board of directors resolved on January 15, 2026 to acquire all issued shares of Tōyō Bussan Co., Ltd. (excluding shares held by its parent company and treasury shares) to make it a wholly-owned subsidiary. The company will also acquire all shares of T.H. Management Co., Ltd., the asset management and parent company of Tōyō Bussan, to achieve 100% subsidiary status. This acquisition is part of the company's medium-term management plan (2026-2028) targeting growth through M&A to reach a 30 billion yen enterprise.

THE WHY HOW DO COMPANY, Inc.

3823 · THE WHY HOW DO COMPANY株式会社

A subsidiary of the company sold fixed assets and recognized civil rehabilitation-related expenses as special losses in consolidated financial statements for the first quarter of fiscal year ending August 2026. The company recorded 53 million yen in civil rehabilitation-related costs following the confirmation of new obligations under a civil rehabilitation plan.

Koryojyuhan Co., Ltd.

3495 · 香陵住販株式会社

Kōryō Juuhan Co., Ltd. resolved to issue the 3rd series of stock acquisition rights (warrants) to executive officers, employees, and subsidiary officers/employees as employee compensation. A total of 401 warrants will be granted (each warrant represents 100 common shares), with an allocation date of May 29, 2026 and exercise period from February 1, 2028 to January 31, 2033.

Kuroda Group Co., Ltd.

287A · 黒田グループ株式会社

The company's board of directors resolved on January 15, 2026 to change its representative director effective June 23, 2026. Yoshinobu Tao will be promoted from Vice President Executive Officer and Director to Representative Director and President, while Koichi Hosokawa will step down as Representative Director and retire from the board at the conclusion of the upcoming shareholders' meeting.

DAICEL CORPORATION

4202 · 株式会社ダイセル

Daicel Corporation resolved to integrate all business operations of its wholly-owned subsidiary Polyplastics Co., Ltd. through an absorption merger effective April 1, 2026. The merger aims to strengthen engineering plastics business, enhance synergies through knowledge sharing, and optimize corporate functions to maximize enterprise value.

Wel-Dish. Incorporated

2901 · 石垣食品株式会社

The company approved a simplified spin-off effective February 24, 2026, to establish a new subsidiary, Ishigaki Food Co., Ltd., which will assume all rights and obligations related to the consumer food and beverage sales business. Subsequently, the parent company plans to transfer 34% of the newly established company's shares to Hiroyoshi Ishigaki on the same effective date.

COPRO-HOLDINGS. Co., Ltd.

7059 · 株式会社コプロ・ホールディングス

The company acquired all shares of Torait K.K., which wholly owns Torait Engineering K.K., a staffing and personnel placement service provider for the construction industry. The acquisition aims to strengthen the company's position in the construction technical staffing market by combining operational expertise, customer bases, and digital marketing capabilities to achieve industry-leading status.

Repriority Co., Ltd.

242A · 株式会社リプライオリティ

The company's statutory auditor, Sinsia Audit Corporation, will retire upon completion of their term at the 28th Annual General Meeting of Shareholders on December 25, 2025. Avantia Audit Corporation has been appointed as the new statutory auditor, selected based on professional expertise, independence, quality control systems, audit fee levels, and enhanced communication proximity as both firms are based in Fukuoka.