📋 Material Events 2170

Kamakura Shinsho, Ltd.

6184 · 株式会社鎌倉新書

SOMPO Holdings Co., Ltd. will acquire a 10.00% stake in the company through a third-party capital allocation and treasury stock disposal, scheduled for January 9, 2026. This transaction will result in SOMPO Holdings becoming a major shareholder with 41,194 voting rights out of the total 411,744 voting rights post-transaction.

6173

6173

ITJ Corporation's ownership stake in the company was diluted from 10.70% to 9.80% following the exercise of Aqualine Corporation's second series of warrants on December 23, 2025. The warrant exercise resulted in an increase of 7,000 voting rights, causing the major shareholder's percentage to fall below the 10% threshold.

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DIAM Emerging Market Bond Fund (DIAM新興資源国債券ファンド) filed an extraordinary report disclosing trust asset calculations for three consecutive periods (190-192) ending between October-December 2025. The report includes distribution payments of 30 yen per 10,000 units and period-end NAVs ranging from 5,810 to 5,976 yen per 10,000 units.

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DIAM High-Grade Foreign Bond Fund (DIAM高格付外債ファンド) filed an extraordinary report disclosing trust asset calculations and performance metrics for three consecutive calculation periods (202nd-204th) from September to December 2025. The report shows distribution payments of 10 yen per 10,000 units across all three periods, with period-end NAV ranging from 4,548 to 4,743 yen and performance returns between 1.41% to 3.28%.

SEKIDO CO.,LTD

9878 · 株式会社 セキド

A major shareholder, Sekido Kogyo Co., Ltd. (有限会社関戸興産), has ceased to be a major shareholder of the company. While the shareholder maintained 3,000 voting rights, their ownership percentage decreased from 10.20% to 9.78% due to capital increase from warrant exercise. The company filed this extraordinary report on January 8, 2026, disclosing the shareholder status change as of December 5, 2025.

TSURUHA HOLDINGS INC.

3391 · 株式会社ツルハホールディングス

The company acquired Welcia Holdings Inc. as a consolidated subsidiary through a stock exchange on December 1, 2025. This acquisition resulted in a gain of 10,583 million yen from step acquisition, which will be recorded as extraordinary profit in the consolidated financial statements for the fiscal year ending February 2026.

THE DAITO BANK, LTD.

8563 · 株式会社大東銀行

The reporting company experienced a material change in its major shareholders. Toho Bank Co., Ltd. increased its shareholding from 1.56% to 19.67% of voting rights (1,965 to 24,780 voting shares), becoming a major shareholder, while HS Holdings Co., Ltd. reduced its stake from 19.49% to 1.38%, ceasing to be a major shareholder. This change occurred on December 26, 2025.

MFS, Inc.

196A · 株式会社MFS

The company is issuing 1,019,600 new shares through a third-party allocation to Zennoku Hoshō Co., Ltd., which will become a major shareholder with 10.0% voting rights. The capital increase is scheduled for January 8, 2026, and will raise capital from 63.11 million yen to 196.68 million yen.

Kaizen Platform, Inc.

4170 · 株式会社Kaizen Platform

SBI Securities Co., Ltd. has increased its voting rights in the company from 6.78% to 10.95%, crossing a significant shareholding threshold. This change occurred on December 24, 2025, and is being reported pursuant to financial instruments exchange law requirements for major shareholder notifications.

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The company's subsidiary JJB Link Logistics Hong Kong Limited, an international logistics company based in Hong Kong with 100% ownership, has been delisted as a specific subsidiary following its liquidation. The liquidation was completed on December 25, 2025, resulting in the company no longer holding any voting rights in the subsidiary.

GFOOT CO.,LTD.

2686 · 株式会社ジーフット

The company recognized an impairment loss of ¥121 million on a portion of its store assets and shared facilities as of January 7, 2026. This impairment loss will be recorded as an extraordinary loss in both the individual and consolidated financial statements for the third quarter of fiscal year ending February 2026.

RIGHT ON Co.,Ltd

7445 · 株式会社ライトオン

The company recorded special gains of 87 million yen in Q1 FY2026 (Sept-Nov 2025), comprising 58 million yen from store closure reserve reversals related to confirmed store closures and 29 million yen from warrant expiration gains. Offsetting these gains, the company recorded a special loss of 112 million yen due to impairment losses on newly acquired assets including shared assets, resulting in a net loss of 25 million yen.

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This extraordinary report discloses the trust asset calculation documents for a Currency-Selective J-REIT Fund (Monthly Distribution Type) across four currency courses (JPY, USD, AUD, BRL) for three calculation periods (177th-179th). The report provides fund performance metrics including distribution amounts, net assets, unit prices, and period-over-period changes as required under the Financial Instruments Transaction Law.

HIKARI BUSINESS FORM CO., LTD.

3948 · 光ビジネスフォーム株式会社

Be Brave株式会社 has become the company's largest shareholder, increasing its voting rights from 0.5% (300 shares) to 10.7% (5,810 shares) as of December 31, 2025. Simultaneously, 内外カーボンインキ株式会社 has ceased to be the top shareholder while maintaining its 10.2% stake, representing a significant shift in the company's major shareholder composition.

SUMITOMO DENSETSU CO.,LTD.

1949 · 住友電設株式会社

Daiwa House Industry Co., Ltd. has launched a tender offer to acquire all shares of the company (excluding treasury stock and non-tendered shares held by Sumitomo Electric Industries, the parent company) with the objective of making the company a wholly-owned subsidiary. The acquisition involves a stock consolidation to squeeze out minority shareholders, followed by treasury stock acquisition at a separately determined price.

GreenEnergy & Company Inc.

1436 · 株式会社フィット

The company entered into a syndicated loan agreement with multiple financial institutions including regional banks on January 7, 2026, with a principal amount of 2 billion yen and repayment due January 25, 2033. The loan includes financial covenants requiring the company to maintain consolidated net assets at no less than 75% of the April 2025 fiscal year-end level and to avoid consecutive operating losses (before depreciation deductions), with breach resulting in loss of repayment grace period.

AEON Co.,Ltd.

8267 · イオン株式会社

The filing company completed a tender offer for all ordinary shares of Tsuruhaholdinglings Co., Ltd. (ツルハホールディングス) during the period from December 3, 2025 to January 6, 2026. As a result, the company will acquire 50.11% voting rights on the settlement date of January 14, 2026, making the target company and its subsidiary Welcia Pharmaceutical Co., Ltd. (ウエルシア薬局株式会社) subsidiaries of the filing company. Welcia Pharmaceutical qualifies as a specified subsidiary due to its net assets exceeding 30% of the filing company's net assets.

AEON Co.,Ltd.

8267 · イオン株式会社

The company completed a tender offer for common shares of Tsuruhа Holdings Co., Ltd. (an equity-method affiliate) from December 3, 2025 to January 6, 2026. Following settlement on January 14, 2026, Tsuruhа Holdings will become a consolidated subsidiary, and the company expects to recognize a step acquisition gain as extraordinary income in the February 2026 fiscal year results.

ROHTO PHARMACEUTICAL CO.,LTD.

4527 · ロート製薬株式会社

The company's board of directors approved on January 7, 2026 the acquisition of ordinary and preferred shares of Thann Oryza Co., Ltd. through a subsidiary, resulting in the target becoming a subsidiary with 51% ownership. The acquisition is scheduled to be completed on March 31, 2026 and triggers mandatory disclosure as the target qualifies as a specified subsidiary.

TSURUHA HOLDINGS INC.

3391 · 株式会社ツルハホールディングス

Aeon Corporation completed a tender offer for Welcia Holdings' ordinary shares during the period from December 3, 2025 to January 6, 2026. Following the acquisition of 40,727,772 shares, Aeon's voting rights will exceed 50% of total shareholder voting rights, making it the new parent company of Welcia effective January 14, 2026.

OPTOELECTRONICS CO.,LTD.

6664 · 株式会社オプトエレクトロニクス

The company completed a third-party allotment of ordinary shares to Acer Japan Inc. and Esquarre Vision Limited on January 7, 2026, as resolved by the Board of Directors on November 28, 2025. This capital increase resulted in a change of major shareholders, with the two new investors acquiring 38.84% and 20.01% voting rights respectively, while existing shareholder Masatoshi Tawara's voting stake was diluted from 19.13% to 7.87%.

Silver Egg Technology CO.,Ltd.

3961 · シルバーエッグ・テクノロジー株式会社

株式会社イルグルム (Ilgloom Inc.) completed a public tender offer for the company's ordinary shares and stock acquisition rights from November 17, 2025 to January 6, 2026. Following the acquisition of 1,864,500 shares, Ilgloom will become the parent company with 62.63% voting rights (18,645 votes) as of the settlement date of January 14, 2026.

YRGLM Inc.

3690 · 株式会社イルグルム

The filing company completed a public tender offer for all common shares and warrants of SilverEgg Technology Co., Ltd. from November 17, 2025 to January 6, 2026. As a result of the acquisition, SilverEgg Technology will become a specified subsidiary of the filing company with 62.63% voting rights as of January 14, 2026 (settlement date).

YRGLM Inc.

3690 · 株式会社イルグルム

The company resolved on January 7, 2026 to draw down 14,350 million yen from a committed term loan facility with Mizuho Bank, with execution scheduled for January 9, 2026. The loan matures on November 30, 2033, and is subject to three financial covenants including minimum equity requirements, consecutive loss restrictions, and a net leverage ratio cap of 5x.

JOHNAN ACADEMIC PREPARATORY INSTITUTE,INC.

4720 · 株式会社城南進学研究社

A major shareholder, Katsumi Shimomura, reduced their shareholding below the 10% threshold. The shareholder's voting rights decreased from 8,820 shares (10.62% of total voting rights) to 8,291 shares (9.98%), as of December 29, 2025, triggering the disclosure requirement under the Financial Instruments and Exchange Act.

Barcos Co., Ltd.

7790 · 株式会社バルコス

The company executed an unsecured loan agreement totaling 360 million yen with two regional banks on January 5, 2026, with repayment due by December 20, 2035. The loan is subject to financial covenants requiring the company to maintain consolidated net assets at no less than 90% of the December 2024 baseline (or 90% of the previous fiscal year-end, whichever is higher) and to avoid operating losses in subsequent fiscal years.

Fujiya Co.,Ltd

2211 · 株式会社不二家

Yamada Norinori, the Representative Director of the company, resigned from his positions as Representative Director and Director effective December 29, 2025. He will transition to the role of Chairman. This filing was submitted in accordance with the Financial Instruments and Exchange Act Article 24-5(4) and Cabinet Office Ordinance Article 19(2)(9) regarding disclosure of material corporate changes.

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Global Security Equity Fund (3-month settlement type) reported its 40th calculation period results for the quarter ending December 17, 2025. The fund distributed 450 yen per 10,000 units and achieved a period return of 5.10%, with a period-end NAV of 10,875 yen per 10,000 units and total net assets of approximately 64.6 billion yen.

SCSK Corporation

9719 · SCSK株式会社

{ "event_category": "M&A - Acquisition", "event_subcategory": "Going Private Transaction - Tender Offer followed by Stock Consolidation", "summary_en": "The company's parent company Sumitomo Corporation, through its subsidiary SC Investments Management Inc., launched a tender offer to acquire all outstanding shares and make the company private. Following the tender offer completion on December 19, 2025, the acquirer owns 38.09% of shares, and the company will execute a stock consolidation

Kirin Holdings Company, Limited

2503 · キリンホールディングス株式会社

The company has decided to dissolve and liquidate Lion Global Craft Beverages Pty Ltd, its wholly-owned subsidiary engaged in alcoholic beverage business in Australia. As a result of this liquidation, the subsidiary will no longer qualify as a specified subsidiary of the company, with the process expected to be completed during 2026.

Mitsubishi HC Capital Inc.

8593 · 三菱HCキャピタル株式会社

Mitsubishi HC Capital Realty Co., Ltd. (a consolidated subsidiary) decided on January 5, 2026, to make a staged investment in Fukuoka Kasuga Logistics Special Purpose Company from January 2026 through May 2027. Upon completion of the investment, the capital will reach ¥4,180 million with the parent company holding 99.99% voting rights, making it a specified subsidiary by May 2027.

TORICO Co.,Ltd.

7138 · 株式会社TORICO

The company completed a third-party allocation of new shares to Shooting Star 1 Godo Kaisha (investment partnership) on January 6, 2026, resulting in a material change in major shareholders. Shooting Star 1's voting rights increased from 9.19% to 23.36% of total shareholder voting rights through this capital raise.

H.I.S. Co., Ltd.

9603 · 株式会社エイチ・アイ・エス

H.I.S. GLOBAL TRAVEL PTE. LTD., a consolidated subsidiary of the company, established a new subsidiary called HIS GLOBAL BUSINESS Limited Liability Company in Uzbekistan on September 8, 2025. The new company has a capital of 800,000,000 Uzbekistani Som and operates in the travel business sector, with the parent company holding 100% voting rights.

Premium Group Co., Ltd.

7199 · プレミアグループ株式会社

The company entered into a money-lending contract (金銭消費貸借契約) with Sumitomo Mitsui Trust Bank on December 30, 2025, for 2,000 million yen with a repayment deadline of December 30, 2030. The loan includes two financial covenants: maintaining consolidated equity at 75% or more of the prior fiscal year-end level, and ensuring operating profit does not turn negative for two consecutive fiscal periods.

ACSL Ltd.

6232 · 株式会社ACSL

The company received a government subsidy of 385,733 thousand yen on December 26, 2025, under the Ministry of Economy, Trade and Industry's FY2024 supplementary budget program for the 'Small and Medium Enterprise Innovation Creation Promotion Project.' The subsidy is for a project focused on performance improvement and social implementation of small unmanned aerial vehicles (drones) to meet administrative needs, and will be recorded as non-operating revenue in the fiscal year ended December 2025.

SOLIZE Co., Ltd.

5871 · SOLIZE Holdings株式会社

The company acquired 100% ownership of Kabuushiki Kaisha Yui (株式会社結), a credit guarantee and financial services company, through indirect ownership on January 8, 2026. The acquisition results in the company obtaining voting rights of 5,000 shares representing 100% of the subsidiary's total voting rights. This filing is submitted as the subsidiary meets the criteria of a specified subsidiary with capital equal to or exceeding 10% of the company's capital.

VECTOR INC.

6058 · 株式会社ベクトル

Shoji Nishie, the company's representative director, chairman and president CEO, has divested 13,105,745 shares (27.95% of total voting rights) to Freeway Co., Ltd., an asset management company controlled by Hiroshi Hashimoto (company advisor), making Freeway the new largest shareholder. The divestiture occurred through two off-market private transactions on December 23-24, 2025, totaling approximately 11.53 billion yen, with a buyback option for Nishie until July 31, 2026.

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{ "event_category": "Financial - Earnings Revision", "event_subcategory": "Fund Performance Report - Distribution and NAV Disclosure", "summary_en": "DIAM J-REIT Active Fund (Monthly Distribution Type) filed an extraordinary report disclosing trust asset calculations and fund performance for three consecutive calculation periods (226th-228th) from September to December 2025. The report includes distribution amounts, total net assets, unit counts, NAV per 10,000 units, and intra-period retu

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DIAM J-REIT Open (Monthly Settlement Course) filed a temporary report disclosing trust asset calculations and distribution information for three consecutive periods (256th-258th) from September to December 2025. The report shows monthly dividend distributions of 25 yen per 10,000 units across all three periods, with total net assets ranging from 45.6 to 47.4 billion yen and period-end NAV fluctuating between 3,612 and 3,738 yen per 10,000 units.

LUCKLAND CO., LTD.

9612 · 株式会社ラックランド

The company recorded a provision for doubtful accounts of 599 million yen in the fourth quarter of fiscal year 2025 due to significantly reduced collectibility of long-term receivables from a major client. Despite this special loss, the company maintains its previously announced earnings and dividend forecasts due to strong recent performance.

Ureru Net Advertising Group Co.,Ltd.

9235 · 売れるネット広告社グループ株式会社

The company announced a change in representative director (代表取締役) effective January 5, 2026. Shuuhei Uekihara, currently serving as director and CFO, will be promoted to representative director and president/CEO, while Kouichi Leo Katou transitions from representative director and president/CEO to chairman.

PEGASUS CO., LTD.

6262 · 株式会社PEGASUS

Be Brave Corporation increased its voting rights in the company from 9.58% to 10.58% (23,754 to 26,249 voting shares) as of December 26, 2025. This major shareholder change is reported in accordance with the Financial Instruments and Exchange Act Article 24-5(4) and related Cabinet Office regulations.

Chubu Electric Power Company,Incorporated

9502 · 中部電力株式会社

The company disclosed that irregularities were discovered in the seismic ground motion evaluation method used for Hamaoka Nuclear Power Plant Units 3 and 4 during regulatory review. The actual methodology deviated from what was explained to regulators, involving intentional selection of representative seismic waves that did not match the statistical average as claimed. The company established an independent third-party committee on January 5, 2026 to investigate the matter and develop corrective measures.

APPLE INTERNATIONALCO.,LTD.

2788 · アップルインターナショナル株式会社

The company sold a portion of its held investment securities on December 25, 2025, resulting in an investment securities gain. This gain of 500 million yen is expected to be recorded as extraordinary profit in the consolidated financial statements for the fiscal year ending December 2025.

Fines, Inc.

5125 · 株式会社ファインズ

The company has decided to acquire all shares of Orpla Co., Ltd. and Nexil Co., Ltd. through a board resolution on December 26, 2025, making both companies wholly-owned subsidiaries. The acquisitions are part of the company's strategic expansion into direct talent acquisition and recruitment services to complement its existing DX support business. The combined acquisition value is approximately ¥1,096 million including advisory fees.

SANYU CONSTRUCTION CO.,LTD.

1841 · サンユー建設株式会社

Cabalo Kikaku Co., Ltd. successfully completed a public tender offer for ordinary shares from November 13 to December 25, 2025, acquiring 1,526,163 shares. As a result of the acquisition, Cabalo Kikaku will become the parent company and controlling shareholder of the target company with 49.86% voting rights as of the settlement date of January 6, 2026.

KOSAIDO Holdings Co., Ltd.

7868 · 株式会社広済堂ホールディングス

The company acquired 13,439,200 treasury shares on December 30, 2025, through off-exchange trading (TosTNeT-3). This acquisition reduced total voting rights, causing the major shareholder Asahi Kasei Corporation's ownership percentage to increase from 9.56% to 10.56% despite no change in absolute share count.

V-cube, Inc.

3681 · 株式会社ブイキューブ

The company's board of directors resolved on December 29, 2025 to sell a portion of its investment securities holdings to improve asset efficiency and strengthen its financial position. The sale is expected to generate 598 million yen in investment securities gains to be recorded as extraordinary income in Q4 fiscal year 2025.

Mirative Co., Ltd.

472A · 株式会社ミラティブ

Globis Fund No. 5 (グロービス５号ファンド投資事業有限責任組合) increased its ownership stake in the company from 7.87% to 10.52% following the completion of an overallotment share offering related to the company's listing on the Tokyo Stock Exchange Growth Market. The increase resulted from the return of 449,200 shares that had been loaned to Mitsubishi UFJ Morgan Stanley Securities on December 29, 2025.

Canare Electric Co., Ltd.

5819 · カナレ電気株式会社

The company announced a CEO succession effective January 1, 2026. Noda Jiro (born April 1, 1968) will transition from Director and Executive Officer to Representative Director and President/CEO, while incumbent CEO Nakajima Masataka (born June 23, 1963) will step down to Director status. Noda brings 34 years of company experience, including previous roles managing domestic sales, subsidiaries, and the connected products business division.