📋 Material Events 1086

TOSHIBA TEC CORPORATION

6588 · 東芝テック株式会社

The company announces a planned change in representative director roles effective June 29, 2026. Yasuki Ohnishi will be promoted from Senior Managing Executive Officer to Representative Director, President, and Chief Operating Officer (COO), while current Representative Director and President Hironobu Nishikori will transition to Representative Director, Chairman, and Chief Executive Officer (CEO).

VECTOR INC.

6058 · 株式会社ベクトル

The company decided to divest its stake in subsidiary Ashita no Team (67.6% ownership) to Wellness Communications Corporation to pursue stronger business synergies in the corporate wellness domain. Concurrently, the company will forgive 459 million yen of the 509 million yen in loans and accrued interest owed by Ashita no Team, with the remaining 50 million yen to be transferred to the acquirer.

LEOPALACE21CORPORATION

8848 · 株式会社レオパレス21

The company entered into a term loan agreement with Mizuho Bank on February 20, 2026, for 30 billion yen with a repayment deadline of February 28, 2029. The loan includes three financial covenants: maintaining non-negative operating income and ordinary income on a consolidated basis from fiscal year 2026 onwards, and maintaining a net debt to EBITDA ratio not exceeding 5x.

Kamigumi Co., Ltd.

9364 · 株式会社上組

The company's Board of Directors resolved on February 13, 2026, to appoint three new Representative Directors (代表取締役) effective April 1, 2026. Hiramatsu Koichi, Nagata Yukihiro, and Shiino Kazuhisa will each be promoted from Director/Senior Managing Executive Officer to Representative Director/Senior Managing Executive Officer roles, overseeing different operational regions.

Astena Holdings Co., Ltd.

8095 · アステナホールディングス株式会社

The company received a dividend of 464 million yen from its consolidated subsidiary Iwaki Pharmaceutical Co., Ltd. on January 22, 2026. The dividend will be recorded as operating revenue in the individual financial statements for the fiscal year ending November 2026, but will be eliminated in consolidated financial statements with no impact on group earnings.

Astena Holdings Co., Ltd.

8095 · アステナホールディングス株式会社

The company received a dividend of 458 million yen from its consolidated subsidiary Sphera Pharma Co., Ltd. on February 24, 2026. The dividend will be recorded as operating revenue in the individual financial statements for the fiscal year ending November 2026, but will be eliminated in consolidated financial statements with no impact on consolidated earnings.

NIPPON SEIKI CO.,LTD.

7287 · 日本精機株式会社

The company's board of directors resolved on February 20, 2026, to change its representative director positions. Masahiro Yoshihara will be promoted to Representative Director Vice President (effective June 26, 2026), while current Representative Director Chairman Koichi Sato will transition to Chairman (non-representative) on the same date.

Takashimaya Company,Limited

8233 · 株式会社髙島屋

The company's Board of Directors resolved on February 19, 2026 to make changes to its representative director positions effective March 1, 2026. Two existing representative directors (Yokoyama Kazuhisa and Sonoda Atsuhiro) will step down to regular director roles, while Makino Koichi will be promoted from Senior Managing Director to Representative Managing Director (代表取締役専務).

HISAMITSU PHARMACEUTICAL CO.,INC.

4530 · 久光製薬株式会社

Taiyo Sangyo Co., Ltd. has successfully completed a tender offer for the company's ordinary shares, warrant rights, and American Depositary Receipts during the period from January 7, 2026 to February 19, 2026. As a result of acquiring 41,803,599 shares (exceeding the minimum threshold of 41,119,400 shares), Taiyo Sangyo will become the new parent company with 61.81% voting rights as of the settlement date of February 27, 2026, increasing from its previous 2.51% stake.

Kitagawa Corporation

6317 · 株式会社北川鉄工所

Kitagawa Tekkosho resolved to issue 235,000 restricted common shares through its employee stock ownership plan (ESOP) to eligible employees as part of a restricted stock award scheme. The shares will be allocated at ¥1,802 per share (closing price on February 19, 2026) for a total of ¥423.47 million, with a vesting period from June 26, 2026 to June 25, 2027.

Showa Sangyo Co., Ltd.

2004 · 昭和産業株式会社

The company's Board of Directors resolved on February 20, 2026 to change the representative director (代表取締役). Kazuhiko Niitsuma will transition from Representative Director Chairman to Director Chairman (non-representative) effective March 31, 2026, while continuing his role as chairman.

SINFONIA TECHNOLOGY CO., LTD.

6507 · シンフォニアテクノロジー株式会社

The company's Board of Directors resolved on February 19, 2026, to change its representative directors effective April 1, 2026. Shigeru Yamakuni will become Representative Director and President, replacing Shinichi Hirano. Additionally, Yuji Senzu will become Representative Director (Senior Executive Officer). The outgoing representatives will transition to Chairman and Advisor roles respectively.

SHIZUKI ELECTRIC COMPANY INC.

6994 · 株式会社指月電機製作所

The company announced a change in its Representative Executive Officer (CEO) effective April 1, 2026. Inagaki Yuichi, currently Senior Executive Officer, will be promoted to Representative Executive Officer President, succeeding Adachi Nobuaki who is stepping down from the position. Inagaki has 36 years of tenure with the company and extensive experience in power systems and industrial equipment divisions.

SHOWA SYSTEM ENGINEERING CORPORATION

4752 · 株式会社 昭和システムエンジニアリング

A major shareholder, Kyoko Kodono, ceased to be a principal shareholder of the company on February 12, 2026. Her voting rights decreased from 4,740 votes (11.25% of total) to 3,040 votes (7.21% of total), falling below the threshold for classification as a major shareholder.

Birdman Inc.

7063 · 株式会社Birdman

The company reported non-operating expenses of 14,683 thousand yen related to bank loan interest and lease debt payments in the Q2 FY2026 interim period (ended June 30, 2026). This event materially impacts the company's financial condition, operating results, and cash flow, and has been reflected in the earnings announcement dated February 13, 2026.

Komehyo Holdings Co.,Ltd.

2780 · 株式会社コメ兵ホールディングス

The company reports a change in its lead major shareholder, with I-BELIEVE Co., Ltd. increasing its voting rights from 9.64% to 14.86% of total shareholder voting rights as of February 19, 2026. The filing was submitted in accordance with the Financial Instruments and Exchange Act Article 24-5(4) and relevant cabinet office ordinance requirements for material changes in major shareholder composition.

Chordia Therapeutics,Inc

190A · Chordia Therapeutics株式会社

New Life Science1号投資事業有限責任組合 ceased to be a major shareholder of the company as of January 23, 2026. The entity's voting rights decreased from 10.51% to 9.99% of total shareholder voting rights due to dilution from new share warrant exercises. This shareholder status change is reported pursuant to the Financial Instruments and Exchange Act Article 24-5(4).

SOLITON SYSTEMS K.K.

3040 · 株式会社ソリトンシステムズ

The company decided to divest its entire ownership stake in Solition Shanghai (索利通網絡系統（上海）有限公司), a 100% subsidiary in China, in two tranches (90% in March 2025 and remaining 10% in December 2025). The divestiture was driven by the subsidiary's recent losses due to Chinese Japanese enterprises reducing or withdrawing operations amid heightened geopolitical risks.

ARCS COMPANY,LIMITED

9948 · 株式会社アークス

The company will receive a special dividend totaling 11,864 million yen from three consolidated subsidiaries on February 24, 2026. This dividend will be recorded as revenue in the company's individual financial statements for the February 2026 fiscal period, with no impact on consolidated results due to inter-company elimination.

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7686 · 株式会社カクヤスグループ

Kakuyasu Co., Ltd., a consolidated subsidiary, recorded an impairment loss of 432 million yen on fixed assets including stores and leased properties as of February 13, 2025. The impairment was recognized in the third quarter of fiscal year ended March 2026 as an extraordinary loss following individual recoverability assessments of the assets.

MISUMI Group Inc.

9962 · 株式会社 ミスミグループ本社

The company's board of directors approved a management restructuring effective April 1, 2026, in which Shimizu Arata will assume the position of Representative Director and President, while incumbent Representative Director and President Ono Tatsutaka will transition to Director and Chairman. Additionally, Nishimoto Kosuke will step down from Representative Director and Chairman to become a Director. This succession involves executives with extensive consulting and digital transformation backgrounds.

THK CO., LTD.

6481 · THK株式会社

The company announced a change in its external auditor (Audit & Assurance Certified Public Accountant) effective at the conclusion of the 56th Annual General Meeting of Shareholders scheduled for March 20, 2026. Taiyo Limited Liability Audit Corporation will be replaced by Azusa (有限責任 あずさ監査法人) due to the incumbent auditor's long tenure and to introduce fresh perspectives with enhanced global audit capabilities.

VELTRA Corporation

7048 · ベルトラ株式会社

The company recognized a foreign exchange loss of 74,584 thousand yen as a non-operating expense in the fiscal year ended December 2025. This loss resulted from yen depreciation affecting the company group's foreign currency-denominated trade payables since their inception.

kubell Co.,Ltd.

4448 · Chatwork株式会社

The company reversed a debt guarantee loss provision of ¥121 million related to subsidiary Kubell Partner Co., Ltd. for the fiscal year ended December 31, 2025, while simultaneously accruing an affiliate receivable impairment provision of ¥1,004 million for both Kubell Partner and Kubell Storage. These adjustments are reported as special gains and losses in individual financial statements but have no consolidated impact due to elimination entries.

AMIYA Corporation

4258 · 株式会社網屋

The company reports a material change in major shareholders. Canon Marketing Japan Co., Ltd. has become a new major shareholder and top shareholder, acquiring 11,950 voting rights (14.58% stake), while Chakuru Co., Ltd. has ceased to be a major shareholder, divesting its entire 23,296 voting rights (previously 27.41% stake). The ownership transition is scheduled to occur on February 19, 2026.

Ray Corporation

4317 · 株式会社レイ

The company's Board of Directors resolved on February 19, 2026 to change its Representative Director and President. Yoichi Isobe will assume the position of Representative Director and President effective March 1, 2026, replacing Shiro Wakebe who will transition to a non-representative Director role.

Next Generation Technology Group, Inc.

319A · 株式会社技術承継機構

The company's consolidated subsidiary NGTG18 has decided to acquire all issued shares of Osaki Dengyosha Co., Ltd., a manufacturer of electromagnetic clutches/brakes and slip rings, on February 19, 2026. The acquisition aligns with the parent company's mission as a serial acquirer of manufacturing companies to preserve and transfer advanced technologies to the next generation. Osaki Dengyosha will become a specific subsidiary with 100% voting rights ownership effective March 31, 2026.

Mitsubishi Logisnext Co., Ltd.

7105 · 三菱ロジスネクスト株式会社

LVJ Holdings 2 LLC has completed a tender offer for the company's ordinary shares and warrant securities during the period from January 21 to February 18, 2026, resulting in a change of major shareholders. LVJ Holdings 2 LLC acquired 180,893 voting rights (16.91% of total voting rights), becoming a new major shareholder with settlement scheduled for February 26, 2026.

YAMANO HOLDINGS CORPORATION

7571 · 株式会社ヤマノホールディングス

The company resolved to acquire all outstanding shares of Arknet Co., Ltd., an operator of 7 individual tutoring schools under the 'School IE' franchise in Tokyo, making it a wholly-owned subsidiary. This acquisition is part of the company's medium-term management plan 'Tsunageru 2027' to expand its education business segment and accelerate dominant market strategy in the Tokyo metropolitan area, which is identified as the most important domestic market for education services.

JINUSHI Co.,Ltd.

3252 · 地主株式会社

Jushi Corporation's Board of Directors approved the establishment of a J-ESOP (Japanese Employee Stock Ownership Plan) on February 19, 2026, to provide equity incentives to employees and enhance value sharing with shareholders. The company will allocate 750,000 treasury shares at ¥3,300 per share (total ¥2.475 billion) to a trust managed by Mizuho Trust Bank, which will distribute shares to eligible employees based on performance-linked points.

Osaki Electric Co.,Ltd.

6644 · 大崎電気工業株式会社

Osaaki Electric Industrial Company resolved to dispose of 198,000 treasury shares to the Osaaki Electric Industrial Group Employee Stock Ownership Association as restricted stock units under an employee incentive program. The shares will be distributed to approximately 1,800 eligible employees at 110 shares per person at a price of 1,574 yen per share, with a total value of approximately 311.65 million yen. The restricted shares will have a restriction period from July 1, 2026 to May 27, 2027, after which restrictions will be lifted for employees who remain continuous members of the stock ownership plan.

Newtech Co., Ltd.

6734 · 株式会社ニューテック

Sakusa Co., Ltd., as a special controlling shareholder, submitted a stock sell-out request on February 19, 2026, requiring all minority shareholders to sell their shares at ¥2,650 per share. The company's board approved this request, which aims to make the company a wholly-owned subsidiary of Sakusa following a prior public tender offer process.

Fureasu Co.,Ltd.

7062 · 株式会社フレアス

The company resolved to transfer all of its care services business to Sky Heart Co., Ltd., a consolidated subsidiary, effective April 1, 2026. This transfer is part of the group's strategy to optimize resource allocation, clarify profit/loss responsibilities, and establish a flexible organizational structure for future partnerships and M&A.

MATSUMOTO YUSHI-SEIYAKU CO.,LTD.

4365 · 松本油脂製薬株式会社

The company resolved at the board meeting held on February 16, 2026, to appoint Koji Kawahara as a new Representative Director (代表取締役専務). Kawahara will transition from his current position as Managing Director (専務取締役) in charge of Sales Headquarters and Export Division, effective April 1, 2026. He brings extensive experience from roles at Mitsubishi UFJ Bank, NICOS, NTN Corporation, and the company itself.

TPR CO .,LTD.

6463 · TPR株式会社

The company announced a planned CEO succession at its board meeting on February 13, 2026. Yamato Koji will transition from Executive Officer to Representative Director and President & COO in June 2026, replacing the retiring Yano Kazumi who will remain as a director. This is a scheduled leadership succession following Yamato's promotion to President & COO in April 2025.

MISUMI Group Inc.

9962 · 株式会社 ミスミグループ本社

MISUMI Group resolved to allocate 143,200 shares of common stock to 111 senior executives through treasury stock disposition as restricted share-based compensation. The shares are valued at ¥3,070 per share (total ¥439.624 million) and will be subject to a transfer restriction period until March 5, 2029, with automatic forfeiture if executives leave the company.

KOMATSU LTD.

6301 · 株式会社小松製作所

The company's Board of Directors resolved on February 16, 2026, to change its Representative Director (CEO) effective April 1, 2026. Taisuke Kusaba will assume the role of Representative Director and Senior Executive Officer, succeeding Ken Horikoshi who will transition to Director. Kusaba brings extensive experience in R&D and international operations, including tenure as President and COO of Komatsu America.

PostPrime Inc.

198A · PostPrime株式会社

The company announced a change in representative director (代表取締役) effective March 25, 2026. Satoru Matsushima will assume the position of Representative Director President, replacing Naoki Asami who will transition to Director status. This succession was resolved at the Board of Directors meeting held on February 18, 2026.

Commerce One Holdings Inc.

4496 · 株式会社コマースOneホールディングス

The company sold a portion of its investment securities (one security) between December 19-31, 2025, to improve asset efficiency and strengthen financial position in accordance with Corporate Governance Code requirements regarding policy-held stocks. The sale generated an investment securities gain of 75,326 thousand yen, which will be recorded in the third quarter of fiscal year ending March 2026.

PENTA-OCEAN CONSTRUCTION CO.,LTD.

1893 · 五洋建設株式会社

On February 19, 2026, the company's Board of Directors resolved a change in representative director status. Kazuya Ueda will step down from his position as Representative Director and Executive Vice President to become an Executive Officer Vice President, effective June 24, 2026. He will retain responsibility for the Civil Engineering Division sales operations.

BuySell Technologies Co.,Ltd.

7685 · 株式会社BuySell Technologies

BuySell Technologies will acquire the store retail business (店舗買取事業) of its wholly-owned subsidiary REGATE Corporation through an absorption-type company split effective April 1, 2026. The transaction aims to unify brand operations and streamline group management by consolidating the FUKU-CHAN store brand under the parent company's Baisell brand.

F.C.C.CO.,LTD.

7296 · 株式会社エフ・シー・シー

On February 18, 2026, the company received a dividend payment of $42.8 million (approximately ¥6.5 billion) from its consolidated subsidiary FCC (North America), INC. The dividend will be recorded as non-operating revenue in the individual financial statements for the fiscal year ending March 2026, with no material impact on consolidated earnings as it is intra-group.

TEAC CORPORATION

6803 · ティアック株式会社

The company completed the dissolution and liquidation procedures of its consolidated subsidiary TEAC UK LTD. (UK) on February 17, 2026. This resulted in the reversal of accumulated translation differences and recognition of approximately 322 million yen in gains from the subsidiary liquidation as a separate disclosure item in the consolidated financial statements for the fiscal year ending March 2026.

TEAC CORPORATION

6803 · ティアック株式会社

The company recognized a foreign exchange gain of 91 million yen (86 million yen on a standalone basis) in the third quarter cumulative period of fiscal year ending March 2026, resulting from fluctuations in exchange rates. This event materially impacts the company's and group's financial position, operating results, and cash flow.

G Three Holdings Corporation

3647 · 株式会社ジー・スリーホールディングス

Green Energy System Investment Business Limited Liability Partnership exercised its 11th tranche of stock acquisition rights, increasing its shareholding from 9.95% (20,300 voting rights) to 13.38% (28,370 voting rights) as of February 18, 2026. This exercise of warrants resulted in a change in the company's major shareholder composition.

Adastria Co., Ltd.

2685 · 株式会社アダストリア

On February 18, 2026, the company's Board of Directors resolved to modify the representative director position. Michio Fukuda (born July 10, 1946) will transition from Representative Director Chairman to Chairman (non-representative) effective March 1, 2026. This change was filed in accordance with the Financial Instruments and Exchange Act.

Anshin Guarantor Service Co.,Ltd.

7183 · あんしん保証株式会社

Amizaka Kou, an advisor (相談役) to the company and major shareholder, passed away on February 17, 2026, resulting in a material change in major shareholder composition. His voting rights decreased from 18,713 shares (10.78% of total shareholder voting rights) to zero, triggering the extraordinary report filing requirement.

Nihon Tokushu Toryo Co., Ltd.

4619 · 日本特殊塗料株式会社

Nippon Special Paint Co., Ltd. has established an Employee Stock Ownership Plan (ESOP) trust mechanism to allocate company shares and cash equivalents to eligible domestic employees over a 4-year period from fiscal year ending March 31, 2027 to fiscal year ending March 31, 2030. The company will dispose of 183,200 treasury shares valued at approximately ¥436.9 million to the trust, with allocation based on performance-adjusted point systems.

GMO TECH Holdings, Inc.

415A · GMO TECHホールディングス株式会社

GMO TECH Co., Ltd. (a consolidated subsidiary) will acquire all shares of Tri Hatch Inc. for approximately 642 million yen, approved by the board on February 17, 2026. Tri Hatch, which operates MEO and SaaS/web marketing services with about 70,000 store customers, will become a wholly-owned grandchild company and designated as a specified subsidiary due to its asset size relative to parent company capital.

KH Neochem Co.,Ltd.

4189 · KHネオケム株式会社

Strategic Capital Corporation (株式会社ストラテジックキャプタル) has increased its shareholding in the company from 8.31% to 11.55% of total voting rights, crossing a material threshold that triggers mandatory disclosure under the Financial Instruments and Exchange Act. The stake increase occurred on February 9, 2026, based on a large volume shareholding report filed with the Kanto Finance Bureau.