📋 Material Events 1086

Metaplanet KK

3350 · 株式会社メタプラネット

Metaplanet Inc. announced a third-party allocation (private placement) of 107,368,000 common shares at 380 yen per share and 1,073,680 warrants (26th Series) at 410 yen per warrant to raise capital. The total proceeds (net of issuance costs) are approximately 84.3 billion yen, to be used primarily for Bitcoin purchases (56.9 billion yen), Bitcoin income business (6.3 billion yen), and debt repayment (21.1 billion yen).

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Japan Policy Finance Corporation (日本政策金融公庫) is conducting a capital raise through paid-in stock allocation by the Japanese government across three government ministries. The total capital injection amounts to approximately 12.25 billion yen, allocated to support safety-net lending and disaster recovery lending programs for general public and small-medium enterprises.

Maxell, Ltd.

6810 · マクセル株式会社

The company entered into a loan agreement on March 16, 2026 with major Japanese banks (city banks and regional banks) for 10 billion yen. The loan includes financial covenants requiring the company to maintain consolidated net assets at least 75% of the prior year-end level and to avoid consecutive periods of operating losses.

CHIKARANOMOTO HOLDINGS Co.,Ltd.

3561 · 株式会社力の源ホールディングス

The company will receive a dividend of 300 million yen from its consolidated subsidiary, Chikara no Moto Company Ltd., on March 30, 2026. This dividend will be recorded as operating revenue in the company's standalone financial statements for the fiscal year ending March 2026, with no impact on consolidated results due to elimination of inter-company transactions.

CCReB Advisors Inc.

276A · ククレブ・アドバイザーズ株式会社

The company resolved to enter into a money lending contract with Japan Finance Corporation (Shokogumi Chuou Kinko) for 960 million yen on March 25, 2026. The loan is secured by real estate inventory acquired with the borrowed funds and includes financial covenants requiring the company to maintain net assets at 75% or more of the August 2025 level and avoid consecutive fiscal periods of operating losses.

EduLab, Inc.

4427 · 株式会社EduLab

The company executed a money lending agreement (金銭消費貸借契約) with a major city bank on March 10, 2026, for 2 billion yen with repayment due March 18, 2029. The loan includes two financial covenants: maintaining consolidated net assets at ≥80% of the previous fiscal year level, and maintaining pre-tax profits in the black, with breach resulting in loss of payment deadline benefits.

ZOZO, Inc.

3092 · 株式会社ZOZO

The company has entered into a money lending contract with financial covenants on March 13, 2026, arranged by Sumitomo Mitsui Banking Corporation as a syndicate. The loan amounts to 12.5 billion yen with a repayment deadline of March 30, 2027, and is unsecured but subject to two financial covenants: maintaining consolidated shareholders' equity above 13.6 billion yen and ensuring consolidated operating income does not result in a loss.

TESS Holdings Co., Ltd.

5074 · テスホールディングス株式会社

Tes Engineering Co., Ltd., a consolidated subsidiary, entered into a money lending agreement on March 13, 2026, with a syndicate arranged by Sumitomo Mitsui Bank. The unsecured loan of 8,100 million yen includes financial covenants requiring maintenance of minimum equity levels and non-negative operating income.

Renesas Electronics Corporation

6723 · ルネサスエレクトロニクス株式会社

The company is distributing 140,802 treasury shares to 25 overseas subsidiary employees on April 1, 2026, as part of a post-grant restricted stock unit (RSU) compensation program. The shares are being allocated through an in-kind contribution method, where monetary compensation claims held by the employees serve as the contribution asset, valued at ¥365.73 million total.

Fujikura Ltd.

5803 · 株式会社フジクラ

The company received a dividend of 200 million USD (approximately 31.5 billion yen) from its consolidated subsidiary America Fujikura Ltd. in March 2026. The dividend will be recorded as non-operating revenue in the individual financial statements, with negligible impact on consolidated results due to the subsidiary consolidation method.

RenetJapanGroup,Inc.

3556 · リネットジャパングループ株式会社

Linect Japan Group has decided to issue 6,000 stock warrants (新株予約権) to its representative director, with each warrant exercisable for 100 shares of common stock, totaling 600,000 shares. The warrant issuance price is set at 500 yen per warrant (total 3 million yen), with an initial exercise price of 1,058 yen per share based on the March 11, 2026 closing price on the Tokyo Stock Exchange. The warrants include performance-based price adjustments and a 10-year exercise period through March 29, 2036.

TOKYO OHKA KOGYO CO., LTD.

4186 · 東京応化工業株式会社

The company expects to receive a dividend of 7,005 million yen (1,429 million TWD) from its consolidated subsidiary Taiwan Tung Ying Chemical Co., Ltd. following a shareholder meeting on March 11, 2026. The dividend will be recorded as non-operating revenue in the individual financial statements for the fiscal year ending December 2026, with no impact on consolidated earnings since it is intra-group.

YAMAX Corp.

5285 · 株式会社ヤマックス

Yamacs Corporation's board approved the disposition of 100,000 treasury shares to a Board Benefit Trust (BBT) established with Mizuho Trust Bank on March 12, 2026. The shares, priced at ¥1,693 per share (March 11, 2026 closing price), total ¥169.3 million and will be allocated to 7 internal directors (excluding external directors) as equity-based compensation linked to company performance and share price movements.

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The company announced a stock consolidation combining 100,000 ordinary shares into 1 share, scheduled for April 4, 2026. Non-controlling shareholders will receive fractional shares that will be purchased by the company at 50 yen per base share, with the company retaining only core shareholders including Michinori Holdings (79.8% owner), Niigata Prefecture, Sado City, and others.

Next Generation Technology Group, Inc.

319A · 株式会社技術承継機構

Gijutsu Shokei Kiko Co., Ltd. announced the issuance of two tranches of stock acquisition rights (新株予約権): 118 units for employees and subsidiary directors (free grant), and 65 units for company officers (paid at ¥13,800 per unit). The first tranche vests progressively from 2028-2033 with employment conditions, while the second tranche includes performance-based vesting tied to adjusted EBITDA threshold of ¥5,060 million during 2026-2029.

ReYuu Japan Inc.

9425 · ReYuu Japan株式会社

ReYuu Japan K.K. resolved to issue 4,650 stock acquisition rights (warrants) to its directors and employees on March 10, 2026. Each warrant is priced at ¥339 and grants the right to purchase 100 ordinary shares at an exercise price of ¥326 per share during the period from March 25, 2026 to March 24, 2028. The total issuance amount is ¥1,576,350.

ReYuu Japan Inc.

9425 · ReYuu Japan株式会社

ReYuu Japan K.K. approved the allocation of 60,000 treasury shares to directors and employees under a restricted stock compensation program. The shares are priced at ¥326 per share (totaling ¥19.56 million) with a three-year transfer restriction period from March 25, 2026 to March 24, 2029, conditioned on continued employment/directorship.

DAIDO METAL CO., LTD.

7245 · 大同メタル工業株式会社

Daido Metal Industrial Co., Ltd. has decided to dispose of treasury shares to its employee stock ownership association (Daido Metal Employee Stock Ownership Association) under a restricted stock incentive program. A total of 322,800 shares will be allocated to eligible employees at ¥1,005 per share, with a transfer restriction period from October 27, 2026 to October 31, 2030.

HIOKI E.E.CORPORATION

6866 · 日置電機株式会社

Hokuto Denki Co., Ltd. has resolved to grant Performance Share Units to 4 directors under a post-delivery performance-linked equity compensation plan. The maximum number of shares to be issued is 18,881 shares at a price of 7,550 yen per share, with a total valuation of approximately 142.6 million yen. The compensation is structured as a monetary reward converted into shares through cash-out mechanism with transfer restrictions during the directors' tenure.

TIGERS POLYMER CORPORATION

4231 · タイガースポリマー株式会社

The company completed a share buyback program announced on February 9, 2026, acquiring 149,200 shares between February 10 and March 4, 2026. This buyback resulted in a change in major shareholder status, with Tigers Business Partner Shareholding Association increasing its voting rights proportion from 9.90% to 10.00%.

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195A · 株式会社MUSCAT GROUP

The company issued new shares through a third-party allocation to ULTIMATE CLASSIC INVESTMENT LLC on March 5, 2026, resulting in this entity becoming a major shareholder with 11.03% voting rights (373,500 shares). This is a material event disclosed under the Financial Instruments and Exchange Act Article 24-5(4) due to the change in major shareholders.

Ajinomoto Co., Inc.

2802 · 味の素株式会社

Ajinomoto Co.'s consolidated subsidiary Thai Ajinomoto (タイ味の素社) has implemented a dividend distribution. The parent company will record dividend income of 7.6 billion baht (approximately 38 billion yen) as non-operating revenue in individual financial statements for the fiscal year ending March 2026, with no impact on consolidated earnings due to consolidation elimination.

FUJIFILM Holdings Corporation

4901 · 富士フイルムホールディングス株式会社

Fujifilm Holdings Corporation decided on March 5, 2026 to grant Performance Share Units to 4 key personnel of overseas subsidiaries under its post-grant equity compensation plan. The estimated 388,050 common shares will be delivered upon vesting of the units, with an estimated total value of approximately 1.15 billion yen based on the March 4, 2026 closing price of 2,966 yen per share.

ONO PHARMACEUTICAL CO., LTD.

4528 · 小野薬品工業株式会社

Ono Pharmaceutical has decided to implement an employee stock ownership plan (ESOP) trust for employees of its US subsidiary. The company will dispose of 8,398,300 treasury shares at a price of 2,435.5 yen per share (approximately 20.45 billion yen total) to be held and managed by the ESOP trust, with distribution to eligible employees occurring after specified vesting periods.

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The company announced its listing on Nasdaq Global Select Market through American Depositary Receipts (ADRs) and a concurrent global public offering. The offering includes issuance of 31,054,254 new common shares to Bank of New York Mellon at $14.50/share, plus up to 8,248,081 shares under a greenshoe option, with total proceeds estimated at approximately 450.3 million USD (70.3 billion JPY) from new share issuance.

AKEBONO BRAKE INDUSTRY CO.,LTD.

7238 · 曙ブレーキ工業株式会社

The company announced receipt of dividend payments totaling 1 billion yen from two Thai consolidated subsidiaries. Akebono Brake (Thailand) Co., Ltd. will pay 800 million yen and Akebono Cooperation (Thailand) Co., Ltd. will pay 300 million yen, both scheduled for March 23, 2026. The dividends will be recorded as non-operating revenue in Q4 FY2026 individual financial statements with no impact on consolidated results.

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3276 · 株式会社JPMC

The company received dividend payments totaling 1,002 million yen from three consolidated subsidiaries on March 2, 2026. This will be recorded as non-operating revenue of 1,002 million yen in the individual financial statements for the fiscal year ending December 2026, with no impact on consolidated results due to the intra-group nature of the transaction.

SALA CORPORATION

2734 · 株式会社サーラコーポレーション

Saura Corporation's board of directors resolved on March 2, 2026 to implement an employee stock ownership incentive program based on restricted stock. The company will allocate 513,600 treasury shares to the Saura Corporation Employee Stock Ownership Association at ¥1,222 per share, with a total value of approximately ¥627.6 million, as a 120-year anniversary commemorative gift to employees.

TAKAHASHI CURTAIN WALL CORPORATION

1994 · 高橋カーテンウォール工業株式会社

A major shareholder, Toshio Takahashi, sold a portion of their company shares on February 27, 2026, causing their voting rights to decrease from 10.24% to 9.98% of total shareholder voting rights. This transaction resulted in the shareholder falling below the major shareholder classification threshold, requiring disclosure under the Financial Instruments and Exchange Act.

Flier Inc.

323A · 株式会社フライヤー

The company executed a commitment line loan agreement with Resona Bank on March 2, 2026, for 1 billion yen with financial covenants attached. The facility matures on August 31, 2026, and is unsecured, with borrowing to be fully drawn on March 4, 2026. The agreement includes mandatory financial covenants requiring maintenance of consolidated equity at 75% or more of prior year levels and prevention of consecutive period losses in operating income.

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9271 · 株式会社和心

The company held an extraordinary shareholders' meeting on February 27, 2026, where shareholders approved a resolution to reduce the capital reserve fund (資本準備金) by 593,035,046 yen. The reduced amount will be entirely transferred to other capital surplus (その他資本余剰金), effective immediately on the resolution date.

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The Japan Bank for International Cooperation (JBIC) resolved to issue 370 billion new ordinary shares at 1 yen per share through paid-in allocation to the Minister of Finance, raising 370 billion yen. The funds will strengthen the financial base to support overseas expansion of Japanese companies and implement the Japan-US Strategic Investment Initiative.

Wel-Dish. Incorporated

2901 · 石垣食品株式会社

The company entered into a money loan agreement with Sumitomo Mitsui Banking Corporation on February 26, 2026, borrowing 750 million yen. The loan is unsecured with a repayment deadline of February 28, 2031, and includes two financial covenants: consecutive periods of consolidated operating profit must not turn negative, and consolidated equity must remain at or above the level as of August 31, 2025.

FP Partner Inc.

7388 · 株式会社FPパートナー

FP Partner Inc. implemented a restricted stock compensation program on February 27, 2026, allocating 142,766 treasury shares worth ¥338.5 million to 4 internal directors and 368 executives/employees as an incentive measure. The shares are subject to transfer restrictions tied to continuous employment and service periods, with restrictions releasing between 2027 and 2036 depending on the recipient category.

GMO Research & AI, Inc.

3695 · GMOリサーチ株式会社

The company will receive a dividend of 600 million yen from its consolidated subsidiary GMO Town WiFi Inc. on March 2, 2026. This dividend will be recorded as revenue in the individual financial statements for the fiscal year ending December 2026, with no impact on consolidated results.

The Shibusawa Warehouse Co.,Ltd.

9304 · 澁澤倉庫株式会社

Shibusawa Warehouse Co., Ltd. resolved to partially revise its J-ESOP (Japanese-style Employee Stock Ownership Plan) and approved the issuance of 600,000 common shares to a trust arrangement with Mizuho Trust Bank. The shares, priced at ¥1,386 per share (total value ¥831.6 million), will be held in trust and distributed to eligible employees based on position and grade-based points.

SHIKIBO LTD.

3109 · シキボウ株式会社

The company implemented a new borrowing of ¥8.0 billion under a syndicated commitment line contract with 15 financial institutions on February 27, 2026, while repaying ¥6.88 billion of existing debt. The borrowing is unsecured with a repayment deadline of March 31, 2026, and includes financial covenants requiring maintenance of equity above 75% of prior year and consecutive profitable operating results.

Nintendo Co., Ltd.

7974 · 任天堂株式会社

The company is conducting a secondary equity offering of common shares through underwriters, with a portion of approximately 32.7 million shares to be sold to overseas investors in Europe and Asia (excluding US and Canada). The offering price and number of shares will be determined between March 9-12, 2026, based on market demand, with delivery scheduled for March 16-19, 2026.

KISSEI PHARMACEUTICAL CO.,LTD.

4547 · キッセイ薬品工業株式会社

Kissei Pharmaceutical Co., Ltd. resolved to introduce a restricted stock grant program through its employee stock ownership association (持株会) to enhance employee engagement and promote value sharing with shareholders. The company will distribute 504,300 shares of common stock with transfer restrictions to eligible employees through the association, with a total issue price of approximately ¥2.4156 billion at ¥4,790 per share.

SENSHU ELECTRIC CO.,LTD.

9824 · 泉州電業株式会社

Izumi Dengyou has decided to dispose of treasury shares to the Izumi Dengyou Employee Stock Ownership Association (持株会) as part of a restricted stock incentive program for employees. Approximately 30,300 shares will be allocated to eligible employees (606 employees at 50 shares each) with a total value of approximately ¥194,526,000 at ¥6,420 per share, with a restriction period from April 24, 2026 to April 23, 2029.

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The company completed a third-party allocation of new shares on February 27, 2026, resulting in changes to major shareholders. Four shareholders (Kaneko Seed Co., Ltd., Coshidaka Holdings Co., Ltd., JINS Holdings Co., Ltd., and Yamato Co., Ltd.) had their voting rights diluted from 10.36% to 9.20% due to the issuance of 1,220 new voting rights, though they remain major shareholders.

H.U. Group Holdings, Inc.

4544 · H.U.グループホールディングス株式会社

H.U. Group Holdings resolved to dispose of 1,120,000 treasury shares to trust accounts: 910,000 shares for the executive performance-linked stock compensation program (BIP Trust) and 210,000 shares for the employee stock ownership plan (ESOP Trust). The shares will be allocated to Japan Master Trust Bank as co-trustee at a price of 3,293 yen per share, totaling approximately 3.688 billion yen, with settlement on March 18, 2026.

TESS Holdings Co., Ltd.

5074 · テスホールディングス株式会社

Tes Engineering Co., Ltd., a consolidated subsidiary, entered into a syndicated loan agreement on February 18, 2026, with Sumitomo Mitsui Bank as the arranger. The loan amount is ¥9,000 million with a repayment deadline of March 31, 2026, subject to financial covenants requiring maintenance of net assets and operating profit thresholds.

TESS Holdings Co., Ltd.

5074 · テスホールディングス株式会社

Tes Engineering Co., Ltd., a consolidated subsidiary, entered into a syndicated loan agreement on January 16, 2026, for 9.0 billion yen arranged by Sumitomo Mitsui Banking Corporation. The loan includes financial covenants requiring maintenance of minimum equity levels and operational profitability, with a maturity date of February 27, 2026, and is unsecured.

TESS Holdings Co., Ltd.

5074 · テスホールディングス株式会社

Tes Engineering Co., Ltd., a consolidated subsidiary, entered into a money lending agreement on November 19, 2025, with a syndicate led by Sumitomo Mitsui Banking Corporation. The loan of 9,000 million yen is unsecured with a maturity date of December 30, 2025, and includes financial covenants requiring maintenance of minimum equity levels and non-negative operating income.

TESS Holdings Co., Ltd.

5074 · テスホールディングス株式会社

Tes Engineering Co., Ltd., a consolidated subsidiary, entered into a money lending agreement on October 17, 2025, with a syndicate arranged by Sumitomo Mitsui Banking Corporation. The loan of ¥8,100 million is unsecured with a repayment deadline of November 28, 2025, and includes financial covenants requiring maintenance of minimum equity levels and non-negative operating income.

TESS Holdings Co., Ltd.

5074 · テスホールディングス株式会社

Tes Engineering Co., Ltd., a consolidated subsidiary, entered into a money loan contract on September 17, 2025, with a syndicate led by Sumitomo Mitsui Banking Corporation. The loan is for 6,930 million yen with a repayment deadline of October 31, 2025, and includes financial covenants requiring maintenance of minimum equity levels and operational profitability.

TESS Holdings Co., Ltd.

5074 · テスホールディングス株式会社

Tes Engineering Co., Ltd., a consolidated subsidiary, entered into a money loan agreement with a syndicate led by Sumitomo Mitsui Banking Corporation on August 18, 2025, for 6,030 million yen. The loan is unsecured with a repayment deadline of September 30, 2025, and includes financial covenants requiring maintenance of minimum equity levels and non-negative operating profit.

TESS Holdings Co., Ltd.

5074 · テスホールディングス株式会社

Tes Engineering Co., Ltd., a consolidated subsidiary, entered into a money lending agreement with a syndicate led by Sumitomo Mitsui Banking Corporation on July 18, 2025. The loan of 6,030 million yen is unsecured with repayment due by August 29, 2025, and includes financial covenants requiring maintenance of minimum equity levels and operating profitability.

TESS Holdings Co., Ltd.

5074 · テスホールディングス株式会社

Tes Engineering Co., Ltd., a consolidated subsidiary, executed a money loan contract with a syndicate led by Sumitomo Mitsui Banking Corporation on June 18, 2025. The loan of 5,220 million yen is unsecured with a repayment deadline of July 31, 2025, subject to financial covenants requiring maintenance of minimum equity and non-negative operating profit.