📋 Material Events 1086

Photosynth inc.

4379 · 株式会社Photosynth

Photosynth Inc. resolved to issue 9,386 stock acquisition rights (warrants) to its directors and employees on February 13, 2026. The warrants have an issue price of 243 yen per warrant, with an exercise price of 412 yen per share, and are exercisable from April 1, 2027 to March 31, 2032, contingent upon meeting specified consolidated revenue targets over three fiscal years.

Living Platform, Ltd.

7091 · 株式会社リビングプラットフォーム

The company will receive dividend payments totaling 500 million yen from two consolidated subsidiaries, with the board resolution dated February 13, 2026, and expected receipt in March 2026. The dividend will be recorded as dividend income in the individual financial statements for the fiscal year ending March 2026, but will have no impact on consolidated earnings due to the subsidiary consolidation elimination.

AMUSE INC.

4301 · 株式会社アミューズ

Amuse Inc. has decided to implement changes to its executive and employee stock compensation programs through Board Incentive Plan (BIP) and Employee Stock Ownership Plan (ESOP) trusts for the three fiscal years ending March 31, 2026-2028. The company will dispose of 588,880 treasury shares (270,000 newly allocated plus existing trust holdings) valued at approximately ¥1.22 billion to these trusts at ¥2,079 per share.

Synspective Inc.

290A · 株式会社Synspective

Synspective resolved to issue two series of stock options (warrants) to its directors and employees. The 6th series comprises 702 warrants for 70,200 common shares allocated to 215 employees at no issuance price, exercisable from March 6, 2026 to March 5, 2031 at ¥1 per share. The 7th series comprises 4,038 warrants for 403,800 common shares allocated to 5 directors and 1 employee at ¥100 per warrant, exercisable from April 1, 2028 to March 5, 2032 at ¥1,252 per share, with exercise contingent on revenue targets of ¥27-33 billion.

ICHIKAWA CO., LTD.

3513 · イチカワ株式会社

Ichikawa Corporation announced the acquisition of 71,000 treasury shares through a Board Benefit Trust (BBT) mechanism to fund performance-linked stock compensation for directors and executive officers. The trust will acquire shares at ¥3,680 per share (total ¥261.28 million) to align executive compensation with medium to long-term business performance and corporate value enhancement.

Ferrotec Corporation

6890 · 株式会社フェローテックホールディングス

Fellowtech Corporation's board of directors (February 12, 2026) approved the issuance of 21,332 restricted stock units to directors and employees of the company's overseas subsidiaries under its post-grant equity compensation plan. The shares will be issued at ¥6,100 per share (based on February 10, 2026 closing price) via in-kind contribution method, with total estimated value of approximately ¥130.1 million.

TECHNOLOGIES, Inc.

5248 · 株式会社テクノロジーズ

The company will receive a dividend of 142 million yen from its consolidated subsidiary, Eco Kaku Co., Ltd. on February 19, 2026. This dividend will be recorded as non-operating revenue in the individual financial statements for the fiscal year ending January 2027, with no impact on consolidated results.

ASICS Corporation

7936 · 株式会社アシックス

Asics Corporation's Board of Directors resolved on February 13, 2026 to implement a performance-linked restricted stock compensation plan approved at the 71st Annual General Meeting on March 28, 2025. The plan will issue up to 218,132 shares to 2 directors and 15 executive officers, with awards contingent on achievement of performance metrics including consolidated operating profit, over a maximum total value of approximately ¥883.9 million. Shares will be restricted from transfer during employment and subject to forfeiture conditions based on performance and continued service.

ASICS Corporation

7936 · 株式会社アシックス

Asics Corporation announced the issuance of 29,876 shares of common stock through a restricted stock unit (RSU) program to non-resident executives and eligible employees of the Asics Group. The shares will be allocated at ¥4,052 per share (based on February 12, 2026 closing price), with a total estimated value of approximately ¥121.06 million, to be settled in March 2028 through in-kind contribution of monetary compensation rights.

ASICS Corporation

7936 · 株式会社アシックス

Asics Corporation issued 55,413 shares of common stock to 107 eligible employees (76 from parent company and 31 from subsidiary Asics Japan Co., Ltd.) through a restricted stock incentive program. The shares, valued at ¥224,533,476 total (¥4,052 per share), are subject to a transfer restriction period from March 27, 2026 to February 29, 2028, with vesting contingent on continued employment.

ASICS Corporation

7936 · 株式会社アシックス

Asics Corporation resolved to conduct a disposition of treasury shares on February 13, 2026, based on a performance-linked restricted stock allocation plan approved at the 71st Annual General Meeting of Shareholders on March 28, 2025. The company will allocate 178,678 ordinary shares at a price of 4,052 yen per share (total value: 724,003,256 yen) to 2 directors and 12 executive officers through in-kind contribution using monetary compensation receivables.

BENEFIT JAPAN Co.,Ltd.

3934 · 株式会社ベネフィットジャパン

Benefit Japan Corp. issued the 4th series of stock acquisition rights (新株予約権) to directors, employees, and subsidiary directors through board resolution on February 12, 2026. The company is issuing 605 warrants at ¥5,500 per warrant, with an exercise price of ¥1,996 per share (TSE closing price on Feb 10, 2026), with a total issuance value of ¥124,085,500.

Sony Financial Group Inc.

8729 · ソニーフィナンシャルグループ株式会社

Sony received dividend payments totaling 15.1 billion yen from three consolidated subsidiaries: Sony Life Insurance, Sony General Insurance, and Sony Bank, with payment scheduled for February 27, 2026. The dividend will be recorded as related company dividend income in the company's standalone financial statements for the fiscal year ending March 2026, with no impact on consolidated results.

Sony Financial Group Inc.

8729 · ソニーフィナンシャルグループ株式会社

Sony Financial Group introduced two equity compensation schemes effective February 13, 2026: a Performance Stock Unit (PSU) plan with 0-150% payout based on performance metrics, and a Restricted Stock Unit (RSU) plan with service-based vesting. The company will distribute up to 2,405,000 common shares (at maximum PSU performance achievement) valued at approximately ¥388.167 million to 23 executives and subsidiary directors.

Sony Financial Group Inc.

8729 · ソニーフィナンシャルグループ株式会社

Sony Financial Group's board approved on February 13, 2026, the establishment of an employee stock ownership plan (ESOP) trust utilizing treasury stock disposal to provide equity incentives to approximately 1,300 eligible managers across the company and its subsidiaries. The company will allocate approximately 30.98 million shares (valued at approximately ¥5 billion at the February 12, 2026 closing price of ¥161.4 per share) to the ESOP trust, with share distribution to eligible employees contingent on meeting vesting requirements and continued employment.

KI-STAR REAL ESTATE CO.,LTD

3465 · ケイアイスター不動産株式会社

K.I STAR Real Estate Co., Ltd. resolved to issue 3,000 stock acquisition rights (warrants) to 6 directors with an issuance price of ¥41.5 million per unit (total ¥2.12 billion). The rights are exercisable from July 1, 2028 to March 1, 2036, contingent on achieving cumulative consolidated operating profit targets of ¥55-70 billion over fiscal years 2027-2028.

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The company's Board of Directors approved on February 12, 2026, the listing of American Depositary Shares (ADS) on the Nasdaq Global Select Market, with each ADS representing one ordinary share. The offering includes both new share issuance and secondary offering by existing shareholders, with pricing and share quantity to be determined during the bookbuilding process between March and August 2026.

SUNWELS Co.,Ltd.

9229 · 株式会社サンウェルズ

The company received a 1,000 million yen donation from its CEO and representative director, Ryotatsu Naoshiro, to strengthen its financial base. This follows significant losses (925 million yen net loss in FY2025 and 2,055 million yen quarterly loss in Q3 FY2026) resulting from compliance corrections in the home nursing care business and subsequent operational restructuring. The donation will be recorded as extraordinary income in the FY2026 financial statements.

ALLIED TELESIS HOLDINGS K.K.

6835 · アライドテレシスホールディングス株式会社

Allied Telesis Holdings issued 17,000 stock acquisition rights (新株予約権) to 14 employees and directors of the company and its subsidiaries on February 26, 2026. Each warrant grants the right to acquire 100 common shares at an exercise price of 376 yen per share, with an exercise period from February 15, 2028 to February 12, 2036. The total capital increase potential is approximately 1.7 million shares.

Hokkaido Electric Power Company, Incorporated

9509 · 北海道電力株式会社

Hokkaido Electric Power Company resolved to issue 40 billion yen of euro yen-denominated convertible bonds with subscription rights (2031 maturity) to investors in European and Asian markets (excluding the US). The bonds are zero-coupon with a 102.5% issue price, convertible into ordinary shares with an initial conversion price set at or above the closing price on the underwriting agreement date. Proceeds of approximately 39.87 billion yen will be allocated toward acquiring gas business assets from Japan Petroleum Exploration and investment in hydrogen, ammonia, and carbon capture technologies by March 2028.

KUBOTA CORPORATION

6326 · 株式会社 クボタ

Kubota Corporation's Board of Directors approved a restricted stock award program for 50 executive officers and above, distributing 280,000 treasury shares (283,972 shares including existing trust holdings) valued at approximately ¥767.76 million through Sumitomo Mitsui Trust Bank. The shares are subject to transfer restrictions during employment tenure and a point-based vesting system with performance conditions.

Japan Business Systems, Inc.

5036 · 日本ビジネスシステムズ株式会社

Japan Business Systems Inc. has decided to dispose of 300,000 treasury shares at 1,586 yen per share (total 475.8 million yen) to establish a Board Incentive Plan (BIP) trust. The shares will be used to provide equity-linked compensation to eligible executives, aligning their interests with shareholder returns and promoting medium-to-long-term business performance.

ESPEC CORP.

6859 · エスペック株式会社

Espec Corporation's Board of Directors approved the establishment of a J-ESOP (Japanese Employee Stock Ownership Plan) trust-based system and the disposition of 99,800 treasury shares to fund employee stock grants. The shares, priced at ¥3,945 per share (based on February 10, 2026 TSE closing price), will be distributed to approximately 140 management-level employees based on their positions, company performance, and accumulated points, with a total value of ¥393.7 million.

YAMAURA CORPORATION

1780 · 株式会社 ヤマウラ

Yamawura Corporation has established an ESOP trust system to distribute 251,200 shares of company stock to eligible domestic employees over a 7-fiscal-year period (FY2026-FY2032). The company will dispose of treasury shares valued at approximately 396.1 million yen at 1,577 yen per share to Mitsubishi UFJ Trust Bank and Japan Master Trust Bank for trust management.

Link and Motivation Inc.

2170 · 株式会社リンクアンドモチベーション

The company's Board of Directors resolved on February 12, 2026 to enter into a syndicated loan agreement with financial covenants. The facility is a 6 billion yen unsecured revolving credit line maturing September 30, 2032, arranged by Mizuho Bank with participation from major Japanese banks. The agreement includes an operating income covenant requiring consecutive two-year periods starting from December 2026 fiscal year-end to maintain non-negative operating profit.

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The Japan Policy Finance Corporation (日本政策金融公庫) resolved on February 10, 2026 to issue new ordinary shares totaling 12,246,215,000 shares across two business divisions. The capital injection of approximately 12.25 billion yen will be allocated to the Government of Japan through three ministers (Finance, Health and Welfare, and Economy, Trade and Industry) via paid-in capital stock allocation. The funds will be used to expand safety net lending rate reductions and support disaster recovery lending measures.

DMG MORI CO., LTD.

6141 · DMG森精機株式会社

DMG Mori Seiki resolved to distribute 1,829,500 treasury shares to 1,075 employees and executives across the company and its group subsidiaries under a restricted stock compensation plan. The shares are priced at 3,113 yen per share (subject to adjustment on February 18, 2026) with a total allocation value of approximately 5.7 billion yen. The restricted shares will vest over a five-year period ending December 21, 2031, with forfeiture provisions for early separation or misconduct.

Pharmarise Holdings Corporation

2796 · ファーマライズホールディングス株式会社

The company executed a 1.5 billion yen term loan agreement with Mizuho Bank on February 10, 2026, with a maturity date of February 13, 2029. The loan is secured by shares of three subsidiaries and includes financial covenants requiring the company to maintain consolidated shareholders' equity at 80% or above of the prior fiscal year level and maintain a consolidated EBITDA multiple not exceeding 10x.

NODA CORPORATION

7879 · 株式会社ノダ

The company announced receipt of a dividend payment of 528 million yen from its consolidated subsidiary Ishinomaki Plywood Industry Co., Ltd. on February 12, 2026. The dividend will be recorded as non-operating revenue in the individual financial statements for the fiscal year ending November 2026, with no impact on consolidated results.

Convano Inc.

6574 · 株式会社コンヴァノ

Convano Inc. resolved to issue 250,000 stock acquisition rights (新株予約権) to 58 directors and employees of the company and its subsidiaries. The rights have an issue price of ¥10 per unit, with each unit conferring the right to acquire 100 common shares at an exercise price of ¥124 per share, exercisable between July 1, 2032 and March 9, 2036, subject to performance conditions regarding adjusted operating profit and revenue targets through fiscal year 2032.

SAXA, Inc.

6675 · サクサホールディングス株式会社

The company entered into an unsecured loan agreement with Mitsubishi UFJ Bank on February 10, 2026, for 5.5 billion yen with a repayment deadline of February 16, 2027. The loan is subject to three financial covenants including minimum equity ratio requirements, operating profit thresholds, and a leverage ratio cap (debt-to-EBITDA not exceeding 7x).

TOMY COMPANY,LTD.

7867 · 株式会社タカラトミー

Takara Tomy resolved to allocate 602,072 shares to directors, executive officers, and senior employees of the company and 7 subsidiaries through a trust structure with Sumitomo Mitsui Trust Bank. The total value is approximately 1.44 billion yen, with share allocation based on performance-linked points and subject to a 3-year transfer restriction post-grant.

Sharp Corporation

6753 · シャープ株式会社

Sharp Corporation's Board of Directors resolved on February 10, 2026 to issue 10,915 stock warrants (新株予約権) to employees of the company and its wholly-owned subsidiaries. The warrants are issued at no cost and have a 10-year exercise period starting 2 years after allocation, with graded vesting (50% after year 2, 75% after year 3, 100% after year 4). The exercise price is set at 748.3 yen or the Tokyo Stock Exchange closing price on allocation date, whichever is higher.

MITSUI E&S Co., Ltd.

7003 · 株式会社三井E&S

Mitsui E&S Holdings Co., Ltd. resolved to allocate 34,720 treasury shares to its employee stock ownership association (Mitsui E&S Employee Stock Ownership Association) as restricted stock under a restricted stock compensation plan. The allocation is valued at approximately 246.9 million yen at the price of 7,111 yen per share, with a restriction period from July 24, 2026 to May 31, 2031.

譬ェ蠑丈シ夂、セ繝輔か繝シ繝ゥ繝繧ィ繝ウ繧ク繝九い繝ェ繝ウ繧ー

7088 · 株式会社フォーラムエンジニアリング

The company announced that it will record 624 million yen in non-operating expenses related to a public tender offer for its own shares, which was originally announced on November 10, 2025. This cost recognition will impact the third and fourth quarters of fiscal year ending March 2026, and the company has revised its full-year consolidated earnings forecast accordingly.

Taikisha Ltd.

1979 · 株式会社大気社

Taiki Corporation's board of directors approved on February 10, 2026, the disposal of treasury stocks totaling 124,700 shares at 3,553 yen per share (total value: 443,059,100 yen) to a Board Benefit Trust (BBT). The trust will distribute shares and cash compensation to executive directors and executive officers based on performance metrics and position upon retirement.

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The company entered into a loan agreement with a major bank on January 28, 2026, borrowing 1,700 million yen secured by a ship, with repayment due December 30, 2030. The loan includes six financial covenants restricting equity ratios, operating losses, and net losses to maintain financial stability.

Hakuto Co.,Ltd.

7433 · 伯東株式会社

The company executed a loan agreement with Mizuho Bank on February 6, 2026, for 9.6 billion yen with repayment scheduled until December 28, 2035 under an installment basis. The loan includes two financial covenants: maintaining consolidated net assets at no less than 75% of the prior fiscal year-end level, and avoiding consecutive periods of operating losses from fiscal year ending March 2026 onwards.

NITTO KOGYO CORPORATION

6651 · 日東工業株式会社

Nittoh Industries resolved on February 9, 2026 to establish stock grant regulations and dispose of treasury shares through two trust-based equity compensation schemes: J-ESOP for management employees (236,100 shares at ¥4,235 per share) and BBT for directors (51,500 shares at ¥4,235 per share). These schemes aim to enhance management's awareness of stock price appreciation and long-term corporate value by linking compensation to performance and stock price movements.

The Monogatari Corporation

3097 · 株式会社物語コーポレーション

Monogatari Corporation's Board of Directors approved the issuance of 469 tax-qualified stock options (3rd series) to 78 employees on February 9, 2026. Each option grants the right to purchase 100 ordinary shares, totaling 46,900 shares, with an exercise period from February 10, 2028 to February 9, 2036. Exercise is conditional upon achieving revenue exceeding ¥220 billion in any fiscal year from 2028 to 2030.

FUJI MEDIA HOLDINGS, INC.

4676 · 株式会社フジ・メディア・ホールディングス

Tōhō Company, Ltd. (東宝株式会社), a major shareholder, maintained its voting rights at 185,721 units but saw its ownership percentage increase from 8.95% to 12.78% due to the company's acquisition of 62,090,120 shares as treasury stock between January 19 and February 6, 2026. This share buyback effectively diluted other shareholders' ownership percentages without changing Tōhō's absolute shareholding.

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SMBC Aviation Capital Hong Kong 2 Limited, a consolidated subsidiary, entered into a syndicated loan agreement on February 4, 2026, for a total principal amount of ¥312,140 million consisting of two term facilities (5-year and 7-year tenors). The loan is unsecured and includes a financial covenant requiring the consolidated EBITDA to interest expense ratio of the parent company to not fall below 1.5x.

Daio Paper Corporation

3880 · 大王製紙株式会社

The company has been approved to receive a subsidy of up to 8,015 million yen from the Japanese government's FY2025 Decarbonization Growth-type Economic Structure Transition Promotion Subsidy program for a new power generation facility project capable of handling high-chlorine fuel and replacing coal boilers. The subsidy will be received in installments starting from Q4 FY2026, with accounting treatment using the direct reduction method, resulting in recognition of national treasury subsidy income of 8,015 million yen and fixed asset compression loss as special gains and losses when the facility becomes operational in FY2031.

COMSYS Holdings Corporation

1721 · コムシスホールディングス株式会社

Comsys Holdings resolved to implement an employee stock ownership plan (ESOP) trust framework effective through March 31, 2029, distributing 266,500 treasury shares to eligible employees to enhance engagement and performance contribution awareness. The company will dispose of treasury shares to Mitsubishi UFJ Trust Bank and Japan Master Trust Bank at ¥4,973 per share (February 5, 2026 closing price), with total consideration of approximately ¥1.33 billion, with actual share distribution contingent upon employee retirement, death, non-resident status change, or program termination.

TOPY INDUSTRIES,LIMITED

7231 · トピー工業株式会社

Topy Industrial Co., Ltd. approved a stock compensation plan on February 6, 2026, to distribute 233,600 shares (valued at ¥749.86 million) to approximately 1,000 senior employees through a trust arrangement with Sumitomo Mitsui Trust Bank. The program aims to align employee incentives with corporate value creation by linking executive compensation to company performance through a point-based system with vesting conditions tied to continued employment.

Kurimoto,Ltd.

5602 · 株式会社栗本鐵工所

Kurimoto Ltd. announced the disposition of 344,000 treasury shares to a stock compensation trust (BBT-RS) at ¥1,749 per share, totaling approximately ¥601.66 million. The shares will be distributed to directors (excluding outside directors), executive officers, and fellows based on performance-linked points over a three-year period (FY2025-FY2027), with transfer restrictions during employment.

SINFONIA TECHNOLOGY CO., LTD.

6507 · シンフォニアテクノロジー株式会社

Symphonia Technology Corporation announced the establishment of a performance-linked stock compensation plan using a Board Benefit Trust (BBT) structure. The company will issue 14,800 treasury shares at ¥10,740 per share (totaling ¥158,952,000) to be held in trust for distribution to eligible directors (excluding external directors) and executive officers upon retirement, based on accumulated performance points.

WAKACHIKU CONSTRUCTION CO.,LTD.

1888 · 若築建設株式会社

The company implemented a refinancing transaction on February 6, 2026, repaying an existing 13,000 million yen loan and securing a new 8,500 million yen borrowing under a syndicated commitment line agreement with 10 financial institutions. The new unsecured loan has a maturity date of March 24, 2026, and is subject to financial covenants requiring maintenance of minimum equity levels and consecutive operating profitability.

GMO Financial Holdings, Inc.

7177 · GMOフィナンシャルホールディングス株式会社

GMO Financial Holdings will issue 30,000 stock acquisition rights (warrants) to 72 recipients comprising 2 executive officers and 70 employees of the company and its subsidiaries. The warrants are issued at no cost, with an exercise price of ¥904 per share (adjusted for stock splits/consolidations), exercisable from February 7, 2028 to February 4, 2036, subject to performance and employment conditions.

ECOMIC CO.,LTD

3802 · 株式会社エコミック

The company acquired 1,263,000 treasury shares on February 4, 2026, reducing total voting rights from 46,893 to 34,263 units. This resulted in Career Bank Co., Ltd. (キャリアバンク株式会社) ceasing to be a major shareholder, with their voting rights stake decreasing from 34.99% to 3.53%.