📋 Material Events 1086

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.

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).

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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.

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.

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.

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.

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.

saizeriya co.,ltd.

7581 · 株式会社サイゼリヤ

Saizeriya Co., Ltd. resolved to issue 3,393 stock acquisition rights (warrants) to 2,045 employees as an employee incentive program. The warrants are issued at no cost and can be exercised between January 30, 2028 and January 29, 2031, with an exercise price based on the company's stock price during the month prior to allocation.

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3697 · 株式会社SHIFT

SHIFT Inc. approved the issuance of 10,400 employee stock warrants (10th series) to 37 employees, with an aggregate issue price of 26 million yen. The warrants are exercisable from February 3, 2026 to November 30, 2036, with an initial exercise price of 980.3 yen per share, subject to performance-based modification if adjusted operating income exceeds 40 billion yen in the fiscal year ending August 2029.

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4434 · 株式会社サーバーワークス

Server Works Corporation approved the issuance of 1,600 warrants (新株予約権) to 23 directors and employees and 1 subsidiary employee on January 14, 2026. The warrants have an exercise price of ¥1,945 per share and will become exercisable from February 28, 2030 to January 30, 2040, subject to performance-based vesting conditions tied to operating profit targets (¥2,000-3,000 million) and stock price thresholds (¥3,000-5,000).

Money Forward, Inc.

3994 · 株式会社マネーフォワード

MoneyForward Inc. announced a plan to issue 150,150 shares of common stock as restricted stock awards to employees and subsidiaries' directors/staff to align incentives with shareholders and enhance commitment to stock price growth and corporate value improvement. The issuance is authorized with a maximum total issue price of 500 million yen, with share price determined at the closing price on the day before the March 2026 board meeting. Three tranches of restricted stock are planned with transfer restrictions lasting 3, 4, and 5 years respectively from payment date.

Sekisui Chemical Co.,Ltd.

4204 · 積水化学工業株式会社

Sekisui Chemical's consolidated subsidiary in China (Sekisui Chemical (China) Co., Ltd.) resolved to distribute dividends at its board meeting on December 16, 2025. The parent company received approximately 16.8 billion yen in dividends (640 million Chinese yuan and 17 million US dollars) on December 29, 2025. This will be recorded as non-operating revenue in the standalone financial statements for the fiscal year ending December 2025, with minimal impact on consolidated results.

Atrae, Inc.

6194 · 株式会社アトラエ

Atrae Inc. resolved to issue 4,650 stock acquisition rights (warrants) as employee stock options to 120 employees on February 2, 2026. The warrants grant the right to purchase 465,000 shares of common stock (100 shares per warrant) at an exercise price equal to the closing price on the assignment date, with an exercise period from February 1, 2028 to January 14, 2036. The warrants are issued at no cost to employees.

Atrae, Inc.

6194 · 株式会社アトラエ

Atrae Inc. is issuing 188,200 shares of restricted stock (特定譲渡制限付株式) to 2 directors and 18 employees as incentive compensation. The director restricted stock (180,000 shares) has a 3-year vesting period with continued employment conditions, while employee restricted stock (8,200 shares) vests upon retirement. Shares are priced at 700 yen per share with total capital raised of approximately 131.74 million yen.

COMO CO.,LTD.

2224 · 株式会社コモ

The company's Board of Directors approved a 2.3 billion yen syndicated loan on January 13, 2026, to be executed on January 23, 2026, with a 10-year maturity until January 31, 2036. The loan includes financial covenants requiring minimum equity ratios and EBITDA thresholds, with eight participating financial institutions led by Bank of Sixteenths as arranger and agent.

NOZAWA CORPORATION

5237 · 株式会社ノザワ

Nozawa Inc. resolved to distribute 133,000 shares of common stock from treasury shares to 323 employees and consolidated subsidiary employees as restricted stock awards (譲渡制限付株式). The shares are issued at 1,057 yen per share for a total amount of 140,581,000 yen, funded through in-kind contribution of monetary compensation claims. The restricted shares will vest over the period from March 26, 2026 to March 31, 2027, with conditions including continued employment and mandatory acquisition by the company for unvested shares.

MARUSHOHOTTA CO.,LTD.

8105 · 堀田丸正株式会社

RIZAP Group Co., Ltd., a major shareholder, reduced its stake in the company from 19.99% (112,416 voting rights) to 9.42% (56,209 voting rights) as of January 5, 2026. This reduction caused RIZAP Group to fall below the major shareholder threshold, triggering the filing of this extraordinary report.

SanBio Company Limited

4592 · サンバイオ株式会社

SanBio Co., Ltd. resolved to issue 75,000 stock acquisition rights (新株予約権) to 3 employees on a non-compensatory basis. The warrants are exercisable from January 27, 2026 to January 8, 2036, with an exercise price determined by the higher of the average closing price in the month prior to allocation or the allocation date closing price.

AB&Company Co.,Ltd.

9251 · 株式会社AB&Company

The company entered into a loan agreement with a major city bank on December 22, 2025, for 1,200 million yen with a repayment deadline of November 30, 2030. The loan is subject to four financial covenants including minimum equity ratios, operating profit requirements, leverage ratio caps, and debt service coverage ratio (DSCR) thresholds, all monitored from the fiscal period ending October 2025 onwards.

WAKACHIKU CONSTRUCTION CO.,LTD.

1888 · 若築建設株式会社

The company executed a debt refinancing on January 9, 2026, repaying an existing 13,000 million yen loan and drawing 11,500 million yen under a new syndicated commitment line agreement with 10 financial institutions. The new borrowing is unsecured with a repayment deadline of January 23, 2026, and is subject to financial covenants including maintaining equity above 75% of the prior year level and avoiding consecutive operating losses.

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.

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.

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.

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%.

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.

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.

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.

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.

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.

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.

IPS, Inc.

4390 · 株式会社アイ・ピー・エス

The company will receive a dividend of USD 8.35 million (approximately JPY 1,306 million) from its consolidated subsidiary ISMO Pte. Ltd. on January 5, 2026. This dividend will be recorded as non-operating revenue in the individual financial statements for the fiscal year ending March 2026, but will have no impact on consolidated earnings due to consolidation elimination.

CHANGE Holdings, Inc.

3962 · 株式会社チェンジホールディングス

G-Gravity Inc., a wholly-owned subsidiary, conducted a capital increase from 15 million yen to 165 million yen on December 26, 2025, with the parent company subscribing to all new shares. This capital increase resulted in G-Gravity becoming a specified subsidiary (特定子会社) as its capitalization now equals or exceeds 10% of the parent company's capital.

Amvis Holdings, Inc.

7071 · 株式会社アンビスホールディングス

Ambis Holdings Inc. resolved to distribute 578,000 shares of restricted common stock to 22 employees as an incentive to enhance corporate value and share value with shareholders. The shares will be subject to a three-year transfer restriction period (February 2, 2026 to February 2, 2029) with restrictions released based on continued employment conditions.

SHIKIBO LTD.

3109 · シキボウ株式会社

The company executed a borrowing of 6,880 million yen on December 30, 2025, under a syndicated commitment line contract with 15 financial institutions (total facility: 8,000 million yen). The borrowing refinances existing debt and is unsecured with a repayment deadline of January 30, 2026.

C.Uyemura & Co.,Ltd.

4966 · 上村工業株式会社

Uyemura Co., Ltd. held its 97th Annual Shareholder Meeting on June 27, 2025, and approved a period-end dividend of ¥280 per ordinary share (total ¥4.52 billion) effective June 30, 2025. Additionally, the company approved the appropriation of ¥5 billion from retained earnings to a separate reserve fund.