#AI

For the second quarter of the fiscal year ending August 2026, net sales were 508,429 million yen, a 2.2% increase from the previous forecast, and operating income was 18,727 million yen, a 29.7% increase. The full-year earnings forecast was also upwardly revised to net sales of 1,022,000 million yen (0.9% increase) and operating income of 34,400 million yen (12.8% increase)....

For the second quarter of the fiscal year ending August 2026, consolidated net sales were 508.429 billion yen (6.0% YoY increase), operating income was 18.727 billion yen (25.6% YoY increase), and net income attributable to owners of parent was 11.098 billion yen (23.2% YoY increase), marking record highs.

Okura Industrial has signed a joint venture agreement with Beijing BOE Materials Technology Co., Ltd., a subsidiary of the BOE Group, and will establish a joint venture company in Anhui Province, China, with capital of approximately 13.4 billion yen on March 31, 2026.

Net sales for the 3rd quarter of FY May 2026 were JPY 236.206 billion (9.8% YoY increase), operating income decreased by JPY 4.261 billion to JPY 426.1 million, and net income attributable to owners of parent was JPY 2.7 billion (43.6% YoY decrease).

For the third quarter of the fiscal year ending May 2026, net sales stood at JPY 27,864 million (5.6% Year-over-Year increase), operating income was JPY 3,964 million (15.9% Year-over-Year increase), and net income attributable to owners of parent for the quarter was JPY 2,648 million (17.1% Year-over-Year increase).

Maezawa Industry Co., Ltd. plans a partial amendment to the Articles of Incorporation effective June 1, 2026, due to delisting. The changes include adding transfer restrictions on shares and deleting provisions on share buyback, preparing the share management system for transition to a private company.

The Company announced that as of April 13, 2026, following a stock consolidation, its listing on the Tokyo Stock Exchange and Nagoya Stock Exchange will be delisted.

For the second quarter of the fiscal year ending August 2026, net sales were JPY 7,248 million (16.1% Year-over-Year increase), operating income was JPY 1,520 million (2.9% YoY increase), and net income attributable to owners of parent was JPY 832 million (4.4% YoY decrease).

Consolidated subsidiary Luxwise will acquire VOOM Co., Ltd.'s home visit purchase business for approximately 366.43 million yen, with the business transfer scheduled for May 1, 2026.

On March 20, 2026, a class-action lawsuit concerning price-fixing of HVAC products was filed against our company and U.S. subsidiaries in the U.S. District Court for the Eastern District of Michigan. The amount of damages is currently unknown, and it is difficult to estimate the impact on business performance.

Japan Airport Terminal Co., Ltd. will issue its 7th unsecured straight bonds amounting to 10 billion yen (5 years) and 8th unsecured straight bonds amounting to 20 billion yen (10 years), with proceeds to be allocated for capital expenditures and repayment of borrowings.

Taihei Electric Industry Co., Ltd. has decided to acquire 101,300 shares (voting rights ratio of 2.99%) of common stock of Keisoku Co., Ltd. on April 13, 2026, resulting in a total voting rights ownership ratio of 6.29%.