Nifco Inc.

Among the individual announcements made on the 29th, Taiyo Yuden revealed that it will sign a business alliance agreement with TDK covering joint development of electronic components and other areas. Sekichu raised its standalone operating profit forecast for the fiscal year ending February 2027, while Ito En will abolish its shareholder benefit program. Honey's Holdings posted a sharp profit decline in its consolidated results for the first quarter of the fiscal year ending May 2027, covering June to August 2026. BB Tower won a large order from a global IP company for storage products and maintenance services, with the order value at approximately 3.8 billion yen. Bank Innovate announced a consolidated operating profit forecast of 2.02 billion yen for the fiscal year ending September 2026, down 6.2 percent from the previous year, figures it had previously left undisclosed, and Nifco announced it will cancel treasury shares equivalent to 9.78 percent of its total issued shares, effective October 7.

On August 31, the Nikkei average on the Tokyo stock market fell, dropping more than 1,500 points at one point due to hawkish comments from the U.S., but it showed signs of recovering. Among the stocks in focus, House Foods Group announced that it is considering selling its subsidiary Ichibanya, and Ichibanya shares surged on expectations of a takeover premium. Additionally, Nifco announced a share buyback of up to 8.3 million shares, equivalent to 8.88% of its total issued shares, for up to 40 billion yen, and its stock price rose. Nihon Gas announced a 1-for-3 stock split and an increase in its year-end dividend, attracting investor interest.

Nifco announced on the 31st that it will conduct a share buyback of up to 8.3 million shares, equivalent to 8.88% of its issued shares, for up to 40 billion yen. The acquisition period will run from September 1 to September 18.