Corporate Events

Toho Holdings Co., Ltd. (TSE:8129) and MTI Healthcare Holdings Inc. agreed to acquire 30.30% stake in Pharmo Inc. from MTI Ltd. (TSE:9438) for ¥900 million on May 23, 2025. The expected completion of the transaction is June 10, 2025.

MTI Ltd., Board Meeting, May 23, 2025. Agenda: To consider Stock Transfer of Consolidated Subsidiary and Recording of Extraordinary Income (Non-consolidated Financial Results).

MTI Ltd. revised consolidated earnings guidance for the fiscal year ending September 30, 2025. For the period, the company expected net sales of JPY 29,400 million, operating income to be in the range of JPY 2,800 million to JPY 3,200 million, profit attributable to owners of parent to be JPY 2,050 million to JPY 2,330 million and net income per share to be JPY 37.04 to JPY 42.10 compared to previously expected net sales of JPY 28,500 million, operating income to be in the range of JPY 2,800 million to JPY 3,200 million, profit attributable to owners of parent to be JPY 2,050 million to JPY 2,330 million and net income per share to be JPY 37.20 to JPY 42.28.

MTI Ltd. provided year end dividend guidance for the fiscal year ending September 30, 2025. For the period, the company expected year end dividend of JPY 9 per share compared to JPY 9 per share a year ago.

MTI Ltd. announced dividend for the second quarter ending March 31, 2025. For the period, the company announced second quarter end dividend of JPY 9 per share compared to JPY 8 per share a year ago. The dividend will be payable on June 13, 2025.

TC Materials Co., Ltd. agreed to acquire Daishin Balance No.15 Special Purpose Acquisition Co., Ltd. (KOSDAQ:A457390) from group of shareholders for KRW 8.1 billion in a reverse merger transaction on October 18, 2024. The consideration consists of 3.893192 million common equity of TC Materials Co., Ltd. at a ratio of 1.8070001 per common equity of Daishin Balance No.15 Special Purpose Acquisition Co., Ltd. Upon completion, the surviving corporation will be TC Materials Co., Ltd., and Daeshin Balance No. 15 Acquisition Purpose (Co., Ltd.) will be a extinguished corporation. Upon completion of the merger, the largest shareholder of the surviving corporation, TC Materials Co., Ltd., will be Biosmart Co., Ltd., and the stake of the largest shareholder, etc., including special related parties, will be 51.94% (50.77% assuming CB conversion). Upon completion of the merger, the largest shareholder of the surviving corporation will be Biosmart Co., Ltd., and the equity ratio will change to 48.74% (assuming a merger ratio of 1:0.5534034). When the largest shareholders' shares are combined, the shareholding ratio is 51.76%, and it is judged that there will be no problem in securing stable management control of the surviving corporation after the merger. As of the date of submission, Daishin Balance No. 15 is M&M Investment Co., Ltd., which holds a 4.26% stake, and the largest shareholder of TC Materials Co., Ltd. is Biosmart Co., Ltd., which holds a 54.99% stake. TC Materials Co., Ltd. is expected to achieve growth through further business diversification by expanding its equity capital through the merger with Daishin Balance No. 15 Acquisition Purpose Co., Ltd. and utilizing it as a source of investment. The transaction is subject to shareholders approval, creditors approval and is expected to complete on March 27, 2025. As per the announcement dated January 10, 2025, transaction is now expected to close on April 1, 2025. As of February 17, 2025, transaction is now expected to close on April 28, 2025. TC Materials Co., Ltd. completed the acquisition of Daishin Balance No.15 Special Purpose Acquisition Co., Ltd. (KOSDAQ:A457390) from group of shareholders in a reverse merger transaction on April 28, 2025.

MTI Ltd., Board Meeting, May 13, 2025. Agenda: To consider the Notice Concerning Dividend from Surplus (Interim Dividend).

On March 3, 2025, MTI Ltd. closed the transaction.

MTI Ltd., Board Meeting, Feb 12, 2025. Agenda: To consider the issuance of new shares through a third-party allotment.

MTI Ltd., Q2 2025 Earnings Call, May 14, 2025

MTI Ltd. announced that they will report Q2, 2025 results at 3:00 PM, Tokyo Standard Time on May 13, 2025

MTI Ltd. provided consolidated earnings guidance for the first half of fiscal year ending September 30, 2025. For the first half, the company expects net sales of JPY 14,000 Million, Operating income of JPY 1,250 million to JPY 1,450 million, profit attributable to owners of parent of JPY 1,250 million to JPY 1,390 million. Net income per share of JPY 22.68 to JPY 25.22.

MTI Ltd announced a private placemen to issue 183,400 shares at an issue price of ¥1,901 per share for gross proceeds of ¥200,089,400 on February 12, 2025. The transaction will include participation from new investor Hiro Ichinokura. The transaction has been approved by shareholders of company and is expected to close on March 5, 2025. The company has disclosed the issue expenses of ¥1,300,000 and net proceeds of ¥198,789,400.

MTI Ltd. provided earnings guidance for the full year ending September 30, 2025. For the full year, the company now expects net sales of JPY 28,500 million, operating income to be JPY 2,800 million to JPY 3,200 million, profit attributable to owners of parent in the range of JPY 2,050 million to JPY 2,330 million, net income per share in the range of JPY 37.20 to JPY 42.28.

MTI Ltd. revised consolidated earnings guidance for the first half ending March 31, 2025 and full year ending September 30, 2025. For the first half, the company now expects net sales of JPY 14,000 million against previous guidance of JPY 14,000 million, operating income in the range of JPY 1,250 million to JPY 1,450 million against previous guidance of JPY 1,250 million to JPY 1,450 million, profit attributable to owners of parent in the range of JPY 1,250 million to JPY 1,390 million compared to previous guidance of JPY 660 million to JPY 800 million, net income per share in the range of JPY 22.70 to JPY 25.24 compared to previous guidance of JPY 11.99 to JPY 14.53. For the full year, the company now expects net sales of JPY 28,500 million against previous guidance of JPY 28,500 million, operating income in the range of JPY 2,800 million to JPY 3,200 million against previous guidance of JPY 2,800 million to JPY 3,200 million, profit attributable to owners of parent in the range of JPY 2,050 million to JPY 2,330 million compared to previous guidance of JPY 1,460 million to JPY 1,740 million, net income per share in the range of JPY 37.23 to JPY 42.31 compared to previous guidance of JPY 26.51 to JPY 31.60. Reasons for the revisions: Extraordinary income and income taxes - deferred will be recorded as mentioned in 1. above. Additionally, the consolidated subsidiary, Video Market Corporation, plans to record ¥88 million as extraordinary income under "Consumption Tax Refund" in the first quarter, following the confirmation of a consumption tax refund for the fiscal year ended December 31, 2019. Furthermore, ¥63 million will be recorded as extraordinary income under the same category in the second quarter, following the confirmation of a consumption tax refund for the fiscal year ended September 30, 2020. As a result, the forecast for profit attributable to owners of the parent has been revised upward for both the first half results and the full-year consolidated earnings forecast for the fiscal year ending September 30, 2025.

MTI Ltd., ¥ 9.00, Cash Dividend, Mar-28-2025

MTI Ltd. expected to report First-Half, 2025 results on May 8, 2025. This event was calculated by S&P Global (Created on January 3, 2025).

MTI Ltd. announced that they will report Q1, 2025 results on Feb 12, 2025

MTI Ltd., Q1 2025 Earnings Call, Feb 13, 2025

MTI Ltd. at its annual general meeting of shareholders held on December 21, 2024, approved the election of Hiro Ichinokura and Yuzo Ishikawa as directors.

MTI Ltd. (TSE:9438) agreed to acquire remaining 15% stake in Motivation Works Inc. from Nokura Yu on December 21, 2024. Upon completion, MTI Ltd. will own 100% stake in Motivation Works Inc. For the period ending September 30, 2024, Motivation Works Inc. reported total revenue of ¥1.23 billion, operating loss of ¥90 million and net loss of ¥92 million. As of September 30, 2024, Motivation Works Inc. reported total assets of ¥1.64 billion and net liabilities of ¥1.8 billion. The expected completion of the transaction is January 7, 2025.

MTI Ltd., Board Meeting, Dec 21, 2024.

MTI Ltd., Board Meeting, Nov 22, 2024. Agenda: To consider Personnel Changes Regarding Officers.

MTI Ltd. provided dividend guidance for the second quarter-end of year ending September 30, 2025. For the period, the company expects to pay dividend of JPY 9 per share com[pared to JPY 8 per share a year ago.

MTI Ltd. provided consolidated earnings guidance for the first half and full year ending September 30, 2025. For the first half, the company expects net sales of JPY 14,000 million, operating income in the range of JPY 1,250 million to JPY 1,450 million, profit attributable to owners of parent in the range of JPY 660 million to JPY 800 million, net income per share in the range of JPY 11.99 to JPY 14.53. For the full year, the company expects net sales of JPY 28,500 million, operating income in the range of JPY 2,800 million to JPY 3,200 million, profit attributable to owners of parent in the range of JPY 1,460 million to JPY 1,740 million, net income per share in the range of JPY 26.51 to JPY 31.60.

MTI Ltd. provided dividend guidance for the year ending September 30, 2025. For the period, the company expects to pay dividend of JPY 9 per share com[pared to JPY 9 per share a year ago.

MTI Ltd., Annual General Meeting, Dec 21, 2024, at 10:00 Tokyo Standard Time. Agenda: To consider Appropriation of surplus; to consider Election of ten directors; and to consider Election of one statutory auditor.

MTI Ltd. expected to report Q1 2025 results on February 5, 2025. This event was calculated by S&P Global (Created on November 8, 2024).

CLIMB Factory Co., Ltd. agreed to acquire IT services business for sports and exercise of MTI Ltd. from MTI Ltd. (TSE:9438) for ¥5.5 million on September 19, 2024. For the period ending September 30, 2023, IT services business for sports and exercise of MTI Ltd. reported total revenue of ¥176 million. As of September 30, 2023, IT services business for sports and exercise of MTI Ltd. reported total assets of ¥9 million.

MTI Ltd., Board Meeting, Sep 19, 2024. Agenda: To transfer IT services business for sports and exercise (hereinafter referred to as the "CLIMB Factory Business") to Climb Factory Co., Ltd. (hereinafter referred to as "Climb Factory") through a company split (simplified absorption-type company split), effective November 1, 2024 (hereinafter referred to as the "Company Split ").

MTI Ltd. announced that a meeting of the Board of Directors of the Company held on September 19, 2024, company resolved to transfer IT services business for sports and exercise (hereinafter referred to as the "CLIMB Factory Business") to Climb Factory Co. Ltd. (hereinafter referred to as "Climb Factory") through a company split (simplified absorption-type company split), effective November 1, 2024 (hereinafter referred to as the "Company Split "). Since the Company Split qualifies as a simplified absorption-type company split under Article 796, Paragraph 2 of the Companies Act, and therefore, some disclosure items and details have been omitted. 1. Purpose of the Company Split CLIMB Factory Business has been providing IT services for the sports and exercise sector. However, as focus on healthcare and school DX initiatives, have decided to transfer this business to Climb Factory to optimize the allocation of management resources within group. Summary of the Company Split (1) Schedule of the Company Split: September 19, 2024 as Resolution of the Board of Directors; September 19, 2024 as Date of the conclusion of the Company Split agreement; November 1, 2024 as Effective date of the Company Split (planned). (2) Method of the Company Split: The Company Split is an absorption-type (simplified adsorption-type) company split in which Climb Factory will be a succeeding company. (3) Allocation of shares associated with the Company Split: As consideration for this Company Split, Climb Factory, the successor company, is expected to pay JPY 5,530,000 to company. This amount has been determined based on the valuation results conducted by a third-party organization and through mutual agreement between both parties. Climb Factory, the successor company, will inherit the assets, liabilities, contractual positions, and other rights and obligations related to CLIMB Factory Business as specified in the absorption-type split agreement, effective on the date the Company Split takes effect.

MTI Ltd. reported earnings results for the nine months ended June 30, 2024. For the nine months, the company reported sales was JPY 20,536.81 million compared to JPY 20,138.62 million a year ago. Net income was JPY 2,243.74 million compared to JPY 495.29 million a year ago. Basic earnings per share from continuing operations was JPY 40.88 compared to JPY 9.03 a year ago. Diluted earnings per share from continuing operations was JPY 40.86.

MTI Ltd. revised earnings guidance for the full fiscal year ending September 30, 2024(October 1, 2023 ­ September 30, 2024). For this period, the company expects net sales of ¥27,500 million against previous guidance of ¥27,000 million; Operating income of ¥2,200 million against previous guidance of ¥1,800 million; Profit attributable to owners of parent of ¥2,400 million against previous guidance of ¥1,750 million and net income per share of ¥43.68 against ¥31.99. For the third quarter (cumulative), sales have been exceeding the plan in the cloud drug record business and the corporate DX Support business. As this trend is expected to continue in the fourth quarter, anticipate that both sales and operating income for the full fiscal year will surpass previous forecast.

MTI Ltd. announced that they will report fiscal year 2024 results on Nov 07, 2024

MTI Ltd., 2024 Earnings Call, Nov 08, 2024

MTI Ltd. expected to report Fiscal Year 2024 results on November 8, 2024. This event was calculated by S&P Global (Created on August 6, 2024).