Hulic Co., Ltd.

Among the main individual items announced on the 18th, Onex will acquire land for an AI data center and power receiving facilities and launch a new business; Kidswell will sell listed securities it holds and record an extraordinary gain; and Sanyo Trading announced that misappropriation of funds was discovered at its U.S. subsidiary and that it will set up a special investigation committee. Wada Kosan revised up its earnings plan for the cumulative second quarter of the fiscal year ending February 2027, covering March through August, raising standalone operating profit to 2 billion yen from 1.6 billion yen, up 27.5 percent year on year, while leaving its full-year plan unchanged and increasing its dividend plan to 67 yen per year from 60 yen, against 72 yen in the previous fiscal year. Yamaichi Electronics resolved to build a fourth plant in the Philippines, with total investment of about 6.5 billion yen and operations scheduled to begin in the second half of fiscal 2028. SQUEEZE announced a capital and business alliance with Hulic, raising Hulic's ownership stake to 6.97 percent from 1.98 percent. Nippon Insulator revised up its consolidated operating profit for the cumulative second quarter of the fiscal year ending March 2027, covering April through September, to 384 million yen from 281 million yen, down 44.6 percent from a year earlier. Nikkato revised up its standalone operating profit for the fiscal year ending March 2027 to 1.22 billion yen from 1.1 billion yen, up 13.9 percent year on year. Shoei Yakuhin revised up its consolidated operating profit for the cumulative second quarter of the fiscal year ending March 2027 to 424 million yen from 208 million yen, up 76.7 percent year on year. Inter Action won a large order worth 747 million yen for image sensor inspection-related products, with revenue expected to be recorded between September 2026 and May 2027.

Hulic announced on the 7th that it will acquire all shares of Tokyo Kyoikuken, which operates the University of Tokyo entrance exam prep cram school Tetsuryokukai, from Benesse Corporation, making it a wholly owned subsidiary. The acquisition price is undisclosed, and the planned acquisition date is the 31st. Hulic entered the children's education business in 2020 and has been promoting the consolidation of Risoh Education Group as a subsidiary and partnerships with Konami Sports. Under its medium-term management plan, it advocates becoming a real estate trading company and is accelerating M&A. Tetsuryokukai was founded in 1983 and has campuses in Tokyo, Osaka, Kyoto, and Hyogo. Hulic will leverage its real estate development and operation expertise to support the expansion of existing areas and new store openings.

Kennedy Wilson has partnered with Kenedix and Hulic to acquire Carraway, a 421-unit multifamily community in West Harrison, New York, for $237 million. The Class A property, completed in 2021, is located in Westchester County approximately 25 miles north of Manhattan and features a mix of studio, one-bedroom and two-bedroom residences, structured parking and about 6,400 square feet of ground-floor retail space. The acquisition expands Kennedy Wilson's investment management platform and deepens its relationship with the two Japanese partners, marking their fourth joint venture investment together. Carraway benefits from average household incomes exceeding $175,000 in the area and proximity to major employers such as IBM, PepsiCo, Mastercard, Morgan Stanley and Regeneron, with rents increasing more than 5% over the last year.

Astroscale Holdings Inc. has secured ¥30.6 billion in funding from Hulic, SKY Perfect JSAT, and other investors, closing the transaction on June 5. The funding follows a strategic partnership announced on May 19 with SKY Perfect JSAT, which is investing in Astroscale and will cooperate on on-orbit servicing including satellite inspection, repair, and life-extension services. For fiscal year 2026, Astroscale reported revenue of ¥5.94 billion, up 141.8% year over year, with project income rising 89% to ¥11.5 billion and a backlog of ¥37.9 billion.