{
 "as_of": "2026-11-06",
 "cmr": "jp-cm-kg/TSE-STANDARD/8275",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# FORVAL CORPORATION (Standard Market: 8275) — research page\n\nAs of 2026-11-06 · jp-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is FORVAL CORPORATION, listed on the Standard Market under ticker 8275. The ISIN is not on the record and the LEI is not on the record. Its security type is Corporate, its segment is not on the record, its sector is 6050 Wholesale Trade, and its jurisdiction is Japan (EDINET domestic filer). The issuer is listed and not halted.\n\n## The disclosure read\n\nThe record holds 8 filings in the twelve months to 2026-11-06, on 5 filing days. The median gap between filing days is 64.5 days. The latest filing is dated 2026-06-23 and is an ad hoc filing, 136 days before the record date. The Standard Market median cadence gap is 67.5 days across 1559 issuers, and the 6050 Wholesale Trade median is 61.0 days across 299 issuers. The median filings are 7 for the Standard Market and 8 for 6050 Wholesale Trade. The median latency is 107 days for the Standard Market and 91.0 days for 6050 Wholesale Trade.\n\n## Auditor\n\nThe auditor of record is 太陽有限責任監査法人. Its location is not on the record. Auditor changes are not on the record.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, because the market has no lifecycle type map yet. The issuer is listed and not halted.\n\n## Orderability\n\nFor Qualified Institutional Investors, the outcome is not determinable, because the rule states a product scope and the record carries no instrument class to place within it. The rule version is acm-68000/jp/suitability-principle-fiea-article-40/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nNo research houses were found on the issuer's investor-relations pages read.\n\n## Open research\n\nThe record holds 5 openly published research notes, all by FISCO Ltd., dated 2026-01-15, 2025-09-30, 2024-12-26, 2023-09-22 and 2022-06-30.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. No years for the issuer are sealed, the market's earliest sealed date is not on the record, and the live record began is not on the record.\n\n## Sources\n\n12 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx (identity.exchange)\n- https://disclosure2dl.edinet-fsa.go.jp/searchdocument/codelist/Edinetcode.zip (identity.jurisdiction)\n- https://mcp.jp-cm-kg.ai/events/TSE-STANDARD/8275 (the disclosure lines)\n- https://www.jpx.co.jp/markets/equities/suspended/index.html (the halt flag)\n- https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YEZW (the auditor)\n- https://mcp.jp-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.forval.co.jp/news/up_img/1768467092-360705.pdf (open research)\n- https://www.forval.co.jp/news/up_img/1759219229-005061.pdf (open research)\n- https://www.forval.co.jp/news/up_img/1735283286-573849.pdf (open research)\n- https://www.forval.co.jp/news/up_img/1695616941-619979.pdf (open research)\n- https://www.forval.co.jp/news/up_img/1656572190-323688.pdf (open research)\n- https://mcp.jp-cm-kg.ai/record/TSE-STANDARD/8275 (the record)\n",
 "market": "JP",
 "node": "jp-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the JP vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "read_by": "EDINET XBRL-to-CSV facts (API v2 type=5, 有価証券報告書 docTypeCode 120) — element jpcrp_cor:AuditFirm1Consolidated",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YEZW",
    "state": "sourced",
    "value": "太陽有限責任監査法人"
   },
   "auditor_firm_id": {
    "market": "JP",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "JP",
    "state": "not_on_record"
   },
   "changes": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "jp-cm-kg/TSE-STANDARD/8275",
  "coverage": {
   "count": 0,
   "houses": [],
   "pages_checked": [],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": null,
   "state": "none_found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 1559,
     "median_cadence_gap_days": 67.5,
     "median_filings": 7,
     "median_latency_days": 107,
     "name": "Standard Market"
    },
    "sector": {
     "issuers": 299,
     "median_cadence_gap_days": 61,
     "median_filings": 8,
     "median_latency_days": 91,
     "name": "6050 Wholesale Trade"
    }
   },
   "by_type": {
    "ad_hoc": 2,
    "major_holder": 1,
    "regulatory_filing": 3,
    "results": 2
   },
   "cadence_median_gap_days": 64.5,
   "filing_days": 5,
   "filings": 8,
   "latency_days": 136,
   "latest": [
    {
     "category": "臨時報告書 (extraordinary report)",
     "date": "2026-06-23",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YHOH",
     "title": "臨時報告書",
     "type": "ad_hoc"
    },
    {
     "category": "135",
     "date": "2026-06-19",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YF12",
     "title": "確認書",
     "type": "regulatory_filing"
    },
    {
     "category": "235",
     "date": "2026-06-19",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YF0V",
     "title": "内部統制報告書－第46期(2025/04/01－2026/03/31)",
     "type": "regulatory_filing"
    },
    {
     "category": "有価証券報告書 (annual securities report)",
     "date": "2026-06-19",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YEZW",
     "title": "有価証券報告書－第46期(2025/04/01－2026/03/31)",
     "type": "results"
    },
    {
     "category": "大量保有報告書 (large shareholding report)",
     "date": "2026-04-03",
     "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XVQB",
     "title": "変更報告書",
     "type": "major_holder"
    }
   ],
   "latest_filing_date": "2026-06-23",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.jp-cm-kg.ai/events/TSE-STANDARD/8275",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "Standard Market"
   },
   "isin": {
    "market": "JP",
    "reason": "no LEI, so no GLEIF ISIN route",
    "state": "not_on_record"
   },
   "jurisdiction": {
    "read_by": "EDINET code list (Edinetcode.zip, filer master with corporate number) (提出者種別)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/codelist/Edinetcode.zip",
    "state": "sourced",
    "value": "Japan (EDINET domestic filer)"
   },
   "lei": {
    "market": "JP",
    "reason": "no GLEIF record registered as 0110-01-025865 (RA000412)",
    "state": "not_on_record"
   },
   "name": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "FORVAL CORPORATION"
   },
   "sector": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English) (33-sector classification)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "6050 Wholesale Trade"
   },
   "security_type": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "market": "JP",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "8275"
   },
   "website": {
    "market": "JP",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "JP",
  "node": "jp-cm-kg",
  "numbers_hash": "sha256:818bbb94ad120a7273e8c3744db5ab82b869af8e9157aa82c7223468b0167197",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [
    {
     "date": "2026-01-15",
     "kind": "issuer-sponsored",
     "publisher": "FISCO Ltd.",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.forval.co.jp/news/up_img/1768467092-360705.pdf",
     "state": "sourced",
     "title": "COMPANY RESEARCH AND ANALYSIS REPORT — FORVAL CORPORATION"
    },
    {
     "date": "2025-09-30",
     "kind": "issuer-sponsored",
     "publisher": "FISCO Ltd.",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.forval.co.jp/news/up_img/1759219229-005061.pdf",
     "state": "sourced",
     "title": "COMPANY RESEARCH AND ANALYSIS REPORT — FORVAL CORPORATION"
    },
    {
     "date": "2024-12-26",
     "kind": "issuer-sponsored",
     "publisher": "FISCO Ltd.",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.forval.co.jp/news/up_img/1735283286-573849.pdf",
     "state": "sourced",
     "title": "COMPANY RESEARCH AND ANALYSIS REPORT — FORVAL CORPORATION"
    },
    {
     "date": "2023-09-22",
     "kind": "issuer-sponsored",
     "publisher": "FISCO Ltd.",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.forval.co.jp/news/up_img/1695616941-619979.pdf",
     "state": "sourced",
     "title": "COMPANY RESEARCH AND ANALYSIS REPORT — FORVAL CORPORATION"
    },
    {
     "date": "2022-06-30",
     "kind": "issuer-sponsored",
     "publisher": "FISCO Ltd.",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.forval.co.jp/news/up_img/1656572190-323688.pdf",
     "state": "sourced",
     "title": "COMPANY RESEARCH AND ANALYSIS REPORT — FORVAL CORPORATION"
    }
   ],
   "state": "found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "Qualified Institutional Investors"
   ],
   "outcomes": {
    "Qualified Institutional Investors": {
     "determinable": false,
     "reason": "the rule states a product scope and the subject's record carries no instrument class to place within it",
     "signal": null
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.jp-cm-kg.ai/book/aio.json",
    "door": "https://mcp.jp-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/jp/suitability-principle-fiea-article-40/r1",
   "section": "jp.aio.v6"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.jp-cm-kg.ai/record/TSE-STANDARD/8275",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-08",
   "source": "https://www.jpx.co.jp/markets/equities/suspended/index.html",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:818bbb94ad120a7273e8c3744db5ab82b869af8e9157aa82c7223468b0167197",
 "path": "/jp/TSE-STANDARD/8275",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is FORVAL CORPORATION, listed on the Standard Market under ticker 8275. The ISIN is not on the record and the LEI is not on the record. Its security type is Corporate, its segment is not on the record, its sector is 6050 Wholesale Trade, and its jurisdiction is Japan (EDINET domestic filer). The issuer is listed and not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 8 filings in the twelve months to 2026-11-06, on 5 filing days. The median gap between filing days is 64.5 days. The latest filing is dated 2026-06-23 and is an ad hoc filing, 136 days before the record date. The Standard Market median cadence gap is 67.5 days across 1559 issuers, and the 6050 Wholesale Trade median is 61.0 days across 299 issuers. The median filings are 7 for the Standard Market and 8 for 6050 Wholesale Trade. The median latency is 107 days for the Standard Market and 91.0 days for 6050 Wholesale Trade.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is 太陽有限責任監査法人. Its location is not on the record. Auditor changes are not on the record.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, because the market has no lifecycle type map yet. The issuer is listed and not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "For Qualified Institutional Investors, the outcome is not determinable, because the rule states a product scope and the record carries no instrument class to place within it. The rule version is acm-68000/jp/suitability-principle-fiea-article-40/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "No research houses were found on the issuer's investor-relations pages read.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The record holds 5 openly published research notes, all by FISCO Ltd., dated 2026-01-15, 2025-09-30, 2024-12-26, 2023-09-22 and 2022-06-30.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. No years for the issuer are sealed, the market's earliest sealed date is not on the record, and the live record began is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "12 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/codelist/Edinetcode.zip"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.jp-cm-kg.ai/events/TSE-STANDARD/8275"
  },
  {
   "for": "the halt flag",
   "source": "https://www.jpx.co.jp/markets/equities/suspended/index.html"
  },
  {
   "for": "the auditor",
   "source": "https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YEZW"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.jp-cm-kg.ai/book/aio.json"
  },
  {
   "for": "open research",
   "source": "https://www.forval.co.jp/news/up_img/1768467092-360705.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.forval.co.jp/news/up_img/1759219229-005061.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.forval.co.jp/news/up_img/1735283286-573849.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.forval.co.jp/news/up_img/1695616941-619979.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.forval.co.jp/news/up_img/1656572190-323688.pdf"
  },
  {
   "for": "the record",
   "source": "https://mcp.jp-cm-kg.ai/record/TSE-STANDARD/8275"
  }
 ],
 "title": "FORVAL CORPORATION (8275) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}