Plugging in $b=1$ to $L=x+b-1$, we simply get $L=x$, and we can write $IJ \times K = LIQ$. Under the constraint that no digits in the equation can be 0 or 9 and the five digits $JKLIQ$ are unique, I decided to brute-force the equation and found four candidates: $$34 \times 7 = 238, 67 \times 4 = 268, 72 \times 8 = 576, 83 \times 7 = 581$$ With two additional conditions that $O=K-1$ and $P=10-K+L$ are also unique, only the first one survives, and gives the final answer.
EDIT: if you start with $O=K-1$ and $P=10-K+L$ combined with $\{O,P,J,K,L,I,Q\} \subset \{1,2,3,4,5,6,7,8\}$, you can actually work out the brute force by hand:
K = 2: O = 1, P = 8+L, impossible K = 3: O = 2, P = 7+L, PL = 81, IJ×3 = 1IQ, {IJQ}⊂{4567} but no Q for any J K = 4: O = 3, P = 6+L, PL = 71 or 82 IJ×4 = 1IQ, {IJQ}⊂{2568}: I=2, impossible IJ×4 = 2IQ, {IJQ}⊂{1567}: Q=6, impossible K = 5: O = 4, P = 5+L, PL = 61, 72, or 83 IJ×5 = LIQ: impossible K = 6: O = 5, P = 4+L, PL = 73 or 84 IJ×6 = 3IQ, {IJQ}⊂{1248}: impossible IJ×6 = 4IQ, {IJQ}⊂{1237}: Q=2, J=7, impossible K = 8: O = 7, P = 2+L, PL = 31, 42, 53, 64 IJ×8 = LIQ: 4J×8 = 34Q, {JQ}⊂{126}, impossible K = 7: O = 6, P = 3+L, PL = 41, 52, or 85 IJ×7 = 1IQ: impossible IJ×7 = 2IQ: 3J×7 = 23Q, 34×7 = 238 IJ×7 = 5IQ: I>=8 but P=8, so impossible