Revised forecast
Fiscal year ending May 2026 · Full yearPrevious forecast published 30 June 2025The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
Changes in the M&A brokerage market environment have extended the time required to close transactions and increased the difficulty of closing them, resulting in prolonged consideration of transactions and an accumulation of transactions that did not close. The number of transactions expected to close is expected to decrease from 56 to 48. Revenue per transaction is also expected to decline from ¥37 million to ¥32 million due to fewer medium-sized and large-scale transactions closing, and the forecasts for net sales and each profit item have therefore been revised downward.
| Item | Details |
|---|---|
| Net Sales | ¥2,088 million → ¥1,548 million（-25.9%） |
| Operating profit | ¥497 million → ¥110 million（-77.9%） |
| Ordinary income | ¥497 million → ¥115 million（-76.8%） |
| Profit attributable to owners of the parent | ¥345 million → ¥79 million（-77.1%） |
| Net income per share | 161.41 yen → 36.72 yen |
| Fiscal Period Covered | Fiscal year ending May 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 30 June 2025 |
| Previous-period results | Net sales: ¥1,892 million; operating profit: ¥497 million; ordinary profit: ¥486 million; net income: ¥311 million; earnings per share: ¥148.55 (fiscal year ended May 2025) |
| Reason for the revision | Changes in the M&A brokerage market environment have extended the time required to close transactions and increased the difficulty of closing them, resulting in prolonged consideration of transactions and an accumulation of transactions that did not close. The number of transactions expected to close is expected to decrease from 56 to 48. Revenue per transaction is also expected to decline from ¥37 million to ¥32 million due to fewer medium-sized and large-scale transactions closing, and the forecasts for net sales and each profit item have therefore been revised downward. |
| Dividend forecast revision | The year-end dividend forecast and annual dividend forecast have been revised from ¥65 to undecided. The company plans to disclose the forecasts again when it announces its financial results on 30 June 2026. |
| Consolidated / non-consolidated | Non-consolidated |
Items this document does not state (1)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Changes in the M&A brokerage market environment have extended the time required to close transactions and increased the difficulty of closing them. As a result, consideration of multiple transactions, including large-scale transactions, has been prolonged or has not resulted in a closing. The number of transactions expected to close has decreased from the initially planned 56 to 48, while revenue per transaction is expected to decline from ¥37 million to ¥32 million due to fewer medium-sized and large-scale transactions closing.