Reliance on M&A brokerage as a single business
First written in FY2024. 2 of 3 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 22 of 57 companies on the "Worse" side.
47 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「We operate a single business consisting solely of M&A advisory services. Over the medium to long term, we will also consider diversifying our business by entering industries outside M&A advisory services. For the time being, however, we plan to focus on the SME M&A advisory market, which is expected to continue expanding.」
The current dependence on a single business and the consideration of medium- to long-term diversification continue to be disclosed. - FY2025RestatedAnnual report
「We operate a single business consisting solely of M&A advisory services. Over the medium to long term, we will also consider diversifying our business by entering industries outside M&A advisory services. For the time being, however, we plan to focus on the SME M&A advisory market, which is expected to continue expanding.」
The current dependence on a single business and the consideration of medium- to long-term diversification continue to be disclosed. - FY2024First statedAnnual report
「We operate a single business consisting solely of M&A advisory services. Over the medium to long term, we will also consider diversifying our business by entering industries outside M&A advisory services. For the time being, however, we plan to focus on the SME M&A advisory market, which is expected to continue expanding.」
The possibility that a market contraction could affect performance is disclosed as a risk associated with the single-business structure.