Building a strong business foundation
First written in FY2016. 17 of 28 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2026.
1 other company's latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Special-situation projects involving activist defence, contests for control and M&A increased, mainly those related to activist defence, bringing revenue to ¥2,428 million, up 14.0% year on year. For ordinary-condition projects, including beneficial-shareholder investigations, new engagements and additional engagements from existing customers increased amid a broader trend among listed companies to strengthen proactive initiatives aimed at enhancing corporate value, including shareholder relations to gain the capital markets’ trust, reviews of capital policies, restructuring of medium-term management plans and capital risk management. Revenue from these projects increased 1.6% year on year to ¥3,713 million.」
Engagement value increased for both special-situation and ordinary-condition projects, demonstrating expansion of the business platform on a full-year basis. - 2026-05-15AdvancedFinancial results
「Ordinary projects, defined as projects below ¥50 million, increased 8.4% year on year to ¥4,704 million, owing to an increase in new and additional engagements for beneficial shareholder identification surveys based on strong relationships of trust with customers, as well as equity consulting reflecting changes in the external environment.」
Ordinary projects increased to ¥4,704 million, indicating continued expansion of the business base toward ordinary projects rather than projects centered on large-scale engagements. - FY2026-H1AdvancedAnnual report
「Large-scale projects (¥50 million or more) during the six-month consolidated period declined 36.5% year on year to ¥430 million. Ordinary projects (less than ¥50 million) increased 18.1% year on year to ¥2,653 million, as new and additional engagements, including annual retainer agreements for equity consulting based on strong relationships of trust with customers, increased.」
While large-scale projects declined, ordinary projects increased 18.1% year on year to ¥2,653 million, expanding the ordinary-project side of the business platform through increased new and additional engagements, including annual retainer agreements. - FY2025AdvancedAnnual report
「Projects addressing ordinary conditions, including investigations to identify beneficial shareholders, during the consolidated fiscal year increased 16.7% year on year to ¥3,653 million. New and additional engagements for beneficial-shareholder investigations and equity consulting increased substantially, based on strong relationships of trust with customers and in light of changes in the external environment.」
New and additional ordinary-condition projects increased, with ordinary-condition projects up 16.7% year on year to ¥3,653 million. On an order basis, orders received for IR and SR consulting increased to ¥6,117 million, and the order backlog increased to ¥3,188 million. - FY2025-H1A shift in the mix toward fewer large-scale projects and more ordinary projectsAnnual report
「Large-scale projects (¥50 million or more) during the six-month consolidated period declined 33.8% year on year to ¥676 million, reflecting a decrease in engagements for PA and FA projects involving contests for control. Ordinary projects (less than ¥50 million) increased 9.9% year on year to ¥2,246 million, as new and additional engagements, including annual retainer agreements for equity consulting based on strong relationships of trust with customers, increased from the second half of the previous fiscal year.」
Large-scale projects declined 33.8% year on year to ¥676 million, while ordinary projects increased 9.9% to ¥2,246 million, shifting the business-platform mix from a focus on large-scale projects toward ordinary projects. - FY2024-Q3AdvancedAnnual report
「Large-scale projects (¥50 million or more) during the cumulative third quarter increased 32.0% year on year to ¥1,629 million, reflecting engagements mainly for PA and FA projects involving activist defence. Ordinary projects (less than ¥50 million) declined 16.2% year on year to ¥2,839 million.」
Engagements for large-scale PA and FA projects increased 32.0% year on year to ¥1,629 million, demonstrating concrete progress on the large-project side of the business platform. Ordinary projects, meanwhile, declined 16.2%. - FY2024-Q2AdvancedAnnual report
「Large-scale projects (¥50 million or more) during the cumulative second quarter increased 146.5% year on year to ¥1,022 million, reflecting engagements mainly for PA and FA projects involving activist defence. Ordinary projects (less than ¥50 million) declined 23.3% year on year to ¥2,044 million, as activist-defence projects became larger and some contracts with existing customers were cancelled.」
Large-scale projects increased 146.5% year on year to ¥1,022 million, while ordinary projects declined 23.3% to ¥2,044 million. The shift in the business-platform mix toward large-scale projects addressing special situations is shown in concrete figures for a second consecutive quarter. - FY2024-Q1A sharp increase in special-situation large-scale projects and a decline in ordinary projectsAnnual report
「Engagements for large-scale projects (¥50 million or more) during the cumulative first quarter increased 455.3% year on year to ¥671 million, reflecting an increase in engagements, mainly for PA and FA projects involving activist defence. Engagements for ordinary projects (less than ¥50 million) declined 27.8% year on year to ¥1,331 million, as activist-defence projects became larger and some contracts with existing customers were cancelled.」
Engagements for large-scale projects surged 455.3% year on year to ¥671 million, while ordinary projects declined 27.8% to ¥1,331 million, indicating a major shift in the business platform toward large-scale projects addressing special situations. - FY2023-Q3Revenue declined in both large-scale and ordinary projectsAnnual report
「Revenue from large-scale projects (¥50 million or more) during the cumulative third quarter declined 53.5% year on year to ¥1,234 million. Engagements declined substantially because the Company was unable to actively propose and execute a diverse range of corporate realignments and M&A transactions, mainly involving PA and FA services related to contests for corporate control. Revenue from ordinary projects (less than ¥50 million) declined 2.2% year on year to ¥3,387 million.」
Revenue from large-scale projects declined 53.5%, while revenue from ordinary projects also declined 2.2%. Following the shift through the previous quarter from fewer large-scale projects and more ordinary projects, ordinary-project revenue also declined this quarter. - FY2023-Q2A decline in large-scale projects and an increase in ordinary projectsAnnual report
「Engagements for large-scale projects (¥50 million or more) declined substantially, partly because since June 2022 the Company has been unable to actively propose and execute a diverse range of corporate realignments and M&A transactions, mainly involving PA and FA services related to contests for corporate control. Meanwhile, engagements for ordinary projects (less than ¥50 million) during the cumulative second quarter increased 5.0% year on year to ¥2,665 million.」
Against the backdrop of the impact of investigations by the Securities and Exchange Surveillance Commission and other factors, engagements for large-scale PA and FA projects contracted substantially, while ordinary projects increased, changing the composition of the business platform. - FY2023-Q1AdvancedAnnual report
「Meanwhile, engagements for ordinary projects (less than ¥50 million) during the cumulative first quarter amounted to ¥1,842 million, up 5.3% year on year. In addition to conventional SR advisory services for identifying shareholders and securing stable voting rights, engagements progressed steadily for the Group’s specialised, sophisticated equity consulting services, including corporate-value enhancement advisory services addressing the Tokyo Stock Exchange’s market-segment review, B/S simulations and strategic reviews.」
Engagements for ordinary projects increased 5.3% year on year to ¥1,842 million, expanding the business platform into responses to the market-segment review, corporate-value enhancement advisory services, B/S simulations and strategic reviews. - FY2022AdvancedAnnual report
「Total engagements for large-scale projects (¥50 million or more) amounted to ¥3,547 million, up 3.0% year on year.」
Large-scale projects of ¥50 million or more increased from 25 to 28, while revenue increased from ¥3,446 million to ¥3,547 million. - FY2022-Q3AdvancedAnnual report
「During the third quarter, a symbolic case emerged in Japan in which a strategic buyer (operating company) launched a contest for control of a listed company, and the matter was resolved successfully. The Group’s success as the unique PA and FA adviser in this case attracted considerable attention and accelerated engagements for large-scale projects on both the offensive and defensive sides.」
It states that the contest for control was resolved successfully and that the Group’s track record as PA and FA adviser led to accelerated engagements for large-scale projects on both the offensive and defensive sides. - FY2022-Q2AdvancedAnnual report
「Engagements steadily expanded for ordinary equity consulting projects (less than ¥50 million), while engagements also increased for large-scale PA and FA projects (¥50 million or more) involving contests for corporate control and other matters.」
The expansion of engagements for both ordinary projects and large-scale PA and FA projects of ¥50 million or more is described, indicating continued expansion of the business platform. - FY2022-Q1AdvancedAnnual report
「Total engagements for ordinary projects (less than ¥50 million) during the cumulative first quarter amounted to ¥1,750 million, a substantial increase of 33.4% year on year.」
Engagements for ordinary projects increased 33.4% year on year to ¥1,750 million, demonstrating the expansion of the business platform in numerical terms. - FY2021AdvancedAnnual report
「Total full-year engagements for large-scale projects (¥50 million or more) amounted to ¥3,446 million, up 6.4% year on year.」
There were 25 large-scale projects of ¥50 million or more, generating revenue of ¥3,446 million, an increase in both the number and value of projects from 23 projects and ¥3,239 million in the previous fiscal year. - FY2021-Q3AdvancedAnnual report
「The Group accurately captured these business opportunities, and the SR Consulting Department continued to increase engagements for large-scale projects, including contests for control, activist defence and MBOs, by making full use of the Investment Banking Department’s capabilities.」
The SR Consulting Department used the capabilities of the Investment Banking Department and continued to increase engagements for large-scale projects involving contests for control, activist defence and MBOs. - FY2021-Q1AdvancedAnnual report
「The Company’s PA and FA businesses, developed as unique equity consulting services, are rapidly expanding their engagements for large-scale projects as advisory services that determine the outcome of TOBs and proxy contests.」
The expansion of engagements for large-scale projects through equity consulting centred on the PA and FA businesses demonstrates concrete strengthening of the business platform. - FY2020AdvancedAnnual report
「For the fiscal year ending March 2020, there were 23 large-scale projects (¥50 million or more) for the full year, with revenue of ¥3,239 million.」
There were 23 large-scale projects of ¥50 million or more for the full year, generating revenue of ¥3,239 million, demonstrating concrete results from the business platform. - FY2020-Q3AdvancedAnnual report
「During the quarter, the scope of SR (shareholder relations) advisory services expanded, existing and new engagements increased, and previously disclosed large-scale projects were steadily completed and progressed.」
The scope of SR advisory services and both existing and new engagements expanded, while large-scale projects were completed and progressed. - FY2020-Q1AdvancedAnnual report
「The Group has established a structure capable of providing unique, high-level equity solutions promptly and appropriately in response to the sophisticated and complex capital risks strongly demanded by its Japanese listed-company customers, through continued investment in personnel, systems and AI at its IR and SR consulting and securities transfer agency operations in Kasumigaseki, its research operations in Manhattan, New York, and its investment banking operations in Marunouchi.」
It states that investments in personnel, systems and AI have been made at the Kasumigaseki, Manhattan and Marunouchi locations, establishing a structure for providing equity solutions. - FY2019RestatedAnnual report
「As Japan approaches a major wave of corporate realignment, the Group intends to accelerate sustainable growth by organically integrating its IR and SR consulting, investment banking and securities transfer agency businesses so that it can play a central role amid these changes.」
The policy of building the business platform by organically integrating multiple businesses and accelerating sustainable growth is reconfirmed. - FY2018RestatedAnnual report
「To address these needs, the Group is working to build a robust business platform.」
The policy of building the business platform is reconfirmed as a response to social needs accompanying revisions to related legislation and the spread and increasing adoption of IR and SR activities. - FY2017RestatedAnnual report
「To address these needs, the Group is working to build a robust business platform.」
The policy of building the business platform is reconfirmed as a response to social needs arising from revisions to related legislation and the spread and increasing adoption of IR and SR activities. - FY2017-Q3RestatedAnnual report
「To address these needs, the Group is working to build a robust business platform.」
The policy of building the business platform is reconfirmed as a response to social needs arising from revisions to related legislation and the spread of IR and SR activities. - FY2017-Q2RestatedAnnual report
「To address these needs, the Group is working to build a robust business platform.」
The policy of building the business platform is reconfirmed as a response to social needs arising from revisions to related legislation and the spread of IR and SR activities. - FY2017-Q1RestatedAnnual report
「To address these needs, the Group is working to build a robust business platform.」
The policy of building the business platform is reconfirmed as a response to social needs arising from the spread of IR and SR activities and revisions to related legislation. - FY2016First statedAnnual report
「To address these needs, the Group is working to build a robust business platform.」
This is stated as a response to growing social needs resulting from the spread of IR and SR activities and revisions to related legislation.