Improving Project Profitability and Record-High Earnings
First written in FY2016. 27 of 39 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-09-18.
The whole theme swung hardest in 2020: 15 of 91 companies on the "Worse" side.
40 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Against this backdrop, revenue for the consolidated accounting period increased 6.2% year on year to ¥6,141 million, operating profit increased 27.7% to ¥1,283 million, ordinary profit increased 27.8% to ¥1,301 million, and net profit attributable to owners of the parent increased 28.6% to ¥898 million. EBITDA also increased 21.2% to ¥1,639 million.」
Revenue, operating profit, ordinary profit, and net profit for the year all increased, reversing the decline in profit in the previous fiscal year. - 2026-05-15AdvancedEarnings
「For the fiscal year ending March 2026, net sales increased 6.2% year on year to ¥6,141 million, operating profit increased 27.7% to ¥1,283 million, ordinary profit increased 27.8% to ¥1,301 million, and net income attributable to owners of the parent increased 28.6% to ¥898 million.」
Net sales, operating profit, ordinary profit and net income all increased, reversing the decline in profit recorded in the previous fiscal year. - FY2026-H1AdvancedAnnual report
「Against this backdrop, revenue for the interim consolidated period increased 5.5% year on year to ¥3,083 million, operating profit increased 21.4% to ¥631 million, ordinary profit increased 21.8% to ¥637 million, and interim net profit attributable to owners of the parent increased 24.4% to ¥443 million, resulting in revenue and profit growth.」
Revenue, operating profit, ordinary profit, and interim net profit attributable to owners of the parent all increased, reversing the declines in revenue and profit recorded in the year-earlier period. - FY2025WorsenedAnnual report
「For the consolidated fiscal year (1 April 2024 to 31 March 2025), revenue increased 2.1% year on year to ¥5,783 million, operating profit decreased 6.2% to ¥1,005 million, ordinary profit decreased 4.7% to ¥1,017 million, and net profit attributable to owners of the parent decreased 8.4% to ¥698 million.」
Revenue increased, but operating profit, ordinary profit, and net profit for the year all declined, confirming deterioration in profitability for the fiscal year. - FY2025-H1WorsenedAnnual report
「For the interim consolidated period (1 April 2024 to 30 September 2024), revenue decreased 4.7% year on year to ¥2,923 million. On the profit side, operating profit decreased 37.8% to ¥519 million, ordinary profit decreased 37.4% to ¥522 million, and interim net profit attributable to owners of the parent decreased 36.1% to ¥356 million, reflecting active investments in human resources and other areas.」
Revenue decreased 4.7% year on year, while operating profit, ordinary profit, and interim net profit attributable to owners of the parent declined 37.8%, 37.4%, and 36.1%, respectively. Investments in human resources and other areas were cited as factors affecting profit. - FY2024Profit recovery despite lower revenueAnnual report
「For the consolidated fiscal year (1 April 2023 to 31 March 2024), revenue decreased 5.8% year on year to ¥5,664 million, operating profit decreased 3.9% to ¥1,072 million, ordinary profit decreased 13.8% to ¥1,068 million, and net profit attributable to owners of the parent increased 13.5% to ¥762 million.」
Revenue, operating profit, and ordinary profit declined, while net profit attributable to owners of the parent increased 13.5%, confirming profit recovery despite lower revenue. - FY2024-Q3Revenue decline alongside profit recoveryAnnual report
「For the cumulative third quarter consolidated period (1 April 2023 to 31 December 2023), revenue decreased 3.3% year on year to ¥4,469 million. On the profit side, operating profit increased 19.7% to ¥1,052 million, ordinary profit increased 11.6% to ¥1,054 million, and quarterly net profit attributable to owners of the parent increased 8.1% to ¥708 million, partly because investigation committee expenses and other costs incurred in the previous cumulative third quarter were contained.」
Revenue declined 3.3% year on year, while operating profit increased 19.7%, ordinary profit increased 11.6%, and quarterly net profit attributable to owners of the parent increased 8.1% as investigation committee expenses and other costs were contained, resulting in profit recovery despite lower revenue. - FY2024-Q2AdvancedAnnual report
「During the cumulative second quarter consolidated period, activist involvement targeting listed companies increased, and attention focused on contests for control at listed companies and the stable securing of voting rights, including more active use of shareholder proposal rights.」
Revenue decreased 0.4% year on year to ¥3,067 million, while operating profit increased 69.7% to ¥835 million, ordinary profit increased 68.4% to ¥835 million, and quarterly net profit attributable to owners of the parent increased 60.1% to ¥557 million. Profitability recovered from the substantial decline in the previous fiscal year. - FY2024-Q1AdvancedAnnual report
「For the cumulative first quarter consolidated period (1 April 2023 to 30 June 2023), revenue increased 2.0% year on year to ¥2,003 million. On the profit side, operating profit increased 44.7% to ¥896 million, ordinary profit increased 45.0% to ¥896 million, and quarterly net profit attributable to owners of the parent increased 46.4% to ¥610 million, partly because the number of large projects increased and expenses related to the previous year's general shareholders' meeting were contained, resulting in substantial profit growth.」
The company shifted from substantial declines in both revenue and profit in the previous first quarter to revenue and profit growth, with revenue up 2.0%, operating profit up 44.7%, ordinary profit up 45.0%, and quarterly net profit attributable to owners of the parent up 46.4%. The increase in large projects and containment of expenses related to the general shareholders' meeting were cited as factors. - FY2023-Q3WorsenedAnnual report
「For the cumulative third quarter consolidated period (1 April 2022 to 31 December 2022), revenue decreased 24.4% year on year to ¥4,621 million, operating profit decreased 64.3% to ¥879 million, ordinary profit decreased 61.6% to ¥944 million, and quarterly net profit attributable to owners of the parent decreased 61.7% to ¥654 million, resulting in substantial declines in both revenue and profit.」
Revenue, operating profit, ordinary profit, and quarterly net profit attributable to owners of the parent all declined substantially on a cumulative third-quarter basis, with profitability continuing to deteriorate. - FY2023-Q2WorsenedAnnual report
「For the cumulative second quarter consolidated period (1 April 2022 to 30 September 2022), revenue decreased 27.2% year on year to ¥3,080 million, operating profit decreased 72.3% to ¥492 million, ordinary profit decreased 72.1% to ¥496 million, and quarterly net profit attributable to owners of the parent decreased 71.8% to ¥348 million, resulting in substantial declines in both revenue and profit.」
The cumulative second quarter saw substantial declines in both revenue and profit, with revenue down 27.2%, operating profit down 72.3%, ordinary profit down 72.1%, and quarterly net profit attributable to owners of the parent down 71.8%. - FY2023-Q1WorsenedAnnual report
「For the cumulative first quarter consolidated period (1 April 2022 to 30 June 2022), revenue decreased 25.6% year on year to ¥1,963 million, operating profit decreased 56.7% to ¥619 million, ordinary profit decreased 56.8% to ¥618 million, and quarterly net profit attributable to owners of the parent decreased 57.9% to ¥417 million, resulting in substantial declines in both revenue and profit.」
Revenue, operating profit, ordinary profit, and quarterly net profit attributable to owners of the parent all fell below the year-earlier period, resulting in substantial declines in both revenue and profit. - FY2022WorsenedAnnual report
「For the group's consolidated fiscal year (1 April 2021 to 31 March 2022), revenue increased 1.4% year on year to a record-high ¥8,402 million. Operating profit decreased 14.5% to ¥3,489 million, ordinary profit decreased 14.6% to ¥3,477 million, and net profit attributable to owners of the parent decreased 13.1% to ¥2,434 million.」
Revenue reached a new record high, while operating profit, ordinary profit, and net profit for the year all declined, confirming deterioration in profitability for the fiscal year. - FY2022-Q3WorsenedAnnual report
「For the group's cumulative third quarter consolidated period (1 April 2021 to 31 December 2021), revenue increased 1.8% year on year to a record-high ¥6,116 million. Operating profit decreased 13.9% to ¥2,464 million, ordinary profit decreased 13.9% to ¥2,459 million, and quarterly net profit attributable to owners of the parent decreased 10.8% to ¥1,710 million.」
Revenue reached a record high, while operating profit and ordinary profit declined 13.9% year on year and quarterly net profit attributable to owners of the parent declined 10.8%, marking continued deterioration in profitability. - FY2022-Q2WorsenedAnnual report
「Revenue from standard equity consulting projects (less than ¥50 million) steadily increased, while orders also grew for large PA and FA projects (¥50 million or more) involving contests for corporate control. However, revenue growth remained modest despite reaching a record high, as the easing sentiment surrounding activist campaigns and institutional shareholders' voting behavior continued through the second quarter and the completion of certain large projects, including asset sales, was delayed. On the profit side, results fell below the year-earlier period because selling, general and administrative expenses increased as a result of active investments in human resources and systems, including securities transfer agency services.」
Revenue reached a record high, but revenue growth was limited to 3.1%. Operating profit and ordinary profit declined 12.6% year on year, while quarterly net profit attributable to owners of the parent declined 10.7%. - FY2022-Q1AdvancedAnnual report
「Revenue increased 11.0% year on year to ¥2,640 million, operating profit increased 6.4% to ¥1,431 million, ordinary profit increased 6.4% to ¥1,431 million, and quarterly net profit attributable to owners of the parent increased 8.6% to ¥991 million, all reaching record highs.」
Revenue, operating profit, ordinary profit, and quarterly net profit attributable to owners of the parent all reached record highs. It was also explained that profit margins temporarily declined because of upfront investment in JOIB. - FY2021AdvancedAnnual report
「Revenue increased 7.8% year on year to ¥8,284 million, operating profit increased 12.5% to ¥4,080 million, ordinary profit increased 12.7% to ¥4,070 million, and net profit attributable to owners of the parent increased 14.6% to ¥2,802 million. Revenue and profit grew for the sixth consecutive fiscal year, and all reached record highs.」
Revenue, operating profit, ordinary profit, and net profit attributable to owners of the parent all reached record highs, achieving revenue and profit growth for the sixth consecutive fiscal year. - FY2021-Q3AdvancedAnnual report
「For the group's cumulative third quarter consolidated period (1 April 2020 to 31 December 2020), revenue increased 17.9% year on year to ¥6,008 million, operating profit increased 23.4% to ¥2,861 million, ordinary profit increased 23.3% to ¥2,855 million, and quarterly net profit attributable to owners of the parent increased 20.3% to ¥1,916 million, all reaching record highs.」
Revenue, operating profit, ordinary profit, and quarterly net profit attributable to owners of the parent all reached record highs for the cumulative third quarter period. - FY2021-Q2AdvancedAnnual report
「For the cumulative second quarter consolidated period, revenue increased 20.7% year on year to ¥4,102 million, operating profit increased 38.1% to ¥2,035 million, ordinary profit increased 38.0% to ¥2,030 million, and quarterly net profit attributable to owners of the parent increased 36.7% to ¥1,380 million, all reaching record highs.」
Revenue, operating profit, ordinary profit, and quarterly net profit attributable to owners of the parent all reached record highs for the cumulative second quarter period. - FY2021-Q1AdvancedAnnual report
「Revenue and profit at each stage for the cumulative first quarter consolidated period significantly exceeded the year-earlier period, achieving revenue and profit growth and record highs. Revenue increased 9.7% year on year to ¥2,379 million, operating profit increased 8.3% to ¥1,345 million, ordinary profit increased 8.3% to ¥1,345 million, and quarterly net profit attributable to owners of the parent increased 7.8% to ¥913 million, all reaching record highs.」
Revenue, operating profit, ordinary profit, and quarterly net profit attributable to owners of the parent all reached record highs. However, growth slowed from the substantial increases recorded in the year-earlier period. - FY2020AdvancedAnnual report
「Revenue increased 59.1% year on year to ¥7,682 million, operating profit increased 152.8% to ¥3,626 million, ordinary profit increased 149.5% to ¥3,611 million, and net profit attributable to owners of the parent increased 150.3% to ¥2,445 million, all reaching record highs.」
Revenue, operating profit, ordinary profit, and net profit attributable to owners of the parent all reached record highs, indicating a significant improvement in profitability. - FY2020-Q3AdvancedAnnual report
「For the cumulative third quarter consolidated period, revenue increased 37.0% year on year to ¥5,098 million, operating profit increased 103.7% to ¥2,318 million, ordinary profit increased 100.6% to ¥2,315 million, and quarterly net profit attributable to owners of the parent increased 102.4% to ¥1,592 million. All reached record highs, including the results for the standalone third quarter accounting period.」
Revenue and profit at each stage reached record highs for both the cumulative third quarter period and the standalone third quarter accounting period. - FY2020-Q2AdvancedAnnual report
「For the cumulative second quarter consolidated period, revenue increased 32.7% year on year to ¥3,398 million, operating profit increased 70.8% to ¥1,474 million, ordinary profit increased 67.2% to ¥1,471 million, and quarterly net profit attributable to owners of the parent increased 68.4% to ¥1,009 million, with all reaching record highs.」
Record highs were achieved for revenue, operating profit, ordinary profit, and quarterly net profit attributable to owners of the parent for the cumulative second quarter consolidated period. - FY2020-Q1AdvancedAnnual report
「Revenue and profit at each stage for the cumulative first quarter consolidated period significantly exceeded the year-earlier period, achieving revenue and profit growth and record highs. Revenue increased 56.3% year on year to ¥2,169 million. Operating profit increased 121.8% to ¥1,242 million, partly because the completion of annual investments to expand the operating structure further improved profitability. Ordinary profit increased 114.9% to ¥1,241 million, and quarterly net profit attributable to owners of the parent increased 115.5% to ¥847 million.」
Against a backdrop of completed investments to expand the operating structure and improved profitability, revenue and profit at each stage exceeded the year-earlier period, achieving a record high for a first quarter. - FY2019AdvancedAnnual report
「Revenue and profit at each stage for the consolidated fiscal year significantly exceeded the year-earlier period, achieving revenue and profit growth for the fifth consecutive fiscal year and record highs. Revenue increased 16.8% year on year to ¥4,827 million. Operating profit, despite absorbing higher costs for opening investment banking offices and expanding the consultant workforce, increased 24.0% to ¥1,434 million. Ordinary profit increased 25.1% to ¥1,447 million. Net profit attributable to owners of the parent increased 18.9% to ¥976 million.」
The company absorbed the costs of opening investment banking offices and expanding its workforce, achieving revenue and profit growth for the fifth consecutive fiscal year and record highs. - FY2019-Q3AdvancedAnnual report
「Revenue and profit at each stage for the third quarter accounting period significantly exceeded the year-earlier period, reaching record highs. For the cumulative third quarter consolidated period, revenue increased 15.9% year on year, operating profit increased 14.0%, ordinary profit increased 15.6%, and quarterly net profit attributable to owners of the parent increased 16.8%, resulting in record-high revenue and profits.」
Record highs were achieved for both the third quarter accounting period and the cumulative period, with cumulative revenue up 15.9%, operating profit up 14.0%, ordinary profit up 15.6%, and quarterly net profit attributable to owners of the parent up 16.8%. - FY2019-Q2AdvancedAnnual report
「As investment banking operations, including FA and proxy advisory services that leveraged strong relationships with listed-company clients, steadily increased contracted engagements, net sales increased 13.2% from the same period of the previous year to ¥2,560 million, reaching record highs both for the standalone quarter and the cumulative consolidated period. Despite higher costs for opening the Investment Banking Division's office and expanding the consultant workforce, operating profit increased 7.9% from the same period of the previous year, ordinary profit increased 9.8%, partly due to income from late-payment damages recorded as non-operating income, and profit attributable to owners of the parent increased 10.9%.」
As contracted investment banking engagements increased, net sales rose 13.2% year on year to ¥2,560 million, reaching record highs both for the quarter and the cumulative period. Operating profit increased 7.9%, ordinary profit increased 9.8%, and profit attributable to owners of the parent increased 10.9%. - FY2019-Q1AdvancedAnnual report
「In addition, as investment banking operations, including advisory services for self-tender offers and other transactions, began operating in earnest, net sales increased 20.5% from the same period of the previous year. Despite higher costs related to the new office of the Investment Banking Division and increased personnel expenses, operating profit increased 15.3% to ¥559 million, ordinary profit increased 18.8% to ¥577 million, and profit attributable to owners of the parent increased 19.3% to ¥393 million.」
The full-scale launch of investment banking operations and advisory services for self-tender offers and other transactions resulted in net sales increasing 20.5% year on year and operating profit increasing 15.3%. - FY2018AdvancedAnnual report
「As investment banking operations, including advisory services for self-tender offers and other transactions, began operating in earnest, net sales increased 7.7% from the previous fiscal year. In the highly profitable investment banking business, in addition to proxy advisory (PA), in which the company has an absolute competitive advantage, the steady accumulation of financial advisory (FA) engagements resulted in gross profit increasing 13.0% to ¥3,088 million, operating profit increasing 14.5% to ¥1,156 million, and ordinary profit increasing 14.7% to ¥1,157 million. After recording ¥22 million in gains on sales of investment securities, profit attributable to owners of the parent increased 18.2% to ¥821 million, with both revenue and profit increasing for the fourth consecutive period and record highs for net sales and profit being renewed.」
The accumulation of FA engagements and growth in investment banking operations resulted in record-high net sales and profit, with revenue and profit increasing for the fourth consecutive period. - FY2018-Q3AdvancedAnnual report
「An increase in highly profitable investment banking operations resulted in operating profit increasing 23.7% and ordinary profit increasing 23.9% year on year, with each profit margin relative to net sales also rising. As a result, profit attributable to owners of the parent increased 36.7% year on year. Net sales and profit for the nine-month period both reached record highs.」
The increase in investment banking operations resulted in operating profit rising 23.7%, ordinary profit rising 23.9% and profit attributable to owners of the parent rising 36.7%, setting new record highs for both net sales and profit for the nine-month period. - FY2018-Q2AdvancedAnnual report
「Net sales for the six-month period increased 8.5% from the same period of the previous year, driven by stronger demand for SR consulting amid heightened corporate awareness of voting-rights risks and steady progress on contracted investment banking engagements. Accordingly, operating profit increased 14.4% and ordinary profit increased 14.6% year on year. As a result, profit attributable to owners of the parent increased substantially by 26.4% year on year. Net sales and profit for the six-month period both reached record highs.」
For the six-month period, net sales increased 8.5% year on year, operating profit increased 14.4%, ordinary profit increased 14.6%, and profit attributable to owners of the parent increased 26.4%, with both net sales and profit reaching record highs. - FY2018-Q1WorsenedAnnual report
「For the six-month period ended 30 June 2017 (1 April 2017 to 30 June 2017) of the current fiscal year, net sales decreased 5.8% from the same period of the previous year because revenue from some investment banking engagements in progress was not recognized until the second quarter or later. Due to the decline in net sales, operating profit decreased 16.2% and ordinary profit decreased 16.1% year on year, while profit attributable to owners of the parent decreased 6.9% year on year due to lower income taxes and other taxes.」
Because revenue from investment banking engagements was not recognized until the second quarter or later, net sales decreased 5.8% year on year, operating profit decreased 16.2%, ordinary profit decreased 16.1%, and profit attributable to owners of the parent decreased 6.9%. - FY2017AdvancedAnnual report
「In response to growing demand for consulting related to companies' compliance with the Corporate Governance Code, corporate reorganizations and corporate control, including voting rights, sales of SR consulting, the group's core business, increased. Investment banking operations also began operating in earnest, resulting in a 10.6% increase in net sales from the previous fiscal year.」
Net sales increased 10.6% from the previous fiscal year, operating profit and ordinary profit each increased 29.4%, and profit attributable to owners of the parent increased 56.1%. The full-scale launch of investment banking operations and the increase in highly profitable engagements were also described. - FY2017-Q3AdvancedAnnual report
「Net sales and profit for the nine-month period of the fiscal year reached record highs.」
Net sales and profit for the nine-month period reached record highs. Net sales increased 13.4% year on year, operating profit and ordinary profit each increased 57.9%, and profit attributable to owners of the parent increased 47.2%. - FY2017-Q2AdvancedAnnual report
「As highly profitable projects related to investment banking continued to increase, while outsourcing expenses and rent and other costs that had temporarily risen due to the relocation of headquarters in the previous fiscal year declined, operating profit substantially exceeded the same period of the previous year by 101.4%. Ordinary profit exceeded the same period of the previous year by 101.5%, and profit attributable to owners of the parent increased 88.1%, resulting in a substantial increase in profit.」
An increase in highly profitable investment banking engagements led to increases of 101.4% in operating profit, 101.5% in ordinary profit and 88.1% in profit attributable to owners of the parent from the same period of the previous year. The efficient utilization of consultants across the company and lower costs were also cited as factors contributing to higher profitability. - FY2017-Q1AdvancedAnnual report
「This quarter, both net sales and profit reached quarterly record highs.」
In addition to the previous reference to record-high earnings, quarterly net sales and profit reached record highs this quarter. - FY2016First statedAnnual report
「As the average profitability of projects overall improved in the core IR and SR consulting business and highly profitable projects related to investment banking and other services steadily grew from the fourth quarter, selling, general and administrative expenses increased by only 8.6%. As a result, operating profit rose 42.0% and ordinary profit rose 41.4% from the same period of the previous year, producing a substantial increase in profit and record-high earnings.」
Net sales increased 8.1% year on year, and operating profit was ¥780.628 million.