Worth reading
73In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
8.8
Year-on-year revenue growth (%)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter of the fiscal year ending September 202613 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥9,737 million+8.8%
Operating profit¥2,699 million+10.7%
Ordinary income¥2,709 million+11.0%
Net income¥1,850 million+6.4%
Operating profit margin27.7 %
Selling, general and administrative expenses¥2,875 million
Full-year earnings forecast
Net Sales
¥22,523 million
Cost of sales
¥9,259 million
Gross profit
¥13,263 million
Selling, general and administrative expenses
¥5,946 million
Operating profit
¥7,316 million
Ordinary income
¥7,343 million
Profit before income taxes for the period
¥7,343 million
Net income for the current fiscal year
¥5,025 million
Completed M&A brokerage engagements
306 transactions
New engagements
1,270 Engagements
Headcount
509 people
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales
84.2 % of first-half plan
Operating profit
71.9 % of first-half plan
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue reached 84.2% and operating profit 71.9% of the first-half planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Cost of sales
Personnel Expenses¥431 million
Project referral fees¥-73 million
Other¥94 million
Selling, general and administrative expenses
Personnel Expenses¥158 million
Advertising expenses¥-91 million
Rent¥34 million
Other¥-27 million
New initiatives
- Transition to a Holding Company Structure
- Launch of the financial advisory business
- Launch of the M&A strategy consulting business
- Stock Split
- Shareholder returns with a dividend per share floor of ¥65 through the fiscal year ending September 2028
Key KPIsA metric the company considers important as a management benchmark.
- Deals closed133 transactionsYear on year against the same period last year+3.0%
- Completed Engagements256 Engagements
- Number of basic agreements208 transactionsYear on year against the same period last year+58.0%
- New engagements636 EngagementsYear on year against the same period last year+101.0%
- Number of employees437 people
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Project Pricing
Prior-year period¥68.8 million
Current fiscal year¥73.2 million
Unit price of new engagements
Previous period¥77 million
Current 2Q¥79 million
Medium-term management plan targets
Net Sales
Target10–20% annual average growth rate
ROE
Target25% or higher
Target fiscal yearFiscal year ending September 2028
Financial targets
ROE
Target25% or higher
Market Size / Share
Number of domestic M&A transactions
12,000 transactions
Remarks2025 estimate
ストライク market share
2 %
Number of stores and locations
End of period9 Location
Number of employees
437 people
Hiring planIncrease the number of consultants by 55 during the year. 50 new employees, including new graduates, will join on 1 April 2026
Annual Dividend
Annual dividend per share¥65
Payout ratio
50 %
Acquisition of treasury shares
To be addressed and considered flexibly depending on circumstances. Amount, number of shares and period for the acquisition: Not disclosed| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending September 2026 |
| Net Sales | ¥9,737 million (YoY +8.8%) |
| Operating profit | ¥2,699 million (YoY +10.7%) |
| Ordinary income | ¥2,709 million (YoY +11.0%) |
| Net income | ¥1,850 million (YoY +6.4%) |
| Operating profit margin | 27.7 % |
| Selling, general and administrative expenses | ¥2,875 million |
| Full-year earnings forecast | Net Sales ¥22,523 million / Cost of sales ¥9,259 million / Gross profit ¥13,263 million / Selling, general and administrative expenses ¥5,946 million / Operating profit ¥7,316 million / Ordinary income ¥7,343 million / Profit before income taxes for the period ¥7,343 million / Net income for the current fiscal year ¥5,025 million / Completed M&A brokerage engagements 306 transactions / New engagements 1,270 Engagements / Headcount 509 people |
| Progress against full-year forecast | Net Sales 84.2 % of first-half plan / Operating profit 71.9 % of first-half plan |
| Self-assessment against the plan | Revenue reached 84.2% and operating profit 71.9% of the first-half plan |
| Breakdown of Factors Affecting the Change | Cost of sales Personnel Expenses ¥431 million / Project referral fees ¥-73 million / Other ¥94 million / Selling, general and administrative expenses Personnel Expenses ¥158 million / Advertising expenses ¥-91 million / Rent ¥34 million / Other ¥-27 million |
| Key KPIs | Deals closed 133 transactions, Completed Engagements 256 Engagements, Number of basic agreements 208 transactions, New engagements 636 Engagements, Number of employees 437 people |
| Unit price and quantity metrics | Project Pricing Prior-year period ¥68.8 million / Current fiscal year ¥73.2 million / Unit price of new engagements Previous period ¥77 million / Current 2Q ¥79 million |
| Number of stores and locations | End of period 9 Location / Number of store openings and closures during the period Not disclosed |
| Number of employees | 437 people |
| Medium-term management plan targets | Net Sales Target 10–20% annual average growth rate / ROE Target 25% or higher / Target fiscal year Fiscal year ending September 2028 |
| Financial targets | ROE Target 25% or higher / Actual results Not disclosed |
| Annual Dividend | Annual dividend per share ¥65 / Interim Not disclosed / End of period Not disclosed |
| Payout ratio | 50 % |
| Acquisition of treasury shares | To be addressed and considered flexibly depending on circumstances. Amount, number of shares and period for the acquisition: Not disclosed |
| Market Size / Share | Number of domestic M&A transactions 12,000 transactions / ストライク market share 2 % |
| New initiatives | Transition to a Holding Company Structure, Launch of the financial advisory business, Launch of the M&A strategy consulting business, Stock Split, Shareholder returns with a dividend per share floor of ¥65 through the fiscal year ending September 2028 |
Items this document does not state (8)
Gross Profit MarginResults for the three months of the current quarterSegment resultsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookCapital expendituresOrders received and order backlogKey points of the Q&A
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.The period from signing the definitive agreement to closing became longer due to the higher proportion of listed companies among acquiring companies and customer requests, resulting in revenue and operating profit falling short of the first-half plan. For the second half, the company expects an increase in completed transactions supported by strong progress in memoranda of understanding.
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