Worth reading
53Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
-56.4
% (year-on-year change in revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Financial Results PresentationFirst quarter of the fiscal year ending November 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥105 million-56.4%
Operating profit¥-116 million
Ordinary income¥-116 million
Net income¥-79 million profit attributable to owners of the parent
Selling, general and administrative expenses¥127 million
Results for the three months of the current quarterRevenue of ¥105 million, an operating loss of ¥116 million, an ordinary loss of ¥116 million, and quarterly net loss attributable to owners of the parent of ¥79 million. 2 deals closed and 23 new mandates received.
Full-year earnings forecast
Net Sales
¥1,630 million
Operating profit
¥194 million
Ordinary income
¥197 million
Profit attributable to owners of the parent
¥131 million
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 Sales6.5%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Delays in transactions expected to close and a longer period from signing a basic agreement to closing. The number of deals closed decreased by 5, from 7 in the same period of the previous year to 2.
New initiatives
- Further development of an organizational structure by mandate channel and function
- Enhancement of the transaction management structure using IT tools
- Strengthening proactive recruitment through scouting, recruitment seminars and other initiatives
- Fundamental review of the training curriculum
- Strengthening the partnership network with financial institutions, professional service firms and others
- Promoting alliances with companies such as リンカーズ
- Use of AI matching
Key KPIsA metric the company considers important as a management benchmark.
- Completed Engagements2 EngagementsYear on year against the same period last yearDown 5 deals
- New engagements23 EngagementsYear on year against the same period last yearUp 1 deal
- Projected fees¥1,623 million
- Number of Employees54 People
- Equity ratio85.6 %Year on year against the same period last yearUp 3.3 percentage points
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Completed Engagements
2 Engagements
Prior-year period7
Average fee per case
FY2026/11 forecast¥41 million
Medium-term management plan targets
30% CAGR over 5 years. Toward the fiscal year ending November 2030, the company aims to expand revenue and operating profit and increase the number of deals closed, the number of consultants, and average fees per transaction.Financial targets
An equity ratio of 85.6% at the end of the first quarter of the fiscal year ending November 2026, up 3.3 percentage points from the end of the previous fiscal year, rather than year on year. Target figures for ROE, ROIC, the D/E ratio and other metrics were Not disclosed.Market Size / Share
There are 2.96 million domestic companies, 1.56 million companies whose presidents are aged 60 or older, and 490,000 companies without a successor. The successor vacancy rate was 50.1% in 2025. The number of M&A transactions completed is approximately several thousand per year.Number of stores and locations
Two locations: the Osaka headquarters and Tokyo office. The number of openings and closures during the period was Not disclosed.Number of employees
54 people as of the end of February 2026
Change during the periodDown 2 people in the first quarter
Hiring planThe company plans to increase headcount by 7 people in the fiscal year ending November 2026. As of now, 8 consultants are scheduled to join in the second quarter.
| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending November 2026 |
| Net Sales | ¥105 million (YoY -56.4%) |
| Operating profit | ¥-116 million |
| Ordinary income | ¥-116 million |
| Net income | ¥-79 million (profit attributable to owners of the parent) |
| Selling, general and administrative expenses | ¥127 million |
| Results for the three months of the current quarter | Revenue of ¥105 million, an operating loss of ¥116 million, an ordinary loss of ¥116 million, and quarterly net loss attributable to owners of the parent of ¥79 million. 2 deals closed and 23 new mandates received. |
| Full-year earnings forecast | Net Sales ¥1,630 million / Operating profit ¥194 million / Ordinary income ¥197 million / Profit attributable to owners of the parent ¥131 million |
| Progress against full-year forecast | Net Sales 6.5% |
| Breakdown of Factors Affecting the Change | Delays in transactions expected to close and a longer period from signing a basic agreement to closing. The number of deals closed decreased by 5, from 7 in the same period of the previous year to 2. |
| Key KPIs | Completed Engagements 2 Engagements, New engagements 23 Engagements, Projected fees ¥1,623 million, Number of Employees 54 People, Equity ratio 85.6 % |
| Unit price and quantity metrics | Completed Engagements 2 Engagements / Average fee per case ¥41 million |
| Number of stores and locations | Two locations: the Osaka headquarters and Tokyo office. The number of openings and closures during the period was Not disclosed. |
| Number of employees | 54 people (as of the end of February 2026) |
| Medium-term management plan targets | 30% CAGR over 5 years. Toward the fiscal year ending November 2030, the company aims to expand revenue and operating profit and increase the number of deals closed, the number of consultants, and average fees per transaction. |
| Financial targets | An equity ratio of 85.6% at the end of the first quarter of the fiscal year ending November 2026, up 3.3 percentage points from the end of the previous fiscal year, rather than year on year. Target figures for ROE, ROIC, the D/E ratio and other metrics were Not disclosed. |
| Market Size / Share | There are 2.96 million domestic companies, 1.56 million companies whose presidents are aged 60 or older, and 490,000 companies without a successor. The successor vacancy rate was 50.1% in 2025. The number of M&A transactions completed is approximately several thousand per year. |
| New initiatives | Further development of an organizational structure by mandate channel and function, Enhancement of the transaction management structure using IT tools, Strengthening proactive recruitment through scouting, recruitment seminars and other initiatives, Fundamental review of the training curriculum, Strengthening the partnership network with financial institutions, professional service firms and others, Promoting alliances with companies such as リンカーズ, Use of AI matching |
Items this document does not state (12)
Gross Profit MarginOperating profit marginSelf-assessment against the planSegment resultsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAnnual DividendPayout ratioAcquisition of treasury sharesCapital 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 main factor was the lengthening of the period from signing a basic agreement to closing, which delayed transactions expected to close. As transactions are expected to close from the second quarter onward, the company has not changed its earnings forecast at this stage.
How to read this page
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