Results for this period
Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAPThe width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit.
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Japanese equity markets rose on expectations for the growth of AI- and semiconductor-related companies and for corporate earnings, among other factors, and assets under management increased 17.8% from the end of the previous fiscal year. As a result, asset-based fees increased 25.9% year on year and performance fees increased 144.9%. The increase in expenses was mainly due to higher personnel expenses and higher commissions paid in line with the increase in average assets under management of publicly offered investment trusts, while the recording of a gain on the sale of investment securities also contributed to net income.
There are no applicable matters.
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026–30 September 2026 |
| Net Sales | ¥11,811 million (YoY +36.7%) |
| Operating profit | ¥5,827 million (YoY +58.4%) |
| Ordinary income | ¥5,787 million (YoY +58.5%) |
| Profit attributable to owners of the parent | ¥4,958 million (YoY +72.2%) |
| Net income per share | ¥125.36 |
| Equity ratio | End of the current fiscal period 72.3 / End of previous period 68.1 |
| Total assets | ¥58,189 million |
| Net assets | ¥42,099 million |
| Annual Dividend Forecast | 90 Yen → 110 Yen（+22.2%） |
| Breakdown of extraordinary income (loss) | Extraordinary income Item Gain on Sale of Investment Securities / Amount ¥1,567 million, Item Gain on negative goodwill / Amount ¥10 million / Extraordinary loss Item None / Amount Not disclosed |
| Disclosure regarding the going concern assumption | There are no applicable matters. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | 0 additions and 0 exclusions (no company names applicable) |
| Material subsequent events | At a meeting of the Board of Directors held on 30 October 2026, the company resolved to acquire up to 185,000 treasury shares through market purchases from 2 November to 30 December 2026, subject to a maximum total acquisition price of ¥500 million, and to cancel all acquired shares on 31 December 2026. The reasons are to enhance shareholder returns, improve capital efficiency and implement agile capital policies. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (subject: Not disclosed; video streamed on the company website) |
| Issued Shares at Period-End | 41,507,780 |
| Treasury Shares at Period-End | 1,948,802 |
| Factors Behind Changes in Business Performance | Japanese equity markets rose on expectations for the growth of AI- and semiconductor-related companies and for corporate earnings, among other factors, and assets under management increased 17.8% from the end of the previous fiscal year. As a result, asset-based fees increased 25.9% year on year and performance fees increased 144.9%. The increase in expenses was mainly due to higher personnel expenses and higher commissions paid in line with the increase in average assets under management of publicly offered investment trusts, while the recording of a gain on the sale of investment securities also contributed to net income. |
Items this document does not state (15)
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.Against a backdrop of rising Japanese equity markets, assets under management increased 17.8% from the end of the previous fiscal year, while asset-based fees increased 25.9% year on year and performance fees increased 144.9%. Operating expenses and general and administrative expenses increased 20.6%, mainly due to higher personnel expenses and higher commissions paid in line with the increase in average assets under management of publicly offered investment trusts. Interim net income attributable to owners of the parent increased, partly because the company recorded a gain of ¥1,567 million on the sale of investment securities.