In the first quarter of the fiscal year ending March 2027, net sales rose 0.9% year on year to ¥9.1 billion, while operating profit declined to ¥2.3 billion due to higher selling, general and administrative expenses. Meanwhile, quarterly net profit attributable to owners of the parent rose significantly to ¥2.0 billion, driven by a gain on the sale of the fund business.
Net sales in the first quarter of the fiscal year ending March 2027 were ¥9.1 billion, up 0.9% year on year and broadly flat. Operating profit declined 6.4% to ¥2.3 billion and ordinary profit fell 11.1% to ¥2.3 billion due to higher selling, general and administrative expenses, but the company recorded approximately ¥900 million in extraordinary gains, including a gain on the sale of the fund business. As a result, quarterly net profit attributable to owners of the parent rose 33.8% to ¥2.0 billion. The number of engagements received declined, while the number of new sell-side mandates expanded.
For the fiscal year ending March 2027, total assets on the balance sheet declined 17.8% from the previous fiscal year-end to ¥54.4 billion, while liabilities contracted 56.9% to ¥6.7 billion. The equity ratio improved from 75.8% to 87.3%. Cash flow information has not been disclosed for the first-quarter cumulative consolidated period.
The full-year outlook remains net sales of ¥52.8 billion, up 5.1% year on year, operating profit of ¥19.3 billion, up 2.9%, ordinary profit of ¥19.3 billion, up 0.8%, and net profit attributable to owners of the parent of ¥13.4 billion, up 7.3%. For the first half, net sales of ¥23.9 billion, up 5.8%, and net profit of ¥6.2 billion, up 14.6%, are expected, with no changes to the outlook.
The dividend for the fiscal year is projected at ¥29 per share, comprising ¥14 at the end of the second quarter and ¥15 at fiscal year-end, including a special dividend of ¥4.