クオンツ総研ホールディングス reported its results for the third quarter of the fiscal year ending September 2026, with the number of deals closed in its core M&A business reaching a record high and consulting revenue expanding to more than three times the year-earlier level. Meanwhile, the share price reacted in May after the company announced a large-scale share buyback. The company is now charting a renewed growth scenario against a backdrop of closer integration between its M&A and consulting businesses.
According to the presentation materials for the third quarter of the fiscal year ending September 2026, the core M&A business recorded its highest-ever number of deals closed in a single quarter, while cumulative revenue from the consulting business expanded to more than three times the year-earlier level. This indicates that the company is pursuing growth simultaneously in both its M&A advisory and consulting businesses.
Alongside the earnings announcement, the company emphasized its focus on M&A closing rates and productivity. This suggests that it is moving beyond its previous image as an “M&A advisory-focused” company and building an organization as a professional services firm, including through the use of AI. At the same time, the company has explained that the specific extent of any recovery in its closing rate remains uncertain, which also warrants attention.
As of the interim results announced on 18 May, a large-scale share buyback was announced alongside the earnings recovery and was viewed as a catalyst. In the current third-quarter results, the company may have been affected by factors including the depreciation burden from aircraft, and some see the share price movement as having been driven by more than earnings alone.
The company’s entry into the leasing business and related expansion have changed the character of its balance sheet, broadening the potential avenues for growth. However, the number of issues requiring review has also increased, including evidence of a recovery in M&A closing rates, the trajectory of losses in the consulting business, improvements in utilization and pricing, the cash flow situation, and the recovery status of leased assets.