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M&A Research Institute Holdings (9552) investor relations material
M&A Research Institute Holdings Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary30 Oct, 2025
Executive summary
FY2025/9 net sales rose 0.3% year-over-year to ¥16,602 million, driven by consulting business growth despite sluggish M&A brokerage performance.
Operating profit declined 41.0% year-over-year to ¥4,964 million due to limited sales growth and upfront investments in consulting and incubation.
Net income fell 50.0% year-over-year to ¥2,894 million.
The company is transitioning from an M&A brokerage-centric model to a multi-business structure, focusing on medium- to long-term growth.
The consulting business became a new reportable segment due to its operational significance.
Financial highlights
Net sales: ¥16,602 million (+0.3% YoY); operating profit: ¥4,964 million (-41.0% YoY); profit: ¥2,894 million (-50.0% YoY).
Gross profit margin fell to 61.0% from 72.6% the previous year.
Operating margin dropped to 29.9% from 50.8% year-over-year.
Net assets decreased to ¥5,320 million from ¥9,019 million, mainly due to treasury share purchases and cancellations.
Cash and cash equivalents at year-end were ¥4,219 million, down from ¥10,175 million the previous year.
Outlook and guidance
FY2026/9 forecast: net sales ¥22,184 million (+33.6% YoY), operating profit ¥5,993 million (+20.7% YoY), profit ¥3,533 million (+22.1% YoY).
Consulting business net sales expected to grow 161.8% to ¥3,800 million; number of consultants to reach 300.
M&A brokerage net sales forecasted at ¥18,000 million (+18.8% YoY), with 400–450 advisors and ~300 closed deals.
Incubation segment net sales projected at ¥384 million, with a shift in business focus after withdrawal from asset management consulting.
The company will adopt IFRS for consolidated financial statements starting FY2025 annual report.
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Next M&A Research Institute Holdings earnings date
Q1 202629 Jan, 2026
Next M&A Research Institute Holdings earnings date
Q1 202629 Jan, 2026
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Frequently asked questions
M&A Research Institute Holdings Inc., listed with the ticker 9552 on the Tokyo Stock Exchange, is primarily engaged in the provision of merger and acquisition brokerage services and web marketing support services in Japan. The company operates through two main segments: the M&A Intermediary segment, which focuses on offering M&A intermediary services utilizing artificial intelligence matching algorithms, and the Others segment, dedicated to providing web marketing support services. These services leverage the company's expertise in attracting web customers through its M&A intermediary operations. The company is headquartered in Tokyo, Japan, and its shares are listed on the Tokyo Stock Exchange.
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