Nihon M&A Center (2127) investor relations material

Executive summary

• Achieved record sales and ordinary profit in the fiscal year ended March 2026, marking a full recovery after an accounting incident in FY 2022.

• Q1 FY2027 marked the first quarter under the new Vision 300 Next Genesis strategy, with satisfactory results driven by solid sales/profit growth, strong fund business gains, and robust leading indicators.

• Q1 FY2026 sales rose 0.9% year-over-year to ¥9,104 million, with ordinary profit down 11.1% to ¥2,252 million due to fewer transactions closed and deal postponements, but higher M&A sales per transaction offset declines.

• Extraordinary gain of approximately ¥800 million was recorded from the sale of an investment by AtoG Capital.

• Net sales for the three months ended June 30, 2026, were ¥9,104 million, up 0.9% year-over-year.

Financial highlights

• Q1 sales were JPY 9.1 billion, up 0.9% year-over-year; 188 transactions closed, down 11.3%.

• Ordinary profit was JPY 2.252 billion, down 11.1% year-over-year; pre-tax profit was JPY 3.156 billion, up 24.6% year-over-year, boosted by a JPY 780 million gain from the fund business.

• Net profit: ¥2,206 million (+46.5% YoY); Profit attributable to parent: ¥2,027 million (+33.8% YoY).

• Interim fees received in Q1 were JPY 1.358 billion, up 17% YoY.

• Personnel costs for M&A consultants rose 6.5% YoY to JPY 2.2 billion; IT and advertising expenses increased 22.5% and 62.5% YoY, respectively.

Outlook and guidance

• Strong pipeline and record-high transactions under negotiation (up 17% YoY) expected to drive solid results in Q2 and Q3.

• New sell-side mandates at record levels, up 20.1% YoY, with mid-cap mandates up 31%.

• FY2026 full-year sales forecast: ¥52,800 million (+5.1% YoY); operating profit: ¥19,300 million (+2.9% YoY).

• Vision 300 Next Genesis aims for JPY 30 billion ordinary profit by FY2032, with growth from domestic, fund, and overseas businesses.

• Dividend per share forecast maintained at ¥29, with a payout ratio above 60%.