Nihon M&A Center (2127) investor relations material

Executive summary

• Celebrated 35th anniversary and marked recovery from FY 2021 accounting incident, entering a new growth phase called Next GENESIS and launching Vision 300 targeting ¥30bn ordinary profit by FY2032.

• Achieved double-digit growth in sales and profit for FY2025, with sales at ¥50,257 million (+14.0% YoY) and ordinary profit at ¥19,154 million (+13.2% YoY), surpassing mid-term targets a year early.

• Regained original performance cycle, achieving 80% of annual targets by Q3 and strong momentum for FY2026.

• Introduced a trust-type stock compensation plan to align management and employee interests with shareholders, pending approval.

• Equity-method affiliate Batonz Co., Ltd. listed on TSE Growth Market in April 2026.

Financial highlights

• FY2025 sales: ¥50,257 million (+14.0% YoY); ordinary profit: ¥19,154 million (+13.2% YoY); net profit: ¥12,515 million (+14.1% YoY); operating profit: ¥18,761 million (+12.2% YoY).

• Number of transactions closed: 1,061 (down 1.6% YoY); M&A sales per transaction: ¥45.7 million (+15.4% YoY); large transactions (fees >¥100mn): 115 (+45.6% YoY).

• Cost of sales: ¥19.9 billion (+15% YoY); SG&A: ¥11.5 billion (+15% YoY).

• Net assets/shareholder equity: ¥50,643 million as of March 2026; total assets: ¥66,223 million.

• Cash and cash equivalents at period end: ¥39,440 million.

Outlook and guidance

• FY2026/FY2027 guidance: sales ¥52,800 million (+5.1% YoY), ordinary profit ¥19,300 million (+0.8% YoY), net profit ¥13,400 million (+7.3% YoY).

• Vision 300 aims for ordinary profit of ¥30 billion by FY2032, with business domain expansion in funds, overseas, and PMI.

• Dividend per share to remain at ¥29, with a payout ratio above 60% and special dividend components.