Quants Research Institute Holdings Inc (9552) investor relations material

Executive summary

• Consolidated net sales for FY2026/9 Q3 reached ¥15,927 million, up 37.3% year-over-year, with operating profit at ¥4,447 million (+42.0% YoY) and profit at ¥2,645 million (+45.5% YoY).

• M&A Brokerage and Consulting segments drove growth, with Consulting net sales surging 211.1% YoY and M&A Brokerage up 20.3% YoY.

• The group maintained strong M&A brokerage activity, expanded consulting operations, and launched an operating lease business, reflecting a diversified growth strategy.

• The company transitioned to a holding structure, established new subsidiaries, and invested in new business domains to drive sustainable growth.

• Productivity initiatives, stricter deal acceptance, and AI adoption contributed to improved margins and efficiency.

Financial highlights

• Operating margin improved to 27.9% in Q3, up 0.9pt YoY.

• Earnings per share rose 57.6% YoY to ¥49.28.

• M&A Brokerage closed a record 67 deals in Q3, with average deal size at ¥65 million, above prior-year levels.

• Consulting business net sales reached ¥2,707 million, with consultant headcount at 274.

• Total assets grew to ¥12,777 million from ¥8,123 million at the previous fiscal year-end.

Outlook and guidance

• FY2026/9 full-year net sales forecast at ¥22,292 million (+34.3% YoY), operating profit at ¥5,778 million (+20.9% YoY), and EPS at ¥64.33 (+34.1% YoY).

• M&A Brokerage operating profit forecast revised upward to ¥6,949 million, reflecting deal progress and cost control.

• Consulting business operating profit forecast revised downward due to higher hiring and advertising expenses.

• Incubation/Operating Lease segment expects first deal to be fully sold within the fiscal year.

• No changes have been made to the previously announced earnings forecast.