Quants Research Institute Holdings Inc (9552) Q4 2026 earnings summary

Executive summary

• FY26/9 revenue rose 35.5% YoY to ¥22,492.8m; operating profit increased 38.3% to ¥6,608.9m and parent profit rose 50.4% to ¥4,132.1m.

• M&A brokerage remained the main earnings contributor, closing 239 deals; consulting expanded rapidly, while investment continued in operating leases.

• FY27/9 guidance forecasts revenue growth of 14.9% to ¥25,850m and operating profit growth of 9.7% to ¥7,250m.

Financial highlights

• FY26/9 revenue was 100.9% of forecast; operating profit reached 114.4% and profit reached 121.4%.

• Q4 revenue was ¥6,565m, operating profit ¥2,161m and quarterly profit ¥1,486m.

• Gross profit was ¥12,667.6m; profit before tax was ¥6,577.1m and comprehensive income was ¥4,165.2m.

• Operating cash flow was ¥7,723.9m; investing cash outflow was ¥5,500.8m, primarily from ¥5,397.1m of property, plant and equipment purchases.

Outlook and guidance

• FY27/9 forecast: revenue ¥25,850m (+14.9%), operating profit ¥7,250m (+9.7%), parent profit ¥4,473m (+8.2%) and EPS ¥87.99 (+12.7%).

• M&A brokerage targets revenue of ¥18,500m (+1.8%) and operating profit of ¥7,400m (-5.4%); guidance assumes normalized earnings without FY26/9 temporary profit drivers.

• Consulting targets revenue of ¥6,600m (+73.4%), year-end headcount of 430–470, 80–85% utilization and an operating loss of ¥200m.

• Incubation targets revenue of ¥750m and operating profit of ¥50m; pre-tax loss of ¥100m is expected as borrowing interest accompanies advance product structuring.

• Priorities include AI matching and DX for M&A deal closures, cross-border sourcing via Singapore, and investment in consulting and operating leases.