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Strike Company plunges to new year-to-date low after lower-than-expected interim operating profit
Strike Group Co., Ltd. <6196> fell sharply for the first time in three days, hitting a new year-to-date low. After the close of trading on the 23rd, the company announced that its standalone earnings forecast for the second quarter cumulative period (October 2025 to March 2026) of the fiscal year ending September 2026 came in below expectations, with sales at 9,737,000,000 yen (up 8.8% year-on-year) versus the previous forecast of 11,560,000,000 yen, and operating profit at 2,699,000,000 yen (up 10.7% year-on-year) versus 3,753,000,000 yen, prompting selling on the news.
Strike Company is engaged in M&A advisory services for small and medium-sized enterprises. Due to an increasing ratio of deals involving listed companies as buyers and client requests, the period from final contract to deal execution has tended to lengthen, resulting in the number of deals closed in the interim period falling short of plan. The company has withdrawn its full-year standalone earnings forecast as it will transition to consolidated financial statements from the third quarter, and will announce its consolidated earnings forecast on April 30, the date of its earnings release.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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