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Nihon M&A Center, First Half Ordinary Profit Increases by 43%, Jul-Sep Ordinary Profit Increases by 36%
2127 Nihon M&A Center Holdings Inc. 【J-GAAP】
Earnings ReportNihon M&A Center Holdings Inc. <2127> [TSE Prime] announced its financial results after the market closed on October 30th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 8.57 billion yen, an increase 43.1% compared to the same period last year. Progress toward the full-year plan of 17.0 billion yen was 50.4%, almost the same as the five-year average of 50.7%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 22.9% from the same period last year to 8.42 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 35.9% from the same period last year, reaching 6.03 billion yen. The operating profit margin rose from 39.5% in the same period last year to 43.4%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 19,171 | 6,104 | 6,109 | 3,703 | 11.4 | 37.0 | Oct 27, 2023 | J-GAAP |
| Apr - Sep, 2024 | 18,591 | 5,924 | 5,990 | 3,739 | 11.8 | 35.4 | Oct 30, 2024 | J-GAAP |
| Apr - Sep, 2025 | 22,587 | 8,399 | 8,571 | 5,410 | 17.1 | 50.4 | Oct 30, 2025 | J-GAAP |
| YoY | +21.5% | +41.8% | +43.1% | +44.7% | +44.6% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 Guidance | 22,500 | 8,300 | 8,300 | 5,000 | 15.8 | 14 | Oct 23, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 22,587 | 8,399 | 8,571 | 5,410 | 17.1 | 14 | Oct 30, 2025 | J-GAAP |
| Revision Rate | +0.4% | +1.2% | +3.3% | +8.2% | +8.2% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 25,486 | 10,791 | 10,928 | 7,216 | 22.8 | 15 | Apr 30, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 23,713 | 8,601 | 8,429 | 5,590 | 17.6 | 15 | Oct 30, 2025 | J-GAAP |
| YoY | -7.0% | -20.3% | -22.9% | -22.5% | -22.6% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 44,136 | 16,066 | 16,518 | 10,727 | 33.0 | 23 | Apr 30, 2024 | J-GAAP |
| Mar, 2025 | 44,077 | 16,715 | 16,918 | 10,955 | 34.5 | 29 | Apr 30, 2025 | J-GAAP |
| Mar, 2026 Guidance | 46,300 | 17,000 | 17,000 | 11,000 | 34.7 | 29 | Apr 30, 2025 | J-GAAP |
| YoY | +5.0% | +1.7% | +0.5% | +0.4% | +0.3% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 10,953 | 4,321 | 4,444 | 2,870 | 9.1 | 39.5 | Oct 30, 2024 | J-GAAP |
| Oct - Dec, 2024 | 11,252 | 4,628 | 4,722 | 3,071 | 9.7 | 41.1 | Jan 30, 2025 | J-GAAP |
| Jan - Mar, 2025 | 14,234 | 6,163 | 6,206 | 4,145 | 13.1 | 43.3 | Apr 30, 2025 | J-GAAP |
| Apr - Jun, 2025 | 9,018 | 2,509 | 2,533 | 1,515 | 4.8 | 27.8 | Jul 30, 2025 | J-GAAP |
| Jul - Sep, 2025 | 13,569 | 5,890 | 6,038 | 3,895 | 12.3 | 43.4 | Oct 30, 2025 | J-GAAP |
| YoY | +23.9% | +36.3% | +35.9% | +35.7% | +35.7% |
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