Quants Research Institute Holdings Inc (9552) investor relations material

Executive summary

• Consolidated net sales for FY2026/9 Q2 reached ¥10,296 million, up 34.5% year-over-year, with operating profit rising 26.6% to ¥3,023 million and profit attributable to owners up 27.9% to ¥1,905 million; EPS increased 38.4% to ¥35.25.

• Strong M&A brokerage activity (110 deals closed), consulting expansion (headcount up to 199), and launch of the operating lease business contributed to growth.

• Transitioned to a holding company structure, established new subsidiaries in consulting and leasing, and invested in new ventures for sustainable growth.

Financial highlights

• M&A Brokerage net sales grew 20.1% YoY to ¥8,523 million, driven by large deal closures.

• Consulting Business net sales surged 194.2% YoY to ¥1,658 million, with consultant headcount reaching 199.

• Incubation/Operating Lease segment net sales were ¥114–115 million, with business operations commencing after license acquisition and aircraft leasing launch.

• Gross profit increased to ¥6,029 million from ¥4,747 million YoY.

• Operating margin decreased slightly YoY to 29.4% from 31.2%.

Outlook and guidance

• Full-year net sales/revenue forecast revised to ¥22,292 million (+34.3% YoY), with operating profit/profit before tax expected at ¥5,778 million (+20.9% YoY).

• M&A Brokerage net sales forecast at ¥18,000 million (+18.8% YoY); Consulting at ¥3,800 million (+161.8% YoY); Incubation/Operating Lease at ¥492 million.

• EPS forecast revised to ¥62.99 (+31.3% YoY).

• Consulting headcount expected to reach 300 by year-end; utilization rate to remain around 90%.