Q3 Consolidated Financial Results for the 2026 Fiscal Year (Japan GAAP) as of October 2026

Overview of Performance

For the third quarter cumulative period, revenue was 1,264,115 thousand yen (YoY △8.5%), with a decline in Solutions contributing to the result. Operating income turned positive at 33,580 thousand yen; ordinary income was 36,692 thousand yen; net income attributable to owners of the parent was 25,976 thousand yen. By segment, Solutions saw declines in both revenue and profit, Analytics is in recovery but not yet profitable, and M&A advisory incurred higher advertising and personnel costs but secured one contract. Full-year guidance maintained.

Segmental状況 and Financial Position

Solutions revenue was 510,950 thousand yen with segment profit of 72,101 thousand yen. Analytics revenue was 739,732 thousand yen with a segment loss of 15,176 thousand yen. M&A advisory revenue was 28,659 thousand yen with a segment loss of 23,344 thousand yen. Total assets 1,401,850 thousand yen; net assets 1,086,531 thousand yen; equity ratio 77.5%. Treasury stock of 350,485 thousand yen (acquired in March 2025) remained at year-end.