Financial Results and Future Measures
First Nine Months of the Fiscal Year Ending September 30, 2021
(Cumulative Q3 FY09/21)
Strike Co., Ltd.
(First Section, Tokyo Stock Exchange: 6196)
June 30, 2021
Copyright© Strike Co., Ltd. All Rights Reserved.
Contents
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Operating Performance in Cumulative Q3 FY09/21 ... P. 3
Net sales rose 12.4% YoY to ¥5,597 million as we steadily closed deals on large M&A projects. Meanwhile, ordinary profit declined 4.3% YoY to ¥2,038 million due primarily to workforce expansion.
Forecast for FY09/21* ... P. 8
We project net sales of ¥8,368 million and ordinary profit of ¥3,083 million. *FY09/21 is a 13-monthaccounting period due to a change in fiscal year-end.
Market Trends ... P. 19
We expect expansion in the M&A market, mainly in the category of business succession.
Medium- to Long-Term Management Policy ... P. 24
In addition to expanding M&A associated with business succession, we aim to fulfill rising needs associated with other types of M&A. Over the long term, we strive to become the M&A broker with the highest number of deals closed.
Company Overview ... P. 27
We are a group of professionals, chiefly certified public accountants, with "Realizing people's aspirations through M&A" as our corporate credo.
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Operating Performance in Cumulative Q3 FY09/21
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Cumulative Q3 FY09/21 Operating Performance
In cumulative Q3 FY09/21, we closed 99 deals (+2 deals YoY). Net sales rose to a record high of ¥5,597 million (+12.4% YoY) for the period due in part to a rise in sales generated per deal closed. Ordinary profit dropped to ¥2,038 million (-4.3% YoY) due primarily to increases in personnel expenses, operating expenses, and temporary expenditures associated with the relocation of our headquarters.
Net Sales and Number of Deals Closed
Millions of yen | Net sales (left) | Deals | ||
Number of deals closed (right) | ||||
7,000 | 110 | |||
97 | 99 | |||
100 | ||||
6,000 | 90 | |||
5,000 | 68 | 5,597 | 80 | |
4,979 | 70 | |||
4,000 | 60 | |||
3,000 | 3,413 | 50 | ||
40 | ||||
2,000 | 30 | |||
1,000 | 20 | |||
10 | ||||
0 | 0 | |||
Cumulative Q3 | Cumulative Q3 | Cumulative Q3 | ||
FY08/19 | FY08/20 | FY09/21 |
Ordinary Profit
Millions of yen
3,500 | |||
3,000 | |||
2,500 | |||
2,000 | 2,130 | 2,038 | |
1,500 | |||
1,000 | 1,200 | ||
500 | |||
0 | |||
Cumulative Q3 | Cumulative Q3 | Cumulative Q3 | |
FY08/19 | FY08/20 | FY09/21 |
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Year-on-Year Comparison
Cost of sales rose 21.9% YoY to ¥2,073 million, and the cost-to-sales ratio increased as personnel expenses grew. SG&A expenses expanded 29.8% YoY to ¥1,489 million due to increases in advertising expenses and rent expenses on land and buildings, as well as recruiting expenses* (impact of +¥46 million on SG&A expenses), depreciation* and amortization of leasehold deposits* (+¥41 million), and temporary expenses associated with the relocation of our headquarters* (approximately +¥30 million).
*Denotes items included under "Other" | |||||
Millions of yen | |||||
Cumulative Q3 FY08/20 | Cumulative Q3 FY09/21 | ||||
% of net | % of net | YoY | |||
sales | sales | ||||
Net sales | 4,979 | 100.0% | 5,597 | 100.0% | +12.4% |
Cost of sales | 1,701 | 34.2% | 2,073 | 37.0% | +21.9% |
Gross profit | 3,277 | 65.8% | 3,524 | 63.0% | +7.5% |
SG&A expenses | 1,147 | 23.1% | 1,489 | 26.6% | +29.8% |
Operating profit | 2,130 | 42.8% | 2,035 | 36.4% | -4.5% |
Non-operating income | 0 | 0.0% | 3 | 0.1% | +853.7% |
Ordinary profit | 2,130 | 42.8% | 2,038 | 36.4% | -4.3% |
Extraordinary income | 225 | 4.5% | - | - | - |
Extraordinary losses | 36 | 0.7% | - | - | - |
Profit before income taxes | 2,319 | 46.6% | 2,038 | 36.4% | -12.1% |
Income taxes | 753 | 15.1% | 666 | 11.9% | -11.5% |
Profit | 1,565 | 31.4% | 1,371 | 24.5% | -12.4% |
Breakdown of cost of sales
2,000 | 1,701 | 2,073 | |||
1,500 | |||||
1,374 | Personnel expenses | ||||
1,000 | 1,096 | ||||
Introduction fees | |||||
500 | Other | ||||
494 | 575 | ||||
0 | 110 | 122 | |||
Cumulative Q3 Cumulative Q3
FY08/20 FY09/21
Breakdown of SG&A expenses
1,500 | 1,147 | 1,489 | |||
Personnel expenses | |||||
630 | |||||
1,000 | Advertising expenses | ||||
587 | 105 | ||||
500 | 59 | 182 | Rent expenses on land | ||
and buildings | |||||
140 | 570 | ||||
359 | Other | |||
0 | ||||
Cumulative Q3 Cumulative Q3
FY08/20 FY09/21
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Strike Co. Ltd. published this content on 13 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 July 2021 03:02:03 UTC.