Earnings quality
Compare earnings and operating cash flow for earnings quality.
Nihon M&A Center Holdings Inc.
Ticker 2127 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-22 · Period end 2026-03-31
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 37.3%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin37.3%
Equity ratio—
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
株式会社日本Ｍ＆Ａセンターホールディングス is a Japanese listed company with financial statements filed on EDINET. A detailed English business summary was not auto-extracted from this filing.
Compare trends
Tel 03-5220-5451 · As of filing date 2026-06-22
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | ¥44.1B | ¥50.3B |
| Cost of sales* | ¥17.4B | ¥20.0B |
| Gross profit | ¥26.7B | ¥30.3B |
| Operating profit (loss) | ¥16.7B | ¥18.8B |
| Finance income | — | — |
| Finance costs | — | — |
| Income tax expense | ¥6.0B | ¥6.7B |
| Profit (loss) | ¥11.0B | ¥12.5B |
| Profit (loss) attributable to owners | ¥11.0B | ¥12.5B |
| Basic EPS (¥) | — | — |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥38.7B | ¥39.4B |
| Current assets | ¥42.6B | ¥43.8B |
| Non-current assets | ¥19.2B | ¥22.5B |
| Total assets | ¥61.8B | ¥66.2B |
| Short-term borrowings | — | — |
| Current liabilities | ¥9.9B | ¥13.1B |
| Non-current liabilities* | ¥4.3B | ¥2.4B |
| Total liabilities | ¥14.2B | ¥15.6B |
| Equity attributable to owners | — | — |
| Total equity | — | — |
Cash flow statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash flows from operating activities | ¥13.1B | ¥15.6B |
| Cash flows from investing activities | — | — |
| Cash flows from financing activities | -¥8.8B | -¥10.6B |
| Net increase (decrease) in cash | ¥16.4B | ¥725.0M |
| Cash at end of period | ¥38.7B | ¥39.4B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | ¥40.4B | ¥41.3B | ¥44.1B | ¥44.1B | ¥50.3B | |
| Operating profit | ¥16.9B | ¥15.5B | ¥16.5B | ¥16.9B | ¥19.2B | |
| Profit to owners | — | — | — | ¥11.0B | ¥12.5B | |
| Total assets | ¥58.9B | ¥65.8B | ¥58.6B | ¥61.8B | ¥66.2B | |
| Cash & equivalents | — | — | ¥22.3B | ¥38.7B | ¥39.4B | |
| Owners’ equity | ¥51.0B | ¥54.7B | ¥44.0B | ¥47.6B | ¥50.6B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from ¥44.1B to ¥50.3B (▲ +14.0%), so the top line did not break. Gross profit only slipped from ¥26.7B to ¥30.3B, while operating profit swung from ¥16.7B to ¥18.8B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥15.6B (prior ¥13.1B), and cash on the balance sheet rose to ¥39.4B from ¥38.7B. When profits collapse but operating cash stays positive, read the notes for impairments and other non-cash charges before assuming the business stopped generating cash.
The balance sheet got heavier on leverage. Total liabilities rose to ¥15.6B while owners’ equity fell to —. ROE moved from 24.1% to 25.7%, and the equity ratio from 76.4% to 75.8%. Employee count is 1,062 vs 1,086 a year earlier.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Owners’ equity ratio fell from 76.4% to 75.8%; the balance sheet absorbed a heavy loss year.
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Source: EDINET S100YGWF
(株式会社日本Ｍ＆Ａセンターホールディングス), period end 2026-03-31.