Strike Co. (TYO:6196) has cut the forecast for its first half of fiscal year ending Sept. 30 after M&A deal delays and new operational hurdles, according to its Wednesday bourse filing.

The M&A advisory firm said given that sales of over 100 million yen will only be realised in Q3, its sales estimates for H1 were reduced to 8.95 billion yen from 10.6 billion yen.

Profit was lowered to 1.74 billion yen from 2.58 billion yen initially.

The company maintains its full-year outlook, anticipating deferred deals will close in Q3 with new contracts exceeding targets.

Strike Co.'s shares shed nearly 4% at market close.

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