M&A Research Institute Holdings (TYO:9552) reported a 51% decrease in profit attributable to owners of the parent to 1.57 billion yen for the first half of fiscal 2025, from 3.17 billion yen a year earlier.

The M&A and business succession brokerage firm's earnings per share (EPS) fell to 24.92 yen from 49.49 yen a year ago, according to a bourse filing on April 30.

Net sales declined 10% to 7.66 billion yen in the fiscal six months ended March 31, from 8.53 billion yen a year earlier.

In a separate filing, the company revised its fiscal 2025 forecast after the M&A brokerage business faced sluggish performance due to an increase in deal cancellations and fewer completed transactions than expected. Productivity measures have yet to yield sufficient results, necessitating a revision of the financial forecast.

For the full fiscal 2025, the company expects attributable profit to decrease 32% to 3.96 billion yen or 67.45 yen per share, while net sales are expected to increase 8.5% to nearly 18 billion yen.

The company does not expect to pay any interim and year-end dividends for the current fiscal year.

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