Archived IR presentation for the First Quarter of the Fiscal Year Ending September 30, 2025
M&A Capital Partners Inc. posted an archive video of the IR presentation (for the fiscal year ended at September 30th 2025) held on February 6th 2025 as follows.
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■ Click here for details on Q&A (all questions and answers)
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The performance gap between you and your industry peers widened in the first quarter. What is your view of this?The first quarter result was due to the high proportion of large-scale deals we completed, and there was also some impact from the last-minute rush due to the tax increase on the wealthy. Since the tax rate will increase from January 2025, owners under this influence tend to complete the deals by December.I’ve heard from other companies in the same industry that their burden has increased due to compliance with the guidelines; what about MACP?Personal guarantees and deferred payment of transfer considerations, which are particularly important in responding to the guidelines, have already been dealt with quite strictly with our rules, so no new man-hours are increased to comply with them.You have a policy of competing with major investment banks to acquire large-scale, high-quality deals, but how do you divide your residence with them? Does strengthening large-scale projects mean shifting from intermediary to FA?We have handled projects worth hundreds of billions of yen, and although I think this is an area of interest for major investment banks, we are not yet competing. We have handled deals worth hundreds of billions of yen in the past, and we don’t think large-scale projects are only executable by FA.PMI (the integration process after the conclusion of M&A) seems important in order to compete with major investment banks, but what is your future approach to PMI?As for PMI, we lack the knowledge that major funds and buyers are looking for, so we have partnered with Deloitte.The free float ratio is low, but wouldn't it be better if the stock had more liquidity? From the perspective of whether the number of shareholders is large or small, what measures are you considering in the future to improve liquidity?We are conscious that this will affect the selection of TOPIX. We will comprehensively consider liquidity, market capitalization, shareholder composition, and the number of shareholders.Interest rates have risen considerably. How is this influencing the M&A industry?As for interest rates, even though the rate has been raised, they are still limited and have a completely low interest rate from a global perspective. I think the interest rate has little to do with M&A financing. Rather than interest rates, financial institutions' lending attitudes toward M&A financing, such as banks stopping lending during times like the Lehman shock, have a greater impact than interest rates.Do you think the rise in interest rates will support your business since it will accrue higher interest on 40 billion yen in cash?I am grateful for the increase in interest, but I think it is more important to improve performance in the core business and to use cash appropriately.With the stock price Lehmann method, in the case of a stock price that is difficult to obtain, such as a revitalization deal, will it be handled by MACP in the first place? If it is handled, will the fee structure be different from the stock price Lehmann method?The minimum fee at MACP is set at 25 million yen. MIRAI FP (a subsidiary) handles private liquidation and civil revitalization, so in the case of a revitalization, Mirai FP will involve the banking group in the proceeding.Is there a tendency to delay completing the deals due to the revision of self-regulation? There has been a second revision of the Explanation of Important Matters, and I believe it is necessary to prepare and explain in more detail before completing a deal.We have been providing such explanations as usual even before the revision, so our schedule is not delayed.In the first quarter, was there a lot of last-minute breaks? Or did most of the deals progress as planned?There is always a certain number of last-minute breaks and period deviations, but there were not many of them in this first quarter, and I think it was business as usual.
For inquiries regarding this notice, contact
M&A Capital Partners Co., Ltd.
Mail：kanri@ma-cp.com
Corporate Profile
M&A Capital Partners provides M&A brokerage services for small and medium-sized companies.
Ever since the founding of the Company, our concept of “Fair M&A” has been that of a “client-first M&A” that prioritizes the interests of the customer.
Ever since the founding of the Company, our concept of “Fair M&A” has been that of a “client-first M&A” that prioritizes the interests of the customer.
| Company name | M&A Capital Partners Co., Ltd. |
|---|---|
| Established | October 2005 |
| Representative | President Satoru Nakamura |
| Head Office | 36F Yaesu Central Tower, Tokyo Midtown Yaesu 2-2-1 Yaesu, Chuo-ku, Tokyo 104-0028,Japan Phone:03-6770-4300 |
