Shikigaku Co., Ltd. · TSE:7049
Shikigaku — Q1 FY2/27 Earnings Presentation
35 slides from Shikigaku's earnings presentation, Jul 10, 2026
Slide 1: FY2/27 Three month ended Result Presentation
FY2/27 Three month ended Result Presentation July 10, 2026 (TSE Growth: 7049 JP)
Slide 2: Agenda
Agenda 1 FY2/27 Forecast 2 FY2/27 1Q Result Presentation 3 About M&A ©2026 SHIKIGAKU CO., LTD. 2
Slide 3: Earnings Forecast Summary
FY2/27 1Q result presentation Earnings Forecast Summary FY2/27 forecast, left TBD at the last full-year results, is now disclosed as the planned M&A deals have been incorporated Revenue: prior year included a ¥1,024M gain on sale of investment securities; deconsolidation of the Sports business follo
Slide 4: FY2/27 Group Management Strategy
FY2/27 1Q result presentation FY2/27 Group Management Strategy Shikigaku Group's strategy for FY2/27 is as follows 1 2 3 Improve profitability Improve group Build the foundation for of the margins through dramatic growth in Organizational deconsolidation of revenue and Fukushima profit through stead
Slide 5: Organizational Consulting: Drivers of Margin Deterioration
FY2/27 1Q result presentation Organizational Consulting: Drivers of Margin Deterioration Upfront investment in peripheral services and web-heavy customer acquisition were the main causes of margin deterioration Upfront investment in services peripheral to consulting & platform failed to 1 monetize a
Slide 6: Initiatives to Improve Profitability This Fiscal Year
FY2/27 1Q result presentation Initiatives to Improve Profitability This Fiscal Year Improving Org Consulting margins via three levers: curbing investment, revamping customer acquisition, and optimizing headcount Curb investment in unprofitable businesses 1 Restrain investment in low-return businesse
Slide 7: Profitability Initiative ②: Rebranding to Strengthen New Customer Acquisition
FY2/27 1Q result presentation Profitability Initiative ②: Rebranding to Strengthen New Customer Acquisition Rebranding under a new logo and tagline, to be rolled out across tools and media in line with the new brand identity. Shikigaku has tended to be seen as a “method of managing people”; this reb
Slide 8: Segment: Sports Entertainment Business
FY2/27 1Q result presentation Segment: Sports Entertainment Business Partially transferred shares of consolidated subsidiary FSE, shifting it to an equity-method affiliate FY2/27: gain on sale of affiliate shares (extraordinary income) expected in consolidated and non-consolidated results (amount un
Slide 9: Current Status of Serial M&A
FY2/27 1Q result presentation Current Status of Serial M&A SPA signed with 3 companies; LOI accepted by 1 company. From next fiscal year, decisions on further M&A deals will be made based on the progress of improvements. SPA signed *1 LOI accepted *2 Additional deal under consideration 3 companies 1
Slide 10: FY2/27 Management Policy
FY2/27 1Q result presentation FY2/27 Management Policy Core business pillar Key Roles and Strategic Positioning Profitability Organizational Cash-generating base & source of proprietary Shikigaku know-how Stable and recurring A stable revenue base supporting the M&A strategy and the continuous Consu
Slide 11: Forecast
FY2/27 1Q result presentation Forecast FY2/26 Revenue OP Record-high revenue from one exit in the Shinsei Shikigaku Fund. Op. profit up sharply ¥6,536 m ¥491 m on fund gains; offset by B.PREMIER fan acquisition costs, investment impairment & M&A expenses YoY +21.8% YoY +48.6% FY2/27 Forecast Revenue
Slide 12: Agenda
Agenda 1 FY2/27 Forecast 2 FY2/27 1Q Result Presentation 3 About M&A ©2026 SHIKIGAKU CO., LTD. 12
Slide 13: Result summary
FY2/27 1Q result presentation Result summary Segment Summary Comment Sales: ¥1,430m (YoY +8.4%) Sales rose +8.4% YoY, but operating profit swung from profit to loss. Consolidated OP: ¥▲85m (¥47m last year) Mainly due to higher M&A-related expenses. Sales: ¥1,101m (YoY ▲1.8%) (Management consulting)
Slide 14: About Internal Group Sales
FY2/27 1Q result presentation About Internal Group Sales Intersegment sales to the Sports Entertainment business (¥75M) pressured Org Consulting's operating profit on a consolidated basis *As FSE was deconsolidated as of Q1, the impact of the internal transactions below is expected to be eliminated
Slide 15: Income Summary
FY2/27 1Q result presentation Income Summary Sales rose +8.4% YoY, but operating profit swung from a profit last year to a loss. FY2/26 FY2/27 YoY (¥m) 1Q 1Q (Mar–May) (Mar–May) (Mar–May) Sales 1,319 1,430 +8.4% CoGS and SG&A 1,272 1,516 +19.2% (within HR and hiring cost) 521 500 ▲4.0% (within adver
Slide 16: Segment
FY2/27 1Q result presentation Segment Core Org Consulting posted lower sales and an operating loss on sluggish new management consulting orders Sports Entertainment cleared the B.PREMIER entry criteria; ticket and sponsor revenue grew on the playoff run Fund business moved toward the monetization ph
Slide 17: Segment (on an elimination basis)
FY2/27 1Q result presentation Segment (on an elimination basis) ¥75M in internal transactions between the core Org Consulting and Sports Entertainment segments; figures below show segment profit after elimination. Higher M&A-related expenses also weighed on Org Consulting profit. FY2/26 FY2/27 YoY (
Slide 18: Sales & OP by Segment
FY2/27 1Q result presentation Sales & OP by Segment FY27/1Q sales: ¥1,430M; OP: ¥▲85M. Org Consulting: lower sales & operating loss on slower new orders. Sports Entertainment: higher sales on the playoff run. Fund: advancing to the monetization phase. Sales & OP by Segment (¥m) ©2026 SHIKIGAKU CO.,
Slide 19: Org Consulting Sales Trend
FY2/27 1Q result presentation Org Consulting Sales Trend FY27/1Q sales: ¥1,101M Both platform service and management consulting remained slow Org Consulting Sales Trend (¥m) ©2026 SHIKIGAKU CO., LTD. 19
Slide 20: Platform Service Client Count
FY2/27 1Q result presentation Platform Service Client Count FY27/1Q client count at 1,057; declined due to sluggish growth in new contracts. Platform Service Client Count (company) ©2026 SHIKIGAKU CO., LTD. 20
Slide 21: Management Consulting Order Value
FY2/27 1Q result presentation Management Consulting Order Value Management consulting order value at ¥607M; large enterprise orders at ¥56M. Management Consulting Order Value (¥m) *Large Enterprise: Companies with 500+ employees or listed companies ©2026 SHIKIGAKU CO., LTD. *SMEs: All others 21
Slide 22: Fund Business: Shikigaku Fund I & II
FY2/27 1Q result presentation Fund Business: Shikigaku Fund I & II Exit phase Out of 25 portfolio companies, 4 achieved IPOs and 2 were exited via M&A. (Collection of investment) Reviewing organizational support structure for portfolio companies preparing for IPOs. Collection ratio Collection + Init
Slide 23: Fund Business: Emerging Startup Fund
FY2/27 1Q result presentation Fund Business: Emerging Startup Fund Seeding phase Joint fund with TKP (TSE GRT: 3479); max ¥750M, Shikigaku share ¥399M. (Seeking investment) Combines TKP's client base/venues with Shikigaku's methods to boost portfolio value. Collection + Collection ratio Emerging Sta
Slide 24: Fund Business: Shinsei Shikigaku Fund
FY2/27 1Q result presentation Fund Business: Shinsei Shikigaku Fund Hands-on support provided to 3 firms. 1 exit recorded, adding ¥1,024M in FY26/2Q sales. (Disclosed Jul 11, 2025: Sale of investment securities by equity-method affiliate Shinsei Shikigaku Fund) Collection + Collection ratio Shinsei
Slide 25: Appendix: KPI (consultant related)
FY2/27 1Q result presentation Appendix: KPI (consultant related) Sales per consultant in FY27/1Q was ¥4.43M, as planned. 2 consultant candidates hired; recruitment ongoing. Sales per head of consultant per month Number of Consultants (¥ｍ) (ppl) ©2026 * Sales per consultant = (Management Consulting s
Slide 26: Shareholder Benefits Program
FY2/27 1Q result presentation Shareholder Benefits Program ■Eligible Shareholders: Shareholders registered in the shareholder registry as of end-Feb. and end-Aug. each year, holding 2 units (200 shares) or more of the Company's stock Item Number of Shares Held Benefit Details ■Benefits Program detai
Slide 27: Agenda
Agenda 1 FY2/27 Forecast 2 FY2/27 1Q Result Presentation 3 About M&A ©2026 SHIKIGAKU CO., LTD. 27
Slide 28: M&A Strategy
FY2/27 1Q result presentation M&A Strategy ~Multi-layered Growth Model Centered on “Shikigaku” Know-how~ The Shikigaku Group aims for sustainable growth by applying our core Org Consulting expertise to M&A strategies, establishing a “self-multiplying cycle” of investment and value-up. VC fund ・Sourc
Slide 29: Long-term holding oriented M&A Policy
FY2/27 1Q result presentation Long-term holding oriented M&A Policy Target: High-tech Japanese manufacturers. Strategy: Implement Shikigaku post-investment to drive organizational excellence. M&A Strategy Targeting Preserving & passing on Continue holding Value up by Shikigaku manufacturing industry
Slide 30: Growth Roadmap: Phased Growth Strategy
FY2/27 1Q result presentation Growth Roadmap: Phased Growth Strategy Phase 1: Channel consulting profits into M&A to build the acquisition platform from scratch. Phase 2: Scale consulting revenue via a high-margin model while M&A becomes the core earnings driver. Vision: Compound growth through “Hig
Slide 31: Future Growth Image: Revenue Trajectory
FY2/27 1Q result presentation Future Growth Image: Revenue Trajectory Revenue is expected to expand sharply from this fiscal year into next, with steady growth thereafter. Profit is expected to turn from this year's loss to profit, expanding steadily on the shift to a high-margin model. Org-Consulti
Slide 32: Acquired Company (1): storyteller Co., Ltd.
FY2/27 1Q result presentation Acquired Company (1): storyteller Co., Ltd. Shikigaku Growth Capital Partners acquired all shares on Jun 12, 2026 (100% of issued shares; second-tier subsidiary) Item Details Head office 2F Storyteller Bldg., 1-8-2 Komaicho, Komae City, Tokyo ・ Operation of handmade acc
Slide 33: Acquired Company (2): Mach Kiki Co., Ltd.
FY2/27 1Q result presentation Acquired Company (2): Mach Kiki Co., Ltd. Shikigaku Growth Capital Partners to acquire all shares on Jul 31, 2026 (planned) (100% of issued shares; second-tier subsidiary) Item Details Head office 2-7-15 Kiba, Koto City, Tokyo Sales, servicing and maintenance of commerc
Slide 34: Acquired Company (3): Nexus Holdings Co., Ltd.
FY2/27 1Q result presentation Acquired Company (3): Nexus Holdings Co., Ltd. Shikigaku Growth Capital Partners to acquire all shares on Aug 4, 2026 (planned) (100% of issued shares; second-tier subsidiary) Item Details Head office 4-36 Namazubashi, Shippo-cho, Ama City, Aichi Management of group com
Slide 35: Disclaimer
Disclaimer Cautionary Note Regarding Forward-Looking Statements Forward-looking statements included in this material are based on judgments and assumptions based on information available at the time this material was created, and we do not guarantee its accuracy. In addition, this document includes