Strike Company , Limited
6196・Prime Market・Services
Business
Strike Co., Ltd. was established in 1997 as a specialized M&A intermediary firm led by certified public accountants and tax accountants. Under its mission of "Creating comrades who will change the world," the company supports three types of M&A: business succession-type, growth strategy-type, and innovation-type. In addition to its head office in Tokyo, it operates eight offices nationwide (Sapporo, Sendai, Nagoya, Kyoto, Osaka, Takamatsu, Hiroshima, and Fukuoka), covering M&A transactions for a diverse range of small and mid-sized enterprises without bias toward any particular industry or region. The company was a pioneer in launching Japan's first internet-based M&A matching site, "M&A Market SMART," in 1999, and is listed on the Prime Market of the Tokyo Stock Exchange. In addition to M&A Intermediary Services, it also provides Financial Advisory (FA) Services, due diligence, business valuation, and strategic consulting.
Business Model
The company enters into an "M&A Intermediary Services Agreement" with both prospective sellers and prospective acquirers, receiving a basic agreement fee at the time of the basic agreement and a success fee from both parties upon execution of the final transfer agreement and completion of closing. Revenue is generated through direct sales and proposal-based sales by M&A consultants, as well as deal referrals via a nationwide network of 23 organizations—including tax accountant cooperatives—with over 66,000 members, and through business alliances with financial institutions. The average fee per deal has been trending upward, reaching ¥74 million in FY2025 (ending September 2025), up from ¥72 million in the previous fiscal year.
Company Strengths
Launched Japan's first internet-based M&A matching site, "M&A Market SMART", in 1999. It enables the search for acquisition candidates across regional and industry boundaries, and the company has operated this proprietary infrastructure for approximately 25 years, efficiently matching numerous candidates while ensuring anonymity.
Business alliances with tax accountant cooperative associations and others have expanded to 23 organizations nationwide with over 66,000 members (the Awaji Tax Accountants' Cooperative Association was added in FY2025 (ending September 2025)). Together with partnerships with financial institutions, the company has built a nationwide network of indirect deal referral channels, contributing to enhanced sourcing capability.
Revenue expanded 2.25-fold over four fiscal periods, from ¥9,034 million in FY2021 (ending September 2021) to ¥20,314 million in FY2025 (ending September 2025), marking a new record high. The operating margin for FY2025 (ending September 2025) remained high at 31.2%, maintaining strong profitability even amid a phase of increased expenses due to upfront investment.
ENVALITH's Perspective
Performance Trend
Net sales over the past five fiscal years continued an expansion trend, rising from ¥9,034 million in FY2021 to ¥18,138 million in FY2024, but in FY2025, net sales came to ¥20,314 million (up 12.0% year on year) while operating income declined to ¥6,332 million (down 6.5% year on year), marking the first year-on-year decline. In H1 FY2026 (ending September 2026), the company returned to growth in both revenue and profit, with net sales of ¥9,737 million (up 8.8% year on year), operating income of ¥2,699 million (up 10.7% year on year), and interim net income of ¥1,850 million (up 6.4% year on year). While improved per-deal unit prices drove revenue, the cost-front-loaded structure persisted, with cost of sales growth (up 12.2%) outpacing net sales growth due to rising personnel expenses. As for the external environment, the increasing proportion of third-party succession among SMEs lacking successors and the growing adoption of growth-strategy-driven M&A are supporting market expansion.
Growth Strategy
Expand FA Services and adjacent business areas under the holding company structure to become a comprehensive M&A consulting company
Advancing the deployment of consultants hired in prior fiscal years and strengthening organizational sales activities through a team-based structure. Promoting the establishment of a system for providing high-quality services on a sustainable and stable basis. Results are evident in new engagements of 636 cases (up 18.9% year-on-year for the same interim period).
Focusing on winning deals for Financial Advisory (FA) Services, M&A Strategic Consulting Services, and other offerings. In addition to the existing intermediary business, expansion into adjacent areas aims to diversify revenue sources and increase per-deal unit prices.
Completed the transition to a holding company structure effective April 1, 2026. The holding company will be responsible for group-wide management strategy, M&A strategy, and strengthened governance, while the operating company focuses on growing the existing business and expanding into new business areas. Transitioned to consolidated accounting from the third quarter of FY2026 (ending September 2026).
Activating personnel exchanges with partner financial institutions and accounting firms to strengthen the M&A support framework through collaboration. Aiming to deepen deal referrals and joint support by leveraging a nationwide network of 23 organizations and over 66,000 members.
Lowering the investment unit through a 1-for-3 stock split effective April 1, 2026, aiming to expand the investor base. The year-end dividend forecast is ¥65 (post-split basis), representing an increase (equivalent to ¥195 pre-split, compared to ¥180 in the previous fiscal year).
Last updated: July 17, 2026