Japan M&A (2127) fell drastically. Financial results for the fiscal year ended March 24 were announced the day before, and operating profit was 16.1 billion yen, up 5.0% from the previous fiscal year, falling below the previous forecast of 17 billion yen. The fiscal year ending 25/3 is expected to be 17 billion yen, up 5.8% from the same period. It seems that they anticipate a temporary decline in profit margins by actively promoting direct marketing for seminars and DMs, etc., and actively hiring consultants. There is also a sense of high value in terms of valuation, and the short-term slowdown in earnings is viewed negatively.