<SEC-DOCUMENT>0000000000-23-001355.txt : 20230329
<SEC-HEADER>0000000000-23-001355.hdr.sgml : 20230329
<ACCEPTANCE-DATETIME>20230209113007
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000000000-23-001355
CONFORMED SUBMISSION TYPE:	UPLOAD
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20230209

FILED FOR:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HOULIHAN LOKEY, INC.
		CENTRAL INDEX KEY:			0001302215
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTMENT ADVICE [6282]
		IRS NUMBER:				952770395
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		UPLOAD

	BUSINESS ADDRESS:	
		STREET 1:		HOULIHAN LOKEY, INC.
		STREET 2:		10250 CONSTELLATION BLVD., 5TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310.553.8871

	MAIL ADDRESS:	
		STREET 1:		HOULIHAN LOKEY, INC.
		STREET 2:		10250 CONSTELLATION BLVD., 5TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HOULIHAN LOKEY HOWARD & ZUKIN INC
		DATE OF NAME CHANGE:	20040902
PUBLIC REFERENCE ACCESSION NUMBER:		0001302215-22-000029
</SEC-HEADER>
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.pdf
<TEXT>
<PDF>
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<TEXT>
United States securities and exchange commission logo





                              February 9, 2023

       J. Lindsey Alley
       Chief Financial Officer
       Houlihan Lokey, Inc.
       10250 Constellation Blvd.
       5th Floor
       Los Angeles, California 90067

                                                        Re: Houlihan Lokey,
Inc.
                                                            Form 10-K for the
Fiscal Year Ended March 31, 2022
                                                            Filed May 27, 2022
                                                            File No. 001-37537

       Dear J. Lindsey Alley:

              We have limited our review of your filing to the financial
statements and related
       disclosures and have the following comments. In some of our comments, we
may ask you to
       provide us with information so we may better understand your disclosure.

              Please respond to these comments within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe our
       comments apply to your facts and circumstances, please tell us why in
your response.

                                                        After reviewing your
response to these comments, we may have additional comments.

       Form 10-K for the Fiscal Year Ended March 31, 2022

       Item 7. Management's Discussion and Analysis of Financial Condition and
Results of Operations
       Business Segments, page 31

   1.                                                   We note your disclosure
that revenues in your Corporate Finance and Financial
                                                        Restructuring segments
were impacted by increases in the average transaction fees. In
                                                        future filings, please
revise to provide more quantitative and qualitative details discussing
                                                        how changes in your
average transaction fees and, for Financial and Valuation Advisory,
                                                        your average fee per
fee event, impacted your results of operations, as well as any other
                                                        known trends. For
example, disclosures should quantify the average fees and could further
                                                        specifically address
what drove average fee rates higher or lower, any impact related to
                                                        individual transaction
sizes and related trends, trends related to developments within a
                                                        particular industry or
service line, and other drivers.
 J. Lindsey Alley
Houlihan Lokey, Inc.
February 9, 2023
Page 2
Item 8. Financial Statements
Notes to Consolidated Financial Statements
Note 2 - Summary of Significant Accounting Policies
Goodwill and Intangible Assets, page 53

2.       We note that you have previously disclosed your adoption of ASU
2017-04. Please tell us
         how your goodwill impairment policy, as currently disclosed in both
your 10-K and
         subsequent 10-Q filings, complies with ASC 350-20-35-2 and your
adoption of ASU
         2017-04. In addition, revise your disclosures in future filings to
clarify accordingly.
       In closing, we remind you that the company and its management are
responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review,
comments, action or
absence of action by the staff.

        You may contact Michael Henderson, Staff Accountant at 202-551-3364 or
Cara
Lubit, Staff Accountant at 202-551-5909 with any questions.



FirstName LastNameJ. Lindsey Alley                          Sincerely,
Comapany NameHoulihan Lokey, Inc.
                                                            Division of
Corporation Finance
February 9, 2023 Page 2                                     Office of Finance
FirstName LastName
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