Increase in fees for services provided to group SPCs
First written in FY2023-Q2. 1 of 3 entries say "Advanced", first in FY2023-Q3. Latest entry: FY2025.
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- FY2025SoftenedAnnual report
「Revenue was ¥144 million, down 25.8% year on year, and operating profit was ¥96 million, down 15.7% year on year, mainly because there were no service fees from SPCs established within the group, unlike in the previous year.」
The trend of increasing service fees from SPCs established within the group changed in the current fiscal year, with no such fees, resulting in lower revenue and operating profit in the investment management business. - FY2023-Q3AdvancedAnnual report
「Due mainly to higher fees from asset management services and service fees received from group SPCs, revenue was ¥875 million, up 8.6% year on year, while operating profit was ¥751 million, up 366.6%.」
The increase in service fees from SPCs within the group continued and, together with asset management fees, contributed to higher revenue and profit in the investment management business. - FY2023-Q2First statedAnnual report
「Revenue was ¥714 million, up 47.4% year on year, and operating profit was ¥616 million, up 994.0% year on year, due mainly to increases in asset management fees and service fees from SPCs within the group.」
Service fees from SPCs within the group were explicitly identified for the first time as a revenue source for the investment management business. Following increases in those fees and asset management fees, revenue was ¥714 million and operating profit was ¥616 million.