Diversification of revenue sources and improved capital efficiency in the dealing business
First written in FY2016. 17 of 35 entries say "Advanced", first in FY2019-Q1. Latest entry: 2026-07-31.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「We decided to gradually reduce the scale of the dealing business by the end of the fiscal year ending March 2027, transfer its trading and risk-management expertise to the electricity-trading-related business, and ultimately discontinue it.」
The company continues its policy of gradually reducing and discontinuing the dealing business by the end of the fiscal year ending March 2027, and is proceeding with the transfer of its expertise to the power trading-related business. - FY2025ReframedAnnual report
「The company decided to gradually reduce the scale of the dealing business over approximately 2 years, transfer its trading and risk-management expertise to the power trading-related business, and ultimately discontinue the dealing business.」
The policy for the dealing business, which had pursued diversification of revenue sources and improved fund efficiency, changed to a phased reduction and eventual discontinuation, with a plan to transfer its expertise to the power trading-related business. - FY2025-H1AdvancedAnnual report
「During the interim consolidated fiscal period under review, movements in spreads between domestic and overseas exchanges, mainly for gold and platinum, contributed positively, enabling the company to secure revenue.」
The company secured revenue through arbitrage trading focused on gold and platinum, and segment profit turned from a loss of ¥11 million in the same period of the previous year to a profit of ¥138 million. - FY2024WorsenedAnnual report
「Although movements in spreads between domestic and overseas exchanges, particularly for platinum, contributed positively to arbitrage trading, arbitrage opportunities were limited over the full year and revenue remained sluggish.」
Operating revenue in the dealing business fell 26.3% year on year to ¥337 million, and segment earnings turned from a profit of ¥33 million in the previous fiscal year to a loss of ¥14 million. - FY2024-Q2WorsenedAnnual report
「Although movements in spreads between domestic and overseas exchanges, particularly for platinum, contributed positively to arbitrage trading, arbitrage opportunities declined compared with the first quarter of the consolidated fiscal year, and revenue remained sluggish. As a result, operating revenue for the cumulative second quarter of the consolidated fiscal year under review was ¥160 million, down ¥43 million, or 21.6%, from the same period of the previous year, and the segment loss was ¥11 million, compared with segment profit of ¥2 million in the same period of the previous year.」
Due to the decline in arbitrage opportunities, the dealing business turned from segment profit of ¥2 million in the same period of the previous year to a loss of ¥11 million. - FY2024-Q1AdvancedAnnual report
「The company also developed AI-based analytical and trading systems, which are now in live operation for trading in currencies, platinum and other instruments. As a result, operating revenue for the cumulative first quarter of the consolidated fiscal year under review was ¥103 million, up ¥9 million, or 10.6%, from the same period of the previous year, and segment profit was ¥17 million, compared with a segment loss of ¥2 million in the same period of the previous year.」
The AI-based analytical and trading systems entered live operation, and the dealing business turned from a loss of ¥2 million in the same period of the previous year to a profit of ¥17 million. - FY2023-Q3AdvancedAnnual report
「Arbitrage opportunities made a steady positive contribution, particularly in platinum trading amid sharp movements in spreads between domestic and overseas exchanges. Although the company also conducted arbitrage trading consistently in the gold and crude oil markets, it was unable to cover operating expenses. As a result, operating revenue for the cumulative third quarter of the consolidated fiscal year under review was ¥285 million, up ¥22 million, or 8.4%, from the same period of the previous year, and the segment loss was ¥12 million, compared with a segment loss of ¥27 million in the same period of the previous year.」
Operating revenue increased through arbitrage trading in platinum, gold and crude oil, and the segment loss narrowed from ¥27 million in the same period of the previous year to ¥12 million. However, the business remained loss-making because it still could not cover operating expenses. - FY2023-Q2AdvancedAnnual report
「Arbitrage opportunities made a steady positive contribution, particularly in platinum trading amid sharp movements in spreads between domestic and overseas exchanges. The company also conducted arbitrage trading consistently in the gold and crude oil markets. As a result, operating revenue for the cumulative second quarter of the consolidated fiscal year under review was ¥204 million, up ¥22 million, or 12.2%, from the same period of the previous year, and segment profit was ¥2 million, compared with a segment loss of ¥9 million in the same period of the previous year.」
Through arbitrage trading in platinum, gold and crude oil, segment earnings for the cumulative second quarter turned from a loss of ¥9 million in the same period of the previous year to a profit of ¥2 million. - FY2023-Q1WorsenedAnnual report
「Operating revenue was ¥93 million, down ¥6 million, or 6.4%, from the same period of the previous year, and the segment loss was ¥2 million, compared with segment profit of ¥1 million in the same period of the previous year.」
The dealing business turned from profit of ¥1 million in the same period of the previous year to a loss of ¥2 million. - FY2022WorsenedAnnual report
「As a result, operating revenue for the consolidated fiscal year under review was ¥343 million, down ¥297 million, or 46.4%, from the same period of the previous year, and the segment loss was ¥45 million, compared with segment profit of ¥203 million in the same period of the previous year.」
The dealing business turned from segment profit of ¥203 million in the previous year to a loss of ¥45 million, with the decline in trading opportunities affecting performance over the full year. - FY2022-Q3WorsenedAnnual report
「Operating revenue for the cumulative third quarter of the consolidated fiscal year under review was ¥263 million, down ¥241 million, or 47.8%, from the same period of the previous year, and the segment loss was ¥27 million, compared with segment profit of ¥181 million in the same period of the previous year.」
The dealing business turned from segment profit of ¥181 million in the same period of the previous year to a loss of ¥27 million. The policy of strengthening earnings capacity through expense reductions and efficient use of dealing funds remains in place. - FY2022-Q2WorsenedAnnual report
「As a result, operating revenue for the cumulative second quarter of the consolidated fiscal year under review was ¥181 million, down ¥227 million, or 55.5%, from the same period of the previous year, and the segment loss was ¥9 million, compared with segment profit of ¥184 million in the same period of the previous year. In this business, we will continue working to reduce expenses and use dealing funds efficiently, while continuing to strengthen earnings capacity.」
The dealing business turned from segment profit of ¥184 million in the same period of the previous year to a loss of ¥9 million. The company plans to continue reducing expenses and using dealing funds efficiently. - FY2022-Q1Dealing profit fell sharply year on yearAnnual report
「Trading opportunities in the crude oil market during the first quarter of the consolidated fiscal year under review declined compared with the same period of the previous year, when prices fluctuated sharply, including a temporary occurrence of negative prices. In precious-metals arbitrage trading as well, spreads between markets, which had frequently deviated in the previous consolidated fiscal year, deviated less from theoretical values except in some cases, reducing arbitrage opportunities, but the company continued trading in ways that generated profit when deviations occurred.」
Operating revenue fell 62.5% year on year to ¥100 million, while segment profit declined from ¥142 million in the same period of the previous year to ¥1 million. Expense reductions and efficient use of dealing funds have continued. - FY2021-Q3AdvancedAnnual report
「In precious-metals arbitrage trading, spreads between markets became unstable, as in the first quarter of the consolidated fiscal year under review, and continued to deviate from the theoretical values used as benchmarks. The company therefore traded while limiting risk, and subsequently succeeded in generating stable profits while controlling its trading methods, funds and risk. As a result, operating revenue for the cumulative third quarter of the consolidated fiscal year under review was ¥504 million, up ¥205 million, or 68.9%, from the same period of the previous year, and segment profit was ¥181 million, compared with a segment loss of ¥22 million in the same period of the previous year.」
Through arbitrage trading in crude oil and precious metals, the company secured profit while managing its trading methods, funds and risk, and segment earnings improved from a loss of ¥22 million in the same period of the previous year to a profit of ¥181 million. - FY2021-Q2AdvancedAnnual report
「As a result, operating revenue for the cumulative second quarter of the consolidated fiscal year under review was ¥408 million, up ¥219 million, or 115.6%, from the same period of the previous year, and segment profit was ¥184 million, compared with a segment loss of ¥29 million in the same period of the previous year.」
The dealing business turned from a segment loss of ¥29 million in the same period of the previous year to a profit of ¥184 million. It secured earnings through arbitrage trading in crude oil and precious metals, as well as through control of trading methods, funds and risk. - FY2021-Q1AdvancedAnnual report
「In this business, we will continue working to reduce expenses, operate dealing funds efficiently, and respond appropriately to the organizational and institutional changes at the exchange scheduled for July, while continuing to aim to restore earnings capacity.」
The company plans to continue reducing expenses and improving fund efficiency while responding to organizational and institutional changes at the exchange. Segment profit for the first quarter turned from a loss of ¥48 million in the same period of the previous year to a profit of ¥142 million. - FY2020-Q3AdvancedAnnual report
「The company began trading in China's futures market, which had been opened to overseas investors, from the third quarter of the consolidated fiscal year under review.」
The company began trading in China's futures market from the third quarter. Meanwhile, segment earnings for the cumulative third quarter were a loss of ¥22 million, turning from a profit of ¥11 million in the same period of the previous year. - FY2020-Q2Continued to be in a position of cumulative losses after turning from a segment surplusAnnual report
「As a result, operating revenue for the cumulative second quarter of the consolidated fiscal year under review was ¥189 million, down ¥66 million, or 26.0%, from the same period of the previous year, and the segment loss was ¥29 million, compared with segment profit of ¥20 million in the same period of the previous year.」
The dealing business turned from segment profit of ¥20 million in the same period of the previous year to a loss of ¥29 million. The company aims to restore earnings capacity through expense reductions, more efficient use of funds, and measures to address China's futures market. - FY2020-Q1Turned into a segment lossAnnual report
「The substantial cost reductions pursued over the past several years were insufficient to offset the decline in revenue, resulting in a segment loss.」
The dealing business turned from a segment profit of ¥30 million in the same period of the previous year to a loss of ¥48 million. Although the company secured a certain level of profit through arbitrage trading in the crude oil market, it incurred losses on gold and platinum. It aims to restore earnings capacity through expense reductions, more efficient use of funds, and the opening of China's futures markets, among other measures. - FY2019AdvancedAnnual report
「Although revenue remained sluggish because there were many periods with few trading opportunities due to lower volatility in futures prices and other factors, substantial cost reductions pursued over the past several years enabled the segment to remain profitable. As a result, operating revenue for the consolidated fiscal year under review was ¥485 million, down ¥53 million, or 9.9%, from the same period of the previous year, and segment profit was ¥10 million, compared with a segment loss of ¥41 million in the same period of the previous year.」
Even in an environment with limited trading opportunities, cost reductions turned segment earnings from a ¥41 million loss into a ¥10 million profit. - FY2019-Q3AdvancedAnnual report
「Trading opportunities were limited throughout the third-quarter cumulative consolidated period and earnings remained sluggish, but significant cost reductions pursued since the previous consolidated fiscal year enabled the company to secure a segment profit. As a result, operating revenue for the business during the third-quarter cumulative consolidated period was ¥370 million, up ¥5 million, or 1.5%, from the same period of the previous year, while segment profit was ¥11 million, compared with a segment loss of ¥72 million in the year-earlier period.」
Despite limited trading opportunities, cost reductions turned the dealing business from a ¥72 million loss in the year-earlier period into an ¥11 million profit. - FY2019-Q2AdvancedAnnual report
「Trading opportunities were limited throughout the second-quarter cumulative consolidated period and earnings growth was limited, but significant cost reductions pursued since the previous consolidated fiscal year enabled the company to secure a segment profit. As a result, operating revenue for the business during the second-quarter cumulative consolidated period was ¥256 million, down ¥7 million, or 2.9%, from the same period of the previous year, while segment profit was ¥20 million, compared with a segment loss of ¥48 million in the year-earlier period.」
Despite limited trading opportunities, cost reductions turned segment results from a ¥48 million loss in the year-earlier period into a ¥20 million profit. - FY2019-Q1AdvancedAnnual report
「Against the market backdrop described above, precious metals declined and crude oil fluctuated sharply in May in the core commodity markets, enabling the company to secure earnings through arbitrage trading based on price differences between markets. However, trading opportunities were limited throughout the first-quarter cumulative consolidated period and earnings remained sluggish. Even so, the effects of ongoing expense-reduction measures enabled the company to secure a certain level of segment profit.」
Even in an environment with limited trading opportunities, arbitrage trading and expense-reduction measures turned the segment from a loss in the year-earlier period into a segment profit of ¥30 million. - FY2018-Q3RestatedAnnual report
「Some of these measures, such as consolidating information vendors and reducing the dealing business’s office-related expenses by changing the office layout, will take time to produce cost savings. However, the break-even point for the dealing business is expected to decline reliably by the end of the current consolidated fiscal year.」
The company continues to pursue a policy of stopping cash equity trading, allocating funds to commodity futures, reducing expenses, and managing risk with fewer employees. The expected decline in the break-even point toward the fiscal year-end was stated as a forecast, not an achieved result. - FY2018-Q2ReframedAnnual report
「Because there was no clear prospect of expanding earnings from the cash equity trading conducted by アストマックス・エナジー株式会社, the company stopped trading at the end of June and increased the allocation of dealing funds to its core commodity futures business. In addition, the administrative division established a structure that can maintain the same level of risk management with fewer employees than before, thereby reducing personnel costs.」
The company stopped cash equity trading and concentrated funds in commodity futures, revising its operating structure to maintain the previous level of risk management with fewer employees. - FY2017-Q3RestatedAnnual report
「In this business, we will continue working to reduce expenses, manage dealing funds efficiently, and pursue higher earnings.」
The company continues to pursue higher earnings through expense reductions and efficient management of dealing funds. - FY2017-Q2RestatedAnnual report
「We will continue working to reduce expenses, manage dealing funds efficiently, and pursue higher earnings.」
The company continues to pursue higher earnings through expense reductions and efficient management of dealing funds. - FY2017-Q1RestatedAnnual report
「We will continue working to reduce expenses, manage dealing funds efficiently, and pursue high earnings capacity.」
The company continues to pursue higher earnings through expense reductions and efficient management of dealing funds. - FY2016First statedAnnual report
「We are researching and analyzing new trading targets and developing trading infrastructure, with the aim of diversifying revenue sources and expanding earnings capacity. We will also deepen portfolio analysis across the dealing business, manage funds more efficiently, and maintain a structure that enables each dealer to fully demonstrate their capabilities.」
The company planned to complete the overhaul of its management system by the end of the first quarter and included electricity futures trading, scheduled during the fiscal year ending March 2017, among the targets for revenue diversification.