Worth reading
45Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
40.7
% (year-on-year change in operating revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter (interim period) of the fiscal year ending March 20278 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales2,999 Millions of yen +40.7%operating revenue
Operating profit¥1,041 million+113.2%
Ordinary income¥1,078 million+108.4%
Net income727 million yen +110.8%interim net income
Selling, general and administrative expenses¥1,941 million
Results for the three months of the current quarterThe product breakdown of commissions received for the three months of the second quarter of the fiscal year ending March 2027 shows a total of ¥1,163 million, including ¥812 million from stock certificates, ¥320 million from beneficiary certificates and ¥30 million from other sources. Year-on-year changes were a 4.0% increase in total commissions, a 3.9% decrease in commissions from stock certificates, a 25.9% increase in commissions from beneficiary certificates and a 62.1% increase in other commissions.
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Cumulative commissions received by product: stock certificates, ¥2,185 million (up 41.2% year on year); bonds, ¥1 million (up 78.0%); beneficiary certificates, ¥659 million (up 33.4%); other, ¥57 million (up 71.6%); total, ¥2,903 million (up 39.9%).
New initiatives
- Acquisition of DX Certified Business Operator Certification
- Launch of the 今村証券 V Point service
- Development and operation of the personnel evaluation system
- Enhanced employee benefits
- Strengthening Mid-Career Recruitment
- Renewal of the recruitment information website
Key KPIsA metric the company considers important as a management benchmark.
- Expense coverage ratio from investment trusts34.8 ％
- Assets Under Administration¥4,892 100 million
- Acquisition of new customers2,431 Accounts
- Number of officers and employees (excluding part-time staff)216 people
- Assets under custody in equity investment trusts¥1,260 100 million
- Recurring revenue¥335 million
Medium-term management plan targets
Coverage ratio of expenses by beneficiary certificates: more than 36.0% by the fiscal year ending March 2029 and more than 50.0% over the long term. Assets under custody: ¥475.2 billion by the end of the fiscal year ending March 2032. Acquisition of new customers: 3,000 accounts per fiscal year and 15,000 accounts over 5 years. Number of officers and employees: 250 by the end of the fiscal year ending March 2030. Interim-period results were an expense coverage ratio of 34.8%, assets under custody of ¥489.2 billion, 2,431 new customer accounts and 216 officers and employees.Number of stores and locations
11 branches across the 3 Hokuriku prefectures. The number of branch openings and closures during the period was Not disclosed.Number of employees
The number of officers and employees, excluding part-time staff, was 216 at the end of the interim period. The company is targeting a workforce of 250 by the end of the fiscal year ending March 2030 and is taking measures including strengthening mid-career hiring. Changes in headcount during the period were Not disclosed.Annual Dividend
The interim dividend for the fiscal year ending March 2027 is ¥37 per share. The year-end dividend is undecided. The annual dividend amount is Not disclosed.Payout ratio
A payout ratio of 35% is the guideline. The payout ratio for the fiscal year ending March 2027 is Not disclosed.| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending March 2027 |
| Net Sales | 2,999 Millions of yen (operating revenue) (YoY +40.7%) |
| Operating profit | ¥1,041 million (YoY +113.2%) |
| Ordinary income | ¥1,078 million (YoY +108.4%) |
| Net income | 727 million yen (interim net income) (YoY +110.8%) |
| Selling, general and administrative expenses | ¥1,941 million |
| Results for the three months of the current quarter | The product breakdown of commissions received for the three months of the second quarter of the fiscal year ending March 2027 shows a total of ¥1,163 million, including ¥812 million from stock certificates, ¥320 million from beneficiary certificates and ¥30 million from other sources. Year-on-year changes were a 4.0% increase in total commissions, a 3.9% decrease in commissions from stock certificates, a 25.9% increase in commissions from beneficiary certificates and a 62.1% increase in other commissions. |
| Breakdown of Factors Affecting the Change | Cumulative commissions received by product: stock certificates, ¥2,185 million (up 41.2% year on year); bonds, ¥1 million (up 78.0%); beneficiary certificates, ¥659 million (up 33.4%); other, ¥57 million (up 71.6%); total, ¥2,903 million (up 39.9%). |
| Key KPIs | Indicator name Expense coverage ratio from investment trusts / Value 34.8 ％ / Year on year against the same period last year Not disclosed, Indicator name Assets Under Administration / Value ¥4,892 100 million / Year on year against the same period last year Not disclosed, Indicator name Acquisition of new customers / Value 2,431 Accounts / Year on year against the same period last year Not disclosed, Indicator name Number of officers and employees (excluding part-time staff) / Value 216 people / Year on year against the same period last year Not disclosed, Indicator name Assets under custody in equity investment trusts / Value ¥1,260 100 million / Year on year against the same period last year Not disclosed, Indicator name Recurring revenue / Value ¥335 million / Year on year against the same period last year Not disclosed |
| Number of stores and locations | 11 branches across the 3 Hokuriku prefectures. The number of branch openings and closures during the period was Not disclosed. |
| Number of employees | The number of officers and employees, excluding part-time staff, was 216 at the end of the interim period. The company is targeting a workforce of 250 by the end of the fiscal year ending March 2030 and is taking measures including strengthening mid-career hiring. Changes in headcount during the period were Not disclosed. |
| Medium-term management plan targets | Coverage ratio of expenses by beneficiary certificates: more than 36.0% by the fiscal year ending March 2029 and more than 50.0% over the long term. Assets under custody: ¥475.2 billion by the end of the fiscal year ending March 2032. Acquisition of new customers: 3,000 accounts per fiscal year and 15,000 accounts over 5 years. Number of officers and employees: 250 by the end of the fiscal year ending March 2030. Interim-period results were an expense coverage ratio of 34.8%, assets under custody of ¥489.2 billion, 2,431 new customer accounts and 216 officers and employees. |
| Annual Dividend | The interim dividend for the fiscal year ending March 2027 is ¥37 per share. The year-end dividend is undecided. The annual dividend amount is Not disclosed. |
| Payout ratio | A payout ratio of 35% is the guideline. The payout ratio for the fiscal year ending March 2027 is Not disclosed. |
| New initiatives | Acquisition of DX Certified Business Operator Certification, Launch of the 今村証券 V Point service, Development and operation of the personnel evaluation system, Enhanced employee benefits, Strengthening Mid-Career Recruitment, Renewal of the recruitment information website |
Items this document does not state (15)
Gross Profit MarginOperating profit marginFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planSegment resultsUnit price and quantity metricsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Commissions received increased 39.9% year on year to ¥2,903 million, driven in particular by increases in commissions from stock certificates, beneficiary certificates and other products. The materials describe growth in assets under custody, acquisition of new customers and expansion of recurring revenue as business strategies, but provide limited detail on the direct factors behind the increase in profit.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.