Impact on business performance from changes in individual investor investment behavior
First written in FY2016. 7 of 17 entries say "Materialised", first in FY2019-Q2. Latest entry: 2026-07-24.
No other company in this theme has enough history to compare yet.
- 2026-07-24MitigatedEarnings
「During the cumulative first quarter, the Nikkei Stock Average continued to perform firmly, renewing its all-time high and rising above the ¥70,000 level. As a result, revenue and earnings increased, mainly because commissions from the acceptance of stock and beneficiary certificates rose substantially compared with the cumulative first quarter of the previous fiscal year.」
Against a backdrop of firm equity markets, commissions from the acceptance of stock and beneficiary certificates increased, and the impact on results previously caused by subdued trading by individual investors eased during the quarter. - FY2026MitigatedAnnual report
「During the fiscal year, the stock market continued to trend steadily upward, with the Nikkei Stock Average reaching new all-time highs, among other developments.」
Against a backdrop of firm stock-market conditions, trading by individual investors became active, resulting in ¥3,307 million of cash provided by operating activities. - FY2026-H1MitigatedAnnual report
「During the interim accounting period, trading by individual investors, the company's main customers, was active against a backdrop of firm domestic and overseas stock markets. As a result, cash increased mainly because the company recorded interim profit before income taxes and because customer deposits, margin-trading liabilities and customer margin deposits increased, while margin-trading assets decreased. Cash decreased mainly because customer segregated money trusts increased. Consequently, cash provided by operating activities was ¥2,670 million, up from the same period of the previous year.」
Trading by individual investors, the company's main customers, became active, resulting in ¥2,670 million of cash provided by operating activities. The impact on results from subdued individual investor trading eased during the interim period. - FY2025MaterialisedAnnual report
「During the fiscal year, trading by individual investors, the company's main customers, was subdued, resulting in lower revenue and profit.」
The subdued trading activity of individual investors, the company's main customers, actually appeared as lower revenue and profit for the fiscal year. - FY2025-H1MaterialisedAnnual report
「During the interim accounting period, trading by individual investors, the company's main customers, was subdued, resulting in lower revenue and profit.」
The subdued trading activity of individual investors, the company's main customers, actually appeared as lower revenue and profit during the interim accounting period. - FY2024-Q2MitigatedAnnual report
「During the six months ended ... , stock-market conditions remained firm, causing trading by individual investors, the company's main customers, to become active and resulting in higher revenue and profit.」
Trading by individual investors, the company's main customers, became active and was reflected in results as higher revenue and profit. - FY2023-Q2MaterialisedAnnual report
「During the six months ended ... , stock-market conditions remained weak, causing trading by individual investors, the company's main customers, to be subdued and resulting in lower revenue and profit.」
The subdued trading activity of individual investors, the company's main customers, actually appeared as lower revenue and profit. - FY2022MaterialisedAnnual report
「Trading by individual investors, the company's main customers, was subdued compared with the previous fiscal year, when the company recorded its highest-ever profit. Although cash increased mainly because the company recorded profit before income taxes and depreciation, cash also decreased mainly because of payments for income taxes and other items. As a result, cash provided by operating activities was ¥656 million, down from the previous fiscal year.」
The subdued trading activity of individual investors, the company's main customers, actually appeared as a decrease in cash provided by operating activities. - FY2021MitigatedAnnual report
「The company is working to expand its earnings base by focusing on acquiring new customers, and believes that the risk is unlikely to materialize.」
The company describes the risk of changes in individual investors' investment behavior affecting results, while identifying expansion of its earnings base through new customer acquisition as a response. - FY2021-Q2MitigatedAnnual report
「During the six months ended ... , trading by individual investors, the company's main customers, also became active as stock-market conditions strengthened. As a result, cash provided by operating activities increased from the same period of the previous year, mainly due to quarterly profit before income taxes and other factors.」
Trading by individual investors, the company's main customers, became active, improving conditions from the same period of the previous year, when the risk of changes in investment behavior affecting results materialized. - FY2020MitigatedAnnual report
「The company is working to expand its earnings base by focusing on acquiring new customers, and believes that the risk is unlikely to materialize.」
The company describes the risk to its earnings base arising from changes in individual investors' investment behavior, while stating that the likelihood of its materializing is low because of new customer acquisition. - FY2020-Q2MaterialisedAnnual report
「During the six months ended ... , cash provided by operating activities decreased from the same period of the previous year, mainly because margin trading by individual investors, the company's main customers, was subdued and margin-trading liabilities decreased.」
The subdued margin-trading activity of individual investors, the company's main customers, and the decline in margin-trading liabilities were actually cited as factors behind the decrease in cash flow. - FY2019MaterialisedAnnual report
「As a result, trading by the Company's principal customers, individual investors, became sluggish and margin-trading assets declined. Cash flows from operating activities consequently shifted from a decrease in funds in the previous fiscal year to a substantial increase in funds.」
The subdued trading activity of individual investors, the company's main customers, and the decline in margin-trading assets actually occurred over the full year. - FY2019-Q2MaterialisedAnnual report
「During the cumulative second-quarter period, equity market conditions remained directionless, and trading by the Company's principal customers, individual investors, was sluggish, resulting in a decline in margin-trading assets. Consequently, the increase in cash flows from operating activities expanded compared with the same period of the previous year.」
The Company states that sluggish trading by its principal customers, individual investors, and a decline in margin-trading assets actually occurred. - FY2018RestatedAnnual report
「Changes in individual investors' investment behavior may result from various factors, including market conditions, economic trends and changes in the tax system.」
Factors behind changes in investment behavior are specified in relation to the risk of an impact on business performance arising from a customer base centered on individual investors. - FY2017RestatedAnnual report
「The Company's principal customers are individual investors. Accordingly, changes in individual investors' investment behavior may affect its business performance.」
The risk of an impact on business performance arising from a customer base centered on individual investors is disclosed again. - FY2016First statedAnnual report
「The Company's principal customers are individual investors. Accordingly, changes in individual investors' investment behavior may affect its business performance.」
The risk to the revenue base arising from a customer base centered on individual investors is disclosed.