Decline in Trading Volumes and Commission Revenue Due to Stock Market Downturn
First written in FY2016. 17 of 37 entries say "Mitigated", first in FY2020-Q3. Latest entry: 2026-07-24.
The Imamura Securities moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2022: 12 of 20 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「During the fiscal year, commissions in the stock and beneficiary certificate divisions increased against a backdrop of firm domestic and overseas equity markets.」
Domestic and overseas equity markets were firm, resulting in a 34.0% year-on-year increase in brokerage commissions on shares and a 33.6% increase in brokerage commissions, including beneficiary certificates. The impact of lower fees due to weak market conditions eased during the fiscal year. - FY2026-H1MitigatedAnnual report
「Total fees received for the interim accounting period were ¥2,075 million, up 8.2% year on year. By product, these comprised ¥1,547 million for shares, up 9.0%; ¥0 million for bonds, up 37.2%; ¥494 million for beneficiary certificates, up 7.6%; and ¥33 million for other products, down 13.8%. Against a backdrop of firm domestic and overseas equity markets, fees from the shares and beneficiary certificates businesses increased during the interim accounting period.」
Against a backdrop of firm domestic and overseas equity markets, fees from the shares business were ¥1,547 million, up 9.0% year on year. The risk of lower fees due to weak equity markets eased during the interim period. - FY2025MaterialisedAnnual report
「Brokerage commissions on shares were ¥2,692 million, down 8.6% year on year, while total brokerage commissions, including beneficiary certificates, were ¥2,733 million, down 7.8%.」
During the fiscal year, commissions on shares and total brokerage commissions, including beneficiary certificates, declined year on year, and the impact on revenue from fluctuations in stock prices and investor trading actually materialized. - FY2025-H1MitigatedAnnual report
「Commission income from equity transactions was ¥1,417 million, up 0.9% year on year. Total commission income, including beneficiary certificates, was ¥1,434 million, up 1.6%.」
Despite continued market volatility, commission income, including equities and beneficiary certificates, increased year on year, and the previous decline caused by weak equity prices eased during the interim period. - FY2024MitigatedAnnual report
「The domestic equity market remained firmer than in the previous fiscal year, resulting in a substantial increase in commissions in both the equity and beneficiary certificate divisions.」
The equity market remained firm, with the Nikkei Stock Average reaching a record high for the first time in 34 years. Commission income from equity transactions increased 104.1% year on year, easing the impact of lower revenue caused by weak market conditions for the full fiscal year. - FY2024-Q3MitigatedAnnual report
「During the nine months ended in the third quarter, the domestic equity market remained firmer than during the nine months ended in the previous third quarter, with the Nikkei Stock Average reaching a new high for approximately 33 years. As a result, commission income from equity transactions was ¥1,976 million, up 90.4% year on year.」
Against the backdrop of a firm domestic equity market, commission income from equity transactions increased 90.4% year on year, easing the previous impact of lower revenue caused by weak market conditions. - FY2024-Q2MitigatedAnnual report
「During the six months ended in the second quarter, the domestic equity market remained firm, with the Nikkei Stock Average reaching a new high for approximately 33 years. As a result, commission income from equity transactions was ¥1,404 million, up 131.4% year on year.」
Against the backdrop of a firm equity market, commission income from equity transactions increased 131.4% year on year, easing the previous impact of lower revenue caused by weak market conditions. - FY2024-Q1MitigatedAnnual report
「During the three months ended in the first quarter, the domestic equity market remained firm, with the Nikkei Stock Average reaching a new high for approximately 33 years. As a result, commission income from equity transactions was ¥700 million, up 138.4% year on year.」
Against the backdrop of a firm equity market, commission income from equity transactions increased 138.4% year on year, easing the previous impact of lower revenue caused by weak equity prices. - FY2023MaterialisedAnnual report
「Difficult conditions continued in the equity market due to the prolonged situation in Ukraine, global monetary tightening and other factors, resulting in lower commissions in both the equity and bond divisions than in the previous fiscal year. Commission income from equity transactions was ¥1,442 million, down 3.8% year on year, while total commission income, including beneficiary certificates and other products, was ¥1,463 million, down 3.9%.」
Against the backdrop of difficult equity market conditions, commission income from equity transactions and total commission income including beneficiary certificates and other products actually declined for the full fiscal year. - FY2023-Q3MaterialisedAnnual report
「Commission income from equity transactions was ¥1,038 million, down 15.8% year on year. Total commission income, including beneficiary certificates and other products, was ¥1,054 million, down 15.7%.」
Against the backdrop of difficult equity market conditions caused by the prolonged situation in Ukraine and global monetary tightening, commission income, including equities, beneficiary certificates and other products, actually declined. - FY2023-Q2MaterialisedAnnual report
「Commission income from equity transactions was ¥606 million, down 29.6% year on year. Total commission income, including beneficiary certificates and other products, was ¥618 million, down 29.3%.」
Against the backdrop of weak equity market conditions, commission income, including equities, beneficiary certificates and other products, actually declined during the six months ended in the second quarter. - FY2023-Q1MaterialisedAnnual report
「Difficult conditions continued in the equity market due to the prolonged situation in Ukraine and global monetary tightening, resulting in lower commissions in both the equity and bond divisions than in the previous year. Commission income from equity transactions was ¥293 million, down 37.2% year on year.」
Against the backdrop of difficult equity market conditions caused by the prolonged situation in Ukraine and global monetary tightening, commission income from equity transactions actually declined 37.2% year on year. - FY2022MaterialisedAnnual report
「Commission income from equity transactions was ¥1,500 million, down 32.8% year on year, while total commission income, including beneficiary certificates and other products, was ¥1,523 million, down 32.8%.」
Against the backdrop of stagnant equity market conditions and subdued trading by individual investors, commission income, including equities, beneficiary certificates and other products, actually declined for the full fiscal year. - FY2022-Q3MaterialisedAnnual report
「Commission income from equity transactions was ¥1,233 million, down 25.0% year on year. Total commission income, including beneficiary certificates and other products, was ¥1,251 million, down 25.1%.」
Commission income, including equities, beneficiary certificates and other products, declined year on year, resulting in an actual decline in revenue due to fluctuations in equity prices and trading volume. - FY2022-Q2MaterialisedAnnual report
「Commission income from equity transactions was ¥861 million, down 20.5% year on year. Total commission income, including beneficiary certificates and other products, was ¥873 million, down 20.9%.」
Against the backdrop of lower equity trading volume, commission income, including equities, beneficiary certificates and other products, actually declined year on year. - FY2022-Q1MaterialisedAnnual report
「Commission income from equity transactions was ¥468 million, down 16.8% year on year. Total commission income, including beneficiary certificates and other products, was ¥474 million, down 18.1%.」
Against the backdrop of equity prices moving sideways at high levels, commission income, including equities, beneficiary certificates and other products, actually declined year on year. - FY2021MitigatedAnnual report
「Commission income from equity transactions was ¥2,231 million, up 69.9% year on year, while total commission income, including beneficiary certificates and other products, was ¥2,267 million, up 69.5%.」
Against the backdrop of an equity market recovery, commission income from equities, beneficiary certificates and other products increased year on year, improving from the previous decline caused by weak market conditions. - FY2021-Q3MitigatedAnnual report
「Commission income from equity transactions was ¥1,643 million, up 68.0% year on year. Total commission income, including beneficiary certificates and other products, was ¥1,669 million, up 68.9%.」
Against the backdrop of an equity market recovery, commission income, including equities, beneficiary certificates and other products, increased sharply year on year, improving from the previous decline caused by weak market conditions. - FY2021-Q2MitigatedAnnual report
「Commission income from equity transactions was ¥1,084 million, up 77.1% year on year. Total commission income, including beneficiary certificates and other products, was ¥1,104 million, up 78.3%.」
Against the backdrop of active equity markets, commission income, including equities, beneficiary certificates and other products, increased sharply year on year, improving from the previous decline caused by weak market conditions. - FY2021-Q1MitigatedAnnual report
「Commission income from equity transactions was ¥562 million, up 70.1% year on year. Total commission income, including beneficiary certificates and other products, was ¥579 million, up 73.5%.」
Commission income, including equities, beneficiary certificates and other products, increased year on year, improving from the previous decline caused by weak market conditions. - FY2020MitigatedAnnual report
「If a decline or stagnation in equity prices reduces the number of market participants in the secondary market and trading volume in equities and other securities, commission income may decline. …The company is working to mitigate this risk by increasing revenue from sources other than equities.」
While equity prices fell sharply amid the spread of COVID-19, commission income from equity transactions for the fiscal year increased 11.9% year on year. The filing also describes measures to mitigate risk by expanding revenue from sources other than equities. - FY2020-Q3MitigatedAnnual report
「Commission income from equity transactions was ¥978 million, up 9.4% year on year. Total commission income, including beneficiary certificates, was ¥988 million, up 8.6%.」
During the nine months ended in the third quarter, commission income, including equities and beneficiary certificates, increased year on year, improving from the previous decline. - FY2020-Q2MaterialisedAnnual report
「Commission income from equity transactions was ¥612 million, down 0.6% year on year. Total commission income, including beneficiary certificates, was ¥619 million, down 1.0%.」
During the six months ended in the second quarter, commission income, including equities and beneficiary certificates, actually declined year on year. - FY2020-Q1MaterialisedAnnual report
「Commission income from equity transactions was ¥330 million, down 2.6% year on year.」
Amid low equity trading value, commission income from equity transactions actually declined year on year. - FY2019MaterialisedAnnual report
「Commission income from equity transactions was ¥1,173 million, down 33.6% year on year. Total commission income, including beneficiary certificates, was ¥1,193 million, down 33.3%.」
Against the backdrop of a sharp equity market decline and investors' risk-averse stance, commission income, including equities and beneficiary certificates, declined for the full fiscal year. - FY2019-Q3MaterialisedAnnual report
「Commission income from equity transactions was ¥894 million, down 29.7% year on year. Total commission income, including beneficiary certificates, was ¥910 million, down 29.1%.」
Against the backdrop of a sharp equity market decline and investors' risk-averse stance, commission income, including equities and beneficiary certificates, actually declined. - FY2019-Q2MaterialisedAnnual report
「Commission income from equity transactions was ¥616 million, down 19.5% year on year.」
The filing describes stagnant equity market conditions and subdued trading by individual investors, with the resulting impact reflected in a 19.5% year-on-year decline in commission income from equity transactions. - FY2018RestatedAnnual report
「If a decline or stagnation in equity prices reduces the number of market participants in the secondary market and trading volume in equities and other securities contracts, commission income may decline. The primary market may also be similarly affected: falling or stagnant equity prices may reduce sales of yen-denominated bonds with exchangeable bond provisions (EBs), investment trusts and other products, resulting in lower commissions from underwriting, offering and related activities.」
The filing reiterates the risk that falling or stagnant equity prices may affect not only commission income, but also sales of EBs and investment trusts and underwriting and offering commissions. - FY2017RestatedAnnual report
「If a decline or stagnation in equity prices reduces the number of market participants in the secondary market and trading volume in equities and other securities contracts, commission income may decline.」
The filing continues to identify the risk that falling or stagnant equity prices may affect performance through trading volume and commission income. - FY2017-Q3RestatedAnnual report
「As a result, operating revenue for the nine months ended in the third quarter was ¥2,044 million, down 11.0% year on year; net operating revenue was ¥2,029 million, down 11.0%; ordinary income was ¥268 million, down 39.1%; and net income for the quarter was ¥169 million, down 44.4%.」
The impact of equity market volatility on revenue and earnings continued, with operating revenue, ordinary income and net income for the quarter all declining year on year. - FY2017-Q2WorsenedAnnual report
「As a result, operating revenue for the six months ended in the second quarter was ¥1,242 million, down 24.6% year on year; net operating revenue was ¥1,232 million, down 24.7%; ordinary income was ¥67 million, down 83.3%; and net income for the quarter was ¥42 million, down 84.7%.」
Against the backdrop of equity market volatility, declines in operating revenue, net operating revenue, ordinary income and net income for the quarter were substantial year on year. - FY2017-Q1WorsenedAnnual report
「Japanese equities fell sharply following a rapid appreciation of the yen, reaching ¥14,952, their lowest level in 1 year and 8 months.」
The equity market declined during the quarter against the backdrop of yen appreciation. The impact was reflected in the figures, with commission income from equity transactions down 20.1% year on year and operating revenue down 34.0%. - FY2016First statedAnnual report
「Equity trading volume decreased from the previous fiscal year due to weak equity market conditions in the second half of the year. As a result, commission income from equity transactions was ¥1,164 million, down 13.4% year on year.」
The filing states that lower trading volume and commission income resulting from weak markets actually occurred during the fiscal year.