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The Imamura Securities (7175) · RiskRestated

Risk associated with maintaining the capital adequacy ratio

First written in FY2016. 22 of 36 entries say "Restated". Latest entry: 2026-07-24.

36entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2020-Q3MitigatedFY2022-Q2 – FY2024-Q1RestatedFY2024-Q2 – FY2025-H12016: 320162017: 420172018: 320182019: 420192020: 320202021: 420212022: 420222023: 420232024: 320242025: 120252026: 32026
Same theme, other companies
Risk of constraints on financial business due to a decline in the net capital ratioA theme 22 companies write about · 21 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2025: 4 of 14 companies on the "Worse" side.

4 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 22 companies compared. The sentences above are computed from all 22.
Full recordFilings, disclosures and news, newest first
  1. 2026-07-24RestatedEarnings

    「Net capital adequacy ratio (%) (D) / (E) × 100 723.7 666.1 675.0」

    The net capital adequacy ratio declined from 675.0% at the end of the previous fiscal year to 666.1%, but remained at a high level.
  2. FY2026RestatedAnnual report

    「Capital adequacy ratio (%) (D)/(E) × 100 699.6 675.0」

    The capital adequacy ratio declined from 699.6% in the previous fiscal year to 675.0%, but remained well above the regulatory minimum of 120% and the internal operating standard of 200%.
  3. 2026-04-24RestatedEarnings

    「Net capital adequacy ratio (%) 699.6 675.0」

    The net capital adequacy ratio declined from 699.6% to 675.0%, but the company continued to disclose its performance against the regulatory ratio.
  4. FY2026-H1MitigatedAnnual report

    「Capital adequacy ratio (%) 700.3 714.4」

    The capital adequacy ratio rose from 700.3% in the same period of the previous fiscal year to 714.4%, well above the regulatory minimum of 120% and the internal operating standard of 200%.
  5. FY2025-H1RestatedAnnual report

    「Capital adequacy ratio (%) 770.3 700.3」

    The capital adequacy ratio was 700.3% at the end of the interim accounting period, well above the regulatory minimum of 120% and the internal operating standard of 200%. It declined from 770.3% in the same period of the previous fiscal year.
  6. FY2024RestatedAnnual report

    「Capital adequacy ratio (%) (D)/(E) × 100 771.2 697.7」

    The capital adequacy ratio was 697.7% at the end of the fiscal year, down from 771.2% in the previous fiscal year but still well above the regulatory minimum of 120% and the internal operating standard of 200%.
  7. FY2024-Q3RestatedAnnual report

    「Capital adequacy ratio (%) 814.2 759.1」

    The capital adequacy ratio was 759.1% at the end of the third quarter, down from 814.2% in the same period of the previous fiscal year but still well above the regulatory minimum of 120% and the internal operating standard of 200%.
  8. FY2024-Q2RestatedAnnual report

    「Capital adequacy ratio (%) 789.1 770.3」

    The capital adequacy ratio was 770.3% at the end of the second quarter, well above the regulatory minimum of 120%. It declined from 789.1% in the same period of the previous fiscal year.
  9. FY2024-Q1MitigatedAnnual report

    「Capital adequacy ratio (%) 765.1 818.2」

    The capital adequacy ratio rose from 765.1% in the same period of the previous fiscal year to 818.2%, well above the regulatory minimum of 120% and the internal operating standard of 200%.
  10. FY2023MitigatedAnnual report

    「Capital adequacy ratio (%) (D)/(E) × 100 727.2 771.2」

    The capital adequacy ratio rose from 727.2% in the previous fiscal year to 771.2%, remaining well above the regulatory minimum of 120% and the internal operating standard of 200%.
  11. FY2023-Q3MitigatedAnnual report

    「Capital adequacy ratio (%) 733.6 814.2」

    The capital adequacy ratio rose from 733.6% in the same period of the previous fiscal year to 814.2%, well above the regulatory minimum of 120% and the internal operating standard of 200%.
  12. FY2023-Q2MitigatedAnnual report

    「Capital adequacy ratio (%) 714.4 789.1」

    The capital adequacy ratio was 789.1% at the end of the second quarter, up from 714.4% in the same period of the previous fiscal year and well above the regulatory minimum of 120%.
  13. FY2023-Q1MitigatedAnnual report

    「Capital adequacy ratio (%) 693.4 765.1」

    The capital adequacy ratio was 765.1% at the end of the first quarter, up from 693.4% in the same period of the previous fiscal year and well above the regulatory minimum of 120% and the internal operating standard of 200%.
  14. FY2022MitigatedAnnual report

    「Capital adequacy ratio (%) (D)/(E) × 100 705.8 727.2」

    The capital adequacy ratio rose from 705.8% in the previous fiscal year to 727.2%, well above the regulatory minimum of 120% and the internal operating standard of 200%.
  15. FY2022-Q3MitigatedAnnual report

    「Capital adequacy ratio (%) 717.4 733.6」

    The capital adequacy ratio was 733.6% at the end of the third quarter, up from 717.4% in the same period of the previous fiscal year and well above the regulatory minimum of 120%.
  16. FY2022-Q2MitigatedAnnual report

    「Capital adequacy ratio (%) 705.5 714.4」

    The capital adequacy ratio was 714.4% at the end of the second quarter, up from 705.5% at the end of the second quarter of the previous fiscal year and well above the regulatory minimum of 120%.
  17. FY2022-Q1RestatedAnnual report

    「Capital adequacy ratio (%) 713.8 693.4」

    The capital adequacy ratio was 693.4% at the end of the first quarter, down from 713.8% at the end of the first quarter of the previous fiscal year but still well above the regulatory minimum of 120%.
  18. FY2021MitigatedAnnual report

    「The capital adequacy ratio was 705.8%. Although the ratio must be maintained at no less than 120%, as of the end of the fiscal year, we understand that the Company had not fallen below 120%. The Company sets a ceiling on its market risk equivalent and calculates the ratio every business day, operating it so that it does not fall below 200%.」

    The Company continues to manage its capital adequacy ratio at a level well above the regulatory minimum of 120% and its internal operating standard of 200%. The ratio was 705.8%.
  19. FY2021-Q3MitigatedAnnual report

    「Capital adequacy ratio (%) 698.8 717.4」

    The capital adequacy ratio was 717.4% at the end of the third quarter, up from 698.8% in the same period of the previous fiscal year and well above the regulatory minimum of 120%.
  20. FY2021-Q2MitigatedAnnual report

    「Capital adequacy ratio (%) 686.0 705.5」

    The capital adequacy ratio was 705.5% at the end of the second quarter, up from 686.0% at the end of the second quarter of the previous fiscal year and well above the regulatory minimum of 120%.
  21. FY2020MitigatedAnnual report

    「The capital adequacy ratio was 701.1%. Although the ratio must be maintained at no less than 120%, as of the end of the fiscal year, we understand that the Company had not fallen below 120%. The Company sets a ceiling on its market risk equivalent and calculates the ratio every business day, operating it so that it does not fall below 200%.」

    The capital adequacy ratio rose from 647.9% in the previous fiscal year to 701.1%, and the Company reported that it manages the ratio so that it does not fall below the regulatory minimum of 120% or its internal operating standard of 200%.
  22. FY2020-Q3RestatedAnnual report

    「Capital adequacy ratio (%) 632.3 698.8 647.9」

    The capital adequacy ratio was 698.8% at the end of the third quarter, remaining above the regulatory minimum of 120%.
  23. FY2020-Q2RestatedAnnual report

    「Capital adequacy ratio (%) 622.0 686.0 647.9」

    The capital adequacy ratio was 686.0% at the end of the second quarter, exceeding the regulatory minimum of 120%.
  24. FY2020-Q1RestatedAnnual report

    「Capital adequacy ratio (%) 601.3 685.2 647.9」

    The capital adequacy ratio was 685.2% at the end of the first quarter, exceeding the regulatory minimum of 120%.
  25. FY2019RestatedAnnual report

    「Financial instruments business operators are required under the Financial Instruments and Exchange Act and the Cabinet Office Ordinance on Financial Instruments Business to maintain their net capital ratio, which must not fall below 120%. As of the end of the fiscal year, we understand that the company's ratio had not fallen below 120%.」

    The regulatory minimum for the capital adequacy ratio of 120% was reiterated, and the ratio was 647.9% at the end of the fiscal year, above the minimum.
  26. FY2019-Q3RestatedAnnual report

    「Capital adequacy ratio (%) 643.8 632.3 611.2」

    The capital adequacy ratio was 632.3% at the end of the third quarter, remaining above the regulatory minimum of 120%.
  27. FY2019-Q2RestatedAnnual report

    「Capital adequacy ratio (%) 637.8 622.0 611.2」

    The capital adequacy ratio was 622.0% at the end of the second quarter, remaining above the regulatory minimum of 120%.
  28. FY2018RestatedAnnual report

    「Capital adequacy ratio (%) 611.2」

    The capital adequacy ratio was 611.2% at the end of the fiscal year, exceeding the regulatory minimum of 120%. It declined from 659.5% in the previous fiscal year.
  29. FY2018-Q3RestatedAnnual report

    「Capital adequacy ratio (%) 672.5 643.8 659.5」

    The capital adequacy ratio was 643.8% at the end of the third quarter, remaining above the regulatory minimum of 120%.
  30. FY2018-Q2RestatedAnnual report

    「Capital adequacy ratio (%) 674.8 637.8 659.5」

    The capital adequacy ratio was 637.8% at the end of the second quarter, remaining above the regulatory minimum.
  31. FY2018-Q1RestatedAnnual report

    「Capital adequacy ratio (%) 679.3 624.0 659.5」

    The capital adequacy ratio was 624.0% at the end of the first quarter, exceeding the regulatory minimum of 120%. No material changes were reported in business risks.
  32. FY2017RestatedAnnual report

    「Financial instruments business operators are required under the Financial Instruments and Exchange Act and the Cabinet Office Ordinance on Financial Instruments Business to maintain their net capital ratio, which must not fall below 120%.」

    The company reiterates the regulatory minimum of 120%. Its net capital ratio was 659.5% at the end of the fiscal year, down from 684.0% at the end of the previous fiscal year, but still above the minimum.
  33. FY2017-Q3RestatedAnnual report

    「Net capital ratio (%) 674.5 672.5 684.0」

    The net capital ratio was 672.5% at the end of the third quarter and remained above the regulatory minimum of 120%.
  34. FY2017-Q2RestatedAnnual report

    「Net capital ratio (%) 668.8 674.8 684.0」

    The net capital ratio was 674.8% at the end of the second quarter and remained above the regulatory minimum of 120%.
  35. FY2017-Q1RestatedAnnual report

    「Net capital ratio (%) 656.5 679.3」

    The net capital ratio was 679.3% at the end of the first quarter, substantially above the regulatory minimum of 120%.
  36. FY2016First statedAnnual report

    「Financial instruments business operators are required under the Financial Instruments and Exchange Act and the Cabinet Office Ordinance on Financial Instruments Business to maintain their net capital ratio, which must not fall below 120%. As of the end of the fiscal year, we understand that the company's ratio had not fallen below 120%.」

    The company states the regulatory minimum of 120% and that the ratio had not fallen below it as of the end of the fiscal year.
Moved together

"Acquiring 15,000 New Customers Over Five Years" moved the same way as this thread, in the same document, in 12 of its 36 moves.

1286655★123456
  1. ★This thread
  2. 1Acquiring 15,000 New Customers Over Five Years12×
  3. 2Revenue Other Than Equity Brokerage Commissions and Expansion of Financial Products and Underwriting Operations8×
  4. 3Decline in Trading Volumes and Commission Revenue Due to Stock Market Downturn6×
  5. 4Increase in Customer Assets Under Custody6×
  6. 5A stable earnings base less susceptible to stock market conditions5×
  7. 6Market Risk of Financial Assets Held on Own Account5×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
The Imamura Securities's next results are scheduled for 2026-10-27. Read the earnings preview It last moved in the Earnings of 2026-07-24: "Restated".
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Risk associated with maintaining the capital adequacy ratio | The Imamura Securities Co.,Ltd. (7175) | Komori