Revenue Other Than Equity Brokerage Commissions and Expansion of Financial Products and Underwriting Operations
First written in FY2016. 22 of 41 entries say "Advanced", first in FY2017-Q3. Latest entry: 2026-07-24.
2 other companies' latest entry also says "Advanced".
- 2026-07-24AdvancedEarnings
「In bond sales, we handled U.S. dollar-denominated corporate bonds and other products. In investment trust sales, sales were strong for newly offered products such as the “Meiji Yasuda Fidelity Semiconductor Fund (semiannual settlement, asset growth type),” and assets under custody in equity investment trusts at the end of the cumulative first quarter increased 51.3% from the end of the cumulative first quarter of the previous fiscal year to a record ¥125.0 billion.」
The company continued to handle U.S. dollar-denominated corporate bonds and specifically reported the sale of new investment trusts and growth in assets under custody in equity investment trusts. - FY2026Investment trust assets under custody reached a record high, while bond and trading revenue declinedAnnual report
「Sales were strong for newly offered products such as the “WCM Select Global Growth Stock Fund (Fund with Estimated Distribution Amount)” and, as of the end of the fiscal year, the balance of assets under custody in equity investment trusts had increased 38.6% from the end of the previous fiscal year to a record ¥106.647 billion.」
Assets under custody in investment trusts and beneficiary certificate commissions increased, while underwriting and related commissions were ¥0 million and trading gains were ¥19 million, down 95.6% year on year, resulting in divergent revenue trends by product. - FY2026-H1Investment trust assets under custody reached a record high, while bond trading gains declinedAnnual report
「In bond sales, the company handled US dollar-denominated and yen-denominated corporate bonds and other products. In investment trust sales, sales were strong for newly launched products including the WCM Select Global Growth Equity Fund (Fund with Indicative Distribution Amount). At the end of the interim period, assets under custody in equity investment trusts had increased 24.5% from the end of the previous interim period to ¥9,371 million, a record high.」
The company expanded sales of US dollar-denominated and yen-denominated corporate bonds and new investment trusts, bringing assets under custody in equity investment trusts to ¥9,371 million, up 24.5%. Meanwhile, trading gains fell to ¥15 million, down 95.2% year on year, amid changes in the market for US dollar-denominated corporate bonds resulting from policies of the Trump administration and other factors. - FY2025The company clearly shifted its focus to investment trust recurring revenue and bond trading, while underwriting and bond commissions declinedAnnual report
「Total commission income for the fiscal year was ¥3,685 million, down 17.0% year on year. By product, this comprised ¥2,698 million from equities, down 8.5%; ¥1 million from bonds, down 99.7%; ¥909 million from beneficiary certificates, down 7.0%; and ¥75 million from other products, up 27.1%. In December, the company participated as an underwriter in the IPO of Reskill Corp. As a result of focusing on sales of US dollar-denominated corporate bonds and other products, trading gains for the fiscal year increased to ¥441 million, up 33.7% from the previous fiscal year.」
Trading gains increased on sales of US dollar-denominated corporate bonds and other products, and the company participated in Reskill Corp.'s IPO. Meanwhile, bond commissions fell 99.7% amid the suspension of structured bond sales and other factors, while underwriting and related commissions declined to ¥2 million. - FY2025-H1Trading gains on US dollar-denominated corporate bonds increased, while bond commissions and underwriting commissions decreasedAnnual report
「In bond sales, the company focused on US dollar-denominated corporate bonds, for which customer demand has been rising on the back of high US interest rates and other factors, and also handled Fukui Prefecture bonds in September. In investment trust sales, sales were strong for newly launched products including the Nissei Yen-Denominated Global Corporate Bond / Balanced Fund 2024-09.」
The company expanded sales of US dollar-denominated corporate bonds, Fukui Prefecture bonds and new investment trusts. Trading gains from sales of US dollar-denominated corporate bonds and other products totaled ¥313 million, up 305.3% year on year, while underwriting and related commissions were ¥0 million and bond commissions fell 99.9% year on year. - FY2024Fees from shares and beneficiary certificates increased, while bond and underwriting fees declinedAnnual report
「Total fees received in the fiscal year under review were ¥4,440 million, up 17.4% year on year. By product, fees were ¥2,949 million from shares, up 103.4%; ¥454 million from bonds, down 74.6%; ¥977 million from beneficiary certificates, up 90.5%; and ¥59 million from other sources, up 98.8%.」
Total commission income increased overall. Commissions on equities, beneficiary certificates and other products increased, while bond commissions fell sharply due to the suspension of structured bond sales and other factors. Underwriting and related commissions also decreased from ¥1,792 million to ¥453 million. - FY2024-Q3Fees from shares, beneficiary certificates and public offering distribution increased, while bond and underwriting fees declinedAnnual report
「Total fees received for the cumulative third quarter were ¥3,280 million, up 15.8% year on year. By product, fees were ¥1,978 million from shares, up 89.6%; ¥454 million from bonds, down 68.3%; ¥812 million from beneficiary certificates, up 140.3%; and ¥35 million from other sources, up 75.7%. During the cumulative third quarter, the domestic equity market remained firmer than in the cumulative third quarter of the previous year, with the Nikkei Stock Average reaching a level not seen in approximately 33 years. As a result, fees in the shares and beneficiary certificates businesses increased year on year. In the bond business, fees declined because we have not sold structured bonds since July.」
While total fees received increased, fees from shares and beneficiary certificates rose, whereas bond fees and fees from underwriting, secondary offerings and other services declined. The suspension of structured bond sales from July was also cited as a factor behind the decline in bond fees. - FY2024-Q2Fees from shares and beneficiary certificates increased, while bond and structured bond-related fees declinedAnnual report
「Total fees received for the cumulative second quarter were ¥2,445 million, up 25.7% year on year. By product, fees were ¥1,406 million from shares, up 130.0%; ¥453 million from bonds, down 59.1%; ¥566 million from beneficiary certificates, up 167.9%; and ¥19 million from other sources, up 43.0%. During the cumulative second quarter, the domestic equity market remained firm, with the Nikkei Stock Average reaching a level not seen in approximately 33 years. As a result, fees in the shares and beneficiary certificates businesses increased from the same period of the previous year. In the bond business, fees declined because we have not sold structured bonds since July.」
Total fees received increased, but bond fees declined while fees from shares and beneficiary certificates increased. The cessation of structured bond sales from July was also cited as a factor behind the decline in bond fees. - FY2024-Q1Fees from shares and beneficiary certificates increased, while bond and underwriting fees declinedAnnual report
「Total fees received for the cumulative first quarter were ¥1,356 million, up 34.3% year on year. By product, fees were ¥701 million from shares, up 135.9%; ¥453 million from bonds, down 22.8%; ¥194 million from beneficiary certificates, up 67.7%; and ¥7 million from other sources, down 24.8%. Fees from underwriting, secondary offerings, solicitations to sell to specified investors and other services were ¥453 million, down 23.1%.」
While total fees received rose 34.3%, fees from shares and beneficiary certificates increased, whereas bond fees and fees from underwriting and other services declined year on year. The expansion of non-equity revenue and underwriting operations varied by product. - FY2023Reviewed its structured bond sales policy and launched a regional contribution fund, while fees declinedAnnual report
「As the number of distributors selling structured bonds increased across the industry, complaints concerning structured bonds began to be filed more frequently with designated dispute resolution institutions, prompting self-regulatory organizations to revise their guidelines and other rules. In response, we are reviewing our sales policy for yen-denominated bonds with conversion clauses into shares of other companies and yen-denominated bonds linked to the Nikkei Stock Average. In investment trust sales, we handled a wide range of funds, including the State Street Global Select Growth Equity Fund, and began handling the Hokuriku Mirai Support Fund, an investment trust exclusive to our company, in January.」
In response to the increase in complaints concerning structured bonds and revisions to self-regulatory organization guidelines, the company reviewed its sales policy. It also began handling the company-exclusive Hokuriku Mirai Support Fund, while fees from underwriting, secondary offerings and other services were ¥1,792 million, down 28.0% year on year. - FY2023-Q3Continued and additional participation as an underwriter in IPOs, while fees declinedAnnual report
「In June, we participated as an underwriter in the IPO of SUNWELS Co.,Ltd., and in December, in the IPO of Daiwa Tsushin Co., Ltd. In bond sales, we sold yen-denominated bonds with conversion clauses into shares of other companies and yen-denominated bonds linked to the Nikkei Stock Average, and also handled Fukui Prefectural Bonds and Hokuriku Electric Power Bonds. In investment trust sales, we handled a wide range of funds, including the State Street Global Select Growth Equity Fund, and actively recommended regular fixed-amount investment plans and NISA accumulation accounts, seeking to expand the customer base and promote securities investment.」
The company participated as an underwriter in the IPOs of SUNWELS Co.,Ltd. and Daiwa Tsushin, and continued diversifying its bonds and investment trusts. Fees received declined 19.9% year on year, while fees from underwriting and other services declined 27.6%. - FY2023-Q2WorsenedAnnual report
「Total fees received for the cumulative second quarter were ¥1,944 million, down 19.3% year on year. By product, fees were ¥611 million from shares, down 29.2%; ¥1,108 million from bonds, down 16.2%; ¥211 million from beneficiary certificates, up 0.9%; and ¥13 million from other sources, up 9.0%.」
While the company continued diversifying its bonds, investment trusts and other products and participating as an underwriter in IPOs of Ishikawa-headquartered companies, total fees received and fees in the shares and bonds businesses declined year on year. - FY2023-Q1AdvancedAnnual report
「In June, we participated as an underwriter in the IPO of SUNWELS Co.,Ltd., headquartered in Ishikawa Prefecture. Fees from underwriting, secondary offerings, solicitations to sell to specified investors and other services were ¥589 million, down 17.7% year on year.」
The company participated as an underwriter in the IPO of SUNWELS Co.,Ltd., an Ishikawa-headquartered company. Meanwhile, fees from underwriting, secondary offerings and other services declined 17.7% year on year. - FY2022AdvancedAnnual report
「Total fees received in the fiscal year under review were ¥4,452 million, down 9.4% year on year. By product, fees were ¥1,504 million from shares, down 32.7%; ¥2,487 million from bonds, up 7.0%; ¥434 million from beneficiary certificates, up 34.7%; and ¥25 million from other sources, down 7.5%.」
While equity brokerage commissions declined, fees from bonds and beneficiary certificates increased, advancing the expansion of non-equity revenue and product diversification. The company also participated as an underwriter in the third secondary offering of Japan Post shares. - FY2022-Q3AdvancedAnnual report
「When the third secondary offering of Japan Post shares was conducted in October, we participated as an underwriter. In bond sales, we promoted yen-denominated bonds with conversion clauses into shares of other companies and also handled yen-denominated bonds linked to the Nikkei Stock Average, Fukui Prefectural Bonds, and Hokuriku Electric Power Bonds. In investment trust sales, we handled a wide range of funds, including Digital Health Equity Fund.」
In addition to participating as an underwriter in the third secondary offering of Japan Post shares, the company continued diversifying its bonds and investment trusts. Fees from underwriting and other services were ¥1,980 million, up 34.1% year on year. - FY2022-Q2AdvancedAnnual report
「In bond sales, we promoted yen-denominated bonds with conversion clauses into shares of other companies and also handled yen-denominated bonds linked to the Nikkei Stock Average and Fukui Prefectural Bonds. In investment trust sales, we handled a wide range of funds, including Digital Health Equity Fund.」
The company continued diversifying its bonds and investment trusts. Bond fees were ¥1,323 million, up 54.9% year on year, and beneficiary certificate fees were ¥209 million, up 92.2%. - FY2022-Q1AdvancedAnnual report
「In bond sales, we continued to promote yen-denominated bonds with conversion clauses into shares of other companies and, in investment trust sales, handled a wide range of funds, including Digital Health Equity Fund.」
The company continued selling bonds and investment trusts. For the cumulative first quarter, bond fees were ¥716 million, up 114.0% year on year, and beneficiary certificate fees were ¥116 million, up 93.4%. - FY2021AdvancedAnnual report
「In December, we participated as an underwriter in the IPO of BEING HOLDINGS CO.,LTD., headquartered in Ishikawa Prefecture.」
The company participated as an underwriter in the IPO of an Ishikawa-headquartered company, adding a track record in underwriting for regional companies. - FY2021AdvancedAnnual report
「Total fees received in the fiscal year under review were ¥4,912 million, up 52.2% year on year. By product, fees were ¥2,236 million from shares, up 69.7%; ¥2,325 million from bonds, up 39.7%; ¥322 million from beneficiary certificates, up 76.8%; and ¥27 million from other sources, down 55.8%.」
Fees from shares, bonds and beneficiary certificates increased, and total fees received rose 52.2%. The expansion of non-equity revenue and progress in product diversification were quantified. - FY2021-Q3AdvancedAnnual report
「In December, we participated as an underwriter in the IPO of BEING HOLDINGS CO.,LTD., headquartered in Ishikawa Prefecture. In bond sales, we continued to promote yen-denominated bonds with conversion clauses into shares of other companies and yen-denominated bonds linked to the Nikkei Stock Average, and also handled Fukui Prefectural Bonds and Hokuriku Electric Power Bonds. In investment trust sales, we handled a wide range of funds, including World New Era Equity Fund (asset growth type).」
The company participated as an underwriter in the IPO of BEING HOLDINGS CO.,LTD., headquartered in Ishikawa Prefecture. Fees from underwriting, secondary offerings and other services were ¥1,476 million, up 25.2% year on year, quantifying progress in product diversification and underwriting operations. - FY2021-Q2AdvancedAnnual report
「In bond sales, we continued to promote yen-denominated bonds with conversion clauses into shares of other companies and yen-denominated bonds linked to the Nikkei Stock Average, and also handled Fukui Prefectural Bonds. In investment trust sales, we handled a wide range of funds, including World New Era Equity Fund (asset growth type). In addition, we actively recommended regular fixed-amount investment plans and NISA accumulation accounts, seeking to expand the customer base and promote securities investment.」
The company continued diversifying its bonds and investment trusts and recommending regular fixed-amount investment plans and NISA accumulation accounts. Fees from underwriting and other services were ¥854 million, up 21.9% year on year, quantifying the expansion of non-equity revenue and underwriting operations. - FY2021-Q1WorsenedAnnual report
「In bond sales, we continued to promote yen-denominated bonds with conversion clauses into shares of other companies. Fees from underwriting, secondary offerings, solicitations to sell to specified investors and other services were ¥334 million, down 14.1% year on year.」
While continuing to promote bond sales, the company’s fees from underwriting, secondary offerings and other services declined 14.1% year on year. - FY2020AdvancedAnnual report
「In bond sales, we continued to promote yen-denominated bonds with conversion clauses into shares of other companies and yen-denominated bonds linked to the Nikkei Stock Average, and also handled Fukui Prefectural Bonds, Hokuriku Electric Power Bonds, and foreign-currency-denominated green bonds that can contribute to achieving the SDGs through investment. Fees from underwriting, secondary offerings, solicitations to sell to specified investors and other services were ¥1,664 million, up 22.0% year on year.」
The company continued diversifying its bond products and underwriting operations. Fees from underwriting and other services were ¥1,664 million, up 22.0% year on year. It also handled foreign-currency-denominated green bonds. - FY2020-Q3AdvancedAnnual report
「Fees from underwriting, secondary offerings, solicitations to sell to specified investors and other services were ¥1,179 million, up 11.0% year on year.」
The company continued selling a diverse range of bonds, investment trusts and other products, while fees from underwriting, secondary offerings and other services rose 11.0% year on year. - FY2020-Q2AdvancedAnnual report
「In the bond business, we focused on selling yen-denominated bonds with conversion clauses into shares of other companies and yen-denominated bonds linked to the Nikkei Stock Average, and also sold Fukui Prefectural Bonds and foreign-currency-denominated seasoned bonds.」
The company continued selling several bond products, and fees from underwriting, secondary offerings and other services were ¥701 million, up 1.8% year on year. - FY2020-Q1AdvancedAnnual report
「In the bond business, we focused on selling yen-denominated bonds with conversion clauses into shares of other companies and yen-denominated bonds linked to the Nikkei Stock Average, and also sold Fukui Prefectural Bonds and foreign-currency-denominated seasoned bonds. In investment trusts, we revamped the reference-price listing page on our website to improve convenience and sold a wide range of funds, including U.S. Dividend Aristocrats Equity Fund (quarterly distribution type).」
The company continued selling a diverse range of bonds and investment trusts, while fees from underwriting, secondary offerings and other services were ¥389 million, up 9.0% year on year. - FY2019WorsenedAnnual report
「In the bond business, we focused on selling yen-denominated bonds with conversion clauses into shares of other companies and yen-denominated bonds linked to the Nikkei Stock Average, and also sold Fukui Prefectural Bonds and foreign-currency-denominated seasoned bonds. In investment trusts, we sold a wide range of funds, including Robot Strategy II Global Growth Fund and Cybersecurity Equity Open. Fees from underwriting, secondary offerings, solicitations to sell to specified investors and other services were ¥1,364 million, down 8.4% year on year.」
While continuing to diversify its bonds and investment trusts and its underwriting operations, the company’s fees from underwriting, secondary offerings and other services declined 8.4% year on year, and fees received declined across all product businesses. - FY2019-Q3WorsenedAnnual report
「Fees from underwriting, secondary offerings, solicitations to sell to specified investors and other services were ¥1,061 million, down 6.6% year on year.」
While continuing its bond sales and underwriting operations, the company’s fees from underwriting, secondary offerings and other services declined 6.6% year on year. - FY2019-Q2AdvancedAnnual report
「Fees from underwriting, secondary offerings, solicitations to sell to specified investors and other services were ¥689 million, up 19.5% year on year.」
In addition to bond sales, the company joined the underwriting syndicates for public offerings by System Support Co., Ltd., headquartered in Ishikawa Prefecture, and Daido Kogyo Co., Ltd. Fees from underwriting and other services rose 19.5% year on year. - FY2019-Q1AdvancedAnnual report
「In the bond business, we focused on selling yen-denominated bonds with conversion clauses into shares of other companies and yen-denominated bonds linked to the Nikkei Stock Average, and also sold Fukui Prefectural Bonds. Fees from underwriting, secondary offerings, solicitations to sell to specified investors and other services were ¥357 million, up 25.7% year on year.」
The company focused on selling several bond products, and fees from underwriting, secondary offerings and other services rose 25.7% year on year. - FY2018AdvancedAnnual report
「Fees from underwriting, secondary offerings, solicitations to sell to specified investors and other services were ¥1,489 million, up 45.8% year on year.」
The expansion of non-equity commissions and underwriting operations was quantified as a 45.8% increase in fees from underwriting, secondary offerings and other services. - FY2018-Q3AdvancedAnnual report
「For the second offering of Japan Post Holdings shares held in September, we participated as the only underwriter among securities companies in the three Hokuriku prefectures, our core market.」
The company participated as the sole underwriter among the three Hokuriku prefectures in the second secondary offering of Japan Post shares. Fees from underwriting, secondary offerings and other services were ¥1,136 million, up 67.6% year on year, quantifying the expansion of underwriting operations. - FY2018-Q2AdvancedAnnual report
「When Japan Post Holdings shares were offered for sale for the second time in September, we were the only underwriter among securities companies in the three Hokuriku prefectures, our core market.」
The company participated as the sole underwriter among the three Hokuriku prefectures in the second secondary offering of Japan Post shares. Fees from underwriting, secondary offerings and other services were ¥576 million, up 48.8% year on year, quantifying the expansion of underwriting operations and non-equity brokerage commissions. - FY2018-Q1AdvancedAnnual report
「In addition, to meet diverse customer needs, we sold yen-denominated bonds with conversion clauses into shares of other companies and other foreign-currency-denominated bonds. In investment trusts, we sold a wide range of funds, including Global AI Fund, Mitsui Sumitomo Genki Senior Life Open, and Fine Blend.」
The company continued selling a diverse range of bonds and investment trusts. Fees from underwriting, secondary offerings and other services were ¥284 million, up 70.9% year on year, quantifying progress in expanding revenue including non-equity revenue. - FY2017AdvancedAnnual report
「When Kyushu Railway Company’s secondary offering was conducted following its listing in October, we participated as the sole underwriter among the three Hokuriku prefectures where we have an established business base.」
The company participated as the sole underwriter among the three Hokuriku prefectures in Kyushu Railway Company’s secondary offering. Fees from underwriting, secondary offerings and other services were ¥1,021 million, up 12.2% year on year. - FY2017-Q3AdvancedAnnual report
「When Kyushu Railway Company’s secondary offering was conducted following its listing in October, we participated as the sole underwriter among the three Hokuriku prefectures where we have an established business base. In addition, to meet diverse customer needs, we sold yen-denominated bonds with conversion clauses into shares of other companies, foreign-currency-denominated bonds, Fukui Prefectural Bonds, and Hokuriku Electric Power Bonds, as well as a wide range of investment trusts, including Robot Strategy Global Diversified Fund, World REIT Open, and Global Robotics Equity Fund.」
In addition to continuing to sell a diverse range of bonds and investment trusts, the company participated as the sole underwriter in the Kyushu Railway Company secondary offering among the three Hokuriku prefectures, recording a specific achievement in expanding its underwriting operations. - FY2017-Q2RestatedAnnual report
「In addition, to meet diverse customer needs, we sold yen-denominated bonds with conversion clauses into shares of other companies, as well as foreign-currency-denominated bonds and Fukui Prefectural Bonds. In investment trusts, we sold a wide range of funds, including Robot Strategy Global Diversified Fund, World REIT Open, and Asia-Oceania High Dividend Growth Stocks Open.」
The company continued selling a diverse range of bonds and investment trusts to meet customer needs. - FY2017-Q1RestatedAnnual report
「In addition, to meet diverse customer needs, we sold yen-denominated bonds with conversion clauses into shares of other companies, as well as foreign-currency-denominated bonds and Fukui Prefectural Bonds. In investment trusts, we sold a wide range of funds, including World REIT Open, Equity Index 225, and Asia-Oceania High Dividend Growth Stocks Open.」
The company continued selling a diverse range of bonds and investment trusts to meet customer needs. - FY2016First statedAnnual report
「Regarding “offering a diverse range of products,” we aim to build a business less susceptible to equity market conditions by increasing the proportion of commissions and other fees received from sources other than equity brokerage commissions. To achieve this, we will actively sell new financial products based on structures expected to grow, while also seeking to increase our underwriting of securities.」
To stabilize revenue, the company is pursuing product diversification, expansion of non-equity commissions, and growth in underwriting operations.