Worth reading
49Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
291
¥ million (year-on-year increase in consolidated net sales)Wording
Definitive
How definitive the wording is.Contents of this document
Financial results presentationFirst quarter of the fiscal year ending March 20277 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,158 million+33.6%
Operating profit¥48 million
Ordinary income¥47 million
Net income¥36 million
Selling, general and administrative expenses¥177 million
Gross Profit Margin
Rate19.5%
Operating profit margin
Rate4.2%
Results for the three months of the current quarter
Net Sales
¥1,158 million
Gross profit
¥225 million
Operating profit
¥48 million
Ordinary income
¥47 million
Net income
¥36 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Increased as plannedBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Assets under mediation (AUM)Year on year against the same period last yearUp 27.8%
- Generally favorable market conditions
- End of solicitation for new insurance contracts and closure of the insurance agency business
- Decrease in SG&A expensesDown ¥11 million
New initiatives
- AIPコンサルタンツ stopped handling new insurance solicitations at the end of March 2026 and closed its insurance agency business at the end of June 2026
- Transition to remote (free-address) contracts and consolidation and integration of existing offices
- Digital transformation of IFA support operations and centralized management at the Yokohama head office
Key KPIsA metric the company considers important as a management benchmark.
- Number of affiliated IFAs216 peopleYear on year against the same period last yearUp 4
- Assets under mediation (AUM)¥478,343 millionYear on year against the same period last yearUp 27.8%
- Assets under mediation (AUM) per IFA¥2,214 millionYear on year against the same period last yearUp 25.4%
- Revenue from the financial instruments intermediary business as a percentage of AUM (ROA)Around 1.0% (0.96% as shown in the chart)Year on year against the same period last yearUnchanged from the previous period
- Percentage of remote contracts41 %
Medium-term management plan targets
Target value20% average annual AUM growth
Comparison with actual resultsAUM increased 27.8% year on year, exceeding the target level
Market Size / Share
Figures
- Independent FAs as a percentage of all FAs in the United States, by number of people: 52%
- Independent FAs as a percentage of all FAs in the United States, by assets under management: 40.7%
Number of stores and locations
End of period19 locations nationwide
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥1,158 million (YoY +33.6%) |
| Operating profit | ¥48 million |
| Ordinary income | ¥47 million |
| Net income | ¥36 million |
| Gross Profit Margin | Rate 19.5% / Year-on-year change (points) Not disclosed |
| Operating profit margin | Rate 4.2% / Year-on-year change (points) Not disclosed |
| Selling, general and administrative expenses | ¥177 million |
| Results for the three months of the current quarter | Net Sales ¥1,158 million / Gross profit ¥225 million / Operating profit ¥48 million / Ordinary income ¥47 million / Net income ¥36 million |
| Self-assessment against the plan | Increased as planned |
| Breakdown of Factors Affecting the Change | Factors Assets under mediation (AUM) / Amount Not disclosed / Year on year against the same period last year Up 27.8%, Factors Generally favorable market conditions / Amount Not disclosed, Factors End of solicitation for new insurance contracts and closure of the insurance agency business / Amount Not disclosed, Factors Decrease in SG&A expenses / Amount Down ¥11 million |
| Key KPIs | Indicator name Number of affiliated IFAs / Value 216 people / Year on year against the same period last year Up 4, Indicator name Assets under mediation (AUM) / Value ¥478,343 million / Year on year against the same period last year Up 27.8%, Indicator name Assets under mediation (AUM) per IFA / Value ¥2,214 million / Year on year against the same period last year Up 25.4%, Indicator name Revenue from the financial instruments intermediary business as a percentage of AUM (ROA) / Value Around 1.0% (0.96% as shown in the chart) / Year on year against the same period last year Unchanged from the previous period, Indicator name Percentage of remote contracts / Value 41 % / Year on year against the same period last year Not disclosed |
| Number of stores and locations | End of period 19 locations nationwide / Number of store openings and closures during the period Not disclosed |
| Medium-term management plan targets | Target value 20% average annual AUM growth / Target fiscal year Not disclosed / Comparison with actual results AUM increased 27.8% year on year, exceeding the target level |
| Market Size / Share | Figures Independent FAs as a percentage of all FAs in the United States, by number of people: 52%, Independent FAs as a percentage of all FAs in the United States, by assets under management: 40.7% |
| New initiatives | AIPコンサルタンツ stopped handling new insurance solicitations at the end of March 2026 and closed its insurance agency business at the end of June 2026, Transition to remote (free-address) contracts and consolidation and integration of existing offices, Digital transformation of IFA support operations and centralized management at the Yokohama head office |
Items this document does not state (14)
Full-year earnings forecastProgress against full-year forecastSegment resultsUnit price and quantity metricsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey 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.Assets under mediation (AUM) increased as planned, providing a foundation for growth, while generally favorable market conditions also contributed. SG&A expenses declined due to lower personnel expenses related to the insurance agency business and reduced rent and other costs following the consolidation and closure of offices. Meanwhile, other revenue and system usage fees related to the insurance agency business declined following the end of solicitation for new insurance contracts and the closure of the insurance agency business.
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