Worth reading
62In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
379
¥ million (year-on-year increase in revenue)Wording
Definitive
How definitive the wording is.Contents of this document
Results presentationSecond quarter (interim period) of the fiscal year ending March 20278 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,305 million+19.7%
Operating profit¥91 million+2,206.4%
Ordinary income¥92 million+1,935.3%
Net income¥71 million+3,416.6%
Gross Profit Margin19.2
Operating profit margin4
Selling, general and administrative expenses¥352 million
Results for the three months of the current quarterRevenue of ¥1,147.0 million and financial products intermediary revenue of ¥1,082.4 million are shown in the graph, while the standalone three-month figures for other profit and loss items are not disclosed.
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.
- Increase in financial products intermediary revenue¥505 million
- Decrease in system usage fees¥-10 million
- Decrease in other revenue¥-115 million
- Increase in cost of sales¥-318 million
- Decrease in SG&A expenses¥26 million
New initiatives
- Strengthening business management, operational support and success support through the platform for IFA operations
- Transition to remote (free-address) contracts and consolidation and integration of existing offices
- Discontinuation of the insurance agency business by AIPコンサルタンツ, and transfer of willing IFAs to other insurance agencies with their contracts transferred
Key KPIsA metric the company considers important as a management benchmark.
- Assets under mediation (AUM)¥485,015 millionYear on year against the same period last year+20.5%
- Number of affiliated IFAs226 PeopleYear on year against the same period last year+11.0%
- Assets under mediation (AUM) per IFA¥2,146 millionYear on year against the same period last year+14.6%
- Revenue from the financial instruments intermediary business as a percentage of AUM (ROA)0.9 %
- Percentage of remote contracts45 %
Medium-term management plan targets
20% average annual AUM growthMarket Size / Share
Independent FAs as a percentage of all FAs in the United States: 52% by headcount and 40.7% by assets under managementNumber of stores and locations
Number at period-end19 sites
Number of employees
Number of Employees51 People
| Item | Details |
|---|---|
| Document type | Results presentation |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending March 2027 |
| Net Sales | ¥2,305 million (YoY +19.7%) |
| Operating profit | ¥91 million (YoY +2,206.4%) |
| Ordinary income | ¥92 million (YoY +1,935.3%) |
| Net income | ¥71 million (YoY +3,416.6%) |
| Gross Profit Margin | 19.2 |
| Operating profit margin | 4 |
| Selling, general and administrative expenses | ¥352 million |
| Results for the three months of the current quarter | Revenue of ¥1,147.0 million and financial products intermediary revenue of ¥1,082.4 million are shown in the graph, while the standalone three-month figures for other profit and loss items are not disclosed. |
| Self-assessment against the plan | Increased as planned |
| Breakdown of Factors Affecting the Change | Factors Increase in financial products intermediary revenue / Amount ¥505 million, Factors Decrease in system usage fees / Amount ¥-10 million, Factors Decrease in other revenue / Amount ¥-115 million, Factors Increase in cost of sales / Amount ¥-318 million, Factors Decrease in SG&A expenses / Amount ¥26 million |
| Key KPIs | Indicator name Assets under mediation (AUM) / Value ¥485,015 million / Year on year against the same period last year ¥20.5 million, Indicator name Number of affiliated IFAs / Value 226 People / Year on year against the same period last year 11 People, Indicator name Assets under mediation (AUM) per IFA / Value ¥2,146 million / Year on year against the same period last year ¥14.6 million, Indicator name Revenue from the financial instruments intermediary business as a percentage of AUM (ROA) / Value 0.9 % / Year on year against the same period last year Not disclosed, Indicator name Percentage of remote contracts / Value 45 % / Year on year against the same period last year Not disclosed |
| Number of stores and locations | Number at period-end 19 sites / Number of store openings and closures during the period Not disclosed |
| Number of employees | Number of Employees 51 People / Changes and hiring plans during the period Not disclosed |
| Medium-term management plan targets | 20% average annual AUM growth |
| Market Size / Share | Independent FAs as a percentage of all FAs in the United States: 52% by headcount and 40.7% by assets under management |
| New initiatives | Strengthening business management, operational support and success support through the platform for IFA operations, Transition to remote (free-address) contracts and consolidation and integration of existing offices, Discontinuation of the insurance agency business by AIPコンサルタンツ, and transfer of willing IFAs to other insurance agencies with their contracts transferred |
Items this document does not state (13)
Full-year earnings forecastProgress against full-year forecastSegment resultsUnit price and quantity metricsAssumptions 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.The company attributes the increase in revenue to the planned growth in AUM and the contribution from generally favourable market conditions. Other revenue declined following the end of the solicitation of new insurance contracts in the insurance agency business, while selling, general and administrative expenses decreased due to lower personnel costs related to the insurance agency business and lower rent and other expenses following the consolidation and closure of offices.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.