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Ai Partners Financial (7345) · RiskRestated

Commission-Free Trading in Financial Products and the Commoditization of Service Value

First written in FY2021. 3 of 4 entries say "Restated". Latest entry: FY2026.

4entries
6years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2021 – FY20262021: 120212022: 020222023: 120232024: 020242025: 120252026: 12026
Same theme, other companies
Uncertainty over offsetting revenue after financial transaction fees are eliminatedA theme 5 companies write about · 7 as a headwind · 2 as a tailwind

0 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.
Full recordFilings, disclosures and news, newest first
  1. FY2026RestatedAnnual report

    「Advances in information and communications technology and improved individual investor literacy have accelerated the commoditization of traditional service offerings provided by the securities industry, such as securities intermediation and asset management, while trading fees have increasingly diversified and been eliminated, led by major online securities companies.」

    The Group continues to disclose the elimination of trading fees on financial products and the commoditization of service value as risks.
  2. FY2025RestatedAnnual report

    「Advances in information and communications technology and improved individual investor literacy have accelerated the commoditization of traditional service offerings provided by the securities industry, such as securities intermediation and asset management, while trading fees have increasingly diversified and been eliminated, led by major online securities companies.」

    The Group continues to disclose the elimination of trading fees on financial products and the commoditization of service value as risks.
  3. FY2023RestatedAnnual report

    「Advances in information and communications technology and improved individual investor literacy have accelerated the commoditization of traditional service offerings provided by the securities industry, such as securities intermediation and asset management, while trading fees have increasingly diversified and been eliminated, led by major online securities companies.」

    The diversification and elimination of fees and the commoditization of service value continue to be identified as risks.
  4. FY2021First statedAnnual report

    「Advances in information and communications technology and improved individual investor literacy have accelerated the commoditization of traditional service offerings provided by the securities industry, such as securities intermediation and asset management, while trading fees have increasingly diversified and been eliminated, led by major online securities companies.」

    The disclosure indicates that lower fees could reduce IFA revenue, the company’s securities intermediation revenue and system usage fees.
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Commission-Free Trading in Financial Products and the Commoditization of Service Value | Ai Partners Financial Inc. (7345) | Komori