Stagnation in the growth of affiliated IFAs and cancellations
First written in FY2021. 4 of 10 entries say "Materialised", first in FY2023. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026Continued increase in the number of affiliated IFAsAnnual report
「The number of affiliated IFAs at the end of the current consolidated fiscal year was 214, up 1.4% year on year and an increase of 3.」
The number of affiliated IFAs increased from 211 at the end of the previous fiscal year to 214, continuing the increase seen in the previous fiscal year. Despite the risk of stagnant growth in IFA numbers, the actual number at the end of the fiscal year increased. - 2026-05-15MitigatedRevision of earnings forecasts
「The number of affiliated IFAs at the end of the current consolidated fiscal year was 214, up 1.4% year on year and an increase of 3.」
The number of affiliated IFAs increased from the end of the previous fiscal year, partially easing the earlier decline and stagnation. This does not indicate that the risks have been eliminated. - FY2026-H1Continued increase in the number of affiliated IFAsAnnual report
「The number of affiliated IFAs at the end of the interim consolidated accounting period under review was 215, up 1.9% from the end of the previous fiscal year, or up 4. As of the end of October, the number of affiliated IFAs was 217.」
The number of affiliated IFAs increased from 211 at the end of the previous fiscal year to 215, continuing the increase seen in the previous fiscal year. As of the end of October, the number had increased further to 217. - FY2025Reversal from a decline to an increase in affiliated IFAsAnnual report
「An increase in affiliated IFAs leads to higher consolidated revenue and is one of the Group’s important management indicators. The Group is diversifying its contract structures to match how IFAs work and seeks to increase the number of affiliated IFAs.」
The number increased from 202 at the end of the previous fiscal year to 211, reversing the declining trend seen through the previous fiscal year as of the period-end. Diversifying contract structures is presented as a measure to increase personnel. - FY2025-H1Increase at period-end followed by a decline the following monthAnnual report
「The number of affiliated IFAs at the end of the interim consolidated accounting period under review was 205, up 1.5% from the end of the previous fiscal year, or up 3. As of the end of October, the number of affiliated IFAs was 204.」
The number of affiliated IFAs increased from 202 at the end of the previous fiscal year to 205 at the end of the interim period, temporarily reversing the declining trend, but fell to 204 at the end of October. - FY2024-Q3MaterialisedAnnual report
「The number of affiliated IFAs at the end of the third quarter of the consolidated fiscal year under review was 203, down 2.4% from the end of the previous fiscal year, or down 5.」
The number of affiliated IFAs fell by 5 from 208 at the end of the previous fiscal year to 203. It also declined by 3 from 206 at the end of the previous quarter, marking a continued decrease in affiliated IFAs. - FY2024-Q2MaterialisedAnnual report
「The number of affiliated IFAs at the end of the second quarter of the consolidated fiscal year under review was 206, down 1.0% from the end of the previous fiscal year, or down 2.」
The number of affiliated IFAs decreased by 2 from the end of the previous fiscal year and by 1 from 207 at the end of the previous quarter. - FY2024-Q1MaterialisedAnnual report
「The number of affiliated IFAs at the end of the first quarter of the consolidated fiscal year under review was 207, down 0.5% from the end of the previous fiscal year, or down 1.」
The number of affiliated IFAs decreased by 1 from the end of the previous fiscal year. The text for the quarter provides no additional explanation of the reason for the decline. - FY2023MaterialisedAnnual report
「The number of affiliated IFAs declined on a net basis because challenging business conditions for IFAs continued for an extended period as market conditions strengthened investors’ risk-averse stance, leading to an increase in business closures and transfers to IFA operators with lower system usage fees or less stringent management requirements for IFAs, while new contracts declined substantially as moves to postpone contract dates became more pronounced.」
Business closures, transfers and a decline in new contracts actually occurred as challenging market conditions persisted, and the number of affiliated IFAs fell by 4 from the end of the previous fiscal year to 208. - FY2021First statedAnnual report
「However, the number of IFAs may fail to grow because awareness of IFAs does not improve, cancellations occur owing to mismatches with IFAs, competition for IFAs with other companies intensifies, or critical rumors about the Group arise.」
The number of IFAs is identified as an important management indicator, and multiple factors contributing to stagnant growth are listed.