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Ai Partners Financial (7345) · RiskSlight decline in the concentration ratio for specific business partners, which remains high

Dependence on specific securities companies for revenue

First written in FY2021. 1 of 4 entries say "Worsened", first in FY2025. Latest entry: FY2026.

4entries
6years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2021 – FY2023WorsenedFY20252021: 120212022: 020222023: 120232024: 020242025: 120252026: 12026
Same theme, other companies
Dependence on specific business partnersA theme 36 companies write about · 38 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2025: 12 of 25 companies on the "Worse" side.

6 other companies' latest entry also says "Other".

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.
Showing 14 of the 36 companies compared. The sentences above are computed from all 36.
Full recordFilings, disclosures and news, newest first
  1. FY2026Slight decline in the concentration ratio for specific business partners, which remains highAnnual report

    「For the fiscal year ended March 2026, Rakuten Securities Co., Ltd. accounted for 53.0% of consolidated net sales and SBI Securities Co., Ltd. accounted for 26.2%, indicating a high concentration in these 2 companies.」

    The combined ratio for Rakuten Securities and SBI Securities was 79.2%, slightly down from 79.8% in the previous fiscal year, but sales concentration in the 2 companies remains high.
  2. FY2025WorsenedAnnual report

    「For the fiscal year ended March 2025, Rakuten Securities Co., Ltd. accounted for 56.3% of consolidated net sales and SBI Securities Co., Ltd. accounted for 23.5%, indicating a high concentration in these 2 companies.」

    The combined ratio for Rakuten Securities and SBI Securities was 79.8%, up from the 76.0% disclosed for the previous fiscal year. Sales concentration in specific business partners has increased.
  3. FY2023The composition of business partners has changedAnnual report

    「For the fiscal year ended March 2023, Rakuten Securities Co., Ltd. accounted for 54.0% of consolidated net sales and SBI Securities Co., Ltd. accounted for 22.0%, indicating a high concentration in these 2 companies.」

    Rakuten Securities' sales ratio rose from 48.8% in the previous disclosure to 54.0%, while SBI Securities' ratio declined from 29.0% to 22.0%. Dependence on the 2 companies continues.
  4. FY2021First statedAnnual report

    「For the fiscal year ended March 2021, Rakuten Securities Co., Ltd. accounted for 48.8% of consolidated net sales and SBI Securities Co., Ltd. accounted for 29.0%, indicating a high concentration in these 2 companies.」

    The sales ratios for Rakuten Securities and SBI Securities are presented specifically, with the impact of trading policies and contract changes identified as risks.
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Dependence on specific securities companies for revenue | Ai Partners Financial Inc. (7345) | Komori