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Japan Securities Finance (8511) · FactWorsenedLatest Earnings (2026-08-06): "Mitigated"

Large Total Assets and Equity Ratio

First written in FY2017-Q1. 24 of 36 entries say "Worsened", first in FY2017. Latest entry: 2026-08-06.

36entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseWorsenedFY2018-Q2 – FY2020WorsenedFY2021-Q3 – FY2023-Q22016: 220162017: 420172018: 420182019: 320192020: 420202021: 420212022: 320222023: 420232024: 320242025: 220252026: 32026
Same theme, other companies
Increase in Total Assets and Decline in Equity RatioA theme 7 companies write about · 6 as a headwind · 0 as a tailwind

Japan Securities Finance moved to the "Worse" side of this theme in 2017.

The whole theme swung hardest in 2025: 1 of 7 companies on the "Worse" side.

1 other company's latest entry also says "Mitigated".

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. 2026-08-06MitigatedEarnings

    「First quarter of fiscal year ending March 2027 14,351,220 140,671 1.0」

    Total assets declined from ¥15.5186 trillion at the previous fiscal year-end to ¥14.3512 trillion, while the equity ratio rose from 0.9% to 1.0%. The structure of a low equity ratio against a large asset base remains, but the ratio improved during the quarter.
  2. FY2026WorsenedAnnual report

    「Total assets (¥ millions) 13,769,589 15,518,633 Equity ratio (%) 0.97 0.89」

    Total assets expanded from ¥13.7695 trillion at the end of the previous fiscal year to ¥15.5186 trillion, while the equity ratio declined from 0.97% to 0.89%. The structure of large total assets and a low equity ratio deteriorated.
  3. 2026-05-14WorsenedEarnings

    「Fiscal year ending March 2026 15,518,633 137,494 0.9 1,698.06」

    Total assets increased to ¥15.5186 trillion and the equity ratio was 0.9%. The structural feature of a low equity ratio against a large asset base continued.
  4. FY2026-H1WorsenedAnnual report

    「Total assets (¥ millions) 12,505,834 15,500,488 13,769,589 Equity ratio (%) 1.12 0.88 0.97」

    Total assets increased from ¥13.7695 trillion at the end of the previous fiscal year to ¥15.5005 trillion, while the equity ratio declined from 0.97% to 0.88%. The structure of large total assets and a low equity ratio deteriorated.
  5. FY2025WorsenedAnnual report

    「Equity ratio (%) 1.11 0.97 0.97 1.05 0.97」

    Total assets increased to ¥13.7695 trillion from the end of the previous fiscal year, while the equity ratio declined from 1.05% to 0.97%. The structure of large total assets and a low equity ratio deteriorated again.
  6. FY2025-H1MitigatedAnnual report

    「Total assets (¥ millions) 16,271,887 12,505,834 13,744,765 Equity ratio(%) 0.87 1.12 1.05」

    Total assets decreased from ¥13.744765 trillion at the end of the previous consolidated fiscal year to ¥12.505834 trillion, while the equity ratio rose from 1.05% to 1.12%. The structure of large total assets and a low equity ratio remains in place, but the ratio improved during the interim period.
  7. FY2024MitigatedAnnual report

    「Total assets ¥ millions 9,814,494 12,136,229 14,168,656 14,056,217 13,744,765 Equity ratio(%) 1.29 1.11 0.97 0.97 1.05」

    Total assets decreased from ¥14.0562 trillion at the end of the previous fiscal year to ¥13.744765 trillion, while the equity ratio rose from 0.97% to 1.05%. The structure of large total assets and a low equity ratio remains in place, but the current fiscal year showed a contraction in the asset base and an improvement in the ratio.
  8. FY2024-Q3WorsenedAnnual report

    「Total assets (¥ millions) 13,523,609 16,802,503 14,056,217 Equity ratio (%) 1.00 0.84 0.97」

    Total assets will expand to ¥16.8025 trillion, while the equity ratio will decline to 0.84% from 0.97% at the end of the previous fiscal year. This further highlights the financial structure of large total assets and a low equity ratio.
  9. FY2024-Q2WorsenedAnnual report

    「Equity ratio (%) 0.91 0.87 0.97」

    Total assets increased by ¥2.2156 trillion year on year to ¥16.2718 trillion, while the equity ratio declined to 0.87% from 0.97% at the end of the previous fiscal year. This further highlights the financial structure of large total assets and a low equity ratio.
  10. FY2024-Q1Shrinking asset base and higher equity ratioAnnual report

    「At the end of the first quarter of the current consolidated fiscal year (30 June 2023), total assets were ¥13.9813 trillion, down ¥74.9 billion from the end of the previous consolidated fiscal year. Total liabilities were ¥13.842 trillion, down ¥78.4 billion, and total net assets were ¥139.2 billion, up ¥3.5 billion.」

    Total assets decreased from ¥14.0562 trillion to ¥13.9813 trillion, while the equity ratio rose from 0.97% at the end of the previous fiscal year to 1.00%. The structure of large total assets and a low equity ratio remains in place.
  11. FY2023Full-year contraction in asset base and flat equity ratioAnnual report

    「Total assets were ¥14.0562 trillion, down ¥112.4 billion from the end of the previous consolidated fiscal year. Total liabilities were ¥13.9204 trillion, down ¥110.1 billion, and total net assets were ¥135.7 billion, down ¥2.2 billion.」

    Total assets decreased by ¥112.4 billion year on year to ¥14.0562 trillion. The equity ratio was 0.97%, unchanged from the end of the previous fiscal year, and the structure of large total assets and a low equity ratio remains in place.
  12. FY2023-Q3Shrinking asset base and modest increase in equity ratioAnnual report

    「Equity ratio(%) 1.01 1.00 0.97」

    Total assets decreased to ¥13.5236 trillion from ¥14.1686 trillion at the end of the previous fiscal year, while the equity ratio rose modestly to 1.00% from 0.97%. The financial structure of large total assets and a low equity ratio remains in place.
  13. FY2023-Q2WorsenedAnnual report

    「Equity ratio (%) 1.03 0.91 0.97」

    Total assets will expand to ¥15.0594 trillion, while the equity ratio will decline to 0.91% from 0.97% at the end of the previous fiscal year. This further highlights the financial structure of large total assets and a low equity ratio.
  14. FY2023-Q1WorsenedAnnual report

    「Equity ratio (%) 1.07 0.96 0.97」

    Total assets will expand to ¥14.263 trillion, while the equity ratio will decline to 0.96% from 0.97% at the end of the previous fiscal year, further highlighting the financial structure of large total assets and a low equity ratio.
  15. FY2022-Q3WorsenedAnnual report

    「Equity ratio (%) 1.29 1.01 1.11」

    Total assets increased to ¥13,452,000 million, while the equity ratio declined to 1.01% from 1.11% at the end of the previous fiscal year. The low equity ratio relative to large total assets was further evident.
  16. FY2022-Q2WorsenedAnnual report

    「Equity ratio (%) 1.40 1.03 1.11」

    Total assets increased to ¥13,355,000 million, while the equity ratio declined to 1.03% from 1.11% at the end of the previous fiscal year. The low equity ratio relative to large total assets was further evident.
  17. FY2022-Q1WorsenedAnnual report

    「Equity ratio (%) 1.29 1.07 1.11」

    Total assets increased to ¥12,533,000 million, up ¥396,800 million from the end of the previous consolidated fiscal year, while the equity ratio declined to 1.07% from 1.11% at the end of the previous fiscal year.
  18. FY2021WorsenedAnnual report

    「Equity ratio (%) 3.01 2.90 2.66 1.29 1.11」

    Total assets increased to ¥12,136,200 million, while the equity ratio declined to 1.11% from 1.29% in the previous period. The low equity ratio relative to large total assets was further evident.
  19. FY2021-Q3WorsenedAnnual report

    「Equity ratio (%) 1.75 1.29 1.29」

    Total assets increased to ¥10,160,500 million and the equity ratio was 1.29%. It declined from 1.40% at the end of the previous quarter, indicating a low equity ratio relative to large total assets.
  20. FY2021-Q2RestatedAnnual report

    「Equity ratio (%) 1.93 1.40 1.29」

    Total assets were large at ¥9,246,600 million and the equity ratio was low at 1.40%. Assets declined from the end of the previous fiscal year and the equity ratio rose slightly, but the financial structure continued.
  21. FY2021-Q1RestatedAnnual report

    「Equity ratio (%) 2.35 1.29 1.29」

    Total assets remained large at ¥9,732,300 million, and the equity ratio remained low at 1.29%, at the same level as at the end of the previous consolidated fiscal year.
  22. FY2020WorsenedAnnual report

    「Equity ratio (%) 4.37 3.01 2.90 2.66 1.29」

    Total assets increased to ¥9,814,400 million, while the equity ratio declined to 1.29% from 2.66% in the previous period, further indicating a low equity ratio relative to large total assets.
  23. FY2020-Q3WorsenedAnnual report

    「Equity ratio (%) 2.87 1.75 2.66」

    Total assets increased to ¥8,091,000 million, while the equity ratio fell to 1.75%, below both the 2.66% at the end of the previous consolidated fiscal year and the 2.87% in the same period of the previous year, further indicating a low equity ratio relative to large total assets.
  24. FY2020-Q2WorsenedAnnual report

    「Equity ratio (%) 2.63 1.93 2.66」

    Total assets increased to ¥7,252,200 million, while the equity ratio declined to 1.93% from 2.66% at the end of the previous consolidated fiscal year, further indicating a low equity ratio relative to large total assets.
  25. FY2020-Q1WorsenedAnnual report

    「Total assets ¥5,953,155 million Equity ratio (%) 2.35」

    Total assets increased to ¥5,953,100 million, while the equity ratio declined to 2.35% from 2.66% at the end of the previous consolidated fiscal year, further indicating a low equity ratio relative to large total assets.
  26. FY2019-Q3WorsenedAnnual report

    「Equity ratio (%) 2.92 2.87 2.90」

    Total assets were ¥4,896,400 million and the equity ratio was 2.87%. This was below the 2.90% at the end of the previous fiscal year, and the structure of large total assets and a low equity ratio continued.
  27. FY2019-Q2WorsenedAnnual report

    「Total assets ¥5,460,926 million」

    Total assets increased to ¥5,460,900 million, while the equity ratio declined to 2.63% from 2.90% at the end of the previous fiscal year, further indicating a low equity ratio relative to large total assets.
  28. FY2019-Q1WorsenedAnnual report

    「Equity ratio (%) 3.12 2.69 2.90」

    Total assets increased to ¥5,339,400 million, while the equity ratio declined to 2.69% from 2.90% at the end of the previous fiscal year. The low equity ratio relative to large total assets was further evident.
  29. FY2018WorsenedAnnual report

    「Equity ratio (%) 3.45 3.94 4.37 3.01 2.90」

    Total assets increased to ¥4,960,900 million, while the equity ratio declined to 2.90% from 3.01% in the previous period. The low equity ratio relative to large total assets was further evident.
  30. FY2018-Q3WorsenedAnnual report

    「Equity ratio (%) 3.39 2.92 3.01」

    Total assets increased to ¥4,926,880 million, while the equity ratio declined to 2.92% from 3.01% at the end of the previous fiscal year, indicating a decline in the equity ratio relative to large total assets.
  31. FY2018-Q2WorsenedAnnual report

    「Total assets (¥ millions) 3,328,200 4,835,853 4,645,051」

    Total assets increased to ¥4,835,853 million, while the equity ratio declined to 2.94% from 3.01% at the end of the previous fiscal year, indicating a decline in the equity ratio relative to large total assets.
  32. FY2018-Q1RestatedAnnual report

    「Total assets (¥ millions) 3,561,063 4,525,026 4,645,051」

    Total assets were ¥4,525,026 million and the equity ratio was 3.11%, indicating that the financial structure of large total assets and a low equity ratio has continued. The equity ratio rose slightly from 3.01% at the end of the previous fiscal year.
  33. FY2017WorsenedAnnual report

    「Equity ratio (%) 3.45 3.45 3.94 4.37 3.01」

    Total assets increased to ¥4,645,000 million, while the equity ratio fell to 3.01% from 4.37% in the previous period. The structure of large total assets and a low equity ratio is more clearly evident.
  34. FY2017-Q3RestatedAnnual report

    「Total assets (¥ millions) 4,146,713」

    The company continued to have a financial structure characterized by large total assets of ¥4,146,713 million and a low equity ratio of 3.39%.
  35. FY2017-Q2RestatedAnnual report

    「Total assets (¥ millions) 3,373,007 3,328,200 3,249,170」

    Total assets at the end of the second quarter were ¥3,328,200 million, and the equity ratio was 4.23%, indicating that the financial structure of large total assets and a low equity ratio has continued.
  36. FY2017-Q1First statedAnnual report

    「Total assets (¥ millions) 3,065,946 3,561,063 3,249,170」

    Total assets at the end of the quarter were ¥3,561,063 million, and the equity ratio was 3.93%.
Moved together

"Volatility in the Stock Market and International Conditions" moved the same way as this thread, in the same document, in 20 of its 36 moves.

201010333★123456
  1. ★This thread
  2. 1Volatility in the Stock Market and International Conditions20×
  3. 2Market Value Fluctuations in Securities Held10×
  4. 3Market Risk from Interest Rate, Foreign Exchange and Share Price Fluctuations10×
  5. 4Revenue base centered on the securities finance business3×
  6. 5Growth in Operating Revenue and Profit3×
  7. 6Weak performance in general lending operations for individuals and general corporate customers3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Japan Securities Finance yet. It last moved in the Earnings of 2026-08-06: "Mitigated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.