Worth reading
87Important
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
3621
¥100 million (net income, full-year FY2026)Wording
Definitive
How definitive the wording is.Contents of this document
Earnings presentationFull-year FY2026 (Q4)10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥21,677 100 million +15.0%total revenues after deducting financial expenses
Ordinary income¥5,398 100 million +14.0%profit before tax, US GAAP
Net income¥3,621 100 million +6.0%net income attributable to the Company's shareholders
Results for the three months of the current quarter
Total revenue after deducting financial expenses
¥5,772 100 million
Profit before tax
¥1,077 100 million
Net income for the current fiscal year
¥739 100 million
EPS
24.34 yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Losses related to economic hedging transactions¥-29 100 million
- Losses from changes in the Company's and counterparties' credit spreads relating to derivatives¥-12 100 million
New initiatives
- Expand the business platform of the Banking division, established in April 2025
- Prepare for the implementation of deposit sweeps in FY2027
- Expand overseas businesses and the public asset management business through acquisitions
Key KPIsA metric the company considers important as a management benchmark.
- ROE10.1 %Year on year against the same period last yearIncreased from 10.0%
- Net assets under management¥136.9 trillionYear on year against the same period last yearRecord high
- Stock assets¥27.9 trillionYear on year against the same period last yearIncreased from ¥23.5 trillion at March 2025
- Total underwriting and purchase amount¥11,675 1 billion
- Cost-income ratio (Wholesale Division)83 %Year on year against the same period last yearDeclined from 84%
- Revenue / adjusted risk-weighted assets (Wholesale division)7.4 %Year on year against the same period last yearDeclined from 7.6%
Segment results
Wealth Management
Sales
¥4,879 100 million+13.0%
Profit before tax
¥2,040 100 million+23.0%
Investment Management
Sales
¥2,585 100 million+34.0%
Profit before tax
¥883 100 million-1.0%
Wholesale segment
Sales
¥11,622 100 million+10.0%
Profit before tax
¥2,006 100 million+21.0%
Banking
Sales
¥539 100 million+14.0%
Profit before tax
¥140 100 million-14.0%
Medium-term management plan targets
Quantitative Targets under the 2030 VisionAchieved for the second consecutive fiscal year with full-year ROE of 10.1%. Specific target: not disclosed
Financial targets
ROE
Actual results10.1 %
TargetAchieved the quantitative target under the 2030 Vision
Consolidated Common Equity Tier 1 ratio
Actual results12.9 %
Consolidated total capital ratio
Actual results16.5 %
Market Size / Share
- M&A — global ranking for Japan-related transactions16 rank
- M&A — ranking for Japan-related transactions1 rank
- ECM — ranking for Japan-related transactions1 rank
Number of employees
A headcount page is listed in the table of contents, but the figure cannot be confirmed in the provided textAnnual Dividend
Annual
¥51 per share
Interim
¥27 per share
End of period
¥24 per share
Payout ratio
41 %
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Full-year FY2026 (Q4) |
| Net Sales | ¥21,677 100 million (total revenues after deducting financial expenses) (YoY +15.0%) |
| Ordinary income | ¥5,398 100 million (profit before tax, US GAAP) (YoY +14.0%) |
| Net income | ¥3,621 100 million (net income attributable to the Company's shareholders) (YoY +6.0%) |
| Results for the three months of the current quarter | Total revenue after deducting financial expenses ¥5,772 100 million / Profit before tax ¥1,077 100 million / Net income for the current fiscal year ¥739 100 million / EPS 24.34 yen |
| Segment results | Wealth Management Sales ¥4,879 100 million (YoY +13.0%) / Profit before tax ¥2,040 100 million (YoY +23.0%) / Investment Management Sales ¥2,585 100 million (YoY +34.0%) / Profit before tax ¥883 100 million (YoY -1.0%) / Wholesale segment Sales ¥11,622 100 million (YoY +10.0%) / Profit before tax ¥2,006 100 million (YoY +21.0%) / Banking Sales ¥539 100 million (YoY +14.0%) / Profit before tax ¥140 100 million (YoY -14.0%) |
| Breakdown of Factors Affecting the Change | Factors Losses related to economic hedging transactions / Amount ¥-29 100 million, Factors Losses from changes in the Company's and counterparties' credit spreads relating to derivatives / Amount ¥-12 100 million |
| Key KPIs | Indicator name ROE / Value 10.1 % / Year on year against the same period last year Increased from 10.0%, Indicator name Net assets under management / Value ¥136.9 trillion / Year on year against the same period last year Record high, Indicator name Stock assets / Value ¥27.9 trillion / Year on year against the same period last year Increased from ¥23.5 trillion at March 2025, Indicator name Total underwriting and purchase amount / Value ¥11,675 1 billion / Year on year against the same period last year Not disclosed, Indicator name Cost-income ratio (Wholesale Division) / Value 83 % / Year on year against the same period last year Declined from 84%, Indicator name Revenue / adjusted risk-weighted assets (Wholesale division) / Value 7.4 % / Year on year against the same period last year Declined from 7.6% |
| Number of employees | A headcount page is listed in the table of contents, but the figure cannot be confirmed in the provided text |
| Medium-term management plan targets | Quantitative Targets under the 2030 Vision Achieved for the second consecutive fiscal year with full-year ROE of 10.1%. Specific target: not disclosed |
| Financial targets | ROE Actual results 10.1 % / Target Achieved the quantitative target under the 2030 Vision / Consolidated Common Equity Tier 1 ratio Actual results 12.9 % / Consolidated total capital ratio Actual results 16.5 % |
| Annual Dividend | Annual ¥51 per share / Interim ¥27 per share / End of period ¥24 per share |
| Payout ratio | 41 % |
| Market Size / Share | Indicator M&A — global ranking for Japan-related transactions / Value 16 rank, Indicator M&A — ranking for Japan-related transactions / Value 1 rank, Indicator ECM — ranking for Japan-related transactions / Value 1 rank |
| New initiatives | Expand the business platform of the Banking division, established in April 2025, Prepare for the implementation of deposit sweeps in FY2027, Expand overseas businesses and the public asset management business through acquisitions |
Items this document does not state (15)
Operating profitGross Profit MarginOperating profit marginSelling, general and administrative expensesFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAcquisition 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.For the full year, results were driven by record-high profits in the Wealth Management and Wholesale divisions, growth in stock assets and recurring revenue in the Wealth Management division, and revenue growth in the Investment Management division, including its acquired businesses. In Q4, the Investment Management division recorded impairment losses on equity interests in investees, while the Other segment reported lower income from equity-method affiliates.
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.