Komori
Toyo Securities (8614) · RiskWorsened

Risk of a Decline in the Capital Adequacy Ratio

First written in FY2016. 18 of 36 entries say "Mitigated", first in FY2017-Q1. Latest entry: FY2026.

36entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorse2016: 320162017: 420172018: 420182019: 420192020: 420202021: 420212022: 420222023: 220232024: 320242025: 220252026: 22026
Same theme, other companies
Risk of constraints on financial business due to a decline in the net capital ratioA theme 22 companies write about · 21 as a headwind · 0 as a tailwind

Toyo Securities moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).

The whole theme swung hardest in 2025: 4 of 14 companies on the "Worse" side.

3 other companies' latest entry also says "Worsened".

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 22 companies compared. The sentences above are computed from all 22.
Full recordFilings, disclosures and news, newest first
  1. FY2026WorsenedAnnual report

    「The Company's solvency margin ratio was 388.6% as of the end of March 2026. We believe it is unlikely to fall below 120%.」

    The solvency margin ratio declined to 388.6% from 394.7% at the end of the previous fiscal year. However, the explanation that it remains well above the regulatory threshold of 120% continues to be provided.
  2. 2026-04-28WorsenedRevisions to the earnings forecast

    「Capital adequacy ratio (D)/(E) × 100 (%) 394.7 388.6」

    The capital adequacy ratio declined from 394.7% at the end of the previous fiscal year to 388.6% at the end of the current fiscal year.
  3. FY2026-H1WorsenedAnnual report

    「Solvency margin ratio (%) (D)/(E)×100 639.3 418.4」

    The solvency margin ratio declined to 418.4% from 639.3% in the interim period of the previous fiscal year. Meanwhile, it rose from 394.7% at the end of the previous fiscal year and remains above the regulatory thresholds of 120% and 100%.
  4. FY2025WorsenedAnnual report

    「The Company's solvency margin ratio was 394.7% as of the end of March 2025. We believe it is unlikely to fall below 120%.」

    The solvency margin ratio fell sharply to 394.7% from 614.0% at the end of the previous fiscal year. However, the explanation that it remains well above the regulatory threshold of 120% continues to be provided.
  5. FY2025-H1MitigatedAnnual report

    「Solvency margin ratio (%) 635.8 634.2」

    The solvency margin ratio was 634.2%, compared with 635.8% in the interim period of the previous fiscal year, remaining well above the regulatory thresholds of 120% and 100%.
  6. FY2024WorsenedAnnual report

    「The Company's solvency margin ratio was 614.0% as of the end of March 2024, and it has not fallen below 500% at any month-end during the past 5 years. We believe it is unlikely to fall below 120%.」

    The solvency margin ratio declined to 614.0% from 624.7% at the end of the previous fiscal year. Meanwhile, the explanation that it remains well above 500% and the regulatory threshold of 120% continues to be provided.
  7. FY2024-Q3MitigatedAnnual report

    「Solvency margin ratio (%) 571.4 631.1」

    The solvency margin ratio rose to 631.1% from 571.4% in the same quarter of the previous fiscal year and remains well above the regulatory thresholds of 120% and 100%.
  8. FY2024-Q2MitigatedAnnual report

    「Solvency margin ratio (%) 571.5 635.8」

    The solvency margin ratio rose to 635.8% from 571.5% in the same quarter of the previous fiscal year and remains well above the regulatory thresholds of 120% and 100%.
  9. FY2024-Q1MitigatedAnnual report

    「Solvency margin ratio (%) 576.1 631.6」

    The solvency margin ratio rose to 631.6% from 576.1% in the same quarter of the previous fiscal year and remains well above the regulatory thresholds of 120% and 100%.
  10. FY2023-Q2WorsenedAnnual report

    「Solvency margin ratio (%) 610.5 571.5」

    The solvency margin ratio declined to 571.5% from 610.5% in the same quarter of the previous fiscal year. However, it remains well above the regulatory threshold.
  11. FY2023-Q1WorsenedAnnual report

    「Solvency margin ratio (%) 600.1 576.1」

    The solvency margin ratio declined to 576.1% from 600.1% in the same quarter of the previous fiscal year. However, it remains well above the regulatory threshold.
  12. FY2022WorsenedAnnual report

    「The Company's solvency margin ratio was 571.6% as of the end of March 2022, and it has not fallen below 500% at any month-end during the past 5 years. We believe it is unlikely to fall below 120%.」

    The solvency margin ratio declined to 571.6% from 605.1% at the end of the previous fiscal year. However, it remains well above 500% and the regulatory threshold of 120%.
  13. FY2022-Q3MitigatedAnnual report

    「Solvency margin ratio (%) 563.6 613.1」

    The solvency margin ratio rose to 613.1% from 563.6% in the same quarter of the previous fiscal year and remains well above the regulatory threshold.
  14. FY2022-Q2MitigatedAnnual report

    「Solvency margin ratio (%) 587.4 610.5」

    The solvency margin ratio rose to 610.5% from 587.4% in the same quarter of the previous fiscal year and remains well above the regulatory threshold.
  15. FY2022-Q1MitigatedAnnual report

    「Solvency margin ratio (%) 573.9 600.1」

    The solvency margin ratio rose to 600.1% from 573.9% in the same quarter of the previous fiscal year and remains well above the regulatory threshold.
  16. FY2021MitigatedAnnual report

    「The Company's solvency margin ratio was 605.1% as of the end of March 2021, and it has not fallen below 500% at any month-end during the past 5 years. We believe it is unlikely to fall below 120%.」

    The solvency margin ratio rose to 605.1% from 597.4% at the end of the previous fiscal year, and the explanation that it had not fallen below 500% during the past 5 years continues to be provided.
  17. FY2021-Q3WorsenedAnnual report

    「Solvency margin ratio (%) 569.7 563.6」

    The solvency margin ratio declined to 563.6% from 569.7% in the same quarter of the previous fiscal year. However, it remains well above the regulatory threshold.
  18. FY2021-Q2MitigatedAnnual report

    「Solvency margin ratio (%) D/(E)×100 584.7 587.4」

    The solvency margin ratio rose to 587.4% from 584.7% in the same quarter of the previous fiscal year and remains well above the regulatory threshold.
  19. FY2021-Q1WorsenedAnnual report

    「Solvency margin ratio (%) 603.4 573.9」

    The solvency margin ratio declined to 573.9% from 603.4% in the same quarter of the previous fiscal year. However, it remains well above the regulatory threshold.
  20. FY2020MitigatedAnnual report

    「The Company's solvency margin ratio was 597.4% as of the end of March 2020, and it has not fallen below 500% at any month-end during the past 5 years. We believe it is unlikely to fall below 120%.」

    The solvency margin ratio rose to 597.4% from 582.8% at the end of the previous fiscal year, and an explanation was added that it had not fallen below 500% during the past 5 years.
  21. FY2020-Q3WorsenedAnnual report

    「Solvency margin ratio (%) 587.8 569.7」

    The solvency margin ratio declined to 569.7% from 587.8% in the same quarter of the previous fiscal year. However, it remains well above the regulatory threshold.
  22. FY2020-Q2WorsenedAnnual report

    「Solvency margin ratio (%) 584.7」

    The solvency margin ratio declined to 584.7% from 635.3% in the same quarter of the previous fiscal year. It remains well above the regulatory threshold.
  23. FY2020-Q1MitigatedAnnual report

    「Solvency margin ratio (%) 632.0 603.4」

    The solvency margin ratio was 603.4%, up from 582.8% at the end of the previous fiscal year. It remains well above the regulatory threshold.
  24. FY2019WorsenedAnnual report

    「The Company's solvency margin ratio was 582.8% as of the end of March 2019. When the solvency margin ratio falls below 120%,」

    The solvency margin ratio declined to 582.8% from 633.2% at the end of the previous fiscal year. However, it remains well above the regulatory thresholds of 120% and 100%.
  25. FY2019-Q3WorsenedAnnual report

    「Solvency margin ratio (%) 587.8」

    The solvency margin ratio was 587.8%, down from 635.3% at the end of the previous quarter. However, it remains well above the regulatory threshold.
  26. FY2019-Q2MitigatedAnnual report

    「Solvency margin ratio (%) 635.3」

    The solvency margin ratio was 635.3%, compared with 633.2% at the end of the previous fiscal year and 638.2% in the second quarter of the previous fiscal year, remaining well above the regulatory threshold.
  27. FY2019-Q1WorsenedAnnual report

    「Solvency margin ratio (%) 632.0」

    The solvency margin ratio declined to 632.0% from 633.2% at the end of the previous fiscal year. However, it remains well above the regulatory threshold.
  28. FY2018MitigatedAnnual report

    「The Company's capital adequacy ratio was 633.2% as of 31 March 2018. If the ratio falls below 120%, the Prime Minister may order a financial instruments business operator to change the method by which it conducts its business. If it falls below 100%, the Prime Minister may order the suspension of business for a period of no more than 3 months,」

    The capital adequacy ratio was 633.2%, above the 631.5% at the end of the previous consolidated fiscal year and well above the regulatory thresholds of 120% and 100%.
  29. FY2018-Q3MitigatedAnnual report

    「Capital adequacy ratio (%) 648.3」

    The capital adequacy ratio increased from 638.2% at the end of the previous quarter to 648.3%, remaining well above the regulatory thresholds.
  30. FY2018-Q2MitigatedAnnual report

    「Capital adequacy ratio (%) 638.2」

    The capital adequacy ratio was 638.2%, up from 629.3% at the end of the previous quarter. It remained well above the regulatory thresholds.
  31. FY2018-Q1WorsenedAnnual report

    「Capital adequacy ratio (%) 629.3」

    The capital adequacy ratio was 629.3%, down from 631.5% at the end of the previous consolidated fiscal year. However, it remained well above the regulatory thresholds.
  32. FY2017MitigatedAnnual report

    「The Company's capital adequacy ratio was 631.5% as of 31 March 2017. If the ratio falls below 120%,」

    The capital adequacy ratio was 631.5%, above both the 593.6% at the end of the previous consolidated fiscal year and the 618.8% at the end of the third quarter.
  33. FY2017-Q3MitigatedAnnual report

    「Capital adequacy ratio (%) 618.8」

    The capital adequacy ratio increased from 610.9% at the end of the previous quarter to 618.8%, improving from the immediately preceding quarter.
  34. FY2017-Q2WorsenedAnnual report

    「Capital adequacy ratio (%) 610.9」

    The capital adequacy ratio declined from 627.0% at the end of the previous quarter to 610.9%. However, it remained above the 593.6% recorded at the end of the previous consolidated fiscal year.
  35. FY2017-Q1MitigatedAnnual report

    「Capital adequacy ratio (%) 627.0」

    The capital adequacy ratio at the end of the quarter was 627.0%, up from 593.6% at the end of the previous consolidated fiscal year.
  36. FY2016First statedAnnual report

    「The Company's capital adequacy ratio was 593.6% as of 31 March 2016. If the ratio falls below 120%, the Prime Minister may order a financial instruments business operator to change the method by which it conducts its business. If it falls below 100%, the Prime Minister may order the suspension of business for a period of no more than 3 months. In addition, if the ratio remains below 100% 3 months after a business suspension order and there is no prospect of recovery, the registration of the financial instruments business operator may be revoked.」

    The period-end ratio was 593.6%, with regulatory thresholds of 120% and 100% specified.
Moved together

"Earnings fluctuations due to volatility in domestic and overseas financial markets" moved the same way as this thread, in the same document, in 15 of its 36 moves.

15141311109★123456
  1. ★This thread
  2. 1Earnings fluctuations due to volatility in domestic and overseas financial markets15×
  3. 2Securing stable revenue through net growth in mutual fund assets under custody14×
  4. 3Market Price Fluctuation Risk in Proprietary Trading13×
  5. 4Business Model Transformation11×
  6. 5Dependence on Intermittent and Uncertain Customer Transactions10×
  7. 6Liquidity Risk Related to Funding9×

★ 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
Toyo Securities's next results are scheduled for 2026-10-29. Read the earnings preview It last moved in the Revisions to the earnings forecast of 2026-04-28: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Risk of a Decline in the Capital Adequacy Ratio | TOYO SECURITIES CO.,LTD. (8614) | Komori