Economic Conditions and Market Volatility Risk
First written in FY2016. 12 of 30 entries say "Materialised", first in FY2017-Q2. Latest entry: 2026-10-30.
Tokai Tokyo Financial Holdings moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2022: 13 of 21 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- FY2026Increase in Annual Fee RevenueAnnual report
「Total fees received for the consolidated fiscal year increased 17.0% to ¥48,179 million. Equity brokerage commissions increased 36.8% to ¥19,838 million, while total brokerage commissions increased 35.1% to ¥20,425 million.」
Regarding the earnings impact of fluctuations in markets and investment demand, equity brokerage commissions and fees received increased on an annual basis, with the recovery trend from the previous fiscal year continuing. - FY2026-H1Increase in Fee Revenue amid Market VolatilityAnnual report
「Equity brokerage commissions increased 9.9% to ¥8,227 million, while total brokerage commissions increased 9.0% to ¥8,510 million.」
Amid significant market volatility, equity brokerage commissions and total brokerage commissions increased year on year, with the earnings impact of fluctuations in markets and investment demand reflected as an increase. - FY2025-H1MaterialisedAnnual report
「Equity brokerage commissions decreased 7.1% to ¥7,484 million, while total brokerage commissions decreased 6.2% to ¥7,807 million.」
Regarding the earnings impact of fluctuations in markets and investment demand, equity brokerage commissions for the current interim consolidated accounting period decreased 7.1% year on year and total brokerage commissions decreased 6.2%. Meanwhile, total fees received increased 2.7% due to increases in mutual fund handling fees and other fees received. - FY2024Continued Reversal in Earnings Impact Driven by Market RecoveryAnnual report
「Total fees received for the consolidated fiscal year increased 28.3% to ¥42,239 million. Equity brokerage commissions increased 56.6% to ¥17,249 million, while total brokerage commissions increased 51.2% to ¥17,783 million.」
Against a backdrop of recovering markets and investment demand, fees received, equity brokerage commissions and total brokerage commissions increased from the previous fiscal year, with the reversal from the declining trend through the previous fiscal year continuing on an annual basis. - FY2024-Q3Continued Reversal in Earnings Impact Driven by Market RecoveryAnnual report
「Equity brokerage commissions increased 45.5% to ¥11,780 million, while total brokerage commissions increased 40.5% to ¥12,196 million.」
Regarding the earnings impact of fluctuations in markets and investment demand, equity brokerage commissions increased 45.5% year on year and total brokerage commissions increased 40.5%, with the recovery trend from the previous fiscal year continuing. - FY2024-Q2Continued Reversal in Earnings Impact Driven by Market RecoveryAnnual report
「Equity brokerage commissions increased 55.7% to ¥8,058 million, while total brokerage commissions increased 50.1% to ¥8,322 million.」
Regarding the earnings impact of fluctuations in markets and investment demand, equity brokerage commissions increased 55.7% year on year and total brokerage commissions increased 50.1%, with the recovery trend from the previous fiscal year continuing. - FY2024-Q1Reversal in Earnings Impact Driven by Market RecoveryAnnual report
「Equity brokerage commissions increased 65.1% to ¥4,147 million, while total brokerage commissions increased 59.3% to ¥4,283 million.」
Regarding the earnings impact of fluctuations in markets and investment demand, equity brokerage commissions increased 65.1% year on year and total brokerage commissions increased 59.3%, with the recovery from the declining trend through the previous fiscal year continuing. - FY2023-Q3MaterialisedAnnual report
「The Group's equity brokerage commissions decreased 21.8% to ¥8,096 million, while total brokerage commissions decreased 19.8% to ¥8,679 million.」
Market and investment-demand volatility risk was reflected in the results for the nine-month period ended 31 December as a 21.8% decline in equity brokerage commissions and a 19.8% decline in total brokerage commissions. - FY2023-Q2MaterialisedAnnual report
「Due to lower trading by individual investors, the Group's equity brokerage commissions decreased 23.1% to ¥5,174 million, while total brokerage commissions decreased 21.2% to ¥5,546 million.」
Market and investment-demand volatility risk was reflected in the results for the six-month period ended 30 September as lower trading by individual investors, a 23.1% decline in equity brokerage commissions and a 21.2% decline in total brokerage commissions. - FY2023-Q1MaterialisedAnnual report
「Due to lower trading by individual investors, the Group's equity brokerage commissions decreased 25.0% to ¥2,512 million, while total brokerage commissions decreased 22.8% to ¥2,689 million.」
Market and investment-demand volatility risk was reflected in the first-quarter results as lower trading by individual investors, a 25.0% decline in equity brokerage commissions and a 22.8% decline in total brokerage commissions. - FY2022-Q3Continued Increase in Fee Revenue from Group ExpansionAnnual report
「Although Tokai Tokyo Securities recorded a 14.3% decrease in equity brokerage trading volume to 2,098 million shares and a 5.8% decrease in equity brokerage trading value to ¥4,157.6 billion, the Group's equity brokerage commissions increased 3.2% to ¥10,347 million due to an increase in Group companies. Total brokerage commissions increased 4.4% to ¥10,817 million.」
While equity brokerage trading volume and trading value declined at the principal subsidiary, equity brokerage commissions for the Group as a whole continued to increase due to the increase in Group companies. The impact of market volatility coexisted with the earnings benefits of Group expansion. - FY2022-Q2Increase in Fee Revenue from Group ExpansionAnnual report
「Although Tokai Tokyo Securities Co., Ltd., the Company's principal subsidiary, recorded a 15.8% decrease in equity brokerage trading volume to 1,253 million shares and a 3.6% decrease in equity brokerage trading value to ¥2,669.6 billion, the Group's equity brokerage commissions increased 3.9% to ¥6,730 million due to an increase in Group companies. Total brokerage commissions increased 4.6% to ¥7,035 million.」
While equity brokerage trading volume and trading value declined at the principal subsidiary, equity brokerage commissions for the Group as a whole increased due to the increase in Group companies, with the earnings impact of market volatility reflected differently by factor. - FY2022-Q1MaterialisedAnnual report
「Tokai Tokyo Securities Co., Ltd., the Company's principal subsidiary, recorded a 16.4% decrease in equity brokerage trading volume to 655 million shares and an 8.0% decrease in equity brokerage trading value to ¥1,311.1 billion due to lower trading by individual investors. The Group's equity brokerage commissions decreased 4.1% to ¥3,350 million, while total brokerage commissions decreased 5.3% to ¥3,485 million.」
The previous trend of increases driven by market recovery through the prior fiscal year reversed, with equity brokerage trading volume, trading value and brokerage commissions declining due to lower trading by individual investors. - FY2021Continued Reversal in Earnings Impact Driven by Market RecoveryAnnual report
「Trading value by individual investors increased 26.3% to ¥1,819.7 billion, and the Group's equity brokerage commissions increased 21.0% to ¥13,531 million. Total brokerage commissions increased 13.9% to ¥13,936 million.」
Due to increased trading by individual investors, equity brokerage commissions continued to increase on an annual basis, indicating that the earnings impact of fluctuations in markets and investment demand had reversed from the decline through the previous fiscal year. - FY2021-Q3Continued Reversal in Earnings Impact Driven by Market RecoveryAnnual report
「Tokai Tokyo Securities Co., Ltd., the Company's principal subsidiary, recorded a 36.5% increase in equity brokerage trading volume to 2,449 million shares and a 44.4% increase in equity brokerage trading value to ¥4,411.8 billion due to increased trading by individual investors. The Group's equity brokerage commissions increased 22.0% to ¥10,027 million. Total brokerage commissions increased 15.0% to ¥10,364 million.」
Due to increased trading by individual investors, equity brokerage trading volume, trading value and brokerage commissions increased year on year, and the reversal in the earnings impact from the declines through the previous fiscal year continued. - FY2021-Q2Continued Reversal in Earnings Impact Driven by Market RecoveryAnnual report
「Tokai Tokyo Securities Co., Ltd., the Company's principal subsidiary, recorded a 47.2% increase in equity brokerage trading volume to 1,489 million shares and a 57.0% increase in equity brokerage trading value to ¥2,770.4 billion due to increased trading by individual investors. The Group's equity brokerage commissions increased 46.1% to ¥6,480 million. Total brokerage commissions increased 35.3% to ¥6,723 million.」
Due to increased trading by individual investors, equity brokerage trading volume, trading value and brokerage commissions increased year on year, and the reversal in the earnings impact from the declines through the previous fiscal year continued. - FY2021-Q1RestatedAnnual report
「While Tokai Tokyo Securities Co., Ltd., the Company's principal subsidiary, recorded a 66.0% increase in equity brokerage trading volume to 783 million shares and a 75.9% increase in equity brokerage trading value to ¥1,425.1 billion, trading by individual investors increased, and the Group's equity brokerage commissions rose 54.4% to ¥3,495 million. Total brokerage commissions increased 55.1% to ¥3,679 million.」
The impact on earnings from fluctuations in markets and investment demand continued to reflect increased trading by individual investors and higher brokerage commissions, indicating a reversal from the declining trend through the previous fiscal year. - FY2020Reversal in Earnings ImpactAnnual report
「Trading value by individual investors increased 19.7% to ¥1,441.0 billion, and the Group's equity brokerage commissions increased 9.5% to ¥11,181 million. Total brokerage commissions increased 14.1% to ¥12,239 million.」
Trading value by individual investors and equity brokerage commissions shifted from the declining trend through the previous fiscal year to increases. However, declines were also reported in equity brokerage trading volume and trading income, indicating mixed effects from market volatility. - FY2020-Q2MaterialisedAnnual report
「Tokai Tokyo Securities Co., Ltd., the Company's principal subsidiary, recorded a 51.7% decrease in equity brokerage trading volume to 1,011 million shares and an 18.6% decrease in equity brokerage trading value to ¥1,764.1 billion due to lower trading by individual investors. The Group's equity brokerage commissions decreased 22.1% to ¥4,436 million, while total brokerage commissions decreased 15.7% to ¥4,968 million.」
Market and investment-demand risk stemming from lower trading by individual investors was reflected in the results for the six-month period ended 30 September as a 51.7% decline in equity brokerage trading volume, an 18.6% decline in trading value and a 22.1% decline in equity brokerage commissions. - FY2019WorsenedAnnual report
「Tokai Tokyo Securities Co., Ltd., the Company's principal subsidiary, recorded a 33.0% decrease in equity brokerage trading volume to 3,193 million shares and a 22.5% decrease in equity brokerage trading value to ¥3,802.1 billion due to lower trading by individual investors. The Group's equity brokerage commissions decreased 39.8% to ¥10,211 million, while total brokerage commissions decreased 38.4% to ¥10,729 million.」
Market volatility risk associated with lower trading by individual investors was reflected in the annual results as substantial declines in equity brokerage trading volume, trading value and commissions. - FY2019-Q3WorsenedAnnual report
「Tokai Tokyo Securities Co., Ltd., the Company's principal subsidiary, recorded a 27.1% decrease in equity brokerage trading volume to 2,714 million shares and a 15.3% decrease in equity brokerage trading value to ¥3,082.6 billion due to lower trading by individual investors. The Group's equity brokerage commissions decreased 36.7% to ¥8,096 million, while total brokerage commissions decreased 34.8% to ¥8,523 million.」
Market and investment-demand risk stemming from lower trading by individual investors resulted in greater deterioration in earnings than through the previous quarter, reflected in a 15.3% decline in equity brokerage trading volume, a 36.7% decline in equity brokerage commissions and a 34.8% decline in total brokerage commissions. - FY2019-Q2MaterialisedAnnual report
「Tokai Tokyo Securities Co., Ltd., the Company's principal subsidiary, recorded a 13.1% decrease in equity brokerage trading volume to 2,094 million shares and a 4.8% decrease in equity brokerage trading value to ¥2,166.1 billion due to lower trading by individual investors. The Group's equity brokerage commissions decreased 26.8% to ¥5,698 million, while total brokerage commissions decreased 26.2% to ¥5,895 million.」
Market and investment-demand risk stemming from lower trading by individual investors continued to be reflected in the results as declines in equity brokerage trading volume, trading value and brokerage commissions. - FY2019-Q1MaterialisedAnnual report
「The Group's equity brokerage commissions decreased 24.4% to ¥3,071 million, while total brokerage commissions decreased 24.8% to ¥3,157 million.」
The adverse impact on brokerage commission income from lower trading by individual investors continued to be reflected in the results as a year-on-year decline. - FY2017-Q3MaterialisedAnnual report
「Tokai Tokyo Securities Co., Ltd., a subsidiary of the Company, recorded a 4.0% increase in equity brokerage trading volume to 3,671 million shares and a 1.4% increase in equity brokerage trading value to ¥2,953.7 billion. However, due to lower trading by individual investors, the Group's equity brokerage commissions decreased 25.7% to ¥9,136 million, and total brokerage commissions decreased 26.4% to ¥9,775 million.」
Due to lower trading by individual investors, equity brokerage commissions decreased 25.7% and total brokerage commissions decreased 26.4%, with the adverse impact on earnings from fluctuations in markets and investment demand continuing to be reflected in the results. - FY2017-Q2MaterialisedAnnual report
「Equity brokerage trading volume decreased 16.8% to 2,013 million shares, while equity brokerage trading value decreased 8.2% to ¥1,788.2 billion. As a result, the Group's equity brokerage commissions decreased 33.4% to ¥5,691 million, and total brokerage commissions decreased 32.6% to ¥6,150 million.」
The adverse impact on fee income from market conditions and lower trading by individual investors was reflected in the results as declines in equity brokerage trading volume and commissions. - FY2016First statedAnnual report
「The financial instruments business, which is the principal business of the Group, is susceptible to fluctuations in stock prices, interest rates and foreign exchange markets, as well as domestic and overseas economic conditions such as economic downturns. A decline in fee income due to lower investment demand and fluctuations in trading income could adversely affect the Group's financial position and business results.」
Market volatility, declining investment demand and fluctuations in the value of financial assets held are identified as the principal risks.