Changes in fees received and other revenue due to stock, bond and foreign exchange market conditions
First written in FY2016. 40 of 41 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-07-31.
Maruhachi Securities 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: 12 of 20 companies on the "Worse" side.
1 other company's latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Commission income was ¥1,777 million, up 40.7% year on year. This was mainly because commission income from stock transactions was ¥1,757 million, up 42.2%.」
Against a backdrop of fluctuations in stock trading volume and market conditions, stock brokerage commissions and total brokerage commissions increased year on year, with market-dependent revenue fluctuations appearing in full-year results. - FY2026-H1MaterialisedAnnual report
「Brokerage commissions were ¥806 million, up 33.4% year on year. This was mainly due to stock brokerage commissions, which rose to ¥796 million, up 34.8%.」
Against a backdrop of fluctuations in stock trading and other activity, stock brokerage commissions increased 34.8% year on year and total brokerage commissions increased 33.4%, with revenue fluctuations driven by market conditions and trading volume appearing in actual revenue. - FY2025-H1MaterialisedAnnual report
「Brokerage commissions were ¥604 million, down 22.6% year on year. This was mainly due to stock brokerage commissions, which fell to ¥590 million, down 23.0%.」
Stock brokerage commissions declined 23.0% year on year, while total brokerage commissions declined 22.6%, meaning that fluctuations in market conditions and trading volume were actually reflected in commission income. - FY2024MaterialisedAnnual report
「Brokerage commissions were ¥1,608 million, up 22.1% year on year. This was mainly due to stock brokerage commissions, which rose to ¥1,582 million, up 28.6%.」
Against a backdrop of higher stock trading volume, stock brokerage commissions increased 28.6% year on year, making evident for the full fiscal year the risk that fluctuations in market conditions and trading volume affect commission income. - FY2024-Q3MaterialisedAnnual report
「Brokerage commissions were ¥1,109 million, up 10.6% year on year. This was mainly due to stock brokerage commissions, which rose to ¥1,087 million, up 16.8%.」
Stock brokerage commissions increased 16.8% year on year, and the impact of fluctuations in stock trading volume and market conditions on commission income continues to be evident. - FY2024-Q2MaterialisedAnnual report
「Brokerage commissions were ¥780 million, up 22.8% year on year. This was mainly due to stock brokerage commissions, which rose to ¥767 million, up 29.2%.」
Against a backdrop of higher stock trading volume, stock brokerage commissions and total brokerage commissions increased year on year, and the impact of fluctuations in market conditions and trading volume on revenue continues to be evident. - FY2024-Q1MaterialisedAnnual report
「Brokerage commissions were ¥374 million, up 27.5% year on year. This was mainly due to stock brokerage commissions, which rose to ¥366 million, up 33.2%.」
Against a backdrop of higher stock trading volume, stock brokerage commissions increased, making the impact of fluctuations in market conditions and trading volume on revenue evident. - FY2023MaterialisedAnnual report
「Brokerage commissions were ¥1,317 million, down 2.6% year on year. This was mainly due to stock brokerage commissions, which fell to ¥1,230 million, down 2.2%.」
Stock brokerage commissions declined year on year, making the risk that fluctuations in market conditions and trading volume affect commission income evident for the full fiscal year. - FY2023-Q3MaterialisedAnnual report
「Trading income was ¥536 million, down 13.2% year on year. Its breakdown was as follows. (Trading income from equities and other securities) Trading income from equities and other securities was ¥277 million, down 29.7% year on year. This was mainly due to lower revenue from transactions in foreign equities. (Trading income from bonds and other securities) Trading income from bonds and other securities was ¥258 million, up 16.3% year on year. This was mainly due to higher revenue from transactions in structured bonds.」
Trading income from equities and other securities declined due to lower revenue from foreign equity transactions, while trading income from bonds and other securities increased due to higher revenue from structured bond transactions, making revenue fluctuations by market and product evident. - FY2023-Q2MaterialisedAnnual report
「Brokerage commissions were ¥635 million, up 12.0% year on year. This was mainly due to stock brokerage commissions, which rose to ¥594 million, up 13.4%.」
While brokerage commissions increased due to higher stock brokerage commissions, investment trust sales commissions and trust fees declined, and revenue fluctuations driven by market conditions and trading volume continue to be evident. - FY2023-Q1MaterialisedAnnual report
「Brokerage commissions were ¥293 million, up 17.2% year on year. This was mainly due to stock brokerage commissions, which rose to ¥275 million, up 13.5%.」
Stock brokerage commissions increased year on year, and the impact of fluctuations in market conditions and trading volume on commission income continues to be evident. - FY2022MaterialisedAnnual report
「Brokerage commissions were ¥1,352 million, up 11.8% year on year. This was mainly due to higher stock trading volume, which led stock brokerage commissions to rise to ¥1,257 million, up 7.2%.」
Brokerage commissions increased in line with higher stock trading volume, making the impact of fluctuations in market conditions and trading volume on revenue evident for the full fiscal year. - FY2022-Q3MaterialisedAnnual report
「Brokerage commissions were ¥992 million, up 18.0% year on year. This reflected stock brokerage commissions of ¥919 million, up 13.6%, and beneficiary certificate brokerage commissions of ¥72 million, up 128.7%.」
Brokerage commissions from transactions in equities and beneficiary certificates increased, making the impact of fluctuations in market conditions and trading volume on revenue evident. - FY2022-Q2MaterialisedAnnual report
「Brokerage commissions were ¥567 million, up 14.8% year on year. This reflected stock brokerage commissions of ¥524 million, up 11.8%, and beneficiary certificate brokerage commissions of ¥43 million, up 69.2%.」
Against a backdrop of fluctuations in trading volume and other activity in equities and beneficiary certificates, brokerage commissions increased 14.8% year on year. - FY2022-Q1MaterialisedAnnual report
「Trading income was ¥185 million, down 30.2% year on year. Its breakdown was as follows. (Trading income from equities and other securities) Trading income from equities and other securities was ¥118 million, down 24.0% year on year. This was mainly due to lower revenue from transactions in foreign equities. (Trading income from bonds and other securities) Trading income from bonds and other securities was ¥67 million, down 38.9% year on year. This was due to lower revenue from foreign-currency-denominated bonds.」
Trading income from foreign equities and foreign-currency-denominated bonds declined, resulting in a 30.2% year-on-year decrease in total trading income. Fluctuations in revenue by market and product continue to be evident. - FY2021MaterialisedAnnual report
「Brokerage commissions were ¥1,209 million, up 72.0% year on year. This was mainly due to higher stock trading volume, which led stock brokerage commissions to rise to ¥1,172 million, up 76.4%.」
Higher stock trading volume drove a 76.4% year-on-year increase in stock brokerage commissions, making revenue fluctuations driven by market conditions and trading volume evident for the full fiscal year. - FY2021-Q3MaterialisedAnnual report
「Brokerage commissions were ¥841 million, up 72.6% year on year. This was mainly due to stock brokerage commissions, which rose to ¥809 million, up 72.2%.」
Against a backdrop of fluctuations in stock trading and other activity, stock brokerage commissions and total brokerage commissions increased significantly year on year, and revenue fluctuations driven by market conditions and trading volume continue to be evident. - FY2021-Q2MaterialisedAnnual report
「Stock brokerage commissions were ¥468 million, up 87.6% year on year, while total brokerage commissions, including bonds and beneficiary certificates, were ¥494 million, up 88.9%.」
Against a backdrop of higher stock trading volume, brokerage commissions increased significantly year on year, and the impact of fluctuations in market conditions and trading volume on revenue continues to be evident. - FY2021-Q1MaterialisedAnnual report
「Stock brokerage commissions were ¥234 million, up 79.9% year on year, while total brokerage commissions, including beneficiary certificates, were ¥254 million, up 87.8%.」
Against a backdrop of higher stock trading volume, brokerage commissions increased significantly year on year, and revenue fluctuations driven by market conditions and trading volume continue to be evident. - FY2020MaterialisedAnnual report
「Stock brokerage commissions were ¥664 million, up 18.9% year on year, reflecting higher stock trading volume. Total brokerage commissions, including bonds and beneficiary certificates, were ¥702 million, up 19.6%.」
Changes in stock trading volume were reflected in brokerage commissions, which increased in line with higher trading volume during the period. - FY2020-Q3MaterialisedAnnual report
「As equity trading volume increased, equity brokerage commissions were ¥470 million, up 10.0% year on year, while total brokerage commissions, including bonds and investment trust certificates, were ¥487 million, up 8.6%.」
Driven by higher stock trading volume, stock brokerage commissions and total brokerage commissions increased year on year. The impact of market conditions and trading volume on revenue continues to be evident. - FY2020-Q2MaterialisedAnnual report
「As equity trading volume declined, equity brokerage commissions were ¥249 million, down 13.3% year on year, while total brokerage commissions, including bonds and investment trust certificates, were ¥261 million, down 12.7%.」
The decline in equity trading volume led to year-on-year declines in equity brokerage commissions and total brokerage commissions, with earnings volatility driven by market conditions and trading volume continuing to materialize. - FY2020-Q1MaterialisedAnnual report
「Equity brokerage commissions were ¥130 million, down 5.5% year on year, while total brokerage commissions, including bonds and investment trust certificates, were ¥135 million, down 4.5%.」
Against a backdrop of declining equity trading volume, equity brokerage commissions and total brokerage commissions declined year on year, highlighting earnings volatility driven by market conditions and trading volume. - FY2019MaterialisedAnnual report
「As equity trading volume declined, equity brokerage commissions were ¥558 million, down 35.5% from the previous fiscal year, while total brokerage commissions, including bonds and investment trust certificates, were ¥587 million, down 34.5%.」
The decline in equity trading volume led to substantial year-on-year declines in equity brokerage commissions and total brokerage commissions, highlighting earnings volatility driven by market conditions and trading volume. - FY2019-Q3MaterialisedAnnual report
「As equity trading volume declined, equity brokerage commissions were ¥427 million, down 37.1% year on year, while total brokerage commissions, including bonds and investment trust certificates, were ¥448 million, down 35.8%.」
The decline in equity trading volume led to year-on-year declines in equity brokerage commissions and total brokerage commissions, including bonds and investment trust certificates, with earnings volatility driven by market conditions and trading volume continuing to materialize. - FY2019-Q2MaterialisedAnnual report
「As equity trading volume declined, equity brokerage commissions were ¥287 million, down 29.4% year on year, while total brokerage commissions, including bonds and investment trust certificates, were ¥299 million, down 28.9%.」
The decline in equity trading volume led to year-on-year declines in equity brokerage commissions and total brokerage commissions, including bonds and investment trust certificates, highlighting earnings volatility driven by market conditions and trading volume. - FY2019-Q1MaterialisedAnnual report
「As equity trading volume declined, equity brokerage commissions were ¥137 million, down 40.8% year on year, while total brokerage commissions, including bonds and investment trust certificates, were ¥142 million, down 41.3%.」
The decline in equity trading volume led to substantial year-on-year declines in equity brokerage commissions and total brokerage commissions, including bonds and investment trust certificates, highlighting earnings volatility driven by market conditions and trading volume. - FY2018MaterialisedAnnual report
「As equity trading volume increased amid firm equity market conditions, equity brokerage commissions were ¥867 million, up 11.5% from the previous fiscal year, while total brokerage commissions, including bonds and investment trust certificates, were ¥897 million, up 5.6%.」
Changes in equity market conditions and trading volume were reflected in brokerage commissions, which increased amid firm market conditions. - FY2018-Q3MaterialisedAnnual report
「As equity trading volume increased amid firm equity market conditions, equity brokerage commissions were ¥679 million, up 19.3% year on year, while total brokerage commissions, including bonds and investment trust certificates, were ¥699 million, up 10.0%.」
Firm equity market conditions and higher trading volume led to year-on-year increases in equity brokerage commissions and total brokerage commissions, with market-dependent earnings volatility continuing to materialize. - FY2018-Q2MaterialisedAnnual report
「As equity trading volume increased amid firm equity market conditions, equity brokerage commissions were ¥407 million, up 22.1% year on year, while total brokerage commissions, including bonds and investment trust certificates, were ¥421 million, up 10.9%.」
Changes in equity market conditions and trading volume were reflected in brokerage commissions, with equity brokerage commissions and total brokerage commissions increasing year on year amid firm market conditions. - FY2018-Q1MaterialisedAnnual report
「As equity trading volume increased amid firm equity market conditions, equity brokerage commissions were ¥232 million, up 52.9% year on year, while total brokerage commissions, including bonds and investment trust certificates, were ¥241 million, up 36.7%.」
Changes in equity market conditions and trading volume were reflected in brokerage commissions, with commission revenue increasing year on year amid firm market conditions. - FY2017MaterialisedAnnual report
「As equity trading volume declined amid weak equity market conditions from the start of the period, equity brokerage commissions were ¥777 million, down 22.1% from the previous fiscal year, while total brokerage commissions, including bonds and investment trust certificates, were ¥849 million, down 31.4%.」
The decline in equity brokerage commissions and total brokerage commissions due to weak equity market conditions and lower trading volume also materialized on a full-year basis. - FY2017-Q3MaterialisedAnnual report
「Although equity market conditions were firm from October onward, equity trading volume declined because of the impact of market conditions through September. Equity brokerage commissions were therefore ¥569 million, down 34.7% year on year, while total brokerage commissions, including bonds and investment trust certificates, were ¥635 million, down 41.3%.」
Even after market conditions strengthened from October onward, the impact of lower trading volume caused by weak market conditions through September remained, and brokerage commissions declined year on year. - FY2017-Q2MaterialisedAnnual report
「As equity trading volume declined amid weak equity market conditions, equity brokerage commissions were ¥333 million, down 52.4% year on year, while total brokerage commissions, including bonds and investment trust certificates, were ¥380 million, down 52.1%.」
Weak equity market conditions and lower trading volume led to year-on-year declines of 52.4% in equity brokerage commissions and 52.1% in total brokerage commissions, highlighting market-dependent earnings volatility. - FY2017-Q1MaterialisedAnnual report
「As equity trading volume declined amid weak equity market conditions, equity brokerage commissions were ¥152 million, down 65.8% year on year, while total brokerage commissions, including bonds and investment trust certificates, were ¥176 million, down 63.2%.」
The impact of a substantial year-on-year decline in brokerage commissions due to weak equity market conditions and lower trading volume also materialized during the quarter. - FY2016First statedAnnual report
「As equity trading volume declined amid weak equity market conditions from August onward, equity brokerage commissions were ¥997 million, down 43.5% from the previous fiscal year, while total brokerage commissions, including bonds and investment trust certificates, were ¥1,238 million, down 32.1%.」
Brokerage commissions actually declined because of weak market conditions and lower trading volume, illustrating the materialization of market-dependent earnings volatility.