Worth reading
57In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
2000
Millions of yen (amounts of the upward revisions to the full-year forecasts for operating revenue and operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Results briefing materialsSecond quarter of the fiscal year ending March 20276 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥10,305 million+76.0%
Operating profit¥6,407 million+163.6%
Ordinary income¥6,390 million
Net income¥4,293 million+145.7%
Operating profit margin62.2 %
Selling, general and administrative expenses¥1,997 million
Results for the three months of the current quarter
Operating revenue
¥6,331 million+123.2%
Operating profit
¥4,310 million+316.8%
Ordinary income
¥4,310 million+318.9%
Profit attributable to owners of parent for the quarter
¥2,867 million+329.2%
Operating profit margin
68.1 %
Full-year earnings forecast
Operating revenue
¥17,700 million
Operating profit
¥9,000 million
Ordinary income
¥9,000 million
Profit attributable to owners of the parent
¥6,100 million
Assets under Management
¥1,500 100 million
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Operating revenue65.6 %
Operating profit91.5 %
Ordinary income91.3 %
Interim net income attributable to owners of the parent89.4 %
Target Increase in Assets Under Custody36.2 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Operating profit progress was well above expectations, while the increase in customer assets fell short of targetAssumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Continuation of the period of low volatility
- Possibility of a decline in Turkish short-term interest rates
- Annual returns are expected to revert to average levels
- Second-half revenue is expected to be forecast more conservatively than the first-half results
New initiatives
- Patents obtained for 2 proprietary technologies (Volatility Repeat and Step Slide)
- Campaign distributing a total prize pool of ¥50 million among participants making deposits and new trades
- Cashback campaign offering up to ¥3 million
- Campaign offering additional swap income on high-yield currencies
- Strengthening the media strategy through YouTube and radio
- Passkey authentication introduced to the Minna no FX foreign-exchange trading service in March 2026
Key KPIsA metric the company considers important as a management benchmark.
- Assets under Management¥1,393 100 millionChange from previous fiscal year-end+¥6.0 billion
- Number of customer open positions78,689 Million currency units
- Domestic FX Market Trading VolumeSeptember: highest level since the start of the year
- Total YouTube views1,217 10,000 plays
- Total YouTube watch time144 10,000 hours
- YouTube channel subscribers6.4 10,000 people
Market Size / Share
Domestic FX Market Trading VolumeApproximately ¥13 quadrillion (figures shown for 2024 and 2025)
Competitive comparisonComparison of changes in customer assets at FX companies: トレイダーズ +¥6 billion, GMOクリック +¥11.5 billion, GMO外貨 +¥8.2 billion, 外為どっとコム +¥2.1 billion
Annual Dividend
¥45 /share
| Item | Details |
|---|---|
| Document type | Results briefing materials |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Net Sales | ¥10,305 million (YoY +76.0%) |
| Operating profit | ¥6,407 million (YoY +163.6%) |
| Ordinary income | ¥6,390 million |
| Net income | ¥4,293 million (YoY +145.7%) |
| Operating profit margin | 62.2 % |
| Selling, general and administrative expenses | ¥1,997 million |
| Results for the three months of the current quarter | Operating revenue ¥6,331 million (YoY +123.2%) / Operating profit ¥4,310 million (YoY +316.8%) / Ordinary income ¥4,310 million (YoY +318.9%) / Profit attributable to owners of parent for the quarter ¥2,867 million (YoY +329.2%) / Operating profit margin 68.1 % |
| Full-year earnings forecast | Operating revenue ¥17,700 million / Operating profit ¥9,000 million / Ordinary income ¥9,000 million / Profit attributable to owners of the parent ¥6,100 million / Assets under Management ¥1,500 100 million |
| Progress against full-year forecast | Operating revenue 65.6 % / Operating profit 91.5 % / Ordinary income 91.3 % / Interim net income attributable to owners of the parent 89.4 % / Target Increase in Assets Under Custody 36.2 % |
| Self-assessment against the plan | Operating profit progress was well above expectations, while the increase in customer assets fell short of target |
| Key KPIs | Indicator name Assets under Management / Value ¥1,393 100 million / Year on year against the same period last year Not disclosed / Change from previous fiscal year-end +¥6.0 billion, Indicator name Number of customer open positions / Value 78,689 Million currency units / Year on year against the same period last year Not disclosed, Indicator name Domestic FX Market Trading Volume / Value September: highest level since the start of the year / Year on year against the same period last year Not disclosed, Indicator name Total YouTube views / Value 1,217 10,000 plays / Year on year against the same period last year Not disclosed, Indicator name Total YouTube watch time / Value 144 10,000 hours / Year on year against the same period last year Not disclosed, Indicator name YouTube channel subscribers / Value 6.4 10,000 people / Year on year against the same period last year Not disclosed |
| Assumptions Underlying the Business Outlook | Continuation of the period of low volatility, Possibility of a decline in Turkish short-term interest rates, Annual returns are expected to revert to average levels, Second-half revenue is expected to be forecast more conservatively than the first-half results |
| Annual Dividend | ¥45 /share |
| Market Size / Share | Domestic FX Market Trading Volume Approximately ¥13 quadrillion (figures shown for 2024 and 2025) / Market share Not disclosed / Competitive comparison Comparison of changes in customer assets at FX companies: トレイダーズ +¥6 billion, GMOクリック +¥11.5 billion, GMO外貨 +¥8.2 billion, 外為どっとコム +¥2.1 billion |
| New initiatives | Patents obtained for 2 proprietary technologies (Volatility Repeat and Step Slide), Campaign distributing a total prize pool of ¥50 million among participants making deposits and new trades, Cashback campaign offering up to ¥3 million, Campaign offering additional swap income on high-yield currencies, Strengthening the media strategy through YouTube and radio, Passkey authentication introduced to the Minna no FX foreign-exchange trading service in March 2026 |
Items this document does not state (14)
Gross Profit MarginSegment resultsBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsPayout ratioAcquisition 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.First-half results were boosted by stronger trading gains from sharp foreign-exchange market movements, swap income from higher short-term interest rates on the Turkish lira, and increased financial income following the Bank of Japan's rate hike. The full-year forecasts were revised upward because the increase in operating revenue is expected to drive higher profit, while revenue projections for the second half are conservatively estimated, taking into account the possibility that low volatility will continue and Turkish short-term interest rates will decline.
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.
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