Komori
Traders Holdings (8704) · InitiativeDeclining external revenue, greater internal use and expansion into non-financial areas

External Sales and White-Label Offerings of Completed Financial Trading Systems

First written in FY2017. 9 of 23 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2026.

23entries
10years
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ProgressHeldSoftenedWorseAdvancedFY2020-Q2 – FY2022-Q1OtherFY2023-Q2 – FY2025-H12017: 120172018: 220182019: 120192020: 320202021: 320212022: 420222023: 420232024: 220242025: 220252026: 12026
Same theme, other companies
Expansion of New FX System Package and OEM SalesA theme 2 companies write about · 0 as a headwind · 2 as a tailwind

0 other companies' latest entry also says "Other".

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.
Full recordFilings, disclosures and news, newest first
  1. FY2026Declining external revenue, greater internal use and expansion into non-financial areasAnnual report

    「During the consolidated fiscal year, sales from the external provision of FX trading systems and operation and maintenance services for delivered systems declined because a major customer scaled back its business. However, the company was able to generate stable revenue by focusing on enhancing the functionality of トレイダーズ証券's FX trading system, developing features to improve convenience and security, and developing and operating financial instruments trading systems.」

    While external sales declined as a major customer scaled back its business, the company advanced enhancements to systems for internal use and indicated a policy of expanding the scope of external sales to generative AI and DX support, web production, marketing support and sales outsourcing.
  2. FY2026-H1AdvancedAnnual report

    「Revenue from external customers in the system development and system consulting business for the six-month interim consolidated period was ¥65 million, up ¥12 million, or 24.2%, from the same period of the previous year.」

    Sales to external customers from the external provision of in-house-developed financial transaction systems and other systems increased to ¥65 million, up 24.2% year on year. The scope of external sales has also expanded to generative AI, DX/AI consulting, web production, marketing support and sales outsourcing.
  3. FY2025ReframedAnnual report

    「Going forward, the company plans to contribute to higher group profit by continuing to enhance the functionality of トレイダーズ証券's FX trading system and cryptocurrency CFD application and ensuring stable system operation, while developing new financial instruments trading systems and strengthening external sales of existing financial transaction systems and other systems. In addition, it aims to expand its earnings base by enhancing services that can contribute to the growth of a wide range of customers in non-financial fields, including the provision of DX support systems such as business-efficiency tools using generative AI, web production and marketing support, and sales outsourcing.」

    The company indicated that it would expand the scope of its external services beyond external sales of financial transaction systems to include business-efficiency improvements using generative AI, DX support, web production, marketing support and sales outsourcing. Meanwhile, external sales for the fiscal year declined to ¥127 million.
  4. FY2025-H1Higher internal sales; lower sales to external customersAnnual report

    「Revenue from external customers in the system development and system consulting business for the six-month interim consolidated period was ¥52 million, down ¥74 million, or 58.6%, from the same period of the previous year.」

    The company has continued to provide financial transaction systems, cryptocurrency-related systems and other services externally, but sales to external customers declined to ¥52 million. Meanwhile, internal sales to トレイダーズ証券 increased to ¥1,558 million.
  5. FY2024-Q3Continued decline in sales to external customersAnnual report

    「Revenue from external customers in the system development and system consulting business for the first nine months of the consolidated fiscal year was ¥187 million, down ¥82 million, or 30.6%, from the same period of the previous year.」

    The company has continued to provide financial transaction systems, cryptocurrency-related systems and other services externally, but sales to external customers fell 30.6% year on year to ¥187 million.
  6. FY2024-Q2Decline in revenue from external customersAnnual report

    「Revenue from external customers in the system development and system consulting business for the first six months of the consolidated fiscal year was ¥126 million, down ¥53 million, or 29.8%, from the same period of the previous year.」

    The company has continued to provide financial transaction systems and other services externally, but revenue from external customers fell 29.8% year on year to ¥126 million.
  7. FY2024-Q1Decline in revenue from external customersAnnual report

    「Revenue from external customers in the system development and system consulting business for the first three months of the consolidated fiscal year was ¥77 million, down ¥6 million, or 7.2%, from the same period of the previous year.」

    The company has continued to provide external customers with financial transaction systems and other services, but sales to external customers fell 7.2% year on year to ¥77 million.
  8. FY2023Lower external sales; no large projects wonAnnual report

    「Revenue from external customers in the system development and system consulting business for the consolidated fiscal year was ¥343 million, down ¥84 million, or 19.6%, from the same period of the previous year.」

    Sales and operation and maintenance services for systems provided to external customers have continued, but external sales declined 19.6% because no large-scale system development projects were won.
  9. FY2023-Q3Decline in revenue from external customersAnnual report

    「Operating revenue from external customers in the systems development and systems consulting business for the first 9 months of the current fiscal year was ¥270 million, down ¥14 million, or 5.2%, year on year, slightly below the previous year.」

    Although the Company continued providing its in-house financial trading system externally, revenue from external customers was ¥270 million, down 5.2% year on year.
  10. FY2023-Q2Slight decline in revenue from external customersAnnual report

    「Operating revenue from external customers in the systems development and systems consulting business for the first 6 months of the current fiscal year was ¥180 million, down ¥1 million, or 0.8%, year on year, broadly in line with the year-earlier period.」

    Although the Company continued providing its in-house financial trading system externally, revenue from external customers was ¥180 million, down 0.8% year on year.
  11. FY2023-Q1AdvancedAnnual report

    「Operating revenue from external customers in the systems development and systems consulting business for the first 3 months of the current fiscal year was ¥83 million, up ¥4 million, or 6.1%, year on year, exceeding the year-earlier period.」

    The Company continued providing financial trading systems and other systems externally, with revenue from external customers reaching ¥83 million, up 6.1% year on year.
  12. FY2022Decline in revenue from external customersAnnual report

    「Operating revenue from external customers in the systems development and systems consulting business for the fiscal year was ¥427 million, down ¥57 million, or 11.9%, year on year, below the year-earlier period.」

    Although the Company continued providing its in-house financial trading system externally, revenue from external customers declined 11.9% year on year because it did not win any large external projects.
  13. FY2022-Q3Decline in revenue from external customersAnnual report

    「Operating revenue from external customers in the systems development and systems consulting business for the first 9 months of the current fiscal year was ¥285 million, down ¥80 million, or 21.9%, year on year, below the year-earlier period.」

    Although the Company continued providing its in-house financial trading system externally, revenue from external customers was ¥285 million, down 21.9% year on year.
  14. FY2022-Q2Decline in revenue from external customersAnnual report

    「Operating revenue from external customers in the systems development and systems consulting business for the first 6 months of the current fiscal year was ¥182 million, down ¥90 million, or 33.1%, year on year, below the year-earlier period.」

    Although the Company continued providing its in-house financial trading system externally, revenue from external customers was ¥182 million, down 33.1% year on year.
  15. FY2022-Q1AdvancedAnnual report

    「Operating revenue from external customers in the systems development and systems consulting business for the first 3 months of the current fiscal year was ¥78 million, up ¥11 million, or 17.0%, year on year, exceeding the year-earlier period.」

    The Company continued providing its in-house financial trading system to external customers, with revenue from external customers reaching ¥78 million, up 17.0% year on year.
  16. FY2021-Q3AdvancedAnnual report

    「Operating revenue from external customers in the systems development and systems consulting business for the first 9 months of the current fiscal year was ¥365 million, up ¥46 million, or 14.7%, year on year, exceeding the year-earlier period.」

    The Company continued providing its in-house financial trading system to external customers, with revenue from external customers reaching ¥365 million, up 14.7% year on year.
  17. FY2021-Q2AdvancedAnnual report

    「The systems development and systems consulting business operated by the subsidiary Nextop.Asia, hereinafter “Nextop.Asia,” developed, maintained and operated an FX trading system for トレイダーズ証券 and developed, maintained and operated systems related to financial trading, including FX and crypto-asset (cryptocurrency) trading, for external customers, with the aim of generating revenue. Operating revenue from external customers in the systems development and systems consulting business for the first 6 months of the current fiscal year was ¥272 million, up ¥19 million, or 7.9%, year on year, exceeding the year-earlier period.」

    The Company made concrete progress by providing its in-house financial trading system to external customers as well, with revenue from external customers reaching ¥272 million, up 7.9% year on year.
  18. FY2021-Q1AdvancedAnnual report

    「The systems development and systems consulting business operated by the subsidiary Nextop.Asia, hereinafter “Nextop.Asia,” developed, maintained and operated an FX trading system for トレイダーズ証券 and developed, maintained and operated systems related to financial trading, including FX and crypto-asset (cryptocurrency) trading, for external customers, with the aim of generating revenue. Operating revenue from external customers in the systems development and systems consulting business for the first 3 months of the current fiscal year was ¥67 million, up ¥8 million, or 13.9%, year on year, exceeding the year-earlier period.」

    Using its in-house systems development capabilities, the Company continued providing external customers with systems related to crypto-asset trading in addition to FX trading systems, and revenue from external customers exceeded the year-earlier period.
  19. FY2020-Q3AdvancedAnnual report

    「The systems development and systems consulting business operated by the subsidiary Nextop.Asia, hereinafter “Nextop.Asia,” developed and maintained an FX trading system for トレイダーズ証券 and developed, maintained and operated systems related to financial trading, including FX and crypto-asset trading, for external customers, with the aim of generating revenue. Operating revenue from external customers in the systems development and systems consulting business for the first 9 months of the current fiscal year was ¥318.717 million, up ¥224.775 million, or 239.3%, year on year, substantially exceeding the year-earlier period.」

    Building on its in-house systems development capabilities, the Company continued developing cryptocurrency trading-related systems for external customers, increasing revenue from external customers to ¥318.717 million.
  20. FY2020-Q2AdvancedAnnual report

    「The systems development and systems consulting business operated by the subsidiary Nextop.Asia, hereinafter “Nextop.Asia,” developed an FX trading system for トレイダーズ証券 and developed systems related to cryptocurrency trading for external customers, with the aim of generating revenue. Operating revenue from external customers in the systems development and systems consulting business for the first 6 months of the current fiscal year was ¥252.480 million, up ¥211.150 million, or 510.9%, year on year, substantially exceeding the year-earlier period.」

    Building on its in-house systems development capabilities, the Company continued developing and maintaining FX trading systems as well as developing cryptocurrency trading-related systems for external customers, increasing revenue from external customers to ¥252.480 million.
  21. FY2019-Q2RestatedAnnual report

    「The systems development and systems consulting business operated by the subsidiary Nextop.Asia, hereinafter “Nextop.Asia,” completed the in-house development of its foreign-exchange trading system in November 2017. During the first 6 months of the current fiscal year, it began developing backend systems and cryptocurrency trading systems for cryptocurrency businesses and conducted sales activities, with the aim of generating revenue from outside the Group.」

    The Company has continued developing and selling systems for cryptocurrency businesses based on its internally developed systems.
  22. FY2019-Q1AdvancedAnnual report

    「After completing the in-house development of the foreign-exchange trading system, we began developing and selling backend systems and trading systems for cryptocurrency businesses, with the aim of generating revenue from outside the Group.」

    Building on its internally developed systems, the Company actually began developing and selling backend and trading systems for cryptocurrency businesses.
  23. FY2017First statedAnnual report

    「From the fiscal year ending March 2019 onward, we plan to accelerate sales activities involving the completed system as a financial trading platform, including sales to external companies and provision of the system on a white-label basis.」

    Following the integration of the FX system, the Company presented plans from the fiscal year ending March 2019 onward to sell to external companies, provide white-label services and secure maintenance and administration contracts.
Moved together

"Higher revenue and a deficit in the systems development and systems consulting business" moved the same way as this thread, in the same document, in 5 of its 23 moves.

544333★123456
  1. ★This thread
  2. 1Higher revenue and a deficit in the systems development and systems consulting business5×
  3. 2Achieving stable profitability and increasing EPS over three years4×
  4. 3Achieving Profitability and Ensuring the Continuity of New Businesses4×
  5. 4Resuming Dividends Following Earnings Recovery3×
  6. 5Profit Improvement and Failure to Achieve Operating Profitability3×
  7. 6Stabilizing the Financial Base through External Funding3×

★ 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
Traders Holdings's next results are scheduled for 2026-10-30. Read the earnings preview
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