Dependence on a Single Business: Financial Instruments Business
First written in FY2020. 13 of 14 entries say "Restated". Latest entry: 2026-04-24.
The whole theme swung hardest in 2026: 1 of 6 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- 2026-04-24RestatedFinancial results
「The Company and its affiliates engage in (1) financial instruments business, (2) investment business, (3) real estate business, and (4) research and investigation business. However, because businesses other than those conducted by the Company have an immaterial effect on the consolidated financial statements of the Company and its consolidated subsidiaries, they are treated as a single segment, Investment and Financial Services.」
The business structure continues to comprise a single Investment and Financial Services segment. - FY2026-H1RestatedAnnual report
「As our Group considers itself to comprise a single segment, the investment and financial services business, this information has been omitted.」
The business structure continues to be based on a single segment, the investment and financial services business, and no material change in the single-business dependence structure has occurred. - FY2024-Q3RestatedAnnual report
「As our Group considers itself to comprise a single segment, the investment and financial services business, this information has been omitted.」
The business structure continues to be based on a single segment, the investment and financial services business, and no material change in the single-business dependence structure is disclosed. - FY2023-Q3RestatedAnnual report
「As our Group considers itself to comprise a single segment, the investment and financial services business, this information has been omitted.」
The business structure continues to be based on a single segment, the investment and financial services business, and no material change in the single-business dependence structure is disclosed. - FY2023-Q2RestatedAnnual report
「As our Group considers itself to comprise a single segment, the investment and financial services business, this information has been omitted.」
The business structure continues to be based on a single segment, the investment and financial services business, and no material change in the single-business dependence structure is disclosed. - FY2023-Q1RestatedAnnual report
「As our Group considers itself to comprise a single segment, the investment and financial services business, this information has been omitted.」
The business structure continues to be based on a single segment, the investment and financial services business, and no material change in the single-business dependence structure is disclosed. - FY2022-Q3RestatedAnnual report
「As our Group considers itself to comprise a single segment, the investment and financial services business, this information has been omitted.」
The business structure continues to be based on a single segment, the investment and financial services business, and no material change in the single-business dependence structure has occurred. - FY2022-Q2RestatedAnnual report
「As our Group considers itself to comprise a single segment, the investment and financial services business, this information has been omitted.」
The business structure continues to be presented as a single segment, the investment and financial services business, and no material change in the single-business dependence structure has occurred. - FY2022-Q1RestatedAnnual report
「As our Group considers itself to comprise a single segment, the investment and financial services business, this information has been omitted.」
The business structure continues to be presented as a single segment, the investment and financial services business, and no material change in the single-business dependence structure has occurred. - FY2021RestatedAnnual report
「Because our Group operates in a single area, the financial instruments business, its performance is significantly affected by changes in and transformations of the financial capital markets.」
The Group continues to disclose its single-business structure centered on the financial instruments business and its dependence on the financial capital markets. - FY2021-Q3RestatedAnnual report
「As our Group considers itself to comprise a single segment, the investment and financial services business, this information has been omitted.」
The business structure continues to be presented as a single segment, the investment and financial services business, and no material change in the single-business dependence structure is disclosed. - FY2021-Q2RestatedAnnual report
「Our consolidated operating revenue is centered on commissions received in connection with the securities markets and trading income, with the majority sourced from the equity and bond markets.」
The Group reconfirms its business and earnings structure as a single segment centered on the financial instruments business and its dependence on the securities market. No material change in the business or in the dependence structure is disclosed. - FY2021-Q1RestatedAnnual report
「The company's consolidated operating revenue is centered on commissions received in connection with the securities markets and trading gains and losses, most of which are generated by the equity and bond markets. Although the company is working to ensure revenue stability by diversifying its revenue sources in order to mitigate the impact of favorable and unfavorable conditions in the equity and bond markets on its performance, its performance remains susceptible to securities market trends and may fluctuate significantly.」
The Group reconfirms its business and earnings structure centered on the financial instruments business and the potential for performance fluctuations due to its dependence on the securities market. No material change in the single-business dependence structure is disclosed. - FY2020First statedAnnual report
「Because our Group operates in a single area, the financial instruments business, its performance is significantly affected by changes in and transformations of the financial capital markets. If our Group’s earnings decline due to a contraction in the financial capital markets or other factors, our operating results and financial position could deteriorate rapidly because we do not operate other businesses to supplement those earnings.」
For the first time, the absence of businesses other than the financial instruments business to supplement earnings is explicitly disclosed as a standalone business-structure risk.