Fixed-Cost Coverage Ratio of at Least 50% Through Stable Earnings
First written in FY2016. 6 of 10 entries say "Advanced", first in FY2018. Latest entry: FY2026.
0 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「3. Fixed-cost coverage ratio of at least 50% (final year) • Increase in mutual fund trust fees and net financial income • Maintain a low-cost structure → Fiscal year ending March 2026: 44.5%」
The fixed-cost coverage ratio rose from 40.9% in the previous fiscal year to 44.5%. Although it remained below the final-year target of at least 50%, it improved through higher mutual fund trust fees and net financial income and continued maintenance of a low-cost structure. - FY2025AdvancedAnnual report
「• Fixed-cost coverage ratio of at least 50% (final year) • Increase in mutual fund trust fees and net financial income • Maintain a low-cost structure」
The Sixth Medium-Term Management Plan again included a fixed-cost coverage ratio target of at least 50% and explicitly identified higher mutual fund trust fees and net financial income, together with maintaining a low-cost structure, as the means of achieving it. The final-year result under the Fifth Medium-Term Management Plan was 40.9%, up from 38.9% in the previous fiscal year but below 50%. - FY2024AdvancedAnnual report
「1. Fixed-cost coverage ratio of at least 50% from stable earnings (final-year target) → Fiscal year ended March 2024: 38.9%」
The fixed-cost coverage ratio improved from 33.5% in the previous fiscal year to 38.9%, but remained below the final-year target of at least 50%. - FY2023WorsenedAnnual report
「1. Fixed-cost coverage ratio of at least 50% from stable earnings (final-year target) → Fiscal year ended March 2023: 33.5%」
While the Fifth Medium-Term Management Plan also set a target of at least 50%, the result for the fiscal year ended March 2023 was 33.5%, down from 35.5% in the previous fiscal year. - FY2022AdvancedAnnual report
「Fixed-cost coverage ratio from stable earnings (net financial income, margin trading-related commissions and mutual fund trust fees): 50% → Fiscal year ended March 2020: 31.4%; fiscal year ended March 2021: 31.5%; fiscal year ended March 2022: 35.5%」
The fixed-cost coverage ratio improved to 35.5% but remained below the 50% target. The Fifth Medium-Term Management Plan again set a target of “at least 50% in the final year,” so the issue remained ongoing. - FY2021AdvancedAnnual report
「2. Expansion of stable earnings: Fixed-cost coverage ratio from stable earnings (net financial income, margin trading-related commissions and mutual fund trust fees): 50% → Fiscal year ended March 2021: 30.6%」
The fixed-cost coverage ratio rose 0.1 percentage point from 30.5% in the previous fiscal year to 30.6%, but remained below the 50% target. - FY2020Performance declined while the target remained unmetAnnual report
「Fixed-cost coverage ratio from stable earnings (net financial income, margin trading-related commissions and mutual fund trust fees): 50% → Fiscal year ended March 2020: 30.5%」
Although the 50% target was maintained, the result for the fiscal year ended March 2020 was 30.5%, down from 34.9% in the previous fiscal year. - FY2019SoftenedAnnual report
「1. Fixed-cost coverage ratio of at least 50% from stable earnings (final year): Fiscal 2016: 27.0%; fiscal 2017: 34.5%; fiscal 2018: 34.9%」
The final-year result was 34.9%, below the 50% target under the Third Medium-Term Management Plan. Under the Fourth Medium-Term Management Plan, the issue continued as “expansion of stable earnings,” without a numerical target. - FY2018AdvancedAnnual report
「1. Fixed-cost coverage ratio of at least 50% from stable earnings (final year): Increase in mutual fund assets under custody and margin trading balances, while maintaining a low-cost structure → Fiscal year ended March 2018: 34.5%」
Against the Third Medium-Term Management Plan’s final-year target of at least 50%, the company disclosed a fixed-cost coverage ratio of 34.5% for the fiscal year ended March 2018. The stated means were to increase mutual fund assets under custody and margin trading balances while maintaining a low-cost structure. - FY2016First statedAnnual report
「<Key elements of the Third Medium-Term Management Plan (fiscal years ending March 2017 to March 2019)> 1. Fixed-cost coverage ratio of at least 50% from stable earnings (final year)」
Numerical target under the Third Medium-Term Management Plan for the fiscal years ending March 2017 through March 2019.