Decline in Fees Received Due to Market Contraction
First written in FY2016. 18 of 32 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
Aizawa Securities Group 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.
5 other companies' latest entry also says "Other".
- FY2026Annual continuation of growth in commissions receivedAnnual report
「Commission income for the fiscal year was ¥1,671.3 million, up 17.8% year on year.」
While commission income had previously declined due to market contraction, commission income increased 17.8% year on year in the fiscal year ending March 2026. Increases in stock brokerage transactions, mutual fund fees and other items were reported. - FY2026-H1Continued growth in commission incomeAnnual report
「(Commission income) Commission income was ¥762.9 million, up 10.0% year on year, due mainly to an increase in stock brokerage transactions.」
While the risk of declining commission income due to reduced market activity had previously materialized, commission income increased 10.0% year on year in the interim consolidated period as stock brokerage transactions increased. There is no disclosure indicating that the risk of market contraction materialized during this period. - FY2025Continued growth in commission income from mutual funds and wrap productsAnnual report
「Fees from the handling of public offerings, secondary offerings and offerings for sale to specified investors were ¥327.4 million, up 24.2% year on year, due to an increase in mutual fund sales. Other commission income was ¥511.4 million, up 33.1% year on year, due mainly to higher investment advisory fees from fund wraps and other factors.」
Although stock brokerage commissions declined, the revenue base for commission income is expanding in stock-based products, driven by increased mutual fund sales and fund wrap investment advisory fees. - FY2025-H1Growth in commission income from mutual funds and wrap productsAnnual report
「Commission income was ¥693.5 million, up 8.5% year on year, due mainly to an increase in mutual fund transaction volume and investment advisory fees from wrap transactions.」
While the risk of declining commission income due to reduced market activity had previously materialized, commission income increased 8.5% year on year in the interim consolidated period as mutual fund transaction volume and wrap-related fees increased. - FY2024-Q3Continued growth in commission incomeAnnual report
「(Commission income) Commission income was ¥934.7 million, up 40.7% year on year, due mainly to an increase in stock brokerage transactions.」
While commission income had previously declined due to lower stock brokerage transactions, it increased 40.7% year on year in the third-quarter year-to-date period as stock brokerage transactions increased, continuing the upward trend. - FY2024-Q2Continued growth in commission incomeAnnual report
「(Commission income) Commission income was ¥639.3 million, up 54.0% year on year, due mainly to an increase in stock brokerage transactions.」
While commission income had previously declined due to reduced market activity, it increased 54.0% year on year in the second-quarter year-to-date period as stock brokerage transactions increased, continuing the upward trend. - FY2024-Q1Shift to growth in commission incomeAnnual report
「(Commission income) Commission income was ¥298.3 million, up 48.4% year on year, due mainly to an increase in stock brokerage transactions.」
Although commission income had continued to decline due to market contraction and lower stock brokerage transactions, it increased 48.4% year on year this quarter as stock brokerage transactions increased. - FY2023MaterialisedAnnual report
「Commission income for the fiscal year was ¥897.1 million, down 11.8% year on year. Brokerage commissions were ¥460.8 million, down 17.3% year on year, due to a decrease in stock brokerage transactions.」
The risk of declining commission income due to reduced market activity materialized as full-year declines of 11.8% in commission income and 17.3% in brokerage commissions, attributable to lower stock brokerage transactions. - FY2023-Q3MaterialisedAnnual report
「(Commission income) Commission income was ¥664.4 million, down 16.9% year on year, due mainly to a decrease in stock brokerage transactions.」
The risk of declining commission income due to reduced market activity materialized in the third-quarter consolidated year-to-date period as a 16.9% year-on-year decrease, attributable to lower stock brokerage transactions. - FY2023-Q2MaterialisedAnnual report
「Commission income was ¥415.2 million, down 21.4% year on year, due mainly to a decrease in stock brokerage transactions.」
The risk of declining commission income due to reduced market activity materialized in the second-quarter year-to-date period as a 21.4% year-on-year decrease, attributable to lower stock brokerage transactions. - FY2023-Q1MaterialisedAnnual report
「Commission income was ¥201.0 million, down 16.1% year on year, due mainly to a decrease in stock brokerage transactions.」
The risk of declining commission income due to reduced market activity materialized in the first-quarter year-to-date period as a 16.1% year-on-year decrease, attributable to lower stock brokerage transactions. - FY2022MaterialisedAnnual report
「Brokerage commissions were ¥557.1 million, down 29.2% year on year, due to a decrease in foreign stock brokerage transactions.」
The decline in commission income associated with reduced trading activity was reflected in full-year results as a 29.2% year-on-year decrease caused by lower foreign stock brokerage transactions. Meanwhile, mutual fund sales and fund wrap-related fees increased. - FY2022-Q3Continued growth in commission income from mutual fund transactionsAnnual report
「(Commission income) Commission income was ¥799.4 million, up 6.3% year on year, due mainly to an increase in mutual fund transactions.」
Commission income continued to increase from the previous quarter, rising 6.3% year on year this quarter due mainly to higher mutual fund transactions and other factors. - FY2022-Q2Commission income turned to an increaseAnnual report
「(Commission income) Commission income was ¥528.3 million, up 6.6% year on year, due mainly to an increase in mutual fund transactions.」
Commission income turned from a decline caused by reduced foreign stock brokerage transactions through the previous quarter to a 6.6% year-on-year increase, driven by higher mutual fund transactions and other factors. - FY2022-Q1MaterialisedAnnual report
「(Commission income) Commission income was ¥239.5 million, down 2.7% year on year, due mainly to a decrease in foreign stock brokerage transactions.」
The risk of declining commission income materialized in the first quarter as a 2.7% year-on-year decrease, attributable to a decline in foreign stock brokerage transactions. - FY2021Full-year results confirmed the shift to growth in commission incomeAnnual report
「Commission income for the fiscal year was ¥1,040.1 million, up 41.7% year on year.」
Unlike the previous decline in commission income due to lower domestic stock trading value, commission income increased 41.7% year on year this fiscal year, driven by an increase in foreign stock brokerage transactions and other factors. - FY2021-Q3Continued growth in commission incomeAnnual report
「Fees received were ¥7,519 million, up 39.3% year on year, due mainly to an increase in agency transactions in foreign stocks.」
Unlike the previous decline in commission income due to lower domestic stock trading value, the upward trend in commission income continued through the third quarter year-to-date period, driven by an increase in foreign stock brokerage transactions. In terms of actual risk exposure, the trend has continued to shift from decline to growth. - FY2021-Q2Continued growth in commission incomeAnnual report
「Fees received were ¥4,955 million, up 50.5% year on year, due mainly to an increase in agency transactions in foreign stocks.」
Unlike the previous decline in commission income due to lower domestic stock trading value, the upward trend in commission income continued this quarter, driven by an increase in foreign stock brokerage transactions. - FY2021-Q1Commission income turned to an increaseAnnual report
「(Fees received) Fees received were ¥2,463 million, up 38.1% year on year, due mainly to an increase in agency transactions in foreign stocks.」
Unlike the previously reported decline in commission income due to lower domestic stock trading value, commission income increased 38.1% year on year this quarter, driven by an increase in foreign stock brokerage transactions. - FY2020MaterialisedAnnual report
「Commission income for the fiscal year was ¥734.2 million, down 2.4% year on year.」
The decline in commission income due to the contracting market was reflected in full-year results as a 2.4% year-on-year decrease. Although foreign stock brokerage transactions increased, declines in mutual fund sales and other areas were also reported. - FY2020-Q3MaterialisedAnnual report
「Due mainly to a decline in domestic equity trading value, commissions received were ¥5,398 million, down 7.6% year on year.」
The decline in commission income resulting from reduced market activity was reflected in third-quarter year-to-date results as a 7.6% year-on-year decrease. - FY2020-Q2MaterialisedAnnual report
「Due mainly to a decline in domestic equity trading value, commissions received were ¥3,292 million, down 16.6% year on year.」
The decline in commissions received due to contraction in market trading materialized in cumulative results for the second quarter, which were down 16.6% year on year. - FY2020-Q1MaterialisedAnnual report
「Due mainly to a decline in domestic equity trading value, commissions received were ¥1,783 million, down 11.7% year on year.」
The decline in commissions received due to lower domestic equity trading value materialized in the current-quarter results as an 11.7% year-on-year decrease. - FY2019MaterialisedAnnual report
「Commissions received for the consolidated fiscal year were ¥7,523 million, down 29.3% from the previous fiscal year.」
The decline in commissions received due to market contraction and lower domestic equity trading value materialized in the full-year results as a 29.3% year-on-year decrease. - FY2019-Q3MaterialisedAnnual report
「Due mainly to a decline in domestic equity trading value, commissions received were ¥5,845 million, down 27.0% year on year.」
The decline in commissions received due to contraction in market trading materialized in cumulative results for the third quarter, which were down 27.0% year on year. - FY2019-Q2MaterialisedAnnual report
「Due mainly to a decline in domestic equity trading value, commissions received were ¥3,949 million, down 18.1% year on year.」
The decline in commissions received due to contraction in market trading materialized in results as an 18.1% year-on-year decrease. - FY2019-Q1MaterialisedAnnual report
「Due mainly to a decline in domestic equity trading value, commissions received were ¥2,019 million, down 15.1% year on year.」
The decline in commissions received due to contraction in market trading continued to materialize in the current-quarter results, which were down 15.1% year on year. - FY2017MaterialisedAnnual report
「Commissions received were ¥6,621 million, down 25.6% from the previous fiscal year, due to a decline in domestic equity trading value.」
The decline in commissions received due to contraction in market trading materialized in the full-year results as a 25.6% year-on-year decrease. - FY2017-Q3MaterialisedAnnual report
「Due to a decline in domestic equity trading value, commissions received were ¥4,910 million, down 31.2% year on year.」
The decline in commissions received due to contraction in market trading was reflected in cumulative results for the third quarter, which were down 31.2% year on year. - FY2017-Q2MaterialisedAnnual report
「Due to a decline in domestic equity trading value, commissions received were ¥3,108 million, down 36.5% year on year.」
The decline in commissions received due to contraction in market trading continued to be reflected in actual results, with a 36.5% year-on-year decrease. - FY2017-Q1MaterialisedAnnual report
「(Commissions received) Due to a decline in domestic equity trading value, commissions received were ¥1,696 million, down 36.3% year on year.」
The risk of lower commissions received due to contraction in market trading materialized as a decline in domestic equity trading value and a 36.3% year-on-year decrease in commissions received. - FY2016First statedAnnual report
「If a decline or stagnation in equity and bond prices reduces the number of market participants in the secondary market and causes trading volume or trading value to contract, or if offerings in the primary market are postponed or cancelled, our commissions received may decline.」
The company describes the possibility of lower commission revenue due to sluggish market conditions and the postponement or cancellation of offerings.