Growth in Stable Revenue
First written in FY2016. 9 of 18 entries say "Advanced", first in FY2019. Latest entry: 2026-10-20.
Aizawa Securities Group moved to the "Worse" side of this theme in 2024.
The whole theme swung hardest in 2017: 1 of 6 companies on the "Worse" side.
5 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The underlying SG&A expense coverage ratio also increased by 6.9 percentage points from the previous fiscal year to 35.6%, as underlying stock revenue rose due to an increase in trust fees.」
The underlying SG&A expense coverage ratio based on underlying stock revenue rose 6.9 percentage points from the previous fiscal year to 35.6%, indicating quantitative progress toward the target of 40% or more for the fiscal year ending March 2028. - FY2026-H1WorsenedAnnual report
「In the interim consolidated accounting period, operating revenue in the asset management business amounted to ¥120 million, up 0.7% year on year due to an increase in management fees and other factors. However, the segment loss was ¥182 million due to an increase in the cost of sales of operating investment securities.」
While targeting growth in recurring and asset management revenue, the asset management business reported a 0.7% year-on-year increase in operating revenue but recorded a segment loss of ¥182 million. - FY2025ReframedAnnual report
「Underlying stock revenue (Note 1) Underlying SG&A expense coverage ratio (Note 2) 40% or more」
The company has replaced its previous theme of expanding recurring and stock revenue with a new KPI: an underlying SG&A expense coverage ratio of 40% or more based on underlying stock revenue excluding brokerage commissions. - FY2025-H1WorsenedAnnual report
「In the interim consolidated accounting period, operating revenue in the asset management business amounted to ¥120 million, up 5.5% year on year, mainly due to an increase in management fees and other factors, while the segment loss was ¥136 million.」
Operating revenue rose 5.5% year on year due to higher management fees, but the asset management business recorded a segment loss of ¥136 million, indicating continued losses despite the target of expanding recurring revenue. - FY2024-Q3WorsenedAnnual report
「(Asset management business) In the cumulative third quarter of the current consolidated fiscal year, operating revenue in the asset management business amounted to ¥178 million, down 13.4% year on year, mainly due to a decrease in management fees and other factors, while the segment loss was ¥174 million.」
While targeting growth in recurring and asset management revenue, operating revenue in the asset management business fell 13.4% year on year, and the segment loss widened to ¥174 million. - FY2024-Q2Decline in management fees and continued operating losses in the asset management businessAnnual report
「(Asset management business) In the cumulative second quarter of the current consolidated fiscal year, operating revenue in the asset management business amounted to ¥113 million, down 3.8% year on year, mainly due to a decrease in management fees and other factors, while the segment loss was ¥113 million.」
While targeting growth in recurring and asset management revenue, the company reported a 3.8% year-on-year decline in operating revenue in the asset management business due to lower management fees, and recorded a segment loss of ¥113 million. - FY2023Decrease in fund wrap investment advisory feesAnnual report
「Other fees received amounted to ¥2,426 million, down 15.6% year on year, mainly due to a decrease in fund wrap investment advisory fees and other factors.」
Amid its goal of expanding recurring and stock revenue, the company reported that a decrease in fund wrap investment advisory fees was a factor behind the decline in other fees received during the consolidated fiscal year. - FY2022AdvancedAnnual report
「As a result, contracted assets at the end of the consolidated fiscal year amounted to ¥6,055.1 million, up 38.0% year on year. The company will continue accumulating contracted assets.」
As a measure to expand recurring revenue, contracted assets for Aizawa Fund Wrap reached ¥6,055.1 million, up 38.0% year on year. - FY2021AdvancedAnnual report
「Other fees received amounted to ¥1,701 million, up 36.3% year on year, mainly due to an increase in investment advisory fees accompanying strong performance in fund wrap operations.」
Regarding the expansion of recurring and stock revenue, investment advisory fees rose 36.3% year on year to ¥1,701 million, driven by strong performance in fund wrap operations. - FY2020AdvancedAnnual report
「In particular, during the consolidated fiscal year, the company positioned “Aizawa Fund Wrap” as a strategic core product and accumulated contracted assets. As a result, contracted assets at the end of the consolidated fiscal year amounted to ¥2,610.5 million, up 29.8% year on year.」
As a measure to expand recurring and stock revenue, the company positioned fund wrap as a core product and increased contracted assets to ¥2,610.5 million, up 29.8% year on year. - FY2019AdvancedAnnual report
「In particular, during the consolidated fiscal year, the company positioned “Aizawa Fund Wrap” as a strategic core product and accumulated contracted assets. As a result, contracted assets at the end of the consolidated fiscal year amounted to ¥2,010.9 million, up 92.3% year on year.」
As a measure to expand recurring and stock revenue, the company positioned fund wrap as a strategic core product and increased contracted assets to ¥2,010.9 million, up 92.3% year on year. - FY2017ReframedAnnual report
「To establish a sustainable high-profit structure, the company is strengthening sales and net increases in assets under management for the discretionary investment management services “Blue Wrap” and “Aizawa Fund Wrap,” as well as investment trusts, and is working to increase stock revenue.」
The company has reframed its previous focus on increasing recurring revenue as a framework centered on establishing a sustainable high-profit structure and expanding stock revenue. - FY2016First statedAnnual report
「In addition, the company aims to increase recurring revenue by increasing investment trust sales and assets under management and strengthening wrap sales.」
To reduce dependence on stock market conditions, the company has identified expansion of investment trusts and wrap services as means of increasing recurring revenue.