Risk in Pursuing New Businesses and Investment Operations
First written in FY2016. 7 of 18 entries say "Materialised", first in FY2023-Q2. Latest entry: 2026-07-29.
Aizawa Securities Group moved to the "Worse" side of this theme in 2022, 1 year before the typical company in this theme (2023).
The whole theme swung hardest in 2024: 9 of 12 companies on the "Worse" side.
6 other companies' latest entry also says "Materialised".
- 2026-07-29MaterialisedEarnings
「In the investment business, operating revenue in the first quarter was ¥150 million, down 10.6% year on year, operating loss was ¥93 million, ordinary income was ¥31 million, up 47.3%, and income before tax was ¥574 million, down 23.0%, following the recording of extraordinary income from the sale of investment securities.」
Discloses that operating revenue in the investment business declined and an operating loss of ¥93 million was recorded. - FY2026WorsenedAnnual report
「Performance in the investment business declined as income from investee funds, including distributions, recorded in the previous fiscal year decreased, resulting in operating revenue of ¥832 million, down 65.4% year on year. In addition, an operating loss of ¥722 million was recorded due to valuation losses on funds investing in unlisted assets and impairment losses on operating investment securities.」
Regarding the monetization risks associated with diversified investment targets and new businesses, operating revenue from the investment business fell 65.4%, and an operating loss of ¥722 million was recorded due to valuation losses on unlisted assets and other factors. - FY2026-H1MaterialisedAnnual report
「In the investment business during the interim consolidated accounting period, operating revenue was ¥404 million, down 12.2% year on year, due mainly to a decrease in sales of operating investment securities, and the segment recorded a loss of ¥320 million.」
Regarding the monetization risks associated with diversified investment targets and new businesses, operating revenue from the investment business fell 12.2% year on year, and a segment loss of ¥320 million was recorded. - FY2025MitigatedAnnual report
「The investment business made a significant contribution to results through the sale of investment assets and the recognition of income by investee funds.」
Although monetization risks associated with diversification of investment activities and investment targets remain, the investment business contributed to results during the year through the sale of investment assets and other activities, recording segment profit of ¥1.539 billion. - FY2025-H1WorsenedAnnual report
「In the investment business during the interim consolidated accounting period, operating revenue was ¥461 million, up 23.1% year on year, due mainly to an increase in sales of operating investment securities, and the segment recorded a loss of ¥42 million.」
Operating revenue from the investment business rose 23.1% year on year, while the segment recorded a loss of ¥42 million, widening from the ¥2 million loss recorded in the same period of the previous year. The monetization risk associated with diversified investment targets and new businesses has materialized in the results. - FY2024-Q3MaterialisedAnnual report
「(Investment business) In the investment business during the nine-month period of the fiscal year, operating revenue was ¥501 million, down 17.9% year on year, due mainly to a decrease in sales of operating investment securities, and the segment recorded a loss of ¥229 million.」
Regarding the risks associated with diversification of investment targets and new businesses, operating revenue from the investment business fell 17.9% year on year, and a segment loss of ¥229 million was recorded. - FY2023-Q2MaterialisedAnnual report
「Extraordinary income was ¥585 million, mainly from gains on sales of investment securities, while extraordinary losses were ¥302 million, mainly from impairment losses on investment securities of ¥280 million.」
Regarding the risks associated with diversification of investment activities and investment targets, an impairment loss on investment securities of ¥280 million was recorded as an extraordinary loss, meaning that the valuation loss materialized in the results. - FY2022WorsenedAnnual report
「In recent years, our group has been diversifying its risks by strengthening its IFA business, considering new businesses and diversifying its investment targets. To address these risks, we will strengthen risk management across the group as a whole.」
It explicitly states that the risks associated with expanding the business domain are also diversifying as a result of diversification in IFA activities, new businesses and investment targets. - FY2021Expansion of investment scopeAnnual report
「The investment business, in which アイザワ・インベストメンツ株式会社 is the main player, will expand beyond its traditional venture investments to include private equity and real estate investments, among others. It will expand its business structure and seek to secure recurring income by employing various revenue-generation methods.」
To reduce dependence on stock market conditions, it is expanding the scope of its business from traditional venture investments to include private equity and real estate investments. - FY2020-Q3Liquidation of an investment limited partnership completedAnnual report
「During the third quarter of the consolidated accounting period, アイザワ３号投資事業有限責任組合, which had been a consolidated subsidiary, completed its liquidation as of 4 December 2019 and was therefore excluded from the scope of consolidation.」
Regarding investment activities and new businesses, it notes the completion of the liquidation of アイザワ3号投資事業有限責任組合 and its exclusion from the scope of consolidation. - FY2020-Q2Establishment of a new investment limited partnershipAnnual report
「アイザワ・インベストメンツ株式会社, a consolidated subsidiary of the company, established アイザワ４号投資事業有限責任組合 to meet the funding needs of venture companies seeking further growth and companies in technology fields such as AI and fintech, with the aim of expanding our group's future growth areas.」
Regarding investment activities and new businesses, it indicates that アイザワ4号投資事業有限責任組合 was established as of 30 August 2019 and identifies investment opportunities in technology fields such as AI and fintech and in venture companies seeking growth. - FY2019-Q3Liquidation of an investment limited partnership completedAnnual report
「During the third quarter of the consolidated accounting period, アイザワ・ベンチャー２号投資事業有限責任組合, which had been a consolidated subsidiary, completed its liquidation as of 31 December 2018 and was therefore excluded from the scope of consolidation.」
Regarding investments in investment limited partnerships and new businesses, it notes the completion of the liquidation of アイザワ・ベンチャー2号投資事業有限責任組合 and its exclusion from the scope of consolidation. - FY2019-Q2Liquidation of an investment limited partnership completedAnnual report
「アイザワ・ベンチャー１号投資事業有限責任組合, which had been a consolidated subsidiary, completed its liquidation as of 21 September 2018 and was therefore excluded from the scope of consolidation.」
It notes the completion of the investment limited partnership's liquidation and its exclusion from the scope of consolidation. It does not conclude that this reduced existing investment business risks. - FY2017RestatedAnnual report
「To establish an earnings structure that is not overly dependent on stock market conditions, our group invests in investment limited partnerships, silent partnerships and other vehicles, and conducts new businesses, with the aim of engaging in finance-related businesses other than financial instruments business. Before making these investments and commencing new businesses, we conduct thorough reviews of their profitability and other factors. However, if the businesses of investees or the new businesses cannot be conducted as planned, this may affect our group's operating results and financial position.」
It continues to describe the profitability and execution risks associated with expanding investments and new businesses in order to reduce dependence on market conditions. - FY2016First statedAnnual report
「To establish an earnings structure that is not overly dependent on stock market conditions, our group invests in investment limited partnerships, silent partnerships and other vehicles, and conducts new businesses, with the aim of engaging in finance-related businesses other than financial instruments business.」
It states that expanding the business domain to reduce dependence on market conditions entails the risk that investments and new businesses may fail to meet their plans.