Maintaining the Capital Adequacy Ratio
First written in FY2016. 12 of 23 entries say "Worsened", first in FY2017. Latest entry: FY2022.
Aizawa Securities Group moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
The whole theme swung hardest in 2025: 4 of 14 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2022ReframedAnnual report
「Following the company split effective 1 October 2021, the net capital ratio is presented as "—" from the current fiscal year onward.」
Following the transition to a holding company structure, the filing company's net capital ratio is no longer applicable. The reporting framework has changed from managing the ratio on the filing-company basis to managing it on a group-company basis following the business succession. - FY2022-Q2WorsenedAnnual report
「Net capital ratio (D)/(E) × 100 429.7% 346.2%」
The net capital ratio declined from 429.7% in the same period of the previous year to 346.2%, further narrowing the numerical buffer above the statutory minimum of 120%. - FY2022-Q1WorsenedAnnual report
「Net capital ratio (D)/(E) × 100 452.5% 400.5%」
The net capital ratio declined from 452.5% in the same period of the previous year to 400.5%, further narrowing the numerical buffer. - FY2021WorsenedAnnual report
「Net capital ratio (%) 658.0 494.4 470.3 504.0 409.8」
The net capital ratio declined from 472.1% in the previous period to 409.8%. Although it remains above the statutory minimum of 120%, the numerical buffer has narrowed. - FY2021-Q3MitigatedAnnual report
「Net capital ratio (D)/(E) × 100 481.2% 468.8%」
The net capital ratio rose from 429.7% at the end of the previous quarter to 468.8%. The numerical buffer above the statutory minimum of 120% has widened. - FY2021-Q2WorsenedAnnual report
「Net capital ratio (D)/(E) × 100 494.5% 429.7%」
The net capital ratio declined from 494.5% in the same quarter of the previous year to 429.7%. Although it remains above the statutory minimum of 120%, the numerical buffer has narrowed further. - FY2021-Q1WorsenedAnnual report
「Net capital ratio (D)/(E) × 100 501.2% 452.5%」
The net capital ratio declined from 501.2% in the same period of the previous year to 452.5%. Although it remains above the statutory minimum of 120%, the numerical buffer has narrowed. - FY2020WorsenedAnnual report
「Net capital ratio (%) 658.0 494.4 470.3 504.0 472.1」
The net capital ratio declined from 504.0% in the previous period to 472.1%. Although it remains above the statutory minimum of 120%, the numerical buffer has narrowed from the previous year. - FY2020-Q3WorsenedAnnual report
「Net capital ratio (D)/(E) × 100 514.9% 480.7%」
The net capital ratio declined from 514.9% in the same period of the previous year to 480.7%. Although it remains above the statutory minimum of 120%, the numerical buffer has narrowed year on year. - FY2020-Q2WorsenedAnnual report
「Capital adequacy ratio (D)/(E) × 100 502.0% 494.5%」
The net capital ratio declined from 502.0% in the same quarter of the previous year to 494.5%. Although it remains above the statutory minimum of 120%, the numerical buffer has narrowed year on year. - FY2020-Q1MitigatedAnnual report
「Capital adequacy ratio (D)/(E) × 100 478.8% 501.2%」
The capital adequacy ratio rose from 478.8% in the same period of the previous year to 501.2%, remaining substantially above the statutory minimum of 120%. - FY2019MitigatedAnnual report
「Capital adequacy ratio (%) 582.2 658.0 494.4 470.3 504.0」
The capital adequacy ratio rose from 470.3% in the previous fiscal year to 504.0%, substantially increasing the numerical headroom above the statutory minimum of 120%. - FY2019-Q3MitigatedAnnual report
「Capital adequacy ratio (D)/(E) × 100 494.1% 514.9%」
The capital adequacy ratio rose from 494.1% in the same period of the previous year to 514.9%, increasing the numerical headroom above the statutory minimum of 120%. - FY2019-Q2MitigatedAnnual report
「Capital adequacy ratio (D)/(E) × 100 488.7% 502.0%」
The capital adequacy ratio rose from 488.7% in the same period of the previous year to 502.0%, increasing the numerical headroom above the statutory minimum of 120%. - FY2019-Q1MitigatedAnnual report
「Capital adequacy ratio (D)/(E) × 100 476.0% 478.8%」
The capital adequacy ratio rose from 476.0% in the same period of the previous year to 478.8%, slightly increasing the numerical headroom above the statutory minimum of 120%. - FY2018-Q3WorsenedAnnual report
「Capital adequacy ratio (D)/(E) × 100 660.7% 494.1%」
The capital adequacy ratio fell from 660.7% in the same period of the previous year to 494.1%. Although it remained above the statutory minimum of 120%, the numerical headroom narrowed year on year. - FY2018-Q2WorsenedAnnual report
「Capital adequacy ratio (D)/(E) × 100 700.2% 488.7%」
The capital adequacy ratio fell from 700.2% in the same period of the previous year to 488.7%, narrowing the numerical headroom. - FY2018-Q1WorsenedAnnual report
「Capital adequacy ratio (D)/(E) × 100 743.5% 476.0%」
The capital adequacy ratio fell from 743.5% in the same period of the previous year to 476.0% at the end of the first quarter. - FY2017WorsenedAnnual report
「The capital adequacy ratio was 494.4%. Under the Financial Instruments and Exchange Act and the Cabinet Office Ordinance on Financial Instruments Business, financial instruments business operators are required to maintain a capital adequacy ratio of at least 120%.」
The capital adequacy ratio fell from 658.0% in the previous fiscal year to 494.4%. Although it remained above the statutory minimum of 120%, the numerical headroom narrowed. - FY2017-Q3MitigatedAnnual report
「Capital adequacy ratio (D)/(E) × 100 582.1% 660.7%」
The capital adequacy ratio rose from 582.1% in the same period of the previous year to 660.7%, increasing the numerical headroom above the statutory minimum. - FY2017-Q2MitigatedAnnual report
「Capital adequacy ratio (D)/(E) × 100 600.8% 700.2%」
The capital adequacy ratio rose from 600.8% in the same period of the previous year to 700.2%, increasing the numerical headroom above the statutory minimum. - FY2017-Q1MitigatedAnnual report
「Capital adequacy ratio (D)/(E) × 100 580.4% 743.5%」
The capital adequacy ratio rose from 580.4% in the same period of the previous year to 743.5%, increasing the numerical headroom above the regulatory ratio requirement. - FY2016First statedAnnual report
「Under the Financial Instruments and Exchange Act and the Cabinet Office Ordinance on Financial Instruments Business, financial instruments business operators are required to maintain a capital adequacy ratio of at least 120%.」
It indicates that the statutory minimum level is 120% or higher and that falling below this level could result in suspension of operations or cancellation of registration.