Nissan Securities Group Co., Ltd.
8705・Standard Market・Securities & Commodity Futures
Nissan Securities Group Co., Ltd.
8705・Standard Market・Securities & Commodity Futures
Business
Nissan Securities Group Co., Ltd. operates as a pure holding company, conducting financial instruments business and commodity futures business primarily through its core subsidiary, Nissan Securities Co., Ltd. Its main business is the brokerage and intermediation of equities, investment trusts, derivatives, and commodity futures trading, serving individual investors as well as domestic and overseas corporate clients. In addition, the group provides a wide range of financial services—including precious metals sales such as gold bullion and gold savings plans, margin finance (money lending business), information distribution services, financial instruments intermediary business, and proprietary trading—through six consolidated subsidiaries. In 2020, Okato Holdings and Nissan Securities underwent a business integration, and the company changed to its current name in 2022. It is listed on the Standard Market of the Tokyo Stock Exchange.
Business Model
Operating revenue of ¥8,631 million breaks down into brokerage commissions of ¥7,574 million (87.7%), trading gains/losses of ¥221 million, and financial income of ¥679 million. Brokerage commissions are led by commodity-related market derivatives transactions of ¥3,289 million, supplemented by equities, investment trusts, margin transactions, and others. Financial income expanded due to an increase in the balance of margin finance (loans on margin products, credit transaction loans, etc.). Operating profit came to ¥1,467 million after deducting selling, general and administrative expenses of ¥7,070 million.
Company Strengths
Total trading value of gold standard futures at core subsidiary Nissan Securities increased 228.0% year on year, and commission received from commodity-related market derivative trading amounted to ¥3,289 million (43.4% of total commission received). Commission received from commodity-related overseas market trading expanded rapidly, up 273.5% year on year, with the customer base and execution capabilities in the commodity futures field forming the core pillar of revenue.
The company offers a wide range of products and services including equities, investment trusts, margin trading, commodity futures, precious metals sales, gold accumulation savings, Margin Finance Service, Information Distribution & System Operation Services, financial instruments intermediary services, and proprietary trading. It has continuously expanded its business portfolio through M&A and new establishments, such as making Nissan Securities Investment a subsidiary in January 2024 and establishing NS Trade LLC in February 2026.
The company has explicitly set a management target of a consolidated total payout ratio of 60% or more, including share buybacks. In FY2026 (ending March 2026), it paid ¥382 million in dividends and conducted ¥449 million in share buybacks, continuing shareholder returns while maintaining net assets of ¥12,658 million. Efficient allocation of management resources across the group under the holding company structure also functions as a means of improving capital efficiency.
ENVALITH's Perspective
Performance Trend
Operating revenue rose to ¥8,631 million in FY2026 (ending March 2026) (up 17.1% year on year), marking a new high for the past five fiscal years. Operating profit reached ¥1,467 million (up 105.9% year on year), and net income attributable to owners of the parent came to ¥953 million (up 171.7% year on year), representing a substantial improvement. Externally, factors such as NY gold futures breaking above $5,000 for the first time in history and the Nikkei Average hitting record highs drove increased trading activity, with the value of gold standard futures transactions expanding sharply, up 228.0% year on year. Commissions received of ¥7,574 million (up 14.1% year on year) and financial income of ¥679 million (up 226% year on year) boosted revenue. Selling, general and administrative expenses came to ¥7,071 million (up 7.1% year on year), with the increase in costs remaining modest relative to the increase in revenue, reflecting the effect of operating leverage. This marks a clear reversal from the profit decline in FY2025, with the revenue trend now in an accelerating phase.
Growth Strategy
Aiming to move away from market-dependent business structure through leveraging advantages in gold-related products, developing new services, and capital-efficient management
In the mainstay gold standard futures brokerage business, trading value expanded rapidly, up 228.0% year on year. The company newly established a "Precious Metals Custody Service with Custody Fees," opening up a new revenue source that allows efficient utilization of customers' precious metal bullion while it remains in custody. Brokerage commissions for overseas market transactions related to commodity trading also expanded rapidly, up 273.5% year on year, with global expansion also progressing.
Financial income expanded to ¥679 million (approximately 4.3 times the previous fiscal year) due to the expansion of balances in lending products, margin trading loans, short-term loans, and other items. By building up non-commission revenue through utilization of the balance sheet, the company is strengthening its function of supporting earnings during periods of market downturn. Balance management and credit risk control remain ongoing challenges.
The "Response Toward Realizing Management Conscious of Capital Costs and Share Price" announced in June 2024 was updated and re-announced in June 2025. Under the policy of a total payout ratio of 60% or more, in FY2026 (ending March 2026) the company implemented an annual dividend of ¥15.00 and repurchased 2,394,600 shares of treasury stock. ROE improved to 7.7%, and net assets per share also rose to ¥257.36.
The company regularly holds IR seminars targeting individual investors and shareholders, strengthening dialogue with investors. Together with treasury stock repurchases aimed at improving the tradable share ratio, the company continues efforts aimed at improving its evaluation by the market.
Last updated: July 19, 2026