AIZAWA SECURITIES GROUP CO., LTD.
8708・Prime Market・Securities & Commodity Futures
Securities Business
Core business accounting for approximately 95% of group operating revenue. Provides face-to-face securities services.
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment Operating Revenue (External Customers) | ¥19,986 million | ¥17,803 million | ↑ |
| Segment Profit | ¥1,054 million | ¥255 million | ↑ |
| Segment Assets | ¥66,898 million | ¥61,127 million | ↑ |
| Depreciation | ¥360 million | ¥227 million | ↑ |
| Total Commissions Received (Consolidated) | ¥16,713 million | ¥14,190 million | ↑ |
| Brokerage Commissions (Consolidated) | ¥7,212 million | ¥5,769 million | ↑ |
| Other Commissions Received (Consolidated) | ¥6,149 million | ¥5,114 million | ↑ |
| Total Assets Under Custody (Securities Business) | ¥2,385,500 million (¥2.3855 trillion) | ¥1,966,200 million (up ¥419.3 billion from the end of the prior fiscal year) | ↑ |
| Stock-Type Product Assets Under Custody (Securities Business) | ¥563,900 million (¥563.9 billion) | ¥423,300 million (up ¥140.6 billion from the end of the prior fiscal year) | ↑ |
Business Details
The Securities Business, operated by Aizawa Securities Co., Ltd., focuses primarily on the sale and intermediation of stocks, investment trusts, wrap products, and other offerings for individual customers. The company is promoting a shift toward a companion-style business model that supports customers and their families' life plans through Goal-Based Approach (GBA) sales activities. It also operates a Platform Business in partnership with regional financial institutions and IFA (Independent Financial Advisor) firms, aiming to expand its customer base among the asset-building generation. In FY2026 (ending March 2026), the entire company promoted GBA-type sales as one, and the accumulation of stock-type product balances together with an increase in equity brokerage commissions advanced the transformation of the revenue structure.
Recent Overview
The transformation of the revenue structure advanced through full-branch rollout of GBA-type sales and accumulation of stock-type product balances.
In FY2026 (ending March 2026), the first year of the medium-term management plan, the company transitioned GBA-type sales activities from a few pilot branches to a full-branch rollout (April 2026). Favorable market conditions drove equity brokerage commissions up 25.0% year on year to ¥7,212 million, while other commissions received, including trust fees, grew 20.2% year on year to ¥6,149 million. Segment profit improved substantially to ¥1,054 million, up 313.2% year on year. While SG\u0026A expenses, including transaction-related costs, increased alongside the expansion of the Platform Business, the buildup of a stable revenue base through the accumulation of stock-type product balances is steadily progressing.
Key Products
Growth Drivers
- Further accumulation of stock-type product balances and continued growth in trust fees driven by the full-branch rollout of GBA-type sales activities (April 2026)
- Expansion of commissions received through increased equity brokerage trading (up 25.0% year on year in FY2026, ending March 2026)
- Expansion of the customer base among the asset-building generation through growth of the Platform Business (assets under custody of ¥365.7 billion, up ¥92.6 billion from the end of the prior fiscal year)
- Growth in stock-type product assets under custody (¥563.9 billion, up ¥140.6 billion from the end of the prior fiscal year), achieving a stable revenue structure less susceptible to market conditions
- Diversification of new customer acquisition channels through strengthened partnerships with regional financial institutions and IFA firms
Risks
- Increased SG\u0026A expenses, including transaction-related costs, associated with expansion of the Platform Business, pressuring profit (SG\u0026A expenses of ¥19,879 million in FY2026, ending March 2026, up 9.6% year on year)
- Risk of shrinking trading gains/losses due to a decline in over-the-counter foreign equity trading, among other factors (trading gains/losses on stocks, etc. of ¥2,078 million in FY2026, ending March 2026, down 17.2% year on year)
- Risk of significant fluctuation in commissions received and trading gains/losses due to volatility in domestic and overseas equity markets
- Risk of near-term revenue stagnation due to prioritizing the buildup of stock-type products (revenue structure transformation costs during the transition to GBA-type sales)
- Expansion of the fixed cost burden due to increased personnel expenses (¥9,462 million in FY2026, ending March 2026, up 4.0% year on year)
Last updated: June 24, 2026