YUTAKA TRUSTY SECURITIES CO., LTD.
8747・Standard Market・Securities & Commodity Futures
YUTAKA TRUSTY SECURITIES CO., LTD.
8747・Standard Market・Securities & Commodity Futures
YUTAKA TRUSTY SECURITIES CO., LTD. (single segment: commodity derivatives trading business, etc.)
A securities company operating a single segment integrating brokerage and proprietary trading of commodity and financial derivatives
| Period | Current | Previous | Change |
|---|---|---|---|
| Operating Revenue | ¥12,991 million | ¥7,662 million | ↑ |
| Net Operating Revenue | ¥12,969 million | ¥7,643 million | ↑ |
| Operating Income | ¥6,284 million | ¥2,074 million | ↑ |
| Ordinary Income | ¥6,368 million | ¥2,153 million | ↑ |
| Profit Attributable to Owners of Parent | ¥4,424 million | ¥1,915 million | ↑ |
| Commissions Received | ¥12,510 million | ¥7,537 million | ↑ |
| Trading Gains/Losses | ¥198 million (profit) | ¥27 million (profit) | ↑ |
| Earnings per Share | ¥779.11 | ¥343.86 | ↑ |
| Equity Ratio | 6.3% | 11.0% | ↓ |
| Total Assets | ¥286,450 million | ¥125,860 million | ↑ |
| Net Assets | ¥18,184 million | ¥13,800 million | ↑ |
| Net Assets per Share | ¥3,196.05 | ¥2,440.62 | ↑ |
| Total Commodity Derivatives Trading Volume | 1,387 thousand lots | up 9.3% year on year | ↑ |
| Total Financial Instruments Trading Volume | 1,999 thousand lots | down 14.4% year on year | ↓ |
| Annual Dividend per Share | ¥210.00 | ¥86.00 | ↑ |
| Dividend Payout Ratio | 27.0% | 25.0% | ↑ |
Business Details
The company's three pillars are commodity derivatives trading (gold, platinum, crude oil, etc.) on the Osaka Exchange, Tokyo Commodity Exchange, and Dojima Exchange, and the Exchange Stock Index Margin Trading "Yutaka CFD", Exchange Foreign Exchange Margin Trading "Yutaka24", and Stock Index Futures Trading on the Tokyo Financial Exchange. The company operates brokerage and proprietary trading businesses in parallel, expanding its customer base through a face-to-face sales network and seminars for individual investors utilizing the video content "Yutaka TV". Brokerage commissions received account for the majority of operating revenue, giving the company an earnings structure that tends to move in tandem with market volatility.
Recent Overview
In FY2026 (ending March 2026), both operating revenue and operating income significantly exceeded past record levels, with net income up 131% year on year
For the full year of FY2026 (ending March 2026), operating revenue was ¥12,991 million (up 69.6% year on year), operating income was ¥6,284 million (up 203.0% year on year), and profit attributable to owners of parent was ¥4,424 million (up 131.0% year on year), achieving substantial increases in both revenue and profit. Gold prices reaching a new all-time high (¥28,498 in the domestic market), a sharp surge in crude oil prices (briefly exceeding ¥93,000 in the domestic market), and heightened market volatility stemming from U.S. reciprocal tariff policy and geopolitical risks pushed up trading volume in commodity derivatives trading, with commissions received reaching ¥12,510 million (up 66.0% year on year). Meanwhile, an increase of ¥150,559 million in margin deposits received caused total assets to swell to ¥286,450 million, and the equity ratio declined to 6.3% (from 11.0% at the end of the prior fiscal year). The company has not disclosed earnings forecasts for FY2027 (ending March 2027) citing market uncertainty, and the dividend forecast also remains undetermined. The new medium-term vision calls for strengthening the product lineup through the acquisition of trading qualifications on the Tokyo Stock Exchange.
Key Products
Growth Drivers
- Gold prices reaching a new all-time high (¥28,498 in the domestic market, $5,586.2 in the New York market) activated trading in the precious metals market and increased commission income
- Rising market volatility driven by U.S. reciprocal tariff policy, Middle East geopolitical risk, and widening Japan-U.S. interest rate differentials boosted commodity and financial derivatives trading volume
- A sharp surge in crude oil prices (NY crude oil reaching $119.48 following the U.S. and Israeli attacks on Iran, with the domestic market briefly exceeding ¥93,000) activated commodity derivatives trading
- Trading gains/losses improved substantially to a profit of ¥198 million (up 614.1% year on year), expanding revenue sources beyond commissions received
- Strengthening of the product lineup and expansion of the customer base through the acquisition of trading qualifications on the Tokyo Stock Exchange based on the new medium-term vision
- Increased activity in exchange foreign exchange margin trading "Yutaka24" due to heightened foreign exchange market volatility (USD/JPY ranging from below ¥140 to the ¥160 level)
Risks
- Risk of a sharp decline in trading volume and commission income due to reduced volatility in commodity and financial markets (the main reason for non-disclosure of earnings and dividend forecasts)
- Expansion of total assets and decline in the equity ratio (6.3%) due to a sharp increase in margin deposits received (¥214,967 million)
- Total financial instruments trading volume down 14.4% year on year, continuing a structural downward trend
- Constraints on new customer acquisition due to the "prohibition of unsolicited solicitation" regulation in the commodity derivatives trading business
- Risk of commodity trading incidents and financial instruments trading incidents, as indicated by the litigation loss provision balance of ¥129 million (¥163 million at the end of the prior fiscal year)
- Downside risk to earnings from a decline in market volatility as U.S. reciprocal tariff policy and geopolitical risks subside
- A sharp increase in the provision for doubtful accounts to ¥113 million (from ¥20 million in the prior fiscal year), requiring attention to rising customer credit risk
Last updated: June 25, 2026