Industries›13 companies · latest full-year results
An industry that provides brokerage for stocks and bonds, underwriting services for corporate fundraising, and investment trust management.
The 13 securities companies we cover had combined revenue of ¥7.0T (+3.9% year over year) and operating profit of ¥961.5B, an industry-wide operating margin of 13.8%.
Nomura leads on revenue (¥4.8T, a 68.4% share), and the top three hold 92% of industry sales. 10 grew both revenue and operating profit; 1 saw both fall.
JPX has the highest operating margin (58.5%); average pay across the industry is ¥10.9M, highest at Daiwa (¥16.3M).
Industry total
Securities · 13 companies
YoY compares companies with prior-year figures
StockShares are +20.4% over a year, ahead of the all-industry average (+14.9%) — #15 of 53 industries. Over the last month: −10.2%, −7.5pt against the market.Details
GuidanceCompany plans for FY2027 (2 companies combined): operating profit +29.6%. Planned profit growth is above the all-industry plan (+13.0%).Details
Revisions1 raised and 0 cut this year's forecast. The biggest revision: JPX (operating profit +34.3%).Details
None
Disclosures4 TSE filings in the last 90 days (dividends 1, M&A and restructuring 1, buybacks 1).Details
Earnings dates2 companies report within 30 days, starting with Monex on Nov 9 and JSF on Nov 12.Details
Plans are each company's forecast for the current year from its earnings release. Plan change compares with last year's results; revisions compare the latest forecast with the first one given for the year. Progress is cumulative operating profit ÷ the full-year plan, against an even pace of 25% after Q1, 50% after Q2 and 75% after Q3 (a rough guide for seasonal businesses).
| Change | 1M | 3M | 1Y |
|---|---|---|---|
| Securities | −10.2% | −6.9% | +20.4% |
| All industries | −2.7% | −0.9% | +14.9% |
| vs. market | −7.5pt | −5.9pt | +5.4pt |
Rank among industries:3M #44/531Y #15/53
Industry returns are an equal-weighted (geometric) average of member companies. Prices are split-adjusted closes for reference, not real-time.
Totals for the 3 covered companies with full-year results for every year from FY2022 to FY2026. The set is fixed, so adding or removing coverage doesn't move the figures.
Average salary is the reporting entity's figure (often a holding company) from its annual securities report. Holding companies with fewer than 50 staff are excluded.
| Company | Revenue | YoY | Operating profit | Margin | Share | Average salary | Average age | Employees |
|---|---|---|---|---|---|---|---|---|
| 1 | ¥4.8T | +0.5% | ¥539.8B | 11.3% | 68.4% | ¥14.2M | 45.0 | 204 |
| 2 | ¥1.5T | +7.0% | ¥207.3B | 14.1% | 21.1% | ¥16.3M | 40.9 | 494 |
| 3 | ¥198.7B | +22.5% | ¥116.3B | 58.5% | 2.9% | ¥11.1M | 47.3 | 220 |
| 4 | ¥114.2B | +92.0% | ¥14.0B | 12.3% | 1.6% | ¥10.2M | 44.1 | 215 |
| 5 | ¥97.7B | +13.2% | ¥14.8B | 15.2% | 1.4% | ¥7.90M | 38.9 | 155 |
| 6 | ¥95.6B | +16.7% | ¥18.7B | 19.6% | 1.4% | ¥11.3M | 45.0 | 67 |
| 7 | ¥83.6B | +13.3% | - | - | 1.2% | ¥9.43M | 43.5 | 57 |
| 8 | ¥52.7B | +34.3% | ¥23.5B | 44.6% | 0.8% | ¥11.5M | 37.3 | 227 |
| 9 | ¥32.3B | +25.3% | ¥13.0B | 40.3% | 0.5% | - | - | - |
| 10 | ¥21.7B | +15.3% | ¥5.4B | 24.7% | 0.3% | ¥7.73M | 35.5 | 1,130 |
11 | ¥21.6B | −23.3% | ¥5.6B | 25.9% | 0.3% | ¥13.7M | 43.2 | 133 |
| 12 K | ¥8.3B | +4.1% | ¥3.0B | 36.5% | 0.1% | ¥8.38M | 44.3 | 227 |
13 | - | - | - | - | - | ¥9.57M | 48.1 | 231 |
| Industry total / average | ¥7.0T | +3.9% | ¥961.5B | 13.8% | 100% | ¥10.9M | 42.8 | 3,360 |
Revenue and operating profit are from each company's latest full-year results. Green margins are at or above the industry margin. Financial institutions may not report operating profit.
JPX: JPX Raises Full-Year Profit Forecast on Trading Volume Surge
Daiwa Q1 FY2027: Ordinary Profit Soars 101% to ¥88bn on Market Boom
