Interim results of three major securities companies: Decrease in commission income on individual sales by more than 10% October 31 18:57
Although the three major securities companies have completed their interim financial results and all three companies have been profitable, the commission income associated with buying and selling individual stocks has decreased by more than 10% from the same period last year. As companies are increasingly interested in building assets for their retirement, companies are looking to strengthen their sales.
According to the interim financial results announced by the three major securities companies, the largest profit was Nomura Holdings, whose largest profit changed from a deficit of 6 billion yen in the previous fiscal year to a surplus of 194.4 billion yen.
“Daiwa Securities Group Headquarters” lost 8% compared to the previous fiscal year, but had a surplus of 33.3 billion yen, while “SMBC Nikko Securities” was 41% lower at 16.4 billion yen.
However, the commission income associated with buying and selling shares of individual customers, which is one of the pillars of earnings for all three companies, has decreased.
Even in the current financial results, compared to the same period of the previous year, 10% for Nomura and 14% for Yamato have reduced commission income, and explained that SMBC Nikko also decreased by about 20%.
However, as the interest in personal asset formation, such as provision of funds for retirement, has increased, each company intends to strengthen its sales.
Takumi Kitamura, CFO of Nomura Holdings, said at the press conference that “the need for securities will increase in the future due to a review of the pension system.