Aizawa Securities Group Co Ltd Balance Sheet - Aizawa Securities Group Co Ltd

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Price: 1 548 JPY 3.06% Market Closed

Market Cap: ¥61.2B

	Aizawa Securities Group Co Ltd TSE:8708	JP
O	OMV AG SWB:OMV	AT
N	Neotech Metals Corp CNSX:NTMC	CA
	China Gold International Resources Corp Ltd F:JI3	CA
	American Homes 4 Rent LSE:0HEJ	US

Financial profile · Q2 FY2027

A fee-led securities franchise with thin, market-sensitive operating margins

Recurring trust and wrap fees sit alongside transaction-linked brokerage and investment-related revenue, creating both repeatable and market-sensitive earnings streams. Operating profit has been volatile around a thin cost base, while working-capital swings—not fixed-asset spending—have driven sharp variation in reported cash generation.

What is developing

The latest September quarter improved operating profit from a year earlier, but net income and EPS declined as the tax charge rose. This is progress in operating contribution, not evidence that the historically thin-margin, volatile cash-conversion model has fundamentally changed.

What matters next

Whether trailing operating margins improve further as recurring trust and wrap-fee revenue continues to grow.

Metric	FY2017 Mar 2017	FY2018 Mar 2018	FY2019 Mar 2019	FY2020 Mar 2020	FY2021 Mar 2021	FY2022 Mar 2022	FY2023 Mar 2023	FY2024 Mar 2024	FY2025 Mar 2025	FY2026 Mar 2026
Cash & Cash Equivalents	16.5B	12.5B	11.9B	15.6B	16.7B	19.1B	14.1B	24B	14.4B	24.2B
Cash Equivalents	16.5B	12.5B	11.9B	15.6B	16.7B	19.1B	14.1B	24B	14.4B	24.2B
Short-Term Investments	2.6B	1.5B	1.3B	1.8B	2.8B	10B	11.7B	13.2B	13.2B	12.8B
Total Receivables	26.4B	35.3B	20.1B	13.7B	15.8B	15.7B	15.4B	17B	16.4B	16.3B
Accounts Receivables	0	(1m)	0	0	0	—	—	—	671m	845m
Other Receivables	26.4B	35.3B	20.1B	13.7B	15.8B	—	—	—	15.7B	15.4B
Other Current Assets	22.8B	24.3B	22.2B	23.7B	29.1B	24.6B	22.3B	29.9B	26.1B	28.5B
Total Current Assets	68.4B	73.6B	55.5B	54.8B	64.4B	69.5B	63.5B	84B	70B	81.8B
PP&E Net	3.8B	3.8B	3.8B	4.5B	6.7B	8.2B	9.9B	10.9B	11.2B	11.2B
PP&E Gross	3.8B	3.8B	3.8B	4.5B	6.7B	8.2B	9.9B	10.9B	11.2B	11.2B
Accumulated Depreciation	(3.4B)	(3.4B)	(3.4B)	(3.4B)	(3.1B)	(2.5B)	(2.4B)	(2.6B)	(2.6B)	(2.8B)
Intangible Assets	71m	65m	66m	58m	77m	59m	31m	33m	32m	40m
Goodwill	—	—	—	—	295m	182m	69m	—	—	—
Long-Term Investments	22.7B	26.7B	25.2B	24.5B	33.5B	24.8B	23.4B	26.1B	25.2B	28.5B
Other Long-Term Assets	1.8B	1.9B	1.5B	1.3B	2.1B	2B	1.8B	3.1B	3B	2.7B
Other Assets	—	—	—	—	295m	182m	69m	—	—	—
Total Assets	96.8B	106.1B	85.9B	85.1B	107.1B	104.7B	98.8B	124.1B	109.5B	124.3B
Accounts Payable	1.7B	626m	1.3B	974m	1.3B	676m	790m	807m	549m	320m
Accrued Liabilities	1.1B	854m	315m	464m	683m	450m	311m	831m	746m	854m
Short-Term Debt	13.2B	17.8B	5.3B	5.4B	7.3B	9.7B	10.1B	14B	19.5B	23.3B
Current Portion of Long-Term Debt	—	—	—	0	0	—	—	—	845m	342m
Other Current Liabilities	22.8B	24.9B	21.6B	25.5B	32.8B	27.6B	23.2B	37.4B	29.5B	37B
Deferred Revenue	—	—	—	—	—	—	—	—	18m	77m
Total Current Liabilities	38.8B	44.2B	28.4B	32.4B	42B	38.4B	34.4B	53B	51.2B	61.9B
Long-Term Debt	0	0	0	0	934m	3B	5.6B	6.3B	5.2B	5.3B
Deferred Income Tax	3.3B	3.9B	3.1B	2B	5.2B	4.6B	4.3B	5.6B	5B	6B
Minority Interest	—	—	—	—	534m	2.3B	3B	3B	3B	3B
Other Liabilities	841m	792m	792m	632m	668m	665m	534m	591m	630m	684m
Total Liabilities	42.9B	48.9B	32.3B	35B	49.3B	49B	47.8B	68.5B	65B	76.8B
Common Stock	8B	8B	8B	8B	8B	8B	8B	8B	8B	8B
Retained Earnings	31.5B	32.9B	32B	31.8B	35.4B	36.9B	33.4B	35.5B	28.2B	27.9B
Additional Paid In Capital	8.1B	8.1B	7.9B	8.1B	8.1B	8.1B	8.2B	8.2B	7.8B	7.8B
Unrealized Security Profit/Loss	7.4B	9.3B	6.7B	4B	9.6B	7.4B	6.6B	9.3B	8B	11.2B
Treasury Stock	(1.2B)	(1.2B)	(988m)	(1.6B)	(3.3B)	(4.8B)	(5.5B)	(6.2B)	(8.5B)	(8.4B)
Other Equity	164m	159m	62m	(161m)	78m	67m	256m	806m	1B	989m
Total Equity	53.9B	57.2B	53.6B	50.1B	57.8B	55.7B	51B	55.7B	44.6B	47.5B
Total Liabilities & Equity	96.8B	106.1B	85.9B	85.1B	107.1B	104.7B	98.8B	124.1B	109.5B	124.3B
Common Shares Outstanding	43.2m	43.2m	42.9m	42.4m	40m	38.7m	37.8m	37.1m	31.1m	31.2m