【Japan Securities Finance】 Latest Developments in Capital Costs and Shareholder Dialogue ｜ May 2026

Business Performance Overview

Japan Securities Finance achieved a consolidated ordinary income of 14.9 billion yen and an ROE of 7.8％ in fiscal year 2025, surpassing the targets of the plan. As part of shareholder return, the dividend was increased to 86 yen, and treasury stock acquisitions totaled 3.4 billion yen. Capital costs are estimated to be in the low 6% range, and the company's stock market valuation remains stable with a PBR over 1 and shareholder total return exceeding TOPIX. Long-term management outlook emphasizes supporting infrastructure in securities and financial markets, aiming to achieve an ROE of 8％ and sustainable growth.

Shareholder Dialogue and Future Outlook

In fiscal year 2025, around 30 dialogues with shareholders and investors were conducted, primarily led by the President and CEO, covering management strategies, profitability structure, and external environment changes. Investors highly evaluated initiatives to strengthen earnings base and improve capital efficiency. The company will continue to maintain a high dividend payout ratio and focus on achieving the mid-term management plan with an ROE of 8％. Active engagement with overseas investors, particularly in Asia, is also underway to enhance global presence.