Overview
Other Financing Business

Japan Securities Finance Co.,Ltd.

Japan Securities Finance Co., Ltd. (日証金) is Japan's leading securities finance company, licensed under the Financial Instruments and Exchange Act to provide margin transaction financing (貸借取引), general lending of cash and securities, bond lending, and stock lending services to securities firms, institutional investors, and individual investors. The company also conducts registered financial institution operations including securities management and repo transactions in Japanese government bonds. Through its consolidated subsidiaries, the group additionally operates trust banking services (Nisshokin Trust Bank) and real estate leasing and management (Nippon Building Co., Ltd.).

Market Cap
¥171B
US$1.09B
EV
¥—B
Stock¥2,118▼-1.76%
US$1 = ¥157.05 (2026-10-22)
ROE
8.6%
* LTM NI / end-of-period equity
PBR
1.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-3.6%pt
10012
Oct 23, 25 – Oct 23, 26StockTOPIX
1Aug 10, 26Symphony Financial Partners (Singapore) Pte. Ltd. changed stake (23.29%→22.23%)
2Oct 15, 26Symphony Financial Partners (Singapore) Pte. Ltd. changed stake (22.23%→21.02%)
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Performance & Balance
Revenue 5Y (¥B)
30.1US$192M'22/342.5US$271M'23/350.0US$318M'24/359.5US$379M'25/3114US$727M'26/3
EBITDA 5Y (¥B)
7.43US$47.3M'22/37.04US$44.8M'23/310.6US$67.2M'24/311.8US$75.2M'25/314.5US$92.1M'26/3
Net Income 5Y (¥B)
5.17US$32.9M'22/35.97US$38.0M'23/38.03US$51.1M'24/310.4US$66.1M'25/310.6US$67.6M'26/3
Capital Structure
89%
EquityD/E 8.30xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
2,342US$14.9B739US$4.71B'22/32,344US$14.9B777US$4.95B'23/32,561US$16.3B1,147US$7.31B'24/31,980US$12.6B847US$5.39B'25/31,590US$10.1B1,268US$8.08B'26/3
Shareholders
Top 10 hold 53.0%
1
THE SFP VALUE REALIZATION MASTER FUND LTD. (Standing Proxy: Tachibana Securities Co., Ltd.)
16.69%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
10.98%
3
Capital Markets Promotion Foundation
5.70%
4
JP MORGAN CHASE BANK 385642 (Standing Proxy: Mizuho Bank, Ltd.)
5.63%
5
Mizuho Bank, Ltd.
4.33%
6
Custody Bank of Japan, Ltd. (Trust Account)
3.23%
7
Sumitomo Mitsui Trust Bank, Limited
1.82%
8
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.68%
9
RBC IST 15 PCT LENDING ACCOUNT - CLIENT ACCOUNT (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.56%
10
BNYM AS AGT/CLTS 10 PERCENT (Standing Proxy: MUFG Bank, Ltd.)
1.38%
Management
8 officers
Kensuke FUTAKOISHI
Director
Apr 1977 Joined Sanwa Bank, Ltd. Apr 2001 General Manager, Retail Planning Department, UFJ Holdings, Inc. Jan 2002 General Manager, Gotanda Corporate Business Department and Gotanda Branch Manager, UFJ Bank Limited Oct 2003 Joined I-Bank Bank, Ltd. (now Seven Bank, Ltd.) Jun 2004 Director, Seven Bank, Ltd. Jun 2006 Director and Executive Officer, Seven Bank, Ltd. Nov 2007 Managing Director and Executive Officer, Seven Bank, Ltd. Jun 2009 Senior Managing Director and Executive Officer, Seven Bank, Ltd. Jun 2010 Representative Director, President, Seven Bank, Ltd. Jun 2018 Representative Director, Chairman, Seven Bank, Ltd. Mar 2026 Special Adviser, Seven Bank, Ltd. (current) Director, the Company (current) Outside Director, SYCS Co., Ltd. (current)
1952-10-06
Takayoshi YAMAKAWA
Director
Apr 1991 Joined Yokogawa Hewlett-Packard Co., Ltd. Oct 1995 Joined The Boston Consulting Group Jun 2000 Co-founder, Director and CTO, Dream Incubator Inc. Jun 2005 Director and Vice President, Dream Incubator Inc. Jun 2006 Representative Director, President, Dream Incubator Inc. (retired Jun 2020) Jul 2020 Representative Partner, Business Producer LLC (current) Jan 2021 Outside Director, BitStar Inc. (current) Apr 2021 Outside Director, Baseconnect Inc. Jun 2021 Outside Director, Akatsuki Securities Co., Ltd. (current) Jun 2025 Outside Director, F-PICO Co., Ltd. (current) Jun 2025 Director, the Company (current) Outside Director, Kansai Airports Co., Ltd. (current)
1965-10-02
Kyoyo TANAKA
Director
Mar 1979 Joined Asahi Kasei Kogyo K.K. (now Asahi Kasei Corporation) Jun 2011 Representative Director, President, Asahi Kasei Ability Co., Ltd. Apr 2014 Representative Director, President, Asahi Kasei Amidas Co., Ltd. Feb 2017 Employer Member, Central Labour Relations Commission Jun 2022 Outside Director, Janome Sewing Machine Co., Ltd. Jun 2022 Managing Director, Japan Association for International Business Communication (general incorporated association) Jun 2025 Director, the Company (current)
1956-08-13
Seiki KUSHIDA
Director
May 2008 Joined the Bank of Japan Mar 2009 Director-General, General Affairs and Personnel Bureau, Bank of Japan Jun 2010 Director-General, Planning Bureau, Bank of Japan May 2011 Manager, Nagoya Branch, Bank of Japan Mar 2013 Executive Director, Bank of Japan Apr 2017 Senior Adviser, American Family Life Assurance Company of Japan (now Aflac Life Insurance Japan Ltd.) May 2019 Adviser, the Company Jun 2019 Director, Representative Executive Officer and President, the Company Outside Director, DENSO Corporation Director, Nisshokin Trust Bank, Ltd. (current) Director, Japan Electronic Computer Co., Ltd. (current) Jun 2026 Chairman of the Board, the Company (current) Director, Nihon Building Co., Ltd. (scheduled)
1958-06-08
Morikuni SHIMOYAMADA
Director
Apr 1986 Joined The Industrial Bank of Japan, Limited Apr 2011 General Manager, Global Human Resources Strategy Department, Mizuho Corporate Bank, Ltd. Jul 2011 Deputy General Manager, Group Human Resources Department, Mizuho Financial Group, Inc. Apr 2013 President & CEO, Mizuho Alternative Investments, Inc. Jun 2015 Adviser, Funding and Securities Department, the Company Jun 2016 General Manager, Financial and Securities Sales Department and Adviser, Business Development Department (International Relations), the Company Jun 2017 Executive Officer and General Manager, Financial and Securities Sales Department, the Company Apr 2020 Executive Officer and General Manager, Business Development Department, the Company Apr 2022 Managing Executive Officer, the Company Apr 2023 Senior Managing Executive Officer, the Company Apr 2026 Representative Executive Officer and President, the Company (current)
1962-12-06
Naotaka OBATA
Director, Chairman of the Board
Apr 1968 Joined The Mitsubishi Bank, Ltd. May 1999 Managing Director, The Tokyo-Mitsubishi Bank, Ltd. Jan 2004 Senior Managing Executive Officer, The Tokyo-Mitsubishi Bank, Ltd. Jun 2004 Deputy President, The Tokyo-Mitsubishi Bank, Ltd. Jun 2005 President, Diamond Lease Co., Ltd. Apr 2007 President, Mitsubishi UFJ Lease & Finance Company Limited (now Mitsubishi HC Capital Inc.) Jun 2010 Chairman, Mitsubishi UFJ Lease & Finance Company Limited Jun 2012 Senior Adviser, Mitsubishi UFJ Lease & Finance Company Limited Jun 2018 Special Adviser, Mitsubishi UFJ Lease & Finance Company Limited Jun 2019 Director and Chairman of the Board, the Company (current) Jun 2023 Honorary Adviser, Mitsubishi HC Capital Inc. (current)
1944-10-15
Akiko SEKIZAWA
Director
Oct 1996 Joined Century Audit Corporation (now EY ShinNihon LLC) Apr 2001 Registered as Certified Public Accountant Dec 2001 Joined American Life Insurance Company May 2006 Joined ShinNihon Audit Corporation (now EY ShinNihon LLC) Sep 2013 Joined AXA Life Insurance Co., Ltd. Jan 2019 Joined Goldman Sachs Securities Co., Ltd. May 2021 Joined Citigroup Securities Co., Ltd. Apr 2023 Inspector, Inspection Division, Inspection and Supervision Department, Minister's Secretariat, Ministry of Agriculture, Forestry and Fisheries Jun 2026 Director, the Company (scheduled) Outside Audit & Supervisory Board Member, JA Mitsui Leasing, Ltd. (scheduled)
1972-06-17
Aya HIRAI
Director
Oct 2003 Registered as attorney; joined Anderson Mori & Tomotsune Jan 2013 Joined SoftBank Mobile Corp. (now SoftBank Corp.) Aug 2014 Joined Industrial Growth Platform, Inc. (IGPI) Apr 2016 Joined Civil Aviation Bureau, Ministry of Land, Infrastructure, Transport and Tourism Jul 2018 Partner Attorney, Kotobuki Law Office Apr 2021 Partner Attorney, Miura & Partners (current) Dec 2021 Outside Audit & Supervisory Board Member, Technisco Ltd. (current) Jan 2023 Outside Director (Audit and Supervisory Committee Member), ADK Holdings Inc. (current) Feb 2024 Outside Audit & Supervisory Board Member, MEEK Co., Ltd. (current) Jun 2026 Director, the Company (scheduled)
1976-04-05
Large Shareholding Reports
Symphony Financial Partners (Singapore) Pte. Ltd.
2026-10-22
21.02%→19.95%
Symphony Financial Partners (Singapore) Pte. Ltd.
2026-10-15
22.23%→21.02%
Symphony Financial Partners (Singapore) Pte. Ltd.
2026-08-10
23.29%→22.23%
Symphony Financial Partners (Singapore) Pte. Ltd.
2025-10-17
24.15%→23.29%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-09-19
2.12%→2.04%
Symphony Financial Partners (Singapore) Pte. Ltd.
2024-08-09
23.08%→24.15%
Strategic Capital, Inc.
2024-02-05
5.04%→3.96%
Symphony Financial Partners (Singapore) Pte. Ltd.
2023-04-27
21.91%→23.08%
Strategic Capital, Inc.
2022-03-22
5.04%→5.04%
Strategic Capital, Inc.
2022-03-17
5.01%→5.04%
Symphony Financial Partners (Singapore) Pte. Ltd.
2022-02-15
20.85%→21.91%
Symphony Financial Partners (Singapore) Pte. Ltd.
2021-12-16
19.77%→20.85%
Symphony Financial Partners (Singapore) Pte. Ltd.
2021-10-12
18.73%→19.77%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-22
Large Shareholding Report
EDINET
2026-10-15
Large Shareholding Report
EDINET
2026-08-10
Large Shareholding Report
TDnet
2026-08-06
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-05-14
Securities Registration Statement
TDnet
2026-02-12
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-10-17
Large Shareholding Report
EDINET
2025-09-19
Large Shareholding Report
TDnet
2025-08-07
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-14
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2024-08-09
Large Shareholding Report
TDnet
2024-08-02
Q1 Earnings Flash
FY ending Mar 2025
EDINETAmended
2024-07-05
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-05-07
Securities Registration Statement
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2024-02-05
Large Shareholding Report
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-04-27
Large Shareholding Report
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-24
Annual Securities Report
EDINET
2022-03-22
Large Shareholding Report
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