Overview
Securities and Commodities Futures

AIZAWA SECURITIES GROUP CO.,LTD.

Aizawa Securities is a full-service securities firm offering retail and institutional brokerage services across Japanese and international equities, bonds, and investment trusts, along with discretionary asset management services such as fund wrap products. The company also conducts investment and venture capital activities through subsidiaries, operates a financial product intermediary business, and holds a stake in a Vietnamese securities company (Japan Securities Co., Ltd.). Its competitive strengths include a nationwide branch network, a long-established client base, and broad access to Asian and global equity markets.

Market Cap
¥46.8B
US$298M
EV
¥—B
Stock¥1,499▲+0.67%
US$1 = ¥157.25 (2026-10-30)
ROE
7.6%
* LTM NI / end-of-period equity
PBR
1.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-8.0%pt
100
Nov 4, 25 – Oct 30, 26StockTOPIX
AI Briefing
Aizawa Securities: century-old full-service broker with nationwide branches, retail/institutional brokerage and asset management, plus a Vietnamese securities stake. FY26/3 revenue ¥21.0B but operating profit near breakeven at ¥0.0B, a sharp step-down from FY25/3's ¥1.9B OP, as EBITDA fwd guidance slips to ¥0.7B. Founder-family holdings remain concentrated through Aizawa Real Estate and family members, underscoring continued family control over the listed entity.
Performance & Balance
Revenue 5Y (¥B)
16.1US$102M'22/312.8US$81.1M'23/319.0US$121M'24/320.6US$131M'25/321.0US$133M'26/3
EBITDA 5Y (¥B)
-0.08-US$0.50M'22/3-2.42-US$15.4M'23/31.38US$8.74M'24/32.15US$13.7M'25/30.43US$2.72M'26/3
Net Income 5Y (¥B)
2.90US$18.4M'22/3-2.38-US$15.1M'23/32.98US$18.9M'24/33.17US$20.2M'25/32.75US$17.5M'26/3
Capital Structure
66%
34%
EquityD/E 0.51xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
43.9US$279M6.83US$43.4M'22/337.6US$239M12.0US$76.5M'23/350.1US$318M12.4US$78.8M'24/339.6US$252M14.8US$94.3M'25/352.8US$336M12.8US$81.6M'26/3
Shareholders
Top 10 hold 45.7%
1
Aizawa Fudosan Co., Ltd.
15.79%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
5.20%
3
Takuya AIZAWA
4.49%
4
Keiko SUZUKI
3.80%
5
Motoya AIZAWA
3.62%
6
Nomura Research Institute,Ltd.
3.12%
7
Custody Bank of Japan, Ltd. (Trust Account)
2.84%
8
The 77 Bank,Ltd.
2.54%
9
SMBC Trust Bank Ltd. (Retirement Benefit Trust, Sumitomo Mitsui Banking Corporation Account)
2.39%
10
Sumitomo Realty & Development Co.,Ltd.
1.93%
Management
13 officers
Takuya AIZAWA
Representative Director, President and Executive Officer
Oct 1997 Joined Nomura Research Institute, Ltd. Jul 2005 Joined the Company Mar 2010 Officer, Senior Manager of Planning Department, the Company Jun 2012 Director, the Company May 2013 Director, Hachiman Securities Co., Ltd. (now the Company) Jun 2014 Senior Managing Director, General Manager of Administration Division, the Company Jun 2014 Director, Aizawa Investments Co., Ltd. (current) Jun 2016 Representative Director, Senior Managing Director, General Manager of Administration Division, the Company Mar 2017 Representative Director, President, Nippon Asia Securities Co., Ltd. (now the Company) Mar 2017 Director, the Company Jun 2018 Director, Japan Securities Inc. (now Japan Securities Co., Ltd.) Jul 2018 Representative Director, President, the Company Oct 2018 Representative Director, President, COO and CHO, the Company Jun 2019 Representative Director, President, CEO and CHO, the Company Apr 2020 Representative Director, President and Executive Officer, the Company Apr 2021 Representative Director, President, Aizawa Securities Spin-off Preparation Co., Ltd. (now Aizawa Securities Co., Ltd.) Oct 2021 Representative Director, President, President and Executive Officer, CEO, the Company Oct 2021 Representative Director, President and Executive Officer, Aizawa Securities Co., Ltd. (current) Apr 2024 Representative Director, President and Executive Officer, the Company (current)
1974-09-05
Atsushi OISHI
Director, Senior Managing Executive Officer
Apr 1990 Joined the Company Jul 2005 General Manager, Investment Banking Department, the Company Jul 2005 Representative Director, President, Aizawa Investments Co., Ltd. Jul 2006 General Manager, First Investment Banking Department, the Company Jun 2009 Executive Officer, General Manager of Planning Department, the Company Jun 2009 Director, Aizawa Investments Co., Ltd. (current) May 2013 Director, Hachiman Securities Co., Ltd. (now the Company) Jun 2013 Executive Officer, General Manager of Business Strategy Division and General Manager of Planning Department, the Company Jun 2014 Director, General Manager of Business Strategy Division and General Manager of Planning Department, the Company Mar 2017 Director, Nippon Asia Securities Co., Ltd. (now the Company) Apr 2017 Managing Director, General Manager of Sales Division and General Manager of China Sales Division, the Company May 2019 Managing Director, CMO, the Company Jan 2020 Managing Director, CMO and General Manager of Underwriting Department, the Company Apr 2020 Director, Managing Executive Officer, the Company Apr 2021 Director, Senior Managing Executive Officer, the Company Apr 2021 Director, Aizawa Securities Spin-off Preparation Co., Ltd. (now Aizawa Securities Co., Ltd.) Apr 2021 Director, Life Design Partners Co., Ltd. (current) Oct 2021 Director, Senior Managing Executive Officer, CMO, the Company Oct 2021 Director, Senior Managing Executive Officer, Aizawa Securities Co., Ltd. (current) Apr 2023 Director, Senior Managing Executive Officer, CCO, the Company Apr 2023 Director, Aizawa Asset Management Co., Ltd. (current) Apr 2024 Director, Senior Managing Executive Officer, the Company (current)
1967-12-10
Kazuhiro SHIBA
Director, Managing Executive Officer
Apr 1990 Joined Naito Securities Co., Ltd. Apr 2001 Joined the Company Jul 2005 Director, Aizawa Investments Co., Ltd. Jun 2011 Representative Director, President, Aizawa Investments Co., Ltd. Oct 2011 General Manager of Accounting Department, the Company May 2013 Statutory Auditor, Hachiman Securities Co., Ltd. (now the Company) Jun 2016 Executive Officer, General Manager of Accounting Department, the Company Mar 2017 Statutory Auditor, Nippon Asia Securities Co., Ltd. (now the Company) Apr 2017 Senior Executive Officer, General Manager of Administration Division and General Manager of Corporate Planning Department, the Company Mar 2018 Senior Executive Officer, General Manager of Administration Division, General Manager of Corporate Planning Department and General Manager of Operations Management Department, the Company Jun 2018 Director, General Manager of Administration Division, the Company May 2019 Director, CFO, the Company May 2019 Director, Japan Securities Inc. (now Japan Securities Co., Ltd.) Apr 2020 Director, Senior Executive Officer, the Company Jun 2020 Director, Asuka Asset Management Co., Ltd. (now Aizawa Asset Management Co., Ltd.) Apr 2021 Director, Managing Executive Officer, the Company Apr 2021 Director, Aizawa Securities Spin-off Preparation Co., Ltd. (now Aizawa Securities Co., Ltd.) Oct 2021 Director, Managing Executive Officer, CFO, the Company Oct 2021 Director, Managing Executive Officer, Aizawa Securities Co., Ltd. (current) Apr 2023 Director, Managing Executive Officer, CMO, the Company Apr 2023 Director, Aizawa Investments Co., Ltd. (current) Apr 2024 Director, Managing Executive Officer, the Company (current)
1966-04-29
Koji DAIDO
Director, Executive Officer
Apr 1993 Joined Sumitomo Trust and Banking Co., Ltd. (now Sumitomo Mitsui Trust Bank, Limited) Nov 2004 Joined Tokyo Star Bank, Ltd. Aug 2007 Joined Life Court Inc., Executive Officer, General Manager of Corporate Planning Office May 2008 Joined Tokyo Star Bank, Ltd. May 2009 Team Leader, CFB Planning Team, Corporate Planning Group, Tokyo Star Bank, Ltd. Nov 2011 Group Leader, Strategic Planning Group, Tokyo Star Bank, Ltd. Sep 2015 General Manager of Human Resources Department, Tokyo Star Bank, Ltd. Apr 2020 Executive Officer in charge of Human Resources, Tokyo Star Bank, Ltd. Apr 2024 Executive Officer, the Company Apr 2024 Executive Officer, General Manager of Administration Division, Aizawa Securities Co., Ltd. Jun 2024 Director, Executive Officer, the Company (current) Jun 2024 Director, Executive Officer, General Manager of Administration Division, Aizawa Securities Co., Ltd. (current) Apr 2025 Director, Aizawa Investments Co., Ltd. (current) Apr 2025 Director, Aizawa Asset Management Co., Ltd. (current) Apr 2025 Director, Life Design Partners Co., Ltd. (current) Apr 2026 Director, Executive Officer, Aizawa Securities Co., Ltd. (current)
1969-10-13
Yuichi BABA
Director, Executive Officer
Apr 2000 Joined the Company Jun 2017 Director, Aizawa Investments Co., Ltd. (current) Jul 2018 General Manager of Corporate Planning Department, the Company Jun 2020 Director, Asuka Asset Management Co., Ltd. (now Aizawa Asset Management Co., Ltd.) (current) Oct 2021 General Manager of Corporate Planning Department, Aizawa Securities Co., Ltd. Mar 2023 General Manager of Corporate Planning Department and General Manager of Finance Department, the Company Mar 2023 General Manager of Corporate Planning Department and General Manager of Finance Department, Aizawa Securities Co., Ltd. Apr 2023 Executive Officer, General Manager of Corporate Planning Department and General Manager of Finance Department, the Company Apr 2023 Executive Officer, General Manager of Administration Division, General Manager of Corporate Planning Department and General Manager of Finance Department, Aizawa Securities Co., Ltd. Jun 2023 Executive Officer, General Manager of Finance Department, the Company Jun 2023 Executive Officer, General Manager of Administration Division and General Manager of Finance Department, Aizawa Securities Co., Ltd. Oct 2023 Executive Officer, the Company Oct 2023 Executive Officer, Aizawa Securities Co., Ltd. Apr 2025 Director, Life Design Partners Co., Ltd. (current) Jun 2025 Director, Executive Officer, the Company (current) Jun 2025 Director, Executive Officer, Aizawa Securities Co., Ltd. (current)
1976-12-14
Yasuhiro SHIBATA
Director
Apr 1986 Joined Nippon Kogyo Bank, Ltd. (now Mizuho Bank, Ltd.) Apr 2005 Head of Credit Trading Department, Mizuho Securities Co., Ltd. Apr 2008 General Manager of Financial Markets Department, Mizuho Securities Co., Ltd. Apr 2009 General Manager of Financial Products Department, Mizuho Securities Co., Ltd. Apr 2011 Deputy General Manager, Financial Markets Group, Mizuho Securities Co., Ltd. Jan 2013 General Manager, Financial Markets Group, Mizuho Securities Co., Ltd. Apr 2014 Vice President, Mizuho International plc Apr 2016 Executive Officer, Co-Head of Financial Markets Division, Mizuho Securities Co., Ltd., and Vice President, Mizuho International plc Jan 2018 Vice President, Mizuho Securities USA LLC Apr 2019 Managing Executive Officer, Head of Global Markets Division and Global Markets Head, Mizuho Securities Co., Ltd. Apr 2020 Executive Officer, Co-Head of Global Markets Company, Mizuho Financial Group, Inc., and Managing Executive Officer, Co-Head of Global Markets Division, Mizuho Bank, Ltd. Apr 2021 Executive Officer, Co-Head of Global Markets Company, Mizuho Financial Group, Inc., Managing Executive Officer, Co-Head of Global Markets Division, Mizuho Bank, Ltd., and Managing Executive Officer, Co-Head of Global Markets Division, Mizuho Trust & Banking Co., Ltd. Jun 2023 Chairman of the Board, Executive Chairman, the Company Jun 2023 Chairman of the Board, Executive Chairman, Aizawa Securities Co., Ltd. Nov 2023 Director, Aizawa Asset Management Co., Ltd. Jun 2024 Director, Aizawa Investments Co., Ltd. Apr 2025 Director, the Company (current) Apr 2025 Director, Aizawa Securities Co., Ltd. (current)
1963-11-24
Kenichi SUMITOMO
Director, Executive Officer
Apr 1993 Joined Nippon Kogyo Bank, Ltd. (now Mizuho Bank, Ltd.) Apr 2011 Deputy General Manager, Financial Products Department, Mizuho Securities Co., Ltd. Nov 2014 Director, Business Planning Department, Mizuho Securities Co., Ltd. Apr 2017 General Manager of Financial Markets Business Department, Mizuho Securities Co., Ltd. Apr 2019 General Manager of Markets and Products Business Department, Mizuho Securities Co., Ltd. Jul 2019 Securities Participant, General Manager of Markets and Products Business Department, Mizuho Securities Co., Ltd. Apr 2021 Executive Director, Attached to Global Markets Business Department, Mizuho Financial Group, Inc., and Executive Director, General Manager of Market Development Department, Mizuho Bank, Ltd. Jul 2024 Executive Officer, Attached to Global Markets Business Department, Mizuho Financial Group, Inc., and Executive Officer, General Manager of Market Development Department, Mizuho Bank, Ltd. Apr 2025 Chief Digital Strategist, Digital Strategy Department, Mizuho Financial Group, Inc. Sep 2025 Executive Officer, General Manager of Systems Department, the Company Sep 2025 Executive Officer, General Manager of Systems Department, Aizawa Securities Co., Ltd. Apr 2026 Executive Officer, the Company Apr 2026 Executive Officer, Aizawa Securities Co., Ltd. Jun 2026 Director, Executive Officer, the Company (current) Jun 2026 Director, Executive Officer, Aizawa Securities Co., Ltd. (current)
1970-12-11
Kiichiro MASUI
Outside Director
Apr 1973 Joined Ministry of Finance Jul 1998 Director-General, Tokai Local Finance Bureau, Ministry of Finance Jun 2000 Director-General, Kinki Local Finance Bureau, Ministry of Finance Jul 2003 Director-General, General Planning Bureau, Financial Services Agency Sep 2005 Executive Managing Director, Japan Securities Dealers Association May 2006 Vice Chairman and Executive Managing Director, Japan Securities Dealers Association Jul 2008 Vice Chairman, Japan Securities Dealers Association Jun 2012 Director, Tokyo Securities Kaikan Co., Ltd. Jul 2013 Chairman, Japan Investor Protection Fund Jun 2014 Chairman, Japan Securities Research Institute (public interest foundation) Nov 2015 Councilor, Japan Small and Medium Enterprise Welfare Foundation (public interest foundation) (current) Jun 2016 Outside Director, Japan Credit Rating Agency, Ltd. (current) Jun 2017 Auditor, Financial System Center (public interest foundation) (current) Jun 2017 Outside Director, Heiwa Real Estate Co., Ltd. Jun 2017 Director, Non-Life Insurance Rating Organization of Japan Jun 2018 Auditor, Cancer Research Institute (public interest foundation) (current) May 2022 Director, Ishii Memorial Securities Research Promotion Foundation (public interest foundation) (current) Jun 2022 Outside Director, the Company (current) Sep 2024 Director, Keisuikai Medical Corporation (current) Jun 2025 Director, Capital Market Promotion Foundation (public interest foundation) (current)
1950-07-16
Masatoshi MUTO
Outside Director
Apr 1978 Joined Nippon Kogyo Bank, Ltd. (now Mizuho Bank, Ltd.) Apr 2003 General Manager of International Funds and Securities Department, Mizuho Corporate Bank, Ltd. (now Mizuho Bank, Ltd.) Mar 2006 Executive Officer, General Manager of International Funds and Securities Department, Mizuho Corporate Bank, Ltd. Apr 2007 Director of Mizuho Corporate Bank, Ltd., and President & CEO, Mizuho Alternative Investments LLC (New York) Apr 2011 Managing Director, DIAM Asset Management Co., Ltd. (now Asset Management One Co., Ltd.) Apr 2013 Representative Director, President, Mizuho Daiichi Financial Technology Co., Ltd. Jun 2018 Outside Director, full-time Audit and Supervisory Committee Member, Toho Zinc Co., Ltd. Jun 2025 Outside Director, the Company (current) Jun 2025 Outside Director (Audit and Supervisory Committee Member), Arata Corporation (current)
1956-01-09
Tomoko SUMIKAMA
Outside Director
Oct 1987 Joined Chase Manhattan Bank May 1996 Vice President, Whitney Group Japan Jun 1999 Director, General Consulting Co., Ltd. Oct 2003 Assistant Vice President, State Street Japan K.K. Oct 2006 Director, Morgan Stanley Securities Co., Ltd. Jul 2011 Head of Human Resources, Brown Brothers Harriman & Co. Securities Japan May 2016 Executive Officer, Head of Human Resources, Societe Generale Securities Japan Nov 2019 Japan CHRO, Zurich Insurance Company Ltd Japan Branch Jan 2025 Senior Advisor, Zurich Insurance Company Ltd Japan Branch Jun 2025 Outside Director, the Company (current) Mar 2026 Executive Officer, CHRO, AlphaTheta Corporation (current)
1960-12-03
Mika KONO
Outside Director (Audit and Supervisory Committee Member)
Apr 1987 Joined Sumitomo Bank, Ltd. (now Sumitomo Mitsui Banking Corporation) Feb 1990 International Banking Department, the same bank Oct 1998 International Business Department, the same bank Jan 2001 International Finance Department, the same bank Apr 2006 International Credit Examination Department, Sumitomo Mitsui Banking Corporation Jul 2009 Audit Department, the same bank Dec 2012 Deputy General Manager, Audit Department (Head of Internal Audit), Americas (New York), the same bank Sep 2019 Head of Quality Assessment Group, Audit Department, the same bank Apr 2024 Risk Management Audit Group, Audit Department, the same bank Jun 2026 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1964-10-03
Yukinori HANABUSA
Outside Director (Audit and Supervisory Committee Member)
Apr 1998 Joined Aoyama Audit Corporation Jul 2001 Registered as Certified Public Accountant Jul 2003 Joined Nippon Asia Holdings Co., Ltd. Aug 2009 Founded Accounting Works Co., Ltd., Representative Director (current) Mar 2015 Outside Audit & Supervisory Board Member, Arkland Service Co., Ltd. (now Arkland Service Holdings Co., Ltd.) Mar 2016 Outside Director (Audit and Supervisory Committee Member), the same company (current) Sep 2017 Outside Director (Audit and Supervisory Committee Member), PeptiDream Inc. (current) May 2018 Outside Audit & Supervisory Board Member, Gift Co., Ltd. (now Gift Holdings, Inc.) Jan 2019 Outside Director (Audit and Supervisory Committee Member), the same company (current) Jun 2020 Outside Director, the Company Jun 2021 Outside Director (Audit and Supervisory Committee Member), the Company (current) Oct 2021 Senior Partner, Hachobori Tax Corporation (current)
1975-05-10
Yoshiaki HIRAO
Outside Director (Audit and Supervisory Committee Member)
Apr 2005 Joined Legal Training and Research Institute, Supreme Court of Japan Sep 2006 Completed Legal Training, the same institute Oct 2006 Registered as Attorney-at-Law, Japan Federation of Bar Associations (Dai-Ichi Tokyo Bar Association) Oct 2006 Joined Shinsei Sogo Law Office (current) Apr 2013 Part-time Lecturer, Department of Business Administration, Faculty of Business Administration, Meisei University Apr 2013 Joined Japan Association of Management Law Practitioners Jun 2021 Outside Audit & Supervisory Board Member, Aizawa Securities Co., Ltd. (current) Jun 2023 Outside Audit & Supervisory Board Member, Chuo Gyorui Co., Ltd. (current) Oct 2025 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1977-12-13
Large Shareholding Reports
Aizawa Fudosan Co., Ltd.
2026-09-24
12.77%→15.15%
Annual report (as of 2026-03-31): 15.79%
Aizawa Fudosan Co., Ltd.
2025-08-18
10.20%→12.77%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 15.79%
Aizawa Fudosan Co., Ltd.
2025-08-15
10.20%→12.77%
Annual report (as of 2026-03-31): 15.79%
NAVF Select LLC
2024-05-13
0.30%→0.00%
Dalton Investments, Inc.
2024-02-08
11.35%→11.36%
Dalton Investments, Inc.
2024-01-11
11.35%
Dalton Investments LLC
2023-10-04
10.15%→10.93%
Dalton Investments LLC
2023-06-30
9.74%→10.15%
Dalton Investments LLC
2023-04-12
9.74%→10.15%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-29
Q2 Earnings Flash
FY ending Mar 2027
EDINET
2026-09-24
Large Shareholding Report
TDnet
2026-07-29
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-01-28
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2025-08-18
Change Report
EDINET
2025-08-15
Large Shareholding Report
TDnet
2025-07-30
Q1 Earnings Flash
FY ending Mar 2026
EDINETAmended
2025-07-14
Amended Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2025-06-24
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-30
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-29
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-05-13
Large Shareholding Report
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2024-02-08
Large Shareholding Report
EDINET
2024-01-11
Large Shareholding Report
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-10-04
Large Shareholding Report
EDINETAmended
2023-09-28
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINETAmended
2023-06-30
Change Report
EDINETAmended
2023-06-28
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-06-26
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-04-12
Large Shareholding Report
EDINET
2023-02-09
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-10
Quarterly Securities Report
EDINET
2022-08-05
Quarterly Securities Report
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