Overview
Other Financing Business

Ai Partners Financial Inc.

AI Partners Financial (AIPF) is a leading operator in Japan's Independent Financial Advisor (IFA) business, providing a comprehensive business platform that enables IFAs to focus exclusively on financial advisory services for clients. The company operates 19 IFA offices nationwide and has brokerage agreements with major securities firms including Rakuten Securities, SBI Securities, and Nomura Asset Management, facilitating transactions in equities, bonds, and investment trusts. Its wholly-owned subsidiary, AIP Consultants Co., Ltd., handles insurance and other financial services, complementing the core brokerage business which accounts for approximately 95% of consolidated revenues.

Market Cap
¥3.08B
US$19.7M
EV
¥—B
Stock¥935▲+1.08%
US$1 = ¥156.80 (2026-10-23)
ROE
18.7%
* LTM NI / end-of-period equity
PBR
4.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+30.5%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 2, 26Buying on strong Q3 earnings
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Performance & Balance
Revenue 5Y (¥B)
3.81US$24.3M'22/33.00US$19.1M'23/33.73US$23.8M'24/33.80US$24.2M'25/34.58US$29.2M'26/3
EBITDA 5Y (¥B)
0.14US$0.89M'22/3-0.09-US$0.60M'23/30.04US$0.22M'24/30.02US$0.12M'25/30.14US$0.89M'26/3
Net Income 5Y (¥B)
0.06US$0.41M'22/3-0.13-US$0.84M'23/30.01US$0.04M'24/3-0.01-US$0.06M'25/30.09US$0.57M'26/3
Capital Structure
99%
EquityD/E 0.01xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
0.66US$4.24M0.01US$0.07M'22/30.53US$3.36M0.03US$0.20M'23/30.52US$3.31M0.02US$0.15M'24/30.50US$3.16M0.02US$0.10M'25/30.60US$3.81M0.01US$0.06M'26/3
Shareholders
Top 10 hold 57.1%
1
Shotaro ISHIHARA
10.72%
2
Chiyoda Investment No. 1 Investment Business Limited Partnership (General Partner: Chiyoda Investment Co., Ltd.)
10.12%
3
Ken NAKAMICHI
9.72%
4
Joji TANAKA
4.82%
5
Rui OKI
4.31%
6
Hikari Tsushin Investment Business Limited Partnership (General Partner: Hikari Tsushin, Inc.)
4.19%
7
SBI SECURITIES Co., Ltd.
3.83%
8
Noboru OSHIMA
3.30%
9
BSP Strategy Fund No. 1 Investment Business Limited Partnership (General Partner: BSP Asset Management Co., Ltd.)
3.05%
10
Kenichi MORIYA
3.04%
Management
6 officers
Joji TANAKA
Representative Director, President and Executive Officer
Apr 1979 Joined Daiwa Securities Co., Ltd. Jan 1987 Joined Morgan Stanley Securities Co., Ltd., Tokyo Branch Oct 1992 Joined UBS Securities Co., Ltd., Tokyo Branch Aug 1998 Joined Merrill Lynch Japan Securities Co., Ltd. Aug 2002 Became independent as an IFA; entered IFA entrustment agreement with Nikko Cordial Securities Inc. (now SMBC Nikko Securities Inc.) Feb 2005 Assumed position as Director, Integrity Co., Ltd. (Yugen Kaisha) Feb 2009 Joined I-Brain Co., Ltd. (now the Company) Mar 2009 Assumed position as Director of the Company May 2012 Senior Managing Director of the Company May 2014 Representative Director of the Company (current) Jan 2015 Assumed position as Director, AIP Consultants Co., Ltd. Sep 2015 Established I Partners Holdings Co., Ltd.; assumed position as Director Jan 2016 Assumed position as Representative Director of I Partners Holdings Co., Ltd. Jan 2016 Assumed position as Representative Director, AIP Consultants Co., Ltd. Mar 2018 Resigned as Representative Director of AIP Consultants Co., Ltd.; assumed position as Director of the same company (current) Jun 2024 Assumed position as Director, Sanshu Club Public Interest Incorporated Association (current)
1957-02-21
Seiji MATSUNAMI
Director and Senior Executive Officer
Apr 1983 Joined Nikko Securities Co., Ltd. (now SMBC Nikko Securities Inc.) Apr 2018 Joined the Company Apr 2018 Assumed position as Audit & Supervisory Board Member, AIP Consultants Co., Ltd. Jun 2020 Resigned as Audit & Supervisory Board Member, AIP Consultants Co., Ltd. Jun 2020 Assumed position as Director of the Company Jun 2022 Retired as Director, AIP Consultants Co., Ltd. Nov 2024 Assumed position as Director, AIP Consultants Co., Ltd. Jun 2025 Assumed position as Representative Director, AIP Consultants Co., Ltd. (current) Jun 2025 Assumed position as Director of the Company (current)
1960-09-02
Shigeki SUGIHARA
Director
Apr 1994 Joined Kyoei Fire & Marine Insurance Mutual Company (now Kyoei Fire & Marine Insurance Co., Ltd.) May 1995 Assumed position as Director, Sugiya Co., Ltd. (Yugen Kaisha) Aug 1996 Joined FK Co., Ltd. Oct 2001 Assumed position as Director, FK Co., Ltd. Aug 2006 Assumed position as Director, FK Investment Co., Ltd. Dec 2009 Assumed position as Senior Managing Director, FK Co., Ltd. Apr 2010 Assumed position as Director, Ial Small-Amount Short-Term Insurance Co., Ltd. Dec 2013 Assumed position as Executive Vice President, FK Co., Ltd. Jan 2017 Assumed position as Director, Yamani Bussan Co., Ltd. Oct 2017 Assumed position as President and Director, FK Co., Ltd. Aug 2020 Assumed position as Director, L.A.C. Co., Ltd. Sep 2022 Assumed position as Representative Director and President, FK Co., Ltd. (current)
1970-09-14
Masatoshi YOSHIKAWA
Director (Full-time Audit and Supervisory Committee Member)
Jan 2003 Joined Yamada & Partners Certified Tax Accountants Corporation Apr 2004 Joined Ishiwatari Accounting Office (now I Partners Certified Tax Accountants Corporation) Jun 2007 Established I-Brain Co., Ltd. (now the Company) and assumed position as Director; resigned as Director of the Company Sep 2007 Registered as a certified tax accountant Jun 2016 Opened Masatoshi Yoshikawa Tax Accounting Office as Office Head (current) Jun 2016 Assumed position as Director of the Company Mar 2018 Assumed position as Director, AIP Consultants Co., Ltd.; resigned as Director of the same company Jun 2018 Assumed position as Director (Full-time Audit and Supervisory Committee Member) of the Company (current) Jun 2025 Assumed position as Audit & Supervisory Board Member, AIP Consultants Co., Ltd. (current)
1979-01-14
Hiroshi UENO
Director (Audit and Supervisory Committee Member)
Apr 1962 Joined Ministry of Agriculture (now Ministry of Agriculture, Forestry and Fisheries) Jul 1992 Assumed position as Chief Secretary, Minister's Secretariat, Ministry of Agriculture, Forestry and Fisheries Feb 1994 Assumed position as Commissioner, Food Agency, Ministry of Agriculture, Forestry and Fisheries Jul 1995 Assumed position as Vice-Minister of Agriculture, Forestry and Fisheries Jan 1998 Assumed position as President, Agriculture, Forestry and Fisheries Credit Guarantee Fund Jun 2000 Assumed position as Chairman and Representative Director, Norinchukin Bank Mar 2009 Assumed position as Adviser, Norinchukin Bank Jan 2013 Established Hakushinsha Co., Ltd.; assumed position as Representative Director (current) May 2015 Assumed position as Adviser, Nihon Seimai Co., Ltd. (current) Jun 2016 Assumed position as Chairman, Kinkokai Jun 2018 Assumed position as Director (Audit and Supervisory Committee Member) of the Company (current)
1938-05-15
Hiroshi NAKAGAWA
Director (Audit and Supervisory Committee Member)
Apr 1974 Joined Nomura Research Institute, Ltd. Aug 1987 Joined Morgan Stanley Securities Co., Ltd., Tokyo Branch Apr 1995 Joined Merrill Lynch Securities Co., Ltd., Tokyo Branch Jan 1999 Assumed position as Vice Chairman, Merrill Lynch Securities Co., Ltd. Nov 2000 Established Manao Creation Co., Ltd.; assumed position as Director Jan 2001 Assumed position as Representative Director of the same company (current) Jun 2003 Established Ninomiya Fishing Ground Co., Ltd. (Yugen Kaisha); assumed position as Director Jun 2005 Assumed position as Representative Director of the same company (current) Mar 2007 Assumed position as Outside Director, Mediaid Co., Ltd. (current) Jun 2018 Assumed position as Director (Audit and Supervisory Committee Member) of the Company (current)
1951-02-12
Large Shareholding Reports
Chiyoda Investment Co., Ltd.
2026-10-15
10.58%→10.98%
Chiyoda Investment Co., Ltd.
2026-04-03
9.84%→10.58%
SBI Securities Co., Ltd.
2026-01-21
5.37%→4.51%
Annual report (as of 2026-03-31): 3.83%
Ken NAKAMICHI
2025-12-23
10.11%→9.05%
Annual report (as of 2026-03-31): 9.72%
SBI Securities Co., Ltd.
2025-10-21
5.37%
Annual report (as of 2026-03-31): 3.83%
SBI Securities Co., Ltd.
2025-09-22
6.21%→3.57%
Annual report (as of 2026-03-31): 3.83%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-15
Large Shareholding Report
TDnet
2026-08-14
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-04-03
Large Shareholding Report
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-01-21
Large Shareholding Report
EDINET
2025-12-23
Large Shareholding Report
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-10-21
Large Shareholding Report
EDINET
2025-09-22
Large Shareholding Report
TDnet
2025-08-14
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
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-13
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-28
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-28
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-11
Quarterly Securities Report
EDINET
2021-08-12
Quarterly Securities Report
EDINET
2021-06-28
Annual Securities Report
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