Overview
Securities and Commodities Futures

OKASAN SECURITIES GROUP INC.

Okasan Securities Group Inc. is a Japanese holding company with securities brokerage as its core business, offering equity and bond trading, underwriting, public offerings, and private placements through its primary subsidiary, Okasan Securities Co., Ltd. The group also operates related businesses including investment fund management, IT/information processing services, administrative back-office services, and real estate management. The group serves retail and institutional clients across Japan through a network of regional securities subsidiaries and an online brokerage platform integrated into Okasan Securities.

Market Cap
¥217B
US$1.39B
EV
¥—B
Stock¥1,085▲+0.18%
US$1 = ¥156.80 (2026-10-23)
ROE
11.8%
* LTM NI / end-of-period equity
PBR
0.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+35.5%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Mar 4, 26Pre-earnings decline amid market downturn (TOPIX -3.7%)
2Jul 30, 26Q1 FY2027/03 earnings announced
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Performance & Balance
Revenue 5Y (¥B)
73.8US$471M'22/366.6US$424M'23/384.5US$539M'24/381.9US$523M'25/395.6US$610M'26/3
EBITDA 5Y (¥B)
7.93US$50.5M'22/31.66US$10.6M'23/319.3US$123M'24/316.0US$102M'25/322.2US$141M'26/3
Net Income 5Y (¥B)
10.1US$64.2M'22/30.53US$3.37M'23/313.2US$84.0M'24/311.7US$74.3M'25/321.4US$136M'26/3
Capital Structure
63%
37%
EquityD/E 0.60xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
138US$882M151US$963M'22/3146US$932M163US$1.04B'23/3167US$1.06B164US$1.05B'24/3125US$797M163US$1.04B'25/3169US$1.08B136US$869M'26/3
Shareholders
Top 10 hold 41.4%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
9.85%
2
Nippon Life Insurance Company (Standing Proxy: The Master Trust Bank of Japan, Ltd.)
4.86%
3
The Norinchukin Bank
4.85%
4
Sumitomo Mitsui Trust Bank, Limited (Standing Proxy: Custody Bank of Japan, Ltd.)
4.43%
5
Daido Life Insurance Company (Standing Proxy: Custody Bank of Japan, Ltd.)
4.33%
6
Mitsubishi UFJ Trust and Banking Corporation (Standing Proxy: The Master Trust Bank of Japan, Ltd.)
2.91%
7
Tosei Limited Company (Yugen Kaisha Tosei)
2.63%
8
Santo Co., Ltd.
2.60%
9
Resona Bank, Limited
2.47%
10
Mizuho Bank, Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
2.46%
Management
7 officers
Hiroyuki NIISHIBA
Representative Director, President
Apr 1981 Joined the Company Jun 2001 Director Oct 2003 Managing Director, Okasan Securities Co., Ltd. Jun 2004 Managing Director of the Company Jun 2006 Senior Managing Director, Representative Director Apr 2011 Senior Managing Director, Representative Director; in charge of Corporate Planning Division and Human Resources Planning Department Apr 2014 President, Representative Director (current) Apr 2020 Chairman, Representative Director, Okasan Securities Co., Ltd. Apr 2026 Chairman of the Board, Representative Director, Okasan Securities Co., Ltd. (current) Principal concurrent position: Chairman of the Board, Representative Director, Okasan Securities Co., Ltd.
1958-03-02
Yoshihiro IKEDA
Representative Director
Apr 1986 Joined the Company Apr 2014 Director, Okasan Securities Co., Ltd. Apr 2018 Managing Executive Officer, Okasan Securities Co., Ltd. Jun 2019 Managing Executive Officer of the Company; in charge of Corporate RM Department; Okasan Securities Co., Ltd.: oversight of Corporate Finance Division and Global Strategy Office; joint oversight of Corporate Business Department Jun 2020 Director of the Company; Director, Okasan Securities Co., Ltd. Apr 2021 Senior Managing Executive Officer of the Company; oversight of Strategy Division, Group Corporate Support Department, Sustainability Promotion Office and Corporate RM Department; in charge of Systems Strategy Department and Asset Management Business Planning Department (Group CSO, Group CLO, Group CDO, Group CIO); Representative Director and Senior Managing Executive Officer, Okasan Securities Co., Ltd.; oversight of Planning Division; in charge of Systems Planning Department (CIO) Jun 2022 Representative Director and Executive Vice President of the Company (current) Principal concurrent position: President and Executive Officer, Representative Director, Okasan Securities Co., Ltd.
1962-07-15
Ayako MIYABAYASHI
Director (Audit and Supervisory Committee Member)
Apr 2005 Joined Okasan Securities Co., Ltd. May 2005 Financial Institutions Department II, Okasan Securities Co., Ltd. Jul 2012 Corporate Planning Department, Okasan Securities Co., Ltd.; Public Relations Department of the Company Dec 2022 Deputy Manager, Audit and Supervisory Committee Office Jun 2023 Manager, Audit and Supervisory Committee Office Apr 2025 Executive Officer, Audit and Supervisory Committee Office Jun 2025 Director (Audit and Supervisory Committee Member) (current)
1982-12-19
Shinichi YOSHIDA
Outside Director (Audit and Supervisory Committee Member)
Apr 1974 Joined The Asahi Shimbun Company Nov 1991 Washington Correspondent, The Asahi Shimbun Company Jun 2003 Director; Tokyo Head Office Editor-in-Chief, The Asahi Shimbun Company Jun 2005 Managing Director (Editorial), The Asahi Shimbun Company Apr 2007 Managing Director (Administration, Labor and Compliance), The Asahi Shimbun Company Jun 2008 Managing Director (Business Management), The Asahi Shimbun Company May 2011 President, Japan National Press Club Jun 2013 Senior Executive Officer (Content, Editorial and International), The Asahi Shimbun Company Apr 2014 Adviser, TV Asahi Holdings Corporation Jun 2014 President and Director, TV Asahi Holdings Corporation; Director and President, TV Asahi Corporation Jun 2022 Director and Senior Adviser, TV Asahi Holdings Corporation Jun 2024 Special Adviser, TV Asahi Holdings Corporation (current) Jun 2025 Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1950-01-09
Yoshifumi KIMURA
Outside Director (Audit and Supervisory Committee Member)
Apr 1978 Joined Nihon Keizai Shimbun, Inc. Mar 1988 Correspondent, New York, Americas Editorial Bureau, Nihon Keizai Shimbun, Inc. Apr 2005 Senior Editorial Writer, Editorial Bureau, Nihon Keizai Shimbun, Inc. Mar 2006 Editor-in-Chief, European Editorial Bureau, Nihon Keizai Shimbun, Inc. Mar 2007 Head of Legal Affairs Office, Nihon Keizai Shimbun, Inc. Apr 2009 Head of Legal Affairs Office and Assistant to Business Planning, Nihon Keizai Shimbun, Inc. Mar 2010 Executive Officer, Special Projects Office Head; Assistant to Business Planning and Cross-Media Sales, Nihon Keizai Shimbun, Inc. Mar 2012 Managing Executive Officer, Cross-Media Sales and Assistant to Special Projects, Nihon Keizai Shimbun, Inc. Mar 2015 Managing Director, Cross-Media Sales and Culture Business, Nihon Keizai Shimbun, Inc. Mar 2016 Vice President and Director, Rating and Investment Information, Inc. Mar 2017 President and Representative Director, Rating and Investment Information, Inc. Apr 2021 Chairman and Director, Rating and Investment Information, Inc. Mar 2023 Special Adviser, Rating and Investment Information, Inc. Jun 2025 Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1954-10-07
Shinichi SATO
Outside Director (Audit and Supervisory Committee Member)
Apr 1980 Joined the Ministry of Finance Jul 1985 Director, Karatsu Tax Office, Fukuoka Regional Taxation Bureau Jul 1997 Counselor, Embassy of Japan in the United Kingdom, Ministry of Foreign Affairs Jul 2000 Director, Administrative Management Bureau, Management and Coordination Agency Jul 2002 Budget Examiner (Education, Culture, Sports, Science and Technology), Budget Bureau, Ministry of Finance Jul 2003 Director, Research Division, Tax Bureau, Ministry of Finance Jul 2004 Director, Second Tax System Division, Tax Bureau, Ministry of Finance Jul 2005 Director, First Tax System Division, Tax Bureau, Ministry of Finance Jul 2006 Director, Minister's Secretariat, Ministry of Finance Jul 2009 Deputy Director-General, Tax Bureau, Minister's Secretariat, Ministry of Finance Jan 2010 Senior Councillor, Cabinet Secretariat (attached to Deputy Chief Cabinet Secretary) Aug 2011 Senior Deputy Director-General, Minister's Secretariat, Ministry of Finance Jun 2013 Director-General, Minister's Secretariat, Ministry of Finance Jul 2014 Director-General, Tax Bureau, Ministry of Finance Jun 2016 Vice-Minister of Finance Nov 2017 Adviser, Suntory Holdings Limited (current) Jun 2022 Outside Director, Nidec Corporation (formerly Nidec Corporation) Jun 2025 Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1956-11-04
Sadahiko OKANO
Outside Director (Audit and Supervisory Committee Member)
Apr 1981 Joined Japan Association of Corporate Executives (Secretariat; General Affairs; Secretary to Chairman and Executive Director) May 1985 Staff Member (Planning and Research, International Economics), Japan Association of Corporate Executives Aug 1987 Graduate study, University of Illinois (USA) Jun 1989 Staff Member (International Business and Planning and Research), Japan Association of Corporate Executives May 1993 Counselor (International), Japan Association of Corporate Executives May 1997 Counselor (Planning and Research; Assistant to Chairman) May 2001 Vice Director and Director of Planning Department, Japan Association of Corporate Executives May 2005 Vice Director and Executive Officer, Japan Association of Corporate Executives Apr 2011 Managing Director, Japan Association of Corporate Executives Apr 2021 Managing Director and Secretary General, Japan Association of Corporate Executives Apr 2022 Secretary General and Representative Director, Japan Association of Corporate Executives Apr 2024 Full-time Senior Adviser, Japan Association of Corporate Executives May 2025 Adviser to the Secretariat, Japan Association of Corporate Executives Jun 2025 Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1958-11-08
Large Shareholding Reports
Sumitomo Mitsui Trust Bank, Limited
2025-09-19
3.77%→3.83%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-05
Q1 Earnings Flash
FY ending Mar 2027
TDnet
2026-07-30
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-19
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2026-04-28
Amended Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
TDnet
2026-01-29
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-07
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-19
Large Shareholding Report
TDnet
2025-08-05
Q1 Earnings Flash
FY ending Mar 2026
TDnet
2025-07-30
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-24
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-05
Q3 Earnings Flash
FY ending Mar 2025
TDnet
2025-01-30
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-07
Q1 Earnings Flash
FY ending Mar 2025
TDnet
2024-07-26
Q1 Earnings Flash
FY ending Mar 2025
EDINETAmended
2024-06-28
Amended Securities Registration Statement
EDINET
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINETAmended
2024-06-27
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINETAmended
2024-06-27
Amended Annual Securities Report
Period: Apr 2021 – Mar 2022
EDINET
2024-06-27
Securities Registration Statement
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-30
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
EDINETAmended
2022-08-26
Amended Annual Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-30
Annual Securities Report
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