Overview
Securities and Commodities Futures

The Kosei Securities Co.,Ltd.

Koseishouken (光世証券) is an Osaka-based independent securities firm engaged in investment and financial services, including brokerage (equity and derivatives), securities underwriting, and private placement services for both retail and institutional clients. The company offers self-proprietary trading as well as client-facing execution services across Japanese equities, bonds, investment trusts, and exchange-traded derivatives including Osaka Exchange futures and options via internet trading. The firm also operates a cloud-based securities core system provision service for other industry participants, representing a differentiated technology capability.

Market Cap
¥5.54B
US$35.4M
EV
¥—B
Stock¥589▲+0.51%
US$1 = ¥156.80 (2026-10-23)
ROE
2.6%
* LTM NI / end-of-period equity
PBR
0.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+2.2%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Oct 22, 26Q2 FY2027/03 earnings announced
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Performance & Balance
Revenue 5Y (¥B)
0.45US$2.86M'22/30.44US$2.78M'23/31.50US$9.55M'24/30.56US$3.57M'25/31.11US$7.10M'26/3
EBITDA 5Y (¥B)
-0.40-US$2.57M'22/3-0.44-US$2.81M'23/30.49US$3.14M'24/3-0.46-US$2.94M'25/30.10US$0.66M'26/3
Net Income 5Y (¥B)
-0.21-US$1.35M'22/3-0.40-US$2.53M'23/30.38US$2.40M'24/3-0.47-US$2.97M'25/30.21US$1.34M'26/3
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
9.03US$57.6M'22/39.13US$58.2M'23/311.6US$73.9M'24/38.82US$56.2M'25/39.11US$58.1M'26/3
Shareholders
Top 10 hold 61.7%
1
Tatsumi Yazo Co., Ltd.
20.07%
2
Tatsumi Jimusho Co., Ltd.
12.34%
3
Tetsugaku no Michi Bunko Co., Ltd.
9.65%
4
Daisuke TATSUMI
5.72%
5
Noriko FURIKAKU
3.50%
6
Haruna TATSUMI
3.16%
7
Seigo NAITO
2.98%
8
Kazuhiro MORIKAWA
1.60%
9
Hayato TATSUMI
1.52%
10
Yusuke FURIKAKU
1.16%
Management
6 officers
Daisuke TATSUMI
Representative Director, President
Dec 1997 Joined the Company Jun 1998 Managing Director; concurrently Head of President's Office Jun 2000 Representative Director, President (current)
1964-05-17
Takuya ISHIKAWA
Director; in charge of System Solutions Group, Internet Business Division and Administration Division
Apr 1985 Joined the Company Apr 2011 Executive Officer; in charge of System Solutions Group Apr 2016 Managing Executive Officer; in charge of System Solutions Group, Internet Business Promotion Group and Administration Division Jun 2019 Director; in charge of System Solutions Group, Internet Business Promotion Group and Administration Division Jun 2019 Representative Director, Kameyama Shachu Co., Ltd. (current) Jun 2023 Director; in charge of System Solutions Group, Internet Business Division and Administration Division (current)
1963-06-12
Masaharu YAMAMOTO
Director
Feb 2002 Registered as Certified Tax Accountant Sep 2002 Head, Yamamoto Accounting Office (current) Jun 2008 Director of the Company (current)
1970-01-08
Masayuki MORI
Director, Audit and Supervisory Committee Member
Apr 1993 Joined the Company Jun 2012 Corporate Auditor Jun 2019 Executive Officer; in charge of Audit Group and Internal Control Audit Office Jun 2020 Director, Audit and Supervisory Committee Member (current)
1965-02-02
Tatsuji KISHIMOTO
Outside Director, Audit and Supervisory Committee Member
Apr 1987 Registered as Attorney-at-Law Apr 1987 Joined Kodama Norio Law Office (now Shinsei Sogo Law Office) Apr 2007 Mediation Commissioner, Osaka Family Court (current) Apr 2012 Part-time Lecturer, Graduate School of Accountancy, Kansai University (current) Jan 2020 Managing Partner, Shinsei Sogo Law Office (current) Jun 2021 Outside Corporate Auditor, Daiwa House Industry Co., Ltd. (current) Jun 2025 Director, Audit and Supervisory Committee Member (current)
1960-06-16
Satoshi MURAKATA
Outside Director, Audit and Supervisory Committee Member
Sep 1987 Joined Chuo Kaikei Audit Corporation Dec 1991 Registered as Certified Public Accountant Oct 1995 Established Murakata Accounting Office (current) Aug 2007 Established Zenix Consulting Tax Corporation; CEO (current) Jun 2009 Corporate Auditor of the Company Jun 2020 Director, Audit and Supervisory Committee Member (current)
1964-06-16
Large Shareholding Reports
Tatsuya Kura Co., Ltd.
2026-01-05
20.39%→19.99%
Annual report (as of 2026-03-31): 20.07%
Daisuke TATSUMI
2025-11-18
5.54%→5.70%
Annual report (as of 2026-03-31): 5.72%
Tatsuya Kura Co., Ltd.
2025-11-11
20.38%→20.39%
Annual report (as of 2026-03-31): 20.07%
Tatsuya Kura Co., Ltd.
2025-11-10
19.69%→20.38%
Annual report (as of 2026-03-31): 20.07%
Tatsuya Kura Co., Ltd.
2025-08-19
18.65%→19.69%
Annual report (as of 2026-03-31): 20.07%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-22
Q2 Earnings Flash
FY ending Mar 2027
TDnet
2026-07-28
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-22
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-01-22
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-01-05
Large Shareholding Report
EDINET
2025-11-18
Large Shareholding Report
EDINET
2025-11-11
Large Shareholding Report
EDINET
2025-11-10
Large Shareholding Report
EDINET
2025-11-07
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-08-19
Large Shareholding Report
TDnet
2025-07-24
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-22
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-08
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINETAmended
2024-11-01
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINETAmended
2024-11-01
Amended Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINETAmended
2024-11-01
Amended Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINETAmended
2024-11-01
Amended Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINETAmended
2024-11-01
Amended Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINETAmended
2024-11-01
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
TDnet
2024-07-19
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-04
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-08
Quarterly Securities Report
EDINET
2022-08-05
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
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