Overview
Securities and Commodities Futures

Ichiyoshi Securities Co.,Ltd.

Ichiyoshi Securities Co., Ltd. is a Japan-based securities firm primarily engaged in financial instruments trading, brokerage services, and investment banking, with a focus on small- and mid-cap growth companies. The group provides a broad range of financial services including securities brokerage, underwriting, asset management, and investment advisory through its four consolidated subsidiaries. Its competitive strength lies in its specialized research capabilities in emerging growth companies, a nationwide retail network of 52 branches, and diversified financial services spanning IFA, asset management, and economic research.

Market Cap
¥49.0B
US$312M
EV
¥—B
Stock¥1,524▲+0.46%
US$1 = ¥157.05 (2026-10-22)
ROE
19.0%
* LTM NI / end-of-period equity
PBR
1.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+56.8%pt
10012345
Oct 23, 25 – Oct 23, 26StockTOPIX
1Nov 18, 25MIRI Capital Management LLC changed stake (7.46%→8.47%)
2Dec 19, 25MIRI Capital Management LLC changed stake (8.47%→9.48%)
3Jan 9, 26MIRI Capital Management LLC changed stake (9.48%→10.53%)
4Jan 29, 26MIRI Capital Management LLC changed stake (10.53%→11.58%)
5Feb 5, 26MIRI Capital Management LLC changed stake (11.58%→12.61%)
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Performance & Balance
Revenue 5Y (¥B)
19.6US$125M'22/316.7US$106M'23/318.8US$120M'24/318.8US$120M'25/324.6US$157M'26/3
EBITDA 5Y (¥B)
3.87US$24.6M'22/31.65US$10.5M'23/33.32US$21.1M'24/32.75US$17.5M'25/36.60US$42.0M'26/3
Net Income 5Y (¥B)
2.53US$16.1M'22/30.76US$4.83M'23/31.93US$12.3M'24/31.56US$9.96M'25/34.39US$28.0M'26/3
Capital Structure
99%
EquityD/E 0.01xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
17.6US$112M0.37US$2.36M'22/316.0US$102M0.36US$2.29M'23/319.1US$122M0.34US$2.16M'24/316.1US$102M0.31US$1.99M'25/318.4US$117M0.30US$1.92M'26/3
Shareholders
Top 10 hold 41.5%
1
US BANK NATIONAL ASSOCIATION JP ACCTS TS (Standing Proxy: MUFG Bank, Ltd.)
18.82%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
10.67%
3
Nomura Research Institute,Ltd.
2.73%
4
Ichiyoshi Securities Co.,Ltd. Employee Stock Ownership Association
2.06%
5
Tomohiro YOSHIDA
1.53%
6
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.49%
7
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
1.45%
8
Custody Bank of Japan, Ltd. (Trust Account)
1.21%
9
JAFCO Group Co.,Ltd.
0.93%
10
Masashi TAKEHI
0.56%
Management
7 officers
Masashi TAKEHI
Director, Chairman of the Board, Chair of the Board of Directors, Nomination Committee Member, Compensation Committee Member
Apr 1967 Joined Nomura Securities Co., Ltd. Dec 1987 Director, Nomura Securities Co., Ltd. Jun 1990 Managing Director, Nomura Securities Co., Ltd. Jun 1993 Representative Director, Executive Vice President, the Company Jun 1995 Representative Director, President, the Company Jun 2003 Director (concurrently Representative Executive Officer, President), the Company Dec 2006 Advisor, the Company Dec 2007 Representative Executive Officer, President, the Company Jun 2008 Director (concurrently Representative Executive Officer, President), the Company Jun 2008 Nomination Committee Member and Compensation Committee Member, the Company (current) Apr 2010 Chair of the Board of Directors, the Company (current) Apr 2012 Director (concurrently Executive Officer, Chairman), the Company Apr 2018 Chairman of the Board, the Company (current)
1943-04-13
Hirofumi TAMADA
Director
Apr 1995 Joined Sanyo Securities Co., Ltd. Jan 1998 Joined the Company Apr 2009 Kobe Branch Manager, the Company Apr 2011 Executive Officer, Shinshu Adviser Division General Manager, the Company Apr 2012 Executive Officer, Adviser Support Division General Manager, the Company Sep 2013 Executive Officer, Kinki Adviser Division General Manager, the Company Apr 2016 Senior Executive Officer, Kinki Adviser Division General Manager, the Company Apr 2018 Senior Executive Officer, in charge of Adviser Division, the Company Jun 2018 Senior Executive Officer, in charge of Administration and Planning Division, the Company Apr 2019 Executive Officer, in charge of Administration and Planning Division, the Company Apr 2020 Representative Executive Officer, President, the Company Jun 2020 Director (concurrently Representative Executive Officer, President), the Company Jul 2020 Director (concurrently Representative Executive Officer, President and Adviser Division General Manager), the Company Oct 2021 Director (concurrently Representative Executive Officer, President and Adviser Division General Manager; Adviser Support Division General Manager), the Company Oct 2023 Director (concurrently Representative Executive Officer, President and Adviser Division General Manager), the Company Apr 2025 Director (concurrently Representative Executive Officer, President), the Company (current)
1971-10-25
Shoichi YAMASAKI
Director
Apr 1978 Joined Nomura Securities Co., Ltd. Jul 1999 Joined Sega Enterprises, Ltd. May 2004 Joined SoftBank Investment Corp. Aug 2004 Joined Ace Securities Co., Ltd. Jun 2006 Joined SBI Holdings, Inc. Dec 2007 Joined SBI Insurance Co., Ltd. Jul 2015 Executive Officer, in charge of Finance and Planning, the Company Nov 2019 Senior Executive Officer, in charge of Finance and Planning, Legal, Public Relations, Secretarial and Underwriting Review, the Company Jan 2020 Audit & Supervisory Board Member, Ichiyoshi Financial Advisor Co., Ltd. (now Ichiyoshi IFA Co., Ltd.) (current) Apr 2020 Executive Officer, in charge of Head Office and Administration Divisions (concurrently Finance and Planning, Legal, Public Relations, Secretarial and Underwriting Review), the Company Apr 2021 Managing Executive Officer, in charge of Finance and Management Divisions, Business Administration Division, System Division and Affiliated Companies (concurrently Underwriting Review), the Company Jun 2021 Director (concurrently Managing Executive Officer, in charge of Finance and Management Divisions, Business Administration Division, System Division and Affiliated Companies; concurrently Underwriting Review), the Company Jun 2022 Director (concurrently Senior Executive Officer, in charge of Finance and Management Divisions, Business Administration Division, System Division and Affiliated Companies), the Company Nov 2022 Audit & Supervisory Board Member, Ichiyoshi Business Service Co., Ltd. (current) Nov 2022 Audit & Supervisory Board Member, Ichiyoshi Asset Management Co., Ltd. (current) Nov 2022 Audit & Supervisory Board Member, Ichiyoshi Research Institute Inc. (current) Jun 2024 Director (concurrently Representative Senior Executive Officer, in charge of Finance and Management Divisions, Business Administration Division, System Division and Affiliated Companies), the Company Apr 2025 Director (concurrently Representative Executive Vice President, in charge of Finance and Management Divisions, Business Administration Division, System Division, Human Resources and Training Division and Affiliated Companies), the Company May 2025 Director (concurrently Representative Executive Vice President, in charge of Finance and Management Divisions, Business Administration Division, System Division, Human Resources and Training Division and Affiliated Companies; concurrently System Division General Manager), the Company (current)
1955-09-23
Akira ITSUKIDA
Director, Nomination Committee Member, Audit Committee Member
Apr 1978 Appointed Public Prosecutor, Tokyo District Public Prosecutors Office (Criminal and Trial Divisions) Mar 1979 Mito District Public Prosecutors Office Mar 1982 Tokyo District Public Prosecutors Office (Criminal and Special Investigation Divisions) Mar 1985 Osaka District Public Prosecutors Office (Special Investigation Division) Mar 1987 Tokyo District Public Prosecutors Office (Special Investigation Division) Mar 1988 Retired as Public Prosecutor Apr 1988 Registered as Attorney-at-Law May 1994 Founding Partner, Itsukida & Miura Law Office (current) Jun 2010 Director, the Company (current) Jun 2010 Compensation Committee Member and Audit Committee Member, the Company Jun 2016 Outside Director, Sanwa Holdings Corporation (current) Jun 2022 Nomination Committee Member and Audit Committee Member, the Company (current)
1947-09-20
Yoko MASHIMO
Director, Compensation Committee Member
Apr 1990 Joined The Taiyo Kobe Mitsui Bank, Ltd. (now Sumitomo Mitsui Banking Corporation) Oct 2001 Registered as Certified Social Insurance and Labor Consultant Jan 2002 Certified Specialized Social Insurance and Labor Consultant, Principal, Jinji Management (current) Feb 2006 Advisor, Certified Social Insurance and Labor Consultant, the Company (retired May 2021) Nov 2015 Lecturer, Labor College, Japan Institute for Labour Policy and Training (current) Apr 2016 External Evaluation Committee Member, Japan Organization for Employment of the Elderly, Persons with Disabilities and Job Seekers (current) Apr 2020 Tokyo Dispute Coordination Committee Member, Tokyo Labour Bureau, Ministry of Health, Labour and Welfare (current) Jun 2021 Director, the Company (current) Mar 2024 Outside Director, Katakura Industries Co., Ltd. (current) Jun 2024 Compensation Committee Member, the Company (current)
1969-09-20
Eiji HIRANO
Director, Nomination Committee Member, Audit Committee Member
Apr 1973 Joined Bank of Japan May 1999 Director-General, International Department, Bank of Japan Jun 2002 Executive Director (International Finance), Bank of Japan Jun 2006 Vice President, Toyota Financial Services Corporation Sep 2014 Vice Chairman, Director, MetLife Life Insurance K.K. Oct 2014 Advisor, the Company (contract expired Sep 2017) May 2015 Vice Chairman, Director and Representative Executive Officer, MetLife Life Insurance K.K. Jun 2015 Outside Director, Riken Corporation Jun 2016 Outside Director, NTT DATA Corporation (now NTT DATA Group Corporation) Sep 2017 Vice Chairman, Director, MetLife Life Insurance K.K. (current) Oct 2017 Chairman, Management Committee, Government Pension Investment Fund (GPIF) (retired Mar 2021) Jun 2022 Director, the Company (current) Jun 2022 Nomination Committee Member and Audit Committee Member, the Company (current) Oct 2023 Outside Director, Riken NPR Co., Ltd. (current)
1950-09-15
Yuko NUMATA
Director, Compensation Committee Member, Audit Committee Member
Apr 1992 Joined Nomura Research Institute, Ltd. Jan 1997 Nomura Research Institute America, Inc. Oct 2001 Nomura Research Institute, Ltd. Apr 2004 Nomura Capital Market Institute, Ltd. Jun 2010 Nomura Securities Co., Ltd. Apr 2012 Associate Professor (Specially Appointed), College of International Japanese Studies, Meiji University Apr 2013 Advisor to the Company (contract expired Mar 2022) Apr 2018 Professor (Specially Appointed), College of International Japanese Studies, Meiji University Apr 2022 Professor, Faculty of Humanities and Social Sciences, Teikyo Heisei University Jun 2022 Director of the Company (current) Compensation Committee Member and Audit Committee Member of the Company (current) Apr 2023 Full-Time Professor, Graduate School of Global Business, Meiji University Professional Graduate School (current) Jun 2024 Outside Director, Japan Aviation Electronics Industry, Ltd. (current)
1968-04-10
Large Shareholding Reports
MIRI Capital Management LLC
2026-04-21
15.47%→16.47%
MIRI Capital Management LLC
2026-03-26
13.65%→15.47%
MIRI Capital Management LLC
2026-03-02
12.61%→13.65%
MIRI Capital Management LLC
2026-02-05
11.58%→12.61%
MIRI Capital Management LLC
2026-01-29
10.53%→11.58%
MIRI Capital Management LLC
2026-01-09
9.48%→10.53%
MIRI Capital Management LLC
2025-12-19
8.47%→9.48%
MIRI Capital Management LLC
2025-11-18
7.46%→8.47%
MIRI Capital Management LLC
2025-05-29
6.33%→7.46%
MIRI Capital Management LLC
2025-05-19
5.21%→6.33%
MIRI Capital Management LLC
2025-05-08
5.21%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-30
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-12
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2026-06-03
Amended Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINETAmended
2026-06-03
Amended Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-04-21
Large Shareholding Report
EDINET
2026-03-26
Large Shareholding Report
EDINET
2026-03-02
Large Shareholding Report
EDINET
2026-02-05
Large Shareholding Report
EDINET
2026-01-29
Large Shareholding Report
TDnet
2026-01-29
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-01-09
Large Shareholding Report
EDINET
2025-12-19
Large Shareholding Report
EDINET
2025-11-18
Large Shareholding Report
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2025-08-07
Amended Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-07-30
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-19
Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2025-05-29
Large Shareholding Report
EDINET
2025-05-19
Large Shareholding Report
EDINET
2025-05-08
Large Shareholding Report
EDINETAmended
2025-04-23
Amended Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINETAmended
2025-02-19
Amended Semi-Annual Securities Report
Period: Apr 2024 – 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
2024-07-30
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-25
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINETAmended
2023-10-27
Amended Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINETAmended
2023-09-08
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
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