Yutaka Trusty Securities Co Ltd

Yutaka Trusty Securities Co Ltd maintains a conservative capital structure with a low debt-to-equity ratio of 0.06, indicating minimal leverage and strong equity backing. The company's liquidity position is supported by cash and equivalents of ¥7,978.71 million, which is 8.0% of total assets, and a current ratio of 1.09, suggesting adequate short-term liquidity to meet obligations. The low liquidity risk is further reinforced by the absence of immediate filing-based liquidity flags.

Profitability metrics show a return on equity (ROE) of 2.86% and a return on assets (ROA) of 0.36%, both below the industry median for investment banking and brokerage services. The net income of ¥356.05 million represents 17.5% of revenue, indicating a relatively narrow margin profile compared to peers. The operating margin of 22.9% is also below the industry median, suggesting potential inefficiencies or competitive pressures in cost management.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and regulatory changes in Japan. The absence of segment-specific disclosures limits the ability to assess performance across different lines of business.

Growth trajectory appears modest, with no disclosed revenue growth over the past year. The company's capital expenditure of -¥96.82 million suggests a net cash inflow from operations, but no significant reinvestment in long-term assets. Analyst estimates for revenue and EPS align closely with reported figures, indicating stable but unremarkable performance expectations.

Risk factors are limited, with low dilution and liquidity risk scores. The company has not issued additional shares in the recent period, and no dilution flags were detected in filings. However, the low ROE and ROA suggest that the company may struggle to generate returns that exceed its cost of capital, which could pressure shareholder value over time.

Recent events include the publication of the latest financial results, which show a net income of ¥356.05 million and revenue of ¥2.04 billion. No material regulatory or legal events were disclosed in the most recent filings.

Net income surged 131% year-over-year to JPY 4.4 billion, demonstrating exceptional profitability growth momentum.

Free cash flow increased 147% to JPY 4.0 billion, highlighting robust cash generation capabilities.

Debt-to-equity ratio of 0.06 is significantly lower than the 0.30 cohort median, ensuring a conservative capital structure.

Total assets grew 128% year-over-year, reflecting substantial balance sheet expansion and potential for future revenue generation.

Return on assets of 0.36% remains low, suggesting limited profitability relative to the total asset base size.

Capital expenditure intensity of -4.7% ranks in the bottom quartile, potentially indicating underinvestment in growth.

Revenue ¥2.46B, +42,3% YoY; Operating income +158,4% YoY.

• ▍Revenue ¥2.46B, +42,3% YoY
• ▍Operating income +158,4% YoY
• ▍Net income +118,8% YoY
• ▍Net margin 35.2%

Revenue ¥2.18B, −22,8% YoY; Operating income −24,6% YoY.

• ▍Revenue ¥2.18B, −22,8% YoY
• ▍Operating income −24,6% YoY
• ▍Net income −21,4% YoY
• ▍Net margin 27.7%

Revenue ¥1.86B, −8,9% YoY; Operating income +13,2% YoY.

• ▍Revenue ¥1.86B, −8,9% YoY
• ▍Operating income +13,2% YoY
• ▍Net income +97,8% YoY
• ▍Net margin 37.8%

Revenue ¥1.24B; Operating income ¥47.7M.

• ▍Revenue ¥1.24B
• ▍Operating income ¥47.7M
• ▍Net margin 3.8%

Revenue ¥1.73B; Operating income ¥422.5M.

• ▍Revenue ¥1.73B
• ▍Operating income ¥422.5M
• ▍Net margin 22.9%

Revenue ¥2.83B; Operating income ¥1.14B.

• ▍Revenue ¥2.83B
• ▍Operating income ¥1.14B
• ▍Net margin 27.2%

Revenue ¥2.04B; Operating income ¥470.1M.

• ▍Revenue ¥2.04B
• ▍Operating income ¥470.1M
• ▍Net margin 17.4%

Revenue ¥12.99B, +69,6% YoY; Operating income +193,7% YoY.

• ▍Revenue ¥12.99B, +69,6% YoY
• ▍Operating income +193,7% YoY
• ▍Net income +131,0% YoY
• ▍Free cash flow +146,8% YoY
• ▍Net margin 34.1%

Revenue ¥7.66B, +3,5% YoY; Operating income +11,1% YoY.

• ▍Revenue ¥7.66B, +3,5% YoY
• ▍Operating income +11,1% YoY
• ▍Net income +33,9% YoY
• ▍Free cash flow +37,7% YoY
• ▍Net margin 25.0%

Revenue ¥7.40B, +7,7% YoY; Operating income +38,8% YoY.

• ▍Revenue ¥7.40B, +7,7% YoY
• ▍Operating income +38,8% YoY
• ▍Net income +61,0% YoY
• ▍Free cash flow +66,8% YoY
• ▍Net margin 19.3%

Revenue ¥6.87B, +2,4% YoY; Operating income −1,5% YoY.

• ▍Revenue ¥6.87B, +2,4% YoY
• ▍Operating income −1,5% YoY
• ▍Net income −8,9% YoY
• ▍Free cash flow −15,6% YoY
• ▍Net margin 12.9%

Revenue ¥6.72B; Operating income ¥1.41B.

• ▍Revenue ¥6.72B
• ▍Operating income ¥1.41B
• ▍Net margin 14.5%