Traders Holdings (8704) Q1 2027 earnings summary

Executive summary

• Operating revenue for Q1 FY2026/FY3/2027 reached ¥3,974 million, up 31.7% year-over-year and quarter-over-quarter, with operating profit at ¥2,097 million, up 50.2% YoY/QoQ, and an operating profit margin of 52.8%.

• Profit attributable to owners increased 32.1% YoY to ¥1,426 million, with comprehensive income up 34.4% to ¥1,435 million.

• Assets under custody increased by ¥5.7 billion from the previous fiscal year-end, reaching ¥139.0 billion, progressing toward the full-year target.

• Despite a challenging, low-volatility market, temporary spikes in trading activity from FX interventions and interest rate instability supported strong earnings.

Financial highlights

• Operating revenue and profit exceeded 25% of full-year targets, with assets under custody at 34.3% of the annual goal.

• Ordinary profit for Q1 was ¥2,080 million (progress rate 29.7%), and profit attributable to owners was ¥1,426 million (progress rate 29.7%).

• Total assets at June 30, 2026, were ¥180,229 million, up ¥14,472 million from March 31, 2026.

• Net assets increased by ¥824 million to ¥20,702 million, mainly due to net income and dividend payments.

• Basic EPS for Q1 FY2026 was ¥54.10, up from ¥39.63 a year earlier.

Outlook and guidance

• Full-year targets remain unchanged: operating revenue ¥15,700 million, operating profit ¥7,000 million, ordinary profit ¥7,000 million, profit attributable to owners ¥4,800 million, and assets under custody ¥150.0 billion.

• No changes to previously announced full-year forecasts.

• The company aims to maintain industry-leading spreads and swap points to attract new customers and support asset growth.