Traders Holdings (8704) Q4 2025 earnings summary
Event summary combining transcript, slides, and related documents.
Q4 2025 earnings summary
24 Jul, 2025Executive summary
Achieved record operating revenue and profit, with revenue up 32.9% and profit attributable to owners up 36.4% year-over-year, driven by strong FX trading, swap appeal strategy, and increased assets under custody, outperforming most FX peers.
Maintained top position in net increase of assets under custody for the second consecutive year, despite industry-wide declines after the August 2024 market crash.
Continued focus on high ROE and wage increases to attract and retain talent, with personnel expenses rising 11.3% year-over-year.
System development segment saw higher internal sales but a decline in external customer revenue.
Financial highlights
Operating revenue reached ¥13,429 million, up 32.9% year-over-year; operating profit rose to ¥6,634 million, up 50.4%.
Profit attributable to owners of parent increased to ¥4,547 million, up 36.4% year-over-year.
Assets under custody grew by ¥11.2 billion to ¥112.2 billion, despite a temporary 2Q decline due to customer realized losses.
Dividends increased for the fourth consecutive year, with DOE exceeding 5% and FY2025 dividend per share at ¥32.00.
Cash and cash equivalents at year-end were ¥12,090 million, up from ¥8,820 million.
Outlook and guidance
FY2026/3 forecast: operating revenue of ¥14,700 million (+9.5%), operating profit of ¥7,000 million (+5.5%), and profit attributable to owners of parent of ¥4,800 million (+5.6%).
Targeting assets under custody of ¥130 billion, a ¥17.8 billion increase, with continued focus on product innovation and customer engagement.
Continued investments in marketing and system development to support expansion, including DX/AI consulting.
Plans to maintain high operating margin despite increased advertising and personnel expenses.
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