Western Securities Co. (002673) Q1 2026 earnings summary

Executive summary

• Total revenue for Q1 2026 reached ¥1.42 billion, up 17.11% year-over-year, driven by increased brokerage and asset management fees.

• Net profit attributable to shareholders was ¥284 million, down 2.25% year-over-year, with basic EPS at ¥0.0637, a 2.30% decrease.

• Cash flow from operating activities improved to -¥16.8 million from -¥100.2 million in the prior year.

Financial highlights

• Total assets at quarter-end were ¥142.24 billion, up 16.91% from year-end 2025.

• Shareholders’ equity increased 1.28% to ¥30.53 billion.

• Non-recurring gains totaled ¥7.68 million, mainly from government subsidies and tax rebates.

• Weighted average ROE was 0.94%, down 0.07 percentage points year-over-year.

Outlook and guidance

• Management highlighted robust growth in brokerage and asset management, expecting continued benefit from active securities markets.