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AIZAWA SECURITIES shares fall sharply on lower net profit forecast for fiscal year ending March 2026
AIZAWA SECURITIES GROUP CO., LTD. <8708> shares fell sharply. After the close of trading on 20th, the company announced preliminary consolidated financial results for the fiscal year ending March 2026. Net profit is expected to reach 2.752 billion yen, down 13.2% from the previous year. While stock brokerage commissions and trust fees increased, the profit decline was attributed to higher selling, general and administrative expenses associated with the expansion of its platform business, as well as losses on unlisted assets in investment funds. The stock was sold off following the announcement. The company plans to release its official earnings report on 28th.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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