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Ichiyoshi Securities Reports Decline in Fiscal 2024 Earnings

Story Highlights
  • Ichiyoshi Securities operates in financial services, focusing on securities trading.
  • The company reported decreased earnings for fiscal 2024 due to lower brokerage commissions.
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Ichiyoshi Securities Reports Decline in Fiscal 2024 Earnings

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Ichiyoshi Securities Co ( (JP:8624) ) has shared an update.

Ichiyoshi Securities Co., Ltd. reported a slight decrease in operating revenue for fiscal 2024 compared to the previous year, with notable declines in operating profit, current profit, and net income. The company attributes these declines to reduced brokerage commissions on stocks and beneficiary certificates-offering fees, despite progress in its transformation to a stock-type business model, which saw increases in fund-wrap accounts and investment trusts.

More about Ichiyoshi Securities Co

Ichiyoshi Securities Co., Ltd. operates in the financial services industry, primarily focusing on securities trading and investment services. The company is listed on the Tokyo Stock Exchange and is involved in offering fund-wrap accounts and investment trusts as part of its stock-type business model.

YTD Price Performance: -25.62%

Technical Sentiment Signal: Hold

Current Market Cap: €134.9M

For an in-depth examination of 8624 stock, go to TipRanks’ Stock Analysis page.

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