Industrial Securities Co. (601377) Q4 2025 earnings summary

Executive summary

• Achieved record revenue of ¥11.84 billion in 2025, up 21.03% year-over-year, with net profit attributable to shareholders at ¥2.87 billion, up 32.64%.

• All business segments contributed to growth, with significant advances in wealth management, institutional services, and asset management.

• Maintained robust risk management and compliance, with no major risk events or regulatory penalties.

• Continued strong capital position and liquidity, with net capital of ¥37.53 billion and risk coverage ratio at 266.22%.

• Proposed cash dividend of ¥1.00 per 10 shares, total cash dividends for the year at ¥1.30 billion, representing 47.46% payout ratio.

Financial highlights

• Operating income rose 21.03% year-over-year to ¥11.84 billion; net profit attributable to shareholders increased 32.64% to ¥2.87 billion.

• Total assets reached ¥344.99 billion, up 14.61% from prior year; net assets attributable to shareholders at ¥61.64 billion, up 6.61%.

• Basic EPS was ¥0.32, up 32.54% year-over-year; ROE improved to 4.93%.

• Fee and commission income grew 20.83% to ¥6.37 billion; investment income surged 69.46% to ¥3.86 billion.

• Asset management AUM increased 26% to ¥127.2 billion; public fund AUM reached ¥749.1 billion, up 15%.

Outlook and guidance

• Focus on high-quality growth, digital transformation, and buy-side wealth management.

• Plans to strengthen investment banking, asset management, and international business, with emphasis on technology, green finance, and risk control.

• 2026 marks the start of the new five-year plan, targeting further improvements in competitiveness, brand influence, and sustainable development.