Director, Head of Research, Smartkarma

Pranav Rao

Director, Head of Research

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Bottom-Up

<ul>
<li>Welcome to Curator’s Cut - a fortnightly roundup of standout themes from the 2,000+ insights published on Smartkarma.</li>
<li>In this cut, we examine the windfall for brokers amid market volatility and other tailwinds, index rule changes to accommodate megacap IPOs, and the prospects in markets for physical AI.</li>
<li>Want to dig deeper? Comment or message with the themes you’d like to see highlighted next.</li>
</ul>


Welcome to Curator’s Cut - a fortnightly roundup of standout themes from the 2,000+ insights published on Smartkarma.
In this cut, we examine the windfall for brokers amid market volatility and other tailwinds, index rule changes to accommodate megacap IPOs, and the prospects in markets for physical AI.
Want to dig deeper? Comment or message with the themes you’d like to see highlighted next.


Curator's Cut: Brokering Records, Race to SpaceX & The Rise of Physical AI

Research Coverage of Japanese Listed Companies, Shared Research Inc

Shared Research

Research Coverage of Japanese Listed Companies

Shared Research Inc

Pioneering research coverage of Japanese listed companies. Now customizable and interactive for global institutional investors. Corporate access reimagined.

<ul><li>Net operating revenue rose 60.4% YoY and 11.9% QoQ, with operating profit increasing 120.0% YoY and 11.3% QoQ.</li><li>SG&A expenses increased 27.1% YoY and 12.5% QoQ, driven by transaction-related and personnel expenses growth.</li><li>Matsui Securities' brokerage commissions grew 68.4% YoY and 18.6% QoQ, reflecting increased equity trading value.</li></ul>

Net operating revenue rose 60.4% YoY and 11.9% QoQ, with operating profit increasing 120.0% YoY and 11.3% QoQ.SG&A expenses increased 27.1% YoY and 12.5% QoQ, driven by transaction-related and personnel expenses growth.Matsui Securities' brokerage commissions grew 68.4% YoY and 18.6% QoQ, reflecting increased equity trading value.

Matsui Securities (8628 JP): Full-year FY03/26 flash update

<ul><li>Net operating revenue reached JPY12.6bn, with a 41.1% YoY increase and 8.8% QoQ growth.</li><li>Operating profit was JPY6.2bn, reflecting a 74.7% YoY rise and an 11.7% QoQ increase.</li><li>SG&A expenses totaled JPY6.4bn, up 18.8% YoY and 6.1% QoQ, with transaction-related expenses rising significantly.</li></ul>

Net operating revenue reached JPY12.6bn, with a 41.1% YoY increase and 8.8% QoQ growth.Operating profit was JPY6.2bn, reflecting a 74.7% YoY rise and an 11.7% QoQ increase.SG&A expenses totaled JPY6.4bn, up 18.8% YoY and 6.1% QoQ, with transaction-related expenses rising significantly.

Matsui Securities (8628 JP): Q3 FY03/26 flash update

<ul><li>Net operating revenue increased 17.0% YoY and 8.4% QoQ to JPY11.6bn, with operating profit at JPY5.6bn.</li><li>Total commissions rose 13.5% YoY and 16.3% QoQ to JPY6.1bn, driven by brokerage commissions increase.</li><li>SG&A expenses were JPY6.0bn, up 14.4% YoY, with transaction-related expenses rising 20.1% YoY to JPY1.8bn.</li></ul>

Net operating revenue increased 17.0% YoY and 8.4% QoQ to JPY11.6bn, with operating profit at JPY5.6bn.Total commissions rose 13.5% YoY and 16.3% QoQ to JPY6.1bn, driven by brokerage commissions increase.SG&A expenses were JPY6.0bn, up 14.4% YoY, with transaction-related expenses rising 20.1% YoY to JPY1.8bn.

Matsui Securities (8628 JP): 1H FY03/26 flash update

<ul><li>Net operating revenue increased to JPY10.7bn (+13.4% YoY; +21.6% QoQ), with operating profit at JPY4.7bn (+10.2% YoY; +47.7% QoQ).</li><li>Total commissions rose to JPY5.2bn (+0.5% YoY; +9.9% QoQ), with brokerage commissions at JPY5.0bn (+1.1% YoY; +10.9% QoQ).</li><li>SG&A expenses increased to JPY6.0bn (+16.0% YoY; +7.0% QoQ), with personnel expenses up 25.7% YoY and 25.3% QoQ.</li></ul>

Net operating revenue increased to JPY10.7bn (+13.4% YoY; +21.6% QoQ), with operating profit at JPY4.7bn (+10.2% YoY; +47.7% QoQ).Total commissions rose to JPY5.2bn (+0.5% YoY; +9.9% QoQ), with brokerage commissions at JPY5.0bn (+1.1% YoY; +10.9% QoQ).SG&A expenses increased to JPY6.0bn (+16.0% YoY; +7.0% QoQ), with personnel expenses up 25.7% YoY and 25.3% QoQ.

Matsui Securities (8628 JP): Q1 FY03/26 flash update

Japan

MATSUI SECURITIES CO., LTD. provides online brokerage services through its website.  The Company offers investment news and educational services.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Matsui Securities (8628 JP)

Curator's Cut: Brokering Records, Race to SpaceX & The Rise of Physical AI

This Curator’s Cut highlights windfall for brokers amidst market volatility, index rule changes for megacap IPOs, and prospects for physical AI....

Pranav Rao