Traders Holdings (8704) investor relations material

Executive summary

• Operating revenue for the nine months ended December 31, 2025, was JPY 8,998 million, down 14.8% year-over-year due to prolonged low FX market volatility.

• Profit attributable to owners of parent for 3Q FY 3/2026 was JPY 2,747 million, a 28.2% decrease year-over-year.

• Assets under custody surpassed the year-end target, reaching JPY 128.8 billion by December 2025, up JPY 16.5 billion year-over-year.

• The core FX trading business faced lower net trading income, but customer accounts and assets under custody grew.

• Full-year earnings forecast was revised downward due to continued low volatility, but the year-end asset target was raised to JPY 135.0 billion.

Financial highlights

• Operating profit for the nine months ended December 31, 2025, was JPY 3,841 million, down 31.5% year-over-year.

• Comprehensive income for the period was JPY 2,762 million, down 27.8% year-over-year.

• Basic earnings per share was JPY 102.61, compared to JPY 138.07 in the prior year.

• Total assets increased to JPY 157,238 million as of December 31, 2025.

• Net assets rose to JPY 18,360 million, with a capital adequacy ratio of 11.6%.

Outlook and guidance

• Full-year operating revenue forecast was revised down from JPY 14,700 million to JPY 12,000 million.

• Operating profit and ordinary profit are both projected at JPY 5,000 million.

• Profit attributable to owners of parent forecast was lowered from JPY 4,800 million to JPY 3,500 million, with basic EPS of JPY 131.21.

• Dividend forecast was revised upward, with a full-year dividend of JPY 40 per share expected.

• Year-end assets under custody target was raised to JPY 135.0 billion, expecting future earnings contribution.