Primary contents from here.
April 25, 2014
OKASAN SECURITIES GROUP INC.
The company is drafting a new medium-term business plan covering the period from April 2014 through March 2017.
1.Outline
During last fiscal year, which marked the 90th anniversary of establishment, the company undertook special initiatives such as the construction of the Okasan Securities Group Tsu Building at the location of its first office, as well as the opening of a trading room at the Muromachi head office of Okasan Securities, a key subsidiary.
Under the new management team formed when our new CEO took office in April 2014, the company positions the next three years as an important period during which it aims to make significant progress ahead of the 95th and 100th anniversaries of its establishment, and has therefore drawn up a new medium-term business plan.
Under the new medium-term business plan, the company aims to increase enterprise value as a body of professional investment advisors to improve management structure in order to ensure stable growth in any environment, by directly leveraging its "Customer First" management philosophy.
2.Period
April 2014 through March 2017
3.Attachments
Okasan Securities Group medium-term business plan
Announcement 1
April 25, 2014
Okasan Securities Group medium-term business plan
There will be no change in the management philosophy emphasizing the "Customer First" that the company has followed since it was established. Different customers certainly have different needs, and customer satisfaction means a variety of things, but we see the ultimate prioritization of the customer's interests by focusing thoroughly on professionalism as our social mission.
To achieve this management philosophy, we train personnel to take "pride" in their work, and to create a group of professionals formed from staff who do have such "pride."
As a result, we think it will be possible to improve Okasan Securities Group's enterprise value.
1.Period of plan
Three years starting April 2014 and ending March 2017
2.Management philosophy
Customer First
In the role of professional advisors, we respond to a broad range of customer needs, and aim to put customer interests first.
3.Management objectives
[Qualitative objectives]
- Aiming for a professional group of investment advisors.
- Being a company of even greater "pride" by thanks to satisfying work.
- Increase enterprise value as a result of (1) and (2) above, and thereby fulfill our responsibilities as a listed company.
[Quantitative objectives]
Achieve following numerical results as a result of pursuing customers' interests.
- Consolidated net assets of 200 billion yen (final year)
- Consolidated ROE of 10% (consistently achieve)
By fully implementing the management philosophy and pursuing the management goals, the company aims to achieve as soon as possible before its 100th anniversary the goals of 1.0 million accounts and assets under custody of ¥10trn.
Announcement 2
Composition of Okasan Securities Group
In addition to the holding company Okasan Securities Group, the group encompasses six securities companies including Okasan Securities (five in Japan, one in Hong Kong), in addition to Okasan Asset Management and three companies that provide group support, so the total number of companies is 10. The main characteristic and strength of the Okasan Securities group is its overall capabilities including each of these companies in addition, of course, to the core operating company Okasan Securities.
