Tachibana Securities Co., Ltd. was founded in 1953 by Mr. Hisashi Ishii, a legendary market forecaster. It is a fully licensed securities company(*), with 430 employees, and 9 branches in the Metropolitan areas of Tokyo, Osaka and Nagoya. It has a wholly-owned subsidiary, Tachibana Securities (HK) Ltd., in Hong Kong. Tachibana Securities is not listed, and the founder's family and endowment own about 70% of the company. Japanese institutional shareholders include Mizuho Bank, MUFJ Trust, Sompo Japan and Mitsui Life. Their financial position is extremely sound. The regulatory capital adequacy ratio was 541.8%, among the highest in the industry, in March 2024, with 74,048 million yen in net assets.
Tachibana Securities focuses on providing information, advice and execution related to the Japanese stock markets. It does not trade bonds, nor overseas equities. Approximately 80% of revenue comes from domestic individual investors, with the remaining 20% from domestic and overseas institutional investors. The Research department includes market strategists and 12 sector analysts, with a bias towards stocks that interest retail investors such as smaller cap shares and those related to fresh themes in the market. They write reports on over 300 companies a year, approximately 20% of which are not covered by any other broker. Reports that may be of interest to fund managers are translated into English and uploaded to Bloomberg, Refinitiv, IFIS and Factset.Â
The retail operations employ 330 salesmen, and the institutional team has 10 sales and trading professionals covering domestic institutions as well as selected international clients.
Tachibana does not engage in Corporate Finance and Underwriting and therefore classify as independent research.
(*) Tachibana Securities Ltd is regulated by the Japanese MOF as a Financial Products Trader. Registration: Kanto region Financial Bureau Chief (Financial Products) #110, Registered Association: Japan Securities Dealers Association (JSDA) / The Financial Futures Association of Japan
