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  1. May 26, 2026 · 3 min read

    Hakuhodo DY beat its margin target early, but gross profit still has to catch up

    Hakuhodo DY says restructuring has already pushed adjusted margin above its March 2027 goal, but gross profit growth and ROE still lag. Management's plan for the current year leans on digital win rates, Digital Holdings synergies, a mid-3% domestic ad market and AI investment that raises system costs more than headcount.

  2. May 26, 2026 · 3 min read

    Japan’s payments-rule update hardens domestic ringfencing and trust-asset disclosure

    Japan’s Payment Services Act revision comes with practical clarifications for e-payment and crypto-adjacent operators. The FSA says matched safe assets do not automatically satisfy domestic asset holding orders, and changes in the composition of assets backing specific trust beneficiary rights are the kind of changes that must be notified.

  3. May 26, 2026 · 3 min read

    Japan’s Prime market gets a size-based clock for sustainability reporting

    FSA materials sketch a three-bucket SSBJ rollout for larger Prime Market issuers, starting with companies averaging ¥3 trillion or more in market cap in the year ending March 2027. Assurance would become mandatory from the following year, stay limited for the first two years, and Prime companies below ¥500 billion are still left for later consideration.