Marusan Securities (丸三証券)
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This entry sits under securities-firms INDEX. Read it against Aizawa Securities Group for peer / contrast context, Japan financial instruments business operators registry index for the regulatory-license layer, and securities license stack for the FIEA license boundary.
TL;DR
Marusan Securities is a long-established mid-tier independent broker founded in 1910 年 (TSE PRIME 8613), an independent securities company with over 110 years of history specializing in face-to-face retail as its main axis + consulting-style sales. In the FSA’s list of financial-instruments business operators it is listed as “丸三証券株式会社,” registered as Director-General of the Kanto Local Finance Bureau (Financial Instruments) 第167号. JSDA full member. It does not belong to a megabank or telco group; it keeps the traditional mid-tier brokerage model centered on face-to-face sales of equities, bonds, and investment trusts, with competitors in the mid-tier independent-broker bracket such as Aizawa Securities Group / Okasan Sg / Iwai Cosmo Holdings / Tokai Tokyo Fh.
1. Corporate / license boundary
| Item | Reading |
|---|---|
| Legal name | 丸三証券株式会社 |
| English name | Marusan Securities Co., Ltd. |
| Securities code | TSE PRIME 8613 |
| FSA registration | Director-General of the Kanto Local Finance Bureau (Financial Instruments) 第167号 |
| FIEA scope | Type I Financial Instruments Business (securities business) |
| SRO membership | Japan Securities Dealers Association ([[financial-regulators/jsda |
| Founded | 1910 年 |
| Head office | Kojimachi, Chiyoda-ku, Tokyo |
| Business type | Independent mid-tier broker (single-business-company type, not converted to a holding company) |
2. Company structure
Legal name: 丸三証券株式会社 Founded: 1910 年 (founded in Tokyo as a sole proprietorship in the Meiji era) Listing: listed on the TSE after the postwar reorganization of the stock market; currently TSE PRIME (8613) Head office: Kojimachi, Chiyoda-ku, Tokyo Business type: Financial instruments business (Type I financial-instruments business operator) — mid-tier independent broker
Characteristics of the business type
Marusan Securities is a long-established mid-tier independent broker of the single-business-company type that has not gone through holding-company conversion. It holds no banking, insurance, or crypto-asset business within the group, and its defining feature is a simple business structure purely specialized in the securities business (especially face-to-face retail equities, bonds, and investment trusts). This is a different organizational form from Aizawa Securities Group (already converted to a holding company) or Okasan Sg (already converted to a holding company).
Key chronology (public-information based)
| Year/Month | Event |
|---|---|
| 1910 | Founded in Tokyo as a sole proprietorship (long-established Meiji-era broker) |
| 2022-04 | TSE market-segment review → transition to TSE PRIME |
3. Business-segment map
| Segment | Content | Characteristics |
|---|---|---|
| Domestic equities (face-to-face retail) | Brokerage of equity trading for individual investors | Core business, wealthy / senior client base |
| Investment trusts | Public-offering investment-trust sales | Stable revenue source |
| Corporate transactions | SME owners / regional corporations | Corporate IB is limited |
| Online trading | Online branch attached | Hybrid of face-to-face + online |
Position as a long-established mid-tier independent broker
Marusan Securities is a long-established firm founded in 1910 年, a mid-tier independent broker with over 110 years of history. It occupies a position different from megabank-affiliated brokers (SMBC Nikko / MUMSS / Mizuho Securities), major face-to-face brokers (Nomura Holdings (Nomura HD) / Daiwa Sg), and online-only firms (SBI Securities / Rakuten Securities / Monex Group), maintaining the niche of face-to-face retail × mid-tier independence. It differs from the Chukyo / Kansai-based Okasan Sg / Iwai Cosmo Holdings / Tokai Tokyo Fh in its regional base (Tokyo vs Chukyo / Kansai).
Competitive environment (japan-online-brokerage-competition context)
- Differentiates through face-to-face consulting sales against the commission-free trend of online brokers
- Maintains the niche of “educational sales” and “face-to-face consultation” for wealthy / senior clients
- Competition with major face-to-face brokers is disadvantageous due to the scale gap, but it maintains a distinctive brand in the mid-tier independent-broker bracket
5. Regulation and policy
- Supervision: Financial Services Agency (FSA) / Kanto Local Finance Bureau
- Business type: Type I Financial Instruments Business (securities business)
- Regulation: Financial Instruments and Exchange Act / Japan Securities Dealers Association (JSDA) self-regulation
- Recent policy points:
- 2025〜 strengthening of customer-first business operations (FD principles): a justifying factor for the face-to-face consulting-style sales model
Related
- aizawa-sg · okasan-sg · iwai-cosmo-hd · tokai-tokyo-fh
- matsui-sec · monex-group
- jsda
- financial-instruments-business-operators-japan-index
Sources
- FSA, “金融商品取引業者登録一覧,”
kinyushohin.xlsx(public Excel list). - Japan Securities Dealers Association (JSDA), “協会員名簿.”
- 丸三証券株式会社, “会社概要” (official corporate site).