Mebuki Securities

Wiki route

This entry sits under the securities-firms INDEX as the FG-subsidiary securities operating-company anchor for Mebuki FG. Read it against Joyo Bank and Ashikaga Bank (parent bank subsidiaries) and the regional-bank consolidation pattern for system / regulatory boundary. Adjacent peer is Ffg Securities under fukuoka-fg for the FG-affiliated regional-securities comparison.

TL;DR

Mebuki Securities Co., Ltd. is a regional-bank-affiliated securities company that is a 100% subsidiary of Mebuki FG (TSE PRIME 7167); it was group-consolidated and reorganized after the establishment of mebuki-fg (2016-10), based on the former Joyo Securities (of the Joyo Bank lineage). It provides asset management, public-offering equity underwriting, private-placement-bond brokerage, and business-succession advisory to mid-cap-company main-bank clients based in Ibaraki, Tochigi, and the metropolitan area. With a Type I Financial Instruments Business (securities business) license, it is a member of Japan Securities Dealers Association (JSDA).

1. License / group boundary

Item	Notes
Legal name	Mebuki Securities Co., Ltd.
English name	Mebuki Securities Co., Ltd.
License route	FIEA / FIEA Type I Financial Instruments Business (Kanto Local Finance Bureau)
Group boundary	mebuki-fg 100% subsidiary; joyo-bank / ashikaga-bank bank-securities-cooperation counterpart
Headquarters	Mito, Ibaraki Prefecture (around Joyo Bank head office)
Wiki role	Regional-bank FG securities-subsidiary anchor
Industry body	[[financial-regulators/jsda

2. Shareholding tree

[[regional-banks/mebuki-fg|めぶき FG]] (holding company / TSE PRIME 7167)
  ├── [[regional-banks/joyo-bank|常陽銀行]] (100%) ── Ibaraki base
  ├── [[regional-banks/ashikaga-bank|足利銀行]] (100%) ── Tochigi base
  ├── Mebuki Securities (100%, this page) ── group securities
  │     ├── based on the former Joyo Securities (of the Joyo Bank lineage)
  │     └── bank-securities cooperation + asset management for the wealthy / mid-cap companies
  ├── Mebuki Lease (100%) ── equipment leasing / finance
  ├── Mebuki Card (100%) ── regional-bank-issued credit card
  └── Joyo Capital / Ashikaga Capital ── regional-investment / consulting lineage

The former Joyo Securities lineage

2007-11-30: Joyo Securities Co., Ltd. established (Mito, Ibaraki Prefecture, a securities subsidiary of the Joyo Bank lineage)
Its main business was in-prefecture retail brokerage and public-offering / private-placement-bond brokerage for mid-cap companies
The 2010 年s~: as a regional-bank-affiliated securities firm, it expanded its role in asset management / private-placement-bond brokerage under bank-securities cooperation
2017-04-03: renamed Mebuki Securities Co., Ltd.

The establishment of Mebuki FG and group consolidation

2016-10-01: Mebuki FG established (joint share transfer of Joyo Bank + Ashikaga Bank)

4. KPI table (concept)

Item	Overview
Established	2007-11-30 (former Joyo Securities. Renamed “Mebuki Securities” 2017-04 , a direct subsidiary of mebuki-fg 2017-10 )
Capital	30 億円
Number of employees	approx. 90 名
Headquarters	Minami-cho 3-4-12 , Mito, Ibaraki Prefecture
Main operating area	Ibaraki Prefecture, Tochigi Prefecture, the metropolitan area (the mebuki-fg-cooperation base)
Business domain	Public-offering / private-placement equity underwriting, bond brokerage, investment trusts, fund wraps, IPO referral, M&A brokerage
Bank-securities cooperation	joyo-bank / ashikaga-bank client referrals / shared branches
Main client base	Northern Kanto mid-cap companies + wealthy individuals + in-prefecture business succession
Parent company	mebuki-fg 100% investment

Note: Because Mebuki Securities is a non-listed wholly-owned subsidiary, precise standalone financial KPI figures are not separately disclosed; refer to the segment information in the mebuki-fg Securities Report.

5. Business-segment map

Segment	Features
Retail brokerage	Equity / investment-trust brokerage for individual investors based in Ibaraki / Tochigi
Wealth management	Asset-management products such as fund wraps / SMAs
Public-offering equity underwriting	Participation in public-offering capital increases of local listed companies (regional-bank-affiliated underwriting syndicate)
Private-placement-bond brokerage	Private-placement-bond structuring in cooperation with mid-cap-company main banks
IPO referral	Referral of Northern Kanto IPO deals (lead underwriter is a major firm)
M&A brokerage	Business-succession / regional M&A advisory
Bank-securities cooperation	Referral transactions from joyo-bank / ashikaga-bank

Position within the FG

Core of bank-securities cooperation: the securities window for mebuki-fg clients (individuals / mid-cap companies)
Asset-management cross-sell: client migration from bank deposits → investment trusts / fund wraps
Business succession / M&A: advisory services for Northern Kanto mid-cap-company owners

Competitive landscape

Major securities firms (Nomura Holdings (Nomura HD) / Daiwa Sg / smbc-nikko / mizuho-securities): the majors are dominant for major Tokyo companies / the wealthy, while for local clients it counters with bank-securities cooperation
Online securities (sbi-securities / rakuten-securities / matsui-sec): at a disadvantage in personal digital trading, differentiating through face-to-face advisory
Regional-bank-affiliated securities: bank-securities-cooperation counterparts of the same model, such as Ffg Securities / SMBC Nikko
In-prefecture competitors: 77 Bank (77 Bank) (Miyagi) / Chiba Bank-lineage securities

Strengths and weaknesses

Strength: the joyo-bank / ashikaga-bank client base + the Northern Kanto mid-cap-company main-bank network

7. Regulation / policy

Supervision: FSA / Kanto Local Finance Bureau (Type I Financial Instruments Business operator registration)
Industry body: Japan Securities Dealers Association (JSDA) full member
Regulatory points:
- Bank-securities firewall deregulation (2022-) expanding the scope of bank-securities cooperation
- Compliance with the customer-first business-operation principles (FD principle)
- Strengthening of investment-solicitation rules for the elderly
- Pressure for transparency / lower levels of investment-trust sales commissions

mebuki-fg · joyo-bank · ashikaga-bank
ffg-securities · okasan-sg · aizawa-sg · iwai-cosmo-hd
smbc-nikko · mizuho-securities · mufg-mums · daiwa-sg · nomura-hd
jsda · regional-bank-consolidation-pattern · INDEX
securities-firms INDEX

Sources

Mebuki Securities official site (https://www.mebuki-sec.co.jp/)
Mebuki Securities company overview (established 2007-11-30, capital 30 億円, employees approx. 90 名, headquarters Minami-cho 3-4-12, Mito, Ibaraki Prefecture. Former Joyo Securities → renamed 2017-04 → a direct subsidiary of Mebuki FG 2017-10 ) https://www.mebuki-sec.co.jp/company/gaiyo.html
Mebuki FG official IR (https://www.mebuki-fg.co.jp/)
FSA list of Financial Instruments Business operators (https://www.fsa.go.jp/menkyo/menkyoj/kinyushohin.pdf, Type I Financial Instruments Business operators)
Japan Securities Dealers Association (https://www.jsda.or.jp/, association member roster)
Wikipedia: Mebuki Securities https://ja.wikipedia.org/wiki/めぶき証券 — “2007年11月30日 Joyo Securities Co., Ltd. established” “2017年4月3日 renamed Mebuki Securities Co., Ltd.” (2026-05-30 confirmed. Corrected the old version’s erroneous “1944 Joyo Securities established”)
Wikipedia: Mebuki Financial Group (2026-05-24 extraction)

[!info] 検証状況 confidence: likely (FG securities-subsidiary anchor created 2026-05-24). The mebuki-fg page = holding-company strategy is handled there; this page handles the securities-subsidiary operating boundary. The company overview (established 2007-11-30 / capital 30 億円 / employees approx. 90 名) has been confirmed on the official site. Because it is a non-listed wholly-owned subsidiary, precise standalone financial KPI figures are not separately disclosed; refer to the segment information in the parent mebuki-fg Securities Report.