Tokai Tokyo profit plunges 91% on trading decline

Tokai Tokyo Financial Holdings reported a 91.4% plunge in first-quarter operating profit to 392 million yen, with net operating revenue falling 18.5% to 18.4 billion yen. The decline was driven by reduced foreign stock trading income, sluggish investment trust sales, and foreign exchange losses from yen appreciation.

The company announced a commemorative dividend of 16 yen per share for its 25th anniversary, comprising 8 yen each for interim and year-end payments, additional to its ordinary dividend policy.