Mirae Asset to reenter Japan with acquisition of Sanko Securities

Mirae Asset Securities, once absent from Japan, is preparing to return to the market by acquiring Sanko Securities, a local brokerage firm. This move comes as the company aims to bolster its presence in a market experiencing growing retail investment activity, according to a statement released on Thursday. The company's board has authorized the acquisition of 100% of Sanko Securities' shares via its U.S. affiliate, Mirae Asset Securities Holdings.

The transaction is estimated to be worth around 42.6 billion won, or approximately $35.62 million, with the final price to be confirmed at the closing stage, pending regulatory clearances and other prerequisites. To finance this acquisition and future growth in Japan, Mirae Asset will inject a total of 100.6 billion won into its U.S. affiliate.

Sanko Securities, a key player within Japan's Okasan Securities Group, specializes in proprietary trading, which involves trading securities such as stocks, bonds, and other financial instruments using the firm's own capital to generate profits. For the fiscal year concluding in March 2026, Sanko reported a net profit of about 400 million won and held assets worth 39.1 billion won.

The acquisition represents a strategic step for Mirae Asset as it seeks to strengthen its foothold in Japan's competitive financial services landscape.