Mirae Asset to reenter Japan with acquisition of Sanko Securities
A decade after it exited the country, Mirae Asset Securities is set to reenter Japan through its acquisition of local brokerage Sanko Securities, as it looks to expand its presence in a market where retail investment is gaining momentum, the company said Thursday. The company said its board approved a plan to purchase 100 percent of the stakes in Sanko Securities through its U.S. affiliate, Mirae…
Mirae Asset, a securities firm that previously exited the Japanese market a decade ago, plans to return through the acquisition of local broker Sanko Securities, according to a statement released on Thursday. The company's board has approved a plan to acquire 100% of Sanko Securities' shares via its U.S. subsidiary, Mirae Asset Securities Holdings.
The deal is estimated to be worth approximately 42.6 billion won ($35.62 million), with the final amount to be confirmed at closing after regulatory clearances and other prerequisites are satisfied. Mirae Asset will contribute a total of 100.6 billion won to its U.S. affiliate to finance the purchase and future growth in Japan. Sanko Securities, operating under Japan’s Okasan Securities Group, primarily engages in proprietary trading – the practice of buying and selling stocks, bonds, and other securities using the firm's own funds to generate profits.
For the fiscal year concluding in March 2026, Sanko reported a net profit of roughly 400 million won and net assets amounting to 39.1 billion won.
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- Mirae Asset to reenter Japan with acquisition of Sanko Securities koreatimes.co.kr
