The Ledger ResearchPrivate

The Front Office

Scouting report · 8704.T

Masayuki Niitsuma

  • Managing Director (常務取締役); over administration, 8704.T since 2022-06src

CPA and managing director over administration at Traders Holdings since 2022

—thin record

Not ranked yet

Scouting sheet

as of 24 Sep 2026
Delivers guidance—no promises on the record yet
Answers the question—no call reviewed yet
Capital allocation—company not reviewed yet
Pay design—no proxy read yet
Skin in the game—no holding or price on file
In the role
4 yr
Promises scored
0
Hit rate
—
Dodges / 100 answers
—
Airtime on calls
—
Every promise, oldest firstno scored promises yet

What to weigh

Watch 3

  • No one at Traders carries a CFO title; treating him as finance chief rests on his CPA background and a search summary putting him over administrationsrc
  • Keeps an outside accounting practice while serving as managing director of a listed broker; the yuho does not say whether it does work for the groupsrc
  • The reading of 新妻 is given as Niizuma by English data providers; Niitsuma is the more common reading. Neither is confirmed by a company English documentsrc

In their favour 1

  • Adds to his shareholding every year (1,000 shares in 2022 to 72,000 in 2026)src

Career

  1. 2022-06 – now
    Traders Holdingssrc
    Managing Director (常務取締役)
  2. 2022-06 – now
    Group subsidiaries: FleGrowth (formerly Nextop.Asia), Nextop Co., Ltd and 耐科斯托普軟件(大連) (Dalian)src
    Director of each
  3. 2021-06 – 2022-06
    Traders Holdingssrc
    Director
  4. 2017-07 – 2021-06
    Traders Holdingssrc
    Adviser (顧問); not a director
  5. 2011-06 – 2017
    Traders Holdingssrc
    Director
    In the officer tables for the years to March 2014-2016; off the board before the adviser post began in July 2017
  6. 2008-11 – now
    Niitsuma CPA Office (新妻公認会計士事務所)src
    Founder and representative
    Still current per the yuho; registered as a tax accountant 2009-05
  7. 2001-09 – ?
    Traders Securities (now Traders Holdings)src
    Joined; director from 2003-04
    The yuho lists a second directorship from 2011-06, so he left the board at some point between 2003 and 2011; when is not stated
  8. 2000-01 – 2001-09
    Ota Showa Audit Corporation (now EY ShinNihon)src
    Auditor; registered CPA 2000-03
  9. 1995-10 – 2000-01
    Tohmatsu (now Deloitte Tohmatsu)src
    Audit staff

Not located: The yuho career does not say when his first directorship (from 2003-04) ended or what he did at Traders between then and 2011-06 beyond founding his own CPA office in 2008. What the 2017-2021 adviser role involved is not described

Achievements

  • Certified public accountant (2000) and tax accountant (2009), trained at Tohmatsu and Ota Showa before joining Traders Securities in 2001src
  • Managing director since June 2022 and a director of the group's Nextop and FleGrowth software subsidiariessrc
  • Has raised his holding every year since 2022, from 1,000 shares to 72,000 (0.245%) in the FY2026 yuhosrc
  • The accounts he oversees showed net income of ¥4.24bn in the year to March 2026, down from a record ¥4.55bn, with operating cash flow at -¥0.80bnsrc

Background

  • Other Runs his own accounting practice, Niitsuma CPA Office, alongside the managing-director role, as the yuho career lists it as currentsrc
  • Other Has moved on and off the Traders board three times since 2003 (director 2003, again 2011-2017, adviser 2017-2021, director again from 2021)src

The promise ledger

No promise on the record yet: the research routine has not scored this company's guidance.

Sources

6
  1. Web search result IRBANK officer page for 新妻正幸 (E03819): copies the yuho officer table (title and shares held, years to March 2014-2016 and 2021-2026) and his career 略歴 from the 第27期 yuho, FY 2025-04-01 to 2026-03-31. Used because EDINET and EDINET DB get_directors are out of reach · 2026-09-24
  2. Web search result IRBANK pay page (E03819): copies the yuho director-pay totals by category (years to March 2014-2026) and the individually disclosed pay (≥¥100m): only 金丸貴行, years to March 2023-2026 · 2026-09-24
  3. Data connector EDINET DB get_director_compensation(edinet_code=E03819, fiscal_year=2025): year ended 2025-03-31, 3 inside directors (excluding audit & supervisory committee): fixed ¥161m, bonus ¥55m, restricted shares ¥165m, total ¥382m · 2026-09-24
  4. Data connector EDINET DB get_financials(edinet_code=E03819, years=3): FYs ended March 2024-2026, JP GAAP consolidated; FY2026 yuho doc S100YCGC submitted 2026-06-16 · 2026-09-24
  5. Web search result WebSearch: トレイダーズホールディングス 新妻正幸 常務取締役 管理 担当 公認会計士 (summary of the 2024-05-23 TDnet officer notice: 新妻正幸, managing director handling administration). PDF not fetched: egress-blocked · 2026-09-24
  6. Web search result WebSearch: Traders Holdings 8704 officers (summary of English data-provider listings: Masayuki Niizuma, Executive Managing Director) · 2026-09-24