Tokai Tokyo, MUFJS report strong structured bond activity

Tokai Tokyo Securities posted JPY803m (US$5.6m) net profit in Q1 FY22 ended in June 2022, down 34.5% year-on-year (YoY), despite stable operating revenues at JPY15.8 billion. The profit represented a record-low level since Q2 FY20 ended in September 2021, according to the firm's Q2 FY22 earnings report. The total sales volume of foreign bonds and structured bonds reached a new peak in Q1 FY23 in two years as it was 29% higher reaching JPY83.8 billion YoY.   Sales of foreign bonds dou