PostPrime's TakaTrade Obtains License for Commodity Futures Trading
PostPrime's consolidated subsidiary, TakaTrade, has received permission from the Minister of Agriculture, Forestry and Fisheries and the Minister of Economy, Trade and Industry to operate as a commodity futures trading company under the Commodity Futures Trading Act.
Additionally, on the same date, the company joined the Japan Commodity Futures Trading Association (CFAJ). Following this, services will commence in June for the trading platform that had been under development.
Purpose of Obtaining Commodity Futures Trading Business Permission and Joining the Japan Commodity Futures Trading Association
"PostPrime" is an SNS platform specializing in finance and economics. To expand into new services, PostPrime established TakaTrade in October 2024 and has been developing a trading platform centered on commodity CFD trading while conducting discussions with relevant authorities.
For the commencement of commodity CFD trading services, PostPrime applied for and received permission for a commodity futures trading business. Additionally, to establish a proper framework for providing commodity CFD trading services, PostPrime joined the Japan Commodity Futures Trading Association.
The Japan Commodity Futures Trading Association (CFAJ) is a corporation that has received permission from the Minister of Agriculture, Forestry and Fisheries and the Minister of Economy, Trade and Industry under Article 245 of the Commodity Futures Trading Act. Its purpose is to ensure fair and smooth commodity derivatives trading by its members and commodity futures trading intermediary businesses whose affiliated commodity futures trading companies are members, and to protect consignors and others.
Overview of Subsidiary Providing Trading Platform Services
- Company Name: TakaTrade
- Location: 1-10-5 Toranomon, Minato-ku, Tokyo
- Representative: President and Representative Director Daniel Kei Takahashi
- Capital: 250 million yen
- Ownership Ratio: 100% owned by PostPrime
- Fiscal Year End: May of each year
- Business Content: Research and operation of trading platforms
Future Outlook
The specific service content of the company's commodity CFD trading will be announced on the company's service website at the time of service launch, and PostPrime will promptly disclose details once determined.
The impact of this matter on PostPrime group's consolidated financial results for the fiscal year ending May 2025 is expected to be minimal. However, PostPrime believes it will contribute to improving group performance in the medium to long term, and will appropriately reflect this in its earnings forecasts.
