Preliminary Consolidated Earnings Figures for First Three Quarters of Fiscal 2011

(Press release on January 18, 2012) (English translation for reference purpose only)

ICHIYOSHI SECURITIES CO., LTD.

Listed on: Tokyo Stock Exchange (1st Section) and Osaka Securities
Exchange (1st Section) (Stock code: 8624) President & Chief Executive Officer: Mr. Masashi Takehi Enquiry to: Public Relations Office (Tel: [phone])

Preliminary Consolidated Earnings Figures for First Three Quarters of Fiscal 2011

The following are our preliminary consolidated earnings figures for the first three quarters of fiscal 2011 (from April 1 to December 31, 2011), as compared with the actual result for the first three quarters of fiscal 2010 and that for the whole fiscal 2010. The final consolidated earnings figures for the first three quarters of fiscal 2011 are scheduled to be released on January 30, 2012.
Preliminary consolidated earnings figures (in millions of yen)
First three quarters of Fiscal 2010
Fiscal 2011 Fiscal 2010
------------------------------------------------------------------------------------------------------------------- (Preliminary) (Actual) (Actual)
Revenue 10,315 9,199 13,101
Operating income -483 -1,661 -1,612
Current income -491 -1,517 -1,499
Net income -519 -1,512 -1,575
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Since financial instruments-trading business is susceptible to volatile factors in the market, we do not give a guidance on prospective earnings before the end of our quarterly or annual business term.
Although the above-mentioned preliminary consolidated earnings figures are prepared on the basis of our reasonable judgment at this point of time, there is a possibility that they may differ from the final consolidated earnings figures scheduled to
be released on January 30, 2012.
(End)