Ichiyoshi Securities : IR Presentation for First quarter, year ending March 2022

Stock Code：8624

IR Presentation

for First quarter, year ending March 2022

Ichiyoshi Securities Co., Ltd.

July, 2021

Ⅰ : Business Result (Consolidated)

• Effective as from the first quarter of fiscal 2021,the"Accounting Standards Concerning Revenue Recognition"(Corporate Accounting Standards
  No.29 dated March 31, 2020) and others have been applied.
  Hence, formerly disclosed figures of "operating revenue" are retroactively adjusted in accordance with the said accounting standards.

1. Profit and Loss

• Operating revenue amounted to 5,164 million yen, an increase of 1,352 million yen (up 35.5%) from the year-earlier period.
• Current income amounted to 937 million yen, an increase of 1,302 million yen from the year-earlier period.
• Net income attributable to owners of parent amounted to 785 million yen, an increase of 1,186 million yen from the year-earlier period.

				(JPY mil.)
	FY 2020	FY 2021	Year-on-	Year-on-
	1Q	1Q	year (%)	year
Operating revenue	3,811	5,164	35.5%	1,352
Net operating revenue	3,792	5,151	35.8%	1,358
Operating cost	4,174	4,268	2.3%	94
& expenses
Operating income	-381	882	－	1,264
Current income	-365	937	－	1,302
Extraordinary income	103	136	31.9%	32
& loss
Income taxes	139	288	107.0%	149
Net income attributable	-401	785	－	1,186
to owners of parent

				(JPY mil.)
	FY 2020		FY 2021
1Q	2Q	3Q	4Q	1Q
3,811	4,244	4,823	5,391	5,164
3,792	4,223	4,808	5,375	5,151
4,174	4,223	4,272	4,266	4,268
-381	0	535	1,108	882
-365	-12	566	1,111	937
103	-0	-12	-77	136
139	-71	99	144	288
-401	58	454	889	785

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2. Breakdown of Net Operating Revenue

• Commissions amounted to 5,004 million yen, an increase of 1,315 million yen (up 35.7%) from the year-earlier period, mainly increased in brokerage commissions.

						(JPY mil.)						(JPY mil.)
		FY 2020	FY 2021		Year-on-	Year-on-			FY 2020		FY 2021
		1Q	1Q		year (%)	year		1Q	2Q	3Q	4Q	1Q
	Commissions	3,689	5,004	35.7%	1,315		3,689	4,136	4,639	5,142	5,004
	Gains on trading	28	28	-1.1%	-0
		28	24	98	159	28
	Other operating	43	73	66.5%	29
		43	28	34	37	73
	balance
	Interest & dividend	31	44	43.1%	13
		31	34	35	35	44
	income
	Total	3,792	5,151	35.8%	1,358		3,792	4,223	4,808	5,375	5,151

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3. Breakdown of Commission Revenue

• Brokerage commissions on stocks amounted to 1,410 million yen, an increase of 150 million yen (up 11.9%) from the year-earlier period. Commissions from distribution of investment trusts amounted to 1,064 million yen, an increase of 410 million yen (up 62.7%) from the year-earlier period. Commissions from other sources (mainly trailer fees on investment trusts) amounted to 2,137 million yen, an increase of 669 million yen (up 45.6%) from the year-earlier period.
• Commissions from underwriting amounted to 212 million yen, an increase of 206 million yen from the year-earlier period, as the Company participated in the management and underwriting of 10 initial public offerings (of which 2 was lead-managed).

				(JPY mil.)
	FY 2020 1Q	FY 2021 1Q	Year-on-year	Year-on-year
	(%)
Commissions	3,689	5,004	35.7%	1,315
Brokerage (Major item)
Stocks	1,260	1,410	11.9%	150
Distribution (Major item)
Investment trusts	654	1,064	62.7%	410
Underwriting (Major items)
IPO	4	211	－	207
PO	1	0	-62.0%	-1
Total	5	212	－	206
Commissions from other sources (Major items)
Investment trusts	1,467	2,137	45.6%	669
(trailer fees, etc.)
Other than	129	132	2.1%	2
investment trusts
Total	1,596	2,269	42.1%	672
＜Reference＞				(JPY 100 mil.)
Fund distribution	496	612	23.4%	116

* Including wrap-account fund sales

					(JPY mil.)
	FY 2020			FY 2021
1Q	2Q		3Q	4Q	1Q
3,689	4,136		4,639	5,142	5,004
1,260	1,353		1,678	1,734	1,410
654	771		964	1,051	1,064
4	155		91	128	211
1	76		10	28	0
5	231		102	156	212
1,467	1,593		1,722	1,897	2,137
129	161		135	266	132
1,596	1,755		1,858	2,163	2,269

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