Ichiyoshi Securities : IR Presentation for Fiscal year ending March 2022

Stock Code：8624

IR Presentation for Fiscal year ending March 2022

Ichiyoshi Securities Co., Ltd.

April, 2022

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 st andards.

1. Profit and Loss

◆Operating revenue amounted to 19,591 million yen, an increase of 1,321 million yen (up 7.2%) from the year-earlier period.

◆ Current income amounted to 3,443 million yen, an increase of 2,142 million yen (up 164.7%) from the year-earlier period.

◆ Net income attributable to owners of parent amounted to 2,526 million yen, an increase of 1,524 million yen (up 152.2%)

from the year-earlier period.

(JPY mil.) (JPY mil.)

FY 2020	FY 2021	Year-on-year (%)	Year-on-year
Operating revenue	18,270	19,591	7.2%	1,321
Net operating revenue	18,200	19,553	7.4%	1,353
Operating cost & expenses	16,935	16,232	-4.2%	-703
Operating income	1,264	3,321	162.7%	2,057
Current income	1,300	3,443	164.7%	2,142
Extraordinary income & loss	13	138	939.5%	124
Income taxes	312	1,055	237.9%	743
Net income attributable to owners of parent	1,001	2,526	152.2%	1,524

FY 2021
1Q	2Q	3Q	4Q
5,164	4,956	5,223	4,247
5,151	4,945	5,218	4,238
4,268	3,991	4,085	3,886
882	953	1,133	351
937	985	1,150	369
136	-5	7	0
288	263	375	127
785	715	782	242

2. Breakdown of Net Operating Revenue

◆ Commissions amounted to 18,986 million yen, an increase of 1,378 million yen (up 7.8%) from the year-earlier period, mainly increased in commissions from distribution of investment trusts and other sources (mainly trailer fees on investment trusts).

(JPY mil.) (JPY mil.)

FY 2020	FY 2021	Year-on-year (%)	Year-on-year
Commissions	17,608	18,986	7.8%	1,378
Gains on trading	310	161	-48.0%	-149
Other operating balance	144	227	57.3%	82
Interest & dividend income	136	177	30.4%	41
Total	18,200	19,553	7.4%	1,353

FY 2021
1Q	2Q	3Q	4Q
5,004	4,799	5,045	4,137
28	48	77	7
73	50	50	53
44	47	46	39
5,151	4,945	5,218	4,238

3. Breakdown of Commission Revenue

• ◆ Brokerage commissions on stocks amounted to 5,318 million yen, a decrease of 708 million yen (down 11.8%) from the year-earlier period. Commissions from distribution of investment trusts amounted to 3,784 million yen, an increase of 342 million yen (up 10.0%) from the year-earlier period. Commissions from other sources (mainly trailer fees on investment trusts) amounted to 8,564 million yen, an increase of 1,883 million yen (up 28.2%) from the year-earlier period.

• ◆ Commissions from underwriting amounted to 591 million yen, an increase of 94 million yen (up 19.0%) from the year-earlier period, as the Company participated in the management and underwriting of 39 initial public offerings (of which 3 were lead-managed) and 6 public share offerings in the secondary market.

(JPY mil.) (JPY mil.)

＜Reference＞

FY 2021
1Q	2Q	3Q	4Q
5,004	4,799	5,045	4,137

1,410	1,379	1,376	1,150

1,064	1,012	931	775

211	23	270	3
0	1	78	1
212	24	349	4

2,137	2,204	2,194	2,028
132	128	130	121
2,269	2,333	2,325	2,149

(JPY 100 mil.)

Fund distribution

2,213

2,533

14.4%

319

* Including wrap-account fund sales