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

Stock Code：8624

IR Presentation

for Third quarter, year ending March 2022

Ichiyoshi Securities Co., Ltd.

January, 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 standards.

1. Profit and Loss

• Operating revenue amounted to 15,344 million yen, an increase of 2,464 million yen (up 19.1%) from the year-earlier period.
• Current income amounted to 3,073 million yen, an increase of 2,884 million yen from the year-earlier period.
• Net income attributable to owners of parent amounted to 2,283 million yen, an increase of 2,171 million yen from the year-earlier period.

				(JPY mil.)
	FY 2020	FY 2021	Year-on-	Year-on-
	3Q	3Q	year (%)	year
Operating revenue	12,879	15,344	19.1%	2,464
Net operating revenue	12,825	15,315	19.4%	2,490
Operating cost	12,669	12,345	-2.6%	-324
& expenses
Operating income	155	2,970	-	2,814
Current income	188	3,073	-	2,884
Extraordinary income	90	138	52.5%	47
& loss
Income taxes	167	928	454.1%	760
Net income attributable	111	2,283	-	2,171
to owners of parent

						(JPY mil.)
	FY 2020			FY 2021
1Q	2Q	3Q	4Q	1Q	2Q	3Q
3,811	4,244	4,823	5,391	5,164	4,956	5,223
3,792	4,223	4,808	5,375	5,151	4,945	5,218
4,174	4,223	4,272	4,266	4,268	3,991	4,085
-381	0	535	1,108	882	953	1,133
-365	-12	566	1,111	937	985	1,150
103	-0	-12	-77	136	-5	7
139	-71	99	144	288	263	375
-401	58	454	889	785	715	782

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2. Breakdown of Net Operating Revenue

• Commissions amounted to 14,849 million yen, an increase of 2,383 million yen (up 19.1%) 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.)
	FY 2020	FY 2021	Year-on-	Year-on-
	3Q	3Q	year (%)	year
Commissions	12,465	14,849	19.1%	2,383
Gains on trading	151	153	1.7%	2
Other operating balance	107	173	62.5%	66
Interest & dividend	101	138	36.8%	37
income
Total	12,825	15,315	19.4%	2,490

						(JPY mil.)
	FY 2020			FY 2021
1Q	2Q	3Q	4Q	1Q	2Q	3Q
3,689	4,136	4,639	5,142	5,004	4,799	5,045
28	24	98	159	28	48	77
43	28	34	37	73	50	50
31	34	35	35	44	47	46
3,792	4,223	4,808	5,375	5,151	4,945	5,218

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3. Breakdown of Commission Revenue

• Brokerage commissions on stocks amounted to 4,167 million yen, a decrease of 125 million yen (down 2.9%) from the year-earlier period. Commissions from distribution of investment trusts amounted to 3,009 million yen, an increase of 618 million yen (up 25.9%) from the year-earlier period. Commissions from other sources (mainly trailer fees on investment trusts) amounted to 6,536 million yen, an increase of 1,752 million yen (up 36.6%) from the year-earlier period.
• Commissions from underwriting amounted to 586 million yen, an increase of 246 million yen (up 72.6%) from the year-earlier period, as the Company participated in the management and underwriting of 34 initial public offerings (of which 3 were lead-managed) and 6 public share offerings in the secondary market.

				(JPY mil.)
	FY 2020 3Q	FY 2021 3Q	Year-on-year	Year-on-year
	(%)
Commissions	12,465	14,849	19.1%	2,383
Brokerage (Major item)
Stocks	4,292	4,167	-2.9%	-125
Distribution (Major item)
Investment trusts	2,390	3,009	25.9%	618
Underwriting (Major items)
IPO	250	506	101.7%	255
PO	88	80	-9.7%	-8
Total	339	586	72.6%	246
Commissions from other sources (Major items)
Investment trusts	4,783	6,536	36.6%	1,752
(trailer fees, etc.)
Other than	427	391	-8.3%	-35
investment trusts
Total	5,210	6,927	32.9%	1,716
＜Reference＞				(JPY 100 mil.)

						(JPY mil.)
	FY 2020			FY 2021
1Q	2Q	3Q	4Q	1Q	2Q	3Q
3,689	4,136	4,639	5,142	5,004	4,799	5,045
1,260	1,353	1,678	1,734	1,410	1,379	1,376
654	771	964	1,051	1,064	1,012	931
4	155	91	128	211	23	270
1	76	10	28	0	1	78
5	231	102	156	212	24	349
1,467	1,593	1,722	1,897	2,137	2,204	2,194
129	161	135	266	132	128	130
1,596	1,755	1,858	2,163	2,269	2,333	2,325

Fund distribution	1,588	2,080	31.0%	491

* Including wrap-account fund sales

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