Company's name: Mizuho Securities Co., Ltd. | URL: http://www.mizuho-sc.com/ |
Representative: Hiroshi Motoyama, President | |
Contact: Akio Arai, General Manager of Accounting Dept. on +81 3-5208-3210 | |
Preparation of supplemental explanatory documents: Yes | |
Holding of quarterly presentation meeting: No |
-
Consolidated Financial Results for the Six Months Ended September 30, 2015 (April 1, 2015 to September 30, 2015)
(Amounts are rounded down to the nearest millions of yen)
(Note) Comprehensive income:
September 30, 2015:
34,650 million yen
(23.1%)
September 30, 2014:
28,141 million yen
(-31.6%)
Consolidated operating results (Percentage figures represent year-on-year changes)
Operating revenues
Net operating revenues
Operating income
Ordinary income
Six months ended
millions of yen
%
millions of yen
%
millions of yen
%
millions of yen
%
September 30, 2015
237,027
20.2
211,919
20.3
46,303
48.3
47,352
47.7
September 30, 2014
197,125
1.6
176,187
5.1
31,213
9.0
32,060
10.2
Net income attributable to owners of parent
Net income per share
Net income per share
- fully diluted
Six months ended
millions of yen
%
yen
yen
September 30, 2015
38,723
66.1
19.22
―
September 30, 2014
23,318
(38.8)
11.57
―
Consolidated financial positions
Total assets
Net assets
Equity ratio
September 30, 2015
millions of yen
millions of yen
%
21,547,439
723,661
3.2
March 31, 2015
21,048,338
706,160
3.2
Reference: Equity (i.e. 'Shareholders' equity' and 'Accumulated other comprehensive income'):
September 30, 2015:
698,188 million yen
March 31, 2015:
681,629 million yen
-
Notes
Changes in significant subsidiaries (changes in specified subsidiaries accompanying changes in the scope of consolidation) during the period: None
Application of specific accounting methods in the preparation of quarterly consolidated financial statements: None
Changes in accounting policies, estimates, and restatements:
Changes in accounting policies in accordance with revisions of accounting standards: Yes
Changes other than 1) above: None
Changes in accounting estimates: None
Restatements: None
(Note) Changes in accounting policies in accordance with revisions of accounting standards are described in 'Changes in accounting policies, estimates, and restatements' in '1.Summary Information (Notes)' on page 2.
Number of outstanding shares (common stock)
Number of shares issued at end of the period (including treasury stock): September 30, 2015: 2,015,102,652 shares
-
Note on the going-concern assumption
Not applicable
- Note on material changes in shareholders' equity
-
Commissions
Six months ended September 30, 2014
Six months ended September 30, 2015
Increase/(Decrease)
Amount
Percentage
(%)
Brokerage commissions
29,546
30,914
1,367
4.6
Equities
21,948
22,170
222
1.0
Bonds
7,383
8,281
897
12.2
Underwriting and selling fees, and
commissions from solicitation to
19,389
29,767
10,378
53.5
qualifying investors
Equities
5,712
9,359
3,647
63.9
Bonds
13,661
20,270
6,608
48.4
Offering, selling, and other commissions
and fees, and commissions from
19,325
23,019
3,694
19.1
solicitation to qualifying investors
Other commissions and fees
32,767
41,286
8,518
26.0
Total
101,029
124,988
23,959
23.7
Breakdown by items
Six months ended September 30, 2014
Six months ended September 30, 2015
Increase/(Decrease)
Amount
Percentage
(%)
Equities
28,296
33,933
5,636
19.9
Bonds
23,978
35,205
11,227
46.8
Beneficiary certificates
38,511
43,465
4,953
12.9
Others
10,242
12,384
2,142
20.9
Total
101,029
124,988
23,959
23.7
Breakdown by instruments
-
Net gain on trading
(Millions of yen)
(Millions of yen)
(Millions of yen)
Six months ended September 30, 2014
Six months ended September 30, 2015
Increase/(Decrease)
Amount
Percentage
(%)
Equities, etc.
5,841
15,601
9,760
167.1
Bonds, etc. · Others
46,256
46,150
(105)
(0.2)
Bonds, etc.
47,295
37,663
(9,631)
(20.4)
Others
(1,038)
8,487
9,525
-
Total
52,097
61,752
9,654
18.5
-
Capital adequacy requirement ratio
-
Consolidated base
(Millions of yen)
As of March 31, 2015
As of September 30, 2015
Basic items
Total capital
(A)
656,294
695,596
Supplemental items
Net unrealized gains on (operating) investment securities, net of tax, etc.
32,716
28,065
Reserve for financial instruments transaction liabilities, etc.
1,607
1,848
Allowance for doubtful accounts
71
70
Subordinated long-term borrowings
74,000
62,000
Subordinated short-term borrowings
271,000
273,000
Total
(B)
379,396
364,983
Deducted assets
(C)
219,570
221,025
Equity after deduction (A) + (B) - (C)
(D)
816,120
839,555
Amount equivalent to risk
Amount equivalent to market risk
166,488
137,120
Amount equivalent to counterparty risk
61,967
59,471
Amount equivalent to fundamental risk
75,845
83,403
Total
(E)
304,302
279,995
Consolidated capital adequacy requirement ratio
(D)/(E) * 100
268.1%
299.8%
- Non-consolidated base
March 31, 2015: 2,015,102,652 shares
2) | Number of treasury stock at end of the period: |
September 30, 2015: | - shares |
March 31, 2015: | - shares |
3) Average number of outstanding shares for the six months:
Six months ended September 30, 2015 2,015,102,652 shares
Six months ended September 30, 2014 2,015,102,652 shares
* Other important matters Not applicable
1. | Summary Information (Notes) | p.2 |
Changes in accounting policies, estimates, and restatements | p.2 | |
2. | Quarterly Consolidated Financial Statements | p.3 |
(1) Quarterly Consolidated Balance Sheets | p.3 | |
(2) Quarterly Consolidated Statements of Income and Comprehensive Income | p.6 | |
(3) Note on the going-concern assumption | p.8 | |
(4) Note on material changes in shareholders' equity | p.8 | |
3. | Supplemental Information | p.8 |
(1) Commissions | p.8 | |
(2) Net gain on trading | p.8 | |
(3) Capital adequacy requirement ratio | p.9 | |
(4) Quarterly Consolidated Statements of Income | p.10 | |
4. | (Reference) Quarterly Non-consolidated Financial Statements | p.11 |
(1) (Reference) Quarterly Non-consolidated Balance Sheets | p.11 | |
(2) (Reference) Quarterly Non-consolidated Statements of Income | p.13 |
(Changes in accounting policies)
The Company has applied 'Revised Accounting Standard for Business Combinations (ASBJ Statement No. 21, September 13, 2013) (hereinafter, the 'Business Combinations Accounting Standard'), 'Revised Accounting Standard for Consolidated Financial Statements (ASBJ Statement No. 22, September 13, 2013) (hereinafter, the 'Consolidation Accounting Standard'), 'Revised Accounting Standard for Business Divestitures' (ASBJ Statement No. 7, September 13, 2013) (hereinafter, the 'Business Divestitures Accounting Standard' ) and other standards from the first quarter ended June 30, 2015. Accordingly, the accounting methods have been changed to record the difference arising from changes in equity in subsidiaries which the Company continues to control as capital surplus, and to record business acquisition costs as expenses for the fiscal year in which incurred. In addition, regarding business combinations occurring on or after April 1, 2015, the accounting method has been changed to retroactively reflect adjustments to the amount allocated to acquisition costs arising from the finalization of the provisional accounting treatment on the consolidated financial statements of the period in which the business combination occurs. Furthermore, presentation of Net Income and others has been changed and presentation of Minority Interests has been changed to Non-controlling Interests. In order to reflect the changes in presentation of financial statements, reclassification was made accordingly in the quarterly consolidated financial statements for the six months ended September 30, 2014 and the consolidated financial statements for the fiscal year ended March 31, 2015.
The Business Combinations Accounting Standard and other standards have been applied in accordance with the transitional treatment set forth in Article 58-2 (3) of the Business Combinations Accounting Standard, Article 44-5 (3) of the Consolidation Accounting Standard and Article 57-4 (3) of the Business Divestitures Accounting Standard. The cumulative effects arising from the retroactive application of these new accounting policies to all the previous fiscal years were added to or deducted from capital surplus and retained earnings as of April 1, 2015.
As a result, Capital Surplus decreased by 1,124 million yen and Retained Earnings increased by 1,124 million yen as of April 1, 2015. In addition, the impact of applying these accounting standards to Net Income for the six months ended September, 2015 is nil.
(1) Quarterly Consolidated Balance Sheets | ||
(Millions of yen) | ||
As of March 31, 2015 | As of September 30, 2015 | |
Assets | ||
Current assets | ||
Cash and bank deposits | 447,202 | 525,346 |
Cash segregated as deposits for customers and others | 159,285 | 149,025 |
Trading assets | 5,858,340 | 7,049,411 |
Trading securities and others | 4,108,556 | 5,122,122 |
Derivatives | 1,749,783 | 1,927,288 |
Receivables - unsettled trades | 542,175 | ― |
Operating investment securities | 55,508 | 39,948 |
Operating loans receivable | 14,303 | 17,764 |
Receivables related to margin transactions | 77,486 | 99,191 |
Loans receivable under margin transactions | 53,331 | 68,953 |
Cash collateral for borrowed securities under margin transactions | 24,155 | 30,238 |
Collateralized short-term financing agreements-receivable | 13,123,583 | 12,846,801 |
Deposits paid for securities borrowed | 4,047,550 | 3,943,654 |
Securities purchased under agreements to resell | 9,076,033 | 8,903,146 |
Advances paid | 2,756 | 2,950 |
Securities: fail to deliver | 28,452 | 70,371 |
Short-term loans receivable | 6,800 | 9,161 |
Securities | 5,811 | 8,103 |
Deferred tax assets | 24,896 | 14,763 |
Other current assets | 448,064 | 465,045 |
Less: Allowance for doubtful accounts | (93) | (93) |
Total current assets | 20,794,574 | 21,297,791 |
Noncurrent assets | ||
Property and equipment | 39,633 | 40,719 |
Intangible assets | 89,326 | 92,135 |
Investments and other assets | 124,803 | 116,793 |
Investment securities | 78,149 | 69,940 |
Long-term guarantee deposits | 13,769 | 13,788 |
Net defined benefit asset | 23,342 | 24,134 |
Deferred tax assets | 758 | 731 |
Other | 13,844 | 12,068 |
Less: Allowance for doubtful accounts | (5,061) | (3,869) |
Total noncurrent assets | 253,763 | 249,648 |
Total assets | 21,048,338 | 21,547,439 |
As of March 31, 2015 | As of September 30, 2015 | |
Liabilities | ||
Current liabilities | ||
Trading liabilities | 4,858,549 | 5,202,462 |
Trading securities and others | 3,190,401 | 3,391,514 |
Derivatives | 1,668,148 | 1,810,948 |
Receivables - unsettled trades | ― | 230,606 |
Payables related to margin transactions | 34,980 | 39,512 |
Borrowings on margin transactions | 9,240 | 15,624 |
Cash collateral for loaned securities under margin transactions | 25,739 | 23,887 |
Collateralized short-term financing agreements-payable | 11,980,429 | 11,981,560 |
Deposits received for securities loaned | 1,416,402 | 1,445,487 |
Securities sold under agreements to repurchase | 10,564,026 | 10,536,072 |
Deposits received | 189,288 | 284,389 |
Guarantee deposits received | 529,112 | 502,393 |
Securities: fail to receive | 28,627 | 23,210 |
Short-term borrowings | 788,896 | 724,611 |
Commercial paper | 456,500 | 417,100 |
Bonds and notes due within one year | 179,556 | 150,393 |
Lease obligations | 415 | 417 |
Income taxes payable | 11,025 | 5,387 |
Accrued employees' bonuses | 31,206 | 20,242 |
Provision for bonus point redemption | 783 | 941 |
Other current liabilities | 72,307 | 57,391 |
Total current liabilities | 19,161,679 | 19,640,620 |
Noncurrent liabilities | ||
Bonds and notes | 603,908 | 634,744 |
Long-term borrowings | 524,000 | 494,500 |
Lease obligations | 1,353 | 1,161 |
Deferred tax liabilities | 25,497 | 26,506 |
Provision for directors' retirement benefits | 283 | 266 |
Provision for executive officers' retirement benefits | 143 | 151 |
Net defined benefit liability | 18,557 | 19,061 |
Other noncurrent liabilities | 5,144 | 4,916 |
Total noncurrent liabilities | 1,178,889 | 1,181,309 |
Statutory reserves | ||
Reserve for financial instruments transaction liabilities | 1,607 | 1,848 |
Total statutory reserves | 1,607 | 1,848 |
Total liabilities | 20,342,177 | 20,823,777 |
As of March 31, 2015 | As of September 30, 2015 | |
Net assets | ||
Shareholders' equity | ||
Common stock | 125,167 | 125,167 |
Capital surplus | 359,999 | 358,874 |
Retained earnings | 227,145 | 249,865 |
Total shareholders' equity | 712,312 | 733,907 |
Accumulated other comprehensive income (loss) | ||
Net unrealized gains on (operating) investment securities, net of tax | 24,854 | 20,552 |
Foreign currency translation adjustments | (63,399) | (63,784) |
Remeasurement of defined benefit plans | 7,862 | 7,513 |
Total accumulated other comprehensive income (loss) | (30,682) | (35,719) |
Non-controlling interests | 24,531 | 25,473 |
Total net assets | 706,160 | 723,661 |
Total liabilities and net assets | 21,048,338 | 21,547,439 |
(2) Quarterly Consolidated Statements of Income and Comprehensive Income | ||
Quarterly Consolidated Statements of Income | ||
For the six months ended September 30, 2014 and 2015 | ||
(Millions of yen) | ||
Six months ended September 30, 2014 | Six months ended September 30, 2015 | |
Operating revenues | ||
Commissions | 101,029 | 124,988 |
Brokerage commissions | 29,546 | 30,914 |
Underwriting and selling fees, and commissions from solicitation to qualifying investors | 19,389 | 29,767 |
Offering, selling, and other commissions and fees, and commissions from solicitation to qualifying investors | 19,325 | 23,019 |
Other commissions and fees | 32,767 | 41,286 |
Net gain on trading | 52,097 | 61,752 |
Net gain on operating investment securities | 10,383 | 14,017 |
Interest and dividend income | 33,615 | 36,269 |
Total operating revenues | 197,125 | 237,027 |
Interest expenses | 20,937 | 25,108 |
Net operating revenues | 176,187 | 211,919 |
Selling, general and administrative expenses | 144,974 | 165,616 |
Transaction-related expenses | 29,431 | 37,253 |
Personnel expenses | 66,486 | 72,424 |
Real estate expenses | 16,667 | 17,249 |
Administrative expenses | 11,984 | 16,906 |
Depreciation and amortization | 10,897 | 11,668 |
Taxes and dues | 2,219 | 2,307 |
Provision of allowance for doubtful accounts | 92 | (200) |
Other | 7,194 | 8,007 |
Operating income | 31,213 | 46,303 |
Non-operating income | 1,757 | 2,548 |
Non-operating expenses | 909 | 1,499 |
Ordinary income | 32,060 | 47,352 |
Extraordinary gain | 413 | 13,377 |
Gain on sales of noncurrent assets | 65 | ― |
Gain on sales of investment securities | 347 | 555 |
Indemnity receipt from the erroneous stock order | ― | 12,822 |
Extraordinary loss | 1,394 | 1,025 |
Loss on sales of noncurrent assets | ― | 8 |
Loss on disposal of noncurrent assets | 303 | 42 |
Loss on sales of investment securities | 6 | 6 |
Loss on impairment of investment securities | 58 | 21 |
Impairment losses | ― | 120 |
Head office transfer cost | 852 | 538 |
Cost incurred in opening of joint branches | ― | 47 |
Provision of reserve for financial instruments transaction liabilities | 173 | 240 |
Income before income taxes and non-controlling interests | 31,080 | 59,704 |
Income taxes - current | 6,384 | 6,501 |
Income taxes - deferred | 881 | 13,372 |
Total income taxes | 7,266 | 19,873 |
Net income | 23,814 | 39,830 |
Net income attributable to non-controlling interests | 495 | 1,106 |
Net income attributable to owners of parent | 23,318 | 38,723 |
For the six months ended September 30, 2014 and 2015 | ||
(Millions of yen) | ||
Six months ended September 30, 2014 | Six months ended September 30, 2015 | |
Net income | 23,814 | 39,830 |
Other comprehensive income (loss) | ||
Net unrealized gains (losses) on (operating) investment securities, net of tax | 3,478 | (4,364) |
Foreign currency translation adjustments | 972 | (459) |
Remeasurement of defined benefit plans | (122) | (355) |
Share in other comprehensive income of affiliates accounted for using equity method | (0) | (0) |
Total other comprehensive income (loss) | 4,327 | (5,179) |
Comprehensive income | 28,141 | 34,650 |
(Breakdown) | ||
Attributable to: | ||
Owners of parent | 27,018 | 33,686 |
Non-controlling interests | 1,123 | 964 |
Not applicable
(Millions of yen)
As of March 31, 2015 | As of September 30, 2015 | |||
Basic items | Total capital | (A) | 601,813 | 634,793 |
Supplemental items | Net unrealized losses on (operating) investment securities, net of tax, etc. | (2,981) | (7,591) | |
Reserve for financial instruments transaction liabilities, etc. | 1,589 | 1,829 | ||
Allowance for doubtful accounts | 11 | 12 | ||
Subordinated long-term borrowings | 74,000 | 62,000 | ||
Subordinated short-term borrowings | 271,000 | 273,000 | ||
Total | (B) | 343,619 | 329,251 | |
Deducted assets | (C) | 309,089 | 335,117 | |
Equity after deduction (A) + (B) - (C) | (D) | 636,343 | 628,926 | |
Amount equivalent to risk | Amount equivalent to market risk | 112,205 | 97,823 | |
Amount equivalent to counterparty risk | 32,234 | 29,378 | ||
Amount equivalent to fundamental risk | 54,480 | 58,998 | ||
Total | (E) | 198,920 | 186,200 | |
Capital adequacy requirement ratio | (D)/(E) * 100 | 319.8% | 337.7% |
(Millions of yen)
Second quarter ended September 2014 | Third quarter ended December 2014 | Fourth quarter ended March 2015 | First quarter ended June 2015 | Second quarter ended September 2015 | |
Jul. 1, 2014 - | Oct. 1, 2014 - | Jan. 1, 2015 - | Apr. 1, 2015 - | Jul. 1, 2015 - | |
Sep. 30, 2014 | Dec. 31, 2014 | Mar. 31, 2015 | Jun. 30, 2015 | Sep. 30, 2015 | |
Operating revenues | 107,039 | 119,179 | 125,026 | 120,985 | 116,042 |
Commissions | 55,218 | 60,584 | 66,969 | 65,118 | 59,870 |
Brokerage commissions | 16,717 | 17,940 | 18,284 | 16,319 | 14,595 |
Equities | 12,805 | 12,836 | 13,369 | 11,742 | 10,428 |
Bonds | 3,802 | 4,872 | 4,700 | 4,405 | 3,876 |
Underwriting and selling fees, and commissions from solicitation to qualifying investors | 10,834 | 16,485 | 17,117 | 14,451 | 15,315 |
Equities | 3,534 | 4,469 | 5,186 | 4,267 | 5,092 |
Bonds | 7,284 | 12,000 | 11,783 | 10,129 | 10,140 |
Offering, selling, and other commissions and fees, and commissions from solicitation to qualifying investors | 9,957 | 8,023 | 10,720 | 12,840 | 10,179 |
Other commissions and fees | 17,709 | 18,136 | 20,847 | 21,506 | 19,779 |
Net gain on trading | 26,337 | 39,451 | 30,551 | 32,036 | 29,716 |
Equities, etc. | 3,527 | 14,638 | 3,065 | 11,779 | 3,821 |
Bonds, etc. · Others | 22,810 | 24,812 | 27,486 | 20,256 | 25,894 |
Bonds, etc. | 27,127 | 36,651 | 21,539 | 14,040 | 23,622 |
Others | (4,317) | (11,839) | 5,947 | 6,215 | 2,271 |
Net gain on operating investment securities | 6,957 | 1,613 | 6,269 | 5,630 | 8,387 |
Interest and dividend income | 18,526 | 17,530 | 21,236 | 18,200 | 18,068 |
Interest expenses | 11,693 | 11,908 | 12,933 | 11,677 | 13,430 |
Net operating revenues | 95,346 | 107,271 | 112,093 | 109,307 | 102,612 |
Selling, general and administrative expenses | 74,898 | 82,573 | 83,620 | 84,574 | 81,041 |
Transaction-related expenses | 15,813 | 17,445 | 17,508 | 18,491 | 18,761 |
Personnel expenses | 34,507 | 38,911 | 35,467 | 37,550 | 34,874 |
Real estate expenses | 8,211 | 8,703 | 9,073 | 8,664 | 8,584 |
Administrative expenses | 6,193 | 6,479 | 7,250 | 8,075 | 8,830 |
Depreciation and amortization | 5,182 | 5,762 | 6,972 | 5,669 | 5,999 |
Taxes and dues | 1,077 | 1,307 | 945 | 1,524 | 782 |
Other | 3,912 | 3,963 | 6,402 | 4,597 | 3,208 |
Operating income | 20,448 | 24,698 | 28,472 | 24,732 | 21,570 |
Non-operating income | 905 | 770 | 874 | 909 | 1,638 |
Non-operating expenses | 127 | (104) | 504 | 1,001 | 497 |
Ordinary income | 21,226 | 25,573 | 28,842 | 24,640 | 22,711 |
Extraordinary gain | 100 | 51 | 233 | 552 | 12,824 |
Extraordinary loss | 629 | 237 | 941 | 421 | 603 |
Income before income taxes and non-controlling interests | 20,697 | 25,387 | 28,134 | 24,771 | 34,933 |
Income taxes - current | 4,531 | 2,868 | 7,502 | 3,990 | 2,510 |
Income taxes - deferred | (1,145) | 2,904 | 2,919 | 3,702 | 9,670 |
Net income | 17,311 | 19,613 | 17,713 | 17,078 | 22,752 |
Net income attributable to non-controlling interests | 275 | 286 | 1,706 | 633 | 473 |
Net income attributable to owners of parent | 17,036 | 19,326 | 16,006 | 16,445 | 22,278 |
4. (Reference) Quarterly Non-consolidated Financial Statements | ||
(1) (Reference) Quarterly Non-consolidated Balance Sheets | ||
(Millions of yen) | ||
As of March 31, 2015 | As of September 30, 2015 | |
Assets | ||
Current assets | ||
Cash and bank deposits | 320,613 | 349,649 |
Cash segregated as deposits for customers and others | 151,401 | 140,512 |
Trading assets | 4,184,018 | 5,296,005 |
Trading securities and others | 2,494,775 | 3,451,534 |
Derivatives | 1,689,243 | 1,844,471 |
Receivables - unsettled trades | 580,287 | ― |
Operating investment securities | 17,516 | 18,377 |
Operating loans receivable | 3,240 | 3,130 |
Receivables related to margin transactions | 74,794 | 96,170 |
Loans receivable under margin transactions | 50,849 | 66,026 |
Cash collateral for borrowed securities under margin transactions | 23,945 | 30,144 |
Collateralized short-term financing agreements-receivable | 4,109,246 | 4,012,236 |
Deposits paid for securities borrowed | 4,060,231 | 3,947,969 |
Securities purchased under agreements to resell | 49,014 | 64,266 |
Advances paid | 189 | 80 |
Securities: fail to deliver | 25,582 | 9,659 |
Short-term loans receivable | 46,084 | 46,439 |
Deferred tax assets | 21,160 | 10,788 |
Other current assets | 251,154 | 244,110 |
Less: Allowance for doubtful accounts | (12) | (13) |
Total current assets | 9,785,276 | 10,227,146 |
Noncurrent assets | ||
Property and equipment | 15,678 | 15,753 |
Intangible assets | 34,344 | 37,646 |
Investments and other assets | 297,869 | 313,800 |
Investment securities | 241,190 | 242,509 |
Long-term guarantee deposits | 12,670 | 12,544 |
Prepaid pension cost | 12,746 | 13,888 |
Deferred tax assets | 8,297 | 6,870 |
Other | 28,018 | 41,852 |
Less: Allowance for doubtful accounts | (5,055) | (3,865) |
Total noncurrent assets | 347,891 | 367,200 |
Total assets | 10,133,168 | 10,594,346 |
As of March 31, 2015 | As of September 30, 2015 | |
Liabilities | ||
Current liabilities | ||
Trading liabilities | 3,909,239 | 4,238,848 |
Trading securities and others | 2,294,228 | 2,507,174 |
Derivatives | 1,615,010 | 1,731,674 |
Receivables - unsettled trades | ― | 259,459 |
Payables related to margin transactions | 33,922 | 38,493 |
Borrowings on margin transactions | 8,383 | 14,698 |
Cash collateral for loaned securities under margin transactions | 25,539 | 23,794 |
Collateralized short-term financing agreements-payable | 3,052,857 | 2,918,806 |
Deposits received for securities loaned | 1,417,601 | 1,446,730 |
Securities sold under agreements to repurchase | 1,635,255 | 1,472,076 |
Deposits received | 160,613 | 253,342 |
Guarantee deposits received | 110,135 | 113,171 |
Securities: fail to receive | 8,685 | 3,916 |
Short-term borrowings | 626,792 | 571,542 |
Commercial paper | 456,500 | 417,100 |
Bonds and notes due within one year | 67,220 | 55,000 |
Lease obligations | 414 | 416 |
Income taxes payable | 2,549 | 1,310 |
Accrued employees' bonuses | 14,757 | 9,330 |
Provision for bonus point redemption | 783 | 941 |
Other current liabilities | 30,410 | 25,462 |
Total current liabilities | 8,474,880 | 8,907,143 |
Noncurrent liabilities | ||
Bonds and notes | 496,002 | 542,965 |
Long-term borrowings | 524,000 | 494,500 |
Lease obligations | 1,351 | 1,159 |
Provision for retirement benefits | 16,952 | 17,447 |
Other noncurrent liabilities | 2,431 | 2,099 |
Total noncurrent liabilities | 1,040,738 | 1,058,172 |
Statutory reserves | ||
Reserve for financial instruments transaction liabilities | 1,589 | 1,829 |
Total statutory reserves | 1,589 | 1,829 |
Total liabilities | 9,517,208 | 9,967,144 |
Net assets | ||
Shareholders' equity | ||
Common stock | 125,167 | 125,167 |
Capital surplus | 381,649 | 381,649 |
Retained earnings | 112,125 | 127,976 |
Total shareholders' equity | 618,941 | 634,793 |
Valuation and translation adjustments | ||
Net unrealized gains on (operating) investment securities, net of tax | 24,524 | 21,092 |
Net deferred gains or losses on hedges, net of tax | (27,505) | (28,683) |
Total valuation and translation adjustments | (2,981) | (7,591) |
Total net assets | 615,960 | 627,201 |
Total liabilities and net assets | 10,133,168 | 10,594,346 |
(2) (Reference) Quarterly Non-consolidated Statements of Income | ||
For the six months ended September 30, 2014 and 2015 | ||
(Millions of yen) | ||
Six months ended September 30, 2014 | Six months ended September 30, 2015 | |
Operating revenues | ||
Commissions | 67,995 | 79,643 |
Net gain on trading | 49,544 | 64,068 |
Net gain on operating investment securities | 162 | 3,272 |
Interest and dividend income | 17,510 | 12,921 |
Total operating revenues | 135,212 | 159,906 |
Interest expenses | 12,918 | 12,547 |
Net operating revenues | 122,293 | 147,358 |
Selling, general and administrative expenses | 102,438 | 116,372 |
Transaction-related expenses | 20,590 | 26,701 |
Personnel expenses | 41,179 | 42,297 |
Real estate expenses | 12,662 | 12,659 |
Administrative expenses | 18,168 | 24,112 |
Depreciation and amortization | 6,769 | 7,080 |
Taxes and dues | 1,353 | 1,894 |
Provision of allowance for doubtful accounts | 83 | (198) |
Other | 1,628 | 1,826 |
Operating income | 19,855 | 30,986 |
Non-operating income | 1,591 | 4,139 |
Non-operating expenses | 235 | 467 |
Ordinary income | 21,211 | 34,659 |
Extraordinary gain | 377 | 13,143 |
Gain on sales of noncurrent assets | 65 | ― |
Gain on sales of investment securities | 311 | 321 |
Indemnity receipt from the erroneous stock order | ― | 12,822 |
Extraordinary loss | 1,326 | 800 |
Loss on sales of noncurrent assets | ― | 8 |
Loss on disposal of noncurrent assets | 294 | 40 |
Loss on sales of investment securities | 6 | 2 |
Loss on impairment of investment securities | ― | 0 |
Loss on impairment of investments in subsidiaries and affiliates | ― | 119 |
Impairment losses | ― | 120 |
Head office transfer cost | 852 | 220 |
Cost incurred in opening of joint branches | ― | 47 |
Provision of reserve for financial instruments transaction liabilities | 173 | 240 |
Income before income taxes | 20,261 | 47,002 |
Income taxes - current | 1,072 | 78 |
Income taxes - deferred | 1,682 | 13,943 |
Total income taxes | 2,754 | 14,022 |
Net income | 17,506 | 32,979 |
distributed by |