This English version is a translation of the original Japanese document and is only for reference purposes. In the case where
any differences occur between the English version and the original Japanese version, the Japanese version will prevail. The
financial results written in the original Japanese document is not audited by independent auditors.

February 1, 2023

Consolidated Financial Results
for the Third Quarter of the Fiscal Year Ending March 31, 2023
[under Japanese GAAP]
Company name: Mitsubishi UFJ Securities Holdings Co., Ltd.
URL:
https://www.hd.sc.mufg.jp/
Representative: Makoto Kobayashi, President & CEO
Contact:
Junzou Hashiba, General Manager, Financial Planning Division
TEL: (03) 6213-2550
Supplementary material on quarterly financial results:
Yes
Quarterly financial results presentation meeting: None
(Millions of yen with fractional amounts disregarded)

1.

Consolidated performance for the third quarter of fiscal year 2022
(from April 1, 2022 to December 31, 2022)(1) Consolidated operating results (cumulative)
Operating revenue
Millions of yen
First nine months of
FY2022First nine months of
FY2021(Percentages indicate year-on-year changes.)

Net operating revenue% Millions of yen

Operating profit

Ordinary profit% Millions of yen% Millions of yen%

415,900

62.8

258,134

17.5

36,596208.5

53,104

74.3

255,525(8.9)

219,774(7.2)

11,861(67.6)

30,460(38.0)

Profit attributable toowners of parent
Millions of yen%

Basic earnings
per share

Diluted earnings
per share
Yen

YenFirst nine months of
28,962 265.9
39.30
FY2022First nine months of
7,916 (68.6)
10.74
FY2021(Note)
Comprehensive income First nine months of FY2022: 58,254 million yen
First nine months of FY2021: 42,593 million yen

－
－
36.8%
105.2%(2) Consolidated financial position

As of December 31, 2022
As of March 31, 2022

Total assets

Net assets

Equity ratio

Millions of yen
33,240,953

Millions of yen
1,021,109%
2.2

31,724,685

1,004,589

2.3(Reference) Equity
As of December 31, 2022: 741,045 million yen
As of March 31, 2022: 721,351 million yen(Note)“Equity ratio” is computed under the formula shown below:(Total net assets – Share acquisition rights – Non-controlling interests) / Total assets

*Notes(1) Changes in significant subsidiaries during the current period (changes in specified
subsidiaries resulting in the change in scope of consolidation): None
(2) Application of particular accounting for preparing quarterly consolidated financial
statements: None
(3) Changes in accounting policies, changes in accounting estimates, and restatement of priorperiod financial statements after error corrections
a. Changes in accounting policies due to revisions to accounting standards and other regulations:Noneb. Changes in accounting policies due to other reasons: Nonec. Changes in accounting estimates: None
d. Restatement of prior period financial statements after error corrections: None
(4) Number of issued shares (common stock)
a.

b.

c.

Total number of issued shares at the end of the period (including treasury stock)
As of December 31, 2022

736,985,496 shares

As of March 31, 2022

736,985,496 shares

Number of shares of treasury stock at the end of the period
As of December 31, 2022

– shares

As of March 31, 2022

– sharesAverage number of shares during the period (cumulative from the beginning of the fiscal year)
First nine months of the fiscal year ending March 31, 2023

736,985,496 sharesFirst nine months of the fiscal year ended March 31, 2022

736,985,496 shares<* >This quarterly financial results report is not subject to quarterly review.
<* Other special matters>
NoneAttached Material

Index
Consolidated financial statements and primary notes(1) Consolidated balance sheets--------------------

1(2) Consolidated statements of income and Consolidated statements of comprehensive income
Consolidated statements of income (cumulative)--------------------

3

Consolidated statements of comprehensive income (cumulative)--------------------

4(Notes on premise of going concern)--------------------

4(Notes on significant changes in the amount of shareholders’ equity)--------------------

4(3) Notes to consolidated financial statements<Reference>
Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending March 31, 2023
1. Commission received(1) Breakdown by item--------------------

5(2) Breakdown by product--------------------

5

2. Net trading income--------------------

5

Quarterly Trends in Consolidated Statements of Income--------------------

6<Reference>
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. for the Third Quarter of the Fiscal Year Ending
March 31, 2023
(1) Non-consolidated operating results--------------------

7(2) Non-consolidated financial position--------------------

7

Consolidated financial statements and primary notes(1) Consolidated balance sheets(Millions of yen)
As of March 31, 2022

As of December 31, 2022

ASSETS
Current assets
Cash and deposits

2,186,635

2,414,162

Segregated deposits

1,095,282

1,157,939

Trading products

12,870,522

14,158,141

Trading securities and other7,541,142

5,176,820

Derivatives

5,329,379

8,981,320

Margin transaction assets

280,345

270,912Loans secured by securities

13,227,301

12,727,232

Short-term guarantee deposits

1,279,259

1,537,694

Short-term investment securities

35,12954,115

Income taxes refund receivable

8,358

15,536

Other current assets

181,733

246,510

Total current assets

31,164,569

32,582,246

Property, plant and equipment

26,61625,088Intangible assets

101,335

107,739

Investments and other assets

432,162

525,879

Non-current assets

Total non-current assets
Total assets- 1 -560,115

658,70731,724,685

33,240,953

(Millions of yen)
As of March 31, 2022

As of December 31, 2022

LIABILITIESCurrent liabilities
Trading products

10,432,788

13,792,670

5,142,024

4,715,437

Derivatives
Trade date accrual
Margin transaction liabilities

5,290,764
887,566
155,144

9,077,233
75,103
121,748

Borrowings secured by securities

10,702,300

9,058,532

Short-term borrowings

2,874,370

2,795,563

Current portion of bonds payable

163,249

233,822

Current portion of long-term borrowings

98,626

177,703

Commercial papers

996,708

927,800

Income taxes payable

6,748

3,913

Trading securities and other

Asset retirement obligations

95

102

Other current liabilities

2,518,246

3,217,089

Total current liabilities

28,835,844

30,404,051

Bonds payable

896,801

888,240

Long-term borrowings

964,618

905,172

2,755

2,609

Non-current liabilities

Retirement benefit liability
Provision for retirement benefits for directors
Asset retirement obligations

7

15

7,390

7,390

Other non-current liabilities

8,022

7,703

Total non-current liabilities

1,879,594

1,811,132

4,656

4,660

4,656

4,660

30,720,096

32,219,844

Reserves under special laws
Reserve for financial instruments transaction
liabilities
Total reserves under special laws
Total liabilities
NET ASSETS
Shareholders’ equity
Share capital

75,51875,518

Capital surplus

434,441

434,441

Retained earnings

212,759

216,494

Total shareholders’ equity

722,720

726,455

1,045

948

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment

27

(4)

(5,433)

10,931Remeasurements of defined benefit plans

2,992

2,715

Total accumulated other comprehensive income(1,368)

14,590Non-controlling interests
Total net assets
Total liabilities and net assets- 2 -283,237

280,063

1,004,589

1,021,109

31,724,685

33,240,953

(2) Consolidated statements of income and Consolidated statements of comprehensive income
Consolidated statements of income (cumulative)

First nine months of FY2021(From April 1, 2021
to December 31, 2021)
Operating revenue
Commission received
Net trading income
Financial revenue
Other operating revenue
Total operating revenue
Financial expenses
Net operating revenue
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Share of profit of entities accounted for using equity method
Other
Total non-operating income
Non-operating expenses
Loss on sale of investment securities
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on valuation of investment securities
Impairment losses
Provision of reserve for financial instruments transaction liabilities
Business restructuring expenses
Other
Total extraordinary losses
Profit before income taxes
Income taxes-current
Income taxes-deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent- 3 -(Millions of yen)First nine months of FY2022(From April 1, 2022
to December 31, 2022)

128,455
62,16564,9004
255,525
35,750219,774
207,913
11,861

111,590
196,204
108,100
4
415,900
157,766
258,134
221,537
36,596

2,111
9,870
7,301
19,284

4,301
14,975
1,607
20,884

205
－
479
685
30,460

2,376
1,380
619
4,376
53,104

126
126

1,077
1,077

3
515
4
836
－
1,359
29,227
9,727(1,759)7,968
21,25813,342
7,916

－
1,554
3
172
286
2,017
52,164
11,730(1,951)
9,778
42,385
13,42328,962

Consolidated statements of comprehensive income (cumulative)(Millions of yen)First nine months of FY2021(From April 1, 2021
to December 31, 2021)

First nine months of FY2022(From April 1, 2022
to December 31, 2022)

21,25842,385805(3)20,314219
21,33542,593(3)(31)
16,364(460)
15,86858,25428,71813,87544,921
13,332

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income(Comprehensive income attributable to)Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests(3) Notes to consolidated financial statements(Notes on premise of going concern)
None(Notes on significant changes in the amount of shareholders’ equity)
None

- 4 -

<Reference>

Consolidated Financial Results
for the Third Quarter of the Fiscal Year Ending March 31, 2023
1. Commission received(1) Breakdown by item
(Millions of yen)First nine months of FY2021(From April 1, 2021
to December 31, 2021)

Brokerage commission

First nine months of FY2022(From April 1, 2022
to December 31, 2022)

FY2021(From April 1, 2021
to March 31, 2022)

Increase(Decrease)

20,058

16,799(3,258)26,642

Stocks19,424

16,163(3,261)25,755

Bonds

1

1

0

2

30,101

18,999(11,101)

36,698Commission for underwriting,secondary distribution and solicitation
for selling and others for professional
investors

Stocks

8,590

3,243

(5,347)

10,034

Bonds

21,51015,756(5,754)

26,663

21,147

13,965(7,182)

26,750Fees for offering, secondary
distribution and solicitation for sellingand others for professional investors

Beneficiary certificates

19,452

12,075(7,377)

24,344

Other commission received

57,14861,825

4,677

76,324

Beneficiary certificates
Total

16,926

17,816889

22,536

128,455

111,590(16,865)

166,415(2) Breakdown by product(Millions of yen)First nine months of FY2021(From April 1, 2021
to December 31, 2021)

First nine months of FY2022(From April 1, 2022
to December 31, 2022)

Increase(Decrease)

FY2021(From April 1, 2021
to March 31, 2022)

Stocks33,266

20,958(12,307)42,156

Bonds

25,27920,034(5,244)

31,114

Beneficiary certificates

36,90630,405(6,501)47,606

Other

33,00340,191

7,187

45,538

Total

128,455

111,590(16,865)

166,415

２．Net trading income(Millions of yen)First nine months of FY2021(From April 1, 2021
to December 31, 2021)

First nine months of FY2022(From April 1, 2022
to December 31, 2022)

Increase(Decrease)

FY2021(From April 1, 2021
to March 31, 2022)

Stocks(44,163)(68,029)(23,865)

417

Bonds and other106,328

264,233

157,904

92,212

Total

62,165

196,204

134,039

92,630- 5 -<Reference>

Quarterly Trends in Consolidated Statements of Income(Millions of yen)
3Q of FY2021(October 1 to
December 31, 2021)

4Q of FY2021(January 1 toMarch 31, 2022)

2Q of FY2022(July 1 to
September 30, 2022)

3Q of FY2022(October 1 to
December 31, 2022)

94,27695,75646,05037,95986,759130,330

198,81030,07035,865

Brokerage commission

7,317

45,654

6,583

5,570

5,836

Stocks

5,392

7,102

6,331

5,344

5,626

Bonds

5,192

0

0

0

1

－

9,600

6,596

5,974

7,308

5,717

Stocks

3,006

1,443

280

1,207

1,755

Bonds

6,594

5,152

5,693

6,101

3,961

7,609

5,602

4,677

5,530

3,757

Operating revenue
Commission received

Commission for underwriting, secondary
distribution and solicitation for selling and othersfor professional investors

Fees for offering, secondary distribution andsolicitation for selling and others for professional
investors

1Q of FY2022(April 1 toJune 30, 2022)

Beneficiary certificates

6,580

4,892

4,329

4,359

3,385

Other commission received

21,522

19,176

13,847

17,19130,787

Beneficiary certificates
Net trading income

5,929

5,609

5,898

6,097

5,820

29,88930,464

27,413

68,589100,201

Net trading income from securities (stocks)(41,477)

44,581(10,825)(56,435)(768)

Net trading income from bonds and other

71,367(14,116)

38,238125,024

100,970

18,33627,331

29,27125,87552,954

－

－

4

0

－

Financial expenses

10,484

7,405

6,899

46,213

104,653

Net operating revenue

83,79288,351

79,86084,116

94,157

Selling, general and administrative expenses

71,22077,19273,31170,72577,499Trading related expenses

14,18813,451

13,723

15,484

19,526

Personnel expenses

28,722

36,79731,36328,35429,833

Real estate expenses

5,746

5,836

5,878

5,722

5,997

Office cost

8,968

9,453

8,443

9,328

10,271

Depreciation

7,686

7,839

7,611

7,621

7,539

Taxes and dues

4,227

1,295

4,329

1,275

3,004

Other

1,680

2,517

1,961

2,937

1,325

Operating profit

12,572

11,1586,548

13,39016,657

Non-operating income

6,090

7,221

7,046

9,881

3,956

Non-operating expenses

331

757

1,122

1,159

2,094
18,519Financial revenue
Other operating revenue

Ordinary profit

18,331

17,622

12,472

22,112Extraordinary income

－

5

0

123

954

Extraordinary losses

940

50

520

5

1,491

Profit before income taxes

17,391

17,578

11,952

22,22917,982

Income taxes-current

6,619

3,300

878

4,913

5,937

Income taxes-deferred(2,303)

(683)

(845)

95

(1,201)

Total income taxes

4,316

2,616

33

5,008

4,736

Profit13,075

14,961

11,91817,221

13,245

Profit attributable to non-controlling interests

3,724

5,666

3,397

6,966

3,059

Profit attributable to owners of parent

9,350

9,294

8,520

10,254

10,186- 6 -<Reference>

Mitsubishi UFJ Morgan Stanley Securities, Co., Ltd.
for the Third Quarter of the Fiscal Year Ending March 31, 2023
(1) Non-consolidated operating results(Millions of yen)First nine months of FY2021 First nine months of FY2022(From April 1, 2021
(From April 1, 2022
to December 31, 2021)
to December 31, 2022)

Operating revenue
Commission received
Net trading income
Net operating revenue
Operating profit
Ordinary profit
Profit205,138
109,628
77,513
196,589
40,88443,32530,976

204,440
93,66378,199185,750
26,54928,771
23,279

Increase(Decrease)(698)(15,964)686(10,838)(14,334)(14,554)(7,696)FY2021(From April 1, 2021
to March 31, 2022)

272,042
141,523
100,958
258,098
49,78352,332
36,739(Breakdown of operating revenue)<Breakdown by item of commission received>(Millions of yen)First nine months of FY2021 First nine months of FY2022(From April 1, 2021
(From April 1, 2022
to December 31, 2021)
to December 31, 2022)

Brokerage commission
Commission for underwriting, secondary
distribution and solicitation for selling andothers for professional investors
Fees for offering, secondary distribution andsolicitation for selling and others for
professional investors

Other commission received
Total

Increase(Decrease)

FY2021(From April 1, 2021
to March 31, 2022)

15,88812,479(3,409)21,122

19,2709,951(9,319)22,317

21,147

13,965(7,182)

26,75053,321
109,628

57,267
93,663

3,946(15,964)

71,333
141,523<Breakdown by product of commission received>(Millions of yen)First nine months of FY2021 First nine months of FY2022(From April 1, 2021
(From April 1, 2022
to December 31, 2021)
to December 31, 2022)

Stocks
Bonds
Beneficiary certificates
Other
Total

28,865
15,45036,38728,924
109,628

16,487
12,177
29,86135,137
93,663

Increase(Decrease)(12,378)(3,272)(6,526)
6,212(15,964)

FY2021(From April 1, 2021
to March 31, 2022)

36,366
17,884
46,91840,352
141,523<Net trading income>(Millions of yen)First nine months of FY2021 First nine months of FY2022(From April 1, 2021
(From April 1, 2022
to December 31, 2021)
to December 31, 2022)

StocksBonds and otherTotal

18,10859,40477,513

5,076
73,12378,199

Increase(Decrease)(13,031)
13,718686

FY2021(From April 1, 2021
to March 31, 2022)

17,26083,697
100,958(2) Non-consolidated financial position(Millions of yen)

Total assets
Net assets

As of December 31, 2021

As of December 31, 2022

17,713,674
414,660

19,445,609
420,247- 7 -Increase(Decrease)461,511(205)

As of March 31, 2022

18,984,098
420,453