Disclaimer

This document is an English-language translation of the non-consolidated financial summary of thefinancial results for the fiscal year ended March 31, 2018(from April 2017 to March 2018). Thissummary was prepared originally in Japanese in accordance with generally accepted accounting
principles in Japan (Japanese GAAP). If there are discrepancies between the English translation and theoriginal document in Japanese, the Japanese version will take precedence.

kabu.com Securities Co., Ltd.

April 25, 2018
Non-Consolidated Financial Summary under Japanese GAAP
Fiscal Year Ended March 31, 2018
Company name:Listing:Code number:
Representative:
Contact:

kabu.com Securities Co., Ltd.
URL: https://kabu.com/
1st section of the Tokyo Stock Exchange
8703
Masakatsu Saito, CEONaoyuki Mese, Manager of Business AdministrationE-mail: ir@kabu.com

1.Financial summary (April 1, 2017 to March 31, 2018)(1)Operating results
Operating
Net operating
revenues
revenues
millions of yen% millions of yen(%：change year-on-year)
Operatingincome

Ordinary
income% millions of yen% millions of yen

Net income% millions of yen%

Fiscal year ended March31,2018

24,4762.721,00010.3

7,934

5.7

7,971

8.9

6,335

5.5

Fiscal year ended March
31,2017

23,828(4.4)

19,041(15.0)

7,505(29.3)

7,317(31.9)

6,006(25.1)

Earnings
per share

Fully diluted
earnings per share

ROE

yen

yen%

Fiscal year ended March
31,2018

19.01

19.01

14.5

Fiscal year ended March
31,2017

17.77

17.77

13.9

(2)Financial position
Total assets

Net Assets

Capital adequacy
ratio

Equity ratio

millions of yen

millions of yen%%March 31, 2018

1,005,656

44,753

4.4

371.7

March 31, 2017

946,120

42,902

4.5

402.1

2.Dividends
1Q

Dividends per share
3Q

2Q

4Q

yen

Total
yenyenFiscal year
ended March 2017

-

6.00

-

6.00

12.00

Fiscal year
ended March 2018

-

6.00

-

13.00

19.00

3.Forecast for the Business Results of Full Fiscal Year (April 1, 2018 to March 31, 2019)
The Company’s principal business is acting as a broker in transactions in financial instruments, mainly securities. Since
this business is strongly influenced by conditions in equity and other financial markets, forecasting future performance isextremely difficult. Accordingly the Company does not disclose forecasts of its performance. In place of such forecasts,
the Company discloses its quarterly financial results as quickly as possible. The Company also provides monthly
information of operating revenues, the number of customer accounts, equity trading value, and other operating statistics
that have a major impact on the Company’s performance.

(1)Non-Consolidated Balance Sheets(Unit : Millions of Yen)
As of
As of
March 31, 2017
March 31, 2018
AssetsCurrent Assets
Cash and bank deposits
Cash held in trust
Margin account assets
Loans receivable from customers
Cash deposited as collateral for securities borrowed
from securities finance companies
Advances paid
Cash paid for offering
Short term guarantee deposits
Variation margin paid
Prepaid expenses
Accrued income
Other
Total current assets
Fixed Assets
Tangible fixed assets
Intangible fixed assets
Investment and others
Investment securities
Long-term guarantee deposits
Long-term prepaid expenses
Long-term advances paid
Deferred tax assets
Other
Allowance for doubtful accounts
Total fixed assets
Total Assets

56,581
513,339
281,112
161,689

88,361495,707327,830
204,480119,423

123,350

197
425
78,072
564
287
2,300
5,027
937,908

202
424
71,535
1,169
235
2,330
9,199
996,996

1,011
3,554
3,646
2,598
502
159
698
348
11(671)
8,211
946,120

1,013
4,297
3,348
2,330
419
141
530
397
12(482)
8,660
1,005,656

(Unit : Millions of Yen)
As of
As of
March 31, 2017
March 31, 2018
Liabilities
Current liabilities
Margin account liabilities
Loans from securities finance companies
Proceeds of securities lent on customers' accountPayables on collateralized securities transactions
Deposits received
Guarantee money received
Short-term borrowings
Current portion of long-term loans payable
Accounts payable
Accrued expenses
Accrued income taxes
Deferred tax liabilities
Other
Total current liabilities
Long-term liabilities
Long-term borrowings
Total long-term liabilities
Statutory reserves
Reserve for financial product transaction liabilities
Total statutory reserves
Total liabilities
Net assets
Shareholders' equity
Common stock
Additional paid in capital
Retained earnings
Treasury stock
Total shareholders' equity
Valuation and translation adjustments
Net unrealized gain on investment securities
Total valuation and translation adjustments
Subscription rights to shares
Total net assets
Total liabilities and net assets

178,949
44,885134,063
82,952288,952
248,395
79,000
2,000
718
793
694
110
992
883,558

173,736
42,393
131,342
119,586
277,431249,135
104,000
－
977
1,186
1,546
99
1,037
928,736

17,50017,50030,00030,0002,159
2,159
903,218

2,166
2,166
960,903

7,196
11,913
23,401(1,781)40,7307,196
11,91325,730(2,093)42,747

2,156
2,156
16
42,902
946,1201,986
1,986
19
44,753
1,005,656

(2)Non-Consolidated Statements of Income

Operating revenues
Commissions
Brokerage commissions
Fees for offering, secondary distribution and solicitation
for selling and other services for professional investors

Other
Net gain on trading
Financial revenues
Other sales
Total operating revenues
Financial expenses
Cost of sales
Net operating revenues
Selling, general and administrative expenses
Transaction related expenses
Employment cost
Facilities and rentals
Outsourcing and office supplies
Depreciation and amortization
Duties and taxes other than income taxesProvision of allowance for doubtful accounts
Other
Total selling, general and administrative expenses
Operating income
Non-operating income
Non-operating expenses
Ordinary income
Special profits
Reversal of reserve for financial products transaction liabilities
Gain on sales of investment securities
Total special profits
Special losses
Provision of reserve for financial product transaction liabilities
Impairment loss
Total special losses
Income before income taxes
Income taxes - current
Income taxes - deferred
Income taxes
Net income(Unit : Millions of Yen)
Fiscal year
ended March 2018

Fiscal year
ended March 2017
(April 2016 to March 2017)(April 2017 to March 2018)

9,842
8,032

10,806
9,026

224

192

1,585
1,108
10,1762,700
23,8282,642
2,145
19,041

1,588
1,062
12,022585
24,4762,984
491
21,000

5,010
1,427
1,951
999
1,406
371
－
368
11,535
7,505
225
414
7,317

5,732
1,511
2,188
983
1,879
364
139
268
13,066
7,934
138
101
7,971

194
1,326
1,521

－
1,175
1,175

－
138
138
8,700
2,623
70
2,694
6,006

6
31
37
9,109
2,752
22
2,774
6,335