Non-consolidated Financial Results
for the Three Months Ended June 30, 2024
(Under Japanese GAAP)
July 30, 2024
Company name:
Mito Securities Co., Ltd.
Listing:
Tokyo Stock Exchange
Securities code:
8622
URL:
https://www.mito.co.jp/
Representative:
Katsunori Kobayashi, President and Representative Director
Contact:
Masanobu Tamari, Manager, Finance Department
Phone:+81-3-6636-3071
Scheduled date of dividend payment:–
Preparation of supplementary briefing material on financial results:
None
Holding of financial results briefing:
None
Note: Amounts less than one million yen have been omitted.
1. Non-consolidated financial results for the three months ended June 30, 2024
(from April 1, 2024 to June 30, 2024)(1) Operating results(Percentages indicate year-on-year changes.)
Operating
Net operating
Operating profit
Ordinary profit
Profitrevenuerevenueof% Millions of% Millions of% Millions of% Millions ofThree months ended Millions
yen
yen
yen
yen
yen
June 30, 2024
4,043
13.3
4,031
13.4
805
35.9
1,022
33.4
850
June 30, 2023
3,570
33.9
3,555
34.0
592
–
766
–
723
Basic earnings
per share

Three months ended
June 30, 2024
June 30, 2023

%
17.6
–

Diluted earnings
per share
Yen

Yen

13.24
11.20

–
–

(2) Non-consolidated financial position
As ofJune 30, 2024
March 31, 2024

Total assets
Millions of yen

Net assets
Millions of yen

79,13474,03342,042
42,827

Reference: Capital (Shareholders’ equity + Valuation and translation adjustments):
As of June 30, 2024:¥42,042 million
As of March 31, 2024:

Capital ratio%

Net assets per share
Yen

53.1
57.8

659.60662.64¥42,827 million

2. DividendsFirstquarter-end
Fiscal year
Ended March 31, 2024
Ending March 31, 2025
Ending March 31, 2025 (forecast)
Note

Annual dividends per share
SecondThird
Fiscalquarter-end
quarter-end
year-end

Total

Yen

Yen

Yen

Yen

Yen

–
–

10.00

–

14.00

24.00

–

–

–

–

Although we have yet to determine the year-end dividend forecast for the fiscal year ending March 31, 2025, the Company
has set a minimum annual dividend of ¥20.00 from the fiscal year ended March 2023 to the fiscal year ending March 2025.

3. Forecast of non-consolidated financial results for the fiscal year ending March 31, 2025
(from April 1, 2024 to March 31, 2025)
Our earnings could fluctuate greatly depending on the stock market trend and other factors. We therefore do notdisclose earnings forecast on concern that it could adversely affect the investment decision of our shareholders
and investors.
We will promptly disclose the preliminary results figures when the operating results for each quarter are roughly
estimated.

* Notes(1) Application of accounting methods used specifically for preparing the quarterly non-consolidated financial
statements: None
(2) Changes in accounting policies, changes in accounting estimates and restatements of prior period financial
statements(i) Changes in accounting policies due to application of new or revised accounting standards: None(ii) Changes in accounting policies due to reasons other than above (i):None(iii) Changes in accounting estimates:None(iv) Restatements of prior period financial statements:
None(3) Number of shares issued (common stock)(i) Number of shares issued at the end of the period (including treasury shares)
As of June 30, 2024:
65,689,033 shares
As of June 30, 2023:
70,689,033 shares(ii) Number of treasury shares at the end of the period
As of June 30, 2024:
1,949,482 shares
As of June 30, 2023:
6,058,282 shares(iii) Average number of shares of common stock during the period
Three months ended June 30, 2024:
64,267,621 shares
Three months ended June 30, 2023:
64,627,650 shares
Notes: The number of treasury shares at the end of the period includes the shares of the Company’s stock heldby Custody Bank of Japan, Ltd. (Trust Account E) as trust assets for Board Benefit Trust (BBT) and
Employee Stock Ownership Plan (J-ESOP). In addition, the number of treasury shares, which was tobe deducted from the calculation of the average number of shares of common stock during the period,
includes the shares of the Company’s stock held by Custody Bank of Japan, Ltd. (Trust Account E) as
trust assets for BBT and J-ESOP.
* Semi-annual financial results reports are exempt from interim audit conducted by certified public accountants oran audit firm.
* Explanation on appropriate use of earnings forecast and other special notes
Reason for not disclosing dividend forecast, etc.
We have adopted a basic policy of approximately maintaining a 50 percent dividend payout ratio by taking into
account payout consistency, net asset position, and other managerial judgments based on our corporate philosophyof striving to act in the best interest of our shareholders.
As described in “3. Forecast of non-consolidated financial results for the fiscal year ending March 31, 2025 (from
April 1, 2024 to March 31, 2025),” we have yet to determine the year-end dividend forecast for the fiscal year
ending March 31, 2025 due to difficulty in forecasting earnings. However, for the three fiscal years under the Sixth
Medium term Management Plan (from the fiscal year ended March 2023 to the fiscal year ending March 2025), theCompany would like to express its gratitude to shareholders for their support thus far and has decided to set theminimum annual dividend per share at ¥20.00, taking into account the current state of net assets. We will promptly
disclose the forecast amount at the timing when the second quarter-end and the fiscal year-end approach (during
September 2024 and March 2025).
Interim audit of semi-annual financial results by certified public accountants or an audit firm
We will issue the quarterly non-consolidated financial results report with a review report after the review iscompleted. The date is scheduled for August 9, 2024.

2

Contents of Attached Materials
1. Overview of operating results, etc. ···················································································

2(1) Quarterly overview of operating results ·········································································

2(2) Quarterly overview of financial position ········································································

3(3) Outlook ···············································································································

4

2. Quarterly non-consolidated financial statements and significant notes··········································

5(1) Quarterly non-consolidated balance sheets ·····································································

5(2) Quarterly non-consolidated statements of income ·····························································

7

For the three months ended June 30, 2023 and 2024 ·····················································

7(3) Notes to quarterly non-consolidated financial statements··· ·················································

8

Segment information, etc. ·························································································

8

Significant changes in shareholders’ equity ·····································································

8

Going concern assumption ························································································

8

Non-consolidated statements of cash flow ······································································

8

3. Supplemental information ······························································································

9(1) Commission received ·······························································································

9(2) Net trading income··································································································

9(3) Stock trading volume (excluding futures trading) ······························································ 10(4) Dealing volume of underwriting offering and secondary distribution ······································· 10(5) Capital adequacy ratio ······························································································ 10(6) Quarterly trends of operating results ············································································· 11-1-1. Overview of operating results, etc.
(1) Overview of operating results
During the first three months ended June 30, 2024 (hereinafter the “period under review”), the Japanese economy
had little sense of direction with a mix of positive and negative factors. Japan’s gross domestic product (GDP) in
the January-March 2024 quarter showed negative growth in both nominal and real terms. Leading, coincident, andlagging diffusion indexes remained firm in April and the growth rate of in the national CPI (comprehensive,
excluding fresh food and energy) gradually slowed until May. While real disposable income of working
households was on the downturn trend until April, real consumer spending of working households went up for the
first time in 13 months in March. Meanwhile, the Economy Watchers Survey DIs for both current and future
economic conditions slowed down after hitting a recent peak in February.
In the U.S., the economy has been deteriorating. Although real GDP showed positive growth for seven consecutive
quarters, the growth rate was sluggish in the January-March 2024 quarter. In addition, the pace of increase in core
CPI has slowed down since April, compared with the January-March 2024 quarter, and the unemployment rate
has been gradually increasing. In the Eurozone, real GDP returned to positive growth in the January-March 2024
quarter. The year-on-year growth rate of core CPI had been in decline until April, and the European Central Bank
(ECB) cut interest rates at the Governing Council meeting in June for the first time in 57 months.
During the period under review, the domestic stock market stayed in a narrow range until late April. This was
because persistent inflation dampened the expectations for an early interest rate cut in the U.S., which contributed
to the sharp market rise from January to March, and there was a growing concern over the Middle East situation,
including Israel’s attack on Iran. Subsequently, the Nikkei average generally remained range-bound between¥38,000 and ¥39,000 with an eye on the long-term interest rate movements in Japan and the U.S., including apause in the U.S. rate hike and a rise in Japanese interest rates due to observations of monetary policy normalization.
Until late June, the index remained firm based on the higher stock prices due to renewed expectations for U.S. rate
cut as well as the review of large value stocks. Reflecting these factors, the Nikkei average for the period underreview ended at ¥39,583.08, down 1.9% from the end of March 2024.
Under these circumstances, we reported increases in both operating revenue and net operating revenue during theperiod under review, with operating revenue of ¥4,043 million (up 13.3% year-on-year) and net operating revenueof ¥4,031 million (up 13.4% year-on-year), which is the amount of operating revenue less financial expenses of¥12 million (down 15.2% year-on-year). Selling, general and administrative expenses were ¥3,226 million (up8.9% year-on-year). As a result, we reported operating profit of ¥805 million (up 35.9% year-on-year), ordinary
profit of ¥1,022 million (up 33.4% year-on-year), and profit of ¥850 million (up 17.6% year-on-year).
Overview of the operating results are as shown below.
(i) Commission received
For the period under review, total “Commission received” was ¥3,579 million (up 21.2% year-on-year).
(a) Brokerage commission“Brokerage commission” was ¥1,506 million (up 10.4% year-on-year). This was mainly due to anincrease to ¥297.4 billion (up 17.4% year-on-year) in the volume of stock brokered, resulting in brokeragecommission on stocks of ¥1,499 million (up 10.3% year-on-year). Meanwhile, brokerage commission of
beneficiary certificates was ¥7 million (up 24.4% year-on-year).
(b) Commission for underwriting, secondary distribution and solicitation for selling and others for
professional investors“Commission for underwriting, secondary distribution and solicitation for selling and others for
professional investors” was ¥19 million (up 256.3% year-on-year).
(c) Fees for offering, secondary distribution and solicitation for selling and others for professional investors;
and other fees received“Fees for offering, secondary distribution and solicitation for selling and others for professional investors,”
which mainly consists of investment trust sales commissions, was ¥815 million (up 20.1% year-on-year).
This was due to strong sales of mutual funds that invest in stocks of U.S. companies with sustainablegrowth, mutual funds that invest in blue-chip companies listed on the financial instruments exchanges in
the U.S. and around the world, and mutual funds that make investments in semiconductor companies
listed on the world’s securities exchanges, mainly in Japan. In addition, “Other fees received” was ¥1,238
million (up 37.1% year-on-year) mainly due to increases in agency commission for investment trusts andcommission for mutual fund wraps.
-2-

(ii) Net trading income
For the period under review, “Net trading income” was ¥378 million (down 30.0% year-on-year) consistingof net trading income for stocks of ¥317 million (down 33.9% year-on-year) due to a decrease in the trading
volume of U.S. stocks and that for bonds and foreign exchanges of ¥60 million (up 1.9% year-on-year).
(iii) Financial revenue and expenses
For the period under review, “Financial revenue” was ¥79 million (up 12.0% year-on-year) mainly due to anincrease in interest income, and “Financial expenses” was ¥12 million (down 15.2% year-on-year) mainly
due to a decrease in cost of margin transactions, resulting in a net profit of ¥67 million (up 18.9% year-onyear).
(iv) Selling, general and administrative expenses
For the period under review, “Selling, general and administrative expenses” was ¥3,226 million (up 8.9%
year-on-year). This was mainly attributable to increases in “Personnel expenses” such as provision for bonuses
due to an increase in operating revenues as well as “Real estate expenses,” “Administrative outsourcing
expenses,” and others.
(v) Extraordinary income and losses
For the period under review, “Extraordinary losses” solely consisted of “Provision of reserve for financial
instruments transaction liabilities” of ¥6 million (compared to ¥– million for the same period a year earlier).
(2) Quarterly overview of financial position(i) Current assets
At the end of the period under review, “Current assets” amounted to ¥60,041 million, an increase of ¥5,595
million from the end of the previous fiscal year. This was mainly attributable to increases of ¥2,320 million
in “Cash and deposits,” ¥2,004 million in “Cash segregated as deposits,” ¥1,662 million in “Advances
paid,” ¥764 million in “Margin transaction assets,” and ¥179 million in “Cash paid for offering,” whichwere partially offset by a decrease of ¥1,538 million in “Trading products.”(ii) Non-current assets
At the end of the period under review, “Non-current assets” amounted to ¥19,092 million, a decrease of¥494 million from the end of the previous fiscal year. This was mainly attributable to decreases of ¥380
million in “Investment securities,” ¥60 million in “Long-term guarantee deposits,” and ¥36 million in“Property, plant and equipment.”(iii) Current liabilities
At the end of the period under review, “Current liabilities” amounted to ¥32,415 million, an increase of¥6,553 million from the end of the previous fiscal year. This was mainly attributable to increases of 5,740
million in “Deposits received,” ¥2,256 million in “Borrowings secured by securities,” ¥471 million in“Provision for share awards for employees,” and ¥41 million in “Guarantee deposits received,” which werepartially offset by decreases of ¥1,055 million in “Income tax payable,” ¥401 million in “Margin transaction
liabilities,” ¥279 million in “Provision for bonus,” and ¥243 million in “Other current liabilities.”(iv) Non-current liabilities and reserves under special laws
At the end of the period under review, “Non-current liabilities” and “Reserves under special laws”
collectively amounted to ¥4,676 million, a decrease of ¥668 million from the end of the previous fiscal year.
This was mainly attributable to decreases of ¥373 million in “Provision for share awards for employees”
due to a transfer to current liabilities, ¥141 million in “Deferred tax liabilities,” ¥106 million in “Provision
for retirement benefits,” and ¥56 million in “Other non-current liabilities,” which was partially offset by anincrease of ¥6 million in “Reserve for financial instruments transaction liabilities.”(v) Net assets
At the end of the period under review, “Net assets” amounted to ¥42,042 million, a decrease of ¥784 million
from the end of the previous fiscal year. This was mainly attributable to decreases of ¥1,287 million in“Other capital surplus,” ¥911 million in “Dividends of surplus,” and ¥248 million in “Valuation difference
on available-for-sale securities.” which were partially offset by increases of ¥850 million in “Profit,” and¥811 million in “Treasury shares.”-3-(3) Outlook
We are engaged in the financial instruments business, and thus, its earnings could fluctuate greatly depending on
the stock market performance and other factors. We therefore do not disclose earnings forecasts.
We will promptly disclose the preliminary results figures when the operating results for each quarter are roughly
estimated.

-4-2. Quarterly non-consolidated financial statements and significant notes(1) Quarterly non-consolidated balance sheets
Previous fiscal year
(As of March 31, 2024)
AssetsCurrent assets:
Cash and deposits
Cash segregated as deposits
Trading products:
Trading securities and other
Derivatives
Trade date accrual
Margin transaction assets:
Loans on margin transactions
Cash collateral pledged for securities borrowing on margintransactions
Advances paid
Cash paid for offering
Short-term guarantee deposits
Other current assets
Total current assets
Non-current assets:
Property, plant and equipment:
Buildings
Other, net
Intangible assets
Investments and other assets:
Investment securities
Long-term guarantee deposits
Other
Allowance for doubtful accounts
Total non-current assets
Total assets-5-(Millions of yen)
Current quarter(As of June 30, 2024)

28,011
14,433
1,827
1,825
1
6
7,020
6,862

30,332
16,438
288
286
1
1
7,784
7,701

157

83

0
1,692
651
802
54,446

1,662
1,872
722
939
60,041

3,742
1,824
1,917
187
15,656
14,950678
45(17)19,58674,033

3,706
1,815
1,891
169
15,215
14,569617
46(17)
19,092
79,134

Previous fiscal year
(As of March 31, 2024)
Liabilities
Current liabilities:
Margin transaction liabilities:
Borrowings on margin transactions
Cash received for securities lending on margin transactions
Borrowings secured by securities:
Cash received on debt credit transaction of securities
Deposits received:
Guarantee deposits received
Short-term borrowings
Income taxes payable
Provision for bonuses
Provision for bonuses for directors (and other officers)
Provision for share awards for employees
Provision for share awards for directors (and other officers)
Asset retirement obligations
Other current liabilities
Total current liabilities
Non-current liabilities:
Deferred tax liabilities
Provision for retirement benefits
Provision for share awards for employees
Provision for share awards for directors (and other officers)
Asset retirement obligations
Other non-current liabilities
Total non-current liabilities
Reserves under special laws:
Reserve for financial instruments transaction liabilities
Total reserves under special laws
Total liabilities
Net assets
Shareholders’ equity:
Share capital
Capital surplus:
Legal capital surplus
Other capital surplus
Total capital surplus
Retained earnings:
Other retained earnings:
General reserve
Retained earnings brought forward
Total retained earnings
Treasury shares
Total shareholders’ equity
Valuation and translation adjustments:
Valuation difference on available-for-sale securities
Total valuation and translation adjustments
Total net assets
Total liabilities and net assets-6-(Millions of yen)
Current quarter(As of June 30, 2024)

1,013
717
296
856
856
17,758
417
2,750
1,243
659
–
23
7
39
1,092
25,861

612
395
216
3,112
3,112
23,498
459
2,750
188
379
23
494
7
40
849
32,415

2,493
1,937
373
21
305
117
5,249

2,352
1,831
–
23
306
60
4,575

94
94
31,205101
101
37,091

12,272

12,272

4,294
1,969
6,264

4,294
682
4,977

18,413
7,247
11,166
18,413(1,441)35,50918,352
7,247
11,105
18,352(630)
34,972

7,317
7,317
42,82774,0337,069
7,069
42,042
79,134

(2) Quarterly non-consolidated statements of income
For the three months ended June 30, 2023 and 2024

For the three months ended
June 30, 2023
(From April 1, 2023
to June 30, 2023)
Operating revenue
Commission received:
Brokerage commission
Commission for underwriting, secondary distribution andsolicitation for selling and others for professional investors
Fees for offering, secondary distribution and solicitation for sellingand others for professional investors
Other fees received
Net trading income
Financial revenue
Other
Total operating revenue
Financial expenses
Net operating revenue
Selling, general and administrative expenses:
Trading related expenses
Personnel expenses
Real estate expenses
Office expenses
Depreciation
Taxes and dues
Other
Total selling, general and administrative expenses
Operating profit
Non-operating income:
Dividend income
Miscellaneous income
Total non-operating income
Non-operating expenses:
Miscellaneous loss
Total non-operating expenses
Ordinary profit
Extraordinary income:Reversal of reserve for financial instruments transaction liabilities
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses:
Provision of reserve for financial instruments transaction liabilities
Impairment loss
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit-7-(Millions of yen)
For the three months ended
June 30, 2024
(From April 1, 2024
to June 30, 2024)

2,952
1,365

3,579
1,506

5

19

678

815

903
539
70
6
3,570
14
3,555

1,238
378
79
6
4,043
12
4,031

266
1,721
307
438
89
85
52
2,963
592

282
1,890
359
461
90
87
54
3,226
805

125
49
175

187
38
226

2
2
766

9
9
1,022

9
224
233

–
–
–

–
6
6
993
165
104
270
723

6
–
6
1,015
170
(5)
164
850

(3) Notes to non-consolidated financial statements
The quarterly non-consolidated financial statements have been prepared in accordance with Article 4, Paragraph
1 of Standards for Preparation of Quarterly Financial Statements of the Tokyo Stock Exchange, Inc. andaccounting principles generally accepted in Japan for quarterly financial statements, applying the provisions for
reduced disclosures as set forth in Article 4, Paragraph 2 of the Standards.
Segment information, etc.
The Company does not provide segment information because it has only a single business segment, which is theinvestment and financial services business.
Significant changes in shareholders’ equity
Based on the resolution at the Board of Directors’ meeting held on April 26, 2024, we acquired 897,600 sharesof treasury stock and cancelled 5,000,000 shares as of May 24, 2024.
As a result, treasury stock was ¥630 million at the end of the period under review, with an increase by ¥477
million due to acquisition, partially offset by a decrease by ¥1,287 million due to cancellation. In addition, capitalsurplus was ¥4,977 million at the end the period under review, decreasing by ¥1,287 million during the period.
Going concern assumption
Not applicableNon-consolidated statements of cash flow
Quarterly non-consolidated statements of cash flow for the period under review are not available. See below for
the information on depreciation (including amortization on intangible assets) for the period under review.

Depreciation

For the three months ended
June 30, 2023
(From April 1, 2023
to June 30, 2023)¥89 million-8-

For the three months ended
June 30, 2024
(From April 1, 2024
to June 30, 2024)¥90 million

3. Supplemental information(1) Commission received(i) Commission by line item
(Millions of yen)

Brokerage commission:
StocksBeneficiary certificates
Commission for underwriting, secondary
distribution and solicitation for sellingand others for professional investors:
Stocks
Bonds
Fees for offering, secondary distribution
and solicitation for selling and others for
professional investors
Other fees received
Total

For the three months ended
June 30, 2023
(From April 1, 2023
to June 30, 2023)
1,365[1,359][5]

For the three months ended
June 30, 2024
(From April 1, 2024
to June 30, 2024)
1,506[1,499]
[7]

5

19

356.3

[1]
[4]

[1]
[17]

154.5
402.8

678

815

120.1

903
2,952

1,238
3,579

137.1
121.2

For the three months ended
June 30, 2023
(From April 1, 2023
to June 30, 2023)
1,362
4
1,576
9
2,952

For the three months ended
June 30, 2024
(From April 1, 2024
to June 30, 2024)
1,502
19
2,053
4
3,579

For the three months ended
June 30, 2023
(From April 1, 2023
to June 30, 2023)
480
59
[(9)]
[69]
539

For the three months ended
June 30, 2024
(From April 1, 2024
to June 30, 2024)
317
60
[(3)]
[63]
378

(ii) Commission by product

Stocks
Bonds
Beneficiary certificates
Other
Total

Year-on-yearchange (%)
110.4
110.3
124.4

(Millions of yen)
Year-on-yearchange (%)
110.3
410.5
130.2
53.3
121.2

(2) Net trading income(Millions of yen)

Stocks, etc.
Bonds, foreign exchange, etc.:
Bonds, etc.
Foreign exchange, etc.
Total

-9-

Year-on-yearchange (%)
66.1
101.9
–
91.8
70.0

(3) Stock trading volume (excluding futures trading)

Total:
Brokerage
Dealing
Brokerage (%)
Exchange participation share (%)
Brokerage commission per stock on clienttransaction (Yen)For the three months
ended June 30, 2023
(From April 1, 2023
to June 30, 2023)
NumberAmountof shares
114
288,242[111][253,254][3][34,987]
97.3
87.9
0.05
0.04
12.16

(Millions of shares, Millions of yen)
For the three months
ended June 30, 2024
Year-on-year change (%)(From April 1, 2024
to June 30, 2024)
NumberNumberAmountAmountof sharesof shares
118
321,983
103.5
111.7
[118]
[297,426][105.8][117.4][0][24,557][21.7][70.2]
99.4
92.4
0.04
0.03
–
12.68

(4) Dealing volume of underwriting, public offering and secondary distribution
For the three months
ended June 30, 2023
(From April 1, 2023
to June 30, 2023)(Thousands of shares, Millions of yen)
For the three months
ended June 30, 2024
Year-on-year change (%)(From April 1, 2024
to June 30, 2024)

Underwriting:Stock (Number of shares)
17
91
513.6
Stock (Amount)
20
73
354.3
Bond (Face value)
375
2,050
546.7
Beneficiary certificates (Amount)–––
Commercial paper & foreign securities–––(Face value)
Offering and secondary distribution
Stock (Number of shares)
16
50
315.4
Stock (Amount)
18
34
186.2
Bond (Face value)
375
2,096
558.9
Beneficiary certificates (Amount)
106,368
114,295
107.5
Commercial paper & foreign securities–––(Face value)
Note: The dealing volume of offering and secondary distribution includes the amount of secondary distribution and the dealing
volume of private offering.

(5) Capital adequacy ratio

Basic items
Complementary
items
Deductible assets
Unfixed equity capital(A) + (B) – (C)(A)
Valuation difference on available-forsale securities
Reserve for financial instruments
transaction liabilities
Total
(B)
(C)
(D)

Previous fiscal year
(As of March 31, 2024)
34,597(Millions of yen)
Current quarter(As of June 30, 2024)
34,972

7,317

7,069

94

101

7,412
5,687

7,170
5,571

36,322

36,571Market risk
2,243
1,946
Counterparty risk
315
799
Risk items
Basic risk
2,735
2,966
Total
(E)
5,294
5,711
Capital adequacy ratio (%)(D) / (E) × 100
686.0
640.2
Note: Treasury shares, which were to be deducted from the calculation of the basic items, include the Company’s shares heldby Custody Bank of Japan, Ltd. (Trust Account E) as trust assets for BBT and J-ESOP.

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(6) Quarterly trends of operating results
Previous fiscal year

(Millions of yen)
Current fiscal
year
1st quarter(Apr. 1, 2024–
Jun. 30, 2024)

1st quarter(Apr. 1, 2023–
Jun. 30, 2023)

2nd quarter(Jul. 1, 2023–
Sep. 30, 2023)

3rd quarter(Oct. 1, 2023–
Dec. 31, 2023)

4th quarter(Jan. 1, 2024–
Mar. 31, 2024)

Commission received

2,952

3,051

2,910

3,860

3,579

Net trading income

539

294

204

431

378

Financial revenue

70

68

68

74

79

Other

6

6

6

6

6

3,570

3,420

3,190

4,373

4,043

14

13

11

12

12

3,555

3,406

3,178

4,361

4,031

266

273

283

311

282

Personnel expenses

1,721

1,733

1,658

1,929

1,890

Real estate expenses

307

350

350

370

359

Office expenses

438

414

425

460

461

Depreciation

89

90

91

93

90

Taxes and dues

85

46

47

59

87

52

48

50

57

54

2,963

2,957

2,908

3,282

3,226

592

449

270

1,078

805

Non-operating income

175

59

144

46

226

Non-operating expenses

2

1

1

8

9

766

507

413

1,116

1,022

9

3

2

(9)

–

224

–

–

404

–

233

3

2

395

–

–

–

–

–

6

Operating revenue:

Total operating revenue
Financial expenses
Net operating revenue
Selling, general and administrative
expenses:
Trading related expenses

Other
Total selling, general and administrative
expenses
Operating profit

Ordinary profit
Extraordinary income:Reversal of reserve for financial
instruments transaction liabilities
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses:
Provision of reserve for financial
instruments transaction liabilities
Impairment loss

6

–

–

–

–

Total extraordinary losses

6

–

–

–

6

Profit before income taxes

993

511

416

1,511

1,015

Income taxes - current

165

307

24

685

170

Income taxes - deferred

104

(118)

117

(189)

(5)

Total income taxes

270

189

141

496

164

Profit

723

322

274

1,015

850

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