Non-consolidated Financial Results
for the Three Months Ended June 30, 2023
(Under Japanese GAAP)
July 28, 2023
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 filing date of Quarterly Securities Report (Shihanki Hokokusho):August 10, 2023
Scheduled date of dividend payment:–
Preparation of supplementary briefing material on quarterly financial results:
None
Investors meeting presentation for quarterly financial results:
None(Note) Amounts less than one million yen have been omitted.
1. Non-consolidated financial results for the three months ended June 30, 2023
(from April 1, 2023 to June 30, 2023)(1) Operating results(Percentages indicate year-on-year changes.)Three months ended
June 30, 2023
June 30, 2022

Operatingrevenue
Millions of
yen

3,570
2,666

Net operating
Operating profit
Ordinary profit
Profitrevenue% Millions of% Millions of% Millions of% Millions of
yen
yen
yen
yen

33.9
(24.1)

3,555
2,653

Basic earnings
per share

Three months ended
June 30, 2023
June 30, 2022

592
(221)

34.0
(24.2)

–
–

–
–

766
(4)

723
42

%

–
(90.5)

Diluted earnings
per share
Yen

Yen

11.20
0.67

–
–

Total assets
Millions of yen

Net assets
Millions of yen

68,21361,56439,08539,024(2) Non-consolidated financial position
As ofJune 30, 2023
March 31, 2023

Reference: Capital (Shareholders’ equity + Valuation and translation adjustments):
As of June 30, 2023:¥39,085 million
As of March 31, 2023:

Capital ratio%

Capital adequacy ratio
%

57.3
63.4

751.1
695.7

¥39,024 million

2. DividendsFirstquarter-end
Fiscal year
Ended March 31, 2023
Ending March 31, 2024
Ending March 31, 2024 (forecast)

Yen

–
–

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

Total

Yen

Yen

Yen

Yen

2.00

–

20.00

22.00

–

–

–

–

(Note) Although we have yet to determine the year-end dividend forecast for the fiscal year ending March 31, 2024, 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, 2024
(from April 1, 2023 to March 31, 2024)
We do not disclose earnings forecast because our earnings could fluctuate greatly depending on the stock market
trend and other factors.
We will promptly disclose the preliminary results figures when the operating results will be substantially
finalized.

[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, 2023:
70,689,033 shares
As of March 31, 2023:
70,689,033 shares(ii) Number of treasury shares at the end of the period
As of June 30, 2023:
6,061,462 shares
As of March 31, 2023:
6,061,329 shares(iii) Average number of shares of common stock during the period
Three months ended June 30, 2023:
64,627,650 shares
Three months ended June 30, 2022:
63,853,495 shares
Note: The number of treasury shares at the end of the period includes the shares of the Company’s stock
held by 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 to be deducted from the calculation of the average number of shares of common stock during theperiod, 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.
* This financial results report is not subject to quarterly review procedures to be performed by certified public
accountants or an 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 philosophy of 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, 2024 (from
April 1, 2023 to March 31, 2024),” we have yet to determine the year-end dividend forecast for the fiscal year ending
March 31, 2024 due to difficulty in forecasting earnings. However, for the three fiscal years under the Sixth Medium termManagement Plan (from the fiscal year ended March 2023 to the fiscal year ending March 2025), the Company would like toexpress its gratitude to shareholders for their support thus far and has decided to set the minimum 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 2023 and March 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, 2022 and 2023 ·····················································

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

8

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

8

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

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) Quarterly overview of operating results
During the first three months ended June 30, 2023 (hereinafter the “period under review”), Japan’s economy
remained strong, with both nominal and real GDP maintaining positive growth in the October–December 2022
and January–March 2023 quarters, and the real growth rate in the January–March 2023 quarter reaching the highest
level since the April–June 2022 quarter. The year-on-year growth rate of the consumer price index “All items, lessfresh food and energy” continued to expand through May, and the year-on-year negative growth rate of realdisposable income of working households became the norm. Meanwhile, the Economy Watchers Survey DIs forboth current and future economic conditions exceeded their reference point of 50 in February, and remained above
50 for five consecutive months through June, resulting in the DI for current conditions and the DI for future
conditions exceeding it in consecutive months for the first time since May 2017–January 2018 (nine consecutive
months) and since May 2017–June 2018 (14 consecutive months) respectively.
The U.S. economy continued to perform well, with real GDP growing positively for three consecutive quarters
through the January–March 2023 quarter, amid rising consumer prices. However, the Eurozone experienced aslight but consecutive negative growth in real GDP in the October–December 2022 and January–March 2023
quarters. As for the monetary policies of world’s major economies, Japan maintained its monetary easing policy,
while the U.S. decided to leave its policy rate unchanged for the first time in about 18 months at the Federal Open
Market Committee (FOMC) meeting in June. Many countries continued to tighten monetary policy: the European
Central Bank (ECB) raised interest rates at eight consecutive meetings through June; the U.K. raised interest rates
at 13 consecutive meetings; and Canada and Australia resume interest rate hikes that had been suspended.
During the period under review, the domestic stock markets rose sharply. Specifically, the Nikkei Stock Averagerose for six consecutive months through June to its highest level in about 33 years. This was due to factors such as
the Tokyo Stock Exchange’s request for improvement for companies with low P/B ratios, consideration of
additional investment in Japanese stocks by prominent U.S. investors known for their long-term investments inundervalued stocks, the Bank of Japan’s continued monetary easing and the weak yen, as well as announcementof solid forecasts by many companies in their earnings results for the fiscal year ended March 2023 from late April
to mid-May and the resolution of the U.S. federal debt problem, all contributing to providing relief to investors.
Reflecting these conditions, the Nikkei ended the period under review at ¥33,189.04, up 18.4% from the end of
March 2023.
Under these circumstances, we reported increases in both operating revenue and net operating revenue during theperiod under review, with operating revenue of ¥3,570 million (up 33.9% year-on-year) and net operating revenueof ¥3,555 million (up 34.0% year-on-year), which is the amount of operating revenue less financial expenses of¥14 million (up 11.6% year-on-year). Selling, general and administrative expenses were ¥2,963 million (up 3.1%
year-on-year). As a result, we reported operating profit of ¥592 million (compared to operating loss of ¥221 million
for the same period a year earlier) and ordinary profit of ¥766 million (compared to ordinary loss of ¥4 million forthe same period a year earlier). After extraordinary income of ¥233 million (compared to ¥– million for the same
period a year earlier), extraordinary losses of ¥6 million (compared to ¥0 million for the same period a year earlier),
and tax expenses of ¥270 million (compared to –¥47 million for the same period a year earlier), profit was ¥723
million (up 1,594.2% year-on-year).
Overview of the operating results are as shown below.
(i) Commission received
During the period under review, total “Commission received” was ¥2,952 million (up 27.1% year-onyear).
(a) Brokerage commission“Brokerage commission” was ¥1,365 million (up 51.7% year-on-year). This was mainly due to anincrease to ¥253.2 billion (up 44.2% year-on-year) in the volume of stock brokered, resulting in brokeragecommission on stocks of ¥1,359 million (up 52.9% year-on-year). Meanwhile, brokerage commission of
beneficiary certificates was ¥5 million (down 45.8% 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 ¥5 million (up 91.5% year-on-year).

-2-(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 consist of investment trust sales commissions, were ¥678 million (up 22.2% year-on- year).
This was due to strong sales of investment trusts that invest in mid-cap stocks listed on Indian exchanges,
investment trusts that actively invest in stocks with high expected dividend yields in Japan with the goal ofgrowing investment trust assets, and investment trusts that, among stocks listed worldwide, invest in
stocks of companies with high growth potential through the evolution and application of AI (artificial
intelligence). In addition, “Other fees received” were ¥903 million (up 4.5% year-on-year) mainly due toincreases in agency commission for investment trusts and commission for mutual fund wraps.
(ii) Net trading income
During the period under review, “Net trading income” was ¥539 million (up 84.7% year-on-year) consisting of
net trading income for stocks of ¥480 million (up 154.6% year-on-year) due to an increase in the trading
volume of US stocks and that for bonds and foreign exchange of ¥59 million (down 42.7% year-on-year).
(iii) Financial revenue and expenses
During the period under review, “Financial revenue” was ¥70 million (up 58.8% year-on-year) due to anincrease in interest income, and “Financial expenses” were ¥14 million (up 11.6% year-on-year) due to anincrease in the cost of margin transactions, resulting in a net profit of ¥56 million (up 78.0% year-on-year).
(iv) Selling, general and administrative expenses
During the period under review, “Selling, general and administrative expenses” were ¥2,963 million (up 3.1%
year-on-year). This was mainly attributable to a decrease in “Real estate expenses” and an increase in“Personnel expenses” such as addition to provision for bonuses due to higher operating revenue.
(v) Extraordinary income and losses
During the period under review, “Extraordinary income” consisted of ¥224 million in “Gain on sale ofinvestment securities” (compared to ¥– million for the same period a year earlier) and ¥9 million in “Reversalof reserve for financial instruments transaction liabilities” (compared to ¥– million for the same period a year
earlier). “Extraordinary losses” was ¥6 million (compared to ¥– million for the same period a year earlier),and consisted solely of “Impairment loss.” As a result, net extraordinary income was ¥227 million (net lossesof ¥0 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 ¥54,363 million, an increase of ¥5,939
million from the end of the previous fiscal year. This was mainly attributable to increases of ¥3,305 million in“Cash paid for offering,” ¥2,310 million in “Cash segregated as deposits,” and ¥1,992 million in “Cash anddeposits,” which were partially offset by a decrease of ¥1,553 million in “Trading products.”(ii) Non-current assets
At the end of the period under review, “Non-current assets” amounted to ¥13,849 million, an increase of ¥709
million from the end of the previous fiscal year. This was mainly attributable to an increase of ¥775 million in“Investment securities.”(iii) Current liabilities
At the end of the period under review, “Current liabilities” amounted to ¥24,818 million, an increase of ¥6,107
million from the end of the previous fiscal year. This was mainly attributable to increases of ¥5,454 million in“Deposits received,” ¥581 million in “Margin trading liabilities,” ¥163 million in “Income taxes payable,” and¥112 million in “Guarantee deposits received,” which were partially offset by a decrease of ¥245 million in“Borrowings secured by securities.”-3-

(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 ¥4,308 million, an increase of ¥479 million from the end of the previous fiscal year. This was
mainly attributable to increases of ¥462 million in “Deferred tax liabilities” and ¥31 million in “Provision forshare awards for employees.”(v) Net assets
At the end of the period under review, “Net assets” amounted to ¥39,085 million, an increase of ¥61 million
from the end of the previous fiscal year. This was mainly attributable to increases of ¥723 million in “Profit”
and ¥640 million in “Valuation difference on available-for-sale securities,” which were partially offset by adecrease of ¥1,302 million in “Dividends of surplus.”(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.
Instead, every quarter, we will disclose preliminary forecast figures as soon as the operating results are finalized.
The disclosure of such preliminary figures is scheduled at the end of each quarter or the middle of the month
immediately following the end of each fiscal year.

-4-2. Quarterly non-consolidated financial statements and significant notes(1) Quarterly non-consolidated balance sheets(Millions of yen)
Current quarter(As of June 30, 2023)

Previous fiscal year
(As of March 31, 2023)
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
margin transactions
Cash paid for offering
Short-term guarantee deposits
Income taxes refund receivable
Securities
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-

21,958
11,923
1,812
1,812
0
37
6,904
6,766

23,951
14,234
259
256
2
–
6,883
6,414

138

469

1,681
973
250
2,010
869
48,424

4,986
648
300
2,007
1,092
54,363

3,945
1,921
2,024
257
8,937
8,242
665
46
(17)
13,13961,564

3,895
1,904
1,990
236
9,717
9,018
667
50
(17)
13,84968,213

(Millions of yen)
Current quarter(As of June 30, 2023)

Previous fiscal year
(As of March 31, 2023)
Liabilities
Current liabilities:
Trade date accrual
Margin transaction liabilities:
Borrowings on margin transactions
Cash received for securities lending on margintransactions
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)
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 otherofficers)
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-

–

1

860
569

1,441
695

291

746

1,942
1,942
11,853
306
2,750
26
408
–
562
18,7101,696
1,696
17,307
418
2,750
190
313
16
682
24,818

1,094
2,137
85

1,556
2,116
116

15

16

327
67
3,727

328
80
4,216

101

92

101
22,54092
29,127

12,272

12,272

4,294
1,969
6,264

4,294
1,969
6,264

18,031
7,247
10,78318,031(1,442)35,126

17,452
7,247
10,205
17,452(1,442)
34,5473,897
3,897
39,02461,5644,538
4,538
39,085
68,213

(2) Quarterly non-consolidated statements of income
For the three months ended June 30, 2022
(Millions of yen)
For the three months ended
June 30, 2023
(From April 1, 2023
to June 30, 2023)

For the three months ended
June 30, 2022
(From April 1, 2022
to June 30, 2022)
Operating revenue
Commission received:
Brokerage commission
Commission for underwriting, secondary distribution
and solicitation for selling and others for professional
investors
Fee for offering, secondary distribution and solicitation
for selling and 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 (loss)
Non-operating income:
Dividend income
Miscellaneous income
Total non-operating income
Non-operating expenses:
Miscellaneous loss
Total non-operating expenses
Ordinary profit (loss)
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 (loss) before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit

-7-

2,322
899

2,952
1,365

2

5

555

678

864
292
44
6
2,666
12
2,653

903
539
70
6
3,570
14
3,555

228
1,549
407
462
112
66
46
2,874
(221)

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

179
39
219

125
49
175

2
2
(4)

2
2
766

–

9

–
–

224
233

0

–

–
0
(4)
6
(53)
(47)
42

6
6
993
165
104
270
723

(3) Notes to quarterly non-consolidated financial statements
Going concern assumption
Not applicable.
Significant changes in shareholders’ equity
Not applicable.

-8-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
Fee for offering, secondary distribution
and solicitation for selling and others for
professional investors
Other fees received
Total

For the three months ended
June 30, 2022
(From April 1, 2022
to June 30, 2022)
899
[888]
[10]

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

2

5

191.5

[2]
[0]

[1]
[4]

40.5
1,354.6

555

678

122.2

864
2,322

903
2,952

104.5
127.1

For the three months ended
June 30, 2022
(From April 1, 2022
to June 30, 2022)
893
0
1,419
9
2,322

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, 2022
(From April 1, 2022
to June 30, 2022)
188
103
[51]
[51]
292

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

Year-on-yearchange (%)
151.7
152.9
54.2

(ii) Commission by product(Millions of yen)

Stocks
Bonds
Beneficiary certificates
Other
Total

Year-on-yearchange (%)
152.5
791.3
111.1
95.4
127.1

(2) Net trading income(Millions of yen)

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

-9-

Year-on-yearchange (%)
254.6
57.3
–
134.3
184.7

(3) Stock trading volume (excluding futures trading)(Millions of shares, Millions of yen)

Total:
Brokerage
Dealing
Brokerage (%)
Exchange participation share (%)
Brokerage commission per stock on clienttransaction (yen)For the three months ended
June 30, 2022
(From April 1, 2022
to June 30, 2022)
NumberAmountof shares
89
189,244[88][175,590][0][13,653]
99.3
92.8
0.04
0.04

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

10.03

12.16

Year-on-year change (%)
Numberof shares
128.8[126.1][524.6]

Amount152.3[144.2][256.3]–(4) Dealing volume of underwriting, public offering and secondary distribution
For the three months ended
June 30, 2022
(From April 1, 2022
to June 30, 2022)(Thousands of shares, Millions of yen)
For the three months ended
June 30, 2023
Year-on-year change (%)(From April 1, 2023
to June 30, 2023)

Underwriting:Stock (Number of shares)
82
17
21.5
Stock (Amount)
45
20
45.7
Bond (Face value)–375–
Beneficiary certificates (Amount)–––
Commercial paper & foreign–––
securities (Face value)
Offering and secondary distribution
Stock (Number of shares)
87
16
18.3
Stock (Amount)
46
18
39.4
Bond (Face value)
41
375
914.6
Beneficiary certificates (Amount)
75,124
106,368
141.6
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)(Millions of yen unless otherwise indicated)
Previous fiscal year
Current quarter(As of March 31, 2023)(As of June 30, 2023)
33,82334,547(A)
Valuation difference on available-forsale securities
Reserve for financial instruments
transaction liabilities
Total
(B)
(C)
(D)

3,897

4,538

101

92

3,999

4,630

5,738

5,751

32,08433,426

Market risk
1,444
1,307
Counterparty risk
304
397
Risk items
Basic risk
2,862
2,745
Total
(E)
4,611
4,450
Capital adequacy ratio (%)(D) / (E) × 100
695.7
751.1
Note: The number of treasury shares, which was to be deducted from the calculation of basic items, includes the shares of theCompany’s stock held by 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, 2023 Jun. 30, 2023)

1st quarter(Apr. 1, 2022 Jun. 30, 2022)

2nd quarter(Jul. 1, 2022 Sep. 30, 2022)

3rd quarter(Oct. 1, 2022 Dec. 31, 2022)

4th quarter(Jan. 1, 2023 Mar. 31, 2023)

Commission received

2,322

2,581

2,311

2,371

2,952

Net trading income

292

466

244

376

539

Financial revenue

44

49

52

56

70

Other

6

6

6

6

6

2,666

3,104

2,615

2,810

3,570

Operating revenue:

Total operating revenue
Financial expenses

12

14

14

13

14

2,653

3,089

2,600

2,796

3,555

228

251

240

277

266

Personnel expenses

1,549

1,649

1,523

1,589

1,721

Real estate expenses

407

368

389

353

307

Office expenses

462

407

411

444

438

Depreciation

112

113

117

99

89

Taxes and dues

66

46

44

41

85

Other
Total selling, general and administrative
expenses

46

66

61

36

52

2,874

2,902

2,788

2,843

2,963

Operating profit (loss)

(221)

186

(187)

(46)

592

Non-operating income

219

53

160

45

175

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

Non-operating expenses

2

(2)

1

22

2

Ordinary profit (loss)

(4)

242

(28)

(23)

766

Reversal of reserve for financial
instruments transaction liabilities
Gain on sale of investment securities

–

–

–

–

9

–

–

738

106

224

Total extraordinary income

–

–

738

106

233

0

0

(0)

(0)

–

–

56

143

0

–

Impairment loss

–

–

–

–

6

Total extraordinary losses

0

56

143

0

6

Profit (loss) before income taxes

(4)

186

566

83

993

Extraordinary income:Extraordinary losses:
Provision of reserve for financial
instruments transaction liabilities
Head office relocation expenses

Income taxes - current

6

5

4

10

165

Income taxes - deferred

(53)

53

110

(78)

104

Total income taxes

(47)

59

114

(68)

270

Profit

42

127

451

152

723

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