AIZAWA SECURITIES GROUP CO., LTD.

Consolidated Financial Summary under Japanese GAAPFor the Nine months ended December 31, 2021
January 28, 2022
Company Name
Listed Stock Exchange
Securities Code
URL
Representative
Contact Person

AIZAWA SECURITIES GROUP CO., LTD.
Tokyo Stock Exchange Section 1
8708
https://www.aizawa-group.co.jp/
Takuya Aizawa, President & CEO
Kazuhiro Mashiba, Director & CFO

Scheduled date of filing quarterly report
Scheduled date of dividend payment
Supporting explanatory documents on financial results
Briefing on financial results

February 9, 2022
-YES
NO
(All figures are rounded off to the nearest million yen)

1. Consolidated financial summary (From April 1, 2021 to December 31, 2021)(1) Consolidated business results(% represents year-on-year change)

Operatingrevenue

Nine months ended December 31, 2021
Nine months ended December 31, 2020

Net operating
revenue

OperatingprofitProfit attributableto owners ofparentOrdinary
profitmillion yen％

million yen％

million yen％

million yen％

millionyen％

12,515
12,191

2.7
16.7

12,385
12,103

2.3
16.9

△204
801

―
―

1,345
1,566

△14.1
52.0

3,224
4,213

△23.5
391.6

Note: Comprehensive income

Nine months ended December 31, 2021: 2,006 million yen (△76.8% vs previous year same period)
Nine months ended December 31, 2020: 8,660 million yen (+436.5% vs previous year same period)

Earnings per share

Diluted earnings per share

yen

yen

Nine months ended December 31, 2021

81.72

―

Nine months ended December 31, 2020

102.66―

Note: We have introduced ESOP, and average number of company’s share bought under this program for the period under review are being
accounted under company’s own treasury shares.

(2) Consolidated financial position
Total assets

As of December 31, 2021
Fiscal year ended March 31, 2021
Note: Shareholders' equity
As of December 31, 2021: 57,212 million yen

Net assets

Shareholders'equity ratio

Net assets
per share

million yen

million yen％

yen

107,467
107,127

59,47658,34653.2
54.0

1,471.82
1,444.30

As of March 31, 2021: 57,811 million yen

AIZAWA SECURITIES GROUP CO., LTD.

2．Dividends
Dividend per share
End of 1Q

Fiscal year ended 2021
Fiscal year ending 2022

yen
―
―

End of 2Q

End of 3Q

yen
11.00
13.00

yen
―
―

Fiscal year ending 2022 (Forecast)End of 4Q

Annual Total

yen
21.00

yen
32.00

―

―

3. Earning forecast for the fiscal year ending March 31, 2022 (Consolidated)
The Group operates principally in the financial securities business, and its operating results are likely to be affectedby economic and market fluctuations. Due to such nature of its business and consequential difficulty in predicting its
performance, the group does not disclose the forecast of operating results. Instead of it, as we finalize the financial
results, we release the preliminary numbers for the quarterly and yearly results.
※

Notes
YES
(1) Important changes in subsidiaries during the term
(Changes pursuant to the subsidiaries that lead to a change in the scope of consolidation)
New: 1 (Company name: AIZAWA SECURITIES CO., LTD.)
Exclusion: None
Corporate name of AIZAWA SECURITIES DIVISION PREPARATION CO., LTD. has been changed to AIZAWASECURITIES CO., LTD. w.e.f. October 1, 2021.
(2) Accounting treatments specific to quarterly financial statements

NO(3) Changes in accounting policies, changes in accounting estimates and retrospective restatements
YES1) Changes in accounting policies based on revisions of accounting standard
NO2) Changes in accounting policies other than item 1)above
NO3) Change in accounting estimatesNO4) Retrospective restatements(4) Number of issued shares (Common stock)1) Number of shares issued at the end of the term including treasury shares
As of December 31, 2021: 47,525,649 shares
As of March 31, 2021: 47,525,649 shares
2) Number of treasury shares at the end of the term
As of December 31, 2021: 8,653,810 shares
As of March 31, 2021: 7,498,290 shares
3) Average number of shares outstanding (Cumulative)
As of December 31, 2021: 39,457,167 shares
As of December 31, 2020: 41,047,477 shares※ This quarterly financial summary is not subject to quarterly review procedures by certified public accountants
or audit corporations.
※ Explanation on forecasts
The group operates principally in the financial securities business, and its operating results are likely to be affectedby market fluctuations. Due to such nature of its business and difficulty in predicting its performance, group does
not forecast on business results and dividends. At the end of the term, we make efforts to release the preliminary
numbers, as we finalize the financial results. Corporate name of AIZAWA SECURITIES CO., LTD. has beenchanged to AIZAWA SECURITIES GROUP CO., LTD. w.e.f. October 1, 2021.

AIZAWA SECURITIES GROUP CO., LTD.

Supporting Materials: Table of contents
1. Qualitative information for the Nine months ended December 31, 2021
(1) Explanation of management results ····················································································· 1(2) Explanation of the financial results ····················································································· 3(3) Explanation on the forecast of consolidated business results ······················································· 3
2.

Financial statements and major notes(1) Consolidated balance sheets ······························································································ 4(2) Consolidated statements of income and comprehensive income statement ········································ 6(3) Notes on quarterly consolidated financial statements ································································· 8(Notes on going concern assumption) ··················································································· 8(Notes on material changes in shareholders' equity) ·································································· 8(Change in accounting policy) ··························································································· 8(Additional information) ·································································································· 8(Important subsequent events) ··························································································· 83.

Supplementary information
Consolidated business results for the Nine months ended December 31, 2021
(1) Commission received ······································································································ 9(2) Net trading income ········································································································· 9(3) Comparative quarterly consolidated statements of income ························································ 10

AIZAWA SECURITIES GROUP CO., LTD.

1. Qualitative information for the Nine months ended December 31, 2021
(1) Explanation of Management results

For the period under review (April 1, 2021 to December 31, 2021), concerns arising from COVID-19
subsided and there were signs that economic activities were normalizing. On the other hand, signs ofinflation globally are weighed on the recovery of corporate earnings.
In 2021, Japan was marked by a number of events like; sharp increase of COVID-19 cases in summer;
hosting Tokyo 2020 Olympic and Paralympic Games in August; change of the Prime Minister in
November, all of them adding uncertainty in the economy and stock market. The economic situation,
while still unstable, showed signs that economic activities are normalizing. Recovery trend is clearer inparticular industries. For the period under review Nikkei 225 average index retreated 1.3%, after reaching
a 30,670 yen, the highest level in 31 years since August 1990.
The U.S. economy from the COVID-19 perspective was in same situation as of 2020, no major lockdown
was introduced due to progress in inoculation of vaccination and also avoided the minus growth. FOMC
meeting held in November announced the plans for accelerated tapering and early hike in interest rate.
Since, U.S. has been providing capital to itself and other countries, there are concerns about the impact ofsuch policies on the rest of the world.
In China, despite the noticeable slowdown in economic indicators due to; tighter regulations bygovernment authorities on IT, real estate, and education-related companies; local lockdowns due to the"Zero COVID-19" policy; and other natural disasters; it was the first country to normalize its economy
ahead of the U.S. and Europe. Series of tighter regulations on IT companies and the default problem ofChina’s Hengda Group, a major real estate company, weighed on the stock markets and the Hong Kong
Hang Seng Index fell sharply by -17.6% for the period under review. In 2022, we expect China's economy
to develop on an upward trajectory due to the policy of placing top priority on economic stability inpreparation for important events such as the Winter Olympics to be held in Beijing in February and theCommunist Party National Congress in autumn. On the other hand, economy of ASEAN countries started
recovering from October after experiencing the economic stagnation led by decline in consumption due tosharp increase in the Delta variant COVID-19 cases from July to September. Vietnam's economic growth
was led by monetary easing and expansion of exports, and the Vietnam VN Index rose sharply by +25.8%
during the period under review, reaching an all-time high. In addition, Indonesia, Thailand, and thePhilippines rose by 10.0%, 4.4%, and 10.5%, respectively.
Japan saw a recovery in the consumption of food and beverages and travel services since October, after it
lifted the emergency declarations and quasi measures to prevent the spread of COVID-19. At the end of
November, new variant was reported worldwide and due to the global spread of the virus, Japan has taken
measures to restrict activities and is considered to be in sixth wave.
Under such conditions, group is working with the management philosophy of "Making life better throughsecurities investment" to provide the asset building services in line with the best customer satisfaction.
Our mission is to free the clients from the worries of life and to help them create a future for this country.
1

AIZAWA SECURITIES GROUP CO., LTD.

In October 2021, the company changed its structure to holding company and corporate name to "AIZAWASECURITIES GROUP CO., LTD.”. With the change in holding company, group focuses on its fourbusiness pillars of financial instrument securities business, investment business, asset managementbusiness and financial instrument intermediary business through its subsidiaries. The financial instrument
securities business led by AIZAWA SECURITIES CO., LTD. (established for succeeding the financial
instrument securities business in line with shift to holding company structure October 1, 2021) will be thecore business of the group. The financial instrument intermediary business (IFA) will be led by LIFE
DESIGN PARTNERS CO., LTD. (established in April 2021); the asset management business by
AIZAWA ASSET MANAGEMENT Co., Ltd. The investment business has been consolidated to
AIZAWA Investments Co., Ltd. These four businesses complement each other, and by further
diversifying and stabilizing our profit structure, we aim to establish ourselves as a comprehensive
financial group.
On July 9, 2021, Tokyo Stock Exchange, confirmed that the group complied with the listing criteria for
the "Prime Market" in the new market segments. Group will proceed with the prescribed procedures forthe application for the selection of the new market segment in accordance with the schedule set by Tokyo
Stock Exchange.
For the Nine months ended December 31, 2021, break-down of business results are as follow;(Percentage indicates a year-on-year change. The same shall apply hereinafter in this section)（Commission received）
Total commissions received increased by 6.3% to 7,994 million yen, due to increase in the turnover of mutual
funds.
（Net trading income）
Net trading income declined by 6.3% to 4,042 million yen, due to decline in handling of OTC foreign stocks.
（Net financial income）
Net financial income increased by 6.4% to 253 million yen. Under this category, income increased by 2.7% to
316 million yen and expenses declined by 9.7% to 63 million yen.
（Selling, general and administrative expenses）
Selling, general and administrative expenses increased by 11.4% to 12,589 million yen due to increase in office
expenses and real estate expenses.
（Non-operating profit and losses）
Non-operating profit increased by 102.5% to 1,549 million yen. Under this category, income were 1,637 million
yen including the dividend income of 1,471 million yen and profit distributions of 109 million yen. While
expenses under this category were 87 million yen including the 69 million loss from investment in partnerships.
（Extraordinary profit and losses）
Total extraordinary profit was 2,978 million yen. Under this category, income were 3,092 million yen including
the gain of 3,091 million yen from sale on investment securities. While losses were 114 million due to the 69
million yen loss from sale in non-current assets and loss of 43 million yen from the valuation of investment
securities.
With above factors, for the reporting period, operating revenue increased by 2.7% to 12,515 million yen;operating losses was 204 million yen; ordinary profit declined by 14.1% to 1,345 million yen; and profit
attributable to owners of parent declined by 23.5% to 3,224 million yen.
2

AIZAWA SECURITIES GROUP CO., LTD.

(2) Explanation of the financial results(All comparisons in this section (2) are with the previous fiscal year ended March 2021)(Assets)
As of at the end of the period under review, total assets was 107,467 million yen, an increase of 339 million yen.
This was mainly due to increase of 4,188 million yen in cash & deposits and a decline of 3,652 million yen in
cash segregated as deposits.
(Liabilities)
As of at the end of the period under review, total liabilities was 47,990 million yen, a decline of 791 million yen.
This was mainly due to increase of 3,343 million yen in margin transaction liabilities and a decline of 3,876
million yen in deposits received.
(Net assets)
As for the period under review, total net assets was 59,476 million yen, an increase of 1,130 million yen. Thiswas mainly due to increase of 1,856 million yen in the retained earnings.
(3) Explanation on the forecast of consolidated business results

The group operates principally in the financial securities and investments business. In this industry, there exist
uncertainties due to, but not limited, economic and market conditions. Group tries to monitor and calculate
such market risks and its effects on the business results. Due to such nature of its business and consequential
difficulty in predicting its performance, the group does not disclose the forecast of business results. Instead ofit, as we finalize the financial results, we release the preliminary numbers for the quarterly and yearly results.

3

AIZAWA SECURITIES GROUP CO., LTD.

2. Financial statements and major notes(1) Consolidated balance sheets(million yen)

As ofMarch 31,
2021

As of
December31, 2021

16,707
27,74027,739
0
1,117
244
244
817
16,297
15,638
658
163
160
3
1,351
△0
64,44020,89624,08724,085
1
6,859
255
255
881
17,525
17,378
147
160
155
4
1,024
△0
71,690

6,701
372
295
77
35,61233,530
1,069
1,017
△5
42,686

7,345
267
210
56
28,14326,0541,141951△335,756―――
107,1271
17
19
107,467

AssetsCurrent assets
Cash and deposit
Cash segregated as deposits
Cash segregated as deposits for customers
Other deposits
Operational investment securities
Trading products
Trading securities and otherTrade date accrual
Margin transaction assets
Loans on margin transactions
Cash collateral pledged for securities borrowing on margin transactions
Advances paid
Advances paid to customers
Other advance payments
Other current assets
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Goodwill
OthersInvestments and other assets
Investment securities
Net defined benefit asset
OthersAllowance for doubtful accounts
Total non-current assets
Deferred assets
Deferred organization expenses
Business commencement expenses
Total deferred assets
Total assets

4

AIZAWA SECURITIES GROUP CO., LTD.

(million yen)

Liabilities
Current liabilities
Trading products
Trading securities and other
Derivatives trading
Margin transaction liabilities
Borrowings on margin transactions
Cash received for securities lending on margin transactions
Loans payable secured by securities
Cash received on debt credit transaction of securities
Deposits received
Deposits from customers
Other deposits
Guarantee deposits received
Short-term loans payable
Income taxes payable
Provision for bonuses
Provision for director bonuses
Other current liabilities
Total current liabilities
Non-current liabilities
Long-term borrowings
Deferred tax liabilities
Provision for share based remuneration
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
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation reserve
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

5

As of
March 31,
2021

As of
December31, 2021

94
85
9
1,861
585
1,276
2,930
2,930
24,982
21,024
3,957
5,482
3,795
994
652
31
1,204
42,029

2
―
2
5,205
4,558
647
2,701
2,701
21,105
19,452
1,653
5,008
3,795
685
371
3
862
39,741

934
5,150
151
369
6,605

3,079
4,510
207
305
8,102

146
146
48,781

146
146
47,9908,000
8,087
35,388△3,34848,1288,000
8,122
37,245△4,607
48,760

9,607
―
75
9,683
534
58,346
107,127

8,354
41
55
8,451
2,264
59,476
107,467

AIZAWA SECURITIES GROUP CO., LTD.

(2) Consolidated statements of income and comprehensive income statement
Consolidated statements of income (For the Nine months ended December 31, 2021)(million yen)

Nine months ended
December 31, 2020

Operating revenue
Commission received
Net trading income
Financial revenue
OthersTotal operating revenue
Financial expenses
Other operating expenses
Net operating revenue
Selling, general and administrative expenses
Trading related expenses
Personnel expenses
Real estate expenses
Office expenses
Depreciation
Taxes and dues
Provision of allowance for doubtful accounts
OthersTotal selling, general and administrative expenses
Operating profit/loss(△)
Non-operating income
Dividend income
Profit distributions
Reversal of allowance for doubtful accounts
Gain on investments in partnership
Relief grants
OthersTotal non-operating income
Non-operating expenses
Loss on investments in partnership
Cancellation penalty
Settlement expenses
Commission for purchase of treasury shares
OthersTotal non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of non-current assets
Gain on sales of investment securities
Gain on step acquisitions
Reversal of reserve for financial instruments transaction liabilities

Total extraordinary income
Extraordinary losses
Loss on sales of non-current assets
Loss on sales of investment securities
Loss on valuation of investment securities
Total extraordinary losses
Profit before income taxes
Income taxes – current
Income taxes – deferred
Total income taxes
ProfitProfit/loss attributable to non-controlling owners
Profit attributable to owners of parent
6

Nine months ended
December 31, 2021

7,519
4,313
308
50
12,191

7,994
4,042
316
161
12,51569
17
12,10363
66
12,385

1,776
6,281
899
1,548
270
256
△0
271
11,302
801

2,063
6,231
1,243
1,859
372
415
0
403
12,589
△204

480
107
68
0
111
28
796

1,471
109
―
―
0
56
1,637

―
3
21
6
0
30
1,566

69
10
1
3
2
87
1,345

4,246
611
36
31
4,925

1
3,091
―
0
3,092

21
806
―
827
5,664
1,431
18
1,450
4,213
―
4,213

69
43
1
114
4,324
1,115
△ 10
1,145
3,178
△ 45
3,224

AIZAWA SECURITIES GROUP CO., LTD.

Consolidated comprehensive income statement (For the Nine months ended December 31, 2021)(million yen)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities

Nine months ended
December 31, 2020

Nine months ended
December 31, 2021

4,213

3,178

4,459
△ 12
4,446
8,660

△ 1,253101△ 20△ 1,172
2,006

8,660
―

1,992
13

―

Foreign currency translation reserve

Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Comprehensive income(Description)
Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling owners

7

AIZAWA SECURITIES GROUP CO., LTD.

(3) Notes on quarterly consolidated financial statements(Notes on going concern assumption)

Not applicable.
(Notes on material changes in shareholders’ equity)

Not applicable(Change in accounting policy)

1. Application of “Accounting standard for revenue recognition”
From the beginning of the consolidated 1st quarter of current accounting period, company has applied the“Accounting standard for revenue recognition” under ASBJ statement no. 29 as of March 31, 2020.
Company will recognize the revenue to be received in exchange for the good or service when control ofthe promised good or service is transferred to the customer.
There is no impact on the quarterly consolidated financial statements due to change in accounting policy.
2. Application of “Accounting standard for fair value measurement”
From the beginning of the consolidated 1st quarter of current accounting period, company has applied the“Accounting standard for fair value measurement” under ASBJ statement no. 30 as of July 4, 2019.
The new accounting policy will be applied in future and the transitional treatment will be applied inaccordance with the paragraph 19 of “Implementation guidance on disclosures about fair value offinancial instruments under ASBJ statement no. 19” and Paragraph 44-2 of “Accounting Standard for
Financial Instruments under ASBJ Statement No. 10”.
There is no impact on the quarterly consolidated financial statements due to change in accounting policy.
(Additional information)

Introduction of ESOPThe company has introduced an Employee Stock Ownership Plan Trust (“ESOP Trust”) from July 22, 2019with the motive to increase the enterprise value over mid to long term. The Company's stock held by the
ESOP Trust is included in treasury shares under net assets with a book value of 314 million yen for 473
thousand shares as of December 31, 2021.
(Important subsequent events)
Purchase of treasury sharesCompany decided to purchase the treasury shares in accordance with the paragraph 1 of article 459,
company law. Decision was taken in the board meeting conducted on February 26, 2021. Company pursued
the purchase of its treasury shares.
1. Minutes of board meeting on purchase of treasury shares(1) Reason for pursuing purchase of treasury shares
To maintain flexible capital policy and increase the capital efficiency and return on equity(2) Details on purchase of treasury shares
1) Share type:
Common share2) Number of treasury shares:
Maximum of 1,500,000 shares (Within 3.7% of outstanding shares
excluding the treasury shares)
3) Value of treasury share:
Maximum of 1,800 million yen
4) Term for purchase:
From March 1, 2021 to February 28, 2022
5) Mode of purchase:
Direct trade through Tokyo Stock Exchange
2. Details on completed purchase of treasury shares(1) Share type:
Common share(2) Number of shares:
31,700 shares(3) Value of shares:
33 million yen(4) Buyback term:
From January 6, 2022 to January 18, 2022
(5) Mode of purchase:
Direct trade through Tokyo Stock Exchange
In line with above mentioned board decision, the status of purchase of treasury shares as of January 18,
2022 is as follow:(1) Number of treasury shares purchase completed:1,500,000 shares(2) Value of treasury shares purchase completed:
1,567 million yen
8

AIZAWA SECURITIES GROUP CO., LTD.

3. Supplementary information
Consolidated business results for the Nine months ended December 31, 2021
(1) Commission receivedA) Breakdown of commission received(million yen)

Nine months ended
December 31, 2020
(A)

Nine months ended
December 31, 2021
(B)

Change(B/A)

Consolidated fiscal year
ended March 31, 2021

5,903
5,808
―
94

4,384
4,315
―
69

74.3%
74.3%
―
72.8%

7,868
7,753
―
114

3

24 627.0%

4

2
0

23 781.2%
1 148.3%

3
1

498

1,379 276.6%

825

1,113
7,519

2,205 198.1%
7,994 106.3%

1,701
10,401

Brokerage commission
Equities
Bonds
Beneficiary securities
Commission from underwriting, secondary
distribution
andsolicitation
towards
professional investors
Equities
Bonds
Fee from offering, secondary distribution andsolicitation towards professional investors
Other fees received
Total
B)

Product wise breakdown(million yen)

Nine months ended
December 31, 2020
(A)

Equities
Bonds
Beneficiary securities
OthersTotal(2)Nine months ended
December 31, 2021
(B)

5,849
1
1,079
590
7,519

4,375
1
2,196
1,421
7,994

Change(B/A)

74.8%
123.1%
203.5%
240.9%
106.3%

Consolidated fiscal year
ended March 31, 2021

7,819
1
1,608
971
10,401

Net trading income(million yen)

Nine months ended
December 31, 2020
(A)

Nine months ended
December 31, 2021
(B)

Change(B/A)

Consolidated fiscal year
ended March 31, 2021

Equities etc.

3,641

3,490

95.9%

4,644

Bonds, forex etc.
Bonds etc.
forex etc.
Total

672
212
459
4,313

552
89
462
4,042

82.1%
42.2%
100.6%
93.7%

906
260
645
5,550

9

AIZAWA SECURITIES GROUP CO., LTD.

(3)

Comparative quarterly consolidated income statement(million yen)

FY 2021

Operating revenue
Commission received
Brokerage commission
Commission from underwriting, secondary
distribution and solicitation towards
professional investors
Fee from offering, secondary distribution andsolicitation towards professional investors
Other fees received
Net trading income
Financial revenue
OthersTotal operating revenue
Financial expenses
Other operating expenses
Net operating revenue

FY 2022

Third quarter

Fourth quarter

First quarter

Second quarter

Third quarter

ended
December 31

endedMarch 31

ended
June 30

ended
September 30

ended
December 31

2,564
1,925

2,881
1,964

2,395
1,378

2,887
1,502

2,771
1,503

1

1

3

3

18

209

326

425

491

463

428
1,567
100
22
4,255
20
6
4,228

588
1,237
99
23
4,241
20
8
4,212

589
1,115
103
43
3,657
16
15
3,625

890
1,410
108
51
4,457
19
20
4,417

726
1,516
105
65
4,399

603
2,133
302
550
97
107
△0
95
3,889
338

655
2,084
363
587
144
122
△0
124
4,083
128

579
1,930
421
528
141
88
0
131
3,821

721
2,173
473
781
143
92
△0
149
4,535

761
2,127
347
549
88
234

4,300
691
4,234

65
218
△24
728
25
678

△195
1,355
4
1,155
89
278
966

△117
76
80
△122
1,934
△277
2,089

108

308
21
626

Income tax expenses

1,088

355

46

764

333

ProfitProfit (loss) attributable to non-controllinginterests
Profit attributable to owners of parent

3,146

322

919

1,325

934

―

△1

△30

△9

△6

3,146

324

949

1,334

940

Selling, general and administrative expenses
Trading related expenses
Personnel expenses
Real estate expenses
Office expenses
Depreciation
Taxes and dues
Provision of allowance for doubtful accounts
OthersTotal selling, general and administrative expenses
Operating profit/loss(△)
Non-operating income
Non-operating expenses
Ordinary profit/loss(△)
Extraordinary income
Extraordinary losses
Profit before income taxes

10

27
31
4,341

△0
123
4,232
205
2
311
1,069
112
1,268