January 23, 2012
SMBC Nikko Securities Inc.

(Correction) Correction in the Financial Summary and Earnings Announcement

SMBC Nikko Securities Inc. announced today correction in the earnings releases as follows. This
correction does not affect financial statements.
The corrected portions are underlined in the document.

Corrected Materials
Financial Summary
・ Non-consolidated Financial Summary for the year ended March 31, 2011 (JGAAP)(announced on April 27, 2011)
・ Consolidated Financial Results for the Three Months ended June 30, 2011 (JGAAP)(announced on July 27, 2011)
・ Consolidated Financial Results for the Six Months ended September 30, 2011 (JGAAP)(announced on October 25, 2011)

Earnings Announcement
・ Earnings Announcement for the year ended March 2011 (JGAAP)(announced on April 27, 2011)
・ Earnings Announcement for First Quarter of FY ending March 2012 (JGAAP)(announced on July 27, 2011)
・ Earnings Announcement for Second Quarter of FY ending March 2012 (JGAAP)(announced on October 25, 2011)###<Non-consolidated Financial Summary for the year ended March 31, 2011 (JGAAP)>
Summary Information
1. Overall business performance for the year ended March 31, 2011
(2) Financial conditions(Before correction)(Millions of Yen except for percentages)
Total assets

Net assets

Equity ratio

Capital adequacy ratio

FY20107,921,710

439,2105.5%

520.0%

FY20096,853,539

416,3776.1%

566.9%(After correction)(Millions of Yen except for percentages)
Total assets

Net assets

Equity ratio

FY20107,921,710

439,2105.5%

518.8%

FY20096,853,539

416,3776.1%

566.9%

Page 3I. Operating Results and Financial Conditions
2. Financial Conditions(Before correction)
Capital adequacy ratio was 520.0 % at the end of March, 2011.
(After correction)
Capital adequacy ratio was 518.8 % at the end of March, 2011.

2

Capital adequacy ratio

Page 11
III. Supplementary Information
5. Capital Adequacy Ratio(Before correction)
Mar. 31, 2011
Basic items

Supplementary items

Deductible assets
Net capital
Risk total

Capital adequacy ratio

Total capital(A)
Valuation difference on availablefor-sale securities, etc.
Reserves under the special laws
Allowance for doubtful accounts
Short-term subordinatedborrowings
Sub-total(B)(C)(A) + (B) - (C)(D)
Market Risk
Counterparty Risk
Basic Risk
Sub-total(E)(D) / (E)*100( Millions of Yen)
Mar. 31, 2010

438,664

414,888

546

1,489

69
71

34
31

200,000

200,000

200,686
225,181
414,169
27,165
11,98040,48979,635520.0 %

201,554
232,228
384,214
21,541
12,38533,84567,772566.9 %

(After correction)
Mar. 31, 2011
Basic items

Supplementary items

Deductible assets
Net capital
Risk total

Capital adequacy ratio

Total capital(A)
Valuation difference on availablefor-sale securities, etc.
Reserves under the special laws
Allowance for doubtful accounts
Short-term subordinatedborrowings
Sub-total(B)(C)(A) + (B) - (C)(D)
Market Risk
Counterparty Risk
Basic Risk
Sub-total(E)(D) / (E)*1003( Millions of Yen)
Mar. 31, 2010

438,664

414,888

546

1,489

69
71

34
31

200,000

200,000

200,686
225,181
414,169
27,311
12,01740,48979,817518.8 %

201,554
232,228
384,214
21,541
12,38533,84567,772566.9 %

<Consolidated Financial Results for the Three Months ended June 30, 2011 (JGAAP)>
Page 15
V. Non-consolidated Financial Statements
3. Capital Adequacy Ratio (on a stand-alone basis)(Before correction)(Millions of yen)
Basic items

Supplementary items

Deductible assets
Net capital
Risk total

Capital adequacy ratio

Total capital
Valuation difference on available-for-salesecurities, etc.
Reserves under the special laws
Allowance for doubtful accounts
Short-term subordinated borrowings
Sub-total(A) + (B) - (C)Market Risk
Counterparty Risk
Basic Risk
Sub-total(D) / (E)*100(A)(B)
(C)
(D)

(E)

March 31, 2011

June 30, 2011

438,664

441,535

546

-

69
71
200,000
200,686
225,181
414,169
27,165
11,98040,48979,635520.0%

7584
200,000
200,159
224,339
417,356
32,061
12,31743,22887,607476.3%March 31, 2011

June 30, 2011

438,664

441,535

546

-

69
71
200,000
200,686
225,181
414,169
27,311
12,01740,48979,817518.8%

7584
200,000
200,159
224,339
417,356
32,172
12,37043,22887,771475.5%(After correction)(Millions of yen)
Basic items

Supplementary items

Deductible assets
Net capital
Risk total

Capital adequacy ratio

Total capital
Valuation difference on available-for-salesecurities, etc.
Reserves under the special laws
Allowance for doubtful accounts
Short-term subordinated borrowings
Sub-total(A) + (B) - (C)Market Risk
Counterparty Risk
Basic Risk
Sub-total(D) / (E)*100

4(A)

(B)
(C)
(D)

(E)

<Consolidated Financial Results for the Six Months ended September 30, 2011 (JGAAP)>
Page 15
V. Non-consolidated Financial Statements
3. Capital Adequacy Ratio (on a stand-alone basis)(Before correction)(Millions of yen)
Basic items

Supplementary items

Deductible assets
Net capital
Risk total

Capital adequacy ratio

Total capital
Valuation difference on available-for-salesecurities, etc.
Reserves under the special laws
Allowance for doubtful accounts
Short-term subordinated borrowings
Sub-total(A) + (B) - (C)Market Risk
Counterparty Risk
Basic Risk
Sub-total(D) / (E)*100

(A)

(B)
(C)
(D)

(E)

March 31, 2011

September 30, 2011

438,664446,712

546

-69
71
200,000
200,686
225,181
414,169
27,165
11,98040,48979,635520.0%

45
81
200,000
200,126
208,227
438,61033,367
12,47944,03989,885487.9%March 31, 2011

September 30, 2011

438,664446,712

546

-69
71
200,000
200,686
225,181
414,169
27,311
12,01740,48979,817518.8%

45
81
200,000
200,126
208,227
438,61033,493
12,54344,03990,076486.9%(After correction)(Millions of yen)
Basic items

Supplementary items

Deductible assets
Net capital
Risk total

Capital adequacy ratio

Total capital
Valuation difference on available-for-salesecurities, etc.
Reserves under the special laws
Allowance for doubtful accounts
Short-term subordinated borrowings
Sub-total(A) + (B) - (C)Market Risk
Counterparty Risk
Basic Risk
Sub-total(D) / (E)*1005(A)

(B)
(C)
(D)

(E)

<Earnings Announcement for the year ended March 2011 (JGAAP)>
Page 2Highlights of business results for fiscal year ended March 2011
(Before correction)(After correction)

Page 3Highlights of business results for the 4Q of fiscal year ended March 2011
(Before correction)
Billions of yen

FY endedMar. 2011 3Q

FY endedMar. 2011 4Q

Q on Q (%)

Operating revenue56.6

50.5-11%

Net operating revenue

53.2

47.2-11%

SG&A

41.8

43.23%

Ordinary income / loss

10.7

4.9-54%

Net income / loss

5.8

1.5-74%

Dec.-end '10

Mar.-end '11Variance

7.7 T

7.9 T

0.1 T

437.5 B

439.2 B

+1.6 B

537%

520%-17 ptBillions of yen

FY endedMar. 2011 3Q

FY endedMar. 2011 4Q

Q on Q (%)

Operating revenue

56.6

50.5-11%

Net operating revenue

53.2

47.2-11%

SG&A

41.8

43.23%

Ordinary income / loss

10.7

4.9-54%

Net income / loss

5.81.5-74%

Dec.-end '10

Mar.-end '11

Variance

7.7 T

7.9 T

0.1 T

437.5 B

439.2 B

+16.0 B

537%

519%

-19 ptTotal assets
Total net assets
Capital Adequacy Ratio(After correction)

Total assets
Total net assets
Capital Adequacy Ratio

6

Page 14
Balance sheet / Capital Adequacy Ratio(Before correction)(Billion of Yen)

Dec.10Mar.11

Basic items

436.8

438.6

1.7

Supplementary items
Deductible assets
Net capital

200.7
218.7
418.8

-0.0
6.4
-4.7

Risk total

77.9

200.6
225.1
414.1
79.6

Market Risk

26.9

27.1

0.2

Counterparty Risk

12.5

11.9

-0.5

Basic Risk

38.4

40.4

2.0

Capital Adequacy Ratio

537%

520%

-17pt

Variance

1.7(After correction)(Billion of Yen)

Dec.10Mar.11

Basic items

436.8

438.6

1.7

Supplementary items
Deductible assets
Net capital

200.7
218.7
418.8

200.6
225.1
414.1

-0.0
6.4
-4.7

Risk total

77.9

79.8

1.8

Market Risk

26.9

27.3

0.4

Counterparty Risk

12.5

12.0

-0.5

Basic Risk

38.4

40.4

2.0

Capital Adequacy Ratio

537%

519%

-19pt

7Variance<Earnings Announcement for First Quarter of FY ending March 2012 (JGAAP)>
Page 12
Consolidated Balance sheet / Capital Adequacy Ratio(Before correction)【on a stand-alone basis】(Billions of Yen)

Mar.11

Jun.11

Basic items

438.6

441.5

2.8

Supplementary items
Deductible assets
Net capital

200.1
224.3
417.3

-0.5
-0.8
3.1

Risk total

200.6
225.1
414.1
79.6

87.6

7.9

Market Risk

27.1

32.0

4.8

Counterparty Risk

11.9

12.3

0.3

Basic Risk

40.4

43.2

2.7

Capital Adequacy Ratio

520%

476%

-44pt

Variance(After correction)【on a stand-alone basis】(Billions of Yen)

Mar.11

Jun.11

Basic items

438.6

441.5

2.8

Supplementary items
Deductible assets
Net capital

200.6
225.1
414.1

-0.5
-0.8
3.1

Risk total

79.8

200.1
224.3
417.3
87.7

Market Risk

27.3

32.1

4.8

Counterparty Risk

12.0

12.3

0.3

Basic Risk

40.4

43.2

2.7

Capital Adequacy Ratio

519%

476%

-43pt

8Variance

7.9

<Earnings Announcement for Second Quarter of FY ending March 2012 (JGAAP)>
Page 2
Summary of business results for the 1st half of FY ending March 2012
(Before correction)(After correction)

Page 12
Consolidated Balance sheet / Capital Adequacy Ratio(Before correction)【on a stand-alone basis】(Billions of Yen)

Jun.11

Sep.11

Basic items

441.5

446.7

+5.1

Supplementary items
Deductible assets
Net capital

200.1
224.3
417.3

200.1
208.2
438.6

Risk total

87.6

89.8

-0.0
-16.1
+21.2+2.2

Market Risk

32.0

33.3

+1.3

Counterparty Risk

12.3

12.4

+0.1

Basic Risk

43.2

44.0+0.8

Capital Adequacy Ratio

476%

488%

+12 ptVariance(After correction)【on a stand-alone basis】(Billions of Yen)

Jun.11

Sep.11

Basic items

441.5

446.7

+5.1

Supplementary items
Deductible assets
Net capital

200.1
224.3
417.3

200.1
208.2
438.6

Risk total

87.7

90.0

-0.0
-16.1
+21.2+2.3

Market Risk

32.1

33.4

+1.3

Counterparty Risk

12.3

12.5+0.1

Basic Risk

43.2

44.0+0.8

Capital Adequacy Ratio

476%

487%

+11 pt9Variance