Ichiyoshi Securities Co., Ltd. · TSE:8624
Ichiyoshi Securities — Q2 FY2020 Earnings Presentation
20 slides from Ichiyoshi Securities's earnings presentation, Oct 29, 2020
Slide 1: IR Presentation for Second quarter, year ending March 2021
Stock Code：8624 IR Presentation for Second quarter, year ending March 2021 Ichiyoshi Securities Co., Ltd. October, 2020
Slide 2: Ⅰ: Business Result (Consolidated)
Ⅰ: Business Result (Consolidated)
Slide 3: 1. Profit and Loss
1. Profit and Loss ◆ Operating revenue amounted to 8,770 million yen, a decrease of 669 million yen (down 7.1%) from the year-earlier period. ◆ Current income: loss of 377 million yen. ◆ Net income attributable to owners of parent: loss of 342 million yen. (JPY mil.) (JPY mil.) FY 2019 FY 2020 Year-
Slide 4: 2. Breakdown of Net Operating Revenue
2. Breakdown of Net Operating Revenue ◆ Commissions amounted to 7,825 million yen, a decrease of 592 million yen (down 7.0%) from the year-earlier period, mainly decreased in commissions from distribution of investment trusts and other sources(mainly trailer fees on investment trusts). (JPY mil.) (J
Slide 5: 3. Breakdown of Commission Revenue
3. Breakdown of Commission Revenue ◆ Brokerage commissions on stocks amounted to 2,613 million yen, an increase of 215 million yen (up 9.0%) from the year-earlier period. Commissions from distribution of investment trusts amounted to 1,425 million yen, a decrease of 633 million yen (down 30.8%) from
Slide 6: 4. Breakdown of Gains or loss on Trading
4. Breakdown of Gains or loss on Trading ◆ Net gains on trading amounted to 52 million yen, an increase of 27 million yen (up 105.9%) from the year-earlier period, chiefly as net trading income on stocks increased. (JPY mil.) (JPY mil.) FY 2019 FY 2020 FY 2019 FY 2020 Year-on- Year-on- 2Q 2Q year (%
Slide 7: 5. Operating Cost and Expenses
5. Operating Cost and Expenses ◆ Operating cost and expenses amounted to 8,397 million yen, a decrease of 603 million yen (down 6.7%) from the year- earlier period, mainly decreased in personnel expenses. (JPY mil.) (JPY mil.) 10,000 FY 2019 FY 2020 Year-on- Year-on- 9,000 2Q 2Q year (%) year 346 8,
Slide 8: 6. Balance Sheets/Financial Result
6. Balance Sheets/Financial Result Balance Sheets Financial Result Total Assets (JPY mil.) Fixed assets Current assets 50,000 43,530 44,642 Change from FY 2020 2Q 40,000 FY 2019 end. 30,000 Equity ratio 62.4 -3.5 38,181 Increase in cash and (%) 36,862 deposits 20,000 Net worth per share (JPY) 773.85
Slide 9: Ⅱ: Business Circumstances
II : Business Circumstances
Slide 10: 1. Commission Revenue
1. Commission Revenue (JPY mil.) 6,000 Investment trusts (trailer fees, etc.) Distribution Brokerage Underwriting and others 5,389 5,202 325 5,000 315 4,843 486 4,352 4,293 4,124 4,074 4,136 346 615 4,000 2,167 1,901 3,769 242 286 418 3,689 292 1,704 306 1,116 1,281 1,163 1,183 3,000 1,353 1,247 1,2
Slide 11: 2. Customer Assets in Custody
2. Customer Assets in Custody Investment trusts Stocks Others (JPY 100 mil.) 19,740 19,665 20,000 19,171 19,400 897 998 538 18,446 433 17,750 17,929 18,000 17,479 764 450 588 16,504 565 15,902 16,000 508 15,360 1,076 14,777 14,306 601 13,697 13,467 642 14,000 9,574 1,069 9,947 10,175 11,303 1,142 99
Slide 12: 3. Quarterly Customer Assets in Custody
3. Quarterly Customer Assets in Custody (JPY 100 mil.) Investment trusts Stocks Others 22,000 20,329 19,400 19,395 19,627 20,000 556 18,897 18,823 538 539 564 18,446 18,150 17,929 17,963 634 569 18,000 17,535 17,305 764 533 16,971 588 552 558 575 809 16,000 15,360 601 10,748 14,000 10,175 10,195 10,
Slide 13: 4. Trend of Investment Trust Trailer Fees and Its Cost Coverage
4. Trend of Investment Trust Trailer Fees and Its Cost Coverage (Month-end Average) Parent company Consolidated Investment trust trailer fees ＋ wrap-account fees basis basis Note: Cost coverage ratio ＝ × 100 (%) Cost (operating cost & expenses) (JPY mil.) 1,600 Cost (left axis) 45% 1,529 1,497 1,494
Slide 14: 5. Quarterly Trend of Investment Trust Trailer Fees and Its Cost Coverage
5. Quarterly Trend of Investment Trust Trailer Fees and Its Cost Coverage Investment trust trailer fees ＋ wrap-account fees Note: Cost coverage ratio ＝ × 100 (%) Cost (operating cost & expenses) (JPY mil.) Cost (left axis) Investment trust trailer fees + wrap-account fees (left axis) Cost coverage r
Slide 15: 6. Top Best Selling Investment Trust Funds (Total Amounts of 3 Months)
6. Top 5 Best Selling Investment Trust Funds (Total Amounts of 3 Months) (JPY 100 mil.) FY 2018 FY 2019 FY 2020 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q Ichiyoshi SDGs Small Medium Size Equity Fund 84 US NASDAQ Open (A/B) 26 36 Pictet Global Income Equity Fund (Monthly Dividend) 17 35 39 38 78 116 93 80 43 35
Slide 16: 7. Number of Customer Accounts【Retail】
7. Number of Customer Accounts 【Retail】 (Accounts) (Accounts) Total No. of accounts of assets in custody (left-hand scale) 200,000 No. of accounts with more than JPY 10 mil. (right-hand scale) 50,000 180,000 159,172 157,679 157,897 156,608 156,863 157,123 160,000 156,513 156,200 156,201 156,044 40,0
Slide 17: 8. Number of New Customer Accounts and Ratio of Referrals【Retail】
8. Number of New Customer Accounts and Ratio of Referrals【Retail】 (Accounts) New customer accounts Through referral Ratio of referrals 2,000 1,800 1,741 1,729 1,683 1,600 1,400 1,273 1,200 1,171 1,095 1,049 1,000 878 800 738 706 694 713 699 678 634 639 600 36.7% 36.5% 39.2% 37.8% 45.0% 513 35.1% 35.
Slide 18: 9. Accumulated Companies Lead- and Co-managed
9. Accumulated Companies Lead- and Co-managed (Companies) (Companies) 1,200 Accumulated companies lead-and co-managed (left-hand scale) 70 1,132 Of which, number of accumlated companies lead-managed (right-hand scale) 1,117 1,082 1,044 1,013 58 60 1,000 980 56 940 905 52 869 50 832 846 812 821 828 5
Slide 19: 10. Quarterly Accumulated Companies Lead- and Co-managed
10. Quarterly Accumulated Companies Lead- and Co-managed (Companies) (Companies) 1,200 Accumulated companies lead-and co-managed (left-hand scale) 65 Of which, number of accumlated companies lead-managed (right-hand scale) 1,150 1,132 1,117 1,120 60 1,106 1,100 1,094 1,087 1,082 58 1,071 1,060 1,053
Slide 20: Disclaimer
Disclaimer ・This document is produced by Ichiyoshi Securities Co., Ltd. (the “Company”), and nothing in this document shall be considered as an offer to sell or solicit an offer to buy any security, or other instrument, including securities issued by the Company. ・This document is based on Japanese
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