Ichiyoshi Securities Co., Ltd. · TSE:8624
Ichiyoshi Securities — FY2018 Earnings Presentation
20 slides from Ichiyoshi Securities's earnings presentation, April 2019
Slide 1: IR Presentation for Fiscal year ended March 2019
Stock Code：8624 IR Presentation for Fiscal year ended March 2019 Ichiyoshi Securities Co., Ltd. April, 2019
Slide 2: Business Result (Consolidated)
Ⅰ: Business Result (Consolidated) * Effective as from the first quarter of fiscal 2018, the “Partial Amendment to Accounting Standards Relating to Tax Effect Accounting” (Corporate Accounting Standards No. 28 dated February 16, 2018) and adjustments related thereto have been applied. Assets and liab
Slide 3: Profit and Loss
1. Profit and Loss ◆ Operating revenue amounted to 21,227 million yen, a decrease of 5,274 million yen (down 19.9%) from the year-earlier period. ◆ Current income amounted to 2,238 million yen, a decrease of 4,990 million yen (down 69.0%) from the year-earlier period. ◆ Net income attributable to ow
Slide 4: Breakdown of Net Operating Revenue
2. Breakdown of Net Operating Revenue ◆ Commissions amounted to 19,205 million yen, a decrease of 5,410 million yen (down 22.0%) from the year-earlier period, mainly as commissions from distribution and brokerage declined. (JPY mil.) (JPY mil.) Year-on- Year-on- FY2018 FY 2017 FY 2018 year (%) year
Slide 5: Breakdown of Commission Revenue
3. Breakdown of Commission Revenue ◆ Brokerage commissions on stocks amounted to 7,020 million yen, a decrease of 2,610 million yen (down 27.1%) from the year-earlier period. Commissions from distribution of investment trusts amounted to 3,881 million yen, a decrease of 2,823 million yen (down 42.1%
Slide 6: Breakdown of Gains on Trading
4. Breakdown of Gains on Trading ◆ Gains on trading amounted to 125 million yen, an increase of 2 million yen (up 1.6%) from the year-earlier period, chiefly as gains on trading of Forex, etc. rose. (JPY mil.) (JPY mil.) 2019/3 Year-on- Year-on- FY 2017 FY 2018 year (%) year 1Q 2Q 3Q 4Q Stocks, etc.
Slide 7: Operating Cost and Expenses
5. Operating Cost and Expenses ◆ Operating cost and expenses amounted to 17,713 million yen, a decrease of 215 million yen (down 1.2%) from the year- earlier period, mainly as personnel expenses and public charges declined. (JPY mil.) (JPY mil.) Year-on- Year-on- 20,000 FY 2017 FY 2018 year (%) year
Slide 8: Balance Sheets/Financial Result
6. Balance Sheets/Financial Result Balance Sheets Financial Result (JPY mil.) Total Assets 70,000 Fixed Fixed assets assets Current Current assets assets Change from 58,590 FY 2018 60,000 FY 2017 end. 50,000 48,544 Increase of cash and Equity ratio 40,000 Deposits 71.2 9.2 (%) 52,034 Decrease in mar
Slide 9: Business Circumstances
II : Business Circumstances
Slide 10: Commission Revenue
1. Commission Revenue (JPY mil.) 8,000 Investment trusts (trailer fees, etc.) Distribution Brokerage Underwriting and others 6,883 7,000 518 6,259 6,096 6,000 469 439 5,376 5,389 5,104 5,202 183 325 5,000 4,808 315 4,843 313 2,784 4,590 457 4,354 2,230 2,477 486 291 237 2,137 3,769 4,000 2,167 1,901
Slide 11: Customer Assets in Custody
2. Customer Assets in Custody (JPY 100 mil.) Investment trusts Stocks Others 19,740 20,000 19,665 19,400 19,171 897 998 538 433 17,750 17,929 18,000 17,479 450 588 16,504 565 15,902 16,000 508 1,076 14,777 14,306 13,697 642 14,000 9,574 13,467 1,069 9,947 10,175 11,303 1,142 996 12,744 9,252 8,974 9
Slide 12: 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 18,897 538 539 564 18,150 17,929 17,754 634 18,000 17,479 533 16,971 588 16,532 464 16,412 565 575 16,000 441 451 10,748 14,000 10,175 10,195 10,116 9,773 9,362 9,470
Slide 13: Trend of Investment Trust Trailer Fee and Its Cost Coverage
4. Trend of Investment Trust Trailer Fee and Its Cost Coverage (Average Monthly) Parent company Consolidated Investment trust trailer fee ＋ wrap-account fee basis Note: Cost coverage ratio ＝ × 100 (%) basis Cost (operating cost & expenses) (JPY mil.) 1,600 Cost (left axis) 45% 1,529 1,497 1,494 1,47
Slide 14: Quarterly Trend of Investment Trust Trailer Fee and Cost Coverage
5. Quarterly Trend of Investment Trust Trailer Fee and Its Cost Coverage Investment trust trailer fee ＋ wrap-account fee Note: Cost coverage ratio ＝ X 100 (%) Cost (operating cost & expenses) (JPY mil.) Cost (left axis) Investmenmt trust trailer fee + wrap-account fee (left axis) Cost coverage ratio
Slide 15: Top Best Selling Investment Trust Funds (3 Months)
6. Top 5 Best Selling Investment Trust Funds (Total Amounts of 3 Months) (JPY 100 mil.) FY 2016 FY 2017 FY 2018 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Shinko J-REIT Open 74 64 31 45 38 56 79 133 84 61 Ichiyoshi Mid-Small Cap Growth Equity Fund 90 107 149 116 199 230 181 121 43 40 Pictet Global Income E
Slide 16: 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) 50,000 180,000 166,049 165,228 164,870 163,383 161,983 161,645 161,431 160,491 159,172 157,897 157,679 156,
Slide 17: 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 1,877 1,800 1,762 1,681 1,600 1,387 1,400 1,200 1,105 1,007 991 1,000 937 908 863 837 800 772 764 755 725 658 34.8% 619 600 30.3% 31.3% 558 26.2% 25.8% 21.9% 2
Slide 18: 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 Of which, number of accumlated companies lead-managed (right-hand scale) 1,082 1,044 1,013 60 1,000 980 940 905 52 869 50 832 846 812 821 828 50 800 783 45 743 4
Slide 19: 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) 60 Of which, number of accumlated companies lead-managed (right-hand scale) 1,071 1,082 1,053 1,060 1,040 1,044 1,013 1,017 1,027 993 1,002 1,000 984 52
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