Sparx Group Co., Ltd. · TSE:8739

Sparx — Q3 FY2005 Earnings Presentation

20 slides from Sparx's earnings presentation, Feb 15, 2005

  1. Slide 1: 2005 Third Quarter Results

    2005 3 3 2005 2 15

  2. Slide 2: © 2005 SPARX Asset Management Co.,Ltd.

    © 2005 SPARX Asset Management Co.,Ltd. 2

  3. Slide 3: Summary of results and AUM

    © 2005 SPARX Asset Management Co.,Ltd. 3 2004 3 2005 3 3 3 (AUM) 4,290 4,597 7,329 +70.8% 8,082 11,117 11,590 +43.4% 3,510 4,429 4,725 +34.6% 4,572 6,687 6,864 +50.1% 4,473 6,678 6,777 +51.5% 2,191 3,380 3,340 +52.4% 103 101 124 +20.4% TOPIX 1,043 1,179 1,149 +8.2% 3

  4. Slide 4: Financial results by item

    © 2005 SPARX Asset Management Co.,Ltd. 2004 3 2005 3 3 3 3,349 4,753 5,856 +74.9% 0.87 0.89 0.89 +0.02 2,808 4,107 4,941 +76.0% 4,526 6,118 5,508 +21.7% AUM 61.7 58.5 58.3 -3.4% 206 244 225 +9.0% 8,082 11,117 11,590 +43.4% 4

  5. Slide 5: Revenue breakdown

    © 2005 SPARX Asset Management Co.,Ltd. 2004 3 2005 3 3 3 634 804 1,205 +89.9% 59 78 135 +127.7% 152 214 216 +42.0% 1,626 1,960 1,749 +7.6% 650 - 637 -1.9% 128 229 216 +68.2% 218 290 267 +22.3% 153 217 273 +78.6% 124 167 119 -4.0% 411 467 541 +31.5% 3,510 4,429 4,725 +34.6 5

  6. Slide 6: Staff and fund counts by category

    © 2005 SPARX Asset Management Co.,Ltd. 5 33 17 11 8 6 4 1 85 (+2) (+9) (+2) (+1) (+1) (+1) (-1) (+15) 0 0 9 2 0 0 0 0 11 (-1) (+2) (-1) 0 1 7 4 3 3 3 0 21 (-1) (+1) (+2) (+1) (+3) 0 0 3 1 1 0 1 0 6 (+3) (+1) (+1) (+1) (+6) 5 34 36 18 12 9 8 1 123 (+1) (+8) (+8) (+3) (+1) (+1) (+3) (-1) (+24) 6

  7. Slide 7: Balance sheet summary

    © 2005 SPARX Asset Management Co.,Ltd. 2004 3 2005 3 3 12 4,597 7,329 0.89 0.89 4,091 6,523 2,871 3,464 1,219 3,059 99 123 7

  8. Slide 8: AUM by client type

    © 2005 SPARX Asset Management Co.,Ltd. AUM) 2003 2004 2004 2004 2004 12 3 6 9 12 250 282 673 685 727 9.5% 949 1,049 1,292 1,327 1,338 17.4% 467 573 604 576 621 8.1% 1,766 2,483 3,024 2,734 2,870 37.4% 1,446 1,633 1,957 1,970 2,118 27.6% 5 6 6 6 5 0.0% 4,885 6,028 7,560 7,301 7,681 100% ( %) 55% 59%

  9. Slide 9: AUM changes by quarter

    © 2005 SPARX Asset Management Co.,Ltd. 2005 3 3 2004 3 6,028 1,953 -596 1,272 1,272 ++ 21.1 21.1 % % -84 2004 9 7,301 736 -405 379 379 ++ 5.2% 5.2% 48 2004 12 7,681 -1,000 1,000 3,000 5,000 7,000 9

  10. Slide 10: AUM changes by client category

    © 2005 SPARX Asset Management Co.,Ltd. 2004 3 12 2004 2004 2004 3 9 12 2,211 779 -290 39 2,739 211 -139 -21 2,789 346 59 -1 -9 395 0 -2 8 401 161 5 - -2 164 96 - -5 255 1,608 717 -55 -144 2,125 185 -69 128 2,370 1,246 285 -242 -25 1,264 136 -194 -17 1,189 388 106 - 62 557 106 - -43 620 66 - -6 -5 54

  11. Slide 11: Income statement detail

    © 2005 SPARX Asset Management Co.,Ltd. 2004 3 2005 3 3 3 4,290 4,597 7,329 +70.8% 3,032 4,601 4,042 +33.3% 324 326 898 +176.7% 78 96 30 -61.6% 60 60 209 +246.7% 21 21 30 +44.3% 1,009 1,012 297 -70.5% 4,526 6,118 5,508 +21.7% 11

  12. Slide 12: Distribution chart

    © 2005 SPARX Asset Management Co.,Ltd. 45.0% 40.0% 38.5 35.0% 30.0% 25.0% 22.4 19.9 20.0% 17.8 15.0% 10.0% 5.0% 1.4 0.0% 1 -3 4 -6 7 -9 10 - 12 12

  13. Slide 13: Performance versus JASDAQ and TOPIX

    © 2005 SPARX Asset Management Co.,Ltd. 2004 12 ( Lev.2) Lev.1 14.8 13.1 21.0 6.4 9.2 51.0 -2.0 5.7 0.8 -5.1 -2.8 22.4 16.8 7.4 20.2 11.5 12.0 28.6 JASDAQ TOPIX TOPIX TOPIX TOPIX TOPIX 97 5 97 4 97 8 2000 6 99 7 2003 2 ( ) 25.6% 26.8% 12.6% 6.4% 24.9% 20.0% 13

  14. Slide 14: Fund performance by strategy

    © 2005 SPARX Asset Management Co.,Ltd. 1. 100 SPARX Overseas, Ltd. SPARX Investment & Research, USA, Inc. 2. 2 ( Lev2) 1 ( Lev1) 2000 3 2001 3 2002 3 2003 3 2004 3 93.34 -25.25 -0.22 -25.58 78.06 104.83 -34.98 -10.21 -16.85 69.66 / Lev2 50.95 -4.20 9.68 -6.41 37.92 / Lev1 2.02 (10 ) 7.09 -7.30 29.30

  15. Slide 15: Comparison with the Mercer Japanese Equity Universe

    © 2005 SPARX Asset Management Co.,Ltd. Comparison with the Mercer Japanese Equity Universe Performance before fees for periods ended December 2004 Rates of Return(%) 30 19 8 -3 -14 3 Months (%) 1 Year (%) 2 Years (%pa) 3 Years (%pa) 5 Years (%pa) SPARX 5.2 (18) 21.9 (1) 29.2 (2) 12.2 (3) 0.4 (5) A 3

  16. Slide 16: AUM trend

    © 2005 SPARX Asset Management Co.,Ltd. 9000 8000 7,560 7,681 7,301 7000 6,028 6000 4,885 52% 54% 5000 55% 49% 4000 54% 3000 2000 1000 0 2003 12 2004 3 2004 6 2004 9 2004 12 16

  17. Slide 17: 2005 outlook

    © 2005 SPARX Asset Management Co.,Ltd. 2004 12 2005-01 2005 1 2 2 100 2005 2 17

  18. Slide 18: AUM by strategy

    © 2005 SPARX Asset Management Co.,Ltd. 2005 1 9,000 15% 16% 17% 8,000 7,000 16% 6,000 18% 5,000 35% 38% 36% 4,000 37% 3,000 39% 2,000 * 47% 49% 46% 46% 1,000 43% 0 2003 12 2004 3 2004 6 2004 9 2004 12 Long-only Long-Short Strategic, VCI, FoF, PE 18 1

  19. Slide 19: Cosmo Investment Management Co., Ltd.

    © 2005 SPARX Asset Management Co.,Ltd. Cosmo Investment Management Co., Ltd. Cosmo Investment Management Co., Ltd. 1999 1999 600 2005 1 524 1999 3 5 1999 3 6 2004 3 22 17 1999 3 11 4 9 2 3 2 2004 3 111 66 33 1 1999 3 19 2 2005 2 14 1 0.1

  20. Slide 20: Slide 20

SPARX Group — Q3 FY2005 Earnings Presentation on 6ix