Ichiyoshi Securities Co., Ltd. · TSE:8624
Ichiyoshi Securities — Q1 FY2013 Earnings Presentation
19 slides from Ichiyoshi Securities's earnings presentation, August 2012
Slide 1: IR Presentation for First quarter, year ending March 2013
Stock Code:8624 IR Presentation for First quarter, year ending March 2013 August 2012 Ichiyoshi Securities Co., Ltd.
Slide 2: 1
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Slide 3: 1. Profit & Loss
1. Profit & Loss ¥ million 2012/3 2013/3 Quarter-on- Year-on-Year 1Q 2Q 3Q 4Q 1Q Quarter Operating revenue 3,575 3,680 3,059 4,092 3,251 20.6 % 9.1 % Operating costs & expenses 3,693 3,511 3,544 3,708 3,593 3.1 % 2.7 % Current income 113 126 504 354 324 Extraordinary income 1 31 9 8 16.3 % 353.5 % E
Slide 4: 2. Financial Results
2. Financial Results 2012/3 2013/3 Quarter-on- Year-on-Year Quarter 1Q 2Q 3Q 4Q 1Q Total assets (¥mil.) 34,686 35,504 32,402 34,091 31,720 7.0 % 8.6 % Total net worth (¥mil.) 24,004 24,121 23,148 23,486 22,636 3.6 % 5.7 % Equity ratio ( ) 69.0 67.7 71.2 68.7 71.1 Net worth per share ( ¥ ) 544.84 548
Slide 5: 3. Balance Sheets
3. Balance Sheets ¥ million 2012/3 2013/3 Quarter-on- Year-on-Year 1Q 2Q 3Q 4Q 1Q Quarter Assets Current assets 26,734 27,574 24,656 26,469 24,299 8.2 % 9.1 % Fixed assets 7,952 7,929 7,746 7,622 7,421 2.6 % 6.7 % Total assets 34,686 35,504 32,402 34,091 31,720 7.0 % 8.6 % Liabilities Current liabil
Slide 6: 4. Breakdown of Net Operating Revenue
4. Breakdown of Net Operating Revenue ¥ million 2012/3 2013/3 Quarter-on- Year-on-Year 1Q 2Q 3Q 4Q 1Q Quarter Commission revenue 3,233 3,374 2,740 3,600 2,919 18.9 % 9.7 % Gains on trading 73 70 75 197 29 85.1 % 59.8 % Interest and dividend income 39 39 32 34 36 5.0 % 6.9 % Other operating revenue 2
Slide 7: 5. Breakdown of Gains on Trading
5. Breakdown of Gains on Trading ¥ million 2012/3 2013/3 Quarter-on- Year-on-Year 1Q 2Q 3Q 4Q 1Q Quarter Stocks 52 37 20 115 7 93.9 % 86.3 % Bonds Forex 21 32 55 81 22 72.6 % 4.8 % Bonds 56 33 51 64 22 64.3% 59.1% Forex 34 0 3 17 0 Total 73 70 75 197 29 85.1 % 59.8 % 6
Slide 8: 6. Breakdown of Commission Revenue
6. Breakdown of Commission Revenue ¥ million 2012/3 2013/3 Quarter-on- Year-on-Year 1Q 2Q 3Q 4Q 1Q Quarter Brokerage Stocks 929 939 734 1,294 847 34.6 % 8.9 % Distribution Investment trust 924 1,161 980 1,290 1,051 18.5 % 13.8 % Underwriting IPO 1 4 25 2 1 28.8 % 45.4 % PO 217 151 5 8 Total 218 155
Slide 9: 7. Operating Cost and Expenses
7. Operating Cost and Expenses ¥ million 2012/3 2013/3 Quarter-on- Year-on- 1Q 2Q 3Q 4Q 1Q Quarter Year Transaction related expenses 364 298 342 394 362 8.1 % 0.4 % Personnel expenses 1,966 1,936 1,909 1,967 1,924 2.2 % 2.1 % Property related expenses 431 409 421 410 409 0.4 % 5.1 % Clerical expense
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Slide 11: 1. Customer Assets under Custody
1. Customer Assets under Custody (¥100 mil.) 15,000 13,467 13,250 12,837 12,843 12,744 13,000 12,511 996 954 1,026 998 11,948 863 1,014 11,554 11,786 860 808 808 11,000 859 5,465 5,814 5,263 5,684 5,238 9,000 5,267 5,734 4,985 5,173 7,000 5,000 6,230 6,548 6,380 6,657 5,850 6,147 6,612 5,710 5,805 3
Slide 12: 2. Cash and Securities Receipts/Withdrawals/Net Increase
2. Cash and Securities Receipts/ Cash and Securities Withdrawals/ Net Increase (Monthly Average) ¥100 mil. 200 Cash and securities receipts Cash and securities withdrawals Net increase (loss) 100 86 76 83 78 68 73 67 59 50 6 0 -19 -12 -20 -19 -20 -30 -30 -62 -77 -79 -100 -88 -93 -98 -105 -97 -97 -11
Slide 13: 3. Subscription/Redemption/Net Increase of Investment Trusts
3. Subscription/ Redemption/ Net Increase of Investment Trusts (Monthly Average) ¥100 mil. 300 Amount of subscription Amount of redemption Net increase (loss) 232 203 200 188 171 145 155 112 116 100 85 22 35 20 42 22 5 13 12 0 -31 -51 -100 -90 -94 -113 -125 -200 -176 -198 -202 -219 -300 11/1Q 11/2Q
Slide 14: 4. Top Best Selling Investment Trusts
4. Top 5 Best Selling Investment Trusts (Total Amounts of 3 Months) ¥ 100 mil. 20113 2012/3 2013/3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q BAM World Bond & Currency Fund 195 211 LM Australia Monthly Dividend Fund 99 125 83 Global REIT Open 39 165 148 100 65 75 105 66 US Manufacturer Stock Fund 51 HSBC New Leader
Slide 15: 5. Trend of Investment Trust Trailer Fee and its Cost Coverage
5. Trend of Investment Trust Trailer Fee and its Cost Coverage (Monthly Average/Parent Company Basis) ¥mil. % 500 Investment trust trailer fee (left axis) 50 Cost coverage ratio (right axis) Investment trust trailer fee Cost coverage ratio Operating expense 400 : Wrap-account management fee is inclu
Slide 16: 6. Number of Customer Accounts (Retail)
6. Number of Customer Accounts (Retail) \ Accounts 164,728 Accounts 163,191 162,784 162,338 164,065 161,177 45,000 160,000 155,888 155,318 154,355 140,000 35,000 120,000 31,545 30,179 30,895 29,467 30,096 29,668 27,646 26,761 27,510 25,000 100,000 80,000 15,000 11/1Q 11/2Q 11/3Q 11/4Q 12/1Q 12/2Q 12
Slide 17: 7. Number of New Customer Accounts and Ratio of Referrals (Retail)
7. Number of New Customer Accounts and Ratio of Referrals (Retail) Accounts 600 New customer accounts Ratio of referrals (%) 397 400 381 367 355 353 340 341 332 314 316 291 259 261 244 247 200 47.4 45.3 38.5 39.0 40.8 43.9 37.8 36.7 41.2 38.0 % 35.8 38.3 33.6 37.2 27.4 0 y y t. r. r. g. v. b. 1 n. l
Slide 18: 8. Accumulated Number of Companies Lead- and Co-managed
8. Accumulated Number of Companies Lead- and Co-managed (Companies) (Companies) 1000 No. of companies lead- and co-managed (left axis) 40 Of which, no. of companies lead-managed (accumulative) (right axis) 900 830 830 831 832 833 836 843 846 848 35 800 30 700 29 27 27 27 27 27 27 27 27 25 600 500 20
Slide 19: Disclaimer
Disclaimer This document is produced by Ichiyoshi Securities Co., Ltd. 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 Ichiyoshi Securities Co., Ltd. This presentation is based on Japanese a
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