Slide 1: Databook: Financial Results for the Fiscal Year Ending March 31, 2015
April 30, 2015 (TSE 1st Section: 8698) DATABOOK Financial Results for the Fiscal Year Ending March 31, 2015 This is an English translation of Japanese presentation material prepared in connection with the disclosure of the financial results of Monex Group, Inc. It includes information derived from t
Slide 2: Table of Contents
Table of Contents [Data Book] Table of Contents p. 1 1. Market & Transaction Data p. 2 - p.12 2. Financial Data p. 13 - p.31 1
Slide 3: 1. Market & Transaction Data
1. Market & Transaction Data 2. Financial Data 2
Slide 4: Market and Transaction Data (1) – Customers’ Assets in Custody
Market and Transaction Data (1) – Customers’ Assets in Custody (mil yen) Japan Segment U.S. Segment China Segment 4,000,000 3,000,000 2,000,000 1,000,000 0 As of As of As of As of As of As of As of As of As of Mar.31, 2013 Jun.30, 2013 Sep.30, 2013 Dec.31, 2013 Mar.31, 2014 Jun.30, 2014 Sep.30, 2014
Slide 5: Market and Transaction Data (2) – Number of Employees
Market and Transaction Data (2) – Number of Employees (person） Japan Segment U.S. Segment China Segment 1,200 800 400 0 As of As of As of As of As of As of As of As of As of Mar.31, 2013 Jun.30, 2013 Sep.30, 2013 Dec.31, 2013 Mar.31, 2014 Jun.30, 2014 Sep.30, 2014 Dec.31, 2014 Mar.31, 2015 (person）
Slide 6: Market and Transaction Data (3) – Japan Segment - Monex, Inc. (Number of accounts)
Market and Transaction Data (3) – Japan Segment - Monex, Inc. (Number of accounts) ◆Number of total accounts & active accounts (account） Total accounts Active accounts 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 As of Mar. 31, As of Jun. 30, As of Sep. 30, As of Dec. 31, As of Ma
Slide 7: Market and Transaction Data (4) Japan Segment - Monex, Inc. (Equities)
Market and Transaction Data (4) Japan Segment - Monex, Inc. (Equities) ◆Market share and value of equity trading ◆ Breakdown of DARTs and market trading value Monex’s share in retail trading value of 2 major stock exchanges and Futures and Options DARTs (left) (100mil yen ) its equity trading values
Slide 8: Market and Transaction Data (5) Japan Segment - Monex, Inc. (Mutual Funds & Bonds)
Market and Transaction Data (5) Japan Segment - Monex, Inc. (Mutual Funds & Bonds) ◆Mutual Funds (Sales and Balance) ◆Fixed Income Businesses (Sales of non-domestic bonds) (mil yen ) (mil yen ) (mil yen ) Sales of Investment Trusts(no‐load) (left) Monex Group's Bond 70,000 Sales of Investment Trusts
Slide 9: Market and Transaction Data (6) Japan Segment – Monex, Inc. (Customer distribution)
Market and Transaction Data (6) Japan Segment – Monex, Inc. (Customer distribution) ◆Active accounts by gender and age ◆Active accounts by occupation Corporate Professional Corporation executive (e.g. Doctor) All accounts Accounts opened within a year 35% 35% Homemaker Civil servant Self-employed 30
Slide 10: Market and Transaction Data (7) Japan Segment - Monex, Inc. (Capital Adequacy Ratio)
Market and Transaction Data (7) Japan Segment - Monex, Inc. (Capital Adequacy Ratio) ◆Capital adequacy ratio (mil yen) 60,000 600% Risk asset amount（left） Non-fixed capital （left） Capital adequacy ratio（right） 50,000 500% 40,000 400% 30,000 300% 20,000 200% 10,000 100% 0 0% As of As of As of As of A
Slide 11: Market and Transaction Data (8) U.S. Segment – TradeStation Group
Market and Transaction Data (8) U.S. Segment – TradeStation Group ◆ DARTs and VIX(*) （thousand） 140 Futures DARTs(left) Options DARTs(left) Equities DARTs(left) Vix Close Avg. (right) 18 16 120 14 100 12 80 10 60 8 6 40 4 20 2 0 0 4Q of FYE 1Q of FYE 2Q of FYE 3Q of FYE 4Q of FYE 1Q of FYE 2Q of FYE
Slide 12: Market and Transaction Data (9) China Segment - Monex BOOM Securities
Market and Transaction Data (9) China Segment - Monex BOOM Securities ◆ Numbers of active accounts ◆ DARTs (account) 1,600 10,000 1,400 8,000 1,200 1,000 6,000 800 4,000 600 400 2,000 200 0 0 As of Mar. As of Jun. As of Sep. As of Dec. As of Mar. As of Jun. As of Sep. As of Dec. As of Mar. 4Q of FYE
Slide 13: Market and Transaction Data (10) Global FX
Market and Transaction Data (10) Global FX ◆OTC FX business in Japan (Monex, Inc. and Monex FX, Inc.) ◆OTC FX business in U.S. (TradeStation Group) （mil yen） （100mil yen） (thousand USD） （100mil USD） 2,000 200,000 Commissions(left) Trading revenue(left) 10,000 1,000 Trading value (right) Trading reve
Slide 14: 2. Financial Data
1. Market & Transaction Data 2. Financial Data 13
Slide 15: Significant impact of difference between IFRSs and JGAAP
Significant impact of difference between IFRSs and JGAAP We have adopted IFRSs since FYE March 2013 to improve the international comparability of financial information, while we engage in business activities with a focus of 3 major locations (Japan, the U.S. and China) with a view to creating a glob
Slide 16: Consolidated financial results
Consolidated financial results (million yen) FYE Mar. FYE Mar. Variance Change 2014 2015 Commission received 33,542 30,079 -3,463 -10.3％ Net trading income 8,011 6,242 -1,769 -22.1％ Financial revenue 12,583 13,987 1,404 11.2％ Other operating revenue 587 667 80 13.6％ Total operating revenue 54,722 50
Slide 17: Consolidated financial results (Reclassified)
Consolidated financial results (Reclassified) Reclassified consolidated statement of income (million yen) FYE Mar. 2014 FYE Mar. 2015 Variance Change Brokerage commissions 27,572 23,822 -3,750 -13.6% Stocks and ETFs 22,013 17,584 -4,429 -20.1% Options and Futures 5,429 6,217 788 14.5% OSE-FX 130 22
Slide 18: Consolidated financial results (SG&A)
Consolidated financial results (SG&A) The details of SG&A in consolidated statement of income (million yen) FYE Mar. 2014 FYE Mar. 2015 Variance Change Transaction-related expenses 12,235 13,236 1,001 8.2% Commissions paid 4,712 5,151 439 9.3% Exchange and association dues 1,435 1,251 -183 -12.8% Co
Slide 19: Quarterly consolidated financial results
Quarterly consolidated financial results (million yen) FYE Mar. 2014 FYE Mar. 2015 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Commission received 10,763 7,518 7,937 7,324 6,314 7,205 8,319 8,242 Net trading income 2,821 1,832 1,723 1,634 1,244 1,175 1,968 1,854 Financial revenue 3,126 2,918 3,579 2,960 3,115 3,471 3,6
Slide 20: Quarterly consolidated financial results (Reclassified)
Quarterly consolidated financial results (Reclassified) Reclassified consolidated statement of income (million yen) FYE Mar. 2014 FYE Mar. 2015 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Brokerage commissions 9,174 6,123 6,463 5,812 4,906 5,710 6,679 6,527 Stocks and ETFs 7,533 4,848 5,195 4,436 3,627 4,352 4,917 4,68
Slide 21: Quarterly consolidated financial results (SG&A)
Quarterly consolidated financial results (SG&A) The details of SG&A in consolidated statement of income (million yen) FYE Mar. 2014 FYE Mar. 2015 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Transaction-related expenses 3,320 2,939 2,953 3,023 3,006 3,220 3,520 3,490 Commissions paid 1,332 1,152 1,118 1,110 1,124 1,198
Slide 22: Quarterly consolidated financial results (Other revenue and other expenses)
Quarterly consolidated financial results (Other revenue and other expenses) (million yen) FYE Mar. 2014 FYE Mar. 2015 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Other financial revenue 2,296 4 116 -111 20 35 20 7 Gain on sales of investment securities 2,288 - - - - - 1 -0 Dividends income 3 - - - 16 34 11 5 Gain or lo
Slide 23: Quarterly financial results by segment
Quarterly financial results by segment (million yen) FYE Mar. 2014 FYE Mar. 2015 3Q 4Q 1Q 2Q 3Q 4Q JPN U.S. CHN JPN U.S. CHN JPN U.S. CHN JPN U.S. CHN JPN U.S. CHN JPN U.S. CHN Commission received 5,574 2,288 95 4,759 2,485 99 3,922 2,337 73 4,696 2,448 84 5,304 2,949 96 5,112 3,057 99 Net trading i
Slide 24: Quarterly financial results by segment (Reclassified)
Quarterly financial results by segment (Reclassified) Reclassified statement of income (million yen) FYE Mar. 2014 FYE Mar. 2015 3Q 4Q 1Q 2Q 3Q 4Q JPN U.S. CHN JPN U.S. CHN JPN U.S. CHN JPN U.S. CHN JPN U.S. CHN JPN U.S. CHN Brokerage commissions 4,756 1,632 94 3,963 1,769 99 3,220 1,628 73 3,910 1,
Slide 25: Quarterly financial results by segment (SG&A)
Quarterly financial results by segment (SG&A) The details of SG&A in statement of income (million yen) FYE Mar. 2014 FYE Mar. 2015 3Q 4Q 1Q 2Q 3Q 4Q JPN U.S. CHN JPN U.S. CHN JPN U.S. CHN JPN U.S. CHN JPN U.S. CHN JPN U.S. CHN Transaction-related 1,495 1,441 38 1,465 1,537 46 1,461 1,528 35 1,486 1,
Slide 26: U.S. Segment: Financial results (Reclassified) (in USD)
U.S. Segment : Financial results (Reclassified) (in USD) Reclassified statement of income (thousand USD) FYE Mar. 2014 FYE Mar. 2015 Variance Change Brokerage commissions 67,285 70,732 3,448 5.1% Stocks and ETFs 20,461 19,407 -1,054 -5.1% Options and Futures 46,823 51,325 4,501 9.6% Underwriting and
Slide 27: U.S. Segment: Quarterly financial results (Reclassified) (in USD)
U.S. Segment :Quarterly financial results (Reclassified) (in USD) Reclassified statement of income (thousand USD) FYE Mar. 2014 FYE Mar. 2015 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Brokerage commissions 17,923 15,972 16,051 17,338 15,954 16,552 19,051 19,174 Stocks and ETFs 5,102 4,883 5,112 5,365 4,624 4,699 5,19
Slide 28: U.S. Segment: Financial results (SG&A) (in USD)
U.S. Segment : Financial results (SG&A) (in USD) The details of SG&A in consolidated statement of income (thousand USD) FYE Mar. 2014 FYE Mar. 2015 Variance Change Transaction-related expenses 59,994 63,198 3,205 5.3% Commissions paid 35,369 35,516 148 0.4% Exchange and association dues 1,954 2,615
Slide 29: U.S. Segment: Quarterly financial results (SG&A) (in USD)
U.S. Segment :Quarterly financial results (SG&A) (in USD) The details of SG&A in statement of income (thousand USD) FYE Mar. 2014 FYE Mar. 2015 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Transaction-related expenses 15,910 14,868 14,164 15,051 14,970 16,397 16,816 15,015 Commissions paid 9,935 8,717 7,878 8,839 8,320
Slide 30: Consolidated statement of financial position (1)
Consolidated statement of financial position (1) ■Assets (million yen) As of As of As of As of Mar. 31, 2014 Mar. 31, 2015 Mar. 31, 2014 Mar. 31, 2015 Cash and cash equivalents 85,442 68,540 Property and equipment 1,579 2,408 Cash segregated as deposits 426,719 525,567 Intangible assets 41,558 48,80
Slide 31: Consolidated statement of financial position (2)
Consolidated statement of financial position (2) ■Liabilities ■Equity (million yen) As of As of As of As of Mar. 31, 2014 Mar. 31, 2015 Mar. 31, 2014 Mar. 31, 2015 Derivative liabilities 9,047 12,158 Common stock 10,394 10,394 Margin transaction liabilities 36,308 46,125 Additional-paid in capital 4
Slide 32: Consolidated statement of financial position (3)
Consolidated statement of financial position (3) ■Investments in securities (million yen) As of Mar. As of Mar. measurement method Description 31, 2014 31, 2015 Investments in securities 8,390 8,176 Fair Value Through Profit or Loss Quoted prices (unadjusted) in active markets for identical 579 393