Sparx Group Co., Ltd. · TSE:8739

Sparx — SPARX Asset Management — H1 FY2005 Earnings Presentation

19 slides from Sparx's earnings presentation, Nov 9, 2004

  1. Slide 1: SPARX Asset Management Co., Ltd.

    SPARX Asset Management Co., Ltd. © 2004 SPARX Asset Management Co., Ltd. 1

  2. Slide 2: © 2004 SPARX Asset Management Co., Ltd.

    © 2004 SPARX Asset Management Co., Ltd. 2

  3. Slide 3: Results summary (AUM)

    2004 3 2005 3 (AUM) 4,032 4,597 7,245 + 79. 7% 3,557 11,117 6,823 + 91.8% 1,964 4,429 2,938 + 49.6% 1,592 6,687 3,884 + 143.8% 1,610 6,678 3,878 + 140.8% 797 3,380 2,058 + 157.9% 102 101 120 + 17.6% 1,018 1,179 1,102 + 8.2% 1 2 2 2005 3 3 © 2004 SPARX Asset Management Co., Ltd. 3

  4. Slide 4: AUM and revenue breakdown

    2004 3 2005 3 2,118 4,753 3,782 78.5% 0.89 0.89 0.89 - 1,799 4,107 3,211 78.5% 1,298 6,118 2,900 123.3% AUM 63 58 59 - 4.0% 139 244 140 0.6% 3,557 11,117 6,823 91.8% 1 3 2 2 3 2005 3 2004 9 © 2004 SPARX Asset Management Co., Ltd. 4

  5. Slide 5: Income statement summary

    2004 3 2005 3 326 804 649 99.2 41 78 93 128.1 95 214 143 50.2 820 1,960 1,119 36.4 200 - 400 100.0 76 229 139 81.3 147 290 176 19.5 109 217 193 77.1 82 167 76 -7.0 264 467 345 30.8 1,964 4,429 2,938 49.6% 1 2 2 © 2004 SPARX Asset Management Co., Ltd. 5

  6. Slide 6: © 2004 SPARX Asset Management Co., Ltd.

    2004 2004 99 119 119 2004 6 5 29 15 11 9 5 4 2 80 (+1) -1 +2 +2 0 0 9 3 0 0 0 0 12 (+1) +1 0 3 7 4 3 3 3 0 23 +1 +1 +2 0 0 2 1 1 0 0 0 4 5 32 33 19 13 8 7 2 119 (+1) (+1) (+2) +1 +5 © 2004 SPARX Asset Management Co., Ltd. 6

  7. Slide 7: Balance sheet summary

    2004 3 2005 3 12 AUM 4,597 7,245 0.89 0.89 4,091 6,448 2,871 3,438 1,219 3,010 97 110 1 2 2005 3 2 3) 2005 3 © 2004 SPARX Asset Management Co., Ltd. 7

  8. Slide 8: AUM trend

    AUM 8,000 7,290 7,000 6,028 6,000 5,000 4,563 4,000 3,884 3,683 3,357 3,000 2,000 1,000 0 2002 3 2002 9 2003 3 2003 9 2004 3 2004 9 59% 1,377 53% 1,836 52% 1,768 54% 2,118 60% 2,412 57% 3,133 1,980 2,047 1,915 2,444 3,616 4,157 1 © 2004 SPARX Asset Management Co., Ltd. 8

  9. Slide 9: AUM by fund type

    (AUM) 8000 7,290 7000 6,028 6000 5000 4,563 4000 3,884 3,683 3,357 3000 2000 1000 0 2004 9 2002 3 2002 9 2003 3 2003 9 2004 3 2004 9 304 484 351 256 282 685 9.4% 363 671 770 926 1,049 1,323 18.2% 223 224 255 435 573 575 7.9% 1,090 1,156 1,059 1,589 2,483 2,728 37.4% 1,371 1,341 1,241 1,349 1,633 1,9

  10. Slide 10: © 2004 SPARX Asset Management Co., Ltd.

    2005 3 2004 3 1,532 1,532 ++ 25.4 25.4 % % 2004 6 269 269 -3.6 -3.6 % % 2004 9 -1,000 1,000 3,000 5,000 7,000 © 2004 SPARX Asset Management Co., Ltd. 10

  11. Slide 11: AUM movement by product

    2004 3 9 2004 2004 2004 9 : 3 6 2,211 570 190 89 2,681 172 100 -16 2,737 346 54 0 6 407 4 1 -15 394 161 2 0 164 2 -3 163 1,608 596 42 83 2,246 120 13 -231 2,122 1,246 211 95 102 1,465 73 146 -132 1,259 388 97 55 541 8 7 558 66 0 6 -4 55 0 0 54 6,028 1,533 334 333 7,560 383 261 -391 7,290 2004 9 © 20

  12. Slide 12: TOPIX and quarterly performance

    TOPIX 1400 1,400 1200 1,300 1,200 1000 1,100 800 1,000 600 900 400 800 700 200 600 0 500 -200 400 2002 2002 2002 2002 2003 2003 2003 2003 2004 2004 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q ( 579 258 94 25 -130 182 171 527 1,199 121 TOPIX 1,024 921 843 788 903 1,018 1,043 1,179 1,189 1,102 2003 1 2004 2 © 2004

  13. Slide 13: Performance versus TOPIX

    2004 9 14.5 13.5 21.3 6.6 9.0 57.7 -2.7 5.9 0.1 -6.3 -3.8 22.6 17.2 7.6 21.2 12.9 12.8 35.1 TOPIX JASDAQ TOPIX TOPIX TOPIX TOPIX 97 5 97 4 97 8 2000 6 99 7 2003 2 26.0% 27.2% 12.8% 6.6% 25.5% n.a. © 2004 SPARX Asset Management Co., Ltd. 13

  14. Slide 14: Fund performance by entity and strategy

    100 SPARX Overseas, Ltd. SPARX Investment & Research, USA, Inc. ( Lev2) ( Lev1) 5 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 44.68 (9 ) -11.66 -9.65 -10.51 53.23 VCI GIPS

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

    Comparison with the Mercer Japanese Equity Universe Performance before fees for periods ended June 2004 Rates of Return(%) 66 47 28 9 -10 3 Months (% ) 1 Year (% ) 2 Years (%pa) 3 Years (%pa) 5 Years (%pa) SPARX 5.5 (5) 65.9 (1) 18.4 (2) 10.5 (2) 6.6 (3) A 0.9 (83) 37.9 (33) 10.4 (34) 0.5 (31) -1.4

  16. Slide 16: AUM composition

    2004 2004 99 2004 9 2,737 394 163 8% 1% 2,122 1,259 17% 38% 558 54 7,290 29% 5% 41 2% 59 1 1 2004 9 2 © 2004 SPARX Asset Management Co., Ltd. 16

  17. Slide 17: © 2004 SPARX Asset Management Co., Ltd.

    2004 9 45.0% 40.0% 38.3 35.0% 30.0% 25.0% 22.1 20.5 20.0% 17.6 15.0% 10.0% 5.0% 1.5 0.0% 1 -3 4 -6 7 -9 10 - 12 © 2004 SPARX Asset Management Co., Ltd. 17

  18. Slide 18: © 2004 SPARX Asset Management Co., Ltd.

    2004 3 2005 3 4,032 4,597 7,245 + 79. 7% 1,025 4,601 2,282 227 326 413 23 96 1 21 60 191 - 21 11 - 1,012 - 1,298 6,118 2,900 + 123.3% 1 © 2004 SPARX Asset Management Co., Ltd. 18

  19. Slide 19: SPARX Japan Fund

    2004 9 2002 3 2002 9 2003 3 2003 9 2004 3 (a) 304 484 351 256 282 685 (b) 98,795 98,899 84,259 104,419 116,628 115,534 (a/b) 0.31% 0.49% 0.42% 0.25% 0.24% 0.59% 64 41 2004 8 1) 2004 4 27 2004 5 20 2) 2004 12 6 SPARX JAPAN FUND 2004 4 ) 1 2 1990 1 (A) 3 © 2004 SPARX Asset Management Co., Ltd. 19

SPARX Asset Management — H1 FY2005 Earnings Presentation on 6ix