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Earnings presentation8628MATSUI SECURITIES CO.,LTD.Financials (excluding banks)

Financial Results Presentation for the Second Quarter of the Fiscal Year Ending March 2027

In the first half of the fiscal year ending March 2027, operating revenue, operating profit, ordinary profit and net profit all exceeded the year-earlier period, reflecting higher equity trading value, an increase in margin trading balances and wider financial margins resulting from higher interest rates. Compared with the immediately preceding quarter, however, operating revenue and profit declined.

Worth reading
53Recurring
Scored from 4 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
43
Year-on-year change in operating revenue (%)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationSecond quarter of the fiscal year ending March 20277 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Operating profit¥16,484 million+61.0%
Ordinary income¥16,528 million+63.0%
Net income¥10,435 million+60.0%
Selling, general and administrative expenses¥14,374 million
Results for the three months of the current quarter
Operating revenue
¥16,750 million
Operating profit
¥7,722 million
Ordinary income
¥7,672 million
Net income for the current fiscal year
¥4,826 million
What the company explained in this material
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Assumption based on a 25bp rise in the policy rate¥700 billion in deposits invested, ¥400 billion in borrowings, and a 25bp increase in both investment and funding rates
New initiatives
  • Start of broadcasting a new commercial featuring Matsui Hideki (松井秀喜)
  • Start of providing daily data on margin trading balances
  • Addition of margin ratios and chart time-frame options to the Japanese stocks app
  • Launch of generative AI reports for FX
  • Update to the automated FX trading function
  • Planned support for 23-hour trading in US stocks
  • Raise deposit interest rates at MATSUI Bank
  • Addition of securities available through iDeCo
  • Rollout of video content, including stock-investing consultation videos
Key KPIsA metric the company considers important as a management benchmark.
  • Company equity trading value¥63.3 trillion
    Year on year against the same period last year+100.0%
  • Average balance of company margin trading¥5,145 100 million
    Year on year against the same period last year+54.0%
  • Market share (equity trading value)9 %
  • Total number of accounts1,837,434 Accounts
  • Assets under custody¥6.2 trillion
  • Investment trust assets under management¥7,563 100 million
  • FX trading value¥163.8 trillion
  • FX open positions¥3,715 100 million
  • Number of investment trust products offered1,980 bottles
Financial targets
Capital adequacy ratio
304 %
As ofEnd-September 2026
Market Size / Share
  • Market share of stock trading value9 %
  • Market share of margin-trading long positions8 %
  • Market share of margin-trading short positions4 %
  • Futures market share18 %
Annual Dividend
Interim Dividend
¥28 per share
Payout ratio
69 %
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredSecond quarter of the fiscal year ending March 2027
Operating profit¥16,484 million (YoY +61.0%)
Ordinary income¥16,528 million (YoY +63.0%)
Net income¥10,435 million (YoY +60.0%)
Selling, general and administrative expenses¥14,374 million
Results for the three months of the current quarterOperating revenue ¥16,750 million / Operating profit ¥7,722 million / Ordinary income ¥7,672 million / Net income for the current fiscal year ¥4,826 million
Key KPIsCompany equity trading value ¥63.3 trillion, Average balance of company margin trading ¥5,145 100 million, Market share (equity trading value) 9 %, Total number of accounts 1,837,434 Accounts, Assets under custody ¥6.2 trillion, Investment trust assets under management ¥7,563 100 million, FX trading value ¥163.8 trillion, FX open positions ¥3,715 100 million, Number of investment trust products offered 1,980 bottles
Assumptions Underlying the Business OutlookAssumption based on a 25bp rise in the policy rate ¥700 billion in deposits invested, ¥400 billion in borrowings, and a 25bp increase in both investment and funding rates
Financial targetsCapital adequacy ratio 304 %
Annual DividendInterim Dividend ¥28 per share / Year-end dividend Not disclosed / Annual Dividend Not disclosed
Payout ratio69 %
Market Size / ShareMarket share of stock trading value 9 %, Market share of margin-trading long positions 8 %, Market share of margin-trading short positions 4 %, Futures market share 18 %
New initiativesStart of broadcasting a new commercial featuring Matsui Hideki (松井秀喜), Start of providing daily data on margin trading balances, Addition of margin ratios and chart time-frame options to the Japanese stocks app, Launch of generative AI reports for FX, Update to the automated FX trading function, Planned support for 23-hour trading in US stocks, Raise deposit interest rates at MATSUI Bank, Addition of securities available through iDeCo, Rollout of video content, including stock-investing consultation videos
Items this document does not state (17)
Net SalesGross Profit MarginOperating profit marginFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planSegment resultsBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The company cited higher equity trading value and average margin trading balances, increased customer deposits and higher investment income resulting from rising interest rates as factors behind the growth in results. Interest expenses also increased, but the financial margin widened.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Financial Results Presentation for the Second Quarter of the Fiscal Year Ending March 2027 | MATSUI SECURITIES CO.,LTD. (8628) timely disclosure | Komori