FY March 2026 Financial Summary [Japanese GAAP] (Non-Consolidated)

Overview of Performance

In FY March 2026, Matsui Securities Co., Ltd. recorded operating revenue of JPY 52,660 million (up 34.3% YoY), operating income of JPY 23,462 million (up 50.1% YoY), ordinary income of JPY 23,813 million (up 55.7% YoY), and net income of JPY 15,480 million (up 47.4% YoY), achieving significant revenue and profit growth. The main factors were increased equity trading transaction amounts due to a buoyant stock market and growth in brokerage commissions. Selling, general and administrative expenses rose 19.2% due to higher advertising and personnel expenses, but revenue growth exceeded these increases. ROE improved to 19.6%, significantly above the cost of equity capital at 8%, indicating enhanced capital efficiency.

Financial Position and Dividend Policy

Total assets stood at JPY 1,354,059 million (up 20.7% YoY), and net assets were JPY 82,347 million (up 7.5% YoY). The equity ratio slightly decreased to 6.1% compared to the previous year. Dividends are planned at JPY 50 per share annually (JPY 25 interim, JPY 25 year-end), with a payout ratio of 83.2% and a dividend on equity (DOE) of 16.3%, consistent with the existing dividend policy. The next term's dividend is undecided but the payout ratio target is planned to be raised from 60% to 70%. Financing is primarily managed through short-term borrowings, maintaining stable liquidity.