Fiscal Year Ending March 2026 Financial Summary [Japanese GAAP] (Consolidated)

Performance Overview

For the fiscal year ending March 2026, our group’s consolidated operating revenue was JPY 95,595 million (up 16.7% YoY), and net operating revenue was JPY 91,835 million (up 15.0% YoY). Operating income increased 45.9% YoY to JPY 18,730 million, ordinary income rose 46.8% YoY to JPY 22,867 million, and net income attributable to owners of parent surged 83.3% YoY to JPY 21,360 million, achieving record highs. Fee income expanded with underwriting fees up 26.2%, particularly commission fees increasing 28.5%, alongside growth in underwriting and selling fees and offering handling fees. While trading profits declined 11.6%, financial income grew 50.9%. Selling, general and administrative expenses increased 9.1%, but profitability improved due to revenue growth outpacing expense growth.

Financial Position and Dividend Policy

Consolidated total assets increased to JPY 1,401,090 million from the previous term, and net assets amounted to JPY 230,972 million with an improved equity ratio of 16.5%. Cash flow from operating activities generated JPY 62,847 million, resulting in cash and cash equivalents at term end rising to JPY 782,557 million. Regarding dividends, we prioritized stable dividends and shareholder returns; for the fiscal year ending March 2026, the annual dividend was increased to JPY 50 per share (regular dividend JPY 40, special dividend JPY 10), up from JPY 30 in the previous term. Dividend forecasts beyond the fiscal year ending March 2027 are undecided, but special dividends totaling over JPY 10 billion per term are planned from 2026 through 2028.