[FY2026 March] Q3 Financial Results Presentation Materials

Overview of Performance

The cumulative performance for Q3 of FY2026 ended March recorded both higher revenue and profit compared to the same period the previous year. The main factors for revenue growth were increased stock brokerage commissions from rising stock markets in Japan and the US, enhanced stable income from investment trust agency fees and securities collateral loan interest, improved investment performance of overseas asset management subsidiaries, and contribution of special profits from capital gains on sales of policy-held shares and affiliated company shares. Operating revenue was 72,460 million yen (up 8.3% YoY), operating income was 12,060 million yen (up 6.7% YoY), and net income attributable to owners of parent was 12,120 million yen (up 25.9% YoY).

Quarterly Trends and Segment Performance

In the standalone Q3, both operating revenue and ordinary income showed a sharp recovery surpassing Q2 levels, with annualized ROE of 12.3%. Brokerage commissions among acceptance fees increased, and growth in foreign stock trading as well as strong performance of foreign currency-denominated fund management contributed. Selling, general and administrative expenses rose 5.5% YoY due to increased transaction-related and office expenses, but the impact was offset by the rise in operating income. Among group companies, Tokai Tokyo Securities performed steadily, and the digital subsidiary showed a trend of narrowing deficit.