Fiscal Year Ending March 2027 Q2 Financial Report

Summary of Results

Compared with Q2 of the fiscal year ending March 2026, Q2 of the fiscal year ending March 2027 recorded a substantial increase in operating revenue to 34 hundred million yen. Ordinary income and net income also grew significantly, primarily due to improvements in financial income and increases in acceptance fees. Although selling, general and administrative expenses rose year-over-year, they did not outpace revenue growth, and overall growth was maintained. The interim dividend is projected at 28 yen, with a payout ratio estimated at 69%.

Impact on Shareholders and Outlook

An interim dividend of 28 yen is expected, with a payout ratio of 69%. ROE is assumed to be 24.8% based on publicly available information. The company will continue diversification strategies—expanding trading value and margin trading, and growing investment trusts, U.S. equities, and FX—to strengthen the revenue base. While the company is in a high-growth phase, attention should be paid to the possibility of continued increases in selling, general and administrative expenses.