Overview of Fiscal Year 2025 Financial Results

Performance Overview

For fiscal year 2025, operating revenue was JPY 198,735 million (up 22.5% YoY), operating expenses were JPY 83,598 million (up 11.4% YoY), operating income reached JPY 116,289 million (up 29.0% YoY), and net income attributable to owners of parent was JPY 79,139 million (up 29.5% YoY). Trading-related revenue increased to JPY 77,399 million, and the average daily trading value of securities was JPY 7.52 trillion (up 31.9% YoY). Clearing-related revenue also rose to JPY 54,242 million. Revenues from information and system services also showed an increasing trend.

Fiscal Year 2026 Earnings Forecast and Capital Policy

For fiscal year 2026, operating revenue is forecasted at JPY 205,000 million (up 3.2% YoY), operating expenses at JPY 91,000 million (up 8.9% YoY), operating income at JPY 115,000 million (down 1.1% YoY), and net income at JPY 77,500 million (down 2.1% YoY). Dividends are planned at JPY 61 per share, with a dividend payout ratio expected at 80.9%. Share buybacks are planned with an upper limit of JPY 20 billion and 40,000,000 shares (3.9% of the total issued shares), to be conducted via the on-floor market from June 1, 2026, to October 26, 2026. Based on the Medium-Term Management Plan 2027, efforts will continue to improve capital efficiency and enhance shareholder returns.