Non-Consolidated Financial Summary under Japanese GAAP For the Year Ended March 31, 2017
Filing Date: April 27, 2017
Company name (Securities code): Matsui Securities Co., Ltd. (8628) Stock exchange listing: Tokyo
(URLhttp://www.matsui.co.jp/ir/en/index.html)
Representative: Michio Matsui: President and Chief Executive Officer Planned date of ordinary general meeting of shareholders: June 25, 2017 Planned date of dividends payment: June 26, 2017
Planed date of filing of the annual securities report: June 19, 2017
Note: All figures in the financial statements are rounded off to the nearest millionth.
1.Non-consolidated financial summary for the year ended March 31, 2017
Operating results
Operating revenue
Net operating revenue
Operating income
Ordinary income
Year ended March 31, 2017
Year ended March 31, 2016
Millions Yr/Yr
( ) ( )
of Yen % change
27,727 (19.5)
34,435 0.4
Millions Yr/Yr
( ) ( )
of Yen % change
26,499 (19.7)
33,003 0.3
Millions Yr/Yr
( ) ( )
of Yen % change
14,939 (31.3)
21,745 (1.5)
Millions Yr/Yr
( ) ( )
of Yen % change
15,044 (31.1)
21,833 (1.7)
Profit
Basic earnings per share
Diluted earnings per share
Return on equity
Ordinary income/ Total assets
Operating income/ Operating revenues
Year ended March 31, 2017
Millions Yr/Yr
( ) ( )
of Yen % change
10,697 (27.5)
14,763 (5.2)
(Yen)
(Yen)
(%)
(%)
(%)
41.67
41.65
11.4
2.1
53.9
Year ended March 31, 2016
57.50
57.49
16.2
2.9
63.1
Equity in earnings (losses) of affiliates if equity method is applied:
Year ended March 31, 2017 None Year ended March 31, 2016 None
Total assets
Net assets
Capital adequacy ratio
Net assets per share
As of March 31, 2017
(Millions of Yen)
(Millions of Yen)
(%)
(Yen)
770,716
94,820
12.3
369.02
As of March 31, 2016
663,425
92,718
14.0
361.01
Financial position
Owner's equity: As of March 31, 2017 94,739 million yen As of March 31, 2016 92,681 million yen
Cash flows
Net cash provided by (used in) operating activities | Net cash provided by (used in) investing activities | Net cash provided by (used in) financing activities | Cash and cash equivalents | |
Year ended March 31, 2017 | (Millions of Yen) | (Millions of Yen) | (Millions of Yen) | (Millions of Yen) |
11,510 | (2,014) | (10,269) | 29,093 | |
Year ended March 31, 2016 | 43,431 | (824) | (48,147) | 29,865 |
2.Dividends
Dividend per share | Annual total | Payout ratio | Dividends per net assets | |||||
First quarter | Second quarter | Third quarter | Year end | Annual | ||||
Year ended March 31, 2016 | (Yen) | (Yen) | (Yen) | (Yen) | (Yen) | (Millions of Yen) 11,553 8,472 | (%) | (%) |
- | 25.00 | - | 20.00 | 45.00 | 78.3 | 12.6 | ||
Year ended March 31, 2017 | - | 13.00 | - | 20.00 | 33.00 | 79.2 | 9.0 | |
Year ends March 31, 2018 (estimation) | - | - | - | - | - | - |
3.Forecast of business results
The business results of securities brokerage companies depend on the market situation considerably, which makes it difficult to forecast the future business results. Accordingly, the Company does not issue such forecast while it discloses its monthly business information instead of such forecasts.
4.Notes
Changes in accounting policies and accounting estimates retrospective restatement
Changes in accounting policies based on revisions of accounting standard: None
Changes in accounting policies other than ones based on revisions of accounting standard: None
Changes in accounting estimates: None
Retrospective restatement: None
Number of issued and outstanding shares (common stock)
Number of issued and outstanding shares (including treasury stock) As of March 31, 2017 259,264,702 shares
As of March 31, 2016 259,264,702 shares
Number of treasury stock
As of March 31, 2017 2,533,366 shares
As of March 31, 2016 2,533,314 shares
Average number of shares
For the year ended March 31, 2017 256,731,362 shares
For the year ended March 31, 2016 256,731,423 shares
Note: Financial summary is not subject to audit. Notice to readers:
The accompanying financial statements of the Company are prepared on the basis of accounting principles generally accepted in Japan, which are different in certain respects as to application and disclosure requirements of International Financial Reporting Standards.
Financial Statements
Balance Sheet
(Millions of Yen)
Assets
Current assets
March 31, 2016 March 31, 2017
Cash and deposits
26,569
25,743
Cash segregated as deposits
375,812
467,212
Money held in trust
4,596
5,950
Trading products:
1,817
1,408
Trading securities and other
0
0
Derivatives
1,817
1,408
Trade date accrual
17
15
Margin transaction assets:
232,043
245,202
Loans on margin transactions
228,152
237,047
Cash collateral pledged for securities
borrowing on margin transactions 3,8908,154
Loans secured by securities: 7,869 9,536 Cash collateral pledged for securities
borrowed 7,869 9,536
Advances paid: 23 26
Advance payments for customers
on trades 2326
Advance payments for others
0
0
Cash paid for offering
―
28
Short-term guarantee deposits
2,166
1,648
Advances payments
1
2
Prepaid expenses
189
213
Accounts receivable - other
1
10
Accrued income
3,807
4,174
Deferred tax assets
314
203
Other
―
256
Allowance for doubtful accounts
(7)
(116)
Total current assets
655,217
761,510
Non-current assets
Property, plant and equipment:
953
958
Buildings
197
177
Equipment
321
347
Land
434
434
Intangible assets:
2,999
4,118
Software
2,999
4,118
Other
0
0
Investments and other assets:
4,256
4,129
Investment securities
3,119
2,893
Investments in capital
8
8
Long-term loans receivable
507
499
Long-term guarantee deposits
261
314
Long-term prepaid expenses
7
17
Deferred tax assets
587
675
Long-term receivables
1,021
1,179
Other
95
93
Allowance for doubtful accounts
(1,348)
(1,549)
Total non-current assets
8,208
9,205
Total assets
663,425
770,716
Liabilities
Current liabilities
Trading products:
458
281
Derivatives
458
281
Margin transaction liabilities:
35,793
51,228
Borrowings on margin transactions
5,452
5,932
Cash received for securities lending
on margin transactions 30,34145,297
Loans payable secured by securities: 14,838 13,262 Cash received on debt credit
transaction of securities 14,83813,262
Deposits received:
200,271
272,048
Deposits from customers
197,048
266,444
Deposits for others
3,222
5,604
Guarantee deposits received
182,641
205,409
Accounts for non-received securities and others
44
―
Short-term loans payable
128,050
126,100
Advances received
0
―
Unearned revenue
35
33
Accounts payable - other
379
672
Accrued expenses
844
903
Income taxes payable
3,551
2,417
Provision for bonuses
248
174
Total current liabilities
567,151
672,527
Non-current liabilities
Long-term loans payable ― 150
Reserve for retirement bonuses for
directors and auditors
Other
3
3
Total non-current liabilities
208
358
204 204
Reserves under special laws Reserve for financial products
transaction liabilities 3,349 3,012
Total reserves under special laws
3,349
3,012
Total liabilities
570,707
675,896
Net assets
Shareholders' equity Capital stock
11,945
11,945
Capital surplus
Legal capital surplus
9,793
9,793
Total capital surpluses
9,793
9,793
Retained earnings
Legal retained earnings Other retained earnings
159
159
General reserve
4,250
―
Retained earnings brought forward
66,384
72,859
Total retained earnings
70,793
73,018
Treasury shares
(1,915)
(1,915)
Total shareholders' equity
90,616
92,840
Valuation and translation adjustments
Valuation difference on
available-for-sale securities 2,066 1,898
Total valuation and translation
adjustments 2,066 1,898
Subscription rights to shares
37
81
Total net assets
92,718
94,820
Total liabilities and net assets
663,425
770,716
Statement of Income
Operating revenue
Year ended March 31, 2016
(Millions of Yen) Year ended March 31,
2017
Commission received 21,742 17,253
Commission to consignees 20,414 16,260 Commission for underwriting, secondary distribution and
solicitation for selling and others for professional
investors
Fee for offering, secondary distribution and solicitation for
50 13
selling and others for professional investors 01
Other fees received
1,278
979
Net trading income
6
3
Financial revenue
12,682
10,467
Other operating revenue
5
4
Total operating revenue
34,435
27,727
Financial expenses
1,431
1,228
Net operating revenue
33,003
26,499
Selling, general and administrative expenses Trading related expenses
4,674
4,345
Personnel expenses
2,178
2,227
Real estate expenses
890
891
Office cost
1,713
1,841
Depreciation
1,175
1,267
Taxes and dues
288
362
Provision of allowance for doubtful accounts
216
311
Other
123
317
Total selling, general and administrative expenses
11,258
11,560
Operating income
21,745
14,939
Non-operating income Dividend income
76
91
Other
14
18
Total non-operating income
90
109
Non-operating expenses Other
2
4
Total non-operating expenses
2
4
Ordinary income
21,833
15,044
Extraordinary income
Gain on sales of investment securities
1,012
―
Reversal of reserve for financial products transaction
Gain on sales of non-current assets
―
1
Total extraordinary income
1,012
338
liabilities ―337
Extraordinary losses
Provision of reserve for financial products transaction
liabilities
Loss on sales and retirement of non-current assets
6
15
Total extraordinary losses
695
15
Profit before income taxes
22,151
15,367
Income taxes - current
7,455
4,573
Income taxes - deferred
(67)
97
Total income taxes
7,388
4,670
Profit
14,763
10,697
689 ―
Statement of changes in equity
Year ended March 31, 2016
(Millions of Yen)
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Legal capital surplus
Total capital surplus
Legal retained earnings
Other Retained earnings
Total retained earnings
General reserve
Retained earnings brought forward
Balance at the beginning of current period
11,945
9,793
9,793
159
4,250
70,734
75,143
Changes of items during period
Dividends of surplus
(11,553)
(11,553)
Profit
14,763
14,763
Purchase of treasury shares
Retirement of treasury shares
(7,560)
(7,560)
Net changes of items other than shareholders' equity
Total changes of items during period
―
―
―
―
―
(4,350)
(4,350)
Balance at the end of current period
11,945
9,793
9,793
159
4,250
66,384
70,793
Shareholders' equity
Valuation and translation adjustments
Subscription rights to shares
Total net assets
Treasury shares
Total shareholders' equity
Valuation difference on available-for-sale securities
Total valuation and translation adjustments
Balance at the beginning of current period
(9,475)
87,406
2,613
2,613
10
90,029
Changes of items during period
Dividends of surplus
(11,553)
(11,553)
Profit
14,763
14,763
Purchase of treasury shares
(0)
(0)
(0)
Retirement of treasury shares
7,560
―
―
Net changes of items other than shareholders' equity
(547)
(547)
27
(520)
Total changes of items during period
7,560
3,210
(547)
(547)
27
2,690
Balance at the end of current period
(1,915)
90,616
2,066
2,066
37
92,718
Year ended March 31, 2017
(Millions of Yen)
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Legal capital surplus
Total capital surplus
Legal retained earnings
Other Retained earnings
Total retained earnings
General reserve
Retained earnings brought forward
Balance at the beginning of current period
11,945
9,793
9,793
159
4,250
66,384
70,793
Changes of items during period
Dividends of surplus
(8,472)
(8,472)
Profit
10,697
10,697
Reversal of general reserve
(4,250)
4,250
―
Purchase of treasury shares
Net changes of items other than shareholders' equity
Total changes of items during period
―
―
―
―
(4,250)
6,475
2,225
Balance at the end of current period
11,945
9,793
9,793
159
―
72,859
73,018
Shareholders' equity
Valuation and translation adjustments
Subscription rights to shares
Total net assets
Treasury shares
Total shareholders' equity
Valuation difference on available-for-sale securities
Total valuation and translation adjustments
Balance at the beginning of current period
(1,915)
90,616
2,066
2,066
37
92,718
Changes of items during period
Dividends of surplus
(8,472)
(8,472)
Profit
10,697
10,697
Reversal of general reserve
―
―
Purchase of treasury shares
(0)
(0)
(0)
Net changes of items other than shareholders' equity
(167)
(167)
44
(123)
Total changes of items during period
(0)
2,225
(167)
(167)
44
2,101
Balance at the end of current period
(1,915)
92,840
1,898
1,898
81
94,820
Statements of Cash Flows
(Millions of Yen)
Cash flows from operating activities
Year ended march 31, 2016
Year ended march 31, 2017
Profit (loss) before income taxes 22,151 15,367
Depreciation 1,175 1,267
Increase (decrease) in allowance for doubtful accounts 179 310
Increase (decrease) in provision for bonuses (29) (74) Increase (decrease) in reserve for financial products transaction
liabilities
Interest and dividend income
(12,269)
(10,164)
Interest expenses
997
883
Loss (gain) on sales and retirement of non-current assets
6
13
Loss (gain) on sales of investment securities
(1,012)
―
Decrease (increase) in cash segregated as deposits
87,100
(91,400)
Net change in cash in trust
(100)
(1,300)
Decrease (increase) in trading products - assets (liabilities)
(1,200)
231
Decrease (increase) in trade date accrual
167
2
Decrease/increase in assets/liabilities for margin transaction
31,560
2,277
Decrease (increase) in loans secured by securities
4,211
(1,667)
Decrease/increase in advance paid/deposits received
(61,241)
71,774
Increase (decrease) in borrowings secured by securities
(10,721)
(1,576)
Increase (decrease) in guarantee deposits received
(24,457)
22,768
Decrease (increase) in short-term guarantee deposits
3,570
518
Other, net
247
(625)
Subtotal
41,022
8,268
Interest and dividend income received
12,846
9,832
Interest expenses paid
(1,030)
(874)
Income taxes paid
(9,407)
(5,716)
Net cash provided by (used in) operating activities
43,431
11,510
689 (337)
Cash flows from investing activities
Purchase of property, plant and equipment
(169)
(118)
Proceeds from sales of property, plant and equipment
―
1
Purchase of intangible assets
(1,635)
(1,827)
Purchase of investment securities
(40)
(20)
Proceeds from sales of investment securities
1,016
―
Other, net
4
(50)
Net cash provided by (used in) investing activities
(824)
(2,014)
Cash flows from financing activities
Net increase (decrease) in short-term loans payable
(36,500)
(2,000)
Proceeds from long-term loans payable
―
300
Repayments of long-term loans payable
(100)
(100)
Purchase of treasury shares
(0)
(0)
Cash dividends paid
(11,547)
(8,469)
Net cash provided by (used in) financing activities
(48,147)
(10,269)
Effect of exchange rate change on cash and cash equivalents
(0)
0
Net increase (decrease) in cash and cash equivalents
(5,540)
(772)
Cash and cash equivalents at beginning of period
35,406
29,865
Cash and cash equivalents at end of period
29,865
29,093
Notes on Financial Statements
(Notes - Uncertainties of entity's ability to continue as going concern) No relevant items.
(Segment Information)
Disclosures on segment information have been omitted, as the business of the Company consists of only a single segment of online brokerage service.
(Equity in Net Income of Affiliates) No relevant items.
(Per Share Information)
Year ended March 31, 2017
Net assets per share 369.02 Yen
Basic earnings per share 41.67 Yen
Diluted earnings per share 41.65 Yen
Items
Year ended March 31,2017
Basic earnings per share
Net income (Millions of Yen)
10,697
Net income not attributed to common stock (Millions of Yen)
ー
Net income attributed to common stock (Millions of Yen)
10,697
Average number of shares of common stock outstanding (Shares)
256,731,362
Diluted earnings per share
Increase of common stock (Shares)
115,714
(Of the above subscription right to shares (Shares))
(115,714)
Residual securities which are not considered in the calculation of diluted earnings per share
ー
Note: Calculation basis of net income per share information Net income and diluted earnings per share
(Significant events after reporting period) No relevant items.
Matsui Securities Co. Ltd. published this content on 27 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 April 2017 08:12:16 UTC.
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