Japan Securities Finance : Financial Presentation for 1Q, FY2022 (PDF 3.35MB)

Japan Securities Finance Co., Ltd.

1Q FY2022

Financial Results Presentation

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Table of Contents

◼	１．Executive summary (Consolidated)	Ｐ３
◼	２．Summary Financial Results for1Q, FY2022	Ｐ４
◼ ３．Summary Financial Results for 1Q, FY2022（JSF, non-consolidated）	Ｐ５
◼ ４．Financial Highlight（Margin Loan Business）	Ｐ６
◼	５．Financial Highlight（Securities Financing）	Ｐ７
◼ ６．Financial Highlight（Securities Investment of JSF, non-consolidated）	Ｐ８
◼ ７．Summary Financial Results for 1Q, FY2022（ JSF Trust Bank）	Ｐ９
◼ ８．Estimated Figures for FY2022	Ｐ１０
◼	９．Shareholder Returns	Ｐ１１
◼	Appendix	Ｐ１３～

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１．Executive Summary (Consolidated)

（¥ mil）	FY2022			Highlights
1Q
	YoY ⊿	⊿％
				✓ Margin loan revenues decreased on a
Operating				decline in balances (△4.7%).
11,092	+3,686	+49.8％	✓ Securities financing saw an increase in
Revenues
			revenue（+35.6%). Both bond lending and
				equity repo increased steadily.
				✓ Recorded losses on sales due to the
				repositioning of held securities to enable
Operating				future portfolio management.
1,783	▲484	△21.4％	✓ Increase in general and administrative
Income
			expenses due to reduction in the
				allowance for doubtful accounts reversal
				amount.
Recurring	2,199	▲265	△10.8％
Income
Net	2,063			✓ Recorded extraordinary gains on reduction
＋285	＋16.0％	in retirement benefit liabilities due to
Income
			change in retirement bonus structure.

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２．Summary of Financial Results for 1Q FY2022

			Consolidated
	（¥ mil）
		FY2022	YoY.⊿	(%⊿)
			1Q
Operating Revenues		11,092	3,686	(+49.8%)
	Except		10,335	3,612	(＋53.7%)
	Premium Charges
Operating Expenses		7,530	3,910	(+108.0%)
	Except		6,773	3,836	(＋130.6%)
	Premium Charges
General &		1,778	260	(+17.2%)
Administrative Expenses
Operating Income		1,783	▲484	(△21.4%)
Recurring Income		2,199	▲265	(△10.8%)
	Gain or Loss in		49	20	(+69.3%)
	Equity-Method
Extraordinary		671	632	(+1,604％)
Profit or Loss
Net Income		2,063	285	(＋16.0)

Non-consolidated

JSF	JSF Trust Bank	Nihon Building

YoY.⊿ YoY.⊿ YoY.⊿

10,184	3,677	776	49	304	▲19
9,427	3,603
7,492	3,940	108	▲2	7	3
6,734	3,866
1,427	227	277	32	173	▲2
1,265	▲490	390	19	123	▲20
3,573	397	391	19	172	▲17

	671	632	―	―	―	―
	3,618	951	267	10	114	▲11

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３．Summary of Financial Results for 1Q FY2022

（Non-consolidated）

Japan Securities Finance

（Non-consolidated）

*Excluding premium charge

			（¥ mil）	FY2022	YoY.⊿	(%⊿)
			1Q
		Operating Revenues*	9,427	3,603	(+61.9%)
			Margin Loan Business*	722	▲146 (△16.9%)
			Securities Financing	4,821	1,268	(＋35.7%)
			Others	3,883	2,482	(＋177.1%)
		Operating Expenses*	6,734	3,866	(＋134.8%)
		General &	1,427	227	(+18.9%)
		Administrative Expenses
		Operating Income	1,265	▲490	(△27.9%)
		Recurring Income	3,573	397	(＋12.5%)
		Extraordinary	671	632	(+1,604％)
		Profit or Loss
		Net Income	3,618	951	(＋35.7%)

Key Points

●Operating Revenues

• Revenues increased YoY on firm earnings from securities financing and services

other than margin loan business.

－Revenues increased ¥3,603 mil to ¥9,427 mil (+61.9%).

－Margin loan business revenues decreased on lower balances for both margin loan and stock loans.

－Securities financing revenues increased on higher balances for bond lending and equity repo.

－Other revenues (mainly securities investment) increased from recording gains on repositioning held securities for future portfolio management.

●Operating Expenses

• Expenses increased 3,866 million yen YoY to 6,734 million yen (+134.8%).
• This was mainly due to increased borrowing fees for the favorable Bond Lending business and losses on sales recorded from securities repositioning to enable future portfolio management.

●General & Administrative Expenses

• System depreciation expenses decreased but expenses increased YoY due to the removal of special factors from the previous fiscal year (recorded reversal following revision of the method to calculate the allowance for doubtful accounts）

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