Marusan Securities Income Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Interest and Dividend Income	307	239	158	214	484	404
Total Interest Expense	45	49	52	59	67	110
Net Interest Income	262	190	106	155	417	294
Brokerage Commission	19,604	18,468	18,316	14,559	17,979	18,528
Trading & Principal Transactions	24	21	38	56	70	137
Underwriting & Investment Banking Fee	120	121	96	102	137	119
Revenue	20,010	18,800	18,556	14,872	18,603	19,078
Revenue Growth (YoY)	5.61%	1.31%	24.77%	-20.06%	-2.49%	16.54%
Salaries & Employee Benefits	9,741	9,502	9,218	8,692	9,034	9,283
Cost of Services Provided	5,332	5,012	4,944	5,077	5,617	5,447
Other Operating Expenses	290	259	246	205	238	263
Total Operating Expenses	15,920	15,255	14,861	14,492	15,382	15,417
Operating Income	4,090	3,545	3,695	380	3,221	3,661
Other Non-Operating Income (Expenses)	-80	503	492	472	426	424
EBT Excluding Unusual Items	4,010	4,048	4,187	852	3,647	4,085
Asset Writedown	26	-	-	-	-	-1
Gain (Loss) on Sale of Investments	1,818	1,297	1	229	370	1,902
Other Unusual Items	488	-20	-10	20	-24	20
Pretax Income	6,342	5,325	4,178	1,128	3,993	6,033
Income Tax Expense	1,846	1,533	1,253	350	1,166	1,879
Net Income	4,496	3,792	2,925	778	2,827	4,154
Net Income to Common	4,496	3,792	2,925	778	2,827	4,154
Net Income Growth	45.60%	29.64%	275.96%	-72.48%	-31.95%	424.50%
Shares Outstanding (Basic)	66	66	66	66	67	67
Shares Outstanding (Diluted)	66	66	66	66	67	67
Shares Change (YoY)	0.40%	0.70%	0.27%	-1.36%	0.07%	-0.00%
EPS (Basic)	67.92	57.38	44.55	11.85	42.50	62.46
EPS (Diluted)	67.80	57.21	44.44	11.85	42.49	62.46
EPS Growth	44.88%	28.73%	275.02%	-72.11%	-31.97%	424.50%
Free Cash Flow	-	-1,104	6,986	10,640	-1,138	-3,232
Free Cash Flow Per Share	-	-16.66	106.13	162.08	-17.10	-48.59
Dividend Per Share	32.000	30.000	30.000	12.000	22.000	33.500
Dividend Growth	6.67%	-	150.00%	-45.45%	-34.33%	458.33%
Operating Margin	20.44%	18.86%	19.91%	2.56%	17.31%	19.19%
Profit Margin	22.47%	20.17%	15.76%	5.23%	15.20%	21.77%
Free Cash Flow Margin	-	-5.87%	37.65%	71.54%	-6.12%	-16.94%
Effective Tax Rate	-	28.79%	29.99%	31.03%	29.20%	31.14%

Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.