Toyo 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	735	646	533	295	218	286
Total Interest Expense	221	179	116	120	87	129
Net Interest Income	514	467	417	175	131	157
Brokerage Commission	10,116	8,553	9,484	7,059	8,491	8,805
Trading & Principal Transactions	1,558	1,967	1,922	852	2,036	2,857
Underwriting & Investment Banking Fee	34	23	14	82	118	18
Other Revenue	111	100	70	53	-	-
Revenue Before Loan Losses	12,333	11,110	11,907	8,221	10,776	11,837
Provision for Loan Losses	2	-	-2	2	-	-
Revenue	12,331	11,110	11,909	8,219	10,776	11,837
Revenue Growth (YoY)	2.48%	-6.71%	44.90%	-23.73%	-8.96%	23.25%
Salaries & Employee Benefits	5,068	4,953	5,505	5,024	5,468	5,583
Cost of Services Provided	4,722	4,955	4,824	4,614	4,815	4,930
Other Operating Expenses	372	351	339	274	221	227
Total Operating Expenses	10,385	10,415	10,755	10,385	10,956	11,192
Operating Income	1,946	695	1,154	-2,166	-180	645
Other Non-Operating Income (Expenses)	426	340	282	505	759	485
EBT Excluding Unusual Items	2,372	1,035	1,436	-1,661	579	1,130
Gain (Loss) on Sale of Investments	2,271	2,247	117	1,170	484	19
Other Unusual Items	-174	-334	-51	-2,350	10	56
Pretax Income	4,483	2,948	1,502	-2,841	1,073	1,205
Income Tax Expense	722	295	197	114	198	268
Net Income	3,761	2,653	1,305	-2,955	875	937
Net Income to Common	3,761	2,653	1,305	-2,955	875	937
Net Income Growth	71.97%	103.30%	-	-	-6.62%	-
Shares Outstanding (Basic)	68	77	80	79	79	79
Shares Outstanding (Diluted)	68	77	80	79	79	79
Shares Change (YoY)	-15.00%	-3.49%	0.38%	0.71%	0.22%	-1.97%
EPS (Basic)	55.35	34.45	16.36	-37.18	11.09	11.90
EPS (Diluted)	55.35	34.45	16.36	-37.18	11.09	11.90
EPS Growth	102.32%	110.65%	-	-	-6.82%	-
Free Cash Flow	-	518	2,951	-2,887	-6,734	1,918
Free Cash Flow Per Share	-	6.73	36.98	-36.32	-85.32	24.36
Dividend Per Share	30.000	30.000	10.000	2.000	6.000	6.000
Dividend Growth	200.00%	200.00%	400.00%	-66.67%	-	200.00%
Operating Margin	15.78%	6.26%	9.69%	-26.35%	-1.67%	5.45%
Profit Margin	30.50%	23.88%	10.96%	-35.95%	8.12%	7.92%
Free Cash Flow Margin	-	4.66%	24.78%	-35.13%	-62.49%	16.20%
Effective Tax Rate	16.11%	10.01%	13.12%	-	18.45%	22.24%

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