Maruhachi 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	73	81	66	69	68	59
Total Interest Expense	15	4	3	5	5	8
Net Interest Income	58	77	63	64	63	51
Brokerage Commission	2,529	2,250	2,315	1,665	1,921	1,855
Trading & Principal Transactions	777	714	881	765	872	1,109
Underwriting & Investment Banking Fee	-	-	-	-	3	-
Other Revenue	37	37	-	3	-	17
Revenue	3,401	3,078	3,259	2,497	2,859	3,032
Revenue Growth (YoY)	3.40%	-5.55%	30.52%	-12.66%	-5.71%	25.70%
Salaries & Employee Benefits	1,302	1,235	1,271	1,149	1,293	1,297
Cost of Services Provided	1,290	1,297	1,211	1,126	1,069	1,089
Other Operating Expenses	55	52	56	44	49	50
Total Operating Expenses	2,698	2,636	2,595	2,370	2,445	2,459
Operating Income	703	442	664	127	414	573
Other Non-Operating Income (Expenses)	214	157	103	1	37	33
EBT Excluding Unusual Items	917	599	767	128	451	606
Gain (Loss) on Sale of Investments	-	4	-	2	-	6
Other Unusual Items	-	-	-2	-14	-3	-12
Pretax Income	917	603	765	116	448	600
Income Tax Expense	284	211	248	54	160	187
Net Income	633	392	517	62	288	413
Net Income to Common	633	392	517	62	288	413
Net Income Growth	29.45%	-24.18%	733.87%	-78.47%	-30.27%	153.37%
Shares Outstanding (Basic)	4	4	4	4	4	4
Shares Outstanding (Diluted)	4	4	4	4	4	4
Shares Change (YoY)	-0.00%	-	-	-	-	-
EPS (Basic)	158.61	98.22	129.54	15.53	72.16	103.48
EPS (Diluted)	158.61	98.22	129.54	15.53	72.16	103.48
EPS Growth	29.45%	-24.18%	733.87%	-78.47%	-30.27%	153.37%
Free Cash Flow	-	-59	1,575	-59	-258	-542
Free Cash Flow Per Share	-	-14.78	394.64	-14.78	-64.64	-135.81
Operating Margin	20.67%	14.36%	20.37%	5.09%	14.48%	18.90%
Profit Margin	18.61%	12.74%	15.86%	2.48%	10.07%	13.62%
Free Cash Flow Margin	-	-1.92%	48.33%	-2.36%	-9.02%	-17.88%
Effective Tax Rate	30.97%	34.99%	32.42%	46.55%	35.71%	31.17%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.