Matsui Securities Co (8628) Q1 2026 earnings summary

Executive summary

• Operating revenues for 1Q FY2025 rose 15% year-over-year to JPY 11,407 million, with net operating revenues up 13% to JPY 10,713 million.

• Operating income increased 10% year-over-year to JPY 4,668 million, while ordinary income grew 7% to JPY 4,536 million.

• Net income declined 1% year-over-year to JPY 2,872 million, mainly due to compensation expenses for fraudulent transactions.

• Trading value increased 13% year-over-year to JPY 15.2 trillion, driven by market volatility and strong stock price recovery.

• New initiatives included e-sports sponsorship, digital content expansion, and enhanced security measures.

Financial highlights

• Net trading income surged 153% year-over-year to JPY 1,759 million, mainly from FX trading profits.

• Commissions and brokerage revenues were stable, each up 1% year-over-year to JPY 5,246 million and JPY 4,996 million, respectively.

• Net interest income rose 5% year-over-year to JPY 3,708 million, supported by higher interest rates.

• SG&A expenses increased 16% year-over-year, with notable rises in personnel (26%), advertisement (29%), and security-related costs.

• Extraordinary losses included compensation for customers affected by unauthorized account access.

Outlook and guidance

• Focus on expanding product lineup, including forex and U.S. stocks, and enhancing service quality and customer support.

• Continued efforts to build a strong corporate brand and grow the customer base.

• No earnings forecast disclosed due to high sensitivity to market conditions; major figures are disclosed monthly.