Marusan Securities Co., Ltd. told the Tokyo Stock Exchange on July 16 that its preliminary operating profit for the quarter from April to June came to ¥1.75bn, up from ¥395mn in the same quarter last year. The Tokyo Prime-listed broker (code 8613) said operating revenue for the quarter rose to ¥6.25bn from ¥4.37bn, ordinary profit rose to ¥2.07bn from ¥671mn, and net income rose to ¥1.41bn from ¥1.38bn.
Management attributed the revenue increase to higher stock brokerage commissions, investment trust sales commissions and trust fees, without breaking out how much each category contributed. Earnings per share for the quarter came to ¥21.31, against ¥20.92 a year earlier, and book value per share rose to ¥802.12 from ¥715.96.
| Metric | Latest quarter (preliminary) | Year-ago quarter | Change |
|---|---|---|---|
| Operating revenue | ¥6.25bn | ¥4.37bn | +43.2% |
| Operating profit | ¥1.75bn | ¥395mn | +342.6% |
| Ordinary profit | ¥2.07bn | ¥671mn | +208.1% |
| Net income | ¥1.41bn | ¥1.38bn | +2.1% |
| Earnings per share | ¥21.31 | ¥20.92 | - |
| Book value per share | ¥802.12 | ¥715.96 | - |
The figures are preliminary. Marusan is due to publish its formal first-quarter results on July 30, and the company itself warns that the numbers above are a reasonable current estimate that could differ from the audited figures. The disclosure does not break out commission income by product line beyond the three categories named, so how much of the swing came from equities trading versus fund sales is not yet disclosed.