Matsui Securities Co (8628) Q1 2027 earnings summary

Executive summary

• Operating revenues for 1Q FY2026 rose 52% year-over-year to ¥17,299 million, with net income up 95% to ¥5,609 million.

• Operating profit surged 88% to ¥8,763 million, and ordinary profit climbed 95% to ¥8,856 million.

• Growth was driven by record-high brokerage trading value, increased trading activity among individual investors, and favorable market conditions.

Financial highlights

• Net operating revenues increased 48% year-over-year to ¥15,885 million.

• Commissions, especially from equity and ETF trading, increased 74% year-over-year; brokerage commissions up 68.9% to ¥8,440 million.

• Net interest income grew 55% year-over-year, benefiting from higher deposits and rising interest rates.

• SG&A expenses rose 18% year-over-year, mainly from higher trading-related and advertising costs.

• Extraordinary losses totaled ¥681 million, primarily from a provision for financial instruments transaction liabilities and valuation losses on investment securities.

Outlook and guidance

• Every 25bp policy rate hike is expected to add ¥0.75 billion in annual net interest income.

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

• Focus on expanding product lineup, enhancing UI/UX, and exploring new business areas.