October 2016 Matsui Securities Co., Ltd. (First Section of TSE: 8628) Annual Results for 2QFY2016
October 2016
Matsui Securities Co., Ltd. (First Section of TSE: 8628)
Annual Results for 2QFY2016
1
Table of Contents
Section 1 Financial Summary 6
Section 2 Results of Operation 15
Section 3 Recent Developments 22
305 308
258
224 231
8.7%9.2%
8.3%
9.0% 8.9%
0%
2%
4%
6%
8%
10%
0
100
200
300
400
2QFY15
3Q 4Q 1QFY16
2Q
(JPY bn)
3.7% 3.6%3.8%
4.2%
3.9%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
2QFY15
3Q 4Q 1QFY16
2Q
10.4
8.9 9.6 9.2 8.6
5.2 4.6
5.4 5.3 5.3
11.7%12.4% 12.7%
13.5% 13.8%
0%
3%
6%
9%
12%
15%
0
3
6
9
12
15
2QFY15
3Q 4Q 1QFY16
2Q
(JPY tn) Margin Trading Service for Day-trades
4.9 4.84.4 4.3
3.9
9.6 9.69.9 10.0 10.0
2
4
6
8
10
12
2QFY15
3Q 4Q 1QFY16
2Q
(bp)Excluding “Margin Trading Service for Day-trades”
2
Results of Operation ◆ Equity trading value / Market share
◆ Margin balance / Market share
◆ Equity commission rate
◆ Net financial income ratio
4,559
3,2732,865 2,828
2,277
20.0%
14.3%
12.5% 12.4%
10.0%
0%
5%
10%
15%
20%
25%
0
2,000
4,000
6,000
8,000
10,000
2QFY15
3Q 4Q 1QFY16
2Q
(JPY mn)
66% 63%58%
55% 52%
0%
20%
40%
60%
80%
2QFY15
3Q 4Q 1QFY16
2Q
9,304
8,071 7,823 7,463
6,284
0
2,000
4,000
6,000
8,000
10,000
2QFY15
3Q 4Q 1QFY16
2Q
(JPY mn)
6,148
5,057 4,569
4,084 3,296
0
2,000
4,000
6,000
8,000
10,000
2QFY15
3Q 4Q 1QFY16
2Q
(JPY mn)
3
Financial Results
◆ Operating revenue ◆ Ordinary income
◆ Net income / ROE1
◆ Ordinary income ratio
Note 1: Annualized on each quarter
4
Financial Highlights
◆ Operating revenues down JPY 1,180 million QoQ
• Commissions were down JPY 710 million due to decline of equity trading value.
• Interest & dividend income was down JPY 470 million due to decline of average margin
balance and revenue from Premium Short-Selling Service.
◆ SG&A down JPY 450 million QoQ
• JPY 440 million of provision for doubtful receivables for customers’ margin transaction of
Acucela Inc. was posted in 1Q. SG&A excluding the provision was down JPY 80 million QoQ.
• Trading related expenses were down JPY 40 million due to decline of equity trading value.
65
52
81 84
118109
77
54
6863 63
7683
10091
84
2 24 6
11 11 9 7 10 10 11 14 16 20 19 183%
4%5%
7%
10%10%
12%14%
14%
16%17%
18%19%20%
21%22%
0%
5%
10%
15%
20%
25%
0
50
100
150
200
FY01 FY04 FY07 FY10 FY13 FY161Q
(JPY tn)
Equity holdings by individuals
Equity holdings by 5 on-line brokers
Proportion of equity holdings by 5 on-line brokers
52 54
112
156
338
295248
168157
131113
158
389
314331
255
16 20
55
93
193189
174
128121107
93
129
323
267279
228
30%
37%
49%
59%57%
64%70%
76%77%81%82%82%83%85%84%
89%
0%
20%
40%
60%
80%
100%
0
100
200
300
400
FY01 FY04 FY07 FY10 FY13 FY16(Annualize)
Equity trading value of individuals
Equity trading value of 7 on-line brokers
Proportion of trading value of 7 on-line brokers
(JPY tn)
5
Overview of Retail Equity Trading Market
◆Equity trading value of individuals1
(FLOW)
◆ Equity holdings by individuals1
(STOCK)
Source: TSE, Company data, Company Website, BOJ
Note 1: 5 on-line brokers are Matsui, SBI, Rakuten, Monex and Kabu.com
Note 1: 7 on-line brokers include the 5 brokers and GMO Click and Okasan Online
Note 2: Super active traders : number of trades per month is over 100 times
Super active
traders2
JPY 170 tn (Estimate)
Financial Summary
Section 1
(JPY mn)
Operating Revenues 13,747 15,894 -14% 18,540 -26% 34,435
Commissions 8,435 9,943 -15% 11,798 -29% 21,742
Interest & dividend income 5,309 5,947 -11% 6,735 -21% 12,682
Interest expenses 506 638 -21% 793 -36% 1,431
Net operating revenues 13,241 15,256 -13% 17,747 -25% 33,003
SG & A 5,921 5,670 4% 5,588 6% 11,258
Operating income 7,320 9,586 -24% 12,159 -40% 21,745
Ordinary income 7,380 9,626 -23% 12,208 -40% 21,833
Net income 5,105 6,138 -17% 8,625 -41% 14,763
Ordinary income ratio 54% 61% - 66% - 63%
17.8 18.5 -4% 20.3 -12% 38.9
2.9 3.3 -12% 3.5 -16% 3.4 Daily average trading
value on TSE (JPY tn)
Matsui's trading value (JPY tn)
TOTALYoY
FY15
1HF 2HF HFoHF
FY16 FY15
1HF
7
Summary of Financial Results (1HF FY16)
Source: TSE
(JPY mn)
Commissions 8,435 9,943 -15% 11,798 -29% 21,742
7,912 9,302 -15% 11,112 -29% 20,414
Equity & ETF 7,394 8,539 -13% 10,359 -29% 18,898
Futures & Options 518 762 -32% 754 -31% 1,516
523 592 -12% 686 -24% 1,278
Net trading income 1 2 -23% 4 -67% 6
Interest & dividend income (1) 5,309 5,947 -11% 6,735 -21% 12,682
Total operating revenues 13,747 15,894 -14% 18,540 -26% 34,435
Interest expenses (2) 506 638 -21% 793 -36% 1,431
Net operating revenues 13,241 15,256 -13% 17,747 -25% 33,003
Net interest income (1) - (2) 4,802 5,308 -10% 5,942 -19% 11,250
Average margin balance (JPY bn) 236 286 -17% 327 -28% 306
Brokerage
Others
FY16 FY15YoY
FY15
1HF 2HF HFoHF 1HF TOTAL
8
Breakdown of Net Operating Revenue (1HF FY16)
(JPY mn)
Trading related expenses 2,093 2,278 -8% 2,396 -13% 4,674
700 819 -15% 919 -24% 1,738
Communications expenses 816 851 -4% 840 -3% 1,692
Advertisement 204 232 -12% 243 -16% 475
1,116 1,077 4% 1,101 1% 2,178
Occupancy & rental 447 443 1% 446 0% 890
874 853 3% 860 2% 1,713
Depreciation 634 608 4% 568 12% 1,175
189 128 47% 160 18% 288
511 227 124% -11 - 216
Others 56 56 0% 67 -16% 123
Total SG & A 5,921 5,670 4% 5,588 6% 11,258
Provision of allowance
for doubtful accounts
Personnel expenses
Stock exchanges and securities
associations fees
Data processing & office supplies
Taxes and dues
FY16 FY15YoY
FY15
1HF 2HF HFoHF 1HF TOTAL
9
Breakdown of SG&A (1HF FY16)
(JPY mn)
Operating Revenues 6,284 7,463 -16% 7,823 8,071 9,304 -32% 34,435
Commissions 3,862 4,572 -16% 4,997 4,946 5,918 -35% 21,742
Interest & dividend income 2,420 2,889 -16% 2,823 3,123 3,382 -28% 12,682
Interest expenses 255 251 2% 316 323 345 -26% 1,431
Net operating revenues 6,029 7,212 -16% 7,507 7,749 8,959 -33% 33,003
SG & A 2,737 3,184 -14% 2,938 2,732 2,817 -3% 11,258
Operating income 3,292 4,028 -18% 4,569 5,017 6,143 -46% 21,745
Ordinary income 3,296 4,084 -19% 4,569 5,057 6,148 -46% 21,833
Net income 2,277 2,828 -19% 2,865 3,273 4,559 -50% 14,763
Ordinary income ratio 52% 55% - 58% 63% 66% - 63%
8.6 9.2 -7% 9.6 8.9 10.4 -18% 38.9
2.9 3.0 -6% 3.5 3.2 3.6 -21% 3.4 Daily average trading
value on TSE (JPY tn)
Matsui's trading value (JPY tn)
FY16QoQ YoY
FY15FY16
TOTAL2Q4Q 3Q
FY15
2Q 1Q
10
Summary of Financial Results (Quarterly)
Source: TSE
(JPY mn)
Commissions 3,862 4,572 -16% 4,997 4,946 5,918 -35% 21,742
3,604 4,308 -16% 4,682 4,620 5,546 -35% 20,414
Equity & ETF 3,384 4,010 -16% 4,253 4,286 5,128 -34% 18,898
Futures & Options 220 298 -26% 429 334 418 -47% 1,516
258 265 -2% 315 277 372 -31% 1,278
Net trading income 0 1 -53% 1 1 2 -80% 6
Interest & dividend income (1) 2,420 2,889 -16% 2,823 3,123 3,382 -28% 12,682
Total operating revenues 6,284 7,463 -16% 7,823 8,071 9,304 -32% 34,435
Interest expenses (2) 255 251 2% 316 323 345 -26% 1,431
Net operating revenues 6,029 7,212 -16% 7,507 7,749 8,959 -33% 33,003
Net interest income (1) - (2) 2,165 2,638 -18% 2,508 2,801 3,037 -29% 11,250
Average margin balance (JPY bn) 224 249 -10% 264 307 329 -32% 306
TOTAL
FY15YoY
3Q 2Q
FY16 FY16
2Q 1Q 4QQoQ
FY15
Brokerage
Others
11
Breakdown of Net Operating Revenue (Quarterly)
(JPY mn)
Trading related expenses 1,027 1,067 -4% 1,156 1,122 1,199 -14% 4,674
329 370 -11% 432 387 456 -28% 1,738
Communications expenses 406 410 -1% 429 423 421 -3% 1,692
Advertisement 102 101 1% 112 120 122 -16% 475
557 559 -0% 536 542 584 -5% 2,178
Occupancy & rental 221 226 -2% 222 221 219 1% 890
435 439 -1% 424 428 419 4% 1,713
Depreciation 322 312 3% 309 298 288 12% 1,175
85 104 -18% 66 62 80 6% 288
70 441 -84% 206 21 - 0 - 216
Others 19 37 -47% 19 37 28 -30% 123
Total SG & A 2,737 3,184 -14% 2,938 2,732 2,817 -3% 11,258
FY15
TOTAL
FY16YoY
2Q1Q 4Q 3Q2Q
FY16QoQ
FY15
Personnel expenses
Data processing & office supplies
Taxes and dues
Provision of allowance
for doubtful accounts
Stock exchanges and securities
associations fees
12
Breakdown of SG&A (Quarterly)
228
139
188166 171
293309
330
258231
707%
865%
993%
1,143%1,211%
846%
771%
843%
1,035%
1,162%
0%
200%
400%
600%
800%
1,000%
1,200%
0
100
200
300
400
500
600
FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY162Q
(JPY bn)
Margin trading balance Capital adequacy ratio
(JPY mn)
Tier 1 (A) 87,248
Tier 2 Net unrealized gain on investment 1,930
Statutory reserves 3,349
Allowance for doubtful accounts 98
Sub total (B) 5,377
Assets to be deducted from equity capital (C) 6,029
(A) + (B) - (C) (D) 86,596
Total risk Market risk 434
Counterparty risk 4,418
Basic risk 2,598
Total (E) 7,450
Capital Adequacy ratio (D)/(E) 1,162%
Net Capital
13
Regulatory Capital
◆ Capital adequacy ratio
(As of 30 September 2016)
◆ Margin trading balance and capital
adequacy ratio
23 20
10 15 15 15
20 20 20 20
30
2025
13
1546%42%
38%
50%
71%
90%
80% 79%
66%
78%
65%
0%
20%
40%
60%
80%
100%
0
10
20
30
40
50
FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY162Q
(Yen)
Year-end dividend Interim dividend
Commemorative dividend Payout ratio
◆ Dividend policy1
14
Shareholders Return
◆ Matsui’s dividend per share and payout ratio2
Plan to pay interim dividend of 13 yen per share for FY16
• Dividends Payout Ratio:
Between 60% and 100% inclusive
and
• Dividends on Equity(DOE) : 7% and above
• Interim : Plan to pay 13 yen per share
• Dividends payout ratio : 65%
• DOE : 7%
(ROE : 11%)
Note 1 : Dividend policy has been revised on April 2015(formerly, 30% and above on dividends payout ratio)
Note 2 : Payout ratio for the ordinary dividend
◆ Dividends for FY16
Results of Operation
Section 2
8.79.0
9.5
8.1
9.59.9
9.29.9
10.4
8.99.6
9.28.6
6.5 6.77.6
6.67.6 7.8
7.07.6
8.3
7.28.0 7.7
7.4
10%10%
12%12%12%
11%11%11%
12%12%
13%14%14%
0%
3%
6%
9%
12%
15%
0
4
8
12
16
2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
Matsui's trading value
Matsui's margin trading value
Matsui's share of retail trading value
(JPY tn)
84
94
78
66
77
8981
90 89
72 7668
62
53 55 5245
5057
5056 58
4651
46 44
28%28%
23%23%
27%
23%22%22%
21%20%
18%19%19%
0%
10%
20%
30%
0
30
60
90
120
150
2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
(JPY tn)
Retail equity trading value
Retail margin trading value
Proportion to total equity trading value
16
Equity Trading Value
◆ Matsui’s equity trading value and
its market share1
◆ Retail equity trading value1 and
proportion to total equity trading value
Source: TSE
Note 1: Sum of the retail equity trading value on 2 major stock exchanges
FY16 FY13 FY16 FY13 FY14 FY14 FY15 FY15
3.0 3.1 3.1
2.7 2.73.0 3.0
3.2 3.33.1
2.8
2.3 2.2
48%
54%51%
53%54%54%54%55%53%
57%
51%
56%
0%
20%
40%
60%
0
1
2
3
4
5
2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
(JPY tn)
Total shares bought on margin trading
Share of 6 on-line brokers
27
4 29
1
27
9
25
9
26
3
27
4
27
7
28
6
28
2
28
3
22
8
20
6
19
7
76 80
74
74 77
76 78
80
69 72
61
59
59
9%9%
9%9% 10%
9% 9% 9%9%
9%
8%9% 9%
0%
3%
6%
9%
12%
0
100
200
300
400
2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
(JPY bn)
Shares bought on marginUnlimitedMatsui's share
17
Margin Trading Balance
◆ Matsui’s shares bought on margin1
and its market share2
◆Total shares bought on margin1 and
share of 6 on-line brokers3
Source: TSE, Company Websites
Note1 : Balance as of the end of each quarter
Note2 : Total market share in 2 major stock exchanges
Note3: 6 on-line brokers are Matsui, SBI, Rakuten, Monex, Kabu.com and GMO Click
FY13 FY16 FY13 FY16 FY14 FY14 FY15 FY15
0.0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
-60%
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16
(JPY tn)
Matsui's shares bought on margin (right axis) Average (left axis)
Normal (left axis) Unlimited (left axis)
Shares listed on the emerging markets (left axis)
18
Unrealized Losses on Matsui’s Margin Balance
As of 21 October 2016
Average -8.5%
Normal margin balance -4.2%
Unlimited margin balance -18.5%
Margin balance of shares listed on the emerging
markets -13.7%
1.671.641.75
1.50
1.67 1.70
1.52
1.571.67
1.46
1.61 1.63
1.52
0.0
0.5
1.0
1.5
2.0
2.5
2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
(X)
1,9
34 2,0
64
1,9
17 2,0
19
2,0
82
2,1
25
2,2
16
2,3
11
2,1
76
2,2
22
2,0
64
1,9
76
2,0
37
-2
-12 4
1
3 2 5 18
-15
54
0
75
29
11
0
5,000
10,000
15,000
20,000
0
500
1,000
1,500
2,000
2,500
3,000
2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
(JPY yen)(JPY bn)
Assets under Matsui's customers' accountsNet inf low in cash and stocksNikkei 225
19
Assets under Customers’ Accounts / Trading Turnover
◆ Assets under Matsui’s customers’ accounts
◆ Equity trading turnover1 of Matsui’s
customers
Note 1: Equity trading turnover = (monthly average trading value) / (quarterly average assets
under customers’ accounts*)
* assets under customers’ accounts of Matsui’s related persons are excluded
Note 2: Nikkei 225 is the closed price at the end of each quarter
FY15 FY13 FY16 FY13 FY16 FY14 FY14 FY15
Sep.201654%
0%
20%
40%
60%
80%
800,000
850,000
900,000
950,000
1,000,000
1,050,000
1,100,000
Oct-14 Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 Apr-16 Jul-16
# of accounts # of new accounts
Proportion of beginner
0%
20%
40%
60%
80%
100%
FY11 FY12 FY13 FY14 FY15 2QFY16
Before FY05
FY06 FY07 FY08 FY09 FY10
FY11 FY12 FY13 FY14 FY15 FY16
20
Number of Accounts / Breakdown of Trading Value
◆ Breakdown of trading value by customers
opening the accounts in each fiscal year
Note 1: Number of accounts as of the end of each month.
◆ Number of accounts at Matsui1
# of accounts 1,073,023
# of margin accounts 173,347
(as of Sep. 2016)
8.49.2 9.5
7.68.6
12.513.8
16.3
19.1
15.8
17.8
12.0
9.1
2.9
5.3
7.26.1
7.9
5.5
4.2
20%20%20%
19%
20%
18%
20%21%
19%
21%20%20%20%
0%
5%
10%
15%
20%
0
5
10
15
20
25
2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
(JPY tn)
Futures trading valueTrading value of Futures trading service for day-tradesMatsui's share
3.0 2.9 3.0
2.12.7
6.3
6.0
4.8
5.6
3.6
4.2
2.92.3
74 73
91
58
82
134
151 146
162
108120
94
70
0
40
80
120
160
0.0
2.0
4.0
6.0
8.0
10.0
2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
(JPY mn)(JPY tn)
NetFx trading value NetFx commission
21
Futures Trading Value / FX Margin Trading Value
◆ Matsui’s OSE Nikkei 225 Futures
trading value and its market share1
FY16 FY15 FY13 FY14
Feb. 2015
Add OSE Nikkei 225 Futures
trading service for day-trades
◆Matsui’s OTC FX trading value and
commission
FY16 FY13 FY14 FY15
Source : OSE
Recent Developments
Section 3
23
Corporate Strategy
We are to provide superior quality of trading platform for retail
investors based upon "customer-centric approach" Business Principle
Business Strategy
Stimulate demand for customers and offer services in advance of
other firms
Develop unique and innovative services regardless of industry
practice or tradition
Focus on profitable online based brokerage business in Japan
Basic Policy for
Service Development
Continue to focus on expansion of services for active customers
e.g. Margin trading services for day-trades, Premium short-selling
services, Intraday-trading service for Nikkei 225 Futures
Develop suitable services for inactive but affluent customers and
customers who are building assets for the future
(who have low transaction value but high assets in custody)
e.g. New trading platform “Netstock Smart”, Robo-advisor
24
◆Features of new website
Redesign of Website
Launch the Company’s new website in October 2016 aiming to enhance
new customers’ acquisition in response to start of mutual fund business
New design and revision of contents
Renovate the basic design using corporate
color of deep green and rebuild the structure
of website to improve customer usability.
Adoption of responsive web design
Improve the accessibility from smartphones
and tablets by adopting responsive web
design.
Expansion of market information
Expand market information such as mutual
funds information etc.
25
Features of our asset allocation service
Offer the competitive fees and commissions being lot inexpensive
• Line-up of no-load mutual funds with the lowest level of custodian fees
(wide selection of globally diversified asset classes)
• Provide optimum diversified investment portfolio based on the assessment or
profiling of customers’ financial goal or risk tolerance through Robo-advisor
Support long-term diversified investment management for wide range of
customer class
• Lower minimum investment amount and saving type of investment function
to support asset building of younger generation
• Customized function for investment portfolio to support customers with
comprehensive financial literacy
Mutual Fund Business
Plan to start dealing with mutual funds and to simultaneously offer the
asset allocation service based on Robo-advisor within the year 2016
33.0%
28%
30%
32%
34%
36%
38%
40%
42%
44%
46%
20
12
/09
20
12
/12
20
13
/03
20
13
/06
20
13
/09
20
13
/12
20
14
/03
20
14
/06
20
14
/09
20
14
/12
20
15
/03
20
15
/06
20
15
/09
20
15
/12
20
16
/03
20
16
/06
20
16
/09SBI
6.9%
16.1%14.9%
14.4%
6.4%
3.4%
9.4%10.4%
12.3%
11.5%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
Matsui SBI Rakuten Monex Kabu.com GMO Click
(-0.5%)
(-0.8%)
(-3.0%)
(+1.0%)
(+9.2%)
55% 56%
62%
0%
10%
20%
30%
40%
50%
60%
70%
0.0
0.5
1.0
1.5
2.0
2.5
Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16
(JPY tn)Trading value of Margin Trading Service for Day-tradesProportion of Margin Trading Service for Day-trades
26
◆Trading results
Source: TSE, Company Website
Note 1 : Market share of 6 on-line brokers in retail margin trading value
Margin Trading Service for Day-trades
◆Market share1 of margin trading value
Implement continuous improvements such as
increase number of eligible stocks for the Premium
Short-Selling Service, development of trading tools,
expansion of investment information including
trading report for each customer etc. Market share
has been growing by exercising these
improvements.
◆ Recent developments
Rank NISA Account Junior Account
1Mizuho Financial Group, Inc.
(8411)Oriental Land Co., Ltd. (4661)
2Mitsubishi UFJ Financial
Group, Inc. (8306)Mizuho Financial Group (8411)
3 Aeon Co., Ltd. (8267)Mitsubishi UFJ Financial
Group, Inc. (8306)
4 ANA Holdings Inc. (9202) Bic Camera Inc. (3048)
5 Canon Inc. (7751)Toyota Motor Corporation
(7203)
16%
13%11% 10% 11%
39%
27%
19% 17%
37%
0%
10%
20%
30%
40%
50%
under 200 200 ~ 400 400 ~ 600 600 ~ 800 800 ~ 1,000 1,000 ~ 1,200
(JPY td)
NISA Account (Average investment value per account: 730,000yen)
Junior NISA Account (ditto: 450,000yen)
NISA Junior NISA
Total number of accounts 110,826 2,186
Number of active accounts3 59,743 1,049
Active account ratio 54% 48%
Total investment value(JPY mn)4 43,650 473
Customers' assets(JPY mn)5 66,861 413
27
NISA Active account ratio for NISA1 is 54%, the highest level among 5 online securities brokers2
◆ Number of NISA accounts and customers’ assets
(as of September 2016)
Note 1 : Japanese version of Individual Savings Account. Note 4 : Total purchased amount that has delivered since Jan. 2016.
Note 2 : Source: QUICK corp. and KINZAI institute Note 5 : Total amount that has purchased since 2014.
Note 3 : NISA account which has at least one transaction since Jan. 2016.
◆ Distribution of the invested amount
(as of September 2016)
◆ Top 5 ranking in trading value
(from July to September 2016)
◆Situation of NISA
NISA has been introduced since January 2014 and
Junior NISA has also been introduced since April 2016.
The increase of Junior NISA accounts in 2nd quarter is
slower than 1st quarter, however the active account ratio
is increasing gradually.
Customers tend to prefer stocks with high dividend yield
on NISA accounts. On Junior NISA accounts, customers
prefer certain stocks which have gifts for shareholders,
and those stocks such as Oriental Land, Bic Camera etc.
became the top ranking in trading value in 2nd quarter.
The material is intended to provide the financial results for the quarter ended 30 September 2016 and
the company‘s business strategy, and does not constitute a solicitation of an offer to buy the securities
issued by the company. The material is created based upon information as of 27 October 2016. The
information herein identifies our views at the time of creation of the material, and the company does
not make any representation or warranty as to its accuracy or completeness, therefore, the information
may be changed without any notices. The company does not assume responsibility for any omissions
or errors of any data and descriptions in the material.
This presentation may contain forward looking information. Please keep in mind that they are based on
projections of the company and subject to changes depending on the situation. We will under no
circumstances assume the obligation to revise this presentation in case such situation occurs.
Matsui Securities Co., Ltd. URL: http://www.matsui.co.jp/ir/en/
Tel: +81-3-5216-0784 Fax: +81-3-5216-8638
Mail: [email protected]
Akira WARITA, Managing Director : [email protected]
Kumiko Hayashi : [email protected]
Contact information