Published On: Tue, Apr 29th, 2014

JPX Consolidated Financial Results For The Year Ended March 31 2014

Atsushi Saito, JPX Group CEO

Atsushi Saito, JPX Group CEO

 

 

 

 

 

1. Consolidated Financial Results for the year ended March 31, 2014 (April 1, 2013 to March 31, 2014)

(1) Operating results

(Figures less than a million yen are discarded)
(Percentages represent year-on-year change)

Operating revenue
Operating income
Ordinary income
Net income
million yen
%
million yen
%
million yen
%
million yen
%
Year ended March 31, 2014 116,251 62.1 51,120 161.4 52,801 144.1 29,835 172.7
Year ended March 31, 2013 71,708 19,555 21,631 10,941

(Note)
Comprehensive income: Year ended March 31, 2014: ¥28,990 million/86.4%
Year ended March 31, 2013:¥15,550 million /-%

Net income per share
Diluted net income per share
Return on equity
Ratio of ordinary income to total assets
Ratio of operating income to operating revenue
yen
yen
%
%
%
Year ended March 31, 2014 108.68 16.0 3.9 44.0
Year ended March 31, 2013 64.59 6.2 1.7 27.3

(Reference)
Share of profit (loss) of entities accounted for using equity method:
Year ended March 31, 2014:¥55 million
Year ended March 31, 2013:¥395 million
*Due to a 5-for-1 stock split which was conducted with an effective date of October 1, 2013, the net income per share and the net assets per share are calculated as if such stock split was implemented at the beginning of the previous consolidated accounting year.

(2) Financial position

Total assets
Total net assets
Equity capital ratio
Net assets per share
million yen
million yen
%
yen
As of March 31, 2014 1,403,713 202,018 14.0 715.19
As of March 31, 2013 1,276,386 179,077 13.8 643.01

(Reference)
Shareholders’ equity:
As of March 31, 2014: ¥196,342 million
As of March 31, 2013: ¥176,529 million
*Clearing deposit money, etc. based on various rules which secure the safety of securities trading, etc. are recorded as the JPX group’s assets and liabilities. Clearing deposit money, etc. are large in amount and fluctuate daily and, as a result, the above amounts are significantly impacted by such fluctuations. For the consolidated financial position of the JPX group excluding clearing deposit money, etc., please refer to page 6″1. QUALITATIVE INFORMATION ON OPERATING RESULTS AND FINANCIAL POSITION, (2) Explanation on Financial Position” of the Appendix.

(3) Cash flows

Net cash provided by (used in) operating activities
Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities
Cash and cash equivalents at end of period
million yen
million yen
million yen
million yen
Year ended March 31, 2014 62,722 30,035 (71,362) 50,713
Year ended March 31, 2013 23,928 (109,659) 87,248 29,308

2. Dividends

Dividends per share
Total Cash dividends
Dividend payout ratio
Ratio of dividends to net assets
First quarter
Second quarter
Third quarter
Fiscal year end
Annual
yen
yen
yen
yen
yen
million yen
%
%
Year ended March 31, 2013 80.00 80.00 4,392 24.8 2.5
Year ended March 31, 2014 80.00 27.00 11,804 39.6 6.3
Year ending March 31, 2015 (Forecast) 18.00 18.00 36.00 47.1

*Dividends payout ratio is calculated based on the average number of shares outstanding (33,881,156 shares) during the period from April 1, 2012 to March 31, 2013, which includes the period before the business combination. Based on the average number of shares outstanding (54,906,910 shares) during the period after the business combination from January 1, 2013 to March 31, 2013, the dividends payout ratio will be 40.1 %.
A 5-for-1 stock split was conducted with an effective date of October 1, 2013. Dividends for the year ended March 31, 2013 and the end of the second quarter of the year ended March 31, 2014 are actual amounts before said stock split. The dividend payout ratio (consolidated) and the ratio of dividends to net assets (consolidated) for the year ended March 31, 2014 are calculated based on the assumption that said stock split was conducted at the beginning of the consolidated accounting year.
JPX is scheduled to adopt International Financial Reporting Standards (hereafter “IFRS”) to its financial reports from the year-end earnings results for the year ending March 31, 2015. The dividend forecasts for said fiscal period were calculated based on net income of ¥24.5 billion with impact from IFRS adoption, and the corresponding dividend payout ratio is 40.3%. For the consolidated earnings forecast calculated with impact from IFRS adoption, please refer to page 8″1. QUALITATIVE INFORMATION ON OPERATING RESULTS AND FINANCIAL POSITION, (3) Explanation on Forecast Information such as Consolidated Earnings Forecast, etc.,(i) Consolidated Earnings Forecast”.

3. Forecast for the Fiscal Year ending March 31, 2015 (April 1, 2014 to March 31, 2015)

(Percentages represent year-on-year change)

Operating revenue
Operating income
Ordinary income
Net income
Net income per share
million yen
%
million yen
%
million yen
%
million yen
%
yen
For Year ending March 31, 2015 93,000 (20.0) 34,500 (32.5) 36,500 (30.9) 21,000 (29.6) 76.49

* The above consolidated forecast is based on the Japanese standards. JPX is scheduled to adopt IFRS from the year-end earnings results for the year ending March 31, 2015. If the forecast were to be calculated with impact from IFRS adoption, each income figure is expected to increase by ¥3.5 billion, resulting in net income of ¥24.5 billion. For the consolidated earnings forecast calculated with impact from IFRS adoption, please refer to page 8″1. QUALITATIVE INFORMATION ON OPERATING RESULTS AND FINANCIAL POSITION,(3) Explanation on Forecast Information such as Consolidated Earnings Forecast, etc.,(i) Consolidated Earnings Forecast”.

About the Author

-

IRP Journal

IRP Journal

Sponsor

OPINION POLL

Poll results are published in our Weekly Newsletter -->
subscribe
All Rights Reserved WIld Wild Web Limited