Published On: Fri, Jul 25th, 2014

JPX Consolidated Financial Results For Three Months Ended June 30 2014

Atsushi Saito, JPX Group CEO -

Atsushi Saito, JPX Group CEO –

 

 

 

 

 

1. Consolidated Financial Results for three months ended June 30, 2014
(April 1, 2014 to June 30, 2014)

(1) Operating results

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

Operating revenue
Operating income
Ordinary income
Net income
million yen
%
million yen
%
million yen
%
million yen
%
Three months ended June 30, 2014
24,763
(31.4)
10,848
(39.5)
11,451
(38.6)
7,068
(36.9)
Three months ended June 30, 2013
36,099
17,943
18,655
11,209

(Note)
Comprehensive income:
Three months ended June 30, 2014: ¥ 7,821 million / (25.1)%
Three months ended June 30, 2013: ¥10,440 million /-%

Net Income per share
Diluted net income per share
yen
yen
Three months ended June 30, 2014
25.75
Three months ended June 30, 2013
40.83

* Due to a 5-for-1 stock split which was conducted with an effective date of October 1, 2013, the net income per share for three months ended June 30, 2013 is calculated as if such stock split was implemented at the beginning of the consolidated accounting year.

(2) Financial position

Total assets
Total net assets
Equity capital ratio
million yen
million yen
%
As of June 30, 2014
1,449,497
203,424
13.6
As of March 31, 2014
1,403,713
202,018
14.0

(Reference)
Shareholders’ equity:
As of June 30, 2014: ¥ 197,662 million As of March 31, 2014: ¥196,342 million

*Note to financial position
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.

2. Dividends

Dividend per share
First quarter
Second quarter
Third quarter
Fiscal year end
Annual
yen
yen
yen
yen
yen
Year ended March 31, 2014
80.00
27.00
Year ending March 31, 2015
Year ending March 31, 2015 (Forecast)
18.00
18.00
36.00

(Note) Change in dividend forecasts from the most recent announcement: None
* A 5-for-1 stock split was conducted with an effective date of October 1, 2013. Dividends for the second quarter of the year ended March 31, 2014 are actual amounts before said stock split.
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%.

3. Consolidated Earnings 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

(Note)
Change in performance forecasts from the most recent announcement: None
* The above earnings 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.

*Notes
(1) Changes in significant subsidiaries during the period (Changes in specified subsidiaries that caused changes in the scope of consolidation): None

(2) Adoption of peculiar accounting methods for quarterly consolidated financial statements: None

(3) Changes in accounting policies / changes in accounting estimates / restatements
i) Changes pursuant to revision of accounting policies: Yes
ii) Changes other than the above: None
iii) Changes in accounting estimates: Yes
iv) Restatements: None

(4) Number of issued shares (common stock)
i) Number of issued shares at the end of the period (including treasury shares):
As of June 30, 2014: 274,534,550 shares
As of March 31, 2014: 274,534,550 shares
ii) Number of treasury shares at the end of period:
As of June 30, 2014: 2,655 shares
As of March 31, 2014: 2,655 shares
iii) Average number of shares:
Three months ended June 30,2014: 274,531,895 shares
Three months ended June 30,2013: 274,534,214 shares
(Note) Due to a 5-for-1 stock split which was conducted with an effective date of October 1, 2013, the number of shares for three months ended June 30, 2013 is calculated as if such stock split was
implemented at the beginning of the consolidated accounting year.

*Disclosure regarding the execution of the quarterly review process
This release is outside the scope of the external auditor’s quarterly review procedure which is required by the “Financial Instruments and Exchange Act”. Therefore, the quarterly review process has not been completed as of this disclosure in this release.

*Explanation of appropriate use of forecast and other special items
This material contains earnings forecast and other forward-looking statements which are based on available information and certain assumptions that are considered reasonable at the time of preparation. Various factors may cause actual results, etc. to be materially different from those expressed in these forward-looking statements.

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