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Financial Overview of Fiscal 2007
Fiscal 2007, ended March 31, 2008, the Nikkei Average declined sharply, closing
below the psychological ¥12,000 level for the first time in two years and seven
months. Meanwhile, Tokyo Stock Exchange witnessed active trading with average
daily trading volume of over two billion shares. Driven by the volume growth,
the number of shares handled by book-entry transfer system under JASDEC depository
and the custody balance increased steadily. As a result, operating income grew
15.3% to ¥26,022 million. On the other hand operating expenses rose 21.5% to
¥21,729 million, lending to 8.1% drop in income from operations, to ¥4,292 million,
and a 41.6% decline in net income to ¥1,547 million.
| Total operating income |
26,022 |
| Total operating expense |
21,729 |
| Income from operation |
4,292 |
| Income (before income taxes) |
2,613 |
| Corporate Taxes |
1,781 |
| Net income |
1,547 |
Financial Overview of Fiscal 2006
Fiscal 2006, ended March 31, 2007, stock trading remained brisk, exemplified by average daily stock trading volume exceeding two billion shares on the Tokyo Stock Exchange. Other favorable conditions, highlighted by an upward trend in stock prices and the return, albeit temporarily, of the Nikkei Stock Average back to the 18,000 level, triggered an increase in account transfers through the Group’s securities depository and book-entry transfer systems. Consequently, operating income grew 3.7%, to ¥22,559 million. But operating expenses rose 5.9%, to ¥17,887 million, leading to a 3.8% drop in income from operations, to ¥4,671 million, and a 15.0% decline in net income, to ¥2,651 million.
| Total operating income |
22,559 |
| Total operating expense |
17,887 |
| Income from operation |
4,671 |
| Income (before income taxes) |
4,404 |
| Corporate Taxes |
1,787 |
| Net income |
2,651 |
Financial Overview of Fiscal 2005
Fiscal 2005, ended March 31, 2006, was characterized by brisk stock trading
backed by economic recovery. In fiscal 2005 average daily stock trading volume
at the Tokyo Stock Exchange exceeded 2 billion shares from September 2005 to
February 2006. The JASDEC Group benefited from this environment as heightened
stock-trading activity triggered more account transfers through the Group’s
securities depository and book-entry transfer systems. As a result, operating
income increased 14.4%, to 21,745.1 million yen, operating expenses decreased
1.2%, to 16,889.2 million yen, income from operations increased 154.0%, to 4,855.9
million yen, and net income increased 197.2%, to 3,121.3 million yen.
| Total operating income |
21,745 |
| Total operating expense |
16,889 |
| Income from operation |
4,855 |
| Income (before income taxes) |
4,735 |
| Corporate Taxes |
1,752 |
| Net income |
3,121 |
Financial Overview of Fiscal 2004
Fiscal 2004, the consolidated period ended March 31, 2005, was characterized
by a generally feeling of economic recovery in Japan. During the first half,
higher exports and capital spending as well as an increase in industrial output
underpinned better business conditions. In the second half, the upward trends
evened out, albeit temporarily, with exports and production holding at par year-on-year.
However, a positive undercurrent in consumer spending and a healthier employment
situation supported the overall recovery tone for the year.
| Total operating income |
19,003 |
| Total operating expense |
17,091 |
| Income from operation |
1,912 |
| Income (before income taxes) |
1,607 |
| Corporate Taxes |
602
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| Net income |
1,050 |
Financial Overview of Fiscal 2003
In fiscal 2003, stock exchange trading gained upward momentum,
daily average trading value recorded more than 1 trillion yen. Supported
by such active trading in equity market, increase of the number of
book-entry transfer of shares and custody balance produced favorable
effects to the revenue for this period.
During the fiscal 2003, JASDEC wholly owned subsidiary, JASDEC
DVP Clearing Corporation began its operation, therefore the following
financial data are based on consolidated base.
| Total operating income |
17,124 |
| Total operating expense |
14,523 |
| Income from operation |
2,600 |
| Income (before income taxes) |
2,566 |
| Corporate Taxes |
963 |
| Net income |
1,650 |
Financial Overview of Fiscal 2002
In fiscal 2002, backed by modernization of the clearing and settlement operations to reduce the operational and settlement cost and the risks involved by participants, decent increments of book-entry transfer of shares and custody balance, which amounted over 200 billion shares as of the end of fiscal year, impacted favorably on revenues on this fiscal year.
As a result, this fiscal year end shows the following figures.
| Total operating income |
11,143 |
| Total operating expense |
9,925 |
| Income from operation |
1,218 |
| Income (before income taxes) |
1,250 |
| Corporate Taxes |
528 |
| Net income |
722 |
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