FY2023 2Q Earnings Presentation

FY2023 2Q (July 1, 2023 – September 30, 2023), the company posted operating revenue of ¥5,139 million (+6.4% YoY), operating profit of ¥998 million (+22.3% YoY), and profit attributable to owners of the parent of ¥709 million (+31.6% YoY).

Operating profit increased due to investment trusts’ net solid asset value since April 2023. Operating profit increased due to the growth of Selling, general and administrative expenses (SG&A expenses), other than commission expenses, being suppressed. The decline in the net asset value of Hifumi World and other assets in September 2023 led to a slight increase in the balance of assets under management. The company also announced an increase in the interim dividend for the fiscal year ending March 31, 2024, from ¥14 to ¥18.

The future growth strategy is to promote the spread of savings-type investments and asset-building culture in Japan by strengthening in-house media such as YouTube ” A Place to Learn about Money! (OKANE NO MANABIBA!)” to increase the number of existing customers, especially fans of the Hifumi series, and by strengthening various direct sales events and seminars to enhance customer satisfaction. In addition, the company plans to transition to a holding company, SBI Rheos Hifumi, in April 2024. This will enable the company to expand its clientele and the value it provides through M&A and to become a provider of comprehensive financial service functions to achieve financial inclusion.