January 2014

Matsui Securities Co., Ltd. (First Section of TSE: 8628)

Annual Results for 3Q FY2013

1

Table of Contents

Section 1 Financial Summary 5

Section 2 Results of Operation 14

Section 3 Recent Developments 23

3.3% 3.4%3.6% 3.6% 3.7%

0.0%

1.0%

2.0%

3.0%

4.0%

3QFY12

4Q 1QFY13

2Q 3Q

168

293

318309

327

9.9% 10.3%10.7%

9.2%9.5%

0%

2%

4%

6%

8%

10%

12%

0

100

200

300

3QFY12

4Q 1QFY13

2Q 3Q

(JPY bn)

10.6

7.8

6.66.2

6.0

10.0

9.1

9.7 9.9

4

6

8

10

12

3QFY12

4Q 1QFY13

2Q 3Q

2.4

7.0

13.3

8.5

8.7

1.6

3.7 3.2

3.5

7.5%

9.3%

10.4% 10.7%

9.8%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

0

2

4

6

8

10

12

14

3QFY12

4Q 1QFY13

2Q 3Q

(JPY tn) Margin Account for day-trades

2

Results of Operation ◆ Equity commission rate

◆ Net interest income ratio

(bp)

(Excluding “Margin

Account for day-trades”)

◆ Equity trading value / Market share

◆ Margin balance / Market share

44%

65%

73%67% 67%

0%

20%

40%

60%

80%

3QFY12

4Q 1QFY13

2Q 3Q

1,221

3,416

5,802

3,633 3,682

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

3QFY12

4Q 1QFY13

2Q 3Q

(JPY mn)

2,011

5,511

9,625

6,041 6,106

0

2,000

4,000

6,000

8,000

10,000

12,000

3QFY12

4Q 1QFY13

2Q 3Q

(JPY mn)

4,519

8,469

13,152

9,037 9,173

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

3QFY12

4Q 1QFY13

2Q 3Q

(JPY mn)

3

Financial Results ◆ Operating revenues ◆ Ordinary income

◆ Net income ◆ Ordinary income ratio

112

156

336

291244

165154

129110

152

370

55

93

193189 173

128121

107 93

129

320

49%

60%57%

65%71%

78%79%83% 84% 84% 86%

0%

20%

40%

60%

80%

100%

0

50

100

150

200

250

300

350

400

FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13(Annualize)

（JPY tn）

Equity trading value of individuals

Equity trading value of 7 on-line brokers

Proportion of trading value of 7 on-line brokers

8184

118109

77

54

68 63 63

7684

4.4 6.311.4 10.6 9.0 7.4

9.8 10.3 10.7 14.016.0

5.5%

7.4%

9.6%9.8%

11.7%

13.6%

14.3%

16.3%17.0%

18.3%19.0%

0%

5%

10%

15%

20%

0

50

100

150

FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY132Q

（JPY tn）

Equity holdings by individuals

Equity holdings by 5 on-line brokers

Proportion of equity holdings by 5 on-line brokers

4

Overview of Retail Equity Trading Market

◆Equity trading value of individuals1

(FLOW)

◆ Equity holdings by individuals1

(STOCK)

Super active

traders2

JPY 230 tn

（Estimate）

Source : TSE, BOJ, Company data, Company Website

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

Financial Summary

Section 1

(JPY mn)

Operating Revenues 31,363 12,330 2.5×

Commissions 21,954 7,776 2.8×

Interest & dividend income 9,396 4,550 2.1×

864 656 1.3×

Net operating revenues 30,499 11,674 2.6×

8,809 6,977 1.3×

21,690 4,697 4.6×

21,772 4,734 4.6×

13,117 3,010 4.4×

69% 38% -

30.4 5.6 5.4×

2.9 1.2 2.4× Daily average trading

value on TSE (JPY tn)

Net income

Ordinary income ratio

Matsui's trading value (JPY tn)

SG&A

Operating income

Ordinary income

Interest expenses

YoY3Q(Apr.-Dec.)

FY2013

3Q(Apr.-Dec.)

FY2012

6

Source: TSE

Summary of Financial Results (3Q FY13)

(JPY mn)

Commissions 21,954 7,776 2.8×

21,111 7,046 3.0×

Equity 19,320 6,156 3.1×

Futures & Options 1,193 677 1.8×

838 725 1.2×

Net gain (loss) on trading 10 0 -

Interest & dividend income (1) 9,396 4,550 2.1×

Total operating revenues 31,363 12,330 2.5×

Interest expenses (2) 864 656 1.3×

Net operating revenues 30,499 11,674 2.6×

Net interest income (1) - (2) 8,532 3,894 2.2×

Average margin balance (JPY bn) 312 157 2.0×

3Q(Apr.-Dec.)

FY2012YoY

Brokerage

Others

3Q(Apr.-Dec.)

FY2013

7

Breakdown of Net Operating Revenues (3Q FY13)

(JPY mn)

Transaction related expenses 3,717 2,243 66%

411 342 20%

1,607 1,366 18%

Occupancy & rental 685 696 -1%

1,325 1,229 8%

Depreciation 1,227 1,336 -8%

186 76 146%

-63 -56 -

Others 125 88 41%

Total SG&A 8,809 6,977 26%

Advertisement

Employees'

compensation & benefits

Data processing

& office supplies

Duties & taxes

other than income taxes

Provision of allowance

for doubtful accounts

3Q(Apr.-Dec.)

FY2013

3Q(Apr.-Dec.)

FY2012YoY

8

Breakdown of SG&A (3Q FY13)

(JPY mn)

Operating Revenues 9,173 9,037 2% 13,152 8,469 4,519 2.0× 20,799

Commissions 5,977 6,052 -1% 9,925 6,389 3,057 2.0× 14,165

3,192 2,983 7% 3,220 2,105 1,461 2.2× 6,654

274 239 15% 352 228 203 1.3× 884

Net operating revenues 8,900 8,799 1% 12,800 8,241 4,316 2.1× 19,915

2,825 2,771 2% 3,213 2,742 2,307 1.2× 9,719

6,075 6,028 1% 9,587 5,499 2,009 3.0× 10,195

6,106 6,041 1% 9,625 5,511 2,011 3.0× 10,245

3,682 3,633 1% 5,802 3,416 1,221 3.0× 6,427

67% 67% - 73% 65% 44% - 49%

8.7 8.5 2% 13.3 7.0 2.4 3.7× 12.6

2.7 2.4 12% 3.5 2.5 1.3 2.0× 1.5

FY12

TOTALYoY

3Q 2Q 1Q 4Q 3Q

FY13

Ordinary income ratio

Matsui's trading value (JPY tn)

QoQ

SG&A

Operating income

Ordinary income

Interest & dividend income

Net income

Daily average trading

value on TSE (JPY tn)

Interest expenses

FY13 FY12FY13

9

Summary of Financial Results (Quarterly)

Source: TSE

(JPY mn)

Commissions 5,977 6,052 -1% 9,925 6,389 3,057 2.0× 14,165

Brokerage 5,728 5,749 -0% 9,634 6,026 2,833 2.0× 13,072

Equity 5,238 5,276 -1% 8,807 5,479 2,501 2.1× 11,635

Futures & Options 302 306 -1% 585 396 251 1.2× 1,074

Others 249 298 -16% 291 363 223 1.1× 1,088

Net gain (loss) on trading 3 1 109% 6 -26 0 9.2× -26

Interest & dividend income (1) 3,192 2,983 7% 3,220 2,105 1,461 2.2× 6,654

Total operating revenues 9,173 9,037 2% 13,152 8,469 4,519 2.0× 20,799

Interest expenses (2) 274 239 15% 352 228 203 1.3× 884

Net operating revenues 8,900 8,799 1% 12,800 8,241 4,316 2.1× 19,915

0

Net interest income (1) - (2) 2,919 2,745 6% 2,868 1,877 1,257 2.3× 5,770

315 302 4% 318 224 151 2.1× 173

TOTAL

FY13FY13

3Q

FY12

2Q 1Q 4QYoY

3QQoQ

Average margin balance (JPY bn)

FY13 FY12

10

Breakdown of Net Operating Revenues (Quarterly)

(JPY mn)

Transaction related expenses 1,158 1,154 0% 1,406 1,113 770 50% 3,356

Advertisement 126 139 -10% 146 196 108 16% 538

616 485 27% 506 466 455 35% 1,832

Occupancy & rental 235 222 6% 228 229 230 2% 925

449 438 3% 438 396 406 11% 1,625

Depreciation 400 399 0% 428 452 441 -9% 1,788

45 68 -34% 74 40 22 108% 116

-115 -32 - 84 20 -40 - -36

Others 38 39 -1% 48 26 24 57% 114

Total SG&A 2,825 2,771 2% 3,213 2,742 2,307 22% 9,719

FY12

3Q 2Q 1Q 4Q 3Q TOTAL

FY13 FY13QoQ YoY

Provision of allowance

for doubtful accounts

Employees'

compensation & benefits

Data processing

& office supplies

Duties & taxes

other than income taxes

FY13 FY12

11

Breakdown of SG&A (Quarterly)

(JPY mn)

Tier 1 (A) 78,921

Tier 2 Net unrealized gain on investment 3,863

Statutory reserves 1,735

Allowance for doubtful accounts 11

Sub total (B) 5,610

Assets to be deducted from equity capital (C) 4,788

(A) + (B) - (C) (D) 79,743

Total risk Market risk 965

Counterparty risk 6,795

Basic risk 2,536

Total (E) 10,297

Capital adequacy ratio (D)/(E) 774.3%

Net Capital168

293

318309

327

1,288%

847% 817% 791% 774%

0%

200%

400%

600%

800%

1,000%

1,200%

1,400%

0

100

200

300

400

3QFY12

4Q 1QFY13

2Q 3Q

(JPY bn)

Margin trading balance Capital adequacy ratio

12

Capital Adequacy Ratio

◆ Capital adequacy ratio

(As of 31 December 2013)

◆ Margin trading balance and capital

adequacy ratio

15 15 15 20 20

3050%

71%

90%

80%

0%

20%

40%

60%

80%

100%

0

10

20

30

40

50

60

FY09 FY10 FY11 FY12 FY13(Plan)

(Yen)

Year-end dividend Interim dividend

Payout ratio

13

◆ Matsui’s dividend per share and payout ratio

In accordance with the booming market conditions, we paid interim dividend

of 30 yen per share for FY13.

We plan to pay year-end dividend of 20 yen per share for FY13.

◆ Dividends for FY13

• Maintain the performance based return to the

shareholders

• Target of payout ratio is “30% and above”

• Interim : Pay 30 yen per share

• Year-end : Plan to pay 20 yen per share

◆ Dividend policy

Shareholders Return

Results of Operation

Section 2

28

42

27 2823

3224 22

31

75

127

79

8817%

19%

17%17%18%

19%

16%17%

19%

27%

29%28%

27%

0%

10%

20%

30%

0

20

40

60

80

100

120

140

3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

(JPY tn)

Retail equity trading value

Proportion to total equity trading value

2.3

3.3

2.0 2.0 1.72.4

1.7 1.6

2.4

7.0

13.3

8.58.7

8% 8%

7% 7% 7% 7%7% 7%

8%

9%

10% 11%

10%

0%

2%

4%

6%

8%

10%

12%

0

2

4

6

8

10

12

14

3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

(JPY tn)

Matsui's trading value Matsui's share

15

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 equity trading value on 2 major stock exchanges

FY13 FY10 FY13 FY10 FY11 FY11 FY12 FY12

17

24

16 1614

19

14 14

18

46

78

5051

58%

56%58%

59%60%

58%

61% 61%58%

61% 61%63%

58%

30%

40%

50%

60%

70%

0

20

40

60

80

100

3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

(JPY tn)

Retail margin trading value

Proportion to retail equity trading value

1.52.0

1.2 1.21.0

1.51.1 1.0

1.4

4.9

9.7

6.4 6.4

9%9%

7% 7% 8%8%

7%7%

8%

11%

12%13%13%

0%

5%

10%

15%

0

2

4

6

8

10

12

3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

(JPY tn)

Matsui's margin trading value Matsui's share

16

Margin Trading Value

◆ Matsui’s margin trading value and

its market share1

◆ Retail margin trading value1 and

proportion to total retail equity trading value

FY10 FY10

Source: TSE

Note 1: Sum of the equity trading value on 2 major stock exchanges

FY13 FY13 FY11 FY11 FY12 FY12

1.41.5 1.6

1.4 1.4 1.41.5

1.3 1.3

2.4 2.8 3.0 3.1

22%

19%18%

20%21%

22%

20%

23%

24%

20%

18%18%18%

0%

5%

10%

15%

20%

25%

0

1

2

3

4

3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

(JPY tn)

Total shares bought on margin trading

Proportion of general margin trading

13

6

13

8 15

0

13

4

13

1

12

6 14

4

12

3

13

2

24

8

29

8

27

4 29

1

51

45 47

44

44

43

43

43 47

75 8

3

76 80

10%9% 10% 9% 9%

9%10% 9%

10%10%

11%

9% 9%

0%

2%

4%

6%

8%

10%

12%

0

100

200

300

3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

(JPY bn)

Shares bought on margin Unlimited Matsui's share

17

Margin Trading Balance

◆ Matsui’s shares bought on margin1

and its market share2

◆Total shares bought on margin1 and

proportion of general margin trading

Source: TSE

Notes 1: Balance as of the end of each quarter

Notes 2: Total market share in 2 major stock exchanges

FY10 FY13 FY10 FY13 FY11 FY11 FY12 FY12

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%

Oct-05 Jun-06 Feb-07 Oct-07 Jun-08 Feb-09 Oct-09 Jun-10 Feb-11 Oct-11 Jun-12 Feb-13 Oct-13

(JPY tn)

Matsui's shares bought on margin (right axis) Average (left axis)

Institutional (left axis) Unlimited (left axis)

Shares listed on the emerging markets (left axis)

18

Unrealized Losses on Matsui’s Margin Balance

As of 24 January 2014

Average -3.9%

Institutional margin balance -2.6%

Unlimited margin balance -7.8%

Margin balance of shares listed on the emerging

markets -4.3%

0.63

0.91

0.55

0.57

0.50

0.69

0.48 0.46

0.65

1.63

2.73

1.64

1.59

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

(X)

1

51

15 40

16

10 29

17

11 26

25

-2 -12

1,3

17

1,2

80

1,2

55

1,1

66

1,1

42

1,3

17

1,2

28

1,1

92 1,4

11

1,7

16

1,8

04 1,9

34

2,0

64

0

4,000

8,000

12,000

16,000

20,000

0

500

1,000

1,500

2,000

2,500

3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

(JPY yen)(JPY bn)

Assets under Matsui's customers' accounts

Net inflow in cash and stocks

Nikkei 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

FY12 FY10 FY13 FY10 FY13 FY11 FY11 FY12

0%

20%

40%

60%

80%

100%

FY06 FY07 FY08 FY09 FY10 FY11 FY12 3QFY13

Before FY99 FY00 FY01 FY02 FY03

FY04 FY05 FY06 FY07 FY08

FY09 FY10 FY11 FY12 FY13

Dec.201347%

0%

20%

40%

60%

80%

700,000

740,000

780,000

820,000

860,000

900,000

940,000

Jan-12 Apr-12 Jul-12 Oct-12 Jan-13 Apr-13 Jul-13 Oct-13

# of accounts # of new accounts Proportion of beginner

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. Dormant accounts were closed down 5,009 in Sep.2012

◆ Number of accounts at Matsui1

# of accounts 920,698

# of margin accounts 144,303

(as of 31 Dec. 2013)

3.84.3

2.02.9 2.7

4.1 4.0 3.94.7

9.0

15.5

8.49.2

1.5 1.60.8 1.2 1.2 1.9 2.1 1.9

2.5

4.8

9.2

5.3 5.5

17%16%

15%15%15%

19%18%

20%21%

20%20%20%20%

0%

5%

10%

15%

20%

25%

0.0

4.0

8.0

12.0

16.0

20.0

3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

(JPY tn)

Futures trading value"Nikkei 225 mini"Futures trading valueMatsui's share

87

134 130

84

50

2738

29 35

148

375

231

291

0

100

200

300

400

3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

(JPY bn)

Overseas Futures trading value

21

Futures trading value

◆ Matsui’s OSE Nikkei 225 Futures

trading value and its market share

FY10

◆ Matsui’s Overseas Futures

trading value (CME)

Source: OSE (Osaka Securities Exchange)

FY13 FY11 FY11 FY10 FY13

19 Jul. 2011

Extension of

trading hours

FY12 FY12

25 Nov. 2011

Lower commissions

for Nikkei 225

Futures trading

18 Feb. 2013

Add new products such as equity

and commodity indices

65

3 7

48

86

9

81

3

55

9 6

57

27

1

18

9 27

0

50

0

65

7

33

7

29

9

122

137

148

128

8896

54

3847

83

104

53

43

0

40

80

120

160

0

300

600

900

1,200

3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

(JPY mn)(JPY bn)

The OSE's FX trading value The OSE's FX commission

0.7 0.7

1.21.4

1.1

1.4

1.20.8

1.3

4.3

5.0

3.02.9

163170

85

124119

136

8776

81

160

135

74 73

0

100

200

300

0.0

1.0

2.0

3.0

4.0

5.0

6.0

3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

(JPY mn)(JPY tn)

NetFx trading value NetFx commission

22

FX Margin Trading

◆Matsui’s OTC FX trading value and

commission

◆The OSE’s FX trading value in Matsui

and commission

4 Apr. 2011

No commission charge

and spread tightening

were implemented

FY10 FY11 FY10 FY11 FY12 FY12 FY13 FY13

Recent Developments

Section 3

24

Corporate Strategy

◆ Pioneer in providing full-fledged online brokerage services in Japan

◆ Pioneer in providing online margin trading in Japan

◆ "Box Rate" fee structure

◆ Pioneer in developing unlimited margin trading

◆ Pioneering approach to "NetFx" "Nikkei 225 futures and

Nikkei 225 Options“

◆ Pioneer in providing specific application available for smartphone

◆ Introduced “Margin Account for Day-trades”

We will provide superior quality of trading platform for retail

investors based upon "customer-centered strategy"

Our Achievements

◆ Develop unique and innovative services

◆ Focus on brokerage business

◆ Pursue the services which expand brokerage (flow) business

rather than asset gathering related (stock) services

Our Direction

Our Purpose

0.4 0.5 0.6 1.1

1.5

1.1 1.2 1.0 0.9 1.2 1.0

1.2

29%

34% 35% 36% 36%

45%47%

54%50%

54% 53%55%

20%

30%

40%

50%

60%

70%

0

1

2

3

4

5

Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

(JPY tn)

Margin trading(Margin Account for Day-trades) Margin trading

Proportion of Margin Account for Day-trades

24%

51%54% 53%

59%60%

68% 66%69%

65%68%65% 68%

31% 30%29%

37% 38%

43%

38%35%

32% 31%27%

30%

10%

20%

30%

40%

50%

60%

70%

80%

Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Margin trading

Margin trading(Margin Account for Day-trades)

42%

52% 53% 51%55% 56% 57%

59% 60%

65% 65% 65%

20%

30%

40%

50%

60%

70%

80%

0

200

400

600

800

1,000

1,200

1,400

1,600

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

(JPY bn)

New customers Existing customers Proportion of new customers

Commisson 0Yen

Interest rate p.a.

Due date One day

Number of accounts 29,681(as of Dec. 30)

25

◆Outline of Margin Account for Day-trades

JPY3mn or above 0%

Under JPY3mn 2%

Trading value per an order rate

◆Margin Trading Results

◆Trading Results of Margin Account

for Day-trades(New VS Existing)

◆Proportion of “Day -trades”

Note 1: If the positions are not closed within a single day, the Company would close the positions the following day.

Note 2: The customers who have opened new account since Jan. 2013, or hadn’t traded in 2012.

Note 3: The customers who are not New customers identified as Note 2.

1

2 3

Margin Account for Day-trades I

2012 2013

2013

2012 2013

8.3%

11.5%

17.8%17.6%

8.3% 7.7%

9.4%

8.9%

10.2%9.5%

7.4%

3.3%

2%

4%

6%

8%

10%

12%

14%

16%

18%

20%

Sep-1

2

Oct-

12

Nov-1

2

Dec-1

2

Jan-1

3

Feb-1

3

Mar-

13

Apr-

13

May-1

3

Jun-1

3

Jul-13

Aug-1

3

Sep-1

3

Oct-

13

Nov-1

3

Dec-1

3

Matsui SBI RakutenMonex Kabu.com GMO ClickOkasan Online

38.6%

41.5%

28%

30%

32%

34%

36%

38%

40%

42%

44%

46%

Matsui SBI RakutenMonex Kabu.com GMO ClickOkasan Online

26

◆Market share 1

Plan to implement continuous improvements of

the service, such as increase number of shares

eligible for short-position etc.

• Add 204 shares eligible for short-position

• Add the conditional orders such as “market-on-

close order”, “stop order”, etc.

• Add the trading function of “Margin Account for

Day-trades” to “KABU touch”, the trading

application for smartphone

◆Recent Developments

◆ Future Developments

(730 shares as of Jan. 14, 2014)

Note 1: Total market share of each company in 7 on-line brokers.

Margin Account for Day-trades II

•Upgrade of ranking by trading value for day-trades

• Free of charge campaign for margin account for

day-trades(Jan. 6 to Mar. 31, 2014)

~No commission charge and no interest rate~

●Daily average (unit: # of trades)

Weekly 6-Jan 14-JanVS

6-Jan20-Jan

VS

6-Jan

Euity trading 279,771 308,768 1.1x 301,447 1.1x

44 stocks 10,327 16,417 1.6x 19,265 1.9x

Margin Account for

Day-trades94,249 109,979 1.2x 109,508 1.2x

44 stocks 2,667 6,975 2.6x 9,926 3.7x

●Daily average (unit: JPY bn)

Weekly 6-Jan 14-JanVS

6-Jan20-Jan

VS

6-Jan

Euity trading 170 188 1.1x 196 1.2x

44 stocks 20 30 1.4x 34 1.7x

Margin Account for

Day-trades70 79 1.1x 90 1.3x

44 stocks 6 13 2.0x 19 2.9x

●44 stocks(daily average) (unit: JPY bn、# of times)

Weekly 6-Jan 14-JanVS

6-Jan20-Jan

VS

6-Jan

Equity trading value 720 706 -2% 697 -3%

Tick 103,967 212,707 2.0x 207,874 2.0x

Up tick 13,408 51,747 3.9x 50,262 3.7x

Down tick 13,353 52,221 3.9x 50,931 3.8x

Trading value per

an order

Interest rate

p.a.

Interest rate

p.a.

JPY3mn or above 0%

Under JPY3mn 2% 0%1

27

◆Market trends for 44 stocks

TSE has applied small tick on 44 stocks among TOPIX100 since January

14, 2014. Trading value for the 44 stocks has been significantly increased.

◆Matsui’s trends①(trading value)

・The number of tick for 44 stocks has increased by 2-fold

(The number of up tick and down tick has increased by 4-fold each)

・Expand the trading opportunities by taking the margin easily

◆Free of charge campaign (Jan. to Mar. 2014)

◆ Matsui’s trends②(number of trades)

Note1 : Stock price is more than 3,000 yen as of Jan. 24, 2014.

Margin Account for Day-trades III

Small tick will be applied for all stocks of

TOPIX100 in July 2014

Details of Newly Offered Services

Campaign/Promotion Improvement in Quality of

Services to Customers

◆Cash back campaign for OSE FX trading

(2013/7/1-2014/1/1) Discount commission charge for the customers who

open new account

◆Campaign for ETF ・Cash back campaign for cash trading(2013/12/2-12/30)

・Starting campaign for trading ETF(2014/1/6-1/31)

◆Free of charge campaign for margin account

for day-trades (2014/1/6-3/31) No commission charge and no interest rate

◆Introduce the online cash transfer services

at Sony Bank (2013/11/15-)

◆Upgrade ranking by trading value for

day-trade in margin account for day-trades

(2013/12/19-)

◆Introduce the information for ETF

(2014/1/4-) Enable to search ETF shares easily and compare the

performance with similar mutual funds, etc

◆No commission charge of equity trading on

NISA* accounts (2014/1/6-) *NISA: Japanese version of Individual Savings Account

28

The material is intended to provide the financial results for the quarter ended 31 December 2013 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 January 2014. 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: ir@matsui.co.jp

Akira WARITA, Managing Director : a-warita@matsui.co.jp

Kumiko HAYASHI : k-hayashi@matsui.co.jp

Contact information