JP-listed companies
The Kosei Securities Co.,Ltd

The Kosei Securities Co.,LtdJP:8617

Market cap

¥4.3B

P/E ratio

11.5x

Income statement Balance sheet Cash flow

	Mar 31, 2012	Mar 31, 2013	Mar 31, 2014	Mar 31, 2015	Mar 31, 2016	Mar 31, 2017	Mar 31, 2018	Mar 31, 2019	Mar 31, 2020	Mar 31, 2021	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024
Cash and deposits	-	6,322	6,157	7,360	6,176	5,603	6,563	6,610	7,157	7,024	6,013	6,188	6,553
Segregated deposits	-	2,092	2,545	2,489	1,732	2,808	2,948	2,420	3,434	3,729	3,227	3,977	3,913
Trading products	-	4,343	3,626	4,954	2,959	3,018	2,932	1,637	1,416	1,204	1,436	2,330	2,708
Trading securities and other	-	4,317	3,605	4,924	2,941	2,976	2,912	1,623	1,282	1,179	1,377	2,306	2,671
Derivatives	-	25	20	30	17	42	20	13	134	24	59	23	36
Trade date accrual	-	253	-	-	997	-	-	560	66	-	729	-	523
Margin transaction assets	-	3,176	2,073	1,602	1,262	1,914	1,276	1,009	1,219	2,035	1,186	919	1,408
Margin loans	-	1,621	1,976	1,248	986	912	987	596	347	1,375	936	577	841
Cash collateral provided for securities borrowed in margin transactions	-	1,555	97	354	275	1,001	288	413	871	659	250	341	566
Variation margin paid	-	1	-	19	-	-	21	-	-	12	-	20	19
Loans secured by securities	-	164	151	73	60	51	17	15	7	7	7	7	7
Cash collateral provided for securities borrowed	-	164	151	73	60	51	17	15	7	7	7	7	7
Advances paid	-	-	-	-	-	-	-	-	-	-	-	-	-
Advances paid for customers	-	-	-	-	-	-	-	-	-	-	-	-	-
Advance payments	-	-	-	-	-	-	-	-	-	-	-	-	1
Prepaid expenses	-	11	9	10	9	8	8	7	17	17	14	13	14
Accounts receivable - other	-	-	-	-	1	2	-	-	-	-	3	-	-
Income taxes refund receivable	-	-	-	-	111	19	-	47	12	6	21	17	-
Accrued revenue	-	22	24	22	19	17	19	15	11	14	14	16	25
Short-term guarantee deposits	-	73	107	58	178	258	256	281	296	313	307	224	5
Other	-	-	-	-	-	4	44	35	-	-	1	-	-
Current assets	-	16,462	14,698	16,593	13,512	13,709	14,093	12,644	13,641	14,367	12,964	13,716	15,183
Property, plant and equipment	-	4,579	4,517	4,447	4,442	4,379	4,305	4,176	4,130	4,072	4,022	3,977	3,982
Buildings, net	-	1,723	1,658	1,596	1,542	1,486	1,433	1,383	1,335	1,288	1,243	1,197	1,186
Equipment	-	27	29	21	27	20	42	27	29	18	13	13	29
Land	-	2,829	2,829	2,829	2,829	2,829	2,829	2,766	2,766	2,766	2,766	2,766	2,766
Intangible assets	-	36	21	12	57	65	53	40	27	14	2	7	5
Software	-	32	18	9	1	-	51	39	26	13	1	6	5
Telephone subscription right	-	1	-	-	-	-	-	-	-	-	-	-	-
Other	-	2	2	2	1	1	1	1	1	1	-	-	-
Investments and other assets	-	814	2,411	1,866	1,801	2,162	2,445	3,165	3,164	4,059	3,426	3,349	5,439
Investment securities	-	386	1,986	1,445	1,382	1,729	2,016	2,743	2,748	3,649	3,016	2,940	5,031
Shares of subsidiaries and associates	-	7	7	7	7	7	7	7	7	7	7	7	3
Longterm advance paid-IOA-SEC	-	90	90	89	89	89	87	87	87	86	86	86	86
Other	-	572	568	564	559	574	569	562	556	551	550	549	551
Allowance for doubtful accounts	-	-241	-241	-240	-237	-237	-235	-235	-235	-234	-234	-234	-234
Non-current assets	-	5,430	6,950	6,327	6,301	6,607	6,804	7,382	7,323	8,147	7,451	7,334	9,427
Assets	-	21,893	21,649	22,921	19,814	20,317	20,897	20,026	20,964	22,515	20,415	21,051	24,610
Trading products	-	1,127	101	35	94	116	178	226	470	268	311	381	380
Trading securities and other	-	1,087	64	-	83	90	126	220	365	249	294	314	373
Derivatives	-	39	36	35	11	25	51	6	105	19	17	66	6
Trade date accrual	-	-	94	455	-	282	651	-	-	134	-	904	-
Margin transaction liabilities	-	737	174	420	241	219	186	102	77	702	521	468	466
Margin borrowings	-	169	139	165	136	192	115	81	40	615	515	359	268
Cash received for securities sold in margin transactions	-	567	35	254	105	26	70	20	36	86	6	109	198
Deposits received	-	784	1,269	1,562	1,022	1,720	1,797	1,815	2,144	2,661	1,953	2,244	2,525
Deposits from customers	-	738	1,251	1,511	985	1,693	1,755	1,788	2,118	2,639	1,937	2,222	2,416
Other deposits received	-	46	18	46	33	26	40	26	26	21	15	21	109
Guarantee deposits received	-	934	769	1,635	442	592	582	388	1,152	1,257	1,019	1,126	3,076
Accounts payable - other	-	18	14	18	104	13	12	9	8	16	12	4	16
Accrued expenses	-	43	37	40	41	35	35	35	58	31	33	40	37
Income taxes payable	-	465	98	151	1	42	137	30	50	52	39	43	99
Provision for bonuses	-	20	15	16	17	15	16	15	13	14	14	13	16
Current liabilities	-	4,131	2,575	4,334	1,973	3,052	3,597	2,630	3,982	5,137	3,946	5,227	6,618
Deferred tax liabilities	-	-	-	-	-	-	-	214	172	266	94	22	582
Provision for retirement benefits	-	51	57	52	53	65	66	63	60	59	54	50	43
Provision for retirement benefits for directors (and other officers)	-	201	215	228	242	256	270	352	353	370	387	404	421
Other	-	4	4	4	6	4	4	4	4	4	4	3	3
Non-current liabilities	-	304	747	451	374	389	418	635	590	700	541	480	1,050
Reserve for financial instruments transaction liabilities	-	2	3	4	4	3	3	2	2	3	4	4	3
Reserves under special laws	-	2	3	4	4	3	3	2	2	3	4	4	3
Liabilities	-	4,438	3,326	4,791	2,352	3,445	4,019	3,268	4,575	5,842	4,492	5,712	7,672
Share capital	-	12,000	12,000	12,000	12,000	12,000	12,000	12,000	12,000	12,000	12,000	12,000	12,000
Legal capital surplus	-	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000
Other capital surplus	-	1,114	1,114	1,115	1,115	1,128	1,128	1,128	1,106	947	947	727	282
Capital surplus	-	4,114	4,114	4,115	4,115	4,128	4,128	4,128	4,106	3,947	3,947	3,727	3,282
Retained earnings brought forward	-	1,346	855	1,168	654	64	340	-91	-92	162	-172	-397	377
Retained earnings	-	1,346	1,455	1,768	1,254	664	640	208	-92	162	-172	-397	377
Treasury shares	-	-92	-96	-95	-96	-84	-86	-87	-37	-40	-40	-40	-41
Shareholders' equity	-	17,369	17,473	17,788	17,273	16,708	16,682	16,249	15,976	16,070	15,734	15,288	15,618
Valuation difference on available-for-sale securities	-	84	847	341	161	141	174	486	391	603	189	50	1,318
Valuation and translation adjustments	-	84	847	341	161	141	174	486	391	603	189	50	1,318
Net assets	16,462	17,454	18,322	18,129	17,461	16,871	16,878	16,758	16,388	16,673	15,923	15,338	16,937
Liabilities and net assets	-	21,893	21,649	22,921	19,814	20,317	20,897	20,026	20,964	22,515	20,415	21,051	24,610