Sbi Holdings Inc Ord

Let me present the results of the first quarter. Please allow me to take off my mask. My name is Katsuchi. I'm in charge of finance and accounting at SBI Holdings. From this quarter, I will present mainly financial results for the first quarter and the third quarter. And as to interim results and full-year results presentation, Mr. Kitao will explain about them, including strategic aspects. I'm going to use the first 30 minutes or so to present the results, followed by Q&A. This is my first time to present our results, so please bear with me. Let's start with the other first quarter consolidated results. The revenue plus 68.9% or the 232,150,000,000 yen or the pre-tax profit down 28.8%, 23,522,000,000 and the profit for the period down 49.7%, 16,669,000,000 yen. Profit attributable to owners of the company And the miners, 2,360 million yen. So revenue-wise, it increased significantly. And this is because of Shinsei Bank becoming a subsidiary. And we hit record high. As to profit, it decreased significantly. And there are two reasons which are marked in the red. One of them is TP Bank. We have about 20% stake in TP Bank. And because of their stock price decline, we booked fair value losses of about 24 billion yen. Another reason is that the crypto asset business, we suspended the mining business in Russia and the crypto asset prices went down significantly. And also B2C2, other companies, business partners, they went under. And because of that, B2C2 incurred losses and the impact was about minus 9.7 billion yen. and as to profit attributable to owners of the company was minus 2.4 billion yen. The entities in which we have a big stake incurred losses, and that is the main reason behind this negative number. So TP Bank incurred losses. We invested directly, and also the Crypt Asset Business subsidiary. We have a large stake, so that big impact on the parent company's results. And now the comparison with the major securities companies in terms of pre-tax profit, I think that we are doing rather well, better than other companies in the current market conditions. And from the first quarter of FY 2022, we changed business segments. as we announced when we reported the last year's results. And we used to have three segments, and now we have two major areas, financial and non-financial. And the financial area has four different business segments.

The main purpose is to improve the transparency. And as a result, we are looking at the segment-wise results.

The financial services business revenue increased due to the Shinsui Bank becoming our subsidiary. And as to investment business, compared to last year, both revenue and profit increased. The TP Bank's 24 billion yen losses are included here. As to crypto asset business, as you can see in the big red numbers, Next, a business overview of core businesses. financial services business, and securities business, major constituent companies, SBI Securities, SBI Liquidity Market, and others. SBI Securities, the core entity, the consolidated results on a J-GAP basis, as you can see, those are the results. The equity market was unstable. So the revenue impact about the down 5% and the profit a little bit more than 10% negative impact. Now let's compare with the other major securities companies for operating income. including those companies which are not listed here. All of them struggled in the first quarter. Still, SBI Securities did relatively well. And this 12,161,000,000 yen of SBI Securities was the best number among those securities firms. And as to SBI Securities, the year-on-year comparison. So revenue decreased, but we could diversify the sources of the revenue that we had been working on. Rather than being too dependent on the brokerage commissions, we diversified the sources of the revenue which has been achieved. And as to the number of accounts, During the three months, there was a big increase to 8,829,000 accounts. And this is the retail market share. It was for the export and the margin trading.