October 2016

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

Annual Results for 2QFY2016

1

Table of Contents

Section 1 Financial Summary 6

Section 2 Results of Operation 15

Section 3 Recent Developments 22

305 308

258

224 231

8.7%9.2%

8.3%

9.0% 8.9%

0%

2%

4%

6%

8%

10%

0

100

200

300

400

2QFY15

3Q 4Q 1QFY16

2Q

(JPY bn)

3.7% 3.6%3.8%

4.2%

3.9%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

2QFY15

3Q 4Q 1QFY16

2Q

10.4

8.9 9.6 9.2 8.6

5.2 4.6

5.4 5.3 5.3

11.7%12.4% 12.7%

13.5% 13.8%

0%

3%

6%

9%

12%

15%

0

3

6

9

12

15

2QFY15

3Q 4Q 1QFY16

2Q

(JPY tn) Margin Trading Service for Day-trades

4.9 4.84.4 4.3

3.9

9.6 9.69.9 10.0 10.0

2

4

6

8

10

12

2QFY15

3Q 4Q 1QFY16

2Q

(bp)Excluding “Margin Trading Service for Day-trades”

2

Results of Operation ◆ Equity trading value / Market share

◆ Margin balance / Market share

◆ Equity commission rate

◆ Net financial income ratio

4,559

3,2732,865 2,828

2,277

20.0%

14.3%

12.5% 12.4%

10.0%

0%

5%

10%

15%

20%

25%

0

2,000

4,000

6,000

8,000

10,000

2QFY15

3Q 4Q 1QFY16

2Q

(JPY mn)

66% 63%58%

55% 52%

0%

20%

40%

60%

80%

2QFY15

3Q 4Q 1QFY16

2Q

9,304

8,071 7,823 7,463

6,284

0

2,000

4,000

6,000

8,000

10,000

2QFY15

3Q 4Q 1QFY16

2Q

(JPY mn)

6,148

5,057 4,569

4,084 3,296

0

2,000

4,000

6,000

8,000

10,000

2QFY15

3Q 4Q 1QFY16

2Q

(JPY mn)

3

Financial Results

◆ Operating revenue ◆ Ordinary income

◆ Net income / ROE1

◆ Ordinary income ratio

Note 1: Annualized on each quarter

4

Financial Highlights

◆ Operating revenues down JPY 1,180 million QoQ

• Commissions were down JPY 710 million due to decline of equity trading value.

• Interest & dividend income was down JPY 470 million due to decline of average margin

balance and revenue from Premium Short-Selling Service.

◆ SG&A down JPY 450 million QoQ

• JPY 440 million of provision for doubtful receivables for customers’ margin transaction of

Acucela Inc. was posted in 1Q. SG&A excluding the provision was down JPY 80 million QoQ.

• Trading related expenses were down JPY 40 million due to decline of equity trading value.

65

52

81 84

118109

77

54

6863 63

7683

10091

84

2 24 6

11 11 9 7 10 10 11 14 16 20 19 183%

4%5%

7%

10%10%

12%14%

14%

16%17%

18%19%20%

21%22%

0%

5%

10%

15%

20%

25%

0

50

100

150

200

FY01 FY04 FY07 FY10 FY13 FY161Q

（JPY tn）

Equity holdings by individuals

Equity holdings by 5 on-line brokers

Proportion of equity holdings by 5 on-line brokers

52 54

112

156

338

295248

168157

131113

158

389

314331

255

16 20

55

93

193189

174

128121107

93

129

323

267279

228

30%

37%

49%

59%57%

64%70%

76%77%81%82%82%83%85%84%

89%

0%

20%

40%

60%

80%

100%

0

100

200

300

400

FY01 FY04 FY07 FY10 FY13 FY16(Annualize)

Equity trading value of individuals

Equity trading value of 7 on-line brokers

Proportion of trading value of 7 on-line brokers

（JPY tn）

5

Overview of Retail Equity Trading Market

◆Equity trading value of individuals1

(FLOW)

◆ Equity holdings by individuals1

(STOCK)

Source: TSE, Company data, Company Website, BOJ

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

Super active

traders2

JPY 170 tn （Estimate）

Financial Summary

Section 1

(JPY mn)

Operating Revenues 13,747 15,894 -14% 18,540 -26% 34,435

Commissions 8,435 9,943 -15% 11,798 -29% 21,742

Interest & dividend income 5,309 5,947 -11% 6,735 -21% 12,682

Interest expenses 506 638 -21% 793 -36% 1,431

Net operating revenues 13,241 15,256 -13% 17,747 -25% 33,003

SG & A 5,921 5,670 4% 5,588 6% 11,258

Operating income 7,320 9,586 -24% 12,159 -40% 21,745

Ordinary income 7,380 9,626 -23% 12,208 -40% 21,833

Net income 5,105 6,138 -17% 8,625 -41% 14,763

Ordinary income ratio 54% 61% - 66% - 63%

17.8 18.5 -4% 20.3 -12% 38.9

2.9 3.3 -12% 3.5 -16% 3.4 Daily average trading

value on TSE (JPY tn)

Matsui's trading value (JPY tn)

TOTALYoY

FY15

1HF 2HF HFoHF

FY16 FY15

1HF

7

Summary of Financial Results (1HF FY16)

Source: TSE

(JPY mn)

Commissions 8,435 9,943 -15% 11,798 -29% 21,742

7,912 9,302 -15% 11,112 -29% 20,414

Equity & ETF 7,394 8,539 -13% 10,359 -29% 18,898

Futures & Options 518 762 -32% 754 -31% 1,516

523 592 -12% 686 -24% 1,278

Net trading income 1 2 -23% 4 -67% 6

Interest & dividend income (1) 5,309 5,947 -11% 6,735 -21% 12,682

Total operating revenues 13,747 15,894 -14% 18,540 -26% 34,435

Interest expenses (2) 506 638 -21% 793 -36% 1,431

Net operating revenues 13,241 15,256 -13% 17,747 -25% 33,003

Net interest income (1) - (2) 4,802 5,308 -10% 5,942 -19% 11,250

Average margin balance (JPY bn) 236 286 -17% 327 -28% 306

Brokerage

Others

FY16 FY15YoY

FY15

1HF 2HF HFoHF 1HF TOTAL

8

Breakdown of Net Operating Revenue (1HF FY16)

(JPY mn)

Trading related expenses 2,093 2,278 -8% 2,396 -13% 4,674

700 819 -15% 919 -24% 1,738

Communications expenses 816 851 -4% 840 -3% 1,692

Advertisement 204 232 -12% 243 -16% 475

1,116 1,077 4% 1,101 1% 2,178

Occupancy & rental 447 443 1% 446 0% 890

874 853 3% 860 2% 1,713

Depreciation 634 608 4% 568 12% 1,175

189 128 47% 160 18% 288

511 227 124% -11 - 216

Others 56 56 0% 67 -16% 123

Total SG & A 5,921 5,670 4% 5,588 6% 11,258

Provision of allowance

for doubtful accounts

Personnel expenses

Stock exchanges and securities

associations fees

Data processing & office supplies

Taxes and dues

FY16 FY15YoY

FY15

1HF 2HF HFoHF 1HF TOTAL

9

Breakdown of SG&A (1HF FY16)

(JPY mn)

Operating Revenues 6,284 7,463 -16% 7,823 8,071 9,304 -32% 34,435

Commissions 3,862 4,572 -16% 4,997 4,946 5,918 -35% 21,742

Interest & dividend income 2,420 2,889 -16% 2,823 3,123 3,382 -28% 12,682

Interest expenses 255 251 2% 316 323 345 -26% 1,431

Net operating revenues 6,029 7,212 -16% 7,507 7,749 8,959 -33% 33,003

SG & A 2,737 3,184 -14% 2,938 2,732 2,817 -3% 11,258

Operating income 3,292 4,028 -18% 4,569 5,017 6,143 -46% 21,745

Ordinary income 3,296 4,084 -19% 4,569 5,057 6,148 -46% 21,833

Net income 2,277 2,828 -19% 2,865 3,273 4,559 -50% 14,763

Ordinary income ratio 52% 55% - 58% 63% 66% - 63%

8.6 9.2 -7% 9.6 8.9 10.4 -18% 38.9

2.9 3.0 -6% 3.5 3.2 3.6 -21% 3.4 Daily average trading

value on TSE (JPY tn)

Matsui's trading value (JPY tn)

FY16QoQ YoY

FY15FY16

TOTAL2Q4Q 3Q

FY15

2Q 1Q

10

Summary of Financial Results (Quarterly)

Source: TSE

(JPY mn)

Commissions 3,862 4,572 -16% 4,997 4,946 5,918 -35% 21,742

3,604 4,308 -16% 4,682 4,620 5,546 -35% 20,414

Equity & ETF 3,384 4,010 -16% 4,253 4,286 5,128 -34% 18,898

Futures & Options 220 298 -26% 429 334 418 -47% 1,516

258 265 -2% 315 277 372 -31% 1,278

Net trading income 0 1 -53% 1 1 2 -80% 6

Interest & dividend income (1) 2,420 2,889 -16% 2,823 3,123 3,382 -28% 12,682

Total operating revenues 6,284 7,463 -16% 7,823 8,071 9,304 -32% 34,435

Interest expenses (2) 255 251 2% 316 323 345 -26% 1,431

Net operating revenues 6,029 7,212 -16% 7,507 7,749 8,959 -33% 33,003

Net interest income (1) - (2) 2,165 2,638 -18% 2,508 2,801 3,037 -29% 11,250

Average margin balance (JPY bn) 224 249 -10% 264 307 329 -32% 306

TOTAL

FY15YoY

3Q 2Q

FY16 FY16

2Q 1Q 4QQoQ

FY15

Brokerage

Others

11

Breakdown of Net Operating Revenue (Quarterly)

(JPY mn)

Trading related expenses 1,027 1,067 -4% 1,156 1,122 1,199 -14% 4,674

329 370 -11% 432 387 456 -28% 1,738

Communications expenses 406 410 -1% 429 423 421 -3% 1,692

Advertisement 102 101 1% 112 120 122 -16% 475

557 559 -0% 536 542 584 -5% 2,178

Occupancy & rental 221 226 -2% 222 221 219 1% 890

435 439 -1% 424 428 419 4% 1,713

Depreciation 322 312 3% 309 298 288 12% 1,175

85 104 -18% 66 62 80 6% 288

70 441 -84% 206 21 - 0 - 216

Others 19 37 -47% 19 37 28 -30% 123

Total SG & A 2,737 3,184 -14% 2,938 2,732 2,817 -3% 11,258

FY15

TOTAL

FY16YoY

2Q1Q 4Q 3Q2Q

FY16QoQ

FY15

Personnel expenses

Data processing & office supplies

Taxes and dues

Provision of allowance

for doubtful accounts

Stock exchanges and securities

associations fees

12

Breakdown of SG&A (Quarterly)

228

139

188166 171

293309

330

258231

707%

865%

993%

1,143%1,211%

846%

771%

843%

1,035%

1,162%

0%

200%

400%

600%

800%

1,000%

1,200%

0

100

200

300

400

500

600

FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY162Q

(JPY bn)

Margin trading balance Capital adequacy ratio

(JPY mn)

Tier 1 (A) 87,248

Tier 2 Net unrealized gain on investment 1,930

Statutory reserves 3,349

Allowance for doubtful accounts 98

Sub total (B) 5,377

Assets to be deducted from equity capital (C) 6,029

(A) + (B) - (C) (D) 86,596

Total risk Market risk 434

Counterparty risk 4,418

Basic risk 2,598

Total (E) 7,450

Capital Adequacy ratio (D)/(E) 1,162%

Net Capital

13

Regulatory Capital

◆ Capital adequacy ratio

(As of 30 September 2016)

◆ Margin trading balance and capital

adequacy ratio

23 20

10 15 15 15

20 20 20 20

30

2025

13

1546%42%

38%

50%

71%

90%

80% 79%

66%

78%

65%

0%

20%

40%

60%

80%

100%

0

10

20

30

40

50

FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY162Q

(Yen)

Year-end dividend Interim dividend

Commemorative dividend Payout ratio

◆ Dividend policy1

14

Shareholders Return

◆ Matsui’s dividend per share and payout ratio2

Plan to pay interim dividend of 13 yen per share for FY16

• Dividends Payout Ratio:

Between 60% and 100% inclusive

and

• Dividends on Equity(DOE) : 7% and above

• Interim : Plan to pay 13 yen per share

• Dividends payout ratio : 65%

• DOE : 7%

(ROE : 11%)

Note 1 : Dividend policy has been revised on April 2015(formerly, 30% and above on dividends payout ratio)

Note 2 : Payout ratio for the ordinary dividend

◆ Dividends for FY16

Results of Operation

Section 2

8.79.0

9.5

8.1

9.59.9

9.29.9

10.4

8.99.6

9.28.6

6.5 6.77.6

6.67.6 7.8

7.07.6

8.3

7.28.0 7.7

7.4

10%10%

12%12%12%

11%11%11%

12%12%

13%14%14%

0%

3%

6%

9%

12%

15%

0

4

8

12

16

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

Matsui's trading value

Matsui's margin trading value

Matsui's share of retail trading value

(JPY tn)

84

94

78

66

77

8981

90 89

72 7668

62

53 55 5245

5057

5056 58

4651

46 44

28%28%

23%23%

27%

23%22%22%

21%20%

18%19%19%

0%

10%

20%

30%

0

30

60

90

120

150

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

(JPY tn)

Retail equity trading value

Retail margin trading value

Proportion to total equity trading value

16

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 retail equity trading value on 2 major stock exchanges

FY16 FY13 FY16 FY13 FY14 FY14 FY15 FY15

3.0 3.1 3.1

2.7 2.73.0 3.0

3.2 3.33.1

2.8

2.3 2.2

48%

54%51%

53%54%54%54%55%53%

57%

51%

56%

0%

20%

40%

60%

0

1

2

3

4

5

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

(JPY tn)

Total shares bought on margin trading

Share of 6 on-line brokers

27

4 29

1

27

9

25

9

26

3

27

4

27

7

28

6

28

2

28

3

22

8

20

6

19

7

76 80

74

74 77

76 78

80

69 72

61

59

59

9%9%

9%9% 10%

9% 9% 9%9%

9%

8%9% 9%

0%

3%

6%

9%

12%

0

100

200

300

400

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

(JPY bn)

Shares bought on marginUnlimitedMatsui's share

17

Margin Trading Balance

◆ Matsui’s shares bought on margin1

and its market share2

◆Total shares bought on margin1 and

share of 6 on-line brokers3

Source: TSE, Company Websites

Note1 : Balance as of the end of each quarter

Note2 : Total market share in 2 major stock exchanges

Note3: 6 on-line brokers are Matsui, SBI, Rakuten, Monex, Kabu.com and GMO Click

FY13 FY16 FY13 FY16 FY14 FY14 FY15 FY15

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%

Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16

(JPY tn)

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

Normal (left axis) Unlimited (left axis)

Shares listed on the emerging markets (left axis)

18

Unrealized Losses on Matsui’s Margin Balance

As of 21 October 2016

Average -8.5%

Normal margin balance -4.2%

Unlimited margin balance -18.5%

Margin balance of shares listed on the emerging

markets -13.7%

1.671.641.75

1.50

1.67 1.70

1.52

1.571.67

1.46

1.61 1.63

1.52

0.0

0.5

1.0

1.5

2.0

2.5

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

(X)

1,9

34 2,0

64

1,9

17 2,0

19

2,0

82

2,1

25

2,2

16

2,3

11

2,1

76

2,2

22

2,0

64

1,9

76

2,0

37

-2

-12 4

1

3 2 5 18

-15

54

0

75

29

11

0

5,000

10,000

15,000

20,000

0

500

1,000

1,500

2,000

2,500

3,000

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

(JPY yen)(JPY bn)

Assets under Matsui's customers' accountsNet inf low in cash and stocksNikkei 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

FY15 FY13 FY16 FY13 FY16 FY14 FY14 FY15

Sep.201654%

0%

20%

40%

60%

80%

800,000

850,000

900,000

950,000

1,000,000

1,050,000

1,100,000

Oct-14 Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 Apr-16 Jul-16

# of accounts # of new accounts

Proportion of beginner

0%

20%

40%

60%

80%

100%

FY11 FY12 FY13 FY14 FY15 2QFY16

Before FY05

FY06 FY07 FY08 FY09 FY10

FY11 FY12 FY13 FY14 FY15 FY16

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.

◆ Number of accounts at Matsui1

# of accounts 1,073,023

# of margin accounts 173,347

(as of Sep. 2016)

8.49.2 9.5

7.68.6

12.513.8

16.3

19.1

15.8

17.8

12.0

9.1

2.9

5.3

7.26.1

7.9

5.5

4.2

20%20%20%

19%

20%

18%

20%21%

19%

21%20%20%20%

0%

5%

10%

15%

20%

0

5

10

15

20

25

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

(JPY tn)

Futures trading valueTrading value of Futures trading service for day-tradesMatsui's share

3.0 2.9 3.0

2.12.7

6.3

6.0

4.8

5.6

3.6

4.2

2.92.3

74 73

91

58

82

134

151 146

162

108120

94

70

0

40

80

120

160

0.0

2.0

4.0

6.0

8.0

10.0

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

(JPY mn)(JPY tn)

NetFx trading value NetFx commission

21

Futures Trading Value / FX Margin Trading Value

◆ Matsui’s OSE Nikkei 225 Futures

trading value and its market share1

FY16 FY15 FY13 FY14

Feb. 2015

Add OSE Nikkei 225 Futures

trading service for day-trades

◆Matsui’s OTC FX trading value and

commission

FY16 FY13 FY14 FY15

Source : OSE

Recent Developments

Section 3

23

Corporate Strategy

We are to provide superior quality of trading platform for retail

investors based upon "customer-centric approach" Business Principle

Business Strategy

Stimulate demand for customers and offer services in advance of

other firms

Develop unique and innovative services regardless of industry

practice or tradition

Focus on profitable online based brokerage business in Japan

Basic Policy for

Service Development

Continue to focus on expansion of services for active customers

e.g. Margin trading services for day-trades, Premium short-selling

services, Intraday-trading service for Nikkei 225 Futures

Develop suitable services for inactive but affluent customers and

customers who are building assets for the future

(who have low transaction value but high assets in custody)

e.g. New trading platform “Netstock Smart”, Robo-advisor

24

◆Features of new website

Redesign of Website

Launch the Company’s new website in October 2016 aiming to enhance

new customers’ acquisition in response to start of mutual fund business

New design and revision of contents

Renovate the basic design using corporate

color of deep green and rebuild the structure

of website to improve customer usability.

Adoption of responsive web design

Improve the accessibility from smartphones

and tablets by adopting responsive web

design.

Expansion of market information

Expand market information such as mutual

funds information etc.

25

Features of our asset allocation service

Offer the competitive fees and commissions being lot inexpensive

• Line-up of no-load mutual funds with the lowest level of custodian fees

(wide selection of globally diversified asset classes)

• Provide optimum diversified investment portfolio based on the assessment or

profiling of customers’ financial goal or risk tolerance through Robo-advisor

Support long-term diversified investment management for wide range of

customer class

• Lower minimum investment amount and saving type of investment function

to support asset building of younger generation

• Customized function for investment portfolio to support customers with

comprehensive financial literacy

Mutual Fund Business

Plan to start dealing with mutual funds and to simultaneously offer the

asset allocation service based on Robo-advisor within the year 2016

33.0%

28%

30%

32%

34%

36%

38%

40%

42%

44%

46%

20

12

/09

20

12

/12

20

13

/03

20

13

/06

20

13

/09

20

13

/12

20

14

/03

20

14

/06

20

14

/09

20

14

/12

20

15

/03

20

15

/06

20

15

/09

20

15

/12

20

16

/03

20

16

/06

20

16

/09SBI

6.9%

16.1%14.9%

14.4%

6.4%

3.4%

9.4%10.4%

12.3%

11.5%

2%

4%

6%

8%

10%

12%

14%

16%

18%

20%

Matsui SBI Rakuten Monex Kabu.com GMO Click

（-0.5%）

（-0.8%）

（-3.0%）

（+1.0%）

（+9.2%）

55% 56%

62%

0%

10%

20%

30%

40%

50%

60%

70%

0.0

0.5

1.0

1.5

2.0

2.5

Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16

(JPY tn)Trading value of Margin Trading Service for Day-tradesProportion of Margin Trading Service for Day-trades

26

◆Trading results

Source: TSE, Company Website

Note 1 : Market share of 6 on-line brokers in retail margin trading value

Margin Trading Service for Day-trades

◆Market share1 of margin trading value

Implement continuous improvements such as

increase number of eligible stocks for the Premium

Short-Selling Service, development of trading tools,

expansion of investment information including

trading report for each customer etc. Market share

has been growing by exercising these

improvements.

◆ Recent developments

Rank NISA Account Junior Account

1Mizuho Financial Group, Inc.

(8411)Oriental Land Co., Ltd. (4661)

2Mitsubishi UFJ Financial

Group, Inc. (8306)Mizuho Financial Group (8411)

3 Aeon Co., Ltd. (8267)Mitsubishi UFJ Financial

Group, Inc. (8306)

4 ANA Holdings Inc. (9202) Bic Camera Inc. (3048)

5 Canon Inc. (7751)Toyota Motor Corporation

(7203)

16%

13%11% 10% 11%

39%

27%

19% 17%

37%

0%

10%

20%

30%

40%

50%

under 200 200 ~ 400 400 ~ 600 600 ~ 800 800 ~ 1,000 1,000 ~ 1,200

(JPY td)

NISA Account (Average investment value per account: 730,000yen)

Junior NISA Account (ditto: 450,000yen)

NISA Junior NISA

Total number of accounts 110,826 2,186

Number of active accounts3 59,743 1,049

Active account ratio 54% 48%

Total investment value(JPY mn)4 43,650 473

Customers' assets(JPY mn)5 66,861 413

27

NISA Active account ratio for NISA1 is 54%, the highest level among 5 online securities brokers2

◆ Number of NISA accounts and customers’ assets

(as of September 2016)

Note 1 : Japanese version of Individual Savings Account. Note 4 : Total purchased amount that has delivered since Jan. 2016.

Note 2 : Source: QUICK corp. and KINZAI institute Note 5 : Total amount that has purchased since 2014.

Note 3 : NISA account which has at least one transaction since Jan. 2016.

◆ Distribution of the invested amount

(as of September 2016)

◆ Top 5 ranking in trading value

(from July to September 2016)

◆Situation of NISA

NISA has been introduced since January 2014 and

Junior NISA has also been introduced since April 2016.

The increase of Junior NISA accounts in 2nd quarter is

slower than 1st quarter, however the active account ratio

is increasing gradually.

Customers tend to prefer stocks with high dividend yield

on NISA accounts. On Junior NISA accounts, customers

prefer certain stocks which have gifts for shareholders,

and those stocks such as Oriental Land, Bic Camera etc.

became the top ranking in trading value in 2nd quarter.

The material is intended to provide the financial results for the quarter ended 30 September 2016 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 27 October 2016. 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