Japan Exchange Group, Inc. (JPX) announced the summary of its financial statements bases on IFAS in FY 2022 (April 2022－March 2023). Operating revenue was 133,991,000,000 yen (1.1 percent down year on year), operating profit was 68,253,000,000 yen (7.1 percent down), profit before tax was 68,207,000,000 yen (7.1 percent down) and current profit belonging to the owner of the parent company was 46,342,000,000 yen (7.2 percent down). Of the operating revenue, listing related revenue was 2,070,000,000 yen decrease year on year and trading related revenue was 106,000,000 yen decrease year on year. Meanwhile, operating expenses increased owing to increase of system cost, etc.

The listing related revenue, that occupied about 40 percent of the operating revenue, was 53,089,000,000 yen (0.2 percent down), slight decrease. As to the listing related revenue, spot-trading stocks, etc. occupied 73 percent, 31,414,000,000 yen (0.5 percent down), financial derivatives occupied 24 percent, 10,361,000,000 yen (1.9 percent up) and commodity derivatives occupied 3 percent, 1,366,000,000 yen (12.8 percent down).

The next largest revenue was clearing related one, that occupied about 20 percent, its revenue was 28,008,000,000 yen (0.2 percent up), almost the same as the previous year. Information related revenue, its rate was the same level as the clearing related revenue, was 27,597,000,000 yen (1.6 percent up), 420,000,000 yen increase year on year.

JPX started new market divisions, “Prime Market”, “Standard Market”and“Growth Market” in its stock market in April 2022. However, the number of IPO in FY 2022 was 110 (23 decrease year on year) and funding amount by REIT of the listing companies was about 736,700,000,000 yen, lower than 1 trillion yen for the first time since 2011. Therefore, listing related revenue, that occupied about 10 percent, was 13,666,000,000 yen (13.2 percent down).

Meanwhile, operating expenses was 67,502,000,000 yen (6.8 percent up),about 4,300,000,000 increase year on year. The reason of the increase was as follows. Maintenance cost of the information system increased by 1,236,000,000 yen, and the related cost and depreciation cost such as preplacement of government bond clearing system installed in January 2022 and maintenance of Kansai Backup Center increased by 1,163,000,000 yen. Furthermore, various research expenses, etc. relating to the medium-term management plan increased by 1,955,000,000 yen. Personnel expenses decreased by 339,000,000 yen.

JPX also announced its consolidated earnings forecast in FY2022. It expects operating revenue of 134,500,000,000 yen (0.4 percent up year on year), operating profit of 68,500,000,000 yen (0.4 percent up), current profit belonging to the owner of the parent company of 49,000,000,000 yen (5.7 percent up) and basic earnings per share of 93.93 yen.

（Futures Tribune・issued May 2, 2023・no.3213）