ODEX, Loss of 582 Million Yen in FY 2022-Second Consecutive Year of Deficit

Jul. 03, 2023

Osaka Dojima Exchange (ODEX) approved the business report, the income and expenditure report for the fiscal year ending March 2023 (April 2022-March 2023), the second year after it became a company limited, and reappointment of four directors at the general meeting of shareholders on June 27. Operating revenue during the period was 46,000,000 yen (86.7 percent down year on year) and net profit or loss of current period was ▲ 582,000,000 yen (the previous FY: ▲ 481,000,000 yen), becoming second consecutive year of deficit. ODEX listed its precious metal market as a trial during the period, however, as the market began trading on March 27, its transactions weren’t reflected in the earnings. Also, as rice futures transactions were abolished, there was no trading volume from April 2022 to listing of precious metals. So non-operating revenue such as real estate contracts, etc. accounted for the majority of revenue.

As to content of the operating revenue, 46,000,000 yen (347,000,000 in FY 2022, the first fiscal year after it became a company limited), transaction related income was 1,000,000 yen (27,000,000 yen in FY 2022) and information related income was 44,000,000 yen (42,000,000 yen).
As to real estate income, it was 283,000,000 yen (276,000,000 yen), that accounted for operating revenue in FY 2022 but non-operating revenue in FY 2023. Interest incomes and dividends were 2,000,000 yen (2,000,000 yen) and miscellaneous income was 12,000,000 yen (2,000,000 yen). As a result, non-operating revenue in FY 2023 was 298,000,000 yen (4,000,000 yen).
Meanwhile, operating expenses was 705,000,000 yen (771,000,000 yen), reducing by about 66,000,000 yen year on year, but non-operating expenses of real estate related costs were about 154,000,000 yen, so ordinary profit or loss was ▲ 524,000,000 yen (▲ 427,000,000 yen), amounting to loss of nearly one hundred million yen.
As to board member, Mr. Tatsuo Shigemitsu as executive chairman, Mr. Masashi Murata as representative director and president, Ms. Makiko Nakamuro, professor of faculty of policy management, Keio University, and Mr. Tatsuo Yamazaki, former financial officer, were reappointed, the same members as the previous term.

(Futures Tribune・issued June 27, 2023・no.3223)
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