【 10 min FY2021 1st Quarter Earnings 】
FY2021 1st Quarter Earnings Presentation (Apr. 2021 – Jun. 2021)
Shuhei Abe, President and CEO, will explain the outline of the SPARX Group's Q1 FY2021 financial results and recent business activities.
Summarize our financial results for the first quarter.
Operating revenue was up by 22.2% year on year, increasing from 2.79 billion yen last year to 3.31 billion yen this year. This increase was mainly due to higher management fees as our average assets under management, or AUM, rose 25.9%.
Moreover, operating profit increased by 58.6%, from 0.9 billion yen to 1.4 billion yen, not only due to higher management fees as I mentioned earlier but also from performance fees. In addition, our expenses remained at the same level as last year, which further contributed to our higher operating profit.
As a result, net income rose 101.2%, or from 0.5 billion yen last year to 1 billion yen this year. In addition to the reasons stated earlier, we recognized a gain from the sale of a portion of our investment securities for approximately 0.1 billion yen.
Because of these results, our base earnings increased by 56%, from 0.9 billion yen to 1.4 billion yen reflecting the increase in our management fees.