Daiwa Securities Group Annual Report 2012 Other Information Financial Section Management Systems & CSR Business Strategy Executive Messages Corporate Summary FY2009 1Q 2Q 3Q 4Q Market Data Nikkei 225 (end of each quarter, yen) . . . . . . . . . . . . . . . . . . . . . . . 9,958.44 10,133.23 10,546.44 11,089.94 TSE average daily trading value (billions of yen) . . . . . . . . . . . . . . . 1,721 1,519 1,464 1,507 Net purchases (sales) by investors on the TSE (billions of yen) Institutions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (662) (1,094) (164) (930) Individuals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 288 (273) (1,233) (1,067) Foreigners . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 788 1,467 2,059 2,284 Securities companies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 5 (30) (2) Ten-year Japanese government bond yield  (end of each quarter, %) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.350  1.295  1.285  1.395  Foreign exchange rates: Yen per U.S. dollar  (end of each quarter) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 96.31 89.76 92.45 93.45 Operating Performance Millions of yen Operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥132,119 ¥105,631 ¥183,615 ¥116,549 Commissions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70,514 58,008 67,256 57,083 Brokerage commission . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,255 14,431 12,558 13,595 Underwriting commission . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24,532 6,965 15,151 7,690 Distribution commission . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,298 8,641 10,001 7,509 Other commission . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,427 27,971 29,545 28,288 Net gain on trading . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34,712 28,536 7,754 39,951 Net gain (loss) on private equity and other investments . . . . . . . . (1,567) (4,463) 86,532 (4,917) Interest and dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,815 13,792 12,344 11,775 Service fees and other revenues . . . . . . . . . . . . . . . . . . . . . . . . . 11,644 9,756 9,726 12,655 Interest expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,508 11,340 10,982 9,827 Cost of service fees and other revenues . . . . . . . . . . . . . . . . . . 9,247 7,152 7,122 8,627 Net operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 107,364 87,137 165,509 98,094 Selling, general and administrative expenses . . . . . . . . . . . . . . 86,552 85,569 99,775 90,946 Commissions and other expenses . . . . . . . . . . . . . . . . . . . . . . . 14,346 15,943 16,014 15,485 Employees’ compensation and benefits . . . . . . . . . . . . . . . . . . . 39,938 37,274 52,095 40,642 Occupancy and rental . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,555 10,945 10,813 11,724 Data processing and office supplies . . . . . . . . . . . . . . . . . . . . . . 6,350 6,744 6,174 6,423 Depreciation and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . 9,506 9,545 9,746 10,302 Taxes other than income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . 2,113 1,762 1,689 2,160 Others . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,741 3,353 3,242 4,206 Operating income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,812 1,567 65,733 7,147 Non-operating income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,814 1,335 2,134 3,053 Non-operating expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 798 866 (22) 39 Ordinary income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,827 2,037 67,891 10,160 Extraordinary gains . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 373 264 106 945 Extraordinary losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,053 2,520 2,353 1,298 Income (loss) before income taxes and minority interests . . . . 22,148 (219) 65,645 9,808 Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,870 1,991 26,366 (2,798) Note: Based on unaudited financial statements included in the Group’s Consolidated Financial Summary submitted to the Tokyo Stock Exchange. Daiwa Securities Group Inc. and Consolidated Subsidiaries Twelve-Quarter Financial Summary 50