Mizuho Investors Securities Co., Ltd. hereby announces the differences in its earnings results for Fiscal 2005 (April 1.2005-March 31.2006) from Fiscal 2004 (April 1.2004-March 31.2005).
1. Differences in Earnings Results
Non-consolidated
(Units: Millions of yen)
| Operating Revenues | Ordinary Profits | Net Income | |
| Fiscal 2005 (A) | 84,449 | 32,651 | 24,975 |
| Fiscal 2004 (B) | 46,124 | 8,317 | 5,703 |
| Differences (C) = (A) - (B) | 38,325 | 24,333 | 19,271 |
| Percentage Differences (C) / (B) | 83.1% | 292.6% | 337.9% |
(Note : fractions are rounded down)
Consolidated
(Units: Millions of yen)
| Operating Revenues | Ordinary Profits | Net Income | |
| Fiscal 2005 (A) | 84,483 | 32,700 | 24,972 |
| Fiscal 2004 (B) | 46,157 | 8,331 | 5,712 |
| Differences (C) = (A) - (B) | 38,326 | 24,368 | 19,260 |
| Percentage Differences (C) / (B) | 83.0% | 292.5% | 337.1% |
(Note : fractions are rounded down)
2. Reasons for the Differences
The differences between the results of Fiscal 2005 and Fiscal 2004 were caused by the increase of Operating Revenues due to the increase of Commission Income and Trading Profits which resulted in the increases in Ordinary Profits and Net Income.