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Quarterly

	FY2023/24							FY2024/25
		1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q
Net Revenue	26,525	45,111	38,946	43,561	47,670	56,087	45,711	43,005
Income (loss) before Income Taxes	3,627	23,215	15,596	17,760	23,179	31,935	18,938	15,539

	FY2020/21	FY2021/22	FY2022/23	FY2023/24	FY2024/25
Net Revenue	163,150	147,993	128,559	154,143	192,473
Income (loss) before Income Taxes	91,008	71,515	43,495	60,198	89,591

millions of yen
On April 1, 2021, Asset Management and Merchant Banking were dissolved and Investment Management newly established. As a result, figures of FY2019/20 and FY2020/21 have been reclassified in line with the disclosure format for FY2021/22.