[NIKKO] QoQ Annualized Quarter Result on 31-Mar-2005 [#4]

Announcement Date
31-May-2005
Admission Sponsor
-
Sponsor
-
Financial Year
31-Mar-2005
Quarter
31-Mar-2005 [#4]
Profit Trend
QoQ- -72.32%
YoY- 35.18%
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Annualized Quarter Result
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
Revenue 181,338 189,522 89,900 231,743 285,514 274,304 108,584 40.62%
PBT -19,010 5,500 -5,236 4,311 16,317 49,998 25,440 -
Tax 0 0 0 -219 -1,534 -4,254 -2,372 -
NP -19,010 5,500 -5,236 4,092 14,782 45,744 23,068 -
-
NP to SH -19,010 5,500 -5,236 4,092 14,782 45,744 23,068 -
-
Tax Rate - 0.00% - 5.08% 9.40% 8.51% 9.32% -
Total Cost 200,349 184,022 95,136 227,651 270,732 228,560 85,516 76.12%
-
Net Worth 137,916 154,873 156,683 154,564 162,675 174,359 161,238 -9.86%
Dividend
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
Div 7,937 11,913 - 7,430 9,890 - - -
Div Payout % 0.00% 216.61% - 181.60% 66.90% - - -
Equity
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
Net Worth 137,916 154,873 156,683 154,564 162,675 174,359 161,238 -9.86%
NOSH 99,220 99,277 99,166 99,079 98,902 98,927 98,919 0.20%
Ratio Analysis
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
NP Margin -10.48% 2.90% -5.82% 1.77% 5.18% 16.68% 21.24% -
ROE -13.78% 3.55% -3.34% 2.65% 9.09% 26.24% 14.31% -
Per Share
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
RPS 182.76 190.90 90.66 233.90 288.68 277.28 109.77 40.34%
EPS -19.16 5.54 -5.28 4.13 14.95 46.24 23.32 -
DPS 8.00 12.00 0.00 7.50 10.00 0.00 0.00 -
NAPS 1.39 1.56 1.58 1.56 1.6448 1.7625 1.63 -10.04%
Adjusted Per Share Value based on latest NOSH - 98,939
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
RPS 182.11 190.33 90.28 232.73 286.73 275.47 109.05 40.62%
EPS -19.09 5.52 -5.26 4.11 14.85 45.94 23.17 -
DPS 7.97 11.96 0.00 7.46 9.93 0.00 0.00 -
NAPS 1.385 1.5553 1.5735 1.5522 1.6337 1.751 1.6192 -9.86%
Price Multiplier on Financial Quarter End Date
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
Date 30/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 -
Price 0.81 1.01 1.01 1.26 1.46 1.40 1.40 -
P/RPS 0.44 0.53 1.11 0.54 0.51 0.50 1.28 -50.83%
P/EPS -4.23 18.23 -19.13 30.51 9.77 3.03 6.00 -
EY -23.65 5.49 -5.23 3.28 10.24 33.03 16.66 -
DY 9.88 11.88 0.00 5.95 6.85 0.00 0.00 -
P/NAPS 0.58 0.65 0.64 0.81 0.89 0.79 0.86 -23.04%
Price Multiplier on Announcement Date
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
Date 23/02/06 25/11/05 29/08/05 31/05/05 24/02/05 30/11/04 26/08/04 -
Price 0.83 0.90 1.14 0.96 1.43 1.44 1.54 -
P/RPS 0.45 0.47 1.26 0.41 0.50 0.52 1.40 -52.97%
P/EPS -4.33 16.25 -21.59 23.24 9.57 3.11 6.60 -
EY -23.08 6.16 -4.63 4.30 10.45 32.11 15.14 -
DY 9.64 13.33 0.00 7.81 6.99 0.00 0.00 -
P/NAPS 0.60 0.58 0.72 0.62 0.87 0.82 0.94 -25.80%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

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