Ichiyoshi Securities : Preliminary Consolidated Earnings Figures for First Three Quarters of Fiscal 2016

(Press release on January 19, 2017) (English translation for reference purposes only)

ICHIYOSHI SECURITIES CO., LTD.

Listed on: Tokyo Stock Exchange (1st Section) (Stock code: 8624) President & Representative Executive Officer: Mr. Minoru Kobayashi

Enquiry to: Mr. Nobuaki Tsuji, Manager of Public Relations Tel: [phone] Preliminary Consolidated Earnings Figures for First Three Quarters of Fiscal 2016

The following are our preliminary consolidated earnings figures for the first three quarters of fiscal 2016 (from April 1 to December 31, 2016), as compared with the actual result for the first three quarters of fiscal 2015 and that for the whole fiscal 2015. The final consolidated earnings figures for the first three quarters of fiscal 2016 are scheduled to be released on January 30, 2017.

Preliminary Consolidated Earnings Figures (in millions of yen)

---First three quarters of --- Change Fiscal 2015 Fiscal 2016(a) Fiscal 2015(b) (a) over (b)

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(Preliminary)	(Actual)	(Actual)
Operating revenue	15,171	16,933	- 10.4 %	21,846
Operating income	1,936	3,271	- 40.8 %	3,695
Current income	1,993	3,386	- 41.1 %	3,813
Net income attributable
to owners of parent	1,451	2,223	- 34.7 %	2,580
Earnings per share	33.77yen	50.66yen	---	58.88yen

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Since financial instruments-trading business is susceptible to volatile factors in the market, we do not give a guidance on prospective earnings before the end of our quarterly or annual business term.

Although the above-mentioned preliminary consolidated earnings figures are prepared on the basis of our reasonable judgment at this point of time, there is a possibility that they may differ from the final consolidated earnings figures scheduled to be released on January 30, 2017.

(End)