**”Impact from Improvement in WM & Trading Division’s Ordinary Income Performance”**
On the 7th, Mirae Asset Securities announced that its operating profit for the previous year on a consolidated basis increased by 122% compared to the previous year, reaching 1.159 trillion won. /The Fact DB
‘Mirae Asset Securities has rejoined the 1 trillion won club by posting an operating profit of over 1 trillion won last year.’
‘On the 7th, Mirae Asset Securities reported that last year’s sales amounted to 22.268 trillion won, marking a 9% increase compared to the previous year.’
‘Operating profit increased by 122% to 1.159 trillion won, recovering to the 1 trillion won level for the first time in three years since 2021 (1.4855 trillion won). Pre-tax profit and net profit were 1.1845 trillion won and 893.7 billion won, respectively, increasing by 217% and 168%.’
‘Equity capital was 12.2 trillion won, maintaining the largest scale in the industry, having increased by roughly 1 trillion won within a year after surpassing 11 trillion won the previous year.’
‘Mirae Asset Securities explained that the significant improvement in ordinary income performance centered on asset management (WM) including brokerage and trading divisions, along with approximately 340 billion won in non-recurring income from foreign exchange gains during the overseas subsidiary capital reallocation process for expanding Indian business, were reflected in this performance.’
‘Pre-tax profit for overseas subsidiaries increased by 243% to 166.1 billion won compared to the previous year, and among them, the US subsidiary achieved the highest performance since its inception with a pre-tax profit of 94.5 billion won.’
‘Mirae Asset Securities stated that the US subsidiary, the only domestic entity with a local clearing license, provides stable US stock brokerage services and is strengthening capabilities by successfully completing system connections with major local exchanges such as the New York Stock Exchange and NASDAQ.’
‘Additionally, having completed the acquisition of the comprehensive securities firm Sharekhan in India last year, the company expects to expand its market dominance and increase profits in India this year.’
‘Last year, Mirae Asset Securities’ pension assets and overseas stock balances both surpassed 40 trillion won.’
‘With the introduction of the retirement pension transfer system last October, a “money move” phenomenon was fully underway, resulting in total balances reaching 42.7 trillion won.’
‘Personal pensions, defined contribution (DC) pensions, and individual retirement pension (IRP) reserves all surpassed 10 trillion won.’
‘The overseas stock balance of 40 trillion won marks an industry-first record, with the brokerage division continuing solid growth.’
‘The trading division recorded a total operating profit of 1.1262 trillion won, a 34% increase compared to the previous year.’
‘The IB (corporate finance) division maintained market dominance by leading 15 initial public offerings (IPOs) with a focus on risk management.’
‘A representative from Mirae Asset Securities stated, “We aim to generate ordinary profits in diversified business sectors and strengthen the competitiveness of global business and artificial intelligence (AI) as we transition to the next step, achieving continuous growth.”‘
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