denominator which result in lower gross profit margin. 2) Product mix 3) Portugal operation takes approximately 3-6 months to negotiate the price adjustment with customers. However, Gross profit margin has
Securities and Exchange; “board of directors” means the board of directors of a derivatives clearing house; “executive director” means any director who takes part in management as prescribed by the
stationed at the office of the securities company where the communication with the client of such matter takes place; (b) arrange a system that allows the client to communicate with the securities company ’s
communication with the client of such matter takes place; (b) arrange a system that allows the client to communicate with the securities company’s employee who can provide such information to the client at the
negotiation on securities investment with clients for at least three months from the date on which such action takes place. In cases where there is a complaint regarding such action and the handling of such
with clients for at least three months from the date on which such action takes place. In cases where there is a complaint regarding such action and the handling of such complaint has not yet been
35.66 percent according to the calculation by the size of the total value of the consideration paid, (including transaction which takes place for 6 months earlier, which when calculation by the size of
the calculation by the size of the total value of the consideration paid, (including transaction which takes place for 6 months earlier, which when calculation by the size of the total value of the
of the consideration paid, (including transaction which takes place for 6 months earlier, which when calculation by the size of the total value of the consideration paid equal to 7.56 percent). The