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Brokerage Commissions and Net Gains on Investment Securities | 12 Months Ended
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Mar. 31, 2014
Brokerage Commissions and Net Gains on Investment Securities | 22. Brokerage Commissions and Net Gains on Investment Securities Brokerage commissions and net gains on investment securities in fiscal 2012, 2013 and 2014 consist of the following:
|  | Millions of yen |
|  | 2012 |  |  | 2013 |  |  | 2014 |
Net gains on investment securities |  | ¥ | 24,894 |  |  | ¥ | 28,805 |  |  | ¥ | 19,412 |
Dividends income, other |  |  | 4,443 |  |  |  | 6,009 |  |  |  | 7,771 |
|  | ¥ | 29,337 |  |  | ¥ | 34,814 |  |  | ¥ | 27,183 |
Trading activities—Net gains on investment securities include net trading gains of ¥9,324 million, net trading gains of ¥3,435 million and net trading losses of ¥3,208 million for fiscal 2012, 2013 and 2014, respectively. Gains on derivative trading instruments are included in income from discontinued operations. For further information, see Note 27 “Discontinued Operations.”

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