24. Asset Management and Servicing Operations

Asset management and servicing revenues and expenses in fiscal 2012, 2013 and 2014 consist of the following:


	Millions of yen
Revenues from asset management and servicing:	2012		2013		2014
Management fee income	¥	9,297	¥	8,181	¥	111,970
Performance fee income		3,528		6,962		5,956
Other		83		122		8,566

	¥	12,908	¥	15,265	¥	126,492


	Millions of yen
Expenses from asset management and servicing:	2012		2013		2014
Distribution fee expenses	¥	172	¥	324	¥	14,767
Sub-advisory fee expenses		309		259		19,483
Other		12		10		1,900

	¥	493	¥	593	¥	36,150