Monex Group, Inc.
［Updated］ Consolidated Financial Summary under IFRSs for the fiscal year ending March 31, 2021 (April1, 2020 - March 31, 2021)

This is an English translation for the Japanese report of the consolidated financial summary under IFRSs for the fiscal
year ending March 31, 2021. If there is any discrepancy between the statement in English and Japanese, the Japanesestatement shall take precedence.

Basis of preparation of financial statements
The financial information included in this report is based on our un-audited consolidated financial statements for thefiscal year ending March 31, 2021. All of those financial statements have been prepared based on IFRSs. All financial
information presented in million yen has been rounded to the nearest million.

Use of estimates and judgments
Management of Monex Group, Inc. and its subsidiaries is required to make judgments, estimates and assumptions that
affect the application of accounting policies and the reported amount of assets, liabilities, income and expenses inpreparation of financial statements in accordance with IFRSs. Actual results could differ from these estimates.
Accounting estimates and its underlying assumptions are continually reviewed. The impact of revisions to accounting
estimates is prospectively recognized in the period when the revision is made and in subsequent periods.

Monex Group, Inc. / April 2021

1

[Before Update] Consolidated Statements of Financial Position
As ofMar. 31, 2020

(Millions of Yen)
As ofMar. 31, 2021

Assets:Cash and cash equivalents .......................................
Cash segregated as deposits ....................................
Trading securities and other ....................................
Derivative assets......................................................
Inventories ...............................................................
Investments in securities .........................................
Margin transaction assets ........................................
Loans secured by securities .....................................
Other financial assets ..............................................
Property and equipment ..........................................
Intangible assets ......................................................
Equity method investments .....................................
Deferred tax assets ..................................................
Other assets .............................................................
Total assets

132,561
620,222
4,516
14,3802,932
5,447
107,20732,74847,9434,921
46,006
276
370
3,404
1,022,934

176,726
774,582
4,457
12,06745,462
8,515
182,017
42,774
100,167
4,961
44,861
345
1,456
2,738
1,401,130

Liabilities and Equity:
Liabilities:
Trading securities and other ....................................
Derivative liabilities ................................................
Margin transaction liabilities ...................................
Loans payable secured by securities .......................
Deposits received ....................................................
Guarantee deposits received ....................................
Bonds and loans payable .........................................
Other financial liabilities .........................................
Provisions ................................................................
Income taxes payable ..............................................
Deferred tax liabilities .............................................
Other liabilities ........................................................
Total liabilities

¥16
3,256
30,044
72,349393,344
282,006
147,941
8,068
208
556
2,188
5,933
945,909－5,621
37,637
117,259
492,466
334,357
246,220
17,496
208
6,571
3,074
49,695
1,310,605

Equity:Common stock ........................................................
Additional paid-in capital ........................................
Treasury stock .........................................................
Retained earnings ....................................................
Other components of equity ....................................
Equity attributable to owners of the Company
Non-controlling interests ...............................
Total equity
Total liabilities and equity

10,39440,291(1,032)18,011
8,547
76,210815
77,024
1,022,934

10,39440,253(446)30,1489,225
89,573952
90,524
1,401,1305

[Update is underlined] Consolidated Statements of Financial Position
As ofMar. 31, 2020

(Millions of Yen)
As ofMar. 31, 2021

Assets:Cash and cash equivalents .......................................
Cash segregated as deposits ....................................
Trading securities and other ....................................
Derivative assets......................................................
Inventories ...............................................................
Investments in securities .........................................
Margin transaction assets ........................................
Loans secured by securities .....................................
Other financial assets ..............................................
Property and equipment ..........................................
Intangible assets ......................................................
Equity method investments .....................................
Deferred tax assets ..................................................
Other assets .............................................................
Total assets

132,561
620,222
4,516
14,3802,932
5,447
107,20732,74847,943
4,921
46,006
276
370
3,404
1,022,934

163,989774,582
4,457
12,06745,462
8,515
182,017
42,774112,904
4,961
44,861
345
1,456
2,738
1,401,130

Liabilities and Equity:
Liabilities:
Trading securities and other ....................................
Derivative liabilities ................................................
Margin transaction liabilities ...................................
Loans payable secured by securities .......................
Deposits received ....................................................
Guarantee deposits received ....................................
Bonds and loans payable .........................................
Other financial liabilities .........................................
Provisions ................................................................
Income taxes payable ..............................................
Deferred tax liabilities .............................................
Other liabilities ........................................................
Total liabilities

¥16
3,256
30,044
72,349393,344
282,006
147,941
8,068
208556
2,188
5,933
945,909－5,621
37,637
117,259
492,466
334,357
246,220
17,496
208
6,571
3,074
49,695
1,310,605

Equity:Common stock ........................................................
Additional paid-in capital ........................................
Treasury stock .........................................................
Retained earnings ....................................................
Other components of equity ....................................
Equity attributable to owners of the Company
Non-controlling interests ...............................
Total equity
Total liabilities and equity

10,39440,291(1,032)18,011
8,547
76,210815
77,024
1,022,934

10,39440,253(446)30,1489,225
89,573952
90,524
1,401,1305[Before Update] Consolidated Statements of Cash Flows

Cash flows from operating activities:
Profit before income taxes ....................................................................
Depreciation and amortization ..............................................................
Impairment loss on non-financial assets
Financial income and financial expenses ..............................................
Decrease/increase in derivative assets and liabilities ............................
Decrease/increase in assets/liabilities for margin transaction ...............
Decrease/increase in loans/loans payable secured by securities ...........
Decrease/increase in cash segregated as deposits .................................
Decrease/increase in deposits received and guarantee deposits
received.................................................................................................
Decrease/increase in short-term loans receivable .................................
Other, net ..............................................................................................
Sub totalInterest and dividends income received ................................................
Interest expenses paid ...........................................................................
Income taxes refund/paid ......................................................................
Net cash provided by (used in) operating activities
Cash flows from investing activities:
Purchase of investments in securities ...................................................
Proceeds from sales and redemption of securities ................................
Purchase of property and equipment .....................................................
Purchase of intangible assets ................................................................
Proceeds from purchase of investments in subsidiaries ........................
Payments for acquisition of subsidiaries
Proceeds from sale of investments in associates
Other, net ..............................................................................................
Net cash provided by (used in) investing activities
Cash flows from financing activities:
Net increase/decrease in short-term loans payable ...............................
Proceeds from issuance of bonds payable.............................................
Redemption of bonds payable...............................................................
Proceeds from long-term loans payable ................................................
Repayment of long-term loans payable ................................................
Purchase of treasury shares
Cash dividends paid ..............................................................................
Capital contribution from non-controlling interests ..............................
Payments for acquisition of interests in subsidiaries from
non-controlling interests .......................................................................
Repayments of lease obligations ................................
Other, net
Net cash provided by (used in) financing activities
Net increase/decrease in cash and cash equivalents
Cash and cash equivalents at the beginning of period
Effect of exchange rate change on cash and cash equivalents
Cash and cash equivalents at the end of period

6For the fiscal year
ending Mar. 31,2020(Millions of Yen)
For the fiscal year
ending Mar. 31,2021

4,131
8,122
423
(12,944)(4,541)
28,880(19,477)(60,603)

21,296
8,149－(7,670)4,679(67,217)
34,107(144,523)

74,781

141,399

2,806(1,566)20,011
19,154(4,711)034,454(16,149)(27,844)(53,774)
13,158(3,999)(850)(45,466)

(376)
48
(841)
(5,548)－(334)
20(37)(7,068)(1,715)153(624)(4,917)34(49)
0(39)(7,158)(26,730)
15,495(11,205)
14,105(33,705)(3,389)(1,406)
191,979
10,310(4,000)9,970(10,005)－(1,975)0(405)(46)(1,160)－(48,399)(21,013)150,926(2,080)127,832(1,070)318
95,48342,859127,832
3,377
174,068

[Update is underlined] Consolidated Statements of Cash Flows

Cash flows from operating activities:
Profit before income taxes ....................................................................
Depreciation and amortization ..............................................................
Impairment loss on non-financial assets
Financial income and financial expenses ..............................................
Decrease/increase in derivative assets and liabilities ............................
Decrease/increase in assets/liabilities for margin transaction ...............
Decrease/increase in loans/loans payable secured by securities ...........
Decrease/increase in cash segregated as deposits .................................
Decrease/increase in deposits received and guarantee deposits
received.................................................................................................
Decrease/increase in short-term loans receivable .................................
Other, net ..............................................................................................
Sub totalInterest and dividends income received ................................................
Interest expenses paid ...........................................................................
Income taxes refund/paid ......................................................................
Net cash provided by (used in) operating activities
Cash flows from investing activities:
Purchase of investments in securities ...................................................
Proceeds from sales and redemption of securities ................................
Purchase of property and equipment .....................................................
Purchase of intangible assets ................................................................
Proceeds from purchase of investments in subsidiaries ........................
Payments for acquisition of subsidiaries
Proceeds from sale of investments in associates
Other, net ..............................................................................................
Net cash provided by (used in) investing activities
Cash flows from financing activities:
Net increase/decrease in short-term loans payable ...............................
Proceeds from issuance of bonds payable.............................................
Redemption of bonds payable...............................................................
Proceeds from long-term loans payable ................................................
Repayment of long-term loans payable ................................................
Purchase of treasury shares
Cash dividends paid ..............................................................................
Capital contribution from non-controlling interests ..............................
Payments for acquisition of interests in subsidiaries from
non-controlling interests .......................................................................
Repayments of lease obligations ................................
Other, net
Net cash provided by (used in) financing activities
Net increase/decrease in cash and cash equivalents
Cash and cash equivalents at the beginning of period
Effect of exchange rate change on cash and cash equivalents
Cash and cash equivalents at the end of period

6

For the fiscal year
ending Mar. 31,2020(Millions of Yen)
For the fiscal year
ending Mar. 31,2021

4,131
8,122
423
(12,944)(4,541)
28,880(19,477)(60,603)

21,296
8,149－(7,670)4,679(67,217)
21,877(144,523)

74,781

141,399

2,806(1,566)20,011
19,154(4,711)034,454(16,149)(27,844)(66,004)
13,158(3,999)(850)(57,696)

(376)
48
(841)
(5,548)－(334)
20(37)(7,068)(1,715)
153(624)(4,917)34(49)
0(39)(7,158)(26,730)
15,495(11,205)
14,105(33,705)(3,389)(1,406)
1

91,97910,310(4,000)9,970(10,005)－(1,975)0(405)(46)(1,160)－(48,399)(21,013)150,926(2,080)127,832(1,070)318
95,48330,629127,832
2,870
161,331