Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Year Ended March 31, 2024
(Based on Japanese GAAP)
April 26, 2024
Company name:

IwaiCosmo Holdings, Inc.

Stock exchange listing: Tokyo
Stock code:
8707
Representative:
Inquiries:

URL

https://www.iwaicosmo-hd.jp

Chairman and Chief Executive Officer
President and Chief Operating OfficerYoshiaki Okitsu
Takao Sasakawa

Scheduled date of ordinary general meeting of shareholders:
Scheduled date to file Securities Report:

June 21, 2024
June 21, 2024

Scheduled date to commence dividend payments:
Preparation of supplementary material on financial results:

June 5, 2024
Yes

Holding of financial results meeting:

NoTEL

06-6229-2800(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended March 31, 2024 (from April 1, 2023 to March 31, 2024)(1) Consolidated operating results
Percentages indicate year-on-year changes
Net operating
Profit attributable toOperating revenue
Operating profit
Ordinary profit
revenueowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Year ended March 31, 2024
24,040 22.1
23,781 22.4
7,600 59.3
8,003 54.9
5,554 55.9
Year ended March 31, 2023
19,691(4.9)
19,428 (5.3)
4,770 (11.4)
5,165 (10.9)
3,564(5.1)
Earnings per share

Diluted earnings per share

Yen
236.49151.73

Year ended March 31, 2024
Year ended March 31, 2023

Yen––Profit attributable toOperating profit/net sales
owners of parent/equity%%
9.0
31.6
6.2
24.2

(2) Consolidated financial position
Total assets
As of March 31, 2024
As of March 31, 2023

Net assets

Equity ratio

Millions of yen
208,114
183,509

Millions of yen
66,34457,557

Cash flows fromoperating activities
Millions of yen
1,579(5,797)

Cash flows frominvesting activities
Millions of yen
3,020(2,394)

Net assets per share%
31.9
31.4

Yen
2,824.53
2,450.40(3) Consolidated cash flows

Year ended March 31, 2024
Year ended March 31, 2023

Cash flows from
Cash and cash equivalents
financing activities
at end of period
Millions of yen
Millions of yen(1,886)
7,982(1,728)4,731

2. Cash dividends
Annual dividends per share
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end

Year ended March 31, 2023
Year ended March 31, 2024
Year ending March 31, 2025
(Forecast)of dividends
Total cash
Dividend payout Ratio
to net assets
dividends (Total) ratio (Consolidated) (Consolidated)

Total

Yen

Yen

Yen

Yen

Yen

Millions of yen%%

––

20.00
20.00––

60.00
100.0080.00
120.00

1,879
2,818

52.7
50.7

3.3
4.5

–

––––

1–

3. Notes(1) Changes in significant subsidiaries during the year ended March 31, 2024
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

NoNo

Changes in accounting estimates:Restatement of prior period financial statements:

NoNo(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2024

25,012,800 shares As of March 31, 2023

25,012,800 shares

Number of treasury shares at the end of the period
As of March 31, 2024

1,523,944 shares As of March 31, 2023

1,523,846 shares

23,488,880 shares Year ended March 31, 2023

23,489,027 shares

Average number of shares during the period
Year ended March 31, 20242

Consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2023

As of March 31, 2024

AssetsCurrent assets
Cash and deposits
Segregated deposits

8,330
84,761

8,422
104,308

80,5004,261

102,000
2,308

1,935
1,935

1,747
1,746

–
535

0
311

63,16761,71661,75460,008

1,450

1,745

183
183

335
335

Advances paid
Short-term guarantee deposits

18
9,214

4
8,451

Accrued revenue
Other current assets

1,475
768

1,328
788

(6)

(6)

170,384

187,447

1,466
232

1,745
281

Equipment
Land669541

905
541

Other
Intangible assets

22444

16274

Software
Other

444
0

274
0

11,213
9,839

18,647
17,229Long-term guarantee deposits
Deferred tax assets

702
309

710
507

Other
Allowance for doubtful accounts

503
(141)

327
(127)

13,125

20,666

183,509208,114Segregated deposits for customers
Other segregated deposits
Trading products
Trading securities and otherDerivatives
Trade date accrual
Margin transaction assets
Margin loans
Cash collateral provided for securities borrowed in
margin transactions
Loans secured by securities
Cash collateral provided for securities borrowed

Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings, net

Investments and other assets
Investment securities

Total non-current assets
Total assets3

(Millions of yen)
As of March 31, 2023

As of March 31, 2024

Liabilities
Current liabilities
Trading products

272

406

249
23394
11

Margin transaction liabilities
Margin borrowings

21,851
15,47818,534
11,031

Cash received for securities sold in margin transactions
Borrowings secured by securities

6,373
4,048

7,502
4,370

Cash collateral received for securities lent
Deposits received

4,048
44,5154,370
54,731

Deposits from customers
Other deposits received

41,5282,987

46,434
8,296

Guarantee deposits received
Short-term borrowings

41,8473,500

46,642
3,500

Income taxes payable
Provision for bonuses

1,089
834

2,039
1,424

Trading securities and otherDerivatives

Other current liabilities

1,281

1,068

Total current liabilities

119,241

132,716

4,000
1,903

4,000
4,085

Non-current liabilities
Bonds payable
Deferred tax liabilities
Other noncurrent liabilities

368

431

Total non-current liabilities

6,272

8,516

439

535

Reserves under special laws
Reserve for financial instruments transaction liabilities
Total reserves under special laws

439

535

125,952

141,769

Share capital
Capital surplus

10,004
4,890

10,004
4,890

Retained earnings
Treasury shares

39,566(1,702)

43,242(1,702)

Total shareholders' equity

52,75856,433

Accumulated other comprehensive income
Valuation difference on available-for-sale securities

4,799

9,911

Total accumulated other comprehensive income

4,799

9,911

Total liabilities
Net assets
Shareholders' equity

Total net assets
Total liabilities and net assets

457,557

66,344

183,509208,114

Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Millions of yen)
Fiscal year ended
March 31, 2023

Fiscal year ended
March 31, 2024

Operating revenue
Commission received
Brokerage commission

12,123
8,405

10,8097,336

Commission for underwriting, secondary distribution andsolicitation for selling and others for professional investors

139107

Fees for offering, secondary distribution and solicitation
for selling and others for professional investors

1,183

787

2,393
5,443

2,577
10,636

4,628
859

10,459247

Net other trading income
Financial revenue

(43)
2,124

(70)
2,595

Total operating revenue

19,691

24,040

Other commission received
Net trading income
Net trading income from securities
Net trading income from bonds

Financial expenses

262

259

Net operating revenue

19,42823,781

Selling, general and administrative expenses

14,65816,180

Trading related expenses
Personnel expenses

1,752
7,233

2,008
8,447

Real estate expenses
Office expenses

1,470
2,918

1,442
2,958

Depreciation
Taxes and dues

664
366

648
415

Other251

260

Operating profit

4,770

7,600

456

428

Non-operating income
Non-operating expenses

60

25

5,165

8,003

Gain on sale of investment securities–

40

Total extraordinary income

–

40

195

Ordinary profit
Extraordinary income

Extraordinary losses
Provision of reserve for financial instruments transaction
liabilities

195

Profit before income taxes

Total extraordinary losses

5,164

7,947

Income taxes - current

1,601

2,671

Income taxes - deferred(0)(279)

Total income taxes

1,600

2,392

Profit

3,564

5,554

Profit attributable to owners of parent

3,564

5,554

5Consolidated statements of comprehensive income(Millions of yen)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Total other comprehensive income

Fiscal year ended

Fiscal year ended

March 31, 2023

March 31, 2024
3,564

5,554(624)

5,111

(624)

5,111

Comprehensive income

2,939

10,666Comprehensive income attributable toComprehensive income attributable to owners of parent

2,939

10,666

6Consolidated statements of changes in equity
Fiscal year ended March 31, 2023
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

Capital surplus

10,004Retained earnings

4,890

37,881

Total shareholders'equityTreasury shares(1,702)51,073

Changes during period
Dividends of surplus(1,879)(1,879)Profit attributable to owners ofparent

3,564

3,564

Purchase of treasury shares

(0)

(0)

Net changes in items otherthan shareholders' equity
Total changes during period
Balance at end of period

––

1,684

(0)

1,684

10,0044,890

39,566(1,702)52,758

Accumulated other comprehensive income

Balance at beginning of period

Valuation difference
on available-for-salesecurities

Total accumulated
other comprehensive
income

5,423

5,423

Total net assets

56,496

Changes during period
Dividends of surplus(1,879)Profit attributable to owners ofparent

3,564

Purchase of treasury shares(0)

Net changes in items otherthan shareholders' equity

(624)

(624)

(624)

Total changes during period

(624)

(624)

1,060

Balance at end of period

4,799

4,79957,557

7Fiscal year ended March 31, 2024
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

Capital surplus

10,004Retained earnings

4,890

39,566

Total shareholders'equity

Treasury shares(1,702)52,758Changes during period
Dividends of surplus(1,879)(1,879)Profit attributable to owners ofparent

5,554

5,554

Purchase of treasury shares

(0)

(0)

Net changes in items otherthan shareholders' equity
Total changes during period
Balance at end of period

––

3,675

(0)

3,675

10,0044,89043,242(1,702)56,433

Accumulated other comprehensive income

Balance at beginning of period

Valuation difference
on available-for-salesecurities

Total accumulated
other comprehensive
income

4,799

4,799

Total net assets

57,557

Changes during period
Dividends of surplus(1,879)Profit attributable to owners ofparent5,554

Purchase of treasury shares(0)

Net changes in items otherthan shareholders' equity

5,111

5,111

5,111

Total changes during period

5,111

5,111

8,787

Balance at end of period

9,911

9,911

66,3448Consolidated statements of cash flows(Millions of yen)

Cash flows from operating activities
Profit before income taxes

Fiscal year ended

Fiscal year ended

March 31, 2023

March 31, 2024
5,164

7,947

Depreciation
Bond issuance costs

664
44648
–

Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses

(16)
(108)

(13)
590

Increase (decrease) in reserve for financial instruments
transaction liabilities

195(2,302)262(2,612)
259

(992)
–

(905)
(40)

Decrease (increase) in cash segregated as deposits forcustomers

11,500(21,500)

Decrease (increase) in other segregated deposits
Decrease (increase) in trading products(3,914)
(307)

1,953
321

Decrease (increase) in trade date accrual
Decrease (increase) in margin transaction assets

128(16,851)

224
1,412

Decrease (increase) in loans secured by securities
Decrease (increase) in advance paid

80
18(152)13

Decrease (increase) in deposits
Increase (decrease) in margin transaction liabilities

(26)
3,201

763
(3,317)

Increase (decrease) in borrowings secured by securities
Increase (decrease) in deposits received962(5,714)322
10,215454
541

4,795(197)Interest and dividend income
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on sale of investment securities

Increase (decrease) in guarantee deposits received
Other, net
Subtotal(7,208)822Interest and dividends received
Interest paid

2,210(256)2,688(261)

Income taxes refund (paid)(541)(1,670)(5,797)

1,579

Payments into time deposits
Proceeds from withdrawal of time deposits(6,031)
3,669(2,793)
6,321

Purchase of property, plant and equipment
Purchase of intangible assets

(71)
(19)

(531)
(6)

Purchase of long-term prepaid expenses
Purchase of investment securities

(2)
(59)

(4)
(114)

Proceeds from sale of investment securities
Other, net101
195990(2,394)

3,020

Net cash provided by (used in) operating activities
Cash flows from investing activities

Net cash provided by (used in) investing activities

9

(Millions of yen)

Cash flows from financing activities
Net increase (decrease) in short-term borrowings

Fiscal year ended

Fiscal year ended

March 31, 2023

March 31, 2024
200–Repayments of lease liabilities
Proceeds from issuance of bonds

(5)
1,955

(5)
–

Redemption of bonds
Purchase of treasury shares(2,000)(0)–(0)

Dividends paid

(1,879)(1,881)

Net cash provided by (used in) financing activities(1,728)(1,886)

Effect of exchange rate change on cash and cash equivalents

775

538

Net increase (decrease) in cash and cash equivalents(9,145)

3,251

Cash and cash equivalents at beginning of period

13,876

4,731

Cash and cash equivalents at end of period

4,731

7,982

10