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 Three Months Ended June 30, 2022
(Based on Japanese GAAP)
July 22, 2022
Company name:
IwaiCosmo Holdings, Inc.
Stock exchange listing: Tokyo
Stock code:
Representative:

8707
URL https://www.iwaicosmo-hd.jp
Chairman and Chief Executive Officer
Yoshiaki Okitsu

Inquiries:
President and Chief Operating Officer
Scheduled date to file Quarterly Securities Report:

Takao Sasakawa
August 12, 2022

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

Holding of quarterly financial results meeting:

NoTEL

06-6229-2800(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2022 (from April 1, 2022 to June 30, 2022)(1) Consolidated operating results (cumulative)

Percentages indicate year-on-year changes
Profit attributable toOperating revenue
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Three months ended June 30, 2022
4,624 (8.6)
4,572 (8.7)
972 (12.1)
1,204 (8.9)
832 11.3
Three months ended June 30, 2021
5,057 (12.8)
5,010 (12.5)
1,105 (40.6)
1,322 (34.7)
747 (50.8)
Net operating
revenue

Earnings per share

Diluted earnings per share

Yen
35.43
31.84

Three months ended June 30, 2022
Three months ended June 30, 2021

Yen––(2) Consolidated financial position
Total assets
As of June 30, 2022
As of March 31, 2022

Net assets

Millions of yen
183,556
182,476

Equity ratio

Millions of yen
55,11656,496

%
30.0
31.0

2. Cash dividends
Annual dividends per share

Year ended March 31, 2022
Year ending March 31, 2023

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
20.00

Yen–

Yen
60.00

Yen
80.00

––––

Year ending March 31, 2023 (Forecast)

1Total3. Notes(1) Changes in significant subsidiaries during the three months ended June 30, 2022
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(3) 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:

No
No

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

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2022

25,012,800 shares As of March 31, 2022

25,012,800 shares

Number of treasury shares at the end of the period
As of June 30, 2022

1,523,766 shares As of March 31, 2022

1,523,766 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2022

23,489,034 shares Three months ended June 30, 2021

223,489,034 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2022

As of June 30, 2022

AssetsCurrent assets
Cash and deposits
Segregated deposits

14,89592,347

11,57391,42792,000347

88,500
2,927

1,692
1,684

1,639
1,624

8
664

15
483

46,31544,381

52,72751,261

1,934

1,466

263
263

423
423

Advances paid
Short-term guarantee deposits

36
9,187

16
9,538

Accrued revenue
Other current assets

1,318
1,136

1,287
1,441

(6)

(6)

167,852

170,550

1,678
2221,620
219

Equipment
Land

892
541

832
541

Other
Intangible assets

22615

26
583

Software
Other

615
0

583
0

12,32910,803

10,802
9,562

Long-term guarantee deposits
Deferred tax assets

693
306

710
48

Other
Allowance for doubtful accounts

683
(157)

629
(149)

14,62313,006

182,476

183,556

Segregated 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, 2022

As of June 30, 2022

Liabilities
Current liabilities
Trading products

337

56

334
255
0

Margin transaction liabilities
Margin borrowings

18,65011,476

20,327
14,595

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

7,174
3,086

5,732
2,726

Cash collateral received for securities lent
Deposits received

3,086
50,2292,726
52,021

Deposits from customers
Other deposits received

46,273
3,956

45,067
6,953

Guarantee deposits received
Short-term borrowings

41,392
3,300

41,993
3,300

Current portion of bonds payable
Income taxes payable

2,000
218

2,000
140

Provision for bonuses
Other current liabilities

943
841

336
891

Total current liabilities

120,999

123,793

2,000

2,000

Deferred tax liabilities
Other noncurrent liabilities

2,177
363

1,836
372

Total non-current liabilities

4,541

4,208

438

438

438

438

125,979

128,440

Shareholders' equity
Share capital

10,00410,004

Capital surplus
Retained earnings

4,890
37,881

4,890
37,304

Treasury shares(1,702)(1,702)

Total shareholders' equity

51,07350,496

Valuation difference on available-for-sale securities

5,423

4,620

Total accumulated other comprehensive income

5,423

4,620

Trading securities and otherDerivatives

Non-current liabilities
Bonds payable

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

Accumulated other comprehensive income

Total net assets
Total liabilities and net assets

456,496

55,116

182,476

183,556

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)

Operating revenue
Commission received
Brokerage commission
Commission for underwriting, secondary distribution andsolicitation for selling and others for professional investors
Fees for offering, secondary distribution and solicitationfor selling and others for professional investors
Other commission received

Three months ended

Three months ended

June 30, 2021

June 30, 2022
2,206

2,656

1,175

1,84430

10362

187

637613

Net trading income
Net trading income from securities

2,325
2,113

1,467
983

Net trading income from bonds
Net other trading income

219
(7)

501
(16)

Financial revenue

525

500

5,057

4,624

Financial expenses

4751

Net operating revenue

5,010

4,572

Selling, general and administrative expenses
Trading related expenses

3,904
488

3,600
440

1,886
385

1,736381

Office expenses
Depreciation

768
193

705
164

Taxes and dues
Other97
82

100
70

1,105

972

218
1233
1

1,322

1,204

0

000

System Transfer Cost239–

Total extraordinary losses

239–

Profit before income taxes

1,082

1,204

Income taxes - current
Income taxes - deferred

43
291

101
270

Total income taxes

334

372

Profit747

832

Profit attributable to owners of parent

747

832

Total operating revenue

Personnel expenses
Real estate expenses

Operating profit
Non-operating income
Non-operating expenses
Ordinary profit
Extraordinary income
Reversal of reserve for financial instruments transaction
liabilities
Total extraordinary income
Extraordinary losses

5Consolidated statements of comprehensive income (cumulative)(Millions of yen)

ProfitOther comprehensive income

Three months ended

Three months ended

June 30, 2021

June 30, 2022
747

832

Valuation difference on available-for-sale securities

(267)

(802)

Total other comprehensive income(267)(802)

Comprehensive income

479

29

Comprehensive income attributable toComprehensive income attributable to owners of parent479

29

6