FY2023 1Q
Consolidated
Financial Results
Financial results briefing materials

Supplementary
document

INV Inc.

Copyright© INV Inc. All Rights ReservedConsolidated
Financial Results
SummaryCopyright© INV Inc. All Rights Reserved1Consolidated Results Summary Year over year basis

FY2022 1Q

FY2023 1Q

YOY

Apr.2021 – Jun.2021

Apr.2022 - Jun.2022

Increase/Decrease
Ratio

Unit : millions of yen

Operating revenue

1,019

1,423＋39.7％

Net Operating revenue

1,007

1,322＋31.2％

Operating income

15112＋615.8％

Ordinary income

29241(85.9)％

Net income192

11(94.1)％

Copyright© INV Inc. All Rights Reserved

2

Operating revenue Breakdown YOY basis

Unit: millions of yen

1,423
108
101

1,019

Other operating revenue
282

108million yen YOY +0.8%

107
16

Financial revenue

222

101million yen YOY+513.2%

Commission received
282million yen YOY＋27.3%
929

Net trading income

672

Copyright© INV Inc. All Rights Reserved

929million yen YOY＋38.3%

１Ｑ

１Ｑ

FY2022

FY2023

3

Operating expenses Breakdown YOY basis

unit : millions of yen

1,209991
100
3695101
56
130
167

Other expenses
101million yen YOY＋0.6%

Depreciation
56million yen YOY+56.5%

Marketing cost

144
280

130million yen YOY+36.5%

Trading related expenses

218

167million yen YOY＋15.8%

396

473

Equipment costs
280million yen YOY+28.5%

Personnel expenses

Copyright© INV Inc. All Rights Reserved

１Ｑ

１Ｑ

FY2022

FY2023473million yen YOY＋19.4%

4

Operating income and Ordinary income YOY basis
Operating income

Ordinary income

112million yen YOY+615.8%

41million yen YOY(85.9)%

112
Unit : millions of yen

292
Operating income
Ordinary income

4115１Ｑ１Ｑ

FY2022

FY2023Copyright© INV Inc. All Rights Reserved

１Ｑ

１Ｑ

FY2022

FY2023

5Consolidated total amount of guarantee deposits received
Amount of guarantee deposits received is

1Q

2Q

3Q

FY2017

4Q

1Q

2Q

3Q

FY2018

4Q

1Q

96.8
billion yen

96.8billion yen

2Q

3Q

FY2019

4Q

1Q

2Q

3Q

FY2020

4Q

1Q

2Q

3Q

FY2021

4Q

1Q

2Q

3Q

FY2022

4Q

1Q
FY2023Since trading volume changes with market volatility, the amount of deposited margin , which is the "source of revenue" and "proof ofcustomer trust," is an important indicator.
Copyright© INV Inc. All Rights Reserved

6Consolidated Operating revenue Quarterly results
Unit : millions of yen

1,553
116
54

1,088
85
25
214

1,120

1,069

129

97
10
162

1,101

86

123
57

219

209

1,177
1,019

115
37

107
16200

240

1,408

1,423

134

108

99
250

101
282

222

Other operating
revenue
Financial revenue
Commission received
Net trading income

1,143
762

799

１Ｑ

２Ｑ
FY2021

Copyright© INV Inc. All Rights Reserved

824

685

709

672

３Ｑ

４Ｑ

１Ｑ

２Ｑ

３Ｑ

924

929

４Ｑ

１Ｑ

FY2022

7

Consolidated Operating expenses Quarterly results
Unit : millions of yen

1,017
80
63
109
144

1,074
991

74
4695

128

991

102

75
47
86

100

125

141

144

45

187

964

36
95

1,197

1,209

96

101

56

56

133

124

130

3772

172

167

1,045
963
102
3780

Other expenses

156
137
269

300

256

313

277

218

280

Marketing costs

241

216

Depreciation
Trading related expenses
Equipment costs
Personnel expenses

319

324

１Ｑ

２Ｑ
FY2021

Copyright© INV Inc. All Rights Reserved

365

335

３Ｑ

４Ｑ

396

388

402

１Ｑ

２Ｑ

３Ｑ

477

473

４Ｑ

１Ｑ

FY20228Consolidated Financial results Quarter Over Quarter Basis

FY2022 4Q

FY2023 1Q

QOQ

Jan.2022 - Mar.2022

Apr.2022 - Jun.2022

Increase/Decrease
ratio

Unit : millions of yen

Operating revenue

1,408

1,423＋1.0％

Net operating revenue

1,313

1,322＋0.7％

Operating income

116

112(3.4)％

Ordinary income

10141(59.4)％

Net income

197

11(94.3)％

Copyright© INV Inc. All Rights Reserved

9Operating revenue Breakdown QOQ basis
Unit : millions of yen

1,408

1,423

134

108

99250

101282Other operating revenue
108million yen QOQ (18.8%)

Financial revenue
101million yen QOQ +2.0%

Commission received
924

929

282million yen QOQ ＋12.7%

Net trading income
929million yen QOQ ＋0.6%

Copyright© INV Inc. All Rights Reserved

４Ｑ

１Ｑ

FY2022

FY2023

10Operating expenses Breakdown QOQ basis
Unit : millions of yen

1,197

1,209

96
56

101
56

Other expenses

124

130

101million yen QOQ＋5.3%

172

167

Depreciation
56million yen QOQ+0.1%

269

280

Marketing cost
130million yen QOQ+5.0%

Trading related expenses
477

473

167million yen QOQ(2.9)%

Equipment costs
280million yen QOQ+4.1%

Copyright© INV Inc. All Rights Reserved

４Ｑ

１Ｑ

FY2022

FY2023

Personnel expenses
473million yen QOQ(1.0)%
11Financial Results
By Segment
SummaryCopyright© INV Inc. All Rights Reserved

12Financial summary by segment YOY basis

FY2022 1Q

FY2023 1Q

YOY

Apr.2021 - Jun.2021

Apr.2022-Jun.2022

Increase/Decrease
Ratio

Unit : millions of yen

Domestic
FinancialBusiness

Overseas
FinancialBusiness

Copyright© INV Inc. All Rights ReservedNet
operatingrevenue627825＋31.6％

Operatingincome(34)82- %Net
operatingrevenue

409586＋43.1％

Operatingincome72

109＋51.5％

13

Financial summary by segment QOQ basis

Unit : millions of yen

Domestic
FinancialBusinessOverseas
FinancialBusinessCopyright© INV Inc. All Rights Reserved

FY2022 4Q

FY2023 1Q

QOQJan.,2022-Mar.,2022

Apr.,2022-Jun.,2022

Increase/Decrease
ratio

Net
operatingrevenue

768

825

＋7.5％

Operatingincome

(1)

82- %

Net
operatingrevenue

558

586

＋5.1％

Operatingincome

118

109(7.2)％

14

Net operating revenue and Operating income by segment
Operating income

Net operating revenue
Unit : millions of yen

DomesticFinancial Business

586

8242%
825

58%

10943%

Overseas
Financial Business

57%

Segment figures are before consolidation adjustments.Percentage shows the ratio of the segment.
Copyright© INV Inc. All Rights Reserved

15

Domestic
Financial businessHighlights
Segment Information

Copyright© INV Inc. All Rights Reserved

16

Domestic financial business segment

Net operating revenue breakdown by segment YOY basis
Net operating revenues of domestic segment is 825million yen YOY +31.6%
Unit : millions of yen

825
4967627

163

1963

Other financial expenses

103Intersegment eliminations
49million yen YOY +155.3%
594449Other operating revenue
67million yen YOY +5.1%
Commission received
163million yen YOY +57.6%-8Copyright© INV Inc. All Rights Reserved

(48)

１Q

１Q

FY2022

FY2023

Net trading revenue
594million yen YOY +32.4%

17

Domestic financial business segment

Quarterly net operating revenue and operating income
Net operating revenue

Operating income

825million yen YOY+31.6%

82million yen YOY+116million yen

Unit : millions of yen

3,118

454

First quarter
Second quarter

768

Third quarter
Fourth quarter352

975

748

82825
137

82825

(34)
(1)

FY

FY

FYFY

2022

2023

2022

2023

627

Copyright© INV Inc. All Rights Reserved

18

Domestic financial business segment

Net operating revenue and operating income quarterly results
Unit : millions of yen

975
825
771

765

700

768

748

735
627

Net operating revenue
Operating income

352

137
10

２Q

３Q
FY2021

Copyright© INV Inc. All Rights Reserved

(1)

(34)

(54)
１Q

8265

48

４Q

１Q

２Q

３Q

４Q

１Q

FY202219

Domestic financial business segment

Amount of guarantee deposits received Quarterly results
Amount of guarantee deposits received increased by 6.6billion yen YOY to85 billion yen

Number of accounts is over 480,000 accounts

85,036

Unit : millions of yen

78,33772,75670,956

66,976FX Margin Contracts

66,068Equity Index
Margin Contracts
FX Daily Futures contracts

Number of Accounts

487,044
As of June 30 , 2022
1Q

2Q

3Q

FY2018

Copyright© INV Inc. All Rights Reserved

4Q

1Q

2Q

3Q

FY2019

4Q

1Q

2Q

3Q

FY2020

4Q

1Q

2Q

3Q

FY2021

4Q

1Q

2Q

3Q

FY2022

4Q

1Q
FY2023

20OverseasFinancial businessHighlights
Segment Information

Copyright© INV Inc. All Rights Reserved

21

Overseas financial business segment

Net operating revenue breakdown by segment YOY basis
Net operating revenues of overseas segment is 586million yen YOY +43.1%
Unit : millions of yen

586
4041409

119

Other financial expenses

1044

Intersegment eliminations
40million yen YOY +293.1%

118437

Other operating revenue
41million yen YOY (5.3)%

240-3

Copyright© INV Inc. All Rights Reserved

Commission received
119million yen YOY +0.9%-52１Q１Q

FY2022FY2023

Net trading revenue
437million yen YOY +82.1%

22

Overseas financial business segment

Quarterly net operating revenue and operating income
Net operating revenue

Operating income

586million yen YOY+43.1%

109million yen YOY+51.5%

Unit : millions of yen

1,928

351

First quarter
Second quarter

558

Third quarter

118

Fourth quarter

544
113

586

109

415
47
409

586

109
72

FY

FY

FY

FY

2022

2023

2022

2023

Copyright© INV Inc. All Rights Reserved

23

Overseas financial business segment

Net operating revenue and operating income quarterly results

Unit : millions of yen

586

558

544

415

409

Net operating revenue
Operating income

348

321

317

302

113
7242437
１Q

２Q

３Q
FY2021

Copyright© INV Inc. All Rights Reserved

118

1094716４Q

１Q

２Q

３Q

４Q

１Q

FY202224

Overseas financial business segment

Amount of guarantee deposits received Quarterly results
Amount of guarantee deposits received increased by ９% YOY to200million AUD

Unit : millions of AUD

200

1Q

2Q

3Q

4Q

FY2017

Copyright© INV Inc. All Rights Reserved

1Q

2Q

3Q

FY2018

4Q

1Q

2Q

3Q

FY2019

4Q

1Q

2Q

3Q

FY2020

4Q

1Q

2Q

3Q

FY2021

4Q

1Q

2Q

3Q

FY2022

4Q

1Q
FY202325

ROE
Shareholder
returnCopyright© INV Inc. All Rights Reserved

26Return on equity（ROE)
Return on Equity of 1st Quarter of FY2023 is

0.4%
7.4%

7.2%

7.2%

6.4%

1.3%
0.3%
１Q

２Q

３Q

0.6%

４Q

0.4%
１Q

FY2021

２Q

３Q

４Q

１Q

FY2022

Quarterly ROE is calculated by annualizing the average value of quarterly net income.

Copyright© INV Inc. All Rights Reserved27

Shareholder returns

38 yen of dividends per share is planned for the first quarter of FY 2023
Dividend results and dividend forecast
Dividend yield

4.6%※Dividend yield is calculated at the closing price of “831”yen on June 30 ,2022

Dividend policy
INV Inc. pays semi-annual (interim and year-end) dividends under apolicy of distributing net income to our shareholders in an ongoingand stable manner as well as in line with our business performance.
The Company pays dividends at the higher of a consolidated
dividend payout ratio of 30% and a consolidated dividend on netassets DOE of 2% annually.

Fiscal year

FY2021

FY2022

FY2023

Half period(yen)

18.0

18.0

19.0

Year -end(yen)

19.0

24.0

19.0

Total(yen)

37.0

42.0

38.0

60

808

217

246

Payout Ratio

359.6%

30.5%

ROE

0.6%

7.2%

DOE

2.0%

2.2%

Dividend yield ※

5.2%

4.6%

Dividends

Net income(millions of yen)
Total dividends(millions of yen)

Dividends for the FY 2023 are forecasts and are not guaranteed.

Copyright© INV Inc. All Rights Reserved28

Mission/Vision
Management
Strategy

Copyright© INV Inc. All Rights Reserved29Mission
Existing Purpose

Making the world a better place.
Our mission is to create the solutions for the people of the world to navigate the financial
obstacles in each of their life plans, and to provide the support for ambitious, aspiring
people so that even more of them can seize opportunities for prosperity.
We aim to help build a better world using finance as a means to make people happy.

VisionOur Goal

Creating financial solutions with global user base of 10 million by 2025.
Our goal is to make the world a better place by providing people all around the world withfinancial solutions that make their lives happier. We will grow into a global company with aglobal customer base, which employs exceptional human resources from around the world who
fulfill their responsibilities as true professionals in order to turn our vision into reality.
As the first step in our vision, we will create financial solutions with a global user base of 10
million by 2025.

Copyright© INV Inc. All Rights Reserved30

Management Strategies to Achieve ”Vision” ~ in STAGE２ ~STAGE12017>>>2019年

STAGEImprove profitabilityof existing businessContinue d b us ine s s g r ow thCreate new business

Investment
Period22020>>>2022年
Pursue group synergies

STAGE 2023>>>2025年

3Development
PeriodBecome a global company with10 million users worldwide

GrowthPeriodManagement Strategies (STAGE2 : From 2020 to 2022)
Domestic Financial Business: Concentrate management resources on priority businesses. (Tri-Auto, MAiMATE)

1 Continued Growth

Overseas Financial Business: Aim to become a top-class global market player in the prime brokerage market.
R&D and technology-based product and service sophistication.
Becoming a holding company structure in October 2020.

Establishment of a flexible, speedy, and agile structure for the execution of strategies such as the launch of new

2 Group Synergies

businesses Diversify business portfolio (increase ratio of investment advisory, real estate finance, etc.)
Creating synergies on a global basis (group IT management, streamlining of business processes etc.)
Execute M&A in addition to the growth of each subsidiary.

3 Other

Enhancement of corporate brand value. (IR/PR)
Recruitment of excellent people who can cope with global expansion and reinforcement of the humanresource base of the organization.

Copyright© INV Inc. All Rights Reserved31Corporate Profile
CompanyName

INV Inc.

Head Office

1-5-6, Higashi-Nihonbashi, Chuo-ku, Tokyo, 103-0004, Japan

President
CEOTakeshi Kawaji

Established

October 1 ,2020

Capital

500 million yen

Business
Activities

Copyright© INV Inc. All Rights Reserved

ListedExchange

Tokyo Stock Exchanges Standard

Securities
Code7338

32This document is an excerpt translation of the Japanese original prepared for reference purposes.
In the case of any discrepancy between the translation and the Japanese original , the latter shall prevail.
The information contained in this material is intended to provide information on the Group's business andis not intended as a solicitation for investment. It is not intended as a solicitation to invest.

免責事項
Disclaimer
The information contained in this document contains forward-looking statements.

Because forward-looking statements are subject to various risks and uncertainties actual results may
differ materially from those contained in or suggested by such forward-looking statements. implied bysuch forward-looking statements.

While every effort has been made to ensure the accuracy of the information contained in this document.
However, it is information that can be provided at that time, and no guarantee is made as to its completeness,accuracy, applicability, or usefulness.

The user is solely responsible for making decisions based on the information.
The Company assumes no responsibility whatsoever for any decisions made based on information.

Copyright© INV Inc. All Rights Reserved33