Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail.

Consolidated Financial Results
for the Fiscal Year Ended March 31, 2024
(Under Japanese GAAP)
April 30, 2024
Company name:
Listing:
Securities code:
URL:
Representative:
Inquiries:

Traders Holdings Co., Ltd.
Tokyo Stock Exchange (Standard Market)
8704
https://www.tradershd.com/Takayuki Kanamaru, Chairman and President
Masayuki Niizuma, Executive Managing Director

Telephone:+81-3-6736-9850
Scheduled date of annual general meeting of shareholders:June 26, 2024
Scheduled date to commence dividend payments:
June 27, 2024
Scheduled date to file annual securities report:
June 26, 2024
Preparation of supplementary material on financial results:
Yes
Holding of financial results briefing:
Yes (For institutional investors and analysts, in Japanese)(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the Fiscal Year ended March 31, 2024 (from April 1,2023 to March 31,2024)(1) Consolidated operating results(Percentages indicate year-on-year changes.)

OperatingRevenue

Net operatingrevenue

Operating profit

Profit attributable toowners of parent

Ordinary profit

Fiscal Year ended

Millions ofyen%Millions ofyen%Millions ofyen%Millions ofyen%Millions ofyen%

March 31, 2024

10,103

9.9

9,912

11.3

4,412

17.9

4,389

17.7

3,334

3.6

March 31, 2023

9,194

29.8

8,905

30.7

3,742

57.8

3,730

58.1

3,217

47.0

Note: Comprehensive income

For the Fiscal Year ended March 31, 2024:
For the Fiscal Year ended March 31, 2023:

Basic earnings
per share

Diluted earnings
per share

3,360 Millions of yen [ 4.2%]
3,225 Millions of yen [ 45.1%]

Return on equity

Ratio of ordinary
profit to total assets

Ratio of operating
profit to net sales

Fiscal Year ended

Yen

Yen%%%March 31, 2024

117.39

-

25.6

4.3

43.7

March 31, 2023

111.12

-

30.3

4.6

40.7

Reference: Share of profit (loss) of entities accounted for using equity method
For the fiscal year ended March 31, 2024: - Millions of yen
For the fiscal year ended March 31, 2023: (2) Millions of yen(2) Consolidated financial position
Total assets
As ofNet assets

Equity-to-asset ratio

Net assets per share

Millions of yen

Millions of yen%

Yen

March 31, 2024

118,193

14,121

11.9

504.36

March 31, 2023

88,317

11,97513.6

416.91

Reference: Equity

As of March 31, 2024:
As of March 31, 2023:

14,070 Millions of yen
11,975 Millions of yen

1(3) Consolidated cash flows
Cash flows fromoperating activities

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash
equivalents at end ofperiod

Fiscal year ended

Millions of yen

Millions of yen

Millions of yen

Millions of yen

March 31, 2024

5,168(329)(1,279)8,820

March 31, 2023

1,322(729)

(590)

5,235

2. Cash dividends
Ratio ofTotal cash
Payout ratio dividends todividends(Consolidated) net assets(Total)(Consolidated)

Annual dividends per share
First
SecondThird
quarter-end quarter-end quarter-end

Fiscal year ended
March 31, 2023
Fiscal year ended
March 31, 2024

Fiscalyear-end

Total

Yen

Yen

Yen

Yen

Yen

Millions ofyen%%-

0.00

-

17.00

17.00

488

15.3

4.6-

8.00

-

16.00

24.00

673

20.4

5.2

12.00

---

Fiscal yearending March 31,2025 (Forecast)-Note: The year-end dividend forecast for the Fiscal year ending March 31, 2025 yet been determined at this point.

3. Financial Forecasts for the Fiscal year ending March 31, 2025 (from April 1,2024 to March 31, 2025)(Percentages indicate year-on-year changes.)
OperatingRevenue

Full year

Operating profit

Profit attributableto owners of parent

Ordinary profit

Basic earnings
per share

Millions ofyen%Millions ofyen%Millions ofyen%Millions ofyen%

Yen

11,80016.8

5,000

13.3

5,000

13.9

3,400

2.0

121.872

* Notes(1)
Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the changein scope of consolidation): None
(2) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations: None(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
(3) Number of issued shares (common shares)(i)

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

29,538,647 shares

As of March 31, 2023

29,538,647 shares(ii) Number of treasury shares at the end of the period
As of March 31, 2024

1,641,124 shares

As of March 31, 2023

815,364 shares(iii) Average number of shares outstanding during the period
Fiscal Year ended March 31, 2024

28,403,540 sharesFiscal Year ended March 31, 2023

28,958,227 shares* Financial results reports are exempt from audit conducted by certified public accountants or an auditcorporation.
* Proper use of earnings forecasts, and other special matters
Forecasts and other forward-looking statements in this document are based on information currently available to
the Company and certain assumptions deemed to be reasonable. Actual results may differ significantly from theforecasts due to various factors.
* This document is an English translation of a Japanese announcement made on the date above. Although the weintended to faithfully translate the Japanese document into English, the accuracy and this English translation isnot guaranteed and thus you are encouraged to refer to the original Japanese document.

3

Consolidated Financial Statements
ⅰ. Consolidated Balance Sheets(Millions of yen)
As of March 31, 2023

As of March 31, 2024

AssetsCurrent assets
Cash and deposits

5,235Work in process
Segregated deposits
Segregated deposits for customers
Other segregated deposits
Trading products
Short-term guarantee deposits
Margin deposits for foreign exchanges
Margin deposits for crypto assets
Margin deposits for other assets

8,850

6

1

72,646

99,572

72,63499,5561216543

1,200

7,119

5,970

6,762

5,569352

396

55

Other

779

806

Allowance for doubtful accounts

(10)

(23)

86,320116,378285

257

Total current assets
Non-current assets
Property, plant and equipment
Buildings

213

218

Accumulated depreciation

(6)

(50)

Buildings, net

207

168

Tools, furniture and fixtures

132

166

Accumulated depreciation

(54)

(78)

Tools, furniture and fixtures, net

78

88

Intangible assets

638

744

Software

609

702

Other

29

41

1,072

813

Investment securities-

100

Long-term advance paid

173

20

Long-term deposits

172-Deferred tax assets

543

275

Other

356

435Investments and other assets

Allowance for doubtful accounts
Total non-current assets
Total assets

4(173)

(19)

1,997

1,814

88,317

118,193(Millions of yen)
As of March 31, 2023

As of March 31, 2024

Liabilities
Current liabilities
Trading products

208

298

Deposits received

20

26

73,083

100,11372,94999,977

Guarantee deposits received
Margin deposits received for foreign exchanges
Margin deposits received for crypto assets

134

136

860

1,127

Current portion of long-term borrowings

72

393

Current portion of bonds payable

100600

Income taxes payable

288

505

Provision for bonuses

181

273

Other411

546

75,226

103,884

Bonds payable

600-Long-term borrowings
Provision for retirement benefits for directors (andother officers)
Retirement benefit liability

463

112

1633

36

41

00

Short-term borrowings

Total current liabilities
Non-current liabilities

Other
Total non-current liabilities
Total liabilities

1,115

187

76,342104,071

1,564

1,564

Net assets
Shareholders' equity
Share capital
Capital surplus

901

961

Retained earnings

9,768

12,386

Treasury shares

(310)

(921)

Total shareholders' equity

11,922

13,991

Foreign currency translation adjustment

52

78

Total accumulated other comprehensive income

5278

Share acquisition rights-49

Non-controlling interests-

011,975

14,121

88,317

118,193

Accumulated other comprehensive income

Total net assets
Total liabilities and net assets

5ⅱ. Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income(Millions of yen)
Fiscal year ended
March 31, 2023
Operating revenue
Commission received
Net trading income
Financial revenue
Other sales
OtherTotal operating revenue

Fiscal year endedMarch 31, 2024
86
8,757
1343
680
9,787
1
234
-

9,194

10,103Financial expenses
Cost of sales

53236

53
138

Net operating revenue

8,905

9,912

Selling, general and administrative expenses
Trading related expenses
Personnel expenses
Real estate expenses
Office expenses
Depreciation
Taxes and dues
Other

2,209
1,880
588
74
250
131
28

1,811
2,275
692
82
328
102
205

5,162

5,499

3,742

4,412

Non-operating income
Interest and dividend income
Subsidy income
Insurance claim income
Other

1
732
32
1

Total non-operating income

11913
5414
14
223

31

3,730

4,389

27-

327

3136152-

718
6127

32

Profit before income taxes

3,630

4,360

Income taxes - current
Income taxes - deferred

605
(193)

758
267

Total income taxes

412

1,026

3,217

3,334-

(0)

3,217

3,334

Total selling, general and administrative expenses
Operating profit

Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of investment securities
Reversal of provision for bonuses
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on liquidation of business
Head office relocation expenses
Impairment losses
Total extraordinary losses

ProfitLoss attributable to non-controlling interests
Profit attributable to owners of parent

6

Consolidated Statements of Comprehensive Income(Millions of yen)
Fiscal year ended
March 31, 2023
ProfitFiscal year ended
March 31, 2024
3,217

3,334

Foreign currency translation adjustment

726

Total other comprehensive income

726

3,225

3,360

3,224

3,3600(0)Other comprehensive incomeComprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

7ⅲ. Consolidated statements of changes in equity
Fiscal year ended March 31, 2023 (From April 1, 2022 to March 31, 2023)(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

Capital surplus

1,500

Retainedearnings

842

Treasury shares

6,870

(7)

Total
shareholders'equity9,205

Changes during period
Dividends of surplus
Profit attributable to owners ofparent
Restricted Stock remuneration

64(320)

(320)

3,217

3,217

58

123

Purchase of treasury shares
Disposal of treasury shares
Net changes in items other thanshareholders' equity
Total changes during period
Balance at end of period

(302)

(302)

00

64

58

2,897(302)

2,717

1,564

901

9,768(310)

11,922

Accumulated other comprehensive income
Foreign currencytranslation
adjustment
Balance at beginning of period

Total accumulated
other comprehensive
income4545

Non-controllinginterests

Total net assets-9,250Changes during period
Dividends of surplus(320)

Profit attributable to owners ofparent

3,217

Restricted Stock remuneration

123

Purchase of treasury shares(302)

Disposal of treasury shares

0Net changes in items other thanshareholders' equity

77-

7

Total changes during period

77-

2,724

Balance at end of period

52

52

-

11,975

8

Fiscal year ended March 31, 2024 (From April 1, 2023 to March 31, 2024)(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

Capital surplus

1,564

901

Retainedearnings

Treasury shares

9,768

(310)

Totalshareholders'equity
11,922

Changes during period
Dividends of surplus
Profit attributable to owners ofparent
Purchase of treasury shares

(715)

(715)

3,334

3,334

60

Disposal of treasury shares

(705)

(705)

94

155

Net changes in items other thanshareholders' equity
Total changes during period
Balance at end of period

Balance at beginning of period

-

60

2,618

(610)

2,068

1,564

961

12,386(921)

13,991

Non-controllinginterests

Total net assets-

11,975

Accumulated other comprehensive
incomeTotalForeign
accumulated
currency
othertranslation
comprehensive
adjustment
income5252

Shareacquisitionrights-Changes during period(715)

Dividends of surplus
Profit attributable to owners ofparent
Purchase of treasury shares

3,334(705)155

Disposal of treasury shares
Net changes in items other thanshareholders' equity

26

26

49

0

Total changes during period

26

26

49

02,146

Balance at end of period

78

78

49

014,121977

ⅳ. Consolidated statements of cash flows(Millions of yen)
Fiscal year ended
March 31, 2023
Cash flows from operating activities
Profit before income taxes
Depreciation
Share-based payment expenses
Impairment lossesLoss on retirement of non-current assets
Interest and dividend income
Interest expenses
Other non-operating expenses (income)Loss (gain) on sale of investment securities
Loss on liquidation of business
Relocation expenses
Decrease (increase) in trading products - assets(liabilities)
Decrease (increase) in inventories
Decrease (increase) in trade receivables
Decrease (increase) in cash segregated as deposits forcustomers
Decrease (increase) in advance paid
Decrease (increase) in short-term guarantee deposits
Decrease (increase) in other current assets
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in retirement benefit liability
Increase (decrease) in provision for retirement benefits
for directors (and other officers)
Increase (decrease) in deposits received
Increase (decrease) in guarantee deposits received
Increase (decrease) in accrued expenses
Increase (decrease) in other current liabilities
Other, net

Fiscal year ended
March 31, 2024
3,630
250
213(1)
132(27)
61
52

4,360
328
62
67(2)
1418564(567)(4)41

5
7(11,293)(26,922)12(2,561)
(50)
(30)
181
1152
1,148
227
(140)
92
5

16

170
11,703
(160)
(310)
(0)

527,029
118
16
6

2,110
1(13)
(722)
(52)

5,999
2(15)
(799)
(18)

Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Payments of guarantee deposits
Proceeds from refund of guarantee deposits
Increase in long term depositsDecrease in long term deposits
Other, net

1,322

5,168

(276)
(354)
82(157)
(11)
(13)

(56)
(339)
(100)
(0)
44
(12)
185
(49)

Net cash provided by (used in) investing activities

(729)

(329)

SubtotalInterest and dividends received
Interest paid
Income taxes paid
Payments of relocation expenses

10

(Millions of yen)
Fiscal year ended
March 31, 2023
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Redemption of bonds
Proceeds from long-term borrowings
Repayments of long-term borrowings
Dividends paid
Purchase of treasury shares
Proceeds from share issuance to non-controllingshareholders
Other, net
Net cash provided by (used in) financing activities

Fiscal year ended
March 31, 2024
10100(77)
(320)
(302)

267
(100)
50(79)
(713)
(705)

－

1－(590)0(1,279)

Effect of exchange rate change on cash and cash equivalents

625

Net increase (decrease) in cash and cash equivalents

83,584

Cash and cash equivalents at beginning of period

5,227

5,235

Cash and cash equivalents at end of period

5,235

8,820

11