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.

May 15, 2023

Consolidated Financial Results
for the Fiscal Year Ended March 31, 2023
(Under Japanese GAAP)
Company name: Traders Holdings Co., Ltd.
Listing:
Tokyo Stock Exchange (Standard Market)
Securities code:
8704
URL:
https://www.tradershd.com/
Representative:
Takayuki Kanamaru, Chairman and President
Inquiries:
Masayuki Niizuma, Executive Managing Director
Telephone:+81-3-6736-9850
Scheduled date of annual general meeting of shareholders:June 27, 2023
Scheduled date to commence dividend payments:
June 28, 2023
Scheduled date to file annual securities report:
June 27, 2023
Preparation of supplementary material on financial results:
None
Holding of financial results briefing:
None(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the fiscal year ended March 31, 2023 (from April 1, 2022 to March 31,2023)(1) Consolidated operating results(Percentages indicate year-on-year changes.)
Net Operating
revenue

Operating revenue

Operating profit

Profit attributable toowners of parent

Ordinary profit

Fiscal year ended

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

March 31, 2023
March 31, 2022

9,194
7,082

29.8
3.3

8,452
6,573

28.6
2.2

3,742
2,372

57.8
0.7

3,730
2,360

58.1
3.8

3,217
2,189

47.0
22.1

Note: Comprehensive income

For the fiscal year ended March 31,2023: 3,225 Millions of yen [45.1%]
For the fiscal year ended March 31,2022: 2,222 Millions of yen [22.8%]

Basic earnings
per share

Diluted earnings
per share

Return on equity

Ratio of ordinary
profit to total assets

Ratio of operating
profit to net sales

Fiscal year ended

Yen

March 31, 2023

111.12-

30.3

4.6

40.7

March 31, 2022

75.12-

26.4

3.3

33.5

Reference:

Yen%%%

Share of profit (loss) of entities accounted for using equity method
For the fiscal year ended March 31,2023: (2) Millions of yen
For the fiscal year ended March 31,2022: (1) 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

March 31, 2023

88,317

11,97513.6

416.91March 31, 2022

74,099

9,250

12.5

317.40

Reference:

EquityAs of March 31,2023:
As of March 31,2022:

11,975 Millions of yen
9,250 Millions of yen

1%

Yen

(3) Consolidated cash flows
Cash flows fromoperating activities

Cash flows frominvesting activities

Cash and cash
equivalents at the endof period

Cash flows fromfinancing activities

Fiscal year ended

Millions of yen

Millions of yen

Millions of yen

Millions of yen

March 31, 20231,322(729)

(590)

5,235

March 31, 2022

849

(146)

73

5,227

2. Cash dividends
Annual dividends per shareFirstSecond
Third
quarter-end quarter-end quarter-end
Yen
Fiscal year ended

March 31, 2022
Fiscal year ended

March 31, 2023

Yen

Fiscalyear-end

Yen

Total cash
dividends(Total)

Total

Yen

Ratio ofPayout ratio dividends to(Consolidated) net assets(Consolidated)

Yen Millions of yen%%

-

0.00

-

11.00

11.00

320

14.6

3.9-

0.00

–

17.00

17.00

488

15.3

4.6

-

8.00

–

–

–

Fiscal year endingMarch 31, 2024–(Forecast)

Note :The year-end dividend forecast for the fiscal year ending March 31, 2024 yet been determined at this point.

3. Consolidated financial results forecast for the fiscal year ending March 31,2024(from April 1,2023 toMarch 31,2024)(Percentages indicate year-on-year changes.)
Operating revenue
Full year

Millions of yen
10,100Operating profit% Millions of yen%

Millions of yen

9.8

6.9

4,000

4,000

Profit attributable toowners of parent

Ordinary profit

2% Millions of yen
7.2

3,000

Basic earnings
per share%Yen(6.8)

104.44

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change
in 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: Yes(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 31,2023

29,538,647 shares

As of March 31,2022

29,160,947 shares(ii) Number of treasury shares at the end of the period
As of March 31,2023

815,364 shares

As of March 31,2022

15,784 shares(iii) Average number of shares outstanding during the period
Fiscal year ended March 31,2023

28,958,227 sharesFiscal year ended March 31,2022

29,147,756 shares* Financial results reports are exempt from audit conducted by certified public accountants or an audit
corporation.
* 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 fromthe forecasts due to various factors.
* This document is an English translation of a Japanese announcement made on the date above. Although the we
intended to faithfully translate the Japanese document into English, the accuracy and this English translation is
not 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, 2022
AssetsCurrent assets
Cash and deposits
Work 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
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings
Accumulated depreciation
Buildings, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, netIntangible assets
Software
OtherInvestments and other assets
Investment securities
Long-term advance paid
Long-term deposits
Deferred tax assets
Other
Allowance for doubtful accounts
Total non-current assets
Total assets

4

As of March 31, 2023

5,227
2
61,352
61,341
11
1,141
4,558
4,331
221
5
570
(30)
72,8215,235
6
72,646
72,634
12
543
7,119
6,762
352
5
779
(10)
86,3204661(42)19103(76)
26490
489
1741
120
185
161
350
107
(183)
1,277
74,099285213
(6)
207
132
(54)
78
638
609
29
1,072－173
172
543
356
(173)
1,997
88,317

(Millions of yen)
As of March 31, 2022
Liabilities
Current liabilities
Trading products
Deposits received
Guarantee deposits received
Margin deposits received for foreignexchanges
Margin deposits received for cryptoassets
Short-term borrowings
Current portion of long-term borrowings
Current portion of bonds payable
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Provision for retirement benefits for
directors (and other officers)
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Foreign currency translation adjustment
Total accumulated other comprehensive
incomeTotal net assets
Total liabilities and net assets

As of March 31, 2023

242
1961,379208
20
73,08361,356

72,949

23

134

849
54

901
63,656

860
72
100
288
181
411
75,226

700
458

600
463－16340
1,192
64,84936
0
1,115
76,342

1,500
842
6,870
(7)
9,205

1,564
901
9,768
(310)
11,922

45

52

45

52

9,250
74,09911,97588,317－207－

5

ⅱ. Consolidated statements of income and comprehensive income
Consolidated statements of income
Fiscal year ended
March 31, 2022
Operating revenue
Commission received
59
Net trading income
6,584
Financial revenue
1
Other sales
427
Other
9
Total operating revenue
7,082
Financial expenses
51
Other costs
457
Net operating revenue
6,573
Selling, general and administrative expenses
Trading related expenses
1,832
Personnel expenses
1,462
Real estate expenses
470
Office expenses
64
Depreciation
217
Taxes and dues
75
Other
78
Total selling, general and administrative expenses
4,201
Operating profit
2,372
Non-operating income
Interest and dividend income
11
Subsidy income
0Gain on investments in silent partnerships
3
Other
2
Total non-operating income
17
Non-operating expenses
Interest expenses
13
Foreign exchange losses
16
Other
0
Total non-operating expenses
29
Ordinary profit
2,360
Extraordinary income
Gain on sale of investment securities－Gain on redemption of investment securities
76
Gain on sale of shares of subsidiaries and associates
0
Other0Total extraordinary income
76
Extraordinary losses
Loss on retirement of non-current assets－Bad debts expenses
14
Loss on valuation of investment securities
12
Loss on liquidation of business
32
Head office relocation expenses－
Total extraordinary losses
59
Profit before income taxes
2,377
Income taxes - current
284
Income taxes - deferred(96)
Total income taxes
188
Profit2,189
Loss attributable to non-controlling interests(0)
Profit attributable to owners of parent
2,189

6(Millions of yen)
Fiscal year ended
March 31, 2023
868,757
1343
69,194
53
688
8,452
2,209
1,427
588
74
250
131
28
4,710
3,742
17－

3
11
13
5
4
23
3,730
27－
－
－

27
13－
－

61
52
127
3,630
605
(193)
412
3,217
－

3,217

Consolidated statements of comprehensive income

ProfitOther comprehensive income
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to ownersof parentComprehensive income attributable to noncontrolling interests

7

Fiscal year ended
March 31, 2022
2,189(Millions of yen)
Fiscal year ended
March 31, 2023
3,217

33
33
2,222

7
7
3,225

2,223

3,224(0)0ⅲ. Consolidated statements of changes in equity

For the fiscal year ended March 31,2022(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning ofperiod

Capital surplus

Retained earnings

Treasury shares

Total shareholders'equity

842

4,972

(6)

7,309

1,500

Changes during period
Dividends of surplus

(291)

(291)

Profit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesNet changes in items
other than shareholders'equity

2,189

2,189

Total changes during period
Balance at end of period

(1)

(1)

00--

1,898

(1)

1,896

1,500

842

6,870

(7)

9,205

Accumulated other comprehensive income

Balance at beginning ofperiod

Foreign currencytranslation adjustment

Total accumulated othercomprehensive income

1111

Non-controllinginterests

Total net assets

07,321

Changes during period
Dividends of surplus(291)

Profit attributable toowners of parentPurchase of treasury
shares
Disposal of treasury
sharesNet changes in items
other than shareholders'equity2,189(1)
033

33(0)

33

Total changes during period3333(0)

1,929

Balance at end of period

4545-

9,250

8

For the fiscal year ended March 31,2023(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning ofperiod

Capital surplus

Retained earnings

Treasury shares

Total shareholders'equity842

6,870(7)

9,205

1,500

Changes during period
Dividends of surplus

(320)

(320)

Profit attributable toowners of parentRestricted Stockremuneration
Purchase of treasury
shares
Disposal of treasury
sharesNet changes in items
other than shareholders'equity

3,217

3,217

Total changes during period
Balance at end of period

6458123(302)

(302)

0064

58

2,897(302)

2,717

1,564

901

9,768(310)

11,922

Accumulated other comprehensive income
Foreign currencytranslation adjustment
Balance at beginning ofperiod

Total accumulated other Non-controlling interests
comprehensive income

4545-

Total net assets

9,250

Changes during period
Dividends of surplus(320)

Profit attributable toowners of parent
Restricted Stockremuneration
Purchase of treasury
shares
Disposal of treasury
sharesNet changes in items
other than shareholders'equity3,217
123(302)077-

7

Total changes during period

77-

2,724

Balance at end of period

5252

-

11,9759

ⅳ. Consolidated statements of cash flows(Millions of yen)
Fiscal year ended
March 31, 2023

Fiscal year ended
March 31, 2022
Cash flows from operating activities
Profit before income taxes
Depreciation
Loss on retirement of non-current assets
Interest and dividend income
Interest expensesOther non-operating expenses (income)Loss (gain) on valuation of investment
securities
Loss (gain) on sale of investment securities
Loss (gain) on redemption of investment
securities
Loss (gain) on sale of shares of subsidiaries
and associates
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 asdeposits for customers
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 loss on
business liquidation
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 liabilitiesOther, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Payment of Loss on liquidation of business
Payments of relocation expenses
Net cash provided by (used in) operating
activities

2,377
217
(11)
13(3)

3,630
250
13
(1)
13
2

12－

－

(27)

(76)

－

(0)

－

32－

61
52

(477)

564

(2)
8(4)
41(2,984)(11,293)40

12(1,368)(2,561)

(18)

(50)

(11)

(30)

(12)

－－

181

2

1－

16

1

0

2,764

11,70392335
0934
11(13)
(54)
(29)

(160)
(310)
1
2,110
1(13)(722)

－(52)

849

1,322

－

10－

(Millions of yen)
Fiscal year ended
March 31, 2023

Fiscal year ended
March 31, 2022
Cash flows from investing activities
Proceeds from redemption of investment
securities
Purchase of property, plant and equipment
Purchase of intangible assets
Proceeds from sale of investment securities
Proceeds from sale of shares of subsidiaries
and associates
Payments of guarantee deposits
Proceeds from collection of loans receivable
Decrease in long term deposits
Increase in long term deposits
Other, net
Net cash provided by (used in) investing
activities
Cash flows from financing activities
Net increase (decrease) in short-termborrowings
Proceeds from issuance of bonds
Redemption of bonds
Proceeds from long-term borrowings
Repayments of long-term borrowings
Dividends paid
Proceeds from disposal of treasury shares
Purchase of treasury shares
Net cash provided by (used in) financing
activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

1176－(21)(250)－(276)
(354)
82

0－

－

(157)

45
150
(135)
(11)

－(11)
(13)

(146)

(729)

49

10

600(400)
200(83)
(291)
0(1)

－

100
(77)
(320)
0(302)

73(590)

30

6

806

8

4,420
5,227

5,227
5,235

－－