Note: This document has been translated from 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.

February 14, 2023

Consolidated Financial Results
for the Nine Months Ended December 31, 2022
(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:+81-3-4330-4700
Scheduled date to file quarterly securities report:
February 14,2023
Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results: None
Holding of quarterly financial results briefing:
None(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the nine months ended December 31,2022 (from April 1,2022 toDecember 31, 2022)(1) Consolidated operating results (cumulative)(Percentages indicate year-on-year changes.)

Net operating
revenue

Operatingrevenue
Millions ofyen%Millions ofyen

Operating profit
Millions ofyen%

Profit attributable toowners of parent

Ordinary profit%

Millions ofyen%Millions ofyen

Nine months ended
6,736 34.3
6,211 33.0
2,738 60.6
2,730 60.4
December 31,2022
December 31.2021
5,016
8.6
4,669
8.7
1,705 27.2
1,702 34.7
Note: Comprehensive income For the nine months ended December 31,2022: 2,225 Millions of yen [28.9%]
For the nine months ended December 31,2021: 1,726 Millions of yen [50.4%]

Basic earnings
per share

Diluted earnings
per share

Nine months ended

Yen

Yen

December 31,2022

76.43-December 31,2021

58.93-(2) Consolidated financial position

As ofTotal assets

Net assets

Equity-to-asset ratio

Net asset per share

Millions of yen

Millions of yen%

Yen

December 31,2022

81,191

10,97613.5

382.13

March 31,2022

74,099

9,250

12.5

317.40[Reference]Shareholder’s Equity: As of December 31,2022: 10,976 Millions of yen
As of March 31,2022:
9,250 Millions of yen

1%

2,219

29.2

1,717

49.7

2. Dividends
Annual dividends per shareFirst quarter-end

Second quarter-endThird quarter-end

Yen

Yen

Yen

Fiscal year
ended March 31,2022

-

0.00

-

Fiscal year ending
March31,2023

-

0.00

-

Fiscal year-end

Fiscal year
ending March31,2023(Forecast)

Total

Yen

Yen

11.00

11.00

--

Note: Revisions to the forecast of cash dividends most recently announced: None
The year-end dividend forecast for the fiscal year ending March 31, 2023 yet been determined at this point.

3. Financial Forecasts for the Fiscal Year Ending March 31,2023(From April 1 ,2022 to March 31,2023)
Operatingrevenue
Millions ofyen

Full year9,000(Percentages indicate year-on-year changes.)

Operating profit%

27.1

Millions ofyen

3,600

Ordinary profit%

51.8

Millions ofyen

3,600%

52.5

Profit attributableto owners of parent
Millions ofyen

2,900

Basic earnings
per share%

Yen

32.4

100.14

Note: Revisions to financial forecasts disclosed most recently: Yes
At the meeting of the Board of Directors held on August 10, 2022, the Company resolved to acquire its own shares in accordancewith the provisions of Article 156 of the Companies Act, as applied pursuant to the provisions of Article 165 (3). " Basic earnings pershare" in the consolidated earnings forecast for the fiscal year ending March 31, 2023 takes into account the impact of the acquisitionof treasury shares.

2* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change
in scope of consolidation): None
(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements:
None(3) 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
(4) Number of issued shares (common shares)(i)

Total number of issued shares at the end of the period (including treasury shares)
As of December 31,2022

29,538,647shares

As of March 31,2022

29,160,947shares(ii) Number of treasury shares at the end of the period
As of December 31,2022

813,844shares

As of March 31,2022

15,784shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscalyear)
Nine months ended December 31,2022

29,034,701shares

Nine months ended December 31,2021

29,148,484shares* Quarterly financial results reports are exempt from quarterly review 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

Quarterly consolidated financial statements
Consolidated balance sheets
Previous fiscal year
(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
Other
Allowance 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, net
Other
Intangible assets
Software
Other
Investments and other assets
Investment securities
Long-term advances paid
Long-term deposits
Deferred tax assets
Other
Allowance for doubtful accounts
Total non-current assets
Total assets

4(Millions of yen)
Current quarter(As of December 31, 2022)

5,227
2
61,352
61,341
11
1,141
4,558
4,331
221
5570
(30)
72,821

4,977
66,244
66,232
12
7,532
7,189
337
5739
(9)
79,485

46
61
(42)
19103
(76)
26
490
489
1741
120
185
161
350
107(183)
1,277
74,099

150
145
(44)
101
133
(84)
48
0
549
548
1
1,006
115
174
168
350
371
(174)
1,706
81,191

(Millions of yen)
Current quarter(As of December 31, 2022)

Previous fiscal year
(As of March 31, 2022)
Liabilities
Current liabilities
Trading products
Deposits received
Guarantee deposits received
Margin deposits received for foreignexchanges
Margin deposits received for crypto
assetsShort-term borrowings
Current portion of long-term borrowings
Current portion of bonds payable
Income taxes payable
Provision for loss on business liquidation
OtherTotal current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Retirement benefit liability
Provision for retirement benefits for
directors (and other officers)
OtherTotal 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

5242
19
61,3792,305
1464,99761,35664,881

23

116

849
54
207
901
63,656

860
72
100
123
61
552
69,087

700
458
34600
481
34-

110
1,192
64,8490
1,127
70,214

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

1,564
901
8,769
(310)
10,924

45

52

45

52

9,250
74,09910,976
81,191

Quarterly consolidated statements of income (cumulative)(Millions of yen)
Nine months ended
December 31, 2021
Operating revenue
Commission received
Net trading income
Financial revenue
Other sales
Other
Total operating revenue
Financial expenses
Other costs
Net operating revenue
Selling, general and administrative expenses
Trading related expenses
Personnel expenses
Real estate expenses
Office expenses
Depreciation
Taxes and dues
Other
Total selling, general and administrative
expenses
Operating profit
Non-operating income
Interest and dividend income
Gain on investments in silent partnerships
Subsidy income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of shares of subsidiaries andassociates
Gain on sale of investment securities
Gain on redemption of investment securities
Other
Total extraordinary income
Extraordinary losses
Provision of allowance for doubtful accounts
Provision for loss on business liquidation
Loss on valuation of investment securities
Head office relocation expenses
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitLoss attributable to non-controlling interests
Profit attributable to owners of parent

6

Nine months ended
December 31, 2022

37
4,685
0
285
7
5,016
38
308
4,669

70
6,388
0
270
5
6,736
40
484
6,211

1,302
995
361
48
156
53
46

1,755
987
405
55
176
62
29

2,964

3,473

1,705

2,738

11
3
1
17

1
7
2
11

9
9
0
19
1,702

10
4
4
19
2,730

0-

76
0
76

1414141227
1,752
152(117)
34
1,717
(0)
1,717

61
8
69
2,674
455
455
2,219
2,219

Consolidated statements of comprehensive income(cumulative)(Millions of yen)
Nine months ended
December 31, 2021
ProfitOther comprehensive income
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to ownersof parent
Comprehensive income attributable to noncontrolling interests

7

Nine months ended
December 31, 2022

1,717

2,219

9
9
1,726

6
6
2,225

1,727

2,225

(0)

0