Monex Group, Inc.

Consolidated Financial Summary under IFRSs for the 1Q of the fiscal year ending March 31, 2025 (April 1,
2024 - June 30, 2024)

This is an English translation for the Japanese report of the consolidated financial summary under IFRSs for the 1Qof the fiscal year ending March 31, 2025. If there is any discrepancy between the statement in English andJapanese, the Japanese statement shall take precedence.

Basis of preparation of financial statements
The financial information included in this report is based on our un-audited consolidated financial statements forthe 1Q of the fiscal year ending March 31, 2025. All of those financial statements have been prepared based on
IFRSs. All financial information presented in million yen has been rounded to the nearest million.

Use of estimates and judgments
Management of Monex Group, Inc. and its subsidiaries is required to make judgments, estimates and assumptions
that affect the application of accounting policies and the reported amount of assets, liabilities, income and expenses
in preparation of financial statements in accordance with IFRSs. Actual results could differ from these estimates.
Accounting estimates and its underlying assumptions are continually reviewed. The impact of revisions toaccounting estimates is prospectively recognized in the period when the revision is made and in subsequent periods.

Monex Group, Inc. / July 2024

- 1 -Consolidated Financial Summary
For the 1Q of the fiscal year ending March 31, 2025
On October 4, 2023, Monex Group, Inc.( the “Company”) entered into a capital and business alliance agreement (the “Capital Business
Alliance Agreement”) among the Company, our subsidiary, Monex, Inc. (“Monex”), and NTT DOCOMO, INC. (“NTT DOCOMO”).
Based on the Capital Business Alliance Agreement, On January 4, 2024, the Company transferred a portion of its shares in theintermediate holding company established through a sole share-transfer of Monex to NTT DOCOMO, and the Intermediate Holding
Company completed the issuance of additional shares of common stock by way of a third-party allotment to NTT DOCOMO.
Although the voting rights ratio of the Intermediate Holding Company is approximately fifty-one percent (51%) for the Company andapproximately forty-nine percent (49%) for NTT DOCOMO, the Intermediate Holding Company and Monex became consolidated
subsidiaries of NTT DOCOMO based on the effective control standard. As a result, the Intermediate Holding Company and Monex are
no longer the Company’s consolidated subsidiaries and instead became equity-method affiliates of the Company. Accordingly, for thecurrent fiscal year, the Company classified the results of operations of Monex as discontinued operations and restated the results ofoperations for the previous fiscal year in the same manner.

(Millions of Yen)
Three months
ending Jun.
30, 2023

Three months
ending Jun.
30, 2024

Operating results (from Apr. 1, 2024 to Jun. 30, 2024):
Operating income
Quarterly profit before income taxes

15,836
1,454

19,244
3,160

－%
－%

Quarterly profit

2,379

2,562

－%

2,414
3,520

2,472
5,303

－%
－%

9.42

9.60

－

－

－
－

%change

Quarterly profit attributable to :Owners of the Company.…………………………………
Quarterly comprehensive income.…………………………
Earnings per share attributable to owners of theCompany
Basic earnings per share(yen)……………………………
Diluted earnings per share(yen)……………………………

Note:The business of Monex has been classified as a discontinued operation from the previous fiscal year. Due to this, operating
revenue and profit before income taxes are the amounts from continuing operations from which the discontinued operation has
been excluded. The amounts presented for profit and profit attributable to owners of the company are aggregates of continuing
operations and discontinued operation. The businesses have been similarly reclassified in the fiscal year ended March 31, 2024.

(Millions of Yen)
As of March 31,2024

As of June 30,2024

Financial Position
Total assets
Total equity
Equity attributable to owners of the Company

761,642
133,123
131,712785,222
135,008
133,125

Ratio of equity attributable to owners of the parent (%)

17.3%

17.0%

Note:Earnings per share attributable to owners of the Company are computed by dividing profit attributable to owners by theweighted average number of common shares outstanding for the period.

- 2 -(1) Quarterly Consolidated Statements of Income(Millions of Yen)
Three months
ending Jun. 30, 2023

Three months
ending Jun. 30, 2024

15,836264

19,244
198

198
－

1,804
664

Total revenue

16,297

21,910

Expenses:Financial expenses………………………………………

2,795

2,282

Cost of sales………………………………………………
Selling, general and administrative expenses

19
11,725

1
14,796

Other financial expenses…………………………………

1

34

Other expenses……………………………………………

300

1,637

3

－

Total expenses

14,84418,751

Quarterly profit before income taxes………………………

1,454

3,160

Income tax expense………………………………………

99

597

Profit from continuing operations

1,354

2,562

Discontinued operations
Profit from discontinued operations………………………

1,024

－

Quarterly profit

2,379

2,562

Owners of the Company…………………………………
Non-controlling interests…………………………………

2,414
(35)

2,472
90

Earnings per share attributable to owners of the Company:(in yen)(in yen)Continuing operations………………………………

5.42

9.60

Discontinued operations………………………………
Diluted earnings per share
Continuing operations………………………………
Discontinued operations………………………………

4.00

－

－
－

－
－

Continuing operations
Revenue:
Operating income………………………………………
Other financial income…………………………………
Other income……………………………………………
Equity in income of equity method investments

Equity in losses of equity method investments

Quarterly profit or loss attributable to:

Basic earnings per share- 3 -(2) Quarterly Consolidated Statements of Comprehensive Income(Millions of Yen)
Three months
ending Jun. 30, 2023

Three months
ending Jun. 30, 2024

2,379

2,562

(165)

10

(322)

291

(971)

(282)

2,590

2,751

9

(29)

Other comprehensive income,net of tax

1,141

2,741

Quarterly comprehensive income

3,520

5,303

Quarterly comprehensive income attributable to:
Owners of the Company
Non-controlling interests

3,555
(35)

5,202
101

Quarterly profit
Other comprehensive income:Items that will not be reclassified to profit or loss:
Changes in fair value of equity instruments measured atfair value through other comprehensive income…………
Items that may be reclassified subsequently to profit or loss:
Changes in fair value of debt instruments measured atfair value through other comprehensive income…………
Cash flow hedges – effective portion of changes in fairvalue……………………………………………………
Foreign currency translation adjustments in foreign
operations………………………………………………
Share of other comprehensive income of equity method

investments………………………………………………

- 4 -(3) Quarterly Consolidated Statements of Financial Position(Millions of Yen)
As ofMar. 31, 2024

As ofJun. 30, 2024

Assets:Cash and cash equivalents………………………………
Money held in trust………………………………………
Derivative assets…………………………………………
Inventories………………………………………………
Investments in securities…………………………………
Loans secured by securities………………………………
Other financial assets……………………………………
Property and equipment…………………………………
Intangible assets…………………………………………
Equity method investments………………………………
Deferred tax assets………………………………………
Other assets………………………………………………
Total assets

97,935
404,602443
44,207
14,06647,87065,534
6,579
30,24047,312393
2,461
761,642

66,258416,495
483
40,791
18,83264,23783,484
6,793
37,13147,971
389
2,357
785,222

Liabilities and Equity:
Liabilities:
Derivative liabilities……………………………………
Loans payable secured by securities……………………
Deposits received…………………………………………
Guarantee deposits received……………………………
Bonds and loans payable…………………………………
Other financial liabilities…………………………………
Provisions………………………………………………
Income taxes payable……………………………………
Deferred tax liabilities……………………………………
Other liabilities…………………………………………
Total liabilities

1,264
44,217
328,974
121,476
55,944
12,936
545
7,815
7,448
47,901
628,519

1,793
61,085336,190
137,628
48,472
12,967
795
2,035
6,528
42,721
650,215

Equity:Common stock……………………………………………
Additional paid-in capital………………………………
Treasury stock……………………………………………
Retained earnings………………………………………
Other components of equity……………………………
Equity attributable to owners of the Company…………
Non-controlling interests…………………………………
Total equity
Total liabilities and equity

13,144
41,193(173)
62,131
15,417
131,7121,411
133,123
761,642

13,144
41,193(173)
60,74018,221
133,125
1,883
135,008785,222- 5 -(4) Quarterly Consolidated Statement of Changes in Equity
Equity attributable to owners of the Company
Other components of equity

Balance as of April 1,
2023
ProfitOther comprehensive
incomeTotal comprehensive
incomeTransactions
with owners:
Dividends paid
Recognition ofshare―based
payments
Changes of interestsin subsidiaries
without losing
control
Total of transactions
with owners
Balance as of June 30,
2023

Changes infair value ofequityinstruments
measured atfair value
through othercomprehensive
IncomeChanges infair value of
debt
instruments
measured atfair value
through othercomprehensive
incomeCommonstock

Additional
paid―in
capital¥13,144¥41,027¥(714)¥34,509¥640¥(1,493)－¥13,113¥(614)

－

－

－

2,414

－

－

－

－

－

－

－

－

－

(165)

(322)

(971)

2,590

－

－

－

－

2,414

(165)

(322)

(971)

2,590

－

－

－

－

(2,025)

－

－

－

－

－

－

－

－

(2)

－

－

－

－

65

－

(5)

－

－

－

－

－

－

－

－

(5)

－

(2,027)

－

－

－

－

65

¥13,144¥41,022¥(714)¥34,896¥475¥(1,815)¥(971)¥15,703¥(549)

Treasurystock

Retainedearnings

Equity attributable to owners of theCompany
Other components of equity
Share of othercomprehensive
income ofequity method
investments

Sub―total¥28¥11,675¥99,641¥1,113¥100,754

－

－

2,414

(35)

2,379

9

1,141

1,141

－

1,141

9

1,141

3,555

(35)

3,520

－

－

(2,025)－(2,025)

－

65

63

－

63

－

－

(5)

5

－

Total of transactions
with owners－

65(1,968)

5(1,963)

Balance as of June 30,
2023

¥37

¥12,881¥101,228¥1,083¥102,312

Balance as of April 1,
2023
ProfitOther comprehensive
incomeTotal comprehensive
incomeTransactions
with owners:
Dividends paid
Recognition ofshare―based
payments
Changes of interestsin subsidiaries
without losing
control

Foreigncurrencytranslation
adjustments
in foreign
operations

Non―
controllinginterests

Total

- 6 -

Total
equityHedging
reserve

Share―based
payments

Equity attributable to owners of the Company
Other components of equity

Balance as of April 1,
2024
ProfitOther comprehensive
incomeTotal comprehensive
incomeTransactions
with owners:
Dividends paid
Recognition ofshare―based
payments
Obtaining of controlof subsidiaries
Total of transactions
with owners
Balance as of June 30,
2024

Changes infair value ofequityinstruments
measured atfair value
through othercomprehensive
IncomeChanges infair value of
debt
instruments
measured atfair value
through othercomprehensive
incomeCommonstock

Additional
paid―in
capital¥13,144¥41,193¥(173)¥62,131¥139¥(412)¥(814)¥17,436¥(904)

－

－

－

2,472

－

－

－

－

－

－

－

－

－

10

291

(282)

2,740

－

－

－

－

2,472

10

291

(282)

2,740

－

－

－

－

(3,863)

－

－

－

－

－

－

－

－

－

－

－

－

－

74

－

－

－

－

－

－

－

－

－

－

－

－

(3,863)

－

－

－

－

74

¥13,144¥41,193¥(173)¥60,740¥149¥(121)¥(1,097)¥20,176¥(830)

Treasurystock

Retainedearnings

Equity attributable to owners of theCompany
Other components of equity

Balance as of April 1,
2024
ProfitOther comprehensive
incomeTotal comprehensive
incomeTransactions
with owners:
Dividends paid
Recognition ofshare―based
payments
Obtaining of controlof subsidiaries
Total of transactions
with owners
Balance as of June 30,
2024

Foreigncurrencytranslation
adjustments
in foreign
operations

Share of othercomprehensive
income ofequity method
investments

Sub―total¥(28)¥15,417¥131,712¥1,411¥133,123

－

－

2,472

90

2,562

(29)

2,730

2,730

11

2,741

(29)

2,730

5,202

101

5,303

－

－

(3,863)－(3,863)

－

74

74

－

74

－

－

－

370

370

－

74

(3,790)370(3,419)¥(57)¥18,221¥133,125¥1,883¥135,008

Non―controllinginterests

Total

- 7 -

Total
equityHedging
reserve

Share―based
payments

(5) Quarterly Consolidated Statements of Cash Flows(Millions of Yen)
Three months
ending Jun. 30,
2023
Cash flows from operating activities:
Quarterly profit before income taxes……………………………
Quarterly profit from discontinued operations …………………
Depreciation and amortization…………………………………
Gain on the remeasurement to fair value of shares of associates
Financial income and financial expenses………………………
Decrease/increase in derivative assets and liabilities……………
Decrease/increase in assets/liabilities for margin transaction……
Decrease/increase in loans/loans payable secured by securities…
Decrease/increase in money held in trust………………………
Decrease/increase in deposits received and guarantee deposits
received…………………………………………………………
Decrease/increase in short-term loans receivable………………
Decrease/increase in short-term guarantee deposits……………
Other, net…………………………………………………………
Sub totalInterest and dividends income received…………………………
Interest expenses paid……………………………………………
Income taxes refund/paid………………………………………
Net cash provided by (used in) operating activities
Cash flows from investing activities:
Payments into time deposits……………………………………
Proceeds from withdrawal of time deposits……………………
Purchase of investments in securities……………………………
Proceeds from sales and redemption of securities………………
Purchase of property and equipment……………………………
Purchase of intangible assets……………………………………
Payments for acquisition of subsidiaries…………………………
Proceeds from sale of subsidiaries………………………………
Payments for acquisition of associates…………………………
Payments for acquisition of joint ventures………………………
Other, net…………………………………………………………
Net cash provided by (used in) investing activities
Cash flows from financing activities:
Net increase/decrease in short-term loans payable………………
Proceeds from issuance of bonds payable………………………
Repayment of long-term loans payable…………………………
Repayments of lease obligations…………………………………
Cash dividends paid………………………………………………
Other, net…………………………………………………………
Net cash provided by (used in) financing activities
Net increase/decrease in cash and cash equivalents
Cash and cash equivalents at the beginning of period- 8 -Three months
ending Jun. 30,
2024

1,454
1,399
2,231
－
(8,385)(728)
10,216(12,837)(30,427)

3,160
－
1,322
(1,679)(5,031)
112
－
713
9,735

64,274(625)(2,222)(3,255)(8,595)
13,124
9,726(1,791)(728)
20,332(7,002)(5,723)(1,538)(6,558)7,137(2,265)(7,478)(9,164)(6,995)
6,960
(71)
34
(89)
(1,633)
－
－
(200)
(10)
413
(1,590)－－(6,193)
1,427
(551)
(862)
(7,114)
1,744
－
－
36
(11,514)(43,480)
－
(3)
(291)
(2,001)(60)(45,834)(27,093)
175,159(5,489)(3,600)(3)(570)(3,830)(13)(13,505)(34,183)
97,935

Three months
ending Jun. 30,2023
Effect of exchange rate change on cash and cash equivalents
Cash and cash equivalents at the end of period

- 9 -

3,699
151,766

Three months
ending Jun. 30,
2024
2,506
66,258

(6) Going Concern Assumption
Not applicable.

(7) Changes in accounting policies
The material accounting policies applied in the condensed quarterly consolidated financial statements are the same as those
applied in the consolidated financial statements for the prior fiscal year, except for the following.

Standards
IAS 1
IAS 7
IFRS 7IFRS 16

Presentation of Financial
Statements
Statement of Cash Flows
Financial instruments:
Disclosures
Leases

New/revised requirements
Clarified requirements for classification of liabilities as current or non-current
Revised to require disclosure of information on long-term debt with covenants
Amendments to require disclosures to promote transparency in supplier financeagreements
Clarify accounting after the date of the transaction for a sale and leaseback

There is no significant impact in the consolidated cumulative first quarter.

- 10 -

(8) Summary Quarterly Consolidated Financial Statements Note
1. Segment Information
The main businesses of the Group are the financial instruments business, cryptocurrency exchange service provider andinvestment business of securities. The disclosed segments are the 5 segments of “Japan,” “U.S.,” “Crypto Asset,” “Asia-Pacific,”and “Investment.”
Monex, Inc. was previously included in the Japan segment, but was reclassified to discontinued operations in the previous fiscal
year and is therefore no longer included in the Japan segment.As an equity-method affiliate of Monex Group, Inc. in the firstquarter of the current fiscal year, it is presented in the Japan segment through equity in earnings of affiliates related to Docomo
Monex Holdings, Inc.
Segment

Main business

Main company
Monex, Inc.

Japan

Financial instruments business in Japan etc.

Monex Asset Management, Inc.
3iQ Digital Holdings Inc.
Docomo Monex Holdings, Inc

U.S.

Financial instruments business in U.S.

TradeStation Securities, Inc.

Crypto Asset

Crypto currency exchange service

Coincheck, Inc.

Asia-PacificFinancial instruments business in HongKong and Australia

Monex Boom Securities(H.K.) Limited

Investment

Monex Ventures, Inc.
MVⅠInvestment Limited Partnership
MVⅡInvestment Limited Partnership

Investment business of securities

TOKYO Wellness Impact Investment
Limited Partnership
Notes: Each entity is an independent management unit that establishes comprehensive strategies and conducts business activities

The Group’s operating results by reportable segment
For the Three months ended June 30, 2023
Reportable segment
Japan
Operating revenue from external

U.S.

Crypto Asset Asia-PacificInvestment

Total

Adjustment

Consolidated¥2,868¥11,030¥1,198¥258¥482¥15,836¥－¥15,836

－

266

－

－

－

266

(266)

－

Total

2,868

11,296

1,198

258

482

16,101(266)

15,836

Financial expenses
Cost of sales(1,223)(1,270)
(229)

(1)
(19)

(31)

(271)

(2,795)
(19)

(152)

－
－

－
229

(796)

－
(31)

(2,795)(248)(1,155)－(1,155)(1,367)(7,510)(1,440)

(232)

(26)

(10,574)3(10,571)

272

(117)

18

(9)

9

172

(12)

160

－

－

－

0

(4)

(3)

－

(3)

¥375

¥1,374¥(396 )

¥(45)

¥191

¥1,499¥(45)¥1,454

customers
Internal operating revenue ortransferred amount between segments

Depreciation and amortization
Other selling, general andadministrative expenses
Other income and expenses (netamount)－(175)

Equity in profits or losses of equity
method investments
Segment profit or loss
(profit before income taxes)

The following financial income and sales revenue are included in the operating revenue.
Millions of Yen
Reportable segment
Adjustment

Consolidated¥1,192¥5,587

¥－

¥72

¥482

¥7,333¥－¥7,333

－

263

72

－

－

335

(263)

72

Japan
Financial income
Sales revenue

U.S.

Crypto Asset Asia-Pacific- 11 -

Investment

Total

Notes: (*1) Adjustment refers to elimination between segments.
(*2) Transactions between segments are made by arm’s length price.
(*3) Segment profit or loss is profit or loss before income taxes.
For the Three months ended June 30, 2024
Reportable segment
CryptoAsset¥2,812¥13,174¥3,118¥341¥(200)¥19,244¥－¥－¥19,244

398

4

－

0

－

402

399

(801)

－

Total

3,210

13,178

3,118

341

(200)

19,646399(801)

19,244

Financial expenses
Cost of sales
Depreciation and amortization

(909)

(4)

(50)

－
(183)

－
(44)

－
－
－

(2,523)(1)(1,322)

－
－
－

241

－
(186)

(1,560)
(1)
(909)

－
－

(2,282)(1)(1,322)(2,636)(8,415)(2,289)

(263)

(34)

(13,637)－

162(13,474)

242

85

3

(9)

10

332

－

(2)

330

678

－

－

(6)

(8)

664

－

－

664

¥398

¥2,379

¥644

¥(31)

¥(231)¥3,160399¥(399)¥3,160

customers
Internal operating revenue ortransferred amount between segments

Other selling, general andadministrative expenses
Other income and expenses (netamount)Equity in profits or losses of equity
method investments
Segment profit or loss
(profit before income taxes)

Total

Adjustment Consolidated

U.S.

Operating revenue from external

Asia-Pacific Investment

Other

Japan

The following financial income and sales revenue are included in the operating revenue.
Millions of Yen
Reportable segment
Japan
Financial income
Sales revenue

U.S.

¥922

¥6,506－1

CryptoAsia-Pacific Investment
Asset
¥6
¥139
¥(200)
－

－

－

Other

Total

Adjustment Consolidated¥7,373¥399¥(622)¥7,1501－－

1

Notes: (*1) Other represents dividends paid by the reportable segments to the Company.
(*2) Adjustment refers to elimination between segments.
(*3) Transactions between segments are made by arm’s length price.
(*4) Segment profit or loss is profit or loss before income taxes.

2. Earnings per Share
The basis for calculating basic earnings per share and diluted earnings per share for the current fiscal year is as follows

Three months
ending Jun. 30, 2023

Three months
ending Jun. 30, 2024

¥2,414¥2,472

1,390

2,472

1,024

－

256,364

257,564

Basic earnings per share (Yen)Continuing operations (Yen)

9.42
5.42

9.60
9.60

Discontinued operations (Yen)

4.00

－

Earnings per share attributable to owners of the Company(Millions of Yen)
Continuing operations(Millions of Yen)
Discontinued operations(Millions of Yen)
Weighted average number of shares(Thousands of Share)

Note: Diluted earnings per share is not stated as there are no potential ordinary shares.

- 12 -

3. Discontinued operations(1) Outline of Discontinued Operations
On January 4, 2024, the Company transferred a portion of its shares in the Intermediate Holding Company, which wasestablished through a sole transfer of the Company's subsidiary Monex, Inc. to NTT DOCOMO, Inc. As a result, the businessesof the intermediate holding company and Monex, Inc. were classified as discontinued operations and restated the results ofoperations for the previous fiscal year in the same manner.
(2) Results of Discontinued Operations(Millions of Yen)
Three months
ending Jun. 30, 2023

Three months
ending Jun. 30, 2024

Discontinued operations
Revenue:

8,921－

Expenses(7,522)－

Profit before income taxes from discontinued operations

1,399

－

Income tax expense

(374)

－

Profit from discontinued operations

1,024

－

Note: Although we offset all intragroup transactions in consolidation, we have selected not to offset transactions withdiscontinued operations made by the continuing operations prior to the stock transfer in continuing operations because webelieve this will provide useful information to users of the financial statements and because we expect the transactions with thediscontinued operations to continue after the stock transfer.
(3) Cash flows of discontinued operations(Millions of Yen)
Three months
ending Jun. 30, 2023

Three months
ending Jun. 30, 2024

Cash flows of discontinued operations
Cash flows from operating activities

23,219－Cash flows from investing activities

(888)

－

Cash flows from financing activities(45,228)－

Total(22,897)－- 13 -

(9) Events after the Reporting Period(Disposition of Treasury Stock as Restricted Stock Remuneration)
TOKYO, July 8, 2024 - the Company resolved at its board of directors meeting to dispose of its treasury shares as stock
remuneration (the “Disposition of Treasury Stock”) for the members of the board, executive officers, expert directors andexecutive directors of the Company and the members of the board (excluding outside directors), expert directors and executive
directors of the Company’s subsidiaries (collectively referred to as the “Eligible Officers”).

Outline of disposition(1) Date of disposition

July 26, 2024

(2) Class and number of shares to be disposed of

321,200 shares of the common stock of the Company(3) Disposal value

JPY 713 per share(4) Total disposal value

JPY 229,015,600
Members of the board of the Company
9 persons, 64,400 shares
Executive officers of the Company (*)
4 persons, 16,100 shares
Expert directors and executive directors of the Company, and members of(5) Recipients of disposed sharesthe board (excluding outside directors), expert directors and executive
directors of the Company’s subsidiaries
17 persons, 240,700 shares(*) Executive officers concurrently serving as members of the board areincluded as members of the board.

(Decision to Repurchase Shares)
July 26, 2024, the Company resolved at its board of directors meeting to repurchase its shares pursuant to Article 156 of theCompanies Act of Japan (the“Act”), as applied pursuant to Paragraph 3, Article 165 of the Act.

1.Reasons for Share RepurchaseAs part of the efforts to implement management that is conscious of cost of capital and stock price, the Company has decided torepurchase up to 5 billion yen of its own shares in order to return some of the unutilized cash to shareholders.

2.Details of share repurchase(1) Class of shares to be repurchased

Common stock of the Company(2) Total number of shares to be repurchased

Up to 14,000,000 shares(5.43% of the total number of shares issued and outstanding (excluding
treasury stock))(3) Total cost for repurchase

Up to 5,000,000,000 yen(4) Repurchase Period

From July 29, 2024 to June 30, 2025

(5) Repurchase Method

Purchases from the market on the Tokyo Stock Exchange based on adiscretionary trading agreement- 14 -