(Note) Please note that the following is an excerpt translation of the Japanese original prepared only for reference
purposes. In the case of any discrepancy between the translation and the Japanese original, the latter shall prevail.

Consolidated Financial Results
for the First Quarter of the Fiscal Year ending March 31, 2023
(Japanese GAAP)
July 29, 2022
Name of Listed Company: INV Inc.
Exchange Listing: Tokyo Stock Exchange
Representative: Takeshi Kawaji, CEOURL: https://www.inv.inc/en/Stock Code: 7338
Contact: Yuichiro Omura, Director

Scheduled Start Date of Dividend Payment: Scheduled Filling Date of Quarterly Report: August 12, 2022
Supplementary documents available pertaining to financial results: Yes
Financial results briefing: None
(All amounts rounded down to the nearest million yen)

1.Consolidated Financial Results for the First Quarter of the Fiscal Year ending March 31, 2023
(From April 1, 2022 to June 30, 2022)(1) Consolidated Operating Results (Cumulative)(percentage shows Y/Y change)(Unit: millions of yen)
OperatingRevenue
Three months ended

June 30, 2022
June 30, 2021

Net OperatingRevenue%1,423
1,019

39.7-OperatingIncome%%31.2-

1,322
1,007

112
15Net Profit
Attributable to Owner ofParentOrdinary
Income615.8-41292%%(85.9)-11 (94.1)
192(Note)Comprehensive Income: Three months ended June 30, 2022: 279 million yen ( 31.9%)
Three months ended June 30, 2021: 212 million yen (-%)
Net Profitper share

Net Profit per
Share (Diluted)

Three months endedyenyen

June 30, 2022
June 30, 2021

1.93
32.78

1.92
-(2) Consolidated Financial Position
Total Assets
As ofJune 30, 2022
March 31, 2022

Shareholders’Equity Ratio

Net Assets

Millions of yen

Millions of yen%

129,763
125,40911,805
11,666

9.1
9.3(Reference)Shareholders' Equity: As of June 30, 2022: 11,796 million yen
As of March 31, 2022: 11,658 million yen

2. Dividends
Dividends
End of 1Q

Fiscal Year ended March 31, 2022
Fiscal Year ending March 31, 2023
Fiscal Year ending March 31, 2023 (forecast)End of 2Q

End of 3Q

yen

yen

yen

Year-end
yen

Total
yen

-

18.00

-

24.00

42.00

19.00

-

19.00

38.00

(Note) Revision to forecasts of dividend at the end of this period : None

3. Consolidated Financial Results Forecast for the Fiscal year ending March 2023
(From April 1, 2022 to March 31, 2023)
The company does not disclose consolidated financial results forecasts due to the difficulty in predicting business results
as the financial instruments business and asset exchange business are strongly influenced by economic and market
conditions. Instead, the Company provides operating revenue and other sales indicators on a monthly basis.

Consolidated Balance Sheet(Unit: millions of yen)
As ofMarch 31, 2022

As ofJune 30, 2022

AssetsCurrent assets
Cash and deposits
Segregated deposits

12,04240,206

8,402
31,64817,55022,5929,800
21,755

Other segregated deposits
Short-term guarantee deposits

63
49,55492
58,578Foreign exchange deposit receivable
Short-term loan receivable

19,411
1,798

27,208
1,372

353
(5)

431
(4)

Segregated deposits for customers
Division deposits for customers

Other
Allowance for doubtful accounts

123,361

127,636

Non-current assets
Property, plant and equipment

Total current assets

279

270

Intangible assets
Investments and other assets

529
1,238

509
1,347

Investment securities
Investments in capital

107834

107
985

Deferred tax assets
Other

61235

67
187

Allowance for doubtful accounts

(0)

(0)

Total non-current assets

2,047

2,127

125,409129,763

Guarantee deposits received
Short-term borrowings

96,094
5,889

96,8075,500

Foreign exchange deposit payable
Income taxes payable

10,588267

14,486
197

37
47

15
7

Total assets
Liabilities
Current liabilities

Provision for bonuses
Provision for bonuses for directors (and other officers)
Other

527

601

113,451

117,616

Deferred tax liabilities
Other211
71271
63

Total non-current liabilities

283

334

Reserve for financial instruments transaction liabilities

77

Total reserves under special laws

77

113,742

117,958

Total current liabilities
Non-current liabilities

Reserves under special laws

Total liabilities

(Unit: millions of yen)
As ofJune 30, 2022

As ofMarch 31, 2022
Net assets
Shareholders' equity
Share capital
Capital surplus

500
7,646

500
7,646

Retained earnings
Treasury Stock

3,013
(0)

2,883
(0)

Total shareholders' equity

11,15911,030528

673

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment

(30)

92

Total accumulated other comprehensive income

498766

Share acquisition rights
Total net assets
Total liabilities and net assets

88

11,666

11,805

125,409129,763

Consolidated Statements of Income
First Quarter of FY
ended
March 31, 2022
Operating revenue
Commission received
Net trading income
Financial revenue
Other operating revenue
Total operating revenue
Financial expenses
Net operating revenue
Selling, general and administrative expenses
Trading related expenses
Personnel expenses
Real estate expenses
Office cost
Depreciation
Taxes and dues
Other
Total selling, general and administrative expenses
Operating income
Non-operating income
Gain on investments in investment partnerships
Other
Total non-operating income
Non-operating expenses
Foreign exchange losses
Loss on investments in investment partnerships
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Reversal of reserve for financial instruments transaction liabilities
Gain on reversal of share acquisition rights
Total extraordinary income
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Net income
Net income attributable to owners of parent(Unit: millions of yen)First Quarter of FYending
March 31, 2023

222672
16
107
1,019
11
1,007

282
929
101
108
1,423
100
1,322

240
396
238
14
36
41
25
991
15

297
473
301
30
56
27
22
1,209
112

277
0
277

0
0

0
00
292

7
62
1
71
41

0
00
293
101
(0)
100
192
192

00
41
33
(2)
30
1111

Segment income statement
First Quarter of Fiscal year ending March 31, 2023 (From April 1,2022 to June 30, 2022)(Unit: millions of yen)Segments

Consolidation
adjustment

Total

Total

Domestic

Overseas776

546

1,322-

1,322

230

161

391-

391

Commission received

163

119

282-

282

Other operating revenue

67

41108

-108

Net operating revenue
Net operating revenue from external
Revenue from contracts with customer

Net trading income and financial revenue

594

437

1,031-

1,031

Other

(48)

(52)

(100)

-

(100)

49

40

90

(90)

-

Total net operating revenue

Intersegment net operating revenue and transfer

825

586

1,412(90)1,322

Segment operating income

82

109

191

(79)112