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, 2024
(Japanese GAAP)
Name of Listed Company: INV Inc.
Exchange Listing: Tokyo Stock Exchange
Representative: Takeshi Kawaji, CEOJuly 31, 2023

URL: https://www.inv.inc/en/Stock Code: 7338
Contact: Yuichiro Omura, Executive Managing Director

Scheduled Start Date of Dividend Payment: None
Scheduled Filling Date of Quarterly Report: August 10, 2023
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, 2024
(From April 1,2023 to June 30,2023)(1) Consolidated Operating Results (Cumulative)
Operating
RevenueThree months ended

June 30, 2023
June 30, 2022

(percentage shows Y/Y change)(Unit: millions of yen)

Net OperatingRevenue%

1,590
1,423

11.839.7

Operating
Income%

1,434
1,259

Net Income
Attributable to Owner ofParentOrdinary
Income%13.9
25.0(Note)Comprehensive Income: Three months ended June 30, 2023: 24 million yen
Three months ended June 30, 2022: 279 million yen

131
49(91.2%)
31.9%

164.6
215.6

Net Profitper share%

13041

216.7(85.9)%

8111622.8(94.1)

Net Profit perShare (Diluted)

Three months endedyenyen

June 30, 2023
June 30, 2022

13.94
1.93

1.92(2) Consolidated Financial Position
Total Assets
As ofJune 30, 2023
March 31, 2023Shareholders’Equity Ratio

Net Assets

Millions of yen

Millions of yen%

118,119
122,278

11,647
11,7349.9
9.6(Reference)Shareholders' Equity: As of June 30, 2023: 11,638 million yen
As of March 31, 2023: 11,725 million yen

2. Dividends
Dividends
End of Q1

End of Q2

End of Q3

Year-endyen

yen

yen

yen

yen

Fiscal year ended March 31, 2023

-

19.00

-

19.00

38.00

Fiscal year ending March 31, 2024

19.00

-

19.00

38.00

Fiscal year ended

Fiscal year ending March 31, 2024 (forecast)

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

3. Consolidated Financial Results Forecast for the Fiscal year ending March 31, 2024
(From April 1, 2023 to March 31, 2024)
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 SheetAssets
Current assets
Cash and depositsSegregated deposits
Segregated deposits for customers
Division deposits for customers
Segregated deposits for others
Short-term guarantee deposits
Foreign exchange deposit receivable
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Investments in capital
Deferred tax assets
Other
Allowance for doubtful accounts
Total non-current assets
Total assets
Liabilities
Current liabilities
Guarantee deposits received
Short-term borrowings
Foreign exchange deposit payable
Income taxes payable
Provision for bonuses
Provision for bonuses for directors (and other officers)
Other
Total current liabilities
Non-current liabilities
Deferred tax liabilities
Other
Total non-current liabilities
Reserves under special laws
Reserve for financial instruments transaction liabilities
Total reserves under special laws
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury Stock
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities(Unit: millions of yen)
As ofMarch 31, 2023

As ofJune 30, 2023

9,352
32,7509,400
23,25792
53,11024,663538(0)120,415

6,792
32,5699,900
22,57692
54,871
21,531509(0)116,273

207
539
1,116
98
845
65
107
(0)
1,863
122,278

183
564
1,098
98
790
107
101
(0)
1,845
118,119

94,751
3,500
11,264
164
36
24
546
110,287

92,2333,000
10,07621215
5669
106,212

222
23
246

223
26
249

10
10
110,54310
10106,472

500
7,646
2,959
(0)
11,106

500
7,646
2,930
(0)
11,076568505

Consolidated Balance Sheet

Foreign currency translation adjustment
Total accumulated other comprehensive income
Share acquisition rights
Total net assets
Total liabilities and net assets(Unit: millions of yen)
As ofMarch 31, 2023

50619
8
11,734
122,278

As ofJune 30, 2023

56561
8
11,647
118,119

Consolidated Statements of Income

Operating revenue
Commission received
Net trading income
Financial revenue
Gain on investments in investment partnerships
Other operating revenue
Total operating revenue
Loss on investments in investment partnerships
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
Foreign exchange gain
Other
Total non-operating income
Non-operating expenses
Foreign exchange losses
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 taxesIncome taxes - current
Income taxes - deferred
Total income taxes
Net income
Net income attributable to owners of parent(Unit: millions of yen)First Quarter of FY
endingMarch 31, 2024

First Quarter of FY
ended
March 31, 2023
282
929
101
108
1,423
62
100
1,259

201
805
444
37
101
1,590
156
1,434

297
473
301
30
56
27
22
1,209
49

270
556
340
1661
34
21
1,303
131

00

202

7-1841

2
2
130

000
41
33(2)
30
11
110013162(13)
49
81
81

Segment income statement
First Quarter of Fiscal year ending March 31, 2024 (From April 1, 2023 to June 30, 2023)(Unit: millions of yen)Segments
Total

Consolidation
adjustment

Total

Domestic

Overseas

674

760

1,434-

1,434

151

151

303

-303

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

122

78

201

-

201

Other operating revenue

29

72

101

-

101

Net trading income and financial revenue

642

607

1,250

-

1,250

Other(119)1(118)-(118)

97

3

100

(100)

-

Total net operating revenue

771

764

1,535(100)1,434Segment operating income87

134

222

(91)

131

Intersegment net operating revenue and transfer