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 Third Quarter of the Fiscal Year ending March 31, 2024
(Japanese GAAP)

January 31, 2024

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, Executive Managing Director

Scheduled Start Date of Dividend Payment: None
Scheduled Filling Date of Quarterly Report: February 13, 2024
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 Third Quarter of the Fiscal Year ending March 31, 2024
(From April 1, 2023 to December 31, 2023)(1) Consolidated Operating Results (Cumulative)
Operating
Revenue
Nine months ended

December 31, 2024
December 31, 2023

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

Net Operating
Revenue%4,976
4,462

11.5
19.0

Operating
Income%

4,417
4,110

Net Income
Attributable to Owner ofParent

Ordinary
Income%

7.5
12.1

309
249

(Note)Comprehensive Income: Nine months ended December 31, 2024: 265 million yen
Nine months ended December 31, 2023: 400 million yen

24.1(62.5)(33.7) %(54.0) %Net Profitper share
Nine months ended

December 31, 2024
December 31, 2023%329
228

44.0(75.8)

%

190
106

79.0(82.6)

Net Profit perShare (Diluted)
yenyen

32.35
18.07

32.33
17.99

(2) Consolidated Financial Position
Total Assets
As ofDecember 31, 2023
March 31, 2023

(Reference)Shareholders' Equity: As of December 31, 2023:
As of March 31, 2023:

Shareholders’Equity Ratio

Net Assets

Millions of yen

Millions of yen%

115,958
122,278

11,79911,734

10.2
9.6

11,790 million yen
11,725 million yen

2. Dividends
Dividends
End of Q1

End of Q2

End of Q3

Year-end

yen

yen

yen

yen

yen

Fiscal year ended March 31, 2023

-

19.00

-

19.00

38.00

Fiscal year ending March 31, 2024

-

19.00

0.00

19.00

Fiscal year ended

Fiscal year ending March 31, 2024 (forecast)

Total(Note) Revision to forecasts of dividend at the end of this period : Yes

Please refer to the "Notice Concerning Dividend of Surplus (No Dividend)" released today (January 31, 2024) for the Revision to forecasts of dividend at theend of this period.

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 is 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 deposits
Segregated deposits
Segregated deposits for customers
Division deposits for customers
Segregated deposits for others
Short-term guarantee deposits
Foreign exchange deposit receivable
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Investments and other assetsInvestment 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 ofDecember 31, 2023

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

9,195
32,4019,550
22,75992
51,88019,564578(0)113,620

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

175
624
1,538
98
806
146
487
(0)
2,338115,958

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

88,506
4,000
9,856
213
17
12
1,261
103,867

222
23
246

233
48
281

10
10
110,54310
10104,159500
7,646
2,959(0)11,106500
7,669
2,926(0)11,096568

528

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

50
619
8
11,734
122,278

As ofDecember 31, 2023
165
694
8
11,799115,958

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
Financial expenses
Loss on investments in investment partnerships
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 expensesForeign exchange losses
Interest expense
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
Extraordinary expenses
Provision of reserve for financial instruments transaction liabilities

Total extraordinary expenses
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)
Third Quarter of FY
endingMarch 31, 2024Third Quarter of FY
ended
March 31, 2023
852
2,709
536
364
4,462
278
73
4,110

511
2,566
1,547
17
332
4,976
558
4,417

993
1,510
937
93
169
88
67
3,860
249

851
1,772
1,050
61
183
121
67
4,107
309

00

230
24

15
3
3
21
228

134
329

-

0
0
0

1
1
227
126
(4)
121
106
106

330
186(46)139190190

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

Consolidation
adjustment

Total

DomesticOverseas

1,808

2,609

4,417-

4,417

415

428

844

-

844

Commission received

305

206

511

-

511

Other operating revenue

110

222

332-

332

Net trading income and financial revenue

1,882

2,230

4,113

-

4,113

Other(490)

(50)

(541)

-

(541)

99

7

106(106)-

Total net operating revenue

1,907

2,616

4,523

(106)

4,417

Segment operating income

(84)

486

400

(91)

309

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

Intersegment net operating revenue and transfer