Monex : Consolidated Financial Summary under IFRSs for the fiscal year ending March 31, 2022

Monex Group, Inc.

Consolidated Financial Summary under IFRSs for the fiscal year ending March 31, 2022 (April 1, 2021 - March 31, 2022)

This is an English translation for the Japanese report of the consolidated financial summary under IFRSs for the fiscal year ending March 31, 2022. If there is any discrepancy between the statement in English and Japanese, 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 for the fiscal year ending March 31, 2022. 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 to accounting estimates is prospectively recognized in the period when the revision is made and in subsequent periods.

Monex Group, Inc. / April 2022

Consolidated Financial Summary For the fiscal year ending March 31, 2022

(Millions of Yen)

Operating results (from Apr. 1, 2021 to Mar. 31, 2022):

Total revenue .........................................................................	96,311
Total expenses .......................................................................	75,510
Profit before income taxes	20,801
Income tax expense ...............................................................	7,770
Profit	13,032
Profit attributable to :
Owners of the Company . ....................................................	13,017
Non-controlling interests ....................................................	14
(Millions of Yen)
Financial Position (as of Mar. 31, 2022):
Total assets ............................................................................	1,607,761
Equity attributable to owners of the Company .....................	104,286
(Yen)
Earnings per share attributable to owners of the
Company (from Apr. 1, 2021 to Mar. 31, 2022):
Basic earnings per share ........................................................	50.00
Diluted earnings per share ....................................................	－

Note:

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

Consolidated Statements of Income

(Millions of Yen)For the fiscal year ending Mar. 31, 2021

For the fiscal year ending Mar. 31, 2022

Revenue:
Operating revenue ..........................................	77,905	88,783
Other financial income ...................................	431	2,401
Other income ..................................................	1,270	5,128
Equity in profits of equity method investments	61	－
Total revenue	79,668	96,311
Expenses:
Financial expenses .........................................	4,211	5,183
Cost of sales ...................................................	－	51
Selling, general and administrative expenses	49,861	68,601
Other financial expenses ................................	3,945	102
Other expenses ...............................................	355	1,560
Equity in losses of equity method investments	－	14
Total expenses	58,372	75,510
Profit before income taxes	21,296	20,801
Income tax expense ............................................	6,911	7,770
Profit	14,385	13,032
Profit or loss attributable to :
Owners of the Company .................................	14,354	13,017
Non-controlling interests ................................	31	14
Earnings per share attributable to owners of the
Company:	(in yen)	(in yen)
Basic earnings per share .................................	55.82	50.00
Diluted earnings per share ..............................	49.55	－
3

Consolidated Statements of Comprehensive Income

For the fiscal year	For the fiscal year
ending Mar. 31,	ending Mar. 31,
2021	2022

(Millions of Yen)

Profit

Other comprehensive income:

Items that will not be reclassified to profit or loss:

Changes in fair value of equity instruments measured at fair value through other comprehensive income ......................................

Items that may be reclassified subsequently to profit or loss:

Changes in fair value of debt instruments measured at fair value through other comprehensive income ........................................ Foreign currency translation adjustments in foreign operations ................................................ Share of other comprehensive income of equity method investments .............................................

Other comprehensive income after income taxes Comprehensive income

Comprehensive income attributable to :

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

14,385

13,032

159 63

(323) (814)

983 2,526

8

827 15,212

3 1,778 14,810

15,181 31

14,795 14

Consolidated Statements of Financial Position

(Millions of Yen)

As of	As of
Mar. 31, 2021	Mar. 31, 2022
Assets:
Cash and cash equivalents .......................................	186,683	253,458
Money held in trust .................................................	751,888	843,590
Trading securities and other ....................................	4,457	7,843
Derivative assets ......................................................	12,067	15,335
Inventories ...............................................................	45,462	56,463
Investments in securities .........................................	8,515	12,008
Margin transaction assets ........................................	182,017	162,285
Loans secured by securities .....................................	42,774	91,376
Other financial assets ..............................................	112,904	105,492
Property and equipment ..........................................	4,961	6,564
Intangible assets ......................................................	44,861	45,350
Equity method investments .....................................	345	344
Deferred tax assets ..................................................	1,456	1,552
Other assets .............................................................	2,738	6,100
Total assets	1,401,130	1,607,761
Liabilities and Equity:
Liabilities:
Trading securities and other ....................................	－	45
Derivative liabilities ................................................	5,621	8,997
Margin transaction liabilities ...................................	37,637	29,004
Loans payable secured by securities .......................	117,259	159,317
Deposits received ....................................................	492,466	592,373
Guarantee deposits received ....................................	334,357	348,569
Bonds and loans payable .........................................	246,220	262,627
Other financial liabilities .........................................	17,496	29,898
Provisions ................................................................	208	463
Income taxes payable ..............................................	6,571	4,510
Deferred tax liabilities .............................................	3,074	1,959
Other liabilities ........................................................	49,695	63,981
Total liabilities	1,310,605	1,501,742
Equity:
Common stock ........................................................	10,394	13,144
Additional paid-in capital ........................................	40,253	41,174
Treasury stock .........................................................	(446)	(383)
Retained earnings ....................................................	30,148	39,268
Other components of equity ....................................	9,225	11,084
Equity attributable to owners of the Company ........	89,573	104,286
Non-controlling interests ..........................................	952	1,732
Total equity	90,524	106,018
Total liabilities and equity	1,401,130	1,607,761