Monex Group Reports $67 Million Net Loss Due to Coincheck Listing Costs
Monex Group reported a net loss of $67 million (¥9.9 billion) for Q3 FY2025, primarily due to one-time expenses related to the Nasdaq listing of its cryptocurrency subsidiary Coincheck. Despite this loss, Coincheck's trading volume increased to ¥245.6 billion.
- Monex's US operations generated ¥1.5 billion in profit.
- Japanese operations benefited from collaboration with NTT DOCOMO.
- Total assets under custody and management reached ¥12 trillion.
- Mutual fund balances rose 8% to ¥1.96 trillion.
The company incurred ¥17.1 billion in non-recurring costs tied to Coincheck’s December listing, including ¥13.7 billion for share-based compensation and ¥3.4 billion in professional fees. Core operations remained robust, driven by rising crypto trading activity and brokerage earnings.
Monex acquired Coincheck in 2018 and is focused on enhancing security and risk control for the exchange. The firm plans to use proceeds from the sale of Monex Boom Securities to fund a special year-end dividend of ¥10 per share, totaling ¥25.1 per share with regular dividends included.
In strategic moves, Monex finalized the purchase of a controlling interest in 3iQ Digital Holdings and invested $7.5 million into its Managed Account Platform (QMAP). Additionally, it partnered with NTT DOCOMO to launch a service allowing credit card purchases of mutual funds, offering up to 1.1% back in d POINTs.