Worth reading
79Important
Scored from 4 of 6 sectionsDirection
Deterioration
Direction inferred from the company’s description.Scale
-4518
¥ million (consolidated profit before tax for the second quarter of the fiscal year ending March 2027)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Earnings presentation materialsSecond quarter of the fiscal year ending March 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Operating profit¥54 million
Ordinary income¥-4,518 million profit before tax
Net income-3,492 Millions of yen profit for the quarter attributable to owners of the parent
Selling, general and administrative expenses¥16,445 million
Results for the three months of the current quarter
Operating revenue after deducting financial expenses and cost of sales
¥16,499 million
Operating profit equivalent amount
¥54 million
Profit before tax for the quarter
¥-4,518 million
Quarterly profit attributable to owners of the parent
¥-3,492 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Decline in profit before tax in the securities business¥-252 million
- Decline in profit before tax in the digital asset business¥-168 million
- Increase in operating profit and share of profit of investments accounted for using the equity method in the asset management business¥111 million
- Increase in profit before tax in the investment business¥190 million
- Decline in valuation gains and losses on securities held by Monex Group on a standalone basis¥-505 million
- Loss on fair value measurement of Westfield's earn-out liability¥-3,213 million
- Impairment loss related to Aplo¥-2,962 million
New initiatives
- Make IRBANK an equity-method affiliate and aim to provide an AI-native investment experience with Monex Securities
- Plans to provide services and API integration enabling users to view securities account information and conduct transactions on IRBANK
- Plans to develop and provide the AI investment agent itself going forward
Key KPIsA metric the company considers important as a management benchmark.
- Number of target customers1.8 ten thousandYear on year against the same period last year+3.8%
- Number of Monex Securities accounts305 10,000 accountsYear on year against the same period last year+9.7%
- Number of Coincheck accounts287 10,000 accountsYear on year against the same period last year+18.5%
- Assets under custody at Monex Securities¥12.4 1 trillionYear on year against the same period last year+23.6%
- Coincheck assets under custody¥8,769 100 millionYear on year against the same period last year-26.3%
- Assets under management and advisory (pro rata share)¥2.4 1 trillionYear on year against the same period last year+33.8%
- Assets under management and advisory (non-pro rata share)¥6.4 1 trillionYear on year against the same period last year+35.9%
- Adjusted EBITDA¥3,499 million
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- DARTs (TradeStation total)267,737 contractsYear on year against the same period last year+8% (quarter on quarter)
- DARTs (equities)+19%
- DARTs (options)+12%
- Trading value on the exchange platform¥415 100 million
Segment results
Securities Business
Operating revenue after deducting financial expenses and cost of sales11,434
Operating profit equivalent amount1,790
Quarterly profit attributable to owners of the parent2,267
Digital Assets Business
Operating revenue after deducting financial expenses and cost of sales2,648
Operating profit equivalent amount-1,540
Quarterly profit attributable to owners of the parent-2,938
Asset Management and Wealth Management business
Operating revenue after deducting financial expenses and cost of sales1,617
Operating profit equivalent amount310
Quarterly profit attributable to owners of the parent-2,604
Investment Business
Operating revenue after deducting financial expenses and cost of sales71
Operating profit equivalent amount50
Quarterly profit attributable to owners of the parent87
Financial targets
ROE target15%
Number of employees
Digital Asset business segment333 people
Same period of the previous year281 people
Annual Dividend
¥30.8 /share
Interim15.4
End of period15.4
Payout ratio
Dividend policy based on 50% of profit for the year attributable to owners of the parent per shareAcquisition of treasury shares
Policy of conducting share buybacks flexibly. Specific buyback limit: Not disclosed| Item | Details |
|---|---|
| Document type | Earnings presentation materials |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Operating profit | ¥54 million |
| Ordinary income | ¥-4,518 million (profit before tax) |
| Net income | -3,492 Millions of yen (profit for the quarter attributable to owners of the parent) |
| Selling, general and administrative expenses | ¥16,445 million |
| Results for the three months of the current quarter | Operating revenue after deducting financial expenses and cost of sales ¥16,499 million / Operating profit equivalent amount ¥54 million / Profit before tax for the quarter ¥-4,518 million / Quarterly profit attributable to owners of the parent ¥-3,492 million |
| Segment results | Securities Business Operating revenue after deducting financial expenses and cost of sales 11,434 / Operating profit equivalent amount 1,790 / Quarterly profit attributable to owners of the parent 2,267 / Digital Assets Business Operating revenue after deducting financial expenses and cost of sales 2,648 / Operating profit equivalent amount -1,540 / Quarterly profit attributable to owners of the parent -2,938 / Asset Management and Wealth Management business Operating revenue after deducting financial expenses and cost of sales 1,617 / Operating profit equivalent amount 310 / Quarterly profit attributable to owners of the parent -2,604 / Investment Business Operating revenue after deducting financial expenses and cost of sales 71 / Operating profit equivalent amount 50 / Quarterly profit attributable to owners of the parent 87 |
| Breakdown of Factors Affecting the Change | Factors Decline in profit before tax in the securities business / Amount ¥-252 million, Factors Decline in profit before tax in the digital asset business / Amount ¥-168 million, Factors Increase in operating profit and share of profit of investments accounted for using the equity method in the asset management business / Amount ¥111 million, Factors Increase in profit before tax in the investment business / Amount ¥190 million, Factors Decline in valuation gains and losses on securities held by Monex Group on a standalone basis / Amount ¥-505 million, Factors Loss on fair value measurement of Westfield's earn-out liability / Amount ¥-3,213 million, Factors Impairment loss related to Aplo / Amount ¥-2,962 million |
| Key KPIs | Indicator name Number of target customers / Value 1.8 ten thousand / Year on year against the same period last year +3.8%, Indicator name Number of Monex Securities accounts / Value 305 10,000 accounts / Year on year against the same period last year +9.7%, Indicator name Number of Coincheck accounts / Value 287 10,000 accounts / Year on year against the same period last year +18.5%, Indicator name Assets under custody at Monex Securities / Value ¥12.4 1 trillion / Year on year against the same period last year +23.6%, Indicator name Coincheck assets under custody / Value ¥8,769 100 million / Year on year against the same period last year -26.3%, Indicator name Assets under management and advisory (pro rata share) / Value ¥2.4 1 trillion / Year on year against the same period last year +33.8%, Indicator name Assets under management and advisory (non-pro rata share) / Value ¥6.4 1 trillion / Year on year against the same period last year +35.9%, Indicator name Adjusted EBITDA / Value ¥3,499 million / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Indicator name DARTs (TradeStation total) / Value 267,737 contracts / Year on year against the same period last year +8% (quarter on quarter), Indicator name DARTs (equities) / Value +19% / Year on year against the same period last year Not disclosed, Indicator name DARTs (options) / Value +12% / Year on year against the same period last year Not disclosed, Indicator name Trading value on the exchange platform / Value ¥415 100 million / Year on year against the same period last year Not disclosed |
| Number of employees | Digital Asset business segment 333 people / Same period of the previous year 281 people |
| Financial targets | ROE target 15% |
| Annual Dividend | ¥30.8 /share |
| Payout ratio | Dividend policy based on 50% of profit for the year attributable to owners of the parent per share |
| Acquisition of treasury shares | Policy of conducting share buybacks flexibly. Specific buyback limit: Not disclosed |
| New initiatives | Make IRBANK an equity-method affiliate and aim to provide an AI-native investment experience with Monex Securities, Plans to provide services and API integration enabling users to view securities account information and conduct transactions on IRBANK, Plans to develop and provide the AI investment agent itself going forward |
Items this document does not state (14)
Net SalesGross Profit MarginOperating profit marginFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.This was due to the recognition of a ¥3,213 million loss on fair value measurement of Westfield Capital Management's earn-out liability and a ¥2,962 million impairment loss on goodwill and identifiable intangible assets related to Aplo. Some revenue also declined in the securities and digital asset businesses.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.