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Financial Results for 3Q of Fiscal Year Ending March 31, 2026 February 12, 2026 Monex Group TSE Prime : 8698
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1 Always a step ahead of the “Y” in “MONEY,” our name MONEX expresses our desire to embrace all people who are engaged at the forefront of our future. With state-of-the-art IT technology, globally universal values and a sense of professionalism, Monex Group designs innovative ways of managing money and realizing individual self-fulfillment for an ever-changing future. Our ultimate goal is to optimize each person’s lifetime balance sheet. Revised on Apr. 1st, 2021 Corporate Philosophy
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This is an English translation of Japanese presentation materials prepared in connection with the disclosure of the financial results of Monex Group, Inc. It includes information derived from the consolidated financial statements of Monex Group, Inc. which are prepared in accordance with International Financial Reporting Standards (“IFRSs”). This material is not intended to recommend or conduct solicitation for any product or s ervice, etc. <Forward-looking Statements> This presentation material contains forward-looking statements that are based on our current expectations, assumptions, estimates and projections about our industry and us. These forward- looking statements are subject to various risks and uncertainties. Generally, these forward- looking statements can be identified by the use of terms such as "may" "will“ "expect" "anticipate" "estimate" "plan" and other similar words. T hese statements discuss future expectations, identify strategies, contain projections of results of operations or of our financi al condition and state other "forward-looking" information. Our operations are subject to risks, uncertainties and other factors that could cause our actual results to diff er materially from those contained in any forward-looking statement. Corporate Philosophy p. 1 Table of Contents p. 2 Ⅰ. Highlights p. 3 - p.13 Ⅱ. Consolidated Performance p.14 - p.43 Ⅲ. Business Update p.44 - p.64 Appendix p.65 - p.68 2
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Ⅰ. Highlights 3
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Commitment for FYE Mar. 2026 and 3Q Highlights 4 Commitment for FYE Mar. 2026 3Q Highlights 1. Growth Strategies and Profitability 2. Growth Investment 3. Management that is more conscious of cost of capital and stock price 4. Pursuit of Group Synergies Financial Highlights Business Highlights • Consolidated performance: Profit attributable to owners of the Company (3Q) was ¥3.5B ― Online brokerage and asset management business drove overall performance. ― TradeStation achieved record quarterly operating revenue on a U.S. dollar basis. • Monex Securities recorded all-time high of 47,000 new account openings in Jan. • Monex Securities entered into a business alliance agreement with NTT DOCOMO and Sumishin SBI Net Bank, Ltd. • 3iQ launched a fund in partnership with Further, a UAE sovereign wealth fund-backed digital asset investment manager. • AUM at Monex Asset Management exceeded ¥1 trillion. • Coincheck Group completed the acquisition of Aplo SAS. • Through an intra-group organizational restructuring, 3iQ will be integrated into the Crypto Asset Business Segment, strengthening collaboration across the Coincheck Group and unlocking group synergies.
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Business Alliance among Monex Securities, NTT DOCOMO and Sumishin SBI Net Bank 5 Business alliance uniting telecommunications/payments, banking, and securities expertises Monex Securities leverages its collaboration with NTT DOCOMO and Sumishin SBI Net Bank to introduce new services and products, with a focus on accelerating account growth and reinforcing its revenue base. Overview of the Business Alliance The following services are scheduled to be launched in August 2026. ■ Simultaneous account opening Building a streamlined process allowing the simultaneous application and opening of SBI Sumishin Net Bank account and Monex Securities account. ■ Fund sweep function between bank and securities accounts Offering the sweep function facilitating seamless fund transfers between customers’ Sumishin SBI Net Bank account and customers’ Monex Securities trading account. ■ Provision of preferential benefits through a three-company alliance Offering customers to special benefits for greater savings by using NTT DOCOMO, Sumishin SBI Net Bank, and Monex Securities services together. Launch of financial instruments intermediary services Sumishin SBI Net Bank introduced Monex Securities account opening support on its website, effective Feb. 2, 2026.
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Growth in Asset Management Business 6 AUM*1, adjusted net revenue, and adjusted EBITDA continue to expand. High profitability maintained relative to AUM. Trends in adjusted net revenue*3 and adjusted EBITDA*4Trends in AUM*2 2025/3 1Q 2025/3 2Q 2025/3 3Q 2025/3 4Q 2026/3 1Q 2026/3 2Q 2026/3 3Q 1,582 694 718 793 780 1,819 1,927 Acquisition of 3iQ Investment in Westfield (Acquired a 20% stake) 825 2,075 2,876 2,753 186 1,032 1,255 1,328 2025/3 4Q 2026/3 1Q 2026/3 2Q 2026/3 3Q Adjusted net revenue Adjusted EBITDA(JPY million)(JPY billion) Adjusted net revenue / AUM：58bps Adjusted EBITDA / AUM：26bps Adjusted EBITDA / Adjusted net revenue：45% *1 AUM: Asset Under Management *2 AUM in the chart reflects figures adjusted for the Monex Group’s economic interest, and it is shown as quarter-end balance. It includes AUM of Westfield Capital Management Company, L.P., an equity-method affiliate of the Company. *3 Adjusted net revenue is calculated by deducting fees received from funds by each asset management company and is presented on a basis that reflects the Monex Group’s economic interest. *4 Adjusted EBITDA includes operating profit, profits of equity-method investment income/loss, depreciation expenses, amortization of identifiable intangible assets, and share-based compensation expenses. *5 The number of AUM represents the average AUM for the quarter. *5 *5
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3iQ: Accelerating Growth and Market Presence 7 3iQ announced the establishment of a fund with Further Asset Management, a digital asset investment manager backed by a UAE sovereign wealth fund. Beyond North America, 3iQ captures global institutional investors’ needs for digital asset management. Launch of a Fund with Further Asset Management 3iQ established the “Further x 3iQ Alpha Digital Fund” in partnership with Further Asset Management, a UAE based digital asset investment manager. Overview • Further x 3iQ Alpha Digital Fund is a multi-strategy vehicle providing institutionally risk-managed exposure to digital assets, including a Bitcoin share class. • Seeded with $100 million, the fund offers institutional investors, family offices, and sovereign wealth funds the opportunity to seek alpha in the digital asset space.
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Intra-Group Organizational Restructuring 8 3iQ, with a strong track record in institutional digital asset investment products, will be transferred to the Crypto Asset Business Segment to strengthen collaboration across the Coincheck Group and generate group synergies. Synergies from collaboration between 3iQ and companies in Coincheck Group3iQ’s proven track record AUM as of Dec. 31, 2025 CAD 1,536 million 2020 First established publicly traded funds investing in Bitcoin (BTC) and Ethereum (ETH) in North America. 2025/4~6 Listing North America's first Solana (SOL) ETF with staking functionality on the Toronto Stock Exchange in April, followed by the listing of a Ripple (XRP) ETF in June. 2025/9 Three of 3iQ's ETFs were included in the Ball Metaverse Index. 2025/12 Announced the launch of a fund with Further Asset Management, a digital asset investment manager backed by a UAE sovereign wealth fund. By strengthening collaboration in product design, custody, staking, and asset management, and capturing the needs of global investors including institutional investors in Japan, North America, and Middle East, Coincheck Group aims to drive its business growth. 3iQ’s solid track record is underpinned by its competitive edge, driven by institutional-grade product design, transparent and efficient asset allocation, and disciplined risk management.
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Business Portfolio 9 Each business segment advances its growth strategy while also creating synergies across segments. 3iQ will be transferred to the Crypto Asset Business Segment in April 2026. Listed Holding Company (TSE：8698) Online Brokerage InvestmentAsset Management / Wealth Management OthersCrypto Asset TradeStation, Technologies, Inc. Providing cryptocurrency asset management services for institutional investors Intermediate Holding Company Investment service provider focusing on active traders TradeStation Securities, Inc. 100% × DOCOMO Monex Holdings, Inc. Intermediate Holding Company 51% Comprehensive investment service provider 80% Providing services for institutional investors Providing staking service Offering Coincheck, a crypto asset exchange Intermediate Holding CompanyNASDAQ：CNCK Private banking service for high net worth clients Robo-advisory / Providing asset management services for institutional investors Venture capital business Genomme & health Education and development support AI business Asset management company engaged in investment advisory 20% 100% 100% 55% 97% 100% 100% 33% 100% 3iQ will be transferred to the Crypto Asset business segment in April 2026. Consolidatedsubsidiaries Equitymethod affiliate of the Company segm ents * Shareholding ratio in the chart means economic interest. (As of Jan. 2026) Figures have been rounded to one decimal place. Shareholding ratio Investment advisory Japan Catalyst, Inc Monex SP Trust, Inc. A custodial trust service
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Pursuit of Group Synergies Aim to further enhance corporate value by creating new value through synergies across segments, in addition to the organic growth of each company. 10 Online Brokerage InvestmentAsset Management / Wealth ManagementCrypto Asset Business Segments Listed Holding Company (TSE：8698)Synergy within segments Synergy between segments Synergy already realized Synergy under consideration Joint initiative to support corporate crypto treasury management Collaboration in US stock lending service Collaboration in US equities, margin trading, extended market hours, and invest information service “MONEX INSIGHT” Strengthen further Continue to collaborate with Exchange of Monex points for crypto assets Consideration of crypto assets brokerage business by Monex Securities Collaboration in BtoB business Selling products of Westfield to customers of Monex Securities Identifying the investment needs of high-net-worth clients and product development Identifying the investment needs of high-net-worth clients and product development Collaboration in the development of crypto asset related products Crypto asset management services for institutional investors Product development for the Japanese market Collaboration in asset and risk management Product development for high-net-worth clients Collaboration in custody Product development forstaking services Providing staking infrastructure Sharing expertise in institutional business Liquidity provision Collaboration in staking service
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Japan’s Crypto Asset Landscape and Business Opportunity for Monex Group Leveraging major shifts in Japan’s crypto asset environment to drive new business opportunities. 11 Regulations and taxation Changes in demand-side (investors) needs Changes in supply-side (across industries) initiatives Monex Group • Reclassification of crypto asset under the Financial Instruments and Exchange Act from the Payment Services Act. • Amendments to the Investment Trust and Investment Corporation Act. • Tax reforms premised on amendments to financial regulations, including the Financial Instruments and Exchange Act. Corporate entitiesRetail investors Institutional investors Trading activity is currently centered on purchasing and holding. Regulatory and tax reforms are expected to promote more active trading, resulting in higher transaction volumes. Buy Sell Growing momentum leads to a further increase in digital asset treasury companies holding and managing crypto asset. Growing momentum and improved liquidity are expected to drive greater crypto asset exposure among institutional investors and higher trading volumes. B B B B Cryptocurrency related companiesSecurities companies Asset management companies • Offering crypto ETFs and related products • Provision of custody and staking services • Initiation of crypto ETF structuring • Initiatives related to crypto asset funds and SMAs*¹ Monex Group offers a comprehensive set of capabilities, including “research,” “product design,” “custody,” “asset management,” “staking,” and “distribution,” required to provide crypto asset related services to retail investors, corporate entities, and institutional investors. B *1 SMA stands for Separately Managed Account, a wrap account service in which a securities companies or financial institutions manage a client’s assets under a discretionary investment management agreement.
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2,165 1,678 405 1,419 831 3,809 3,338 664 594 475 210 963 281 1,042 1,439 1,326 1,332 1,368 1,314 1,768 1,733 74 75 75 74 372 411 434 4,342 3,673 2,287 3,072 3,479 6,268 6,547 2025/3 1Q 2025/3 2Q 2025/3 3Q 2025/3 4Q 2026/3 1Q 2026/3 2Q 2026/3 3Q Adjusted EBITDA and Adjusted Profit after Tax Adjusted EBITDA*1 grew steadily to ¥6,547 million this quarter, while adjusted profit after tax*2, adding amortization of identifiable intangible assets at consolidated subsidiaries and equity-method affiliates, increased to ¥4,143 million. 12 Trends in adjusted profit after taxTrends in adjusted EBITDA 2,472 1,579 768 1,856 2,693 3,463 349 323 355 440 318 745 680 2,821 1,902 1,208 2,173 3,438 4,143 Profits of equity method investmentsConsolidated operating income (JPY million) Depreciation expense Share-based payment expense*4 *5 *6 *3 Amortization of identifiable assets (consolidated subsidiaries + equity method affiliates) Profit attributable to owners of the company *5 2025/3 1Q 2025/3 2Q 2026/3 3Q2026/3 2Q2026/3 1Q2025/3 4Q2025/3 3Q -9,532 Non-adjusted ROE: 11% - 3Q of consolidated profit after tax x four quarters: ¥13.9B - Equity attributable to owners of the parent: ¥124.7B Adjusted ROE: 13% - 3Q of adjusted profit after tax x four quarters: ¥16.6B - Equity attributable to owners of the parent: ¥124.7B *1 Adjusted EBITDA presented in the above chart includes non-controlling interests. *2 Profit attributable to owners of the Company is adjusted. *3 Consolidated operating income for the 3Q of FYE Mar. 2025 and 4Q of FYE Mar. 2025 was affected by one-time professional fees related to the Nasdaq listing of Coincheck Group N.V. (3Q of FYE Mar. 2025: ¥3,374 million, 4Q of FYE Mar. 2026: ¥1,157). *4 Depreciation expense: depreciation expense + amortization equivalent of identifiable intangible assets related to equity-method affiliates. *5 Amortization of identifiable intangible assets at consolidated subsidiaries is presented on an after-tax basis. *6 The six months’ amortization expense including the portion for 1Q of Mar. FYE 2026 related to Westfield’s identifiable intangible assets is included in the depreciation expense for the 2Q of FYE Mar. 2026. *7 The numbers of balances for the equity attributable to owners of the parent (beginning-of-period: as of 3Q of FYE Mar. 2025, end-of-period: as of 3Q of FYE March 2026). 9,886
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Capital Management 13 Disciplined Capital Management (announced on Oct. 28, 2024) 1. ROE target is 15%. 2. Promote growth investment and pursue sustainable profit growth. 3. The basic policy on returning profits to shareholders is maintained. (see P.42) Strengthened the Company’s capital management with a focus on “management that is conscious of cost of capital and stock price” in January 2024. The Company aims to achieve an ROE of 15% while appropriately and actively promoting investment in growth areas and strengthening its business base. In addition, the Company aims to further increase corporate value and improve TSR*1 by returning profits to shareholders in a balanced manner.The total return to shareholders on equity*2 for the past two fiscal years, ending March 31, 2024 and March 31, 2025, was 15.7%. *1 Total shareholder return = (total capital gain + total dividends paid) / invested amount. *2 Total return to shareholders on equity = (total dividends paid + total value of share repurchase) / shareholders’ equity
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Ⅱ. Consolidated Performance 14
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― QoQ Comparison 15
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Highlights 3Q of FYE Mar. 2026 (3 months) Online brokerage and asset management business drove overall performance. Consolidated quarterly profit*1 was ¥3.5B. Online Brokerage Crypto Asset Asset Management / Wealth Management Investment TradeStation achieved record quarterly operating revenue on a U.S. dollar basis. Since profits of equity-method investment income/loss from Monex Securities increased, the segment recorded a quarterly profit*1 of ¥2.6B. billion yen. *1 Quarterly profit / loss = quarterly profit / loss attributable to owners of the company *2 Asset Under Management Although revenue decreased primarily due to lower trading volume at the marketplace, net staking income grew steadily. In addition, IEO related revenues were recorded in this quarter. Despite higher SG&A expenses from the Aplo acquisition, the segment recorded a quarterly profit*1 of ¥0.3B. Gains from multiple exits, along with valuation gains and losses on several investments, resulted in quarterly profit*1 of ¥0.2B. AUM*2 for the funds managed by each company steadily increased. As a result of recording the success fees from the Monex Activist Fund, the amount equivalent to operating income is ¥0.9B (It increased QoQ). Reflecting the recognition of equity-method investment income/loss from Westfield, a quarterly profit*1 was ¥0.6B. 16
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QoQ Comparison (3 months) Consolidated Performance (JPY million) FYE Mar. 2026 (Jul. 2025 – Sep. 2025) FYE Mar. 2026 (Oct. 2025 – Dec. 2025) Variance Rate of change Total operating revenue after deducting financial expenses and cost of sales 19,056 19,468 +412 +2% SG&A 15,247 16,129 +882 +6% The amount equivalent to operating income 3,809 3,338 -471 -12% Other income / expenses (net) 909 1,667 +757 +83% Profits of equity method investments 281 1,042 +761 +271% Profit before income taxes 4,719 5,005 +286 +6% Profit attributable to owners of the Company 2,693 3,463 +770 +29% *1 A fair value loss of 311 million yen on the Westfield Capital Management earn-out and a gain on sale of 230 million yen from Win Securities. *2 Profits of equity method investment in Monex Securities and Westfield Capital Management: Monex Securities (2Q of FYE Mar. 2026: 280 million yen, 3Q of FYE Mar. 2026: 729 million yen), Westfield Capital Management (2Q of FYE Mar. 2026: -9 million yen, 3Q of FYE 2026: 177 million yen). Profits of equity method investment in Westfield Capital Management in 2Q of FYE Mar. 2026 includes 430 million yen of six months' worth for amortization of identifiable intangible assets, and 3Q of FYE Mar. 2026 includes 227 million yen of three month’s amortization of identifiable intangible assets. *1 *2 *2 17
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(JPY million) Online Brokerage Crypto Asset Asset Management- Wealth Management Investment 2026/3 2Q 2026/3 3Q 2026/3 2Q 2026/3 3Q 2026/3 2Q 2026/3 3Q 2026/3 2Q 2026/3 3Q Total operating revenue after deducting financial expenses and cost of sales 11,571 12,270 3,907 3,831 2,585 2,546 253 84 SG&A 8,872 9,729 3,369 3,508 1,789 1,687 25 26 The amount equivalent to operating income 2,699 2,541 538 322 795 859 228 57 Other income / expenses (net) 268 744 364 473 -330 106 14 141 Profits of equity method investments 280 729 - -1 -9 177 14 141 Profit before income taxes 2,967 3,285 903 795 465 966 243 198 Profit attributable to owners of the Company 2,297 2,562 296 325 73 640 161 180 Note See P19 “Operating Revenue” for more details See P20 “SG&A” for more details See P24 “Operating Revenue” for more details See P25 “SG&A” for more details See P27 “Operating Revenue” for more details See P28 “SG&A” for more details QonQ Comparison (3 months) Segment Performance *1 Profits of equity method investment in Monex Securities. *2 RSU (Restricted Stock Units) granted to executives and others of the Coincheck Group N.V. (2Q of FYE Mar. 2026: 321 million yen, 3Q of FYE Mar. 2026: 316 million yen) *3 Valuation loss resulting from changes in the fair value of warrant liabilities due to the rise in the Coincheck Group’s share price (2Q of FYE Mar. 2026: 113 million yen, 3Q of FYE Mar. 2026: 248 million yen). Also includes 243 million yen in criminal property damage recovery payment provided by the criminals regarding the XEM outflow incident that occurred in January 2018. *4 Fair value loss of 311 million yen on the Westfield Capital Management earn-out liabilities. *5 Profits of equity method investment in Westfield Capital Management. (2Q of Mar. FYE 2026: -9 million yen, 3Q of FYE Mar. 2026: 177 million yen) Profits of equity method investment in Westfield Capital Management in 2Q of FYE Mar. 2026 includes 430 million yen of six months' worth for amortization of identifiable intangible assets, and 3Q of FYE Mar. 2026 includes 227 million yen of three month’s amortization of identifiable intangible assets.. *1 *2 *3 *3 *5*1 *5 *2 18 *4
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【Online Brokerage Business】 QoQ Comparison (3 months) Analysis: Operating Revenue (USD) Commissions increased due to higher trading volumes in equities and futures. Although net financial income declined due to lower interest rates impacting interest income on customer cash, TradeStation achieved the highest quarterly operating revenue on a U.S. dollar basis. Quarterly total operating revenue after deducting financial expenses and cost of sales +1.7% (+1,298) * Figures in parentheses indicate the variance from the previous quarter（USD thousand） ■ Other (+185) ■ Net financial income (-2,427) ■ Other commissions (+1,920)* ■ Brokerage commissions (+1,620)* * Average VIX：16.0 → 17.8 (+1.8ppt) DARTs QoQ : 219,352 → 245,599 (+12%) DARTs QoQ (Equities)：+11% DARTs QoQ (Options)：+6% DARTs QoQ (Futures)：+18% (USD thousand) Total operating revenue after deducting financial expenses and cost of sales 19 23,515 26,389 23,952 24,522 26,142 15,664 16,187 14,298 17,357 19,278 32,198 32,289 33,862 35,075 32,648 1,161 1,144 1,146 1,212 1,39772,538 76,008 73,257 78,167 79,465 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 2025/3 3Q 2025/3 4Q 2026/3 1Q 2026/3 2Q 2026/3 3Q
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【Online Brokerage Business】 QoQ Comparison (3 months) Analysis: SG&A (USD) Although advertising expenses increased due to higher digital advertising expense and commission expenses increased in line with higher futures trading volumes, overall expenses have been controlled at an appropriate level. 20 Total SG&A Total SG&A +5.2% (+3,108) * Figures in parentheses indicate the variance from the previous quarter（USD thousand）(USD thousand) ■ Other (+541) ■ Advertising expenses (+1,089) ■ Amortization and depreciation (+85) ■ Communication, freight and information expenses (-94) ■ Commissions paid and association dues (+872) ■ Compensation and benefits (+615) 24,969 25,453 25,799 25,873 26,488 9,996 11,445 11,099 10,454 11,326 3,923 4,668 4,690 4,684 4,589 5,789 5,934 5,890 5,765 5,850 6,549 7,982 6,241 6,278 7,368 7,865 6,156 7,284 6,831 7,372 59,092 61,638 61,003 59,885 62,993 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 2025/3 3Q 2025/3 4Q 2026/3 1Q 2026/3 2Q 2026/3 3Q
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【Online Brokerage Business】(Equity-method affiliate) Monex Securities QoQ Comparison (3 months) Analysis: Net Operating Revenue *1 Mutual Fund Balance (average at the end of each month) : ¥ 2.2 trillion -> 2.4 trillion (+13%) *2 FX revenue -38, Bond related revenue +111, *3 Net financial income of margin trading +242, Net financial income of stock lending +79 (dividend received +136) Investment gains on clients’ USD cash deposit +38 *4 Brokerage commission from Japan equities +198 Brokerage commission from U.S. equities +105 Brokerage commissions increased amid active stock trading in the Japanese and U.S. markets. Net financial income also rose due to a recovery in margin balances. Net operating revenue (JGAAP) Net operating revenue +10.5%（+1,086） * Figures in parentheses indicate the variance from the previous quarter (JPY million) ■ Other (+132) ■ Mutual funds related revenues (+159)*1 ■ FX & fixed income (+63) *2 ■ Net financial income (+407)*3 ■ Brokerage commissions (+323)*4 21 (JPY million) 2,557 2,522 2,573 2,953 3,276 2,768 2,361 2,804 2,766 3,173 2,096 1,924 2,004 2,226 2,290 1,677 1,743 1,736 1,945 2,105 419 548 510 474 606 9,520 9,101 9,629 10,365 11,452 0 2,000 4,000 6,000 8,000 10,000 12,000 2025/3 3Q 2025/3 4Q 2026/3 1Q 2026/3 2Q 2026/3 3Q
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【Online Brokerage Business】(Equity-method affiliate) Monex Securities QoQ Comparison (3 months) Analysis: SG&A Commissions paid increased primarily due to active trading, but over all expenses were appropriately controlled. Total SG&A(JGAAP) Total SG&A +5.4%（+456） * Figures in parentheses indicate the variance from the previous quarter (JPY million) ■ Other (+41) ■ Advertising expenses (-66) ■ Communication, freight and information expenses (+31) ■ Commissions paid, exchange and association dues (+272) ■ Compensation and benefits (+78) ■ System related expenses (+97) 22 (JPY million) 3,013 2,935 3,001 3,114 3,212 1,092 1,082 1,180 1,210 1,288 1,993 1,932 1,985 2,143 2,415 420 431 436 432 464 746 980 676 948 882 646 661 638 647 689 7,913 8,023 7,918 8,498 8,954 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 2025/3 3Q 2025/3 4Q 2026/3 1Q 2026/3 2Q 2026/3 3Q
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【Online Brokerage Business】 Quarterly Operating Income and Profit Attributable to Owners of the Company Quarterly Operating Income and Profit Attributable to Owners of the Company (Five-Quarter Trend) Operating Income and Profit Attributable to Owners of the Company (3Q of FYE Mar. 2026) （JPY million） 23 2,055 2,184 1,780 2,699 2,541 2,019 2,065 2,981 2,297 2,562 2025/3 3Q 2025/3 4Q 2026/3 1Q 2026/3 2Q 2026/3 3Q Operating income Quarterly profit attributable to owners of the Company 2,541 15 729 2,562 -723 Operating income Other income / expenses Profits of equity method investment Profit attributable to owners of the company Income tax expense Profits of equity method investment in Monex Securities*1 *1 It is being affected by compensation costs for damages resulting from unauthorized access and transactions.
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【Crypto Asset Business】 QoQ Comparison (3 months) Analysis: Operating Revenue Quarterly total operating revenue after deducting financial expenses and cost of sales -1.9% (-77) Total operating revenue after deducting financial expenses and cost of sales Although net trading income decreased primarily due to lower trading value at the marketplace, net staking income grew steadily. In this quarter, IEO related revenues were recorded. *Figures in parentheses indicate the variance from the previous quarter (JPY million) 24 4,388 3,191 2,075 3,260 2,784 17 132 265 286 402 274 213 382 761 4,790 3,481 2,420 3,907 3,831 0 1,000 2,000 3,000 4,000 5,000 2025/3 3Q 2025/3 4Q 2026/3 1Q 2026/3 2Q 2026/3 3Q (JPY million) Marketplace Trading Value 2Q of FYE Mar. 2026 ¥94.7B 3Q of FYE Mar. 2026 ¥87.7B *1 ■ Other (+378) ■ Net staking income (+21) ■ Net trading income (-476)*1
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【Crypto Asset Business】 QoQ Comparison (3 months) Analysis: SG&A Although compensation benefits and system related expenses for Coincheck Group increased due to the acquisition of Aplo SAS, Coincheck, Inc. managed and controlled its total SG&A at appropriate level. 25 403 481 529 567 642 1,080 652 975 1,167 1,384 103 100 90 86 89 200 211 270 299 308 541 609 430 463 331 635 430 1,022 787 755 3,374 1,157 3,641 3,315 3,369 0 1,000 2,000 3,000 4,000 2025/3 3Q 2025/3 4Q 2026/3 1Q 2026/3 2Q 2026/3 3Q 6,336 7,000 ・・・ 3,508 One-time professional fees related to De-SPAC listing (JPY million) Total SG&A Total SG&A +4.1%（+139） *Figures in parentheses indicate the variance from the previous quarter (JPY million) ■ Other (-32) ■ Advertising expenses (-132) ■ Communication, freight and information expenses (+9) ■ Commissions paid (+3) ■ Compensation and benefits (+217)*1 ■ System related expenses (+75 )*2 *1 Number of employees 2026/3 2Q: 235 → 2026/3 3Q: 266 (+31) Aplo’s employee headcount: +17 *2 Including amortization of identifiable intangible assets related to Aplo.
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【Crypto Asset Business】 Quarterly Operating Income and Profit Attributable to Owners of the Company Quarterly Operating Income and Profit Attributable to Owners of the Company (Five-Quarter Trend) Operating Income and Profit Attributable to Owners of the Company (3Q of FYE Mar. 2026) 26 2025/3 3Q 2025/3 4Q 2026/3 1Q 2026/3 2Q 2026/3 3Q -1,546 -159 -895 538 322 -12,949 408 -1,147 296 325 Operating income Quarterly profit attributable to owners of the Company Operating income Other income / expenses Income taxes Profit attributable to owners of the company Profit attributable to non-controlling interests 322 474 325-390 -80 One-time share-based compensation related to De-SPAC is included: JPY 13,714 M Including a valuation gain of JPY 248 M due to the change in the fair value of the warrant liability
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【Asset & Wealth Management Business】 QoQ Comparison (3 months) Analysis: Operating Revenue (JPY million) ■ Wealth management (+38) ■ Asset management (-76)*1 *1 Assets Under Management (Quarter-End Balances) Monex Asset Management： Robo-advisor services: ¥119.8 billion → ¥132.4 billion Monex Activist Fund: ¥41.6 billion → ¥48.7 billion Institutional investors/corporate clients: ¥728.7 billion → ¥811.7 billion 3iQ Digital Holdings： ¥213.4 billion → ¥175.5 billion (CAD 2,008 million → CAD 153,6 million) (USD 1,442 million → USD 1,122 million) Performance fees from the Monex Activist Fund continued to be recognized, but the fees decreased quarter-on-quarter. 3iQ's assets under management have decreased due to the decline in crypto asset prices. * Figures in parentheses indicate the variance from the previous quarter (JPY million) Quarterly total operating revenue after deducting financial expenses and cost of sales -1.5% (-38) Total operating revenue after deducting financial expenses and cost of sales 27 1,408 1,241 1,726 2,327 2,251 192 243 250 257 295 1,600 1,483 1,976 2,585 2,546 0 500 1,000 1,500 2,000 2,500 3,000 2025/3 3Q 2025/3 4Q 2026/3 1Q 2026/3 2Q 2026/3 3Q
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【Asset & Wealth Management Business】 QoQ Comparison (3 months) Analysis: SG&A ■ Other (-10) ■ Advertising expenses (-69) ■ Communication, freight and information expenses (+2) ■ Commissions paid, exchange and association dues (+56) ■ Compensation and benefits (-68) ■ System related expenses (-13) Total SG&A -5.7% (-102) *Figures in parentheses indicate the variance from the previous quarter (JPY million) Total SG&A (JPY million) As revenue decreased quarter-on-quarter, variable costs such as advertising expenses and compensation and benefits declined. Overall expenses continued to be appropriately controlled. 28 187 172 169 201 188 425 619 501 766 698 360 381 401 471 527 23 24 26 24 26 100 40 89 189 120 131 78 207 138 128 1,226 1,314 1,394 1,789 1,687 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 2025/3 3Q 2025/3 4Q 2026/3 1Q 2026/3 2Q 2026/3 3Q
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(JPY million) 【Asset & Wealth Management Business】 Quarterly Operating Income and Profit Attributable to Owners of the Company Quarterly Operating Income and Profit Attributable to Owners of the Company (Five-Quarter Trend) Operating Income and Profit Attributable to Owners of the Company (3Q of FYE Mar. 2026) 29 373 169 582 795 859 291 79 719 73 640 2025/3 3Q 2025/3 4Q 2026/3 1Q 2026/3 2Q 2026/3 3Q Operating income Quarterly profit attributable to owners of the Company 859 177 640 -70 -322 -3 Operating income Profits of equity method investment Other income / expenses Income tax expense Profit attributable to owners of the company Profit attributable to non- controlling interests Profits of equity method investment in Westfield *1 ¥227 million of amortization of identifiable intangible assets for the three-month period is included..
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― YoY Comparison 30
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YoY Comparison (9 months) Consolidated Performance (JPY million) FYE Mar. 2025 (Apr. 2024 – Dec. 2024) FYE Mar. 2026 (Apr. 2025 – Dec. 2025) Variance Rate of change Total operating revenue after deducting financial expenses and cost of sales 50,568 54,207 +3,638 +7% SG&A 46,319 46,228 -91 -0% The amount equivalent to operating income 4,249 7,978 +3,729 +88% Other income / expenses (net) -10,437 4,684 +15,122 - Profits of equity method investments 1,733 2,286 +553 +32% Profit before income taxes -6,188 12,663 +18,851 - Profit attributable to owners of the Company -5,835 8,012 +13,847 - *1 One-time professional fees related to De-SPAC recorded in Coincheck Group N.V. are included (3,374 million yen). *2 One-time share-based compensation related to De-SPAC is included (13,714 million yen). *3 Profits of equity method investment in Monex Securities (1-3Q of FYE Mar. 2025: 1,767 million yen, 1-3Q of FYE Mar. 2026: 1,527 million yen) *4 Unrealized gain on securities in online brokerage segment (1,450 million yen). Including a fair value loss of 318 million yen on the Westfield Capital Management earn-out and a gain on sale of 234 million yen from Win Securities. *5 Profits of equity method investment in Westfield Capital Management (600 million yen). *3 *4 *3 *5 31 *1 *2
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(JPY million) Online Brokerage Crypto Asset Asset Management- Wealth Management Investment 2025/3 3Q 2026/3 3Q 2025/3 3Q 2026/3 3Q 2025/3 3Q 2026/3 3Q 2025/3 3Q 2026/3 3Q Total operating revenue after deducting financial expenses and cost of sales 33,564 34,484 9,923 10,158 4,519 7,106 -214 200 SG&A 27,133 27,463 10,960 10,193 3,850 4,870 103 78 The amount equivalent to operating income 6,431 7,021 -1,037 -34 668 2,236 -317 122 Other income / expenses (net) 1,833 2,991 -13,271 482 55 171 -29 173 Profits of equity method investments 1,767 1,527 - -1 - 600 -28 173 Profit before income taxes 8,264 10,012 -14,308 448 723 2,408 -346 294 Profit attributable to owners of the Company 6,999 7,841 -12,710 -526 463 1,432 -194 232 Note See P33 “Operating Revenue” for more details See P34 “SG&A” for more details See P37 “Operating Revenue” for more details See P38 “SG&A” for more details See P39 “Operating Revenue” for more details See P40 “SG&A” for more details YoY Comparison (9 months) Segment Performance *1 Profits of equity method investment in Monex Securities. *2 Unrealized gain on securities in online brokerage segment (1,450 million yen) *3 One-time professional fees related to De-SPAC recorded in Coincheck Group N.V. are included (3,374 million yen). *4 One-time share-based compensation related to De-SPAC is included (13,714 million yen). *5 RSU (Restricted Stock Units) granted to executives and others of the Coincheck Group N.V. 935 million yen is included. *6 Valuation loss resulting from changes in the fair value of warrant liabilities due to the rise in the Coincheck Group’s share price (-139 million yen). Also includes 243 million yen in criminal property damage recovery payment provided by the criminals regarding the XEM outflow incident that occurred in January 2018. *7 Profits of equity method investment in Westfield Capital Management (600 million yen). *2 *1*1 *7 *5 *6 32 *3 *4
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【Online Brokerage Business】 YoY Comparison (9 months) Analysis: Operating Revenue (USD) * Figures in parentheses indicate the variance from the previous year（USD thousand） Commissions increased due to higher trading volumes in options. Despite reduced interest income on customer cash primarily due to lower interest rates, net financial income showed strong growth driven by record setting securities lending income. 33 72,033 74,616 48,887 50,933 95,656 101,584 3,400 3,755 219,975 230,889 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 220,000 240,000 2025/3 3Q 2026/3 3Q ■ Other (+355) ■ Net financial income (+5,928) ■ Other commissions (+2,046)* ■ Brokerage commissions (+2,584)* * Average VIX：16.2 → 19.1 (+2.9ppt) DARTs YoY：224,710 → 230,179 (+2%) DARTs YoY (Equities)：-3% DARTs YoY (Options)：+17% DARTs YoY (Futures)：+5% (USD thousand) Total operating revenue after deducting financial expenses and cost of sales +5.0% (+10,914) Total operating revenue after deducting financial expenses and cost of sales
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【Online Brokerage Business】 YoY Comparison (9 months) Analysis: SG&A (USD) Information expenses increased due to higher cloud costs and decreased market data billing.*1*2 While commissions and compensation expenses increased due to strong revenue performance, overall expenses have been appropriately controlled. 34 ■ Other (-1,140) ■ Advertising expenses (+462) ■ Amortization and depreciation (+188) ■ Communication, freight and information expenses (+2,545)*1 *2 ■ Commissions paid and association dues (+2,017) ■ Compensation and benefits (+1,981) *1 TradeStation has been charging its customers for futures market data fees. *2 Costs associated with cloud redundancy and the expansion of capacity for development and testing of new products. (USD thousand) 76,178 78,159 30,862 32,880 11,418 13,963 17,318 17,505 19,425 19,887 22,627 21,487 177,828 183,881 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000 2025/3 3Q 2026/3 3Q Total SG&A Total SG&A +3.4% (+6,053) * Figures in parentheses indicate the variance from the previous year（USD thousand）
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【Online Brokerage Business】(Equity-method affiliate) Monex Securities YoY Comparison (9 months) Analysis:Net Operating Revenue ■ Other (+338) ■ Mutual funds related revenues (+1,026)*1 ■ FX & fixed income (-45) *2 ■ Net financial income (+61) *3 ■ Brokerage commissions (+826) *4 (JPY million) *1 Mutual Fund Balance (average) : ¥ 1.8 trillion -> 2.2 trillion (+20%) *2 Forex revenue -479, Bond related revenue +245, Investment gains on clients’ USD cash deposit +236 *3 Net financial income of margin trading -1,003, Net financial income of stock lending +136 (Dividend received +37), Customer Segregated Funds Trust +1,069 *4 Brokerage commission from Japan equities +760 Brokerage commission from U.S. equities +137 Significant revenue growth in Mutual funds related revenues due to increased account acquisitions and mutual fund balances through the alliance strategy with NTT DOCOMO. Brokerage commissions also rose amid robust trading activity. Net operating revenue (JGAAP) Net operating revenue +10.5 %（+2,207） * Figures in parentheses indicate the variance from the previous year (JPY million) 35 7,977 8,803 8,682 8,743 6,566 6,520 4,760 5,786 1,253 1,59229,239 31,447 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 2025/3 3Q 2026/3 3Q
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【Online Brokerage Business】(Equity-method affiliate of the company) Monex Securities YoY Comparison (9 months) Analysis: SG&A ■ Other (+64) ■ Advertising expenses (+307)*1 ■ Communication, freight and information expenses (+74) ■ Commissions paid, exchange and association dues (+598) ■ Compensation and benefits (+296) ■ System related expenses (+547) *1 The number of new account openings : +20.2%（+26,535) Commissions paid increased due to the active stock trading, while system-related expenses rose due to the strengthening of security measures. Total SG&A (JGAAP) Total SG&A +8.0%（+1,889） * Figures in parentheses indicate the variance from the previous year (JPY million) (JPY million) 36 8,780 9,328 3,383 3,680 5,945 6,544 1,259 1,3342,201 2,5081,911 1,97523,481 25,370 0 5,000 10,000 15,000 20,000 25,000 30,000 2025/3 3Q 2026/3 3Q
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【Crypto Asset Business】 YoY Comparison (9 months) Analysis: Operating Revenue The decrease in net trading revenue due to lower trading volume at the marketplace was offset by the growth of net staking income. Marketplace Trading Value 3Q of FYE Mar. 2025 ¥245.6B 3Q of FYE Mar. 2026 ¥243.9B *1 * Figures in parentheses indicate the variance from the previous year (JPY million) Total operating revenue after deducting financial expenses and cost of sales +2.4% (+236) Total operating revenue after deducting financial expenses and cost of sales ■ Other (+97) ■ Net staking income (+684) ■ Net trading income (-545)*1 37 8,663 8,118 684 1,259 1,356 9,923 10,158 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 11,000 2025/3 3Q 2026/3 3Q (JPY million)
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1,156 1,738 2,174 3,526319 265 575 877 1,265 1,224 2,097 2,5643,374 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 11,000 12,000 2025/3 3Q 2026/3 3Q 【Crypto Asset Business】 YoY Comparison (9 months) Analysis: SG&A Coincheck Group's listing on Nasdaq led to an increase in business expansion-related expenses, including compensation and benefits and professional fees. ■ One-time professional fees related to De-SPAC which was recorded in Coincheck Group N.V. (-3,374) ■ Other (+467) ■ Advertising expenses (-41) ■ Communication, freight and information expenses (+301) ■ Commissions paid (-54) ■ Compensation and benefits (+1,352) ■ System related expenses (+582) Total SG&A Total SG&A -7.0% (-767) * Figures in parentheses indicate the variance from the previous year (JPY million) 38 10,960 10,193 (JPY million) One-time professional fees related to De-SPAC which was recorded in Coincheck Group N.V.
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【Asset & Wealth Management Business】 YoY Comparison (9 months) Analysis: Operating Revenue *1 Assets Under Management (Quarter-End Balances) Monex Asset Management : Robo-advisor services: ¥103.0billion → ¥132.4 billion Monex Activist Fund: ¥25.3 billion → ¥48.7billion Institutional investors/corporate clients: ¥552.7 billion → ¥811.7 billion 3iQ Digital Holdings： ¥168.9 billion → ¥175.5 billion (CAD 1,545 million → CAD 1,536 million) (USD 1,077 million → USD 1,122 million) Total operating revenue after deducting financial expenses and cost of sales Total operating revenue after deducting financial expenses and cost of sales +57.3%（+2,588） * Figures in parentheses indicate the variance from the previous year (JPY million) ■ Wealth management (+129) ■ Asset management (+2,459)*1 (JPY million) The performance of the Monex Activist Fund has been strong, with a significant increase in success fees. Assets under management of each asset management company have also grown steadily. Wealth management business also performed steadily. 39 3,845 6,304 674 802 4,519 7,106 0 2,000 4,000 6,000 8,000 2025/3 3Q 2026/3 3Q
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【Asset & Wealth Management Business】 YoY Comparison (9 months) Analysis: SG&A ■ Other (+96) ■ Advertising expenses (+75) ■ Communication, freight and information expenses (+11) ■ Commissions paid, exchange and association dues (+337) ■ Compensation and benefits (+475) ■ System related expenses (+26) (JPY million) Total SG&A The increase in assets under management has led to higher commissions paid and bonus expenses. Overall, the increase in costs was limited relative to the increase in revenue. 40 * Figures in parentheses indicate the variance from the previous year (JPY million) Total SG&A +26.5%（+1,019） 532 558 1,490 1,965 1,063 1,40066 76 323 398 376 4733,850 4,870 0 1,000 2,000 3,000 4,000 5,000 2025/3 3Q 2026/3 3Q
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― Shareholder Distribution 41
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Additional Shareholder Distribution Overview of Share Buyback and Dividend Our Basic Policy for Shareholders Distribution 1. The Company pays the minimum annual dividend of 30 yenper share. 2. In addition, if 50% of profit attributable to owners of the Company per share exceeds the minimum amount stated in 1. above, then the minimum dividend payment shall be 50% of profit attributable to owners of the Company per share. 3. The Company conducts share buyback in response to circumstances. Overview of the Completed Share Repurchase Overview of Dividend (Dividend per share) (1) Total Cost for Repurchase Up to ¥5,000,000,000 (2) Repurchase Period From July 29, 2024 to June 30, 2025 (3) Progress: Completed (Ended on May 1, 2025) Aggregated amount: About ¥5 billion FYE Mar. 2026 Interim Year-end Total Forecast - ¥15.30 ¥30.60 Actual ¥15.30 - - The forecast dividend per share at the end of the FYE Mar. 2026 is ¥15.30. 42
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105% 105% 65% 334% 264% 154% 250% 474% 0% 100% 200% 300% 400% 500% 2018/3 2019/3 2020/3 2021/3 2022/3 2023/3 2024/3 2025/3 Monex Group, Inc.(dividend included) TOPIX(dividend included) 2.6 3.7 2.7 2.7 4.5 7.6 7.8 8 15.1 15.3 2.6 6.3 2.7 3.2 7.5 7.7 7.9 15.0 15.2 15.3 10.0 0 15 30 45 FYE Mar. 2017 FYE Mar. 2018 FYE Mar. 2019 FYE Mar. 2020 FYE Mar. 2021 FYE Mar. 2022 FYE Mar. 2023 FYE Mar. 2024 FYE Mar. 2025 FYE Mar. 2026 Interim Year-end Special Shareholder Distribution (Actual and Forecast) *2 The profit from the sale and valuation of the shares in DOCOMO Monex Holdings was excluded. *3 One-time fees related to De-SPAC listing of Coincheck Group N.V. was excluded. (JPY million) 0% 8% 1% 4% 17% 13% 3% 27% -4% 3% 8% 7% -5% 5% 15% 25% ROE（％） ROE(Based on actual performance*) FYE Mar. 2017 FYE Mar. 2018 FYE Mar. 2019 FYE Mar. 2020 FYE Mar. 2021 FYE Mar. 2022 FYE Mar. 2023 FYE Mar. 2024 FYE Mar. 2025 (JPY) 30.6 Dividend Per Share TSR (Total Shareholders Return: five-year basis) Return to Shareholders ROE (Return on Equity) (Forecasted) The total return to shareholders on equity*1 over the past 2 years was 15.7%.*1 Total return to shareholders on equity = (total dividends paid + total value of share repurchase) / shareholders’ equity *2 *3 1,459 2,721 1,435 1,510 3,092 4,010 4,111 5,924 7,715 3,846 3,846 2,527 1,000 4,030 2,000 3,389 5,000 3,959 1,041 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 FYE Mar.2017 FYE Mar.2018 FYE Mar.2019 FYE Mar.2020 FYE Mar.2021 FYE Mar.2022 FYE Mar.2023 FYE Mar.2024 FYE Mar.2025 FYE Mar.2026 Amount of dividends (Ordinary) Amount of dividends (Special) Amount of acquisition of own shares Interim Year- end 43
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Ⅲ. Business Update 44
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Toward the Further Growth of Monex Group Business segment Business environment / Trend Market features Role of each segment / Growth strategy Medium- to long-term growth / Concept of contribution to the Profit Crypto Asset Asset Management / Wealth Management Online Brokerage • On-chain transformation of traditional finance • Emergence of various crypto related businesses • Leveraging AI for trading, asset and risk management • Cabinet decision on the Outline of Tax Reform in Japan (Dec. 26, 2025) • Market restructuring primarily through M&A • Enhancing investment and risk management capabilities • Generating alpha by utilizing AI Role Driver of future exponential growth Strategy Synergy creation across segments, M&A Role Medium- to long-term profit engine Strategy Organic growth, M&A, synergy creation across segments Role Core business driving stable growth Strategy Organic growth, synergy creation across segments • Expansion of the new NISA scheme in Japan • Acceleration of cross-industry collaboration through APIs • Improving operational efficiency and enhancing customer experience through AI utilization Advanced / Change: rapid Traditional / Change: gradual At present Online Brokerage Asset Management Crypto Asset 45 Monex Group aims to strengthen its earnings foundation by leveraging the robust online brokerage business, the asset management business as a medium- to long-term profit engine, and the crypto asset business as a driver of exponential growth.
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Assets Under Custody in Monex Group Assets under Custody of Major Group Companies*1 Major Monex Group companies' total assets under custody increased to 13.8 trillion yen, steadily expanding the Group's business base. 46 *1 Deduct U.S. dollar cash and U.S. equities balance in custody held by Monex Securities’ customers deposited in TradeStation. (Trillion JPY) 0 2 4 6 8 10 12 14 16 Mar.31, 2021 Sep 30, 2021 Dec 31, 2021 Mar. 31, 2022 Mar. 31, 2022 Jun 30, 2022 Sep 30, 2022 Dec 31, 2022 Mar. 31, 2023 Jun 31, 2023 Sep 30, 2023 Dec 31, 2023 Mar. 31, 2024 June 30, 2024 Sep 30, 2024 Dec 31, 2024 Mar. 31, 2025 June. 30, 2025 Sep. 30, 2025 Dec. 30, 2025 Monex Securities TradeStation Coincheck T¥13.8
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*1 Requirements to qualify as target customers : At least one month within a rolling 12-month period,> $200k Assets under custody, or > 100k Equities shares traded, or > 500 Options contracts traded, or > 500 Futures contracts trades, or > $500 revenue (excluding interest) The number of target customers*1 has been growing steadily. TradeStation continues to pursue expanding customer base through outbound sales and API integration with third parties. 【Online Brokerage Business】TradeStation 1/4 Revenue from Target Customers*1Number of Target Customers*1 （USD Million） Revenue from target customers Revenue from target customers (net interest from customer cash excluded) 47 16,569 16,606 16,552 16,471 16,539 16,701 16,958 17,356 17,804 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FYE Mar. 2024 FYE Mar. 2025 FYE Mar. 2026 56.9 60.4 60.6 60.5 58.8 61.6 55.1 59.5 61.5 37.1 40.5 41.4 40.8 39.8 43.9 38.2 42.6 45.5 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FYE Mar. 2024 FYE Mar. 2025 FYE Mar. 2026
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TradeStation continues to strengthen its futures and options offerings to meet the needs of active traders. This quarter continues to show consistent growth in complex options, following last quarter’s trend. 【Online Brokerage Business】TradeStation 2/4 Growth in Complex Options Complex Options RatioContracts Traded *1 Contracts traded represent the number of contracts and not the number of trades. 48 *1 9,102 8,698 9,257 11,130 12,986 2,588 2,466 2,927 3,945 4,178 2025/3 3Q 2025/3 4Q 2026/3 1Q 2026/3 2Q 2026/3 3Q 22% 22% 24% 26% 24% 11,690 11,165 12,184 15,075 17,164 Complex options contractsSingle leg options contracts(Unit: USD thousand) Since complex options include multiple legs within one trade, increase of the number of contracts traded leads to higher profitability.
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Despite the decline in interest rates, interest income remained relatively stable. Customer cash deposits also remained stable. 【Online Brokerage Business】TradeStation 3/4 Interest on Cash ・Interest income from customer cash deposits ($2.3B, average for the 3Q) benefits TradeStation and is recorded as net financial income. ・About 58% of cash invested at fixed rates to prepare for potential decline in US interest rates in the future. ・A 0.25% change in the Fed Funds rate would result in a change in net interest income of approximately $2.8M per year. This impact is on both customer and firm funds, swaps, and interest sharing expense with customers. The percentage of floating rate and fixed rate on investment on cash (As of the end of December 2025) Interest on customer cash and Fed Funds rate (Unit: USD Million) Fixed rateFloating rate 58％42％ 49 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 0 5 10 15 20 25 30 3Q 4Q 1Q 2Q 3Q FYE Mar. 31, 2025 FYE Mar. 31, 2026 Interest on customer cash Fed funds rate
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【Online Brokerage Business】TradeStation 4/4 TradeStation continues to enhance the customer experience through next-generation platform and AI- powered innovation. TradeStation wins #1 innovation award in StockBrokers.com 2026 annual industry awards. 50 Launched in FYE26Q3, TradeStation MCP enables customers to connect their accounts to AI large language models (LLMs). Traders can leverage AI to perform complex analysis, build unique visualizations, and execute trades— unlocking unprecedented possibilities for AI- powered workflows. TITAN X is our new flagship trading platform, fully live to all customers as of FYE26Q3. Early customer feedback has been overwhelmingly strong, validating our modernization strategy and positioning TITAN X as the foundation for TradeStation's next generation of trading capabilities. TradeStation MCP Innovative AI Access TITAN X Launch Platform Modernization TradeStation was awarded 1st place for the Innovation Award largely due to the release of the TradeStation MCP. TradeStation was also honored as best in class across four categories: Active Traders, Advanced Trading, Options Trading, and Futures Trading. Awards in StockBrokers.com TradeStation Wins #1 for Innovation Award
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16,034 47,156 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 2,570 2,869 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 2018/3 2019/3 2020/3 2021/3 2022/3 2023/3 2024/3 2025/3 2025/6 2025/9 2025/12 Mutual Fund Others Japanese Equities Foreign Equities 【Online Brokerage Business】Monex Securities 1/3 Assets under custody expanded to JPY 10.7 trillion. Monthly new account openings in January 2026 reached a record high of 47 thousands accounts since the company’s founding. Going forward, we will continue to expand our business foundation through the promotion of the asset gathering model. 51 Monthly New Accounts Acquired（Unit: accounts） Total Accounts Customer Assets at Monex Securities 202X/3 10.7 Trillion JPYAdvocated asset gathering model in 2020 3.7 Trillion JPY 15 Trillion JPY 5 Million accounts (Unit: thousand accounts)
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【Online Brokerage Business】Monex Securities 2/3 d ACCOUNT d Payment app “Easy Asset Management” Key Features of This Service UI/UX tailored to the "d Payment" app Simplified account opening Simplified product selection d Points rewards 【NEW】Spot purchases of mutual funds using d Points Monex Securities account acquisition and increase in assets under custody 【NEW】In-Person Support at NTT DOCOMO Retail Stores Starting January 2026 at selected stores ■ Support for account opening procedures and NISA applications ■ Support for operations and settings related to Periodic purchasing service with d CARD and d ACCOUNT linkage Periodic purchasing service with d CARD* Use d Points* to buy mutual funds *1 Financial Portal Site Provided by NTT DOCOMO In addition to expanding our “Easy Asset Management” service, account opening support at DOCOMO retail stores was launched in January 2006. Monex Securities will accelerate our collaboration with NTT DOCOMO to drive account acquisition and increase assets under custody. 52
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Launched trading in U.S. equities and U.S. ETFs 【Online Brokerage Business】Monex Securities 3/3 Monex Securities will revamp U.S. equity trading services in February 2026. Leveraging the expertise gained from being an early pioneer in U.S. equity trading since 2008, Monex Securities will further enhance customer convenience. 53 2010 2015 2020 2026 August 2008 June 2011 TradeStation joined our group Implemented TradeStation’s systems Began offering extended- hours trading November 2012 December 2013 Began offering designated tax accounts Reduced minimum trading commissions for U.S. equities July 2019 January 2023 Launched voting rights (proxy voting) services for U.S. equities February 2026 ・・・ Overview of the Renewal ①Renewal of the smartphone app From trading and account management to recurring investments—all completed within the app. ③Seamless fund transfers U.S. equity trading available with JPY deposits, enabling faster fund availability. ④Expanded margin trading features Enhanced fund management and order functionality with no USD transfers required ②Improved usability on web browsers After logging into the securities account, users can quickly begin trading through intuitive operations. February 2020 March 2017 Launched a dedicated smartphone app for U.S. equity trading Launched “Stock Scouter (U.S. equities)” Launched margin trading for U.S. equities
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【Crypto Asset Business】The Future Outlook of Coincheck Group As cash, equities, bonds, crypto assets, and intellectual property are all expected to become tokenized, Coincheck Group’s long-term goal is to provide integrated tokenized financial services on a global scale. Current and Future Landscape of Financial Assets and IP etc Institutional Capability Reinforcement Current Future 54 In a world where tokenization, distinct regulations and rules of each country and region are expected to be unified. Each country and region has its own regulations and frameworks governing transactions in financial assets and IP, resulting in significant restrictions. Individuals, corporations, and institutional investors, etc. Individuals, corporations, and institutional investors, etc. Securities ・ Bank Crypto asset exchange agency Company Traditional financial assets Crypto asset IP/RWA Subjectof transaction Administrators Traditional financial assets Crypto asset IP/RWA Access to financial assets and IP is subject to different regulations, rules, and administrators. Distinct regulations, rules, and administrators across countries and regions are being unified. Group Capabilities Prime brokerage and execution Staking and yield infrastructure Institutional trading and custody support Asset Management • Uniquely positioned for institutional crypto adoption Leveraging global ETF and institutional investment experience alongside local market leadership. • Integrated institutional capability stack Exchange access, custody, staking, and investment management capabilities aligned for the Japanese market. Institutional Use Cases in Japan *1 3iQ will be transferred to the Crypto Asset business segment in April 2026. The transfer of 3iQ*1 to Crypto Asset business segment further strengthens the Group’s institutional business. Coincheck Group aims to provide integrated tokenized financial services by leveraging synergies among group companies as well as through global M&A.
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【Crypto Asset Business】Coincheck 1/3 With a strong and proven leadership in the retail market, Coincheck is well positioned for continued growth. Leveraging synergies across the Coincheck Group, Coincheck aims to further expand its offerings for both corporate customers and institutional investors. 55 Business model Brands・ key Services / products Coincheck’s moat Market trends・ maturity Growth strategy for each business BtoC BtoB BtoB toC BtoC BtoB BtoB toC BtoC BtoB BtoB toC Further Focus Ahead Marketplace Exchange Staking Large Volume OTC Asset Lock Custody IEO NFT OnRamp Strong Customer Base and Customer Assets 2.48M Accounts※1 950B※1 Customer Assets Group Synergies and Strategic Partnerships within Coincheck Group Industry-leading Achievements and a Broad Product Lineup *1 As of December 31, 2025 Leveraging strong UI/UX and a broad product lineup, Coincheck aims to expand its customer base, enhance LTV, and grow market share in Japan through strategic corporate alliances. Coincheck aims to grow by expanding custody and asset lock for digital asset treasury companies and advancing its institutional business by leveraging group synergies. We will remain committed to driving initiatives that broaden our customer reach. Spot trading at crypto exchange and staking services are already widespread. While there is some level of demand, the market is still immature. The number of digital asset treasury companies is increasing. There is an expectation for institutional investors to broaden its exposure. Maturity (High) Maturity (Low)
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23% 77% ¥0.95T 18% 82% 2.48M 【Crypto Asset Business】Coincheck 2/3 *3 Among Japanese crypto asset exchange apps. Term: 2019-2025. Data source: AppTweak. *4 As of December 31, 2025. Monthly crypto asset trading status table of JVCEA. Data source: https://jvcea.or.jp/about/statistics/ No.1 domestic market share for 7 consecutive years 7.90 M DLs*4 Share by Accounts*5 Share by Customers’ Assets in Custody*5 Total 13.8M App Downloads ■ Coincheck ■ Other Japanese exchanges ■ Coincheck ■ Other Japanese exchanges Starting from the business alliance with Mercoin, Coincheck strengthens its alliance strategy to drive substantial growth in domestic market share. A Business Alliance with Mercoin, Inc*1. Coincheck’s Market Leadership in Japan Account opening and trading will be enabled on Mercari’s*2 crypto asset platform, driving further customer acquisition*3. *1 Mercoin, Inc. is a subsidiary of Mercari, Inc. *2 “Mercari” here refers to the Mercari mobile application, not Mercari, Inc. *3 Users will be able to conduct crypto‐asset trading with Coincheck as the counterparty via Mercoin acting as an intermediary users . 56 Total ¥4.14T
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【Crypto Asset Business】 Coincheck 3/3 57 Track Record of IEO Implementations Led by Coincheck Start of trading: July 2021 Total offering amount: Approximately JPY 22.4 B Total sales: JPY 0.9 B Oversubscription ratio : 24.11 times*5 1st IEO：PLT*1 2nd IEO：FNCT*2 Start of trading: March 2023 Total offering amount: Approximately JPY 20.0 B Total sales: JPY 1.1 B Oversubscription ratio: 18.78 times*5 3rd IEO：BRIL*3 Start of trading: June 2024 Total offering amount: Approximately JPY 33.3 B Total Sales: JPY 1.5 B Oversubscription ratio: 22.04 times*5 4th：FPL*4 Start of trading: November 11 2025 Total offering amount: Approximately JPY 9.1 B Total sales: JPY 1.0 B Oversubscription ratio: 9.06 times*5 *1 Palette press release: https://www.monexgroup.jp/en/news_release.html#2021_all *2 FINANCIE press release: https://www.monexgroup.jp/en/news_release/irnews/auto_20230222516365/pdfFile.pdf *3 BRIL press release: https://www.monexgroup.jp/en/news_release/irnews/auto_20240528509964/pdfFile.pdf *4 FPL press release: https://www.monexgroup.jp/en/news_release/irnews/auto_20251017575521/pdfFile.pdf https://www.monexgroup.jp/en/news_release/irnews/auto_20251017575521/pdfFile.pdf *5 The total application amount divided by the total offering amount Coincheck has the largest track record of IEO implementation in Japan. The fourth IEO, for Fanpla Inc., was conducted in November 2025.
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【Crypto Asset Business】 Next Finance Tech 58 Next Finance Tech has been designated as a Node-as-a-Service (NaaS) provider for the Canton Network. As part of global efforts to establish next-generation financial infrastructure, the company will play a key role in supporting network stability as a validator, while also delivering outsourced node operation services*1 for other participants. Canton Network NEXT Finance Tech’s Role and Initiatives 700K+ Daily Transaction 600+ Organizations $4B+ Market Cap • The Canton Network is the only public and permissionless blockchain specifically designed for institutional investors. • It enables the real-time and secure synchronization and settlement of multiple asset classes on a common, interoperable infrastructure. • Certain U.S. financial institutions have already executed 24/7 transactions utilizing tokenized U.S. treasuries. • Leading global financial institutions, including Goldman Sachs, HSBC, and BNP Paribas, together with major financial infrastructure organizations such as DTCC, join the initiative. × • Next Finance Tech is participating in the Canton Network as a validator. The company will contribute to the development of a new global financial infrastructure that bridges traditional financial markets and decentralized finance, while also supporting the stable operation of the network. • Next Finance Tech has been officially designated as a Node-as-a-Service (NaaS) provider for the Canton Network, enabling it to manage node operations for other participants. The company has already begun discussions with several organizations toward the launch of outsourced node operation services. Q3 Highlight *1 Node operation: ensuring the stable and proper functioning of consensus mechanisms for transaction validation on the blockchain.
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【Asset & Wealth Management Business】 Monex Asset Management Trends in Assets Under Management (AUM)by Product (JPY billion) A robo-advisory service that constructs portfolios using a mathematical approach emphasizing logic and objectivity. Eligible for the NISA (tax- exempt small investment scheme) and delivering strong performance, AUM reached ¥135.2 billion *2. ■ “ON COMPASS” Series ■ Monex Activist Fund (MAF) Engagement fund managed by Monex Asset Management with advice from Japan Catalyst Inc. (the Company’s wholly-owned subsidiary). Driven by strong performance, AUM reached ¥53.4 billion *2. ■ Asset Management for Institutional Investors *1 As of the end of December 2025 Investment Products Assets under management surpassed 1 trillion yen and the Company aims for further growth.The Monex Gold Fund was launched in December 2025, and AUM reached ¥2.8 billion within two months of launch. 59 0 200 400 600 800 1,000 2021/3/31 2022/3/31 2023/3/31 2024/3/31 2025/3/31 Monex Activist Fund “ON COMPASS” Series Institutional 692 542 61 2026/1/31 Private investment funds were structured for financial institutions in metropolitan and regional areas. Through consulting-based sales tailored to individual needs, the company gained strong support from institutional investors, contributing to an increase in AUM. In fiscal year 2025, the firm ranked 8th *1 out of 91 companies in terms of fund inflows for domestic private investment funds. ■ Monex Gold Fund The fund aims to achieve investment results comparable to movements in physical gold prices.Supported by rising gold prices, sales have been strong, and assets under management reached ¥2.8 billion *2 within two months of launch *2 As of the end of January 2026 1,084 181 21
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【Asset & Wealth Management Business】 Monex Asset Management, Japan Catalyst, Inc 60 Key Features of the Monex Activist Fund Comparison of Performance Monex Activist Mother Fund (MAMF) and TOPIX, and Trends in Net Asset Value *1 Monex Activist Fund *2 Tokyo Stock Exchange, Inc. *3 As of the end of January 2026. （JPY billion） The MAF*1 contributes to capital market revitalization through holistic engagement with investee companies, the TSE*2, and the government. The assets under management reached ¥53.4 billion*3. Based on the fund inception date (April 9, 2020), outperforming TOPIX*4 *4 The Monex Activist Fund does not set TOPIX as a benchmark and includes it for reference only. Investment Management Structure Managed by Monex Asset Management with advice from Japan Catalyst Inc. Selective Investment Invests in a relatively limited number of stocks selected through a bottom-up approach that emphasizes in-depth analysis of individual companies. Holistic Engagement Engages in dialogue not only with target companies but also with the TSE and the government, with the aim of enhancing corporate value and shareholder value over the medium to long term. 0 10 20 30 40 50 60 1.00 1.50 2.00 2.50 3.00 3.50 4.00 Assets Under Management of Mother Fund (right axis) (Mother Fund Price-MAMF) TOPIX（left axis） MAMF：＋276％ TOPIX：＋175％ 2025/12/312020/4/9
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0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 0 500 1,000 1,500 2,000 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q Average AUM for the Quarter Blended Management Fee Ratio ETFs listed on the Toronto Stock Exchange are performing well. ■April 2025 Listing: SOL*2 AUM: CAD 214 million Market Share*4: approximately 64% ■June 2025 Listing: XRP*2 AUM: CAD 134 million Market Share*4: approximately 47% Asset Under Management 【Asset & Wealth Management Business】 3iQ Digital Holdings Inc. The market share of ETFs listed on the Toronto Stock Exchange SOL*2 ETF share XRP*2 ETF share (CAD Million) 3iQ Digital Holding Inc. is capturing the crypto asset investment needs of institutional investors worldwide through distinctive product offerings. Furthermore, the AUM*1 of the ETFs for SOL*2 and XRP*2, which are listed on the Toronto Stock Exchange, secures and maintains a high market share. *1 Asset Under Management *2 SOL＝Solana, XRP＝Ripple *3 Quarterly average balance of AUM *4 The market share of ETFs for each cryptocurrency listed on the Toronto Stock Exchange (as of the end of December 2025) 61 64% 20% 13% 4% 3iQ A B C 47% 39% 14% 3iQ X Y *3 FYE Mar. 2024 FYE Mar. 2025 FYE Mar. 2026 1,698 1,050
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2024/12 2025/3 2025/6 2025/9 2025/12 24.824.9 21.6 24.0 【Asset & Wealth Management Business】 Westfield Capital Management Company, L.P 62 The assets expanded through strategic sales efforts within the sub advisory and retirement channels 25.4 Location : Boston, Massachusetts, U.S.A. Assets*1: $25.4 billion（as of the end of December 2025） Investment Strategy : Managing US Growth stocks across the Market Cap spectrum Annual Operating Revenue : More than $100 million（2025） *1As of December 31, 2025, Non-Discretionary Assets Under Advisement (AUA) represent $1 billion of the $25.4 billion in total assets. Overview of Westfield Capital Management Company, L.P. Historical Assets*2 (Unit : $ billions) Westfield Capital Management Company, L.P., which became an equity-method affiliate in April 2025, continues to show strong Assets*1 and performance. *2 Balance at the end of each month includes Discretionary and Non-Discretionary Assets.
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【Investment Business】 63 Investing in startups utilizing cutting-edge technologies to help shape the future of individual lifestyles and society. As of Dec. 31, 2025, the total size of the funds amounted ¥9.06 billion, and the funds have invested in 142 startups to date. Overview Fund size (as of Dec. 31, 2025) Total number of investments (as of Dec. 31, 2025) MV I Investment Limited Partnership MV II Investment Limited Partnership Tokyo Wellness Impact Fund Uncovered Monex Africa Investment Partnership Monex Ventures, Inc. With a primary focus on fintech, the fund’s investment policy is to invest in companies that leverage the internet to transform existing industries and have a significant impact on individual lifestyles. Focus on seed- to early-stage companies in Japan, excluding space and biotechnology sectors. Focus on seed- to early-stage companies in Japan, excluding space and biotechnology sectors. Investments in startups addressing wellness-related social challenges in Tokyo and across Japan. Primary focus on companies operating in the Africa and MENA regions. Funds ¥2.7B 58 startups ¥1.5B 34 startups ¥4.0B 13 startups ¥0.9B 7 startups - 30 startups Growth and ExitInvestment
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Sustainability Initiatives 64 Multiple initiatives were implemented during the quarter in accordance with the materiality matrix defined by our Group. Key Initiatives During the QuarterOur Group’s Materiality Matrix Corporate Governance Financial Inclusion Customer Usability Human Rights Establishment of the Regulations for Global Whistleblowing The internal regulations governing the use of the group-wide global whistleblowing channel that had been long made available for cross-group use were established. Continued raising awareness of the Harassment, Human Rights, and Distress Consultation Desk This consultation desk is designed to allow individuals to choose an internal or external contact they feel comfortable speaking with so as to minimize psychological barriers prior to seeking consultation and to enable early support. ⇒Consultations are accepted from full-time, contract, temporary, and part-time workers, as well as from third parties such as family members, in order to ensure psychological safety and strengthen governance. Shared Coincheck’s initiatives on our corporate website*1 • Improving Capital Access and Delivering Social Value with the Best IEO Track Record in Japan • Why Coincheck Never Goes Astray: The UI/UX Design Philosophy Driving Japan’s Number One Downloaded Crypto App for Seven Consecutive Years ⇒By strengthening disclosures on recent initiatives and non- financial capital, we aim to further articulate and enhance the value of our Group. *1 ：https://www.monexgroup.jp/en/sustainability/MonexGroupValueCreationStory.html
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Appendix 65
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Consolidated balance sheet Key points of the consolidated balance sheet of Monex Group 1. Actual net debt is¥10.8B for the holding company Monex Group, Inc., which does not engage in securities transactions, etc. 2. Trust assets, which are segregated deposits received from customersand guarantee deposits received, account for more than half of the total assets. 3. Since the balance of assets and liabilities related to securities transactions, etc., changes depending on customer transaction trends, securities companies secures sufficient liquidity by raising funds through bonds and loans payable. <Net debt> (Unit: JPY Billion) Cash and cash equivalents（held by the holding company）*1 12.8 Bonds and loans payable（held by the holding company） 23.6 Net debt ¥23.6B – ¥12.8B = ¥10.8B <Segregated deposits received, etc. from customers> Cash segregated as deposits (Segregation of customer deposits and others) 390.5 Deposits received・guarantee deposits received (Mainly deposits from customers and others) 448.7 <Assets and liabilities related to securities transactions, etc.> Assets related to securities transactions, etc. (Margin transaction assets and others) 134.0 Liabilities related to securities transactions, etc. (Loans payable secured by securities and others) 55.6 Assets related to crypto asset (holding and lending of crypto assets for customer transactions) 50.3 Crypto asset related liabilities (deposits received and borrowing of crypto assets for customer transactions) 49.5 Cash and cash equivalents (held by subsidiaries) 36.7 Bonds and loans payable (Subsidiaries) 28.9 <Other assets/liabilities> Other assets 14.3 Other liabilities 31.9 <Fixed assets and & equity capital> Fixed assets*2 126.3 Total equity 126.7 Total assets 764.9 Total liabilities and equity 764.9 As of Dec. 31, 2025 *1 Includes Deposit and Money held in trust. *2 Property and equipment +Intangible assets + Equity method investments + Investments in securities Level 3 (unlisted stocks, etc.) 66
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Corporate Governance Established global-standard corporate governance practices and emphasis on dialogue with retail/institutional investors. Adoption of “company with three committees” structure - highly effective executive management monitoring system - Adopted “company with committees” structure in June 2013. - Became a company with a nominating committee, etc. on May. 2015, in accordance with the revision of the Companies Act - Each of the three committees is chaired by an independent and outside director. Directors with various backgrounds - Independent and outside directors accounts for approx. 60% of the board of directors. - Appointed a lead outside director. Actively exchanges opinions at meetings led by the lead outside director and composed mainly by independent and outside directors. - Various backgrounds: Management of listed companies, expertise (CPA, patent attorney), business experience (finance, IT, global business), culture and society (gender, country of residence, age). Fair disclosure and dialogue for retail/institutional investors - Timely and fair information disclosure both in Japanese and English simultaneously. - Active dialogue with shareholders: CEO holds quarterly presentation sessions for retail shareholders. - Annual general meeting of shareholders is held on weekend so that retail shareholders can attend the meeting, and stopped to ask the questioner to disclose his/her name or the shareholder number at its Q&A session. 67
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■ Monex, Inc. (Tokyo, Japan) One of the major online brokerage firms in Japan • Managing Director & President : Yuko Seimei • Founded in 1999 • Aims to provide retail investors the level of creative products and services offered to institutional investors • Products and services: Equities (Japan, US, China), futures and options, FX, mutual funds, bonds, crypto asset CFD, etc. • # of total accounts: 2.83 million • Customer assets held in custody: JPY 10.7 trillion ■ TradeStation Group, Inc. (Florida, US) Online securities group with award-winning trading technology development capabilities • President and CEO: John Bartleman • Founded in 1982, joined Monex Group in Jun. 2011 • An award-winning TradeStation platform recognized and highly regarded by active traders. Executes and clears US equities for group's securities companies • Products and services: Equities, options and futures, etc. • # of total accounts: 150 thousand • Customer assets held in custody: USD 13.8 billion ■ Monex Ventures, Inc. (Tokyo, Japan) Venture capital • Representative Director & President : Atsushi Mandai • Founded in 2005 • Flagship fund “MV I & MV II Investment Limited Partnership” • Portfolio (Japanese only): http://www.monexventures.com/ ■ Coincheck, Inc. (Tokyo, Japan) Crypto asset Exchange/Marketplace agency that is ranked No.1 in crypto asset trading app downloads in Japan for 7 consecutive years. • Managing Director & President : Tomoyuki Isaka • Founded in 2012, joined Monex Group in Apr. 2018 • Cryptocurrencies available: Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Ripple (XRP), NEM (XEM), etc. • # of verified users: 2.48 million • Customer assets held in custody: JPY 0.9 trillion ■ Monex Asset Management, Inc. Investment management service • Representative Director & President : Satoru Adachi • Founded in 2015 ■ Japan Catalyst, Inc. Investment Advisory Business • Representative Director & President: Taro Hirano Director and Co-President : Takahiro Kusakari • Founded in 2019 Overview of Monex Group and Main Group Companies 68As of Sep 30, 2025
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