Interim report
Page 1
Note : This document has been translated from the Japanese original for reference purposes only . In the event of any discrepancy between this translated document and the Japanese original , the original shall prevail . R MONEX GROUP Consolidated Financial Results for the Three Months of Fiscal Year Ending March 31 , 2027 August 6 , 2026 FASF MEMBERSHIP ( Under IFRS ) Company name : Monex Group , Inc. ( " the Company " ) Tokyo Stock Exchange https://www.monexgroup.jp/ Listing : Securities code : 8698 URL : Representative : Inquiries : Telephone : Yuko Seimei , Representative Executive Officer & CEO Akira Inoue , Executive Director and General Manager of Financial Control Department + 81-03-4323-8698 Scheduled date to commence dividend payments : Preparation of supplementary material on financial results : Holding of financial results briefing : Yes Yes ( for individual investors , for institutional investors and analysts ) ( Yen amounts are rounded down to millions , unless otherwise noted . ) 1. Consolidated financial results for the three months of fiscal year ending March 31 , 2027 ( from Apr. 1 , 2026 to Jun . 30 , 2026 ) ( 1 ) Consolidated operating results ( cumulative ) ( Percentages indicate year - on - year changes . ) Profit ( loss ) Revenue Profit before income taxes Profit attributable to owners Total comprehensive income of the company Three months ended Millions of % Jun . 30 , 2026 Jun . 30 , 2025 yen 19,389 18,684 3.8 ( 1.2 ) Millions of yen 2,280 2,939 Millions of Millions of Millions of % % % % yen yen yen ( 22.4 ) 1,753 8.5 1,922 3.6 ( 7.7 ) 1,615 ( 37.0 ) 1,856 ( 24.9 ) 2,695 886 204.2 ( 83.3 ) Basic earnings per share Diluted earnings per share Three months ended Yen Yen Jun.30 , 2026 7.65 7.38 Jun.30 , 2025 ( 2 ) Consolidated financial position As of Jun . 30 , 2026 Mar. 31,2026 Total assets Millions of yen 778,832 746,768 Total equity Equity attributable to owners of the company Millions of yen 139,290 129,970 Millions of yen 130,284 126,397 Ratio of equity attributable to owners of the company to total assets % 16.7 16.9 - 1 -
Page 2
Annual dividends per share First quarter-end Second quarter-end Third quarter-end Fiscal year-end Total Yen Yen Yen Yen Yen Fiscal year ended Mar. 31,2026 － 15.30 － 15.40 30.70 Fiscal year ending Mar. 31,2027 － Fiscal year ending Mar. 31,2027 (Forecast) 15.40 － 15.40 30.80 (i) Changes in accounting policies required by IFRS: Yes (ii) Changes in accounting policies due to other reasons: None (iii) Changes in accounting estimates: None (i) Total number of issued shares at the end of the period (including treasury shares) As of Jun. 30, 2026 251,647,100 shares As of March. 31, 2026 251,647,100 shares (ii) Number of treasury shares at the end of the period As of Jun. 30, 2026 283,418 shares As of March. 31, 2026 283,416 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Three months ended Jun. 30, 2026 251,363,683 shares Three months ended Jun. 30, 2025 251,557,116 shares 2. Cash dividends Note: Revisions to the forecast of cash dividends most recently announced: None 3. Consolidated financial results forecast for the fiscal year ending March 31, 2027 (from April 1, 2026 to March 31, 2027) Our group is engaged in securities and other businesses on a global scale. However, the performance of these businesses is greatly affected by economic conditions and market conditions, making it difficult to forecast future results. Therefore, we do not disclose future earnings forecasts. * Notes (1) Significant changes in the scope of consolidation during the period: None (2) Changes in accounting policies and changes in accounting estimates (3) Number of issued shares (ordinary shares) * Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None * Proper use of earnings forecasts, and other special matters Our basic principle is to increase our corporate value in a sustainable way as we drive investments in the growth areas and enhancing our operating base in an aggressive yet proper manner, while keeping a right balance of returning profits to our shareholders. Therefore, shareholder returns shall be as follows. The Company will aim to pursue enhanced total shareholder return(*1). 1. The Company pays the minimum annual dividend of 30 yen per 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. (*1)Total shareholder return = (total capital gain + total dividends paid) /invested amount. - 2 -
Page 3
(Millions of Yen) Three months ended Jun. 30, 2025 Three months ended Jun. 30, 2026 Continuing operations Revenue: Operating income……………………………………… 18,684 19,389 Other financial income………………………………… 1,433 511 Other income…………………………………………… 261 383 Equity in profit of equity method investments ……… 963 1,494 Total revenue 21,341 21,776 Expenses: Financial expenses……………………………………… 2,747 2,424 Cost of sales……………………………………………… － 280 Selling, general and administrative expenses 15,107 16,657 Other financial expenses………………………………… 258 112 Other expenses…………………………………………… 291 24 Total expenses 18,402 19,497 Quarterly profit before income taxes……………………… 2,939 2,280 Income tax expense……………………………………… 1,323 527 Quarterly profit 1,615 1,753 Quarterly profit (loss) attributable to: Owners of the Company………………………………… 1,856 1,922 Non-controlling interests………………………………… (240) (169) Earnings (loss) per share attributable to owners of the Company: (in yen) (in yen) Basic earnings (loss) per share 7.38 7.65 Diluted earnings (loss) per share － － (1) Quarterly Consolidated Statements of Profit or Loss - 3 -
Page 4
(Millions of Yen) Three months ended Jun. 30, 2025 Three months ended Jun. 30, 2026 Quarterly profit 1,615 1,753 Other comprehensive income: Items that will not be reclassified to profit or loss: Changes in fair value of equity instruments measured at fair value through other comprehensive income………… 9 (61) Items that may be reclassified subsequently to profit or loss: Changes in fair value of debt instruments measured at fair value through other comprehensive income………… 3 (79) Cash flow hedges – effective portion of changes in fair value…………………………………………………… 265 (362) Foreign currency translation adjustments in foreign operations……………………………………………… (1,400) 1,032 Share of other comprehensive income of equity method investments……………………………………………… 393 412 Other comprehensive income,net of tax (730) 942 Quarterly comprehensive income 886 2,695 Quarterly comprehensive income attributable to: Owners of the Company 1,084 2,871 Non-controlling interests (198) (176) (2) Quarterly Consolidated Statements of Comprehensive Income - 4 -
Page 5
(Millions of Yen) As of Mar. 31, 2026 As of Jun. 30, 2026 Assets: Cash and cash equivalents……………………………… 52,786 46,371 Money held in trust……………………………………… 378,562 389,664 Derivative assets………………………………………… 740 311 Inventories……………………………………………… 37,876 32,932 Investments in securities………………………………… 12,267 11,905 Loans secured by securities……………………………… 57,041 78,870 Other financial assets…………………………………… 85,016 94,691 Property and equipment………………………………… 6,820 8,554 Intangible assets………………………………………… 41,952 42,871 Equity method investments……………………………… 68,997 68,157 Deferred tax assets……………………………………… 531 154 Other assets……………………………………………… 4,179 4,352 Total assets 746,768 778,832 Liabilities and Equity: Liabilities: Derivative liabilities…………………………………… 91 362 Loans payable secured by securities…………………… 54,470 72,502 Deposits received………………………………………… 313,949 326,449 Guarantee deposits received…………………………… 119,765 121,111 Bonds and loans payable………………………………… 57,728 56,835 Other financial liabilities………………………………… 15,085 16,293 Provisions……………………………………………… 513 511 Income taxes payable…………………………………… 2,102 523 Deferred tax liabilities…………………………………… 9,758 9,313 Other liabilities………………………………………… 43,338 35,642 Total liabilities 616,798 639,542 Equity: Common stock…………………………………………… 13,144 13,144 Additional paid-in capital……………………………… 49,651 54,467 Treasury stock…………………………………………… (199) (199) Retained earnings……………………………………… 45,554 43,605 Other components of equity…………………………… 18,248 19,268 Equity attributable to owners of the Company………… 126,397 130,284 Non-controlling interests………………………………… 3,573 9,007 Total equity 129,970 139,290 Total liabilities and equity 746,768 778,832 (3) Quarterly Consolidated Statements of Financial Position - 5 -
Page 6
(Millions of Yen) Equity attributable to owners of the Company Other components of equity Common stock Additional paid―in capital Treasury stock Retained earnings Changes in fair value of equity instruments measured at fair value through other comprehensive Income Changes in fair value of debt instruments measured at fair value through other comprehensive income Effective portion of cash flow hedges Foreign currency translation adjustments in foreign operations Share―based payments Balance as of April 1, 2025 ¥13,144 ¥51,285 ¥(723) ¥46,266 ¥200 ¥69 ¥594 ¥14,307 ¥(828) Profit － － － 1,856 － － － － － Other comprehensive income － － － － 9 3 265 (1,442) － Total comprehensive income － － － 1,856 9 3 265 (1,442) － Transactions with owners: Dividends paid － － － (6,368) － － － － － Purchase of treasury stock － (6) (1,041) － － － － － － Recognition of share―based payments － 256 － － － － － － 74 Changes of interests in subsidiaries without losing control － 5 － － － － － － － Loss of control of subsidiaries － － － － － － － － － Total of transactions with owners － 254 (1,041) (6,368) － － － － 74 Balance as of June 30, 2025 ¥13,144 ¥51,539 ¥(1,764) ¥41,753 ¥209 ¥72 ¥859 ¥12,865 ¥(754) Equity attributable to owners of the Company Other components of equity Non― controlling interests Total equity Share of other comprehensive income of equity method investments Sub―total Total Balance as of April 1, 2025 ¥(327) ¥14,014 ¥123,984 ¥2,270 ¥126,254 Profit － － 1,856 (240) 1,615 Other comprehensive income 393 (772) (772) 42 (730) Total comprehensive income 393 (772) 1,084 (198) 886 Transactions with owners: Dividends paid － － (6,368) － (6,368) Purchase of treasury stock － － (1,047) － (1,047) Recognition of share―based payments － 74 330 51 380 Changes of interests in subsidiaries without losing control － － 5 4 9 Loss of control of subsidiaries － － － (32) (32) Total of transactions with owners － 74 (7,081) 24 (7,057) Balance as of June 30, 2025 ¥66 ¥13,316 ¥117,988 ¥2,095 ¥120,083 (4) Quarterly Consolidated Statement of Changes in Equity - 6 -
Page 7
(Millions of Yen) Equity attributable to owners of the Company Other components of equity Common stock Additional paid―in capital Treasury stock Retained earnings Changes in fair value of equity instruments measured at fair value through other comprehensive Income Changes in fair value of debt instruments measured at fair value through other comprehensive income Effective portion of cash flow hedges Foreign currency translation adjustments in foreign operations Share―based payments Balance as of April 1, 2026 ¥13,144 ¥49,651 ¥(199) ¥45,554 ¥240 ¥41 ¥399 ¥16,935 ¥(694) Profit － － － 1,922 － － － － － Other comprehensive income － － － － (61) (79) (362) 1,038 － Total comprehensive income － － － 1,922 (61) (79) (362) 1,038 － Transactions with owners: Dividends paid － － － (3,871) － － － － － Purchase of treasury stock － － (0) － － － － － － Recognition of share―based payments － 247 － － － － － － 71 Changes of interests in subsidiaries without losing control － 4,570 － － － － － － － Total of transactions with owners － 4,816 (0) (3,871) － － － － 71 Balance as of June 30, 2026 ¥13,144 ¥54,467 ¥(199) ¥43,605 ¥180 ¥(38) ¥37 ¥17,973 ¥(623) Equity attributable to owners of the Company Other components of equity Non― controlling interests Total equity Share of other comprehensive income of equity method investments Sub―total Total Balance as of April 1, 2026 ¥1,327 ¥18,248 ¥126,397 ¥3,573 ¥129,970 Profit － － 1,922 (169) 1,753 Other comprehensive income 412 949 949 (6) 942 Total comprehensive income 412 949 2,871 (176) 2,695 Transactions with owners: Dividends paid － － (3,871) － (3,871) Purchase of treasury stock － － (0) － (0) Recognition of share―based payments － 71 317 100 417 Changes of interests in subsidiaries without losing control － － 4,570 5,509 10,079 Total of transactions with owners － 71 1,016 5,609 6,625 Balance as of June 30, 2026 ¥1,738 ¥19,268 ¥130,284 ¥9,007 ¥139,290 - 7 -
Page 8
(5) Going Concern Assumption Not applicable. Standards New/revised requirements IFRS 9 IFRS 7 Amendments to the classification and measurement of financial instruments Clarification of the classification of financial assets, addition of requirements for the derecognition of financial liabilities, and revisions to disclosure requirements for financial assets measured at fair value through other comprehensive income. (6) Changes in accounting policies The material accounting policies applied in the condensed quarterly consolidated financial statements are the same as those applied in the consolidated financial statements for the prior fiscal year, except for the following. There is no significant impact in the consolidated cumulative first quarter. - 8 -
Page 9
Segment Main company Online Brokerage TradeStation Securities, Inc. Monex, Inc. Digital Asset Coincheck Group N.V. Coincheck, Inc. 3iQ Digital Holdings Inc. AM & WM Monex Asset Management, Inc. Westfield Capital Management Company, L.P. Monex Private Bank,Inc. Investment Monex Ventures, Inc. MV Ⅰ Investment Limited Partnership MV Ⅱ Investment Limited Partnership Uncovered Monex Africa Investment Partnership Millions of Yen Reportable segment Online Brokerage Digital Asset AM & WM Investment Total Other Adjustment Consolidated Operating revenue from external customers ¥12,824 ¥3,407 ¥1,291 ¥(137) ¥17,385 ¥1,300 ¥－ ¥18,684 Internal operating revenue or transferred amount between segments － － － － － 2,972 (2,972) － Total 12,824 3,407 1,291 (137) 17,385 4,271 (2,972) 18,684 Financial expenses (2,181) (46) (1) － (2,228) (685) 167 (2,747) Cost of sales － － － － － － － － Depreciation and amortization (856) (169) (12) － (1,036) (160) － (1,196) Other selling, general and administrative expenses (8,006) (3,953) (830) (27) (12,817) (1,118) 25 (13,910) Other income and expenses (net amount) 1,462 (394) 0 0 1,068 93 (15) 1,145 Equity in profits or losses of equity method investments 518 － 433 18 968 (5) － 963 Segment profit or loss (profit before income taxes) ¥3,760 ¥(1,155) ¥881 ¥(146) ¥3,339 ¥2,395 ¥(2,795) ¥2,939 (7) Summary Quarterly Consolidated Financial Statements Note 1. Segment Information The main businesses of the Group are the financial instruments business, cryptocurrency exchange service provider, investment management business, and investment business of securities. The Group has 4 reportable segments: “Online Brokerage,” “Digital Asset,” “Asset & Wealth Management (“AM & WM”),” and “Investment.” To further strengthen the Group's management structure, on February 28, 2026, the Company transferred the shares of 1000745629 ONTARIO INC. (an intermediate holding company that holds 96.8% (94.7% on a fully diluted basis) of the shares of 3iQ Digital Holdings Inc., a Canadian corporation), a consolidated subsidiary of the Company, to Coincheck Group N.V., another consolidated subsidiary of the Company. As a result of this reorganization, 3iQ Digital Holdings Inc. and all of its subsidiaries, which were previously included in the “AM & WM” segment, have been transferred to the “Digital Asset” segment. Accordingly, segment information for the first quarter of the previous fiscal year has been restated to reflect this change, as well as for the current fiscal year. Furthermore, from the first quarter of the current fiscal year, the name of the reportable segment previously known as “Crypto Asset” has been changed to “Digital Asset.” Accordingly, segment information for the first quarter of the previous fiscal year is also presented under the new name. This change is merely a change in the segment name and has no impact on segment information. Notes: Each entity is an independent management unit that establishes comprehensive strategies and conducts business activities The Group’s operating results by reportable segment For the Three months ended June 30, 2025 - 9 -
Page 10
Millions of Yen Reportable segment Online Brokerage Digital Asset AM & WM Investment Total Other Adjustment Consolidated Financial income ¥7,101 ¥54 － ¥(152) ¥7,003 ¥3,481 ¥(2,959) ¥7,525 Sales revenue － － － － － － － － Millions of Yen Reportable segment Online Brokerage Digital Asset AM & WM Investment Total Other Adjustment Consolidated Operating revenue from external customers ¥13,836 ¥3,198 ¥1,464 ¥(132) ¥18,366 ¥1,023 ¥－ ¥19,389 Internal operating revenue or transferred amount between segments － － － － － 4,278 (4,278) － Total 13,836 3,198 1,464 (132) 18,366 5,301 (4,278) 19,389 Financial expenses (2,060) (20) (0) － (2,080) (469) 125 (2,424) Cost of sales (3) (277) － － (280) － － (280) Depreciation and amortization (942) (293) (11) － (1,245) (176) － (1,421) Other selling, general and administrative expenses (8,953) (3,981) (1,238) (26) (14,198) (1,074) 36 (15,236) Other income and expenses (net amount) (6) 188 4 0 187 564 8 759 Equity in profits or losses of equity method investments 1,094 (24) 436 (8) 1,497 (4) － 1,494 Segment profit or loss (profit before income taxes) ¥2,966 ¥(1,209) ¥654 ¥(166) ¥2,246 ¥4,143 ¥(4,109) ¥2,280 Millions of Yen Reportable segment Online Brokerage Digital Asset AM & WM Investment Total Other Adjustment Consolidated Financial income ¥6,954 ¥99 ¥－ ¥(150) ¥6,903 ¥4,505 ¥4,254 ¥7,153 Sales revenue 3 462 － － 465 － － 465 The following financial income and sales revenue are included in the operating revenue. Notes: (*1) "Other" includes companies not included in the reportable segments, primarily the Company. In addition, it includes dividends paid from the reportable segments to the Company. (*2) Adjustment refers to elimination between segments. (*3) Transactions between segments are made by arm’s length price. (*4) Segment profit or loss is profit or loss before income taxes. For the Three months ended June 30, 2026 The following financial income and sales revenue are included in the operating revenue. Notes: (*1) "Other" includes companies not included in the reportable segments, primarily the Company. In addition, it includes dividends paid from the reportable segments to the Company. (*2) Adjustment refers to elimination between segments. (*3) Transactions between segments are made by arm’s length price. (*4) Segment profit or loss is profit or loss before income taxes. - 10 -
Page 11
Three months ended Jun. 30, 2025 Three months ended Jun. 30, 2026 Earnings per share attributable to owners of the Company (Millions of Yen) Basic 1,856 1,922 Adjustment － － Diluted 1,856 1,922 Weighted average number of shares (Thousands of Share) Basic 251,557 251,364 Adjustment － － Diluted 251,557 251,364 Basic earnings per share (Yen) 7.38 7.65 (Millions of Yen) Three months ended Jun. 30, 2025 Three months ended Jun. 30, 2026 Depreciation and amortization 1,314 1,772 2. Earnings per Share The basis for calculating basic earnings per share and diluted earnings per share for the current fiscal year is as follows Note: Diluted quarterly earnings per share is not stated as there are no potential shares with a dilutive effect. 3.Consolidated Statements of Cash Flows Quarterly consolidated statements of cash flows for the three months ended Jun. 30, 2026 are not prepared. Depreciation and amortization (including the amortization of intangible assets) for the three months ended Jun. 30,2026 are as follows. (8) Events after the Reporting Period Not applicable. - 11 -