Coincheck Group (CNCK) Investor Presentation summary

Strategic vision and business model

• Aims to be a leading diversified crypto financial services holding company, driving global digital asset and web3 adoption.

• Pursues global M&A to build integrated tokenized financial services and maximize intra-group synergies.

• Recent acquisition of Aplo, a Paris-based digital asset prime brokerage, marks first expansion outside Japan and strengthens institutional offerings.

• Strategic partnership with Mercoin to enable in-app crypto trading for Mercari's 23 million MAU, launching in H1 2026.

• Focus on borderless, unified regulatory frameworks to support tokenized financial assets globally.

Financial performance and growth

• Number of verified accounts grew 15% YoY to 2.42 million as of Q2 FY26.

• Q2 FY26 revenue rose 89% YoY to $900 million, with gross margin up 92% YoY to $26.3 million.

• Adjusted EBITDA for Q2 FY26 reached $10 million, up 495% YoY.

• Customer assets under custody increased 78% YoY to $8 billion.

• Marketplace trading volume for Q2 FY26 was $640 million, up 54% QoQ.

Product and service innovation

• Launched Coincheck Staking in January 2025, enabling users to earn ETH rewards; staking revenue grew 108% QoQ in Q2 FY26.

• Next Finance Tech acquisition enhances staking capabilities and will transition Coincheck's staking platform in 2026.

• Broad product set includes retail and professional trading, NFT marketplace, and robust KYC/AML onboarding.

• Crypto-as-a-Service (CaaS) empowers partners to offer regulated in-app crypto trading using Coincheck's infrastructure.