Monex Group (8698) Q1 2026 earnings summary

Executive summary

• Consolidated quarterly profit attributable to owners was ¥1.86B for 1Q FYE Mar. 2026, a 24.9% decrease year-over-year, driven by strong online brokerage and asset management, despite losses in the crypto asset segment due to Nasdaq-related expenses and lower trading volume.

• Asset management business achieved significant AUM and profit growth, with new services launched and strategic alliances formed, notably Coincheck's partnership with Mercoin.

• Share repurchase of ¥5B completed and progressive dividends continued, reflecting disciplined capital management and focus on shareholder returns.

• Total comprehensive income dropped sharply to ¥886M, down 83.3% year-over-year.

• Revenue for the quarter was ¥18,684M, down 1.2% year-over-year.

Financial highlights

• Total operating revenue after deducting financial expenses and cost of sales was ¥15.9B, down 6% year-over-year and quarter-over-quarter.

• Basic earnings per share for the quarter were ¥7.38, compared to ¥9.60 in the same period last year.

• Total assets increased to ¥718,738M from ¥709,641M at the previous fiscal year-end.

• Equity attributable to owners decreased to ¥117,988M from ¥123,984M.

• Asset management segment revenue grew 41% year-over-year, with AUM reaching ¥770B.

Outlook and guidance

• No earnings forecast disclosed due to high sensitivity of business performance to economic and market conditions.

• Dividend forecast for FYE Mar. 2026 is ¥30.4 per share, maintaining a minimum annual dividend policy and targeting 15% ROE.

• Share buybacks may be conducted in response to circumstances.

• Group synergies and digital transformation initiatives are expected to further enhance corporate value.