Monex Group (8698) Q2 2026 earnings summary

Executive summary

• All business segments achieved sequential growth in revenue and profit, with consolidated quarterly profit at ¥2.7B for 2Q FYE Mar. 2026 and profit attributable to owners for the six months ended September 30, 2025, at ¥4,549 million.

• Revenue for the six months ended September 30, 2025, was ¥40,397 million, up 12.8% year-over-year.

• Asset management business continued to expand, with AUM surpassing ¥10 trillion and significant contributions from the Monex Activist Fund and 3iQ.

• Coincheck Group completed the acquisition of Aplo SAS and advanced institutional and corporate crypto business initiatives.

• The business of Monex Boom Securities (H.K.) Limited and two other companies was classified as discontinued operations.

Financial highlights

• Total operating revenue after deducting financial expenses and cost of sales rose 22% QoQ to ¥19,056M; operating income increased 359% QoQ to ¥3,809M.

• Adjusted EBITDA grew 80% QoQ to ¥6,268M, driven by online brokerage and crypto asset business.

• Profit before income taxes increased 61% QoQ to ¥4,719M and 52.8% YoY to ¥7,658M for the six months ended September 30, 2025.

• Basic earnings per share for the period was ¥18.09, up from ¥15.74 year-over-year.

• Total assets increased to ¥758,918 million from ¥709,641 million as of March 31, 2025.

Outlook and guidance

• Asset management and crypto asset businesses are positioned as medium- to long-term profit engines and drivers of exponential growth, with proactive investment and M&A strategies.

• No consolidated financial results forecast disclosed due to high sensitivity to economic and market conditions.

• Minimum annual dividend of ¥30 per share is maintained, with potential for higher payout if 50% of profit per share exceeds this amount.

• The company maintains a basic policy of returning profits to shareholders and targets sustainable profit growth.