Monex Group (8698) Q3 2025 earnings summary

Executive summary

• Consolidated revenue for 3Q FYE Mar. 2025 was JPY 21,666 million, up from JPY 17,937 million in 2Q, but down from JPY 23,352 million in 3Q FYE Mar. 2024.

• Quarterly profit attributable to owners was a loss of JPY 9,886 million, compared to a profit of JPY 1,579 million in 2Q and JPY 2,284 million in 3Q FYE Mar. 2024.

• Net loss of 8,075 million yen for the nine months ending Dec. 31, 2024, compared to a profit of 6,529 million yen year-over-year, mainly due to one-time listing expenses and discontinued operations.

• Monex and Monex Boom Securities (H.K.) Limited were reclassified as discontinued operations following share transfers and business realignment.

• Coincheck Group N.V. completed a Nasdaq listing, incurring approximately 17.1 billion yen in one-time listing and share-based compensation expenses.

Financial highlights

• Total operating income for 3Q FYE Mar. 2025 was JPY 19,734 million, up from JPY 17,268 million in 2Q.

• Operating income from continuing operations rose to 55,545 million yen from 46,088 million yen year-over-year.

• Quarterly profit before income taxes dropped to a loss of JPY 11,209 million in 3Q, compared to a profit of JPY 1,861 million in 2Q.

• Basic earnings per share attributable to owners was negative 22.72 yen, compared to positive 25.45 yen year-over-year.

• Cash and cash equivalents declined to 49,088 million yen from 97,935 million yen at the start of the period.

Outlook and guidance

• Forward-looking statements highlight risks and uncertainties, with no specific quantitative guidance provided.

• Significant restructuring and discontinued operations signal a strategic shift.