Monex recorded a $67 million loss mainly from one-time costs linked to Coincheck’s Nasdaq debut.
Coincheck’s trading volume more than doubled, reaching ¥245.6 billion during the quarter.
Monex’s US division earned ¥1.5 billion, while its Japanese operations benefited from working with NTT DOCOMO.
Monex Group has revealed that it had a net loss of $67 million (¥9.9 billion) for the third quarter of the fiscal year 2025. The main reason for this loss was one-time expenses tied to the Nasdaq listing of its cryptocurrency subsidiary Coincheck.
Despite this, the trading volume of Coincheck surged to ¥245.6 billion. Meanwhile, beyond crypto, Monex’s US operations generated ¥1.5 billion in profit, while its Japanese segment benefited from its collaboration with NTT DOCOMO, Japan’s leading telecom provider. Monex’s total assets under custody and management grew to ¥12 trillion. Additionally, its mutual fund balances rose 8% from the previous quarter to ¥1.96 trillion. The report :
“Coincheck’s marketplace trading volume more than doubled to ¥245.6 billion in the quarter, reflecting broader crypto market momentum. The US segment maintained steady performance with quarterly profit of ¥1.5 billion, while the Japanese operations benefited from the strategic alliance with NTT DOCOMO.”
“Coincheck’s marketplace trading volume more than doubled to ¥245.6 billion in the quarter, reflecting broader crypto market momentum. The US segment maintained steady performance with quarterly profit of ¥1.5 billion, while the Japanese operations benefited from the strategic alliance with NTT DOCOMO.”
Nasdaq Listing Expenses Weigh on Earnings
It was revealed that the Japan-based financial services company incurred ¥17.1 billion in non-recurring costs linked to Coincheck Group N.V.’s December listing, with ¥13.7 billion spent on share-based compensation and ¥3.4 billion in professional fees. Regardless of the financial setback, Monex’s core operations remained strong, fueled by increasing crypto trading activity and consistent brokerage earnings.
Monex acquired cryptocurrency exchange Coincheck in 2018 after it suffered security breaches. The company mentioned that it is dedicated to creating a secure business environment for customers by fully supporting the exchange’s enhancement efforts. It stated that it would apply its expertise in business management, system risk control, and asset protection, developed through its experience in online securities.
Monex continues to focus on balancing growth investments with shareholder returns. The company announced that proceeds from the sale of its Hong Kong subsidiary, Monex Boom Securities, will be used to fund a special year-end dividend of ¥10 per share. This adds to the regular dividend of ¥15.1 per share, bringing the total year-end payout to ¥25.1 per share.
Expansion and Strategic Moves in Crypto and Finance
Monex has been actively expanding its presence in the crypto sector. The company the purchase of a controlling interest in 3iQ Digital Holdings, a Canada-based crypto asset manager. It also invested $7.5 million into its Managed Account Platform (QMAP), which provides institutional investors with access to crypto hedge funds.
Furthermore, the firm has joined forces with NTT DOCOMO to introduce a new financial service that allows customers to buy mutual funds with credit cards. Using NTT DOCOMO’s d CARD, users can earn up to 1.1% back in d POINTs on their investments, a move expected to encourage regular investing.