Coincheck Group N.v. · NASDAQ:CNCK
Coincheck — Q1 2027 Earnings Presentation
40 slides from Coincheck's earnings presentation, Aug 6, 2026
Slide 1: One integrated digital finance platform.
NASDAQ: CNCK One integrated digital finance platform. Connection. Resilience. Growth. COINCHECK GROUP, AUGUST 2026
Slide 2: Disclaimer
Disclaimer No Offer or Solicitation applicable securities laws. You are cautioned not to place undue reliance on in part. Annualized, pro forma, projected and estimated numbers, if included, are these forward-looking statements, which speak only as of the date of this used for illustrative purpose o
Slide 3: Contents
Contents 1. Coincheck Group: From exchange to platform 2. The problem we are solving 3. Why Coincheck Group? 4. We are building on success 5. Moving forward 6. Appendix COINCHECK GROUP, AUGUST 2026 3
Slide 4: Coincheck Group: From exchange to platform
Coincheck Group: From exchange to platform COINCHECK GROUP, AUGUST 2026 4
Slide 5: This is not just a growth story
This is not just a growth story Growth is expected. This is a repositioning story. The market still sees us as an exchange. That’s understandable. It’s where we started. But we’ve been building something much more strategic. COINCHECK GROUP, AUGUST 2026 5
Slide 6: The strategic logic
The strategic logic Three parts. One system. Japan retail Institutional platform On-chain innovation The anchor of trust, liquidity, users The bridge to higher-quality revenue, broader The edge that extends future growth and brand capability and strategic relevance and long-term upside Each initiati
Slide 7: The strategic logic
JAPAN RETAIL • INSTITUTIONAL PLATFORM • ON-CHAIN INNOVATION The strategic logic It’s not just our market. It’s our proof in a market where: Trust Regulation Execution matters matters matters It’s where we are already winning. COINCHECK GROUP, AUGUST 2026 7
Slide 8: Institutional: The bridge
JAPAN RETAIL • INSTITUTIONAL PLATFORM • ON-CHAIN INNOVATION Institutional: The bridge This is where value really shifts. Not just trading: • broader capabilities • higher quality revenue. Together as one valuable, integrated, institutional platform. COINCHECK GROUP, AUGUST 2026 8
Slide 9: Why 3iQ matters
JAPAN RETAIL • INSTITUTIONAL PLATFORM • ON-CHAIN INNOVATION Why 3iQ matters Innovative investments of institutional quality: • $810m AUM* • institutional credibility • global distribution. Not just a growth asset. This is quality revenue. * As of March 31, 2026 COINCHECK GROUP, AUGUST 2026 9
Slide 10: Why Aplo matters
JAPAN RETAIL • INSTITUTIONAL PLATFORM • ON-CHAIN INNOVATION Why Aplo matters Connecting global liquidity through: • execution • prime brokerage • regulated infrastructure. This is the connective tissue of the system. COINCHECK GROUP, AUGUST 2026 10
Slide 11: Why Next Finance Tech matters
JAPAN RETAIL • INSTITUTIONAL PLATFORM • ON-CHAIN INNOVATION Why Next Finance Tech matters Strategically important to monetize assets. • staking infrastructure • recurring revenue • platform stickiness. This is how dependency shifts away from trading. COINCHECK GROUP, AUGUST 2026 11
Slide 12: On-chain: The edge
JAPAN RETAIL • INSTITUTIONAL PLATFORM • ON-CHAIN INNOVATION On-chain: The edge The next layer is already forming: • derivatives • lending • tokenization. Critical for long-term value and market resilience. COINCHECK GROUP, AUGUST 2026 12
Slide 13: The problem we are solving
The problem we are solving COINCHECK GROUP, AUGUST 2026 13
Slide 14: The problem we are solving
The problem we are solving Digital finance is still fragmented. Retail here. Institutions there. Infrastructure somewhere else. Each works. None work together. That’s the gap we intend to fill. COINCHECK GROUP, AUGUST 2026 14
Slide 15: The opportunity we are seizing
The opportunity we are seizing When those pieces connect, value changes. Access improves. Revenue stabilizes. The model is clearer. This is where the market is heading. COINCHECK GROUP, AUGUST 2026 15
Slide 16: Why Coincheck Group?
Why Coincheck Group? COINCHECK GROUP, AUGUST 2026 16
Slide 17: Institutions are no longer asking if. They're asking who.
Institutions are no longer asking if. They’re asking who. Two months. Two institutions. Two markets. One platform of choice. Japan: May 2026 Canada: March 2026 KDDI Corporation Dynamic Funds 14.9% strategic equity investment in Coincheck Group, alongside a The Dynamic Active Multi-Crypto ETF (DXMC)
Slide 18: Another quarter proving that the strategy is working
Another quarter proving that the strategy is working Two months. Two institutions. Two markets. One platform of choice. Japan: June 2026 International: July 2026 Credit Saison Bhutan’s Gelephu Mindfulness City One of Japan’s most established financial institutions, with a customer GMC appointed 3iQ
Slide 19: Why Coincheck Group?
Why Coincheck Group? Many companies have one of these: We have proven: • scale • consumer leadership • ambition • institutional expertise • capability. • infrastructure. Very few have all three. That’s our competitive difference. COINCHECK GROUP, AUGUST 2026 19
Slide 20: Why Japan matters
Why Japan matters Japan is hard to win. Regulated, trust-driven and operationally demanding. Many entered. Few stayed. Coincheck has. That’s not just market share. It’s proof. COINCHECK GROUP, AUGUST 2026 20
Slide 21: Why the platform is powerful
Why the platform is powerful Each of these three initiatives perform a different strategic role: Japan retail Institutional platform On-chain innovation The anchor of trust, liquidity, users The bridge to higher-quality revenue, broader The edge that extends future growth and brand capability and st
Slide 22: Why are we competitive?
Why are we competitive? We don’t need to look like anybody else. Our advantage is our difference: • defensible leadership in Japan • regulatory credibility • institutional capability by design • a powerful integration opportunity. A defensible route to value creation. COINCHECK GROUP, AUGUST 2026 22
Slide 23: We are building on success
We are building on success COINCHECK GROUP, AUGUST 2026 23
Slide 24: What has already been built
What has already been built The market is not being asked to imagine a business from scratch. It is being asked to look more carefully at what already exists: Japan’s #1 crypto app downloads for seven consecutive years These are not slides about aspiration. They are slides about strategic foundation
Slide 25: What has already been built
What has already been built The market is not being asked to imagine a business from scratch. It is being asked to look more carefully at what already exists: 2.5m verified retail accounts These are not slides about aspiration. They are slides about strategic foundations. COINCHECK GROUP, AUGUST 202
Slide 26: What has already been built
What has already been built The market is not being asked to imagine a business from scratch. It is being asked to look more carefully at what already exists: Approximately $4.6b in Customer Assets These are not slides about aspiration. They are slides about strategic foundations. COINCHECK GROUP, A
Slide 27: What has already been built
What has already been built The market is not being asked to imagine a business from scratch. It is being asked to look more carefully at what already exists: Approximately $810m in institutional AUM These are not slides about aspiration. They are slides about strategic foundations. COINCHECK GROUP,
Slide 28: What has already been built
What has already been built The market is not being asked to imagine a business from scratch. It is being asked to look more carefully at what already exists: Approximately $2b in staked assets These are not slides about aspiration. They are slides about strategic foundations. COINCHECK GROUP, AUGUS
Slide 29: What has already been built
What has already been built The market is not being asked to imagine a business from scratch. It is being asked to look more carefully at what already exists: 60+ institutional clients have been served These are not slides about aspiration. They are slides about strategic foundations. COINCHECK GROU
Slide 30: Moving forward
Moving forward COINCHECK GROUP, AUGUST 2026 30
Slide 31: What is to change?
What is to change? More recurring Increasing and institutional AUM Improved Operating non-trading and revenue monetization leverage revenue contribution COINCHECK GROUP, AUGUST 2026 31
Slide 32: Why Coincheck Group is attractive
Why Coincheck Group is attractive It is attractive because it combines: A clear route Real users Regulated market Institutional to higher-quality and assets positioning capability revenue COINCHECK GROUP, AUGUST 2026 32
Slide 33: How value will build
How value will build This is not a single move. It’s a sequence: Phase 1: Prove it Phase 2: Scale it Phase 3: Expand it • demonstrate integration progress • cross-sell across the platform • extend the model into new markets • show institutional traction • improve revenue mix and operating • deepen m
Slide 34: The market sees pieces.
The market sees pieces. That’s where we started. We’re now building one integrated digital finance platform. Connection. Resilience. Growth. COINCHECK GROUP, AUGUST 2026 34
Slide 35: Reviewing our brand
Reviewing our brand As the business evolves from exchange to platform, our corporate brand will need to reflect that change. A project is underway to review our brand, and brand architecture, before the end of this year. The future corporate brand will: • Support the integrated platform vision. • Un
Slide 36: Appendix
Appendix COINCHECK GROUP, AUGUST 2026 36
Slide 37: Financial highlights
Financial highlights $363m 2.6m $3.9b $649m $17.9m $(3.2)m Marketplace Verified User Customer Assets Under Adjusted Adjusted EBITDA Trading Volume Accounts Assets Management Revenue For the three months ended As of June 30, 2026 As of June 30, 2026 As of June 30, 2026 For the three months ended For
Slide 38: Adjusted revenue reconciliation
Adjusted revenue reconciliation ($m) FY25 FY26 Q’1 26 Q’1 27 Total Revenue $2,409.7 $3,018.9 $516.5 $703.1 (-) Commission Received (9.4) (8.5) (1.2) (1.2) (-) Staking Revenue — (16.2) (2.3) (3.6) (-) Investment Management Fee Revenue — (0.9) — (2.5) (-) Other Revenue (0.8) (2.2) (0.3) (0.7) Total Tr
Slide 39: Adjusted EBITDA reconciliation
Adjusted EBITDA reconciliation ($m) FY25 FY26 Q’1 26 Q’1 27 Net Profit (Loss) $(90.2) $(11.5) $(8.5) $(7.2) (+) Income Tax Expenses (Benefits) 6.2 6.0 (0.8) (0.2) Profit (Loss) before Income Taxes (84.0) (5.5) (7.7) (7.4) (+) Interest Expense 0.2 1.0 0.2 0.1 (+) Depreciation & Amortization 4.6 4.9 1
Slide 40: One integrated digital finance platform.
NASDAQ: CNCK One integrated digital finance platform. Connection. Resilience. Growth. For Investor Relations, contact: coincheckIR@icrinc.com COINCHECK GROUP, AUGUST 2026