Coincheck Group N.v. · NASDAQ:CNCK
Coincheck — Investor Presentation (November 2025)
24 slides from Coincheck's investor presentation, Nov 28, 2025
Slide 1: Investor Presentation November 2025
Investor Presentation NASDAQ: CNCK November 2025
Slide 2: No Offer or Solicitation; Forward-Looking Statements
@2025 Coincheck Group N.V. No Offer or Solicitation This presentation is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, soli
Slide 3: Overview of Coincheck Group
@2025 Coincheck Group N.V. 3 Overview of Coincheck Group 1: As of September 30, 2025. 2: Acquisition completed in October 2025. Our vision: To be a preeminent diversified crypto financial services holding company, driving the adoption and growth of the digital asset and web3 economy globally TSE Pri
Slide 4: Growth Strategy: Basic Policy
@2025 Coincheck Group N.V. 4 Growth Strategy: Basic Policy As tokenization using blockchain technology is expected to expand across industries, we aim to become a Global Integrated Tokenized Financial Service Provider Current State Future vision With tokenization enabling 24- hour trading and intero
Slide 5: Acquisition of digital asset prime brokerage Aplo
@2025 Coincheck Group N.V. The acquisition of digital asset prime brokerage Aplo marks Coincheck Group’s first geographic expansion outside of Japan and strengthens institutional investor service offerings Strengthening Institutional Services and Synergies ✔ Digital asset prime brokerage for institu
Slide 6: Coincheck Group FY 2026 Q2 Update
@2025 Coincheck Group N.V. $1.7 $10.0 Q2'25 Q2'26 $475.4 $893.6 $0.1 $5.9 $475.4 $899.5 Q2'25 Q2'26 Revenue Other revenue Coincheck Group FY 2026 Q’2 Update Note: Figures in JPY converted to USD based on exchange rate of 147.97 JPY per 1.00 USD reported by the Federal Reserve Bank of New York as of
Slide 7: Coincheck Group Results for FY 2024, 2025, & 2026 Q1-Q2
@2025 Coincheck Group N.V. Coincheck Group Results for FY 2024, 2025, & 2026 Q1-Q2 Number of Verified Accounts 2.42M +15% YoY $8B +78% YoY Customer Assets1 $640M +54% vs. QoQ FY26 Q2 Marketplace Trading Volume ($M) FY24 FY25 % YoY FY26 Q1 FY26 Q2 % QoQ Revenue $1,514 $2,591 71% $568 $900 58% Cost of
Slide 8: Recent Business Highlights
@2025 Coincheck Group N.V. $0.4m $2.6m $5.4m Q4'25 Q1'26 Q2'26 Recent Business Highlights Strategic partnership with Mercoin, Inc. announced in Aug 2025; expected launch in H1 2026. A frictionless UX enables mercoin users to trade additional crypto assets and create a Coincheck account without leavi
Slide 9: Significant Crypto Market Tailwinds
@2025 Coincheck Group N.V. $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 Oct-15 Oct-17 Oct-19 Oct-21 Oct-23 Oct-25 9 Significant Crypto Market Tailwinds ✔ $4T+1 crypto market cap ✔ Bitcoin and Ether U.S. ETF approvals ✔ Passage / implementation of MiCA in Europe ✔ Passage of Japan stablecoin
Slide 10: Global Crypto Market Landscape
@2025 Coincheck Group N.V. Global Crypto Market Landscape Japan's digital asset adoption remains relatively low, representing significant growth opportunity by catching-up to economic peers Crypto Adoption by Market Snapshot3 1: As of September 30, 2025. 2: Note: Logos are representative of firms in
Slide 11: Japan Crypto Market Landscape
@2025 Coincheck Group N.V. 2.42m 18％ ✔ Japan is the 4th largest global economy ($4t GDP)4 but only 10%3 of Japanese population owns crypto (vs. 17%5 of US population), reflecting the nascency of the Japanese market ✔ Japan’s thoughtful crypto regulatory model is designed around protecting the consum
Slide 12: Coincheck, a Leading Japanese Crypto Platform
@2025 Coincheck Group N.V. Coincheck, a Leading Japanese Crypto Platform Providing Japanese Customers & Institutions with Direct Access to the Global Crypto Economy • Wholly-owned subsidiary of Coincheck Group • Leading Japanese crypto exchange • Operates one of the largest domestic multi-cryptocurr
Slide 13: Coincheck at a Glance
@2025 Coincheck Group N.V. Coincheck at a Glance Note: Figures in JPY converted to USD based on exchange rate of 147.97 JPY per 1.00 USD reported by the Federal Reserve Bank of New York as of 9/30/2025. Coincheck FY ended 3/31; 1 As of 9/30/2025; 2 Does not include NFTs deposited by customers; 3 LTM
Slide 14: Coincheck Retail Business Overview
@2025 Coincheck Group N.V. Coincheck has established a solid position as the first-choice2 crypto asset trading account among domestic exchanges No. 12 Domestic market share for 6 consecutive years Coincheck Retail Business Overview 1: As of September 30, 2025. 2: Based on cumulative download rankin
Slide 15: Coincheck Crypto-as-a-Service (CaaS)
@2025 Coincheck Group N.V. Coincheck CaaS empowers platforms to offer regulated, in-app crypto trading – seamlessly and securely – without building their own exchange. Coincheck handles provisioning, custody, and execution, so partners can focus entirely on user experience. ✔ Announced strategic par
Slide 16: Global Regulatory Landscape
@2025 Coincheck Group N.V. Japan stands out as a market for crypto activity Global Regulatory Landscape Jurisdiction Regulatory framework Licensing / Registration Travel rule Stablecoins Japan United States Europe* Brazil Hong Kong India Singapore Taiwan United Arab Emirates Legislation / Regulation
Slide 17: Robust KYC / AML and Compliance Infrastructure in Place
@2025 Coincheck Group N.V. Accounting & Listing Department conduct initial evaluation 1 Legal & Compliance conduct additional review2 Accounting & Listing Department formulates proposal for handling the cryptocurrency and submits to Management 3 Management reviews and approves4 Resolution is reporte
Slide 18: Robust Financial Model with High Incremental Profitability
@2025 Coincheck Group N.V. Robust Financial Model with High Incremental Profitability +11% +10% +16% (74%) +27% 4.3% 4.3% (0.2%) 1.7%3.6% +71% 1.5% +15%5 Note: Figures in JPY converted to USD based on exchange rate of 147.97 JPY per 1.00 USD reported by the Federal Reserve Bank of New York as of 9/3
Slide 19: Monthly Key Performance Metrics
@2025 Coincheck Group N.V. 19 Monthly Key Performance Metrics Note: Figures in JPY converted to USD based on exchange rate of 147.97 JPY per 1.00 USD reported by the Federal Reserve Bank of New York as of 9/30/2025; 1 J-GAAP customer assets = crypto currencies deposited by customers + fiat currency
Slide 20: Accelerating Staking Capabilities and Scale
@2025 Coincheck Group N.V. Accelerating Staking Capabilities and Scale ✔ Blockchain infrastructure and staking service provider ✔ Headquartered in Tokyo, Japan ✔ Only domestic provider of staking services in Japan ✔ Next Finance Tech will continue to operate as a global provider of blockchain infras
Slide 21: Next Finance Tech Initiatives
@2025 Coincheck Group N.V. Next Finance Tech (Next Finance) Initiatives Next Finance x Coincheck Prime Next Finance x CircleNext Finance x Coincheck To expand recurring revenue from the ¥1.2 trillion1 in client assets managed by Coincheck, the company will transition to Next Finance’s staking platfo
Slide 22: Appendix
Appendix a
Slide 23: Management and Board
@2025 Coincheck Group N.V. Oki Matsumoto Director with the title Executive Chairperson Founder of Monex, and the Representative Executive Officer of Monex Group, Inc. Gary Simanson Director & President with the title Chief Executive Officer Founder of Thunder Bridge Capital, LLC and has served as it
Slide 24: Adjusted EBITDA Reconciliation
@2025 Coincheck Group N.V. Adjusted EBITDA Reconciliation ($M) FY24 FY25 Q’2 25 Q’2 26 Net Profit (Loss) $13.3 ($96.9) $0.1 $2.4 (+) Income Tax Expenses (Benefits) 5.9 6.7 — 3.7 Profit (Loss) before Income Taxes 19.2 (90.3) 0.1 6.1 (+) Interest Expense 0.0 0.2 — 0.3 (+) Depreciation & Amortization 4
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