Coincheck Group N.v. · NASDAQ:CNCK
Coincheck — Q4 2026 Earnings Presentation
38 slides from Coincheck's earnings presentation, May 12, 2026
Slide 1: One integrated digital finance platform. Connection. Resilience. Growth.
NASDAQ: CNCK One integrated digital finance platform. Connection. Resilience. Growth. COINCHECK GROUP, MAY 2026
Slide 2: Disclaimer
Disclaimer No Offer or Solicitation applicable securities laws. You are cautioned not to place undue in part. Annualized, pro forma, projected and estimated numbers, if reliance on these forward-looking statements, which speak only as of included, are used for illustrative purpose only, are not fore
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, MAY 2026 3
Slide 4: Coincheck Group: From exchange to platform
Coincheck Group: From exchange to platform COINCHECK GROUP, MAY 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, MAY 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, The edge that extends future growth and brand broader 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, MAY 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, MAY 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, MAY 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, MAY 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, MAY 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, MAY 2026 12
Slide 13: The problem we are solving
The problem we are solving COINCHECK GROUP, MAY 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 are filling. COINCHECK GROUP, MAY 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, MAY 2026 15
Slide 16: Why Coincheck Group?
Why Coincheck Group? COINCHECK GROUP, MAY 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, The Dynamic Active Multi-Crypto ETF (DXMC) has launched
Slide 18: 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, MAY 2026 18
Slide 19: 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, MAY 2026 19
Slide 20: 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, The edge that extends future growth and brand broader capability and st
Slide 21: 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, MAY 2026 21
Slide 22: We are building on success
We are building on success COINCHECK GROUP, MAY 2026 22
Slide 23: Japan's #1 crypto app downloads for seven consecutive years
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 24: 2.5m verified retail accounts
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, MAY 2026 2
Slide 25: Approximately $4.6b in Customer Assets
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, M
Slide 26: Approximately $810m in institutional AUM
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 27: Approximately $2b in staked assets
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, MAY 2
Slide 28: 60+ institutional clients
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 These are not slides about aspiration. They are slides about strategic foundations. COINCHECK GROUP, MAY 2026 28
Slide 29: Moving forward
Moving forward COINCHECK GROUP, MAY 2026 29
Slide 30: What is to change?
What is to change? Increasing More recurring institutional and Improved Operating AUM and non-trading monetization leverage revenue revenue contribution COINCHECK GROUP, MAY 2026 30
Slide 31: Why Coincheck Group is attractive
Why Coincheck Group is attractive It is attractive because it combines: Regulated A clear route Real users Institutional market to higher-quality and assets capability positioning revenue COINCHECK GROUP, MAY 2026 31
Slide 32: 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 • show institutional traction • improve revenue mix and markets • deepen the Japan p
Slide 33: 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, MAY 2026 33
Slide 34: Appendix
Appendix COINCHECK GROUP, MAY 2026 34
Slide 35: Financial highlights
Financial highlights $2b 2.5m $4.6b $810m $82m $10.4m Marketplace Verified User Customer Assets Under Adjusted Adjusted Trading Volume Accounts Assets Management Revenue EBITDA For the Fiscal Year ended As of March 31, 2026 As of March 31, 2026 As of March 31, 2026 For the Fiscal Year ended For the
Slide 36: Adjusted revenue reconciliation
Adjusted revenue reconciliation ($m) FY25 FY26 Q’3 26 Q’4 26 Total Revenue $2,409.7 $3,018.9 $901.8 $752.4 (-) Commission Received (9.4) (8.5) (4.1) (1.4) (-) Staking Revenue — (16.2) (4.9) (3.9) (-) Investment Management Fee Revenue — (0.9) — (0.9) (-) Other Revenue (0.8) (2.2) (0.7) (0.7) Total Tr
Slide 37: Adjusted EBITDA reconciliation
Adjusted EBITDA reconciliation ($m) FY25 FY26 Q’3 26 Q’4 26 Net Profit (Loss) $(90.2) $(11.5) $2.6 $(7.6) (+) Income Tax Expenses (Benefits) 6.2 6.0 2.5 (0.7) Profit (Loss) before Income Taxes (84.0) (5.5) 5.1 (8.3) (+) Interest Expense 0.2 1.0 0.4 0.4 (+) Depreciation & Amortization 4.6 4.9 1.9 0.7
Slide 38: One integrated digital finance platform. Connection. Resilience. Growth.
NASDAQ: CNCK One integrated digital finance platform. Connection. Resilience. Growth. For Investor Relations, contact: coincheckIR@icrinc.com COINCHECK GROUP, MAY 2026