Monex Group, Inc. · TSE:8698

Monex — FY2025 Earnings Presentation

25 slides from Monex's earnings presentation, May 9, 2025

  1. Slide 1: Data Book: Financial Results for the Fiscal Year Ending March 31, 2025

    TSE Prime: 8698 Monex Group DATABOOK Financial Results for the Fiscal Year Ending March 31, 2025 May 9, 2025

  2. Slide 2: Table of Contents

    Table of Contents P.1 I. Market & Transaction Data P.2 ~ P.6 II. Financial Data P.7 ~ P.23 This is an English translation of Japanese presentation material prepared in connection with the disclosure of the financial results of Monex Group, Inc. It includes information derived from the consolidated f

  3. Slide 3: I. Market & Transaction Data

    I. Market & Transaction Data © Monex Group, Inc. 2

  4. Slide 4: Market and Transaction Data (1) U.S., and Crypto Asset Segment

    Market and Transaction Data (1) U.S., and Crypto Asset Segment FYE Mar. 2023 FYE Mar. 2024 FYE Mar. 2025 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q U.S. Segment - TradeStation Group Customers’ Assets in Custody (JPY million) (*1) 1,340,245 1,536,428 1,540,512 1,480,051 1,825,064 2,008,875 1,839,080 2,118,031 1,871,

  5. Slide 5: Market and Transaction Data (2) Number of Employees

    Market and Transaction Data (2) Number of Employees FYE Mar. 2023 FYE Mar. 2024 FYE Mar. 2025 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Japan Segment 513 538 537 537 158 205 208 213 212 Monex Group, Inc. 42 42 43 46 53 57 57 58 57 Monex, Inc. (*1) 365 380 380 380 - - - - - Others 106 116 114 111 105 148 151 155 15

  6. Slide 6: Market and Transaction Data (3) Equity-method affiliate - Monex, Inc.

    Market and Transaction Data (3) Equity-method affiliate - Monex, Inc. FYE Mar. 2023 FYE Mar. 2024 FYE Mar. 2025 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Customers’ Assets in Custody (JPY million）(*1) Equities 3,828,186 4,193,533 4,338,468 4,384,456 5,028,614 5,190,171 4,947,206 5,221,261 5,065,669 Bonds 174,074 1

  7. Slide 7: Market and Transaction Data (4) Equity method affiliates - Monex, Inc.

    Market and Transaction Data (4) equity method affiliates of the Company - Monex, Inc. FYE Mar. 2023 FYE Mar. 2024 FYE Mar. 2025 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Equities and ETFs, etc. Total trading volume of individual investors of 2 Japanese major markets （ JPY 100million/day ） 16,630 20,089 20,810 21,4

  8. Slide 8: II. Financial Data

    II. Financial Data © Monex Group, Inc. 7

  9. Slide 9: Quarterly consolidated financial results

    Quarterly consolidated financial results (JPY million) FYE Mar. 2024 FYE Mar. 2025 4Q 1Q 2Q 3Q 4Q Commission received 7,844 8,625 7,744 7,908 8,171 Net trading income 4,128 2,452 1,824 4,388 3,191 Financial income 7,028 7,150 6,701 6,453 5,868 Sales 24 1 15 12 -0 Other operating income 910 1,017 984

  10. Slide 10: Quarterly consolidated financial results (Reclassified)

    Quarterly consolidated financial results (Reclassified) (JPY million) FY E Mar. 2024 FY E Mar. 2024 FY E Mar. 2024 FY E Mar. 2025 4Q 1Q 2Q 3Q 4Q 4Q 1Q 2Q 3Q 4Q Brokerage commissions 3,954 3,994 3,730 3,613 4,020 Transaction-related expenses 4,227 4,769 4,267 4,645 5,259 Stocks and ETFs 621 653 611 5

  11. Slide 11: Quarterly financial results by segment: Japan Segment

    Quarterly financial results by segment Japan Segment (JPY million) FY E Mar. 2024 FY E Mar. 2025 FY E Mar. 2024 FY E Mar. 2025 4Q 1Q 2Q 3Q 4Q 4Q 1Q 2Q 3Q 4Q Brokerage commissions - - - - - Transaction-related expenses 387 556 629 606 593 Stocks and ETFs - - - - - Commissions paid 279 336 380 366 390

  12. Slide 12: Quarterly financial results by segment: US Segment

    Quarterly financial results by segment US Segment (JPY million) FYE Mar. 2024 FYE Mar. 2025 FYE Mar. 2024 FYE Mar. 2024 4Q 1Q 2Q 3Q 4Q 4Q 1Q 2Q 3Q 4Q Brokerage commissions 3,817 3,823 3,575 3,594 4,011 Transaction-related expenses 3,224 3,315 3,053 3,179 3,690 Stocks and ETFs 501 503 466 527 564 Com

  13. Slide 13: Quarterly financial results by segment: US Segment (USD)

    Quarterly financial results by segment US Segment (USD thousand) FYE Mar. 2024 FYE Mar. 2025 FYE Mar. 2024 FYE Mar. 2025 4Q 1Q 2Q 3Q 4Q 4Q 1Q 2Q 3Q 4Q Brokerage commissions 25,657 24,373 24,144 23,515 26,389 Transaction-related expenses 21,594 21,136 20,630 20,803 24,273 Stocks and ETFs 3,370 3,206

  14. Slide 14: Quarterly financial results by segment: Crypto Asset Segment

    Quarterly financial results by segment Crypto Asset Segment (JPY million) FYE Mar. 2024 FYE Mar. 2025 FYE Mar. 2024 FYE Mar. 2025 4Q 1Q 2Q 3Q 4Q 4Q 1Q 2Q 3Q 4Q Brokerage commissions 18 21 11 18 9 Transaction-related expenses 546 817 509 854 975 Stocks and ETFs - - - - - Commissions paid 131 138 78 1

  15. Slide 15: Quarterly financial results by segment: Investment Segment

    Quarterly financial results by segment Investment Segment (JPY million) FYE Mar. 2024 FYE Mar. 2025 FYE Mar. 2024 FYE Mar. 2025 4Q 1Q 2Q 3Q 4Q 4Q 1Q 2Q 3Q 4Q Brokerage commissions - - - - - Transaction-related expenses 4 10 7 7 2 Stocks and ETFs - - - - - Commissions paid 0 1 1 1 0 Options and Futur

  16. Slide 16: Quarterly financial results Monex, Inc. (JGAAP)

    Quarterly financial results Monex, Inc. (JGAAP) (JPY million) FYE Mar. 2024 FYE Mar. 2025 FYE Mar. 2024 FYE Mar. 2025 4Q 1Q 2Q 3Q 4Q 4Q 1Q 2Q 3Q 4Q Brokerage commission 3,039 2,579 2,781 2,495 2,412 Transaction-related expenses 3,209 2,996 3,271 3,175 3,365 Stocks and ETFs 2,979 2,517 2,708 2,440 2,

  17. Slide 17: Yearly consolidated financial results

    Yearly consolidated financial results (JPY million) FYE Mar. 2024 FYE Mar. 2025 Variance Change Commission received 37,763 32,448 -5,315 -14.1% Net trading income 13,193 11,854 -1,339 -10.2% Financial income 34,746 26,172 -8,574 -24.7% Sales 253 27 -225 -89.1% Other operating income 1,725 4,014 2,28

  18. Slide 18: Yearly consolidated financial results (Reclassified)

    Yearly consolidated financial results (Reclassified) (JPY million) FYE Mar.2024 FYE Mar.2025 Variance Change FYE Mar.2024 FYE Mar.2025 Variance Change Brokerage commissions 22,032 15,357 -6,675 -30.3% Transaction-related expenses 22,780 18,941 -3,839 -16.9% Stocks and ETFs 9,334 2,356 -6,979 -74.8%

  19. Slide 19: Yearly financial results by segment: Japan Segment

    Yearly financial results by segment Japan Segment (JPY million) FYE Mar.2024 FYE Mar.2025 Variance Change FYE Mar.2024 FYE Mar.2025 Variance Change Brokerage commissions 7,428 - -7,428 -100.0% Transaction-related expenses 7,803 2,383 -5,421 -69.5% Stocks and ETFs 7,248 - -7,248 -100.0% Commissions p

  20. Slide 20: Yearly financial results by segment: US Segment

    Yearly financial results by segment US Segment (JPY million) FYE Mar.2024 FYE Mar.2025 Variance Change FYE Mar.2024 FYE Mar.2025 Variance Change Brokerage commissions 14,362 15,002 640 4.5% Transaction-related expenses 13,202 13,237 35 0.3% Stocks and ETFs 1,887 2,059 172 9.1% Commissions paid 5,938

  21. Slide 21: Yearly financial results by segment: Crypto Asset Segment

    Yearly financial results by segment Crypto Asset Segment (JPY million) FYE Mar.2024 FYE Mar.2025 Variance Change FYE Mar.2024 FYE Mar.2025 Variance Change Brokerage commissions 42 58 16 37.9% Transaction-related expenses 1,822 3,155 1,333 73.2% Stocks and ETFs - - - - Commissions paid 367 463 97 26.

  22. Slide 22: Yearly financial results by segment: Investment Segment

    Yearly financial results by segment Investment Segment (JPY million) FYE Mar.2024 FYE Mar.2025 Variance Change FYE Mar.2024 FYE Mar.2025 Variance Change Brokerage commissions - - - - Transaction-related expenses 16 25 9 54.5% Stocks and ETFs - - - - Commissions paid 2 3 1 28.5% Options and Futures -

  23. Slide 23: Yearly financial results Monex, Inc. (JGAAP)

    Yearly financial results Monex ,Inc. (JGAAP) (JPY million) FYE Mar.2024 FYE Mar.2025 Variance Change FYE Mar.2024 FYE Mar.2025 Variance Change Brokerage commission 10,467 10,269 -197 -1.9% Transaction-related expenses 10,191 12,809 2,618 25.7% Stocks and ETFs 10,227 10,024 -203 -2.0% Commissions pai

  24. Slide 24: Investments in securities

    Investments in securities (JPY million) As of As of Measurement method Description Mar. 31, 2024 March. 31, 2025 Total assets (*) 761,642 709,641 Investments in securities (*) 14,066 16,651 Fair Value Through Profit or Loss (FVTPL) Quoted prices (unadjusted) in active markets for identical assets or

  25. Slide 25: © Monex Group, Inc. www.monexgroup.jp/

    © Monex Group, Inc. www.monexgroup.jp/

Monex Group — FY2025 Earnings Presentation on 6ix