Monex Group, Inc. · TSE:8698
Monex — SPAC Merger (April 2022)
20 slides from Monex's SPAC merger presentation, Apr 28, 2022
Slide 1: Financial Results for Fiscal Year Ending March 31, 2022
Financial Results for Fiscal Year Ending March 31, 2022 April 27, 2022 Monex Group TSE Prime : 8698
Slide 2: Disclaimer and Table of Contents
This is an English translation of Japanese presentation materials prepared in connection with the disclosure of the financial re sults of Monex Group, Inc. It includes information derived from the consolidated financial statements of Monex Group, Inc. wh ich are prepared in accordance with Internati
Slide 3: I. Highlights
MONEX GROUP I. Highlights
Slide 4: Increase Enterprise Value of Subsidiaries
Increase Enterprise Value of Subsidiaries Monex Group leveraged its diverse management resources to help TradeStation and Coincheck grow significantly. Comparison Valuation *1 # of customer accounts Customer assets Revenues *2 Joined Monex Group in Jun. 2011 Joined Monex Group in Apr. 2018 FYE 3/31/
Slide 5: Growth Strategy of Coincheck (Crypto Asset Segment)
Growth Strategy of Coincheck (Crypto Asset Segment ) With the rapid expansion of the crypto market, Coincheck Group N.V. ( Coincheck Group) will be newly established to further grow the crypto business and aims to list on NASDAQ in 2022. [Summary] - Establishes a new company, Coincheck Group, which
Slide 6: Growth Strategy of Coincheck: customer assets and verified accounts
1,205 1,355 1,430 1,534 1,620 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 0 100 200 300 400 500 600 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Coincheck’s customer assets and verified accounts # of verified accounts (right) Customer assets (left) Growth Strategy of Coincheck (Crypto Asset Segment
Slide 7: II. Consolidated Performance
Ⅱ . Consolidated Performance 15
Slide 8: Highlights FYE Mar. 2022 (12 months)
Highlights FYE Mar. 2022 (12 months) 16 Total revenue *1 was \ 28.6B, the highest ever since joining the group. Coincheck spent \ 5.7B on advertising to acquire new accounts with a view to increase revenues over the mid - to - long term. Segment profit was \ 13.9B . Crypto Asset * 1 Total operating
Slide 9: YoY Comparison (12 months) Analysis: Operating Revenue
YoY Comparison (12 months) Analysis: Operating Revenue Crypto: Net trading income increased due to higher trading value driven by account growth. Others increased due to an expansion of new businesses such as NFTs. *1 (JPY million) ■ Others (+1,615) ■ Net trading income (+6,185) *1 Quarterly total o
Slide 10: YoY Comparison (12 months) Analysis: SG&A
YoY Comparison (12 months) Analysis: SG&A Crypto: Advertising expenses significantly increased due to proactive marketing efforts, such as TV commercials for new account acquisition. SG&A Total +109.1 ％ (+ 7,780) *1 Professional fees: + \ 609M *2 One - time expenses of \ 1,524M for De - SPAC - relat
Slide 11: Highlights 4Q of FYE Mar. 2022 (3 months)
Highlights 4Q of FYE Mar. 2022 (3 months) 25 Total revenue decreased amidst a slower crypto market, though account growth remained strong. Coincheck announced plans to list on NASDAQ for further growth. It had one - time personnel expenses of \ 1.5B related to the De - SPAC, resulting in \ 1.1B in s
Slide 12: QoQ Comparison (3 months) Analysis: Operating Revenue
QoQ Comparison (3 months) Analysis: Operating Revenue Crypto: Net trading income decreased due to lower trading volumes amidst a slower crypto market. On the other hand, others increased due to new businesses, such as NFTs. Quarterly total operating revenue after deducting financial expenses and cos
Slide 13: QoQ Comparison (3 months) Analysis: SG&A
QoQ Comparison (3 months) Analysis: SG&A Crypto: Compensation and benefits increased due to one - time expenses related to De - SPAC. Advertising expenses have decreased and are in line with current market conditions. SG&A Total +10.3 ％ (+403 ) *1 One - time expenses of \ 1,524M for De - SPAC - rela
Slide 14: III. Business Update
MONEX GROUP Il. Business Update 38
Slide 15: Business Update Crypto Asset Segment 1/4
Business Update Crypto Asset Segment 1/4 45 Coincheck maintains a leading position in the crypto asset industry in Japan . No.1 market share in Japan for three consecutive years (by app downloads) 34.6% * 1 Verified accounts 1,620K +35% YoY (vs Mar. 31, 2021) Customer assets \ 481.0B +10% YoY (vs Ma
Slide 16: Business Update Crypto Asset Segment 2/4
Business Update Crypto Asset Segment 2/4 46 Coincheck leads Japan’s leading position in NFTs as well as crypto trading . NFT Coincheck NFT (β version) • First regulated Japanese exchange dedicated to NFTs. • Coincheck NFT (β version) is integrated with Coincheck , a crypto asset trading exchange, an
Slide 17: Business Update Crypto Asset Segment 3/4
Business Update Crypto Asset Segment 3/4 47 Coincheck intends to create and expand its digital economic sphere with an eye on Web 3.0 through its NFT/ Metaverse initiatives . Metaverse /Web3.0 Oasis TOKYO ・ Oasis Kyoto • Launched a project to create a year 2035 near - future cities, "Oasis TOKYO" an
Slide 18: Business Update Crypto Asset Segment 4/4
Business Update Crypto Asset Segment 4/4 48 Coincheck has identified numerous large growth opportunities that can be pursued organically and accelerated through M&A or partnerships . NFTs Financial services adjacencies Marketplace / IEO Continue to grow customer base and revenue to retain #1 market
Slide 19: Disclaimer
Disclaimer 68 About TradeStation Group Cautionary Statement Regarding Forward - Looking Statements This communication contains forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 199 5, as amended, that reflect TradeStation’s current views with respect
Slide 20: © Monex Group, Inc. www.monexgroup.jp/
© Monex Group, Inc. www.monexgroup.jp/