Integrated Report 2025

‌MONEX GROUP

INTEGRATED REPORT 2025

‌MONEX GROUP INTEGRATED REPORT 2025‌

Founding Philosophy

Introduction

Management Message

Monex Group's Value Creation

Foundation Supporting Value Creation

Strategies of Major Group Companies

Data Section

Four months before founding MONEX, I wrote something like a founding prospectus and presented it to the prospective founding members, explaining the kind of company I intended to build. It was a very brief and concise document. It contained two key points that in today's terms we would refer to as "governance." The first was that we would operate the company strictly in accordance with the Companies Act (then the Commercial Code). There would be no unwritten rules. We would execute the law not for appearances' sake, but faithfully, exactly as written. This meant acknowledging that, as the law requires, both minority and majority shareholders share the same risks

and returns. It also meant respecting the Board of Directors as a decision-making body and, in particular, recognizing the significant role of outside directors. The second point was our commitment to welcome individuals more talented than us founding members into positions higher than our own-in other words, true meritocracy. I think this was also another way of expressing our belief that the company does not belong to us, but to its stakeholders. Established even before our founding, these principles remain entirely unchanged to this day.

Chairman of the Board Monex Group, Inc.

01

‌MONEX GROUP INTEGRATED REPORT 2025

History

Introduction

Management Message

Monex Group's Value Creation

Foundation Supporting Value Creation

Strategies of Major Group Companies

Data Section

Since its founding in 1999, Monex Group has pursued the realization of its corporate philosophy by expanding its scale and global reach through M&A, while pursuing an optimal portfolio and creating innovation to enhance its corporate value.

New Beginning

October 2017

Global Vision October 2010

April 2021

P.19

Under a new management system, aiming to expand existing and new businesses with the goal of achieving our corporate philosophy of "optimizing each person' s lifetime balance sheet."

Start of New Management System June 2023

April 2025

Acquired stake in

April 1999

December 2010

June 2011

April 2018

Acquired 100% of Coincheck (Japan)

Feature: Creating Innovation as

a Source of Growth

January 2024

Completed capital and business alliance between Monex, Inc. and NTT DOCOMO

April 2024

Acquired stake in

Westfield Capital Management (U.S.)

December 2024

Coincheck Group listed on Nasdaq

October 2024

Sold Boom Securities

April 1999

Monex, Inc. established

Acquired 100% of

Boom Group (Hong Kong)

Domestic M&A in

Online Brokerage Business

Acquired 100% of TradeStation (U.S.)

Overseas Expansion of Online Brokerage Business

3iQ Digital Holdings (Canada)

Entry into Crypto Asset Related Business

New Growth

1999

2000

2005

2010

2015

2020

2025 20XX

02

‌MONEX GROUP INTEGRATED REPORT 2025

Business Domains of the Monex Group

Introduction

Management Message

Monex Group's Value Creation

Foundation Supporting Value Creation

Strategies of Major Group Companies

Data Section

New Segment

Group Companies

Docomo Monex Holdings, Inc.

Intermediate Holding Company

(Equity-method affiliate)

Monex, Inc.

Comprehensive investment service provider

Shareholding Ratio: 51%

Shareholding: As of the end of March 2025

Coincheck Group N.V.

TradeStation Group, Inc.

Intermediate Holding Company

Shareholding Ratio: 100%

TradeStation Securities, Inc.

Online securities firm in the U.S. with a specialized customer base of active traders

TradeStation Technologies, Inc.

[Nasdaq: CNCK]

Intermediate Holding Company

Shareholding Ratio: 83%

Coincheck, Inc.

Offering Coincheck,

a crypto asset exchange

Shareholding Ratio: 83%

Next Finance Tech Co., Ltd.

Providing staking services

Shareholding Ratio: 83%

Venture capital business

Shareholding Ratio: 100%

Invests in domestic and overseas startup companies across a wide range of business domains

Human resource development business

Shareholding Ratio: 100%

Operates services related to skills development, including STEAM education and support systems for the care and education of children with disabilities

Generative AI business

Shareholding Ratio: 100%

Operates "Crew," a generative AI platform that supports the use of AI in enterprises

Genome & Health

Shareholding Ratio: 33%

Planning and operation of data platforms related to genomics and healthcare

03

Shareholding Ratio: 100%

Japanese asset management company that strengthens bond management alongside quantitative investment

Shareholding

Ratio: 100%

Investment advisory firm that promotes transformation in

Japanese companies through engagement

Shareholding Ratio: 66%

Crypto asset management company holding license in

Ontario, Canada

Shareholding Ratio: 20%

Asset management company that invests primarily in small- and mid-cap equities in the U.S.

Shareholding Ratio: 55%

Provides private banking services for high-net-worth clients

Monex SP Trust,Inc.

Shareholding

Ratio: 97%

Provides custodial trust services for the administration and disposition of trust assets

‌MONEX GROUP INTEGRATED REPORT 2025

Current Position of the Monex Group

Introduction

Management Message

Monex Group's Value Creation

Foundation Supporting Value Creation

Strategies of Major Group Companies

Data Section

04

50

* Including consolidated subsidiaries

and equity-method affiliates

Group Companies

Number of Companies

(as of March 31, 2025)

JPY11.3

trillion

Monex, Inc.

JPY

Assets

in Custody

(FYE Mar. 2025)

Coincheck

JPY

TradeStation

JPY

84

In Japan

Breakdown

Monex, Inc.: 406

TradeStation: 637

Coincheck: 216

Others: 225

* Including equity-method affiliates such as Monex, Inc.

9%

27%

18%

Percentage of Women Managers

36%

42%

36%

Percentage of

Employees

Who are Engineers

Number of Employees

(as of Marc1h 31, 2,0245)

Overseas

million

JPY

1,900

Profits of Equity

Method Investments

(FYE Mar. 2025)

million

JPY

67,600

Total Operating Revenue After Deducting Financial Expenses and Cost of Sales

(FYE Mar. 2025)

Number of Accounts

(FYE Mar. 2025)

5.17accounts

million

Coincheck Monex, Inc.

million accounts million accounts

TradeStation

million accounts

TSR (FYE Mar. 2025)

Over 5 Years

474%