Coincheck business, first quarter falls into the red – Monex Group announces earnings report | CoinDesk JAPAN

robot
Abstract generation in progress

Coincheck business, Q1 turns to deficit - Monex G announces financial results

It was revealed in the financial results for the first quarter of the fiscal year ending March 2026 (April 1, 2025 - June 30, 2025) announced by Monex Group on August 7 that the crypto asset business, which focuses on cryptocurrency exchange, incurred a loss.

The same business segment is primarily composed of Coincheck and its parent company, Coincheck Group N.V., and recorded a segment loss of 1.25 billion yen in the current quarter. In the same period last year, there was a profit of 644 million yen.

The background of this loss is a decrease in revenue and an increase in expenses. Operating revenue amounted to 2.7 billion yen, down 13.4% compared to the same period last year.

As a main breakdown, the acceptance fees decreased by 71.4% year-on-year to 189 million yen due to the absence of IEO (Initial Exchange Offering) related revenues that were recorded in the same period last year, and the trading profit and loss also decreased by 15.4% year-on-year to 2.075 billion yen due to a decrease in trading volume at the sales office.

On the other hand, selling and general administrative expenses increased by 44.4% to 3.57 billion yen.

This is due to the increase in personnel costs and professional fees required as a publicly listed company for Coincheck Group N.V., which was listed on the US NASDAQ in December 2024.

Related article: Monex Group's cryptocurrency business sees revenue growth but incurs losses due to NASDAQ listing costs [Fiscal Year Ending March 2025]

Looking at the trading trends for this quarter at Coincheck, the trading volume of cryptocurrency sales at the sales office was 61.5 billion yen, a decrease of 15.7% compared to the same period last year, while the trading volume at the exchange was 1.052 trillion yen, an increase of 0.2%, remaining nearly flat.

[Recommended Reading] First IEO at Coincheck, target of 930 million yen surpassed in 6 minutes.

Coincheck collaborates with a cyber subsidiary for NFT business.

Coincheck to start selling SKE48 NFT trading cards

Coincheck

Coincheck Incident

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)