Monex Group, Inc.
Q2 Earnings Presentation
Earnings for the second quarter of the fiscal year ending March 2027. Consolidated revenue progressed across segments, while profits were pressured mainly by certain cost factors in the Digital Asset business. Excluding one-time items such as an impairment on valuation of Westfield earn-out liabilities, the underlying trend shows improvement. The capital policy maintains an ROE target of 15%. In line with shareholder return policy, dividends will be paid and share buybacks will be conducted flexibly.
Key Figures
- Revenue: 16,685 million yen (Quarter-on-quarter -1%)
- Profit before tax for the quarter: -6,798 million yen (Quarter-on-quarter)
- Adjusted EBITDA: ▲5.3% (Quarter-on-quarter)
AI要約
Summary of Results
In Q2 of the fiscal year ending March 2027, Monex Group, Inc. recorded consolidated revenues that held steady by segment. Excluding one-time factors (such as an impairment on valuation of Westfield earn-out liabilities and goodwill impairments), underlying profitability showed signs of improvement. The Digital Asset business was affected by reduced marketplace transactions and other factors, putting pressure on profits. Overall operating profit and net profit declined versus the prior period, while steady growth in Asset Management and Wealth Management businesses is expected to provide support.
Outlook and Shareholder Returns
The capital policy continues to target an ROE of 15%, maintaining a balance between growth investments and shareholder returns. The basic dividend policy remains to set the floor for annual dividends at 30 yen per share, and flexible share buybacks will be implemented. The total shareholder capital return ratio for FY2025–2026 is about 18.3%, aiming to enhance long-term shareholder value.
Revenue by Segment
Monex Group, Inc.
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