Monex Group (8698) Q1 2027 earnings summary

Executive summary

• Consolidated total operating revenue after deducting financial expenses and cost of sales was ¥19,389 million for the three months ended June 30, 2026, up 3.8% YoY but down 12% QoQ.

• Profit attributable to owners was ¥1,922 million, up 3.6% YoY but down 34% QoQ.

• Adjusted EBITDA reached ¥3.7B, up 15% QoQ and 6% YoY.

• Group-wide assets under custody rose to ¥14.1T, up 11% QoQ and 25% YoY.

• Total comprehensive income surged to ¥2,695 million from ¥886 million a year earlier.

Financial highlights

• Online brokerage segment operating revenue was ¥13,836 million (+11% YoY), with profit before tax at ¥2,966 million.

• Digital asset segment revenue was ¥3,198 million (-7% YoY), with a segment loss of ¥1,209 million.

• Asset & wealth management revenue was ¥1,464 million (+14% YoY), with segment profit at ¥654 million.

• SG&A expenses increased 10% YoY to ¥16.7B.

• Pre-tax income was ¥2,280 million, down 22.4% YoY and 26% QoQ.

Outlook and guidance

• Focus on growth strategies, profitability, and unlocking conglomerate premium through group synergies.

• ROE target set at 15%, with continued growth investment and balanced shareholder returns.

• Dividend forecast for FYE Mar. 2027 is ¥30.80 per share, with a minimum annual dividend of ¥30 per share.

• No earnings forecast disclosed due to high sensitivity to market and economic conditions.