Monex Group (8698) Q2 2027 earnings summary

Executive summary

• 2Q operating revenue was ¥16,499M, down 1% QoQ, and adjusted EBITDA was ¥3,499M, down 5.3%; reported attributable loss was ¥3,492M, while adjusted attributable profit was ¥1,581M.

• H1 FY27 revenue was ¥38,013M, down 5.9% YoY, and attributable net loss was ¥1,569M versus ¥4,549M profit a year earlier; consolidated pretax loss was ¥2,238M.

• Digital Asset losses and weak crypto activity contrasted with improved Online Brokerage profit and expanding brokerage customer assets and asset-management AUM.

Financial highlights

• 2Q operating revenue after financial expenses and cost of sales was ¥16,499M, down ¥185M or 1% QoQ; SG&A was ¥16,445M, down 1%.

• H1 operating revenue after financial expenses and cost of sales was ¥33,184M, down 4% YoY; SG&A rose 10% to ¥33,102M, leaving ¥82M equivalent to operating income.

• H1 total expenses rose to ¥44,487M from ¥36,778M; other financial expenses were ¥3,391M versus ¥914M.

• H1 profit before income taxes was a ¥2,238M loss versus ¥7,658M profit; income tax expense was ¥696M versus ¥3,232M.

• H1 total comprehensive loss was ¥5,499M versus income of ¥4,686M.

Outlook and guidance

• FY27 earnings forecasts were not issued because results are materially affected by economic and market conditions.

• FYE Mar. 2027 annual dividend forecast is ¥30.80 per share, split equally between interim and year-end payments; no revision was made.

• Digital-asset strategy prioritizes core-business efficiency, considers traditional financial products and institutional SMA services, and plans disciplined international expansion.

• On-chain finance work includes research into tokenized assets, stablecoins and financial infrastructure, and exploration of implementation in Japan.