Monex Group
Investments
5Portfolio Exits
2Partners & Customers
10
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Latest Monex Group News
Jul 28, 2023
The Japan-based financial services company Monex Groupreleased its financial results for the first quarter of the fiscal year endingMarch 31, 2024 (April 1, 2023 to June 30, 2023). In the three-month period, the group reported an impressive performance inprofit and revenue after turning around losses from its business in the US. Monex’s operating revenueincreased 16% to JPY ¥19billion (USD $136 million) in the quarter compared to the corresponding period of last year. Itsprofit more than doubled as it increased 142% year-over-year to JPY ¥2.3 billion (USD $16.5 million)during the quarter. Similarly, the company’s earnings per share increased to JPY¥9.42 from JPY ¥3.58. TradeStationBusiness Segment Monex’s majorrevenue segments are the Japanese business segment, the US business(TradeStation Securities), and the crypto asset segment. In the quarter, TradeStationSecurities reported JPY ¥1.4 billion (USD $10 million) in revenue, an increase from a loss of JPY ¥2 billion (USD $14 million) in the correspondingquarter of 2022. The Japanesebusiness declined 28% to JPY ¥1.7billion (USD $12 million), while the crypto asset segment dropped to a loss of JP ¥396million (USD $2.8 million) from a profit of JP ¥415million (USD $3 million) in the same period last year. Additionally, Monex’s investmentssegment saw an uptick of 35%, while the Asia-Pacific business sank deeper into lossesas it reported a loss of JP ¥45million (USD $323,000). Keep Reading Besides that, FinanceMagnates reported that Monex Group had announced changesin its senior management across Monex, Inc., cryptocurrency tradingplatform Coincheck, and Japan Catalyst, among its other subsidiaries, in June. YukoSeimei currently leads the executive team as the President, RepresentativeExecutive Officer, and CEO. The Japan-based financial services company Monex Groupreleased its financial results for the first quarter of the fiscal year endingMarch 31, 2024 (April 1, 2023 to June 30, 2023). In the three-month period, the group reported an impressive performance inprofit and revenue after turning around losses from its business in the US. Monex’s operating revenueincreased 16% to JPY ¥19billion (USD $136 million) in the quarter compared to the corresponding period of last year. Itsprofit more than doubled as it increased 142% year-over-year to JPY ¥2.3 billion (USD $16.5 million)during the quarter. Similarly, the company’s earnings per share increased to JPY¥9.42 from JPY ¥3.58. TradeStationBusiness Segment Monex’s majorrevenue segments are the Japanese business segment, the US business(TradeStation Securities), and the crypto asset segment. In the quarter, TradeStationSecurities reported JPY ¥1.4 billion (USD $10 million) in revenue, an increase from a loss of JPY ¥2 billion (USD $14 million) in the correspondingquarter of 2022. The Japanesebusiness declined 28% to JPY ¥1.7billion (USD $12 million), while the crypto asset segment dropped to a loss of JP ¥396million (USD $2.8 million) from a profit of JP ¥415million (USD $3 million) in the same period last year. Additionally, Monex’s investmentssegment saw an uptick of 35%, while the Asia-Pacific business sank deeper into lossesas it reported a loss of JP ¥45million (USD $323,000). Keep Reading
Monex Group Investments
5 Investments
Monex Group has made 5 investments. Their latest investment was in ABCash as part of their Series C on March 3, 2022.
Monex Group Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
3/29/2022 | Series C | ABCash | $9.77M | Yes | 2 | |
5/11/2020 | Series A | |||||
1/7/2020 | Series A | |||||
8/1/2019 | Series B | |||||
6/19/2019 | Series A |
Date | 3/29/2022 | 5/11/2020 | 1/7/2020 | 8/1/2019 | 6/19/2019 |
|---|---|---|---|---|---|
Round | Series C | Series A | Series A | Series B | Series A |
Company | ABCash | ||||
Amount | $9.77M | ||||
New? | Yes | ||||
Co-Investors | |||||
Sources | 2 |
Monex Group Portfolio Exits
2 Portfolio Exits
Monex Group has 2 portfolio exits. Their latest portfolio exit was Coincheck on March 22, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
3/22/2022 | Acq - Pending | 10 | |||
Date | 3/22/2022 | |
|---|---|---|
Exit | Acq - Pending | |
Companies | ||
Valuation | ||
Acquirer | ||
Sources | 10 |
Monex Group Acquisitions
10 Acquisitions
Monex Group acquired 10 companies. Their latest acquisition was OmSister on November 17, 2022.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
11/17/2022 | Acquired | 1 | ||||
11/17/2022 | Acquired | 1 | ||||
7/29/2022 | Seed / Angel | $1.07M | Acquired | 1 | ||
4/5/2022 | ||||||
11/26/2021 | Series A |
Monex Group Partners & Customers
10 Partners and customers
Monex Group has 10 strategic partners and customers. Monex Group recently partnered with AEON Bank on December 12, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
12/27/2022 | Client | Japan | Japan’s AEON Bank Taps Monex for Enhancing Asset Management Offerings It specified that the partnership would boost AEON Bank 's product and services lineup , including offered mutual funds , from approximately 300 to 1,200 . | 1 | |
1/4/2022 | Partner | Japan | The impact of the Partnership on the consolidated financial results of the Monex Group , Inc. and the Shinsei Bank is immaterial . | 1 | |
5/1/2021 | Partner | Japan | |||
10/19/2018 | Partner | ||||
4/5/2016 | Vendor |
Date | 12/27/2022 | 1/4/2022 | 5/1/2021 | 10/19/2018 | 4/5/2016 |
|---|---|---|---|---|---|
Type | Client | Partner | Partner | Partner | Vendor |
Business Partner | |||||
Country | Japan | Japan | Japan | ||
News Snippet | Japan’s AEON Bank Taps Monex for Enhancing Asset Management Offerings It specified that the partnership would boost AEON Bank 's product and services lineup , including offered mutual funds , from approximately 300 to 1,200 . | The impact of the Partnership on the consolidated financial results of the Monex Group , Inc. and the Shinsei Bank is immaterial . | |||
Sources | 1 | 1 |
Monex Group Team
2 Team Members
Monex Group has 2 team members, including former Chief Operating Officer, Salomon Sredni.
Name | Work History | Title | Status |
|---|---|---|---|
Salomon Sredni | TradeStation, IVAX Corporation, and Arthur Andersen | Chief Operating Officer | Former |
Name | Salomon Sredni | |
|---|---|---|
Work History | TradeStation, IVAX Corporation, and Arthur Andersen | |
Title | Chief Operating Officer | |
Status | Former |
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