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Monex Group, Inc.

682.00-15.0%1Y · JPY

Monex Group, Inc. is an online financial institution that provides retail online brokerage services. It operates through Japan, U.S., Crypto Asset, and Investment segments. The company offers M&A advisory, forex and cryptocurrency exchange, securities investment, investor and investment education, asset building and management, investment fund and portfolio management, exempt market dealership, investment advisory, private banking for high-net-worth clients, custodial trust, venture capital, and human resource development services. It also engages in trading technology development, research and development projects, development and operation of CraftChat (a marketing SaaS), management and utilization of genomic, medical, and healthcare data, research and consultation on cryptocurrency, and purchase and resale of insurance contracts. Formerly known as Monex Beans Holdings, Inc., it changed its name to Monex Group, Inc. in July 2008. Founded in 1999, it is headquartered in Minato, Japan.

Price · split & dividend adjusted
News & notes moving 8698.JP
United States
Critical Materials & Supply Chain

Gold.com Revenue Nearly Doubles to $5 Billion as Margins Slip

Gold.com Inc. reported fiscal fourth-quarter revenue that nearly doubled to $5 billion, up 99% from a year earlier, while full-year revenue jumped 132% to $25.5 billion from $11 billion in fiscal 2025. The growth was largely acquisition math: the company bought Monex in January and closed the Sunshine Minting deal in April, and CEO Greg Roberts called Sunshine Minting a major milestone that expands production capacity for the United States Mint and other sovereign mints. Gold ounces sold climbed 51% to 521,000 in the quarter, and cash on hand surged to $578 million from $77.7 million a year ago, funding a special dividend of $1.00 per share payable September 28, a regular $0.20 quarterly dividend, and a stated plan to buy back shares at a discount to the company's nearly $1 billion book value. Profit did not keep pace: gross margin fell to 2.2% from 3.3%, net income rose just 18% to $12.2 million, diluted earnings per share came in flat at $0.41, SG&A expenses rose 46% to $77.9 million, and EBITDA slipped 3% to $28.2 million. Direct-to-Consumer new customers fell 38% to 67,900, silver ounces sold dropped 2% year over year and 48% from the prior quarter, and short interest sits at 15.83% of float against a forward P/E of 14.37 as of September 11.
About megatrends
Critical Materials & Supply Chain › Precious Metals Demand
GOLD · Capital · Neutral Revenue nearly doubled to $5B on Monex/Sunshine acquisitions, but margins fell to 2.2%, EPS flat, EBITDA slipped 3%, and DTC new customers dropped 38%.
Sunshine Minting · Supply · Positive Sunshine Minting deal closed in April and is called a major milestone expanding production capacity for the US Mint and other sovereign mints.
8698.JP · Capital · Neutral Monex acquisition in January is cited as the main driver of Gold.com's revenue growth, but no standalone impact on Monex Group is described.
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Insider Monkey·22dRead more →
JapanUnited States
8698.JP▲

Japan's yen intervention backfires, fueling carry trade as investors snap up over 5 trillion yen in foreign assets

Japan's attempts to intervene in the yen have instead turbocharged the carry trade, prompting Japanese investors to pile into more than 5 trillion yen worth of foreign assets in the two weeks through August 15, a sharp reversal from net sales of 300 billion yen in the prior two-week period. After coordinated intervention with the United States in July pushed the yen from 164 per dollar to around 155 per dollar, investors seized the chance to buy foreign assets at cheaper prices. Jesper Koll of Monex Group said the intervention accelerated the carry trade because borrowing costs in Japan remain lower than returns abroad. The yen has since weakened back toward 159 per dollar, and the yield gap between 10-year US and Japanese government bonds still stands at 1.8 percentage points. Institutional and retail investors continue to sell yen to buy US bonds and G10 currencies, especially the Australian dollar, while leveraged funds have cut their net short yen positions from 138,000 contracts to 59,526 contracts as of August 11.
USDJPY.FOREX · Monetary · Positive Japan's intervention backfired, fueling carry trade and weakening yen, making USD stronger relative to JPY.
8698.JP · Demand · Positive Monex Group's Jesper Koll comments on accelerated carry trade, indicating increased trading activity and demand for their services.
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Money & Banking·45dRead more →
Japan
Digital Finance & Tokenization▲

Monex Group Establishes On-Chain Finance Research Institute

Monex Group announced on August 5 the establishment of the Monex On-Chain Finance Research Institute, which will advance research and social implementation of on-chain finance. The institute will investigate regulations and technology trends in various countries and examine services and business models suited to Japan's legal system and market environment. It plans to provide end-to-end support for financial institutions and startups, from service design to commercialization and social implementation. Key research themes include on-chain financial infrastructure and the legal frameworks necessary for social implementation, the creation and distribution of tokenized assets and real-world assets, and the utilization of stablecoins. Masamichi Matsushima of Monex Group has been appointed head of the institute, and the planned members will consist of personnel from Monex Group, Monex Securities, Coincheck, Monex Asset Management, and Next Finance Tech.
About megatrends
Digital Finance & Tokenization › Stablecoin Issuers & Distribution ▲Technology
Digital Finance & Tokenization › Real-World Asset Tokenization ▲Technology
8698.JP · Technology · Positive Monex Group establishes the institute, positioning itself at the forefront of on-chain finance research and development.
CNCK · Technology · Positive Coincheck is a planned member of the new research institute, which may drive innovation and adoption of on-chain finance.
Next Finance Tech Co., Ltd. · Technology · Positive Next Finance Tech is included as a planned member, potentially benefiting from collaboration and research in on-chain finance.
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NADA NEWS·61dRead more →
Digital Finance & Tokenization▲

Docomo FG to Expand Economic Sphere Through External Sales of Financial Services

NTT Docomo Financial Group President Takashi Hiroi has revealed plans to externally sell financial services such as banking functions to corporate clients. The company envisions providing these services to regional banks looking to strengthen their point services, as well as industries with large customer bases like transportation, aiming to indirectly capture the customers of its partners. The group owns SBI Sumishin Net Bank and Monex Securities, and already provides banking functions to companies such as Japan Airlines. Starting in August, it will gradually begin offering banking services like account opening at Docomo retail stores, and it also indicated plans to eventually develop its payment app d Payment into a super app.
About megatrends
Digital Finance & Tokenization › Digital Banking & Neobanks ▼Competition
Digital Finance & Tokenization › Payments Modernization & Rails Competition
NTTドコモ・フィナンシャルグループ · Demand · Positive The company plans to externally sell financial services, expanding its economic sphere and customer reach.
ドコモSMTBネット銀行 · Demand · Positive As a subsidiary, SBI Sumishin Net Bank will likely provide banking functions to new corporate clients.
8698.JP · Demand · Positive Monex Securities is part of the group; external sales of financial services could expand its customer base.
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時事通信·68dRead more →
Digital Finance & Tokenization

Bank account opening at Docomo Shops to expand to 1,000 stores by year-end from August

NTT Docomo subsidiary NTT Docomo Financial Group announced it will gradually roll out services such as bank account opening at Docomo Shops from August, expanding to 1,000 stores by the end of the year. Docomo Shops already allow account opening with Monex Securities, but from August they will also handle account opening and mortgage consultations for SBI Sumishin Net Bank, which is scheduled to be renamed Docomo SMTB Net Bank in August. The consumer-facing brand will be refreshed as Docomo Bank. At a press conference, Docomo FG President Takashi Hiroi said the group will deepen service collaboration among group companies and provide financial services tailored to individual needs.
About megatrends
Digital Finance & Tokenization › Digital Banking & Neobanks Competition
NTTドコモ・フィナンシャルグループ · Demand · Positive NTT Docomo Financial Group is rolling out bank account opening and mortgage consultations at 1,000 Docomo Shops, directly expanding its service reach.
ドコモSMTBネット銀行 · Demand · Positive SBI Sumishin Net Bank (to be renamed Docomo SMTB Net Bank) will be offered at Docomo Shops, expanding its customer acquisition channels.
9432.JP · Demand · Positive NTT Docomo's expansion of financial services at Docomo Shops could drive more customer engagement and cross-selling opportunities for NTT Inc.
8698.JP · Competition · Neutral Monex Securities already offers account opening at Docomo Shops, but the expansion to include SBI Sumishin Net Bank may increase competition for Monex.
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時事通信·88dRead more →