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Integrated Report 2019 INTEGRATED REPORT 2019 ARK Mori Building 25F 1-12-32 Akasaka, Minato-ku, Tokyo 107-6025, Japan www.monexgroup.jp/en/ Printed in Japan For Creative Minds The Future of Money – Business Principles the most crucial element in the Future of Money is creativity. While some may say knowledge, Always a step ahead of the “Y” in “MONEY,” data or information are important, these are not enough. our name MONEX symbolizes our position With clear vision and careful thinking, as a forerunner in finance. they must be utilized and transformed into strengths. In the face of an ever-changing future, the Monex Group In the finance industry, blockchain, AI and other new technologies are opening up new possibilities. utilizes state-of-the-art IT technologies and world-class In such times of change, people need to think out of the box financial expertise to design innovative ways of and have the flexibility to look at things from different perspectives. managing money and to redefine finance for a new era. Of course, this applies not only to people like you We will strive to support everyone’s investment and but is also something we demand of each and every employee at Monex. economic needs. With creativity, we at Monex are moving forward to lead the times. By always anticipating the demands of the creative individuals we serve, by effectively utilizing various types of technology and knowledge, we provide services that are always one step ahead. Monex is embarking on a New Beginning as we push forward stronger and faster than ever before. Forging a dynamic partnership with our customers, the Monex Group is dedicated to the Future of Money. 01 VISION For Creative Minds The Future of Money – Business Principles Who we are? the most crucial element in the Future of Money is creativity. While some may say knowledge, Always a step ahead of the “Y” in “MONEY,” data or information are important, these are not enough. our name MONEX symbolizes our position With clear vision and careful thinking, as a forerunner in finance. they must be utilized and transformed into strengths. In the face of an ever-changing future, the Monex Group Corporate Value Increase In the finance industry, blockchain, AI and other new technologies are opening up new possibilities. utilizes state-of-the-art IT technologies and world-class In such times of change, people need to think out of the box financial expertise to design innovative ways of and have the flexibility to look at things from different perspectives. managing money and to redefine finance for a new era. Of course, this applies not only to people like you We will strive to support everyone’s investment and but is also something we demand of each and every employee at Monex. economic needs. Corporate Value Resources Corporate Value With creativity, we at Monex are moving forward to lead the times. By always anticipating the demands of the creative individuals we serve, by effectively utilizing various types of technology and knowledge, we provide services that are always one step ahead. Monex is embarking on a New Beginning as we push forward stronger and faster than ever before. Financial Section Forging a dynamic partnership with our customers, the Monex Group is dedicated to the Future of Money. Monex Group, Inc.｜Integrated Report 2019 02 Growth Trajectory In April 2019, the Monex Group celebrated its 20 year anniversary since its founding. During this time, the Monex Group Monex Continues its Quest has made bold moves with significant mergers and acquisitions, expanding the group’s domestic business to a global to Create the Future of Finance level. The customers’ assets in custody for the entire group have reached ¥5 trillion. Through organic growth and different mergers and acquisitions, our strategy (*) to scale up our business has borne fruit and has become a testimony to the social value of the Monex Group. By increasing this value even more, we are evolving into a company that is poised to create the “Future of finance.” This evolution has brought about innovative services and to ensure our many customers can continue to enjoy them, we shall continue to challenge ourselves in the spirit of our brand slogan “For Creative Minds.” (Trillions of Yen) (Stock price: ¥) 6 * P.24 | Unique Point: Acquiring a customer base and office location through M&A 30,000 Assets in Custody P.28 | Growth Strategy: M&A and Globalization Nikkei stock average P.29 | Growth Strategy: New Beginning (End of fiscal year) Crypto Asset Segment U.S. Segment 5 Asia-Pacific Segment Japan Segment 25,000 4 20,000 3 15,000 2 10,000 1 5,000 0 0 Mar. 2000 Mar. 2001 Mar. 2002 Mar. 2003 Mar. 2004 Mar. 2005 Mar. 2006 Mar. 2007 Mar. 2008 Mar. 2009 Mar. 2010 Mar. 2011 Mar. 2012 Mar. 2013 Mar. 2014 Mar. 2015 Mar. 2016 Mar. 2017 Mar. 2018 Mar. 2019 Expanded operations in Japan through M&A Globalized New Beginning 2000 2005 2010 2015 2020 April 1999 August 2004 April 2008 June 2011 April 2018 Monex, Inc. established Monex, Inc. merged business with Nikko Acquisition of 90% shares of Acquired 100% of TradeStation Acquired 100% of Beans, Inc. (Merged with Monex, Inc.) Tokyo Forex (U.S.) Coincheck, Inc. Monex Beans Holdings, Inc. established (Later absorbed by Monex, Inc.) (Later Monex Group) December 2010 Segments in Group Acquired 100% of Boom Group (Hong Kong) Reporting Japan U.S. Asia-Pacific Crypto Asset Investment segment Financial Financial Financial instruments January 2010 Cryptocurrency Investment business Main business instruments business instruments business business in Hong Kong exchange business for securities in Japan in the U.S. and Australia Orix Securities Corporation became a subsidiary (Later absorbed by Monex, Inc.) Monex Boom Securities (H.K.) Main company Limited TradeStation Coincheck, Inc. Monex Ventures, Inc. Monex, Inc. Securities, Inc. Monex Securities Australia Pty Ltd 03 Growth Trajectory In April 2019, the Monex Group celebrated its 20 year anniversary since its founding. During this time, the Monex Group Monex Continues its Quest has made bold moves with significant mergers and acquisitions, expanding the group’s domestic business to a global to Create the Future of Finance level. The customers’ assets in custody for the entire group have reached ¥5 trillion. Through organic growth and different mergers and acquisitions, our strategy (*) to scale up our business has borne fruit and has become a testimony Who we are? to the social value of the Monex Group. By increasing this value even more, we are evolving into a company that is poised to create the “Future of finance.” This evolution has brought about innovative services and to ensure our many customers can continue to enjoy them, we shall continue to challenge ourselves in the spirit of our brand slogan “For Creative Minds.” (Trillions of Yen) (Stock price: ¥) 6 * P.24 | Unique Point: Acquiring a customer base and office location through M&A 30,000 Assets in Custody P.28 | Growth Strategy: M&A and Globalization Nikkei stock average (End of fiscal year) P.29 | Growth Strategy: New Beginning Corporate Value Increase Crypto Asset Segment U.S. Segment 5 Asia-Pacific Segment Japan Segment 25,000 4 20,000 3 15,000 Corporate Value Resources Corporate Value 2 10,000 1 5,000 0 0 Mar. 2000 Mar. 2001 Mar. 2002 Mar. 2003 Mar. 2004 Mar. 2005 Mar. 2006 Mar. 2007 Mar. 2008 Mar. 2009 Mar. 2010 Mar. 2011 Mar. 2012 Mar. 2013 Mar. 2014 Mar. 2015 Mar. 2016 Mar. 2017 Mar. 2018 Mar. 2019 Financial Section Expanded operations in Japan through M&A Globalized New Beginning 2000 2005 2010 2015 2020 April 1999 August 2004 April 2008 June 2011 April 2018 Monex, Inc. established Monex, Inc. merged business with Nikko Acquisition of 90% shares of Acquired 100% of TradeStation Acquired 100% of Beans, Inc. (Merged with Monex, Inc.) Tokyo Forex (U.S.) Coincheck, Inc. Monex Beans Holdings, Inc. established (Later absorbed by Monex, Inc.) (Later Monex Group) December 2010 Segments in Group Acquired 100% of Boom Group (Hong Kong) Reporting Japan U.S. Asia-Pacific Crypto Asset Investment segment Financial Financial Financial instruments January 2010 Cryptocurrency Investment business Main business instruments business instruments business business in Hong Kong exchange business for securities in Japan in the U.S. and Australia Orix Securities Corporation became a subsidiary (Later absorbed by Monex, Inc.) Monex Boom Securities (H.K.) Main company Limited TradeStation Coincheck, Inc. Monex Ventures, Inc. Monex, Inc. Securities, Inc. Monex Securities Australia Pty Ltd Monex Group, Inc.｜Integrated Report 2019 04 Process of Creating Value for the Monex Group Bringing innovation to capital markets and to microeconomic activities using abundant operational resources and prominent and unique points Changes in Society Management Resources Business Field Growth Strategy OUTCOME Management Resources Target Unique Points Growth Strategy Existing New Social Value in the Monex Group of the Monex Group Businesses Technologies Active accounts/ Accounts with balances/ Retail investors Growth areas Identity verified accounts Technology Innovative product Unique Point Create innovation (finance for the future) million services and Total: 2 accounts Shifting from technical capabilities 1 using “Existing businesses × New technologies” (March 2019) saving money to that support them asset building Financial Growth Strategy knowledge 1999– Start of business Unique Point Acquire subsidiaries Development Economic Value and customer base Areas 1 Founding of Monex, Inc. 2 through M&A Assets in custody Customer Growth Strategy
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