Monex Group Inc (JP:8698)
:8698
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Monex Group
(8698)
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Rating:43Neutral
Price Target:
¥655.00
▼(-11.49% Downside)
Action:ReiteratedDate:10/24/25
Monex Group's overall stock score is primarily impacted by its financial performance and technical analysis. The company's profitability challenges and bearish technical indicators weigh heavily on the score. Valuation concerns due to a negative P/E ratio further contribute to the low score, despite a decent dividend yield.
Positive Factors
Revenue Growth
A 23.23% year-over-year revenue increase signals durable top-line momentum and expanding client activity across Monex's platforms. Sustained revenue growth supports scale benefits, recurring fee potential and provides room to invest in product capabilities and customer acquisition over the next 2–6 months.
Negative Factors
Negative Net Profit Margin
A swing from strong positive to negative net margins signals a structural profit conversion problem: revenue growth is not translating into bottom-line earnings. Persisting negative net margins damage retained earnings, constrain reinvestment capacity and weaken long-term shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A 23.23% year-over-year revenue increase signals durable top-line momentum and expanding client activity across Monex's platforms. Sustained revenue growth supports scale benefits, recurring fee potential and provides room to invest in product capabilities and customer acquisition over the next 2–6 months.
Read all positive factors
Monex Group (8698) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥171.33B
Dividend Yield4.16%
Average Volume (3M)2.13M
Price to Earnings (P/E)13.3
Beta (1Y)0.80
Revenue Growth14.69%
EPS Growth-114.36%
CountryJP
Employees1,052
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)13.77
Shares Outstanding251,647,100
10 Day Avg. Volume1,436,850
30 Day Avg. Volume2,132,950
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)1.45
Price to Sales (P/S)2.37
P/FCF Ratio20.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥820.00Price Target Upside10.81% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)49.2
Revenue Forecast (FY)¥78.20B
Monex Group Business Overview & Revenue Model
Company Description
Monex Group, Inc., together with its subsidiaries, provides retail online brokerage services to individual investors and businesses in Japan, the United States, and the Asia-Pacific. It offers international forex, asset management, investor educat...
How the Company Makes Money
Monex Group generates revenue through multiple streams, primarily focusing on trading commissions from its online brokerage services, which include stock trading, foreign exchange, and derivatives. Additionally, the company earns income from asset...
Monex Group Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
58
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 76.03B | 76.08B | 64.10B | 52.69B | 86.93B | 77.39B |
| Gross Profit | 70.44B | 66.16B | 54.42B | 35.33B | 69.99B | 60.88B |
| EBITDA | 4.84B | 7.04B | 37.92B | 16.63B | 34.35B | 33.45B |
| Net Income | -5.68B | -5.83B | 12.51B | 3.39B | 13.02B | 14.35B |
Balance Sheet | ||||||
| Total Assets | 718.74B | 709.64B | 761.64B | 1.50T | 1.61T | 1.40T |
| Cash, Cash Equivalents and Short-Term Investments | 404.54B | 53.47B | 97.94B | 181.02B | 261.30B | 168.45B |
| Total Debt | 105.61B | 87.02B | 100.16B | 594.56B | 585.65B | 543.02B |
| Total Liabilities | 598.65B | 583.39B | 628.52B | 1.40T | 1.50T | 1.31T |
| Stockholders Equity | 117.99B | 123.98B | 131.71B | 99.64B | 104.29B | 89.57B |
Cash Flow | ||||||
| Free Cash Flow | -15.64B | 8.73B | 1.36B | -38.78B | 45.09B | -63.24B |
| Operating Cash Flow | -15.34B | 13.30B | 8.05B | -30.98B | 51.70B | -57.70B |
| Investing Cash Flow | -20.66B | -32.18B | -86.35B | -21.87B | -6.03B | -7.16B |
| Financing Cash Flow | -11.69B | -25.19B | -5.11B | -34.16B | 13.76B | 95.48B |
Monex Group Technical Analysis
Negative
740.00
Price Trends
696.10
Negative
705.95
Negative
727.21
Negative
Market Momentum
-2.90
Negative
46.41
Neutral
64.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8698, the sentiment is Negative. The current price of 740 is above the 20-day moving average (MA) of 690.42, above the 50-day MA of 696.10, and above the 200-day MA of 727.21, indicating a bearish trend. The MACD of -2.90 indicates Negative momentum. The RSI at 46.41 is Neutral, neither overbought nor oversold. The STOCH value of 64.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:8698.
Monex Group Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥85.85B | 6.63 | ― | 5.75% | 10.85% | 30.77% | |
80 Outperform | ¥199.56B | 6.74 | ― | 4.01% | -2.39% | -4.54% | |
76 Outperform | ¥2.09T | 10.19 | 9.37% | 4.13% | -0.87% | 6.88% | |
74 Outperform | ¥245.23B | 12.14 | 14.00% | 5.13% | 3.27% | -1.81% | |
69 Neutral | ¥3.76T | 10.42 | 10.23% | 3.93% | -2.45% | 35.60% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
43 Neutral | ¥171.33B | 13.27 | 7.26% | 4.16% | 14.69% | -114.36% |
* Financial Sector Average
JP:8698
Monex Group
684.00
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8.11%
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Monex Group Corporate Events
Monex Consolidates 3iQ Under Coincheck to Bolster Crypto Asset Business
Mar 2, 2026
Monex Group has completed an intra-group restructuring by transferring ownership of intermediate holding company 1000745629 ONTARIO INC., which controls 3iQ Digital Holdings Inc., to its consolidated subsidiary Coincheck Group N.V. The move places...
Monex Group Publishes 3Q FY2026 IFRS-Based Financial Results Overview
Feb 12, 2026
Monex Group has released presentation materials summarizing its financial results for the third quarter of the fiscal year ending March 31, 2026. The disclosure, prepared under IFRS and translated from Japanese, outlines market and transaction dat...
Monex Group Underscores Tech-Driven Philosophy With 3Q FY2026 Results
Feb 12, 2026
Monex Group has reiterated its corporate philosophy alongside its financial results release for the third quarter of the fiscal year ending March 31, 2026, emphasizing its role as a technology-driven financial services provider. The company highli...
Monex Moves 3iQ Under Coincheck Group to Deepen Crypto Synergies and Target Institutional Growth
Jan 8, 2026
Monex Group has transferred its Canadian crypto asset management subsidiary 3iQ Digital Holdings, via intermediate holding company 1000745629 Ontario Inc., from the Asset Wealth Management Business Segment to the Crypto Asset Business Segment und...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.