Q4 2026 Coincheck Group NV Earnings Call Transcript
Key Points
- Coincheck Group NV (CNCK) reported a 25% increase in total revenue for fiscal 2026, driven by institutional and counterparty transaction revenue.
- The company has maintained its position as the number one downloaded crypto app in Japan for seven consecutive years, highlighting strong consumer trust and brand recognition.
- Strategic partnerships with KDDI Corporation and Dynamic Funds demonstrate Coincheck Group's growing institutional traction and credibility.
- The acquisition of 3iQ has enhanced Coincheck Group's institutional capabilities, providing a meaningful AUM base and opening doors to global institutional clients.
- Coincheck Group is strategically positioned to capitalize on Japan's regulatory progress and market maturation in the digital assets space.
- Adjusted revenue for the fourth quarter of fiscal 2026 decreased by 18% due to a decline in marketplace trading volume.
- The company reported a net loss of JPY1.2 billion ($7.6 million) for the fourth quarter of fiscal 2026, compared to a net profit in the same quarter of the previous year.
- Marketplace trading volume decreased by 29% in the fourth quarter of fiscal 2026, reflecting challenging market conditions.
- Adjusted EBITDA for fiscal 2026 decreased by 61%, primarily due to lower adjusted revenue and increased selling, general, and administrative expenses.
- Customer assets decreased due to a decline in the market price of crypto assets, impacting the overall financial performance.
Good afternoon, and welcome to the Coincheck Group fiscal year 2026 fourth quarter earnings conference call covering the quarter ended March 31, 2026. With us today are Pascal St-Jean, Chief Executive Officer, and Jason Sandberg, Chief Financial Officer.
Before Pascal and Jason begin their prepared remarks, weâd like to remind everyone that the discussion today will include several forward-looking statements, including statements about plans, goals, expectations, and aspirations of the company. Such forward-looking statements are not guarantees of future performance or success, and actual results may and often do differ materially from those expressed or implied in the forward-looking statements. These differences may be driven by factors discussed in the companyâs filings with the SEC, which may be updated from time to time. The company undertakes no obligation to update its forward-looking statements except as may be required by law.
Also, throughout this conference call, non-IFRS financial measures may be presented or discussed. Reconciliations of these non-IFRS financial measures to
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