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    8698   JP3869970008


Delayed Japan Exchange  -  02:00:00 2023-03-31 am EDT
477.00 JPY   -0.21%
03/23Monex Group Names New CFO, Plans Retirement of Shares
03/15UK budget winners and losers: the pound, gilts and stocks
02/23At BOJ's helm, MIT-educated Ueda to put theory into practice
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Monex : Announcement of setting up Monex Cryptocurrency Laboratory

01/30/2018 | 10:00pm EDT

Announcement of setting up Monex Cryptocurrency Laboratory

TOKYO, January 31, 2018 - Monex Group, Inc. ("the Company") hereby announces that its subsidiary Tokenz, Inc. set up "Monex Cryptocurrency Laboratory" today to offer up-to-date and easy-to-understand information on cryptocurrencies as the environment rapidly changes and various information floods.

Advancement of blockchain and other technologies are changing life and financial transactions. While individual investors are increasingly interested in and willing to invest into cryptocurrencies that can be classified as a new asset class, comprehensible explanations and organized information have not been sufficiently provided. Given the fact, the new Laboratory, led by Nana Otsuki, currently an Executive Director, and Chief Analyst, and Head of Monex University at Monex, Inc., Monex Group's subsidiary, will study cryptocurrencies, which are new trading products and asset class with volatility and volume, and offer up-to-date and easy-to-understand information. Nana Otsuki will continue to assume the current roles.

Biography of Nana Otsuki:

Executive Director, Chief Analyst, and Head of Monex University of Monex, Inc.

Nana completed her undergraduate study at Faculty of Letters, The University of Tokyo, and earned MBA from London Business School.

She was engaged in market research at financial institutions such as Standard & Poor's, UBS, and Merrill Lynch and has been highly rated by diverse media outlets. Since January 2016, she has taken the role as Chief Analyst at Monex Inc., analyzing domestic and international financial markets as well as stock markets overseas. In addition, recently Nana is actively working on analysis and reporting about cryptocurrency, ICO, etc.

She is also Professor of Economics at Nagoya University of Commerce and Business. She is a member of multiple organizations such as Tokyo Metropolitan Government's public fund management and operation advisory board, Deposit Insurance Corporation for JAs' policy board, and Fiscal System Council subcommittee.

Nana frequently appears in media programs including "News Morning Satellite" broadcasted by TV Tokyo.

Contributed articles by Nana related to cryptocurrencies: Toyo Keizai Online, December 27, 2017http://toyokeizai.net/articles/-/202842

Title: Emergencing Altcoins outperform Bitcoin - Verifying risks and future outlook of crashed cryptocurrencies (only available in Japanese, interim translation)

Toyo Keizai Online, January 24, 2018http://toyokeizai.net/articles/-/205794

Title: Are rapidly increasing ICOs good buy? Points that should be examined (only available in Japanese, interim translation)

About Tokenz, Inc.:

Established: August 21, 2017 Paid-In Capital: 1 million yen

Main Business: Researching, planning, studying, developing, and consulting regarding cryptocurrency services


Akiko Kato, Toshiaki Koike

Atsushi Demoto, Yuki Nakano

Corporate Communications Office

Investor Relations, Financial Control Department

Monex Group, Inc.

Monex Group, Inc.



This material is an English translation of a Japanese announcement made on the date above. Although the Company intended to faithfully translate the Japanese document into English, the accuracy and correctness of this English translation is not guaranteed and thus you are encouraged to refer to the original Japanese document. This translation was made as a matter of record only and does not constitute an offer to sell or to solicit an offer to buy securities in the U.S.

Monex Group Inc. published this content on 31 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 January 2018 02:59:06 UTC.

© Publicnow 2018
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Analyst Recommendations on MONEX GROUP, INC.
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Sales 2023 82 311 M 619 M 619 M
Net income 2023 6 037 M 45,4 M 45,4 M
Net Debt 2023 45 051 M 339 M 339 M
P/E ratio 2023 19,3x
Yield 2023 3,26%
Capitalization 122 B 920 M 920 M
EV / Sales 2023 2,03x
EV / Sales 2024 1,70x
Nbr of Employees 1 475
Free-Float 68,0%
Duration : Period :
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Technical analysis trends MONEX GROUP, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 477,00 JPY
Average target price 731,67 JPY
Spread / Average Target 53,4%
EPS Revisions
Managers and Directors
Oki Matsumoto Chairman, Representative Executive President & CEO
Toshihiko Katsuya Executive Officer
Yuko Seimei COO, Managing Executive Officer & Head-Planning
Hisashi Tanaami Director
Jun Makihara Independent Outside Director
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