Monex Group Stock (8698): Price, Board Talking Points and Outlook

Monex Group (TSE: 8698) is a TSE Prime-listed financial holding company with a March fiscal year, reporting in four segments: Securities, Crypto-asset (Coincheck), Asset/Wealth Management, and Investment. The reason 8698 draws heavy board attention is that its Coincheck arm is a Nasdaq-listed crypto exchange (CNCK), which makes 8698 in effect a crypto proxy. KDDI's capital injection and the arrival of activist Oasis add to the debate. This page summarizes the board talking points, the business and crypto picture, and the outlook, as of July 2026.

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Board and community talking points

On the 8698 board, crypto (Coincheck) is genuinely central. Recurring themes in the first half of 2026 (paraphrased, never quoted) were: Coincheck / CNCK as the growth story and a crypto-market proxy (CNCK's Nasdaq price, Bitcoin beta); the KDDI 14.9% capital-in and what it means for Coincheck's (CCG) value; hopes around activist Oasis (will "pure investment" become proposals?); concerns about Coincheck's liquidity; and dividend policy, an employee stock-ownership plan, and the payoff from Docomo synergies.

Bulls see multiple value-unlock levers: a US-listed crypto exchange (CNCK), telco distribution from Docomo and now KDDI, and an activist catalyst in Oasis. Bears note that earnings lean on Coincheck's crypto cyclicality, that the AM/WM pivot is unproven at scale, and that the Monex Securities deconsolidation (below) removed a core earnings stream. You can read the real posts on the Yahoo Finance 8698 board and on Minkabu.

The business and its crypto exposure

FY2026 (ended March 2026) operating revenue was ¥83.6 billion (+13.3%), with pre-tax profit of ¥15.76 billion, sharply improved, helped by AM/WM performance fees and securities financial income as the group pivots away from commission dependence toward asset management (it acquired 3iQ in Canada and Westfield in the US in April 2025). The crypto core is Coincheck. Its holding company, Coincheck Group N.V. (CCG), listed on Nasdaq on December 10, 2024 as CNCK via a SPAC merger with Thunder Bridge Capital Partners IV, and CCG is the parent of Coincheck K.K.

Here is the crucial point. Monex did not sell or spin off Coincheck after the listing; it kept control. It held about 83% of CCG at listing, but on May 12, 2026 KDDI agreed to take 14.9% of CCG via a roughly ¥10 billion (about $65 million, $2.28 per share) third-party allotment executed around June, diluting Monex to about 71%, and Monex still consolidates Coincheck. A non-custodial-wallet JV, "au Coincheck Digital Assets" (KDDI 50.1% / Coincheck 40.0% / au Financial HD 9.9%), is also underway. A second important trap is Monex Securities: under the Docomo deal (effective January 4, 2024), an intermediate holding company, Docomo Monex Holdings (Monex 50.95% / Docomo 49.05%), was formed, but under a "twisted consolidation" it is Docomo, not Monex, that consolidates Monex Securities, so Monex Group accounts for it by the equity method. Monex Securities is therefore no longer a Monex consolidated subsidiary. KDDI's 14.9% is in Coincheck (CCG), distinct from Docomo's stake in the securities arm.

How to read the stock

The real 2025 to 2026 catalysts were: the NTT Docomo alliance (announced October 2023, driving a big re-rating, with d-payment and d-card accumulation tie-ins); Coincheck's December 2024 Nasdaq listing as a crypto proxy; the arrival of activist Oasis, which reported a 5.15% stake on June 30, 2026 for "pure investment," sending the stock up about 6.8% intraday around July 1, 2026; and Bitcoin and crypto-market beta through Coincheck's volumes (all as of July 2026). The bull case rests on the CNCK-plus-telco-plus-activist levers. The bear case: earnings tilt to Coincheck's crypto cyclicality, the AM/WM pivot is unproven at scale, the Monex Securities deconsolidation removed a core stream, and CCG carries dilution and cross-border regulatory risk. This page names no price targets.

Trading crypto on WEEX

To trade the shares themselves, the domestic route is a Japanese brokerage account. But the crypto itself that an exchange like Coincheck handles, such as Bitcoin, also trades on WEEX. WEEX offers crypto futures markets with leverage for both long and short positions; see the market listings for what is available. If you are new to crypto, the how to buy Bitcoin guide is a useful start. WEEX does not list Monex's equity, CNCK shares, or any tokenized version; this is exposure to the underlying crypto only.

FAQ

Where can I see Monex's stock board?
On the Yahoo Finance 8698 board and Minkabu. We summarize and link only, and never reproduce or fabricate posts.

Why is Monex a board favorite?
Its Coincheck arm is a Nasdaq-listed crypto exchange (CNCK), making 8698 a crypto-market proxy; KDDI's stake and Oasis are added catalysts.

Did Monex sell Coincheck?
No. Monex still holds about 71% of CCG and consolidates it (KDDI took 14.9%, diluting the stake). Note that Monex Securities is an equity-method affiliate, not a subsidiary (Docomo consolidates it, a "twisted consolidation").

What moves the stock?
Coincheck/CNCK, the Docomo and KDDI alliances, Oasis, and crypto-market beta. Next up is Q1 FY2027 (ended June 2026) earnings, expected in early August 2026.

This article is for informational purposes only and is not investment advice; it is not a recommendation to buy or sell.

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