What guidance did Coincheck Group's management provide for the next earnings period?

What were the key takeaways from Coincheck Group’s earnings call?

Did Coincheck Group beat or miss consensus estimates last quarter?

What does Coincheck Group do and what are its main business segments?

What is the revenue and EPS growth rate for Coincheck Group year over year?

What is Coincheck Group's latest dividend and current dividend yield?

What is the market's earnings forecast for Coincheck Group next quarter?

What were the key takeaways from Coincheck Group's earnings call?

- **Revenue Surge**: 58% QoQ growth to JPY 133.1 billion ($899.5M), fueled by 54% trading volume increase and 15% user expansion.
- **Profit Turnaround**: Net profit improved by JPY 1.73 billion ($11.7M), with EBITDA up $12M QoQ.
- **Strategic Expansion**: Acquired Aplo (60+ institutional clients) and Next Finance, enhancing institutional crypto services.
- **Staking Growth**: Ethereum staking revenue up 108% QoQ to JPY 794 million ($5.4M), custodied assets +113% QoQ.
- **Partnership Power**: Mercoin collaboration to tap Japan's 2.4 million verified users, driving retail crypto adoption.
- **Financial Health**: 89% YoY revenue growth, 92% YoY gross margin expansion, with JPY 9 billion ($60.6M) cash reserves.

**【CEO Summary Section】**
- **Revenue Growth**: Total revenue reached JPY 133.1 billion ($899.5M), up 58% QoQ, driven by 54% increase in marketplace trading volume and 15% YoY verified user growth.
- **Profitability**: Net profit improved to JPY 355 million ($2.4M) from a Q1 net loss of JPY 1.38 billion ($9.3M), with a $12M EBITDA improvement.
- **Strategic Acquisitions**: Completed Aplo acquisition (Paris-based prime broker with 60+ clients) and Next Finance Tech, enhancing institutional crypto services.
- **Staking Momentum**: Ethereum staking revenue grew 108% QoQ to JPY 794 million ($5.4M), with custodied Ethereum increasing 113% QoQ.
- **Partnerships**: Collaborating with Mercoin to integrate crypto trading into Japan's largest C2C app, expanding retail reach.
- **Regulatory Outlook**: Anticipating 2027 crypto tax reforms to boost institutional participation and trading velocity.

**【CFO Financial Commentary】**
- **Revenue Performance**: 89% YoY growth to JPY 133.1 billion ($900M), with 78% YoY customer asset growth to JPY 1.189 trillion ($8.04B).
- **Gross Margin**: Increased 92% YoY to JPY 3.9 billion ($26M), driven by higher trading volumes and staking.
- **Operating Expenses**: SGA expenses rose 70% YoY to JPY 3.4 billion ($23M) due to public company costs and share-based compensation.
- **Liquidity**: Ended Q2 with JPY 9 billion ($60.6M) in cash, supporting strategic initiatives.

**【Q&A Highlights】**
- **Aplo Acquisition**: CEO highlights Aplo's strong European institutional relationships and tech stack, positioning for liquidity leadership.
- **Market Volatility**: CFO notes stable 3.3% take rate despite October's crypto market stress, with no impact on Coincheck's core businesses.
- **Staking Efficiency**: CFO details plans to reduce staking costs via Next Finance's platform, enhancing margins.
- **Regulatory Resilience**: CEO emphasizes Japan's regulatory stability as a competitive advantage during market turbulence.

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