CNCK Financial Services

Coincheck Group N.V.

$1.27+0.00%

Price as of close on Nov 3, 2026 · Financials updated Nov 2, 2026

Basics

Sector: Financial Services
Industry: Capital Markets
Country: Netherlands
Market cap: 243.2M USD
Full-time employees: 303

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
About average: growth

Ranks #743 of 791 banks & insurance companies (bottom 7%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 33% from April 2023 to March 2026.
Coincheck had 33% more shares at March 2026 than at April 2023, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Coincheck had 33% more shares at March 2026 than at April 2023, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Growing fast, still losing money. Revenue grew faster than 82% of peers, at an operating loss.
Revenue grew faster than 82% of peers, but the business runs at an operating loss (margin -0.3%).

StockQuotient Score

20/ 100

Oct 5 20 → Nov 4 20

Valuation

Is the price right?

2/100

Weak▲ 1 since Oct 27 close

2/2 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 1 → 2

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Earnings yield
▼ P/B

Compare with peers

Behind the score

Earnings yield (P/E) and book yield (P/B) versus other banks and insurers.

Book yield33.3%

SEC filings (IFRS mapped) · latest balance sheet · JPY→USD at the current rateReported value40% base weight · Z-score -1.63Sector median: 0.7950 · MAD: 0.2843

Earnings yield-2.8%

SEC filings (IFRS mapped) · 12 months to Mar 2026 · JPY→USD at the current rateNegative (a loss or cash outflow), so it counts as zero whatever the share price60% base weight · Z-score -3.12Sector median: 0.0789 · MAD: 0.0253

Other data (not scored)

EBITDA yield-6.5%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 months · JPY→USD convertedNegative (a loss or cash outflow), so it counts as zero whatever the share priceInformational · 0% composite weightSector median: 0.1095 · MAD: 0.0527

Free cash flow yield-1.1%

SEC filings (IFRS mapped) · 12 months to Mar 2026 · JPY→USD at the current rate · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share priceInformational · 0% composite weightSector median: 0.0796 · MAD: 0.0459

Growth

Is it growing?

59/100

Moderate

1/1 inputs reported · High confidence

Since last quarter: No major change

Why

Close to the peer norm on every measure.

Compare with peers

Behind the score

Earnings-per-share growth versus other banks and insurers.

Earnings per share growthUnavailable

Still loss-making, but the loss per share narrowed100% base weight · Z-score 0.34Sector median: 0.1599 · MAD: 0.1775

Other data (not scored)

3-year revenue growth39.2%

SEC filings (IFRS mapped) · 3 years to Mar 2026Reported valueInformational · 0% composite weightSector median: 0.0826 · MAD: 0.0558

Revenue growth24.5%

SEC filings (IFRS mapped) · 12 months to Mar 2026Reported valueInformational · 0% composite weightSector median: 0.0866 · MAD: 0.0782

Profitability

Does it earn well?

0/100

Weak

2/2 inputs reported · High confidence

Since last quarter: ▼ Weaker

Turned to a loss over the last 12 months

Why

Weaker than most peers on:

▼ ROA
▼ ROE

Compare with peers

Behind the score

Return on equity and return on assets versus other banks and insurers.

Return on assets-1.6%

SEC filings (IFRS mapped) · 12 months to Mar 2026Outlier capped at sector 5th/95th percentile50% base weight · Z-score -2.09Sector median: 0.0117 · MAD: 0.0062

Return on equity-8.4%

SEC filings (IFRS mapped) · 12 months to Mar 2026Outlier capped at sector 5th/95th percentile50% base weight · Z-score -2.86Sector median: 0.1074 · MAD: 0.0388

Other data (not scored)

Gross marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Operating margin-0.3%

Yahoo Finance fallback · SEC operating income not reported in standard form · fiscal year to Mar 2026Reported valueInformational · 0% composite weightSector median: 0.1450 · MAD: 0.1678

Return on invested capitalUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Risk

Debt, liquidity, price swings

Not rated

Not rated for banks and insurers: debt and share-price swings say little about their risk. We leave it blank rather than fill the gap with a made-up middle value.

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Coincheck

Is Coincheck getting weaker?: Its latest SEC filing (Jun 29, 2026) got weaker in some ways: turned to a loss over the last 12 months. Its overall score is unchanged at 20/100 since Oct 28, 2026.
How is Coincheck valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 2/100 against 950 banks & insurance peers. Earnings yield -2.8% vs a peer median of 7.9% (weaker than 100% of peers).Earnings yield -2.8% vs peers 7.9% (weaker than 100% of peers).
Is Coincheck growing?: At about the same pace as its peers. Growth scores 59/100 against 950 banks & insurance peers.
How profitable is Coincheck?: Less profitable than most of its peers. Profitability scores 0/100 against 950 banks & insurance peers. Return on assets -1.6% vs a peer median of 1.2% (weaker than 100% of peers).Return on assets -1.6% vs peers 1.2% (weaker than 100% of peers).
How risky is Coincheck?: Not rated for banks and insurers: debt and share-price swings say little about their risk.

Latest filing: what changed

Quarter ended Mar 31, 2026 · filed Jun 29, 2026 · compared with the quarter ended Dec 31, 2025

Got weaker

Turned to a loss over the last 12 months

Worth watching: Coincheck is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	475.1B JPY	477.2B JPY	+0.4%
Net income (12 months)	25.0M JPY	−1.8B JPY	turned negative
Free cash flow (12 months)	−366.0M JPY	−696.0M JPY	+90.2%
Cash	10.6B JPY	9.5B JPY	−11.2%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year · amounts in JPY, as reported

Key ratios	FY Mar 2023	FY Mar 2024	FY Mar 2025	FY Mar 2026	Change
Net margin	-0.3%	0.9%	-3.7%	-0.4%	▲ 3.4 pts
Return on assets (ROA)	-0.8%	1.7%	-12.8%	-1.6%	▲ 11 pts
Return on equity (ROE)	-5.3%	15.8%	-133.3%	-8.4%	▲ 125 pts
Debt to equity	—	0.00×	0.07×	0.13×	▲ 82%

CNCK price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

About average: growth

Ranks #743 of 791 banks & insurance companies (bottom 7%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 33% from April 2023 to March 2026.

Coincheck had 33% more shares at March 2026 than at April 2023, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Coincheck had 33% more shares at March 2026 than at April 2023, mostly from issuing stock. Each existing share now owns a smaller slice of the business.

Growing fast, still losing money. Revenue grew faster than 82% of peers, at an operating loss.

Revenue grew faster than 82% of peers, but the business runs at an operating loss (margin -0.3%).

Questions investors ask about Coincheck

Is Coincheck getting weaker?

Its latest SEC filing (Jun 29, 2026) got weaker in some ways: turned to a loss over the last 12 months. Its overall score is unchanged at 20/100 since Oct 28, 2026.

How is Coincheck valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 2/100 against 950 banks & insurance peers. Earnings yield -2.8% vs a peer median of 7.9% (weaker than 100% of peers).Earnings yield -2.8% vs peers 7.9% (weaker than 100% of peers).

Is Coincheck growing?

At about the same pace as its peers. Growth scores 59/100 against 950 banks & insurance peers.

How profitable is Coincheck?

Less profitable than most of its peers. Profitability scores 0/100 against 950 banks & insurance peers. Return on assets -1.6% vs a peer median of 1.2% (weaker than 100% of peers).Return on assets -1.6% vs peers 1.2% (weaker than 100% of peers).

How risky is Coincheck?

Not rated for banks and insurers: debt and share-price swings say little about their risk.

Previous quarter

Latest quarter

Change

Revenue (12 months)

475.1B JPY

477.2B JPY

+0.4%

Net income (12 months)

25.0M JPY

−1.8B JPY

turned negative

Free cash flow (12 months)

−366.0M JPY

−696.0M JPY

+90.2%

Cash

10.6B JPY

9.5B JPY

−11.2%

Key ratios

FY Mar 2023

FY Mar 2024

FY Mar 2025

FY Mar 2026

Change

Net margin

-0.3%

0.9%

-3.7%

-0.4%

▲ 3.4 pts

Return on assets (ROA)

-0.8%

1.7%

-12.8%

-1.6%

▲ 11 pts

Return on equity (ROE)

-5.3%

15.8%

-133.3%

-8.4%

▲ 125 pts

Debt to equity

—

0.00×

0.07×

0.13×

▲ 82%