Notes:
1. At the time of the business metrics disclosure for January 2022, Coincheck, Inc. reviewed and changed its calculation method of monthly trading value to better reflect the actual business performance. Previously disclosed figures in the table below from April 2020 to December 2021 have been modified based on the new method accordingly.

2. TradeStation Group, Inc. Daily Average Revenue Trades (DARTs) previously were under-reported by 4-7% for the months of October 2023 through February 2025.  DARTs data was restated on April 3, 2025 to correct the previous under-reported DARTs data. The restatement of DARTs data had no impact on results reported in Monex Group’s financial statements.

3. Coincheck, Inc. Monthly Exchange Trading Value previously was under-reported by 0.01-0.67% for the months of May 2025 through February 2026. Monthly Exchange Trading Value was restated on April 3, 2026 to correct the previous under-reported data. The restatement of the data had no impact on results reported in Monex Group's financial statements.

The preliminary numbers reported above may be updated in the future.
* DARTs: For equities, equity options, and futures, a revenue trade included to calculate DARTs is a commissionable trade order placed by the customer and executed, regardless of the number of shares or contracts included in the trade order. When viewing our DARTs, it should be taken into account that, for equities and equity options, we charge most of our commissions based on share volume and number of contracts traded (and not by revenue trade used to calculate DARTs). For futures, we charge commissions on a per contract basis. It should be noted that all DARTs are not equal. The revenue we derive from each revenue trade depends on the asset in question (equities, equity options, futures — each has a different per unit revenue structure), and, within each asset class, revenue per equity, contract or lot varies to the extent higher volume traders receive more favorable pricing, which they often do.