The results of the Japanese crypto currency exchange “coin check” which leaked a huge amount of customer assets by hacking became clear.
On the evening of April 5, the Nikkei newspaper electronic version reported on the operating profit of the coin check “It will have exceeded 100 billion yen (900 million dollars) in the most recent year.”
In addition, the major media in Japan reported that Monex Group, the leading Internet securities company, acquired a coin check and announced on April 6.
The operating income of the Monex Group for the fiscal year ended March 31, 2017 was 1 billion yen.
Looking at the operating profit comparison, the coin check is 100 times that of the parent company Monex Group.
Meanwhile, the Monex Group is expected to hold a majority of the voting rights by investing billions of yen in coin checks.
Evaluation for coin check on acquisition (market capitalization) is about 10 billion yen by simple calculation, only about one tenth of Monex’s own market capitalization.
The coin check has earned huge profits so far, but the bargain-looking acquisition price reflects the severity of the future management of the crypto-currency exchange.