425 1 ea167725-425_coincheck.htm FORM 425

Filed by Coincheck Group B.V.

pursuant to Rule 425 under the Securities Act of 1933

and deemed filed pursuant to Rule 14a-12

under the Securities Exchange Act of 1934

Subject Company: Thunder Bridge Capital Partners IV, Inc.

(Commission File No.: 001-40555)

Date: October 28, 2022

 

 

DATABOOK Financial Results for 2Q of Fiscal Year Ending March 31, 2023 October 28 , 2022 Monex Group TSE Prime: 8698

 

 

I. Market & Transaction Data © Monex Group, Inc. 1

 

 

Market and Transaction Data (3) U.S., Crypto Asset, and Asia - Pacific Segment FYE Mar. 2021 FYE Mar. 2022 FYE Mar. 2023 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q U.S. Segment – TradeStation Group Customers’ Assets in Custody (*1) 825,182 955,641 1,144,240 1,262,119 1,254,015 1,413,790 1,463,980 1,263,405 1,293,773 Total accounts (*2) 125,315 131,431 145,887 156,961 162,751 173,837 183,403 189,127 191,947 DARTs Equities 129,130 157,454 180,574 132,374 119,804 123,763 126,650 123,539 106,199 Options 21,747 23,070 26,935 24,764 25,945 27,906 32,724 29,802 29,921 Futures 67,683 57,975 67,402 55,380 56,384 61,922 77,271 73,608 74,365 VIX VIX Close Average 25.81 25.62 23.20 18.00 18.29 19.27 25.37 27.35 24.73 Crypto Asset Segment ( Coincheck ) Customers’ Assets in Custody 106,813 183,953 435,934 329,345 444,547 441,362 481,024 233,357 279,496 Number of verified 992,021 1,035,942 1,204,500 1,354,927 1,430,308 1,534,173 1,620,025 1,705,307 1,749,692 Customer distribution Under 30 - - - 60% 60% 59% 59% 58% 58% 40s and 50s - - - 35% 35% 36% 36% 37% 37% Over 60 - - - 5% 5% 5% 5% 5% 5% Exchange Trading value (JPY 100million) 3,950 8,383 20,716 18,155 11,848 14,789 8,589 8,602 7,566 Market place Trading value (JPY 100million) 433 914 2,840 2,727 1,144 1,147 666 640 352 Asia - Pacific Segment - Monex Boom Securities+Monex Securities Australia Customers’ Assets in Custody (*1 ) (*2) 167,542 190,299 215,365 227,952 211,544 220,788 215,315 210,447 198,224 Accounts with balances 17,286 18,387 20,935 21,502 21,931 22,138 22,384 22,829 23,114 DARTs 4,713 4,316 6,886 3,831 4,226 3,550 3,802 3,372 2,717 (*1) Customers ’ Assets in custody of TradeStation Group, Inc. and Asia - Pacific segment include the balance of foreign stocks and some deposits of each company . (*2) The number of total accounts in 3Q and 4Q of FYE Mar. 2022 have been modified. 2 © Monex Group, Inc.

 

 

Market and Transaction Data (4) Number of Employees 3 © Monex Group, Inc. FYE Mar. 2021 FYE Mar. 2022 FYE Mar. 2023 2Q End 3Q End 4Q End 1Q End 2Q End 3Q End 4Q End 1Q End 2Q End Japan Segment 408 410 404 420 421 469 466 480 495 Monex Group, Inc. 49 46 46 42 44 47 45 46 40 Monex, Inc. 329 332 326 344 341 342 339 349 367 Others 30 32 32 34 36 80 82 85 88 U.S. Segment 495 511 525 585 673 714 749 777 671 Asia - Pacific Segment 53 51 53 53 50 54 53 53 52 Crypto Asset Segment 129 134 147 152 174 186 212 235 257 Total 1,085 1,106 1,129 1,210 1,318 1,423 1,480 1,545 1,475

 

 

II. Financial Data 4 © Monex Group, Inc.

 

 

Quarterly financial results by segment Crypto Asset Segment 5 © Monex Group, Inc. (JPY million) FYE Mar.2022 FYE Mar.2023 2Q 3Q 4Q 1Q 2Q Brokerage commissions 7 8 5 4 4 Stocks and ETFs - - - - - Options and Futures - - - - - Cryptocurrency 7 8 5 4 4 Underwriting and distribution commissions - - - - - Subscription and distribution commissions - - - - - Other commissions 565 323 116 254 160 Margin forex trades commissions (OTC) - - - - - Margin transaction management fee / transfer fee - - - - - Mutual funds agency commissions - - - - - Others 565 323 116 254 160 Net trading income 7,074 4,447 2,451 2,343 1,237 Financial income - - - - - Sales 132 237 581 591 218 Other operating income - 67 36 19 - - Total operating revenue 7,711 5,051 3,172 3,191 1,619 Financial expenses 1 1 - 2 0 1 Cost of sales 14 23 13 29 55 Total operating revenue after deducting financial expenses and cost of sales 7,695 5,027 3,160 3,162 1,563 Selling, general and administrative expenses 2,934 3,910 4,313 2,682 1,890 The amount equivalent to operating income 4,761 1,118 - 1,153 479 - 328 Other income 77 - 1 54 11 - 2 Other expenses 7 1 - 27 75 61 Quarterly profit before income taxes 4,831 1,116 - 1,072 415 - 391 Income taxes 1,489 354 - 528 148 - 183 Quarterly profit 3,341 762 - 544 268 - 207 FYE Mar.2022 FYE Mar.2023 2Q 3Q 4Q 1Q 2Q Transaction - related expenses 1,568 2,387 1,343 918 725 Commissions paid 169 214 102 113 102 Exchange and association dues - - - - - Communication, freight and information expenses 135 171 183 204 231 Advertising expenses 1,259 1,992 1,053 591 382 Others 5 10 6 10 10 Compensation and benefits 479 582 2,018 571 512 Rental and maintenance 6 6 6 11 13 Rental expenses 6 6 6 10 12 Maintenance expenses 0 0 0 1 1 Data processing and office supplies 181 186 160 244 190 Data processing 181 186 160 244 190 Office supplies - - - - - Amortization and depreciation 100 103 300 112 107 Taxes other than income taxes 69 26 14 16 9 Other operating expenses 531 621 471 811 334 Total selling, general and administrative expenses 2,934 3,910 4,313 2,682 1,890 Gain or loss on valuation of investments in securities - - - - - Gain or loss on sales of investments in securities - - - - - Dividends income - - - - - Loss on disposal on fixed assets - - - - - Change in Fair value of Contingent consideration - - - - - Equity in profits or losses of equity method investments - - - - - Impairment loss on non - financial assets - - - - - Others 70 - 2 81 - 64 - 63 Total of other income and expenses 70 - 2 81 - 64 - 63

 

 

Yearly financial results by segment Crypto Asset Segment 6 © Monex Group, Inc. (JPY million) FYE Mar.2021 FYE Mar.2022 Variance Change Brokerage commissions 40 31 - 10 - 23.8 % Stocks and ETFs - - - - Options and Futures - - - - Cryptocurrency 40 31 - 10 - 23.8 % Underwriting and distribution commissions - - - - Subscription and distribution commissions - - - - Other commissions 812 1,463 651 80.1% Margin forex trades commissions (OTC) - - - - Margin transaction management fee / transfer fee - - - - Mutual funds agency commissions - - - - Others 812 1,463 651 80.1% Net trading income 19,960 26,144 6,185 31.0% Financial income - - - - Sales - 950 950 - Other operating income 14 85 71 498.3% Total operating revenue 20,826 28,673 7,847 37.7% Financial expenses 5 1 - 4 - 76.1 % Cost of sales 51 51 - Total operating revenue after deducting financial expenses 20,822 28,621 7,799 37.5% Selling, general and administrative expenses 7,129 14,909 7,780 109.1% The amount equivalent to operating income 13,693 13,712 20 0.1% Other income 5 139 134 2,436.8 % Other expenses 3,831 - 18 - 3,849 - 100.5 % Profit before income taxes 9,868 13,870 4,002 40.6% Income taxes 3,398 4,163 765 22.5% Profit 6,469 9,707 3,238 50.0% FYE Mar.2021 FYE Mar.2022 Variance Change Transaction - related expenses 2,878 7,151 4,274 148.5% Commissions paid 485 755 269 55.5% Exchange and association dues - - - - Communication, freight and information expenses 322 627 304 94.3% Advertising expenses 2,055 5,745 3,690 179.6% Others 15 25 10 64.7% Compensation and benefits 2,047 3,861 1,814 88.6% Rental and maintenance 3 22 20 761.7% Rental expenses 2 22 20 1,009.6 % Maintenance expenses 1 1 0 3.0% Data processing and office supplies 328 703 375 114.1% Data processing 328 703 375 114.1% Office supplies - - - - Amortization and depreciation 368 600 232 63.2% Taxes other than income taxes 222 237 15 6.9% Other operating expenses 1,284 2,333 1,049 81.7% Total selling, general and administrative expenses 7,129 14,909 7,780 109.1% Gain or loss on valuation of investments in securities - - - - Gain or loss on sales of investments in securities - - - - Dividends income - - - - Loss on disposal on fixed assets - - - - Change in Fair value of Contingent consideration - 3,788 - 3,788 - Equity in profits or losses of equity method investments - - - - Impairment loss on non - financial assets - - - - Others - 37 157 194 - Total of other income and expenses - 3,825 157 3,983 -

 

 

 

 

 

Disclaimer About TradeStation Group Cautionary Statement Regarding Forward - Looking Statements This communication contains forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 199 5, as amended, that reflect TradeStation’s current views with respect to, among other things, the future operations and financial performance of TradeStation . Forward - looking statements in this communication may be identified by the use of words such as “anticipating,” “believes,” “can,” “continue,” “continuously,” “enhance,” “expects,” “hope,” “in progress,” “intends,” “may,” “over time,” “planned,” “se eks ,” “should,” “strategic,” “target,” “think,” “try,” “try to,” “will” and similar terms and phrases. Forward - looking statements c ontained in this communication include, but are not limited to, statements as to ( i ) TradeStation’s efforts regarding its revenue growth strategy, including the success of marketing expenditures and campaigns and approaches and its ability to grow its customer account base generally and the pace at which such growth is, or is not, accomplished, (ii) ongoing volume levels of customer trading activity and trading - related reven ue generated, (iii) the success, or lack thereof, of TradeStation’s crypto account - opening/marketing promotion, and whether crypto customer accounts added through such promotion will provide further funding or deposits to, or trade in, such accounts, (iv) whether TradeStation’s planned product and service enhancements, including those recently launched or currently in progress, will be considered valu ab le or attractive by customers and customer prospects, or completed timely, or at all, and (v) whether federal fund target int ere st rates will continue to increase, and if so when, whether the effective interest rates will match the target rates, and whether TradeStation will be able to benefit through increased net interest income if those rates continue to increase. The forward - looking statemen ts contained in this communication are based on the current expectations of TradeStation and its management and are subject to risks and uncertainties. No assurance can be given that future developments affecting TradeStation will be those that are anticipated. Actual results may differ materially from current expectations due to changes in global, re gional or local economic, business, competitive, market, regulatory and other factors, many of which are beyond the control o f TradeStation . Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward - looking statements. Factors that c ould cause actual results to differ may emerge from time to time, and it is not possible to predict all of them. Any forward - loo king statement made in this communication speaks only as of the date hereof. TradeStation undertakes no obligation to update, revise or review any forward - looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applica ble securities laws. Trademarks, Trade Names and Service Marks This presentation includes trademarks, trade names and service marks that are the property of their respective owners, and ar e p rotected under applicable intellectual property laws. Proposed Business Combination As previously announced, TradeStation Group, Inc. (the “Company”) and Quantum FinTech Acquisition Corporation (“Quantum”) have entered into agreements to effect a business combination (the “Business Combination” ). This presentation does not constitute ( i ) a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Business Combinatio n o r (ii) an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase, any securities of the Company, Quantum, the combined compan y o r any of their respective affiliates. No offering of securities shall be made except by means of a prospectus meeting the req uir ements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom, nor shall any sale of securities i n a ny states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction be effected. No securities commission or securities regulatory authority in the United States or any other ju risdiction has in any way passed upon the merits of the Business Combination or the accuracy or adequacy of this presentation . In connection with the proposed Business Combination between the Company and Quantum, the Company has filed a registration st ate ment on Form S - 4 (the “Registration Statement”) with the U.S. Securities and Exchange Commission (the “SEC”) that includes a pro xy statement / prospectus relating to the offer of the securities to be issued to Quantum. Investors, security holders and ot her interested persons are advised to read the Registration Statement and proxy statement / prospectus and any amendments thereto, and other relevan t d ocuments that are filed with the SEC carefully and in their entirety because they will contain important information about th e C ompany, Quantum and the proposed Business Combination. The definitive proxy statement / prospectus will be mailed to stockhol der s of Quantum as of a record date to be established for voting on the proposed Business Combination. Investors, security holders and other interest ed persons will also be able to obtain copies of the Registration Statement and other documents containing important information ab out the Business Combination and the parties to the Business Combination once such documents are filed with the SEC, without cha rge, at the SEC’s website at www.sec.gov, or by directing a request to: Quantum FinTech Acquisition Corp., 4221 W. Boy Scout Blvd., Suite 300, Tampa, FL 33607, Attention: Investor Relations or by email at IR@qftac or p.com. Quantum and the Company, their respective directors and executive officers and certain investors may be considered participan ts in the solicitation of proxies with respect to the proposed Business Combination under the rules of the SEC. Information abou t t he directors and executive officers of Quantum and their ownership is set forth in Quantum’s filings with the SEC, including its final prospectus relating to its initial public offering in February 2021, which is available free of charge at the SEC’s website at www.sec.gov. Additional i nfo rmation regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of the Quantum sha reholders in connection with the proposed Business Combination, including the Company’s directors and executive officers and cer tain investors, is contained in the Registration Statement for the Business Combination. About Coincheck Important Information About the Business Combination and Where to Find It In connection with the proposed business combination in connection with to the business combination agreement among Coincheck , Inc. (“ Coincheck ”), Coincheck Group B.V. (“CCG”), Thunder Bridge Capital Partners IV, Inc. (“THCP”) and others, CCG intends to file a registration statemen t on Form F - 4 that will include a preliminary proxy statement to be distributed to stockholders of THCP in connection with THCP’s solicitation of proxies for the vote by its stockholders with respect to the proposed business combination. After the reg istration statement has been filed and declared effective by the U.S. Securities and Exchange Commission (“SEC”), THCP w ill mail a definitive proxy statement / prospectus to its stockholders as of the record date established for voting on the propos ed business combination and the other proposals regarding the proposed business combination set forth in the proxy statement. CCG or THCP may also file other do cuments with the SEC regarding the proposed business combination. Before making any investment or voting decision, stockholde rs and other interested persons are advised to read, when available, the registration statement and preliminary proxy statement / prospectus and any amendments thereto, and the definitive proxy statement / prospectus in connection with THCP’s solicitation of pro xie s for the special meeting to be held to approve the transactions contemplated by the proposed business combination because th ese materials will contain important information about CCG, Coincheck , THCP and the proposed transaction. Stockholders will also be able to obtain a copy of the preliminary proxy statement / prospectus and the definitive proxy statement / prospectus once they are available , w ithout charge, at the SEC’s website at www.sec.gov, or by directing a request to: Thunder Bridge Capital Partners IV, Inc., 9 912 Georgetown Pike, Suite D203, Great Falls, VA 22066 . Participants in the Solicitation CCG, Coincheck and THCP and their respective directors and officers may be deemed participants in the solicitation of proxies of THCP’s stoc kh olders in connection with the proposed business combination. THCP’s stockholders and other interested persons may obtain, wit hou t charge, more detailed information regarding the directors and officers of Coincheck and THCP at Coincheck’s website at corporate.coincheck.com, or in THCP’s registration statement on Form S - 1 filed on June 21, 2021, respectively. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to THCP’s s toc kholders in connection with the proposed transaction will be set forth in the proxy statement / prospectus for the transactio n w hen available. Additional information regarding the interests of participants in the solicitation of proxies in connection wi th the proposed transaction will be included in the proxy statement / prospectus filed with the SEC in connection with the proposed business combination. Forward - Looking Statements This presentation includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995, that reflects the current views with respect to, among ot her things, the future operations and financial performance of the Company, THCP , Coincheck and CCG. Forward - looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “could,” “continue,” “expect,” “estimate,” “may,” “plan,” “o utl ook,” “future,” and “project” and other similar expressions that predict or indicate future events or trends or that are not sta tements of historical matters. Such forward looking statements include, but not limited to, estimated financial information. Suc h forward looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of the businesses of the Company, THCP , Coincheck , or CCG after completion of the proposed business combination are based on current expectations that are subject to risks an d u ncertainties. No assurance can be given that future developments affecting Company, THCP , Coincheck or CCG will be those that are anticipated. Actual results may differ materially from current expectations due to changes in global, regional or local economic, business, compe tit ive, market, regulatory and other factors, many of which are beyond the control of the Company, CCG, THCP and Coincheck . Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual re sul ts may vary in material respects from those projected in these forward - looking statements. A number of factors could cause actual results or outcomes to differ materi ally from those indicated by such forward looking statements. These factors include, but are not limited to: (1) the occurren ce of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement (th e “ Agreement”) and the proposed business combination contemplated thereby; (2) the inability to complete the transactions contemplated by the Agreement due t o t he failure to obtain approval of the stockholders of THCP or other conditions to closing in the Agreement; (3) the ability to meet Nasdaq’s listing standards following the consummatio n of the transactions contemplated by the Agreement; (4) the risk that the proposed transaction disrupts current plans and operations of Coincheck as a result of the announcement and consummation of the transactions described herein; (5) the ability to recognize the antic ip ated benefits of the proposed business combination, which may be affected by, among other things, competition, the ability of CC G to grow and manage growth profitably, maintain relationships with customers and business partners and retain its management and key employees; (6) costs related to the proposed business combination; (7) changes in applicable la ws or regulations; (8) the possibility that Coincheck may be adversely affected by other economic, business, and/or competitive factors; and (9) other risks and uncertainties indi ca ted from time to time in other documents filed or to be filed with the SEC by THCP or CCG. The Company cautions that the foregoing list of factors is not exhaustive. The recipient of this material should not place undue reliance up on any forward - looking statements, which speak only as of the date made. The Company, CCG, THCP and Coincheck undertake no commitment to update or revise the forward - looking statements, whether as a result of new information, future even ts or otherwise, except as may be required by law . This material is an English translation of a Japanese announcement made on the date above. Although the Company intended to f ait hfully translate the Japanese document into English, the accuracy and correctness of this English translation is not guarante ed and thus you are encouraged to refer to the original Japanese document. This translation was made as a matter of record only and does not constitute an offer to sell or to solicit an offer to buy securities in the U.S.