Coincheck Group
CNCK on Nasdaq. Finance services. Market value $231m.
This company reports once a year (it is based outside the US), so every figure comes from its annual report for the year to March 2025.
We can't read total debt from the filing, so debt is left out.
Cash flow or capital spending isn't reported, so free cash flow is unknown.
The latest annual report is over 15 months old, so we don't rank it.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
What to watch out for
See Financial services stocks that passed both tests
This is not advice. Check the numbers below.
We don't have this figure for this company.
We don't have this figure for this company.
We don't have this figure for this company.
Quality score: not known. Price score: not known. Our list needs 70 on quality and 60 on price.
$1.40 a share, at its 1-year low
Over the past year the price has ranged from $1.39 to $9.31.
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |
| Revenue | n/a |
| Operating margin | |
| Operating margin | n/a |
| Debt to equity | |
| Debt to equity | n/a |
| Shares outstanding | |
| Shares outstanding | 0.13bn |
Health checks
- Free cash flow positiveDoesn't apply to banks and insurers
- Accounting checksDoesn't apply to banks and insurers
- DebtDoesn't apply to banks and insurers
- Revenue growth, five yearsUnknown
- Buying back its own sharesRoughly flat
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 29 June 2026
- Next quarterly (estimated, 10-Q)
- n/a
Who owns it
None of the long-term investors we follow own it. 17 funds in all.
Largest holders overall
- Geode Capital Management$5mAdded
- Linden Advisors LP$348,917
- Shay Capital$186,995
- Northern Trust$126,957Cut
- Morgan Stanley$126,491Cut
- Neuberger Berman Group$111,000
- Cresset Asset Management$90,662Cut
- State of Wyoming$85,736New
- HRT Financial LP$74,000New
- Millennium Management$70,938Added
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
3 investors own more than 5%.
- MONEX GROUP, INC.83.6%+0.4 ptsSince 12 May 2026
What they said
Item 4 of the Schedule 13D is hereby amended and supplemented by the following: The information in Item 6 of this Schedule 13D is incorporated herein by reference.
Read the filing - KDDI CorporationStrategic holder14.9%Since 9 June 2026
What they said
The information set forth in Items 3, 5 and 6 is hereby incorporated by reference into this Item 4. The Reporting Person acquired the Shares as an investment and to seek business opportunities with the Issuer and its subsidiaries and affiliates. Consistent with such purposes,…
Read the filing - Koichiro WadaPassive investor7.5%Since 31 December 2024
- Weiss Asset Management LPPassive investorSold down below 5%Since 31 December 2024
| Holder | Stake | Since | |
|---|---|---|---|
MONEX GROUP, INC. | 83.6%+0.4 pts | 12 May 2026 | What they saidItem 4 of the Schedule 13D is hereby amended and supplemented by the following: The information in Item 6 of this Schedule 13D is incorporated herein by reference. Read the filing |
KDDI Corporation Strategic holder | 14.9% | 9 June 2026 | What they saidThe information set forth in Items 3, 5 and 6 is hereby incorporated by reference into this Item 4. The Reporting Person acquired the Shares as an investment and to seek business opportunities with the Issuer and its subsidiaries and affiliates. Consistent with such purposes,… Read the filing |
Koichiro Wada Passive investor | 7.5% | 31 December 2024 | |
Weiss Asset Management LP Passive investor | Sold down below 5% | 31 December 2024 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought or sold on the open market in the last 12 months.
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
Coincheck Group doesn’t file a US annual report (10-K), so we haven’t checked it.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.