Announcement of setting up Monex Cryptocurrency Laboratory
TOKYO, January 31, 2018 - Monex Group, Inc. (“the Company”) hereby announces that its subsidiary Tokenz,Inc. set up “Monex Cryptocurrency Laboratory” today to offer up-to-date and easy-to-understand information on
cryptocurrencies as the environment rapidly changes and various information floods.
Advancement of blockchain and other technologies are changing life and financial transactions. While individual
investors are increasingly interested in and willing to invest into cryptocurrencies that can be classified as a newasset class, comprehensible explanations and organized information have not been sufficiently provided. Given
the fact, the new Laboratory, led by Nana Otsuki, currently an Executive Director, and Chief Analyst, and Head ofMonex University at Monex, Inc., Monex Group’s subsidiary, will study cryptocurrencies, which are new trading
products and asset class with volatility and volume, and offer up-to-date and easy-to-understand information.
Nana Otsuki will continue to assume the current roles.
Biography of Nana Otsuki:
Executive Director, Chief Analyst, and Head of Monex University of Monex, Inc.
Nana completed her undergraduate study at Faculty of Letters, The University of Tokyo, and earned MBA fromLondon Business School.
She was engaged in market research at financial institutions such as Standard & Poor’s, UBS, and Merrill Lynchand has been highly rated by diverse media outlets. Since January 2016, she has taken the role as Chief Analyst atMonex Inc., analyzing domestic and international financial markets as well as stock markets overseas. In addition,
recently Nana is actively working on analysis and reporting about cryptocurrency, ICO, etc.
She is also Professor of Economics at Nagoya University of Commerce and Business. She is a member ofmultiple organizations such as Tokyo Metropolitan Government’s public fund management and operation advisoryboard, Deposit Insurance Corporation for JAs’ policy board, and Fiscal System Council subcommittee.
Nana frequently appears in media programs including “News Morning Satellite” broadcasted by TV Tokyo.
Contributed articles by Nana related to cryptocurrencies:
Toyo Keizai Online, December 27, 2017 http://toyokeizai.net/articles/-/202842
Title: Emergencing Altcoins outperform Bitcoin – Verifying risks and future outlook of crashed cryptocurrencies(only available in Japanese, interim translation)
Toyo Keizai Online, January 24, 2018 http://toyokeizai.net/articles/-/205794
Title: Are rapidly increasing ICOs good buy? Points that should be examined (only available in Japanese, interimtranslation)
About Tokenz, Inc.:
Established: August 21, 2017
Paid-In Capital: 1 million yen
Main Business: Researching, planning, studying, developing, and consulting regarding cryptocurrency services

Contact:

Akiko Kato, Toshiaki Koike
Corporate Communications OfficeMonex Group, Inc.
+81-3-4323-8698

Atsushi Demoto, Yuki Nakano
Investor Relations, Financial Control Department
Monex Group, Inc.
+81-3-4323-8698

This material is an English translation of a Japanese announcement made on the date above. Although the Company
intended to faithfully translate the Japanese document into English, the accuracy and correctness of this English
translation is not guaranteed and thus you are encouraged to refer to the original Japanese document. Thistranslation 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.