Tokyo-based financial services company Monex Group has recently revealed its results for the third quarter of its 2019 fiscal year, and although the group itself saw record overall profits, its crypto division lost over $2.7 million in the period.

According to the company’s financial results up until the end of Q3 of its 2019 fiscal year – which ends on March 31 – its total revenue was of 40.78 billion yen ($374.8 million), which represent a 4.86% growth over the same period in 2017.

Despite these results the group’s cryptocurrency operations, based on the hacked crypto exchange Coincheck had an overall loss of over $2.7 million, a figure that still shows an improvement when compared to its Q2 loss of $5.5 million.

Last year the Japanese cryptocurrency exchange notably suffered one of the biggest heists in the cryptocurrency space, after hackers stole over $530 million worth of NEM tokens from its wallets.

In the incident’s aftermath the Monex Group started showing interest in it. In April, the financial services company acquired Coincheck for $34 million, in a move that raised eyebrows.

The cryptocurrency exchange fully resumed operations in late 2018, after it resumed trading in XRP and FCT. Earlier this month, it received a license approved by the country’s Financial Services Agency (FSA) after improving its risk management and governance systems with “concrete internal controls.”

As first reported by Finance Magnates, Monex’s operating revenue contributed the most to total revenues, and rose 4.53% when compared to the same period of the prior year. Over the nine-month period ending December 31, 2018 the group made a profit of 2.59 billion yen ($23.8 million), down 43% compared to last year.

In the US, Monex Group had a record quarter, as its profit was of 700 million yen ($6.45 million), a figure 82% higher than in the previous quarter. In Japan, where Coincheck is based, Monex’s FX service FX Plus saw its trading volume increase, allowing its market share of traded currency in FX trading hit 1.5%.

This saw Monex’s results remain strong, leading to a revenue and income increase. In Q3 of its fiscal year, its profit for Japan was of 1.1 billion yen ($10 million), a 36% rise over the previous quarter.