Japan’s GMO Click Holdings posts in Q3 lowest so far cons operating revenue for FY 2016

Japan’s GMO Click Holdings posts in Q3 lowest so far cons operating revenue for FY 2016

Japanese forex brokerage group GMO Click Holdings reported on Friday its preliminary consolidated operating revenue for the period October-December 2015 amounted to nearly JPY 6.8 billion, which is the lowest quarterly value so far for the fiscal year (FY) 2016, started 1 April, 2015. Following the news, the broker’s stocks, which are trading on the JASDAQ, slightly fell by about 4%.

The figure represents a decline of 12%, compared to the previous quarter. In the first three months of the fiscal year the broker’s consolidated operating revenue exceeded JPY 7.8 billion, falling to nearly JPY 7.7 billion in the second quarter.

GMO Click Holding saw in December its monthly consolidated operating revenue recovering to more than JPY 2.5 billion, after it registered its lowest value for the fiscal year of JPY 2.0 billion in November. This represents a jump of 24% on a monthly basis. GMO Click Dec 2015

In comparison, Invast Securities, another Japanese forex broker, has reported an operating revenue of JPY 4.0 billion in 2015, after in December alone its operating revenue jumped 35% on the month to JPY 281 million. The Japanese forex market is among the most dynamic ones in the world.

Earlier this month, GMO Click Holdings said its subsidiaries GMO CLICK Securities and FX PRIME by GMO posted for December a monthly increase in their over-the-counter (OTC) forex trading volumes to nearly JPY 77.5 trillion and JPY 6.4 trillion, respectively. FX PRIME handled 166,480 OTC forex accounts, while GMO CLICK Securities serviced 427,276 OTC forex accounts, 51,817 contracts for difference (CFDs) accounts, 157,261 binary options accounts, and 276,169 brokerage accounts, as well as 319,213 TFX Click365 accounts.

GMO Click Holdings, set up in 2012, consists of the companies GMO Click Securities (Tokyo), FX Prime by GMO (Tokyo), GMO-Z.com Forex (Hong Kong), GMO-Z.com Bullion (Hong Kong), and GMO-Z.com Trade (London).

Source: GMO Click Holdings

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