Monex Group’s prelim cons net profit jumps 67.5% in 9-mo FY 2016

Monex Group’s prelim cons net profit jumps 67.5% in 9-mo FY 2016

Japanese forex brokerage group Monex Group said on Tuesday its preliminary consolidated net profit went up by an annual 67.5% on the year to more than JPY 3.1 billion in the April-December 2015 period, or the first nine months of fiscal year 2016, ending 31 March this year.

The group’s consolidated operating revenue increased more than 13% on the year to JPY 41.9 billion in the nine-month period.

Monex Q1-Q3 fy 2016
Monex Group’s preliminary consolidated results for Q1-Q3 of FY 2016, ending 31 March, 2016

In the third quarter of the fiscal year, the company reported its lowest operating profit for the year and turned to a loss. Its consolidated operating revenue went down 12.5% to JPY 12.9 billion in October-December 2015. The group turned to a net loss of JPY 396 million in the three months under review from a net profit of JPY 1.8 billion in the previous quarter.

Monex Q3 fy 2016
Monex Group’s preliminary consolidated results for October-December 2015 (Q3 of FY 2016)

Last month, Monex Group said its consolidated operating revenue increased slightly to JPY 4.33 billion in November from JPY 4.23 billion in October. Data for December has not been published yet.

Meanwhile, the non-consolidated operating revenue of Monex Inc., the group’s core subsidiary, dropped by nearly 32% to more than JPY 2.5 billion, despite its non-consolidated operating revenue growing 13% to JPY 27.4 billion.

In an earlier publication, the group has said its monthly trading volume from global forex operations fluctuated from $28.2 billion in October last year, to $22.6 billion in November, and then growing again to $29.5 billion in December.

Meanwhile, GMO Click Holdings, another Japanese brokerage group, reported earlier this month it generated an operating revenue of JPY 22.3 billion in the nine months ended 31 December, 2015, and an operating income of JPY 8.4 billion.

The Monex group consists of the Japan-registered holding company Monex Group Inc. and its subsidiaries Monex Inc., Monex Ventures, and TradeStation Corporations, all registered in Japan, as well as TradeStation Group, which is in charge of the group’s operations in North America and Europe, and Monex International Ltd, aka Monex BOOM Group, which is in charge of the Asian market.

Source: Monex Group

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