The Japanese broker Rakuten Securities reported a revenue of almost JPY 50.4 billion for 2015, show its full year consolidated financial results published today. The sum is 16% higher, compared to 2014.
The data for 2015 also shows that the operating income of the company was JPY 22.7 billion, rising 17%, year-on-year. A little more than half of the revenue (55%) came from Japanese equities, followed by forex. In its statement the company notes that the Japanese equity-centric revenue structure is being diversified with forex and investment trusts. In comparison, in 2009, 66% of Rakuten Securities’ revenue came from Japanese equity.
The overall positive annual results are clouded by the weak performance of the company in the last quarter of the year, in which the company posted its lowest figures for the 12-month period. The results show that the revenue declined 7.4%, compared to Q3, and 2.7% year-on-year. The operating income in Q4 dropped 2.7% q/q to JPY 5.2 million. The decline in Q4 on annual basis is 12%. At the same time the stock brokerage trading volume was JPY 10.3 trillion – 21% less than in Q3 2015 and 20% less than in Q4 2014. The total assets of the company at the end of the year reached JPY 1.2 trillion.
The forex trading volume of Rakuten Securities in Q4 2015 also posted a yearly low, dropping 29% to JPY 77 trillion, compared to Q4 2014. The decrease is in spite the inclusion of the volume of FXCM Japan Securities, which Rakuten acquired in August 2015, along with FXCM Hong Kong from the US forex broker FXCM.
Rakuten Securities is part of Rakuten Inc. – a Tokyo-based electronic commerce and Internet conglomerate of over 40 companies. Rakuten Securities is the second-largest online broker for Japanese equities, preceded only by SBI Securities.
The company provides trading services with a number of investment instruments, including 40 currency pairs, commodities, options and futures, stocks and bonds, derivatives, and Japanese and oversea equities.