Monex Group’s operating revenue falls to JPY 4.1 bn in Feb 2016

Monex Group’s operating revenue falls to JPY 4.1 bn in Feb 2016

Japanese forex brokerage group Monex Group said on Tuesday its operating revenue fell to nearly JPY 4.1 billion in February 2016, the lowest so far in this fiscal year, started 1 April, 2015. The figure represents a decline of 6.4% over the month and 5.6% compared to a year earlier.

Despite the lower values in the past few months, Monex Group’s total operating revenue for the eleven months, ended 29 February, jumped 9.9% to JPY 50.4 billion.

The broker also posted in February the lowest value of financial expenses in the current fiscal year of JPY 288 million, 4.3% lower than in October 2015 when was the previous lowest.

Following is data about the group’s monthly operating income and expenses since the beginning of the fiscal year:

Monex Group Feb 2016

In comparison, GMO Click Holdings, another Japanese forex brokerage, had an operating revenue of nearly JPY 2.0 billion in February.

Earlier this month, Monex Group published its monthly trading metrics for February which showed the broker saw its highest trading volume for the past 14 months of $42.9 billion last month. Its daily average revenue trades (DARTs) slightly increased by a monthly 1.5% to 354,366 in February.

The Monex group consists of the Japan-registered holding company Monex Group Inc. and its subsidiaries Monex Inc., Monex Ventures, and TradeStation Corporations, Monex Hambrecht, and Monex-Saison-Vnaguard Investment Partners, 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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