Monex Group’s annual profit remains flattish in fiscal year 2016

Monex Group’s annual profit remains flattish in fiscal year 2016

Japanese forex brokerage group Monex Group announced its preliminary consolidated financial results for the fiscal year 2016 that ended on March 31. They show that its annual profit was JPY 3.5 billion – almost the same as that of the previous fiscal year when it was JPY 3.49 billion.

At the same time the profit before income taxes dropped 16.6% – from JPY 6.1 billion in FY 2015 to JPY 5.1 in FY 2016. The total operating revenue, however, rose by 6.3% over the period and reached JPY 54.2 billion.

The broker notes that those preliminary figures are based on assumptions that Monex Group, Inc. currently considers reasonable and may result in different results with actual performance. They are due to be released on April 28.

Monex Group also released data on its performance in FY 2016, quarter by quarter:

monex q

The above preliminary figures for the 4th quarter (from January 2016 to March 2016) equal the difference between the preliminary figures for the fiscal year ended March 2016 (from April 2015 to March 2016) and the sum of the actual figures of the first three quarters – from April to December 2015.

Previously, Monex Group reported that its operating revenue for February 2016 fell 6.4% over the month and 5.6% compared to a year earlier.

Meanwhile, two other major Japanese forex brokers – Rakuten Securities and Money Partners Group also released their financial results for the fiscal year 2016.

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