Monex Group Reports Strong Results Despite Mixed Performance by Monex Inc.

Japanese financial services firm Monex Group (Tokyo Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term: 8698) reported today both the latest quarterly financial results for its wholly-owned subsidiary Monex, Inc., and the group's own preliminary consolidated financial results for the quarter ending June 30, 2017.

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The results by the two linked organizations show a mixed performance during the second quarter of 2017 (the period from April 1 to June 30) - which is equivalent to the first quarter of the Japanese fiscal year ending March 31, 2018.

Monex Group reports for the period:

• ¥11.8 billion operating revenue, up 1.5 percent compared with same quarter last year;
• ¥750 million profit before income taxes, up 35 percent compared with same quarter last year;
• ¥400 million profit, up 71.5 percent compared with same quarter last year;
• ¥450 million profit attributable to owners of the company, up 72.3 percent compared with same quarter last year.

Monex Inc. reports for the period:

• ¥7.715 billion operating revenue, down 2.8 percent compared with same quarter last year;
• ¥6.691 billion net operating revenue, down 3.2 percent compared with same quarter last year;
• ¥902 million operating income, up 37.5 percent compared with same quarter last year;
• ¥911 million ordinary income, up 36.0 percent compared with same quarter last year;
• ¥693 million profit, down 47.5 percent compared with same quarter last year;
• ¥661.9 billion total assets, up from ¥606.5 billion in the previous quarter;
• ¥49.7 billion net assets, up from ¥50.7 billion in the previous quarter.