Monex Reports Strong Quarterly and Half Year Financial Results
- The Japanese group reports a profit of ¥3.5 billion - an impressive turnaround from the loss of ¥304 million during the same period in 2014.
Monex Group Inc., the Tokyo-based brokerage, today reported its financial results for both the latest fiscal quarter and half year periods, in accordance with Japanese accounting principles. Both reports show that the group's financial performance has increased compared with the corresponding period the year before.
For the half year period which ended September 30, 2015, the Monex Group brought in a total operating revenue of ¥28.9 billion, up 26.5% from the same period the previous year. Profit before income taxes shot up by a whopping 1562.1% year over year, reaching ¥5.2 billion. At the bottom line, the Japanese group reports a profit of ¥3.5 billion - an impressive turnaround from the loss of ¥304 million during the same six month period in 2014.
As for the quarterly results, Monex Group saw an improvement on all accounts but not as substantial as for the half year period. For the three months period which ended September 30, 2015, the group reached a total operating revenue of ¥14.7 billion, up from ¥14.2 billion for the previous quarter. Profit before income taxes reached ¥1.77 billion, up from ¥1.73 billion during the three month period which ended June 30, 2015. Profit for the quarter came in at ¥1.767 billion, again slightly up from the previous period's ¥1.733 billion.
Monex Group also reported today a strong performance at its wholly-owned American-subsidiary, Monex Inc. For the half year period which ended September 30, 2015, Monex Inc. reached an operating revenue of ¥19.1 billion, up 28.3% from the same period the previous year. Net operating revenue was up by 30.8% year over year, reaching ¥17.4 billion. Monex Inc's profit jumped by 72.3%, to ¥3.3 billion, compared with the same six month period in 2014.
Earlier this month, the Monex group reported its business metrics for the month ending September 2015, showing a drop in its FX volumes. In line with the FX volumes, the Daily Average Revenue Trades (DARTs) for the Monex Group were also hurt in September 2015.
Monex Group Inc., the Tokyo-based brokerage, today reported its financial results for both the latest fiscal quarter and half year periods, in accordance with Japanese accounting principles. Both reports show that the group's financial performance has increased compared with the corresponding period the year before.
For the half year period which ended September 30, 2015, the Monex Group brought in a total operating revenue of ¥28.9 billion, up 26.5% from the same period the previous year. Profit before income taxes shot up by a whopping 1562.1% year over year, reaching ¥5.2 billion. At the bottom line, the Japanese group reports a profit of ¥3.5 billion - an impressive turnaround from the loss of ¥304 million during the same six month period in 2014.
As for the quarterly results, Monex Group saw an improvement on all accounts but not as substantial as for the half year period. For the three months period which ended September 30, 2015, the group reached a total operating revenue of ¥14.7 billion, up from ¥14.2 billion for the previous quarter. Profit before income taxes reached ¥1.77 billion, up from ¥1.73 billion during the three month period which ended June 30, 2015. Profit for the quarter came in at ¥1.767 billion, again slightly up from the previous period's ¥1.733 billion.
Monex Group also reported today a strong performance at its wholly-owned American-subsidiary, Monex Inc. For the half year period which ended September 30, 2015, Monex Inc. reached an operating revenue of ¥19.1 billion, up 28.3% from the same period the previous year. Net operating revenue was up by 30.8% year over year, reaching ¥17.4 billion. Monex Inc's profit jumped by 72.3%, to ¥3.3 billion, compared with the same six month period in 2014.
Earlier this month, the Monex group reported its business metrics for the month ending September 2015, showing a drop in its FX volumes. In line with the FX volumes, the Daily Average Revenue Trades (DARTs) for the Monex Group were also hurt in September 2015.