GMO Click Fiscal Q2: Revenues down 5% YoY, Profits Remain Intact
GMO Click issued an announcement detailing its fiscal 2015 second quarter results ending on September 30th, 2014. Net operating revenues have been reported at ¥9.8 billion ($45.3 million), which is lower by 5% when compared to a year ago, but more than double than last quarter when the company reported ¥4.8 billion ($47.1 million) of net revenues.
This can’t come as a surprise, as during the quarter trading volumes at the Japanese powerhouse brokerage skyrocketed when compared to the dismal numbers throughout the first quarter of fiscal 2015 ending on June 30th.
After a 10% drop in July’s trading volumes, a quick rebound in August led to the best month of the year in September, when GMO Click reported a mind-boggling increase of 80% to ¥90 trillion. This marked the most active trading month since July of 2013, which was the last active month of Japanese yen Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term rate adjustments to accommodate the new Bank of Japan ultra-loose monetary policy.
On the bottom line, GMO Click reported a ¥2.67 billion profit, which is more than double the first fiscal quarter of 2015 and about flat when compared to last year. Profits per share amounted to ¥102.10 or $0.95.
GMO Click issued an announcement detailing its fiscal 2015 second quarter results ending on September 30th, 2014. Net operating revenues have been reported at ¥9.8 billion ($45.3 million), which is lower by 5% when compared to a year ago, but more than double than last quarter when the company reported ¥4.8 billion ($47.1 million) of net revenues.
This can’t come as a surprise, as during the quarter trading volumes at the Japanese powerhouse brokerage skyrocketed when compared to the dismal numbers throughout the first quarter of fiscal 2015 ending on June 30th.
After a 10% drop in July’s trading volumes, a quick rebound in August led to the best month of the year in September, when GMO Click reported a mind-boggling increase of 80% to ¥90 trillion. This marked the most active trading month since July of 2013, which was the last active month of Japanese yen Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term rate adjustments to accommodate the new Bank of Japan ultra-loose monetary policy.
On the bottom line, GMO Click reported a ¥2.67 billion profit, which is more than double the first fiscal quarter of 2015 and about flat when compared to last year. Profits per share amounted to ¥102.10 or $0.95.