The Tokyo-based provider of global foreign exchange and brokerage services, and parent company of Tradestation Group Inc, Monex Group, reported operating revenues for October today which totaled ¥4.157 billion, up 2.4% Month-over-Month (MoM) from ¥4.054 billion in September, according to information updated on its corporate website pertaining to its monthly consolidated financial results under International Financial Reporting Standards (IFRS).
After deducting financial expenses, operating expenses were ¥3.774 billion, up 1.26% MoM from ¥3.728 in September. This indicated an increase in net operating income after accounting for financial expenses which had risen by 15% from ¥325 million in September to ¥384 million in October, and offset the gross operating income by ¥59 million over the previous month.
Stocks to Watch This Week – Expedia Group, IncGo to article >>
Despite having reported lower trading volumes for the month of October, when compared with September the group managed to keep operating income higher, even after the sharp rise in financial expenses as reported above for October, and as can be seen below in the diagram which compares with the previous quarter for Monex’s reported figures.
The figures for October, including the previously announced trading volumes, when compared with H1 results for the company’s fiscal year which ends on March 31, 2014, indicate a slight recovery from the moderation of growth seen earlier in the first-half, for the Monex Group.
Around the time of publication, shares of Monex’s stock under ticker 8698.T on the Tokyo Stock Exchange (TSE) were trading lower by 2.59%, or down 11 yen to 413 yen per share today.