Monex Group Reports October ¥3.77 Billion in Net Operating Revenue Up 1.2% MoM
- With subsidiaries in the U.S and Hong Kong, the Japan based holding company and provider of foreign exchange and brokerage services globally has released operating metrics for the month of Oct, as volumes had dropped.
The Tokyo-based provider of global foreign 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 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.
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.
Source: Monex Oct 2013 IFRS
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 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 (TSE) were trading lower by 2.59%, or down 11 yen to 413 yen per share today.
The Tokyo-based provider of global foreign 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 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.
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.
Source: Monex Oct 2013 IFRS
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 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 (TSE) were trading lower by 2.59%, or down 11 yen to 413 yen per share today.