As forex trading in Japan has lost substantial amounts of volumes when compared to last year’s booming numbers, the profitability at one of the major powerhouses GMO Click has not been affected much. The company has issued an announcement detailing its fiscal 2015 first quarter results ending on June 30th 2014. Operating revenues have been reported at ¥4.8 billion ($47.1 million), which is lower by 15.7% when compared to a year ago, while net operating revenues have lost 15.5% to ¥4.54 billion ($44.6 million).
On the bottom line, GMO Click has reported operating income coming out at ¥1.2 billion ($11.8 million, which is lower by 8.4% when compared to the fiscal first quarter of 2014, while the net quarterly profits have been announced at ¥935 million ($9.2 million), which is higher by 5.8% when compared to last year. Net income per share has been reported at ¥51.92 ($0.52).
Digitex Futures Partners with ChainlinkGo to article >>
Apparently the dramatically lower numbers which we have been observing during the first quarter of 2014, have not been affecting the brokerage’s profitability. Last year has been largely marked as a one off implosion in trading activity as the aggressive start of Abenomics has resulted in a substantial depreciation of the Japanese yen. Whether or not we see more volatility going forward, the biggest by volume Japanese brokerage is well prepared to weather varying market conditions.