GMO Click Issues Full Year Financials, Net Income Soars 27.7%
- Japanese broker, GMO Click has issued its Full Year (FY) financial results for the period ending March 31st, 2014. During the year, Bottom line Net Income increased 27.7% to ¥3.689 billion.
Japanese broker, GMO Click has issued its Full Year (FY) financial results for the period ending March 31st, 2014. During the year, operating income rose 19.7% to $209 million (¥21.456 billion). The growth followed a 16.4% increase in operating income in FY figures for the period ending March 31st, 2013. Bottom line net income was $36 million (¥3.689 billion), a 27.7% improvement from the same period last year.
In the broker’s analysis of the year, they attributed the gains in revenue and income on the Bank of Japan’s monetary easing policies which has caused the yen to become weaker, while the stocks have appreciated in value. GMO added though that stock prices have begun to weaken as emerging market instability is taking place; citing that China’s economy was cooling off as well as unease in Ukraine. In terms of the yen, GMO Click cited that expectations were for the currency to continue to weaken in 2014 due to further Bank of Japan easing taking place, with the USDJPY poised to trade above 105. However, they added that weakness in other parts of the world led to yen demand taking place. (USDJPY prices briefly traded above 105 to start the year but have since fallen to 102.3)
During the FY period, GMO Click registered record volume figures last July, as Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi trading topped $1 trillion. Activity eased for the second half of 2013, but has since trended higher again to start 2014. In order to further boost its Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying business, GMO Click alluded to its new VIP plan that it has introduced, improvements having been made to customer service, as well as pricing decreases.
Japanese broker, GMO Click has issued its Full Year (FY) financial results for the period ending March 31st, 2014. During the year, operating income rose 19.7% to $209 million (¥21.456 billion). The growth followed a 16.4% increase in operating income in FY figures for the period ending March 31st, 2013. Bottom line net income was $36 million (¥3.689 billion), a 27.7% improvement from the same period last year.
In the broker’s analysis of the year, they attributed the gains in revenue and income on the Bank of Japan’s monetary easing policies which has caused the yen to become weaker, while the stocks have appreciated in value. GMO added though that stock prices have begun to weaken as emerging market instability is taking place; citing that China’s economy was cooling off as well as unease in Ukraine. In terms of the yen, GMO Click cited that expectations were for the currency to continue to weaken in 2014 due to further Bank of Japan easing taking place, with the USDJPY poised to trade above 105. However, they added that weakness in other parts of the world led to yen demand taking place. (USDJPY prices briefly traded above 105 to start the year but have since fallen to 102.3)
During the FY period, GMO Click registered record volume figures last July, as Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi trading topped $1 trillion. Activity eased for the second half of 2013, but has since trended higher again to start 2014. In order to further boost its Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying business, GMO Click alluded to its new VIP plan that it has introduced, improvements having been made to customer service, as well as pricing decreases.