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)
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During the FY period, GMO Click registered record volume figures last July, as Forex 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 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.