Japan Outperforms Global Units as Monex Group Reports Q3 Results

Monex Group has reported its preliminary Q3 financial report for the period ending December 31st, 2014, for both its global and Japanese Monex Inc companies. During the quarter, Monex Group's operating revenues were above 2013 figures, but the overall fiscal year after the first nine months trails that of last year.

Total operating revenue was reported at ¥14.057 billion ($119 million) versus ¥13.316 billion in the same period in 2013. Net income though, declined to ¥2.104 billion from ¥2.485 billion in 2013. Total fiscal year results for the first nine months declined to ¥36.9 billion from ¥42.668 billion in 2013. Net income during the first nine months also dropped to ¥1.8 billion from ¥9.259 billion in the same period last year.

Better Luck in Japan

The Monex Inc company, which is composed of Monex Group’s Japanese online securities brokerage, fared better than the overall group during Q3 and for the entire year. During the third quarter, Monex Inc Net Operating Revenue rose to ¥8.346 billion from ¥8.143 billion from the same period in 2013, with Net Income increasing to 1.823 billion from ¥1.280 billion. For the first nine months of the fiscal year though, Total Operating Revenue fell to ¥24.183 billion from ¥29.871 billion in 2013. Similarly, Net Income fell to ¥3.732 billion from ¥7.042 billion.

Overall, the outperformance of the Japanese brokerage unit can be attributed to increased Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term in the yen during the last three months of 2014, which buoyed both 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 Read this Term and commission-based securities trading at Monex. Also, non-Japanese figures were hampered by the contraction of its IBFX brand, of which the majority of accounts were sold to FXCM in September 2014 as Monex ceased supporting MetaTrader 4.