Kabu Reports Slight Recovery in Monthly Revenues in February

Net revenues increased by 3.5 per cent month-on-month.

Kabu, an online securities broker, has disclosed its preliminary monthly performance figures for February of 2019. The firm, which is a subsidiary of the Mitsubishi UFJ Financial Group, managed to report an uptick in revenues from January, which reported its worst monthly revenues in more than three years.

During the month of February, revenues generated from brokerage commissions was ¥554 million ($4.98 million). When measured against the previous month, which achieved revenue of ¥461, this represents an increase of ¥93 million or 20.2 percent.

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However, when taking in the results from the past six months, the brokerage commission-related revenues achieved across the month of February are still below the average achieved over the past six months which is ¥585.67 million.

For brokerage commissions, stock and equity trading contributed the most to February’s month-on-month increase. Specifically, stock trading commissions increased by ¥52 million or 24.9 percent and equity commissions were up by 23.3 percent or ¥44 million.

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Taking a look at net revenues, throughout the month, the retail broker managed to achieve net operating revenue of ¥1.269 billion. When comparing this to January, this is also up by 3.5 percent or ¥43 million.

Although net operating revenues were up when measured against January of 2019, it is still lower than the average value achieved over the past six months, which is ¥1.48 billion by 14.5 percent.

Market Making Increases MoM on Kabu

Market making, which is generally the firm’s largest source of revenue also managed to recover from January’s slump, increasing by ¥54 million or 9.1 percent from ¥595 million in January to ¥649 million in February.

In February of 2019, Kabu recorded trading gains of ¥69 million. This is up by 56.8 percent or ¥25 million against January’s trading gains, however, it is still below the average reported over the past six months of ¥78.3 million.

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