Kabu Reports Sluggish Preliminary Results for September

Multiple sectors of the online broker experienced a month-on-month decline.

Kabu, an online securities broker, has disclosed its preliminary monthly operating figures for September. The firm, which is a subsidiary of the Mitsubishi UFJ Financial Group, had an overall sluggish month with multiple sectors experiencing a month-on-month decline.

During September, there were only 18 trading days – the lowest amount so far this year and five less than August – which had the most trading days so far this year and as a result, recorded strong results for the month. This could be a key contributing factor to September’s lackluster results.

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During September the broker saw an uptick in the number of securities accounts, increasing by 1,888 accounts from August of this year to reach 1,102,527 in September. However, when looking at a month by month basis, 420 fewer accounts were opened in September than they were in August.

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Kabu Reports an Overall Decline in Monthly Trading Prices

The average stocks monthly trading price came in at ¥19.2 trillion ($168.8 billion), a decline of around five percent from August which had a trading price of ¥20.1 trillion. The futures monthly trading price was also down around 11 percent when compared to the previous month, coming in at  ¥31.1 billion.

Following the trend, the storefront forex trading price for the month was also down 20 percent at ¥18.4 billion. In August, the online broker had a trading price of ¥22 billion. However, the end of monthly deposit assets actually saw a month-on-month increase of ¥298 billion or one percent to reach ¥24 trillion.

The monthly trading price for financial instruments brokerage stock was ¥719 billion, down ¥77 billion or about 10 percent from the previous month. September’s monthly API futures trading price also fell by ¥767 billion or 69 percent, hitting ¥1.1 trillion.

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