Monex Group Inc Plans to Expand TradeStation as B2B Service

The firm is aiming to leverage the use of its internally developed platform TradeStation in order to maximize revenue opportunities

tradestation_logoThe latest quarterly report by Japanese Monex Group Inc (TYO:8698) reveals that the company is aiming to diversify its sources of revenue, by expanding its B2B business primarily through levering its TradeStation platform.

The firm has also outlined plans that it will continue its cost cutting efforts, which will appear in fiscal 2017.

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Income from the company’s core business in Japan has increased by 70% QoQ, as the ‘Land of the Rising Sun’ remains 64% of Monex Group Inc’s (TYO:8698) revenue stream. At the same time, revenues from Japan have increased only by 20%.

Monex Group Inc Revenue Distribution, Source: Monex Group Inc


While 35% of the company’s revenue remains incoming from the US, 45% of the firm’s costs are incoming from the region, while 61% of its workforce is US-based. As of December 2014 the company has 973 employees.

The firm’s ‘Global Vision’ strategy outlines further expansion into the rest-of-the-world, as Monex Group Inc (TYO:8698) Chinese business remains a meager 1% of all revenue.

As already outlined in the company’s preliminary report, revenues have increased 16.9% QoQ to $120 million (¥14,184 million), while quarterly income totaled $27 million (¥3,190 million).

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Year-on-year figures paint a different picture with revenues dropping 17.5%, while income has crashed 76.7%.

Quarter-on-quarter financials comparison, Source: Monex Group Inc


Quarter-on-quarter statistics appear to be turning, as a dismal first half of the year in terms of lack of volatility across major asset classes has led to a dramatically lower stream of revenue.

Foreign exchange remains a rather small part of the business of Monex Group Inc. totaling 10% of total operating revenue with 3% coming from the US and 7% from Japan.

Following is the full earnings report presentation.

Monex Financial Results 30 Jan


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