Monex Group Inc., a Japanese financial services company based in Tokyo, has reported its monthly consolidated financial results (IFRS) for April 2017. The firm’s revenues declined in comparison to April 2016. An additional decrease in revenues can be seen in comparison to March 2017.
Operating revenue in April 2017 was about ¥3,553 million ($31.74 million), whereas this time last year it was ¥3,833 million ($34.25 million), down 7.30 percent on a year-on-year basis. Compared to March 2017, when the revenue was estimated at ¥4,736 million ($42.31 million), April 2017 revenue was down 24.98 percent.
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In addition, Monex Group reported its year-end dividends for the fiscal year ending March 31, 2017, which also seem to be in a downward trend. The total dividends in March 2017 was estimated at ¥730 million ($6.52 million), while it was about ¥739 million ($6.6 million) last year, down 1.22 percent on a year-on-year basis.
The dividend per share stayed the same at ¥2.60 ($0.023), and met the expectations for maintaining its value both in the interim and year-on-year. Still, there was a decline from last year’s interim of ¥7 ($0.063), a drop of 62.9 percent. The annual total showed an additional decrease from ¥9.60 ($0.086) to ¥5.20 ($0.046), down 45.83 percent.
In a recent article regarding Monex Group revenues, Finance Magnates reported a decline in the results of January 2017, despite a noted increase in trading volumes. The results were “..underpinned by withering figures on both yearly and monthly intervals in what has been its worst month since October 2016, according to a corporate statement.”