Monex Group has announced several major changes in its management personnel. Nozomi Takasaki and Satoshi Hasuo will each become Senior Executive Directors. Takuya Yamanaka, who has been working as Managing Director, will now be the new General Manager of the Corporate Planning Department. The shuffle in positions will take effect on January 1, 2018.
The company will also be making alterations to its organizational structure. The Marketing and Sales Departments will now be divided into separate divisions. A new Operations Department will be established, and it will take on some of the current tasks and responsibilities that are currently being handled by the Operations Systems Department. Finally, the Planning Department will be renamed as Corporate Planning Department.
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Financial Revenues Released
The Japanese financial services firm also revealed its financial figures for November, showing solid revenues despite a slight decline from the previous two months. The company recorded revenues of $39.21 million (¥4.453 billion) for the month of November, relative to $35.4 million (¥4.02 billion) in November of the previous year. Meanwhile, Monex listed financial expenses at $3.07 million (¥349 million). The company’s operating revenue after deducting expenses was therefore $36.11 million (¥4.101 billion), surpassing the $32.64 million (¥3.706 billion) figure from the same month last year.
Monex has been making progress over the past year, illustrated through several promising indicators. In October, the company increased its total number of active accounts, as well as improving its Daily Average Revenue Trades (DARTs). The newly released revenue data only solidifies the positive direction of the company’s performance.
The recent improvements made by Monex are indeed encouraging. After a relatively challenging Q4 during the prior fiscal year, in which revenues saw declines, data points appear to be trending in a more positive path. As we approach the end of 2017, it will be intriguing to see if the aforementioned changes to management personnel and operations will impact the company’s financial performance.