Monex Group Posts Q2 2013 Figures – Strong Income and Revenue Growth

Japanese Monex has posted Q2 figures today for both its Monex Group and Monex Inc subsidiary. At Monex Inc, for

monex logoJapanese Monex has posted Q2 figures today for both its Monex Group and Monex Inc subsidiary. At Monex Group, for the quarter, ended June 30th, Operating Revenue grew to $168.08M (¥16.8B). In yen terms, the figures were 107% above the same period last year and a 30.3% QoQ increase. Net Income during the period was reported at $51.03M (¥5.1B). The figures compare to ¥2.362B in Q1 and ¥171M in the same period last year.

At Monex Inc, on a yen basis, Operating Revenues rose 139.9% to $125.55M (¥12.525B) from $52.34M (¥5221), last year. Net Income grew to $37.7M (¥3.761B) from $7.36M (¥734M) in 2012. Revenues were paced a greater than 4X increase in Stock and ETFs commissions, due to a surge in trading volumes as the Nikkei 225 has risen to multi year highs this year. The quarter was also helped by a spike in stock volatility at the end of May.  Net assets at Monex Inc rose to $5.27B (¥525.7B).

Suggested articles

How Will Zero-Fee Investment Platforms Impact Traditional Stock Brokers?Go to article >>

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

Got a news tip? Let Us Know