Japanese 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).
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