Monex Group Reports July 2016 Revenues Reflecting 12% MoM Decline

Monex has reported a monthly decline in revenues for July 2016 recording figures of $36.7 million (¥3,679 million).

Monex Group Inc, one of the largest brokers in Japan, today reported its monthly consolidated financial results for July 2016, according to a statement.

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July Operating Revenue

For July 2016, Monex recorded a decline in monthly revenue notching a figure of $36.7 million (¥3,679 million). This represents a decline of almost 12 percent MoM from June’s $41.6 million (¥4,174 million) and down 21 percent YoY compared with $46.5 million (¥4,662 million) last year.

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In addition, financial expenses notched a decline during the month ending July 2016, which came in at $3 million (¥304 million). This was reflective of a decrease of -15.3% MoM from $3.6 million (¥359 million) in June 2016.

Earlier this month, Monex reported its its July 2016 business metrics which showed a decrease over the previous month’s figures of 293,426. DARTS were down once again to 275,082, representing an decrease of 6.3 percent MoM, compounded by an annual decrease of 11.2 percent decrease compared with July 2015’s figures of 309,814.

The latest metrics reflect a trend of continuing volatility in what has been a challenging year across the global financial markets.

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