Monex Group Reports Monthly Fiscal Results, Revenue Drops 3.4% MoM

Fiscal report released today shows decrease of 3.4% in revenues for the Japanese electronic trading company, rending in the month

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Monex Group, a Tokyo-based financial services company, has just reported its monthly consolidated fiscal results ending in the month of November, highlighted by a decrease in revenue according to  the company’s fiscal statement.

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Indeed, the figures from November, 2013 paint a picture of slowly waning revenue of 4,021 million yen (compared to 4,157 million yen in October, 2013), constituting nearly a -3.4% decrease overall. Moreover, the recent statement also showed that fiscal expenses in November have decreased to 363 million yen, down from 384 million yen in October. Lastly, operating revenue after deducting financial expenses has also seen a decrease in November – a figure of 3,658 million yen was reported, indicating a -3.0% loss MoM.

Third Quarter Figures In Focus, Looks To Snap Back-to-Back Quarterly Drop

The next round of financial reports from the company will yield the December and third quarter statistics for the company. It is worth noting that the previous quarters have seen a decrease in quarterly revenue of -26.37% from the first to second quarter already. Despite this recent trend however, volumes appeared to be on the rise recently, outlined in a recent report.

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