Monex Group Reports Strong Results Despite Mixed Performance by Monex Inc.

Weaker performance by Monex, Inc, the wholly-owned subsidiary of Monex Group, did not drag down the group in Q2 2017.

Japanese financial services firm Monex Group (Tokyo Stock Exchange: 8698) reported today both the latest quarterly financial results for its wholly-owned subsidiary Monex, Inc., and the group’s own preliminary consolidated financial results for the quarter ending June 30, 2017.

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The results by the two linked organizations show a mixed performance during the second quarter of 2017 (the period from April 1 to June 30) – which is equivalent to the first quarter of the Japanese fiscal year ending March 31, 2018.

Monex Group reports for the period:

  • ¥11.8 billion operating revenue, up 1.5 percent compared with same quarter last year;
  • ¥750 million profit before income taxes, up 35 percent compared with same quarter last year;
  • ¥400 million profit, up 71.5 percent compared with same quarter last year;
  • ¥450 million profit attributable to owners of the company, up 72.3 percent compared with same quarter last year.

Monex Inc. reports for the period:

  • ¥7.715 billion operating revenue, down 2.8 percent compared with same quarter last year;
  • ¥6.691 billion net operating revenue, down 3.2 percent compared with same quarter last year;
  • ¥902 million operating income, up 37.5 percent compared with same quarter last year;
  • ¥911 million ordinary income, up 36.0 percent compared with same quarter last year;
  • ¥693 million profit, down 47.5 percent compared with same quarter last year;
  • ¥661.9 billion total assets, up from ¥606.5 billion in the previous quarter;
  • ¥49.7 billion net assets, up from ¥50.7 billion in the previous quarter.
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