Monex Group Reports Upbeat November Revenues Amid Rising Trading Volumes

The Japanese brokerage welcomes strong revenues for the month after November DARTs soared.

Monex Group, Inc. today reported its monthly consolidated financial results for the month of November 2016, as per a company statement.

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November Operating Revenue

For November 2016, Monex recorded monthly revenues of $34.15 million (¥4,020 million). This represents an increase of 18.2 percent over last month’s figures of $30.6 million (¥3,401 million) and down -7.16 percent YoY compared with $36.8 million (¥4,330 million) in November last year.

Financial expenses registered a decrease during the month ending November 2016, coming in at $2.66 million (¥313 million). This reflected a fall of -5.2 percent from $2.97 million (¥330 million) in October 2016.

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November Trading Volumes

Earlier this month, Monex reported its November 2016 business metrics revealing much improved figures for the month in comparison with October’s decline and generally lukewarm financials during the last few recent months.

The figures revealed a strong increase of 30 percent MoM compared with October’s 236,895 and an annual increase of 9.7 percent compared with November 2015’s figures of 280,599.

While today’s annual revenue comparison shows a decline, the MoM percentage increase looks to be headed in the right direction, revealing the strongest set of figures recorded since June this year.

Personnel Change

Monex has also announced a personnel change within the company. Executive Director Hiroshi Goto has now taken on additional responsibilities and becomes Executive Director; General Manager, System Operation and Management Department, with immediate effect.

 

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