Monex Group Sees Q4 Growth in Profits
- Monex's Q4 figures were mixed, with uneven revenues being pared by recovering profits.
Japanese broking giant Monex Group has reported its financial metrics for Q4 2015 ending March 31, 2016, which has seen a slight QoQ loss when measured against a declining prior quarter, per a Monex statement.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
For Q4 2015, Monex’s results showed a total operating revenue of $110.9 million (¥12.3 billion), which marks another consecutive quarterly decline, this time by a margin of -5.0% QoQ from Q3 2015. This result follows after last quarters -12.4% quarterly decline in revenues. However, total operating revenues at Monex for the fiscal year ending March 31, 2016 looks to come in at $488.8 (¥54.2 billion), representing a growth of 6.3% YoY from the previous fiscal year.
Monex’s Q4 2015 profits also looked to be back on track, rebounding off a negative profit margin before taxes last quarter to $4.4 million (¥484.0 million), relative to -$6.1 million million (-¥674.0 million) during Q3 2015. Looking ahead for its yearly figures, Monex Group looks poised to see a net profit before taxes during the fiscal year ending March 31, 2016 of $46.0 million (¥5.1 billion), falling -16.6% YoY from $55.1 million (¥6.1 billion) from the year prior.
The latest fiscal results follow off of Monex’s monthly business metrics and foreign exchange (FX) volumes for March 2016, which were released earlier this month, having shown withering figures on both fronts in what has been its worst month of the calendar year thus far.
The broker’s Daily Average Revenue Trades (DARTs) had already been in decline since January, which saw a figure of only 288,349 DARTs during March 2016 – this was reflective of a loss of -18.6% MoM from 354,366 DARTs in February 2016. Over a yearly timeframe, the latest figure was slightly mitigated, incurring a decline of -10.4% YoY from 321,773 back in March 2015.
Japanese broking giant Monex Group has reported its financial metrics for Q4 2015 ending March 31, 2016, which has seen a slight QoQ loss when measured against a declining prior quarter, per a Monex statement.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
For Q4 2015, Monex’s results showed a total operating revenue of $110.9 million (¥12.3 billion), which marks another consecutive quarterly decline, this time by a margin of -5.0% QoQ from Q3 2015. This result follows after last quarters -12.4% quarterly decline in revenues. However, total operating revenues at Monex for the fiscal year ending March 31, 2016 looks to come in at $488.8 (¥54.2 billion), representing a growth of 6.3% YoY from the previous fiscal year.
Monex’s Q4 2015 profits also looked to be back on track, rebounding off a negative profit margin before taxes last quarter to $4.4 million (¥484.0 million), relative to -$6.1 million million (-¥674.0 million) during Q3 2015. Looking ahead for its yearly figures, Monex Group looks poised to see a net profit before taxes during the fiscal year ending March 31, 2016 of $46.0 million (¥5.1 billion), falling -16.6% YoY from $55.1 million (¥6.1 billion) from the year prior.
The latest fiscal results follow off of Monex’s monthly business metrics and foreign exchange (FX) volumes for March 2016, which were released earlier this month, having shown withering figures on both fronts in what has been its worst month of the calendar year thus far.
The broker’s Daily Average Revenue Trades (DARTs) had already been in decline since January, which saw a figure of only 288,349 DARTs during March 2016 – this was reflective of a loss of -18.6% MoM from 354,366 DARTs in February 2016. Over a yearly timeframe, the latest figure was slightly mitigated, incurring a decline of -10.4% YoY from 321,773 back in March 2015.