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.

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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.

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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.

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