Monex Reports Highest Monthly Revenues Since August 2015

Monex Group continues on a steady path, but is somewhat underperforming compared to its peers in Japan

Japanese financial holding company Monex Group reported that its revenues for the month of January 2016 have been the highest since August 2015. The company reported that in the first month of the new year total revenues amounted to ¥4.381 billion ($39 million), which was a hair higher than December’s number (¥4.374 billion).

Looking at the financial expenses of the Monex Group last month, the figure came in at ¥361 million ($3.22 million) which is lower by 12 per cent when compared to December 2015. As a result the operating revenue after financial expenses came in at 1.5 per cent higher – ¥4.020 billion ($35.84 million).

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Monex Group includes the likes of Monex Japan, TradeStation and other subsidiaries engaged in providing financial trading and asset management services. The company’s brokerage has been struggling to maintain the same level of activity as its peers in the Japanese industry.

We have seen staggering growth rates in trading volumes and consequently increased revenues at GMO Click, DMM FX and other Japanese brokers. The excessive amount of trading that occurred in January in the aftermath of a Bank of Japan decision to introduce negative rates is likely to be followed by yet another sharp spike in February, as the Japanese yen has appreciated materially.

Meanwhile shares of Monex Group, which are publicly traded in Tokyo, have been trading lower by almost 10 per cent since the start of 2016. After the announcement, the firm’s stock closed up by 1 per cent in today’s trading.

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