Rakuten Securities Posts Revenue Gain, Q2 Profit Drops
- The revenue went up by 21.3 percent, but net profits declined by 23.8 percent.
Rakuten Securities Inc, one of the largest foreign exchange brokers in Japan, has published its quarterly financial results for three months ending on June 30, 2021. The numbers show a significant rise in revenue, but the net income went down.
The Tokyo-headquartered company reported operating revenue of more than ¥20.5 billion in the quarterly period, which is 21.3 percent higher than ¥16.9 billion generated in the same quarter in the previous year. Net operating revenue also remained in line with ¥19.35 billion, compared to Q2 of 2020’s ¥16.35 billion.
On the other hand, the quarterly earnings could not maintain a yearly surge. The operating income of the Japanese broker came in at ¥2.8 billion for the period, while the ordinary income stood at ¥3 billion. These figures were at ¥3.3 billion and ¥3.32 billion, respectively, last year.
Additionally, the net income took a hit, remaining at ¥1.67 billion, which is down by 21.5 percent year-over-year.
However, strong figures generated in the first quarter of the year kept both revenue and profits in tandem. Net operating revenue and net income for the six month period came in at ¥41.8 billion and ¥5.24 billion, respectively. The first figure gained by 26.6 percent, while income soared by over 8 percent year-over-year.
Group Results to Follow
Rakuten Securities is one of the largest Japanese FX brokers and operates regional businesses, including in Hong Kong, following the acquisition of one of FXCM’s prior businesses five years ago.
The broker is a part of the larger Rakuten Group, which has business in various verticals like the internet and Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term. The group is expected to announce its consolidated financials after a couple of weeks.
The brokerage business gained heavily last year from the market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term and influx of retail traders in the market. But, after a year, the continued business growth shows how trading is changing and moving in a positive direction.
Rakuten Securities Inc, one of the largest foreign exchange brokers in Japan, has published its quarterly financial results for three months ending on June 30, 2021. The numbers show a significant rise in revenue, but the net income went down.
The Tokyo-headquartered company reported operating revenue of more than ¥20.5 billion in the quarterly period, which is 21.3 percent higher than ¥16.9 billion generated in the same quarter in the previous year. Net operating revenue also remained in line with ¥19.35 billion, compared to Q2 of 2020’s ¥16.35 billion.
On the other hand, the quarterly earnings could not maintain a yearly surge. The operating income of the Japanese broker came in at ¥2.8 billion for the period, while the ordinary income stood at ¥3 billion. These figures were at ¥3.3 billion and ¥3.32 billion, respectively, last year.
Additionally, the net income took a hit, remaining at ¥1.67 billion, which is down by 21.5 percent year-over-year.
However, strong figures generated in the first quarter of the year kept both revenue and profits in tandem. Net operating revenue and net income for the six month period came in at ¥41.8 billion and ¥5.24 billion, respectively. The first figure gained by 26.6 percent, while income soared by over 8 percent year-over-year.
Group Results to Follow
Rakuten Securities is one of the largest Japanese FX brokers and operates regional businesses, including in Hong Kong, following the acquisition of one of FXCM’s prior businesses five years ago.
The broker is a part of the larger Rakuten Group, which has business in various verticals like the internet and Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term. The group is expected to announce its consolidated financials after a couple of weeks.
The brokerage business gained heavily last year from the market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term and influx of retail traders in the market. But, after a year, the continued business growth shows how trading is changing and moving in a positive direction.