Rakuten Securities Revenue Continues to Rise, Q3 Profit Jumps 15%
- The broker generated 6.89 billion yen from its past nine months’ business.
Rakuten Securities Inc, a major Japanese broker and a subsidiary of Rakuten Group, published its consolidated financial results for the first nine months of 2021, from January till September.
The broker generated 21.9 billion yen as revenue for the third quarter of the ongoing fiscal. That was a jump of 19 percent year-over-year when compared with the same quarter of the previous year. Additionally, the net operating revenue of the company jumped to 20.75 billion yen from the Q3 of 2020’s 17.74 billion yen.
Operating income for the three months came in at 3.34 billion yen, which is down from last year’s 3.95 billion yen. Miorever, ordinary income slipped to 3.46 billion yen from the 4 billion yen reported for Q3 of last year.
Similar to the revenue, the Japanese broker strengthened its latest quarterly profits. It generated 2.3 billion yen as profits in Q3, which is a year-over-year increase of 15 percent.
Business Is Booming
The Japanese broker consistently posted a revenue jump for several past quarters, but it reported a decline in profits for the second quarter of 2021, Finance Magnates reported earlier.
Considering the consolidated numbers of the past nine months, the broker generated total operating revenue of more than 66 billion yen, which is almost 27 percent higher than the figure posted for the same period in the prior year. It closed the period with a net income of 7.5 billion yen, which is almost 10.3 percent higher than the previous year.
Rakuten Securities is a part of the broader Rakuten Group and is one of the largest Japanese FX brokers and operates regional businesses, including in Hong Kong, following the Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of one of FXCM’s prior businesses five years ago.
Earlier, the group revealed that it is strengthening its presence in the crypto industry with the upcoming launch of an NFT marketplace.
Meanwhile, other Japanese brokerages are posting strong revenue and profits, mostly with the surge in demand for retail trading of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term.
Rakuten Securities Inc, a major Japanese broker and a subsidiary of Rakuten Group, published its consolidated financial results for the first nine months of 2021, from January till September.
The broker generated 21.9 billion yen as revenue for the third quarter of the ongoing fiscal. That was a jump of 19 percent year-over-year when compared with the same quarter of the previous year. Additionally, the net operating revenue of the company jumped to 20.75 billion yen from the Q3 of 2020’s 17.74 billion yen.
Operating income for the three months came in at 3.34 billion yen, which is down from last year’s 3.95 billion yen. Miorever, ordinary income slipped to 3.46 billion yen from the 4 billion yen reported for Q3 of last year.
Similar to the revenue, the Japanese broker strengthened its latest quarterly profits. It generated 2.3 billion yen as profits in Q3, which is a year-over-year increase of 15 percent.
Business Is Booming
The Japanese broker consistently posted a revenue jump for several past quarters, but it reported a decline in profits for the second quarter of 2021, Finance Magnates reported earlier.
Considering the consolidated numbers of the past nine months, the broker generated total operating revenue of more than 66 billion yen, which is almost 27 percent higher than the figure posted for the same period in the prior year. It closed the period with a net income of 7.5 billion yen, which is almost 10.3 percent higher than the previous year.
Rakuten Securities is a part of the broader Rakuten Group and is one of the largest Japanese FX brokers and operates regional businesses, including in Hong Kong, following the Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of one of FXCM’s prior businesses five years ago.
Earlier, the group revealed that it is strengthening its presence in the crypto industry with the upcoming launch of an NFT marketplace.
Meanwhile, other Japanese brokerages are posting strong revenue and profits, mostly with the surge in demand for retail trading of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term.