SBI Holdings Reports Q3 Financial Results, Revenue, Income Record Triple-Digit Growth

SBI Holdings, a highly diverse financial group whose subsidiaries specialize in Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, securities and banking services has just reported its third quarter financial results through the fiscal year ending in March 2014, highlighted by staunch growth in operating revenue across its financial services (41.7%) and asset management (105.1%) sectors.

Tokyo-based SBI Holdings oversees an overarching group that includes SBI Securities, SBI Group and SBI Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term Market – the latter specializing in Fx technology and liquidity solutions. The parent group has shown robust growth throughout the year with several moves into various avenues and Fx-related ventures by its subsidiaries, along with a willingness to expand its operations across several other asset classes.

Operating Revenue Soars Across Financial Services and Asset Management

Relegated specifically to the Financial Services Business during the nine months ending in December 31, 2013, SBI Holdings reported an operating revenue of $1,064.3 million (¥109,030 million), highlighted by a growth of 41.7% YoY from $751 million (¥76,934 million) during the nine months ending in December 31, 2012. These services constituted all business conducted via brokerages, securities, banking services, insurance, etc.

Moreover, in terms of the Asset Management Business conducted by the group, operating revenue in the nine months ending in December 31, 2013 swelled 105.1% YoY to $576.1 million (¥59,022 million) from $280.6 million (¥28,748 million) previously.

Total Income Another Bright Spot

Despite the huge gains in operating revenue, it was in the area of income that SBI Holdings saw its highest increases over a nine-month interval. Total income exploded to $353.8 million (¥36,139 million) during the nine months ending December 31, 2013, from $69.1 million (¥7,062 million) previously, representing a staggering 411.1% growth YoY.

Operating Revenue, Income Growth Unable to Reverse Downtrend in Share Prices

SBI Holdings’ (HKG:6488) company stock has experienced an uneven year thus far in 2014, retreating off a yearly high of $11.60 back in January. The nine-month window cited above witnessed a meteoric rise in share value from $5.80 that initiated in March 2013 and ultimately topped out at $14.10 during the beginning of May 2013. According to Forex Magnates' research, the company presently trades at $9.52 per share, down nearly 18% since the start of the new year – ahead of the release, share prices were down -0.42%.