JPX Reports 2.3% Drop in FY22 Net Income, Keeps Forecast Bearish

by Arnab Shome
  • The revenue continued to grow, but marginally.
  • It is expecting FY23 revenue to shrink by 2.2 percent.
JPX toko stock exchange

Japan Exchange Group (JPX), a major Japanese stock exchange operator and financial services company, announced its yearly financials for the financial year 2022, ending on March 31, showcasing contraction in some of the key performance parameters.

The consolidated revenue for the 12 months jumped marginally by 1.6 percent. This figure came in at 135.4 billion yen compared to 133.3 billion yen. The exchange operator witnessed a massive decline in its growth as its revenue jumped by 7.8 percent in FY2021.

The operating income of the group for the period came in at 73.4 billion yen, which went down by 1.5 percent from the previous year’s 74.7 million yen. In addition, the net income declined by 2.3 percent to 50.8 billion yen.

In FY2021, JPX reported an 8.2 percent increase in its operating income and a 7.7 percent jump in the net income.

The Japanese group ended the year with 51.4 million yen, which was a 4.9 percent yearly decline. The basic earnings per share for the fiscal came in at 94.35 yen, compared to 96 yen in the previous year. Moreover, the return on equity dropped to 15.7 percent from FY2021’s 16.6 percent.

Rewarding Shareholders

JPX already paid a dividend of 26 yen at the end of the second quarter. Now, the company has decided to pay another 46 yen to its shareholders, making the total yearly dividend 72 yen, higher than the previous year’s 68 yen.

The decline in the key financial metrics is going to continue, at least according to the group’s estimations. In its forecast for FY2023, JPX is expecting to generate a revenue of 132 billion yen, which is 2.2 percent down, along with an operating income of 65.5 billion yen, which is a decline of 10.8 percent. Furthermore, the net income is expected to go down by 10.5 percent to 45.5 billion yen.

Japan Exchange Group (JPX), a major Japanese stock exchange operator and financial services company, announced its yearly financials for the financial year 2022, ending on March 31, showcasing contraction in some of the key performance parameters.

The consolidated revenue for the 12 months jumped marginally by 1.6 percent. This figure came in at 135.4 billion yen compared to 133.3 billion yen. The exchange operator witnessed a massive decline in its growth as its revenue jumped by 7.8 percent in FY2021.

The operating income of the group for the period came in at 73.4 billion yen, which went down by 1.5 percent from the previous year’s 74.7 million yen. In addition, the net income declined by 2.3 percent to 50.8 billion yen.

In FY2021, JPX reported an 8.2 percent increase in its operating income and a 7.7 percent jump in the net income.

The Japanese group ended the year with 51.4 million yen, which was a 4.9 percent yearly decline. The basic earnings per share for the fiscal came in at 94.35 yen, compared to 96 yen in the previous year. Moreover, the return on equity dropped to 15.7 percent from FY2021’s 16.6 percent.

Rewarding Shareholders

JPX already paid a dividend of 26 yen at the end of the second quarter. Now, the company has decided to pay another 46 yen to its shareholders, making the total yearly dividend 72 yen, higher than the previous year’s 68 yen.

The decline in the key financial metrics is going to continue, at least according to the group’s estimations. In its forecast for FY2023, JPX is expecting to generate a revenue of 132 billion yen, which is 2.2 percent down, along with an operating income of 65.5 billion yen, which is a decline of 10.8 percent. Furthermore, the net income is expected to go down by 10.5 percent to 45.5 billion yen.

About the Author: Arnab Shome
Arnab Shome
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About the Author: Arnab Shome
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
  • 6231 Articles
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