The Japan Exchange Group (JPX) revealed its consolidated financial results for the nine months ending December 31, 2018, this Tuesday. The Group, which operates multiple securities exchanges including the Tokyo Stock Exchange and the Osaka Securities Exchange, reported increases across all of its key metrics.
Despite the fact that the exchange did record year-on-year increases across the board, the growth on an annual basis was considerably less than what it achieved in the same period in 2017.
Operating revenue climbs by 4.7% on JPX
Starting first with operating revenue, JPX achieved a figure of ¥92.0 billion ($842.1 million) for the nine months ended December 31, 2018. When measured against the same time period in 2017, this is an increase of 4.7 percent. Operating revenue for the same period in 2017 managed a year-on-year increase of 8.9 percent.
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Operating income for JPX was ¥54.3 billion for the nine-month period ended December 2018. Again, this is up by 2.3 percent when compared to the same time period in 2017, which in turn, achieved an 18 percent increase year-on-year increase.
Income before tax climbed by 2.3 percent from ¥54.0 billion in the nine months ended December 2017 to ¥55.3 billion for the nine months ended December 31, 2018.
For the nine months ended December 31, 2018, net income for JPX came in at ¥38.8 billion. This represents an increase of 3.8 percent year-on-year. While this is still a positive result for the exchange, the growth pales in comparison to the 16.5 percent year-on-year jump achieved in the nine months ended December 31, 2017.
Basic earnings per share for the period ended December 31, 2018, was ¥71.74. This too is up when measured against the prior year corresponding period, which had basic earnings per share of ¥69.36.