JPX Starts 2020 Fiscal Year with Sluggish Q1 Results

Total revenue for the first quarter fell year-on-year.

The Japan Exchange Group (JPX) has published its financial results for the three months ended June 30, 2019, this Tuesday, which is the first quarter of the firm’s 2020 fiscal year. Overall, the results show a sluggish start for the Group.

Total revenue for the first quarter, which spans from April 1, 2019, until June 30, 2019, was ¥29.10 billion ($267.9 million). When measuring this against the same quarter of the prior year, which had a total revenue of ¥29.59 billion, it is lower by 5.1 percent.

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Contributing the most to total revenue is operating revenue, which also noted a year-on-year drop. Specifically, operating revenue for the three months ended June 30, 2019, was ¥29.07 billion, which has fallen by 1.7 percent from the first quarter of the 2019 fiscal year.

Breaking down operating revenue, trading services revenue contributed ¥11.06 billion to the total. When weighing this year-on-year, Q1 of 2020’s figure has fallen by 7.4 percent. Clearing services revenue, however, noted an increase in revenue by 1.4 percent.

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Trading services revenue is made up of a number of fees when trading. According to the report, revenues for this segment were largely dragged down due to a drop in transaction fees, as a result of lower cash equities trading volume.

Total expenses during the first quarter of the exchange’s 2020 fiscal year reported an uptick of 5.7 percent, climbing from ¥12.92 billion in Q1 of 2019 to ¥13.66 billion in the most recent quarter.

JPX reports weak performance in the 2019 fiscal year

The first-quarter results for 2020, follows on from JPX reporting an overall disappointing performance in its 2019 fiscal year, ending March 31, 2019. Although operating revenue increased year-on-year, other key financial indicators didn’t perform so well for the Group.

During the financial year, which spanned from April 1, 2018, until March 31, 2019, operating revenue was ¥121.1 billion. When measuring this against the previous year, which reported operating revenue of ¥120.7 billion, this is slightly higher by 0.4 percent.

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