SBI Holdings, the largest division of Japan-based financial services syndicate SBI Group, on Thursday announced the consolidated financial results for SBI SECURITIES, its online securities unit, for Q2 which ended June 30, 2018. The results show a positive quarter for the company, as both profit and revenue showed considerable growth when compared to the same time period in 2017.
During April, May, and June this year, the company saw an increase in operating revenue of 20.5 percent to $270 million (30.5 billion yen). This is in comparison to 2017, which saw an operating revenue of $224.5 million (25.4 billion yen).
Net revenue for the quarter jumped by 23.9 percent to $255.9 million (28.9 billion yen) year-on-year. This is almost double the growth in net revenue for the same period in 2017, which increased by 11.6 percent year-on-year.
Operating income saw a significant increase of 35.6 percent from the corresponding period in 2017. For the quarter, operating income was $127.7 million (14.4 billion yen), up from $94 million (10.6 billion yen) in 2017.
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Ordinary income also saw an impressive year-on-year gain of 34.9 percent, coming in at $127.4 million (14.4 billion yen). In 2017 during the same quarter, the company only saw a 3.8 percent year-on-year gain.
The company also reported its Profit Attributable to Owners of the Company. This also saw a sizable increase of 30.5 percent at $87.9 million (9.9 billion yen). The same quarter in 2017 saw an increase of 12.2 percent from 2016.
The report also showed that SBI Securities had a total stock brokerage trading volume of $229,512 (25.9 million yen) for the three months ending June 30, 2018.
SBI Holdings company plans to announce its consolidated financial results for the quarter on July 31, 2018.