SBI Holdings, the largest division of Japan-based financial services syndicate SBI Group, announced today the consolidated financial results for SBI SECURITIES, its online securities subsidiary, for the six months ended September 30, 2018.
SBI SECURITIES’ fiscal year ends March 31, 2019. The first half of this year ranges from April 1, 2018, to September 30, 2018. During this six-month period, the unit managed to achieve historical highs in many of its key areas including operating revenue, operating income and more.
Operating revenue for the first half came in at ¥60.4 billion ($536.9 million). This is an increase of 14.2 per when compared to the six months ended September 30, 2017, which had operating revenue of ¥52.9 billion, which in turn, was up 24.6 percent year-on-year.
Net operating revenue, which also achieved historical results during the first half, was ¥56.7 billion. This represents a jump of 17.7 percent from the same period last year, which recorded a figure of ¥48.2 billion – up 22.1 percent year-on-year.
Continuing with the trend, operating income increased by 21.8 percent from the first half of 2017, coming in at ¥27.9 billion. This builds upon a solid first half of 2017, which had an operating income of ¥22.9 billion. This was a solid increase of 29 percent year-on-year.
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For the six months ended September 30, 2018, ordinary income was ¥27.9 billion, 21.4 percent more than the value experienced in 2017 which was close to ¥23 billion. Profit attributable to owners of the company was also up by 20.4 percent year-on-year, coming in at ¥19.2 billion.
From April 2018 to September of the same year, the total stock brokerage trading value for SBI SECURITIES was ¥50.3 trillion
First-half results build on a strong Q2 for SBI SECURITIES
The historically strong results build upon a solid second quarter, which Finance Magnates reported on back in July. Similar to the consolidated first-half results, Q2 was a positive quarter for SBI SECURITIES, as both profit and revenue showed considerable growth when compared to the same time period in 2017.
Specifically, During April, May, and June this year, the company saw an increase in operating revenue of 20.5 percent to ¥30.5 billion. This is in comparison to 2017, which saw an operating revenue of ¥24.5 billion.
In the statement released today, SBI Holdings also announced that it would release its consolidated financial results for the first half of its fiscal year at the end of this month on October 30, 2018.