SBI Holdings, the largest division of the Japan-based financial services syndicate SBI Group, announced this Thursday the consolidated financial results for SBI SECURITIES, its online securities subsidiary, for the nine months ended December 31, 2018.
SBI SECURITIES 2019 fiscal year ends March 31, 2019. Therefore the first nine months of the year is from April 1, 2018, until December 31, 2018. According to the results released today, the unit achieved historical highs in operating revenue, net operating revenue, operating income and more.
Specifically, operating revenue for the nine months ended December 31, 2018, was ¥93.7 billion ($854.3 million). When measured against the same time period of the previous year, which achieved operating revenue of ¥84.3 billion this is up by 11.1 percent.
Net operating revenue also posted double-digit percentage growth, climbing by 14.4 percent from approximately ¥76.8 billion in the nine months ended December 31, 2017, to ¥87.8 billion in the current period.
Taking a look at operating income, the growth trend continues. During the first nine months of SBI SECURITIES’ 2019 fiscal year, operating income was ¥42.8 billion. This is an increase of 13.6 percent year-on-year.
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Also at ¥42.8 billion, ordinary income during the period jumped by 13.5 percent from the prior year corresponding period. Profit attributable to owners of the company was also up by 12.3 percent on a yearly basis.
For SBI SECURITIES, the total stock brokerage trading value from the nine months ended December 31, 2018, was ¥77 trillion.
SBI SECURITIES continues on solid footing
The results released today follow on from a solid first half of the unit’s 2019 fiscal year. As Finance Magnates reported, from the beginning of April until the end of September, the unit managed to achieve historical highs in many of its key areas.
Operating revenue for the first half came in at ¥60.4 billion. This is an increase of 14.2 per when compared to the six months ended September 30, 2017.
The consolidated financial results for the same period of SBI Holdings is scheduled to be released on January 31, 2019.