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Monex Group’s consolidated operating revenue declines 8% y/y in October

Nov 24 2015
By
Forexbrokerz.com

Tokyo-based brokerage Monex Group said on Tuesday it generated a monthly consolidated operating revenue of more than JPY 4.2 billion in October, which represents a decline of nearly 8%, compared to the same month in 2014, when its consolidated operating revenue totaled JPY 4.6 billion.

 

The group’s consolidated financial expenses fell 36.6% on the year to JPY 301 million in October. Its revenue after expenses amounted to JPY 3.9 billion last month, down from JPY 4.1 billion a year earlier.

 

In Q1 of fiscal year (FY) 2016, ending 31 March, 2016, the Monex group had a total operating revenue, excluding expenses, of nearly JPY 13 billion, up from some JPY 9.5 billion a year earlier, while in Q2 it saw a 27% jump on the year in operating revenue to some JPY 13.5 billion.

 

Earlier this month Monex Group said its forex trading volume from global operations amounted to USD 28.2 billion in October, or down by 46.2% on the year and 27% on the month. Its consolidated average number of daily revenue trades also went down to 276,879 per business day last month.

 

Monex Group consists of Japan-based Monex Group Inc, Monex Inc, Trade Science Corp, Monex Ventures Inc, and Monex Hambrecht Inc, as well as Trade Station Group Inc and Monex International Ltd, which are in charge of the group’s businesses in North America and Asia, respectively.

 

TAGS: monex  monex group  revenue  japan  japanese forex broker 

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