GMO Click Reports YoY Decline in Preliminary Operating Revenues for Q3

Japanese Brokerage GMO Click Holdings today released its preliminary consolidated financial results for the third quarter of the fiscal year ending March 31, 2017 (April 1, 2016 to December 31, 2016) ahead of an official announcement of the company's financial results scheduled for 26 January, 2017.

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For the 9 months ended 31 December, 2016, GMO Click has disclosed operating revenues of $179.6 million (¥20.6 billion), a decline of -7.5 percent compared with $194.2 million (¥22.3 billion) YoY for the same period in 2015.

Operating income came in at $67.2 million (¥7.7 billion), registering a further decline of -8.3 percent compared with $73.3 million (¥8.4 billion) YoY for the equivalent period in 2015.

While the actual financial results may differ from the preliminary figures once they are published, the lacklustre figures compound GMO Click’s recently published December trading volumes which came in at ¥109.8 trillion, down -17.2 percent from ¥132.6 trillion in November.

The decline was also reflected in the month’s lower operating revenues which tumbled to $17.7 million (¥1.96 billion) compared with the previous month’s $24.71 million (¥2.85 billion), or a decrease of -31.2 percent MoM.