GMO Click Sees Its October Revenues Retreat, Snapping Strong H1 Performance

GMO Click Holdings Inc (TYO:7177) has reported its financial metrics for the month ending October 2015, which incurred a collapse in its revenues MoM relative to September, according to a GMO statement.

The Japanese broker had seen ascending revenues in each month during Q2 2015, having secured a healthy advance in three consecutive months prior – this trend was snapped in October however, when GMO Click yielded a monthly revenue of just $17.93 million (¥2.2 billion).

This represents a loss of -20.1% MoM from $22.41 million (¥2.7 billion) in September 2015, which was itself the highest performance during the 2016 fiscal year. In order for GMO to reverse a consecutive quarterly decline in its revenues, the broker will need to have a standout performance in its business over the next two months to match the same figures in Q1 and Q2.

GMO Click recently made headlines after it released its financial results for H1 of the fiscal year ending March 31, 2016. Last month, GMO saw its preliminary operating revenues for the past six months ending September 30, 2015 come in at $130.32 million (¥15.52 billion), which corresponded to a rise of 48.5% YoY over $87.73 million (¥10.45 billion) in the same six month interval in 2014.