Kabu Continues to Report Uptick in Revenues in March

Online securities broker Kabu has published its preliminary monthly performance figures for March in 2019, revealing an uptick from the previous month almost across the board.

Kabu, which is a subsidiary of the Mitsubishi UFJ Financial Group, managed to continue its general upward trend from January, which reported the firm’s worst monthly revenues in more than three years, as Finance Magnates reported.

In March, revenues generated from brokerage commissions was ¥571 million. When measuring this against the previous month, which reported brokerage commission revenues of ¥554 million, March’s figure is higher by 3.1 percent.

Although March’s figure is the highest achieved this year, it is still less than that reported in the final three months of 2018. From October until December of 2018, October had the highest revenues from brokerage commissions, at ¥739 million, whereas November had the lowest of ¥592.

For brokerage commissions, fees generated from options and futures contract trading contributed the most to the overall value. Specifically, this segment had a revenue of ¥67 million, which represents an increase of ¥12 million or 21.8 percent.

For March, net operating income also managed to see a robust month-on-month increase, climbing by ¥76 million or 5.99 percent to reach ¥1.345 billion - the strongest result since December of last year.

Market Making Revenues of Kabu Makes a Comeback

Market making, which is generally the firm’s largest source of revenue, continued to make a recovery in the third month of 2019. Specifically, revenue for this segment was ¥682 million, which is up from February’s figure of ¥649 million by ¥33 million or 5.1 percent.

In March of 2019, Kabu recorded trading gains of ¥92 million. This is up by 33.3 percent or ¥23 million against the previous month’s trading gains. It is also higher than the average reported over the past six months of ¥86.67 million.