MONEX Group Releases Preliminary Consolidated Half-Yearly Financial Results

Japanese FX and Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term firm MONEX Group has today announced its preliminary quarterly consolidated financial results for the first half of the fiscal year ending March 31, 2014.

Siginificant Increase From H1 2012

In keeping with the industry as a whole, MONEX experienced a considerable increase in total operating revenue during the first half of this year, by comparison to the same period one year previous. The company's total operating revenue for the first half of 2013 was 29,200 million Yen, compared with 14,989 million for the first half of 2012.

In a similar vein, pre-tax income increased from 1,328 million Yen to 11,000 million Yen, with net income for the period standing at 6.700 million, a substantial increase from the 1,264 million Yen achieved in the same period during the previous year.

Tailing Off During Second Quarter

MONEX Group's exceptional start to the fiscal year began to slow down during the second half, with total operating revenue for the first quarter having been 16,866 million Yen compared to 12,334 million Yen for the second quarter of this year.

The company also experienced a downturn in pre-tax income, from 8,407 million Yen to 2.593 million Yen, completing the second quarter with a net income of 5,146 million Yen.

Lastly, the company reported that as of September 30 this year, it had 514,656 million Yen in total assets, and that the full consolidated financial results are expected to be released by Monex Group on October 30.