Monex Group, Inc. has reported its monthly consolidated financial results for the month of October 2016, as per a statement today.
October Operating Revenue
For October 2016, Monex recorded monthly revenues of $30.6 million (¥3,401 million). This represents a figure equal to last month’s (September) figures of $30.6 million (¥3,402 million) and down -19.1 percent YoY compared with $37.89 million (¥4,203 million) last year.
Financial expenses registered a decrease during the month ending October 2016, coming in at $2.97 million (¥330 million). This reflected a fall of 4.3 percent from $3.1 million (¥345 million) in September 2016.
September Trading Volumes
Earlier this month, Monex reported its its September 2016 business metrics which revealed an increase in the month’s financial metrics compared with the previous month of August’s figures.
September revealed that DARTS were on the way back up and were recorded as 251,188 - an increase of 8.7 percent MoM compared with August’s 231,108. However, as with today’s annual revenue comparison which showed a decline, September’s metrics also showed an annual decrease of just under 20 percent compared with September 2015’s figures of 313,592.
Quarterly Results
Monex also recently published its preliminary quarterly consolidated financial results for the first half of the fiscal year ending 31 March 2017 (1 April – 30 September , 2016), revealing a notable decline in both revenues and profits amid declining volumes.
For H1 2016, Monex’s results showed a total operating revenue of $211.6 million (¥22.1 billion), compared with $276.7 million (¥28.9 billion) or a decline of -23.9 percent compared with the same period last year.
Monex’s H1 2016 profits also took a massive hit at $957,689,000 (¥100 billion), compared with last year’s $50.6 million (¥5.3 billion) or a decrease of -98.1 percent in what has proved to be a turbulent year throughout the industry.
