The Monex Group (Tokyo Stock Exchange : 8698) has just released its preliminary figures of consolidated financial results for the first quarter of the Japanese fiscal year ending March 31, 2016 (from April 1, 2015 to June 30, 2015).
Total operating revenue for the quarter is expected to have reached ¥14.1 billion for the Monex Group, 30.3% higher than the same period the previous year (from April 1, 2014 to June 30, 2014).
On a quarter by quarter comparison the results are far more tame, as revenue increased by less than a percent. For the period ending March 31, 2015, the total operating revenue was ¥13.998 billion for the Monex Group, meaning the figure has only increased by 0.73%.
Furthermore, the Monex Group's profits before income taxes actually fell in the latest quarter despite a massive jump YoY. Profit before income taxes reached ¥2.5 billion for the period from April 1, 2015 to June 30, 2015. In the previous quarter profit before income taxes reached ¥2.612 billion for the Monex Group.
The group also reported today the quarterly financial results of its American subsidiary company, Monex Inc., also showing impressive growth on a year-to-year comparison. Operating revenue for Monex Inc reached ¥9.774 billion from April 1, 2015 to June 30, 2015, a growth of 35.2% YoY and net operating revenue increased by 39%. Even more impressive for Monex Inc., operating income jumped 91.2% and profit by 104.9%, compared to the same period the previous year.
