Monex Group's Revenues Undergo Monthly Growth in August

Japanese brokerage Monex Group has announced its consolidated financial results for the month ending August 2017. The numbers represent a slight increase in revenue when compared to the previous month and also a sizable jump relative to the same month last year.

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Monex Group's operating revenue in August 2017 came in at $365.45 million (¥4.02 billion), which constitutes an increase of 1.5 percent over a month-over-month basis. Its latest reading was an increase of 20.2 percent year-on-year.

Financial expenses fell to $2.99 million (¥329.0 million), or a 30.1 percent decline, MoM. YoY the latest figures displayed growth of 5.8 percent, vs $2.82 million (¥311.0 million) in August 2016.

This combination of higher operating revenue and lower expenses meant that Monex Group's revenue after expenses was stronger in August 2017, climbing to $335.4 million (¥3.69 billion). This figure rose 4.4 percent on a monthly basis from July 2017, with more pronounced growth of 17.8 percent year-on-year.

The group also managed to improve revenue figures despite the fact that August was a holiday period in Japan. It should be noted that this is the second highest monthly operating revenue for the group this year after the month of June 2017.

Monex Group's aforementioned figures are as yet unaudited.