JPX Reports 2.3% Drop in FY22 Net Income, Keeps Forecast Bearish

Japan Exchange Group (JPX), a major Japanese stock exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term operator and financial services company, announced its yearly financials for the financial year 2022, ending on March 31, showcasing contraction in some of the key performance parameters.

The consolidated revenue for the 12 months jumped marginally by 1.6 percent. This figure came in at 135.4 billion yen compared to 133.3 billion yen. The exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term operator witnessed a massive decline in its growth as its revenue jumped by 7.8 percent in FY2021.

The operating income of the group for the period came in at 73.4 billion yen, which went down by 1.5 percent from the previous year’s 74.7 million yen. In addition, the net income declined by 2.3 percent to 50.8 billion yen.

In FY2021, JPX reported an 8.2 percent increase in its operating income and a 7.7 percent jump in the net income.

The Japanese group ended the year with 51.4 million yen, which was a 4.9 percent yearly decline. The basic earnings per share for the fiscal came in at 94.35 yen, compared to 96 yen in the previous year. Moreover, the return on equity dropped to 15.7 percent from FY2021’s 16.6 percent.

Rewarding Shareholders

JPX already paid a dividend of 26 yen at the end of the second quarter. Now, the company has decided to pay another 46 yen to its shareholders, making the total yearly dividend 72 yen, higher than the previous year’s 68 yen.

The decline in the key financial metrics is going to continue, at least according to the group’s estimations. In its forecast for FY2023, JPX is expecting to generate a revenue of 132 billion yen, which is 2.2 percent down, along with an operating income of 65.5 billion yen, which is a decline of 10.8 percent. Furthermore, the net income is expected to go down by 10.5 percent to 45.5 billion yen.