Japan’s SBI Securities reports record high financial results for 2016

Japan’s SBI Securities reports record high financial results for 2016

- in All News, Forex Brokers
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SBI Securities, a subsidiary of Japan’s SBI Holdings (TYO:8473), reported record high consolidated financial results for the financial year that ended on March 31, 2016.

For the period April 1, 2015 – March 31, 2016 the company had an operating revenue of JPY 89.8 billion, a net operating revenue of nearly JPY 83 billion and profit, attributable to owners of SBI Holdings amounting to JPY 28 billion.

Since in the previous fiscal year SBI Securities reported non-consolidated financial results, the percentage comparisons between the year ending in March 2015 and the one that just ended, are presented in a separate entry.

In non-consolidated terms, the operation revenue in the year ending in March 2016 were JPY 85 billion, which is 9.7% higher on a yearly basis. The net operating revenue increased 9.5% to JPY 79 billion, the operating income also rose by the same percentage and reached JPY 38 billion, while the net income increased by 33.4% to JPY 27 billion.

Earlier this month, the Financial Futures Association of Japan (FFAJ) reported an overall 26% drop in the forex brokers’ trading volumes from retail over-the-counter (OTC) operations in March 2016.

SBI Securities operates as an online securities company offering investor information, real-time trading tools and investment products, including forex trading to individual investors. It is one of Japan’s leading online securities companies in terms of customer deposit and value of trades, along with Kabu.com Securities, Matsui Securities, Monex Securities, and Rakuten Securities.

SBI Securities is a subsidiary of SBI Holdings, which also has a separate company SBI Fxtrade, which offers exclusively forex trading to individual investors.

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