Monex Group’s consolidated operating revenue slightly up, net profit flat in FY 2016

Monex Group’s consolidated operating revenue slightly up, net profit flat in FY 2016


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Monex Group, a leading Japanese forex brokerage group, reported on Tuesday its preliminary consolidated operating revenue went up 6.3% to JPY 54.2 billion in the fiscal year 2016, ended 31 March, 2016, from nearly JPY 51 billion a year earlier.

In the second half of the fiscal year, Monex Group’s operating revenue dropped 12.9% to JPY 25.2 billion from close to JPY 29 billion in the first half. Meanwhile, in the last three months, the broker posted the lowest quarterly value for the year of JPY 12.3 billion.

The group’s net profit stayed flat over the year to JPY 3.5 billion in the twelve months to 31 March. Its pre-tax income, however, fell 16.6% over the year to JPY 5.1 billion in the period under review. A year ago, the broker’s pre-tax income exceeded JPY 6.1 billion.Monex Group FY 2016In comparison, GMO Click, another forex brokerage group, saw its operating revenue rising JPY 29.02 billion in the fiscal year, ended 31 March, when its profit was close to JPY 6.5 billion. Meanwhile, Money Partners Group, also a Japan-based forex broker, reported a consolidated operating revenue of about JPY 1.7 billion in the first three months of 2016.

Monex Group, although one of the most-popular Japanese forex brokers, is in the lower-end in terms of monthly trading volume, compared to the rest of the world leaders. In March, the brokerage’s retail forex trading volume amounted to $28.3 billion, which is just a tine fraction of the levels of the top performer, peer GMO Click Securitiies, which posted values of JPY 108.85 trillion, or about $982 million.

Monex Group operates under three retail trading brands – Monex, TradeStateion and Boom. The majority, or about 60%, of its revenue comes from operations in Japan and the remaining 40% from operations in the US.

It consists of Japan-based holding company Monex Group Inc. and its Japanese subsidiaries Monex Inc., Monex Ventures, Trade Science Corp., Monex Hambrecht, and Monex-Saison-Vnaguard Investment Partners, which is a joint venture in which the group holds a majority stake. In addition, the group owns TradeStation Group, which is in charge of the operations in North America and Europe, and Monex International, aka Monex Boom Group, which is in charge of the Asian business.

Source: Monex Group

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