Rakuten Securities’ consolidated operating revenue, income grow in FY 2016

Rakuten Securities’ consolidated operating revenue, income grow in FY 2016


The largest US forex broker

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Forex broker Rakuten Securities, part of Japanese internet conglomerate Rakuten Inc., said on Tuesday its consolidated operating revenue exceeded JPY 55 billion in the fiscal year (FY), ended 31 March, 2016. The figure represents a growth of 20.4% from the previous fiscal year.

The broker’s consolidated net income amounted to JPY 15.3 billion in the twelve months to 31 March, while its operating invome was JPY 24.6 billion, or up by an annual 18.6% and 20.6%, respectively.

Rakuten Securities had total consolidated assets in the amount of JPY 872.8 billion at the end of the March, compared to JPY 774.7 billion a year earlier. Meanwhile, its liabilities also increased to JPY 792.4 billion JPY 792.4 billion from JPY 721.7 billion a year earlier, which represents an annual growth of 9.8%.

Rakuten Securities FY 2016

In February, Rakuten Inc. said its brokerage subsidiary had a revenue of nearly JPY 50.4 billion in the calendar 2015 year, representing an increase of 16% compared to the previous year. More than half of the amount was generated from Japanese equities.

In comparison, Monex Group, another Japanese forex brokerage, reported earlier on Tuesday its consolidated operating revenue went up 6.3% to JPY 54.2 billion in the fiscal year 2016, ended 31 March, 2016. Meanwhile, GMO Click, also a Japanese 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.

FXCM Asia, aka FXCM Hong Kong, which Rakuten Securities acquired in 2015 from US peer Forex Capital Markets, or FXCM, got officially rebranded Rakuten Securities Hong Kong Ltd., or Rakuten Securities HK for short, earlier this week. It also acquired last year FXCM Japan, which still operates under the FXCM brand using the US broker’s trading system.

FXCM Asia, now Rakuten Securities HK, provides a full set of online broking services on the forex market. It supports the trading platforms Trading Station and Mirror Trader. It is registered with and licensed by the Hong Kong financial authority, the Securities and Futures Commission (SFC).

Tokyo-based Rakuten Securities is a multi-asset broker, which product portfolio includes diverse trading instruments, including more than 40 currency pairs, options, futures, commodities, stocks and bonds.

Rakuten Securities acquired in 2015 from US forex broker Forex Capital Markets, or FXCM, its two units FXCM Japan and FXCM Hong Kong. Two two companies continue to operate under the FXCM brand and to use the FXCM trading system.

Rakuten Inc. is a holding company and its subsidiaries are active in a number of intenet-based businesses, including finance, retail e-commerce, travel, e-money, and internet banking. It is listed on the Japanese stock exchange.

Source: Rakuten Securities

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