GMO Click group operating revenue drops 7.5% in Q1-Q3 FY 2017

GMO Click group operating revenue drops 7.5% in Q1-Q3 FY 2017

- in All News, Featured News, Forex Brokers
GMO Click group companies

Japanese forex brokerage group GMO Click Holdings reported on Tuesday a preliminary consolidated operating revenue of JPY 20.6 billion in the first nine months of current fiscal year, started 1 April, 2016. The figure represents a decline of 7.5% from the same period a year earlier.

In the October-December period, or Q3 of FY 2017, the broker’s consolidated operating revenue amounted to JPY 6.7 billion, which is a slight increase of 0.1% from a year earlier and 12.2% higher than the preceding quarter.

In December alone, GMO Click Holdings generated an operating revenue of nearly JPY 2 billion. This represents a significant double-digit drop both on a monthly and annual basis of 31.2% and 22.3%, respectively.

Following is the broker’s monthly operating revenue since the beginning of FY 2017:

GMO Click Q1-Q3 FY 2017

In comparison, Invast Securities, another Japanese forex broker, reported last week its December operating revenue amounted to JPY 272 million in December, posting a decline of 17.8% from a month earlier and 3.2% over the year.

Earlier in January, GMO Click published data on the December trading metrics of two of its main subsidiaries – GMO Click Securities and FX Prime, which indicated both brokers saw a decline in  volume from the preceding month (which was a strong one for the brokers). If compared on an annual basis, however, the two saw vert strong metrics.

The GMO Click group consists of the holding company GMO Click Holdings, and its subsidiaries GMO Click Securities and FX Prime by GMO Corp., both based in Japan, Hong Kong-based GMO-Z.com Forex HK and GMO-Z.com Bullion HK, and London-based GMO-Z.com Trade UK. Recently, the brokerage announced it is in the process of setting up a subsidiary in Thailand, called GMO-Z com Trade (Thailand) Ltd.

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