Rakuten Securities’ net operating revenue falls 12.4% in Q1-Q3 FY 2017

Rakuten Securities’ net operating revenue falls 12.4% in Q1-Q3 FY 2017


The largest US forex broker

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Japanese conglomerate Rakuten Inc. reported on Tuesday its forex brokerage unit Rakuten Securities generated a consolidated net operating revenue of JPY 33.1 billion for the nine months, ended 31 December, 2016. The figure represents a decline of 12.4% from the same period a year earlier.

For the April-December 2016 period, revenue from commissions stood at nearly JPY 15.5 billion, or down by 19.3%, and net trading income was slightly down by 0.6% to some JPY  7.5 billion.

The broker’e net income also posted a downward movement of an annual 6.4% to JPY 9.7 billion in the nine months under review.

Its assets, however, increased to JPY 951.6 billion at the end of the reporting period, compared to JPY 872.8 billion at the end of March 2016.

GMO Click, another major Japanese forex brokerage, reported earlier this month a revenue of JPY 20.6 billion in the nine months, ended 31 December, 2017. Meanwhile, Invast Securities and Money Partners Group, also Japanese brokers, posted financial data for the calendar 2016.

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. It is part of Japanese conglomerate Rakuten Inc. The holding company’s subsidiaries are active in a number of intenet-based businesses, including finance, retail e-commerce, travel, e-money, and internet banking.

Rakuten Securities acquired in 2015 from US forex broker Forex Capital Markets, or FXCM, its two units FXCM Japan and FXCM Asia, aka FXCM Hong Kong, which is now branded Rakuten Securities Hong Kong Ltd., or Rakuten Securities HK.

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