Monex Group, a leading forex brokerage in Japan, reported on Wednesday its consolidated operating revenue remained slightly below the JPY 4 billion threshold in February 2017, although posting an increase of 8.3% from the preceding month.
The February value, however, represents a slight decline of 3.3% from the same period in 2016.
Meanwhile, the broker’s financial expenses stood at JPY 309 million in February, dropping by 5.5% on the month and increasing by 7.3% year-on-year.
Monex Group’s fiscal year started on 1 April, 2016. Since then, the broker’s operating revenue has exceeded JPY 4 billion in just three months – June, November and December. In comparison, in the previous fiscal year the broker saw a single month (March) in which its operating revenue was below that amount.
For detail on Monex Group’s consolidated financial metrics in the past 11 months, refer to the following table:
Monex Group 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.