Monex releases 3Q results, total profit plummets 55% YoY

Monex Group Inc. (TYO:8698) just reported its quarterly financial results of its wholly-owned subsidiary, Monex, Inc., for the 3Q of the fiscal year ending March 31, 2017 prepared in accordance with the generally accepted accounting principles in Japan. And it doesn’t look so good at all.

Operating revenue for the 3Q 2016 was ¥22,070 million, exactly 19.3% lower compared to the impressive number ¥27,354 million for the same period in 2015.

Net operating revenue also dropped 21% to 19,520 YoY. Not as tragic as the result in operating income though – 90.7% YoY plunge for the 3Q 2016 along with 90.4% YoY drop in ordinary income.

The total profit for the 3Q period was minus 55.1% YoY.

For the complete 3Q report, click here.

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