MONEX sees profits return in Q3, as net income reaches JPY 2.1bn


Monex Group, Inc. (TYO:8698), the international group of Forex brokers, earlier today announced the financial metrics for the third quarter of its fiscal year.

The three months until the end of December 2014 saw a drastic turn in the group’s fortunes, as the corporate income swung back into black, following a gloomy second quarter marked by losses. Let’s see some numbers that have obviously cheered the group’s owners.

  • Net income for the quarter from October 1, 2014 to December 31, 2014, amounted to JPY 2.104 billion (USD 17.76 million), marking a sharp improvement from the loss of JPY 866 million registered in the preceding quarter.
  • Pre-tax profits added to the positive news, reaching JPY 3.188 billion in the third quarter of the fiscal year, following a loss of JPY 578 million seen in the second quarter of the fiscal year.
  • Total operating revenues kept growing, reaching JPY 14.057 billion in the quarter to the end of December 2014. This is a rise of 17% from the level seen in the preceding quarter.

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While the quarterly comparisons were good, the results for the first nine months of the fiscal year remained subdued, reflecting the weak performance of the group in the second quarter of the financial year.

Net income in the nine-month period until December 31, 2014, took a dive of massive 80% against the corresponding period a year earlier, landing at only JPY 1.8 billion. Total operating revenues were also lower, at JPY 36.9 billion – that is a drop of 13.8% from the year before.

For MONEX Group’s official announcement, click here.

The audited financial metrics are set to be released on January 29, 2015.

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MONEX sees profits return in Q3, as net income reaches JPY 2.1bn

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