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Screenshot of a breaking news alert e-mail from Q2 2017
Online trading services provider Monex Group, Inc. (TYO:8698) has earlier today posted its preliminary revenue metrics for February 2016, with revenues last month failing to match levels registered in January 2016 and February 2015.
The broker reported monthly operating revenues of JPY 4.1 billion ($36.8 million), a result which is down 6.4% from the reading of JPY 4.38 billion registered in January 2016. In annual terms, the comparison was similar, as the February 2016 operating revenues were 5.5% lower than in February 2015.
The company managed to reduce financial expenses from JPY 361 million in January to JPY 288 million in February. Revenues minus expenses, however, fell from JPY 4.02 billion in January 2016 to JPY 3.81 billion in February 2016.
The company also provided an update on its FY 2016 dividend policy. Monex’s shareholder return policy is to pay out dividends based on a 50% dividend ratio of the consolidated net income attributable to owners of the company for the current fiscal year or annual 2% DOE (dividend on equity), whichever is higher. The broker has decided on its forecast of year-end dividends based on 2% of DOE, considering the level of the consolidated net income attributable to owners of the company for the second half of this fiscal year.
For the full financial report from Monex, click here.
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