Rakuten Securities Inc, the current owner of FXCM Japan and FXCM Asia, once owned by FXCM Inc, today announced some financial metrics for the fiscal year to March 31, 2016.
Rakuten Securities, a part of Rakuten Inc (TYO:4755), posted operating revenues of JPY 55 billion for the 12 months to March 31, 2016, whereas the net operating revenues amounted to JPY 52.6 billion.
The operating income for the period was JPY 24.6 billion, where as the net income was JPY 15.3 billion.
FXCM Japan Securities Co. Ltd. has been a consolidated subsidiary of Rakuten Securities, Inc. since April 1, 2015. As of August 1, 2015, Rakuten Securities, Inc. became the surviving company under an absorption-type merger, and therefore FXCM Japan Securities Co. Ltd. has been excluded from consolidation. However, the operating results from April 1 to July 31, 2015 have been consolidated in the statement of income.
In addition, the acquisition of FXCM Asia Limited has been completed on September 11, 2015 and its financial statements have been consolidated since the second quarter ended September 30, 2015. FXCM Asia is now officially operating under a new brand – Rakuten Securities Hong Kong Limited.
For the full report from Rakuten, click here.