Published On: Fri, Apr 28th, 2017

Monex Group releases financial results for fiscal year March 2017


Japanese online trading company Monex Group Inc. (TYO:8698) just announced its financial results for fiscal year ended March 31, 2017. The highlights are:

Japan segment

Segment profit of JPY 1,768M, which is 70% decrease YoY in FYE Mar. 2017, due to decrease in stock and FX trading volume and increase in costs for parallel operation of backbone system.

US segment

  • Continued fixed-type cost control initiatives since 2Q
  • Implemented new commission structure to attract new customer base in 4Q. The number of newly-opened funded accounts in 4Q reached the record highest
  • Recognized two consecutive quarters of segment profitability, contributing to the group’s enterprise value

Segment profit maintained black for two consecutive quarters driven by controlling the fixed-type costs since 2Q, however, segment loss of JPY 457M was recognized due to the loss recognized up to 2Q.

Asia-Pacific segment

4Q turned black with increased trading volume. For overall FYE Mar. 2017, recorded segment loss of JPY 97M due to decrease in trading volume.

Profit decreased by the costs to migrate Japan’s backbone system

Japan segment

Segment profit of JPY 255M in 4Q (3 months), which is a decrease by 64% QoQ, due to the parallel operation and temporary costs regarding migration of the backbone system

US segment

Segment profit of JPY 69M in 4Q (3 months) driven by increased equities and options trading volume, and continued improvement of net financial income

Asia-Pacific segment

Brokerage commission increased by 27% QoQ at Monex Boom Securities (in HKD) and turned black in operating income. Segment loss of JPY 39M in 4Q (3 months) was recognized due to equity in losses of an equity method investment in a joint venture in mainland China

For the complete report, click here.


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