Monex Group Posts 238% YoY Gain in Q2 Profit

Monex Group, which operates several Japanese brokerages and a cryptocurrency exchange, published its financials for the second quarter of the ongoing financial year, the three months between July 2021 and September 2021. 

According to the official numbers, the consolidated group revenue came in at 24.8 billion yen, which was more than 64 percent higher than the previous year’s similar quarter with 15.1 billion yen. On a quarterly basis, the revenue for the quarter pulled back by 9.1 percent.

The pre-tax profit of the group surged by 238 percent to 7.2 billion yen from the previous year’s 2.2 billion yen. On a quarterly basis, however, the figure pulled back by 36 percent. The group ended the quarter with a net profit of 4.7 billion yen.

Monex categorizes its business usually in five segments: Japan, US, crypto assets, Asia-Pacific and Investment. Blockchain and cryto asset-related businesses contribute to the group revenue as a growth driver.

The crypto segment generated a profit of 4.8 billion yen in the quarter, while the other Japanese businesses brought in 3.7 billion yen in profits. The American brokerage, however, remained in losses.

Last month, Monex announced that it plans to apply for listing on the segment of Prime Market​ on Tokyo Stock Exchange (TSE).