Rakuten Securities Posts Solid Performance for the Last Quarter

Rakuten Securities, one of the largest foreign exchange brokers in Japan, recently ‎released its financial results for the last quarter, ending March 31 2021, revealing a rapid growth in net income. ‎

More specifically, the company registered a net income of 3.57 billion yen in the last quarter, compared to 2.68 billion yen in the previous year. Net operating revenue reached 22.5 billion yen, compared to 16.7 billion a year ago. The broker saw an operating income of 5.6 billion yen, compared to 3.8 billion in the prior year. 

In addition, Rakuten Securities also published its financial information for the 12 months ending on 31 March 2021. The broker recorded a net operating revenue of approximately 75 billion yen, and a net income of 9.5 billion yen.

Let's recall that, Rakuten Securities announced this week that it will add commodity CFDs to its CFD offerings, effective May 17, 2021.  This month earlier, the Japanese broker has confirmed that it will offer Coinbase shares trading​ to its clients once Coinbase stock gets listed.