Rakuten Securities Reports 15% YoY Rise in Profits in Q3 2021

Rakuten Securities, a Japanese FX, CFD and stock broker, has posted its financials for the third quarter of 2021, revealing an increase in both revenue and profits on a YoY basis.

More specifically, the Japanese broker reported a revenue of 21.9 billion yen, up 19% compared to the equivalent period in 2020. Net operating revenue came in at 20.75 billion yen, compared to 17.74 billion yen for the year-ago quarter. Operating income for the third quarter stood at 3.34 billion yen. This represents a decline compared with prior year’s 3.95 billion yen.

In addition, ordinary income decreased from Q3 2020's 4 billion yen to 3.46 billion yen. Profits totalled 2.3 billion yen, showing a jump of 15 percent year-over-year.

In terms of financial results for the first nine months of 2021, from January till September, Rakuten Securities generated total operating revenue of more than 66 billion yen, 27% higher than that of Q3 2020. Moreover, it closed the period with a net income of 7.5 billion yen, up 10.3% than the previous year.

Rakuten Securities continues to expand its offering of trading instruments. The broker is adding 200 stocks​ listed on US and Hong Kong exchanges to its offering, effective from October 20, 2021.