Kabu Sees Solid Revenues in December, Reverses November Slump

Kabua Japanese retail broker, has disclosed its preliminary monthly performance figures for December 2018 this Thursday. The firm, which is a subsidiary of Mitsubishi UFJ (MUFJ), recorded an overall positive month, with the results mostly showing an uptick from November.

The month of November was a rather disappointing one for Kabu, as nearly all sectors experienced a decline, including net revenue, trading revenue, brokerage commissions and more. December’s volumes represent a welcomed turnaround for the firm.

In November of 2018, the Japanese retail broker reported that it had made revenue of ¥592 million from broker commission fees. Last month, this number increased to ¥599 million, representing an increase of ¥7 million or 1.2 percent month-on-month.

This increase was largely thanks to an uptick in revenue from futures and options trading during the month. Specifically, revenue generated from trading futures and options in December was ¥88 million. This is up by ¥13 million, or around 15 percent, when measured against the previous month.

However, this uptick in futures and options revenue was almost completely offset by a decline in equity credit. During December, equity credit was ¥209 million, which is ¥12 million or five percent less than that achieved in November.

Net operating revenue on Kabu climbs to ¥1.667 billion

Overall, net operating revenue recorded a significant monthly jump in December, climbing by nine percent or ¥154 million to reach ¥1.667 billion. This uptick partially reverses November’s decline, as net revenue during the month actually dropped by 14.37 percent or ¥254 million month-on-month.

Kabu also achieved healthy growth in revenues for acceptance fees. In December, revenues generated from acceptance fees was ¥837 million. When measured against November, which reported revenue of ¥717 million for acceptance fees, this is an increase of ¥120 million or about 14 percent.

Non-traditional revenue, which is the sum of revenues other than traditional revenue (API revenue, stock brokerage commissions excluding financial product brokerage and credit financial balance), also achieved a solid increase.

During the month of December, non-traditional revenue increased by 24.8 percent or ¥195 million to reach ¥787 million. November of 2018, again recorded a month-on-month drop for this segment of 20 percent.

(Photo: Kabu)

bitcoin
Bitcoin (BTC) $ 47,566.00 4.10%
ethereum
Ethereum (ETH) $ 1,482.28 5.56%
tether
Tether (USDT) $ 1.01 1.21%
cardano
Cardano (ADA) $ 1.14 1.52%
binance-coin
Binance Coin (BNB) $ 225.64 4.81%
polkadot
Polkadot (DOT) $ 33.08 8.35%
xrp
XRP (XRP) $ 0.458987 0.87%
litecoin
Litecoin (LTC) $ 176.27 5.08%
chainlink
Chainlink (LINK) $ 26.89 7.69%
bitcoin-cash
Bitcoin Cash (BCH) $ 491.45 4.82%
S&P 500  ^GSPC 
$3,768.47  $51.25  (-1.34%)
Dow Jones Industrial Average  ^DJI 
$30,924.14  $345.96  (-1.11%)
NASDAQ Composite  ^IXIC 
$12,723.47  $274.33  (-2.11%)
Russell 2000  ^RUT 
$2,146.92  $60.87  (-2.76%)
Crude Oil Apr 21  F*CL.NYM 
$65.73  $1.90  (2.98%)
   
$0.0000  $0.0000  (0.00%)