Monex Group, Inc. (TYO:8698), the international group of retail Forex brokers, earlier today posted its final financial results for the fiscal year to the end of March 2015, with the data pointing to a rather healthy March in terms of revenues.
Group operating revenues for March 2015, a month that was characterized by a rise in volatility on FX markets, amounted to robust JPY 5.13 billion (USD 43.01 million). The result was the best monthly monthly achievement of the group since December 2013. It marks an increase of 33.25% over the operating revenues recorded in February 2015, as well as an ever more pronounced increase of 41% from the result recorded in March 2014.
Whereas revenues staged a marked rise, the company kept experiencing difficulties in restricting financial expenses, which rose to JPY 561 million in March, up from February’s JPY 495 million. This prevented the Forex broker from registering some outstanding results in terms of net revenues in March too.
Overall, the final results for the fiscal year to March 31, 2015 confirmed the preliminary figures, released on April 24th, with revenues for the full year down by 12% at JPY 50.98 billion.
The group also made a couple of announcement concerning its management and its dividend policy.
Starting from the fiscal year to the end of March 2016, a new shareholder return policy is in place. The company is setting a target of total return ratio and is raising a lower limit of dividend amount. The target is 75% total return ratio on a multi-year basis. Shareholder return policy of the Company is to pay out dividends based on a 50% dividend ratio of the consolidated net income attributable to owners of the Company for the current fiscal year or annual 2% DOE (dividend on equity), whichever is higher. Interim dividend is to be paid out based on net income of the first half, and year-end dividend is to be paid out based on net income of the second half.
To view detailed revenues data for Monex Group’s FY financial performance, click here.
To view the full financial metrics for the FY, click here.