Monex declares year-end dividend of 2.70 yen per share

Maria Nikolova

The brokerage declared dividend per share of 2.70 yen, resulting in total dividends of 717 million yen.

Online trading services provider Monex Group, Inc. (TYO:8698) has earlier today published a notice of its year-end dividend for the fiscal year ending March 31, 2019.

The brokerage declared dividend per share of 2.70 yen, resulting in total dividends of 717 million yen. This is markedly down from 6.30 yen per share (or a total of 1,695 million yen) distributed a year earlier.

The Company has calculated the year-end dividends for its full year to March 31, 2019 in consideration of share buyback and interim dividend during this fiscal year, with a target of a 75% total return ratio as a percentage of net income attributable to owners of the company on a multi-year basis. The lower limit of the dividend is an annual 2% DOE (dividend on equity). As a result, the total return ratio of this fiscal year is 291%.

Total return ratio = (total dividends paid + total amount of share buyback) /net income attributable to owners of the Company

In April this year, Monex published its financial results for FY19. In Japan, low trading volumes in equity market caused a decrease in revenue. The profit of the Japanese segment was ¥ 1.2 billion.

The brokerage also noted that ¥1.8 billion of impairment loss on fixed assets related to Japanese Equities trading tool “TradeStation” was recorded, which resulted in ¥ 1.7 billion of net loss due to reevaluation of book value based on the actual performance, while the service continues to be provided. The impairment and the revision of future amortization for other fixed assets will result in a decrease in depreciation and amortization cost in FYE Mar. 2020 by ¥ 1.6 billion per year.

In the United States, the net financial income increased due to a hike in interest rate and brokerage commissions increase driven by higher trading volume. Segment profit was ¥ 2 billion, at record high.

The Asia Pacific business saw revenue drop due to a decline in trading volume in Hong Kong market. The segment incurred a loss of ¥ 50 million.

Monex’s cryptoasset business saw unfavorable market trading volume. An increase in expense to strengthen internal control led to a segment loss of ¥1.7 billion.

  • Read this next

    Crypto Insider

    Saudi Launches World’s First Cultural Metaverse

    The Saudi Ministry of Culture, droppGroup, and Oracle have joined forces to launch the Cultural Universe, the world’s first government-operated national Metaverse initiative.

    Retail FX

    eToro revives IPO plans after failed $10B SPAC merger

    Israeli social trading network eToro is actively exploring options for a public market listing, according to CEO Yoni Assia in an exclusive interview with CNBC.

    Digital Assets

    Meme Coin Communities Gear Up for the CoinMarketCap Crypto Awards

    CoinMarketCap’s Crypto Awards 2024, the first edition of a new annual event, is captivating the global crypto community. This is especially true for the Meme Coin Of The Year category, where voting has become a battleground for the most passionate and vibrant communities in the crypto space.

    Digital Assets

    Sui Recognized as 2024 Blockchain Solution of the Year at AIBC Eurasia Awards

    The Layer-1 Received the Top Honor at the Eurasia Awards While Experiencing a Period of Unprecedented Growth and Recognition

    Crypto Insider

    Vitalik Buterin, Sandeep Nailwal Lead Decentralized AGI Summit, Address Centralized AI Risks at ETHDenver

    Sentient and Symbolic Capital’s Decentralized AGI Summit will feature leading Decentralized AI authorities like Vitalik Buterin and Sandeep Nailwal.

    Digital Assets

    Aethir Unveils Its First Decentralized AI Node Sale

    Aethir, a leader in decentralized GPU cloud infrastructure, has announced its highly anticipated Node Sale.

    Market News

    Weekly data: Oil and Gold. How they might be affected in the short term?

    This preview of weekly data looks at USOIL and XAUUSD where economic data coming up later this week are the main market drivers for the near short-term outlook.

    Digital Assets

    BitForex goes offline after mysterious $57 million withdrawal

    BitForex, the Hong Kong-based cryptocurrency exchange, abruptly went offline following a mysterious withdrawal of $57 million from its hot wallets. Blockchain detective ZachXBT was among the first to spotlight this, revealing that BitForex has ceased withdrawal transactions and its team appears to be unresponsive.

    Digital Assets

    Should the largest Bitcoin trade be priced in BTC or USD?

    Three days ago, the Bitcoin network witnessed a staggering transaction of 26,139 BTC, valued at $1.347 billion. This recent transaction contrasts sharply with a notable event from 2011, where 500,000 BTC were moved, then valued at around $1.13 million.