MUFJ Subsidiary, Kabu Releases December 2018 Performance Figures

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.

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MUFJ Subsidiary, Kabu Releases December 2018 Performance Figures

January 17, 2019

Kabu ReleasesJapanese retail FX broker, Kabu has released its December month performance figures this Thursday, recording an overall positive momentum and results showing an uptick from November figures. Kabu is a subsidiary of Mitsubishi UFJ (MUFJ).

For the company, November month was a disappointing one as it experienced an overall decline in performance including net revenue, trading revenue, brokerage commissions and more. The December volume and revenue for the firm is more of a relief and welcome turnaround.

Compared to November 2018, the income from broker commission fees increased to ¥599 million in December 2018, representing an increase of ¥7 million or 1.2 per cent. The increase was contributed by an uptick in revenues from the futures and options trading during the month. The revenue generated from the Futures and Options in December 2018 came in at  ¥88 million, which 15 per cent higher or ¥13 million as and when measured against the previous month. 

But, despite the increase in F&O revenue, the revenue from the equity credit decline to completely offset the gains. The revenue from equity credit in December was ¥209 million which is 5 per cent or ¥12 million higher compared to the November figures. 

Mitsubishi UFJ  Financial GroupOverall the net operating revenue increased to ¥1.667 billion, which is 9 per cent or ¥154 million higher compared to the November figures. In the November month, the net operating revenue dropped by almost 14.37 per cent or ¥254 million month-on-month.

In December, the revenue from acceptance fee was ¥837 million, against the ¥717 million in November, which is about 14 per cent or ¥120 million month-on-month increase. The Non-Traditional revenue during the month of December also witnessed solid growth. It increased by 28.4 per cent or ¥195 million to reach ¥787 million. In November, the revenue from the Non-Traditional sources declined by about 20 per cent month-on-month. 

Non-Traditional revenue is the sum of revenues that excludes API revenue, stock brokerage commissions excluding financial product brokerage and credit financial balance.

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