SBI Holdings Subsidiary, SBI Securities Reports Record Revenue and Operating Income in the First Nine Month Period for Fiscal 2019

sbiSBI Securities, the subsidiary of Japan’s largest financial services syndicate, SBI Holdings has released the financial report for the nine months period ending on December 31st, 2018. SBI Securities FY 2019 ending on March 31st, 2019 has posted a historical revenue for the nine months period. 

The firm has posted the highest ever operating revenue, net operating revenue, operating income during the period. The operating revenue during the nine months period came in at ¥93.7 billion ($854.3 million), which 11.1 per cent higher compared to same period a year ago which was ¥84.3 billion. The net operating revenue also posted a double-digit percentage growth to ¥87.8 billion in the nine-months period, which is 14.4 per cent from  ¥76.8 billion in the nine months ended December 31, 2017.

The operating income for the firm in the first nine months of fiscal 2019 also increased to ¥42.8 billion, with an increase of 13.6 per cent year-on-year. The ordinary income during the period also rose by 13.5 per cent, and profits attributable to owners of the company also increased by 12.3 per cent on a yearly basis.

The total stock brokerage trading value for the nine months period came in at  ¥77 trillion. The results follow a solid first financial performance of SBI Securities, with Operating Revenue during the nine months period came in at ¥60.4 billion, which is 14.2 per cent higher compared to six months period for fiscal 2018.

The consolidated financial results for the nine months period of SBI Holdings is scheduled to be released on January 31st, 2019.

SBI Group, which is also investing heavily in the blockchain technology and cryptocurrency sphere was recently in the news for its $15 million investment in crypto wallet maker Tangem and has established new insurance business leveraging on artificial intelligence and big data.