Mitsubishi UFJ Financial Group Archives - The Industry Spread

Japanese Retail Broker Kabu Reports Lowest Monthly Revenue in January 2019 in the Last Three Years

February 13, 2019

Mitsubishi UFJ Financial Group subsidiary, Kabu released its preliminary financial results for January 2019, reporting lowest monthly revenue in the last three years. 

In terms of commission fees, the broker managed to rake in 461 million Yen ($4.61 million) in January 2019, the lowest monthly revenue generated since 2016. For the five-month period till January, the firm averaged 619.6 million yen ($5.61 million) in brokerage fee-based revenue.