Rakuten Securities Revenue Continues to Rise, Q3 Profit Jumps 15%

Rakuten Securities Inc, a major Japanese broker and a subsidiary of Rakuten Group, published its consolidated financial results for the first nine months of 2021, from January till September.

The broker generated 21.9 billion yen as revenue for the third quarter of the ongoing fiscal. That was a jump of 19 percent year-over-year when compared with the same quarter of the previous year. Additionally, the net operating revenue of the company jumped to 20.75 billion yen from the Q3 of 2020s 17.74 billion yen.

Operating income for the three months came in at 3.34 billion yen, which is down from last years 3.95 billion yen. Miorever, ordinary income slipped to 3.46 billion yen from the 4 billion yen reported for Q3 of last year.

Similar to the revenue, the Japanese broker strengthened its latest quarterly profits. It generated 2.3 billion yen as profits in Q3, which is a year-over-year increase of 15 percent.