GMO Financial Holdings marks rise in profits in first nine months of 2021

Japanese online trading services provider GMO Financial Holdings Inc today posted its financial metrics for the first nine months of 2021.

  • Operating revenue for the nine months to September 30, 2021 amounted to JPY 33 billion, up from JPY 27.9 billion in the equivalent period a year earlier.
  • Operating income for the first nine months of 2021 reached JPY 12.5 billion, up from JPY 10.2 billion a year earlier.
  • Ordinary income for the nine months to end-September 2021 reached JPY 12.7 billion, up from JPY 9.93 billion in the corresponding period a year ago.
  • The profit attributable to owners of the parent was JPY 7.8 billion, up from JPY 6.2 billion a year earlier.

GMO explains that, for the nine months ended September 30, 2021, the trading volume and revenue of OTC-FX and CFDs decreased compared to the same period last year, which saw a volatile market due to the rapid market fluctuations. However, operating revenue increased by 18.4% year on year mainly because the trading volume of and the revenues related to the transactions of cryptoassets increased significantly amid the volatile cryptoassets market.

Selling, general and administrative expenses, especially advertising and promotion costs, have increased due to aggressive marketing measures such as TV commercials conducted since Q2 in the cryptoassets business, which saw strong trends, operating income, ordinary income, and profit attributable to owners of parent increased compared to the same period last year.

Official financial results announcement is scheduled for November 1, 2021.

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