Monex Group, the owner of the Japanese forex brokerage Monex Inc. reported the preliminary results of the subsidiary for the first half of the fiscal year ending on 31 March, 2017 – from April 1 2016 to September 30, 2016. The report shows a sharp 66.9% decline of the profit to JPY 1.1 billion from JPY 3.3 billion in the same period of last year. The operating and the net revenues also posted a decline – of 24.2% and 25.8%, respectively. At the same time, the operating income decreased 90.6%. The assets of Monex Inc. also dropped from the start of the period under review to the end. As of March 31, 2016, the total ... (full story)