Kabu Sees Growth in Revenue this May after Slump in April

[kreslik.news]

Kabu, a subsidiary of Mitsubishi UFJ (MUFJ), released preliminary financial results for May of 2018 today. The retail broker saw a respectable level of growth across its three main business lines last month.

Kabu was able to increase its total revenue for May to ¥1.68 billion ($15.25 million). This represented just under 4 percent in month on month growth.

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This growth was due in large part to an increase in brokerage commissions. In April of this year, Kabu raked in a total of ¥594 million ($5.38 million) from brokerage commissions. Last ... (read more)