Kabu Finishes April with a Substantial Decline in Revenues from March

[kreslik.news]

Kabu, a subsidiary of Mitsubishi UFJ (MUFJ), released its preliminary financial results for April this Monday. The securities brokerage firm saw a substantial decrease in commission, trading and fee-based revenues.

These decreases are largely explained by the firm’s decline in trading volumes for April. As reported by Finance Magnates, the company saw a precipitous decrease in trading activity in April – continuing a trend that has seen declining trading volumes for the firm as 2018 has progressed.

An ongoing decline in trading volumes has meant an ongoing decline in revenues. April saw the firm posting total revenues from brokerage services ... (read more)