Kabu Posts Flat Preliminary Results for June

[kreslik.news]

Kabu, an online securities broker, released its preliminary financial results for June of 2018 this Wednesday. The firm, which is a subsidiary of the Mitsubishi UFJ Financial Group, had a fairly stagnant month, with its results showing a slight decrease on May’s revenues.

In May of this year, Kabu reported that it had made ¥649 million ($5.78 million) in revenue from broker commission fees. Last month that number shrank to ¥605 million ($5.38 million), representing a nearly 7 percent month-on-month decrease.

This shrinking was mostly due a decline in stocks trading in June. Commissions from stocks trading shrank ... (read more)