Rakuten Q1 Results Show Net Income Down as FX Volumes up 40% from Q4
Posted: Wed May 11, 2016 8:02 am
A leading Japan-based internet company listed on the Tokyo Stock Exchange under ticker 4755 with nearly ¥1.75trillion ($16b) in market cap, Rakuten Inc., has today reported its consolidated financials for the first quarter (Q1) for the three months ending March 31st 2016, showing a quarterly decline in net income, while reporting growth in key operating metrics compared to Q1 2015.
One of the group’s subsidiaries, Rakuten Securities is one of the largest Japanese FX brokers, and operates regional businesses including in Hong Kong – following an acquisition of one of FXCM’s prior businesses nearly a year ago.
[size=180]FX Jumps 40% From ... (read more)