The companies, products and regulatory developments shaping the broker industry.
Matsui’s April–September profit rose 59.7% year on year. The latest quarter shows why higher margin-financing income did not fully offset lower commissions.
The 15 October board decision sets up a possible international expansion route. A larger margin-funding book is already changing the domestic business as trading activity softens.
Profit rose 54% from a year earlier but slipped from the June quarter. Growing lending books also absorbed cash as the brokerage expanded its revenue sources.
Orders declined from the June quarter as client finance grew. The company’s normalised earnings margin moved only slightly, clarifying the reported profit increase.