Japan Exchange Group, Inc. (JPX) announced the summary of its interim financial results in FY 2024 (April 2024－September 2024) on October 29. Operating revenue in consolidated financial statements was 81,810,000,000 yen (11.5 percent up year on year), operating profit was 47,718,000,000 yen (7.2 percent up), profit before tax was 47,726,000,000 yen (7.2 percent up) and current profit belonging to the owner of the parent company was 32,380,000,000 yen (2.8 percent up).
Also, at the press conference held on the same day, as for the matter being investigated on suspicion of insider trading violation committed by an employee of Tokyo Stock Exchange, a subsidiary of JPX, JPX announced that it set up its investigation verification committee by independent outside directors on September 27 and that it is under investigation by the committee.

As for JPX interim financial results, as trading of spot stocks, etc. increased, of operating revenue, trading related revenue increased by 3,980,000,000 yen and clearing related revenue increased by 1,700,000,000 yen year on year respectively. Regarding breakdown of increase/decrease in trading related revenue, spot stocks, etc. increased by 3,980,000,000 yen, financial derivatives decreased by 206,000,000 yen and commodity derivatives increased by 184,000,000 yen. Trading volume of commodity derivatives was about 11 million 270 thousand, 39.2 percent up year on year.

As a result, as for trading related revenue by category, revenue of spot stocks was 22,099,000,000 yen (19.9 percent up year on year), revenue of financial derivatives was 5,203,000,000 yen (5.0 percent down) and revenue of commodity derivatives was 881,000,000 yen (27.9 percent up).

Trading related revenue consists of trading fees based on trading volume of each category, basic fees based on trading qualification of traders, access fees based on number of orders, trading system facility usage fees based on the type of trading system, etc. For the reason, interim earnings of trading related revenue were 33,479,000,000 yen (13.2 percent up).

As for operating revenue, in addition to the aforementioned trading related revenue, listing related revenue increased by 683,000,000 yen due to increases in net assets of Exchange Traded Funds (ETFs), etc., information related revenue increased by 1,482,000,000 yen due to increases of stock index transaction license income, market information fee income, etc., and as a result, operating revenue increased to 81,810,000,000 yen (11.5 percent up).

Meanwhile, operating expenses increased to 35,022,000,000 yen, 677,000,000 yen up year on year. The reason was an increase of 773,000,000 yen in labor costs due to the effects of wage increases, etc.－the total amount of labor costs was 11,229,000,000 yen－and an increase of 791,000,000 yen in system maintenance and operating costs due to increases of system development contracts and cloud service contracts, etc.－the total amount of system maintenance and operating costs was 10,152,000,000 yen, etc.

JPX also announced its consolidated earnings forecast in FY2024. It expects operating revenue of 159,000,000,000 yen (4.0 percent up year on year), operating profit of 86,000,000,000 yen (1.7 percent down), current profit belonging to the owner of the parent company of 59,500,000,000 yen (4.0 percent down) and dividend per share of 55.75 yen.

（Futures Tribune・issued November 5, 2024 ・no.3322）